MilitiaMan & Crew: Iraqi Dinar News-Arab Summit Integration-Partnerships-Stable-Safe Environment-Investment-Development

MilitiaMan & Crew:  Iraqi Dinar News-Arab Summit Integration-Partnerships-Stable-Safe Environment-Investment-Development

5-19-2025

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

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

https://www.youtube.com/watch?v=F-dWWPsDe18

Iraq Economic News And Points To Ponder Monday Evening 5-19-25

The Dollar Exchange Rate Fell In Baghdad

Stock Exchange   Economy News – Baghdad  The US dollar exchange rate fell against the Iraqi dinar on Monday morning in Baghdad markets.

The dollar exchange rate fell on Baghdad's two main stock exchanges, Al-Kifah and Al-Harithiya, to 142,150 dinars per $100. On Sunday, it was 142,350 dinars per $100.

Selling prices at exchange offices in Baghdad's local markets recorded a decline, with the selling price reaching 143,250 dinars for $100, and the buying price reaching 141,250 dinars for $100. https://economy-news.net/content.php?id=55596

Globally, Iraqi Oil Prices Decline.

Economy | 09:30 - 05/19/2025  Mawazine News - Follow-up:  Iraqi oil prices recorded a new decline today, Monday, during daily trading in the global market.

According to data reviewed by "Baghdad Today", Basra Medium crude recorded $63.64 per barrel, while Heavy crude recorded $60.49 per barrel, with a change rate of -0.57 for both.

The data also showed global oil prices, with British Brent crude recording $65.05, while US West Texas Intermediate crude recorded $62.17 per barrel, with a change rate of -0.37 and -0.33, respectively. https://www.mawazin.net/Details.aspx?jimare=261645

Gold Prices Rise In Local Markets

economy | 05/19/2025   Mawazine News – Baghdad  Gold prices witnessed a significant increase today, Monday, as follows:

21-carat mithqal for 655,000 dinars,   18-carat mithqal for 560,000 dinars,
22-carat mithqal for 686,000 dinars,    24-carat mithqal for 748,000 dinars

https://www.mawazin.net/Details.aspx?jimare=261651

Economist: Iraq's $40 Million Initiative To An Arab Fund Is An Important Step That Requires Clear Details.

Time: 2025/05/19 15:37:39 Read: 1,650 times   {Economic: Al Furat News} Economic expert Salah Nouri praised the Iraqi government's proposal to establish an Arab fund for recovery and humanitarian support, considering it an "important" step that reflects "a sense of shared Arab responsibility."

Nouri told Al Furat News Agency that Iraq's $40 million donation was a "good gesture," but added that it was necessary to clarify the payment mechanisms and participation of other Arab countries in this fund.
The economic expert stressed that such funds "must be managed by the League of Arab States" to ensure "transparency and neutrality" in the distribution of aid.

He suggested that a headquarters be designated for the fund's management and that clear instructions be issued regarding the "amount of donations" from member states.

Nouri also emphasized the importance of "forming specialized committees" to determine the needs of Arab countries affected by disasters and classify the types of disasters that require urgent support.
In a related context, the economic expert noted the "need to subject the fund's management to strict oversight and auditing" by independent bodies to ensure "the proper use of funds and transparency" for member states and Arab citizens.

Nouri concluded his remarks by emphasizing that the success of this fund depends largely on "clarity of vision and procedures" and "the commitment of all Arab countries" to provide the necessary support to achieve its noble humanitarian goals.  LINK

The Ministerial Council Approves Reducing Approval Procedures For Establishing Industrial Cities.

Ministerial Council for the Economy   Money and Business     Economy News - Baghdad
The Ministerial Council for the Economy approved on Monday simplifying approval procedures for establishing industrial cities and setting a timeframe for completing transactions and approvals.

The Council's media office said in a statement, seen by Al-Eqtisad News, that "Deputy Prime Minister and Minister of Planning, Mohammed Tamim, chaired the 15th session of 2025 of the Ministerial Economic Council, which was held at the Council's building in the presence of the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank, the Chairman of the Securities Commission, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission, and the Prime Minister's advisors for economic and legal affairs.

" The statement indicated that "the Council discussed the items on its agenda and took the necessary decisions regarding them."

It added that "the Council hosted the Prime Minister's advisor to evaluate the work of insurance companies, especially the Iraqi Insurance Company. The advisor presented a working paper on mechanisms for developing the insurance sector in Iraq."

The statement noted that "the Council hosted the Director-General of the Technical Department at the Ministry of Environment to discuss the mechanism for monitoring genetically modified shipments, such as soybean meal, by approving the import license issued by the Ministry of Trade to provide a database for these materials due to their environmental impact on the health of citizens and livestock of all kinds."

He explained that "the Council decided to recommend to the Council of Ministers to include soybean meal in the import license. It also decided to form a committee headed by a representative of the General Secretariat of the Council of Ministers and including representatives from the Ministries of Trade, Finance, Justice, the Central Bank of Iraq, and a representative of the industrial sector in the Private Sector Development Council to submit a comprehensive study on the mechanisms for lending to industrial projects and submit its proposals and recommendations to the Ministerial Council for the Economy."

He continued, "The Council also decided to approve the Ministry of Industry's request to reduce the approval procedures for the establishment of industrial cities and set a timeframe for completing these transactions and approvals through the Committee for Allocation of Land to State Projects formed within the Ministry of Construction, Housing and Public Municipalities, provided that a member from the Industrial Cities Authority is added to coordinate work with this committee."

He pointed out that "the Council approved the Ministry of Planning's request to change the component (establishing a park south of the Kirkuk-Tikrit entrance) to establish a park north and south of Kirkuk city and to pave streets in Hawija district and its affiliated villages, as well as in the neighborhoods of Al-Uruba, Al-Mamduda, and Al-Nasr."   https://economy-news.net/content.php?id=55621

To Evaluate The Performance Of Local Insurance Companies, The Ministry Of Finance Announces A Contract With A Global Company.

Economy | 05/19/2025  Mawazine News – Baghdad  Finance Minister Taif Sami confirmed on Monday that the Ministry of Finance has contracted with Ernst & Young to evaluate the performance of the ministry's government insurance companies and submit recommendations regarding them.

Sami said in a statement followed by Mawazine News that "the Ministry of Finance, based on the directives of the Council of Ministers, has contracted with Ernst & Young to evaluate the work of government insurance companies."

She added that "the company's role will focus on submitting technical recommendations to the ministry regarding merging, restructuring, or improving the current performance of these companies, in line with international best practices and standards."  https://www.mawazin.net/Details.aspx?jimare=261675

Parliamentary Comment On The Closure Of The UNAMI Mission In Iraq

Political | 05/19/2025   Mawazine News - Baghdad -   Member of the Foreign Relations Committee, Amer Al-Fayez, commented on Monday on the complete closure of the United Nations Assistance Mission for Iraq (UNAMI) in 2025.

Al-Fayez told Mawazine News, "The decision to close the UNAMI mission came as a result of Iraq's complete political and security stability and the improvement of its relations with neighboring countries. This is evidence of the development of Iraq's foreign policy and how it is improving its international dealings."

He added, "The current circumstances and developments in all aspects of Iraq, especially its foreign policies, indicate that there is no need for the mission's presence in Baghdad."

Regarding the security and strategic repercussions of closing the United Nations mission in Iraq, the member of the Foreign Relations Committee explained that "it is impossible for it to lead to negative repercussions. On the contrary, it will certainly have positive effects, considering that Iraq has passed the stage of danger and is capable of managing itself. Such institutions turn to weak countries to assist them, and Iraq has successfully passed this stage."

He continued, "The withdrawal of the mission in this manner is a step that indicates that Iraq has begun to engage with its international environment and act in a pivotal manner as a country with clear political and economic weight."
The UN spokesperson announced yesterday, Sunday, the complete closure of the United Nations Assistance Mission for Iraq (UNAMI) in 2025.

The spokesperson said at a press conference held in New York, "The decision to close UNAMI came at the request of the Iraqi government, and after a comprehensive assessment of the situation in the country and the progress achieved in various fields."

He added that "the closure process will be carried out gradually and in an orderly manner, and the remaining tasks will be transferred to other UN agencies and programs operating in Iraq or to the relevant Iraqi government institutions."

He indicated that "the United Nations will remain committed to supporting Iraq and its people in their efforts to achieve stability, sustainable development, and promote human rights, through its specialized agencies and programs."

The spokesperson did not provide further details about the specific timeline for the closure or the tasks that will be transferred to other entities.

This announcement comes after more than two decades of UNAMI's work in Iraq, where it played a pivotal role in supporting the political process, providing humanitarian assistance, monitoring human rights, and advising the Iraqi government in various fields. https://www.mawazin.net/Details.aspx?jimare=261674

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

Seeds of Wisdom RV and Economic Updates Monday Evening 5-19-25

Good Evening Dinar Recaps,

PAUL ATKINS: 'CRYPTO MARKETS HAVE BEEN LANGUISHING IN SEC LIMBO'

The new SEC chair said the regulator "should not be in the business" of stifling innovation at companies like those involved in digital assets.

In one of his first speeches since becoming chair of the US Securities and Exchange Commission (SEC) in April, Paul Atkins addressed some of the regulatory concerns around the cryptocurrency industry.

In prepared remarks for a May 19 speech, Atkins said it was a “new day” for the crypto industry under the current leadership of the SEC. He suggested that the financial regulator would be more open to “adapt to and accommodate new developments” while still abiding by its statutes.

“The crypto markets have been languishing in SEC limbo for years,” said Atkins, adding:

“While I have directed Commission staff across our policy Divisions to begin drafting rule proposals related to crypto, the staff continue to ‘clear the brush’ through staff-level statements.”

Even before Atkins stepped into the role of SEC chair, the commission’s actions under Donald Trump suggested that it would radically depart from the direction of former chair Gary Gensler.

In 2025, the SEC has dropped several investigations and enforcement actions against crypto companies and issued guidance on memecoins and security tokens.

“As I begin my tenure as Chairman, I can tell you that we are getting back to our roots of promoting, rather than stifling, innovation,” said Atkins. “The markets innovate, and the SEC should not be in the business of telling them to stand still.”

Looking to Congress for market structure

Atkins’ remarks came as US lawmakers considered draft legislation to establish a regulatory structure for crypto markets. The proposed bill, moving through the House of Representatives, could clarify the roles the SEC and Commodity Futures Trading Commission (CFTC) have in overseeing and regulating digital assets.

Until the legislation passes Congress and is signed into law, the SEC’s rules and guidelines over crypto could face pushback from affected parties.

The SEC chair has given opening remarks and overseen the commission’s roundtable events, discussing regulatory issues surrounding digital assets and blockchain. The next event, scheduled for June 9, will cover decentralized finance.

@ Newshounds News™
Source:  Cointelegraph

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BRICS: TANZANIA OFFICIALLY BANS THE US DOLLAR

Taking a leaf straight from the BRICS playbook, Tanzania announced an official ban on the US dollar in local transactions. The Bank of Tanzania (BoT) has put a blanket ban on all foreign currencies in local transactions, and only the Tanzanian Shilling (TZS) is made legal tender. The ban comes after an influx of foreign currencies circulated the market for local transactions, leaving the TZS behind.

Tanzania is inspired by the BRICS agenda of de-dollarization and is striving to keep the US dollar in the back seat. Individuals, traders, business owners, and large corporations in the country are not allowed to use the US dollar for transactions. The ban includes both receiving and sending foreign currencies, making it a legal offense to initiate the payments. Every individual, bank, and business entity must use the Tanzanian Shillings and not foreign currencies.

“Under these Regulations, pricing and payment for all goods and services within the country must be in Tanzanian Shillings. Therefore, it is an offense to quote, advertise, or indicate prices in foreign currency, to compel, facilitate, or accept payment in foreign currency (US dollar), or to refuse payment made in Tanzanian Shillings,” read the statement mimicking the BRICS ideology.

BRICS: Tanzania & the US Dollar

The ban on the US dollar also includes foreigners who visit the country as tourists, making Tanzanian Shillings mandatory. Only a few authorities are permitted to use foreign currencies, and the regulation makes it clear that they need to specify the transactions. Those include government contributions to regional organizations, embassies, and transactions by international firms.

What BRICS failed to do to the US dollar, Tanzania got accomplished.

Developing countries are inspired by the BRICS agenda of using local currencies and forging ahead in banning the US dollar. The move will prove costly to the American economy if many countries join in on the de-dollarization bandwagon. The popularity of using local currencies for trade is growing and signals a major warning to the American economy.

@ Newshounds News™
Source:  Watcher Guru

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Iraq news and more posted by Clare at KTFA 5-19-2025

KTFA:

Clare:  The US Treasury just shocked Americans with a $258B surplus — its 2nd biggest monthly surplus in history

The US Treasury just shocked Americans with a $258 billion surplus — its 2nd biggest monthly surplus in history.Is Trump’s plan surprisingly working?

Jing Pan    Sun, May 18, 2025

Budget deficits are something we’ve come to expect from Uncle Sam. After all, without years of overspending, the federal government wouldn’t be sitting on trillions of dollars in debt. But, the latest monthly Treasury statement delivered a rare — and welcome — surprise.

In April 2025, the U.S. government collected $850.2 billion in receipts while spending $591.8 billion, resulting in a monthly budget surplus of $258.4 billion.

That’s not just any surplus — it’s the first monthly surplus of fiscal year 2025 (which began in October 2024), and the second-largest monthly surplus in U.S. history, behind only April 2022’s $308.2 billion surplus.

Does that mean President Trump’s plan is working?

According to the U.S. Department of the Treasury, the surplus was driven by “large individual tax deposits,” with April being the due date for final payments on prior-year taxes and the first installment of quarterly estimated taxes for many individuals and businesses.   LINK

Clare:  Iraq is preparing to hold the Baghdad International Energy Forum with the participation of 12 countries in September.

5/19/2025

The capital, Baghdad, is preparing to host the "Baghdad International Energy Forum," one of the most prominent international events in the energy sector, in early September 2025.

The Ministry of Oil stated in a statement received by {Euphrates News} a copy of it, that: “This important event is being organized under the patronage of Deputy Prime Minister and Minister of Oil Hayan Abdul-Ghani Al-Sawad, in partnership with the “Tomorrow” Foundation for Risk Management and the Iraqi Institute for Dialogue, and under the sponsorship of the Iraqi Oil Marketing Company (SOMO).”

She added, "Official invitations to attend the forum were extended to energy and oil ministers from twelve countries, in addition to senior executives from major international oil companies, and a select group of experts and specialists in various energy fields."

She continued, "The forum's sessions will address vital topics related to the concepts of environmental sustainability, technological innovation, and developments in global energy markets, as well as the challenges and opportunities facing the region in this context."

She noted that "this forum embodies Iraq's future directions in developing the oil, gas, and renewable energy sectors, and reflects its commitment to its active role in consolidating regional and international dialogue on the future of global energy."   LINK

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Clare:  In Washington, the Kurdistan Region signs two strategic energy agreements

5/19/2025

The Kurdistan Regional Government announced on Monday that Prime Minister Masrour Barzani sponsored the signing ceremony of two important energy agreements in Washington, D.C.

In a statement received by Shafaq News Agency, she said, "As part of his official visit to the United States, Kurdistan Regional Government Prime Minister Masrour Barzani oversaw the signing of two important agreements in the energy sector today, Monday, at the headquarters of the US Chamber of Commerce in Washington, DC."

The statement pointed out that the two agreements were concluded between the Kurdistan Regional Government on the one hand, and the American oil companies "HKN Energy" and "Western Zagros" on the other hand, which are companies specialized in this vital field.

These two agreements, estimated to be worth tens of billions of dollars, aim to develop and grow the oil and energy sector in the Kurdistan Region, in addition to strengthening its economic infrastructure.  LINK

PM Barzani’s U.S. Visit Focuses on Energy, Constitutional Rights, and Bilateral Ties

5/19/2025  By Dler Mohammed   ERBIL  — 

Kurdistan Region Prime Minister Masrour Barzani’s current visit to the United States has been described as “exceptionally strategic” as it comes at a critical juncture in both domestic and regional politics. The visit marks the first of its kind by a Kurdish leader under the Trump administration, underscoring Washington’s intent to strengthen its partnership with the Kurdistan Region of Iraq.

Noreldin Waisy, Press Secretary and Media Adviser to Prime Minister Barzani, emphasized the significance of the visit, which comes in response to an official invitation from the U.S. government. He said the visit is a milestone for Kurdish-American relations and serves as an opportunity to advance shared strategic interests.

Waisi emphasized that the KRG is not seeking conflict but rather a constitutional resolution to its disputes with Baghdad. His remarks came during an interview with the London-based Arabic-language daily newspaper Al Arab, where he elaborated on the region’s priorities ahead of PM Barzani’s meetings in the U.S.

“This visit is crucial not just for bilateral relations but for amplifying the Kurdistan Region’s perspective to the international community,” Waisy stated. “It comes at a time when Erbil is deeply frustrated with Baghdad’s failure to uphold constitutional agreements—especially in matters of oil revenues and federal budget entitlements.”

Barzani’s agenda in Washington includes high-level meetings with senior U.S. officials, members of Congress, policy think tanks, and American investors. He is also expected to take part in a specialized energy forum, where multiple agreements and MoUs with leading U.S. energy firms are anticipated.

Tensions with Baghdad Take Center Stage

Waisy accused the federal government of systematic financial pressure, including the deliberate withholding of Kurdistan’s share of the federal budget and delay in civil servant salaries.

He blamed Baghdad for violating multiple signed agreements, including the foundational “State Administration Agreement” that led to the formation of Iraq’s current government. “The federal government’s actions reflect a deeply entrenched centralist mindset that seeks to undermine the constitutional rights of the Kurdistan Region,” he said.

The core grievance centers on what Waisy described as “chronic violations” of revenue-sharing principles. “Despite the Kurdistan Regional Government’s transparency and legal compliance, Baghdad continues to use financial entitlements, particularly salary payments, as a political tool,” he added.

Energy Export Impasse and Federal Overreach

Touching on the energy file, Waisy said the federal government’s ongoing obstruction of oil exports from the Kurdistan Region—now lasting over two years—has inflicted losses amounting to billions of dollars on both the regional and national economies.

“Baghdad’s aim is clear: to keep Kurdistan excluded from the global energy map and force concessions that infringe on our constitutional authorities,” Waisy noted. “This is a broader effort to dominate Iraq’s wealth through centralized control.”

Public Opinion Warfare

Waisy also criticized what he called a “disinformation campaign” by certain Baghdad politicians who portray the Kurdistan Region as a burden on the rest of Iraq. “They frame the delayed and partial salary payments as a benevolent gesture rather than a constitutional right,” he said. “In reality, what is sent to the Region accounts for less than 5% of its rightful entitlements—far below the 14% share affirmed by recent demographic data.”

A Call for International Support and Federal Reassessment

Concluding his remarks, Waisy expressed hope that Barzani’s meetings in Washington would garner stronger international support for Kurdistan’s constitutional rights and further institutionalize its strategic alliance with the United States.

However, he warned of rising risks: “If Baghdad continues down this centralist path, the result could be irreversible deterioration in Erbil-Baghdad relations—jeopardizing not only the political balance but also the broader stability of Iraq.”

Waisy called on the federal government to take immediate and concrete steps to redress grievances and restore mutual trust. “The ball is in Baghdad’s court,” he said, “but the consequences of inaction will be felt across the entire Iraqi political landscape.”   LINK

Seeds of Wisdom RV and Economic Updates Monday Afternoon 5-19-25

Good Afternoon Dinar Recaps,

CIRCLE COURTING ACQUISITION BIDS FROM COINBASE AND RIPPLE, ASKS FOR AT LEAST $5 BILLION: FORTUNE

Circle Internet Financial, the issuer of the second-largest stablecoin, is reportedly courting acquisition bids at a valuation of at least $5 billion, according to a report by Fortune.

The alleged sales talks involve Coinbase, Circle’s longtime partner, and Ripple, a recent rival in the stablecoin space. These discussions are happening even as Circle pursues a public listing.

In April, Circle filed a prospectus for an initial public offering, although the valuation remains undisclosed. Shortly after, Ripple offered between $4 billion and $5 billion to acquire Circle. However, Circle rejected the offer, stating the bid was too low.

This isn’t Circle’s first attempt at going public. Back in 2022, during the crypto bear market, the company canceled its SPAC merger that would have valued it at a staggering $9 billion.

Circle joins several other crypto firms like Kraken and BitGo in signaling public listing intentions under the pro-crypto economic climate of President Donald Trump. However, some analysts question whether Trump’s economic agenda may eventually dampen IPO appetite.

Trump has also publicly pushed for stablecoin legislation to be passed by the end of the summer—a development that could directly affect Circle’s strategic decisions.

Circle and Coinbase have maintained a long-standing partnership, dating back to the formation of the CENTRE Consortium, which initially managed the USDC stablecoin. USDC remains the most used stablecoin on Coinbase, and Circle reportedly paid Coinbase around $900 million in distribution costs in 2024.

Coinbase, meanwhile, is expanding aggressively, pursuing deals with Deribit (a derivatives exchange) and IronFish (a privacy platform). It also just became the first pure-play crypto firm to join the S&P 500.

Ripple is also building its stablecoin presence. It recently launched RLUSD on Kraken, integrating it into the platform’s payment infrastructure.

@ Newshounds News™
Source:  The Block

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US DOLLAR DETHRONED: ONLY 60% GLOBAL RESERVES STILL BET ON ITS REIGN

The US dollar has been dethroned from its long-held position as the world’s undisputed reserve currency—a reality now backed by measurable data. Recent findings show that the dollar’s share of global reserves has declined to approximately 60%, down from 67% two decades ago. This gradual but persistent shift signals a transformational change in global finance, as central banks increasingly diversify their holdings away from the greenback. At present, the ongoing de-dollarization trend is considered one of the most consequential changes in the international monetary system in decades.

The Decline of Dollar Dominance in Numbers

The dollar’s share in global reserves has been steadily eroding over the past 20 years, reflecting a global strategy by central banks to reduce reliance on any single currency and to protect themselves from geopolitical risk.

Historical Context of the Dollar’s Weakening

Since the euro’s introduction in 1999, central banks have actively trimmed their dollar holdings. The British pound and Canadian dollar have gained modest ground, while global trade disputes and rising geopolitical tensions have accelerated a move away from U.S. currency dominance.

Economically stressed nations and those seeking greater monetary independence are contemplating a shift from using the U.S. dollar as the primary trade currency. As a result, “de-dollarization” has become a central topic in financial markets.

Paradox of Dollar Strength Amid Declining Reserve Status

Even as reserve status declines, the dollar has remained remarkably resilient. Its strength is driven by:

• Higher U.S. interest rates

• Strong capital inflows

• Safe-haven appeal during global turmoil

As a result, the dollar has climbed to new highs in real terms, reflected in the Federal Reserve Trade Weighted Real Broad Dollar Index.

Market Reactions to Dollar Uncertainty

This year, the U.S. dollar weakened by 8% against a basket of major foreign currencies—fueling debate over its long-term reliability.

“It is hard to put the genie back in the bottle once such concerns are raised.”
— Vishwanath Tirupattur, Morgan Stanley strategist

With this uncertainty, investors are reallocating assets into gold, German bonds, and emerging markets, signaling a desire to diversify away from dollar-denominated investments.

Structural Challenges for Alternative Currencies

Despite this shift, replacing the dollar is no easy feat. Only a few alternatives come close to meeting the requirements of a reserve currency.

“There is really no alternative to the dollar. The Euro is very fragmented, China’s currency doesn’t float freely in markets, and the yen doesn’t have the scale to compete.”
— Brent Coggins, CIO, Triad Wealth Partners

A true reserve currency must be:

• Freely convertible

• Backed by deep and liquid bond markets

• Readily accessible in times of crisis

The U.S. Treasury market continues to provide these essentials, despite the dollar’s recent challenges.

Future Outlook for the Global Reserve System

While a complete abandonment of the dollar seems unlikely in the near term, the trend is clear: the world is moving toward a multipolar currency system.

“We ultimately think this shift is tactical rather than a fundamental reassessment of U.S. assets.”
— Nick Bennenbroek, International Economist, Wells Fargo

Yet, what truly worries White House economists is not short-term volatility—but the potential for a long-term structural reallocation of global savings away from U.S. assets. Such a move would undermine America’s ability to borrow cheaply, long considered an “exorbitant privilege.”

The global financial order is evolving. While no immediate successor to the dollar exists, the momentum of de-dollarization is unmistakable and growing.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Monday Morning 5-19-25

Internal And External Factors...The Reasons For The Dollar's Decline In The Local Market

Buratha News Agency1092025-05-18   Economist Safwan Qusay confirmed on Sunday that the decline in the value of the dollar in the informal market is the result of a combination of several internal and external factors, most notably recent developments in Syria and the banking reforms initiated by the Iraqi government.

Qusay said in a press interview that "the value of the dollar in the informal market was affected by recent events in Syria, as Damascus was within the circle of prohibited transfers. However, the lifting of sanctions and the reversal of transactions towards Syrian markets contributed to reducing demand for the dollar in the informal market."

He added, "Lebanese markets, which had previously refrained from direct dealings with Iraqi banks, have recently begun dealing directly with them, which has also been reflected in a decline in demand for dollars on the parallel market."

Qusay explained that "the banking reforms initiated by the Iraqi government in cooperation with Oliver Wyman, which included opening windows for international correspondents and expanding the scope of investigation into entities requesting dollars from the informal market, helped to organize their affairs and shift them toward dealing with official banks and benefiting from the official exchange rate of 1,320 dinars to the dollar."

He pointed out that "most traders are hesitant about imports due to the ongoing trade war between Russia and the European Union on the one hand, and the United States and China on the other, in addition to the mutual tariffs, which in turn have contributed to a decline in demand for the dollar."

The economic expert noted that "the upcoming understandings regarding reciprocal taxes between the United States and China will positively impact the price of a barrel of oil, leading to a further decline in demand for the dollar in the informal market."

He emphasized that "these measures, which represent a combination of government reforms and international variables, have helped reduce the value of the dollar in the informal market, alongside the decline in the dollar's global price due to the US administration's desire to repay its $36 trillion foreign debt with a weak dollar. This also depends on the US Federal Reserve's renewal policy and interest rates."     https://burathanews.com/arabic/economic/460279

Stability Of The Dollar Exchange Rate In Local Markets

Economy | 10:42 - 05/18/2025   Mawazine News - Baghdad -  The exchange rate of the US dollar against the Iraqi dinar witnessed stability in local markets.

The dollar exchange rate on the Al-Kifah and Al-Harithiya stock exchanges in Baghdad reached 142,450 Iraqi dinars for every $100, after recording 142,400 dinars for every $100 yesterday, Saturday.

The exchange rates at money exchange shops in local markets in Baghdad stabilized, with the selling price reaching 143,500 dinars for every $100, while the buying price reached 141,500 dinars for every $100.
On February 7, 2022, the Council of Ministers announced its approval to adjust the dollar exchange rate to 1,320 dinars for one dollar.   https://www.mawazin.net/Details.aspx?jimare=261614

Iraq Is Not Among The Largest Holders Of US Bonds.

Sunday, May 18, 2025 1:26 PM | Economic Number of reads: 258   Baghdad / NINA / The US Treasury Department announced, on Sunday, that the total holdings of US bonds by countries around the world during the current year exceeded $9 trillion.

The Treasury said in a table for the year 2025, that "the holdings of US bonds by countries around the world amounted to $9 trillion and 50 billion."

It indicated that "Japan is considered the largest holder of US bonds, with $1.13 trillion, followed by the United Kingdom, then China, the Cayman Islands fourth, and then Canada."

In the Arab world, Saudi Arabia and the UAE were among the top twenty countries in terms of holding US bonds, as Saudi Arabia's holdings amounted to $131 billion, and the UAE's $111 billion.

According to the US Department's table, Iraq did not make it to the top twenty list, despite its presence in 2023 with holdings amounting to $32.6 billion.

It's worth noting that Saudi Arabia was the only Arab country on the list of the largest holders of US bonds for 2024, ranking 17th with holdings of $137.5 billion. / End https://ninanews.com/Website/News/Details?key=1227651

Gold Prices Stabilize In Local Markets

Economy | 01:16 - 05/18/2025  Mawazine News - Baghdad -  Gold prices, both foreign and Iraqi, witnessed stability in the local markets of the capital, Baghdad, on Sunday.

Gold prices in the wholesale markets on Al-Nahr Street in Baghdad recorded this morning a selling price for one mithqal of 21-karat Gulf, Turkish and European gold at 635,000 dinars, while the purchase price reached 631,000 dinars, the same prices recorded yesterday, Saturday.

The selling price of one mithqal of 21-karat Iraqi gold reached 605,000 dinars, while the purchase price reached 601,000 dinars.

As for gold prices in jewelers' shops, the selling price of one mithqal of 21-karat Gulf gold ranged between 640,000 and 650,000 dinars, while the selling price of one mithqal of Iraqi gold ranged between 605,000 and 615,000 dinars.   https://www.mawazin.net/Details.aspx?jimare=261622

Iraq's Crude Oil Exports To The US Declined Last Week

Sunday, May 18, 2025  Economic Number of reads: 303  Baghdad / NINA / The US Energy Information Administration announced, on Sunday, a decrease in Iraqi exports to America during the past week.

The administration stated in a table, "The average US imports of crude oil during the past week from ten major countries amounted to 5.365 million barrels per day, an increase of 96 thousand barrels per day compared to the previous week, which amounted to 5.269 million barrels per day."

It added that "the average of Iraqi oil exports to America amounted to 152 thousand barrels per day, a decrease of 77 thousand barrels per day compared to the previous week, which amounted to 229 thousand barrels per day."

The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Brazil, Saudi Arabia, and then Mexico. "

According to the table, "the amount of US imports of crude oil continued from Nigeria, Ecuador, Venezuela, Colombia, and Libya." / End  https://ninanews.com/Website/News/Details?key=1227601

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

Seeds of Wisdom RV and Economic Updates Monday Morning 5-19-25

Good Morning Dinar Recaps,

TRUMP CONGRATULATES REPUBLICANS AFTER ‘BIG BEAUTIFUL BILL’ PASSES HOUSE PANEL

President Donald Trump praised House Republicans after a narrow but pivotal vote late Sunday night advanced what he called the “One Big Beautiful Bill Act,” containing many of his top legislative priorities.

“CONGRATULATIONS REPUBLICANS!!!” the president posted on Truth Social just before 1 a.m. Monday. “MAKE AMERICA GREAT AGAIN!!!”

The House Budget Committee voted 17-16 in a rare late-night session to move the bill forward. The proposed legislation aims to:

• Extend Trump’s 2017 tax cuts

• Boost immigration enforcement funding

• Cut spending on select social programs

House Republicans had spent the previous week negotiating details, particularly around spending cuts and the bill’s potential impact on the long-term national debt.

Notably, four GOP members who had previously blocked the bill’s advancement — Reps. Ralph Norman (S.C.), Chip Roy (Texas), Andrew Clyde (Ga.), and Josh Brecheen (Okla.) — shifted their stance and voted present, allowing the bill to proceed.

Speaker Mike Johnson (R-La.) said the process is far from over, stating the House will continue refining the measure as it moves to the Rules Committee:

“There’s a lot more work to do, we’ve always acknowledged that towards the end there will be more details to iron out, we have several more to take care of,” Johnson told reporters.

@ Newshounds News™
Source:  The Hill

~~~~~~~~~

DUBAI REGULATOR SETS COMPLIANCE DEADLINE FOR UPDATED CRYPTO RULES

Dubai’s Virtual Assets Regulatory Authority (VARA) has issued Version 2.0 of its activity-based Rulebooks, giving all licensed virtual asset service providers (VASPs) until June 19, 2025, to comply. The updated framework aims to strengthen market integrity, standardize regulatory terms, and enhance risk management across the digital asset ecosystem.

The revised rules, announced on May 19, tighten oversight for key activities including margin trading, token distribution, brokerage, custody, exchange, lending and borrowing, virtual asset management, and transfer and settlement services. VARA has harmonized compliance obligations across these areas, reducing ambiguity and streamlining operational expectations for VASPs.

Among the most notable updates are enhanced supervisory mechanisms and clearer definitions of core concepts such as “client assets,” “qualified custodians,” and “collateral requirements.” VARA also aligned disclosure obligations where service categories overlap, aiming to ease cross-functional compliance.

Margin trading regulations have been specifically tightened. Leverage thresholds have been reduced, and VASPs are now subject to stricter collateralization standards and real-time monitoring obligations. These measures are designed to curb systemic risks associated with overleveraged trading, particularly in volatile markets.

The new Rulebooks also introduce a dedicated section on token distribution. This includes clear licensing prerequisites, investor protection requirements, and robust marketing restrictions—especially for retail-facing offers—intended to align with global regulatory standards.

A VARA spokesperson emphasized that the updates aim to close observed regulatory gaps and create a consistent, secure environment for virtual asset activity in Dubai.

VASPs must comply within the 30-day transition period to avoid penalties. VARA’s supervisory team will be engaging directly with regulated firms to facilitate the transition and ensure readiness by the June 19 deadline.

@ Newshounds News™
Source:  CoinTelegraph

~~~~~~~~~

BRICS: 5 COUNTRIES PAY 93% OF TRADE IN NATIONAL CURRENCIES

BRICS member Russia is advancing the de-dollarization agenda, convincing economic alliances to settle trade payments in national currencies instead of the US dollar. In the latest move, Russia confirmed that 93% of cross-border payments within the Eurasian Economic Union (EAEU) are now settled in national currencies.

This significant shift reflects a growing global trend away from the U.S. dollar as the dominant medium for international trade. After BRICS, several other economic alliances are following suit, putting further pressure on the dollar’s global reserve status. Emerging economies are asserting greater control over the global financial order, independently of Western influence.

BRICS: Eurasian Economic Union (EAEU) Sidelines the US Dollar

The EAEU alliance consists of five countries: Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. In 2015, only 70% of the bloc’s trade was conducted in national currencies. A decade later, that figure has climbed to a record 93%, reflecting a steady transition fueled by BRICS-inspired monetary strategies.

“If in 2015 the share of the ruble and other national currencies was about 70% in settlements with our partners in the EAEU, then by the end of last year we reached a record 93%,”
— Dmitry Volvach, Russian Deputy Minister of Economic Development

Russia has extended the BRICS ideology to the EAEU, pushing national currencies ahead of the US dollar in global trade. Today, BRICS, CIS, SCO, GCC, ASEAN, and EAEU are increasingly transacting in their own currencies, significantly reducing reliance on the dollar.

No Force—Only Incentives to De-Dollarize

Volvach stressed that no nation was coerced into de-dollarization. Instead, the transition was driven by practical benefits and national interests:

“It is impossible to artificially force participants in foreign economic activity to switch to one currency. This is a good foundation for further growth,”
— Dmitry Volvach

BRICS and EAEU now stand at the forefront of de-dollarization, marking a pivotal moment where national currencies gain global relevance over the long-dominant U.S. dollar.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Monday Morning 5-19-2025

TNT:

Tishwash:  Trump's visit to the Gulf: Will it open the door to investment in the Kurdistan Region?

 US President Donald Trump's visit to several Gulf states has raised questions about its political and economic impact on the Kurdistan Region, given the region's well-known positive relationship with Gulf capitals and its close ties with Washington on development and security issues.

In this context, researcher and political analyst Yassin Aziz told Baghdad Today on Sunday (May 18, 2025) that "Trump's visit has significant repercussions for the entire region, including Iraq. Since the Kurdistan Region is part of Iraq, the region—although it has constitutionally granted special status—remains bound by the public interests and frameworks set by Iraqi foreign policy."

The Gulf and the region: a stable partnership and open prospects

Aziz adds that "the region's relations with the Arab Gulf states have been distinguished and positive for a long time, particularly with pivotal countries such as Saudi Arabia, the UAE, Qatar, and even the rest of the Gulf states," noting that "these countries already have investments in the region, and there is ongoing economic activity, although the ambition is for it to expand further in the coming period."

He believes that Trump's visit to the Gulf states "could be a catalyst" in this direction, as it reshapes the region's economic priorities and could create a new climate that encourages Gulf states to increase their investment engagement in safe and stable regions such as the Kurdistan Region.

Washington - Gulf - Erbil... a triangle of intersecting interests

In response to the possibility of competition between Gulf and American investments in the region, Aziz ruled out this proposal, asserting that "each party has its own perspective, and Gulf state investments do not come at the expense of foreign companies, but may complement them." He emphasized that "the Kurdistan Region is viewed by the Gulf as a stable model, suitable for investment, due to the availability of security and supportive laws."

The open opportunity... when will it become a reality?

Aziz concluded his remarks by emphasizing that "Trump's visit to the Gulf will not negatively impact the relationship between Erbil and the Gulf capitals, but may contribute to accelerating economic cooperation between them, within an environment that encourages multilateral partnerships."

He believed that "the next phase may witness greater openness by Gulf companies towards the region, driven by external political encouragement and a domestic desire to develop non-oil sectors."  link

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

Tishwash:  During the Baghdad Summit, Iraq prepares to present a modern economic vision, the outlines of which were drawn up by Sudani.

Iraq is preparing today, Saturday, to present a modern economic vision stemming from nationalist trends outlined by Prime Minister Mohammed Shia al-Sudani during the Arab Summit. Meanwhile, the presence of Arab leaders and monarchs in Baghdad marks a turning point in regional relations and consolidates Iraq's openness to its Arab surroundings. 

The Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, said, "Iraq is preparing to present a modern economic vision stemming from national trends whose outlines were shaped by Sudan." He pointed out that, "This vision includes new partnership paths and advanced investment methods that are in line with the nature of the current economic phase and challenges." 

Al-Najjar emphasized that "the presence of Arab leaders in Baghdad represents a turning point in regional cooperation relations and consolidates Iraq's openness to its Arab surroundings." He added that "the Iraq Development Fund today represents an attractive and diverse investment base capable of absorbing capital and companies seeking to enter the Iraqi market, which is characterized by its vastness and rapid growth."  link

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

Tishwash:  Iraq's debt "very safe" below 33% of GDP

Iraq’s total public debt remains below 33% of the country’s gross domestic product (GDP), securing a low-risk standing in global credit rankings, an Iraqi official confirmed Friday.

Speaking to Shafaq News, Mazhar Mohammed Saleh, financial adviser to the prime minister, noted that Iraq wiped out nearly $100 billion in legacy foreign debt through the 2004 Paris Club agreement, most linked to pre-1990 conflicts under the former regime. The remaining debt was restructured over two decades, with the final installment—a $2.7 billion bond—due for full repayment by 2028.

During the war against ISIS, Iraq borrowed about $12 billion to support its national budget. The majority of these loans, especially those from the International Monetary Fund, have been repaid.

In the coming four years, Iraq must repay $9 billion in external debt. A similar amount, mainly from international development funds, is dedicated to rebuilding areas liberated from conflict. External debt currently represents roughly 8% of GDP, which Saleh described as “very safe.”

Domestic public debt totals 85 trillion Iraqi dinars (around $65 billion), with half held in the Central Bank of Iraq’s investment portfolio and the remainder mostly with state-owned banks or issued as bonds and treasury bills. Saleh attributed this accumulation to three significant downturns in oil revenues over recent years.

Internal debt, however, makes up about 25% of GDP. Combined with external obligations, Iraq’s total public debt stays below 33%—well under the widely accepted 60% threshold for sustainable debt levels.

Saleh also highlighted an unresolved $40 billion in debt dating to the Iran-Iraq war that remains unsettled despite the 2004 Paris Club deal. These “odious debts,” owed to eight countries, are expected to be written off by at least 80% under the agreement, pending verification.   link

Mot: Ever Wonder Why (((Spring Cleaning))) - Takes sooo Long!!!??

Mot: ..... and Your Skill Level Is???   

MilitiaMan & CREW: Iraq Dinar News Update-Arab Historic Summits of Success

MilitiaMan & CREW: Iraq Dinar News Update-Arab Historic Summits of Success

5-18-2025

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=M-Rvr6HUgGs

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 5-18-25

Good Afternoon Dinar Recaps,

US COMPLETELY LOSES PERFECT CREDIT RATING FOR FIRST TIME IN OVER A CENTURY

Moody's Ratings downgraded the U.S. government's credit rating on Friday, citing repeated failures by successive administrations to control the country's growing debt. The agency lowered the rating from its highest grade, Aaa, to Aa1, noting that while the U.S. still benefits from key strengths—such as a dynamic economy and the global dominance of the U.S. dollar—its fiscal outlook has significantly deteriorated.

Why It Matters

The shift means the United States no longer enjoys a fully stable top-tier rating from any major agency for the first time in more than 100 years. Moody's becomes the third and final major credit agency to reduce its assessment of the federal government's creditworthiness. Standard & Poor's made its first-ever downgrade in 2011, and Fitch Ratings followed in 2023.

What to Know

In its announcement, Moody's—led by chief economist Mark Zandi—projected the federal deficit will rise to nearly 9% of GDP by 2035, up from 6.4% in 2024, driven by:

• mounting interest payments,

• rising entitlement costs, and

• sluggish revenue growth.

Moody's also warned that extending President Donald Trump's 2017 tax cuts—now a key priority for the Republican-led Congress—would add $4 trillion to the federal primary deficit over the next decade. Political gridlock remains a major obstacle to fiscal reform, with:

• Republicans opposing tax increases, and

• Democrats resisted spending cuts,
  leaving little room for bipartisan solutions.

What to Know About the Three Major Credit Agencies

The three major credit rating agencies—Moody's Investors Service, S&P Global Ratings, and Fitch Ratings—play a critical role in assessing the creditworthiness of sovereign nations, including the United States. These agencies assign ratings that influence:

• borrowing costs,

• investor confidence, and

• global economic perceptions.

A top-tier credit rating signals low risk, while a downgrade can lead to increased borrowing costs and financial instability.

Historically, the U.S. maintained a perfect credit rating from all three agencies for decades, reflecting the country's economic strength and political stability. That changed in 2011 when S&P downgraded the U.S. from AAA to AA+ following a contentious debt ceiling standoff. Fitch followed in 2023, citing fiscal deterioration and repeated political brinkmanship. Moody's had been the last to maintain a stable AAA rating—until now.

• Moody's, founded in 1909, is the oldest of the three.

• S&P, established in 1860, is known for its market indices and ratings.

• Fitch, founded in 1914, is the smallest but still influential.

Together, these agencies hold immense sway over global finance, and their recent assessments of the U.S. reflect growing alarm over debt levels and political instability.

What People Are Saying

🔹 Democratic strategist Chris Jackson posted on X (formerly Twitter):
"BREAKING: In a stunning move, Moody's has downgraded the U.S. credit rating from Aaa to Aa1—for the first time in history. That's right: the only major credit agency that hadn't downgraded us under Trump just did. Who else enjoying all this 'economic winning' under Trump?"

🔹 Steven Cheung, assistant to President Trump and White House Director of Communications, replied:
"Mark Zandi, the economist for Moody's, is an Obama advisor and Clinton donor who has been a Never Trumper since 2016. Nobody takes his 'analysis' seriously. He has been proven wrong time and time again."

@ Newshounds News™
Source:
Newsweek – Moody’s Downgrades U.S. Credit Rating   

~~~~~~~~~

CHINA SELLS $19B IN U.S. TREASURIES AS TRADE WAR ESCALATES
 Beijing Cuts Holdings Amid Tariff Tensions and U.S. Credit Concerns

China has significantly reduced its holdings of U.S. government debt, shedding $18.9 billion in Treasuries in March, according to newly released data from the U.S. Department of the Treasury. This move aligns with rising tensions in the ongoing U.S.–China trade conflict.

Sharp Drop in Holdings

• China’s Treasury holdings fell to $765.4B in March, down from $784.3B in February.

• This is one of the steepest monthly reductions in recent years.

• China is now the third-largest U.S. debt holder, behind the U.K. and Japan.

This reduction comes amid growing speculation that China may use its U.S. debt holdings as a geopolitical tool—or to reduce risk as bilateral relations deteriorate.

Trade War Fueling Financial Maneuvers

China’s actions follow the U.S.'s aggressive tariff measures, which have escalated into what many now consider a de facto trade embargo, with tariffs exceeding 100% on some imports.

Chinese economist and former central bank adviser Yu Yongding commented:

“China must have a set of countermeasures through repeated scenario planning to safeguard the security of its overseas assets.”

Global Credit Concerns Deepen

China's debt selloff coincides with mounting concerns over the U.S.’s fiscal health:

• Moody’s downgraded U.S. debt from ‘AAA’ to ‘Aa1’, citing unsustainable debt levels.

• Interest payments and debt ratios are now “significantly higher than similarly rated sovereigns,” Moody’s warned.

Interestingly, China increased its U.S. Treasury holdings by $20B in February, despite the early tariff rounds. March’s reversal signals a shift in strategy as tensions spike.

@ Newshounds News™
Source:  Full article on Bitcoin.com

~~~~~~~~~

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Iraq Economic News And Points To Ponder Sunday Morning 5-18-25

UN Secretary-General: We Are Pleased With The Positive Development Taking Place In Iraq

Reconstruction And Construction

Economy News – Baghdad   UN Secretary-General António Guterres expressed his satisfaction on Saturday with the progress made by Iraq. While noting that the time is right to conclude the UNAMI mission in Iraq by the end of this year, which reflects the maturity of the Iraqi political process, he emphasized that the 34th Arab Summit is being held at a critical moment for the Middle East.

"I am pleased to be in Baghdad again to participate in the Arab League summit, at a crucial moment for the Middle East," Guterres said at a press conference on the sidelines of the Arab Summit in Baghdad, as monitored by Al-Eqtisad News.

He explained that "the ground is shifting beneath our feet, but these radical transformations are not natural forces, but rather the results of specific choices, and the solutions are in the hands of decision-makers."

He added that "these solutions must focus, first and foremost, on making the most of the region's enormous potential," adding: "We all know that the peoples of the Arab world aspire to a better future, and that there are demands for justice, dignity, and rights."

He pointed out that "in Lebanon, the ceasefire, territorial integrity, and adherence to international resolutions must be respected. As for Syria, the Syrian people yearn for a comprehensive political transition that heals national wounds and strengthens Syria's integration into the international community and economy, while also ensuring that the imposed sanctions are lifted."

He continued, "The situation in Gaza is beyond description. There is a blockade, starvation, and a violation of international law, and it must stop." He explained, "The collective punishment imposed on the Palestinian people cannot be justified."

He explained, "We need a permanent ceasefire and to ensure the free flow of humanitarian aid into Gaza."

Regarding the situation in Sudan, Guterres stressed, "Yesterday we held an important meeting with the Secretary-General of the League of Arab States and representatives of the African Union to continue coordinating peace initiatives in Sudan. We have unofficial representatives in Addis Ababa to facilitate coordination between the three mechanisms working towards a peaceful solution."

Regarding the Iraqi file, Guterres said, "I am pleased with the progress made by Iraq," stressing that "at the end of this year, the United Nations mission in Iraq will officially conclude, reflecting the maturity of the Iraqi political process."

He explained that "UN agencies will continue to work in Iraq to support development, organize elections, and provide technical support to the Iraqi government." https://economy-news.net/content.php?id=55555

Aboul Gheit: Iraq Is The First Country To Chair The Political And Economic Summits.

Money and Business   Economy News – Baghdad   Iraq is the first country to chair the political and economic summits  https://economy-news.net/content.php?id=55559

The Iraqi Economy Supports Arab Economic Cooperation At The Arab Summit

Samir Al-Nusairi   Economy News – Baghdad   One of the most prominent topics on the table of Arab leaders at the Baghdad Summit is joint Arab economic cooperation.

The foundation and important pillar on which Iraq relies in discussing the mechanisms and programs of joint Arab economic cooperation and integration in the current circumstances is the stage of its transition to comprehensive economic reform and advancement and the bet on achieving sustainable development based on economic pillars that the economies of countries rely on,

which build their national economies on their own capabilities and in cooperation and integration with the economies of regional and neighboring countries in strong economic blocs and exploit their common resources and capabilities to form an independent economic pole to confront the risks and changes that occur and sweep the world, and that the Arab countries together may be an important and unified pole of economic and financial energies and resources.

By reviewing and analyzing the Iraqi economy's progress, preliminary indicators, and financial and monetary data for 2024 and the first quarter of 2025, we are expecting a strong and robust economy with GDP growth of 5.3% and an inflation rate of around 2.5% in 2025.

This is based on the availability of foreign exchange reserves exceeding $100 billion, with 163 tons of gold, sufficient for a period of 18 months and a rate of 140% to cover imports, and the local currency in circulation. 

The local currency issued has reached around 100 trillion dinars, and our dinar is recovering and gradually returning to its target exchange rate against the US dollar. Our banks are developing, modernizing, and increasing their capital, contributing to the transition to a rapidly growing national economy and providing a promising investment environment and map that has attracted around $88 billion.

The giant strategic projects planned until 2028 confirm that Iraq is on the verge of a major economic renaissance. It is proceeding steadily in accordance with the government and Central Bank's strategy for reform, development, digital transformation, and compliance with international standards.

The number of Iraqi banks that have banking relationships and accounts in solid international correspondent banks and deal directly with them in foreign transfers has reached approximately 20 banks, and they deal in multiple foreign currencies with several countries.

The Central Bank is making great efforts to qualify, develop and assist other banks to join the twenty banks mentioned above.

With a close eye on the reality of monetary policy implementation and the Central Bank's procedures, its close monitoring of international economic variables and their impact on the Iraqi economy, and its compliance with international standards that enable Iraq to integrate into the global banking system and control the movement and safety of foreign currency trading, the banks' commitment to implementing the new foreign exchange instructions and addressing obstacles promptly has led to a gradual recovery of the Iraqi dinar over the past several weeks, with its purchasing power increasing.

Through our precise knowledge of the Central Bank's monetary policy applications, its coverage of the entire demand for the US dollar in the trading market and through its various official outlets, and its control over the distribution of cash dollars according to a new method praised by the US Treasury and considered a globally advanced method in distributing the US dollar, and the trend towards completing daily transactions with credit cards abroad, decisive understandings were reached with the US Treasury and the US Federal Reserve in In this field.

The next stage will be an evaluation and analysis stage of the achievements made and a re-evaluation of the next stage.

Towards achieving comprehensive economic progress, moving towards activating the real sector, and reducing dependence on oil. As a major source of revenue.

Maintaining stability in the financial and monetary system and achieving important steps to stimulate and enable the banking sector to contribute to investment and development, as stated in paragraph 7 of axis twelve in the government program for reforming the financial and banking sector, because banking reform is the beginning of comprehensive economic reform.

Certainly, the above-mentioned pillars upon which the Iraqi economy is based will ensure that Iraq's economic initiative at the Arab Summit will receive a positive response from the attendees, and we expect it to be approved.  https://economy-news.net/content.php?id=55536

Basra Crude Records A Weekly Loss Of More Than 1%

Energy   Economy News – Baghdad  Basra Heavy and Medium crude oil recorded a weekly loss of more than 1%, as global oil prices gained on the back of a trade truce between Washington and Beijing.

Basra Heavy crude closed the final trading session on Friday, down 75 cents, reaching $60.49 per barrel, recording a weekly loss of 67 cents, or 1.1%.

Basra Medium crude closed down 57 cents, settling at $63.64, with a weekly loss of 67 cents, or 1.04%.

Globally, Brent crude and US West Texas Intermediate crude posted weekly gains of about 1%, supported by a temporary trade agreement between the United States and China to de-escalate the trade war for 90 days, including reciprocal tariff reductions, which boosted global market appetite. https://economy-news.net/content.php?id=55533

The Dollar Price Rose In Baghdad And Stabilized In Erbil As The Stock Exchange Closed At The Beginning Of The Week

Saturday, May 17, 2025, Economic Number of reads: 114  Baghdad/ NINA / The dollar prices rose slightly in Baghdad markets, and stabilized in Erbil Governorate with the closure of the stock exchange at the beginning of the week. The

dollar prices recorded a rise with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 142,450 dinars for $100, while this morning it recorded 142,400 dinars for $100.

Selling prices in exchange shops in local markets in Baghdad witnessed stability, as the selling price reached 143,500 dinars for $100, while the purchase price reached 141,500 for $100.

In Erbil, the dollar recorded stability, as the selling price reached 142,250 dinars for every $100, and the purchase price was 142,100 dinars for $100. https://ninanews.com/Website/News/Details?key=1227514

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