Iraq Economic News And Points To Ponder Tuesday Afternoon 5-27-25

Customs Is About To Recover More Than 17 Billion Dinars From Violating Companies, Projects, And Factories

Tuesday, May 27, 2025 12:37 | Economic Number of reads: 178  Baghdad / NINA / The General Authority of Customs announced, on Tuesday, that it is in the process of recovering more than 17 billion dinars from companies, projects and factories that violate customs exemption controls.

It stated in a statement, "The Customs Exemptions Follow-up Team has begun following up on the legal measures taken against companies, projects and factories and the extent of their compliance with controls and instructions, in cooperation with the Customs Affairs and Tariff Audit Departments and the Exemptions Audit Team formed by Cabinet Resolution No. 27037 of 2023."

It added, "The Customs Exemptions Follow-up Team made surprise visits to (74) projects, including (41) investment projects and (33) industrial development projects within each of the governorates of (Baghdad, Mosul, Kirkuk, Karbala, Babil, Najaf, Basra, Sulaymaniyah, Anbar, and Muthanna)."

She explained that "the team was able to record violations of the controls and instructions for customs exemptions, as a result of which the total amounts that were calculated for the purpose of collecting them from the violating companies amounted to more than (17) billion dinars." / End https://ninanews.com/Website/News/Details?key=1229248

Al-Lami Stresses The Importance Of Activating Diplomacy To Recover Smuggled Funds And Extradite Wanted Persons

Money and Business   Economy News – Baghdad   Federal Integrity Commission Chairman Mohammed Ali al-Lami stressed on Tuesday the importance of activating diplomatic channels to recover smuggled funds and extradite wanted individuals.

During his visit to the Iraqi Embassy in the Hashemite Kingdom of Jordan and meeting with its staff, Chairman of the Federal Integrity Commission, Mohammed Ali Al-Lami, said in a statement seen by Al-Eqtisad News, "The recovery file is important for the Republic of Iraq.

Through it, smuggled funds are returned to the public treasury and used in development projects, as well as the extradition of wanted persons and their referral to the judiciary to receive their just punishment."

 He indicated that "this enhances citizens' confidence in state institutions and makes them more serious about cooperating with oversight agencies to submit complaints and reports."

Al-Lami pointed to "the difficulty of the recovery field and the complex and thorny procedures that confront it internationally and regionally," expressing his "hope that the Embassy of the Republic of Iraq in Amman will provide the necessary support and cooperation to follow up on this file with the authorities in the Hashemite Kingdom of Jordan."

He explained that "States Parties to the United Nations Convention against Corruption must comply with the provisions and articles of the Convention, particularly those contained in Chapter V, which considers asset recovery a fundamental principle of this Convention, and that countries must provide each other with the greatest possible assistance and support in recovering smuggled funds, extraditing wanted persons, and preventing the transfer of proceeds derived from criminal acts."
https://economy-news.net/content.php?id=55905

Al-Sudani Discusses With The British Ambassador Strengthening Economic Partnership And Cooperation In Infrastructure Development.

Prime Minister Mohammed Shia Al-Sudani received the British Ambassador to Iraq, Irfan Siddiq, on Monday. They discussed ways to enhance the economic partnership between the two countries in light of bilateral agreements and understandings.

A statement issued by the Prime Minister's Office stated that the meeting addressed the openness that Iraq is witnessing in the fields of development and infrastructure reconstruction, in addition to expanding the state's capacity to provide services, with an emphasis on opportunities for cooperation between the public and private sectors, and British companies, within various investment activities.

For his part, the British Ambassador expressed his country's government's desire to consolidate cooperation relations with Iraq and work together to enhance stability in the region. https://www.radionawa.com/all-detail.aspx?jimare=41915

When The Central Bank Abandons Its Basic Duties - Hussein Ismail Al-Taie

May 26, 2025   The Central Bank carries out its basic tasks, which are:

-Issuance of local currency

- Creating monetary balance

However, what is observed in Iraq during this period is that the Central Bank is unable to issue the local currency according to the requirements of the local market and monetary circulation.

The reason is that influential parties are printing and issuing counterfeit local currency in India, as is available from circulating information, converting it to dollars and smuggling it to Iran.

This threatens and prevents the Central Bank from carrying out one of its basic tasks, as flooding the local market with original and counterfeit local currency will result, firstly, in an increase in the monetary mass of the local currency and a decrease in its real value against foreign currency.

Secondly, it will lead to the smuggling of dollars to Iran for the purpose of helping it activate its economic activities in the international trade market.

The result of this process is the inability of the Central Bank to perform its second task, which is to create a balance between the original and counterfeit local currency offered for circulation in the local market and the available foreign currency. This will lead to a decline in the real strength of the local currency.

Therefore, the financial and economic authorities are paralyzed and unable to perform their basic duties in leading the country's economic activity.   Professor of International Finance  LINK

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

Iraq Economic News And Points To Ponder Tuesday Morning 5-27-25

The Weaker Position"... Expert: Iraq Faces Economic And Energy Challenges Until 2028
 
Time: 2025/05/25 Read: 1,650 times   {Economic: Al Furat News} Oil expert Furat al-Moussawi warned that  Iraq's economic and energy challenges will continue until 2028,  attributing this to the country's
     near-total reliance on a rentier economy and the
     lack of radical strategic solutions to date.
 
During his appearance on the program "Free Talk" on Al Furat TV, Al-Moussawi said, 
"Iraq still suffers from a single-source rentier economy that is out of step with global market developments, and  this has caused significant harm to the national economy."

He pointed out that  "all current projects rely on oil revenues without any real diversification in the productive sectors."

He added,  "The country is currently exporting approximately 3.4 million barrels per day, 200,000 barrels more than the limit permitted under the OPEC agreement.
 
This has alarmed the organization and prompted some countries, led by Saudi Arabia,
to seek to reclaim their market share."

Al-Moussawi pointed out that "the price of a barrel of oil approved in the three-year budget is $70,
which poses a major challenge in light of market fluctuations,
while the budget will not regain balance unless the price of a barrel reaches at least $55."

He emphasized that  "Iraq does not yet have a sovereign wealth fund, which increases the fragility of its financial situation."
 
In the energy sector, Al-Moussawi explained that 
"gas investment is still contingent on increasing oil production,
which limits development potential."

He added that  "the Karbala refinery has not yet been completed, as has an investment project in Al-Faw,  at a time when the country does not have enough refineries to qualify it for regional competition."

He continued,  "The only clear project currently is the agreement with Total, Qatar Energy, and Basra Oil, which includes four strategic projects, including
     exploiting seawater for oil fields,
     producing the first 100 megawatts of solar energy, and
     investing in four gas fields."

 He pointed out that  "the government realizes that the current strategy is ineffective, as
evidenced by the lack of effective investments and radical solutions to the energy crisis,"
warning of "the difficulty of achieving gas self-sufficiency before 2028."

Al-Moussawi emphasized that  "geopolitical turmoil, including the Russia-Ukraine war and sanctions on Iran and other countries,  has contributed to oil price volatility, prompting OPEC to emphasize its study of market developments before making any decision to increase production."

The oil expert concluded by saying, "Iraq remains in the weakest position among oil-producing countries due to  its complete dependence on oil revenues, lacking any real tools to ensure long-term economic stability." 
  
https://alforatnews.iq/news/الموقف-الأضعف-خبير-العراق-يواجه-تحديات-اقتصادية-وفي-الطاقة-حتى-2028  

The Iraqi Stock Exchange Traded Shares Worth 6 Billion Dinars In One Week

Stock Exchange   Economy News – Baghdad  The Iraq Stock Exchange announced on Monday that shares worth more than 6 billion dinars were traded last week.

The market stated in a report reviewed by Al-Eqtisad News that "the number of companies whose shares were traded last week reached 63 joint-stock companies, while the shares of 33 companies were not traded due to the failure of buy and sell orders to match prices, while 8 companies remain suspended due to failure to provide disclosure, out of 104 companies listed on the market."

He added that "the number of traded shares reached 3 billion, 792 million, and 400 thousand shares, an increase of 76.76% compared to the previous week, with a financial value of 6 billion, 388 million, and 419 thousand dinars, an increase of 1.71% compared to the previous week, through the execution of 2,208 transactions."

The market indicated that "the ISX60 index closed at 898.41 points, recording a 1.62% decrease from its closing price in the previous session," noting that "the number of shares purchased by non-Iraqi investors last week amounted to 73 million shares, with a financial value of 294 million dinars, through the implementation of 64 transactions."

The number of shares sold by non-Iraqi investors amounted to 41 million shares, with a financial value of 187 million dinars, through the implementation of 49 transactions.

It's worth noting that the Iraq Stock Exchange holds five trading sessions per week, from Sunday to Thursday, and lists 104 Iraqi joint-stock companies representing the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels, and services sectors. https://economy-news.net/content.php?id=55860

Globally, Oil Prices Rise To $61.73 Per Barrel
Economy | 05/26/2025  Mawazine News - Follow-up: Oil prices rose today after Washington extended the deadline for trade talks with the European Union, easing concerns about tariffs on the bloc that could harm the global economy.

US West Texas Intermediate (WTI) crude futures for July delivery rose 0.32% to $61.73 a barrel,
while global Brent crude futures for the same month rose 0.34% to $65.01 a barrel.

US President Donald Trump announced his agreement to extend the trade negotiations with the European Union until July 9, after European Commission President Ursula von der Leyen confirmed that the EU needs more time to reach an agreement. https://www.mawazin.net/Details.aspx?jimare=261915

The Dollar Exchange Rate Fell In Iraq

Economy | 05/26/2025  Mawazine News - Baghdad -  The exchange rate of the US dollar against the Iraqi dinar witnessed a significant decline today, Monday.

The selling price of the dollar in the local markets in Baghdad today reached 142,000, while the buying price reached 141,000. The selling price of the dollar in Erbil reached 142,000 and the buying price: 141,600.  Finally, in Basra, the selling price reached 142,000 and the buying price: 141,500. https://www.mawazin.net/Details.aspx?jimare=261921

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 5-27-25

Good Morning Dinar Recaps,

BITGET LAUNCHES BGUSD — A 4% YIELD-BEARING STABLE ASSET BACKED BY REAL-WORLD ASSETS

Bitget is diving into the red-hot real-world asset (RWA) sector with a new crypto product — BGUSD, a yield-bearing stable asset offering 4% APY, paid daily.

What Is BGUSD?

🔹 BGUSD is not your average stablecoin — Bitget CEO Gracy Chen calls it a “yield-bearing stable asset certificate.”

🔹 It offers 4% annual yield, credited daily to users’ spot wallets.

🔹 Subscriptions are available via USDC or USDT, and BGUSD is redeemable back to USDC on demand.

🔹 Yield is generated through a basket of tokenized real-world assets like U.S. Treasury bills and high-grade money-market funds.

How It Works

Bitget partners with regulated tokenization platforms like Superstate to manage its asset reserves.

🛡️ Liquidity: Bitget directly manages the reserve pool and maintains on-hand USDC to guarantee redemptions.

📑 Transparency: Bitget will implement third-party attestations and audits soon, though its institutional partners already follow strict regulatory oversight.

“Transparency and accountability are core principles of BGUSD’s framework.” — Gracy Chen, CEO, Bitget

No Stablecoin, No Security — A New Category?

Bitget says BGUSD is not a stablecoin or a security, and therefore isn’t subject to traditional licensing requirements.

“It’s structured as a yield-bearing stable asset certificate exclusive to the Bitget platform.” — Chen

🌍 Availability: Access will be restricted in jurisdictions with digital asset regulations.

Why It Matters

The launch comes as yield-bearing stablecoins explode, growing from $1.5B in January to $11B in May, now comprising 4.5% of the stablecoin market.

📈 Regulatory tailwinds from the Trump administration are pushing growth:

• SEC approved the first U.S. yield-bearing stablecoin by Figure Markets (Feb 2025)

• Legislative support includes the STABLE Act and the GENIUS Act

Bottom Line

With BGUSD, Bitget enters the fast-growing RWA + stablecoin arena — offering a product that merges crypto convenience with traditional finance yield.

@ Newshounds News™
Source: Cointelegraph   

~~~~~~~~~

JP MORGAN DOWNGRADES U.S. DOLLAR — SAYS BRICS GIANTS CHINA & INDIA ARE ASCENDING

JP Morgan is shifting gears—cutting its outlook on the U.S. dollar while turning bullish on emerging markets, particularly BRICS powerhouses China and India.

Dollar Weakness Opens Door for BRICS Surge

According to JP Morgan’s latest research note, the U.S. dollar could remain soft throughout 2025, and that may be the catalyst for a major capital shift into BRICS markets.

📉 The DXY Index has slid into the 98 range, struggling to hold above key resistance levels near 100.

“USD could stay soft this year, which would help EM assets (BRICS),” the report stated.
“EM historically traded inversely to the dollar. The big question: Is the 15-year EM downtrend finally reversing?”

Spotlight on China, India, and Brazil

JP Morgan highlighted China, India, and Brazil as top picks within the emerging market space.

“Within EM, we think (BRICS members) China could be of interest… as well as India and Brazil.”

The CSI index and H-shares are seen as poised for a catch-up rally, with institutional and hedge fund flows already shifting into these markets.

U.S. Policy Risks Amplify Dollar Headwinds

JP Morgan cautioned that U.S. fiscal uncertainty may worsen dollar weakness:

“US bond yields may rise short-term—fueled by potential aggressive tax cuts, rising deficits, and inflationary tariffs—but that backdrop could actually accelerate EM strength.”

The combination of slowing dollar momentum, global investment inflows, and rising geopolitical autonomy in BRICS may lead to a broader de-dollarization trend in the global economy.

Why It Matters

🌍 As the dollar stumbles, BRICS nations could emerge as investment darlings, with massive implications for:

• Global FX reserves

• Commodities pricing

• Crypto flows into BRICS-aligned regions

Bottom Line

JP Morgan is betting on the rise of the East. With the dollar losing steam, BRICS nations may finally flip the global economic script — and investors are already moving capital accordingly.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Tuesday Morning 5-27-2025

TNT:

Tishwash:  Iraq: April oil revenues are only enough to cover salaries

Economic expert Nabil Al-Marsoumi confirmed on Tuesday that Iraq's oil revenues for last April were only sufficient to cover salaries and expenses of oil licensing companies.

Al-Marsoumi said in a post on social media that "the decline in Iraqi oil exports and the drop in crude oil prices from $72.5 in March to $66.7 per barrel last April led to a drop in oil revenues from $7.716 billion to $6.738 billion, a decrease of 15%."

The Iraqi Ministry of Oil revealed its statistics on crude oil exports and revenues for the month of April on Monday .

The ministry stated in a statement received by Shafaq News Agency that the total oil exports and revenues achieved for last April, according to the final statistics issued by the State Oil Marketing Organization (SOMO), amounted to 100 million, 953 thousand, and 282 barrels, with revenues amounting to six billion, 738 million, and 309 thousand dollars .

She pointed out that the total quantities of crude oil exported last month from oil fields in central and southern Iraq amounted to 99,752,879 barrels, while exports from the Qayyarah field in Nineveh Governorate amounted to 900,584 barrels, while the quantity of exports to Jordan amounted to 299,819 barrels link

Tishwash:  After the Eid holiday, Parliament prepares for extraordinary sessions, and the final legislation will begin on July 9. 

MP Raed al-Maliki confirmed on Monday (May 26, 2025) that the House of Representatives is preparing to hold a number of extraordinary sessions after the Eid al-Adha holiday to pass some important laws.

In a statement received by Baghdad Today, al-Maliki said, "In our last meeting with the Speaker of Parliament, he explained that there is no point in extending the legislative session during the month of May due to disagreements within the Coordination Framework forces regarding some issues, including amending the elections law." 

He added, "Therefore, the Council Presidency's intention was to utilize the time following the Eid holiday by holding extraordinary sessions, leading up to July 9, the date for the start of the Council's final legislative term." 

He pointed out that they "pushed parliament to hold extraordinary sessions to complete the second reading of some laws and vote on them, along with other laws," noting that they "will resort to using popular pressure on parliament to complete important laws." 

According to Al-Maliki, the laws up for vote include:

_ Amendment to the Ministry of Education Law

_ Budget tables

_ Code of Sharia Rulings on Personal Status Matters

_ Service law for members of the Popular Mobilization Forces

_ Amendment to the Radiation Control Law

_ Lawyers' Law

_ Programmers Syndicate Law

_ Reading the amendment to the Law of the Union of Jurists

_ Amending the Internal Security Forces Law

_ Amendment to the Prisoners' Law

_ Paramedic Protection Bill and other laws   link

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

Tishwash: A word of truth for a man who has a right.. Al-Sudani leads a regional and international movement to strengthen international relations.

Since assuming office, Iraqi Prime Minister Mohammed Shia al-Sudani has led an active diplomatic effort at the regional and international levels. This effort aims to restore Iraq's relations with its Arab and international surroundings and build a new, positive image for the country, within the framework of a foreign policy based on balance, openness, and constructive dialogue.

Since assuming office in late 2022, Al-Sudani has been keen to make diplomacy one of his most prominent tools in supporting the national economy. This is achieved by attracting foreign investment, expanding cooperation with various countries around the world, activating economic and trade partnerships, and raising the level of Iraq's representation in international forums.

Al-Sudani's movements included official visits to several important capitals, including Washington, Tehran, Riyadh, Ankara, Abu Dhabi, Paris, and Berlin, during which he held high-level talks with heads of state and senior officials, resulting in understandings and agreements in the fields of energy, transportation, security, education, and investment.

Indeed, Al-Sudani realizes that Iraq's restoration of its regional and international standing cannot be achieved without changing the stereotypical image that has been entrenched about the country over the past decades. He is therefore working diligently to strengthen Iraq's presence at international conferences, affirm its commitment to international conventions and the principles of good neighborliness, and seek to resolve disputes through peaceful means.

In this context, Iraq participated in important international conferences and initiatives related to climate, food security, combating corruption, and countering terrorism. The Prime Minister had a notable presence at these conferences, delivering several speeches that affirmed Iraq's commitment to its role as a responsible regional actor, striving for stability and shared development.

Among the priorities of the Sudanese-led diplomatic effort are supporting the Iraqi economy by opening up to new markets, attracting capital and investments, and opening the door to bilateral cooperation in the fields of technology, energy, and infrastructure.

The Sudanese president has announced on more than one occasion that Iraq welcomes foreign companies wishing to invest, emphasizing the provision of a safe and stimulating environment, and encouraging the private sector to enter into strategic partnerships with its counterparts in friendly countries. 

In addition to the economic dimension, Al-Sudani did not overlook the importance of Iraq's role in calming regional tensions, as Baghdad has played a mediating role in a number of issues, including the Saudi-Iranian dialogue and security coordination with neighboring countries to confront the challenges of terrorism and limit drug and weapons smuggling.

 The man also worked to raise the level of Iraq's representation in international organizations and bodies, by nominating competent figures to fill important positions, and actively participating in sessions of the United Nations, the League of Arab States, the Organization of Islamic Cooperation, and others, with the aim of conveying Iraq's voice and defending its interests.

In this report, we are not seeking to create media propaganda, as much as we want to emphasize the principle of "give each his due," a principle we are keen to apply with everyone, including entities or figures with whom we disagree or differ. It is a word of truth about a man who has rights. link

Mot: . Yeppers!! --- More Wisdom frum the Internet...

Mot:  . ole ""Mots"" tidbits of Knowledge continues!!!

Your Debt is about to Get a lot More Expensive

Your Debt is about to Get a lot More Expensive

Heresy Financial:  5-27-2025

The financial landscape is shifting, and according to Heresy Financial, if you have debt, you need to pay attention. A confluence of factors is pointing towards a significant spike in interest rates, impacting everything from mortgages to national borrowing. Understanding these forces is crucial for both borrowers and investors alike.

The 10-year Treasury yield serves as a crucial benchmark for various interest rates, particularly mortgages. It reflects the market’s expectation of future inflation and economic growth. As the 10-year yield rises, so too will the cost of borrowing. This correlation is particularly evident in the mortgage market, where rates often track Treasury benchmarks closely.

Heresy Financial points to a worrying trend of rising rates coupled with increasing volatility in the bond market. This signifies uncertainty and anxiety about the future, driving investors to demand higher returns for lending their money. This, in turn, translates into higher borrowing costs for everyone.

The bond market is driven by the interplay of sellers and buyers. When demand for bonds is high, prices rise, and yields (interest rates) fall. However, if sellers dominate, bond prices fall, and yields rise. Currently, the market seems to be shifting towards a seller-dominated environment, putting upward pressure on interest rates.

The analysis suggests a “breakout” scenario for interest rates, implying a significant and sustained increase. This is a stark warning for borrowers, as higher interest payments can quickly strain budgets and erode financial stability.

A major contributing factor to the rising rate environment is the exploding national debt. The government needs to borrow vast sums of money to finance its spending, increasing the supply of bonds in the market. This increased supply dilutes demand and pushes yields higher.

The question posed is critical: Would you lend money to an entity with a rapidly growing debt pile? As the national debt balloons, investors become increasingly wary of the government’s ability to repay its obligations, demanding higher interest rates as compensation for the perceived risk.

We’ve enjoyed a long period of low interest rates, but the debt cycle is showing signs of reversing. This means the era of cheap borrowing is coming to an end, and individuals, businesses, and the government will face higher financing costs.

Heresy Financial draws parallels between the current Federal Reserve strategy and that of the 1970s. Just as then, the Fed is attempting to combat inflation, but the effectiveness of their tools is debatable, and the potential for unintended consequences is a real concern.

The idea of “growing out of the debt” through increased economic output is often floated as a solution. However, the analysis challenges this notion, highlighting flaws in the growth plan and questioning whether the economic growth generated is sustainable or even sufficient to offset the debt burden.

One of the factors hindering economic growth is overregulation. Excessive and burdensome regulations can stifle innovation, discourage investment, and ultimately slow down economic activity, making it harder to “grow out” of the debt.

The core issue is unsustainable government spending. Meaningful change requires a fundamental shift towards fiscal responsibility, prioritizing balanced budgets and debt reduction.

The article expresses skepticism that the next administration, regardless of political affiliation, will effectively address the debt crisis. The challenges are immense, and the political will to make the necessary tough choices may be lacking.

For investors, this changing landscape means bracing for volatility. Rising interest rates can negatively impact bond prices, and the overall economic uncertainty can weigh on stock markets. Diversification and a focus on long-term investment strategies are crucial in navigating these turbulent times.

The message is clear: the era of cheap debt is fading. Rising interest rates, driven by ballooning national debt and evolving market dynamics, are poised to impact everyone. Now is the time to understand these forces, adjust your financial strategies, and prepare for a more expensive borrowing environment. For investors, vigilance and a well-diversified portfolio are key to weathering the potential storm.

https://youtu.be/y5ULkJmU_18

Seeds of Wisdom RV and Economic Updates Monday Evening 5-26-25

Good Evening Dinar Recaps,

MORGAN STANLEY PREDICTS 10% DROP IN US DOLLAR — SEES BOOST FOR RISK ASSETS AND S&P 500

Morgan Stanley has issued a bold mid-year forecast: the U.S. dollar is headed for a major decline, which could act as a tailwind for equities, crypto, and other risk-on assets.

CIO Mike Wilson: “Dollar to Fall Another 10% Into 2026”

In an interview with Bloomberg Television, Chief Investment Officer Mike Wilson said:

“Our forecast for the dollar… is for another 10% decline, continuing into next year. That’s another reason the S&P 500 will be hard-pressed to correct more than 10%.”

The call is based largely on Morgan Stanley’s projection of 175 basis points in Fed rate cuts over the next year.

📉 If realized, this would deepen pressure on the greenback and stimulate broader asset markets.

Even with Fewer Rate Cuts, Dollar Still Going Down

Wilson emphasized that even if the Fed doesn’t cut rates as aggressively:

“The direction of travel is still south for the dollar… particularly against the yen, euro, and pound — economies with less room to cut in a slowdown.”

This shift could:

• Weaken the dollar globally

• Make U.S. exports more competitive

• Push investors toward commodities, stocks, and crypto

Why This Matters for Investors

A falling U.S. dollar tends to:

• Support higher stock prices (especially in large caps and tech)

• Provide upside to Bitcoin, XRP, and other crypto assets

• Drive flows into emerging markets and commodities

With dollar strength waning, traders and institutions may rotate heavily into risk-on trades to front-run 2026 macro shifts.

Bottom Line

Morgan Stanley’s call is clear: rate cuts are coming, the dollar is weakening, and risk assets are positioned to benefit.

As the greenback loses steam, expect crypto and equities to surge — especially if the Fed confirms the pivot in coming months.

@ Newshounds News™
Source:  Daily Hodl

~~~~~~~~~

FLORIDA TO SCRAP CAPITAL GAINS TAX ON BITCOIN, XRP, AND STOCKS — A GAME-CHANGER FOR CRYPTO IN AMERICA

In a bold move that could reshape U.S. crypto policy, Florida has introduced legislation to eliminate state capital gains tax on Bitcoin, XRP, and traditional stocks, sending bullish signals across the markets.

State-Level Tax Break Could Supercharge Crypto Adoption

Backed by Governor Ron DeSantis and Florida’s GOP leadership, the bill would:

• Remove capital gains tax at the state level for profits from crypto and stock investments

• Increase investor returns, making Florida more attractive to crypto traders and fintech firms

• Position the state as a potential crypto capital of the U.S.

🔸 Federal capital gains tax still applies — only Congress can change that.

Markets React: BTC and XRP Climb

In the 24 hours following the announcement:

• Bitcoin (BTC) rose 2.4%, trading near $109,835

• XRP jumped 2.2% to $2.34

📊 Growth Trends:

Asset 30-Day 3-Month

BTC +16.55% +19.6%

XRP +5.42% +2.71%

Some analysts predict Bitcoin could hit $135,000 if this momentum continues.

In Sync With Trump’s National Pro-Crypto Push

This legislation mirrors President Trump’s federal crypto agenda:

• Advocates pro-blockchain policies

• Has support across 27 Republican-led states

• Could inspire a wave of similar tax reform bills

Mixed Public Response

Supporters say:

• Could make Florida the #1 crypto-friendly state

• Will attract VCs, builders, and high-net-worth investors

Critics argue:

• Might complicate filings and cause clashes with federal tax rules

• Risks regulatory confusion across state-federal lines

hy It Matters: This Could Spark Nationwide Crypto Tax Reform

If Florida’s bill passes:

• Other GOP-led states may follow suit

• Federal lawmakers may face increased pressure to modernize crypto tax policy

• Could create a more unified, investor-friendly U.S. crypto landscape

Bottom Line

Florida isn’t just tweaking its tax code—it may be igniting the next phase of U.S. crypto regulation. Whether you’re holding BTC, XRP, or just watching the policy tide, this bill deserves your full attention. 

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

2008 on Steroids: Global Financial Reset, Millions of Retirements at Risk

2008 on Steroids: Global Financial Reset, Millions of Retirements at Risk

Daniela Cambone:  5-26-2025

"What’s coming up is gonna destroy millions—tens of millions—of retirees’ retirements if they are not careful,” warns Chris Vermeulen, founder and chief investment officer at TheTechnicalTraders.com.

In an interview with Daniela Cambone, he lays out a highly bearish outlook for financial markets, forecasting a severe economic downturn that he believes could rival or surpass the 2008 financial crisis.

“To me, it looks like a stage four, which is a financial reset—kind of like the tech bubble, the 2008 financial crisis."

Vermeulen predicts the S&P 500 could decline by as much as 47–55%, echoing the scale of past collapses. He also sees gold as a critical indicator of systemic risk and growing investor fear.

 "We're seeing a big movement into gold because you're getting out of the financial system. You're holding physical assets." Watch the full video to learn how you can better protect your portfolio.

Chapters:

 00:00 A reset will occur in all asset classes

2:19 Gold is the prophet

4:22 S&P will fall 40%

5:32 Will the housing market collapse?

8:10 Cash is the safest place

11:37 Gold's super cycle

17:32 34% pullback in gold

 22:49 Not enough supply for gold

https://www.youtube.com/watch?v=tP7P3VDDnKU

Iraq Economic News And Points To Ponder Monday Afternoon 5-26-25

Al-Sudani Chairs A Meeting Of The Supreme Committee For The Re-Evaluation And Re-Formation Of The Boards Of Directors Of State Banks

Monday, May 26, 2025 | Politics Number of reads: 204  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Monday of the Higher Committee for the Re-Evaluation and Re-Formation of the Boards of Directors of Government Banks and the Central Bank of Iraq.

The Prime Minister's Media Office stated: "The meeting approved a set of recommendations, and discussions took place on the topics included in the committee's agenda, which focused on evaluating the performance of the boards of directors of government banks and the Central Bank, as part of reform efforts in the banking and financial sector, and emphasizing the effectiveness of boards of directors, as they constitute a fundamental pillar in the financial and banking reform process."

Al-Sudani stressed the importance of boards of directors taking the initiative in developing strategies and visions that guide the work of government banks, and enhancing the principle of transparency and accountability within them, and the need for these boards to evaluate the challenges and financial risks facing banks, in addition to the importance of strengthening relations with various government agencies and the private sector, which contributes to the implementation of financial and development policies that support the local economy. /End N https://ninanews.com/Website/News/Details?key=1229134

Al-Sudani Directs The Ministry Of Finance To Prepare Budget Tables For Approval

Money and Business  Economy News – Baghdad  The Finance Committee of the House of Representatives revealed on Monday that Prime Minister Mohammed Shia al-Sudani has directed the Ministry of Finance to prepare budget tables in preparation for its approval.

Committee member Moeen Al-Kazemi said, "Last week, Al-Sudani directed the Ministry of Finance to prepare the 2025 budget tables in preparation for its approval by the Council and its submission to Parliament."

Al-Kadhimi added, "The Ministry of Finance prepared the investment side of the budget months ago, amounting to 25 trillion dinars. The Ministry of Finance is currently expected to complete the operational side of the budget, estimated at approximately 115 trillion dinars."

He explained that "the budget tables amount to 140 trillion dinars, which will be sufficient to run the state during the remaining months of the year, including salaries for employees and retirees, social welfare, other aspects, oil extraction costs, and ongoing investment projects."

The Finance Committee member continued: "It has become imperative for the Ministry of Finance to prepare the budget tables, approve them in the Council of Ministers, and submit them to the House of Representatives next June."  https://economy-news.net/content.php?id=55862

Al-Sudani: Bank Boards Of Directors And The Central Bank Are A Fundamental Pillar Of Financial And Banking Reform

Banks  Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani affirmed on Monday the effectiveness of the boards of directors of government banks and the Central Bank of Iraq, noting that they constitute a fundamental pillar in the financial and banking reform process.

The Prime Minister's media office stated in a statement, seen by Al-Eqtisad News, that "Prime Minister Mohammed Shia al-Sudani chaired the meeting of the Higher Committee for the Re-evaluation and Re-formation of the Boards of Directors of Government Banks and the Central Bank of Iraq."

The statement added that "the meeting approved a set of recommendations, and discussions took place on the topics on the committee's agenda, which focused on evaluating the performance of the boards of directors of government banks and the Central Bank as part of reform efforts in the banking and financial sector, and emphasizing the effectiveness of the boards of directors, as they constitute a fundamental pillar in the financial and banking reform process."

According to the statement, Al-Sudani stressed "the importance of boards of directors taking the lead in developing strategies and visions that guide the work of government banks, and promoting the principles of transparency and accountability within them.

He also stressed the need for these boards to assess the financial challenges and risks facing banks, in addition to the importance of strengthening relations with various government agencies and the private sector, which would contribute to the implementation of financial and development policies that support the local economy."
https://economy-news.net/content.php?id=55864

Al-Sudani: Bank Boards Of Directors And The Central Bank Are A Fundamental Pillar Of Financial And Banking Reform

Banks  Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani affirmed on Monday the effectiveness of the boards of directors of government banks and the Central Bank of Iraq, noting that they constitute a fundamental pillar in the financial and banking reform process.

The Prime Minister's media office stated in a statement, seen by Al-Eqtisad News, that "Prime Minister Mohammed Shia al-Sudani chaired the meeting of the Higher Committee for the Re-evaluation and Re-formation of the Boards of Directors of Government Banks and the Central Bank of Iraq."

The statement added that "the meeting approved a set of recommendations, and discussions took place on the topics on the committee's agenda, which focused on evaluating the performance of the boards of directors of government banks and the Central Bank as part of reform efforts in the banking and financial sector, and emphasizing the effectiveness of the boards of directors, as they constitute a fundamental pillar in the financial and banking reform process."

According to the statement, Al-Sudani stressed "the importance of boards of directors taking the lead in developing strategies and visions that guide the work of government banks, and promoting the principles of transparency and accountability within them. He also stressed the need for these boards to assess the financial challenges and risks facing banks, in addition to the importance of strengthening relations with various government agencies and the private sector, which would contribute to the implementation of financial and development policies that support the local economy."
https://economy-news.net/content.php?id=55864

In Support Of The Local Economy, Al-Sudani Calls For Strengthening The Principle Of "Transparency" Within Government Banks

Economy | 03:59 - 05/26/2025  Mawazine News – Baghdad  Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Monday of the Higher Committee for the Re-Evaluation and Re-Formation of the Boards of Directors of Government Banks and the Central Bank of Iraq.

A statement from Al-Sudani's office received by Mawazine News stated that "the meeting approved a set of recommendations, and discussions took place on the topics on the committee's agenda, which focused on evaluating the performance of the boards of directors of government banks and the Central Bank, as part of reform efforts in the banking and financial sector, and emphasizing the effectiveness of boards of directors, as they constitute a fundamental pillar in the financial and banking reform process."

He stressed "the importance of boards of directors taking the lead in developing strategies and visions that guide the work of government banks, and enhancing the principle of transparency and accountability within them.

 He also stressed the need for these boards to assess the financial challenges and risks facing banks, in addition to the importance of strengthening relations with various government agencies and the private sector, which contributes to the implementation of financial and development policies that support the local economy."   https://www.mawazin.net/Details.aspx?jimare=261927

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

Bessent Sends a Global Warning, US Currency Crash Begins, and Dire Debt Sell-off Ahead

Bessent Sends a Global Warning, US Currency Crash Begins, and Dire Debt Sell-off Ahead

Sean Foo:  5-25-2025

A cloud of uncertainty hangs over the US economy following a controversial interview with Treasury Secretary Scott Bessent, fueling fears about the future of the dollar and the nation’s financial stability.

 Bessent’s remarks, coupled with the looming possibility of a massive government investment in an ambitious missile defense system, have sent ripples of unease through financial markets.

In a startling revelation during the interview, Secretary Bessent downplayed the potential consequences of a significant USD devaluation. When pressed about the impact on global markets and American citizens, he reportedly stated that such a scenario was “acceptable” and that he held no significant concerns over the potential collapse of US bonds.

These statements have been met with swift condemnation from economists and market analysts. Critics argue that a substantial devaluation of the dollar could trigger runaway inflation, erode purchasing power for American consumers, and destabilize international trade.

The lack of apparent concern regarding US bonds, long considered a safe haven asset, raises serious questions about the Treasury’s long-term economic strategy.

Adding fuel to the fire is the impending debate over funding the “Golden Dome Missile Defense Shield,” a proposed initiative that could cost upwards of a trillion dollars.

The project, characterized by some as a “wild idea,” aims to create a comprehensive, technologically advanced missile defense system covering the entire United States.

While proponents argue that the Golden Dome is crucial for national security in an increasingly volatile world, critics contend that it’s a fiscally irresponsible project that will further burden the already strained US economy.

They question the effectiveness of such a large-scale system and argue that the resources could be better allocated to addressing pressing domestic issues like infrastructure and healthcare.

The coming weeks and months will be critical as Congress debates the Golden Dome proposal and analysts closely scrutinize the Treasury’s monetary policy. The future of the dollar and the stability of the US economy hang in the balance.

It remains to be seen whether Secretary Bessent’s seemingly nonchalant attitude towards devaluation will be vindicated, or whether it will prove to be a costly gamble with the economic wellbeing of the nation. Investors and citizens alike will be watching closely, hoping for clarity and a responsible path forward.

https://youtu.be/-eVYcmWMaNU

Iraq Economic News And Points To Ponder Monday Morning 5-26-25

No Seriousness In Limiting The Acquisition Of Dollar Remittances." Parliamentary Action Against The National Bank.
 
Economy     2025-05-24 | 05:05  2,466 views   Alsumaria News – Local  revealed The Parliamentary Finance Committee on Saturday that the  Central Bank of Iraq is not serious about curbing foreign banks' control of including Al-Ahly Bank. dollar remittances, member Finance Committee Hussein Mounes told Sumaria News, "The Iraqi banking system was founded on a very flawed foundation, as
banks are integrated exchanges and therefore do not meet any international standards that qualify them to be correspondent banks."

He explained that  "the Central Bank was not keen on upgrading these banks in order to raise their classification so that they would be qualified to deal with international banks." 

He added,  "The Central Bank resorted to easy solutions, as usual, and did not pursue real strategic solutions, 
such as resorting to regional and foreign banks and
relying on them as they are classified in the currency auction and remittances." He explained that
 
"the Central Bank undertook four rounds of reforms that did not achieve any tangible results in raising the status of our local banks.

Rather, the international sanctions on our banks increased due to the Central Bank's mismanagement." 

He stated that  "the Finance Committee sought to amend the banking law in the hope that Iraqi banks would have a percentage or share with foreign banks operating in Iraq,
in order to raise their efficiency and share in the profits or interest and to present the names of these banks internationally,  but the Central Bank did not respond to the proposals to amend the law."

He explained that  "foreign banks publish their profits on their official pages,  
but there are other invisible profits that come from taking advantage of the exchange rate difference,
which are side transactions that do not appear in the final accounts of banks as financial institutions." 

He explained that  "the committee called for limiting the benefits these banks receive,
but we have not seen any seriousness from the Central Bank in resolving this issue," stressing the
 
"need for a real roadmap to reform the banking system and classify our local banks."  He explained that
 
"the number of banks that control the currency sales and remittance window is five,
the most prominent of which is Al-Ahly, in addition to Kuwaiti and Emirati banks, and
there are Turkish banks that will enter the market soon."      
https://www.alsumaria.tv/news/economy/527389/لا-جدية-للحد-من-الاستحواذ-على-حوالات-الدولار-تحرك-برلماني-تجاه-المصرف    

Joint Statement Of The Central Bank Of Iraq And The Central Bank Of Tunisia
 
May 25, 2025    In the context of strengthening bilateral relations and consolidating cooperation between the Republic of Iraq and the Republic of Tunisia,
 
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,
met in the Iraqi capital, Baghdad,with His Excellency the Governor of the Central Bank of Tunisia, Mr. Fathi Zuhair Al-Nouri,  on the sidelines of the conference:
 
    “Iraq’s National Strategy for Financial Inclusion 2025-2029: Vision and Diagnosis,” 
organized by the Central Bank of Iraq.

    During the meeting, a memorandum of cooperation and coordination was signed between the Central Bank of Iraq and the Central Bank of Tunisia,
 
expressing both sides' commitment to
 
     developing joint frameworks and
     consolidating the principles of banking integration,
 
in light of the development of economic relations between the two brotherly countries.
 
    The memorandum stipulates enhancing cooperation in several areas, most notably:
 
    • Banking supervision and risk management in line with international standards.
    • Enhancing and expanding the use of electronic payment systems with the aim of supporting financial inclusion.
    • Supervising payment systems and exchanging expertise on developing their technical infrastructure.
    • Exchange of information and expertise in the areas of financial innovation, cybersecurity, and combating money laundering and terrorist financing.
 
    This visit provided an opportunity for both parties to discuss financial issues of mutual interest and explore opportunities for joint cooperation in developing the banking sector's infrastructure,
 
particularly with regard to modernizing and developing electronic payment systems and financial services.
 
This reflects both sides' commitment to
strengthening channels of dialogue and
technical and regulatory cooperation with their counterparts
in the region, the Arab world, and internationally.
 
    Through this partnership, the two sides affirmed their continued efforts to
 
      keep pace with developments in international banking and
     build strategic cooperative relations that contribute to
     achieving financial stability and
     supporting economic growth between the two brotherly countries.    
https://cbi.iq/news/view/2900 

Advisor To The Prime Minister: Providing Small Loans Provides Employment Opportunities Of No Less Than 60%
 
Economy     May 23, 2025, 11:39  Baghdad - INA - Amna Al-Salami  Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Friday, that  providing small loans absorbs and provides employment opportunities of no less than 60%.

He explained that the loans expand the activity of small businesses and increase their contribution to the country's gross domestic product.
 
Advisor to the Prime Minister, Mazhar Mohammed Salih, told the Iraqi News Agency (INA):
 
"Within the framework of administrative reform and combating bureaucracy, which are principles of the government's approach, the factor of
 
simplifying procedures is the first priority in maximizing resource management and economic activity to achieve promising sustainable development in accordance with our country's development goals." He added,
 
"Prime Minister Mohammed Shia al-Sudani's directive to simplify microfinance grants undoubtedly carries significant benefits at both the individual and economic levels, as
 
many microfinance programs target marginalized or emerging groups, such as women and housewives, contributing to their integration into the economy." Saleh explained that
 
"these loans are highly effective financial levers for employment and mobilizing labor market actors, as 

they facilitate the start-up of private projects for young people and skilled craftsmen and women, opening the door to entrepreneurship."

 He noted that they "help generate a stable source of income for individuals and their families, and reduce poverty and unemployment rates by empowering individuals economically.
 
Therefore, these microfinance loans are a cornerstone of the financial inclusion policy and one of its goals of eliminating unemployment and achieving development and income equality as much as possible."

He explained that "loans 

     play a significant role in employment policy and 

     affect the balance of the labor market, by 

     absorbing and providing employment opportunities that constitute no less than 60% of available job opportunities, not to mention their role in 

     raising growth rates in the gross domestic product," noting that
 
"they play a role in expanding the activity of small enterprises, which increases their contribution to the country's gross domestic product."      https://www.ina.iq/234862--60.html    

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

Seeds of Wisdom RV and Economic Updates Monday Morning 5-26-25

Good Morning Dinar Recaps,

PETER SCHIFF WARNS TRUMP’S ‘BIG, BEAUTIFUL BILL’ WILL TRIGGER ECONOMIC COLLAPSE, OBLITERATE THE DOLLAR

Renowned economist and gold advocate Peter Schiff has issued a dire warning about President Donald Trump’s “Big, Beautiful Bill,” calling it a ticking time bomb for the U.S. economy. In a flurry of posts on X (formerly Twitter), Schiff lambasted the legislation as a fiscal disaster that could obliterate the U.S. dollar and trigger a sovereign debt crisis.

“A Fiscal Nuke in Disguise”

Schiff minced no words, labeling the bill as a continuation of the same reckless policies that led to America’s economic decline. He warned that instead of Making America Great Again, the bill could be the "straw that breaks the camel’s back."

“It may usher in a long-overdue dollar & sovereign debt crisis,” Schiff declared.

No Deficit Cuts, Just More Spending

The bill spans 1,116 pages, yet Schiff points out none of them reduce the deficit. In fact, he says the legislation bloats government spending and masks its true cost through accounting gimmicks.

“Only two House Republicans had the courage to vote against this monstrosity,” he wrote. “It’s a total fraud and a betrayal.”

Tax Cuts or Hidden Tax Hike?

Despite Trump touting the bill as a historic tax cut, Schiff says the real cost of government is total spending, not the tax rate.

“This bill increases spending, so it’s a tax hike, not a tax cut,” he stated, predicting rising inflation and interest rates as the eventual burden on taxpayers.

Medicaid Cuts Won’t Stick

Schiff also took aim at the bill’s alleged cuts to Medicaid, calling them a deceptive talking point. He noted the reductions don’t take effect for five years—if ever—and will likely be rolled back under political pressure.

Supporters Push Back

While Schiff is sounding the alarm, backers of the bill argue it brings clarity to tax policy and aims to resolve structural problems inherited from previous administrations. They see it as a roadmap to economic stability—but Schiff warns that stability can’t come from denial and debt

As the political divide over U.S. fiscal policy deepens, Schiff’s warnings add to growing fears that America’s debt-fueled economy is heading toward a breaking point.

@ Newshounds News™
Source:  Bitcoin.com

FYI:  This is exactly what we need to bring in the New Gold-backed Quantum Financial System

~~~~~~~~~

CAN BRICS TOPPLE THE US DOLLAR? BRAZIL CENTRAL BANK DIRECTOR SAYS NOT IN THIS DECADE

Despite rising momentum behind BRICS’ de-dollarization agenda, Brazil’s Central Bank Deputy Governor Nilton David has cast serious doubt on the bloc’s ability to dethrone the U.S. dollar anytime soon. Speaking during a recent webcast, David broke down the myths vs. reality of BRICS’ financial influence—and his conclusion was blunt:

 “No BRICS Asset Strong Enough to Replace the Dollar”

David, who also serves as Director of Monetary Policy, acknowledged BRICS' efforts to promote local currencies in trade, but said the alliance lacks a credible alternative to the greenback.

“There are no stronger BRICS-denominated assets or currencies that can replace the U.S. dollar,” he stated, adding,
“I don’t think that will change over the coming decade.”

Bitcoin? Not the Answer Either

When asked if Bitcoin could disrupt the dollar’s dominance, David dismissed it outright.

“It’s a speculative currency by nature,” he said, emphasizing Brazil’s $340 billion in FX reserves are in dollars because the greenback is far more stable than crypto assets.

BRICS Facing Limitations

While BRICS has made headlines for challenging Western financial hegemony, David said the alliance still lacks the depth, liquidity, and trust required to rival the dollar on a global scale.

“The push for local currency trade is real, but it won’t ‘nail the coffin’ on the dollar,” he noted.

He further questioned whether BRICS could ever serve as a true counterweight to the West, citing financial and structural limitations.

Bottom Line: De-dollarization May Be Inevitable—But It Won’t Be Fast

As speculation grows about a BRICS-led global shift, Brazil’s central bank sees no immediate threat to the U.S. dollar’s supremacy. While alternative trading mechanisms may gain ground, a full-scale dethroning of the greenback appears decades away—if at all.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps