Seeds of Wisdom RV and Economic Updates Wednesday Morning 5-28-25

Good Morning Dinar Recaps,

De-dollarization: SCO Nations Shift 92% of Trade Away from U.S. Dollar

De-dollarization is accelerating dramatically right now as Shanghai Cooperation Organization members are reducing their United States dollar dependency in international trade. SCO nations have also successfully implemented currency substitution strategies, with Russia reporting that national currencies now account for over 92% of trade settlements with fellow member states, and this marks a historic shift away from dollar-dominated global commerce.

“Our countries are increasing the use of national currencies in mutual settlements. For example, their share in Russia’s commercial transactions with members of the organization has already exceeded 92% in the first four months of this year.”

How SCO Nations, BRICS, and Currency Substitution Are Driving De-dollarization Trends

The Shanghai Cooperation Organization’s coordinated approach to de-dollarization represents a fundamental shift in global financial architecture right now.

This massive economic bloc, which encompasses China, Russia, India, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, and also Uzbekistan, controls approximately 42% of the world’s population and represents significant economic power that’s driving currency substitution initiatives across the region.

Putin also noted the broader economic success of SCO nations:

“The average GDP growth of the member countries of our organization last year amounted to more than 5%, industrial production to 4.5%, while the inflation rate is only 2.4%. At the same time, Russia’s trade with the SCO states has increased by a quarter.”

SCO’s Strategic De-dollarization Implementation

The de-dollarization movement within SCO represents more than just statistical changes—it also reflects systematic policy coordination among member nations at the time of writing. Putin emphasized Russia’s commitment to expanding non-dollar payment mechanisms, and he’s proposing an independent SCO settlement system that would further reduce United States dollar dependency.

BRICS nations are working closely with SCO countries to implement currency substitution across multiple economic sectors right now. China’s yuan has emerged as a primary alternative currency, while bilateral trade agreements are increasingly favoring national currencies over traditional dollar-denominated transactions, and this trend is gaining momentum.

The coordination between SCO nations and also BRICS members amplifies de-dollarization effects globally. These interconnected economic blocs represent countries that are seeking financial sovereignty through currency substitution, and they’re reducing exposure to United States dollar volatility and potential sanctions.

Putin highlighted the strategic importance of this transition:

“Regular meetings of economy and finance ministers and governors of central banks made a weighty contribution to the development of trade and investment in the SCO.”

Oil-producing nations that were traditionally tied to petrodollar systems are now exploring alternatives. Saudi Arabia’s openness to yuan-denominated oil transactions with China exemplifies how even traditional dollar allies are considering currency substitution options right now.

Since almost all of the trade settlements within the SCO avoid the dollar, this achievement shows that large-scale de-dollarization works well. This action by leading economies is now challenging the United States dollar’s long-standing place in global trade and it may play a major role in reshaping financial systems over the next few decades.

@ Newshounds News

Source:  https://watcher.guru/news/de-dollarization-sco-nations-shift-92-of-trade-away-from-u-s-dollar

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WisdomTree’s XRP ETF Approval Bid Gains Momentum with SEC Review

▪️SEC begins review of WisdomTree’s proposed spot XRP ETF, sparking optimism and driving XRP’s price to $2.30.

▪️Ripple pushes back on security claims as ETF approval could mark a turning point for XRP's regulatory and institutional future.

XRP is making noise in the market again, now trading around $2.30. Investors are getting bullish as excitement builds over a potential U.S. spot ETF approval. The market is responding with optimism, seeing the move as a major step toward broader institutional access and legitimacy for the token.

Though XRP cleared the securities tag partially, a final court judgement is awaited; however, the pace SEC is going with XRP ETFs, it seems all is under control and approval is on the way.

SEC Opens Door for XRP Spot ETF
The U.S. Securities and Exchange Commission (SEC) has officially started reviewing the WisdomTree XRP Trust, a proposed spot ETF that would allow investors to gain exposure to XRP without owning the token directly. This would be the first U.S.-based spot XRP ETF, potentially laying the groundwork for other crypto ETFs in the future.

Filed by Cboe BZX Exchange, the ETF aims to mirror the price of XRP via the CME CF Ripple-Dollar Reference Rate. If approved, it would enable XRP trading through traditional brokerage accounts, eliminating the need for crypto wallets or private keys.

Investor Protection at Play
As part of the process, the SEC has published a notice under Release No. 34-103124, calling for public feedback. The agency wants input on whether the product protects investors and how it plans to tackle market manipulation concerns. The Commission has 240 days to decide whether to approve or reject the application.

At the same time, Ripple’s Chief Legal Officer, Stuart Alderoty, fired back at the SEC’s broader crypto stance. In a recent letter to the agency’s crypto taskforce, he urged clearer rules, stating that XRP is not a security. He warned that vague regulatory terms like “decentralized” or “fully functional” only add confusion for both issuers and market participants.

With the SEC’s clock ticking and public comment now open, all eyes are on how the Commission handles this groundbreaking application. For now, bullish sentiment is picking up, and XRP’s rally suggests that traders are betting big on a regulatory breakthrough.

@ Newshounds News

Source:  https://coinpedia.org/news/xrp-spot-etf-approval-hopes-rise-as-sec-reviews-wisdomtree-etf/

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“Tidbits From TNT” Wednesday Morning 5-28-2025

TNT:

Tishwash:  Kurdistan Showcases Investment Opportunities at Paris Forum

The Kurdistan Region is showcasing its investment potential at the French-Iraqi Economic Business Forum currently underway in Paris, with top officials encouraging French investors to explore opportunities in key sectors.

Mohammed Shukri, Head of the Kurdistan Region’s Investment Board, addressed a panel during the event, highlighting the Region’s supportive investment environment. 

He emphasized the availability of promising opportunities in the industrial, agricultural, tourism, and energy sectors.

“Now is the time for foreign investors, particularly our French partners, to engage with the Kurdistan Region’s growing economy,” Shukri said, according to a statement released by the Investment Board.

The statement noted that several foreign investors, particularly French businesspeople, expressed readiness to visit the Kurdistan Region to explore investment opportunities firsthand and potentially boost France’s economic footprint in the area.

More than 300 foreign investors and businesspeople—mostly French—are attending the forum, underscoring France’s continued interest in Iraq’s and the Kurdistan Region’s economic landscape.

This event builds on momentum from last year’s first French-Kurdistan Economic Forum, also held in Paris. 

The gathering was organized in coordination with the Kurdistan Regional Government’s Investment Board and MEDEF, France’s largest business federation, to strengthen bilateral economic ties and attract more French investment to the Region. link

Tishwash:  from Iran's news

Baghdad or Erbil? Who controls Iraq's wealth?

The Iraqi Ministry of Oil declared two agreements between two American energy companies and the Kurdistan Regional Government of Iraq "null and void" due to their failure to obtain federal approval.

 The World - Correspondents

The tense relationship between Baghdad and Erbil has once again come to the fore after the Kurdistan Region of Iraq signed two massive gas field development agreements with two American companies worth more than $110 billion. This move sparked widespread political and legal controversy and brought to the fore an old question: Who owns the decision-making power over Iraq's resources?

Political analyst Naseem Abdullah told Al-Alam TV: "The Iraqi constitution states in Articles 110, 112, and 121 that the management of oil resources is a joint management between the region and the federal government. This provision is explicit, as the 2005 constitution stated that these resources are managed jointly by the region and the federal government. Currently, the region has violated the constitution through its unilateral management, which constitutes a breach of it."

The agreement, announced by the Prime Minister of the Kurdish region, Masrour Barzani , includes the development of massive oil and gas reserves in the Mizan, Topkhana, and Kordemir fields, potentially transforming Kurdistan into a regional energy hub. However, Baghdad, through the Ministry of Oil, quickly declared the agreement invalid, asserting that it violates the constitution and a ruling by the Federal Supreme Court.

Law professor Mohammed Adiq told Al-Alam TV: "Regarding the relationship between the Kurdistan Regional Government and the federal authorities, it is governed by Articles 110, 114, and 112. Therefore, the expired Kurdistan Regional Government must partner with the federal government in managing oil and gas and concluding oil contracts."

On the other hand, Erbil believes its actions are legal and within its jurisdiction, citing the absence of a federal law regulating the oil and gas sector. It asserts that the revenues will benefit both Kurdistan and Iraq.

Kurdish political analyst Hussein Al-Jaf said, "What happened is not a new contract, but rather the transfer of ownership of the project, which was operating in oil, from Kurdistan to another company. Therefore, there is no such thing as a renewed contract."

This sharp contrast raises a highly complex legal and political issue. While Baghdad champions sovereignty over resources, Erbil asserts that it is exercising a constitutional right that is absent from the national agreement.

The relationship between Baghdad and Erbil remains hostage to intense disagreements over resource management, with Baghdad insisting on centralized decision-making and Erbil insisting on its constitutional rights. The absence of a national agreement is evident, making every crisis a renewed conflict between Baghdad and Erbil.  link

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Tishwash:  Speaking to CNN Arabic

President of the Republic: There are no Iranian forces in Iraq, nor any Iraqi forces in Iran.

Iraqi President Abdul Latif Rashid denied on Wednesday the presence of Iranian forces inside Iraq or vice versa, noting that the matter is limited to a regular exchange of delegations to discuss common issues. He also reiterated that the absence of an oil and gas law is behind the outstanding issues between the federal government and the Kurdistan Region, during a television interview with CNN Arabic.

The Arab Summit is essential in the current circumstances. The Middle East and Arab countries are suffering from several problems, most notably the aggression against the Palestinian people and the internal situations in Sudan, Syria, and Lebanon.

There is a genuine intention on the part of the Arab countries and the countries of the region to end the suffering of the Palestinian people.

We must work to stop the fighting in Palestine, deliver humanitarian aid to the Palestinian people, and then develop a political roadmap for Palestinians to achieve their legitimate rights in accordance with United Nations resolutions.

Syria is an important country for Iraq in all social, religious, and cultural aspects. We are connected to each other, and we want good and strong relations with Syria. We want the Syrian government to take into consideration the Syrian people in all their diversity and ensure their representation.

We have a long border with Syria, and there are terrorists on the border, either alone or with their families of various nationalities. This security issue must be resolved amicably with the Syrian side.

We are working to resolve the border security crisis with Türkiye and the presence of its forces inside Iraq, especially given the Kurdistan Workers' Party's decision to pursue peaceful means to resolve the issue.

Our relations with Türkiye are good in terms of trade and diplomacy, and our trade is strong, amounting to tens of billions annually. We hope to resolve the security issue.

Our relations with Iran are long-standing, normal, and strong. There are no Iranian forces inside Iraq or vice versa. There is a constant exchange of delegations to discuss all existing issues.

Most of Iraq's water resources come from Türkiye and Iran, and most of it comes from Türkiye. We need a fair share to meet the needs of the population and agricultural requirements.

Our relations with neighboring countries and the region, including Egypt and Jordan, are strong and solid, and there is an exchange of expertise and business to improve infrastructure.

Our relations with the United States are normal and good, and agreements exist between the two parties and are being studied jointly. The decision on whether or not to keep forces is left to the ongoing negotiations between the two parties.

We welcome the visit of President Trump and European delegations to the region to hear directly from the region's leaders about existing problems and work to resolve them.

We hope that the ongoing negotiations between the United States and Iran will be successful and will benefit everyone.

Iraq is ready to serve as a mediator between Iran and the United States to ensure the success of negotiations, if requested.

The absence of an oil and gas law is behind the outstanding issues between the federal government and the Kurdistan Region. Negotiations are ongoing between the two sides to resolve issues such as salaries, oil, and other matters.

The elections will be held on schedule, and we are working to ensure that they are safe, stable, and fair, ensuring broad participation by the Iraqi people.

(60%) of Iraq’s population are young people, and they constitute the largest group. They must be supported, and we need their participation in supporting the political process, defending security and stability, and for them to be an interested part in solving problems.  link

Mot:  If YOU Were Born in the 50s !!!!

Mot:  tweets from kids who made us feel ancient

MilitiaMan and Crew: Tnansit-Budget Law 2023-2025-Arab Economic Reform-World Trade-Finance

MilitiaMan and Crew: Tnansit-Budget Law 2023-2025-Arab Economic Reform-World Trade-Finance

5-27-2025

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

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

https://www.youtube.com/watch?v=ThlFLm5yjPs

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

Iraq To Be OAPEC's Second-Largest Oil Exporter By 2025

Energy  Economy News – Baghdad  The Organization of Arab Petroleum Exporting Countries (OAPEC) announced on Tuesday that Iraq ranked second among member states as a crude oil exporter during the first quarter of 2025.

According to a report, Iraq's exports reached 3.35 million barrels per day, placing it second after Saudi Arabia, which topped the list with exports reaching 5.89 million barrels per day. The UAE came in third place with a total of 2.86 million barrels per day, followed by Kuwait with exports of 1.32 million barrels per day.

He added that "Libya ranked fifth with average exports of 1.18 million barrels per day, while Qatar came in sixth with 605,000 barrels per day, and Algeria ranked last with exports of 378,000 barrels per day."

Regarding global oil trade, the report indicated that the United States maintained its position as a net importer of crude oil, but continued to be a net exporter of petroleum products, with its net exports of crude oil and its derivatives reaching approximately 2.7 million barrels per day during the first quarter of the year.

In contrast, China's net oil imports fell by approximately 385,000 barrels per day, settling at 10.7 million barrels per day, while India's imports rose by 3.3% quarter-on-quarter, reaching 4.6 million barrels per day.

It is worth noting that OAPEC was established on January 9, 1968, by agreement between Saudi Arabia, Kuwait, and Libya. Its headquarters are in Kuwait, and its founding members include Algeria, Iraq, Qatar, the United Arab Emirates, Bahrain, Syria, and Egypt. https://economy-news.net/content.php?id=55897

Iraq's Oil Exports To The US Reached 5 Million Barrels In A Month.

Energy  Economy News – Baghdad  The U.S. Energy Information Administration announced on Tuesday that Iraq exported more than 5 million barrels of crude oil and its derivatives to the United States during February 2025.

A table from the administration showed that "Iraq exported 5,427,000 barrels of oil and its products during February, down from 7,136,000 barrels in January."

The US Energy Information Administration reported that "the total crude oil exported from Iraq to the US in the same month amounted to 4,446,000 barrels, while the remaining 981,000 barrels were petroleum derivatives, which are non-condensate oils."

Iraqi oil exports to the United States have increased significantly in recent years, with export figures reaching record levels in some months, partly due to Iraq's ability to increase its oil production. https://economy-news.net/content.php?id=55899

Basra Crude Oil Rises Despite Falling Global Oil Prices

Tuesday, May 27, 2025 | Economic Number of reads: 144  Baghdad / NINA / Basra Heavy and Basra Medium crude prices rose on Tuesday, despite the decline in oil prices in global markets.

Basra Heavy crude prices rose 88 cents, or 1.45%, to reach $61.46, while Medium crude prices rose 88 cents, or 1.39%, to reach $64.41.

Oil prices fell as market participants assessed the possibility of OPEC+ deciding to increase its crude oil production at a meeting later this week.

Brent crude futures fell to $64.62 a barrel, while West Texas Intermediate crude fell to $61.38 a barrel. / End   https://ninanews.com/Website/News/Details?key=1229220

Gold Prices Head To Highest Level In Two Weeks

Tuesday, May 27, 2025 | Economic Number of reads: 169 Baghdad / NINA / Gold settled near its highest level in two weeks on Tuesday, supported by a weaker dollar and concerns about the US fiscal outlook, while investors awaited more US economic data, seeking more clarity on the path of interest rates.

The price of spot gold settled at $3,339.99 per ounce.
US gold futures fell 0.8% to $3,339.80.

Among other precious metals, the price of spot silver rose 0.1% to $33.38 per ounce, platinum settled at $1,084.28, and palladium fell 0.3% to $984.25. / End https://ninanews.com/Website/News/Details?key=1229203

The Dollar Price Fell In Baghdad.

Time: 2025/05/27 Read: 2,340 times   {Economic: Al Furat News} The exchange rate of the US dollar against the Iraqi dinar fell on Monday morning in Baghdad markets.
The prices are as follows:
The selling price was 141,250 dinars per $100, and the purchase price was 139,250 dinars per $100. LINK


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

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   

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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

~~~~~~~~~

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“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

~~~~~~~~~

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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