MilitiaMan and Crew: Iraq Dinar Update-Banking Powerhouse-Coming days-UN-IMF-EBRD-IFC Supported-Oil & Gas Law-Salaries-ER

MilitiaMan and Crew:  Iraq Dinar Update-Banking Powerhouse-Coming days-UN-IMF-EBRD-IFC Supported-Oil & Gas Law-Salaries-ER

5-31-2025

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=e_CTVo73qDE

Iraq Economic News And Points To Ponder Saturday Afternoon 5-31-25

Al-Sudani To A Member Of Congress: It Is Necessary To Build A Comprehensive Vision For Iraq That Keeps Pace With Economic Transformation And Development.

Time: 2025/05/31 Read: 1,215 times  {Local: Al Furat News} Prime Minister Mohammed Shia al-Sudani received today, Saturday, Senator Jacky Rosen, a member of the Armed Forces Committee and the Foreign Relations Committee in the US Congress, and her accompanying delegation, in the presence of the Chargé d'Affaires of the US Embassy in Iraq.

A statement from his office, a copy of which was received by {Euphrates News}, stated that: “The meeting discussed the overall Iraqi-American relations and ways to strengthen them in a way that serves common interests, Iraq’s progress in economic recovery, and confirms regional stability.”

Al-Sudani pointed to "the importance of deepening relations with the United States in various fields, continuing bilateral dialogue based on mutual respect, and affirming Iraq's sovereignty and shared values, within the framework of the agreements and strategic partnership between the two friendly countries."

He also highlighted the "need to build a comprehensive vision for Iraq in light of the scale of the economic and developmental transformation taking place in Iraq."

For her part, Senator Rosen affirmed her country's "commitment to building sustainable relations with Iraq," praising "the progress being witnessed in Baghdad and other Iraqi cities, and the Iraqi government's ability to avoid regional conflicts, which underscores Iraq's pivotal role and its growing importance in the region."  LINK

What Is The Truth About Stopping The Use Of Electronic Payment Cards?

Banks  Economy News – Baghdad  Rafidain Bank categorically denied, on Saturday, reports circulating about the suspension of electronic payment cards.

A statement from Rafidain Bank received by Al-Eqtisad News stated, "There is no truth to the circulating news regarding the suspension of electronic payment cards, and no decision has been issued by Mastercard or any relevant official body regarding their suspension."

He explained that "all MasterCard and Visa cards issued by the bank are operating fully and normally inside and outside Iraq."

He pointed out that "Rafidain Bank's digital banking system continues to provide its services without any disruption, and that the bank is committed to ensuring a stable and secure banking experience for its customers at all times."

According to the statement, the bank called on citizens "not to be drawn into malicious rumors and to rely exclusively on news and updates from the bank's official sources." https://economy-news.net/content.php?id=56057

The Prime Minister Confirms Support For The Industrial Sector And Iraqi Goods By 18% Of The Product Value

Economy | 01:17 - 05/31/2025  Mawazine News – Baghdad  Prime Minister Mohammed Shia Al-Sudani affirmed the government's support for the industrial sector in developing production and reducing unemployment, while pointing out the commitment to support manufactured goods inside Iraq with 18% of the product's value for export abroad.

The Prime Minister's media office said in a statement received by Mawazine News that "Prime Minister Mohammed Shia Al-Sudani inaugurated, today, Saturday, the factories of the United Arab Food Industries Company Limited, located in Mahmoudiya District, south of Baghdad on the international highway."

 The statement  added that "the Prime Minister toured the company, its factories and administrative departments, met with its employees, and listened to a detailed explanation of the company's products and the level of production, which represents the first phase of work, and the challenges it faces."

According to the statement, the Prime Minister praised "the efforts of those in charge of the company and its employees," stressing "the government's readiness to provide all facilities and services in order to move to the second phase of expansion in work and production."

He praised the factory, "which represents one of the milestones we are proud of, as it was constructed to modern specifications," stressing "our commitment to supporting the private sector's successful experiences in establishing modern production lines, and as a true partner in advancing the national economy."  https://www.mawazin.net/Details.aspx?jimare=262064

Government Advisor: Iraq Is Third In The Arab World In Cards     

Economy | 11:02 - 05/31/2025  Mawazine News - Baghdad -  The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Saturday, that Iraq's ranking as third in the Arab world in the number of bank cards issued is an important indicator of the development of the financial sector and the growing community and international confidence in government measures.

Salih said in a press statement to the official agency, followed by Mawazine News, that "Iraq will enter the era of fully electronic collection in the middle of this year, and this matter enhances the confidence of financial institutions and global investment banks that Iraq is moving towards a more transparent and professional economy with advanced methods that guarantee economic prosperity."

 He added that "electronic collection will also give the impression that the Iraqi financial environment has become more prepared to receive financial technology solutions and investments in the digital banking and insurance sectors in an attractive and accelerated manner," noting that "this step reflects the strategic government effort seeking to modernize the financial infrastructure and facilitate non-cash transactions."

He continued, "Iraq ranked third in the Arab world in the number of bank cards issued, which is an important indicator of the development of the financial sector and the growing community and international confidence in government measures."

He indicated that "the government is actively pursuing digital financial transformation to achieve advanced levels of sustainable development, in accordance with the indicators of the National Development Plan 2024-2025 and the current government program."

He explained that "the progress achieved by Iraq in the field of using digital banking payments undoubtedly indicates the extent of the accelerated strategic progress achieved in spreading the use of bank cards and the beginning of achieving a structural transformation in the Iraqi economy towards a digital economy."

He stated that "utilizing modern technology will enable Iraq to achieve qualitative leaps in financial inclusion, maximize added value in the national economy, reduce poverty and unemployment, and facilitate economic reforms on a broader scale."

He pointed out that "this matter is also a major success for the government program related to e-governance and the implementation of an integrated and basic digital infrastructure in preparation for the transition to a digital economy and broad financial inclusion."   https://www.mawazin.net/Details.aspx?jimare=262062

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

Iraq Economic News And Points To Ponder Saturday Morning 5-31-25

Mazhar Saleh: Evaluating Bank Boards Boosts The Economy And Investor Confidence 

Time: 2025/05/29 22:07:38 Read: 1,935 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Saleh, affirmed on Thursday that Prime Minister Mohammed Shia al-Sudani's directive to re-evaluate bank boards is a strategic step to support the national economy.

While noting that government reforms will positively impact the quality of banking services, he noted that   modernizing their structure will enhance transparency and increase investor confidence.

Saleh said in a press statement that "Prime Minister Mohammed Shia al-Sudani's directives to re-evaluate the boards of directors of state-owned banks represent a strategic step toward restructuring the Iraqi financial system,  in line with the current banking reform program.

He explained that  this initiative aims to enhance banks' ability to support the real economy and achieve comprehensive development goals." He added, "The success of this step requires  institutional consensus and  ensuring the independence of financial decisions, in addition to optimal investment in national competencies in accordance with international governance standards."

He emphasized that "re-evaluating the boards of directors of government banks, which control more than 80% of banking activity in Iraq,represents a fundamental entry point for launching broader reforms,including digital transformation, modernizing the settlement and payments infrastructure, strengthening oversight and reducing systemic risks, as well as  improving compliance with International financial and monetary standards and  providing an attractive environment for investment."

He continued, "This step comes within the framework of a comprehensive study conducted by the global consulting firm Ernst & Young, which focuses on improving banking governance in the government sector, thus contributing to the restructuring of government banking entities to become more effective in supporting development, investment, and revitalizing the financial market."

 Saleh pointed out that "the Iraqi financial and banking system, especially the governmental one,
faces major challenges in terms of  efficiency,  transparency, and  ability to support economic development."

 He stressed that the Prime Minister's call to reconsider the composition of the boards of directors of government banks aims to correct the course and ensure a healthy environment capable of achieving the required reforms, through the effective application of governance and transparency standards and the efficient representation of decision-makers and government banking policymakers."
 
The financial advisor expected that "the reassessment process will contribute to improving the speed and quality of financial decisions and enhancing risk management,
 
which will support the stability of the financial system and enhance transparency and accountability, thus increasing investor and public confidence."  He pointed out that "these reforms will have a positive impact on the quality of banking services provided, including improved payment, credit, and investment services."  

He stressed that "these measures are part of a comprehensive reform plan for the financial and banking system,
which contributes to advancing economic development by improving financial services and attracting investments, and enhancing the efficiency of financial institutions and resource management in line with the country's financial and development policies."     https://alforatnews.iq/news/مظهر-صالح-تقييم-مجالس-المصارف-يعزز-الاقتصاد-وثقة-المستثمرين    

Baghdad Conference Calls For International Cooperation To Combat Money Laundering
 
Economic 05/29/2025  Baghdad: Hussein Thaghab  Participants in the Anti-Money Laundering and Combating the Financing of Terrorism conference agreed on the need for international cooperation to combat      money laundering and     terrorist financing crimes.
 
This was in light of the significant government support aimed at  improving the status of Iraqi banks in accordance with international standards, and the  United Nations' desire to restore Iraq to the international arena and influence.

Meanwhile,  Iraq's international partners considered the cash sale system for foreign currency to beneficiaries to be the most optimal globally.
 
The Prime Minister's representative, Financial Advisor Dr. Saleh Mahoud, said in a speech:
 
"The conference represents an opportunity to build and strengthen confidence in Iraqi banks, given the government's awareness of the importance of creating a robust banking system operating according to international standards."

He highlighted  the conference's importance and its role in raising awareness among specialists in this field,especially with the increasing challenges facing governments in this area and the crimes it commits,which have negative repercussions on countries.
 
Saleh added that to address these challenges, countries are seeking to develop their anti-money laundering legislation and adopt guidelines, as  weak legislation increases the incidence of crimes. 

 He emphasized that the government has taken significant measures to combat money laundering in line with international standards,  reflecting the government's commitment to developing effective financial performance.

He pointed to the role of the reforms adopted by the government in  developing the financial sector and  improving financial performance, as well as the significant successes achieved in  combating money laundering and terrorist financing.
 
Governor of the Central Bank of Iraq, Dr. Ali Al-Alaq, noted that this conference affirms the continuation of the reform process and the  fight against money laundering and terrorist financing in  cooperation with relevant institutions.

He explained that money laundering crimes are a gateway to destabilizing countries, and  therefore international cooperation with partners is essential to curbing these crimes.

Al-Alaq pointed out that the international assessment results revealed strengths in Iraq's favor in key areas.
 
The international report also highlighted weaknesses in some areas, and we have begun addressing them in a way that mitigates their risks.
 
This reflects Iraq's commitment to  international standards and  building a secure banking system.  He stressed that the  Republic of Iraq has achieved significant results in strengthening the balances of Iraqi banks abroad in a way that keeps them away from problems.

Today,  we have succeeded in opening accounts with correspondents.
 
The Central Bank has also introduced a cash sale system for foreign currencies exclusively for beneficiaries, which international partners consider the best in the world. Furthermore, the  complete automation of work between the concerned parties has represented a qualitative leap in reducing suspicious transactions.
 
We are in the final stages of the process of linking with the relevant departments to complete the work successfully, and work to mitigate the sources of financial crime is ongoing.
 
Al-Alaq commended the Kurdistan Region's active participation in combating money laundering and terrorist financing, and the significant role this step plays in curbing and combating this activity.
 
He noted the  efforts to employ artificial intelligence to regulate financial transactions, and the
     ongoing restructuring and development of government banks in accordance with international standards,   building them on modern and advanced foundations.
 
He also noted the significant successes achieved in developing electronic payments in accordance with international standards.
 
For his part, Wadih Al-Handhal, Chairman of the Iraqi Private Banks Association, stated that the conference addresses a significant topic in the financial landscape, and that its significance is heightened by the challenges facing Iraqi banks in their relationships with international banks.

He emphasized that  most banks have  adhered to transparency and compliance standards and  continue to support the national economy. He added that they believe our banks are capable of making an effective comeback.

He noted that  the banking sector is evolving and     has an ambitious plan in the areas of compliance and money laundering, and that the two-day conference will discuss critical topics that will enhance financial performance in Iraq.
 
UN Secretary-General's Special Representative, Mohammed Hassan, said the forum represents an important milestone in Iraq's journey toward adopting a law to combat financial crimes. He added that the
 
United Nations believes in Iraq's return to its rightful place among the nations of the world, and that 
governance and compliance are important and imperative pillars. He added that we appreciate the efforts of the Central Bank and the Association of Banks to consolidate these pillars, and  we recommend international partnerships to build national capabilities that will advance the financial sector.
 
He highlighted the importance of leveraging successful Arab and international experiences to integrate Iraq into the global financial system, explaining that  technology   is an urgent necessity at this time and     must be coupled with a transparent legislative system.
 
Secretary-General of the Union of Arab Banks, Wissam Fattouh, emphasized the importance of adhering to international standards,  which play a key role in strengthening Arab and international financial relations.

He also pointed to the  need for international partnerships to develop the Arab financial sector, emphasizing that  the goal is to build a secure, flexible, and independent banking sector that serves all sectors of the national economy.
 
Chairman of the Parliamentary Finance Committee, Dr. Atwan Al-Atouni, said: 
"The conference addressed a topic that should receive significant attention, as it is part of global requirements that   help respond to the global financial sector,   preserve its integrity, and   contribute to supporting development efforts."

He emphasized that Iraq has made significant strides in this area,  issuing important directives and creating human cadres with the expertise to enable it to  reduce crime and  adopt the best methods for combating financial crimes.
 
Ziad Khalaf, Vice Chairman of the Board of Directors of the Union of Arab Banks, explained that the 
Iraqi banking sector faces challenges in opening accounts with international banks.
 
Despite banks' compliance with the regulations, some international banks view Iraqi banks as requiring further compliance.  He noted that Iraqi banks are capable of digital transformation, having achieved successes that surpass those of other banks in the region, and are looking forward to building financial institutions that will advance Iraq and serve its people.   
https://alsabaah.iq/115440-.html

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 5-31-25

Good Morning Dinar Recaps,

US Banking Regulator Calls for Expanded Crypto Financial Literacy

The OCC calls for a major boost in financial literacy to navigate the explosive rise of digital assets, urging updated strategies to protect and inform new crypto investors.

OCC Calls for Stronger Financial Literacy on Crypto

The Office of the Comptroller of the Currency (OCC), the federal agency responsible for overseeing national banks and federal savings associations, has taken steps to clarify the regulatory framework around digital assets in the U.S. banking system.

Acting Comptroller Rodney E. Hood, speaking at the Financial Literacy and Education Commission (FLEC) on May 29, 2025, highlighted the increasing importance of cryptocurrency and digital assets in financial services.

“Everyone in the financial ecosystem – including financial educators – should carefully monitor the rapidly changing financial marketplace and update financial education strategies accordingly.

For example, in 2023, almost 5 percent of all households owned or used cryptocurrency, with more than nine in 10 of those holding it as an investment,” Hood said, adding:

“Given the level of interest, expanding financial literacy resources to address digital asset investments may be useful.”

Hood’s comments reflect the OCC’s role in ensuring that banks can engage with digital assets in a regulated and secure manner.

The Acting Comptroller also discussed the need for financial educators to update their strategies to address the growing number of consumers engaging with digital assets — many of whom are first-time investors.

He suggested that financial literacy programs should help these new investors understand the risks and opportunities of digital assets. The OCC has long supported financial education, and Hood emphasized that these efforts should now include resources on emerging financial products like cryptocurrency.

This approach aligns with the OCC’s recent guidance, released in May, which confirmed that national banks and federal savings associations are authorized to provide cryptocurrency-related services, such as custody and execution, as long as proper risk management practices are in place.

“The federal banking system is well positioned to engage in digital asset activities,” the OCC recently said.

The OCC’s position shows a cautious but supportive approach to integrating digital assets into the banking system, while also stressing the importance of consumer education and safety.

@ Newshounds News™
Source:  Bitcoin.com

~~~~~~~~~

BRICS: US Risks Losing $7.5 Trillion Worth of Asian Assets

The BRICS alliance and all Asian countries combined have an investment worth $7.5 trillion in US assets, including bonds. For decades, the global financial gameplay was simple and easy to understand. Asia had an effortless strategy: sell goods to the US, and in return, invest the proceeds into American financial assets.

Things are now changing under the Trump administration, after the US President disrupted the smooth flow of global trade.

The tariffs and trade wars have rubbed emerging economies the wrong way, and things could turn worse if BRICS and other Asian countries put their own nations first and stop depending on US assets for financial benefits. The unwinding of the $7.5 trillion has already begun on a small scale, according to some of the world’s biggest money managers, speaking to Bloomberg.

These money managers warned that if the US fails to halt the outflow, the future could be bleak.

BRICS: $7.5 Trillion Asian Assets Sell-Off Could Shake the US Markets

For those unfamiliar with this financial shift, the sell-offs in US assets have already been initiated by BRICS. Since 2024, China alone has dumped $150 billion worth of US Treasuries and bonds, choosing to diversify its reserves.

Not just China—many developing nations have sold US assets and purchased gold to diversify their central banks' holdings. Hoarding the US dollar is seen as increasingly risky, especially as the debt ceiling has surged past $36 trillion.

“We are in a shifting world order and I do not believe that we will go back to the state of things as we had before,” said Virginie Maisonneuve, Chief Investment Officer at Allianz Global Investors.

“It is an evolution from the World War Two order and is partially triggered by China rivaling the US in economic and technology terms,” she added.

If BRICS and Asian countries pull the plug on their $7.5 trillion investments in Treasuries and bonds, the US financial markets could be severely shaken.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 5-31-2025

TNT:

Tishwash:  UN: Iraq will become a banking powerhouse both domestically and internationally

 UN Secretary-General's Special Representative, Mohammed Al-Hassan, confirmed that Iraq will become a banking powerhouse both domestically and internationally .

Al-Hassan said in a statement to the Iraqi News Agency (INA) today, Friday, that "the words spoken during the conference on money laundering and combating the financing of terrorism indicated that Iraq is facing a regional and international challenge to restore its status ."

He added, "The Iraqi economic system cannot be complete without an effective financial sector, both domestically and internationally," noting that "Iraq is committed to taking positive steps to restore confidence in the financial and banking sector in Iraq ."

Al-Hassan stressed that "the United Nations supports Iraq's path, which will become, in the coming days, a banking power that interacts internally and externally," emphasizing that "the fight against terrorism is not a scourge that has afflicted Iraq alone, but the entire world, and the sacrifices that Iraq has made in lives and money are not trivial or small ."

He noted that "these sacrifices must be completed, extended, and continued to restore Iraq's position in the financial and banking sector   link

Tishwash:  The US intervenes in the salary funding crisis between Baghdad and Erbil.

The US State Department called on the federal government and the Kurdistan Region to abide by the financial payments stipulated in the Iraqi constitution and work to resolve their differences through constructive dialogue.

A US State Department official said, "Swiftly resolving the salary issue sends a message that Iraq puts the interests of its people first and creates an attractive environment for investment," noting that "it would also be a positive signal regarding the possibility of reopening the Iraq-Türkiye pipeline."

He stressed that "US support for the Kurdistan Region is a key component of its relationship with Iraq," noting that "US Secretary of State Marco Rubio recently hosted the Prime Minister of the Kurdistan Region, Masrour Barzani, and also spoke with the President of the Region, Nechirvan Barzani, where they emphasized the importance of continued cooperation to promote stability and prosperity in Iraq and the region."

These statements come as the Kurdistan Region's civil servants' salaries are facing a new crisis, following the federal Ministry of Finance's announcement that it would halt funding for May 2025 salaries. The announcement was made due to what it described as the region's exceeding its budget share and its failure to deliver oil and non-oil revenues.

Erbil recently signed two agreements with American companies worth more than $110 billion in the energy sector. This sparked criticism in Baghdad, which considered it an infringement of its sovereign powers. Erbil, however, views the agreements as part of its plan for economic reform and resource development.   link

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

Tishwash:  Baghdad joins the Smart Cities Club: The Municipality adopts digitized transactions to serve citizens.

The first signs of a serious shift toward the concept of smart cities have begun in the capital, Baghdad, through rapid digital steps adopted by the Baghdad Municipality to modernize the performance of its institutions and facilitate citizen transactions.

The Baghdad Municipality has expanded its planning vision to include sustainable development and urban technology, building on the Iraqi state's approach to linking municipal services with advanced digital systems. These systems help reduce bureaucracy, improve performance efficiency, and meet the needs of residents in a changing urban environment.

These initiatives reflect the Secretariat's clear direction to move beyond traditional management and service approaches and enter a qualitative phase based on the integration of digital transformation, environmental planning, and service innovation, positioning Baghdad as a city connected to the global urban fabric of the future.

Baghdad Mayor Eng. Ammar Musa Kazim announced the capital's entry into a new phase of digital transformation by modernizing the mechanisms for processing citizen transactions in Baghdad Municipality departments. This represents a first step toward a smart and sustainable Baghdad, inspired by global models of urban development.

During his participation in the Iraqi Smart Cities Conference, organized by the Federation of Iraqi Chambers of Commerce in cooperation with the International Chamber of Commerce, he emphasized that the Secretariat has begun to play a leading role in addressing urban challenges through the digitization of its services, and its participation in the Arab Smart Cities Forum enhances opportunities for exchanging experiences and expertise with advanced Arab cities.

He explained that the municipality has launched new applications to receive citizens' complaints digitally and has developed a construction transaction system to reduce direct contact and increase transparency and speed, reflecting a gradual transition towards an electronic city with e-government and identity services.

He pointed out that the launch of the implementation work for the New Sadr City project came as a model for a smart and sustainable city that takes into account modern environmental and architectural standards, in parallel with other ambitious projects such as the Sustainable Baghdad Forests and the waste-to-electricity project, indicating a comprehensive approach to redefining the capital's service and environmental infrastructure.

In separate posts on the X platform, observers highlighted the importance of these initiatives in addressing the accumulated burden of decades of service decline and haphazard planning.

Journalist Hussam Al-Taie wrote: "Finally, we're hearing about a smart Baghdad... digital transformation is not a luxury, but a tool for urban justice." Engineer Suha Al-Lami tweeted: "If the Baghdad Municipality adheres to the digital roadmap, we will witness a real transformation in people's lives."

This leap forward is based on the Baghdad Municipality's vision to catch up with major Arab cities, after years of absence from the sustainable urban development map. The city seeks to make the capital a practical testing ground for future city ideas, rather than merely a theoretical imitation of others' experiences.  link

Mot: .. No Quitter Am I!!!  

Mot: . Yeppers!!! --- Been This Way Alot!!!! Lately!!!!  

MilitiaMan and Crew: Iraq Dinar Update-Integration-Global Financial System-Meta & Google Interest-UN-A Banking Powerhouse

MilitiaMan and Crew:  Iraq Dinar Update-Integration-Global Financial System-Meta & Google Interest-UN-A Banking Powerhouse

5-30-2025

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=5okLJIx7byY

Iraq Economic News And Points To Ponder Friday Afternoon 5-30-25

Amid Anticipation Of The OPEC+ Decision, Oil Is Heading For A Weekly Decline.

Economy | 05/30/2025  Mawazine News - Follow-up:  Oil prices are heading for a weekly decline of more than 1% during Friday's trading, amid volatility in court decisions regarding US tariffs and the market's anticipation of a possible increase in OPEC+ production.

Brent crude futures fell 26 cents, or 0.41%, to $63.89 a barrel by 0104 GMT. Brent July futures expire on Friday.  US West Texas Intermediate crude fell 27 cents, or 0.44%, to $60.67 a barrel, according to Reuters data.

A US federal appeals court temporarily restored President Donald Trump's tariffs on Thursday, overturning a trade court's decision on Wednesday that had suspended their implementation.

The decision caused oil prices to fall by more than 1% on Thursday as traders assessed its impact. Analysts said uncertainty would continue as the court battles over the tariffs continue.

The OPEC+ alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and its allies, is expected to decide to increase oil production in July when it meets on Saturday.

OPEC is also seeking to ensure that some countries, such as Kazakhstan, reduce their production, which exceeds agreed-upon levels.  https://www.mawazin.net/Details.aspx?jimare=262038

Find Out The Quantities Of Iraqi Oil Exports In The First Third Of 2025.

Economy | 01:01 - 05/29/2025   Mawazine News - Baghdad -  The Iraqi Oil Marketing Company (SOMO) revealed on Thursday that the country's crude oil exports during the first third of the current year exceeded four million barrels.

According to SOMO statistics reviewed by Mawazine News, "Iraq's total oil exports during the first four months of the current year amounted to 406,062,835 barrels, at a rate of 101,515,713 barrels per month."

The statistics showed that "the total exported from Basra and central fields through Iraqi ports amounted to 392,178,537 barrels, while the total exported from Qayyarah field in Kirkuk amounted to 3,789,906 barrels."

They also indicated that "oil exports from the modern Kirkuk depot to Jordan during this period amounted to 1,339,410 barrels."

According to its statistics, SOMO stated that "financial revenues from exports for the past two months of March and April amounted to $14 billion, 454 million, 815 thousand, and 947." https://www.mawazin.net/Details.aspx?jimare=262008

Iraq Stock Exchange Indices Rose During The Fourth Week Of May

Economy | 03:57 - 05/29/2025  Mawazine News - Baghdad -  The Iraq Stock Exchange announced, on Thursday, the weekly trading indicators for the fourth week of May 2025, indicating a rise in the two main trading indicators and a noticeable activity in the trading volume.

The market stated in a statement received by Mawazine News that it "organized five trading sessions during the week extending from Sunday (May 25) to Thursday (May 29), indicating that the number of traded shares exceeded 6 billion shares, while the value of trading amounted to more than 11 billion Iraqi dinars."

It added that "the general trading index (ISX60) opened the first session of the week at (1002.79) points, to close at the end of the week at (1017.58) points, recording an increase of (1.45%). The (ISX15) index also recorded an increase of (1.90%), as it rose from (1123.69) points at the beginning of the week to (1145.42) points at the end."

The statement indicated that "(3,894) buy and sell contracts were executed on shares of companies listed on the market during the week's sessions, which reflects a noticeable activity in trading and market movement."   https://www.mawazin.net/Details.aspx?jimare=262019

Gold Prices Rise As Investors Buy

Thursday, May 29, 2025,  | Economic Number of reads: 298  Baghdad / NINA / Gold prices rose on Thursday, as investors rushed to buy after the decline in the yellow metal's prices.   Gold futures for August (Comex) rose by 0.46% to $3,343.50 per ounce.

Spot contracts for the yellow metal rose by 0.65% to $3,322.36 per ounce, according to trading data. / End   https://ninanews.com/Website/News/Details?key=1229635

The Dollar Exchange Rate Rose Against The Dinar In Local Markets 

Thursday, May 29, 2025 | Economic Number of reads: 233  Baghdad / NINA / The dollar prices rose in the markets of Baghdad and Erbil, on Thursday, with the closing of the stock exchange at the end of this week.

The dollar prices witnessed a rise with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 141,200 dinars for every $100, while this morning it recorded 140,800 dinars for every $100.

The selling prices in the exchange sector in the local markets in Baghdad recorded an increase, as the selling price reached 142,250 dinars for every $100, while the purchase price reached 140,250 dinars for every $100.

In Erbil, the dollar also recorded an increase, as the selling price reached 141,350 dinars for every $100, and the purchase price reached 141,200 dinars for every $100. /End https://ninanews.com/Website/News/Details?key=1229679

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

Seeds of Wisdom RV and Economic Updates Friday Morning 5-30-25

Good Morning Dinar Recaps,

XRP LAWSUIT: NEW MYSTERIOUS ‘DECISIVE EVIDENCE’ TO CHANGE RIPPLE OUTCOME?

▪️ Mysterious Filing Resurfaces: Justin Keener submits an emergency motion claiming “decisive evidence” that could aid Ripple in its lawsuit.

▪️ Ripple vs. SEC Drama Continues: Legal experts weigh in as the XRP community watches how this filing might impact the case before June 16.

The XRP lawsuit never “fails to entertain” and it just got interesting. A mysterious filing by Justin W. Keener with an emergency motion has resurfaced again.

Decisive Evidence to Change the Outcome?

Keener says that he has “decisive evidence” which could change the outcome of the Ripple vs. SEC case in favor of Ripple. This unexpected move invited comments from experts like Bill Morgan and Marc Fagel.

“XRP Case Never Fails to Surprise”

Bill Morgan shared that he expected some kind of filing, especially with the 60-day deadline for a status update nearing on June 16. He didn’t expect a lengthy, emotional rant against the Howey Test and its court interpretations, especially about “investment contracts.” The rant also criticized the SEC’s actions over the past 90 years.

“This case never fails to entertain or end,” he said, which shows how unpredictable the lawsuit has become.

Marc Fagel also pointed out that this is the second time the same individual has submitted documents. The SEC even responded to the first one but questioned why the court hasn’t shut down the person’s PACER account yet, given the unauthorized filings.

Keener’s first attempt to submit his “decisive evidence” in the Ripple case was shut down back in April, but he’s now trying again. Keener was recently fined $10 million for illegally trading penny stocks without registering as a dealer.

Will This Impact the Lawsuit?

The XRP community is watching closely to see if this would have any impact on the lawsuit. Most expect the court to reject it again, but how the judge and SEC respond this time will show whether it has any real impact.

In a recent letter to the SEC, Ripple said that fungible crypto assets like XRP aren’t securities in secondary sales. Citing legal expert Lewis Cohen and a 2023 court ruling, Ripple argued that these tokens don’t carry the legal traits of securities and requested the SEC to adopt clearer rules, noting that XRP itself was ruled not a security in public trading.

@ Newshounds News™
Source:  Coinpedia

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BRICS: 44 COUNTRIES ALIGN WITH DE-DOLLARIZATION AGENDA

A total of 44 countries are aligning with the de-dollarization agenda kick-started by the BRICS alliance. The 11-member bloc is rewriting trade policies to benefit their national economies and currencies while ignoring the US dollar.

The shift against the greenback is accelerating as emerging economies are bringing investments back home. Developing countries are cutting ties with the US-based financial investments such as bonds, and accumulating gold and local currencies in their reserves.

The economic policies of the White House have caused extreme financial distress in developing countries. From Trump initiating tariffs to trade wars and global dominance, emerging economies are siding with BRICS as the bloc advances the de-dollarization agenda.

The US now stands alone on the global stage as even the European Union, which is its close ally, is considering the euro for transactions. Several leaders have openly called to reduce dependency on the USD and focus on European assets.

44 Countries Align With BRICS De-Dollarization Agenda

Vietnam became the latest country to show interest in the BRICS de-dollarization agenda in 2025. Around 44 countries are interested in BRICS expansion and officially taking part in the de-dollarization policies. The nations who are on the sidelines want to dismantle the US dollar’s dominance and replace it with local currencies.

The upcoming 17th summit in Rio de Janeiro will signal how fast the process will gain shape next. BRICS made it clear that the long-term goal of the alliance is to fast-track de-dollarization and end the US dollar’s supremacy. It is reported that many more countries could join the bandwagon from Asia and nations from the African region.

Emerging economies want to use BRICS as a stepping stone to officially launch the de-dollarization roadmap in their respective countries. They would have the backing of the New Development Bank (NDB) which can disburse loans in local currencies for infrastructural developments.

@ Newshounds News™
Source:  Watcher.Guru

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“Tidbits From TNT” Friday Morning 5-30-2025

TNT:

Tishwash:  New Partnership to Connect the Middle East and Europe via Iraq

Zain Omantel International (ZOI) has announced a partnership with Iraq's Horizon Scope Telecom and the Iraqi Telecommunications and Information Company (ITPC), a government-owned company under the Iraqi Ministry of Telecommunications.

This partnership enables ZOI to create a digital telecommunications corridor stretching from the Middle East to Europe through Iraq, offering alternative terrestrial connectivity options that provide higher levels of capacity, security and efficiency.

According to a statement from ZOI, the route will use terrestrial fibre connectivity that utilises Iraq's position as a digital gateway, creating more reliable services that are less susceptible to interruptions. It will pass through Turkey and make its way up to Frankfurt, Germany. The new corridor will act as an alternative to traditional subsea routes by bypassing some of the turbulent areas. The route will enable international businesses, telecom operators and hyperscalers to expand their reach via robust, low-latency infrastructure, ensuring seamless connectivity between the Middle East and Europe.

Mr. Sohail Qadir, CEO at ZOI, said:

"By working together, we will enhance regional and international connectivity, offering higher capacity, security, and efficiency for businesses, operators and hyperscalers across continents."

Mr. Ahmed Abdulsalam, the Managing Director of Horizon Scope, said:

"Offering alternative terrestrial connectivity routes is a critical way to protect against infrastructure vulnerabilities, ensuring that enterprises can capture more opportunities and scale with reliable connectivity."

Mr. Ali Y. Dawood, the Director General of ITPC, said:

"This partnership marks a significant milestone in strengthening Iraq's position as a connectivity corridor, especially by providing an alternative path to Europe. We are committed to delivering connectivity solutions that the people of Iraq can trust and use to enable seamless global connectivity."  link

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Tishwash:  The budget schedules will be released in mid-June.

The Finance Committee of the Iraqi Parliament revealed government efforts to submit the 2025 budget tables to Parliament, expecting the tables to be submitted to Parliament in the middle of next month. 

Committee member Moein Al-Kadhimi said in a press statement, "We have received information that the Ministry of Finance, along with the Ministry of Planning, is preparing budget tables for the year 2025 based on recent financial and economic changes, with the decline in oil prices. We expect these tables to be submitted in mid-June."

 Al-Kadhimi explained, "These agendas will reach the committee when the House of Representatives resumes its sessions. If the agendas reach the House, it will be obligated to hold sessions. This issue will certainly not be free of disagreements, whether political or technical. We may need approximately a month to vote on the agendas after they officially reach the committee and study them from various angles."  link

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Tishwash:  Huge untapped wealth... Iraq's top 5 mines

Iraq's five most prominent mines reveal a map of mineral wealth that remains untapped due to decades of security challenges that have led to the neglect of these resources.

 According to a report published by the Energy Platform, Iraq's most prominent minerals include "sulfur, phosphate, and rock salt, along with strategic minerals such as iron, manganese, zinc, and lead." The report indicated that "despite the dominance of oil in the economy, Iraq boasts vast mineral resources concentrated in a number of mines."

The platform stated in its report: "The mining sector in Iraq has been marginalized for decades due to political and security tensions. However, recent years have witnessed increased interest in revitalizing this vital sector. The Iraqi government is currently attempting to attract international investment to revive these mines, particularly with the move to diversify the economy away from its reliance on oil."

She added: "Geological data and surveys indicate that Iraq possesses vast reserves of important ores such as sulfur, phosphate, rock salt, iron, and manganese, some of which are ranked among the largest in the world. International reports also reveal that Iraq holds the world's largest reserves of free sulfur, in addition to significant reserves of silica sand."

Energy highlighted the five most prominent mines in Iraq, which form a unique geological map that could position Iraq among the region's leading mineral-producing countries.

Al-Mashraq Mine

The Mishraq mine is one of the largest natural sulfur mines in the world, containing vast reserves of natural sulfur close to the Earth's surface. Sulfur is extracted from the mine by fusion and is used in the fertilizer, petroleum product, and water treatment industries.

According to Energy, "exploitation of the mine began in the 1960s and reached its peak in the 1970s, but ceased after 2003. Despite plans to rehabilitate it, the mine remains out of service. The mine consists of three fields. The first field's reserves are estimated at 23.5 million tons, the second field's reserves are 65.8 million tons, and the third field's reserves are 224 million tons."

The Mishraq mine suffered extensive damage during the ISIS era, when the group set fire to sulfur storage facilities in 2016, causing a rare environmental disaster.

Akashat Mine

The Akashat mine, located in Anbar Governorate, is one of the richest phosphate deposits in the Middle East, with total reserves estimated at more than 7 billion tons, making it one of the top five mines in Iraq.

She said: "The extracted phosphate is used in the manufacture of fertilizers, phosphoric acid, and animal feed, and its reserves in the western desert of Iraq are estimated at more than 10 billion tons."

The mine includes an open quarry, a processing plant, and a railway line connecting it to the Al-Qaim plant. However, the infrastructure has been damaged by wars and terrorism, halting production for many years. Efforts are underway to restart the mine through investment partnerships .
 
Samawah Mine

The Samawah mine, located in Muthanna Governorate in southern Iraq, is "one of the five most prominent mines in Iraq specializing in extracting rock salt. The salt ore there is distinguished by its high quality and pure sedimentary composition, and is used in the food and chemical industries," according to what the "Energy" platform reviewed.
 
She added, "The mine operates intermittently and is managed by the General Company for Mining Industries. It suffers from a lack of investment, but it covers a significant portion of the local market's needs, with the potential to develop it into a regional center for salt exports."
 
Iron and manganese

Sulaymaniyah Governorate in the Kurdistan Region has "promising areas for iron deposits, particularly in Qara Dagh and Birspi, where sedimentary rocks contain hematite and magnetite ores at concentrations ranging from 30 to 45%."

Despite these positive indicators, according to the Energy report, "none of these mines have been commercially exploited yet. Manganese is found in areas such as Soran and Dohuk, but exploration is still preliminary. Factors such as the lack of infrastructure and transportation, in addition to weak financing, represent the most significant obstacles to developing these sites."

Zinc and lead

The Ministry of Energy explained that "there are indications of the presence of good-quality zinc and lead deposits within MVT-type replacement carbonate formations in mountainous areas near the Turkish and Iranian borders, such as Mergasor, Zakho, and Qalaat Diza."

"The main minerals there include galena and sphalerite, along with barite and fluorite. Despite the presence of these resources, the mines have not yet been exploited, but they represent a golden opportunity for Iraq's future plans to develop the mining sector."  link

Mot:  . Been in This ""RV"" Thingy Way toooo Long I Thinks...

Stealth QE, Fed Secretly Bought $43.6B in Bonds, Why are they Hiding it?

Stealth QE, Fed Secretly Bought $43.6B in Bonds, Why are they Hiding it?

Daniela Cambone:  5-29-2025

The Federal Reserve’s recent actions are sparking debate about whether they’re quietly resurrecting quantitative easing (QE).

Michael Gentile, founding partner at Bastion Asset Management, argues emphatically that they are. In a recent interview with Daniela Cambone on ITM Trading, Gentile pointed to the Fed’s purchase of $43 billion in U.S. bonds as a sign of “how precarious the situation” has become for the U.S. economy.

While the Fed may be avoiding the “QE” label, Gentile believes this intervention is driven by concerning underlying factors. He highlights the rising U.S. deficits and a dwindling pool of natural buyers for U.S. debt. This leaves the Fed increasingly pressured to step in and prop up the market for U.S. Treasuries.

But the ramifications extend far beyond U.S. borders. According to Gentile, this situation is triggering a significant shift in global reserve strategy. Central banks around the world are reportedly diversifying their holdings, reducing their reliance on the U.S. dollar and actively accumulating physical gold.

“We’re seeing a multi-year, multi-decade rotation out of U.S. dollar assets into gold,” Gentile stated. This isn’t just a short-term reaction to market volatility; it represents a fundamental re-evaluation of global economic security.

The concerns stem from the potential for a self-perpetuating cycle. Increased government spending leads to larger deficits, requiring more borrowing. If the market isn’t willing to absorb this debt at acceptable interest rates, the Fed might be forced to intervene, artificially suppressing rates and potentially fueling inflation.

This intervention further devalues the U.S. dollar, making it less attractive as a reserve currency. Central banks, tasked with managing their nation’s wealth and protecting its economic stability, are then driven to seek alternative assets.

Gold, a traditional safe-haven asset, is seeing renewed interest. Its intrinsic value and historical resilience make it an attractive alternative to a potentially weakening dollar. Central banks diversifying into gold are essentially hedging against the risks associated with U.S. debt and the ongoing economic uncertainties.

Gentile’s perspective suggests that investors should carefully consider their own portfolio allocations. While the U.S. dollar remains a dominant force in the global economy, increasing diversification into assets like gold could provide a hedge against potential devaluation and economic instability.

The long-term implications of these trends remain to be seen. However, the growing concerns about U.S. debt and the flight to gold highlight the importance of staying informed and considering a diversified investment strategy in an increasingly uncertain global economic landscape.

https://youtu.be/p8HYs3Cx8n4

The Financial Reset Has Begun

Francis Hunt: The Financial Reset Has Begun

Wealthion:  5-29-2025

Francis Hunt, founder of The Market Sniper, joins Maggie Lake for an alarming and wide-ranging macro discussion.

He warns that the global financial system is already collapsing, starting with the U.S. bond market and spreading across fiat currencies worldwide.

According to Francis, we’ve reached the end of a 45-year supercycle of debt, and what comes next is a full reset: collapsing markets, a global depression, rising authoritarianism, and the dawn of a new digital system.

Key Topics:

Why the 40-year bond bull market is dead

How fiat currency is losing its credibility fast

Why gold is the ultimate reserve asset, and will go parabolic

The real role of Bitcoin and select digital tokens

How CBDCs will power the next monetary system

Why property and equities could crash hard

The coming wealth shift from West to East

How governments will clamp down with surveillance and taxation

What investors can do to protect and position themselves

Chapters:

0:34 - Francis Hunt’s Bold Forecast: The Debt Collapse Has Begun

5:10 - What Does “Collapse” Really Mean? Francis Breaks It Down

17:31 - Inflation Explosion? How Fast Prices Could Spiral

22:06 - Why the Next Crisis Could Be Immune to QE

 31:32 - The First Domino: Stocks, Housing, or Credit?

 43:50 - How to Protect Your Wealth Before It’s Too Late

 50:32 - Gold Panic or Golden Opportunity?

57:06 - Could Bitcoin Replace the Dollar as Reserve Currency?

1:01:23 - Gold vs. Crypto: Which Will Lead the Next Financial Era?

1:04:32 - What Could Stop the Collapse—and Will It Happen in Time?

https://www.youtube.com/watch?v=Cp9NM9sbjEM