MilitiaMan and Crew: Iraq Dinar Update-TIR Agreement-Global Trade Map-Integration-Salaries-Oil Pipeline-Exchange Rate

MilitiaMan and Crew:  Iraq Dinar Update-TIR Agreement-Global Trade Map-Integration-Salaries-Oil Pipeline-Exchange Rate

6-11-2025

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=I3nROBBixHM

Iraq Economic News And Points To Ponder Late Tuesday Evening 6-10-25

An Expert Reveals The Reasons For The Dollar's Decline In Iraq.

Time: 2025/06/10 18:06:13 Reading: 735 times  {Economic: Al Furat News} Economic expert, Duraid Al Anzi, confirmed that the decline in exchange rates in the country is primarily due to the lack of foreign currency transactions in trade with neighboring countries, in addition to the collapse of these countries' currencies against the US dollar.

Al-Anzi explained to Al-Furat News Agency, "This situation negatively impacts desire and increases demand for the dollar, which prompts governments in neighboring countries to reduce imports to Iraq."

He pointed out that "the local market is witnessing an abundance of many local products, which reduces the need for black market traders to demand dollars." LINK

The Investment Commission Announces Details Of The First Investment Forum In Iraq.

Buratha News Agency1902025-06-10   The National Investment Commission (NIC) announced details of Iraq's first investment forum on Tuesday, noting that the forum has strategic objectives to accelerate economic development. NIC Chairman Haider Makiya told the official news agency, "The upcoming investment forum, organized by the commission, is the first of its kind since its establishment, and has strategic objectives to accelerate economic development in the country."

He added, "The forum seeks to introduce the 141 available investment opportunities, all of which have received official approvals and are ready to be presented to local, Arab, and foreign companies." He explained that "the opportunities cover diverse sectors, including industry, housing, renewable energy, communications, pharmaceuticals, agriculture, and others."

He added, "The forum aims to attract the largest possible number of foreign and Arab companies to participate in infrastructure projects in Iraq, in addition to introducing international expertise to quality projects, in line with the investment law that requires the employment of skilled and unskilled Iraqi workers in projects."

Makiya pointed out that "the event will be attended by more than 300 international entities, including countries and companies, representing a historic opportunity to showcase Iraq's investment potential." https://burathanews.com/arabic/economic/461151

Al-Haims: E-Governance Enhances The Transparency Of Institutional Work 

June 10, 2025  Baghdad - Saad Mohammed Al-Kaabi  The Chairman of the Communications and Media Commission, Nofal Abu Raghif, discussed the activation of an agreement described as a legal and professional umbrella to preserve the confidentiality of technical and commercial data related to coordination and exchange operations between institutions.

A statement received by Al-Zaman yesterday stated that “the meeting reviewed the executive steps of the national roaming project and the activation of the NDI disclosure agreement, within the framework of the Authority’s efforts to establish the rules of fair competition and develop the communications infrastructure,

in addition to discussing the interim regulatory framework for the implementation of national roaming, in a way that ensures the expansion of the scope of geographical coverage and enable citizens to access communications service, by adopting a fair and transparent mechanism that guarantees the rights of all and prevents any exclusionary or monopolistic practices.”

Digital Inclusion

Abu Raghif pointed out that "this service is one of the most important tools for digital inclusion, which stimulates the market environment towards innovation and integration, praising the spirit of cooperation between the two sides while achieving digital and professional openness to move to an advanced stage in the telecommunications sector."

 The Authority renewed "its full commitment to follow up on the implementation of national roaming mechanisms according to a clear timetable, to ensure regulatory compliance and achieve the reform goals in the telecommunications sector." Abu Raghif and the American company SpaceX Starlink, hosted by Prime Minister Mohammed Shia Al-Sudani, discussed facilitating the company's work in Iraq.

Yesterday's statement said, "The Iraqi side welcomed the company's work to support network, information and communications technology," noting that "Iraq includes many promising investment opportunities in light of the rapid urban and service growth and expansion it is witnessing."

Al-Sudani instructed the concerned authorities to study ways to facilitate the company's work and expedite the necessary measures, stressing the importance of cooperation with the Iraqi private sector, within the vision of digital transformation.

The company's delegation expressed its "readiness to operate in Iraq, provide services, and cooperate in the Iraqi market," stressing that "Starlink services contribute to digital transformation and its applications for public and private sector institutions, developing communications, and strengthening the economic sector within the framework of bilateral cooperation between the two countries."

Abu Raghif and Vodafone International discussed the phases of operating the national mobile phone company. The meeting emphasized the importance of the project receiving direct government support, aligning with the priorities of the national program in the areas of digital transformation, and expanding the base of strategic partnerships with international companies with solid experience.

The two sides discussed the general outlines of the proposed timeline, including the pilot phase and commercial launch, as well as discussing the mechanisms for sharing infrastructure, especially with regard to towers and data centers, as they are the basic pillars for a sustainable and secure launch,

in addition to ways to benefit from Vodafone Group’s expertise in supporting emerging markets, and comparing similar experiences in countries experiencing similar circumstances, as well as transferring experiences and institutional knowledge in a way that consolidates the professional path of operation and maintains the balance between service and investment.

Launch Guide

According to the statement, in a related development, the Chairman of the Iraqi Securities Commission, Faisal Al-Humais, indicated that the launch of a guide to environmental, social, and corporate governance standards for companies is likely to continue efforts to enhance transparency in the operations of companies across all economic sectors, including telecommunications, industry, and tourism.

Al-Haims said on the sidelines of the launch ceremony of the guide, followed by (Al-Zaman) yesterday, that “the activation of the guide for environmental and governance standards was done in cooperation with the International Finance Corporation, and with financial support from the Kingdom of the Netherlands,”

noting that “the guide has a great impact on the application of transparency in companies in the Iraqi Stock Exchange, and this is an extension of the work of the Central Bank, within the framework of its launch of the governance guide for financial institutions listed in the market,” according to his expression.

He explained that it will be more comprehensive for all sectors, whether communications, industry, tourism or hotels, and will be reflected in increasing the quality of economic activities and financial transactions, by enabling investors to obtain complete information with a great deal of transparency, to support their investment decision, according to what he mentioned.

Al-Haims added that the application will be fully launched next year.  LINK

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 6-11-25

Good Morning Dinar Recaps,

CRYPTO INDUSTRY LEADERS RAISE CONCERNS OVER CLARITY ACT’S ‘GENSLER-ERA’ AMENDMENT AHEAD OF MARKUP

Crypto industry players are raising red flags over a new section added to the Digital Asset Market Clarity (CLARITY) Act of 2025 ahead of today’s markup session, warning that it closely resembles the aggressive regulatory posture of the prior administration.

Crypto Industry Players Raise the Alarm

On Tuesday, crypto stakeholders voiced their concerns over the newly amended text of the CLARITY Act. According to journalist Eleanor Terret, industry leaders have described the added provision as a “Gensler-era” measure, reviving fears about unclear and burdensome oversight.

The legislation, introduced on May 29 by Chairman of the House Financial Services Committee French Hill, is intended to build a comprehensive regulatory framework for digital assets in the U.S., promising the clarity and protection long sought by the crypto industry.

The bipartisan bill aims to:

• Protect consumers by requiring developers and customer-facing companies to provide essential disclosures.

• Safeguard client assets by mandating separation of customer and corporate funds.

• Support innovation, offering developers a regulated path to raise capital under government oversight.

“Our bill brings long-overdue clarity to the digital asset ecosystem, prioritizes consumer protection and American innovation, and builds off our work in the 118th Congress,” Hill said in a statement last month.

However, Terret reported that the new amendment would “eliminate exemptions for previously issued tokens,” thereby giving the Securities and Exchange Commission (SEC) broad discretionary power to determine on a case-by-case basis whether each token constitutes a security.

Critics argue this move undermines the entire purpose of the bill, warning it may reintroduce regulatory uncertainty that the bill was initially designed to resolve. Some investors fear the amendment could enable a system of “winners and losers” determined by the SEC’s discretion.

Political Opposition Grows

The legislation has also drawn sharp criticism from Democrats. Some argue that it could create opportunities for former President Donald Trump to benefit financially through crypto-related ventures.

Rep. Maxine Waters (D-Calif.) was especially vocal, stating:

“This rushed, overly complicated bill will increase investor harm, which already runs rampant in today’s crypto market.”

She continued:

“Some of the riskiest activities are broadly exempted from the bill, leaving our constituents with no one to turn to when their money vanishes. The bill puts our national security at risk and contains no penalties for crypto criminals.”

Momentum Builds with the BRCA Inclusion

Despite the controversy, the bill gained momentum with the inclusion of the Blockchain Regulatory Certainty Act (BRCA), which provides legal protections for non-custodial software developers and infrastructure providers.

As reported by Bitcoinist, eight major crypto policy groups signed a joint statement urging Congress to add the BRCA to the CLARITY Act. The BRCA was reintroduced on May 21, 2025, by Rep. Tom Emmer (R-MN) and Rep. Ritchie Torres (D-NY).

On June 8, the revised version of the CLARITY Act incorporated the BRCA, clarifying that non-custodial, peer-to-peer developers should not be regulated as money transmitters. In a joint statement, the crypto policy groups said:

“This is a meaningful step toward protecting developers of non-custodial, peer-to-peer technologies while maintaining strong oversight of custodial financial institutions.”

They added that the updated bill reflects a balanced regulatory approach, building on FinCEN’s 2019 guidance.

Industry Support Persists Despite Concerns

Even with the inclusion of the controversial amendment, major crypto firms such as Coinbase remain supportive. The company issued a statement asserting:

“Bipartisan momentum is building. Lawmakers from both sides agree: it’s time to protect consumers and unlock American innovation with clear crypto legislation. As Congress prepares for a key vote to advance the CLARITY Act, the message is clear: vote YES.”

Next Steps for the CLARITY Act

As of the time of writing, the CLARITY Act passed the House Committee on Agriculture markup with a decisive 47–6 vote, following nearly three hours of debate. The bill will now move to the House Financial Services Committee for further review, as reported by Terret.

@ Newshounds News™
Source: Bitcoinist

~~~~~~~~~

XRP LEDGER DEVS PLAN SIDECHAIN LAUNCH IN Q2 FOR ETHEREUM COMPATIBILITY

▪️ XRP Ledger plans to launch an EVM sidechain in Q2 2025 to gain Ethereum compatibility.
▪️ Ripple CTO David Schwartz announced the timeline at the Apex 2025 event in Singapore.

The XRP Ledger (XRPL) — a blockchain closely associated with cross-border payments company Ripple — is preparing to launch an Ethereum Virtual Machine (EVM) sidechain in the second quarter of 2025, in a significant move to bridge Ethereum smart contracts into its ecosystem.

This EVM-compatible sidechain aims to enable Ethereum-based smart contract functionality while preserving XRPL’s signature low-cost and high-speed transaction model.

Ripple’s Chief Technology Officer David Schwartz formally announced the upcoming launch during the ongoing Apex 2025 event in Singapore, according to Peersyst, one of the project’s principal development partners.

What the Sidechain Will Do

The EVM sidechain is a parallel blockchain that will run alongside the XRP Ledger. It is being developed by contributors Ripple and Peersyst, and is built using the evmOS software stack.

▪️ The sidechain is already live on testnet, serving as a trial environment to ensure functionality and performance.
▪️ A mainnet launch is expected to follow in Q2 2025 after further testing and the onboarding of validator partners.

Why Ethereum Compatibility Matters

While XRPL has its own support for native smart contracts, it does not currently support the Ethereum Virtual Machine (EVM) — the dominant development environment for decentralized applications (dApps) on Ethereum.

This limitation has meant that Ethereum developers could not easily port their applications to the XRP Ledger. The EVM sidechain solves that by bringing Ethereum-style programmability directly to the XRPL ecosystem.

Other projects like Flare Network also provide EVM-compatible smart contract capabilities that integrate with XRPL, but this new native sidechain represents a first-party, in-house solution from Ripple contributors.

Bridge Connectivity: Powered by Axelar

The EVM sidechain will connect to the XRP Ledger mainnet through a bridge mechanism. Specifically, Axelar has been selected as the exclusive bridge provider for the sidechain.

This bridge will enable transfer of assets, such as wrapped XRP, which will act as the native gas token on the sidechain.

This initiative represents a strategic leap toward greater interoperability between XRPL and the wider Ethereum ecosystem, expanding XRPL’s reach and relevance in the world of decentralized finance (DeFi) and smart contract-based applications.

@ Newshounds News™
Source:  Source: The Block

~~~~~~~~~

🇷🇺 BRICS: Oil Giant Eyes Chinese Yuan Bonds, Ignores US Dollar Assets
Kazakhstan’s KazMunayGas makes landmark shift toward de-dollarization

In a major financial pivot, Kazakhstan’s state oil and gas giant KazMunayGas is preparing to ditch US dollar bonds in favor of Chinese yuan-denominated debt, including dim sum and panda bonds.

Why the shift?
Yuan-based bonds offer cheaper debt options compared to US Treasuries — aligning with BRICS’ push to reduce USD dependence.

 “We looked at all options… Currently, there is a possibility to sell dim sum and panda bonds,” said CEO Askhat Khassenov to Bloomberg. “They offer rather good conditions.”

The move follows growing BRICS influence encouraging global firms to explore non-dollar financial instruments.

• Dim sum bonds = yuan bonds traded offshore

• Panda bonds = yuan bonds issued by foreign entities inside China

This marks the first time KazMunayGas sidelines US dollar assets — and may signal a larger trend among other BRICS-aligned oil firms.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 6-11-2025

TNT:

Tishwash:  The Security Council holds a session on the situation in Iraq, and Al-Hassan provides a briefing.

 The United Nations Security Council is holding a session on the situation in Iraq today, Tuesday.

The session will be held at 5:00 p.m. today, Baghdad local time, according to a statement issued by the United Nations Assistance Mission in Iraq (UNAMI).

The statement indicated that the Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, is expected to provide a briefing at the session on developments in Iraq and regarding UNAMI.

The United Nations Assistance Mission in Iraq (UNAMI) is scheduled to officially end at the end of 2025. The mission was established pursuant to Security Council Resolution 1500 in August 2003 to support the Coalition Provisional Authority (CPA) led by Paul Bremer and the Iraqi Governing Council following the overthrow of the former regime led by the late President Saddam Hussein by US forces and their allies. link

Tishwash:  Parliament awaits the arrival of the budget schedules.

After a period of waiting, the general budget schedules for the year (2025) return to the forefront of the government and the House of Representatives’ concerns, amid anticipation of its final path, with the announcement of the representatives’ readiness to hold an extraordinary session in order to end this file urgently.

Member of the Finance Committee, MP Jamal Koujar, expects the tables of the 2025 General Budget Law to reach the House of Representatives soon, noting that their arrival is linked to the government completing the process of officially preparing them. In a statement to Al-Sabah, Koujar confirmed the House's readiness to hold an extraordinary session immediately after the tables are officially received, with the aim of discussing and approving them quickly.

The MP explained that the Finance Committee does not expect the session to witness a lengthy or in-depth discussion regarding the new budget schedules, given that they will not witness any fundamental changes compared to last year's budget, which was approved over three years without any significant amendments. He pointed out that this reflects a clear trend in Parliament towards facilitating the procedures for approving the schedules with the aim of ensuring the rapid activation of financial spending and the continued implementation of projects and services during the remaining period of the year.

Koger also pointed out that even if there are some minor amendments to the draft budget, the prevailing trend is to pass the law as it was received by the government, in order to preserve the stability of the financial and economic process, and avoid any delay that might negatively affect government performance and needs. Citizens.  link

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

Tishwash:  Economic Council: The Iraq Investment Forum will launch 150 investment opportunities in 12 economic sectors.

The head of the Iraqi Economic Council, Ibrahim al-Baghdadi, affirmed that Iraq represents a fertile and promising ground for investment in various sectors, noting that the Iraq Investment Forum represents a pivotal event for showcasing ready-made investment opportunities that align with the country's developmental aspirations.

Al-Baghdadi told the Iraqi News Agency (INA): “Iraq enjoys a strategic geographical location that makes it a key link in the international transportation network, in addition to possessing natural and human resources that qualify it to be an attractive environment for long-term investments.” He pointed out that “the forum’s agenda includes dialogue sessions and various topics that highlight the most prominent government measures supporting investors, in addition to presenting strategic projects such as the development road, which enhances economic integration in the region and constitutes an important axis for sustainable development.”

He pointed out that "more than 150 investment opportunities will be presented during the forum, distributed across 12 economic sectors, including the energy and renewable energy sector, which includes 27 investment opportunities in 13 governorates, including projects for thermal power plants, solar power, wind energy, and electricity generation from waste." He pointed out that "the oil and gas sector will include two investment opportunities to establish a refinery and a factory in Basra and Wasit, while the heavy and medium industries sector will include 21 opportunities, including chemical, manufacturing, and food industries in 10 governorates."

He added that "the industrial and free zones will include nine opportunities, including the establishment of industrial and pharmaceutical cities and free zones in Karbala, Maysan, Diwaniyah, Anbar, Basra and Nineveh," noting that "the investment opportunities also include projects in the agricultural and livestock production sectors, which include 20 opportunities in five governorates on vast agricultural areas."

He continued, "The opportunities also include the health sector, with 10 opportunities to establish hospitals and specialized centers in seven governorates," stressing that the projects also include housing and real estate development, with 25 opportunities including residential complexes and new cities providing more than 150,000 housing units in 11 governorates."

He pointed out that "tourism and entertainment include nine opportunities in Dhi Qar, Najaf, Nineveh, Babylon, and Karbala, including tourism projects and entertainment cities, in addition to investment opportunities in the transportation and ports sector to establish cable cars and a civilian airport."

Al-Baghdadi stated that "the forum will also address a number of issues, including sports and youth, where 10 opportunities will be presented, including sports cities and facilities in nine governorates, in addition to opportunities related to trade and warehouses, including eight investment opportunities, including warehouse complexes and commercial facilities in Kirkuk, Nineveh and Maysan, in addition to opportunities in the communications sector, through providing two opportunities to establish data centers and install submarine cables for international communications in Al-Faw."

Al-Baghdadi emphasized that "the forum is an effective platform for direct communication between local and foreign investors, on the one hand, and Iraqi ministries and agencies, on the other. He pointed out that Iraq aspires to become a regional hub for investment and development in the region, with government support and encouragement from the private sector."  link

Mot:  Just Saying!! -- Why having a pet door is a bad idea in Florida 

Mot:  Remember When Life was Tough!!!! ((( can I go back?? )))

Monetary Inflation is here, they’re Monetizing Debt

Monetary Inflation is here, they’re Monetizing Debt

Wealthion:   6-10-2025

The global financial system is facing a silent but potentially devastating crisis, not from a traditional recession, but from a fundamental imbalance between soaring debt and dwindling liquidity.

That’s the warning issued by market expert Michael Howell, who paints a stark picture in a recent interview with Wealthion’s James Connor.

Howell argues that the current scramble by the U.S. and other governments to roll over trillions in short-term debt at ever-increasing interest rates is creating a dangerous situation. This continuous refinancing, he contends, is leading to a form of quiet monetary inflation, a factor often overlooked but with potentially severe long-term consequences.

In the interview, Howell lays bare the reasons why we should expect to see 5% bond yields as the new normal. He also dismantles the long-held 60/40 portfolio model, deemed obsolete in this evolving macro environment.

Perhaps most surprisingly, he suggests that China, not solely the Federal Reserve, may be a key driver behind the ongoing gold bull market.

Looking ahead, Howell warns that global bond markets are flashing danger signals. He identifies the period between 2026 and 2028 as a potential “refinancing cliff,” when a large volume of debt will need to be rolled over. This could trigger the next significant financial crisis, given the already strained global liquidity situation.

The warnings from Howell highlight the need for vigilance and proactive planning in navigating the challenges ahead. By understanding the underlying risks and adopting a strategic approach, investors can position themselves to protect their wealth and potentially even thrive in this evolving financial landscape.

https://youtu.be/DVguHjD1bhQ

Iraq Economic News And Points To Ponder Tuesday Afternoon 6-10-25.

UN Representative: Iraq Is Making Efforts To Achieve Stability And Establish Integrated International Relations.

Tuesday, June 10, | Politics Number of reads: 338   Baghdad / NINA / The UN Security Council held its session on Tuesday afternoon on the situation in Iraq.

The UN Secretary-General's Representative in Iraq, Mohammed Al-Hassan, said in a briefing to the UN Security Council that "Iraq is making efforts to achieve stability and establish integrated international relations," noting that "the Iraqi government is committed to returning its citizens from the Syrian Al-Hawl camp."

He added, "The Electoral Commission is committed to holding fair elections," praising Iraq's efforts to provide humanitarian aid to Lebanon, Syria and Gaza. /End https://ninanews.com/Website/News/Details?Key=1233538

The Central Bank Of Iraq's Total Credit Exceeded 70 Billion Dinars.

Tuesday, June 10, 2025 | Economic Number of reads: 284  Baghdad / NINA / The Central Bank of Iraq announced, on Tuesday, that the total credit exceeded (70 billion) dinars by the end of March 2025.

The bank said in an official statistic, "The total credit by the end of last March of this year amounted to 71 billion and 288 million dinars, a decrease of 2.78% compared to last February, which amounted to 73 billion and 188 million dinars."

He added that "the credit was distributed between credit provided to the central government in the amount of 24 billion and 738 million dinars, credit provided to public institutions in the amount of 2 billion and 489 million dinars, and credit provided to the private sector in the amount of 44 billion and 61 million dinars." / End   https://ninanews.com/Website/News/Details?key=1233517

Gold Prices Decline In Early Trading

Tuesday, June 10, 2025  | Economic Number of reads: 279   Baghdad/ NINA / Gold prices fell in early trading on Tuesday, as traders awaited further developments in the ongoing trade talks between the United States and China in London.

By 01:25 GMT, spot gold fell 0.5% to $3,311.16 per ounce, while US gold futures fell 0.7% to $3,330.90.

As for other precious metals, spot silver fell 0.6% to $36.51 per ounce, platinum fell 0.8% to $1,210.46, and palladium fell 0.2% to $1,071.75.

High-level trade talks between US and Chinese officials continue in London for the second day, with discussions covering issues ranging from tariffs to restrictions on rare earth minerals. https://ninanews.com/Website/News/Details?key=1233464

Basra Crude Rises In Line With Global Oil Prices

Tuesday, June 10, 2025 | Economic Number of reads: 340  Baghdad / NINA / The prices of Basra Heavy and Basra Medium crude oil rose on Tuesday, coinciding with the global rise in oil prices.

The prices of Basra Heavy crude oil rose $1.10, equivalent to 1.78%, to reach $62.93, while the prices of Medium crude oil rose $1.10, equivalent to 1.70%, to reach $65.78.

Global oil prices rose due to the global economic market's expectations of the results of the trade agreement between the United States and China, which will affect oil market prices.

The price of Brent crude reached $67.16, while the price of US crude reached $65.42. / End
https://ninanews.com/Website/News/Details?key=1233497

Dollar Exchange Rates In Baghdad And Other Governorates
Economy | 10/06/2025   Mawazine News – Baghdad   Mawazine News publishes the exchange rates of the dollar against the dinar in the Iraqi local markets today, Tuesday, June 10, 2025.

Baghdad :  Selling price: 142,000   Buying price: 141,000

Erbil:  Selling price : 141,500     Buying price: 141,250

Basra:   Selling price: 141,750   Buying price: 141,250

https://www.mawazin.net/Details.aspx?jimare=262353

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

Iraq Economic News And Points To Ponder Tuesday Morning 6-10-25.

Oil Maintains Weekly Gains As Trade Talks Awaited

Economy | 09/06/2025  Mawazine News - Follow-up   Oil prices held onto last week's gains in early trading on Monday as investors awaited US-China trade talks in London later in the day.

By 00:08 GMT, Brent crude futures were steady at $66.47 a barrel. US West Texas Intermediate crude was trading 1 cent higher at $64.59.

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

Prospects of a US-China trade deal supported prices, as three of Donald Trump's top aides are scheduled to meet with their counterparts in London on Monday for the first meeting of the US-China economic and trade consultation mechanism.   https://www.mawazin.net/Details.aspx?jimare=262320

 
From 40 To 60 Trillion... The Hemorrhage Of Salaries Without Reforms Puts The Iraqi Economy On The Brink Of Danger.
 
Economy 3-06-2025, |  Baghdad Today – Baghdad  Economic expert Munir Al-Obaidi confirmed on Tuesday (June 3, 2025) that 

Iraqi government salaries increased by 27% in 2024,
breaking the 60 trillion Iraqi dinar barrier for the first time,
representing 40% of the Iraqi government's expenditures.
 
Al-Obaidi said in a post on his Facebook page, followed by Baghdad Today, that
 
"salaries have reached dangerous levels that will have a catastrophic impact on Iraq's economic situation." He explained that
 
in 2019, the value of government salaries was 40 trillion dinars, while
in 2024, it reached approximately 60 trillion dinars.  He pointed out that
 
"the value of salaries has increased by 50% over the past five years,
without any significant addition to
     non-oil revenues or
     improvement in services provided," asking,
 
"What is the benefit of increasing the value of the salary bill?"
 
For years, economic circles have been calling for radical reforms that include
 
     restructuring government jobs,
     reducing administrative laxity, and
     activating the private sector.

 However,  these proposals continue to face political and social resistance,
given that millions of Iraqis depend on government salaries as their primary source of income.
 
Government salaries in Iraq pose one of the most significant challenges to fiscal policy, as the state relies almost entirely on oil revenues to finance its expenditures, most notably salaries.
 
For years, warnings have been escalating about the inflation of this item without structural reforms or diversification of sources of income.    https://baghdadtoday.news/275578-40-60.html  

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-10-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins says the right to self-custody is a 'foundational American value'

▪️SEC Chair Paul Atkins hinted at more of an openness toward self-custody, marking a departure from the previous administration.

▪️Since President Donald Trump took office and following former Chair Gary Gensler’s departure, the agency has taken a warmer approach to crypto.

A New Crypto Vision Under the Trump and Atkins Era

U.S. Securities and Exchange Commission Chairman Paul Atkins is turning a new page at the agency in how it views self-custody, describing it as a "foundational American value."

In remarks delivered Monday at the SEC’s final Crypto Task Force Roundtable, titled "DeFi and the American Spirit," Atkins hinted more of an openness toward self-custody, marking a departure from the previous administration.

"The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet," Atkins said Monday. "I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities."

Since President Donald Trump took office and following former SEC Chair Gary Gensler's departure, the agency has taken a warmer approach to crypto in part through dropping enforcement actions against major crypto industry players and creating the crypto task force.

The task force has hosted five roundtable discussions over the past few months with a focus on tokenization, custody, trading, and defining securities.

Atkins has criticized the agency's previous approach, and on Monday, accused the agency of undermining the innovation in self-custody by asserting that developers could be brokers, and therefore, need to follow the SEC's rules.

"I do not believe that we should allow century-old regulatory frameworks to stifle innovation with technologies that could upend and most importantly improve and advance our current, traditional intermediated model," Atkins said. "We should not automatically fear the future."

Atkins also said he asked SEC staff to look into next steps.

"I have asked the Commission staff to explore whether further guidance or rulemaking may be helpful for enabling registrants to transact with these software systems in compliance with applicable law," he said.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

Trump's CFTC pick Quintenz pledges clear crypto classification in written remarks for Senate hearing

▪️Brian Quintenz, nominee for new CFTC chair, said he would support bringing clarity to crypto classification and jurisdiction for market oversight.
▪️Quintenz said he would utilize his experience as head of policy at a16z crypto to shape future regulations around crypto.

Brian Quintenz, nominee to lead the U.S. Commodity Futures Trading Commission, has pledged to provide clear classification and jurisdictional clarity for digital asset market regulation in a written statement shared ahead of his nomination hearing.

The former CFTC commissioner was nominated by President Donald Trump in February, and is scheduled to appear before the Senate Agriculture Committee for a nomination hearing on Tuesday.

"It is time for a comprehensive regulatory framework for crypto assets, including token classification clarity and clear jurisdiction for trading market oversight," said Quintenz. "I am fully prepared to use my experience and expertise to assist in that effort as well in executing any expanded mission should legislation pass into law."

@ Newshounds News™
Source:  The Block

~~~~~~~~

Nigeria Calls on BRICS To Switch Trading in Local Currencies

Nigeria has called on BRICS to switch to trading in local currencies and refrain from using the US dollar for cross-border transactions. During a meeting at the BRICS trade forum held in Brazil, Nigeria’s House Committee on Foreign Affairs, Wole Oke, said that the alliance must begin investing in each other’s economy to maintain equal economic stability for all.

At the trade forum, he urged BRICS to reduce usage of US dollar transactions and begin payments in local currencies. He also urged the bloc to reduce dependency on Western powers and uplift the economies of developing countries.

“Strengthening BRICS trade is no longer optional, it is a necessity. We must trade more with each other, invest in one another, and build a trade ecosystem that puts our people first,” he said, stressing that the time to use local currencies for trade is ripe.

The lawmaker proposed BRICS to create a new establishment for local currency settlements that cuts exposure to “volatile currency politics”. He added that investments must be made in all business sectors including pharmaceuticals, agriculture, manufacturing, and clean energy.

The foreign minister stressed that BRICS members have an overall GDP of 40% of the global economy, and the potential to make it even bigger is untapped and can be a success if local currencies are made the norm. Nigeria is among the 13 partner members of BRICS and is considering reshaping the global finances.

Nigeria Follows the Footsteps of BRICS, Makes Local Currencies Official

Just recently, the government of Nigeria announced that only their local currency, the Nigerian naira will be the official tender for oil trade in the country, ending dependency on the US dollar. 

All oil-refiners must use the local currency and the move could boost its prospects in the forex markets. The African country is looking to tackle the US dollar’s dominance by putting it second in line for oil payments.

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“Tidbits From TNT” Tuesday Morning 6-10-2025

TNT:

Tishwash:  With the participation of more than 300 international entities, the Investment Commission announces details of the first investment forum in Iraq.

The National Investment Commission announced details of Iraq's first investment forum on Tuesday, noting that the forum has strategic objectives to accelerate economic development .

The head of the commission, Haider Makiya, told the Iraqi News Agency (INA): "The upcoming investment forum, which the commission is organizing in coordination with the Iraqi Economic Council and under the direct supervision of the Prime Minister's Office, is the first of its kind since its establishment, and carries strategic goals to accelerate the wheel of economic development in the country ."

He added, "The forum seeks to introduce the 141 available investment opportunities that have received official approvals and are ready to be presented to local, Arab, and foreign companies," noting that "the opportunities cover diverse sectors, including industry, housing, renewable energy, communications, pharmaceuticals, agriculture, and others ."

He added, "The forum aims to attract the largest possible number of foreign and Arab companies to participate in infrastructure projects in Iraq, in addition to introducing international expertise to quality projects, in line with the investment law that requires the employment of skilled and unskilled Iraqi workers in projects ."

Makiya pointed out that "the event will be attended by more than 300 international entities, including countries and companies, representing a historic opportunity to showcase Iraq's investment potential ." link

Tishwash:  Baghdad to KRG: No Delegation Welcome Without Revenue Transfer

Baghdad has sent a clear message to the Kurdistan Regional Government (KRG), stating that no delegation from the region will be welcomed in the capital until the handover of oil and non-oil revenues is completed.

According to reports by Iraqi media on Sunday, the federal government will not engage in any negotiations regarding the payment of May salaries to employees, pensioners, and those on social welfare in the Kurdistan Region. This marks a continuation of a hardline stance by the federal authorities in Baghdad over revenue disputes.

The decision comes in response to the KRG’s alleged failure to comply with a ruling by the Federal Court. The court had previously mandated that all oil and non-oil revenues generated in the Kurdistan Region must be handed over to the federal treasury, a requirement the KRG has so far not fulfilled.

Officials in Baghdad say the current position will not change unless the Kurdistan Region meets its financial obligations. The dispute continues to impact public sector salary disbursements in the region, exacerbating existing economic tensions.  link

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Tishwash:  Securities: We are working to enhance the attractiveness of the Iraqi market through governance and expanding the corporate base

The Securities Commission announced on Monday that it is working to enhance the attractiveness of the Iraqi market through governance and expanding the corporate base. It also indicated a move to list new companies to encourage profitable investments.

"The commission has begun taking practical steps to develop the Iraqi Stock Exchange from within by enhancing investment attraction factors," board member Wadah Al-Taha told the Iraqi News Agency (INA), noting that "issuing the corporate governance guide for companies represents a fundamental step in this path."

He added, "In the next phase, the Authority seeks to list new companies through initial public offerings, which will help encourage local investors to invest in profitable companies that distribute periodic dividends, which will boost investor confidence and drive market revitalization."

He added, "Achieving these steps will send a strong message to foreign investors that the market is undergoing change and is transitioning towards a more transparent, sustainable, and effective risk-management environment." He noted that "current data indicates a significant improvement in indicators, which will enhance investment attractiveness and increase opportunities for attracting foreign investment."

Al-Taha emphasized that "the Iraqi market has become part of an international platform that includes nine other global markets. This means that the market is now under the scrutiny and monitoring of global markets, which requires preparation to face challenges and accelerate development steps." He pointed out that "the Commission's work is not limited to one file, but rather is carried out in parallel across several files, including developing a governance guide, intensifying training programs, and increasing the number of good, profitable, high-quality companies listed on the market, in order to achieve diversity that reduces risks and increases potential returns."

He continued, "The number of listed companies currently stands at 103, but the focus is on only 20 to 25 companies," explaining that "the Authority is working to diversify the market to provide investors with broader and more stable options."  link

Mot: ... Only ""ONE CURE"" for This Problem.... Let the ""RV"" Goooo!!! 

Mot:  ..... One stop shop! 

MM & Crew: The IQD Update-Reduction in Currency-Diminishing Liquidity-Trading partners-Value-Global Integration

MM & Crew:  The IQD Update-Reduction in Currency-Diminishing Liquidity-Trading partners-Value-Global Integration

6-10-2025

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=MkxSpBaPq3w

Iraq Economic News And Points To Ponder Monday Evening 6-9-25

A US Report Praises Iraq's Economic Policy: "A Quiet Return To The Global Energy Arena."

Energy    The American website International Policy Digest reported that Iraq is making a "quiet return" to the global energy scene, while questioning whether it can transform oil into sustainable economic influence while still facing "institutional fragility" and ongoing political volatility.

The report explained that Iraq is quietly recalibrating its energy diplomacy at a time when the global oil market is entering a new phase of volatility, shaped by shifting geopolitical alliances, demand trends, and the rapidly increasing priority of the transition to green energy.

The report noted that Iraq's recent agreements with China, India, and France indicate a strategic effort to diversify trade partnerships, allowing Baghdad to balance its economic future between Eastern and Western powers. However, it added, these deals reflect a larger dilemma: how to transform oil diplomacy into sustainable economic influence in a country that continues to face "institutional fragility" and ongoing political volatility.

The report considered that Iraq's heavy reliance on oil has made Baghdad vulnerable to global economic shocks, adding that Iraq's energy strategy has traditionally focused on exports to Western markets, and that ongoing political instability has led many Western companies to hesitate to invest in the long term.

To address this, Iraq has increasingly turned to Asia, and to a lesser extent, Europe, in its quest for economic stability and geopolitical importance, the report noted. China has rapidly emerged as Iraq's energy partner, importing 1.19 million barrels per day (bpd), representing a third of Iraq's oil exports despite not being formally part of the Belt and Road Initiative. Chinese corporate investments are cementing Beijing's role as another Asian power in energy diplomacy.

The agreement reflects a similar logic, demonstrating Chinese state-backed companies in Iraq's reconstruction while gaining long-term access to strategic goods.

However, as China consolidates its position through large-scale investments and control of commodities, another Asian power is gaining ground through a more aggressive form of energy diplomacy. India, now the world's third-largest oil consumer, is increasing its purchases of Iraqi oil, with its purchases from Iraq expected to exceed those from Saudi Arabia by 2024.

In addition to this Asian component, the report stated that Iraq's oil diplomacy with France adds a key European layer to Baghdad's diversification strategy, including through the agreement with TotalEnergies in 2023. It added that the two-year suspension of the agreement, followed by its resumption, confirms Baghdad's willingness to pursue deeper engagement with European stakeholders.
The report continued, "Most importantly, this agreement with the French also includes solar infrastructure, signaling the reality that the dominance of fossil fuels has an expiration date." Equally important, the French partnership demonstrates Iraq's desire to keep diplomatic doors open with the West, even as it expands eastward.

However, the report stated that Iraq's energy landscape continues to be shaped by powerful regional players, including Iran and Turkey. Turkey has leveraged its role in Iraq's electricity supply to exert political influence, but Baghdad's repeated failure to pay for Iranian energy has led to recurring power outages, giving Tehran significant leverage over Iraq's domestic stability.

After noting the often-complicated clash between Turkey's ambitions to become a regional energy corridor and Iraq's infrastructure constraints, the report explained that nowhere was this more evident than in the case of the Kirkuk-Ceyhan pipeline, a vital oil export artery that has been out of service since 2022. Legal disputes over Kurdish oil exports and revenues have complicated its re-operation, although bilateral negotiations may be making progress.

Thus, the report stated that within the broader context, Iraq's energy diplomacy appears simultaneously expansive and restrictive. On the one hand, Baghdad is expanding its economic base and diversifying its international partners, but on the other, its ability to implement a long-term political vision remains at risk due to internal divisions and external dependencies.

The report went on to explain that the Iraqi government's current five-year plan requires greater economic diversification, but without deeper structural reform, oil diplomacy risks becoming a short-term solution to governance failures.

However, the US report considered Iraq's advanced strategy to have significant weight, explaining that with the shift in global demand for oil and the geopolitical transformation of energy toward a multipolar system, mid-level producers like Iraq can play a significant role in shaping future energy dynamics.

He added that Baghdad's balancing policy of building relationships across Asia and Europe, while avoiding over-reliance on any one party, is part of a strategic hedging strategy. The success of this strategy hinges not only on its reliance on international engagement, but also on the country's ability to rebuild local institutions and policy infrastructure.

The report concluded by stating that "energy diplomacy in Iraq is about more than just barrels and buyers," explaining that it reflects a broader experience, and questioning whether the resource-rich but "politically fragile" country can turn economic need into geopolitical advantage.

He continued by saying that if Iraq succeeds, its emerging energy strategy could mark the beginning of a new chapter, one that relies not only on diversifying its buyers, but also on recalibrating its foreign policy. He explained that by courting both Eastern and Western powers, Baghdad is asserting itself not only as a passive source, but as an increasingly deliberate player in the future of global energy policy. https://economy-news.net/content.php?id=56158

Gold Prices Stabilize Amid Anticipation Of A New Round Of Talks Between The US And China.

Monday, June 9, 2025 | Economic Number of reads: 215   Baghdad / NINA / Gold prices stabilized on Monday, amid hopes that a new round of trade talks between the United States and China could ease tensions between the world's two largest economies.

The precious metal was traded above $3,306 an ounce, after falling on Friday with the release of better-than-expected US jobs data, which eased some concerns about a slowdown in the US economy.

Top trade negotiators from Washington and Beijing are scheduled to hold a new round of talks in London on Monday, with a particular focus on China's dominance in rare earth production.

Silver remained stable, while palladium and platinum recorded a slight decline. https://ninanews.com/Website/News/Details?key=1233365

Al-Sudani Confirms The Continuation Of Work On Construction, Reconstruction And Development Projects Throughout Iraq

Monday, June 9, 2025 | Politics Number of reads: 257   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed the continuation of work on construction, reconstruction and development projects across Iraq.

Al-Sudani said during his meeting with a number of sheikhs and dignitaries of Anbar Governorate, hosted by the Chairman of the Anbar Tribal Council of Sheikhs, Head of the Al-Bu Dhiab Tribe, Sheikh Hamid Turki Al-Shawka: "We conducted continuous tours in the governorates and developed a special plan for each governorate that suits its service and economic conditions."

He added: "Anbar has many potentials and opportunities, and the government has provided great support to the local government to complete stalled projects and establish new ones."

The Prime Minister continued: "Gas investment in Anbar is at the top of the government's priorities, and we have directed the completion of the Akkas field project, which will provide fuel for the 1,600 megawatt Anbar gas station."

Politically, Al-Sudani said: "Iraq's positions are based on its national interests, mutual respect, and non-interference in internal affairs. We have kept Iraq away from the circle of conflict in the region and emphasize its important pioneering role through its presidency of the Arab Summit and the Development Summit.

We have a vision for the most important challenges and problems and have provided solutions for each file and structural reforms in every sector."

He went on to say: "We proposed the Strategic Development Path project and worked to engage friends and brothers according to a vision of intertwined interests. We directed to address the water scarcity crisis, and the government has put in place mechanisms and plans to confront this crisis."

During the meeting, Al-Sudani offered his sincere congratulations on the occasion of Eid al-Adha, asking God Almighty to spread security and stability throughout Iraq and to alleviate the suffering of our people in Palestine and Lebanon in the face of the ongoing Zionist aggression.

He pointed to the image of cohesion and solidarity among our people from all governorates, and the role of tribes in facing various challenges, most notably the challenge of terrorism, stating:

"The security and stability that Iraq enjoys is thanks to the blood of the martyrs and wounded heroes," stressing the endeavor in this atmosphere to achieve more construction, reconstruction and development throughout Iraq. / End   https://ninanews.com/Website/News/Details?key=1233398

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