Iraq Economic News And Points To Ponder Saturday Morning 6-14-25

Al-Sudani To US Diplomat: Iraq Will Take All Necessary Measures To Defend Its Sovereignty And Airspace.

Time: 2025/06/13 16:27:01 Read: 1,170 times  {Political: Al Furat News} Prime Minister Mohammed Shia al-Sudani received today, Friday, the Chargé d'Affaires of the United States Embassy in Iraq, Stephen Fagin, and the Commander of the International Coalition Forces to Fight ISIS, General Kevin Leahy, following the dangerous developments resulting from the attack on the Islamic Republic of Iran.

Al-Sudani reiterated Iraq's firm and decisive position that the actions against Iran constitute a flagrant violation of international law and an act of aggression that undermines the rules of the international order and threatens regional and international security.

He emphasized that the timing of the attack, which came at a time when diplomatic efforts were still underway, not only undermines de-escalation efforts but also reveals a deliberate intent to escalate and drag the region into a wider confrontation, rather than prevent it.

The Prime Minister reiterated his categorical rejection of the use of Iraqi territory or airspace to carry out or facilitate any aggressive acts against any neighboring country, affirming Iraq's right and responsibility to protect its sovereignty and that the Iraqi government will take all legal measures to this end. He also called on all international parties to respect this principle.

Al-Sudani stressed the need for the international community, particularly the UN Security Council, to take responsible and direct steps to reaffirm the prohibition on the use of force and work to prevent the region from sliding into a cycle of uncontrolled violence.

For his part, the Chargé d'Affaires and Commander of the Coalition Forces affirmed the United States' stated position of not participating in the attack in any way, noting their country's commitment to not involving Iraq in the conflict, in accordance with the Strategic Framework Agreement signed between the two countries.   LINK

The Federation Of Industries Reveals A "Qualitative Shift" In The Path Of Iraqi Industry.

Local   The head of the Iraqi Federation of Industries, Adel Akab, confirmed on Friday that the launch of the "National Code Platform" to introduce Iraqi industrial products represents a qualitative shift in the path of supporting local industry and empowering the private sector.

Akab told the official agency, followed by Al-Eqtisad News, that "Iraqi industry has always lacked an approved national code or a reliable barcode that would be recognized globally, which has been an obstacle to enhancing confidence in local products, especially in foreign markets.

" He explained that "the Iraqi Federation of Industries had previously adopted this file in 2010, but it was not activated due to the lack of appropriate conditions and weak institutional support at the time."

He added, "With direct support from Prime Minister Mohammed Shia al-Sudani, and through tireless efforts and direct coordination with the Industrial Coordination Council, the union has obtained official authorization to be the body authorized to issue the national code for industrial products, especially after a number of Iraqi goods entered the export pipeline. This requires providing reliable standards that specify the country of origin, the percentage of local manufacturing, and inspection and validity details."

He explained that "the program launched last Thursday is not limited to identifying Iraqi goods alone, but rather represents an integrated system to protect the national economy and enhance food and medicine security through a massive central database that documents local production and enables institutions and citizens alike to know the extent of available and surplus stock at any given time."

He continued, "The applied code includes all product information, including date, location, and type of production. It can also be tracked electronically via mobile phone in any country, which helps identify and easily monitor product locations." He emphasized that "this system ensures protection against counterfeiting and is adopted in all countries around the world."

He pointed out that "the launch of the project represents an official transition into implementation, following extensive preparatory work behind the scenes, and is an important step towards enhancing the reliability of the Iraqi product."

On June 5, Prime Minister Mohammed Shia al-Sudani launched the "Iraqi National Code" platform for QR codes to promote Iraqi industrial products. https://economy-news.net/content.php?id=56265

Iraqi Oil Prices Jump On Global Markets

Economy | 11:29 - 06/13/2025   Mawazine News - Baghdad -  Iraqi oil prices rose on Friday during daily trading in the global market. According to data reviewed by Mawazine News, Basra Medium crude oil recorded $68.44 per barrel, while Heavy crude oil recorded $65.64 per barrel, with a change of +2.08 for both

The data also showed global oil prices, with British Brent crude recording $74.37 per barrel, while US West Texas Intermediate crude oil recorded $73.28 per barrel, with a change of +5.01 and +5.24, respectively.   https://www.mawazin.net/Details.aspx?jimare=262479

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 6-14-25

Good morning Dinar Recaps,

SEC, Ripple File Motion to Release $125M in Escrow as Case Winds Down

The lawsuit against Ripple, filed by the United States Securities and Exchange Commission (SEC) in December 2020, is finally wrapping up.

Ripple and the SEC filed a joint motion on Thursday to release $125 million in funds held in an escrow account to pay for settlement costs ordered by the court.

According to the letter submitted by both parties, $50 million will be transferred to the SEC for the civil penalty against Ripple, with the remaining $75 million transferred back to Ripple, pending court approval. The filing attorneys wrote:

"The parties’ proposed resolution will preserve the resources of the Second Circuit by avoiding the need to decide appeals, obviate any remand for further proceedings in this Court, and bring 4.5 years of hard-fought litigation to an end."

SEC and Ripple Wind Down Case Following 2024 Ruling

In July 2023, Judge Analisa Torres ruled that secondary sales of the XRP (XRP) token are not securities, granting Ripple and the crypto industry a partial yet major victory.

However, the Judge also ruled that selling XRP to investors during funding rounds did constitute securities sales, due to how the tokens were offered as compensation for investment in a business enterprise.

As a result, Ripple was ordered to pay a $125 million penalty to the SEC as per a subsequent ruling from Judge Torres in August 2024.

Unsatisfied with the outcome, the SEC filed an appeal in October 2024 — roughly one month ahead of the 2024 U.S. presidential election.

Brad Garlinghouse, the CEO of Ripple, announced that the SEC was dropping the appeal, in a March 19 X post, accompanied by a video statement from the CEO celebrating the outcome as the de facto “ending” of the case.

Shortly after the announcement, Ripple agreed to drop its cross-appeal with the SEC. The crypto firm also secured a refund from a lower court, allowing it to retain $75 million of the $125 million penalty stipulated in the August 2024 ruling.

@ Newshounds News™
  Source: Cointelegraph   

~~~~~~~~~

BRICS & De-dollarization: US Dollar Faces Severe Crisis as Allies Exit

The BRICS de-dollarization efforts have catalyzed various major transformations as member nations—and others—implement strategic measures to reduce dollar dependency in international trade.

Through several key approaches, the economic bloc has spearheaded what experts describe as a severe US dollar crisis via local currency agreements and alternative payment systems.

Across multiple significant areas, this global trade shift has become the most substantial challenge to American financial dominance. The BRICS currency alternative is gaining momentum through bilateral agreements.

The use of the US dollar in trade among BRICS countries has been reduced to approximately one-third of its previous level, and the de-dollarization impact now extends beyond economics, as nations seek greater financial sovereignty and independence.

BRICS Push New Currency as Dollar Loses Trust in Global Trade Shift

Bilateral Currency Agreements Accelerate BRICS De-dollarization

Through numerous developments, BRICS de-dollarization initiatives have reshaped global trade via direct bilateral currency agreements.

• Russia and China have led the way, with over one-third of Russian trade conducted in Chinese yuan by the end of 2024. The share of ruble-based exports rose from 10% to over 40% during the first year of the Ukraine conflict, highlighting how geopolitical pressure can hasten these shifts.

• Brazil has also advanced this agenda. At the 2023 business forum in Beijing, China and Brazil established direct exchanges between the Brazilian real and the yuan. Brazilian banks now use China’s cross-border payment system, making yuan transactions simpler and more efficient.

• India and the UAE entered an agreement to trade in Indian rupees, including a major deal where India purchased one million barrels of oil and paid in rupees. This deal occurred days before the UAE’s BRICS invitation, signaling widespread interest in dollar alternatives.

• Tanzania’s ban on the US dollar helped pave the way for neighboring countries like Kenya and other East African Community nations to explore similar paths.

BRICS Pay System Challenges Western Financial Infrastructure

BRICS nations have developed BRICS Pay, a decentralized payment messaging system that allows transactions in local currencies, aiming to reduce dependence on Western systems like SWIFT. This is a technological breakthrough in the bloc’s de-dollarization effort and a direct challenge to US financial dominance.

The New Development Bank (NDB) plays a crucial role in this transformation. With an authorized capital of $100 billion, the NDB has financed infrastructure projects in local currencies, reinforcing financial sovereignty and weakening traditional Western institutions.

In Brazil, the NDB has financed BRL 1,041 million (RMB 1,425 million) to expand power distribution infrastructure.

• In Russia, the NDB provided $68.8 million for the Ufa East Exit Project.

These investments show how de-dollarization is evolving from policy into tangible infrastructure and economic development.

@ Newshounds News™
Source: Watcher.Guru

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Realized Cap: XRP Overtakes Solana

While attention focuses on upcoming regulations and ETFs in the making, a less-publicized technical indicator is reshuffling the deck. XRP has recorded a fourfold increase in its realized capitalization compared to Solana.

This capital shift hints at a deeper and unexpected market dynamic, challenging the current wave of enthusiasm around Solana. Behind this metric, a change in investor perception appears to be unfolding—returning XRP to a central role in the altcoin arena.

▪️ XRP shows a +4.2% increase in realized capitalization vs. +1% for Solana over the past 30 days
▪️ The difference suggests a rapid capital rotation toward XRP, signaling short-term renewed investor confidence
▪️ Webus International, VivoPower, and Wellgistics have committed over $470 million to XRP treasury strategies
▪️ XRP is aligning with institutional standards, while Solana enters a consolidation phase

The Indicator Reshaping the Map: XRP Leads Solana

While ETFs may eventually push both XRP and Solana to new highs, Ripple’s token has already surged ahead in terms of realized capitalization—a key on-chain metric. According to Glassnode, XRP is up +4.2% in 30 days, while Solana has risen just +1%.

This clear differential shows accelerated fund inflows into XRP, suggesting traders and investors are showing short-term renewed conviction in the asset.

In contrast, Solana’s slower pace comes despite being a focal point in ETF discussions. This divergence implies that real capital flows are favoring XRP, which may not yet be reflected in market buzz.

Understanding Realized Capitalization

To grasp the importance of this evolution, it’s essential to understand the metric itself:

▪️ Realized capitalization represents the aggregated value of tokens based on their last transaction price—a more accurate reflection of “activated wealth”
▪️ XRP: +4.2% increase signals not just speculation, but committed capital inflows
▪️ Solana: +1% suggests a consolidation phase or waning buyer momentum
▪️ The direct read: investors may be shifting into XRP for yield, stability, or tactical repositioning

In fast-moving markets where technical indicators carry weight, this shift in realized cap could mark the early stages of a broader trend.

Institutional Adoption & Legal Clarity Boost XRP

A major driver behind XRP’s momentum may be institutional engagement:

• Webus International ($300M)

• VivoPower ($121M)

• Wellgistics ($50M)
  Together, these firms have committed over $470 million to XRP treasury strategies.

Additionally, Trident, a Nasdaq-listed company in Singapore, is planning to raise $500 million, also focused on XRP.

These moves come amid a dramatically improved legal climate for Ripple. The SEC and Ripple recently filed a joint motion to dissolve an injunction and cancel a $125 million penalty, signaling potential resolution of long-standing regulatory hurdles.

Unlike Solana, which relies on its developer ecosystem and ETF hype, XRP is increasingly viewed as an operational treasury asset—bridging traditional finance and crypto.

From Speculative Token to Strategic Reserve

By combining:

• Rising technical indicators

• Institutional capital allocation

• Legal resolution with the SEC

XRP appears to be undergoing a strategic transformation—from a speculative token to a practical institutional-grade reserve asset.

If sustained, this shift could mark a lasting turning point in XRP’s role within the global financial system, far beyond temporary price movement.

@ Newshounds News™
Source: Cointribune   

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“Tidbits From TNT” Saturday Morning 6-14-2025

TNT:

Tishwash:  The size of Iraq's external and internal debt 

The Central Bank of Iraq revealed on Saturday the size of Iraq's external and domestic debts for 2024.

The bank stated in an official statistic, a copy of which was received by the (Video News) Agency, that the volume of debt owed by Iraq in 2024 amounted to 54 billion and 601 million dollars, a decrease of 2.94% compared to 2023, in which the debt amounted to 56 billion and 207 million dollars.

It added that the internal public debt amounted to 85 trillion and 586 billion dinars at the end of June, an increase compared to 2024, in which the internal debt amounted to 83 trillion and 80 billion dollars. link

Tishwash:  International coalition air defenses shoot down a drone near Ain al-Asad base.

 A security source reported that a drone was shot down near Ain al-Asad Air Base in Anbar.

The source said, "The defenses of the international coalition forces shot down a drone near Ain al-Asad Air Base."

He added, "The aircraft is unknown and will be identified through forensic examination." link

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

Tishwash:  The Iraq Investment Forum has been postponed until further notice.

The Iraqi Economic Council announced, on Friday, the postponement of the Iraq Investment Forum, which was scheduled to be held on June 14 and 15, until further notice.

The council said in a statement received by the Iraqi News Agency (INA), that "the final preparations for holding the forum have been fully completed, and official invitations have been sent to guests from more than 35 Arab and foreign countries."

The statement added that "the postponement decision came as a result of the repercussions and unstable conditions in the region, which directly affect Iraq and neighboring countries, and led to the closure of airspace and airports in a number of countries, including Iraq."

It indicated that "the Supreme Organizing Committee has decided to postpone the forum until further notice to be determined later."  link

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

Tishwash:  Al-Sudani to the US Chargé d'Affaires: We will take all necessary measures after the use of Iraqi airspace to bomb Iran.

Prime Minister Mohammed Shia al-Sudani reiterated his rejection of the use of Iraqi territory or airspace to carry out aggressive acts against any neighboring country, while affirming the country's right to take legal action in this regard.

The Prime Minister's Office said in a press statement that "al-Sudani received the Chargé d'Affaires of the United States Embassy in Iraq, Stephen Fagin, and the Commander of the International Coalition to Defeat ISIS, General Kevin Leahy, following the dangerous developments resulting from the attack on the Islamic Republic of Iran."

According to the statement, al-Sudani pointed out "Iraq's firm and decisive position that what happened against Iran represents a flagrant violation of international law and an aggressive act that undermines the rules of the international system and threatens regional and international security," stressing that "the timing of the attack, which came at a time when diplomatic efforts are still underway, not only weakens de-escalation efforts, but also reveals a deliberate intention to escalate and drag the region into a wider confrontation rather than prevent it."

He reiterated Iraq's absolute rejection of the use of Iraqi territory or airspace to carry out or facilitate any aggressive acts against any neighboring country, and emphasized Iraq's right and responsibility to protect its sovereignty, stressing that the Iraqi government will take all legal measures to this end, while calling on all international parties to respect this principle.

Al-Sudani also stressed "the need for the international community, especially the United Nations Security Council, to take responsible and direct steps to reaffirm the prohibition on the use of force and work to prevent the region from sliding into a cycle of uncontrolled violence."

For his part, the Chargé d'Affaires and Commander of the Coalition Forces affirmed the United States' declared position of not participating in the attack in any way, indicating their country's keenness to prevent Iraq from being drawn into the conflict in accordance with the Strategic Framework Agreement signed between the two countries. link

Mot: Camping is Fun - They Said!!! 

Mot: Its Getting - out of hand it is!!!  

Monetary Reset and Debt Jubilee?

This Ends in Chaos: Bloodshed and Revolution in Coming Debt Collapse

Daniela Cambone:  6-13-2025

“I don’t see how we make it to the end of Trump’s four-year term without some sort of very extreme debt event,” warns Tom Bilyeu, CEO of Impact Theory.

In his conversation with Daniela Cambone, Bilyeu argues that U.S. government, corporate, and individual debt levels are unsustainable. To maintain social and economic stability, he believes the country will be forced to print massive amounts of money—eroding the dollar’s value and widening the wealth gap.

“We’re gonna print, print, print to calm people down because nobody has the discipline to say, ‘Yeah, it’s gonna suck, but it’s gonna suck a lot less than the implosion of the entire economy.’”

Bilyeu also addresses the growing discussion around a “monetary reset,” which he interprets as a debt jubilee—a dramatic cancellation of debts that has historically triggered unrest.

 “Take your revolutionary pick… whether you like your chaos in the French style or the American Revolution—those are never subtle.”

Chapters:

 00:00 The precarious state of U.S. debt

03:43 Basic steps for protecting your finances

07:00 Why can’t the Fed fix this?

10:00 Consumer debt hits alarming levels

 11:43 How close are we to a breaking point?

12:46 Trump’s vision for America and its consequences

15:43 The case for a monetary reset

17:00 Could a gold-backed system return?

18:55 Economic unrest on the streets of L.A.

20:43 A potential awakening moment for the nation

23:26 Tom’s view on the physics of money

26:27 Tom’s advice to everyday Americans

https://www.youtube.com/watch?v=W_1Piyj9dpU

Iraq Economic News And Points To Ponder Friday Afternoon 6-13-25

Government Advisor: The Iraqi Dinar Is Stable, But The Parallel Market Is Witnessing A Significant Decline In The Value Of The Dollar.

Time: 2025/06/13 00:40:12 Reading: 1,830 times   {Economic: Al Furat News} The Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, confirmed that the Iraqi dinar is witnessing remarkable stability, noting that the stability of the exchange rate represents an important indicator in financing the demand for external transfers for trade purposes at a fixed and stable rate.

Saleh told Al Furat News Agency, "The success of monetary policy in adopting solid operational targets for external transfers, particularly for import financing purposes, has had a significant impact on this stability."

He added, "This policy is supported by highly commercially efficient foreign reserves, covering more than 15 months of imports, compared to the global standard of no more than three months as an indicator of the role of foreign reserves in price stability."

The Prime Minister's advisor explained that this "indicates a broad decline in the parallel exchange market during the current year," stressing that this decline "has had a positive impact on lower inflationary expectations."  LINK

Despite market closures, the dollar rises to a record high in Iraq.

Buratha News Agency1542025-06-13  The dollar exchange rate rose against the Iraqi dinar today, Friday (June 13, 2025), during trading on the main stock exchange and the local market.

A press source said that the dollar exchange rate reached 147,000 dinars for every 100 US dollars on the main stock exchange in the capital, Baghdad.

While the US dollar exchange rate yesterday recorded 143,350 dinars for every $100 on the main stock exchange in the capital, Baghdad.   https://burathanews.com/arabic/economic/461333

The Iraqi Economic Council decides to postpone the Iraq Investment Forum until further notice.
Friday, June 13, 2025 11:50 | EconomicNumber of reads: 247

Baghdad / NINA / The Iraqi Economic Council decided to postpone the Iraq Investment Forum until further notice due to the unstable repercussions in the region. / End https://ninanews.com/Website/News/Details?key=1234061

Gold Records A Huge Jump After The Israeli Strike Against Iran.

Stock Exchange   Gold prices continued their rise on Friday evening, recording their highest level in nearly two months.
Prices are heading for weekly gains amid strong investor appetite for safe-haven assets following the Israeli aggression on Iran.

Spot gold rose 1.2% to $3,423.30 per ounce by 0544 GMT, after reaching its highest level since April 22 earlier in the session.  The precious metal is up about 3.4% so far this week. US gold futures rose 1.2% to $3,444.50. https://economy-news.net/content.php?id=56259

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

Russia and China’s BRICS Currency Just Went Public

Russia and China’s BRICS Currency Just Went Public

Tech Revolution:   6-13-2025

For months, the world has been abuzz with speculation: When will the BRICS nations unveil their alternative currency, poised to challenge the dominance of the U.S. dollar?

The answer, it seems, has already arrived, but not in the form everyone anticipated. Instead of a grand unveiling of a new coin, Russia and China are quietly, strategically, building a comprehensive system designed to bypass the dollar’s influence in key sectors of the global economy.

This isn’t a flashy revolution; it’s a subtle but powerful shift. It’s not about branding or pronouncements, but about building infrastructure that empowers nations to trade and transact outside the traditional dollar-centric framework.

 The focus is on developing parallel systems that offer alternatives, making global trade less reliant on a single currency.

The brilliance of this approach is that it avoids a direct assault on the dollar. Russia and China aren’t forcing countries to abandon the dollar; they are providing options and incentives.

Energy deals are being forged in yuan and rubles, while cross-border platforms are making local currency trade a viable option.

The long-term impact is potentially significant. As these alternative systems prove their reliability and efficiency, the incentive to hold large U.S. dollar reserves will diminish.

This isn’t about launching a financial war; it’s about offering alternatives and allowing global trade to evolve organically. And that shift, however subtle, is gaining momentum.

The world is witnessing the emergence of a parallel financial system, built brick by brick, that is quietly reshaping the global economic landscape.

Watch the video below from Tech Revolution for more information.

https://youtu.be/7xs_l2TMc7o

Coffee with MarkZ, joined by Mr. Cottrell. 06/13/2025

Coffee with MarkZ, joined by Mr. Cottrell. 06/13/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy Friday the 13th…….good luck to all…lol

Member: we are at another weekend…hope its memorable

Member: WOW! I just looked it up…Saturday is actually National Go RVing Day!!!!

Member:  National Go RVing Day is celebrated on the second Saturday of June. In 2025, this falls on June 14th. This day encourages people to explore the RV (Recreational Vehicle) lifestyle and embrace the freedom of RV travel.

MZ: That is perfect………lol  I love it.

Member: Tomorrow is also Flag day and Trumps birthday…would love it to also be our RV (Revaluation) day. Plus Sunday is Fathers Day.

Member: I f the dinar is a scam, boy they sure are putting in a lot of work to keep up appearances. Lol

MZ: And if it is…they somehow convinced Trump and Warren Buffet and the US Treasury to buy millions of it…..along with JP Morgan Chase bank and other countries-who  have loaded up on it. If it’s a scam ….they have gone to a lot of effort…..but it isn’t a scam.

MZ: We don’t know the timing…but it is not a scam.

Member: Is this attack on Iraq the start of the RV or a distraction?

MZ: Maybe its both . We may be heading to a culmination here. With this unrest gas and oil prices are about to go up…they may spike in the next day or two…which will mean a spike at the gas pumps

MZ: oil prices are in the low 70’s right now….a oil price spike would put Iraq well above the number they needed to revalue their currency.

Member: Kim Clement prophesied Iraq would RV after Israel attacked Iran.

Member: breaking - Iraqi Prime Minister Mohammed Shia al-Sudani, reaffirmed Washington’s commitment to keeping Iraq out of the ongoing conflict - zoom news

Member: I wonder what does the timeline look like now? Do we have to wait for this war to finish before we seen an RV??

MZ: Overwhelmingly what I have heard from bond contacts, group contacts, paymasters and Iraq contacts…..they all agree that this acceleration of unrest and this conflict in Iran will move things forward. They believe this will wrap up loose ends and finish this revaluation. They all agree this will not be a delay or a speed bump…but will accelerate the reset….so I am hopeful.

Member: guess there is no new bond or banking news today……..

MZ: Glad you reminded me. One of my contacts said they did not get their final contracts this week…..even though they had expected them on Friday. Historical Assets…….in boxes with specific art on them like double crossed guns and dragons….. There was an uptick on folks like the royal dragon families and other royal familes like from indonisia ect….. are trying to get hold of them.  

MZ: This is not globalists…but truly “old money”  are trying to pick up these old assets. This tells me we are close because they are trying to unload their fiat dollars and load up on historical assets that carry more value. They can also use these assets to back loans.

MZ: I do not believe they would be parting with billions of dollars if this was not ready to flip. IMO

Member: Are bankers or redemption center folks working this weekend?

MZ:I don’t know. I usually get an update on Thurs. or Fri.  They have not responded yet.

Member: Everyone stay safe this weekend and far away from all the riots. God help the USA.

Member: Happy Fathers Day to all celebrating this Sunday.  

Member: Happy Friday 13! Stay Positive! Thanks to all who help you and Thanks to you too for this good site

Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=7SDXD7CtQWc

Iraq Economic News And Points To Ponder Friday Morning 6-13-25

Parliamentary Security: Evacuation Of The US Embassy Indicates A Strike Against Iran

A wish | 10:51 - 12/06/2025  Mawazine News - Baghdad -  Member of the Parliamentary Security and Defense Committee, Mohammed Al-Shammari, confirmed on Thursday that the evacuation of the US embassy in Baghdad indicates the presence of a strike against Iran.

He pointed out that Iraq is within the circle of the Iranian-American conflict and that military bases are within range of missiles.

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

Al-Shammari said in a televised interview, "The evacuation of the US embassy may indicate the presence of a strike against Iran, knowing that the Islamic Republic will respond anywhere connected to America and Israel, in addition to the close range of retaliatory strikes in Iraq."

He added, "Iraq's position is balanced in its relations with all parties, and Iraqi security is fully secured, but the external repercussions are uncontrollable. All we have to do is mediate if the other parties want to respond."

He continued, "Trump does not view countries as a parallel or equal party, but rather sees himself above everyone, and this is difficult to deal with."

He added, "Both parties do not consider Iraq's good intentions and will, but rather see it as an arena for settling scores. Iraq is now within the circle of war between Iran and the US, and all its military bases are within range of Iranian missiles."

He explained that "Iraq has no official contact with Israel, and what halted the threatened strike on Iraq was the Iraqi government's high-level diplomacy, with the bulk of it coming from the United States."
He continued, "There is an agreement and a schedule for the full withdrawal of security forces from Iraq within the next year."      https://www.mawazin.net/Details.aspx?jimare=262466

Spokesman For The Commander-In-Chief: All Diplomatic Missions Operating In Iraq Enjoy The Widest Range Of Safe Operations

Thursday, June 12, 2025, 1:42 PM | Politics Number of reads: 374   Baghdad / NINA / The spokesman for the Commander-in-Chief of the Armed Forces, Sabah Al-Numan, confirmed today, Thursday, that all Arab and foreign diplomatic missions operating in Iraq enjoy the widest range of safe work, freedom of communication and effectiveness, and carry out their activities normally, whether in the capital, Baghdad, or in the various governorates.

Al-Numan told the official agency: "The evacuation of some employees of the US Embassy, ​​from Iraq or other regions in the Middle East, is an organizational precautionary measure related to them, and has nothing to do with the presence of any field security indicator inside Iraqi territory."

He added that "all security indicators and briefings that we receive on a daily basis confirm the escalation of stability and the establishment of internal security throughout the country."

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

He stressed that "all Arab and foreign diplomatic missions operating in Iraq enjoy the widest range of safe work, freedom of communication and effectiveness, and carry out their activities normally, whether in the capital, Baghdad, or in the various Iraqi governorates," explaining that "the security forces continue to implement their plans with high efficiency to ensure security and stability, and intelligence and field reports do not indicate the existence of actual threats that would affect the work of the missions or the general situation in the country."

Al-Naaman continued, "The Joint Operations Command and other security agencies are following all developments and confirm the continuation of work with a high level of readiness and the ability to deal with any emergency in accordance with approved professional standards." / End https://ninanews.com/Website/News/Details?Key=1233833

Oil Prices Rebound After 'Wave Of Anxiety' In The Middle East

Economy | 09:20 - 12/06/2025  Mawazine News - Follow-up:
Oil prices retreated on Thursday, reversing gains made after exceeding $70 a barrel, due to moves to reduce the number of US diplomats in the region and fears of a potential US-Iranian clash.

Brent crude futures fell 30 cents, or 0.4 percent, to $69.47 a barrel, while US West Texas Intermediate (WTI) crude fell 23 cents, or 0.3 percent, to $67.92 a barrel.

The previous day, Brent and WTI rose more than 4 percent to their highest levels since early April, as US President Donald Trump said the US was moving its forces because the Middle East "could be a dangerous place" and that the US would not allow Iran to acquire a nuclear weapon.

Escalating tensions with Iran have raised the possibility of oil supply disruptions, with the two sides scheduled to meet on Sunday. "Some of the rally in oil prices that pushed Brent above $70 a barrel was overblown.

The US has not identified any specific threat of an Iranian attack," said Vivek Dhar, director of mining and energy commodities research at Commonwealth Bank of Australia.

 "The pullback is logical, but the geopolitical premium that is keeping Brent above $65 a barrel is likely to persist until there is clarity on the US-Iran nuclear talks."
https://www.mawazin.net/Details.aspx?jimare=262424

The Dollar Exchange Rate Rose In Local Markets

Economy | 12/06/2025  Mawazine News - Baghdad:  The US dollar exchange rate rose on Thursday morning in Baghdad markets, with the following prices: 142,750 Iraqi dinars for sale per $100,   and 140,750 dinars for purchase per $100.
https://www.mawazin.net/Details.aspx?jimare=262432

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Gold Continues To Gain On Middle East Tensions

Thursday, June 12, 2025, 10:46 AM | Economic Number of reads: 249
Baghdad / NINA / Gold continued its gains for the second session, supported by rising tensions in the Middle East, in addition to strengthening its appeal as a safe haven, after US President Donald Trump said that he would notify trading partners of customs tariff rates within one to two weeks.

According to Bloomberg, the precious metal rose by 0.6% to approach $3,373 per ounce, continuing the 1% gains it recorded in the previous session, when it also benefited from the decline of the dollar.

Buying interest increased after the United States ordered some embassy staff to leave Baghdad and allowed families of American military personnel to leave the Middle East, following Iran's threat to attack US bases if talks over its nuclear program collapse and it is attacked. / End https://ninanews.com/Website/News/Details?key=1233802

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

Seeds of Wisdom RV and Economic Updates Friday Morning 6-13-25

Good Morning Dinar Recaps,

SEC Axes Biden-Era Proposed Crypto Rules in Flurry of Repeals

The U.S. Securities and Exchange Commission (SEC) has rescinded a wide slate of proposed rules introduced under the Biden Administration, including two that directly targeted crypto custody and DeFi protocols.

In a move reflecting President Donald Trump’s regulatory rollback agenda, the SEC said on Thursday that it is officially withdrawing several notices of proposed rulemaking issued between March 2022 and November 2023, during former Chair Gary Gensler’s tenure.

The agency emphasized that it “does not intend to issue final rules with respect to these proposals,” but left the door open to propose new rules in future regulatory actions if deemed necessary.

“Down goes 3b16, qualified custodian, and all the other unfinished Gensler rule proposals,”
— Paul Grewal, Coinbase Chief Legal Officer

Exchange Definition Rule Nullified

Among the 14 rules withdrawn, a key proposal was Rule 3b-16, which aimed to expand the definition of “exchange” to include decentralized finance (DeFi) protocols. The amendment also intended to tighten crypto custody standards for investment advisers.

The rule sought to include in the definition of “exchange” systems that offer non-firm trading interest and communication protocols to connect buyers and sellers of securities. If implemented, this could have classified many DeFi platforms as securities exchanges, subjecting them to federal oversight.

First introduced in March 2022, the proposal drew strong criticism. In March 2025, SEC Commissioner Mark Uyeda recommended abandoning the rule, which attempted to fold crypto firms into the “alternative trading system” classification.

Crypto Custody Rule Rescinded

Another major repeal was the SEC’s Safeguarding Advisory Client Assets rule, first proposed in March 2023, which would have expanded custody requirements for crypto assets.

The rule proposed expanding the Custody Rule under the Investment Advisers Act of 1940 to cover all client assets, including digital assets. It mandated that all such assets be held with a “qualified custodian”—typically meaning a regulated bank or broker-dealer.

This posed a serious threat to the crypto sector, as most crypto exchanges and wallet providers did not qualify as “qualified custodians.” Investment advisers would have been forced to either change providers or exit the crypto space altogether.

Commissioner Uyeda had previously asked SEC staff to consider withdrawing the crypto custody proposal, which has now been officially rescinded.

Other Rules Rescinded

In addition to the high-profile crypto rules, the SEC also repealed several non-crypto rules with indirect implications for the digital asset industry, including:

• Cybersecurity risk management and reporting rules for investment advisers and funds—important for crypto fund managers and custodians.

• A rule on position reporting for large security-based swaps, which could have affected firms with large crypto derivatives exposure.

• A rule requiring enhanced ESG (environmental, social, and governance) reporting for public companies—widely criticized by conservative policymakers.

These repeals mark a major shift in the regulatory tone coming from Washington, aligning with the Trump Administration’s broader commitment to deregulation in financial and crypto markets.

@ Newshounds News™
Source:  Cointelegraph

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US Senate Schedules Final GENIUS Stablecoin Bill Vote for June 17

The U.S. Senate is scheduled to cast its final vote on the GENIUS Act next Tuesday, a key legislative move that could shape the future of stablecoin regulation in the United States.

According to an official notice posted on Thursday by Senate Democrats, the final vote on the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) will take place on June 17, with the exact time to be determined by the Majority Leader in consultation with the Democratic Leader.

If passed, the bill will then proceed to the House of Representatives for further voting. The GENIUS Act seeks to establish a comprehensive legal framework for stablecoins and their issuers within the U.S. financial system.

Key Provisions of the GENIUS Act:

• Requires stablecoins to be fully backed by U.S. dollars or other liquid assets.

• Imposes mandatory annual audits for issuers managing over $50 billion in market capitalization.

• Introduces compliance requirements for foreign-based issuers operating within U.S. markets.

The Senate's procedural vote on Wednesday cleared the way for the upcoming final decision, which comes amid growing bipartisan interest in regulating the digital asset space.

If passed in the Senate, the GENIUS Act will move to the House, where lawmakers have introduced their own bill—the Stablecoin Transparency and Accountability for a Better Ledger Economy Act (STABLE Act). This bill was advanced out of committee in May but differs from the GENIUS Act in critical areas, including jurisdictional control (state vs. federal) and oversight of foreign issuers like Tether.

Despite these differences, momentum is building. Stablecoin legislation has gained strong backing from President Donald Trump, who has publicly endorsed the GENIUS Act and expressed hopes for final passage by August.

Adding to the push, Treasury Secretary Scott Bessent stated earlier this week that stablecoin legislation could set the stage for massive market expansion. He forecasted that the USD stablecoin market could exceed $2 trillion by the end of 2028, a significant leap from its current size of $252 billion, according to CoinGecko.

The upcoming vote on June 17 is seen as a pivotal moment that could establish the United States as a leader in global stablecoin regulation while providing much-needed clarity and security to issuers, investors, and the broader financial sector.

@ Newshounds News™
Source:  The Block

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BRICS: 71 Countries Settled Trade Without the US Dollar  

The BRICS alliance is making significant strides in its de-dollarization strategy, actively sidelining the U.S. dollar in favor of local currencies for international trade. This movement is gaining traction worldwide, with countries like Nigeria and Iraq now banning the use of the USD in foreign exchange markets and oil settlements.

If BRICS unveils a transformative plan at its upcoming summit in Rio de Janeiro, the U.S. dollar’s long-standing global dominance could face serious pressure. As momentum grows, the question is no longer “if” the dollar will lose its stronghold, but “when.”

71 Countries Had Settled Trade Before BRICS Started De-Dollarization

A total of 71 countries had already moved away from using the U.S. dollar for trade settlements before BRICS formally launched its de-dollarization agenda. Recent data shows that these efforts include:

• Settling trade in local currencies

• Diversifying foreign currency reserves

• Reducing reliance on U.S. foreign exchange

• Conducting oil and commodity payments in non-USD terms

The earliest recorded shift came in 2011, when China — a founding BRICS member — began favoring the gold-backed yuan over the U.S. dollar in its oil purchases. That initial move sparked a gradual and calculated transition to alternative currencies in trade deals throughout the following years.

BRICS Drives the Agenda — With Global Participation

These dollar-free transactions span a wide range of nations across Europe, South America, Asia, Africa, and Australia. Both allies and adversaries of the U.S. have participated, leaving Washington increasingly isolated on the world financial stage.

While this global trend began well before 2022, BRICS greatly accelerated its commitment to de-dollarization following sweeping U.S. sanctions on Russia in the wake of the Ukraine invasion.

July Summit Could Mark a Turning Point

The upcoming 17th BRICS Summit, scheduled for July 6–7 in Brazil, could bring the dollar’s future under the global spotlight. Many developing countries are pushing back against Western financial dominance and seeking to chart their own paths toward financial independence.

If the BRICS bloc unveils a new framework for trade and reserves — one that cuts out the dollar entirely — a fundamental shift in global finance could be underway.

As BRICS continues to gain influence, the next decade may usher in a multipolar currency system, diminishing U.S. leverage and expanding financial sovereignty for dozens of emerging economies. 

@ Newshounds News™
 Source: Watcher.Guru   

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“Tidbits From TNT” Friday Morning 6-13-2025

TNT:

Tishwash:  The World Bank expects growth in the Iraqi economy in 2025 and 2026.

The World Bank expects the Iraqi economy to grow by 1.2% this year.

The bank said in statistics reviewed by Shafaq News Agency that "the Iraqi economy is expected to grow by 1.2% this year, up from negative 1.5% in 2024."

He added that economic growth in Iraq is also expected to rise to 4.4% in 2026, before declining to 3.1% in 2027.

He pointed out that "Libya is expected to be the Arab country with the fastest economic growth, with an estimated 12.3%, followed by Djibouti at 5.2%, and then Lebanon at 4.7%."

According to World Bank statistics, "Yemen will have the lowest economic growth, at -1.5%, followed by Syria, with a growth of 1%."  link

Tishwash:  Prime Minister's Office: 100 US requests to participate in Iraq Investment Forum

The Prime Minister's Office confirmed on Thursday that the preparatory committee for the investment forum to be held in Baghdad has received 100 American applications to participate.

Deputy Director of the Prime Minister's Office, Ali Razouki Al-Lami, told the Iraqi News Agency (INA): "Some American companies have submitted a proposal to Prime Minister Mohammed Shia al-Sudani to host an investment forum for Iraq in the United States to bring American companies to the Iraqi arena, in order to support the Iraqi state and boost investment in Iraq."

He pointed out that "a large American investment delegation had previously attended, and agreements were concluded and signed between the National Investment Authority and the US Embassy."

Regarding the investment forum that will be held in Baghdad in the middle of this month, Razouki explained that "the US embassy in Iraq is interested in this forum, as it requested 100 invitations from the preparatory committee, which reflects the embassy's great interest, in addition to the efforts made by the rest of the embassies in this regard."

He indicated that "there are great preparations and we hope that there will be cooperation from everyone to make this forum a success from the first session, so that it becomes a regular annual or biennial forum, to be a reason for opening the Iraqi field to all investors and capital." link

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Tishwash:  Al-Fatah: The smuggling of regional oil will not stop until the oil and gas law is passed.

Ali al-Fatlawi, a leader in the Fatah Alliance, confirmed on Thursday that oil smuggling from the Kurdistan Region will continue unless the oil and gas law is passed. He called on the government and political forces to engage in serious dialogue to reach a final agreement on the law and resolve the accumulated disputes between Baghdad and Erbil.

Al-Fatlawi said in a statement to the Al-Maalouma Agency, “The time has come to give priority to the approval of the oil and gas law, especially after the vote to amend Paragraph (12) of the Federal Budget Law,” stressing that “the approval of the law is the best way to stop the smuggling of oil from the region.”

He added that "the continued smuggling of oil negatively impacts the national economy and causes significant losses to the public treasure," warning of the repercussions of these operations on the country's economic autonomy.

Al-Fatlawi called on political forces to "assume their national responsibilities and exert pressure to expedite the passage of the law by completing the draft and agreeing on its main provisions."

It is noteworthy that media reports indicated that approximately 400,000 barrels of oil are smuggled daily from the Kurdistan Region, in the absence of clear federal oversight and the unknown fate of the financial revenues resulting from these quantities.  link

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Tishwash:   An Iraqi government bank combats suspicious financial transactions electronically "without human intervention.

Rafidain Bank's General Manager, Ali Karim, stated on Thursday that the bank has begun combating suspicious financial transactions, such as money laundering, through electronic technologies.

In a speech delivered at the "Governance Forum" held in Baghdad and attended by a Shafaq News Agency correspondent, Karim said, "Rafidain Bank has taken strategic steps to build an internal governance system that focuses on independence, integrity, and efficiency."

He added that the bank launched a comprehensive corporate risk program that includes operational, interest, and reputational risks, in cooperation with global distribution companies.

Karim continued, "Rafidain Bank recently acquired advanced systems in cooperation with international institutions, through which suspicious financial transactions will be monitored, analyzed, and even thwarted automatically and electronically, without any human intervention."

At the end of May, the Governor of the Central Bank of Iraq, Ali Al-Alaq, affirmed Iraq's commitment to combating money laundering and terrorist financing in cooperation with international partners. link

Mot:  Raising the ""Wee Folks"" and then -- They Have Grandkids!! -- 

Mot:  Nosy Neighbors but Short on $$ -- another ""Tip frum ole Mot""

MM and Crew: IQD-Iraq Dinar-Update-Key Bullet Points- Economic- Banking-Monetary Reform-International Cooperation

MM and Crew:  IQD-Iraq Dinar-Update-Key Bullet Points- Economic- Banking-Monetary Reform-International Cooperation

6-12-2025

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=BdfwVuNwG2c