Seeds of Wisdom RV and Economic Updates Thursday Afternoon 6-19-25

Good Afternoon Dinar Recaps,

China Grants 53 Countries Tariff-Free Access to BRICS Market

In a bold move to reshape global trade dynamics, BRICS member China is extending tariff-free market access to 53 African nations, creating a new economic bridge between Asia and Africa. The deal is part of a growing initiative to strengthen South-South cooperation and shift global influence away from Western-dominated systems.

Key Developments:

▪️ China to eliminate all tariffs on imports from 53 African countries, primarily least developed countries (LDCs).
▪️ The initiative opens duty-free access to the Chinese market, boosting African exports and economic growth.
▪️ African middle-income economies like Kenya, South Africa, Nigeria, Egypt, and Morocco are also eligible for special access.
▪️ $50 billion in infrastructure investments pledged by China to Africa over the next three years.
▪️ The deal comes amid global dissatisfaction with U.S. policies, as China positions itself as a new global partner.

Africa’s Economic Gateway to China

China’s Foreign Ministry confirmed that the door is open for quality African products to enter the Chinese market under this new framework. The deal is expected to bolster trade, agriculture, and resource development across the African continent.

“China is ready to welcome quality products from Africa to the Chinese market,” said the Foreign Ministry, signaling an open invitation for expanded commerce.

This tariff-free structure incentivizes African nations to rework domestic trade policies that align with BRICS’ emerging global vision. Countries like South Africa, Ethiopia, Uganda, and Nigeria—already linked to BRICS as full or partner members—stand to gain significantly.

A Strategic Shift in Global Alliances

The initiative is not just economic—it’s geopolitical. As U.S. global influence faces criticism, China is using this moment to expand BRICS’ reach. A recent Pew Research Center report shows that 66% of countries lack confidence in Trump-era foreign policies, while only 24 nations express trust in his international leadership.

China, in contrast, is aggressively courting emerging economies through infrastructure development, trade, and policy cooperation.

BRICS and the African Development Agenda

At last year’s BRICS summit, China committed $50 billion to support infrastructure projects across Africa, including ports, railways, and energy development. The funding complements the tariff-free access deal and is already shaping policy decisions across the continent.

“It enables middle-income countries like Kenya, South Africa, Nigeria, Egypt, and Morocco to now enter the Chinese market duty-free,” noted Hannah Ryder, founder of Africa-focused consultancy Development Reimagined.

Criticism and Strategic Caution

While the deal is being hailed as a game-changer for African economies, critics argue that the balance of power heavily favors China. Some analysts warn that while investments flow in, African sovereignty and long-term gains may be at risk if policies are not carefully negotiated.

Nonetheless, this policy shift further consolidates BRICS’ position as a rising alternative to traditional Western institutions—and Africa is becoming a central battleground in that transition.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

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Iraq Economic News And Points To Ponder Thursday Morning 6-19-25

Ministry Of Commerce: A National Strategic Plan To Protect Markets From Regional Fluctuations

Buratha News Agency1602025-06-18    The Ministry of Commerce announced a comprehensive plan on Wednesday aimed at bolstering food security in the country, amid regional tensions.

Ministry spokesperson Mohammed Hanoun told the official news agency, "The purpose of announcing the plan is to strengthen the country's ability to confront any potential disruptions to food supplies and ensure the continuity of the supply of essential commodities without interruption or excessive price increases."

He explained that "the plan aims to achieve local market stability by securing a strategic stockpile of essential commodities, improving the ration card's components to promote social justice, providing a flexible commercial environment that allows for the smooth entry of raw materials, and activating oversight to prevent exploitation and monopoly."

Hanoun also explained that "the ministry seeks to ensure the stability of the food basket's supply, both for vulnerable groups and for citizens covered by the program, who number more than 42 million people."

He noted that "the increase in the ration card's components is linked to decisions by the Council of Ministers, and the ministry is committed to implementing it through a network of approximately 69,000 distribution agents across Iraq."

Regarding customs facilitations, Hanoun confirmed that "the measures focus primarily on food commodities and raw materials for the food industry, and include expediting customs clearance, temporarily reducing fees for some high-demand items, and granting inspection priority to goods related to food safety."

He added, "These facilities do not cover all types of goods, but are implemented according to regulations set by specialized joint committees."

He also noted that "the ministry has prepared an extensive monitoring plan to control prices in local markets, including deploying field teams in Baghdad and the governorates to monitor prices and verify invoices, in addition to coordinating with the Economic Security Service to take legal action against manipulators and monopolists."

He added, "A hotline has been activated to receive citizens' complaints about price increases or shortages, in addition to preparing daily price reports in all governorates to ensure a rapid response." https://burathanews.com/arabic/economic/461625

The dollar rises again against the Iraqi dinar in Baghdad.

Stock Exchange  Economy News – Baghdad  The US dollar exchange rate rose in Baghdad markets on Wednesday morning.  The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges, reaching 143,550 Iraqi dinars per $100, while yesterday morning, Tuesday, it reached 143,250 dinars per $100.

Selling prices at exchange offices in Baghdad's local markets rose, with the selling price reaching 144,500 Iraqi dinars for $100, and the buying price reaching 142,500 dinars for $100. 366 views  Added 2025/06/18 - 10:36 AM  https://economy-news.net/content.php?id=56374

Iraqi Finance Figures Show A "Soft Rentier" Economy. Are There Alternatives?
 
Energy and Business     breaking  2025-06-18 00:58  Shafaq News/ An Iraqi economist warned on Wednesday  against the country's continued reliance on a rentier economy, noting that  it  "creates a consumer society" and   weakens the national production base.  Mohammed al-Hasani told Shafaq News Agency,
 
"A rentier economy
     is usually weak and
     produces a consumer society dominated by the import sector,
     with little interest in manufacturing industries.
 
This is what applies to Iraq."
 
Al-Hasani called on the Iraqi government to
 
"work and strive to develop
     Iraq's industrial production sectors and
     diverse agriculture in order to

     stimulate the country's foreign trade sector and
     achieve the highest possible financial revenues
 
that contribute to achieving the highest returns for the
     national income and the       Iraqi state treasury."
 
The Iraqi Ministry of Finance revealed that federal budget revenues from January to March 2025 exceeded 27 trillion dinars, with oil accounting for 91% of total revenues.
 
Tables issued by the Ministry of Finance in June for the first quarter of the year, monitored by Shafaq News Agency, showed that oil remains the primary source of revenue for the general budget,
reinforcing the rentier nature of the Iraqi economy.

According to the ministry's data, total revenues amounted to 27 trillion, 248 billion, 764 million, 196 thousand, and 554 dinars, while total expenditures amounted to 26 trillion, 662 billion, 428 million, 661 thousand, and 44 dinars.
 
Oil revenues alone amounted to 24 trillion, 911 billion, 906 million, and 926 thousand dinars, equivalent to 91% of total revenues, while non-oil revenues amounted to 2 trillion, 336 billion, 857 million, and 269 thousand dinars.
 
In March 2021, the Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, explained to Shafaq News Agency that  the reasons behind the Iraqi economy remaining rentier are due to the
 
     wars and economic blockades of the past decades, in addition to the
     current political conflicts that have squandered economic resources.

Saleh added that the country's continued reliance on oil as its sole source of revenue
     makes Iraq vulnerable to global crises that impact oil prices,
     forcing the country to repeatedly resort to borrowing to cover its deficit.
 
This reflects    weak financial management and an   inability to develop effective financing alternatives.
  
https://shafaq.com/ar/اقتصـاد/رقام-المالية-العراقية-تظهر-اقتصادا-ريعيا-رخوا-هل-من-بدا-ل 

Find Out The Gold Prices In Local Markets.

Economy | 12:44 - 06/18/2025  Mawazine News - Baghdad -  Foreign and Iraqi gold prices witnessed a slight increase in local markets on Wednesday.

Gold prices in the wholesale markets on Al-Naher Street in Baghdad this morning recorded a selling price of one mithqal of 21-karat Gulf, Turkish and European gold at 680,000 dinars, and a purchase price of 676,000 dinars. The selling price of one mithqal of 21-karat Iraqi gold reached 650,000 dinars, while the purchase price reached 646,000 dinars.

In goldsmiths' shops, our correspondent explained that the selling price of one mithqal of 21-karat Gulf gold ranged between 680,000 and 690,000 dinars, while the selling price of one mithqal of Iraqi gold ranged between 650,000 and 660,000 dinars.   https://www.mawazin.net/Details.aspx?jimare=262737

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 6-19-25

Seeds of Wisdom RV and Economic Updates Thursday Morning 6-19-25

Good Morning Dinar Recaps,

XRP and Cardano Merger? Crypto Analyst Calls It “Unstoppable”

A surprising alliance may be forming in the crypto space as XRP and Cardano, two of the most loyal and powerful crypto communities, begin exploring integration.

George Tung, founder of CryptosRus, says the potential merger could create an “unstoppable force” within the digital asset industry.

“Two of the strongest armies and strongest holders out there. Combining the two would create an unstoppable force,” Tung asserted.

Key Developments:

▪️ Charles Hoskinson, Cardano’s founder, is pushing for XRP integration across Cardano’s DeFi ecosystem, stablecoins, and wallets.

▪️ XRP and Cardano communities, long considered rivals, are moving toward real collaboration after resolving past conflicts.

▪️ XRP integration into Cardano’s Lace wallet, and possible deployment of Ripple’s RLUSD stablecoin on Cardano, are already in progress.

From Rivals to Collaborators: A Shift in Crypto Dynamics

Historically, XRP and Cardano supporters have clashed, often over regulatory narratives and public comments made by Hoskinson regarding Ethereum and XRP’s legal battles. But in 2023, Hoskinson issued a public apology to the XRP community, signaling a new chapter of cooperation.

That gesture appears to have opened the door to practical steps toward collaboration between the two blockchain ecosystems.

Crypto’s Most Loyal Communities Join Forces

Tung's prediction rests on a simple but powerful truth: both XRP and Cardano have endured market volatility, regulatory scrutiny, and prolonged development cycles—without losing the support of their core users.

▪️ XRP holders famously held firm during the 2020 SEC lawsuit, refusing to sell despite major market pressure.

▪️ Cardano users have backed the project through years of slow, research-driven development, showing a deep-rooted belief in its long-term vision.

These loyal user bases have transformed both assets into crypto mainstays, dominating social media platforms and shaping market sentiment.

What’s Already Underway: From Wallets to Airdrops

Major collaborative efforts are already taking shape:

▪️ Ripple’s RLUSD stablecoin is expected to launch on Cardano, enabling seamless cross-chain value transfer.

▪️ XRP integration into Cardano’s Lace wallet is underway, allowing users to hold both assets side-by-side.

▪️ Cardano’s Midnight airdrop—featuring NIGHT and DUST tokens—will include XRP holders, reaching over 37 million wallets.

▪️ Hoskinson has floated the idea of Midnight protocol as a DeFi layer for XRP, potentially unlocking new yield and liquidity opportunities.

What Could Come Next: A Crypto Power Duo in Formation

This alliance is still in its early stages, but the implications could be profound. A formal merger or deep integration between XRP’s institutional reach and Cardano’s DeFi infrastructure would create a crypto network with global utility, resilience, and scalability.

If these plans succeed, George Tung’s “unstoppable force” prediction may no longer sound like hype—but a credible threat to current crypto market leaders.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

XRP-Powered DeFi Accelerates with cbXRP Support and $100M Institutional Investment

The decentralized finance (DeFi) ecosystem is seeing a significant boost in XRP integration, as Coinbase’s cbXRP and Flare Network’s staking innovations pave the way for broader utility and liquidity.

Key Highlights:

▪️ Moonwell on Base becomes the first DeFi protocol to support cbXRP, a tokenized version of XRP issued by Coinbase, allowing users to borrow USDC against XRP without selling.

▪️ Flare Network attracts a $100 million investment from VivoPower, marking one of the largest XRP-backed DeFi commitments to date.

▪️ Flare’s Total Value Locked (TVL) surged to a record $162 million, up from $38 million in April, driven by new DeFi features and omnichain integrations.

▪️ XRP’s role in DeFi is expanding through staking, liquidity, and stablecoin integrations, opening new doors for long-term XRP holders.

Moonwell Launches cbXRP on Base: DeFi Lending Without Selling XRP

Moonwell, a prominent lending platform on Coinbase’s Base ecosystem, has launched the first-ever market for cbXRP, a 1:1 tokenized version of XRP. This marks a turning point for XRP holders seeking DeFi exposure.

To participate, users exchange XRP for cbXRP via Coinbase, enabling them to borrow USDC while retaining XRP exposure. This move allows for capital-efficient participation in DeFi without the need to liquidate holdings.

Flare Attracts $100M XRP Investment From VivoPower

VivoPower, an electric vehicle services company, has pledged a $100 million XRP investment in partnership with Flare. The company plans to become the first XRP-focused digital asset enterprise, leveraging institutional yield strategies via DeFi.

Flare supports XRP’s on-chain functionality through FXRP, a fully non-custodial, 1:1 wrapped version of XRP, and is developing a liquid staking model with stXRP, mirroring Lido DAO’s liquid staking structure.

Liquidity Soars on Flare with USDT0 Integration

In addition to institutional support, Flare’s liquidity has surged following its integration of USDT0—an omnichain version of Tether’s USDT, based on LayerZero’s Omnichain Fungible Token standard.

▪️ TVL on Flare hit an all-time high of $162 million on June 8, up from $38 million in late April.
▪️ As of now, TVL stands at $144 million, according to DeFiLlama.

What This Means for XRP Holders and DeFi

These developments signal a growing DeFi footprint for XRP, a token historically focused on payments and remittances. By entering lending, staking, and liquidity provisioning through cbXRP, FXRP, and stXRP, XRP is now embedded in a fast-evolving DeFi landscape.

Long-term holders gain access to new earning strategies, while institutional players see fresh pathways to engage with the ecosystem—without compromising compliance or control.

As Ripple’s regulatory clarity strengthens and DeFi integrations deepen, XRP is emerging as a central player in next-generation finance.

@ Newshounds News™
Source: FXStreet

~~~~~~~~~

Ohio House Passes Landmark Bill for Tax-Free Crypto Payments and Mining Protections

Ohio is stepping into the crypto spotlight with a sweeping new bill that could reshape the state's approach to digital assets. On Wednesday, the Ohio House of Representatives passed House Bill 116 — the Ohio Blockchain Basics Act — by a vote of 70–26, signaling a bipartisan shift toward blockchain innovation and deregulation.

Key Highlights:

▪️ Crypto transactions under $200 will be exempt from capital gains taxes, with the threshold set to adjust annually for inflation.

▪️ Mining and staking protections are built into the bill, shielding operations from discriminatory zoning laws or licensing burdens.

▪️ The bill ensures residential and industrial crypto mining is allowed if local ordinances are followed.

▪️ Ohio aims to ban government overreach on wallets, nodes, swaps, and other blockchain activity.

▪️ House Bill 116 now moves to the Ohio Senate and could soon reach Governor Mike DeWine for final approval.

$200 Crypto Payment Exemption Could Set Precedent

At the heart of the legislation is a tax exemption for crypto transactions under $200, eliminating capital gains tax obligations for small, everyday payments. The threshold will rise annually with the Consumer Price Index (CPI), rounded up to the nearest $5 — and notably, the bill prevents future reductions to this limit.

This provision aligns with national efforts to treat crypto like cash for low-value transactions, a move widely supported by industry advocates and users alike.

Mining Freedoms for Residential and Industrial Areas

The bill also breaks new ground by permitting crypto mining in residential zones, provided local noise and ordinance regulations are met. Industrial-zoned areas would allow full-scale mining operations, and the law bars state regulators from enforcing crypto-specific rules that don’t apply to other businesses.

Additionally, the bill states that any rezoning that harms mining operations must go through a formal notice and comment process. If miners believe they're being discriminated against, they’ll have the right to challenge it in court.

No License Needed for Core Blockchain Activities

The Ohio Blockchain Basics Act exempts a broad range of blockchain activities from licensing requirements. These include:

• Mining and staking

• Operating blockchain nodes

• Crypto-to-crypto swaps

• Software development for blockchain transactions

It further clarifies that these activities do not constitute securities offerings, a direct response to the SEC's legal posture under the Biden administration.

Wallet Autonomy and Future Plans

The bill also prohibits the government from interfering with hardware wallets or self-custody practices, reinforcing user sovereignty over digital assets — a core principle in the crypto ethos.

Looking ahead, Ohio lawmakers are considering another proposal: the creation of an “Ohio Bitcoin Reserve Fund,” introduced in January. That bill is currently under review by the Financial Institutions, Insurance, and Technology Committee.

Ohio Emerges as a Crypto-Friendly State

With over 160 crypto-related bills introduced across 40 U.S. states, Ohio’s move puts it at the forefront of regulatory innovation. By protecting on-chain activity and encouraging tax-friendly adoption, the state sends a clear signal: Ohio is open for blockchain business.

@ Newshounds News™
Source: Cointelegraph

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“Tidbits From TNT” Thursday Morning 6-19-2025

TNT:

Tishwash:  During Saturday's session, legislation is expected, including the budget and three other laws.

Member of Parliament Mohammed Al-Ziyadi confirmed on Thursday that the Iraqi parliament will resume its sessions starting next Saturday, following a decision to cancel the legislative recess.

Al-Zayadi told Al-Maalouma News Agency that “the House of Representatives will begin its sessions on Saturday, as part of the final legislative term, after the legislative recess was cancelled,” noting that the parliament’s agenda includes a number of important laws that are a priority for the next phase.

He explained that "among the most prominent laws that will be discussed and approved during this session are the law restructuring the Popular Mobilization Forces, amending the industrial investment law, and the education law, in addition to voting on the 2025 budget schedules."

It is noteworthy that Parliament held a deliberative session earlier this week dedicated to discussing the repercussions of the imposed war on Iran, during which the representatives called for the necessity of activating and strengthening air defense systems to ensure the protection of national autonomy.   link

Tishwash:  Government advisor: A positive oil price shock reduces the budget's need for borrowing.

The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed that the geopolitical circumstances resulting from the ongoing war between Iran and Israel undoubtedly contributed to generating a "positive oil price shock," as oil markets have recovered from the decline in the oil asset cycle (i.e., the previous negative oil shock) in the recent period, with oil prices now making their way towards a rapid rise.

Saleh explained to Al Furat News Agency that "the average oil price decline of $10 per barrel of exported oil from the levels of the beginning of the current year 2025 has returned to witness an increase to its previous stable conditions before the decline, and within a few days, with an increase estimated at about $10 per barrel of exported crude oil, and in an opposite manner under the influence of the positive oil price shock."

He added, "This will undoubtedly reduce the general budget's need for large-scale actual borrowing if public spending is based on the annual minimum of 160 trillion dinars per year, and at an average annual oil price of $75 per barrel. This means covering operating and investment expenses relatively comfortably if the oil barrel maintains an annual average that exceeds or approaches the aforementioned average increase in exports throughout the current fiscal year. This is an activity for the general budget in 2025 that is similar to the spending developments that occurred in 2024."

Saleh pointed out that "what we see is that the current high price structure will likely stabilize without declining even if hostilities between the two parties to the ongoing conflict in the Middle East cease. This is due to the influence of hedging factors and the buildup of fossil fuel stocks at the global level, in addition to the rapid expiration of the downward cycle of oil assets after taking its current stable form and maintaining balance in energy markets under the influence of the continued multiplicity of geopolitical tensions in more than one place in the global energy demand belts."

He stressed that "this does not preclude diversifying non-oil revenue sources in a transparent and more governed manner, and imposing discipline on any unnecessary expenditures that can be postponed at the present time, in light of the policy."  link

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

Tishwash:  The President and Prime Minister affirm Iraq's categorical rejection of any violation of its sovereignty.

President of the Republic, Abdul Latif Jamal Rashid, and Prime Minister, Mohammed Shia Al-Sudani, affirmed during their meeting in Baghdad, on Wednesday, Iraq's categorical rejection of the violation of its sovereignty by the Zionist entity, and the endangerment of its airspace in light of the recent regional escalation.

According to a statement issued by the Prime Minister's media office, received by Mawazine News, during the meeting, the general situation in the country and security developments in the region were discussed as a result of the continued Israeli aggression against the Islamic Republic of Iran, and the widespread threat it poses to the security and stability of the region and the world.

The statement added that "Iraq supports all legal and diplomatic steps taken by the government to protect its sovereignty, including resorting to international bodies and working to resume negotiations between Tehran and Washington as a way to reduce tensions."

The meeting also witnessed an emphasis on the importance of national unity and the solidarity of all political and social forces to support the state's efforts in confronting the increasing challenges resulting from regional developments.  link

**I*************

Tishwash:  Al-Sudani declares 2025 the year of Iraqi industry.

Prime Minister Mohammed Shia al-Sudani announced that 2025 will be the year of Iraqi industry, in a new confirmation of the government's progress with its plans to support national industry and achieve self-sufficiency in vital sectors such as food and energy.

This came during his inauguration, yesterday, Wednesday, of a group of strategic industrial projects in Babil Governorate, which included the mills of the Union Company for the production of zero flour in the Madhatiyah district, which were completed in only (11) months, with a production capacity of up to one million tons annually, which covers about (50%) of the local market’s need and reduces dependence on importing flour, which used to cost the country more than (750) million dollars annually.

The Prime Minister emphasized that "these projects represent a clear example of the government's approach to supporting the manufacturing and food industries, through effective partnerships with the private sector and providing an appropriate investment environment."

Al-Sudani also launched the executive works of the Diwan factory for the production of transformers, cables and smart meters, which is a strategic project to localize electrical industries, and is being implemented with the latest technical specifications with a budget of up to (300) million dollars.

Al-Sudani said: “I announce that the year 2025 will be the year of Iraqi industry, and we are continuing to open major industrial projects and lay the foundation stone for new factories, in the belief that the national economy cannot rise without a strong national industry.”

He pointed out that the government is working to enhance food and energy security and reduce dependence on foreign resources, especially in light of the current global crises, stressing that Iraq possesses the capabilities and competencies that will enable it to rise again as a regional industrial power.

The Prime Minister explained that Babylon Governorate is on the verge of a qualitative transformation in the field of industry, as it includes more than (2000) operating factories, in addition to the government’s readiness to declare it an integrated industrial city after completing the requirements for establishing new industrial cities in it, with support from the federal government.

Al-Sudani concluded by saying, "We strongly support the loyal people of Iraq who are shaping the industrial future, and we are working to remove all obstacles facing the industrial sector, so that it can be the primary driver of economic growth and job creation."  link

Mot: Be Sure And ...... 

Mot:  aaaaaahhhhhhhh -- the Clarity of Life frum da Net!!!!  

Iraq Economic News And Points To Ponder Wednesday Evening 6-18-25

Economist: Iraq's Benefit From Rising Oil Prices Depends On Three Factors
 
Time: 2025/06/18 15:24:10 Read: 540 Times  {Economic: Al-Furat News} Economist Salah Nouri 
confirmed on Wednesday that  Iraq's benefit from rising oil prices depends on three basic factors. He pointed out that fulfilling these conditions will have a positive impact on reducing the budget deficit and  supporting cash liquidity. 

Nouri told Al-Furat News Agency that "Iraq's benefit from rising oil prices depends on its ability to export the quantity planned in the budget,  given the regional security situation and the safety of maritime routes, in addition to  exporting the quantity of oil to the Kurdistan Region of Iraq, and the   amount of oil sales transfers from the US Federal Reserve."

He added that "fulfilling these conditions will have a positive impact on  reducing the budget deficit and  supporting cash liquidity."   https://alforatnews.iq/news/خبير-اقتصادي-استفادة-العراق-من-ارتفاع-أسعار-النفط-مشروطة-بتوفر-ثلاثة-عوامل

The Central Bank Of Iraq Organizes A Workshop On National And Sectoral Assessment Procedures.
 
June 18, 2025  The Central Bank of Iraq's Erbil branch organized a training workshop on

"National and Sectoral Assessment Procedures," attended by the General Manager of the Erbil branch,
in cooperation with the  Center for Banking Studies and the  Compliance Supervisor's Office at the Central Bank of Iraq.
 
The workshop was attended by a group of  private banks,  non-banking financial institutions, and  electronic payment companies operating in the region.
 
The workshop also addressed the   Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the  recommendations of the   Financial Action Task Force (FATF), in addition to the   national assessment of money laundering and terrorist financing risks based on international standards.
 
The workshop  focused on   practical applications and   operational risk assessment, and  presented real-life case studies that enriched the discussion and    developed the participants' analytical skills.
 
The lecturers emphasized the importance of
     private banks,
     non-banking financial institutions, and
     electronic payment companies
adhering to
     updated compliance policies and
     effective cooperation between relevant units
to ensure a
     cohesive banking environment that
     keeps pace with
          international standards and
embodies the vision of the Central Bank of Iraq in this regard.

This workshop comes as part of the vision of the
     Center for Banking Studies at the Central Bank of Iraq and the
     Office of the Compliance Controller of the Central Bank
 
to prepare a qualified generation of banking professionals
     capable of meeting modern regulatory challenges and
     instilling a culture of compliance
 
as the cornerstone of sound banking governance.
    
Central Bank of Iraq    Media Office   June 18, 2025    https://cbi.iq/news/view/2913 

With A Document... The Iraq Stock Exchange Cancels The License Of Batek Company.
 
Economy     2025-06-18 880 views  Alsumaria News – Economy   Stock Exchange decided The Iraq today, Tuesday, to revoke the license of Al-Batec Securities Brokerage Company.
 
A document issued by the market and received by Alsumaria News stated that,
 
“Based on the letter of the Securities Commission No. 1169/5 on 6/5/2025, Regulation No. (5) to stop, suspend and delete brokerage companies and the securities regulations, the following was decided:
 
-Revoking the brokerage status of Al-Batec Brokerage Company, which is wholly owned by...
To the Bank of Babylon and cancel the company’s license and permit to practice work in
The market, based on Article (3//ninth) of the above-mentioned regulations, stipulates that the broker’s brokerage status shall be revoked in one of the following cases:
 
“In the event that the company is suspended from operating in the market by a decision from the Authority or the market, and the company does not take measures to return to work within six months from the date of suspension.”
 
2- Continuing to close all trading stations designated for the company.
 
3- Please settle the deposit account and provide proof of returning investors’ funds to them within a maximum period of 6/25/2025.
 
4- Shareholders’ shares deposited in the company’s account will be returned to the deposit center’s account.
 
5- Babylon Bank shall bear the responsibility for any financial and legal obligations that may arise for the company after this date as a result of its previous activity.
 
We hope that you will retain any supporting documents for all of the company’s previous operations.     
 
[url=https://www.alsumaria.tv/uploadImages/ExtImages/Images1/WhatsApp Image 2025-06-18 at 5.06.53 PM-638858536302127269.jpeg]

https://www.alsumaria.tv/uploadImages/ExtImages/Images1/WhatsApp%20Image%202025-06-18%20at%205.06.53%20PM-638858536302127269.jpeg[/url]
  
https://www.alsumaria.tv/news/economy/530348/بالوثيقة-سوق-العراق-للأوراق-المالية-يلغي-إجازة-ترخيص-شركة-الباتك  

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

Iraq Economic News And Points To Ponder Wednesday Afternoon 6-18-25

Kocher: Iraq's Benefits From Rising Oil Prices Depend On The Absence Of Export Barriers.

Time: 2025/06/18 15:30:01 Read: 480 times   {Economic: Al Furat News} Member of the Parliamentary Finance Committee, Jamal Kocher, confirmed today, Wednesday, that Iraq can benefit from the rise in oil prices if there are no obstacles to oil exports, noting that oil is subject to two basic equations.

In a statement to Al Furat News Agency, Kocher said, "Oil is subject to two equations: the first is oil exports, and the second is the rise in its prices."

He explained that, "If these two equations are achieved, Iraq will benefit from the rise in prices."

He added, "Any disruptions in the sale and shipment of oil by sea could offset the price increases caused by the shortage."  LINK

Government Advisor: A Positive Oil Price Shock Reduces The Budget's Need For Borrowing

Time: 2025/06/18 15:50:02 Reading: 810 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed that the geopolitical circumstances resulting from the ongoing war between Iran and Israel undoubtedly contributed to generating a "positive oil price shock," as oil markets have recovered from the decline in the oil asset cycle (i.e., the previous negative oil shock) in the recent period, with oil prices now making their way towards a rapid rise.

Saleh explained to Al Furat News Agency that "the average oil price decline of $10 per barrel of exported oil from the levels of the beginning of the current year 2025 has returned to witness an increase to its previous stable conditions before the decline, and within a few days, with an increase estimated at about $10 per barrel of exported crude oil, and in an opposite manner under the influence of the positive oil price shock."

He added, "This will undoubtedly reduce the general budget's need for large-scale actual borrowing if public spending is based on the annual minimum of 160 trillion dinars per year, and at an average annual oil price of $75 per barrel. This means covering operating and investment expenses relatively comfortably if the oil barrel maintains an annual average that exceeds or approaches the aforementioned average increase in exports throughout the current fiscal year.

This is an activity for the general budget in 2025 that is similar to the spending developments that occurred in 2024."

Saleh pointed out that "what we see is that the current high price structure will likely stabilize without declining even if hostilities between the two parties to the ongoing conflict in the Middle East cease.

This is due to the influence of hedging factors and the buildup of fossil fuel stocks at the global level, in addition to the rapid expiration of the downward cycle of oil assets after taking its current stable form and maintaining balance in energy markets under the influence of the continued multiplicity of geopolitical tensions in more than one place in the global energy demand belts."

He stressed that "this does not preclude diversifying non-oil revenue sources in a transparent and more governed manner, and imposing discipline on any unnecessary expenditures that can be postponed at the present time, in light of the policy."  LINK

Brent Crude Falls After Trump's Comments

Energy   Oil prices fell about 2 percent on Wednesday, after rising earlier in the session, as investors assessed the possibility of supply disruptions due to the Iran-Israel conflict and the possibility of direct U.S. intervention.

By 10:41 a.m. ET, Brent crude futures were down $1.40, or 1.8 percent, at $76.73 a barrel, and U.S. West Texas Intermediate (WTI) crude was down $1.29, or 1.7 percent, at $73.55. Both contracts had gained more than 4 percent in the previous session.

Prices fell after President Donald Trump on Wednesday refused to answer reporters' questions about whether the United States was planning to strike Iran or its nuclear facilities, saying the Iranians had communicated, but he felt it was "too late to talk."

Trump said Iran had proposed holding talks at the White House, but did not provide details. "He's essentially suggesting that Iran say, 'Okay, we're going to stop our nuclear program,'" said Phil Flynn, senior analyst at Price Futures Group. "That would avoid the United States getting into a conflict and reduce the risk."   https://economy-news.net/content.php?id=56402

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

Iraq Economic News And Points To Ponder Wednesday Morning 6-18-25

Government And Self-Sufficiency Strategy
 
Economic 06/17/2025  Walid Khaled Al-Zaidi  In a world where   needs are growing,  ambitions are multiplying, and  innovations are increasing to improve the living systems of societies and expand the integration capabilities that  governments seek to revive the lungs of their peoples’ economies with more pillars of development and growth, especially in the issue of  resolving crises and overcoming the economic difficulties that stand in the way of living, in order to secure the factors of the safety of their programs away from isolation in sites of wasting energy and chaos in wealth management.

The most prominent form of success for governments is what can be achieved in the issue of
self-sufficiency in many important and essential elements in the structure of needs that they rely on to serve their people, and through expanding the scope of optimal investment in the available latent national wealth, in order to overcome the problem of securing it from abroad.
 
Self-sufficiency in our country in any vital sector is an ambitious and achievable goal through the implementation of innovative programs based on untapped resources and the development of ambitious plans to rise to the level of real strategies based on realistic capabilities in our generous land, which God Almighty has blessed with all the components of development and the foundations for improving the means of life and a comfortable living, provided there is national will, rising determination, confident steps, and a straight path towards realizing the people’s hope of exploiting their country’s wealth in an optimal and appropriate manner that spares it the scourges of crises and the problems of economic transformations that occur in the world from time to time.
 
This is evident in some of the government's current efforts, such as enhancing agricultural production, achieving self-sufficiency in some food crops, improving water resource utilization methods, and developing more efficient water management systems by rationalizing water use and preventing water waste, utilizing solar energy to power some operating systems, and reducing reliance on the national electricity system, which is produced using expensive traditional methods.
 
In another context, Prime Minister Mohammed Shia Al-Sudani emphasized that combating unemployment and employing local workers instead of importing them from abroad will provide job opportunities in the factories of Muthanna Governorate, which produce cement, in which Iraq has reached the stage of self-sufficiency.
 
Therefore, increasing the production of this material is the most prominent evidence that government work programs are aimed at securing market needs and saving the exorbitant costs that burden the country with huge sums of money by importing it from abroad, in light of the great work that Iraq is witnessing to implement service and urban projects that require various construction materials to cover local needs.
 
Another aspect of the stages of achieving self-sufficiency through exploiting the country's resources is the emergence of a national industry with various products by exploiting all the available raw materials and labor,
 
in addition to providing job opportunities for the private sector and its contribution in light of the government's openness to it as a basic partner in the issue of economic integration and ensuring it as a true partner with state institutions to carry out various production operations in light of urban and service entitlements and strengthening the government's confidence in it and in businessmen and the role of Iraqi companies to promote national industry and services in various sectors.  
https://alsabaah.iq/116105-.html   

Planning: Iraq's Near-Total Dependence On The Oil Sector Is A Fragile Model That Must Be Abandoned.
 
Energy and Business     Iraq     oil     Basra  2025-06-17 02:36 Shafaq News/ On Tuesday, Sabah Jundi Mansour, Director General of the Economic and Financial Policies Department at the Ministry of Planning, considered Iraq's near-total reliance on the oil sector to secure the country's general budget revenues a fragile model that requires an alternative.
 
This came in a speech he delivered during a specialized consultative session organized by the Ministry of Planning titled "Maximizing Non-Oil Revenues in Iraq," as part of the government's efforts to address financial challenges and reduce reliance on oil resources, which constitute one of the most prominent structural challenges hindering the country's path to sustainable development. 

Mansour explained that Iraq's near-total dependence on the oil sector, which accounts for more than 90% of general budget revenues, is one of the most significant structural challenges facing the national economy. 

He added, "Recurring crises in the oil markets, particularly in recent years, have exposed the fragility of this model, necessitating an urgent transition to a more diversified and sustainable economic model."
 
The Iraqi state's continued reliance on oil as the sole source of its public budget
exposes the country to the risk of global crises linked to oil markets.
 
This forces it to cover its deficit through external or domestic borrowing each time.
 
This indicates
     a weakness in the management of public funds and
     an inability to find alternative financing solutions.    
  
https://shafaq.com/ar/اقتصـاد/التخطيط-اعتماد-العراق-شبه-الكلي-على-القطاع-النفطي-نموذج-هش-ي-فترض-مغادرته

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 6-18-25

Good Morning Dinar Recaps,

Stablecoins May Help Cut U.S. Debt, Says Treasury Secretary Bessent

U.S. Treasury Secretary Scott Bessent has publicly endorsed the growing role of stablecoins in strengthening the American economy—and even helping reduce the national debt.

In a recent post on X (formerly Twitter), Bessent said that a booming stablecoin market could generate sustained demand for U.S. Treasury bonds, which in turn would lower government borrowing costs.

Stablecoin Growth Could Reach Trillions—and Bring Down Borrowing Costs

▪️ According to a new Citigroup report, the stablecoin market could expand to $3.7 trillion by 2030 in a high-growth scenario, or at minimum reach $1.6 trillion under more conservative projections.

▪️ Bessent echoed this forecast, noting that U.S.-backed stablecoins alone could exceed $2 trillion by 2028, especially if supportive legislation—like the GENIUS Act—continues to move forward.

▪️ Most major stablecoins, including Tether (USDT) and USDC, are backed by U.S. Treasury bonds, meaning issuers must purchase government debt to collateralize their tokens.

“This increased demand for Treasury securities will drive down interest rates on federal debt,” Bessent wrote, calling it a ‘win-win-win’ for the government, private issuers, and consumers.

GENIUS Act: A Legislative Boost to the Stablecoin Sector

▪️ On June 12, the U.S. Senate passed the GENIUS Act by a 68–30 vote, marking a historic step toward comprehensive stablecoin regulation.

▪️ The act is designed to create clear, secure rules for stablecoin issuance and compliance, boosting trust in the sector and enabling further growth both domestically and globally.

▪️ Bessent emphasized that this legal clarity could be the catalyst needed to make the U.S. a global hub for stablecoin development, while reinforcing the dominance of the U.S. dollar in digital finance.

Why This Matters

▪️ The U.S. national debt currently exceeds $35 trillion, and interest payments are one of the fastest-growing components of the federal budget.

▪️ If stablecoin expansion results in sustained buying of Treasury bonds, the government could see a long-term reduction in debt service costs.

▪️ This scenario would embed U.S. debt instruments more deeply into the digital asset ecosystem, further stabilizing the financial system and anchoring the U.S. dollar’s role in global markets.

Right now, the total stablecoin market stands at roughly $255 billion, but with new laws and Treasury support, it could evolve into one of the most significant financial innovations of the decade.

@ Newshounds News™
Source: Crypto Times

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U.S. Senate Passes GENIUS Act in Historic Stablecoin Milestone

In a major breakthrough for crypto regulation, the U.S. Senate passed the GENIUS Act on Tuesday, establishing the country’s first legislative framework for payment stablecoins. The bill passed with a strong bipartisan vote of 68–30, signaling growing congressional consensus on the future of digital finance.

This marks the first time comprehensive crypto legislation has cleared the Senate, and it now heads to the House for consideration.

GENIUS Act: A Defining Moment for U.S. Crypto Policy

▪️ The GENIUS Act is designed to provide clear rules for dollar-backed stablecoins, a rapidly expanding part of the crypto economy.

▪️ Senate Banking Chair Tim Scott (R-S.C.) called the legislation “a product of principled, bipartisan leadership,” adding:

“With the GENIUS Act, we’re bringing clarity to a sector that’s been clouded by uncertainty.”

▪️ Eighteen Democrats joined most Republicans to push the bill through after weeks of procedural hurdles and cross-party negotiations.

Legislative Journey Marked by Friction and Compromise

▪️ Though the bill sailed through the Senate Banking Committee this spring with bipartisan support, it stalled in early May when a group of crypto-friendly Democrats pulled support, citing a breakdown in negotiations.

▪️ Sen. Ruben Gallego (D-Ariz.), a lead Democratic negotiator, celebrated the final deal:

“This is proof of what can be achieved through honest negotiations and a willingness to work across the aisle.”

▪️ A new compromise bill emerged after two weeks of intense talks, paving the way for the landmark vote.

Industry Impact and Bipartisan Support in the House

▪️ House Financial Services Chair French Hill (R-Ark.) welcomed the Senate passage, saying:

“It brings lawmakers one step closer to creating a functional regulatory framework.”

▪️ While the House advanced its own version—the STABLE Act—in April, it has yet to come to the floor. However, Hill noted strong interest in pushing forward quickly to align with Senate progress.

Criticism and Political Tensions Around Trump Ties

▪️ Some Democrats expressed concern about conflicts of interest involving former President Donald Trump, noting the absence of provisions to prevent him from profiting off stablecoin regulations.

▪️ Sen. Jeff Merkley (D-Ore.) criticized the final bill:

“Passing the GENIUS Act without strong anti-corruption measures stamps a Congressional seal of approval on President Trump selling access to the government for personal profit.”

▪️ The initial plan to allow floor amendments was scrapped by Senate Majority Leader John Thune (R-S.D.) to avoid last-minute complications, including controversial proposals like the Credit Card Competition Act.

What’s Next: Market Structure Legislation Still Pending

▪️ The stablecoin bill is part of a larger Republican and Trump administration effort to establish clear crypto rules before August.

▪️ The broader Digital Asset Market Clarity Act, which would determine how regulatory power is split between the SEC and CFTC, has made slower progress but cleared two key House committees last week.

Conclusion:
The Senate’s passage of the GENIUS Act represents a historic win for the crypto industry, marking a shift from regulatory ambiguity to legislative clarity. With the House now expected to take up the measure, stablecoin oversight could soon become the first officially codified area of U.S. crypto law.

@ Newshounds News™
  Source: The Hill

~~~~~~~~~

BRICS Bank to Disburse Loans in National Currencies, Reducing U.S. Dollar Dependence

The New Development Bank (NDB), also known as the BRICS Bank, is moving forward with plans to issue loans in national currencies, a major step toward reducing reliance on the U.S. dollar and strengthening local financial sovereignty among member nations.

The initiative aims to center regional currencies in cross-border financing and make the bank more resilient against external financial pressures.

A Strategic Response to Western Sanctions

▪️ The shift was confirmed by Russian Deputy Foreign Minister Sergey Ryabkov, who attributed the move to sanctions imposed by the White House on several developing countries.

▪️ Ryabkov stated that Russia is working closely with NDB to promote lending and repayment in national currencies, positioning the bank as a more attractive and autonomous lender for emerging economies.

“Sanctions pressure from Western countries still impedes the normal functioning of the bank on the territory of the Russian Federation,” Ryabkov noted.

Dilma Rousseff’s Role in Overhauling BRICS Lending Framework

▪️ The bank’s president, Dilma Rousseff, has been tasked with leading the transition. According to Ryabkov, she is actively implementing measures to expand financing in national currencies and develop new investment tools.

▪️ He emphasized that these steps are aimed at aligning the NDB’s operations with BRICS’ larger vision of a fair, non-discriminatory global financial system.

“The management of NDB... takes necessary steps for BRICS Bank to meet its goals on a fair and non-discriminatory basis,” Ryabkov said.

Trade Wars and Tariffs Fuel the Push for Independence

▪️ Ryabkov also criticized ongoing tariffs and trade wars, stating that these measures have disrupted the flow of global trade and undermined multilateral cooperation.

▪️ He said BRICS nations are united in their view that Western-imposed economic barriers hinder progress toward sustainable development goals.

“Such measures undermine the multilateral trade system,” Ryabkov warned, reiterating BRICS’ call for more inclusive and balanced global finance.

What This Means for Emerging Economies

▪️ By enabling billions in loans to be disbursed and repaid in national tenders, the BRICS Bank is not only insulating member economies from geopolitical pressure—but also increasing the strength and utility of local currencies.

▪️ The move may encourage greater adoption of national currencies in regional trade and investment, positioning BRICS as a serious counterbalance to the dollar-dominated financial order.

▪️ Although no timeline has been announced, the shift signals a deeper financial realignment as the BRICS alliance continues its push for monetary multipolarity.

@ Newshounds News™
Source: Watcher.Guru   

~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 6-18-2025

TNT:

Tishwash:  Investment in Kurdistan and Iraq is on the agenda of Nechirvan Barzani's meeting with Emirati diplomats.

Kurdistan Region President Nechirvan Barzani discussed investment opportunities in the Kurdistan Region and Iraq on Tuesday with the Chargé d'Affairs of the UAE Consulate General in the Kurdistan Region, Sheikha Bashir Farhan.

A statement issued by the Kurdistan Region Presidency, received by Shafaq News Agency, stated that, "On Tuesday, June 17, 2025, the President of the Kurdistan Region, Nechirvan Barzani, received Sheikha Bashir Farhan, the Chargé d'Affairs of the Consulate General of the United Arab Emirates in the Kurdistan Region, and discussed with her relations between Kurdistan and the Emirates."

The statement added, "During the meeting, Barzani congratulated Sheikha on assuming her position," expressing "his hope for her success and affirming the support and assistance of the relevant authorities in the Kurdistan Region to enable her to carry out her duties to the fullest extent possible."

For her part, the Emirati official conveyed the greetings and appreciation of the UAE President, Mohammed bin Zayed Al Nahyan, and her country's leadership to Barzani, stressing "the UAE's desire to develop and strengthen relations with the Kurdistan Region," according to the statement.

He pointed out that "the meeting addressed Emirati job and investment opportunities in Iraq and the Kurdistan Region, in addition to the latest developments in the region."  link

Tishwash:  Parliamentary source: Al-Mandlawi is the prime suspect in the 2024 budget manipulation case

An informed parliamentary source revealed, on Wednesday, the involvement of First Deputy Speaker of Parliament Mohsen Al-Mandalawi in the case of tampering with the 2024 budget tables, indicating that there is a large financial difference of up to 15 trillion dinars between the tables sent by the government and those voted on by Parliament.

The source, who preferred to remain anonymous, told Al-Maalouma Agency, “The parliamentary investigations into the tampering with the 2024 budget tables were obstructed by the direct intervention of Mohsen Al-Mandalawi, who exploited his position as acting Speaker of Parliament at the time to pressure the investigation, due to his direct involvement in the case.”

He explained that "the investment committee asked the Finance Committee to provide it with all documents related to the financial tables, and the Finance Committee responded and provided what was requested, but the investigations were stalled and their results have not yet been revealed."

The source stressed that "manipulating the schedules represents a serious violation, especially in light of the absence of final accounts, which opens the door to unaccountable financial transfers and gives multiple parties the opportunity to act without real oversight."

It is noteworthy that economic experts had previously warned of the danger of manipulating budget schedules, given the lack of transparency and the failure to submit final accounts, which reinforces fears of systematic financial corruption within state institutions.  link

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

Tishwash:  Al-Sudani's advisor reveals to "Tariq Al-Shaab" the procedures for dividing "Rafidain" into two banks. 

The Iraqi banking sector continues to suffer from chronic deterioration and weakness due to accumulated financial failures, weak capital, and a host of other factors, hampering its vital role in supporting the national economy.

There is no doubt about the importance of reforming and developing the banking sector in Iraq, including Rafidain Bank, which constitutes the cornerstone of the country's financial system and government payments system.

Conditions for successful structuring

Although this step is necessary, experts emphasize the need to implement it cautiously and gradually, while enhancing governance and transparency to avoid the risks of rapid privatization and prevent any political influence in the new management of the bank or elsewhere, thus ensuring the restoration of confidence among investors and citizens alike.

How is it structured?

In this regard, the Prime Minister's Financial Advisor, Dr. Mazhar Mohammed Salih, stated that Rafidain Bank—one of the largest commercial government banks in Iraq—has previously suffered from accumulated failures that have posed a significant obstacle to its development, despite its status as the backbone of the government payments system.

In an interview with "Tariq Al-Shaab," Saleh said, "Government and individual financial transactions have become largely intertwined, at a time when the bank suffers from weak capital, a near-total reliance on government liquidity, and limited international banking relationships."

He pointed out that Rafidain Bank "alone accounts for approximately 60% of total banking assets in Iraq, which reflects its significant size and the importance of its reform within a broader framework for developing the country's banking sector."

He explained that "the study currently being prepared by Ernst & Young is moving towards separating the bank into two independent entities. The first, called Rafidain 1, will be a joint-stock bank open to citizen participation, with the government's stake remaining below 25%, to avoid transforming it into a mixed-sector or fully private sector."

He explained that "Rafidain 1" will be effectively integrated into the national and international banking environment, will be managed in partnership with a strategic banking partner (international or regional), and will rely on modern digital and financial technology. It will also work to finance foreign trade and enhance domestic investment, representing a qualitative shift in the structure of the Iraqi banking sector, which suffers from isolation between government and private banks.

He added, "The goal is to establish a bank that complies with international standards, is free from money laundering issues, and keeps pace with technological developments, thus contributing to improving the banking environment in Iraq."

traditional Mesopotamia

The second entity, according to Saleh, will maintain the "traditional Rafidain Bank" as a fully state-owned bank, exclusively concerned with government financial operations. It will be the official banking arm of the state, responsible for managing the unified treasury account and all government payments.

He explained that "Rafidain 1, which will be privatized through a guaranteed process, will be completely separate from Rafidain 2, and will deal with the banking market and citizens as a major joint-stock company, with a strategic banking partner." He noted that "the details of the capital, number of branches, size of assets, and the transformation mechanism will be precisely determined within the comprehensive study being prepared by the consulting firm, which is expected to be completed and submitted by the end of this year."

Private sector involvement

For his part, economic expert Ahmed Abdul Rabbo stressed that "the restructuring of Rafidain Bank represents a crucial step in the process of reforming the Iraqi banking sector, but it requires careful and gradual implementation to avoid any negative repercussions."

In an interview with "Tariq Al-Shaab," Abd Rabbo explained that "successful restructuring must begin with comprehensive administrative and technical reforms, clearing the public budget of accumulated burdens, and strengthening the principles of governance and transparency." He emphasized the need to "gradually involve the private sector without relinquishing the state's strategic control over the bank."

He warned of "the risks of rapid or random privatization, or selling assets for less than their true value, as well as maintaining government influence within the bank's new management, all of which could undermine reform goals rather than achieve them."

He continued that the success of this process "will contribute to restoring confidence in the banking sector, enhance the attraction of local and foreign investment, and improve the efficiency of the financial system as a whole." However, he cautioned that "any errors in implementation could lead to financial or social crises that would be difficult to contain later."  link

Mot:  Sure Miss those simpler days.

Mot:  I've Had Enough – Sooooo 

MilitiaMan & Crew: Iraq Dinar Update-End To Cash-Maximization of Non-Oil Revenues-Banking Reforms-International Trade

MilitiaMan & Crew:  Iraq Dinar Update-End To Cash-Maximization of Non-Oil Revenues-Banking Reforms-International Trade

6-17-2025

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=LlexD2IEHeA

Iraq Economic News And Points To Ponder Tuesday Evening 6-16-25

A Parliamentary Bloc Calls For A Permanent Meeting Of The Crisis Cell To Address Developments In The Region.

Tuesday, June 17, 2025, | Politics Number of reads: 210  Baghdad / NINA / The parliamentary opposition bloc criticized what it described as the absence of representatives of the blocs representing the governorates from the emergency session to discuss the violation of Iraqi airspace, while demanding a permanent convening of the crisis cell to address any developments in the region.

The head of the bloc, MP Amer Abdul Habbar, said in a press conference on Tuesday, that "the session held to discuss the violation of Iraqi airspace did not achieve quorum, as the number of attendees reached only 75 representatives, and there were no representatives of the Kurdish blocs, the blocs of the central and southern governorates, and the blocs of the western governorates, but rather the presence of only individuals to discuss a sensitive issue that affects the country's sovereignty, security and stability."

He added, "Since last year, we have submitted an official request to form a secret operations room headed by the Commander-in-Chief of the Armed Forces and with the participation of all security agencies and formations, including those affiliated with the security services and those not affiliated, for the necessity of having a national decision that takes into account the interest of Iraq, and spares the country the risk of entering into military and security conflicts." https://ninanews.com/Website/News/Details?Key=1234931

The Dollar Declines In Iraq After An Earlier Rise.

Economy | 06/17/2025  Mawazine News - Baghdad -  The dollar exchange rate witnessed a decline against the dinar in local markets. It fell on the Al-Kifah and Al-Harithiya stock exchanges to 143,250 Iraqi dinars for every $100, while yesterday morning, Monday, it recorded 143,850 dinars for every $100.

Selling prices in exchange shops in local markets in Baghdad also declined, as the selling price reached 144,250 Iraqi dinars for every $100, and the buying price reached 142,250 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=262691

Gold Temporarily Fell 1.2% After A Sharp Rise.

Tuesday, June 17, 2025 | Economic Number of reads: 177   Baghdad / NINA / Gold prices fell by more than 1% during today's trading, as investors turned to profit-taking after the precious metal approached its highest levels in eight weeks.

Spot gold fell 1.2% to $3,392.86 per ounce, after reaching its highest level since April 22 earlier in the session.  The yellow metal had risen by more than 1% on Friday.  US gold futures fell 1% at settlement, recording $3,417.30 per ounce.

As for the rest of the precious metals, silver prices stabilized at $36.33 per ounce, while platinum rose 2% to $1,252.57, and palladium rose 0.8% to $1,036.10 per ounce. / End https://ninanews.com/Website/News/Details?key=1234872

Brent Crude Futures Rose 1.6%.

Tuesday, June 17, 2025 09:47 | Economic Number of reads: 176  

Baghdad/ NINA / Global oil market prices rose more than 2% today (Tuesday).

Brent crude futures rose $1.17, or 1.6%, to $74.4 a barrel.

US West Texas Intermediate crude rose $1.34, or 1.87%, to $73.11. https://ninanews.com/Website/News/Details?key=1234874

Economist: Targeting Oil Facilities Could Raise The Price Of A Barrel To $130.
 
Today 12:18  Information / Baghdad..  International economics professor Nawar Al-Saadi warned on Tuesday that  an escalation in military tensions between Iran and the Zionist entity, with the exchange of strikes shifting from limited scope to direct targeting of vital infrastructure,  could push the world toward one of the most serious economic crises in decades.   

Al-Saadi told Al-Maalouma News Agency that  "the targeting of a gas platform by the Zionist entity and Iran's response by bombing a refinery in Haifa represent a dangerous indicator of the potential outbreak of a strategic assets war in which energy facilities, including oil and gas, become key targets in the conflict." 

He added that  "global energy security will be the first to pay the price," noting that  "the Strait of Hormuz, over which Iran has geographic control, passes more than 25% of global oil exports."   

He explained that  "any actual threat to this vital waterway, whether through closure, bombing, or naval mines, would cause a market shock that could send oil prices to nearly $130 per barrel if navigation were partially disrupted." 

 He explained that  "this price jump will put significant pressure on the economies of importing countries, particularly in Asia and Europe,  and will push toward a new global inflationary wave
that could weaken purchasing power and lead to an economic slowdown that could reach the point of recession if the conflict continues." 

 He pointed out that  "the repercussions of the escalation will impact global supply chains,
particularly in the transportation and heavy industry sectors, due to rising fuel and logistics costs,
which threatens a shortage of basic commodities and a decline in global production." 

He stressed that  "the Gulf states will not be immune from the impact, despite their relative distance from the geography of the confrontation," noting that their energy facilities remain vulnerable to potential missile or electronic attacks, which would deepen the supply crisis. 

As for Iraq, he noted, "The impact will be twofold.
 
While it may benefit in the short term from higher oil prices,
it could face a real problem if the Strait of Hormuz is closed or export routes are disrupted,
particularly given the Ceyhan pipeline's closure and its current reliance on the Gulf as the sole conduit for its oil exports." 

He concluded by saying,  "The transformation of the conflict into a full-scale war on energy infrastructure will not remain confined to its security or political scope, but may cause a global economic shock deeper than that caused by the Ukraine war, with the potential to redraw the map of alliances and centers of economic influence in the world."  End 25/S      
https://almaalomah.me/news/101672/economy/اقتصادي:-استهداف-منشآت-النفط-قد-يرفع-سعر-البرميل-إلى-130-دول  

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