“Tidbits From TNT” Friday Morning 6-20-2025

TNT:

Tishwash:  Oil: The gas sector receives exceptional attention from the Prime Minister.

The Ministry of Oil confirmed, on Thursday, that the gas sector has received exceptional attention from Prime Minister Mohammed Shia Al-Sudani.

A statement by the Ministry of Oil received by the Iraqi News Agency (INA) stated that "Undersecretary of the Ministry of Oil for Gas Affairs Izzat Sabir Ismail, during his speech at the Second Liquefied Natural Gas Forum, stressed the importance of government support for the gas industry and investment sector to achieve the ministry's goals and plans for optimal investment of this resource, in a way that supports the national economy and sustainable development."

He added, "The gas sector has received exceptional attention from Prime Minister Mohammed Shia Al-Sudani and Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani, as the government has worked to support gas industry and investment projects, which have contributed to increasing national production of natural and liquid gas in accordance with the government program. The volume of gas investment in general has increased to more than seventy percent after it did not exceed fifty-two percent during the first year of the government's term."

He pointed out that "the most important of these projects, implemented by the Ministry and its national companies in cooperation with specialized international companies, are concentrated in the governorates of Basra, Maysan, and Dhi Qar, in addition to the central and Kirkuk fields."

He explained that "achieving this exceptional leap in production represents a bright sign towards achieving our goal of stopping - and achieving zero - gas flaring during the period extending from 2028 to 2030, which in turn leads to the elimination of harmful emissions to the environment and public health, in addition to fulfilling our moral commitment to the 2016 Paris Agreement, which strengthens Iraq's position and role in the international community and the global energy sector."

The Undersecretary of the Ministry highlighted "the importance of "liquefied gas" as it represents a vital economic tributary that generates significant financial returns for the country and contributes to diversifying sources of income," noting that "the Ministry of Oil's support for this forum stems from its keenness to ensure the development of this industry through economic methods, approaches, and mechanisms built on sound foundations, achieving the highest benefit for the national economy."

The Undersecretary of the Ministry affirmed that "the forum is an important opportunity to exchange views, discuss technical and commercial challenges, and review development and expansion opportunities, in line with the government and ministry's plans in this field. We look forward today to constructive discussions and practical, implementable outcomes that will contribute to drawing a clear roadmap for the future of liquefied gas in Iraq."

The Undersecretary of the Ministry revealed "Basra Gas Company's plans to reach a production of more than eight thousand tons per day of liquefied gas in the next few years, as its current production stands at six thousand tons per day. Achieving this exceptional qualitative leap in production represents a bright sign for the gas sector."  link

***********

Tishwash:  Government advisor: Foreign exchange reserves are the highest in Iraq's history.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Thursday that Iraq is witnessing economic stability and developmental prosperity, with low inflation and unemployment and high growth. He also noted that foreign exchange reserves are the highest in Iraq's history.

“Iraq faces strong economic challenges in the geopolitical context due to the ongoing war in the Middle East,” Saleh told the official agency, followed by Iraq Observer. “This may be related to the movements of Iraq’s trade balance with the world, especially oil exports and energy markets. While the Gulf and the passage of oil and gas through the Strait of Hormuz represent approximately 30 percent of the flow of energy from its sources to the world, 99 percent of Iraq’s oil is currently exported through the Gulf and the aforementioned strait to world markets, especially the economies and markets of Asia.”

“The increase in crude oil prices, which jumped by nearly $10 before the recent outbreak of the Iranian-Israeli war, is a positive price shock,” he added. “However, at the same time, we must be careful about the consequences of the war and the safety of oil routes in the Gulf, without forgetting that import trade is also bearing risks represented by rising shipping and insurance costs and rising prices, which may increase with the escalation of conflict levels across the Gulf as well.”

He explained that "the positive external price factors in the value of oil exports, which are dependent on geopolitics, should not be the basis for sustainable fiscal policies based on oil revenues, which constitute a central component of public revenues and shape the 2025 budget schedules, unless stability is achieved and the threat of war in all its forms is eliminated."

Regarding the government's delay in submitting the federal general budget schedules for the year 2025, Saleh explained that "one of the requirements stipulated in the Triennial General Budget Law No. 13 of 2023 is due to the amendment of some paragraphs of the Federal General Budget Law for the three years 2023, 2024 and 2025 last February of this year, which were originally covered by Law No. 13 of 2023."

He explained that "this required systematic, practical and oversight communication between the House of Representatives and the government and its bodies represented by the Ministry of Finance to accurately and comprehensively monitor federal revenues and all financial procedures, especially the management of current operational and investment expenditures without interruption, as well as deficit financing."

He pointed out that "the delay in submitting the schedules was influenced by external factors, which are merely reflections of external geopolitical shocks, whether global trade wars, the energy markets experiencing some price contraction before their sudden improvement, or the beginning of indicators of a downward and upward oil asset cycle that should have been addressed by adjusting some spending rules."

Saleh pointed out that, "Despite the ongoing concerns raised during the first half of the current fiscal year, regarding complete financial stability, our country's financial situation has not shown any concerns. This is due to sound management and the high degree of compatibility between the country's fiscal and monetary policies, as monetary policy supports the country's financial policy with its foreign currency reserves, which are the highest in Iraq's history."

He emphasized that "during such periods, monetary policy plays its role in stimulating the domestic financing market with the strength of reserves, particularly in supporting and stabilizing liquidity and general cash flows in the country. This is done to ensure government development programs for the diverse and comprehensive infrastructure projects our country is witnessing, given their role in stimulating the labor market and businesses."

He continued, "All fears have been dispelled due to the mutual and cohesive immunities within the framework of the economic policy itself and the implementation of the government's program, coupled with high financial excellence and discipline."

He explained that “the delay in submitting the 2025 budget schedules to the House of Representatives did not prevent the implementation of the public finance program covered by the basics of the current general budget law, but the external circumstances and successive international economic shocks in the energy market, and the amendment to the current law No. 13, as we mentioned, regarding the issue of assessing the costs of extracting the region’s oil and its marketing costs, are what required time for partial adjustment in some of the constants and variables related to revenues, public expenditures, and deficit management.”

He pointed out that "these tables will be submitted in the coming period based on the provisions of Article 77/Second of Law 13, as mentioned above, which requires the House of Representatives to approve the general budget tables for the current fiscal year, which are now at the end of their preparations for presentation to the House."

He concluded by saying: “The strength of the coordination between the government’s general policies in the financial and monetary fields has dispelled all those concerns about the management of problems resulting from the global economic situation.

Rather, it is working in the interest of the sustainability of economic stability and sustainable development in our country, which is witnessing years of high stability and remarkable development prosperity, whether through low inflation rates, low unemployment rates, or high levels of growth, especially after the launch of the philosophy of strategic partnership between the state’s economy and the market, within the social market strategy that stipulates protecting the stability of citizens’ living standards and supporting the role of the market in investment, reconstruction, and development together.” link

Mot:  UH OH!!! 

Mot . and four Todays ""Mots Advice"" -----

MilitiaMan & Crew: IQD Update-Highest Cash Reserve-Prosperity-Federal Court of Justice Control-Salaries-Stamps-Currency

MilitiaMan & Crew:  IQD Update-Highest Cash Reserve-Prosperity-Federal Court of Justice Control-Salaries-Stamps-Currency

6-19-2025

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=OaRZU2gUb84

The Credit Bubble has Expanded into Equities, Parallels to 1929

Alasdair Macleod: The Credit Bubble has Expanded into Equities, Parallels to 1929

Palisades Gold Radio:  6-19-2025

Tom Bodrovics welcomes back gold market and finance expert Alasdair Macleod. Together they explore the escalating systemic risks in global gold and silver markets, driven by surging demand for physical delivery.

Macleod highlighted the European Central Bank’s (ECB) warning about skyrocketing counterparty risks in gold derivatives, emphasizing that COMEX delivery demands have reached unprecedented levels, with an annualized rate of 1,500 tons—far exceeding post-pandemic trends.

 This surge reflects a growing scramble for physical metal which is exacerbated by delays in delivery fulfillment. Bullion banks, fearing tariffs and supply shortages, inflated futures prices to create arbitrage opportunities, further straining markets.

 Macleod underscored a critical shift: central banks, once willing to lease gold to stabilize markets, now hesitate to renew leases, fearing irreversible loss of reserves.

This trend, compounded by COMEX silver shortages, signals deepening liquidity crises. Demand is driven by sovereign wealth funds, Asian families, and Middle Eastern entities diversifying from the dollar amid geopolitical tensions and long-term currency devaluation fears.

The discussion pivoted to the U.S. debt trap, with deficits exceeding 6% of GDP and tepid demand for long-term Treasuries. Macleod compared today’s credit bubble and protectionist tariffs to the 1929 crash, warning of a potential debt deflation spiral.

He noted China’s strategic accumulation of gold and silver, possibly prepping the yuan for gold backing, while avoiding abrupt moves to destabilize Western economies. Amid these risks, Macleod stressed wealth preservation over accumulation, advocating physical gold as a hedge.

 He cautioned that markets underestimate the looming convergence of fiscal instability, currency crises, and geopolitical shifts, urging vigilance as structural economic fractures deepen.

The episode closed with a stark reminder: today’s calm belies a gathering storm, mirroring historical precedents where credit excesses and policy missteps fueled systemic collapse.

https://www.youtube.com/watch?v=IsLgA6IKxcg

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

Financial Advisor: Iraq Has The Highest Foreign Exchange Reserves In Its History And Its Economy Is Entering A Boom Phase

Buratha News Agency 25-06-19   The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, confirmed on Thursday that Iraq is witnessing economic stability and developmental prosperity, with low inflation and unemployment and high growth, while pointing out that foreign exchange reserves are the highest in Iraq's history.

Salih told the official agency, "Iraq is facing strong economic challenges in the geopolitical complexes due to the ongoing war in the Middle East," noting that "this may be related to the movements of Iraq's trade balance with the world, especially oil exports and energy markets.

While the Gulf and the passage of oil and gas through the Strait of Hormuz represent approximately 30 percent of the flow of energy from its sources to the world, Iraq currently exports 99 percent of its oil through the Gulf and the aforementioned strait to world markets, especially Asian economies and markets."

He also explained that "the increase in the price of exported crude oil, which jumped by nearly $10, before the outbreak of the recent war between Iran and the Zionist occupation, is considered a 'positive price shock'.

However, at the same time, caution must be exercised regarding the consequences of the war and the safety of oil routes in the Gulf, without forgetting that the import trade has also begun to bear risks represented by the rise in shipping and insurance costs and rising prices, which may increase with the escalation of the levels of conflict across the Gulf as well."

He also explained that "the positive external price factors in the value of oil exports, which are linked to geopolitics, should not be the basis for sustainable fiscal policies based on oil revenues, which constitute a central component of public revenues and shape the 2025 budget schedules, unless stability is achieved and the threat of war in all its forms is eliminated."

Regarding the government's delay in submitting the federal general budget tables for the year 2025, Saleh explained that "one of the requirements stipulated in the Triennial General Budget Law No. 13 of 2023 is due to the amendment of some paragraphs of the Federal General Budget Law for the three years 2023, 2024 and 2025 last February of this year, which were originally covered by Law No. 13 of 2023."

He explained that "this required systematic, practical and oversight communication between the House of Representatives and the government and its bodies represented by the Ministry of Finance to accurately and comprehensively monitor federal revenues and all financial procedures, especially the management of current operational and investment expenditures without interruption, as well as deficit financing."

He pointed out that "the delay in submitting the schedules was influenced by external factors, which are merely reflections of external geopolitical shocks, whether global trade wars, the energy markets experiencing some price contraction before their sudden improvement, or the beginning of indicators of a downward and upward oil asset cycle that should have been addressed by amending some spending rules."

Saleh also pointed out that, "Despite the ongoing concerns raised during the first half of the current fiscal year, regarding complete financial stability, our country's financial situation has not shown any concerns.

This is due to sound management and the high degree of compatibility between the country's fiscal and monetary policies, as monetary policy supports the country's financial policy with its foreign currency reserves, which are the highest in Iraq's history."

He also emphasized that "during such periods, monetary policy plays its role in stimulating the domestic financing market with the strength of reserves, particularly in supporting and stabilizing liquidity and general cash flows in the country.

This is done to ensure government development programs in the diverse and comprehensive infrastructure projects that our country is witnessing, given their role in stimulating the labor market and businesses."

He continued, "All concerns have been dispelled due to the mutual and cohesive immunities within the framework of the economic policy itself and the implementation of the government's curriculum, coupled with high financial excellence and discipline."

He added, "The delay in submitting the 2025 budget schedules to the House of Representatives did not prevent the implementation of the public finance program, which is covered by the basics of the current general budget law.

However, external circumstances, successive international economic shocks in the energy market, and the amendment to the current law No. 13, as we mentioned, regarding the issue of assessing the costs of extracting and marketing the region's oil, are what required time for partial adjustment in some of the constants and variables related to revenues, public expenditures, and deficit management."

He pointed out that "these tables will be submitted in the coming period based on the provisions of Article 77/Second of Law 13, as mentioned above, which requires the House of Representatives to approve the general budget tables for the current fiscal year, which are now at the end of their preparations for presentation to the House."

He concluded by explaining that "the strength of the coordination between the government's general policies in the financial and monetary fields has dispelled all those concerns about the management of problems resulting from the global economic situation.

Rather, it is working in the interest of the sustainability of economic stability and sustainable development in our country, which has witnessed years of remarkable stability and development prosperity, whether through low inflation rates, low unemployment rates, or high levels of growth.

This is especially true after the launch of the philosophy of strategic partnership between the state's economy and the market, within the social market strategy that calls for protecting the stability of citizens' livelihoods and supporting the role of the market in investment, reconstruction, and development together."  https://burathanews.com/arabic/economic/461671  

Ministry Of Reconstruction {To Euphrates News}: All Projects In The First Package Will Be Completed By The End Of This Year.

Time: 2025/06/19 18:14:54 Reading: 180 times  {Local: Al Furat News} The Ministry of Construction and Municipalities announced today, Thursday, that all projects in the first package will be completed by the end of this year. 

The useful summary.. In the important news, you can find it on the Euphrates News channel on Telegram..

Ministry spokesman Nabil Al-Saffar told Furat News, "All of these projects will be inaugurated by the end of the year, particularly the remaining projects in the first package."

Al-Saffar added, "The delay in approving the budget schedules has not affected the smooth flow of traffic relief projects, despite the halt in the release of financial allocations."  LINK

 

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

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/