MilitiaMan and Crew: Iraq Dinar-Restore Global Balance-In the Chief Justice Hands

MilitiaMan and Crew:  Iraq Dinar-Restore Global Balance-In the Chief Justice Hands

6-24-2025

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=Db0mGXPcAYc

Iraq Economic News and Points To Ponder Tuesday Afternoon 6-24-25

Al-Sudani Directs The Ministries Of Finance And Planning To Expedite Financing And Disbursement Procedures.

Economy | 06/24/2025  Mawazine News - Baghdad:  Prime Minister Mohammed Shia Al-Sudani directed the Ministries of Finance and Planning to expedite the completion of financing and disbursement procedures for government projects and programs.

Al-Sudani's government office said in a statement received by Mawazine News, "Prime Minister Mohammed Shia Al-Sudani chaired a meeting today, Tuesday, to approve the schedules of dues for the ministries' investment projects.

" The meeting reviewed "the basic details of the projects, as the final schedule was approved to release (2) trillion dinars to cover the ministries' investment plan projects in accordance with the relevant Cabinet decision, which was issued in the twenty-second session of this year, noting that (1.4) trillion dinars were released for investment projects in the governorates, and the Prime Minister directed the Ministries of Finance and Planning to expedite the financing and disbursement procedures."

The statement explained that "this step comes as confirmation of the government's direction towards completing its service projects, which will witness an acceleration in implementation and achievement, based on what was stated in the government program to develop the productive investment, service and economic sectors, in order to provide services to citizens." https://www.mawazin.net/Details.aspx?jimare=263028

Oil Prices Fall To Their Lowest Level In More Than A Week

Energy  Economy News – Baghdad  Oil prices fell sharply to their lowest levels in more than a week on Tuesday after US President Donald Trump announced a ceasefire agreement between Iran and Israel, easing fears of supply disruptions in the major oil-producing Middle East.

Brent crude futures fell $2.08, or 2.9%, to $69.40 a barrel, after earlier falling more than 4% and touching their lowest level since June 11.

U.S. West Texas Intermediate crude fell $2.03, or 3.0%, to $66.48 a barrel, after falling 6% to its lowest level since June 9 earlier in the session.

Trump announced on Monday that Israel and Iran had fully agreed to a ceasefire. If both sides adhere to the agreed-upon timelines, the war will officially end within 24 hours, bringing the 12-day conflict to a close.

"If both sides adhere to the ceasefire as announced, investors may expect oil prices to return to normal," said Priyanka Sachdeva, senior market analyst at Philip Nova.

"In the future, the extent to which Israel and Iran adhere to the terms of the recently announced ceasefire will play a significant role in determining oil prices," she added.

Iran is OPEC's third-largest crude oil producer, and de-escalation will allow it to export more oil and prevent supply disruptions, a major factor in the rise in oil prices in recent days.

Oil prices fell more than 7 percent at settlement in the previous session, after rising to their highest levels in five months following the US attack on Iranian nuclear facilities earlier this week, which raised fears of an escalation in the Israeli-Iranian conflict.  https://economy-news.net/content.php?id=56560

Iraq Resumes Flights In The Southern Regions And Prepares To Open All Its Airports.

Money and Business   Economy News – Baghdad   The Ministry of Transport announced on Tuesday the opening of Iraqi airspace in the southern region to flights following the entry into force of the ceasefire between Iran and Israel.  The ministry said in a brief statement that work is underway to resume flights at all Iraqi airports.    https://economy-news.net/content.php?id=56563

Gold Prices Drop Sharply In Baghdad

Stock Exchange  Economy News – Baghdad  Foreign and Iraqi gold prices fell in local markets in the capital, Baghdad, on Tuesday (June 24, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of 664 thousand dinars per mithqal of 21 karat Gulf, Turkish and European gold, and a purchase price of 660 thousand dinars. Yesterday, Monday, it recorded 678 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 634,000 Iraqi dinars, and the buying price was 630,000 Iraqi dinars.

As for gold prices in jewelers' shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 665,000 and 675,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 635,000 and 645,000 dinars.   https://economy-news.net/content.php?id=56567

The Dollar Price Is Falling In Baghdad.

Economy | 12:59 - 06/24/2025  Mawazine News - Baghdad -  The dollar exchange rate witnessed a decline on Tuesday in local markets in three Iraqi governorates.  The selling price in Baghdad reached 143,500 Iraqi dinars for $100, while the buying price reached 142,250 Iraqi dinars.  https://www.mawazin.net/Details.aspx?jimare=263030

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

Nations Pull Gold from U.S. as War Looms and Debt Spirals

Nations Pull Gold from U.S. as War Looms and Debt Spirals

Taylor Kenny:  6-24-2025

Includes facts about World War 2, Vietnam War and Iraq War

War isn't random—and neither are the financial consequences. From WWII to Vietnam to Iraq, the same pattern emerges: fiat fails, markets crumble, and gold protects.

This video reveals how gold repeatedly outperforms during geopolitical chaos—and what that means for the next crisis.

CHAPTERS:

0:00 Economy During War

 1:08 Dow Jones

 3:08 Gold Holds Value

5:37 Vietnam War

10:35 Iraq War

13:48 Gold Protects You

https://www.youtube.com/watch?v=JLmh7qxCKqs

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 6-24-25

Good Afternoon Dinar Recaps,

Ledger Unveils 'Recovery Key' — A Tap-to-Recover Hardware Option for Crypto Wallets

As crypto adoption soars, Ledger introduces a new physical key to simplify wallet recovery while keeping self-custody secure.

Ledger has introduced Recovery Key, a new physical “spare key” designed to help users recover access to their crypto wallets with just a tap and PIN entry — no intermediary required.

◾ The feature is specifically compatible with Ledger Flex and Ledger Stax, the company’s e-ink touchscreen wallet products.
◾ Recovery Key works via secure NFC wireless communication, leveraging the same hardware-grade security that powers Ledger’s main devices.
◾ Users can now pair Recovery Key with their existing 24-word seed phrases or opt to use Ledger Recover, the company’s encrypted key-splitting recovery service. All are optional.

A Modern Approach to Backup and Recovery

As crypto’s market cap grew by nearly $1 trillion over the past year, Ledger says the demand for secure, practical recovery tools is more urgent than ever.

◾ Users can generate an always-offline backup key, secured with its own PIN and stored on tamper-resistant hardware.
◾ There is no limit to the number of Recovery Keys users can create — each requires device-side confirmation.
◾ “Too many people are compromising by keeping their assets on exchanges and insecure software wallets,” said Ian Rogers, Ledger’s Chief Experience Officer.

“With Ledger Recovery Key we are making secure self-custody easy-to-use for everyone.”

Built for Transparency and Trust

Ledger emphasized that transparency and auditability are foundational to the new feature’s rollout.

◾ The Recovery Key’s code and whitepaper are publicly available for community review.
◾ It has passed multiple rounds of internal security testing, including scrutiny by Ledger’s in-house white-hat team, the Donjon.
◾ Third-party external security audits were also conducted, and Ledger reports “extremely positive feedback” from experts.

“We’re excited to reveal it to the world for even more feedback ahead of its launch,” said Ledger CTO Charles Guillemet.

Complementary Options: Recovery Key, Ledger Recover, or 24-Word Phrase

Ledger is expanding its self-custody toolkit by offering layered options that address the needs of different users without compromising on control.

◾ The new Recovery Key joins Ledger Recover, a paid service launched in 2023 that splits, encrypts, and stores seed phrases across multiple jurisdictions.
◾ Recovery Key is standalone and optional, and users may use one, both, or neither, depending on their security preferences.
◾ Despite community concerns about personal data and custodial risk, Ledger maintains that its multi-path recovery strategy offers flexibility and safety.

Ledger Surpasses 7.5 Million Devices Sold

The launch follows successful adoption of Ledger Stax and Ledger Flex, which helped drive total device sales past the 7.5 million mark. The Paris-based firm says its expanding ecosystem reflects growing global interest in secure self-custody tools.

@ Newshounds News™
Source: The Block

~~~~~~~~~

Democrats Push COIN Act to Regulate Trump’s Crypto Influence

Senator Adam Schiff targets Donald Trump’s growing ties to crypto with a bill designed to curb political profiteering in digital assets.

Former President Donald Trump’s private dinner for memecoin holders has ignited a political backlash, triggering new legislation aimed at restricting crypto activity by political leaders. Democratic Senator Adam Schiff has introduced the COIN Act — Curbing Officials’ Income and Nondisclosure — to close what he calls an emerging loophole between digital finance and political power.

▪️ The COIN Act would bar current and former top U.S. officials from creating, promoting, or investing in cryptocurrencies, NFTs, or stablecoins during and for two years after their terms.
▪️ Schiff directly targets Trump’s alleged $57 million gains from the family-linked crypto platform World Liberty Financial (WLF).
▪️ The bill follows a Trump-hosted dinner that rewarded top holders of his personal memecoin.

Crypto Influence: A New Political Battleground

Senator Schiff warns that Trump’s crypto engagements mark a dangerous fusion of personal enrichment and institutional authority.

▪️ Schiff claims Trump is using crypto as “a lever for private financial gain” through World Liberty Financial, in which the Trump family held a majority stake before reducing it to 40%.
▪️ A controversial turning point: WLF’s launch of the USD1 stablecoin, later cited in a $2 billion Abu Dhabi investment announcement involving Binance.
▪️ Trump’s estimated $3 billion in digital assets — nearly 40% of his total net worth — raises red flags for Democrats who view this as financial soft power cloaked in populism.

“This is not just a tech issue — it’s a political integrity crisis,” Schiff said, framing the bill as a moral firewall between officeholders and DeFi ventures.

Democratic Counteroffensive: TRUMP in Crypto Act

Schiff is not alone in his push to draw a regulatory line. In the House of Representatives:

▪️ Maxine Waters has proposed the provocatively named TRUMP in Crypto Act, designed to explicitly ban political use of memecoins.
▪️ The bill’s timing? It dropped the same day Trump hosted his memecoin backers — a deliberate statement, not a coincidence.

Congressional Reality and Electoral Optics

Despite the bold proposals, both bills face major hurdles:

▪️ Democrats remain in the minority in Congress.
▪️ A presidential veto remains highly likely if either bill reaches Biden’s desk.
▪️ A two-thirds majority needed to override such a veto seems mathematically unreachable.

Still, Schiff and Waters are playing a longer game: influencing public opinion and reframing crypto as a 2024 campaign battleground.

Crypto: Campaign Currency or Conflict of Interest?

Trump’s crypto strategy, once seen as novel, now appears as a calculated expansion of influence and fundraising reach. Schiff sees crypto as:

▪️ A soft power tool used by political elites to reward loyalty.
▪️ A bypass around traditional financial disclosure norms.
▪️ A growing threat to transparency in both governance and elections.

“Crypto is no longer just code — it’s campaign capital, it’s a narrative weapon, it’s contested political territory.”

Conclusion: The Future of Political Crypto Regulation

The COIN Act and its House counterpart may struggle legislatively, but their symbolic value is growing. These proposals:

▪️ Reframe blockchain technology as a governance issue, not just a financial tool.
▪️ Signal that crypto oversight may soon become a partisan wedge issue.
▪️ Reflect the shifting reality: the blockchain is now electoral infrastructure.

@ Newshounds News™
Source: CoinTribune   

~~~~~~~~~

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Thank you Dinar Recaps

Basel 3, The BRICS & Financial Disorder

Basel 3, The BRICS & Financial Disorder

Miles Harris:  6-23-2025

As Western regulators tighten liquidity rules under Basel III, gold—the oldest store of value—has been quietly sidelined from modern banking.

 Yet at the same time, BRICS nations are accumulating it with strategic intent. Is this a regulatory oversight... or part of a deeper global shift?

 In this analysis, we’ll explore how Basel III shapes financial behaviour in the West—while BRICS nations operate on an entirely different playbook.

What emerges is not just a regulatory gap, but a structural divergence that may well redefine the future of money.

00:00 Intro

00:38 Basel 3 Technicalities

 03:56 Gold: Capital Efficient; Liquidity Inefficient

04:47 Basel III: Scope & Application

05:36 Opaque Channels Beyond Basel

 07:14 The East West Regulatory Divergence

https://www.youtube.com/watch?v=pMmO6T9JKNs

Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-24-25

Good Morning Dinar Recaps,

Iran Stands Firm as BRICS Calls US Strikes a Global Turning Point

Iran’s defiance in the face of US military action strengthens BRICS unity, marks a pivotal moment in the global economic and geopolitical order.

Amid escalating tensions, Iranian President Masoud Pezeshkian has emerged as a symbol of resistance, leading mass protests in Tehran following U.S. military strikes on Iran’s nuclear facilities in Isfahan, Natanz, and Fordo. In response, the BRICS bloc has rallied behind Iran, framing the attacks as a turning point in Western aggression against emerging powers.

▪️ The U.S. actions have been denounced as violations of international law by BRICS nations.
▪️ Iran’s resilience has reinforced BRICS unity and accelerated its push toward a multipolar world order.
▪️ BRICS views Iran’s handling of sanctions and pressure as a model for financial independence and strategic realignment.

A Defiant Iran Within a Strengthened BRICS Framework

Iran's president and foreign ministry have presented a firm front, signaling that the U.S. attack has only deepened Iran’s commitment to BRICS values.

▪️ Iranian Foreign Minister Abbas Araghchi accused the U.S. of deciding to “blow up diplomacy” and challenged calls for renewed negotiations:

“How can Iran return to something it never left?”
▪️ In Istanbul, Araghchi declared the U.S. and Israel had crossed “a big red line”:
“There is no red line that they have not crossed.”

▪️ Iran’s response aligns with BRICS’ multipolar vision and reinforces its stance on sovereignty, self-determination, and non-interference.

Russia’s Condemnation Signals BRICS Cohesion

Russia swiftly condemned the strikes, reinforcing the growing strategic alignment within the bloc.

▪️ The Russian Foreign Ministry stated the U.S. had violated the UN Charter and international law:

“This reckless decision… constitutes a blatant violation of international law, the UN Charter, and relevant UN Security Council resolutions.”
▪️ Moscow’s response places BRICS in direct opposition to unilateral U.S. military action, deepening its appeal among developing nations seeking alternatives to Western institutions.

Economic Reorientation: Iran's Sanctions and BRICS Integration

Iran’s economy, long impacted by U.S.-led sanctions, is undergoing structural realignment through BRICS support.

▪️ Chinese purchases of Iranian oil using yuan, and Russian technology transfers, are creating practical alternatives to the dollar-based system.
▪️ Iran is becoming a case study in how emerging economies can resist Western financial pressure by joining new global partnerships.
▪️ BRICS support extends beyond diplomacy, offering concrete economic lifelines and access to alternative markets.

Regional Impact and Ceasefire

While a ceasefire brokered via Qatar has paused hostilities, tensions remain high.

▪️ Former President Trump stated Iran “must now agree to end this war,” while President Pezeshkian labeled the U.S. “the main factor behind” Israel’s campaign.
▪️ Iranian forces reportedly continued military operations until 4 a.m., demonstrating readiness and resolve.

Strategic and Geopolitical Implications

The crisis has crystalized BRICS’ long-term goals:

▪️ Sovereignty, non-interference, and financial independence are now strategic imperatives.
▪️ The economic power shift from West to East continues gaining momentum, driven by BRICS' expanded influence and appeal.
▪️ New members are increasingly attracted to BRICS, not just for economic benefits, but for protection from Western-led interventions.

“The BRICS response to U.S. strikes will likely strengthen, not weaken, the alliance. This is a watershed moment for global realignment.”

Conclusion: A New Global Order Takes Shape

The unified BRICS stance following U.S. strikes on Iran marks a defining moment in the shift toward a multipolar world. As Iran models how resilience and realignment can neutralize Western leverage, other nations may follow, accelerating the de-dollarization movement and reinforcing BRICS as a viable global counterweight.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Tuesday Morning 6-24-2025

TNT:

Tishwash:  MP sues government over delay in sending budget tables to parliament

 Member of Parliament Hadi Al-Salami revealed on Monday that a lawsuit has been filed against the government for not submitting the 2025 budget schedules to Parliament.

Al-Salami said in a video that "the government violated Article 62 of the Constitution, Financial Management Law No. 6 of 2019, and Budget Law No. 23 of 2023," noting that "these violations negatively impacted the lives of citizens."  link

Tishwash:  Resignation of the Chief Justice of the Federal Supreme Court in Iraq

The Chief Justice of Iraq's Federal Supreme Court submitted his resignation on Monday, following the resignation of nine other members of the court due to an unprecedented constitutional vacuum .

According to local media reports monitored by Al-Sa'a Network, "Federal Supreme Court Chief Justice Jassim Al-Amiri submitted his resignation a short while ago," without providing further details .

Earlier, nine members of the Federal Court submitted a surprise resignation, leaving Iraq facing an unprecedented constitutional vacuum and effectively paralyzing the judicial institution empowered to resolve disputes and interpret laws .

Experts and parliamentarians described the resignation as a paralysis of the state's legal mind, opening the door to a legitimacy crisis affecting all aspects of the regime and placing sovereign issues on hold .

 Some political parties and legal experts have also warned against suspending the Federal Court's work, as ultimately only the Federal Supreme Court can resolve the legal issues of governance in Iraq by implementing the provisions of Article 93 of the Constitution and deciding on the public interest link

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Tishwash:  About 5,000 foreign oil workers exit Iraq amid Iran–Israel conflict

Thousands of foreign workers employed by international oil companies in Iraq’s Basra province have left the country due to escalating regional tensions following US airstrikes on Iranian nuclear facilities, a senior oil official told Shafaq News on Sunday.

According to the source, a total of 4,860 foreign employees have departed oil sites in southern Iraq since the strikes—part of a wider conflict triggered by Israel’s military campaign and Washington’s direct involvement.

“Approximately 1,700 workers from British Petroleum (BP), 1,000 from France’s TotalEnergies, and 700 from the US-based Schlumberger have exited their sites,” the official said.

In addition, 560 personnel from Italy’s Eni, 500 from Kuwait Energy, and 400 from ExxonMobil have also left their posts in Basra. The source attributed the departures to security concerns stemming from the conflict between Iran and Israel, as well as the heightened risks following the US strikes on key Iranian nuclear facilities in Fordow, Natanz, and Isfahan.

While Iraq has not been directly targeted, fears are mounting that its strategic energy sector could become collateral in the broader regional fallout. The mass withdrawal of foreign technical staff raises concerns about operational continuity in one of the world's most oil-rich provinces.

The Ministry of Oil has not yet issued an official statement on the departures.  link

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

Tishwash:  European countries are pushing to retrieve gold reserves stored in the United States

US President Donald Trump's rhetoric against the Federal Reserve, coupled with escalating geopolitical tensions, has reignited debate in Europe about the need to repatriate gold reserves held in the United States, particularly by Germany and Italy.

In statements to the Financial Times, Fabio De Masi, a former member of the European Parliament for the German Left Party, said there are strong arguments for returning a larger portion of Europe's gold reserves, especially in light of what he described as "challenging times."

Germany and Italy hold the second and third largest gold reserves in the world after the United States, holding 3,352 tons and 2,452 tons of gold, respectively, according to data from the World Gold Council.

A large portion of these reserves are stored in the vaults of the Federal Reserve in New York, where their market value is estimated at approximately $245 billion, according to the Financial Times.

President Trump recently hinted at the possibility of interfering in the Federal Reserve's policies if it does not cut interest rates, raising concerns about the US central bank's independence.

Earlier, US President Donald Trump stated that he would blame the Federal Reserve for any economic weakness resulting from his trade war if the central bank did not cut interest rates soon, according to the Wall Street Journal.

According to the newspaper, Trump "may also seek to delegitimize the historically independent institution in a way that could undermine its effectiveness."   link

Mot:  . Gots sum on Order -- hope they Help!!!! 

Mot:  .. Y'all Have a ""Great Day""

Iraq Economic News and Points To Ponder Monday Evening 6-23-25

Through 26 Axes, Iraq Is Developing Plans To Develop Its Trade Policy Locally And Globally.
 
Yesterday  Baghdad - INA - Amina Al-Salami  The Ministry of Trade announced plans on Saturday to develop infrastructure by   digitizing services to  accelerate trade and   reduce costs. While indicating that  the next phase requires  political will and  economic stability  to prepare Iraq for an effective partnership in the global economy, the Ministry emphasized the need to strike a balance between  protecting the national economy and    global openness, as well as  preparing for accession to the World Trade Organization.

Ministry of Trade spokesman Mohammed Hanoun told the Iraqi News Agency (INA):
 
"The Ministry of Trade's plans to develop Iraq's trade policy include   updating the legal and legislative structure by   reviewing existing trade laws to   comply with the requirements for joining the World Trade Organization, such as the   Consumer Protection Law, the  Competition Law, and the   Anti-Dumping and Subsidy Law, and enacting new laws regulating    intellectual property,  e-commerce, and  data protection,  which are among the requirements of a modern market environment." 

He pointed out that "the Ministry has adopted a more open and diversified trade policy by  restructuring its trade policy to  ensure a balance between protecting national products and opening up to international markets,  expanding bilateral and multilateral trade partnerships, particularly with  Arab countries,  neighboring countries, and  European and Asian markets, in addition to   simplifying foreign trade procedures and  reducing non-tariff barriers to facilitate the entry and exit of goods and services." 

Hanoun pointed to
     "supporting and developing the private sector by enabling it to
     become a true partner in commercial activity by
     providing export incentives,
     supporting small and medium-sized enterprises capable of entering foreign markets, and
     qualifying local industries to compete regionally and internationally." 

He explained that  "developing the trade infrastructure by digitizing commercial services   (such as company registration, issuing certificates of origin, and commercial contracts),  developing the international exhibition system,  activating the role of the General Company for Exhibitions to support the  promotion of Iraqi products, and   improving the performance of ports and border crossings in coordination with other entities to  accelerate trade flow and   reduce costs." 

He added,"The development plans also include joining the World Trade Organization (WTO), resuming technical negotiations with the organization by  updating the Iraqi accession file (which was frozen for long periods), and submitting offers on customs tariffs and market services, in accordance with the organization's requirements,

in addition to building the capacity of technical cadres in the Ministry of Trade and related institutions  to enable Iraq to negotiate efficiently, while coordinating with other ministries to prepare the economic and administrative environment  in line with WTO standards."  

He explained that "the plans also include transparency and business governance by enhancing the principle of  transparency in commercial data through the  regular publication of reports, prices, and indicators, and  combating corruption and monopoly in the local market by  activating regulatory bodies and  implementing competition laws." 

He continued, "We seek to  achieve a balance between protecting the national economy and global openness, with a focus on preparing Iraq to join the World Trade Organization through  legislative and institutional reforms,  empowering the private sector, and  developing the trade and services environment."

 He noted that "the  next phase requires  political will,  economic stability, and  comprehensive national coordination   to qualify Iraq to be an effective partner in the global economy."    https://ina.iq/ar/economie/236928-26.html 

Iraq Suspends Official Work Next Thursday

Buratha News Agency  25-06-23   The General Secretariat of the Council of Ministers announced, today, Monday (June 23, 2025), an official holiday next Thursday on the occasion of the first of Muharram and the Islamic New Year.

The General Secretariat stated in a statement that "Thursday, June 26, 2025," is an official holiday for all government institutions, coinciding with the first of Muharram and the advent of the Islamic New Year.

She added, "The Cabinet Affairs and Committees Department of the General Secretariat has directed ministries, non-ministerial entities, and all governorates to take the necessary measures and act in accordance with this directive."   https://burathanews.com/arabic/news/461924

Gold Prices Rise As Investors Seek Safe Havens Amid Middle East Tensions

Monday, June 23, 2025 | Economic Number of reads: 133  Baghdad / NINA / Gold prices rose on Monday, as investors flocked to safe-haven assets amid growing fears of an escalation in the Middle East conflict, as markets closely monitor Iran's response to the US attacks targeting its nuclear facilities.

By dawn today, gold rose 0.1% in spot transactions to $3,371.30 per ounce. US gold futures settled at $3,387.20 per ounce. / End   https://ninanews.com/Website/News/Details?key=1236930

Basra Crude Oil Prices Stabilized In Monday's Trading.

Monday, June 23, 2025 | Economic Number of reads: 224  Baghdad / NINA / Iraqi oil prices stabilized on Monday during daily trading in the global market. According to global oil market data, Basra Medium crude oil recorded $75.11 per barrel, while Basra Heavy crude oil recorded $72.16 per barrel, with a change rate of -0.67 for both.

Global oil price data showed that British Brent crude oil recorded $78.28, while US West Texas Intermediate crude oil recorded $75.08 per barrel, with a change rate of +1.27 and +1.28, respectively. / End  https://ninanews.com/Website/News/Details?key=1236951

The Dollar Price Fell In Baghdad At The Opening Of Trading On Monday

Economy | 06/23/2025   Mawazine News – Baghdad  The US dollar exchange rate fell on Monday morning in the markets of the Iraqi capital, Baghdad. The Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded a decline in the dollar exchange rate to 143,700 Iraqi dinars for every $100, after it was 144,000 dinars yesterday, Sunday.

The selling price at exchange offices in the local markets in Baghdad reached 144,750 dinars for every $100, while the buying price reached 142,750 dinars. https://www.mawazin.net/Details.aspx?jimare=262974

Iraq Ranked First In The Arab World In Tourism To Türkiye During The Month

Money and Business  Economy News – Baghdad   The Turkish Ministry of Culture and Tourism announced on Monday that Iraq ranked first in the number of Arab tourists visiting the country during April of this year.

The ministry stated, in statistics reviewed by "Al-Eqtisad News", that Iraq topped the Arab countries in the number of tourists during the month of April 2025, as the number of tourists reached 65,587 people, followed by Saudi Arabia with 52,947 tourists, Jordan came third with 19,000 tourists, then Lebanon came fourth with 17,000 tourists, and Kuwait came fifth with 11,000 tourists.

She added that the UAE came in sixth place with 8,000 tourists, Qatar seventh with 3,000 tourists, and Yemen eighth with 2,000 tourists.   https://economy-news.net/content.php?id=56542

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

Iraq Economic News and Points To Ponder Monday Morning 6-23-25

Qi, K2 Integrity Partner To Raise Iraq’s Financial Compliance Standards
 
Business     Iraq     Iraqi News     June 23, 2025     246    Baghdad (IraqiNews.com) – Iraqi fintech Qi has partnered with US-based K2 Integrity to  upgrade its compliance systems and  align Iraq’s financial sector with global standards.
 
The agreement includes   the establishment of a compliance hub in Jordan and   an innovation center in the UAE, supporting operations across the region.

The 36-month roadmap will see K2 Integrity
     revamp Qi’s financial crime compliance framework,
     train staff, and
     implement international best practices.
 
Qi Chairman Bahaa Abdul Hadi said the move reflects a commitment to
     transparency and
     economic leadership in Iraq.
 
“This is about Iraq’s future.  We are investing to meet the highest global standards.”
 
Qi, Iraq’s largest electronic payment platform,
     serves over 10 million users and
     plays a central role in the country’s financial ecosystem.
 
K2 Integrity’s involvement is seen as a 
     vote of confidence in Iraq’s ongoing economic reforms.    
  
https://www.iraqinews.com/iraq/qi-k2-integrity-partner-to-raise-iraqs-financial-compliance-standards/

Baghdad And Ankara Discuss Exporting Iraqi Oil Through Turkish Territory.

Energy  Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein discussed with his Turkish counterpart, Hakan Fidan, the export of Iraqi oil through Turkish territory on Sunday.

The ministry said in a statement, "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein met today, Sunday, with Turkish Foreign Minister Hakan Fidan, on the sidelines of their participation in the meeting of foreign ministers of the member states of the Organization of Islamic Cooperation, held in Istanbul."

The statement added, "During the meeting, the latest regional developments were reviewed in light of the escalation resulting from the war on Iran and the targeting of nuclear facilities yesterday, Saturday."

The two sides stressed the importance of enhancing joint cooperation to limit the expansion of the conflict, and the need to support political and diplomatic initiatives aimed at containing the crisis and preventing its escalation.

In the context of bilateral relations, Fuad Hussein discussed the issue of water releases into Iraq, noting "the significant decrease in water quantities coming from Türkiye."

Minister Hakan Fidan promised to "intervene with the relevant authorities in his country to follow up on this issue in a way that guarantees the interests of both parties."

The two sides also discussed the issue of Iraqi oil exports via Turkey, with Hussein stressing "the importance of accelerating technical and administrative coordination to resume oil pumping through the Turkish port of Ceyhan, given the significant impact this issue will have on the Iraqi economy, given the threats and challenges facing the region."

He affirmed Iraq's readiness to fully cooperate in this regard, in a way that enhances common interests.

84 views  https://economy-news.net/content.php?id=56513

The Presidencies Hold A Meeting At The Baghdad Palace To Discuss Developments In The Region.

Local  The Presidency's Media Office announced on Sunday that the presidencies held a meeting at the Baghdad Palace to discuss developments in the region.

In a brief statement, the office said, "The presidencies held a meeting at the Baghdad Palace to discuss developments in the region."  77 views  https://economy-news.net/content.php?id=56521

A Significant Increase In US Imports Of Iraqi Oil

Energy  Economy News – Baghdad  The US Energy Information Administration announced on Sunday that the United States increased its oil imports from Iraq over the past week.

The administration said in a table seen by Al-Eqtisad News that "the average US crude oil imports during the past week from 10 major countries reached 4.964 million barrels per day, a decrease of 492 thousand barrels per day from the previous week, which reached 5.456 million barrels per day."

She added that "Iraq's oil exports to the United States reached an average of 213,000 barrels per day, an increase of 129,000 barrels per day compared to the previous week's average of 84,000 barrels per day."

The administration also indicated that "the largest US oil revenues during the past week came from Canada, at a rate of 3.223 million barrels per day, followed by Mexico, at a rate of 394,000 barrels per day, Saudi Arabia, at an average of 356,000 barrels per day, Brazil, at a rate of 173,000 barrels per day, and Nigeria, at a rate of 137,000 barrels per day."

According to the table, "US crude oil imports from Ecuador averaged 136,000 barrels per day, from Venezuela 132,000 barrels per day, from Colombia 110,000 barrels, and from Libya 90,000 barrels per day."  112 views  Added 06/22/2025 - https://economy-news.net/content.php?id=56492

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

Iraq Economic News and Points To Ponder Monday Morning 6-23-25

Economist Warns Of Recession Signs: Low Inflation Is A Warning Bell

Economy 20-06-2025, 12:13 | 514  Baghdad Today – Baghdad  Economic expert Munir Al-Obaidi warned on Friday (June 20, 2025) of signs of recession that could turn into a broader crisis affecting the Iraqi economy,  indicating that the decline in inflation is a warning bell for the recession phase.

Al-Obaidi said in a post on his Facebook page, which was followed by Baghdad Today:
 
"The Iraqi Statistical Authority announced a decline in the country's monthly inflation rate by 0.3% during the month of April, while the annual  general inflation rate recorded 1.6%, and  core inflation 0.6%."  

He added, "It is noteworthy that food prices continued to rise by 3.2% annually, despite declines in the prices of bread, meat, and fish.
 
This is due to sharp increases in the prices of fruits and vegetables, which rose by 13.7% and 8.4%, respectively."  He pointed out that, "In contrast, tobacco prices declined by a significant 26%, while
clothing and footwear prices saw a slight annual increase of 2%.
 
Household appliances recorded a 1% decline, while furniture and office equipment prices rose by 0.5%."  He pointed out that "in terms of geographical distribution, the annual inflation rates, by region, were  1.1% in Kurdistan,  1.4% in the central governorates, and  3.1% in the southern governorates."

Al-Obaidi explained that “the decline in prices, despite its positive impact on citizens, especially in sectors such as electrical appliances and furniture, may reflect a state of stagnation in the market,
as a result of   weak consumer confidence,  lack of liquidity, and a  decline in financing provided to the private sector, especially with the  weakness of insurance services provided by financial institutions.”  

He indicated that “although the decline in inflation may appear to be a positive indicator, it may also be an alarm bell for a phase of recession, threatening to  reduce job opportunities in the private sector and
 weaken the ability of local products to compete due to rising costs, which may lead to further pressure on the government sector in light of the high unemployment rates.”

 He continued, "What is required today is to closely monitor economic indicators and take serious steps to stimulate economic activity and support the private sector, so that signs of recession do not turn into a broader crisis that affects the entire Iraqi economy."    https://baghdadtoday.news/276915-.html

The Central Bank Participates In A Workshop On Governance And Compliance In The Field Of Money Laundering And Terrorist Financing.
 
June 22, 2025 The Central Bank of Iraq's Mosul branch participated in the "Governance and  Compliance in the Field of Money Laundering and Terrorist Financing" workshop, organized by Rashid Bank in Mosul Governorate.
 
The workshop emphasized the need to  enhance employees' and officials' understanding of the importance of  anti-corruption,  money laundering, and  terrorist financing measures, as well as to  implement local and international best practices in this area.

The workshop sought to highlight the importance of enhancing the bank's role through  financial inclusion initiatives and providing the best banking services to citizens.    
Central Bank of Iraq    Media Office    June 22, 2025   https://cbi.iq/news/view/2914 

Public Debt Challenges
 
Economic 06/23/2025  Yasser Al-Mutawali Public debt, in all its forms and varieties, whether external or domestic, is one of the most complex challenges facing countries,  especially developing countries and even those poised for growth.
 
One of the most prominent policies of   international capitalist institutions and banks is to  drown countries in foreign debt with the aim of  dominating and controlling them and  containing their economies (economic colonialism) or (economic monopoly), call it what you will, including some multilateral financial institutions,  by imposing on borrowing countries firm reforms that appear to improve the economic situation but in reality make their economies completely subservient to the wills and policies of the countries.
 
Perhaps the public (external) debt is a double-edged sword  for those who do not invest it well in   developing economic sectors and  achieving development that leads to stability.
 
If the public debt is for consumer spending purposes, then this is where the ultimate disaster occurs.
 
This policy pursued by international institutions has created a sense of international frustration,
particularly with the use of debt as a weapon against countries and the imposition of binding sanctions.
 
Therefore, you find that most countries, especially the superpowers, are at the forefront of those seeking an alternative to the dollar as a unit of measurement for  trade transactions,  debts, stocks, and  bonds.
 
I was once struck by a statement made by someone, from an economic analysis perspective, that the 
incurrence of domestic debt has no impact on the financial situation, which is truly surprising.
 
Public (domestic) debt is sometimes worse than external public debt,  especially if it is used outside budget allocations or purposes, such as  political purposes or for  liquidity purposes to cover excessive operating expenses, etc.
 
This debt often relies on foreign exchange reserves, which erode them. 
This poses a risk of accelerating financial crises.
 
Domestic public debt increases the budget deficit,  which in turn impacts  inflation rates,  rising prices, and a  lack of liquidity.
 
This highlights the eternal contradiction and overlap between monetary and fiscal policies.
 
While monetary policy seeks to reduce annual inflation growth rates and increase foreign exchange reserves, fiscal policy implements government policies that contribute to government spending,
which sometimes intersects with the goal of monetary stability.
 
This imbalance in our experience in Iraq may be due to the absence of sovereign funds that would     balance these two policies and  achieve their developmental and financial stability objectives.
 
Therefore, the monetary authority needs efficient management to     achieve financial and monetary stability and thus   economic stability on an ongoing basis.     https://alsabaah.iq/116419-.html  

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

Seeds of Wisdom RV and Economic Updates Monday Morning 6-23-25

Good Morning Dinar Recaps,

Senator Lummis’ RISE Act: A Step Toward AI Accountability or a Shield for Developers?

The RISE Act aims to define liability boundaries for AI in professional settings—but critics say it leaves too much unsaid and too many developers untouched.

A “Timely and Needed” Start—But Is It Enough?

Senator Cynthia Lummis introduced the Responsible Innovation and Safe Expertise (RISE) Act of 2025, which seeks to define civil liability protections for AI developers in professional settings like healthcare, law, and finance. While some view the bill as an essential first step, others are concerned that it places too much risk on professionals and not enough responsibility on developers.

Lummis calls it the nation’s “first targeted liability reform legislation for professional-grade AI.” But critics argue that the bill protects AI creators more than the users or the public.

“It puts the bulk of the burden of risk on ‘learned professionals’… and provides [developers] with broad immunity otherwise,” said Hamid Ekbia, professor at Syracuse University.

What the RISE Act Proposes

• AI developers would be shielded from certain civil lawsuits unless negligence or intent is proven.

• Developers would be required to publish model specifications (e.g., model cards), enabling professionals to make informed decisions.

• It does not address use cases where AI interacts directly with consumers, including vulnerable groups like minors.

The bill is narrow in scope, focusing primarily on AI used by professionals. Cases like a Florida teen’s suicide after extended chatbot interaction are not covered.

Critics Warn of a “Giveaway” to Big Tech

Platforms such as the Democratic Underground have labeled the bill a potential “giveaway” to AI companies looking to evade accountability.

However, legal experts like Felix Shipkevich argue the bill is not overly lenient but “rational,” especially considering the unpredictability of large language models:

“Without some form of protection, developers could face limitless exposure for outputs they have no practical way of controlling,” he said.

Transparency: A Missing Link?

The AI Futures Project, a nonprofit consulted during the bill’s drafting, supports the bill's intent but criticizes its weak transparency provisions. Executive Director Daniel Kokotajlo stated:

“The public deserves to know what goals, values, agendas, biases, instructions, etc., companies are attempting to give to powerful AI systems… this bill does not go far enough.”

He also warns companies can simply accept liability instead of complying with transparency rules, making key safeguards optional.

A U.S. Risk-Based Approach vs EU’s Rights-Based Model

The RISE Act follows a risk-based approach, emphasizing documentation and oversight, rather than providing explicit legal rights to users. This differs sharply from the EU’s rights-based AI framework, which empowers individuals—particularly vulnerable populations.

The EU initially proposed an AI liability directive in 2022 but withdrew it in 2025, reportedly due to industry lobbying, leaving the bloc’s liability stance in flux.

“AI can create new kinds of potential harms,” noted Ryan Abbott, professor of law and medicine at the University of Surrey. “The healthcare arena is going to be particularly challenging.”

Abbott emphasized emerging evidence that AI-only systems might outperform “human-in-the-loop” models in certain medical scenarios—raising thorny liability questions.

A Constructive Beginning, Not the Final Word

Policy experts see potential if the bill evolves. Justin Bullock of Americans for Responsible Innovation (ARI) said the act is a “constructive first step,” but warned:

“Publishing model cards without robust third-party auditing and risk assessments may give a false sense of security.”

Similarly, Shipkevich believes the RISE Act could serve as a foundation for balanced AI oversight, but only if modified to include stronger transparency and risk-management requirements.

What’s Next?

If enacted, the RISE Act would take effect on December 1, 2025. In the meantime, public debate continues over whether the bill prioritizes innovation over accountability, or if it's simply the first draft of a more comprehensive AI regulatory framework.

@ Newshounds News™
Source: Cointelegraph

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Coinbase Secures MiCA License via Luxembourg to Cement European Expansion

The U.S.-based crypto giant gains regulatory clarity across all 27 EU member states under the MiCA framework.

Coinbase has officially secured a MiCA license in Luxembourg, marking a major step in its European growth strategy. The license, granted by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), allows the exchange to offer its full suite of crypto services across all 27 European Union member states.

The approval effectively designates Luxembourg as Coinbase’s regulatory hub for Europe under the Markets in Crypto-Assets (MiCA) regime.

"Now, with MiCA, we're uniting these efforts under a single framework, enabling millions of Europeans to access regulated, trusted, and secure crypto services," Coinbase said in a Friday statement.

MiCA: A Game-Changer for EU Crypto Regulation

MiCA, which came into full effect at the end of 2024, provides the EU’s first comprehensive regulatory framework for crypto assets, covering everything from stablecoins and exchanges to custody and consumer protection.

Coinbase had already secured regulatory licenses in Germany, France, Ireland, Italy, the Netherlands, and Spain—but the MiCA license consolidates these approvals under one EU-wide structure, simplifying operations and compliance.

Coinbase Isn’t Alone in the Race

Other major crypto firms are also making moves in the region under the MiCA regime:

• Gemini, the exchange founded by Cameron and Tyler Winklevoss, is in the final stages of securing a MiCA license in Malta. The company submitted its application in January 2025.

• OKX, another global exchange, has similarly chosen Malta as its MiCA operational base.

A New Chapter for Crypto in Europe

With regulatory certainty now in place across the EU, Coinbase and its competitors are positioning themselves for a new wave of crypto adoption in Europe, where MiCA is expected to serve as a model for global crypto regulation.

@ Newshounds News™
Source: The Block   

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BRICS Bank Issues $2.1 Billion in Local Currency Loans as De-Dollarization Push Accelerates

The New Development Bank boosts non-dollar financing, with 22% of disbursements now in national currencies.

The New Development Bank (NDB)—commonly known as the BRICS Bank—has disbursed $2.1 billion worth of loans in local currencies, part of a broader effort to reduce reliance on the U.S. dollar. The move reflects the bloc’s response to ongoing Western sanctions, particularly those levied against Russia since 2022.

According to newly released figures, the BRICS Bank lent a total of nearly $10 billion, with 22% of that amount issued in currencies such as the Chinese yuan and South African rand.

The NDB plans to increase local currency lending to 30% by the end of 2026, aiming to surpass $3 billion in de-dollarized loans.

De-Dollarization in Action: China, South Africa, and India Take Lead

• The Chinese yuan accounted for $1.8 billion of the local currency loans.

• The South African rand was used for loans totaling $284 million.

• The Indian rupee is next in line, with preparations underway for rupee-based loan disbursements starting in 2026.

This marks a significant evolution in the BRICS financial strategy, as more countries in Africa and Southeast Asia increasingly accept national currencies to avoid costly foreign exchange conversions.

U.S. Sanctions Spur Shift Toward Financial Sovereignty

The NDB’s pivot was accelerated after U.S. sanctions on Russia in 2022, imposed in response to the war in Ukraine. The sanctions remain in place through 2025, even under the Trump administration, reinforcing the alliance's motivation to find alternative financial mechanisms.

“The BRICS bank is not just lending money—it’s building a foundation for sovereign economic cooperation, independent of Western financial pressure,” analysts say.

NDB’s Growing Influence

With Russia actively collaborating with the NDB on managing finances through local currencies, the bank is becoming a critical vehicle for BRICS’ broader economic strategy. Its policies signal growing monetary coordination among member nations and challenge the U.S. dollar’s long-standing dominance in global trade and finance.

@ Newshounds News™
Source: Watcher Guru

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