Seeds of Wisdom RV and Economic Updates Sunday Afternoon 6-29-25

Good Afternoon Dinar Recaps,

USA No Longer Default Market: BRICS Attracts Global Capital
By Watcher Guru | June 2025

Global capital is shifting. The U.S. is losing its traditional grip as the world’s default investment hub, with institutional funds now flowing steadily toward BRICS nations. As the U.S. Dollar Index (DXY) dropped to the 96 range early Thursday, a report from Bank of America revealed that exposure to dollar-based assets is at its lowest level since 2005.

BRICS Rising: Global Investors Shift Capital South

▪️ Countries like China, India, Brazil, and South Africa are now attracting capital once destined for the U.S.
▪️ The U.S. dollar's weakening position is making assets in the global south more appealing, especially in the face of recent Trump-imposed tariffs.
▪️ Investors are eyeing early-stage growth in BRICS nations, seeking better returns than U.S. Treasuries or bonds.

The global investment spotlight has moved to the BRICS bloc, where developing markets are benefiting from macro shifts—especially amid growing skepticism toward U.S. monetary dominance.

USA Still Leads, But BRICS Is Catching Up

▪️ The U.S. remains the strongest financial player, but institutional clients are now diversifying away from dollar dominance.
▪️ In 2025, for the first time in two decades, major global investors “went all-in” on non-U.S. assets.

This trend marks a major inflection point in financial history—particularly as China and India move to internationalize the yuan and rupee, respectively.

China alone has drawn $17 billion in foreign inflows, capitalizing on the dollar’s weakening global influence.

The De-Dollarization Era Has Momentum

The de-dollarization movement continues to accelerate as BRICS expands both its economic influence and financial ecosystems.

▪️ BRICS+ aims to solidify a multipolar financial world, weakening the U.S. dollar’s role as the sole reserve currency.
▪️ Dozens of countries, including allies and neutral states, are now watching BRICS as a credible financial alternative.

Unless addressed, this trend could reshape the world’s financial order over the next two decades, and further dilute U.S. influence in global markets.

“The White House needs to act swiftly to maintain leadership on the global financial curve,” the article concludes.

@ Newshounds News™
Source:  Watcher Guru

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Global Currency Status IQD EUR GBP JPY CHF BRICS

Global Currency Status IQD EUR GBP JPY CHF BRICS

Edu Matrix:  6-29-2025

Global Currency Status IQD EUR GBP JPY CHF BRICS In this week’s global currency update (June 27, 2025), we break down which currencies are gaining ground and why.

 From the euro and British pound hitting multi-year highs, to the safe-haven surge of the Swiss franc and Japanese yen, the global currency shift is in full motion.

We also explore the latest on BRICS currency plans—how these nations are accelerating their push to de-dollarize—and what that could mean for the global economy.

Plus, get an important update on Iraq’s dinar and its steady progress toward currency stability and reform. Which currencies are expected to rise next?

Watch now to find out which foreign currencies are forecasted to climb against the U.S. dollar in the coming weeks and months.

Don’t miss this essential insight for investors, currency watchers, and global economy enthusiasts. Subscribe for more weekly financial updates and smart money moves!

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 6-29-25

Good Morning Dinar Recaps,

Senate Passes Trump’s “Big, Beautiful Bill” With 51–49 Vote
By Coinpedia | June 2025

In a dramatic late-night session, the U.S. Senate narrowly approved President Donald Trump’s signature tax and spending legislation—dubbed the “Big, Beautiful Bill”—by a razor-thin 51–49 margin. The bill marks a cornerstone of Trump’s second-term agenda, with sweeping implications for tax policy, defense, energy, healthcare, and even cryptocurrency regulation.

Two GOP Senators Break Ranks

The bill passed with only two Republican senators—Thom Tillis and Rand Paul—voting against it, citing concerns over spending levels and government overreach.

Vice President JD Vance was on standby to cast a tie-breaking vote, though his intervention wasn’t needed. The tight margin highlights growing intra-party divides, even as Trump’s influence over the GOP remains strong.

On Truth Social, Trump criticized Senator Tillis and vowed to back a primary challenger in 2026, signaling an ongoing campaign to reshape the Republican Party around his core policy objectives.

What’s in Trump’s “Big, Beautiful Bill”?

The wide-reaching legislation includes several hallmark provisions:

• ✅ Permanent extension of the 2017 tax cuts

• ✅ Elimination of taxes on tips and overtime pay

• ✅ $150 billion in new defense and border security funding

• ✅ $5 trillion increase to the federal debt ceiling

• ✅ Cuts to Medicaid and SNAP, with a new $25 billion rural Medicaid fund (2028–2032)

• ✅ Repeal of green energy tax credits

• ✅ Phase-out of SALT (State and Local Tax) deductions

• ✅ Sale of 1.2 million acres of federal land

The mix of tax relief, spending boosts, and entitlement cuts has generated both praise from fiscal conservatives and criticism from progressive lawmakers.

Crypto Regulation Tied to Legislative Package

One of the bill’s more consequential side developments could soon affect U.S. crypto markets.

A proposed merger of the GENIUS Act and the CLARITY Act—two major crypto bills currently in progress—has gained new traction in the House of Representatives. These bills aim to establish a stablecoin framework (GENIUS Act) and market structure clarity for digital assets (CLARITY Act).

“This could be the most important moment for U.S. crypto policy since the SEC’s early actions,” said one policy analyst tracking the legislation.

House leadership is reportedly considering packaging the crypto bills together to ensure passage before the August recess, possibly delivering a major win for President Trump’s pro-crypto agenda.

Looking Ahead

With the Senate now on board, the bill heads to the House of Representatives, where Republicans hold a majority. If passed, it could lead to one of the most significant fiscal overhauls in recent U.S. history—and potentially reshape the global view of America’s crypto leadership.

@ Newshounds News™
Source:  Coinpedia

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Ripple Co-Founder Chris Larsen Claims XRP Is a ‘Better Bitcoin’
By Crypto News Flash | June 2025

Ripple’s co-founder Chris Larsen has reignited the long-standing debate in the crypto community by claiming that XRP was designed to outclass Bitcoin in core metrics such as speed, efficiency, and energy usage.

Speaking on the “When Shift Happens” podcast, Larsen praised Bitcoin’s foundational role while insisting that XRP was engineered to be a next-generation improvement over it.

XRP: Built to Surpass Bitcoin

▪️ XRP was developed with the specific intent of improving upon Bitcoin’s transaction speed, cost-effectiveness, and environmental footprint.

▪️ Larsen noted that XRP’s architecture came from a team of “really, really smart people” and was intended to be more efficient without losing the decentralization ethos of blockchain technology.

“We wanted to build a system that addressed Bitcoin’s limitations—faster settlement, lower energy, and long-term scalability,” Larsen explained.

He admitted that XRP still has limitations, but stressed that its core value has remained intact through consistent development and community support.

Criticism of Stellar and Ethereum

Larsen took aim at Stellar Lumens, co-founded by former Ripple executive Jed McCaleb, accusing the project of lacking direction and predictability.

▪️ He referenced McCaleb’s 50% token burn and a history of “constant changes, airdrops, and impulsive pivots” as a red flag for institutional trust.

▪️ “Successful currencies are built on stability, not sudden directional shifts,” Larsen remarked.

On Ethereum, Larsen questioned the long-term dedication of its community, implying it lacks the consistent loyalty seen among XRP and Bitcoin holders.

Will Ripple Go Public? ‘Not Yet,’ Says Larsen

While many in the industry speculate about Ripple's IPO potential, Larsen pushed back on the idea—citing the bureaucratic red tape and short-term market manipulation by misinformed retail sellers.

▪️ Ripple President Monica Long also echoed this sentiment recently, saying the company doesn’t need external capital and is focused on strategic acquisitions instead.

▪️ Ripple’s latest purchase of prime brokerage firm Hidden Road for $1.25 billion further confirms that strategy.

Analysts: XRP Price Could Surge

The comparison between XRP and Bitcoin is being mirrored by top analysts:

• Charles Shrem predicts Bitcoin’s dominance is being actively challenged.

• Edoardo Farina, founder of Alpha Lions Academy, believes XRP’s growth trajectory is more realistic than Bitcoin’s.

• Dustin Layton estimates a 23x return is possible, projecting XRP could hit $52 by year-end.

• Zach Rector places a nearer-term target at $15.

“You’d have to be insane to think Bitcoin at $106K is a better investment than XRP,” Farina claimed.

As the SEC case nears closure and Ripple refocuses on global expansion, the firm appears poised to position XRP not only as a better Bitcoin in function—but perhaps soon, in adoption and valuation.

@ Newshounds News™
Source:  CryptoNewsFlash

~~~~~~~~~

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“Tidbits From TNT” Sunday Morning 6-29-2025

TNT:

Tishwash:  Stay tuned... an expanded meeting will be held tomorrow in Baghdad to discuss the re-export of the region's oil.

Iraqi parliament member Sherwan Dubardani confirmed on Saturday that a delegation from the Kurdistan Region, headed by the Minister of Natural Resources, had arrived in Baghdad. He explained that the capital would host an expanded meeting tomorrow between the Kurdistan delegation and the federal government to discuss the re-export of the region's oil.

"The Kurdish delegation is currently holding a meeting, and an expanded meeting between Erbil and Baghdad is expected to be held tonight or tomorrow, Sunday, to discuss the region's oil file," Dubardani said in a statement monitored by Al-Masry.

Kurdish media outlets quoted political sources regarding the upcoming meeting, stating that it will include Deputy Prime Minister Fuad Hussein, the Iraqi Oil Minister, a representative from the Iraqi State Oil Marketing Organization (SOMO), the Kurdistan Regional Government's Minister of Natural Resources, and a delegation from the region heading to Baghdad.

She pointed out that "a joint statement on the outcomes of the meeting is expected to be issued after its conclusion."  link

Tishwash:  Sharp fluctuations in the value of the Iranian currency amid regional tensions between Tehran and Tel Aviv.

Iranian markets have witnessed sharp fluctuations in the Iranian toman's exchange rate over the past few days, directly influenced by the escalating geopolitical tensions between Iran and Israel. The US dollar's exchange rate against the toman reached 9 million tomans at the height of talk of a possible direct war, after it had been expected to reach 10 million.

But with signs of calm and de-escalation between the two sides, the value of the toman has risen again, amidst a state of uncertainty that has gripped the market.

Decrease in trading volume and warnings against risk

"We sold the dollar for 7.6 million dinars, but we didn't buy back because of the price fluctuations," Kawa Yahya, an exchange office owner, told a Kurdistan 24 reporter. "The price had risen to 9 million tomans this morning due to the escalation, but later dropped to 7 million, which represents a difference of nearly 2 million in a very short period."

Money changers confirmed that toman banknotes are becoming less available in the market, and that daily trading volume has fallen to approximately 60% compared to previous levels.

Conditional optimism and expectations of more volatility

For his part, Shawan Muhammad, an exchange office owner, said, "After the calm, the toman began to regain some of its value, but its fate remains uncertain. There is talk of an impending agreement between the United States and Iran, and if it actually materializes, the toman will regain its strength. So far, Tehran has not conceded its interests, so we expect the market to remain volatile."

Observers believe that any new security or political unrest among the countries of the region would immediately impact the toman's exchange rate and trading volume in the Iranian market.

Despite the lack of stability, approximately 10 billion tomans are still traded daily, a source of concern for traders who face significant financial risks amid the lack of clear guarantees regarding the future of the Iranian currency.   link

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

Tishwash:  An economist warns of the continued dominance of the dollar in Iraqi-Chinese trade.

Data from the Chinese Customs Authority showed a significant increase in the value of Chinese exports to Iraq during the first five months of 2025, increasing by 9.5% compared to the same period in 2024. The value of these exports reached $7.4 billion, compared to $6.77 billion during the same period last year, according to a report by economic expert Manar Al-Obaidi.

Al-Abidi explained that this growth is driven by increased exports from a number of sectors, most notably:

Electrical and mechanical appliances : accounted for 24% of total exports and achieved a growth rate of 11.46%.

Electronics : represented 15% of exports and increased by 29.3%.

Clothing : accounted for 7.6% of total exports and increased by 21%.

Cars and spare parts : Its share reached 7.2% and recorded the highest growth rate of 35%.

In contrast, Iraqi exports to China declined by 5.77% during the same period, reaching $15.2 billion compared to $16.14 billion in 2024, and are almost entirely limited to petroleum products.

Despite the decline, the trade balance between the two countries remains in Iraq's favor, with a trade surplus of $7.7 billion during the first five months of 2025, down from $9.37 billion during the same period the previous year.

Al-Obaidi pointed out that "this surplus remains fragile, as it is almost entirely tied to Iraq's oil exports to China in terms of quantity and price. Any decline in the value or volume of these exports could lead to a shrinkage of the surplus or its transformation into a deficit, which necessitates diversifying Iraq's export base by boosting exports of raw materials and local goods."

Although annual trade between Iraq and China exceeds $54 billion, financial transactions between the two sides continue to be conducted in the US dollar, whether for oil sales or imports.

Al-Obaidi called for "the establishment of a direct financial and trade exchange platform between Iraq and China, similar to what other countries have done, such as the recent agreement between China and Turkey to adopt local currencies in trade exchanges."

He promised that "reducing dependence on the dollar represents a strategic step towards enhancing financial independence and increasing the effectiveness of bilateral trade."

It should be noted that this data represents direct Chinese exports to Iraq and does not include goods exported to other countries, particularly the UAE, and then re-exported to the Iraqi market.  link

Mot: . First Teenage Rebellion

Mot:  .. as mom sees it 

Hundreds of Indicators Pointing to a Global Recession

Hundreds of Indicators Pointing to a Global Recession

Commodity Culture:  6-28-2025

Renowned financial analyst Henrik Zeberg recently joined Jesse Day on Commodity Culture to deliver a stark warning about the global economic outlook.

 In a compelling discussion, Zeberg asserts that a global recession is not just a possibility, but an unavoidable certainty, culminating in a deflationary bust that most market participants will fail to anticipate.

Central to Zeberg’s thesis is the prediction of an imminent “blow-off top” in the broad market. This euphoric, final surge, he argues, will precede a dramatic and unexpected deflationary downturn. Zeberg meticulously outlined the specific indicators he is closely monitoring that underpin this contrarian view, suggesting that the current economic trajectory is far more precarious than widely acknowledged.

The “deflationary bust” is highlighted as a particularly insidious threat, precisely because its arrival is expected to blindside the majority of investors and policymakers.

Beyond the broader market, Zeberg also provided his detailed outlook on the future of gold and gold mining stocks, offering insights into their potential performance in a rapidly shifting economic landscape. The discussion further delved into the potential ripple effects of former President Trump’s tariff policies, analyzing how they might impact global trade and economic stability.

Perhaps one of the most memorable moments of the conversation was Zeberg’s candid assessment of the US dollar’s standing in the current global financial landscape, famously asking whether it remains “the prettiest mare at the glue factory of fiat currencies.”

This provocative statement encapsulates his skepticism about the long-term strength of the world’s reserve currency amidst unprecedented monetary policies.

Zeberg’s comprehensive analysis offers a compelling, albeit unsettling, counter-narrative to much of the prevailing market optimism. For investors and individuals keen to understand the full scope of Zeberg’s predictions, including the specific indicators and his nuanced arguments, the full video discussion on Commodity Culture provides invaluable insights.

 It’s a critical watch for anyone looking to navigate the challenging economic waters ahead with a more informed perspective.

https://youtu.be/V7M3WR4hdsg

Iraq Economic News and Points To Ponder Saturday Afternoon 6-28-25

Al-Sudani: The Government's Approach Is Based On Continuing The Path Of Building Iraq.

Local  Prime Minister Mohammed Shia al-Sudani affirmed on Saturday that the government's approach is based on completing the path of reform and continuing the path of building Iraq, in loyalty to the pure blood of the martyrs.

The Prime Minister's media office said in a statement that "Prime Minister Mohammed Shia al-Sudani received members of the Loyalty to the Martyrs Association, which represents the families of Iraqi martyrs from several governorates."

According to the statement, al-Sudani stated that "the value of sacrifice and martyrdom in our society and history laid the foundation for all the changes that occurred later, which extended to the confrontation with terrorism, just as it laid the foundation for the stability, social peace and economic development that we enjoy today."

The Prime Minister pointed out that "dealing with the families of martyrs must be based on the values ​​​​they represent to society in terms of determination and dignity, and not out of sympathy," stressing that "the government's approach is based on completing the path of reform and continuing the path of building Iraq, in loyalty to the pure blood of the martyrs that were shed before and after 2003, which aimed for a better future."

Al-Sudani stressed that "the government is working to strengthen social cohesion in light of the developments taking place in the region, while preserving the legacy of the martyrs and striving to build a powerful Iraq that is inclusive of all communities." https://economy-news.net/content.php?id=56735

Iraq's Imports Amounted To $21 Billion In The First Quarter Of 2025.

Money and Business  Economy News – Baghdad  The Central Bank of Iraq announced on Saturday that Iraq's imports for the first quarter of 2025 amounted to more than $21 billion.

The bank stated in its statistics that "Iraq's imports amounted to $21 billion and 363 million," indicating that "imports included both the government and private sectors."

He added, "Government sector imports amounted to $1.377 billion, while private sector imports amounted to $19.985 billion."

The bank indicated that "government imports included consumer imports, capital imports, petroleum product imports, other government imports, and currency printing," while "private sector imports included consumer imports and capital imports."  https://economy-news.net/content.php?id=56727

Babylon receives the file for becoming Iraq's industrial capital.

Saturday, June 28, 2025 Economic Number of readings: 92   Hillah/ NINA / Babylon Governor Adnan Fayhan Al-Dulaimi announced today, Saturday, the receipt of the Babylon file as the industrial capital of Iraq, to ​​begin working with the federal government and create the necessary legislation and laws to officially declare Babylon the industrial capital of Iraq.

Fayhan said, “We meet today at a pivotal moment in Babylon’s history, to proudly announce the “Babylon, the Industrial Capital of Iraq” file, noting that this major national project restores Babylon’s leadership position not only in history and civilization, but also in the economy, production and industry.

He pointed out that Babylon, with its strategic location, distinguished human resources, and advanced infrastructure, is capable of being an integrated national industrial center and a strong competitor in various fields such as manufacturing industries, construction materials, food industries, energy, and others.

He explained that since taking over the management of the province, we have worked to develop and support industrial projects due to their importance in increasing national production and providing job opportunities for young people, stressing that this file would not have seen the light of day without the true cooperation between the public and private sectors, in addition to the deep belief that Iraq's renaissance begins with its provinces, and that sustainable development can only be achieved through an integrated vision and seriousness in implementation.

Al-Dulaimi pointed out that the local government in Babylon is proceeding with all determination to prepare the investment environment and provide facilities for industrialists and investors, in order to transform this announcement into realistic projects that create job opportunities and revive the national economy. /End   https://ninanews.com/Website/News/Details?key=1237926

The Dollar Recorded A New Decline As The Stock Exchange Closed In Baghdad.

Stock Exchange  The dollar price fell in Baghdad markets on Saturday afternoon, as the stock exchange closed at the beginning of the week.

The dollar exchange rate fell at the close of trading on the Al-Kifah and Al-Harithiya stock exchanges, recording 141,100 dinars per $100. This morning, it reached 141,300 dinars per $100.

Selling prices at exchange offices in Baghdad's local markets declined, with the selling price reaching 142,000 dinars for $100, while the buying price reached 140,000 dinars for $100. https://economy-news.net/content.php?id=56731

Iraqi Oil Prices In Global Markets

Economy | 09:26 - 06/28/2025  Mawazine News - Baghdad -  Iraqi oil prices recorded a slight increase during daily trading on the global market on Saturday.

Basra Medium crude oil recorded $68.53 per barrel, while heavy crude oil recorded $65.53 per barrel, with a change of +1.11 for both.

The data also showed global oil prices, with British Brent crude recording $67.77 per barrel, while US West Texas Intermediate crude oil recorded $65.52 per barrel, with a change of +0.4 and +0.28, respectively.   https://www.mawazin.net/Details.aspx?jimare=263177

Iraq, In Cooperation With The World Bank, Is Taking Steps To Address The Problem Of Air Pollution.

Local |  06/28/2025  Mawazine News - Follow-up:  The Ministry of Environment announced, on Saturday, funding projects worth more than $58 million to combat pollution and confront climate change in Iraq. It also indicated that there is a proposed project with the World Bank to address the problem of air pollution in Baghdad, and indicated the existence of international cooperation to strengthen central laboratories and water and air monitoring programs.

Ministry of Environment spokesman Louay Al-Mukhtar said in a press statement that "the government has approved funding for the Integrated Management of Persistent Organic Pollutants and Contaminated Sites project at a value of $18.5 million for the years 2025-2031, in addition to the $40 million project to enhance resilience to climate change, which focuses on agricultural development and strengthening agricultural patterns in three governorates."

He added, "The Council of Ministers also approved a set of strategies in various fields, most notably the National Pollution Reduction Strategy, the National Adaptation Plan, and the National Mitigation Plan."
He pointed out that "the ministry has other important projects with United Nations organizations regarding strengthening national reserves and combating desertification, as well as initiatives to support afforestation inside and outside cities."

He continued, "The ministry's cooperation with UN organizations also includes implementing projects to strengthen and develop central laboratories, develop a water resources monitoring program, and strengthen air quality monitoring systems." He indicated that "there is a proposed project with the World Bank to address the problem of air pollution in Baghdad." https://www.mawazin.net/Details.aspx?jimare=263185

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 6-28-25

Good Afternoon Dinar Recaps,

Serbia Confirms Strong Interest in Joining BRICS at 2025 Summit
By Watcher.Guru | June 2025

As the 17th BRICS Summit approaches, Serbia has officially reaffirmed its intention to join the expanding BRICS alliance. The summit will take place on July 6–7 in Rio de Janeiro, Brazil, and could mark a pivotal moment for the bloc’s next wave of expansion.

Serbian Prime Minister: “It Is of Strategic Interest”

Serbian Prime Minister Duro Macut made the country’s position clear, stating that:

“We consistently advocate the need to deepen cooperation with our traditional partners and friends. The BRICS countries are the most important players on the world stage, and the development of strong, mutually beneficial relations with them is of a strategic interest to us.”

Serbia formally submitted its application to join BRICS in 2023, when the alliance last opened its doors for expansion.

BRICS Expansion: Who’s In—and Who’s Waiting

In 2024, BRICS added 13 new “Partner Countries”, including:

Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam.

While Serbia was not included in that group, it remains among the 23 countries that have formally applied to join the bloc. An additional 22 countries have expressed informal interest, reflecting the growing global momentum around BRICS.

Balancing BRICS and the EU

In a noteworthy diplomatic move, PM Macut also reiterated Serbia’s parallel ambition to join the European Union:

“Serbia continues its path towards membership in the European Union,” he stated in a recent interview with foreign media.

Serbia continues to navigate complex post-Yugoslav geopolitics, including past sanctions, while seeking stronger ties with both Eastern and Western alliances.

Decision Expected in July—But Not Guaranteed

Whether Serbia will be invited to join BRICS will likely be decided during the July summit in Brazil. The BRICS expansion process is consensus-driven, meaning all existing member states must agree to admit new countries.

A key question remains: What value can Serbia bring to BRICS that strengthens the bloc's collective influence?

As the BRICS alliance seeks to redefine the global geopolitical landscape—especially amid rising tensions with Western institutions—Serbia's bid could serve as a strategic pivot between Europe and the multipolar order BRICS envisions.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Iraq Economic News and Points To Ponder Saturday Morning 6-28-25

The World Bank Finances The Iraqi Railway Project With $930 Million

Local | 12:34 - 06/27/2025  Mawazine News - Baghdad -  The Ministry of Transport announced on Friday that it had obtained World Bank approval to finance a $930 million loan to rehabilitate the existing railway line, while pointing to a plan to connect Iraq's railways to the ports of Faw and Umm Qasr, all the way to Turkey.

The Ministry of Transport's media director, Maitham Al-Safi, said, "The maritime railway connection plan that the ministry is working on under the supervision of Transport Minister Razzaq Muhaibis Al-Saadawi, includes linking the existing railways to the Grand Faw and Umm Qasr ports, heading towards the northern regions and reaching Turkey.

" He explained that "the plan represents an integrated government vision for operating the first phase of the Grand Faw Port project, which includes five berths, and completion rates have reached very advanced stages." He pointed out that "this approach contributes to achieving multimodal transport goals, paves the way for connecting Iraq to the European continent and strengthening its role as a regional logistics hub."

He added that “the Development Road Project – Phase One is not limited to linking southern Iraq to its north, but rather serves as the foundation for the Strategic Development Road project, the detailed designs of which have reached advanced stages.” He noted that “the project will provide multiple future connections with Europe, whether via the current road or across its three strategic phases.”

He pointed out that “the strategic dimension of this plan is to transform Iraq into a hub for regional and international transport and trade,” noting that “the negotiations of the assigned government committee, headed by the Minister of Planning and including a team from the Ministry of Transport, with the World Bank resulted in the bank’s approval to finance Iraq with a $930 million loan, allocated to rehabilitating the current railway line and upgrading the technical and administrative capabilities of the General Railways Company.”

He pointed out that “the loan will cover the modernization of the locomotive fleet, the renewal of maintenance workshops, and the development of infrastructure, in addition to providing technical support to enhance the efficiency of institutional performance and modernize railway transport systems within the framework of a comprehensive reform vision.”

He continued, “This project represents a qualitative leap in the transport sector and enhances integration between maritime and railway transport, putting Iraq on the right path to achieving sustainable development and expanding its strategic role in international trade.” https://www.mawazin.net/Details.aspx?jimare=263145

Planning Reveals The Contents Of The Third Poverty Reduction Strategy

Economy |  06/27/2025   Mawazine News - Baghdad -  The Ministry of Planning revealed, on Friday, the contents of the third anti-poverty strategy for the years 2026-2030.

Ministry spokesman Abdul Zahra Al-Hindawi said: "The Higher Technical Committee, headed by Deputy Prime Minister and Minister of Planning Mohammed Tamim, approved the third anti-poverty strategy for the years 2026-2030, during its meeting held at the end of last week." He pointed out that "the approved strategy will be submitted to the Council of Ministers for approval in its final and official form, to enter into force from early 2026 until the end of 2030."

He added that "the strategy includes seven main axes, from which more than 38 activities spread across various sectors emerge. These axes focus on supporting the poor and vulnerable groups in the following areas: health, housing, education, income and food, in addition to the care of the elderly and people with disabilities, children and women's empowerment, and dealing with the effects of climate change and confronting emergencies such as epidemics and others."

He pointed out that "the Ministry of Planning has developed general policies, plans, and procedures, while the implementation of activities will be undertaken by relevant sectoral bodies, such as the Ministries of Construction and Housing, Education, Higher Education, Labor and Social Affairs, as well as local governments and the private sector, which is a partner in the Supreme Technical Committee, as well as the Ministry of Health, the General Secretariat of the Council of Ministers, and the Kurdistan Region."

He explained that "the strategy aims to reduce the poverty rate in Iraq by 50% over the next five years, from the current 17.5% to between 8-9%, and if it succeeds in achieving this, it will be considered a major achievement."   https://www.mawazin.net/Details.aspx?jimare=263149

Oil Heads For Weekly Losses As Middle East Supply Risks Fade

Economy | 06/27/2025  Mawazine News - Follow-up:   Oil is set to decline this week as the ceasefire between Iran and Israel holds and concerns about supply disruptions in the Middle East recede.

Brent crude futures rose 34 cents, or 0.5%, to $68.07 a barrel, while US West Texas Intermediate crude rose 33 cents, or 0.51%, to $65.57 a barrel.   Both benchmarks are on track to decline about 12% for the week.   https://www.mawazin.net/Details.aspx?jimare=263137

Gold Heads For Second Weekly Loss.. What About Other Metals?

Stock Exchange   Gold prices fell on Friday, heading for a second weekly loss, as safe-haven demand was impacted by the ceasefire between Israel and Iran and progress on the US-China trade deal, while investors awaited US inflation data.

Spot gold fell 1.2% to $3,288.55 per ounce by 06:43 GMT. The yellow metal's price has fallen 2.3% so far this week.   US gold futures fell 1.4% to $3,300.40, according to Reuters.

"The market seems very bullish on risk assets, so that is impacting gold prices," said Soni Kumari, a commodities economist at ANZ.

Kumari added that the de-escalation in the Middle East following the ceasefire and progress in US-China trade talks reduces market uncertainty, leading to further price declines.

Iranians and Israelis welcomed the return of normal life after 12 days of the most violent confrontation ever between the two sides, which ended with a ceasefire that took effect on Tuesday.

A White House official said Thursday that the United States has reached an agreement with China on how to expedite shipments of rare earth minerals to the United States amid efforts to end the trade war between the world's two largest economies.

Investors are awaiting US core personal consumption expenditures data, due at 12:30 GMT, for further clarity on the Federal Reserve's monetary policy outlook. Analysts polled by Reuters expect a 0.1% monthly increase and a 2.6% annual increase.

Markets currently expect interest rates to be cut by 63 basis points this year, starting in September.

US President Donald Trump says slowing inflation means the Federal Reserve should cut interest rates, but only two US central bank policymakers have so far indicated they are considering a rate cut at the central bank's July meeting.

Among other precious metals, spot silver fell 0.5% to $36.44 per ounce, platinum fell 2.8% to $1,378.18 after hitting its highest level in nearly 11 years, and palladium rose 0.3% to $1,135.36, its highest level since October 2024.   https://economy-news.net/content.php?id=56697

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 6-28-25

Good Morning Dinar Recaps,

Crypto Momentum Builds: US House Passes Landmark Bill to Boost Blockchain Adoption
By Bitcoinist | June 2025

In a bipartisan push to strengthen U.S. competitiveness and innovation, the U.S. House of Representatives has passed new legislation aimed at accelerating the adoption of blockchain and distributed ledger technologies (DLT) across public and private sectors.

Blockchain Promotion Bill Clears the House

On Thursday, policy platform Bitcoin Laws reported that the House approved HR 1664 — the Deploying American Blockchains Act of 2025. This bill directs the U.S. Secretary of Commerce to lead national efforts in advancing blockchain use cases and ensuring U.S. leadership in this strategic technology.

Originally introduced in February by Rep. Kat Cammack (R-FL) and co-sponsored by Rep. Darren Soto (D-FL), HR 1664 outlines the creation of a Blockchain Deployment Program. The program is tasked with:

• Developing best practices for blockchain integration

• Advising the President on blockchain deployment and competitiveness

• Promoting national security and economic interests through secure DLT use

• Coordinating across federal agencies to provide unified support for blockchain adoption

“This is a forward-thinking bill that places blockchain on the national agenda as a tool for innovation, transparency, and strategic advantage,” said Rep. Cammack during committee discussions.

Advisory Committees and National Oversight

If enacted, the legislation mandates the formation of advisory committees within 180 days to assist in blockchain adoption strategy. These bodies will help shape regulatory, technical, and economic guidance for implementation across industries.

Senate Takes Up Crypto Legislation

The bill now moves to the Senate for consideration, continuing what many see as a wave of legislative momentum around digital assets. HR 1664 follows on the heels of two major crypto-related efforts:

• The GENIUS Act, a bill focused on stablecoin regulation, which recently cleared the Senate

• The CLARITY Act, the House’s crypto market structure bill, which advanced through committee markups

Although discussions continue about merging GENIUS and CLARITY, some lawmakers prefer to keep them separate for strategic passage.

White House Crypto & AI Czar David Sacks summarized the expected timeline:
“July will be a big month — with a bill signing for GENIUS and CLARITY going to the Senate!”

A New Legislative Roadmap for Crypto in America

According to Senate Banking Committee Chair Tim Scott, lawmakers are now targeting a markup in early September and final passage by September 30, staying ahead of the August recess.

With President Donald Trump voicing support for both GENIUS and CLARITY, the stage is set for a landmark summer in U.S. crypto policy.

“President Trump supports CLARITY on market structure as well as GENIUS on stablecoins,” said Sacks, reinforcing the administration’s commitment to crypto innovation.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

Ripple Ends Legal Fight With SEC: “We’re Closing This Chapter Once and for All,” Says CEO
By The Block | June 2025

In a significant development for the crypto industry, Ripple Labs is officially ending its years-long legal battle with the U.S. Securities and Exchange Commission (SEC). The decision, announced Friday by CEO Brad Garlinghouse, marks a definitive conclusion to one of the longest and most closely watched regulatory disputes in crypto.

Ripple Drops Cross-Appeal in SEC Lawsuit

Taking to X (formerly Twitter), Garlinghouse stated:

“We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.”

Garlinghouse confirmed that Ripple is dropping its cross-appeal, which would have challenged separate elements of the court’s decision. A cross-appeal allows a party to contest different parts of a ruling not addressed in the original appeal.

Background: Ripple’s $1.3 Billion SEC Battle

The case began in 2020, when the SEC accused Ripple of conducting an unregistered securities offering by selling $1.3 billion worth of XRP. The commission claimed that XRP was a security under U.S. law.

In a landmark 2023 ruling, Judge Analisa Torres of the U.S. District Court for the Southern District of New York issued a mixed decision:

• Programmatic XRP sales on exchanges did not violate securities laws, due to the blind bid/ask process.

• Direct institutional sales did constitute securities transactions, exposing Ripple to penalties.

This second finding led to a $125 million civil penalty against the company.

Ripple and SEC Motion Rejected by Judge Torres

Garlinghouse’s announcement came one day after Judge Torres rejected a joint motion from Ripple and the SEC to modify the existing injunction. The two parties had requested a ruling to:

• Dissolve the existing injunction

• Allow $50 million of the $75 million penalty to be paid to the SEC

• Allocate $25 million to Ripple as part of the resolution

The court denied the motion, maintaining its previous rulings.

Ripple Moves On From Legal Saga

Though Ripple had already stated back in March that it would not pursue a cross-appeal, Friday’s statement puts an official capstone on the case. A Ripple spokesperson declined to comment further.

The conclusion of this legal chapter may allow Ripple to re-focus its resources on international expansion and XRP Ledger development, free of the uncertainty that has loomed over the company since 2020.

With the cross-appeal dropped, Ripple now stands fully compliant with the court’s rulings and regulatory penalties, potentially setting a new precedent for future crypto-related enforcement actions.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 6-28-2025

TNT:

Tishwash:  An imminent agreement between Erbil and Baghdad to resume the region's oil exports and settle employee salaries - Urgent

Member of Parliament, Shwan Muhammad, said on Friday (June 27, 2025) that a comprehensive agreement between Baghdad and Erbil is likely to be reached soon, re-exporting Kurdistan's oil through SOMO and providing a solution to the months-long employee salary crisis.

Mohammed said in a press statement followed by "Baghdad Today" that "the agreement includes exporting the region's oil through the National Marketing Organization (SOMO), with the federal Ministry of Finance responsible for paying the dues of the operating oil companies, while providing guarantees that no obstacles will be placed in the way of the process."

The Kurdish MP explained that "the success of this agreement will have a direct impact on the salaries issue and pave the way for resolving the outstanding financial disputes between the two parties."

As the elections approach, Iraqi parties are preparing for internal and external challenges that require resolving disputes and strengthening the economic front. This is particularly true in light of declining oil exports and increasing international pressure on the federal government to ensure transparency in resource management. Meanwhile, Kurdish demands are escalating to end what has been described as the "collective punishment" policy of the region's employees through salary delays.  link

Tishwash:  Sherwan Dobardani: Erbil and Baghdad have reached an agreement and it must be adhered to.

 A delegation from the federal government arrived in Erbil on Thursday, June 26, 2025, and began its meetings with a delegation from the Kurdistan Regional Government at 5:00 PM, MP Sherwan Dubardani said.

The two sides reached good results and an agreement on resuming Kurdistan oil exports, he added.

"Erbil and Baghdad have reached an agreement to resume the export of Kurdistan Region's oil, and the agreement must be adhered to," Sherwan Dubardani, a member of the Iraqi parliament representing the Kurdistan Democratic Party, told Kurdistan 24 on Friday, June 27, 2025. He added, "A delegation from the Kurdistan Regional Government will meet with oil companies next week."

Dubardani added, "The Kurdistan Regional Government must abide by the law we voted on in the House of Representatives, and Baghdad must abide by the same law. Companies that signed contracts with the regional government have legal contracts according to the same law."

He pointed out that "there is no excuse for the federal government not to abide by the agreements because the Kurdistan Regional Government is prepared to implement the law enacted by the Council of Representatives, which is to pay 50% of the financial revenues to the federal government."

He explained that Iraqi political parties accuse the Kurdistan Regional Government of non-compliance and use slogans against the KRG because they have not delivered anything for their constituents in their provinces. Especially since parliamentary elections are due to be held soon in Iraq, they are using these slogans as political leverage.   link

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

Tishwash:  Erdogan: We will transform geopolitical potential into economic advantage through a "development path" extending from Iraq to Türkiye and on to Europe.

Turkish President Recep Tayyip Erdoğan said that his country will work to transform geopolitical potential into an economic advantage through the "Development Road" project extending from Iraq to Turkey and reaching Europe.

Speaking at the Global Transport Corridors Forum held at the Istanbul Congress Center on Friday, Erdoğan expressed his happiness at his country hosting this forum at a critical time witnessing the reshaping of the global trade route, as well as at hosting representatives from 70 countries in Turkey as part of the forum's activities.

He said: "We hope that the forum participants will have the opportunity to discuss many issues, such as cross-border cooperation opportunities, digital transformation steps, infrastructure investments, and the harmonization of transit transport operations, within the framework of the forum."

He stressed that the forum will be an important platform that showcases Turkey's vision and leadership capacity in the field of transportation to the entire world, rather than just an international meeting.

Erdoğan explained that the "Development Road" impact on production will exceed $50 billion within 10 years and is expected to provide an average of 63,000 job opportunities annually.

The Turkish president indicated that geopolitical potential will be transformed into a comprehensive economic advantage that will benefit the entire region through the "Development Road" project.

He explained that the "Development Road" is a land and railway route extending from Iraq to Turkey and its ports, extending 1,200 kilometers within Iraq, and aims to transport goods between Europe and the Gulf states.

Erdoğan noted that tensions in the Middle East and the uncertainty surrounding the Strait of Hormuz and airspace "reminded us of the importance of safe transport corridors," emphasizing that the importance of logistics lines that facilitate the movement of people and goods in the global economy is growing day by day.

He said, "This approach is the primary motivation behind Turkey's massive investments in land, air, and sea routes, as well as telecommunications and energy lines, particularly over the past 22 years."

He added, "Under our governments, we have invested nearly $300 billion in transportation and communications infrastructure."

He explained that $177 billion of this was spent on highways, $64 billion on railways, $25 billion on airlines, $4 billion on maritime transport, and $25 billion on communications infrastructure.

He added, "The impact of these investments on production has reached $1.65 trillion." Thanks to our investments in transportation, we have also achieved significant increases in employment, and many sectors, from industry to exports, from tourism to logistics, have been positively impacted by these investments."

During his speech, Erdoğan touched on the "Middle Corridor," noting that he expects the trade volume in the Middle Corridor, the railway linking Europe to Asia via Turkey, to reach $75 billion.

Erdoğan explained that the Middle Corridor extends from China to Europe and connects 21 countries via a railway network. It offers transportation twice as fast as maritime routes and nearly four times more economical than air routes.

He pointed out that this project represents a revival of the historic Silk Road, emphasizing the operationalization of the Baku-Tbilisi-Kars railway line, which forms the backbone of the Middle Corridor.

"Alongside all these initiatives, our efforts continue to align the Middle Corridor with the Belt and Road Initiative implemented by the People's Republic of China," Erdoğan continued.

The Middle Corridor is an alternative to the Northern Corridor linking China and Europe. It runs from Turkey to the Caucasus region, then crosses the Caspian Sea to Turkmenistan and Kazakhstan, reaching China.

The Middle Corridor is one of three global trade corridors from China to Europe, the first being the Northern Corridor via Russia, the Southern Corridor via Iran, and the Maritime Corridor via the Suez Canal.

The Middle Corridor is 4,256 km long by road and rail, and 508 km by sea. link

Mot: . Yeppers!!! -- Finded the ""RV Players Spirit Animal" 

Mot:  Just a friendly reminder  

Seeds of Wisdom RV and Economic Updates Friday Afternoon 6-27-25

Good Afternoon Dinar Recaps,

US Judge Denies Ripple–SEC Joint Bid to Slash $125M Penalty
By Cointelegraph | June 2025

A U.S. federal judge has rejected a joint motion from Ripple and the Securities and Exchange Commission (SEC) to reduce a $125 million penalty and vacate prior rulings that classified Ripple’s institutional XRP sales as unregistered securities.

The decision was handed down by Judge Analisa Torres of the U.S. District Court for the Southern District of New York, who reaffirmed that Ripple must adhere to federal securities laws, regardless of evolving SEC policy.

Key Developments:

▪️ Judge Torres denied the request to reduce the $125M civil penalty or reverse the ruling that Ripple’s XRP sales to institutions violated Section 5 of the Securities Act.
▪️ The court emphasized that the appropriate venue for altering a final order is through appeal—not by informal agreement between parties.
▪️ Judge Torres wrote:

“Ripple’s willingness to push the boundaries of the Order evinces a likelihood that it will eventually, if it has not already, cross the line.”

Background:

Ripple and the SEC jointly filed a motion seeking an indicative ruling, asking the lower court to reconsider its final order in light of the SEC’s softened stance on crypto enforcement.

However, Judge Torres rejected this procedural move, stating that nothing has materially changed since her earlier ruling to justify a reduced penalty or reversed injunction.

“They now claim it is in the public interest to cut the Civil Penalty by sixty percent… The Court disagrees,” she added.

Ripple’s Response and the SEC’s Retreat:

While Ripple did not immediately comment, the ruling comes after Ripple CEO Brad Garlinghouse previously declared the SEC’s dropped appeal as a “resounding victory” for the company and the broader crypto industry.

In March, the parties agreed to settle the monetary aspect of the case, proposing a 60% reduction in penalties:
▪️ $50 million to the SEC
▪️ $75 million to be returned to Ripple
▪️ Funds currently held in escrow pending court approval

Why It Matters:

This case has become a cornerstone legal battle for the crypto industry, with Ripple’s partial victories hailed as precedent-setting. Yet, Judge Torres’ refusal to revise the penalty underscores that regulatory enforcement remains grounded in statutory law—not political shifts or private settlements.

Ripple’s legal journey may be winding down, but the court has made it clear: accountability under federal securities laws stands firm.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

Confirmed: ISO® 20022 Message Format Goes Live for Fedwire® on July 14, 2025
By FRB Services | June 2025

After years of preparation in collaboration with the financial industry, the Federal Reserve Financial Services (FRFS) has officially confirmed the implementation of the ISO® 20022 message format for the Fedwire® Funds Service on July 14, 2025.

Fedwire Funds Service Moves Forward With ISO 20022

FRFS has announced that the long-planned migration to ISO 20022 will proceed on schedule. The Fedwire Funds Service software and production infrastructure will remain unchanged, ensuring a seamless transition for institutions already onboarded for compliance.

The message format shift marks a major step toward modernizing U.S. payment systems and aligning with global standards in high-value funds transfer.

“We are confirming that FRFS will move forward with implementing the new ISO 20022 message format on July 14 as planned.”

Testing Continues Through July 11

FRFS urges all participating institutions and service vendors to continue internal testing and validation efforts through July 11, just prior to go-live.

Questions or concerns should be directed to:

• 📧 Fedwire.Funds.Format@ny.frb.org

• 📞 Your FRFS relationship manager or the Support Center

“We appreciate the work, time, and resources you have put into preparing for the new ISO 20022 standard.”

A Key Milestone in U.S. Payment Infrastructure Modernization

The ISO 20022 rollout for Fedwire Funds is part of a broader global migration to richer, structured, and standardized messaging formats, enabling enhanced data handling, interoperability, and automation across banking systems.

This move places the U.S. in line with international payment modernization efforts, joining regions such as Europe and Asia that have already embraced ISO 20022 in real-time gross settlement systems.

@ Newshounds News™
Source:  Federal Reserve Financial Services

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Senate Banking Chair Targets September Deadline for Crypto Market Structure Bill
By Cointelegraph | June 2025

Following the successful Senate passage of the GENIUS stablecoin bill, U.S. lawmakers are setting their sights on broader digital asset market structure legislation—with a new timeline in view.

Sen. Tim Scott Aims for Sept. 30 Deadline

U.S. Senator Tim Scott, Chair of the Senate Banking Committee, announced Thursday that the chamber is working toward passing a digital asset market structure bill by September 30.

“For the market to function completely,” said Scott, “Congress needs to move forward with legislation for both market structure and stablecoins.”

The remarks came during a fireside chat with Senator Cynthia Lummis and White House crypto adviser Bo Hines, as part of a broader effort to advance regulatory clarity in the rapidly evolving digital asset sector.

Lummis offered strong support for Scott’s timeline, stating:

“You’re the chairman, and we will do as you wish. We will make sure that we’re ready to do that.”

GENIUS Act and Market Structure Bills on Parallel Tracks

The push for market structure legislation follows momentum from the GENIUS Act—the Guiding and Establishing National Innovation for US Stablecoins Act—which recently passed the Senate and awaits consideration in the House of Representatives.

▪️ Sen. Lummis warned she would be “extremely disappointed” if both bills aren’t passed before 2026.
▪️ No floor votes have been scheduled yet in either chamber for market structure legislation.

At the Bitcoin Policy Summit earlier this week, Lummis reiterated the importance of getting both pieces of legislation passed to maintain the U.S.'s competitive edge in digital finance.

White House May Push for Accelerated Timelines

Former President Donald Trump, who is seeking re-election, weighed in on the GENIUS Act on June 18, urging the House to “get it to [his] desk, ASAP.”

However, his August target for crypto legislation may conflict with the Senate’s September goal for market structure—raising questions about how the timeline may shift in coming weeks.

Senate Eyes CLARITY Act as a Framework

Lummis added that the Senate may model its legislation on the House’s proposed bill, the Digital Asset Market Clarity Act (CLARITY Act), which passed out of committee in June.

▪️ The Senate version is expected to be drafted before the August recess, with markup scheduled for September.
▪️ The goal: to define which digital assets fall under SEC or CFTC oversight, and to establish regulatory clarity for crypto companies operating in the U.S.

“We’re not just talking about modernization,” one staffer familiar with the bill remarked. “We’re talking about creating a framework that gives innovators, regulators, and investors clear rules of the road.”

Why It Matters:

As regulatory conversations escalate in Washington, a bipartisan, bicameral push toward crypto market structure reform could reshape the digital asset landscape. With the GENIUS Act already gaining traction, attention is now fixed on how soon—and how clearly—Congress can define the future of U.S. crypto regulation.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

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