Iraq Economic News and Points To Ponder Monday Afternoon 7-7-25

The Specter Of Sanctions Haunts The "Ki Card." Will Iraqis Face "Salary Cuts?"
 
Baghdad Today – Baghdad  Fears are growing in Iraq over a looming financial crisis, following reports
that Qi Card could be included on the US sanctions list due to ongoing investigations into financial files involving several banks and companies.
 
With a large segment of Iraqis relying on the company for their salaries, attention is turning to the government and central bank's ability to avoid what could become a paralysis in the routine financial system associated with employees and retirees.
 

Salaries in the circle of concern 
 
Economic and financial expert Nasser Al-Tamimi told Baghdad Today,  "Fears over the salaries of employees and retirees due to the possibility of sanctions being imposed on K-Card are natural and justified," noting that  "the Central Bank of Iraq has actually begun moving to establish a national payments system to counter such threats." 

Al-Tamimi added that "the sanctions, if imposed, will restrict the company's transactions to Iraq alone,
meaning it will be barred from any external activity or transfers." He emphasized that "Iraq's delay in establishing an independent payments system has made it directly vulnerable to any pressure or sanctions affecting the financial sector."
 
The context of sanctions and banking tensions 
 
These warnings come at a time when the Iraqi banking sector is witnessing successive turmoil,
especially after the US Treasury Department imposed sanctions on several Iraqi banks on charges of  money laundering and  dollar smuggling.
 
Global money transfer companies such as Western Union also announced they would suspend their dealings with some of these banks, sparking  market chaos and disrupting the flow of salaries and remittances.
 
Observers warn that any expansion of sanctions could include intermediary companies such as Qi Card,
potentially disrupting the payments infrastructure in the absence of effective alternatives in the short term.
 
Popular Mobilization Forces without salaries  

In one of the most striking manifestations of the current financial chaos, thousands of members of the Popular Mobilization Forces (PMF) have not received their monthly salaries for more than forty days, amid official silence from relevant authorities and a lack of clarification regarding the reasons for the delay. Observers believe  this delay may be indirectly related to  sanctions imposed on a number of local banks, or the result of  increasing restrictions on exchange and remittance channels, particularly in light of reports of tight US oversight of financing mechanisms, some of which are believed to be used outside official frameworks.
 
What next?
 
The Iraqi financial landscape is in a state of suspense amid delayed moves to establish national alternatives.

While the Central Bank confirms it is working to establish a new payments system capable of bypassing traditional intermediaries, actual implementation requires time, at a time when citizens cannot tolerate further delays in their salaries.
 
Experts believe this crisis could be a wake-up call for the state to reevaluate its financial and regulatory structure and provide sovereign tools to ensure financial stability, free from the dominance of companies that may be vulnerable to external targeting.      https://baghdadtoday.news/277952-.html 

Central Bank: National Electronic Payment Card Does Not Cancel International Cards
 
Time: 2025/07/04 3:30:17 PM Read: 1,860 Times  {Economic: Al Furat News} The Central Bank of Iraq confirmed that the   National Electronic Payment Card Project
     is an additional local option used exclusively within Iraq and 
     in Iraqi dinars, stressing that
     it does not cancel or restrict existing international cards.  

The Central Bank explained in a statement that "the National Electronic Payment Card Project
     is an additional local option used exclusively within Iraq and   in Iraqi dinars," emphasizing that
this project  aims to enhance local banking services.

The bank emphasized that  the National Card "does not cancel or restrict existing international cards such as Visa and Mastercard," denying any negative impact on the use of currently available international cards. 

The statement added that  "there are no plans to  cancel these cards or prohibit transactions in dollars outside Iraq," reassuring citizens and banking market users about the continuity of international banking services.
 
These clarifications come as part of government efforts to  develop the local banking system and  promote the use of the Iraqi dinar in local transactions, without  compromising nternational banking services or restricting foreign currency transactions outside Iraq.     https://alforatnews.iq/news/البنك-المركزي-البطاقة-الوطنية-للدفع-الإلكتروني-لا-تلغي-البطاقات-الدولية 

The Central Bank Of Iraq Organizes A Workshop On Improving The Skills Of Its Employees.
 
July 07, 2025  The Human Resources Directorate of the Central Bank of Iraq, in cooperation with the Erbil branch, organized a workshop for branch employees titled  "Improving the Skills of Middle Management and Preparing Them for Digital Transformation."
 
The workshop covered a range of topics related to  new management skills,  strategic thinking,  job behavior, the use of modern digital and technical approaches, and the  art of dealing and negotiation.
 
Central Bank of Iraq  Media Office  July 7, 202   https://cbi.iq/news/view/2927 

Industry: Investment Opportunities For Phosphate Fertilizer Production
 
Economic 07/07/2025  Baghdad: The pillar of the emirate The Ministry of Industry and Minerals announced the referral of investment opportunities to establish new, integrated
phosphate fertilizer plants to a consortium comprising the  Iraqi Asas Engineering Company and East China Company,as part of its efforts to boost national production in the chemical industries sector.
 
The ministry's media spokesperson, Duha Al-Jubouri, told Al-Sabah:
 
"The Opinion Board and the relevant departments within the ministry are in the process of approving the referral decision in preparation for signing the final contract next month." She noted that "the new plants will operate with an annual production capacity of 1.5 million tons of phosphate fertilizers.

" Al-Jubouri explained that  the investment project includes the development of the phosphate ore mine in Akashat, west of Anbar.
 
This mine constitutes a fundamental pillar in the production chain, as the  raw materials will be transported to the Al-Qaim Industrial Complex for use as raw materials in fertilizer manufacturing.
 
She confirmed that all production lines in Akashat and Al-Qaim will adopt the latest technologies.
 
Regarding phosphate reserves, Al-Jubouri revealed that "the confirmed reserves in the Akashat mine alone amount to (3) billion tons, while the other mines in the Sawab and Al-Hari areas contain about (7) billion additional tons,  bringing the total confirmed national reserves to about (10) billion tons," considering
 
this a "strategic wealth suitable for long-term investment.

" She emphasized that the Minister of Industry and Minerals, Khaled Battal Al-Najm, has given special importance to investment in the phosphate sector since assuming office, as three investment conferences were organized specifically for this purpose, and their outcomes were the referral of these major investment opportunities, while there are still two additional opportunities under study by the ministry.
 

Chemical industry 
 
Regarding the importance of phosphate, economic expert Dr. Ikram Abdel Aziz explained that   phosphate represents a vital mineral with multiple uses and is an essential material in many vital and agricultural industries.

Speaking to Al-Sabah, Abdel Aziz said, "Phosphate is used in the manufacture of animal feed supplements, as it provides the phosphorus and calcium necessary for bone growth and reproduction in livestock."

She noted that  "this substance is also used in the chemical and agricultural detergent industries, as  it is an essential raw material for the production of phosphoric acid, which in turn is used in the manufacture of many industrial chemicals." 

She added that phosphate plays an important role in mining operations, by  helping to remove impurities and enhance the fluidity of molten metals,  which aids in the extraction and purification of metals such as iron, steel, aluminum, and copper.
 
On the environmental side, Abdelaziz explained that "phosphate is used to stabilize soil and prevent soil erosion by strengthening its structure, which contributes to supporting land management practices, especially in areas prone to erosion."
 
In the medical field, she emphasized that "calcium phosphate compounds are used to  ensure the safety and quality of drinking water and industrial systems, in addition to their role in promoting public health and protecting infrastructure."
 
Abdelaziz concluded her remarks by highlighting the growing role of phosphate in renewable energy, saying,  "Phosphate is a key topic in energy storage research, as it has significant potential in this area.
 
Scientists are currently seeking to develop technologies to improve its extraction efficiency and  expand its use in recycling phosphorus from organic waste and wastewater." https://alsabaah.iq/117039-.html 

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 7-7-25

Good Afternoon Dinar Recaps,

Crypto Tax India: Here’s What the New 18% GST Means for Traders
Triple-tax regime pushes Indian crypto users toward DeFi as regulatory pressure escalates

▪️ India Imposes 18% GST on Crypto Services via Bybit – Starting July 7, 2025, Indian users will be taxed on trading, staking, yield, and more.
▪️ Triple Tax Burden May Push Users to DeFi – Combined with the 30% profits tax and 1% TDS, the new GST may accelerate a shift away from centralized exchanges.

India’s Harshest Crypto Tax Yet Starts July 7

India’s crypto climate just turned more hostile. Influencer Keyur Rohit (176K+ followers on X) revealed that Bybit will apply an 18% Goods and Services Tax (GST) on all crypto services for Indian users starting July 7, 2025.

This move cements India’s place among the most heavily taxed crypto jurisdictions in the world.

What Services Are Now Taxed?

The 18% GST will apply to nearly every aspect of Bybit’s platform in India, including:

• Spot and futures trading

• Copy trading and bot trading

• Staking rewards

• Withdrawals

• Card payments

• Token swaps

• Yield earnings

• Deposits via card or bank

Crypto loans and Bybit Card services will be discontinued entirely for Indian users.

India’s “Triple Tax Trap”

Here’s the updated crypto tax structure facing Indian traders:

• 30% tax on crypto profits

• 1% TDS on every sell transaction

• 18% GST on services (starting July 7)

This layered tax burden may push users toward DeFi platforms, where tax enforcement is less direct and privacy is enhanced.

DeFi: A Potential Escape?

Rohit warns that this heavy-handed tax policy may backfire, driving more users to decentralized platforms that offer:

• Greater user privacy

• No 1% TDS or centralized reporting

• Fewer immediate compliance demands

While not paying taxes remains illegal, the current tax climate may unintentionally undermine government oversight by forcing users underground.

India’s Crypto Crossroads

As of July 7, Indian crypto users will face one of the highest cumulative tax burdens in the world. While decentralized platforms might offer temporary relief, the only long-term solution is regulatory reform that protects both revenue and innovation.

Without a balanced approach, India risks stifling its own crypto industry and losing ground to more innovation-friendly economies in Asia.

@ Newshounds News™
Source: Coinpedia    

~~~~~~~~~

90% of BRICS Transactions Now Settled in Local Currencies, Putin Confirms at 2025 Summit

At the 2025 BRICS summit held in Rio de Janeiro, Russian President Vladimir Putin announced that 90% of all cross-border transactions with BRICS members are now conducted in local currencies—a significant milestone in the bloc's ongoing push to de-dollarize global trade.

According to Putin, the majority of these transactions have been settled in the Russian ruble and other national currencies, signaling a marked departure from reliance on the U.S. dollar.

“The use of national currencies in trade among our countries is steadily growing,” Putin said. “In 2024, the share of our national currency, the ruble, along with the currencies of friendly nations, accounted for 90% of Russia’s settlements with other BRICS states.”

Local Currency Settlements Take Center Stage

BRICS member nations are reportedly engaged in discussions to streamline and scale payment systems using their respective national currencies. This includes improvements in financial services infrastructure such as logistics, insurance, and payment processing, aimed at reducing dependency on U.S.-dominated systems.

“First and foremost, in such areas as technology, the efficient development of resources, logistics and insurance, trade, and finance. It is also necessary to further expand the use of national currencies in mutual settlements,” Putin noted during the summit.

A Strategic Shift Away from the U.S. Dollar

Russia has emerged as a central advocate within BRICS for transitioning to local currency payments, a move it sees as essential to asserting financial sovereignty. China has joined in this effort, promoting global de-dollarization by encouraging nations in Asia, Africa, and South America to adopt non-dollar trade frameworks.

This momentum marks a stark geopolitical shift, as BRICS becomes the only international bloc actively organizing to challenge the West’s financial influence.

The Bigger Picture

As the U.S. dollar takes a backseat in BRICS trade agreements, the bloc is laying the groundwork for a parallel financial system—one that seeks to compete with, and potentially decouple from, the U.S.-led global order.

If sustained, this realignment could have far-reaching implications for international finance, reserve currencies, and global power balances.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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“Tidbits From TNT” Monday 7-7-2025

TNT:

Tishwash:  Kurdistan Region agrees to hand over oil to Baghdad, final agreement expected within 24 hours 

An informed source reported on Sunday (July 6, 2025) that the Kurdistan Region informed the federal government of its official approval to deliver its oil to Baghdad, as part of the joint oil agreement.

The source confirmed in a statement to Baghdad Today that "the regional government's response has already reached Baghdad, and includes full approval for the delivery of oil according to the mechanisms discussed during previous meetings," noting that "the federal government's response will be sent to the region Monday."

The source added, "The two sides are close to finalizing the final version of the full agreement  link

Tishwash:  A delegation from the Kurdistan Region arrives in Baghdad to discuss a draft oil export agreement. 

An informed source reported that a delegation from the Kurdistan Region has arrived in Baghdad to complete discussions on the draft oil export agreement between the two governments.

According to the source, "A delegation from the Kurdistan Regional Government arrived in Baghdad on Monday to discuss a draft agreement on oil exports with Iraqi officials."

The delegation includes Kamal Mohamed, Acting Minister of Natural Resources; Amanj Rahim, Secretary of the Cabinet; and Abdul Hakim Khosro, Head of the Coordination and Follow-up Office.

This visit comes as Baghdad prepares a draft of the aforementioned agreement, awaiting Erbil's response. Erbil is expected to submit its official response to Baghdad today.  link

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

Tishwash:  Al-Bujari: The new legislative session will witness the approval of important laws.

Representative Zahra Al-Bajari called on the Parliament Speaker and political forces on Sunday to move forward in activating the file of interrogating officials, especially interrogations that have met their constitutional requirements.

Al-Bajari confirmed in a statement to the Al-Maalouma Agency that “the Parliament will resume its sessions in the coming few days with the start of the new legislative term,” noting that “most political forces are keen to make this legislative term effective by approving important laws that directly affect the lives of citizens.”

She stressed "the necessity of activating the file of interrogations that meet the constitutional requirements, with the aim of strengthening the Parliament's oversight role and holding negligent parties accountable."

It is noteworthy that the Parliament will resume its regular sessions in the coming days after the end of its legislative term, amid calls to intensify the holding of sessions and work to approve important laws. End     link

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

Tishwash:  The era of cash is over. Iraq accelerates its steps towards electronic payments amid fears of hacking.

 The Iraqi government is accelerating its efforts to end cash transactions within official institutions, as part of a national plan to establish an electronic payment system. This comes amid technical and economic challenges, and fears of potential disruption resulting from weak infrastructure and a lack of adequate preparation.

The government announced a package of measures requiring the use of electronic cards in all official institutions, whether for paying fees or receiving dues, as part of a plan to restructure the national economy and reduce reliance on cash.

Restructuring the Banking Sector

Last week, Prime Minister's advisor, Saleh Salman, said that the government had contracted with Ernst & Young to restructure six to seven state-owned banks, including Rafidain, Rashid, Industrial, and Real Estate.

He indicated that Rafidain Bank will be transformed into Rafidain First Bank, with the state's share reduced to less than 24%, while the remaining shares will be offered to investors and private banks.

He explained that the number of point-of-sale (POS) devices in the country ranges between 60,000 and 70,000, while the number of registered bank accounts amounts to approximately 22 to 23 million. However, these figures do not necessarily mean that all account holders have functional bank cards.

Unofficial estimates indicate that approximately 65% ​​of the population remains outside the electronic payment system, due to the unavailability of cards, lack of confidence in the technical infrastructure, or frequent internet outages.

For his part, Moeen Al-Kadhimi, a member of the Finance Committee in the House of Representatives, emphasized the importance of switching to an electronic payment system as a strategic step to eliminate excessive reliance on cash, noting that this culture has become prevalent globally, and Iraq must catch up.

Al-Kadhimi added in a statement to Al-Mada that approximately seven million employees and retirees, in addition to three million social welfare recipients, receive their benefits via electronic payment cards, which reinforces the need to expand and develop this service in a thoughtful manner.

He pointed out that the technical infrastructure in Iraq is still incomplete, calling for its rapid development, especially with the notable progress made by Rashid Bank and the importance of supporting Rafidain Bank with young cadres specialized in programming and information technology.

Cyberattacks and Community Concerns

On the other hand, observers have warned that imposing electronic payments could increase citizens' suffering, especially in areas lacking technical infrastructure or among individuals who do not have bank accounts. Experts have recommended adopting a gradual approach that takes vulnerable groups into account.

This shift coincided with increasing complaints on social media about some users' accounts being hacked or debited without their knowledge, amid accusations of weak cybersecurity in some banking applications.

Experts warn that rushing to generalize electronic payments without addressing security vulnerabilities could undermine public confidence in the banking system, given the lack of adequate awareness of safe usage mechanisms.
Indications of a Real Transformation.

In the same context, economic expert Mustafa Hantoush stated that Iraq has made significant strides in the transition to electronic payments, noting that the period between June 1, 2023, and July 1, 2025, represents a pivotal point in integrating this system into the state.

Hantoush told Al-Mada that the value of electronic purchases amounted to more than 298 billion Iraqi dinars, reflecting a real shift in consumer culture.

He explained that the technical infrastructure is now well-prepared, but it still needs to develop electronic payment companies and expand the acceptance of international cards, which would enhance Iraq's ability to enter an integrated digital economy.

He concluded by saying, "We aspire to reach an electronic purchasing power exceeding 300 trillion dinars, and if we succeed in reaching 100 trillion as a first stage, it will be an achievement that establishes a modern financial culture in the country."  link

Mot:  .. Now Don't Laugh!!! -- 3 -- 2 -- 

Mot:  . Evolution of a TNT'r during the RV  evolution

At The Beginning Many Many Years Ago !                   Today !!!  Need I Say More?

Monday Coffee with MarkZ. 07/07/2025

Monday Coffee with MarkZ. 07/07/2025

Some highlights by PDK-Not verbatim

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

Member: Good Morning all….Hope everyone had a fun filled holiday weekend

Member: Do we think this week is the week Mark??

MZ: There is really good news out of Iraq today…really good news.

Member: On a scale of 1 to 10 how sure are you we will get a new rate with the gas and oil law?

MZ: Personally I’m sitting at an 8…There is a lot of key sstuff coming together all at the same time.

Member: When you hear about the 2026 budget being voted on, and accepted, will we finally see this happen!???

Member: Frank26 says Barzani and Sudani will have an agreement within the next 24 hours. 

MZ: In Iraq: “ Kurdish delegation arrives in Baghdad to finalize oil export deal”  This is HUGE news. It is expected to be finalized today. Tomorrow at the latest from what my contacts in Iraq are telling me.

MZ: “ The Kurdistan region agrees to deliver oil to Baghdad, and final agreement within 24 hours” The news coming out of Iraq right now is fantastic. It looks like today is the day on this front. An announcement tomorrow is expected.

MZ: “Sudanese: Iraq will stop importing gasoline this year and start exporting it ” This is really big. They are ahead of schedule….We have been waiting for all of this for 15 years

MZ: “Inflation in Iraq decreased by 21% and improved national financial stability indicators”  They are letting us know how in control is the inflation…..Things are safe and secure

MZ: I think they are laying the ground for a rate change.

Member: I pray there is a new rate in the HCL and budget.

Member: Do you think the Kurdish salaries will be paid in the new rate? And what’s your thought on the VND rate?

MZ: On Kurdish salaries I think yes-probably….They put a provision in the 23, 24, 25 budget for a rate change….a mechanism that lets them immediately change pay rates/exchange rates.

MZ: I am very cautiously excited at how close we are. You all should be jumping up and down in excitement.

MZ: “ Vietnam records 7.5% growth in the first half of 2025”  Vietnam came to the table early and nailed down deals with the US.

Member: Vietnam is looking great !! I'm happy for the people of Vietnam !!

Member: Hearing VND could be .47. I’m totally ok with that. Still incredible

MZ: On the bond side -nothing yet this morning. I can tell you that redemption center/wealth management did not work this weekend. So no updates from them yet.

Hi Mark- it appears Iraq is ready to expose their rate but we have heard nothing about groups here being paid? If groups need to go before we RV it appears Iraq will need to wait. Your thoughts?

Member: Rumor is Trump say Vietnam and a small group of countries are scheduled to revalue on the 6th or 7th? I believe he was in Airforce One. From a guy on Franks show last week.

Member: do you think Trump knows about the RV?

MZ: I absolutely do….years ago he spent millions on Iraqi dinar because he knows it’s a good investment. As did Warren Buffet….I think he spent 14 million buying dinar.

Member: Years ago, on his tv show, Trump handed out Zims and told contestants to hang onto it because it would be worth a lot of money

Member: BRICS is having a big meeting in Rio right now……

Member: will the BRICS summit trigger Operation Sandman??

Member: Still waiting to hear what was to come of Ft Knox and the one in NY regarding the gold.

Member: Havn’t heard of the Federal Reserve or Treasury being audited either.

Member:  With the massive amounts of GOLD in Fort Knox, Trump should just revalue GOLD to $140k/oz to increase the "Asset side" of his balance sheet, Debt problem solved!

Member: If the RV happens, the world will start to change. Most of us are going to help the world

Member: I am new…. Where do I go to register for the exchange of my IDQ VNĐ and ZIM….

Member: Mark will announce it….along with Dinar Recaps and all the Dinar sites, and all the intel providers will announce it……you will not miss it.

Member: Thanks everyone. Have a safe and happy day today.

Member: We are very close. Don’t give up …..stay positive and the best is yet to come.

Jonothan Otto from myredlight joins us today after the news. Please listen to the replay for his information

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

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

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

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

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

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

Youtube:     https://www.youtube.com/watch?v=hzagqN8uThU

Iraq Economic News and Points To Ponder Late Sunday Evening 7-6-25

The Ministry Of Commerce Announces Plans To Balance The Market And Meet Consumer Needs.

Economy | 06/07/2025  Mawazine News - Baghdad -  The Ministry of Trade revealed, on Sunday, its plan to regulate import policy and protect local products. It also confirmed the development of plans to balance the market and meet consumer needs, including adjusting customs duties for a category of imported goods.

Ministry of Trade spokesman Mohammed Hanoun told the official agency, followed by Mawazine News, that "the Ministry of Trade seeks to regulate import policy through a set of plans and procedures aimed at protecting local products while achieving market balance and meeting consumer needs."

He added, "The plans include updating the list of prohibited and restricted goods for import. The ministry periodically reviews and updates the lists of prohibited or restricted goods, in coordination with the relevant sectoral authorities, in line with national production capacities and to prevent the market from being flooded with competing imported goods.

He pointed out that "the ministry has given priority to local products in government procurement, and the ministry adopts a policy of preferring local products in government supply contracts, including ministries and official bodies, in support of national industries."

He explained that "the plans include the effective implementation of the import license system, as import licenses are granted according to well-studied plans based on the needs of the local market and the production capacity of Iraqi factories to prevent random imports that harm national production."

They also include measures to strengthen control over border crossings in cooperation with the General Authority of Customs and security authorities. Control over border crossings is being tightened to prevent the entry of unauthorized or poor-quality goods that harm fair competition."

He continued, "The ministry is adopting a partnership approach with the Federations of Chambers of Commerce and Industry and relevant federations to ensure that import decisions support the aspirations of the Iraqi private sector.

To implement customs tariffs in accordance with protection requirements, the Ministry of Trade is coordinating with the Ministry of Finance to propose amendments to customs duties for imported goods that have a local alternative, thus enhancing the competitiveness of the national product."

He concluded by saying, "The plans include a deliberate openness to international markets while protecting the local market, as the ministry is working to enhance Iraq's trade openness with countries around the world through well-considered trade agreements that guarantee national interests." https://www.mawazin.net/Details.aspx?jimare=263543

Iraq Raises Oil Production To 4.17 Million Barrels Per Day As Part Of A New OPEC+ Increase.

Economist Nabil Al-Marsoumi announced that Iraq's share of oil production will increase by 48,000 barrels per day in August, reaching 4.17 million barrels, up from 4.122 million barrels in July.

Al-Marsoumi explained in a press statement on Sunday that this increase comes as part of the OPEC+ alliance's decision to raise its total oil production by 548,000 barrels per day, the largest increase in several months, in an attempt to balance global markets.

He indicated that this step could put pressure on prices, especially in light of the continued fluctuations in global demand, in addition to parallel increases in production from countries outside the alliance.

https://www.radionawa.com/all-detail.aspx?jimare=42189

The US Increases Its Oil Imports From Iraq To 212,000 Barrels Per Day.
Economy | 06/07/2025  Mawazine News - Follow-up  The US Energy Information Administration announced, on Sunday, that America increased its oil imports from Iraq during the past week.

The administration said in its statistics, “The average US imports of crude oil during the past week from 10 major countries reached an average of 6.188 million barrels per day, an increase of 952 thousand barrels per day compared to the previous week, which averaged 5.236 million barrels per day.”

It added that “Iraq’s oil exports to America reached an average of 212 thousand barrels per day, an increase of 29 thousand barrels per day compared to the previous week, which averaged 183 thousand barrels per day.”

The administration also indicated that “the largest oil revenues to America during the past week came from Canada, at an average of 4.228 million barrels per day, followed by Nigeria at an average of 419 thousand barrels per day, followed by Saudi Arabia at an average of 351 thousand barrels, Mexico at an average of 342 thousand barrels per day, and Brazil at an average of 191 thousand barrels per day.”

According to the table, “US crude oil imports from Colombia averaged 175,000 barrels per day, from Ecuador 126,000 barrels per day, from Libya 80,000 barrels, and from Venezuela 64,000 barrels per day.”   https://www.mawazin.net/Details.aspx?jimare=263519

The Dollar Price Rises Again In Baghdad.

economy | 06/07/2025  Mawazine News - Baghdad -  The dollar rose against the dinar on Sunday, with the Baghdad Stock Exchange closed for the Muharram holiday.

The dollar rose against the dinar, with the selling price reaching 141,500 Iraqi dinars per $100, and the buying price reaching 141,000 dinars per $100. https://www.mawazin.net/Details.aspx?jimare=263524

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

Seeds of Wisdom RV and Economic Updates Monday Morning 7-7-25

Good Morning Dinar Recaps,

Bank Insider Admits to Nine-Year Scheme Involving Falsified Loan Applications, Faces Up to 30 Years

In a major federal case exposing long-term financial misconduct, a former senior loan officer at Tempo Bank and a construction company owner have both pleaded guilty to a nearly decade-long conspiracy to commit bank fraud. The U.S. Attorney’s Office for the Southern District of Illinois announced the charges in a press release on Saturday.

Francis Eversman, a former senior loan officer, and Gregg Crawford, a construction business owner, admitted to orchestrating a scheme from 2011 to 2020 that relied on falsified loan applications, straw purchasers, and fake lease agreements in order to misappropriate funds from the bank.

Straw Purchasers and Inflated Properties

According to federal prosecutors, Crawford recruited individuals to serve as straw buyers—borrowers in name only—for properties that were often grossly overvalued. These individuals, who had no intention of owning or occupying the properties, were used to help secure financing under false pretenses.

Eversman, Crawford’s brother-in-law, used his position inside the bank to approve and facilitate these fraudulent loan applications.

Instead of being used for legitimate real estate purchases, the loan funds were diverted by Crawford for other purposes. In an effort to conceal the fraud, he also submitted fabricated lease agreements to create the appearance of rental income from the properties.

Attempt to Mislead Federal Regulators

The fraud came under scrutiny during an audit conducted by the Office of the Comptroller of the Currency. When questions arose about the legitimacy of the loans, Crawford instructed at least one straw purchaser to provide false information to the regulators.

This act of obstruction deepened the government’s case against the pair, showing a deliberate attempt to mislead oversight authorities.

“They Betrayed Public Trust,” Says FBI

Karen Marinos, Assistant Special Agent in Charge at the FBI’s Springfield office, underscored the broader implications of the case.

“Every American citizen deserves to walk into their bank and trust the people behind the counter,” Marinos said. “In southern Illinois, these people are usually our neighbors and friends—people we trust with our money and wellbeing. Crawford and Eversman violated that trust for personal gain.”

Sentencing Set for October

Eversman and Crawford are scheduled to be sentenced on October 14, 2025. Both defendants face:

• Up to 30 years in federal prison

• Five years of supervised release

• Fines of up to $1 million

Their convictions mark another high-profile success for the Justice Department in its efforts to prosecute financial crimes involving abuse of position and systemic deception within U.S. banking institutions.

@ Newshounds News™
Source:  DailyHodl

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 Bitcoin To Anchor America Party — ‘Fiat Is Hopeless,’ Says Elon Musk
Musk embraces Bitcoin as cornerstone of new political movement amid feud with Trump and fiat backlash

▪️ Elon Musk confirmed that Bitcoin will be backed by the newly formed America Party, stating bluntly: “Fiat is hopeless, so yes.”
▪️ The comment came in response to a follower’s question hours after Musk unveiled the political party on X.
▪️ Bitcoin briefly spiked above $109,000 as crypto Twitter lit up with the billionaire’s endorsement.

Musk Pitches Bitcoin As Political Answer to Fiat Collapse

The exchange, initiated by Brazilian Bitcoiner Renato Lima, follows Musk’s official launch of the America Party, a direct challenge to the Republican and Democratic duopoly. Musk had already framed the party as a force capable of flipping narrow House and Senate races, declaring:

“The America Party is the solution.”

His endorsement of Bitcoin further aligns the party with a hard-money, anti-fiat ethos—a message that resonates with the crypto community’s growing political clout.

Crypto Momentum Grows as Musk Splits With Trump

The timing is no accident. Musk’s move comes amid escalating tensions with President Donald Trump, who recently passed the “Big Beautiful Bill”—a spending package Musk opposes for slashing EV subsidies.

A Musk-led Twitter poll with over 1.25 million participants found that 65% of users support independence from the two-party system. Trump, in turn, called Musk “a train wreck” who’s gone “off the rails.”

The friction marks a clear political shift—and crypto users are mobilizing.

Bitcoiners Rally, but Party Remains Organizationally Bare

Despite viral support, the America Party has no official FEC filings, no leadership structure, and no formal policy platform. An unaffiliated account claiming to represent the party even had to be flagged for impersonation.

Still, Musk’s “Fiat is hopeless” tweet carried more influence than any formal press release. Large crypto accounts boosted the statement, fueling millions of impressions and a brief BTC rally past $109K.

Musk’s History With Bitcoin Strengthens Credibility

Tesla added 11,509 BTC to its balance sheet in 2021, giving Musk real skin in the game. Though the company later sold some holdings and paused Bitcoin payments, the billionaire has maintained a high-profile association with the asset.

His America Party now inherits not only that Bitcoin credibility, but also his broader anti-establishment stance, which increasingly appeals to libertarian and tech-aligned voters.

Political Impact: Could the America Party Become a Crypto Wedge?

While the America Party lacks formal structure, its impact could be immediate, especially if Musk targets battleground districts in 2026. That could split the crypto vote, drawing support away from Trump, who previously won over the sector in 2024.

If Musk fields candidates aligned with Bitcoin policy, it would present a rare political alignment between digital assets and electoral leverage—especially in tightly contested areas.

As of press time, Bitcoin is trading at $109,086.

@ Newshounds News™
Source: Bitcoinist

~~~~~~~~~

Donald Trump Slams Elon Musk’s ‘America Party’ as a GOP-Killing Train Wreck
Musk’s third-party launch sparks fierce Republican backlash ahead of 2026 midterms

▪️ Elon Musk’s launch of the “America Party” drew immediate condemnation from Donald Trump, who warned it could split the GOP and cost Republicans control of Congress.
▪️ The feud was sparked by Musk’s anger over Trump’s $3.3 trillion “One Big Beautiful Bill Act.”
▪️ Trump called Musk’s party a “train wreck,” accusing him of going “off the rails” in a scathing Truth Social post.

Trump Warns of GOP Vote Split: “The System Is Not Designed for Third Parties”

Trump’s criticism centered on the historical failure of third-party movements in U.S. politics. He cited Ross Perot’s 1992 bid, which won 19% of the popular vote but zero electoral votes, and Jesse Ventura’s brief success with the now-defunct Reform Party.

“The system seems not designed for them,” Trump wrote, emphasizing that third parties only siphon votes from their closest ideological base—in this case, the GOP.

Musk Unleashes America Party After Tax Bill Fallout

Musk’s announcement came shortly after Congress passed Trump’s controversial tax-and-spending bill, a move the Tesla CEO had warned against. Calling it a “disgusting abomination”, Musk blamed it for undermining the mission of the Department of Government Efficiency (DOGE)—a Trump-era agency he briefly led.

He had previously vowed to launch a political party if the bill passed. When it did, Musk followed through on X, declaring:

“The America Party is formed to give you back your freedom.”

Concerns Mount Among Trump Allies Over Party Defections

The growing feud between Trump and Musk has alarmed Republican insiders, especially those in swing districts. Influencer Laura Loomer even speculated that Representatives Marjorie Taylor Greene and Thomas Massie might defect to Musk’s party—a move that could fracture conservative unity.

Republican operatives worry that even a small breakaway faction could hand key seats to Democrats, especially in razor-thin midterm battlegrounds.

Musk’s Strategy: Targeted Disruption, Not a Presidential Run

Rather than running for president, Musk appears to be pursuing a tactical approach, focusing the America Party’s resources on 2–3 Senate races and 8–10 House districts. In today’s hyper-partisan environment, that may be all it takes to reshape legislative control.

“Laser-focus on tight seats,” Musk said, indicating a plan to flip or block just enough to hold leverage in Congress.

While FEC filings for the America Party have surfaced, Musk has confirmed that at least one is fraudulent, leaving questions about the party’s official status and infrastructure. Still, the political threat is real—and growing.

@ Newshounds News™
Source: Coinpedia   

~~~~~~~~~

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MilitiaMan and Crew: Iraq Dinar News- Baghdad & Erbil Oil Agreement-Avoid American Trap

MilitiaMan and Crew:  Iraq Dinar News- Baghdad & Erbil Oil Agreement-Avoid American Trap

7-6-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

In this insightful video, we delve into the complexities of the Iraqi Dinar and the recent developments surrounding the Oil and Salary Agreement between Baghdad and Erbil.

 With Iraq's vast oil reserves at the center of economic discussions, we explore how this agreement aims to ensure equitable distribution of resources and salaries between the federal government and the Kurdistan Regional Government (KRG).

Join us as we analyze:

 The significance of the Iraqi Dinar in the context of these agreements and its impact on the economy. The strategic importance of oil fields and how Baghdad plans to exert control over them amid regional tensions.

 The implications of the Oil and Salary Agreement for both Baghdad and Erbil, and what it means for the Kurdish population.

How the Iraqi government and KRG are working to avoid potential pitfalls, including the perceived American trap of foreign intervention and influence.

The critical issue of anti-smuggling efforts in the oil sector and how they play a role in stabilizing the economy. Whether you're interested in Middle Eastern politics, economics, or the intricacies of the Iraqi financial system, this video provides a comprehensive overview of the current state of affairs in Iraq.

https://www.youtube.com/watch?v=ldS0r2XKmyY

The Stock Market Peaked 25 Years Ago in Real Terms

The Stock Market Peaked 25 Years Ago in Real Terms

Liberty and Finance:   7-5-2025

In a recent compelling discussion with Liberty and Finance, renowned precious metals expert David Morgan peeled back the layers of apparent market prosperity, offering a stark warning that beneath the surface of robust nominal stock market indices lies a hidden, long-term erosion of real value.

Morgan’s insights challenge conventional views, arguing that while the stock market appears strong on paper, its true performance since its 2000 peak has been dismal when measured against gold, the universal constant.

Morgan articulated his concept of an “invisible crash,” a stealthy decline in purchasing power masked by relentless inflation and the systematic debasement of fiat currencies.

He contends that the everyday investor, seeing rising market numbers, is often unaware that their wealth is subtly yet profoundly diminishing in real terms. Gold, in his view, serves as the unyielding barometer of this decline, revealing the true economic landscape distorted by monetary policy.

While the broader market narrative is bleak, Morgan expressed considerable bullishness on silver, noting its recent strength, particularly its move above the $37 mark.

 He forecasted potential triple-digit prices for silver in the coming years, positioning it at the forefront of what he believes will be a major precious metals bull market. This optimism for silver stands in contrast to his broader concerns about the global financial system.

Morgan did not mince words when discussing the role of central banks, particularly the Federal Reserve. He warned that the Fed’s endless interventions and a pervasive reliance on unsustainable debt have fundamentally distorted economic signals.

This, he suggested, is setting the stage for an unprecedented economic scenario: a hyperinflationary depression. This grim outlook posits that while market indices might appear to climb, they would merely reflect rapidly depreciating currency, leading to a severe decline in living standards and economic stability.

At the heart of Morgan’s analysis is a passionate plea for sound money.

He argued that fiat currency, untethered to tangible assets and subject to political manipulation, not only undermines economic stability but also erodes societal trust and personal freedom.

For Morgan, adhering to principles of sound money is not merely an economic preference but a fundamental requirement for a prosperous and free society.

David Morgan’s insights serve as a potent reminder for investors and the public to look beyond nominal figures and understand the true purchasing power of their wealth. His warnings underscore the critical importance of financial literacy and the pursuit of assets that can preserve value in an increasingly volatile and uncertain economic environment.

https://youtu.be/K9cwgHVj84o

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 7-6-25

Good Afternoon Dinar Recaps,

BRICS Unveils 200-Denominated Bank Note at 2025 Summit?
A symbolic gesture, not a currency launch—Putin reveals mock BRICS note to stir global conversation on de-dollarization

▪️ A 200-denominated BRICS bank note displayed at SPIEF 2025 has gone viral—but it’s not a real currency.
▪️ The note features national flags and birds of BRICS members, symbolizing unity across geopolitical divides.
▪️ Despite speculation, the bloc remains divided on launching a common currency, especially between China-Russia and India-Brazil factions.

At the 2025 St. Petersburg International Economic Forum (SPIEF), Russian President Vladimir Putin unveiled a symbolic 200-denominated BRICS bank note, igniting another wave of speculation about the future of BRICS monetary cooperation. However, the note is not legal tender, nor does it represent an official step toward a unified BRICS currency.

This follows a similar stunt from the 2024 Kazan Summit, where Putin revealed another mock-up. The note shown this year again featured emblems representing each member state, but it remains purely ceremonial—meant more to signal intent than serve as a functional medium of exchange.

No Common Ground Yet: Divisions Within the BRICS Bloc

While Russia, China, and Iran are pushing hard for a BRICS common currency, other members—including India, Brazil, South Africa, and the UAE—remain cautious or outright opposed. India has been particularly vocal in rejecting the notion, casting doubt on any near-term issuance of a BRICS bank note or reserve currency.

“The bill cannot be taken seriously as it’s not an official currency of the alliance,” the article states, reflecting the fractured consensus among member nations.

Concerns about China’s strategic ambitions are also fueling resistance. Some BRICS nations see the currency push as a tool for Chinese influence, rather than a truly cooperative initiative. Meanwhile, Russia and Iran, under heavy U.S. sanctions, are eager to bypass the dollar and see BRICS as a lifeline for economic sovereignty.

A Symbol of Aspiration—But Not of Monetary Reality

While the mock note has captured global attention, it holds no real monet<!-- GAM 71161633/DNARCPS_dinarrecaps/blog_posts_karen -->

<div data-fuse="23035929188"></div>ary value. It cannot be traded, exchanged, or used in commerce. For now, it serves as a visual symbol of de-dollarization ambitions, rather than a concrete policy step.

Nonetheless, the display underscores the political weight behind the BRICS monetary agenda, even if practical implementation remains distant.

“There is no other option but to rely on other forms of payment than the US dollar,” notes the article, summarizing the urgency for some member states.

What Comes Next?

Until all member states align ideologically, a BRICS reserve currency remains more of a diplomatic tool than an economic reality. But these repeated symbolic gestures—especially from Moscow—signal that de-dollarization remains front and center on the bloc’s agenda.

Whether the 200-denominated note will evolve into a genuine instrument of trade or remain a propaganda image depends on how internal rifts are resolved.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

Brazilian President Lula Proposes BRICS Develop New Trade Currency
Lula calls for a new settlement mechanism to counter austerity and restore multilateral order

▪️ Brazilian President Luiz Inácio Lula da Silva has renewed calls for the creation of a BRICS trade currency.
▪️ Lula emphasized that while politically complex, a common trade unit is “extremely important” for global balance and humanity’s future.
▪️ The proposal emerged during the 10th annual New Development Bank (NDB) meeting, where Lula pushed for new financing models and monetary independence.

Speaking at the 10th meeting of the New Development Bank, Lula made an emphatic plea to the BRICS bloc to develop a shared trade currency, aiming to disrupt current global settlement systems and reduce dependence on the U.S. dollar. He presented the idea as part of a broader push to combat austerity-driven policies imposed by world powers on emerging and developing economies.

“The debate over the need for a new trade currency is extremely important. It’s complex… but if people don’t find a new formula, the 21st century will end the same way the 20th century began—and that will not be beneficial for humanity.”

Lula’s Vision: Trade, Multilateralism, and Global Equity

In line with his long-standing commitment to multilateralism and free trade, Lula argued that the current system no longer serves the needs of the global South. He called on NDB President Dilma Rousseff to work with international financial institutions to design new financing and monetary alternatives.

Lula also warned that failure to act now could weaken global democracy:

“Multilateralism is facing its worst moment since its inception after World War II,” he noted.

The concept of a BRICS currency is not new, but it has consistently faced resistance—mainly due to political divergence within the bloc. So far, BRICS has instead pursued national currency-based trade settlements as a transitional step.

Global Impact and U.S. Response: A Dollar Under Threat?

The significance of such a currency is not lost on geopolitical actors. Even Donald Trump weighed in late last year, warning that any BRICS nation issuing a new currency or abandoning the U.S. dollar would face punitive tariffs up to 100%.

“They should expect to say goodbye to selling into the wonderful U.S. economy,” Trump threatened, underlining U.S. concern about losing monetary dominance.

This reinforces how the mere possibility of a BRICS trade unit could have major geopolitical and market implications, particularly for U.S. dollar hegemony in international trade.

What Comes Next?

Although Lula’s proposal remains in its early stages, it is gaining traction amid growing dissatisfaction with dollar dependency—especially among sanctioned economies like Russia and Iran, and rising powers like China.

The debate over a common BRICS trade currency is now not just economic—but existential, as it reflects deeper questions about the future of global governance and financial sovereignty.

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

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The Silent Financial Reset: What ISO 20022 Really Means

The Silent Financial Reset: What ISO 20022 Really Means

Miles Harris:  7-6-2025

A new financial language is being adopted across the globe. It is silent, technical, and largely unnoticed by the public. Yet it is shaping the future of money itself.

 That language is ISO 20022.

It is not a policy or a treaty. It is a structural shift that enables central banks, sovereign states, and financial institutions to redesign how value moves.

The standard was first designed in the early 2000s by the International Organization for Standardization. It was tested over the following years across pilot infrastructures and selected payment systems.

 By 2004, it was formally introduced. Its adoption was initially limited, but its potential became clear as financial systems evolved.

Now, two decades later, ISO 20022 is becoming the global backbone for digital value exchange.

00:00 The Silent Code Reshaping Global Finance

 01:23 Two Directions; One Pipeline

02:04 Who Really Controls the Pipes?

 02:58 CBDCs: The Power Tool ISO 20022 Was Built For?

 04:10 Escaping the Dollar without leaving the system

05:08 Metadata: The Surveillance Layer No One Voted For

06:00 Money With Rules: When Policy Becomes Code

06:45 One Standard, Many Flags

https://www.youtube.com/watch?v=I8tXQEe-7CU

MilitiaMan & Crew: Iraq Dinar- The Future Iraq Dinar: Investment Opportunities & Economic Progress

MilitiaMan & Crew:  Iraq Dinar- The Future Iraq Dinar: Investment Opportunities & Economic Progress

7-5-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

In this exciting episode, we explore how Iraq is opening its doors to foreign investments, creating a vibrant environment for global investors.

With the recent introduction of a national car designed to be purchased using the dinar, Iraq is taking significant strides toward economic independence and innovation.

We also discuss the successful management of the country's financial and economic policies, showcasing how Iraq is stabilizing its economy and fostering growth.

Additionally, we highlight a landmark agreement between Baghdad and Erbil aimed at resolving the ongoing export and salary crisis, paving the way for a more unified and prosperous Iraq.

 Join us as we unpack these developments and what they mean for the future of the Iraq Dinar and the overall economy.

https://www.youtube.com/watch?v=S2r71hLzkHU