Iraq Economic News and Points to Ponder Sunday Evening 1-26-25

Iraq .. Discovery Of The Largest Oil Storage In The Center Of The Country With Two Billion Barrels
 
Economy    Iraq    Breaking    Oil  2025-01-20 Shafaq News/ The Central Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the southern East Baghdad field.  The general manager of the company, Eng. Mohamed Yassin Hassan, stated in a statement received by Shafaq News. 

The main exploratory well tests in the eastern Baghdad field have achieved great success, as a highly productive oil flow of medium and light oil was obtained.  It is expected to add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq.

The Director-General indicated that initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil. Yassin praised the fruitful cooperation between the Iraqi engineers at the Central Oil Company and their counterparts at the Chinese company EBS, which resulted in careful planning and strict implementation of well testing procedures in the areas located within the oil field.
 
This discovery acquires a strategic importance, as it is added to the oil balance of Iraq, which ranks fifth globally in confirmed reserves.
 
This achievement also comes to enhance the productive capabilities of Iraq, one of the founding and influential members of the Organization of Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.  
  
https://shafaq.com/ar/اقتصـاد/العراق-اكتشاف-كبر-خزين-نفطي-في-وسط-البلاد-بملياري-برميل  

Al-Alaq Meets An Official Delegation From The United States

Economy - 01/26/2025   Mawazine News – Baghdad   The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Sunday, that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

A statement issued by the media office of the Central Bank of Iraq, received by Mawazine News, stated that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received the Vice President of the American Chamber of Commerce, Steve Lutes, and the President of the American-Iraqi Business Council and his accompanying delegation in Baghdad."

He pointed out that "the meeting discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the American Chamber of Commerce and American companies next April."

He continued that "the meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq. The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in foreign transfers through correspondent banks."

The governor stressed during the meeting that "the Central Bank of Iraq supports the path of economic growth in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks," noting "the importance of diversification in investment sectors."https://www.mawazin.net/Details.aspx?jimare=259035

Stability Of The Dollar Exchange Rate Against The Dinar In Baghdad And Erbil

01/26/2025   Mawazine News – Economy   The US dollar exchange rate stabilized against the Iraqi dinar on Sunday in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.

The dollar exchange rate also stabilized with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, recording 150.800 dinars per 100 dollars, the same prices recorded this morning.

The selling prices stabilized in exchange shops in the local markets in Baghdad, where the selling price reached 151.750 dinars per 100 dollars, while the purchase price reached 149.750 dinars per 100 dollars.

In Erbil, the dollar also stabilized, where the selling price reached 150.700 dinars per 100 dollars, and the purchase price reached 150.600 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=259046

Iraq's Oil Exports To America Rise During The Week

Energy   Economy News – Baghdad  The US Energy Information Administration announced today, Sunday, that Iraq's oil exports to America increased during the past week.

The administration stated, in a table reviewed by "Al-Eqtisad News", that "the average US imports of crude oil during the past week from 9 major countries amounted to 6.064 million barrels per day, an increase of 109 thousand barrels per day from the previous week, which amounted to 5.964 million barrels per day."

She added that "Iraq's oil exports to America amounted to 218 thousand barrels per day last week, an increase of 66 thousand barrels per day from the previous week, which amounted to 152 thousand barrels per day."

The administration indicated that "the largest oil revenues for America during the past week came from Canada at a rate of 4.329 million barrels per day, followed by Venezuela at an average of 416 thousand barrels per day, then Colombia at 286 thousand barrels per day, and Saudi Arabia at 256 thousand barrels per day."

According to the table, "the amount of US crude oil imports from Mexico amounted to 244 thousand barrels per day, from Nigeria 156 thousand barrels per day, from Brazil 138 thousand barrels per day, and from Libya 30 thousand barrels per day."   https://economy-news.net/content.php?id=52286

Gold Prices Stabilize In Baghdad

Economy | 01/26/2025   Mawazine News – Baghdad   Gold prices witnessed stability in the wholesale markets of Al-Nahr Street in the capital, Baghdad, where the selling price of one mithqal of 21 karat Gulf, Turkish and European gold was recorded at 584 thousand dinars, and the purchase price was 580 thousand dinars.

The selling price of one mithqal of 21 karat Iraqi gold was recorded at 554 thousand dinars, and the purchase price was 550 thousand.

In goldsmiths’ shops, the selling price of one mithqal of 21 karat Gulf gold ranged between 585 thousand and 595 thousand dinars, while the selling price of one mithqal of Iraqi gold ranged between 555 thousand and 565 thousand dinars.   https://www.mawazin.net/Details.aspx?jimare=259024

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

9 Important Financial Emergencies and How To Deal With Them

9 Important Financial Emergencies and How To Deal With Them

Personal Finance - Janice Friedman

DO YOU HAVE AN EMERGENCY FUND?

Have you ever encountered a financial emergency? What was it about, and how did you deal with it? Here, we will explore some of the most common financial emergencies and how to deal with them.

9 Important Financial Emergencies and How to Deal with Them

Have you ever been in a situation that requires you to use some finances which you had not anticipated?  In life, we’re sometimes faced with sudden inevitable occurrences.  Whether a sudden sickness, job loss, or sudden demise of a loved one, different financial emergences occurrences require us to dig our pockets deeper to fix them.

I’ve been using Personal Capital to plan for a financial emergency. I can use it to monitor my emergency fund and see how much cash is embedded in my net worth. Best part it’s completely free to use.

Financial freedom is all about having the flexibility to live completely free without any burden even if there is an emergency. Even if you’ve achieved financial freedom, building some sort of buffer in your financial plan for financial emergencies is important.

Before we explore more on the different types of financial emergencies and ways to deal with them, let’s look at what a financial emergency is first.

So, What are Financial Emergencies?

Financial emergencies are unexpected situations that require one to use some money that they didn’t intend. What happens when you find yourself in need of cash abruptly from an unanticipated event is what is referred to as a financial emergency.

If not resolved on time, it can pose immediate grave repercussions. These emergencies can occur at any time and in any circle of life, including at home, and work and more.

Since you can’t prevent some of these emergencies, the prudent thing to do would be to plan for them. That is, make sure that when the unexpected event occurs, you have some cash stashed somewhere to cushion you from the impact.

Although you cannot entirely plan for everything, having a fall back plan or some backup is always crucial.

List of Most Common Financial Emergencies

Here are 9 of the most severe financial emergencies you are likely to encounter.

Major Medical Emergencies

Some health or medical emergencies are beyond our control, and no matter how much we try to stay healthy and fit, they still occur. Although we all want to believe that we won’t get sick, planning for such things before they happen is the best thing to do.

 TO READ MORE: https://millionairemob.com/financial-emergencies/

Seeds of Wisdom RV and Economic Updates Monday Morning 1-27-25

Good Morning Dinar Recaps,

XRP LAWSUIT: EXPERT REVEALS POSSIBLE REASON BEHIND RIPPLE’S REQUESTED DEADLINE IN SEC CASE

▪️Ripple requests April 16, 2025 deadline for SEC appeal, as legal battle with the SEC continues to shape XRP’s future.

▪️SEC’s appeal could bring setbacks for Ripple, but new leadership and strong legal defense may change the game.

The legal battle between Ripple and the SEC continues to be one of the most closely watched in the crypto world. Recently, Ripple requested a deadline of April 16, 2025, to respond to the SEC’s appeal. This could mean a prolonged period of uncertainty for XRP, but Ripple is standing firm.

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The SEC recently filed its appeal, signaling that they aren’t backing down, even after Gary Gensler’s departure from the SEC. However, Ripple’s legal team remains confident. They believe the SEC’s appeal is a rehashed argument and are hopeful that a new administration might just drop the case.

Legal expert, Jeremy Hogan, has also criticized the SEC’s case, stating that they still haven’t proven that XRP buyers expected profits from Ripple’s efforts. The SEC’s case may have weak spots, but as always, this is far from over.

When former SEC lawyer Marc Fagel was asked about Ripple’s deadline on social media, the attorney replied and explained saying,

Pretty standard for lawyers to seek the maximum time allowed. Though I don’t think there’s any doubt they’re also allowing time for a new SEC leadership to resolve the case before they have to file the brief. (Which, again, is a highly unusual thing to happen but seems likely.)

Why does this matter? If the SEC wins the appeal and XRP is classified as a security, Ripple could face even more legal hurdles, which could slow down their progress and partnerships.

This would be a setback for Ripple’s expansion, especially in markets like Asia, the Middle East, and Europe. On the other hand, Ripple has already made strides in international markets, and their cross-border payment solutions remain some of the most efficient in the crypto space.

FAQs
What happens if the SEC wins the XRP lawsuit appeal?
If the SEC wins, XRP could be classified as a security, leading to more legal hurdles and potentially harming Ripple’s partnerships.

Is the lawsuit against XRP over?
No, the lawsuit is ongoing, with Ripple and the SEC engaged in appeals and responses that could take years to resolve.

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What happened to XRP just now?
XRP’s value or status might have shifted due to legal updates, market reactions, or news. Stay updated for the latest developments.

@ Newshounds News™

Source:  Coinpedia

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BRICS: WHY EXPERTS SAY US DOLLAR’S GLOBAL RESERVE DAYS MAY BE NUMBERED

Amid the ongoing de-dollarization efforts embraced by the BRICS alliance, experts have begun to state that the US dollar’s days as a global reserve asset may be numbered. Although the currency is at a new record high, economists have noted things do not look as promising in the long term.

Analysts and experts have gathered at the World Economic Forum in Davos, Switzerland. It was there that US President Donald Trump, inaugurated Monday, noted the United States would be the “world capital” of both AI and crypto. Those efforts may come to fruition, but the nation is clearly losing ground regarding its greenback as the world’s currency.

US Dollar Dominance Coming to an End? Why Economists Aren’t Keen on Its Long-Term Outlook

The geopolitical tensions over the US dollar have reached a fever pitch in recent years. The BRICS alliance has continued to seek ways to promote local currencies in trade. 

That has only drawn the ire of US President Donald Trump. In retaliation, he has threatened the presence of 100% tariffs and even discussed the creation of an external revenue service.

Yet, those tensions are separate from how experts perceive the global reserve currency. Although it has been the world’s currency since post-World War II, nothing stays the same forever. Now, amid BRICS and other regions’ actions against it, economists warn that the US dollar’s days as a global reserve currency are numbered.

In a recent session at the World Economic Forum called ‘State of Play: US Dollar,’ a panel of experts discussed the greenback. Although they note it will remain the global reserve in the coming years, that will undoubtedly change. Specifically, due to the “exorbitant privilege” that it holds, according to Harvard economist Kenneth Rogoff.

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“Both parties in the United States seem to think that debt is a free lunch,” he said. Additionally, he noted that interest payments on federal debt have officially surpassed the entire US defense budget. Yet, the currency still stands at a record high, reaching levels not seen since the mid-1980s or early 2000s.

The panel notes that it is bound to fall; the question is, how hard? Economic analysts from the World Forum note that “extreme fragmentation of the financial system could decrease global GDP by roughly 5%—more than the setbacks caused by the 2008 financial crisis.” 

They ultimately believe a multipolar system will replace US dominance. Yet, the hope is that the change can come gradually and not suddenly.

@ Newshounds News™

Source:  Watcher Guru

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FED STICKS TO RATES AS INFLATION PERSISTS AND TRUMP’S POLICIES LOOM LARGE

▪️The Fed is likely to maintain interest rates during its upcoming announcement.

▪️Persistent inflation and labor market recovery are key factors in the Fed's decision.

▪️Trump's policies add complexity to the Fed's inflation outlook and decision-making

The Federal Reserve (Fed) is expected to announce its interest rate decision on Wednesday at 22:00 Turkish time, maintaining the policy rate in the 4.25-4.50% range. Market experts predict that the Fed will insist on keeping rates stable as it awaits clearer signals regarding the declining trend in inflation.

According to CME Group’s FedWatch data, the likelihood of no change in rates stands at over 99%. If this expectation holds true, it will mark the first “pause” in rate adjustments since September 2024.

@ Newshounds News™

Read more:  Coin Turk 

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“Tidbits From TNT” Monday Morning 1-2-7-2025

TNT:

Tishwash:  Saudi Cafe Chain Opens First Branch in Iraq

Saudi Arabia cafe chain Kyan Café has opened its first branch in Iraq.

The outlet in Basra will initially open from 2:00pm until midnight, but has plans to extend this to 24 hours.

It is Kyan's 356th store worldwide.  link

Tishwash:  Article 140 is close to resolving the transactions of deportees and arrivals in Kirkuk

The Article 140 Committee in Kirkuk announced on Monday that there are approximately 2,500 deportees and 2,000 expatriates whose financial dues allocated by Baghdad are being disbursed by the committee, while it confirmed that the government is paying attention to resolving these files by allocating a budget estimated at about 100 billion annually to pay these special dues.

The director of the Article 140 Committee in Kirkuk, Hardi Khader, told Shafak News Agency,   "The committee was able to complete 2,969 exchange transactions for expatriates and 1,699 exchange transactions for Kurdish deportees during the years 2023 and 2024. There are transactions ready for disbursement, about 5,728 for deportees and 3,931 transactions for expatriates, and these transactions are updated."

Khader added, "The Supreme Committee for Article 140 in Baghdad is the one that allocates the budget and allocates the amounts for the bonds by it, where an amount of 100 billion is allocated annually to cover the disbursement of compensation to the displaced Kurds and Arabs arriving in Kirkuk."

He added that "the committee is working to facilitate the work of the deported Kurdish and Arab visitors who meet the conditions, and the transaction is submitted to the general headquarters to disburse their financial dues through cheques organized for that purpose."

Article 140 stipulates the cancellation of the demographic change policies pursued by Saddam Hussein’s regime in the disputed areas in favor of the Arabs at the expense of the Kurds, and then a census of the population before the final step, which is to hold a referendum in which the population determines whether they wish to join the Kurdistan Region or remain under the administration of Baghdad.

The implementation stages of the article were scheduled to be completed by the end of 2007, but security and political problems prevented this .

In 2019, the Federal Supreme Court ruled that Article 140 of the Iraqi Constitution would remain in effect, stressing that this would continue until its requirements were implemented and the purpose of its legislation was achieved  link

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Signing a memorandum of understanding to establish Iraqi companies with joint capital with the Emirates

Financial cooperation between Baghdad and Abu Dhabi

Prime Minister Mohammed Shia Al-Sudani sponsored, today, Monday, the signing of a memorandum of understanding between the Iraqi Securities Commission and the Abu Dhabi Securities Market, to enhance cooperation and financial services. In light of the memorandum, Emirati investments will be encouraged in establishing Iraqi companies with Emirati-Iraqi capital, and research into trading them in both markets.

Al-Sudani's office in a statement:

Prime Minister Mohammed Shia Al-Sudani received today, Monday, the CEO of the Abu Dhabi Securities Market, Mr. Abdullah Salem Al-Nuaimi.

During the meeting, ways of joint cooperation in the field of exchanging expertise and developing mechanisms for expanding private sector activities to achieve economic growth were discussed.

The Prime Minister sponsored the signing ceremony of a memorandum of understanding between the Securities and Exchange Commission and the Abu Dhabi Securities Market. The agreement was signed on the Iraqi side by the Chairman of the Securities and Exchange Commission, Mr. Faisal Wissam Al-Haims, and on the Emirati side by Mr. Abdullah Al-Naimi.

The MoU includes axes of cooperation in several areas, the most important of which are enhancing and developing the monitoring of daily trading in the market, and brokerage firms, cooperation in the field of dual listing conditions and mechanisms, and in developing and using technological applications and applications and mechanisms for subscriptions and initial listings, as well as in the field of cases of suspending trading on shares and timings for re-trading, and the requirements for licensing REIT funds.

The memorandum also included the exchange of expertise in the field of training, especially the activities of supervision and information technology, trading and clearing, digital transformation and financial analysis, depositing, managing funds and portfolios and supervising them, cooperation in the field of Islamic bonds and sukuk, depositing, settlement and independent financial services, and the requirements and mechanism for opening accounts for foreign investors from outside the country.

In light of the memorandum, Emirati investments will be encouraged in establishing Iraqi companies with Emirati-Iraqi capital, and their trading in both markets will be explored.  link

Mot:  Say -- What!!!! 

Mot: its a marital Thingy - That Guys Will NEVER understand!!! -- 

MilitiaMan & Crew Iraq Dinar News-International Role & Companies-Development Renaissance-Trade- FX-Trade-WTO

MilitiaMan & Crew Iraq Dinar News-International Role & Companies-Development Renaissance-Trade- FX-Trade-WTO

1-26-2025

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

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

https://www.youtube.com/watch?v=VTdPlvGHI7c

Some “Iraq News” Posted by Clare at KTFA 1-26-2025

KTFA:

Clare:  Central Bank of Iraq announces support for US investment opportunities

1/26/2025

 The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received on Sunday an official delegation from the United States headed by Steve Lutes, Vice President of the American Chamber of Commerce and President of the US-Iraq Business Council, in the capital, Baghdad.

A statement issued by the bank's media, received by Shafaq News Agency, stated that the meeting discussed strengthening banking and economic relations between Iraq and the United States, in addition to the upcoming visit of the Central Bank of Iraq delegation to Washington next April, which will include meetings with the American Chamber of Commerce and American companies.

Al-Alaq pointed out the desire of American companies to invest in the fields of energy, infrastructure and modern technology, stressing the importance of investing in the security stability witnessed by Iraq. The Governor of the Central Bank confirmed Iraq's support for the path of economic growth, with the provision of the necessary support to international companies, including American companies and banks, stressing the need for diversification in investment fields.

The two sides also discussed the mechanisms of international trade, and the process of Iraq's transition to full operation in foreign transfers through correspondent banks..LINK

Clare: The Central Bank receives an American delegation and discusses with it Iraq's foreign transfers

1/26/2025 Baghdad

The Governor of the Central Bank of Iraq, Ali Al-Alaq, met with an American delegation in the capital, Baghdad, on Sunday, and discussed with him how Iraq can move to fully operate in foreign transfers through correspondent banks.

The Central Bank said in a statement received by "Al-Eqtisad News" that "Al-Alaq received Steve Lutes, Vice President of the US Chamber of Commerce and President of the US-Iraq Business Council and his accompanying delegation in Baghdad."

According to the statement, during the meeting, they discussed banking and economic relations between the two countries, the upcoming visit of the Central Bank of Iraq delegation to Washington, and their meeting with the US Chamber of Commerce and American companies next April.

The meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq, as indicated in the statement. 

The statement conveyed Al-Alaq's confirmation that the Central Bank "supports the path of economic growth in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks," noting "the importance of diversification in investment sectors."

The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operate in foreign transfers through correspondent banks, according to the statement.  LINK

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Clare: Governor of the Central Bank: We provide the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

1/26/2025

The Governor of the Central Bank, Ali Al-Alaq, confirmed that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

The Central Bank of Iraq stated in a statement: "The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met today with the Vice President of the American Chamber of Commerce, Steve Lutes, and the President of the American-Iraqi Business Council and his accompanying delegation in Baghdad."

He pointed out that "the meeting discussed the banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the American Chamber of Commerce and American companies next April."

He continued that "the meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq. The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in external transfers through correspondent banks."

During the meeting, the governor stressed that "the Central Bank of Iraq supports the economic growth process in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks," noting "the importance of diversification in investment sectors."  LINK

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Claare: Minister of Trade calls for holding a "Made in America" ​​exhibition in Iraq and the presence of American companies in the Baghdad Exhibition sessions

1/26/2025   Baghdad/  

Minister of Trade Athir Dawood Al-Ghariri discussed with the US Chargé d'Affaires in Baghdad, Ambassador Daniel Rubinstein, Vice President of the US Chamber of Commerce and Chairman of the Iraqi-American Business Council Steve Lutes, and the accompanying delegation, ways to enhance economic and trade relations between Iraq and the United States.

The Ministry of Trade said in a statement, "The Minister stressed during the meeting Iraq's keenness to strengthen its economic relations with the United States within the framework of the government's orientations towards approving and implementing economic reforms to improve the business and investment environment.

Al-Ghariri pointed out, according to the statement, the exceptional efforts made by the Ministry in coordination with government agencies to hold the third round of negotiations for Iraq's accession to the World Trade Organization after a 16-year hiatus, as Iraq submitted files for goods and services and reviewed economic reforms, including the legislation of the Intellectual Property Law.

The Minister explained: "Iraq seeks to simplify the procedures for the work of American companies inside the country to support trade and investment between the two countries," referring to self-sufficiency in local wheat during the past two years, with the continuation of work on the memoranda of understanding signed with the American side related to the country's needs.

He called on American companies to hold a "Made in America" ​​exhibition inside Iraq and organize a forum between the Iraqi and American private sectors to review investment opportunities and available projects, and hoped that American companies would be present in the sessions of the Baghdad International Fair.

For his part, Ambassador Rubinstein expressed his aspiration for more cooperation and openness between the two countries, referring to the economic reforms that Iraq is witnessing to improve the business and investment environment. He also announced preparations for a visit by a delegation of American businessmen to Iraq next April.

In turn, Steve Lutes thanked the Ministry of Commerce for its support for the work of American companies, praising the Iraqi efforts to improve the business environment and encourage investments.

The statement added: "The two parties agreed to enhance cooperation to expand the business base and strengthen economic and trade relations in a way that serves the common interests of the two countries."  LINK

Clare:  Al-Sudani confirms Iraq's readiness to coordinate between regional countries

1/26/2025  Baghdad

Prime Minister Mohammed Shia al-Sudani confirmed, on Sunday, Iraq's readiness to coordinate between the countries of the region, especially with Turkey, regarding developments in the regional arena, reiterating Iraq's rejection of Syria being an arena for conflict.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia Al-Sudani received Turkish Foreign Minister Hakan Fidan, where during the meeting, bilateral relations between the two countries were discussed, and a number of regional and international issues of common interest were discussed, especially developments in the region and events in Syria." 

The statement added, "The meeting discussed the latest developments in Syria, Gaza and Lebanon, and stressed the importance of adhering to the ceasefire."

He continued, "The meeting also discussed the importance of unifying efforts between the countries of the region in order to support its stability. In this regard, the Prime Minister affirmed Iraq's readiness to coordinate between the countries of the region, especially with Turkey, regarding the developments witnessed in the regional arena, reiterating Iraq's rejection of Syria being an arena for the conflict in which it works to establish stability, due to the impact of this on the region in general."

The Prime Minister stressed, according to the statement, "the government's follow-up on the bilateral relations file, and the implementation of the memoranda of understanding that were signed in light of his visit to Ankara last November, as well as within the framework of Erdogan's visit to Baghdad that took place in April of last year."

For his part, Fidan conveyed the greetings of the Turkish President to the Prime Minister, and expressed his country's desire for close coordination with Iraq regarding developments in the region, pointing to the desire to enhance cooperation in bilateral relations, in light of the two mutual visits of Mr. Al-Sudani and the Turkish President.

The Turkish Foreign Minister also reiterated his country's seriousness in working on the Strategic Development Road project, as well as cooperation in light of the memoranda of understanding signed between the two countries in the fields of energy, education, trade exchange, banking cooperation, and other fields.   LINK

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Clare:  Al-Sudani: Economic reforms have raised the level of foreign investments in Iraq

1/26/2025  Baghdad

Prime Minister Mohammed Shia confirmed, on Sunday, that the government has made significant progress in various aspects of economic reform and digital commercial and banking transformation, noting that economic reforms have been able to raise the level of foreign investment in Iraq. 

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia al-Sudani received the Chairman of the US-Iraq Business Council, Vice President of the US Chamber of Commerce Steve Lotus."

He added, "The meeting reviewed trade and cooperation relations between Iraq and the United States, and efforts to prepare for the US Companies Representatives Forum, which will be held in Iraq during this year. The implementation of 18 agreements and memoranda of understanding, which were signed during His Excellency's visit to the United States last year, was also followed up." 

According to the statement, al-Sudani praised "Lotus's efforts in sponsoring and holding forums and meetings, especially with the Iraqi private sector," stressing that "the government has made significant progress in various aspects of economic reform and commercial and banking digital transformation," pointing to the continuation of efforts to legislate the intellectual property law and introduce this concept into school curricula; In order to keep pace with global trade development.

Al-Sudani explained that “economic reforms have raised the level of foreign investment in Iraq, and that American companies are invited to participate in the development renaissance that Iraq is witnessing, and the attractive and business-friendly investment environment.”

For his part, Lutz, according to the statement, praised “the efforts of the Iraqi government in the field of reform, stressing the desire of many American companies to enter the Iraqi market, and to establish promising partnerships with the Iraqi private sector, and to contribute to development and expand the scope of commercial and investment activities.”    LINK

More News, Rumors and Opinions Sundy PM 1-26-2025

Ariel: To the Moon?

To The Moon?

People what did Senator Lummis said she would work all weekend for?

What did I say comes right after XRP regulation?

Not to mention Donald Trump just posted the same thing on his account.

Dan Scavino:  THE GOLDEN AGE OF AMERICA IS OFFICIALLY UNDERWAY

Donald Trump:  THE GOLDEN AGE OF AMERICA BEGINS RIGHT NOW!

https://dinarchronicles.com/2025/01/25/ariel-prolotario1-to-the-moon/

MJTruthUltra: KABOOM! NO INCOME TAX

Trump asks the crowd… How about no tax? (Yuge Smile!)

“We could do that. You know if the tariffs work out, a thing like that could happen if you wanna know the truth.”

He then tells the world that in 1870, we didn’t have income taxes… all the way up til 1913.

What happened in 1913?  (Federal Reserve was formed)

ITS REALLY HAPPENING!

Source(s):
https://x.com/MJTruthUltra/status/1883266849967935692

https://dinarchronicles.com/2025/01/25/mjtruthultra-its-really-happening-no-income-tax/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  This article is March 14, 2023...It says time to get back to the previous era.  What are they talking about?  What was the value of Iraq's dinar in the previous era?  In 1987...the price of 1 dinar was $3.30...I'm not saying a date or rate.  I'm just...giving you an example of what they were like in a previous era...They told us 'the glory days', 'the previous era'.  Remember what al-Sudani said?  He didn't say a time specific about when the dinar was going to be stronger than the dollar, he just said that it was and he told his citizens to be careful...It's all coming full circle.

Mnt Goat  Article:  “HANTOUSH: ELECTRONIC PAYMENT REDUCES THE COST OF PAPER CURRENCY AND SUPPORTS ECONOMIC TRANSPARENCY”   ...in early January 2023, the Finance Committee told us this was their goal to market the electronic payment process and do it in a BIG way. Sounds like their goal was accomplished. I know from my CBI contact that this had to be accomplished to conduct the Project to Delete the Zeros. Dr Shabibi also in 2011 told us this was an integral part of this plan to withdraw nearly 2/3 of the monetary mass in circulation and to conduct the Project to Delete the Zeros. Well…they are telling us now this is successful and done.

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KTFA:

Clare:  Economist: Trump is changing the rules of the economic game through gold

1/26/2025

Economic expert Basem Jamil Antoine considered that the statements of former US President Donald Trump regarding gold reflect “a trend towards speculation instead of focusing on the industry.”

Antoine told {Euphrates News} that: "Trump's recent statements about resorting to gold in the economy may subject this process to speculation by major capitalists and influential people who head to areas of power and profit and convert gold into homes and real estate, away from industrial sectors and production that need a long time to build." 

He added, "The ground from which Trump came is his original work as a speculator and he does not believe in industrial work and the main goal is to achieve profits and gain from the United States from gold, oil or weapons, and this is a non-industrial process."
Antoine explained that "industrialists have a long breath and Trump's breath goes to deals that achieve imaginary profits in a short period of time."
The statements of former US President Donald Trump about gold came in the context of his talk about global economic transformations. 

Trump indicated that the US economy may witness a transformation if there is a greater trend towards using gold as an economic tool, instead of relying on paper currencies. 

He considered that this trend may encourage major capitalists and investors to transfer wealth into gold and real estate, instead of investing in productive sectors that need a long time to grow.

Raghad  LINK

MARKETS A LOOK AHEAD: (TAKE ACTION!) CURRENCY CRISIS. LIQUIDITY CRISIS. ECONOMIC CRISIS.

Greg Mannarino:  1-26-2025

https://www.youtube.com/watch?v=j18jhSfnY_s

Iraq Economic News and Points to Ponder Sunday Afternoon 1-26-25

Al-Sudani: Economic Reforms Have Raised The Level Of Foreign Investments In Iraq

Political |  01/26/2025   Mawazine News – Baghdad  Prime Minister Mohammed Shia'a confirmed, on Sunday, that the government has made significant progress in various aspects of economic reform and digital commercial and banking transformation, noting that economic reforms have been able to raise the level of foreign investment in Iraq.

The Prime Minister's media office said in a statement received by "Mawazine News": "Prime Minister Mohammed Shia'a al-Sudani received the Chairman of the US-Iraq Business Council, Vice President of the US Chamber of Commerce Steve Lotus."

He added, "The meeting witnessed a review of trade and cooperation relations between Iraq and the United States, and efforts to prepare for the US Companies Representatives Forum, which will be held in Iraq during this year, as well as following up on the implementation of 18 agreements and memoranda of understanding, which were signed during His Excellency's visit to the United States last year.

" Al-Sudani praised - according to the statement - "Lotus's efforts in sponsoring and holding forums and meetings, especially with the Iraqi private sector," stressing that "the government has made significant progress in various aspects of economic reform and digital commercial and banking transformation," pointing to the continuation of efforts to legislate the intellectual property law and introduce this concept into school curricula; In order to keep pace with global trade development.

Al-Sudani explained that “economic reforms have raised the level of foreign investment in Iraq, and that American companies are invited to participate in the development renaissance that Iraq is witnessing, and the attractive and business-friendly investment environment.”

For his part, Lotus praised - according to the statement - “the efforts of the Iraqi government in the field of reform, stressing the desire of many American companies to enter the Iraqi market, and to establish promising partnerships with the Iraqi private sector, and to contribute to development and expand the scope of commercial and investment activities.”  https://www.mawazin.net/Details.aspx?jimare=259048

 Governor Of The Central Bank: We Provide The Necessary Support To International Companies Wishing To Invest In Iraq, Including American Companies And Banks.

Sunday 26 January 2025 | Economic Number of readings: 332   Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, confirmed that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

The Central Bank of Iraq stated in a statement: "The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met today with the Vice President of the American Chamber of Commerce, Steve Lutes, and the President of the American-Iraqi Business Council and his accompanying delegation in Baghdad."

He pointed out that "the meeting discussed the banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the American Chamber of Commerce and American companies next April."

He continued that "the meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq. The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in external transfers through correspondent banks."

During the meeting, the governor stressed that "the Central Bank of Iraq supports the economic growth process in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks," noting "the importance of diversification in investment sectors." /End     https://ninanews.com/Website/News/Details?key=1182121

Minister Of Trade Calls For Holding A "Made In America" ​​Exhibition In Iraq And The Presence Of American Companies In The Baghdad Exhibition Sessions

Sunday 26 January 2025| Economic Number of readings: 158   Baghdad/ NINA / Minister of Trade Athir Dawood Al-Ghariri discussed with the US Chargé d'Affaires in Baghdad, Ambassador Daniel Rubinstein, Vice President of the US Chamber of Commerce and Chairman of the Iraqi-American Business Council Steve Lutes, and the accompanying delegation, ways to enhance economic and trade relations between Iraq and the United States.

The Ministry of Trade said in a statement, "The Minister stressed during the meeting Iraq's keenness to strengthen its economic relations with the United States within the framework of the government's orientations towards approving and implementing economic reforms to improve the business and investment environment.

Al-Ghariri pointed out, according to the statement, the exceptional efforts made by the Ministry in coordination with government agencies to hold the third round of negotiations for Iraq's accession to the World Trade Organization after a 16-year hiatus, as Iraq submitted files for goods and services and reviewed economic reforms, including the legislation of the Intellectual Property Law.

The Minister explained: "Iraq seeks to simplify the procedures for the work of American companies inside the country to support trade and investment between the two countries," referring to self-sufficiency in local wheat during the past two years, with the continuation of work on the memoranda of understanding signed with the American side related to the country's needs.

He called on American companies to hold a "Made in America" ​​exhibition inside Iraq and organize a forum between the Iraqi and American private sectors to review investment opportunities and available projects, and hoped that American companies would be present in the sessions of the Baghdad International Fair.

For his part, Ambassador Rubinstein expressed his aspiration for more cooperation and openness between the two countries, referring to the economic reforms that Iraq is witnessing to improve the business and investment environment. He also announced preparations for a visit by a delegation of American businessmen to Iraq next April.

In turn, Steve Lutes thanked the Ministry of Commerce for its support for the work of American companies, praising the Iraqi efforts to improve the business environment and encourage investments.

The statement added: "The two parties agreed to enhance cooperation to expand the business base and strengthen economic and trade relations in a way that serves the common interests of the two countries." / End   https://ninanews.com/Website/News/Details?key=1182141

The Competencies And Tasks Of The Directorate
 
January 23, 2025      The competencies and tasks of the directorate 
 
    - Licensing non-banking financial institutions
 
All licensing applications are carefully examined according to the principle of equality between all requests, in order to ensure the availability of conditions that allow
 
     competition in the Iraqi market and
     keep pace with rapid developments in the global and local financial sectors, while
     achieving the utmost efficiency and transparency.
 
    Supervising and controlling non-bank financial institutions.
 
        This directorate works as a supervisory authority, as it adopts a flexible and contemporary monitoring approach that enables it to supervise and monitor to ensure success in the Iraqi financial sector.   https://cbi.iq/news/view/2766    

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

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 1-26-25

Good Afternoon Dinar Recaps,

SEC REVOKES CRYPTO ACCOUNTING RULE FOLLOWING PRESIDENTIAL TRANSITION

While crypto advocates cheer the SEC’s decision, skeptics like Jacob King warn that the industry’s shift toward bank custody contradicts Bitcoin’s original vision of decentralization.

▪️In a dramatic policy shift, the SEC has revoked a crypto regulation that once shackled banks and custodians, marking a fresh start under the new administration.

▪️The controversial rule, introduced in 2022, had drawn fierce criticism from industry leaders who saw it as an unnecessary hurdle for financial institutions dealing with digital assets.

▪️Under Biden’s SEC, crypto firms found themselves entangled in legal battles, with enforcement actions reaching record highs before tapering off in the final months of Gensler’s tenure.

In a significant policy reversal, the United States Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin No. 121 (SAB 121), a controversial accounting guideline that mandated companies holding digital assets for clients to record these holdings as liabilities on their balance sheets.

The revocation came shortly after President Donald Trump’s inauguration, signaling a shift in the regulatory approach toward the emerging economy.

Background and Industry Reaction

Enacted during President Joe Biden’s administration in March 2022, SAB 121 aimed to enhance transparency and risk management in the burgeoning crypto sector. However, industry stakeholders criticized the rule for imposing burdensome reporting requirements, complicating the custody of digital assets, and increasing compliance costs.

The banking sector also expressed concerns, noting that the rule hindered their ability to serve as secure custodians for digital assets.

The recent revocation has been met with approval from crypto advocates. SEC Commissioner Hester Peirce, known for her pro-crypto stance, celebrated the decision by posting on X (formerly Twitter):

“Bye, bye SAB 121! It’s not been fun.”

Criticism from Outside the Crypto Industry

Despite the positive reception within the crypto community, the repeal has faced criticism from some financial analysts.  Jacob King, CEO of WhaleWire, claims the crypto advocates are wrong for believing the revocation would allow banks to custody Bitcoin BTC for customers.

In response, Carl Horton countered the tweet, noting that many still want loans using their BTC as collateral:

“Some people, like children and the elderly, need custodians. Others want smooth inheritance transfers and others want loans using their BTC in custody as collateral. BTC is freedom money and you can interact with it any way you want.”

Previous SEC Actions Against the Crypto Industry

Meanwhile, under the leadership of former SEC Chair Gary Gensler during the Biden administration, the SEC adopted a stringent regulatory stance toward the cryptocurrency sector.

The agency initiated numerous enforcement actions against crypto companies, alleging violations such as fraud and unregistered securities offerings.

While these measures were intended to protect investors and maintain market integrity, critics argued that the aggressive approach stifled innovation and created an uncertain regulatory environment.

A report by Cornerstone Research highlighted that the SEC’s crypto-related enforcement actions declined by 30% in Gensler’s final year, with 33 actions initiated compared to 47 the previous year.

Despite the decrease, monetary penalties reached a record high, underscoring the agency’s continued focus on regulating the crypto industry.

The recent policy changes, including the revocation of SAB 121 and the establishment of a crypto task force under the new administration, suggest a potential shift toward a more balanced regulatory framework that fosters innovation while ensuring investor protection.

@ Newshounds News™

Source:  CoinSpeaker

~~~~~~~~~

EUROPEAN CENTRAL BANK PUSHING FOR DIGITAL EURO TO COUNTER TRUMP’S SUPPORT FOR STABLECOINS: REPORT

The European Union’s central bank is reportedly pushing for a digital euro to counter US President Donald Trump’s embrace of dollar-pegged private sector stablecoins.

European Central Bank (ECB) board member Piero Cipollone said at a conference on Friday that Trump’s new executive order on crypto could drive people away from banks, Reuters reports.

“I guess the key word here (in Trump’s executive order) is worldwide. This solution, you all know, further disintermediates banks as they lose fees, they lose clients… That’s why we need a digital euro.”

Earlier this week, President Donald Trump signed an executive order to evaluate the creation of a strategic national Bitcoin (BTC) and crypto stockpile.

The order also calls for the government to “promote the development and growth of lawful and legitimate” dollar-pegged stablecoins created in the private sector.

It further mandates that federal agencies halt any actions related to the development of a government-backed digital version of the dollar, otherwise known as a central bank digital currency (CBDC).

The administration’s new leadership at the U.S. Securities and Exchange Commission (SEC) also rescinded Staff Accounting Bulletin 121, a controversial rule that forced banks to identify crypto assets held on behalf of their customers as liabilities on their balance sheets.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

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No More Taxes, Prepare to Eliminate Income Taxes

No More Taxes, Prepare to Eliminate Income Taxes

Snyder Reports:  1-25-2025

The prospect of a world without income tax has long been a political fantasy, whispered in the corners of libertarian forums and economic think tanks.

Now, that fantasy has been thrust into the mainstream as President Donald Trump reportedly explores a radical proposal: eliminating federal income tax and replacing it with revenue generated solely from import tariffs.

The idea, which has been circulating among some of Trump’s advisors, hinges on the notion that a sufficiently high tariff on foreign goods could generate enough revenue to fund the government, effectively making income tax obsolete.

 This would represent a monumental shift in the American tax system, moving away from direct taxation of citizens’ earnings towards a consumer-based model that taxes the influx of foreign products.

The appeal of such a proposal is evident. For many Americans, the income tax is a complex and often resented burden. Eliminating it would undoubtedly be a popular move, instantly putting more money in the hands of individuals and businesses.

 Furthermore, proponents argue that a tariff-based system could encourage domestic manufacturing, making American products more competitive and reducing reliance on overseas production.

It’s important to emphasize that this proposal is still in the discussion phase.

While the idea has gained attention, there are few concrete details and many unanswered questions. Economic experts across the spectrum have expressed significant skepticism about the practicality and potential consequences of such a significant shift in the tax system.

Some see this as a trial balloon, a way to gauge public reaction to a controversial idea. Others see it as a political maneuver, intended to stoke populist sentiment and drive support for a particular political platform.

The idea of eliminating income tax using tariffs is undoubtedly a radical one that has captured the attention of the political and economic conversation. While the prospect of a tax-free income is enticing, the potential economic fallout and logistical challenges are deeply concerning.

This proposal highlights the need for a broader conversation about our tax system and its impact on the economy, fairness, and global relations.

Whether it’s a viable policy option or not, it forces us to consider different approaches to funding the government and the potential consequences of drastic change. As with all bold ideas, careful evaluation, thoughtful debate, and realistic consideration of all potential repercussions are essential.

https://youtu.be/LmnmNPlQ8cY

Iraq Economic News and Points to Ponder Late Saturday Evening 1-25-25

President Of The Republic Abdul Latif Jamal Rashid : We Cooperate With Many Countries To Invest In Iraq

Money and business  Economy News – Baghdad   The President of the Republic, Abdul Latif Jamal Rashid Al-Bast, confirmed that Iraq cooperates with a large number of countries in the region and European countries for investment, expressing his hope that President Trump will succeed in what he proposed regarding ending wars in all parts of the world.

The President of the Republic said in a press interview, followed by "Al-Eqtisad News", that "our presence at the Davos Economic Forum is to give an impression of the current situation in Iraq and the Middle East, which concerns everyone, and as you know now the situation in Syria is a new situation, and in Lebanon a government has recently been formed and we hope that they will succeed in their efforts."

The President of the Republic added: "We emphasized at the Davos Forum the good security situation in Iraq, the good relations with neighboring countries, and the focus on services provided to the Iraqi people, and at the same time improving the infrastructure, and we cooperate with a large number of countries in the region and European countries to invest in Iraq and implement service projects and necessary for the Iraqi people."

He stressed that "Iraq is an independent state, and decisions are in the hands of the Iraqi state, and our relations are good with all countries, and Iraq's decision is independent and based on our independence, and for us and for all Iraqis, government and people, the independence of Iraq is more important than anything now and in the future."

The President of the Republic expressed his hope that "President Trump will succeed in what he proposed regarding ending wars in all parts of the world, and we are very comfortable with this statement, and we hope that it will be implemented, and it will push towards political solutions."

He concluded by saying: "I am optimistic about Iraq, because we have made good political decisions, the system in Iraq is good, and we now have security stability, which is one of the most important needs, and we are continuing with the program to improve services and infrastructure and develop our relations with neighboring countries and the world."https://economy-news.net/content.php?id=52267

Dollar Prices Close High In Baghdad And Erbil At The Beginning Of The Week

Economy |  01/25/2025  Mawazine News – Baghdad  The dollar prices rose in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Saturday, with the closing of the stock exchange at the beginning of the week.

The dollar prices also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 150.850  Iraqi dinars for every 100 dollars, while the prices were 150.700 dinars for every 100 dollars this morning. Our correspondent indicated that the selling prices in the exchange shops in the local markets in Baghdad stabilized, as the selling price reached 151.750 Iraqi dinars for every 100 dollars, while the purchase price reached 149.750 dinars for every 100 dollars.

In Erbil, the dollar also recorded a rise, as the selling price reached 150.700 dinars for every 100 dollars, and the purchase price reached 150.600 dinars for every 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=259001

Gold Prices Rise In Baghdad And Stabilize In Erbil

Saturday 25 January 2025  Economic Number of readings: 264  Baghdad / NINA / The prices of foreign and Iraqi gold rose today, Saturday, in the local markets in Baghdad, while they stabilized in Erbil.

The selling prices of Gulf, Turkish and European gold, 21 carats, in the wholesale markets on Al-Nahr Street in Baghdad, this morning, recorded 584 thousand dinars per mithqal, and the purchase price was 580 thousand dinars, while the selling price of one mithqal of 21 carat Iraqi gold was 554 thousand dinars, and the purchase price was 550 thousand dinars.

In goldsmiths' shops, the selling price of a mithqal of Gulf gold, 21 carats, ranged between 585 thousand dinars and 595 thousand dinars, while the selling price of a mithqal of Iraqi gold ranged between 555 thousand dinars and 565 thousand dinars.

In Erbil, the price of gold stabilized, as the selling price of 24 karat was recorded at 666 thousand dinars, 21 karat at 583 thousand dinars, and 18 karat at 500 thousand dinars. / https://ninanews.com/Website/News/Details?key=1181958

Basra Crude Ends Weekly Trading With Losses

Saturday 25 January 2025 13:24 | Economic Number of readings: 236  Baghdad / NINA / Basra Heavy and Medium crude prices recorded a weekly loss of $ 1.83.

According to oil market data, Basra Heavy crude closed in its last session yesterday with a slight increase of one cent to reach $ 78.43, and recorded a weekly loss of $ 1.83, equivalent to 2.33%.

Basra Medium crude closed in its last session with an increase of one cent to reach $ 81.68, and recorded a weekly loss of $ 1.83, equivalent to 2.24%. ./End1 https://ninanews.com/Website/News/Details?key=1181953

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