Iraq Economic News and Points to Ponder Monday AM 3-3-25

Reasons For The Decrease In The "Temporary" Dollar Exchange Rate In Iraq
 
Economy ​ | Baghdad today – Baghdad  The specialist in the economic affairs, Nasser Al-Tamimi, commented today, Sunday (2 March 2025), the continuous decrease in the dollar exchange rate in the local markets days ago.
 
Al -Tamimi told "Baghdad Today", that "the decline in the exchange rate of the dollar in the local markets is  temporary,   due to the lack of demand for it currently in the market due to the month of Ramadan, where there is a   decline in the demand process as well as shopping in dollars such as cars, real estate and other issues sold in dollars."

And that  "this decrease is temporary and will return to rise again, especially with the near days of Eid Al -Fitr, after which it will return to its position between (150 and 151) per 100 dollars," noting that
 
"this decrease did not come due to real remedies for this long time, but the
 
real reason is the lack of demand during these days."
 
The dollar exchange rate continued, today, Sunday (2 March 2025), a decrease in the local stock exchange, down to record levels for the first time in several months.
 
The "Baghdad Today" correspondent said that the dollar prices, on the struggle and Al-Harithiya stock exchanges in the capital, Baghdad, recorded, on Sunday afternoon 146,800 thousand dinars for $100.    
  
https://baghdadtoday.news/268975-أسباب-انخفاض-سعر-صرف-الدولار-المؤقت-في-العراق.html 

Central Bank: Gold Reserves Grow By 45.1 Percent

Sunday 02 March 2025 11:30 | Economic Number of readings: 339  Baghdad / NINA / The Central Bank of Iraq announced today, Sunday, that gold reserves recorded a growth of 45.1 percent.

The Central Bank said in a statement: "The gold reserves of the Central Bank of Iraq recorded a growth of (45.1%) in the fourth quarter of 2024 compared to the same quarter of the previous year, as they rose from (12.29 trillion dinars in the fourth quarter of 2023 to (17.83) trillion dinars for the same quarter in 2024 as a result of the increase in the amount of gold and gold prices."

He added that "this carries great benefits as it enhances economic and financial stability and protects against risks, and is considered an important tool for intervening in the exchange market." /https://ninanews.com/Website/News/Details?key=1189541

Iraq's Oil Exports To America Declined Last Week

Sunday 02 March 2025 12:01 | Economic Number of readings: 281  Baghdad / NINA / The US Energy Information Administration announced today, Sunday, that Iraq exported more than 200 thousand barrels to America during the past week.

The administration stated in a table, "The average US imports of crude oil during the past week from 9 major countries amounted to 5.535 million barrels per day, up by 260 thousand barrels per day from the previous week, which amounted to 5.275 million barrels per day."

It added that "Iraq's oil exports to America amounted to 228 thousand barrels per day, down by 29 thousand barrels per day from the previous week, which amounted to 257 thousand barrels per day.

" The administration indicated that "most of America's oil revenues during the past week came from Canada, followed by Mexico, Venezuela and Saudi Arabia."

According to the table, "the amount of US imports of crude oil continued from Ecuador, Brazil, Colombia and Nigeria." / End   https://ninanews.com/Website/News/Details?key=1189550

SOMO: Iraq Exports More Than 4 Million Tons Of Oil Derivatives In 3 Months

Energy  Economy News – Baghdad  The State Oil Marketing Company (SOMO) announced the export of 3 petroleum products, amounting to more than 4 million tons of petroleum derivatives, during the fourth quarter of 2024.

SOMO said in its tables, which were reviewed by Al-Eqtisad News, that "Iraq exported 4 million, 465 thousand, and 749 tons of oil derivatives from October until December 2024."

The company added that "Iraq exported fuel oil in the amount of 4 million, 216 thousand, and 145 tons in the fourth quarter of 2024, compared to the same period in 2023, in which fuel oil exports amounted to 2 million, 796 thousand, and 606 tons."

According to the tables, "Iraq also exported 194,637 tons of naphtha," noting that "jet fuel was also exported in an amount of 54,967 tons."

Naphtha is an intermediate intended either for the petrochemical industry (such as ethylene manufacturing or aromatics production) or for the production of gasoline by reforming or isomerization within the refinery.   https://economy-news.net/content.php?id=53072

Oil Prices Record First Monthly Loss Since Last November

Saturday 01 March 2025 08:29 | Economic Number of readings: 263  Baghdad / NINA / Oil prices fell by more than 1% at settlement on Friday evening and are heading to record the first monthly decline since November, as markets await Washington's threats to impose customs duties and Iraq's decision to resume oil exports from the Kurdistan region.

Investor sentiment was also affected by the uncertainty surrounding OPEC's plans for production in April and the ongoing peace talks to end the war in Ukraine.

Brent crude May contracts, the most active, fell 88 cents, or 1.2%, to $72.69 a barrel, while US West Texas Intermediate crude recorded $69.36 a barrel, down 99 cents, or 1.41%, according to Reuters.

Brent crude futures for the nearest month, which expire today, were traded at $73.09 a barrel, down 95 cents.

Both benchmarks are heading to record their first monthly decline in 3 months.

Investors' appetite for risk has been reduced by factors such as expectations of an economic slowdown in the United States, tariffs, OPEC+ plans to increase supplies in April, and the possibility of a peace deal in Ukraine, which could boost Russian oil exports. / https://ninanews.com/Website/News/Details?key=1189347

Gold Posts Weekly Losses But Monthly Gains

Saturday 01 March 2025 08:58 | Economic Number of readings: 183  Baghdad / NINA / Gold prices fell in global markets at the end of trading on Friday evening, recording weekly losses, but achieved gains throughout the February sessions.

The price of gold futures fell by 1.6%, with losses of about $ 47, at $ 2848 per ounce, but recorded weekly losses of about 1.8%, but with monthly gains of 0.4%.

At settlement yesterday, gold fell in spot transactions by 0.9%, equivalent to $ 26, to $ 2851 per ounce.

The dollar rose against the euro by 0.3% at $ 1.0367, and the greenback rose against the Japanese yen by 0.5% at 150.6000 yen, and against the British pound by 0.2% at $ 1.2572. / https://ninanews.com/Website/News/Details?key=1189349

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

Seeds of Wisdom RV and Economic Updates Monday Morning 3-03-25

Good Morning Dinar Recaps,

RIPPLE UNLOCKS 1B XRP AS TRUMP ADDS IT TO US CRYPTO RESERVE, PRICE JUMPS 30%

▪Ripple unlocked 1 billion XRP on March 3, but re-locked 700 million tokens into escrow after Trump's crypto reserve announcement.

▪Whale Alert reported major XRP movements, with 500 million XRP sent to two different wallets.

▪XRP’s price hit $2.60 but faces resistance at $3; if it breaks through, the next target could be $3.40, its January high.

As part of the monthly release of 1 billion XRP tokens, Ripple unlocked another 1 billion XRP on the 3rd of March before re-locking the 700 million XRP tokens into an escrow wallet.

This came after U.S. President Donald Trump announced on Truth Social that select cryptocurrencies, including XRP, were added to the new U.S. Crypto Strategic Reserves. Following this news, XRP, the third-largest cryptocurrency by market cap, surged 30% in a day, reaching a market cap of $150 billion.

Could this endorsement bring in more institutional investors and fuel an even bigger rally? Let’s dive into the details.

XRP On the Move!

On March 3, blockchain tracker Whale Alert reported the release of 1 billion XRP from Ripple’s escrow accounts, worth around $2.6 billion in multiple transactions. The first 500 million XRP was sent in two batches 100 million first, followed by 400 million to the wallet ‘rGKHD…2Bdh.’

However, a few minutes later, another 500 million XRP was sent in a single transaction to the wallet ‘rHGfm…sbQr.’

Ripple unlocks XRP every month, but this time, the release gained more attention due to Trump’s announcement. Many believe that adding XRP to the U.S. Crypto Reserve could bring in more big investors and boost its price.

700 Million XRP Locked Back in Escrow

Despite unlocking 1 billion XRP, Ripple did not release all of it into the market. Instead, 700 million XRP was locked back into escrow. Here’s how the distribution played out:

First wallet: Received 500 million XRP but has not moved it yet. Previously, it sent 300 million to another wallet on March 1 and locked back 200 million.

Second wallet: Received 500 million XRP but quickly moved the same amount to another Ripple wallet, which then locked it back in escrow.

If Ripple follows its usual monthly pattern, another 100 million XRP might be locked, leaving only 200 million XRP in circulation.

XRP Price Jumps but Faces Resistance

Following these events, XRP’s price surged 17%, reaching $2.60 at the time of writing. In the past 24 hours, it has gained 30%, pushing its market cap to $150 billion.

However, technical indicators suggest that XRP is now facing resistance at the $3 level, which could slow down its rally. If buyers break past this level, the next target could be $3.40, its January high.

XRP’s bullish surge signals growing confidence—whether it can sustain this momentum is the real question.

@ Newshounds News™

Source:  Coinpedia

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TOKENIZATION CAN TRANSFORM REAL ESTATE INVESTING — POLYGON CEO

Tokenizing real estate and overhauling property investment markets has its challenges but is a killer use case for blockchain technology.

Real-world asset (RWA) tokenization can completely overhaul the real estate investment sector, which is highly illiquid, filled with intermediaries, and high transaction costs, according to Polygon CEO Mark Boiron.

In an interview with Cointelegraph, the CEO said that tokenization of properties could remove unnecessary intermediaries, thereby lowering transaction costs.

The CEO added that fractional ownership and trading tokenized real estate on the secondary markets would open up liquidity and increase the velocity of money. Boiron told Cointelegraph:

"The thing you really want is the ability to eliminate the illiquidity discount on real estate. All real estate is illiquid and therefore it's discounted to some degree. It can be more valuable if it's liquid."

Lumia Towers, an ongoing $220 million commercial real estate development in Istanbul, Turkey, featuring two skyscrapers with 300 mixed-use commercial and residential units, used Polygon's technology to tokenize the project.

Boiron said that the future of real estate is onchain. However, regulators must be comfortable with blockchain technology and public permissionless systems before tokenized real estate becomes the de facto standard.

In the United States, Quarter offers tokenized alternatives to debt-based home mortgages to increase levels of home ownership and make it more affordable to aspiring home buyers.

The company achieves this by assigning fractionalized equity rights to both the property investor and the prospective home buyer, which can be sold — deviating from the traditional debt-based mortgage financing that is the current standard in many jurisdictions.

In February 2025, real estate platform Blocksquare launched a real estate tokenization framework for the European Union that allows equity rights to be assigned and transferred onchain.

Real estate asset tokenization is gaining popularity in the United Arab Emirates (UAE) in what has become one of the hottest real estate markets in the world.

According to Tokinvest founder and CEO Scott Thiel, property developers in the UAE are scrambling to tokenize their projects as an alternative means to traditional financing structures.

Stablecoin issuer Tether also partnered with real estate platform Reelly Tech in February 2025 to expand the use of USDt in real estate transactions in the UAE.

@ Newshounds News™

Source:  CoinTelegraph

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News, Rumors and Opinions Monday AM 3-3-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 3, March 2025

Compiled Mon. 3, March 2025 am EST by Judy Byington

Possible Timing:

March 4 1861 was the day Abraham Lincoln was Inaugurated as the 16th President of the Republic.

On Tues. 4 March 2025 (164 years later) President Trump was making a major announcement to a joint session of Congress that was mandatory for all to attend.

Sun. 2 March 2025 Aerial on X: The revaluation of the Iraqi Dinar is for the New Republic that basically begins on Tues. 4 March when President Trump addresses both houses of Congress.

On Sun. 2 March 2025 the Iraqi Minister of Finance (allegedly) announced the new Dinar Rate would go on the Forex.

On Sun. 2 March 2025 the IMF bought off on release of the Iraqi Dinar as a reserve currency. …Brothers Technology on X

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What We Think We Know as of Mon. 3 March 2025:

Sun. 2 March 2025: Trump and Musk’s DOGE investigation will be auditing Fort Knox and answering questions that could bring down the Deepstate: Is there any gold left in Fort Knox? If not, WHO stole it and WHERE did it go? Does a SECRET TUNNEL connect the Fed and JP Morgan’s vaults? Has the Federal Reserve been LYING about its gold reserves? Will this audit finally DESTROY the Globalist Banking Cartel?

As of 15 Sept. 2024 the QFS was (allegedly) fully operational and went live on Sat. 1 March 2025 for over 130 countries confirmed in the military-secured, gold-backed QFS as they rolled out the Global Currency Reset.

The IRS, a deepstate stronghold, is (allegedly) in the process of being dismantled. Trump’s executive order on February 10, 2025, has initiated a transition away from income taxation. A fair consumption tax will replace it, ensuring that only non-essential goods are taxed.

The US Debt is set to be wiped out: WORLDWIDE BANKING PANIC! GCR/RV IGNITES as U.S. DEBT Set to Be WIPED OUT – The Bank of England’s Vaults Are EMPTY, Central Banks on the Verge of COLLAPSE! – Gazetteller

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Sun. March 2 2025 DOGE Investigation Government Waste

Elon Musk just exposed what he calls the “biggest scam” in U.S. history during his viral appearance on episode #2281 of The Joe Rogan Experience. The focus of the conversation was government waste—and Musk had plenty to say. Musk quickly dropped a shocker when he revealed that the government handed the Navy $12 billion to build new submarines—and not a single submarine was built. When lawmakers asked where the money went, Navy officials shrugged and said they had no idea—a revelation Musk heard firsthand from Senator Susan Collins (R-Maine). “There’s a case where I think Senator Collins was telling me about how she gave the Navy $12 billion for more submarines, got no extra submarines, and then held a hearing to say where the $12 billion go. And they were like, we don’t know. That was it. I mean, basically, stuff is so crazy. Only the federal government could get away with this level of waste,” Musk said.

Read full post here:  https://dinarchronicles.com/2025/03/03/restored-republic-via-a-gcr-update-as-of-march-3-2025/

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  Kuwait is the size of a state inside of Iraq and their currency is the strongest.  But not for long.  FRANK:  I love your attitude these last few days buddy!  IMO the Iraqi dinar is soon to swallow the Kuwait currency let alone all of the currencies in the Middle East and possibly in the world.

Fnu Lnu  Question:   "How do you see this impacting the physical dinar we hold?"  The Iraqi Dinar will always be a paper currency needed...for domestic commerce. The Iraqi Dinar will be electronic at the same time just like the USD ie: credit cards, debit cards, however, there will be a necessity for cross-border payments and receipts. If Iraq wants to buy dates from Italy, they must pay for them but how?  Cross border payment...Iraq is being schooled right now on digital currencies and how to use them.  The IQD will never be replaced with a crypto currency as the crypto will be used for cross-border payments only...The new digital currency is not made to replace the IQD, it is made to make it work more efficiently.  I believe, this is how we will be paid for the RV...The IQD will not be stored in our reserves...This is all going to be unnecessary in the future world of FinTec...This is also why I believe the RV is taking so long and Iraq is stalling with all their lame excuses that are illogical and do not make sense. That is my opinion based on the fact that K2 and Wyman are there now, schooling them on cross-border payments which is a known fact.  

GOLD RUSH HOUR: Gold, Silver & the Accelerating Currency Reset

Taylor Kenny:  3-2-2025

Is the global financial system on the edge of collapse? Economic Journalist Taylor Kenney and ITM Trading President Eric Griffin break down gold’s surging role, the accelerating currency reset, and the real risks of Central Bank Digital Currencies (CBDCs).

Key Topics Covered:

🔹 When is the financial reset happening? What will trigger it?

🔹 Will endless money printing lead to a total collapse?

🔹 How will gold and silver protect your wealth in a reset?

🔹 Why are Central Bank Digital Currencies (CBDCs) so dangerous?

🔹 What steps should you take RIGHT NOW to prepare?

https://www.youtube.com/watch?v=xEp1nnD6PwE

“Tidbits From TNT” Monday Morning 3-3-2025

TNT:

Tishwash:  Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading

Mazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that the geopolitical controls imposed on informal trade contribute to expanding dealings with official outlets for foreign currency, which contributes to financing foreign trade through the sound international financial system.

He pointed out in his statement to {Euphrates News} that "this shift aims to move away from informal financing from the parallel dollar market intensively, especially with the change in the behavior of small traders in avoiding the parallel market linked to the countries' regional and geopolitical problems." 

Saleh added that "this shift comes in the context of the importance of increasing Iraq's foreign reserves and confronting money smuggling operations, in addition to facilitating external transfer operations through Iraqi banks that deal with international banking correspondents, at an official exchange rate of 1,320 dinars per dollar."

He also stressed that the end of the compliance platform phase adopted by the Central Bank of Iraq in the past two years and the country's entry into a new phase has contributed to providing great flexibility in financial transfers through official channels.   link

Tishwash:  Al-Sudani receives a delegation from the Chinese company (Power China) to review the projects it is implementing in Iraq

Prime Minister Mohammed Shia Al-Sudani received today, Sunday, the CEO of the Chinese company (Power China) Chen Guan Fu, and his accompanying delegation.

A statement from the Prime Minister's Office stated that during the meeting, the projects implemented by the company in Iraq were reviewed, including solar energy projects, combined cycle projects and gas stations, within the framework of government orientations seeking to diversify energy sources.

Al-Sudani was briefed on the plans and procedures followed to implement these projects, and the mechanisms for expanding the work of the Chinese company based on the plans set by the government, in addition to discussing joint projects with the Iraq Development Fund, especially in the field of investing and implementing clean and renewable energy projects in Iraq.  link

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Masa'iya" will return next Sunday.. The Iraqi parliament suspends its sessions this week

A source in the Iraqi parliament reported on Sunday that the parliament presidency has suspended sessions this week, and that they will resume next week.

The source told Shafaq News Agency, " The Iraqi Parliament Presidency informed the representatives that there will be no parliament session this week."

He added that " the council will resume its regular sessions on Saturday or Sunday of next week," indicating that "the sessions will be held in the evening after breakfast."   

Last week, the member of the Parliamentary Legal Committee, Mohammed Anouz, revealed to Shafak News Agency that the Parliament sessions during the month of Ramadan will be in the evening, i.e. after breakfast, to ensure the continuation of legislative work before the end of the current session .

It is noteworthy that the current session of the Iraqi Council of Representatives began on January 9, 2022, and is scheduled to continue for four years, which means that it will end on January 8, 2026 .

According to the amended Electoral Law No. 12 of 2018, legislative elections must be held 45 days before the end of the parliamentary term .

Accordingly, the next elections are expected to be held in late November 2025 .  link

Mot: Where I Is Headed if the Dang - ""RV"" doesnt Happen Soon!!  

Mot:  Amazing What Ya Learn frum da Net!!! 

Sunday Night “Humor While We Wait” Posted by Mot at TNT

TNT:

Mot: ... Three friends each married women from different regions

Three friends each married women from different regions of the United States.

The first man chose a wife from Wisconsin. He instructed her that her responsibilities included doing the dishes and cleaning the house. After a couple of days, he returned home on the third day to find the house spotless and the dishes neatly put away.

The second man married a woman from Minnesota. He directed her to handle all the cleaning, dishwashing, and cooking. Initially, he noticed no changes on the first day, but by the second day, things had improved. By the third day, he was pleased to find the house tidy, the dishes done, and a large dinner prepared for him.

The third man took a bride from Kentucky. He demanded that she maintain a clean house, wash the dishes, mow the lawn, do the laundry, and ensure hot meals were ready for every meal. He recounted that on the first day, he saw no progress, and the second day was the same. However, by the third day, some of the swelling had subsided, allowing him to see a bit out of his left eye, and his arm had healed enough for him to make a sandwich and load the dishwasher. He still experiences some challenges with urination.

Mot: ....... An elderly priest, with a twinkle in his eye

An elderly priest, with a twinkle in his eye, turned to the younger priest and said,

“You had a brilliant idea replacing the first four pews with plush bucket theater seats. It’s incredible how the front of the church fills up first now.”

The younger priest smiled and nodded as the older priest continued.

“And when you suggested adding a little more rhythm to the music, I’ll admit I was hesitant. But bringing in that Rock ‘n Roll Gospel Choir has been a game-changer. Now, our services are packed all the way to the balcony!”

“Thank you, Father,” the younger priest replied humbly.

“I admire your openness to the fresh ideas of youth,” the older priest said warmly. “Most of your ideas have been wonderful.”

The younger priest sensed a “but” coming, and sure enough, the elder priest added, “However, I think you’ve gone too far with the Drive-thru Confessional.”

“But, Father!” the young priest protested, “Confessions have doubled, and donations are pouring in since I introduced it!”

The elder priest nodded thoughtfully. “Yes, I noticed. And I do appreciate your efforts. But the flashing neon sign on the church roof that says, *‘Toot ‘n Tell’ or ‘Go to Hell’*... well, that simply has to go.”

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Mot:  “Ladies and gentlemen, today is the luckiest day of my life!”

The bride kissed her father on the cheek and discreetly placed something in his hand.

Curiosity rippled through the room as everyone wondered what the bride had just given her father.

Feeling the suspense, the father decided to address the room. Clearing his throat, he said with a big smile:

“Ladies and gentlemen, today is the luckiest day of my life!”

He then dramatically raised his hand, revealing what his daughter had handed him.

“My daughter has finally returned my credit card!”

The room erupted in laughter, the joyous moment spreading like wildfire.

Well, everyone laughed—except one person.

The groom sat quietly, his face a mixture of realization and dread.

Mot: .. Calm Down Dude

Mot: Ya Knows - This Reality Show can beeee a Pain at times!!!

Mot .. What a Challenge it Was!!!

Iraq Economic News and Points to Ponder Sunday Afternoon 3-2-25

Expert: The Decline In The Dollar Exchange Rate Is Not Guaranteed And Speculation Is Behind The Decline

March 2, 2025  Baghdad - Qusay Munther  Economist Mahmoud Dagher attributed the reasons for the decline in the dollar price in local markets to the filling of the dollar portfolios of neighboring countries. Dagher said in a statement yesterday that (the influx of large amounts of dollars to neighboring countries has led to their hard currency reserves being filled, which has contributed to the decline in the dollar price in local markets), noting that (the continuation of this decline is not guaranteed, given the existence of speculation in the dinar market that may affect the stability of the exchange rate).

Local markets in Baghdad and the Kurdistan Region have witnessed a gradual decline in the dollar price, as it currently stands at 147 dinars per hundred dollars in Baghdad, while it has recorded 146,300 dinars per hundred dollars in the region.

At the same time, the Central Bank of Iraq has lifted the smoke from local brick factories by launching an environmental initiative aimed at converting these factories from using polluting fuel to clean energy, in line with global trends to confront climate change, which paves the way for a more sustainable economy, and puts Iraqi industry on the cusp of a green transformation that contributes to reducing carbon emissions and protecting the environment.

The bank said in a statement received by (Al-Zaman) yesterday that (in light of global trends, and in line with the policies of central banks in reducing carbon emissions and enhancing environmental sustainability, we announce the adoption of clean energy solutions in coordination with the Ministry of Environment, which contribute to achieving sustainable development),

 and indicated that (based on this role, we announce the inclusion of local brick factories in soft loans for the renewable energy initiative to shift from the use of polluting fuel, black oil, to cleaner fuel, liquefied gas, to reduce air pollution, raising the loan ceiling to 500 million dinars for each factory through licensed Iraqi banks),

and the statement explained that (the bank also decided to support the Environmental Protection and Improvement Fund with an amount of one billion dinars to confront air pollution and the resulting environmental changes),

 and went on to say that (these decisions come in response to the requirements of green economic development, reducing the environmental impact of industry and supporting the gradual transition towards a more sustainable economy).

The bank confirmed that gold reserves recorded a growth of 45.1 percent. The statement said that (the bank's gold reserves recorded a growth of 45.1 percent in the fourth quarter of last year compared to the same quarter of the previous year, as they rose from 12.29 trillion dinars in the fourth quarter of 2023 to 17.83 trillion dinars for the same quarter of the same year,

 as a result of the increase in the quantity and prices of gold), noting that (this carries great benefits as it enhances economic and financial stability and protects against risks, and is considered an important tool for intervening in the exchange market).

In a related context, foreign and Iraqi gold prices decreased in the local markets in Baghdad, while they stabilized in Erbil.Experts said that (gold prices in the wholesale markets of Al-Nahr Street in Baghdad recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 590 thousand dinars, and the purchase price of 586 thousand dinars),

 adding that (the selling price of one mithqal of 21 karat Iraqi gold recorded at 560 thousand dinars, and the purchase price reached 556 thousand), stressing that (gold prices in goldsmiths’ shops for the Gulf mithqal of 21 karat range between 590 and 600 thousand dinars,

while the sale of the Iraqi gold mithqal ranges between 560 and 570 thousand dinars), and the experts went on to say that (gold prices in Erbil recorded stability, as the price of 24 karat gold reached 685 thousand dinars for sale, 22 karat gold reached 628 thousand dinars, 21 karat gold reached 600 thousand dinars for sale, and 18 karat gold reached 515 thousand dinars).

Meanwhile, Rafidain and Rashid banks have started disbursing the salaries of civilian and military retirees for the current month of March. A statement received by Al-Zaman yesterday said that “Rafidain and Rashid banks have raised the salaries of civilian and military retirees for the current month of March,” and the two banks stressed that “beneficiaries should visit their branches and electronic payment centers to receive their financial dues.”

 The National Retirement Authority had previously announced the disbursement of retirees’ salaries for the month of March. The Authority’s Deputy Chairman, Hussam Abdul Sattar, said in a statement yesterday that “the salaries of retirees for the current month have been disbursed.”

Calling on retirees who receive text messages to (review the disbursement outlets to receive their salaries gradually).

 Meanwhile, the Ministry of Labor and Social Affairs launched the social assistance payment for the month of March. A statement by the ministry received by Al-Zaman yesterday stated that (the ministry announces the launch of the social assistance payment for the current month, which includes more than two million and 117) thousand families, with a total amount exceeding 457 billion dinars).

For his part, the head of the Social Protection Authority, Ahmed Al-Moussawi, said that (the number of families covered by the assistance supported by men has reached more than one million and 536 thousand families, with a total amount exceeding 368 billion dinars, while the number of families supported by women has reached more than 581) thousand families, with a total amount exceeding 88 billion dinars),

 calling on the beneficiary families to (review the disbursement outlets to receive the assistance allocated to them), stressing (the necessity of following up on the announced disbursement dates to ensure receipt of the amounts), and he went on to say (the beneficiaries must not withdraw the full amounts deposited in their cards, to benefit from the discount service that reaches 15 percent in hypermarkets, which has officially entered into force).  LINK

The Dollar Continues Its Sudden Decline In The Irayqi Markets With The Closure Of The Stock Exchange

Economy | 05:56 - 02/03/2025    Mawazine News – The US dollar prices witnessed a decline today, Sunday, in the markets of the capital Baghdad and Erbil, the capital of the Kurdistan Region, with the closure of the stock exchange in the country.

The dollar prices decreased with the closure of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 147,500 dinars per 100 dollars, while the prices were 147,800 dinars per 100 dollars this morning.

As for the selling prices in exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 148,500 dinars per 100 dollars, while the purchase price reached 146,500 dinars per 100 dollars.

In Erbil, the dollar also recorded a decline, as the selling price in exchange shops reached 146,800 per 100 dollars, while the purchase price reached 146,700 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=259931

IMF Confirms Support For Iraq In Developing Financial Policies

Money and business   Economy News - Baghdad

The Ministry of Finance confirmed, on Sunday, that the Iraqi government is committed to achieving financial sustainability that supports development and stimulates investment, while the International Monetary Fund expressed its support for Iraq in developing financial policies.

A statement by the ministry, seen by Al-Eqtisad News, stated that "the Iraqi delegation concluded its meetings with the International Monetary Fund in Amman during the period from February 24 to 26, 2025, with the participation of the Minister of Finance, Taif Sami Muhammad, and the Governor of the Central Bank of Iraq," noting that "the economic performance of Iraq and the prospects for sustainable growth were discussed, amid appreciation for the progress made."

The statement added, "The discussions, in which experts from the Ministries of Finance, Planning, Oil, Electricity and the Central Bank participated, focused on macroeconomic indicators, where a remarkable growth in non-oil GDP was recorded at 5% for the year 2024, driven by the expansion of the agricultural sector and the increase in public spending, with growth expected to continue at 3.5% in 2025."

The mission confirmed, according to the statement, that "these figures reflect an improvement in economic diversification and a reduction in dependence on oil, which enhances the stability of the national economy, in addition to reviewing actual expenditures and expected revenues for the year 2024 and expectations for the year 2025 and how to finance the deficit."

The statement added that "the meeting discussed updating the public debt strategy with mechanisms that ensure public financial sustainability and enhance investor confidence in government bonds. The IMF also stressed the importance of developing the banking sector to support investments and attract foreign capital, which contributes to creating a more stable financial environment."

The Fund confirmed, according to the statement, "its support for Iraq in developing financial policies by providing advisors and experts to assist the Ministry of Finance in managing public debt and improving the tax system in line with the requirements of economic growth."

The statement added, "Within the framework of enhancing financial stability, it was agreed to intensify efforts to expand cooperation with foreign correspondent banks, which facilitates foreign trade financing operations, in addition to enhancing the use of the Iraqi dinar in major transactions, which enhances the strength of the national currency."

The meetings stressed the continued progress in financial and economic reforms, reflecting the Iraqi government’s commitment to achieving financial sustainability that supports development and stimulates investment, in light of an ongoing strategic partnership with the International Monetary Fund.   https://economy-news.net/content.php?id=53079

Iraq, IMF Announce New Steps To Boost National Economy

Economy | 04:46 - 02/03/2025  Mawazine News – The Iraqi Ministry of Finance announced today, Sunday, the results of the meetings held with the International Monetary Fund in the Jordanian capital, Amman, where it was agreed to intensify efforts to expand cooperation with foreign correspondent banks, in a move aimed at enhancing financial stability and supporting the national economy.

A statement issued by the ministry, received by "Mawazine News", stated:

The Iraqi delegation, headed by the Minister of Finance, Taif Sami Mohammed, and the Governor of the Central Bank of Iraq, concluded its meetings with the International Monetary Fund from February 24 to 26, 2025, where Iraq's economic performance and prospects for sustainable growth were discussed, indicating that the progress achieved in various economic sectors was appreciated.

yThe statement indicated that the discussions focused on macroeconomic indicators, as a remarkable growth in non-oil GDP was recorded at 5% for the year 2024, supported by the expansion of the agricultural sector and the increase in public spending, indicating that growth was expected to continue at 3.5% in 2025, reflecting an improvement in economic diversification and a reduction in dependence on oil, which enhances the stability of the national economy.

The meeting also addressed updating the public debt strategy, emphasizing the importance of developing the banking sector to support investments and attract foreign capital, which contributes to improving financial stability.

The International Monetary Fund affirmed its support for Iraq in developing financial policies by providing advisors and experts to assist the ministry in managing public debt and improving the tax system.

In the context of enhancing financial stability, it was agreed to intensify cooperation with foreign correspondent banks, which would contribute to facilitating foreign trade financing operations and enhancing the use of the Iraqi dinar in major transactions.

In conclusion, the statement stressed that the meetings confirmed the continued progress in financial and economic reforms, reflecting the Iraqi government's commitment to achieving financial sustainability that supports development and drives investment, in light of an ongoing strategic partnership with the International Monetary Fund. https://www.mawazin.net/Details.aspx?jimare=259926

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

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 3-02-25

Good Afternoon Dinar Recaps,

WHITE HOUSE CRYPTO CZAR CONFIRMS US TO ESTABLISH RESERVE WITH BITCOIN AND OTHER TOP CRYPTOCURRENCIES

White House Crypto Czar David Sacks has endorsed President Donald Trump’s U.S. Crypto Strategic Reserve, highlighting its inclusion of bitcoin and other top cryptocurrencies to position the U.S. as a global leader.

Trump’s US Crypto Strategic Reserve Sparks Industry Buzz

David Sacks, the White House AI and crypto czar, has expressed support for President Donald Trump’s announcement of a U.S. crypto strategic reserve. In a post on social media platform X, Sacks stated:

"President Trump has announced a Crypto Strategic Reserve consisting of bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the ‘Crypto Capital of the World.’ More to come at the Summit."

On March 2, President Trump outlined the composition and goals of a proposed U.S. crypto reserve on Truth Social. He claimed the initiative would revitalize the cryptocurrency sector, which he said was harmed under the Biden administration. 

Trump stated that his executive order on digital assets directed the Presidential Working Group to develop a Crypto Strategic Reserve, including XRP, SOL, and ADA, aiming to position the U.S. as a global leader in crypto.

 In a follow-up post, he confirmed that BTC and ETH would be central to the reserve, expressing support for bitcoin and ethereum. His statements indicate a push to integrate major cryptocurrencies into national financial policy.

Historically, President Trump’s stance on cryptocurrencies has evolved. Initially skeptical, he has recently adopted a more supportive position, aligning with his promise to establish the U.S. as a hub for cryptocurrency innovation. The issuance of Executive Order 14178 reflects this commitment, directing federal agencies to develop frameworks that support digital asset integration and regulation.

Sacks also announced on Feb. 28 plans for a significant industry event, stating on X: “President Trump will host the first White House Crypto Summit on Friday, March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there!”

The summit is expected to facilitate dialogue between the administration and key stakeholders, further solidifying the U.S.’s leadership role in the global cryptocurrency landscape.

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

INSIDE THE WHITE HOUSE CRYPTO SUMMIT: TRUMP TO LEAD TALKS WITH 25 KEY GUESTS

This Friday, March 7th, marks the first-ever White House Crypto Summit, a key event that aims to shape the future of cryptocurrency policy in the U.S. According to Fox Business, the summit is part of a series designed to replace the previously proposed Crypto Advisory Council, giving the President’s Working Group on Digital Assets a chance to collaborate directly with the crypto industry on key issues.

“The White House announced today that President Trump will host and deliver remarks at the first ever White House Crypto Summit on Friday, March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets,” the press release stated.

Around 25 invitees are expected to attend the summit, though the guest list is still under wraps. It’s anticipated that more details on who will be present will be released soon.

 Some important figures, like David Sacks (the White House’s crypto czar) and Bo Hines, are expected to be involved, which signals a positive direction for crypto legislation and future policy clarity.

The shift from a formal advisory council to these summits suggests a more flexible approach to policymaking, allowing for direct engagement with industry leaders. This is seen as a step in the right direction for crypto, offering a clearer path forward and showcasing the government’s growing support for the industry.

The White House crypto summit is expected to spark important discussions that could influence future legislation and solidify the role of crypto in the U.S. economy. As crypto continues to gain mainstream acceptance, this summit is a strong signal that the government is committed to ensuring its place in the financial landscape.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

DE-DOLLARIZATION: GLOBAL BANK PREDICTS FUTURE OF THE US DOLLAR

Despite de-dollarization, the US dollar rebounded in price as the DXY index, which measures its performance climbed above the 107 mark. The DXY index is now trading at the 107.40 level after surging 0.15% on Friday. The US treasury yields rose this month making the greenback strengthen in the charts. The move pushed gold prices below the $2,900 range making the XAU/USD index trade at $2,860 on Friday’s opening bell.

Leading investment bank Goldman Sachs predicted the future of the US dollar as de-dollarization looms. The global bank weighed the pros and cons of the currency markets and wrote in the latest note to stakeholders that the greenback will make a comeback.

Goldman Sachs Predicts the Future of the US Dollar Amid De-Dollarization

Global investment bank Goldman Sachs wrote in a note that the US dollar could get a boost despite de-dollarization as Trump’s tariffs could uplift the greenback. Goldman Sachs strategists Karen Reichgott Fishman and Lexi Kanter wrote that the US dollar looks attractive due to the tariffs.

Trump has vowed to protect the US dollar amid the onslaught of the de-dollarization agenda kick-started by developing nations. “Ultimately, not all tariffs are equal when it comes to FX,” the strategists wrote in a note. “But given the unwind of premium in key crosses in recent weeks, we once again think tariff risks look underpriced, making long dollar exposure now look even more attractive.”

Therefore, currency investors can take long positions in the US dollar now as its prospects look “more attractive”. Local currencies are under pressure due to tariffs and the USD is coming out on top. The Indian rupee has fallen to a lifetime low while the Chinese yuan and the Japanese yen have dipped to yearly lows. The development indicates that tariffs are working against de-dollarization and placing the US dollar on top.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

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Thank you Dinar Recaps

Some Iraq News Posted by Clare at KTFA 3-2-2025

KTFA:

Clare:  The Central Bank invites the Ministry of Culture to receive gold artifacts deposited in its vaults

In light of Baghdad being chosen as the Arab Tourism Capital for 2025 by the Arab Tourism Organization, and in order to provide Iraqi museums with original antiquities to be a tourist destination that attracts tourists from all over the world, the Central Bank of Iraq confirms the existence of about 23 boxes containing golden and historical antiquities, such as the Nimrud antiquities, which were deposited in the vaults of the Central Bank of Iraq in previous years to preserve them.

The Central Bank called on the Ministry of Culture to receive these deposits, to enhance the contents of the Iraqi National Museum and other museums.

 Central Bank of Iraq 
Media Office 
March 1, 2025

https://cbi.iq/news/view/2809

Clare:  Central Bank: Gold reserves grow by 45.1%

3/2/2025 

The Central Bank announced, today, Sunday, that gold reserves grew by 45.1% in the fourth quarter of 2024 compared to the same quarter of the previous year.

The bank's media stated in a statement received by {Al Furat News} that "gold reserves increased from 12.29 trillion dinars in the fourth quarter of 2023 to 17.83 trillion dinars in the same quarter of 2024," explaining that this growth is due to the increase in the amount of gold and global gold prices.

The statement added that "the growth of reserves has great benefits, as it enhances economic and financial stability and protects against risks, and is considered an important tool for intervening in the foreign exchange market."  LINK

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Clare:  Iraqi dinar hits nine-month high against US dollar

3/2/2025    ERBIL  –

The Iraqi Dinar exchange rate has reached its highest level in the past nine months, with the currency strengthening against the US Dollar in both the Iraqi and Kurdistan Region markets.

On Sunday, the US Dollar was trading at 147,750 dinars, but it has since appreciated to 145,950 dinars, signaling a positive shift in the national currency's value.

This significant improvement is largely attributed to the effective measures implemented by the Central Bank of Iraq. The bank's consistent efforts in maintaining a steady supply of dollars, coupled with a decrease in demand for the US currency, have played a key role in strengthening the dinar. 

Despite rumors surrounding potential sanctions on Iraqi banks, the exchange rate has remained stable, providing further confidence in the resilience of the Iraqi economy.   LINK

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Clare:  Dollar prices decline "gradually" in Baghdad and Erbil

3/2/2025

The markets of the Iraqi capital, Baghdad, and Erbil, the capital of the Kurdistan Region, are witnessing a gradual decline in the exchange rates of the US dollar today, Sunday.

Shafaq News Agency correspondent reported that the dollar prices decreased in Al-Kifah and Al-Harithiya stock exchanges in Baghdad, where the exchange rate at one o'clock in the afternoon recorded 147,100 dinars for every 100 dollars, after it was 147,800 dinars this morning.

In the local markets in the capital, exchange rates declined at exchange offices, with the selling price reaching 148,000 dinars for every 100 dollars, while the buying price reached 146,000 dinars.

In Erbil, the dollar recorded a similar decline, with the selling price reaching 146,400 dinars per 100 dollars, while the buying price reached 146,300 dinars.  LINK

Clare:  Financial and Economic Measures.. Iraqi Finance Ministry Announces Results of its Meeting with the International Monetary Fund

3/2/2025

The Iraqi Ministry of Finance announced, on Sunday, the results of its meetings with the International Monetary Fund, indicating an agreement to intensify efforts to expand cooperation with foreign correspondent banks, while the IMF stressed the importance of developing the banking sector.

The ministry stated in a statement received by Shafaq News Agency, "The Iraqi delegation concluded its meetings with the International Monetary Fund in Amman during the period from February 24 to 26, 2025, with the participation of the Minister of Finance, Taif Sami Muhammad, and the Governor of the Central Bank of Iraq. Iraq's economic performance and prospects for sustainable growth were discussed, amid appreciation for the progress made."

He explained that "the discussions, in which experts from the Ministries of Finance, Planning, Oil, Electricity and the Central Bank participated, focused on macroeconomic indicators, where a remarkable growth in non-oil GDP was recorded at 5% for 2024, driven by the expansion of the agricultural sector and increased public spending, with growth expected to continue at 3.5% in 2025.

The mission confirmed that these figures reflect an improvement in economic diversification and a reduction in dependence on oil, which enhances the stability of the national economy, in addition to reviewing actual expenditures and expected revenues for 2024 and expectations for 2025 and how to finance the deficit."

The statement added, "The meeting also discussed updating the public debt strategy with mechanisms that ensure public financial sustainability and enhance investor confidence in government bonds. The IMF also stressed the importance of developing the banking sector to support investments and attract foreign capital, which contributes to creating a more stable financial environment."

The International Monetary Fund confirmed, according to the statement, "its support for Iraq in developing financial policies by providing advisors and experts to help the Ministry of Finance manage public debt and improve the tax system in line with the requirements of economic growth."

The statement continued, "Within the framework of enhancing financial stability, it was agreed to intensify efforts to expand cooperation with foreign correspondent banks, which facilitates foreign trade financing operations, in addition to enhancing the use of the Iraqi dinar in major transactions, which enhances the strength of the national currency."

The statement concluded by saying, "The meetings emphasized the continued progress in financial and economic reforms, which reflects the Iraqi government's commitment to achieving financial sustainability that supports development and stimulates investment, in light of an ongoing strategic partnership with the International Monetary Fund."

On February 26, Iraqi Finance Minister Taif Sami discussed with the International Monetary Fund financial and banking reforms to support the Iraqi economy, during periodic meetings held in the Jordanian capital, Amman.  LINK

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

Clare: Kurdish delegation holds meeting in Baghdad to decide on resuming oil exports

3/2/2025

Informed sources reported on Sunday that a delegation from the Kurdistan Regional Government arrived in the capital, Baghdad, to put the final touches on the file of resuming oil exports via the Turkish Ceyhan pipeline.

A source told Shafaq News Agency, "A delegation from the Ministry of Energy and Natural Resources of the Kurdistan Regional Government is currently holding a meeting with officials at the headquarters of the Federal Ministry of Oil, to resolve matters related to resuming oil exports from the region's fields, and other issues related to the work of companies."

Another source told the agency, "This meeting was scheduled to be held next Tuesday, but developments in the file prompted the date to be brought forward," without mentioning further details.

Yesterday, Saturday, the Federal Ministry of Oil invited international oil companies under the umbrella of "APICOR" and contracted with the Kurdistan Regional Government, in addition to the Ministry of Natural Resources in the region, to attend a meeting in Baghdad next Tuesday, March 4, 2025.

Last Friday, eight international oil companies operating in the Kurdistan Region announced that they would not resume oil exports through the Turkish port of Ceyhan, despite Baghdad’s announcement of the imminent resumption of exports.

Before that, Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani announced the resumption of Kurdistan Region oil exports via the Turkish port of Ceyhan within the coming hours. LINK

News, Rumors and Opinions Sunday 3-2-2025

From Recaps Archives:

TIER PLATFORM PAYOUTS

Payout Schedule for Tier Groups involved in the RV:

The Dubai Accounts Funds the RV: Dubai 1 fundsTiers 1&2 of the RV and Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.

The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.

Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first.

A. Dubai 1 released for liquidity which then triggers Dubai 2&3.

B. Fines & Penalties are released to recipients (they need D1 liquid, this is their hold up)

C. Bonds will be liquid (they need D1 to be liquid)

D. Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!

Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.

Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.

Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints..

Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral..

Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.

Tier 5 The general public who never paid attention to the Intel.

The official GO for Tier 4b has not been released yet. It can happen any moment. As all Tier1-4b are funded, we await the final release to reach to our level.

It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith.

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Ariel Thoughts on the RV

IMO:    it's almost like I have been telling people that the revaluation of the Iraqi Dinar is for the 'New Republic' that basically starts on March 4th with an address from the president on that day with Kurdistan & Baghdad signing remaining paperwork and resuming oil exports through SOMO. 

Why out of all these years you have been waiting that they decided to have this meeting on the exact day of the original inauguration day? Why do you think Donald Trump is closing 100s of IRS offices? Because he doesn't want your capital gains going towards an agency that will not exist after 2025. I told you all and I will say it again D. Trump is going to put his foot down on March 4th. 

 After that day you might as well prepare for the fallout. Because it's going to come fast. Corruption will be boxed in and have no choice but to show itself for the beast it is. And as I explained once the IQD reinstatement occurs Israel will become a shell of its former self. Peace in the Middle East will expose the domestic terrorist in our media, government, and banking industry.

Regarding the rate change. Will it be immediate? Unlikely. The CBI would need time to evaluate oil revenue projections and consult with the government, which has previously locked rates for multi-year periods (e.g., until 2025 per a 2021 parliamentary statement).

A decision might take days to weeks, with an announcement possibly delayed to mid-March or later to ensure data alignment. That said, if political momentum from the meeting is strong and Trump’s rhetoric signals U.S. support Iraq could expedite the process, perhaps signaling intent within days (e.g., March 5-7) and formalizing it later.

In short, I’d expect a new exchange rate release to follow days to a couple of weeks after March 4, not immediately, as Iraq balances oil-driven economic gains with currency stability needs. Keep an eye on CBI statements and parallel market trends post-meeting for clues. What are your thoughts on how these pieces might fit together?

I just love that it will be on or after March 4th because we will get to keep our money. Because once they resume there is no going back after that. And we will have our ROI.

***********

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

Mnt Goat  Article:  "CENTRAL BANK: ACHIEVED INTERNATIONAL INTEGRATION BY LINKING THE IRAQI
ELECTRONIC PAYMENT SYSTEM TO GLOBAL NETWORKS"  Quote:  "...we achieved international integration by linking the Iraqi electronic payment system to global payment networks, which allows the transformation of accepting foreign cards locally and expanding the acceptance of Iraqi cards internationally,”

Militia Man  They're hoping the citizens will bring all that hoarded money from aboard, like in the United States and around the world along with all the citizens who have it under their mattresses and in their garages, to...bring it into the banking system so they can have a deposit, they can get what they deserve...purchasing power...Banks can use that money to facilitate the reconstruction effort.  That's what a new economy will do.

Huge change to Iraqi Dinar just announced

Economic Ninja:  3-1-2025

https://www.youtube.com/watch?v=8hFQEBRPUDw

Iraq BREAKING NEWS: Heads Up Changes Happening in Iraq

Edu Matrix:  3-2-2025

Iraq BREAKING NEWS: Heads Up Changes Happening in Iraq - Former Iraqi Prime Minister Mustafa al-Kadhimi has returned to Baghdad for the first time in over two years, despite ongoing security threats. After surviving an assassination attempt in 2021 and leaving office in 2022, al-Kadhimi has been living in London and the UAE.

His return comes amid a worsening Iraq financial crisis, increasing political tensions, and upcoming Iraq elections 2025. During his tenure, al-Kadhimi played a crucial role in Iran-Saudi Arabia relations, hosting talks that led to the restoration of diplomatic ties between the two regional rivals.

 His strong connections with the United States and Saudi Arabia could be key as Iraq navigates its economic and political challenges. Could this signal a political comeback for al-Kadhimi? What does his return mean for Iraq’s stability and US-Iraq relations?

https://www.youtube.com/watch?v=nbr6l9SC97c

Iraq Economic News and Points to Ponder Late Saturday Evening 2-28-25

In A Graphical Analysis.. The Months With The Most And Least Impact On The Fluctuations Of The Dollar Against The Dinar Since 2005

Time: 2025/02/28 12:20:11 Read: 2,235 times  {Economic: Al Furat News} Economic expert Manar Al-Obaidi stated that the exchange rate of the Iraqi dinar against the US dollar in the parallel market has witnessed noticeable fluctuations over the course of twenty-one years, as a result of being affected by political, legislative and economic factors, with supply and demand dominating as the most influential factors.

Al-Obaidi explained in a statement received by {Euphrates News} a copy of it, after analyzing the exchange rate data from 2005 to 2024, that there is a recurring pattern that reflects the dinar’s value being affected by specific months more than others.

He pointed out that December was the month with the most frequent increase in the value of the dinar, as it witnessed a decline in the exchange rate against the dollar in thirteen years out of twenty-one.

He added, “It is followed by August and June with increases in the value of the dinar against the dollar in eleven years, then April with ten times, while October and November witnessed an increase nine times, and March eight times.”

Al-Obaidi continued, “As for May, it was the month with the least frequent decrease in the value of the dinar, as its value rose during it only four times throughout the period studied, which gives the impression of a relationship between the seasonality of demand and the exchange rate, as the value of the dinar usually rises in the months of February, March and April, then declines again in May with the return of strong demand.”

The economic expert noted that "despite this clear seasonal effect, there are other factors that cannot be ignored, such as the levels of dollar sales by the Central Bank of Iraq, which directly affect the size of the money supply in the market, in addition to the timing of the general budget launch and geopolitical factors that may cause sudden disturbances in the demand for foreign currency."

He pointed out that the seasons of the year remain one of the main elements in determining the exchange rate trends in Iraq, as a recurring pattern appears at the end of the year and the beginning of the fiscal year, in addition to the market being affected by official holidays in countries exporting goods to Iraq.

 However, monetary policies and political and economic developments continue to have a direct impact on the parallel market, making it necessary to monitor all these variables to understand exchange rate changes more accurately."   LINK

The Central Bank Calls On The Ministry Of Culture To Decide The Fate Of 23 Boxes Filled With Gold And Historical Artifacts

Buratha News Agency107  2025-03-01   The Central Bank of Iraq, on Saturday, invited the Ministry of Culture to provide 23 boxes containing gold and historical artifacts to enhance Iraqi museums.

A statement from the Central Bank stated that, “In light of Baghdad being chosen as the Arab Tourism Capital for 2025 by the Arab Tourism Organization, and in order to provide Iraqi museums with original artifacts to be a tourist destination that attracts tourists from all over the world, the Central Bank of Iraq confirmed the existence of about 23 boxes containing gold and historical artifacts, such as the Nimrud artifacts, which were deposited in the vaults of the Central Bank of Iraq in previous years to preserve them.”

The bank also called on the Ministry of Culture to receive these trusts to enhance the contents of the Iraqi National Museum and other museums.  https://burathanews.com/arabic/news/457006

Prime Minister's Advisor: The Central Bank Is Moving Towards Issuing A Digital Currency As A Gradual Alternative To Paper Currency

Saturday 01 March 2025 10:49 | Economic Number of readings: 373    Baghdad / NINA / The financial advisor to the Prime Minister, Mazhar Mohammed Salih, announced today, Saturday: "The Central Bank is moving towards issuing a digital currency, as a gradual alternative to paper currency," explaining the benefits of issuing a digital currency specific to the Central Bank, while indicating that its issuance will represent a qualitative leap in the national payment system and enhance transparency.

Salih said, according to the official agency: "This step will achieve many benefits, including reducing cash leakage, reducing printing costs, and limiting the circulation of paper currency outside the banking system, in addition to reducing the need to print money repeatedly, which reduces the costs associated with its production and distribution, in addition to enhancing transparency and control over financial flows and the ability to track digital liquidity and spending trends, whether consumer, savings, or investment, in addition to improving control over capital and foreign transfers, and supporting efforts to combat money laundering."

He pointed out: "Digital currencies contribute to achieving financial inclusion, especially for the groups least integrated into the banking system, which contributes to enhancing economic and social integration."

He noted that: "The transition to digital currency requires a strong technical infrastructure, including reliable and advanced internet networks, advanced cybersecurity systems to protect data and transactions, as well as promoting a culture of societal acceptance of digital currencies, starting with government agencies, through their use in collection operations and official transactions."

The advisor stressed: "Digital cash will maintain its traditional functions as a unit of account, payments and savings, with the possibility of using it over the internet and smartphones, which contributes to the development of a more stable and efficient financial environment." https://ninanews.com/Website/News/Details?key=1189385

Prime Minister's Advisor: The Central Bank Is Moving Towards Issuing A Digital Currency As A Gradual Alternative To Paper Currency

Saturday 01 March 2025 10:49 | Economic Number of readings: 373  Baghdad / NINA / The financial advisor to the Prime Minister, Mazhar Mohammed Salih, announced today, Saturday: "The Central Bank is moving towards issuing a digital currency, as a gradual alternative to paper currency," explaining the benefits of issuing a digital currency specific to the Central Bank, while indicating that its issuance will represent a qualitative leap in the national payment system and enhance transparency.

Salih said, according to the official agency: "This step will achieve many benefits, including reducing cash leakage, reducing printing costs, and limiting the circulation of paper currency outside the banking system, in addition to reducing the need to print money repeatedly, which reduces the costs associated with its production and distribution, in addition to enhancing transparency and control over financial flows and the ability to track digital liquidity and spending trends, whether consumer, savings, or investment, in addition to improving control over capital and foreign transfers, and supporting efforts to combat money laundering."

He pointed out: "Digital currencies contribute to achieving financial inclusion, especially for the groups least integrated into the banking system, which contributes to enhancing economic and social integration."

He noted that: "The transition to digital currency requires a strong technical infrastructure, including reliable and advanced internet networks, advanced cybersecurity systems to protect data and transactions, as well as promoting a culture of societal acceptance of digital currencies, starting with government agencies, through their use in collection operations and official transactions."

The advisor stressed: "Digital cash will maintain its traditional functions as a unit of account, payments and savings, with the possibility of using it over the internet and smartphones, which contributes to the development of a more stable and efficient financial environment." https://ninanews.com/Website/News/Details?key=1189385

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 3-02-25

Good Morning Dinar Recaps,

IRAQ’S CENTRAL BANK TO CREATE ITS OWN DIGITAL CURRENCY

Baghdad (IraqiNews.com) – The Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, revealed on Wednesday that the bank is planning to create a digital currency to replace paper notes in transactions with central banks.

During his speech in the 9th edition of the Iraq Finance Expo, Al-Alaq said that fundamental changes will take place in the banking and financial systems, including the limited use of paper notes as they will be replaced by digital currencies in transactions between central banks.

Iraq is seriously examining establishing a data center, according to Al-Alaq, and the CBI has started working on this project as part of the digital transformation process.

Al-Alaq also indicated that Iraq’s financial inclusion rate increased to over 40 percent compared to 20 percent three years ago due to the CBI’s promotion of mobile phone-based electronic wallets that enable bill payment and money transfer.

Over 4,000 ATMs have been installed, and there are roughly 17 million bank cards in use, according to Al-Alaq, and there are now 1.2 million electronic wallets in Iraq.

Iraq’s electronic payment system has been connected to global payment networks, allowing Iraqi bank cards to be used abroad and bank cards issued by foreign banks to be accepted locally.

@ Newshounds News™

Source:  Iraqi News

~~~~~~~~~

BRICS EXTENDS FRIENDLY TIES WITH EUROPE AS US TARIFFS HIT

Europe is extending friendly ties with the BRICS alliance as Trump’s tariffs hit the market in February. Several European leaders have expressed displeasure at Trump’s decision to impose tariffs on close Western allies. BRICS member China is making use of the escalating tensions between the US and Europe and extending cordial relations.

Some countries in Europe are reconsidering their relations with BRICS member China, while others are aiming to diversify their partnerships with Japan and South Korea. Many other European nations are reaching out to India to procure goods. The widening rift between the US and Europe stems out of tariffs and its stance in the Ukraine war.

US Tariffs: Will Europe Get Friendly With BRICS?

However, the European Union faces a mixed approach with BRICS member China as some advocate for partnerships while others take a cautious stance. However, China is making use of the situation and pushing cordial ties with Europe as US tariffs hit the market.

“Europe must take its own decisions, on its own. And we have to decide when China can be a partner and when China is a competitor,” said Spain’s Foreign Minister Jose Manuel Albares. Germany’s chancellor-in-waiting Friedrich Merz said that Trump “does not care much about the fate of Europe”. This gives BRICS a chance to build bridges with Europe as the US is looking to burn it.

“My absolute priority will be to strengthen Europe as quickly as possible so that, step by step, we can really achieve independence from the USA,” said Merz. If Europe extends ties with BRICS countries, the US will remain isolated, and other countries scheme for its downfall.

While Europe is grappling with a realignment, maintaining cordial relations with BRICS member China is not a friendly option. The Communist country aims to dominate the global financial sector and keep the West in the backseat. The US needs to maintain its relations with Europe and not let things fall apart.

@ Newshounds News™

Source:  Watcher Guru

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HUGE CHANGE TO IRAQI DINAR JUST ANNOUNCED

The Central Bank of Iraq just announced it will create its own digital currency.

@ Newshounds News™

Source:  The Economic Ninja

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