News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points to Ponder Monday Afternoon 4-21-25

The Deputy Speaker Of Parliament Offers His Condolences To The Vatican And All Christians Around The World On The Passing Of The Holy Father.

Monday, April 21, 2025 | Politics Number of reads: 103  Baghdad / NINA / Deputy Speaker of Parliament Shakhwan Abdullah Ahmed offered his condolences to the Vatican and all Christians in the world on the death of His Holiness Pope Francis.

The Deputy Speaker of Parliament said, according to a statement by his media office: "With great sadness, we received, today, the news of the death of His Holiness Pope Francis."

The Deputy Speaker Of Parliament Offers His Condolences To The Vatican And All Christians Around The World On The Passing Of The Holy Father.

Monday, April 21, 2025 | Politics Number of reads: 103  Baghdad / NINA / Deputy Speaker of Parliament Shakhwan Abdullah Ahmed offered his condolences to the Vatican and all Christians in the world on the death of His Holiness Pope Francis.

The Deputy Speaker of Parliament said, according to a statement by his media office: "With great sadness, we received, today, the news of the death of His Holiness Pope Francis."

Shakhwan Ahmed offered his deepest condolences and sincere sympathy to the Vatican and to all Christians in the world on this painful occasion, praising his religious and humanitarian career and his great role in promoting dialogue between religions and cultures, asking God Almighty to grant his soul tranquility and eternal rest, and to inspire his loved ones and supporters with patience and solace. /End https://ninanews.com/Website/News/Details?Key=1199178

Iraq Is The Second Most Developed Country In The World For Oil Pipelines.

Energy  Economy News – Baghdad  Iraq ranks second globally in oil pipeline development, after China, according to a Washington-based US energy agency.

The unit stated in a report that "Iraq ranked second after China among the countries with the most developed oil pipelines by the end of 2024, with a total of 4,010 kilometers."

She added, "Of this total, 1,155 kilometers are currently under construction, while the proposed pipelines are estimated at 2,855 kilometers."

Iraq continues to remove mines obstructing oil and gas pipelines, alongside plans by the Iraqi Ministry of Oil to implement a third offshore pipeline project with a capacity of two million barrels per day. This pipeline aims to export Iraqi crude oil from the Faw reservoirs to the Faw oil port.

The country currently has 15 crude oil pipelines, totaling 2,090 miles, and 10 petroleum product pipelines, totaling 1,530 miles.   https://economy-news.net/content.php?id=54659

Rafidain Bank Announces The Third Issuance Of National Investment Bonds.

Time: 2025/04/21 Reading: 120 times  In line with the directives of the Ministry of Finance and the Central Bank of Iraq, Rafidain Bank is offering citizens and investors a unique investment opportunity through the third issue of national bonds, which will be offered for subscription from April 20, 2025, until May 20, 2025, in two categories that generate fixed and rewarding returns:

Details of the offered bonds:
1. Investment bond worth (500,000) five hundred thousand dinars
• Annual return: 8%
• Investment period: two years
• Interest payment: every six months
2. Investment bond worth (1,000,000) one million dinars
• Annual return: 10%
• Investment period: four years
• Interest payment: every six months

Why invest with us?
• A guaranteed and fixed return higher than traditional banking returns
• A national investment supported by the state through the Ministry of Finance and the Central Bank
• An ideal opportunity for savers and those looking for a safe investment
• Available to individuals and companies

We invite you to seize this lucrative investment opportunity by visiting the nearest Rafidain Bank branch in Baghdad and the governorates to submit a purchase request and benefit from the benefits of this issuance.   LINK

 

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

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

How to Find Your Money ‘Why’

How to Find Your Money ‘Why’

By Katherine Fusco March 9, 2022

There are lots of reasons to spend money, some good, some bad, most compelling. Of course, this is by design.  Not spending money, though… that’s a trickier thing. The reasons not to spend—or to save, if you’d like to put it more positively—are often vague, rooted in a fuzzy sense of what one should do.

When people are tired or temptations are especially aggressive (hello, holiday season!), the vague thought: I should pay off my debt, crumbles in the face of beautiful store displays or delicious scents wafting from strategically open bakery doors.

How to Find Your Money ‘Why’

By Katherine Fusco March 9, 2022

There are lots of reasons to spend money, some good, some bad, most compelling. Of course, this is by design.  Not spending money, though… that’s a trickier thing. The reasons not to spend—or to save, if you’d like to put it more positively—are often vague, rooted in a fuzzy sense of what one should do.

When people are tired or temptations are especially aggressive (hello, holiday season!), the vague thought: I should pay off my debt, crumbles in the face of beautiful store displays or delicious scents wafting from strategically open bakery doors.

More than this, advertising often appeals to our sense of self, frequently tying products to concepts or feelings that we truly believe in. How many bath bombs have been purchased on credit cards in the name of self-care? How many unused vitamins and supplements under the name of wellness?

Pink things for breast cancer awareness? Maybe an embarrassment of water bottles and reusable bags under the name of environmentalism, even though the environmental thing would be shopping less overall? Against all these compelling, ego-supporting reasons to shop, the vague adulting calls to save more and spend less don’t stand a chance.

Just as advertisers know to tap into your sense of self through fairly specific identity appeals—Are you a dog-loving hiker? Here’s a four-wheel-drive station wagon—you can also meet your own financial needs by developing your own money mantra, or “why.”

The importance of considering our feelings and values when it comes to money has gained traction in the field of economics. As the journal Applied Economics reports, “individualized cultural values measures do indeed explain part of the financial behavior of households.” Becoming more concretely aware of cultural, familial and personal values might thus be an important key to better personal finance.

Here are a few techniques to use for getting in touch with your money “why”:

1. Tap into your core values.

What’s most important to you? Unlike with the next two exercises, you’re allowed to be a bit vague here. You might find yourself naming things like “beauty,” “health,” “community,” “family” or even something grander, like “justice.” Faced with spending decisions, you might ask yourself whether a purchase supports your core values. Now, sometimes the answer is an obvious “no.

” This new lip-gloss/headset/hamburger does not contribute to social justice. But sometimes advertisers will attempt to target your core values in sneaky ways. For example, a fuel-efficient car seems like a truly environmental choice; however, it’s not as environmental as simply not buying something.

In her book Loaded, behavioral economist Sarah Newcomb writes about these values in terms of “needs” and explains that the infamous “latte factor” can in fact be scratching the need for “social connection.” If you enjoy visiting your local coffee shop.

If this is the case, then simply saying, “I’m cutting the coffee” isn’t going to work, because the latte was never just about the caffeine hit to begin with; it was about the bond with the other regulars at the coffee shop. As you spend time reflecting on your values, start listing low-cost and free ways of sustaining them.

For example, if you feel advertisements for green juice are exploiting your value of “good health,” turn to your list of other habits and consider a vigorous workout or make a water-drinking chart for yourself in your notebook. You may still get the “hit” of supporting what you value without the hit to your wallet.

2. Do the priority exercise.

Prioritization can be a painful practice because it involves choosing one option above all others. Not wanting to make such choices can be part of how we end up in consumer debt.

TO READ MORE : https://www.success.com/how-to-find-your-money-why/

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

“Bits and Pieces” in Dinarland Monday 4-21-2025

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. 21 April 2025

Compiled Mon. 21April 2025 12:01 am EST by Judy Byington

Sun. 20 April As We Enter the Final Phase – Trust The Plan. …Julian Assange

That system is collapsing. The Global Currency Reset is being activated. Restored Republics are forming as we speak. The Cabal is being exposed and taken down.

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. 21 April 2025

Compiled Mon. 21April 2025 12:01 am EST by Judy Byington

Sun. 20 April As We Enter the Final Phase – Trust The Plan. …Julian Assange

That system is collapsing. The Global Currency Reset is being activated. Restored Republics are forming as we speak. The Cabal is being exposed and taken down.

Sat. 20 April 2025: Quantum GESARA: G.E.S.A.R.A, Farmers Plan & More – Power Back to the People! …Nesara/Gesara on Telegram

QUANTUM GESARA: THE FINAL RESET HAS BEGUN In the midst of global turmoil and a crumbling fiat economy, a revolutionary system is emerging: Quantum GESARA. . It fuses NESARA/GESARA, quantum technology, the 1955 Price Reset, and the long-hidden Farmers Plan into one coordinated strike against the Deepstate’s economic empire. The reset isn’t coming—it’s underway.

A RETURN TO 1955: THE AMERICAN DREAM REBORN: Imagine a world where you can buy a home for the cost of a modern-day appliance. That’s the promise of the 1955 reset. Through the resurrection of suppressed executive orders and sovereign common law, we’re entering a phase where inflation is crushed, debt is erased, and life becomes affordable again. This isn’t nostalgia—it’s policy. History is being reversed.

The U.S. Treasury is aligning with ISO20022 and Rainbow Treasury Notes backed by gold and silver. The Federal Reserve? (allegedly) Gone. StarLink is the new nervous system of commerce. And with Quantum Internet on the rise, censorship will be obliterated as the truth floods the globe.

THE GLOBAL CURRENCY RESET (GCR): THE MOAB HAS DETONATED The GCR—aka The Mother of All Bombs—has been triggered. Treasury-backed Rainbow Notes are live in test markets. The old fiat system is disintegrating. A 10-day shutdown will (allegedly) activate the Emergency Broadcast System (EBS), and following a three-day Quantum Blockchain Election, governments will reset under new leadership—downsized by 90%.

RESTITUTION AND JUSTICE: NESARA, GESARA, AND THE ST GERMAIN TRUST Where is the stolen wealth? Who hijacked the prosperity programs? The answers are being exposed. The return of taxes paid, reparations for illigal foreclosures, and justice for the stolen St Germain Trust are at the core of NESARA/GESARA. This is not theory—it’s restitution.

Possible Calendar of Events …EBS Activated on Telegram

Tues. 6 May All banks gone Quantum: Fiat = DEAD. Gold, silver, energy-tokens: QFS ACTIVE.

~~~~~~~~~~

Global Currency Reset:

Sun. 20 April 2025: Final execution in progress. The wait is over. …Mr. Pool @rM_looP311-7211

Notifications will be (allegedly) delivered Mon. 21 April 2025 and Tues. 22 April 2025

Confirmed: Tier4b activations have (allegedly) begun!

The global financial system is in the midst of a transition. Major banking institutions in Zurich, the Rhineland and Hong Kong have entered the final liquidity phase. Important sources confirm that notifications are(allegedly)  already being sent.

It’s happening now. Historic moves (allegedly) underway!

Multiple sources report that the QFS is clearing high-value transactions, ensuring large-scale liquidity deployment across multiple levels. Private banking sources confirm that funds are being transferred to designated accounts. This is(allegedly)  the final stage before the public launch!

Urgent: Bank screens now(allegedly)  displaying live trading rates!

IQD: $9.35 – now activated on internal banking platforms!
VND: US$5.89 – Surpassing projected levels!
ZIM: Processing – Elite groups now receiving!

Private Jet landing: high level transactions confirmed!

Military and government agents have (allegedly) arrived in Reno and Hong Kong. Elite bank employees are being escorted under security protocols; something historic is happening.

The next six to twelve hours are crucial.

The Deepstate Cabal has lost control: their desperate moves are (allegedly) being halted in real time. The new gold-backed financial system ha(allegedly) s arrived. This is global economic liberation in action. The last switch is filling! Get ready! Keep an eye on your inbox. Once this process is complete, nothing can stop it.

April 2025 Wolverine: Trump’s Executive Order has confirmed that GESARA mandates are now in effect: Exchange Centers have (allegedly) activated, Biometric Confidentiality Agreement(allegedly) s in place; Quantum Access Cards (allegedly) distributed; Military Courts(allegedly)  in progress; Digital Gold Wallets (allegedly) ready and the Starlink controlled Global transition was(allegedly)  in full progress. God bless you all.

Fri. 18 April 2025: Breaking News: $980 Trillion of Cabal Money Purged from Banks Unleashes Global Financial Turmoil – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2025/04/21/restored-republic-via-a-gcr-update-as-of-april-21-2025/

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

Frank26   I believe it's implemented.  I believe they're using the new exchange rate.  I can't prove it to you...but based on what I read...At 1310, 2 + 2 = is not 7. 2 + 2 is 4.  These articles, this is logical.  This is the truth.  They're telling you what they're doing, what they're going to do.  They're telling you how they're protecting the new exchange rate from parliament.   

Militia Man  'Investing in strategic minerals such as thorium could generate returns comparable to oil as thorium is cleaner and more important alternative than uranium.  Linking the value of the national currency to invest in the minerals depends on Iraq’s ability to enter valued added chains which contribute to raising the gross domestic product…This boom in mineral investment will positively impact fiscal and monetary policy by enhancing monetary stability.That’s what they want, monetary stability…It’s kind of a long article but it’s fascinating.  Linking the value of the national currency to investment based off their natural resources I think is quite simple to understand … The expectation is Iraq will have a real effective exchange rate and open up and integrate into the International financial system.

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

$10,000 Gold This Year? Monetary Reset Breadcrumbs In Plain Sight | Mike Maloney

4-21-2025

Is the U.S. preparing for a monetary reset backed by gold?

In this powerful exposé, we follow the trail of breadcrumbs—from historical cycles and central bank actions to the massive inflows of gold into U.S. vaults.

 Discover how past monetary transitions line up with today’s geopolitical and financial chaos, and why a $10,000 gold price may be more than just speculation—it could be imminent reality.

Inside This Video:

The 50-year monetary reset cycle

Surging U.S. gold imports and Fort Knox whispers

Treasury officials hinting at a new gold standard

 A step-by-step breakdown of how gold could hit $10,000

https://www.youtube.com/watch?v=GGsWLA7s9Ow

 

 

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Monday Coffee with MarkZ. 04/21/2025

Monday Coffee with MarkZ. 04/21/2025

Some highlights by PDK-Not verbatim

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

Member: Good morning everyone and I hope you all had a very Happy Easter.

Member: Remember March 28 1991 Kuwait Revalued during the Easter weekend.

Monday Coffee with MarkZ. 04/21/2025

Some highlights by PDK-Not verbatim

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

Member: Good morning everyone and I hope you all had a very Happy Easter.

Member: Remember March 28 1991 Kuwait Revalued during the Easter weekend.

MZ: Big start to the morning. If you all didn’t know yet- The pope has died…..and Klaus Schwab has stepped down for the World Economic Forum. Effective immediately. This is a very interesting Monday and very interesting timing.

Member: I can’t wait to see how the rest of the week will play out!

Member: Queen Elizabeth’s Birthday today…. and Pope dies on her birthday? … coincidence?

Member: The pope died at 88 yrs old….Schwab is 88 and retired today. Another coincidence?

MZ: Vice President JD Vance visited the pope this weekend….conspiracy theories will be all over today.

Member: Any new bond or bank stories over the weekend?

Member: Any bond news? is there a written process on how the bonds are paid? is the money in banks to pay bonds? what happened to the traveling over Easter weekend?

MZ: On the bond side: sovereigns expecting payday this week. My biggest bond contact got this word …and I will not divulge which day I was told. These I know for a fact are 100% getting paid by a sovereign national treasury…by a country…..not a flipper. I feel very confident and good about this one. I am expecting a good bit of movement this week.

Member: I hope and pray that take us over the 30% threshold?

MZ: Based on what I have heard…..we should clearly cross that 30, 40, 50% level this week on bonds completion…..that is exciting..

Member: Rumors are JP Morgan Chase and Wells Fargo have officially announced their support for the long-awaited revaluation of the Iraqi Dinar (IQD) and Vietnamese Dong (VND).

Member: Another rumor- Trump holding a meeting with major US banks yesterday informing them of the coming currency RVs?

MZ: There are a lot of circle-tel rumors out there. I will not report on them until I get confirmation that they have happened.

Member: I wonder- does their need to be an announcement of gold back currency to rv and mr c put in the codes?

Member: DOW DOWN -661

Member: DOW has dropped to -747

Member: I asked the Wells Fargo teller if they were using the new system one said what new system another said yes & I was off for a week & they trained on it while I was off.

Member: Militia Man said for all the ones who think this is a scam... you are in for a rude awakening

MZ: In Iraq : “Despite the reports: There is no justifications for closing the Embassy in Baghdad”  supposedly Trump said they were going to close it down. I do not believe that is going to happen. It’s our biggest embassy anywhere in the world. We have seen all kinds of yoyo accounts in countries just before they reset. I take this one as a “diversion”

MZ: Trump has been sending more and more folks to Iraq to help them finish the completion of their reforms and preparations for their ascent to the World Trade organization. .

MZ: They have told us repeatedly that the final goal is to increase the purchasing power of all Iraqis.

MZ: “Sudanese advisor: Iraqs hard currency reserves are fine”

Member: From X: Mastercard informs the Central Bank of Iraq of the suspension of domestic and international transactions on its cards issued by Iraqi banks due to new regulatory directives

MZ: “Sudani: the Nesariyah combined power station project is one of the important projects that will enhance the supply of electricity in the national system” This project is being implemented by the German company “Seimans”. This is more of them modernizing for stability and removing the Iranian influence.

MZ: “Why is it important for American companies to visit Iraq?” For stability of course. There are a number of US and International companies that signed with the private sector. They need this for the reform process.

MZ: I keep hearing there is a rate tucked into the budget tables….and they are doing their best to stall the budget until they get the clearance to “GO”….That is the rumor I am getting out of Iraq from Iraqi sources.

MZ: “Chinese geologist announce yet another massive 1,000 tonne gold deposit and its easy to mine”  Every day last week it seems they announced finding more gold, lithium deposits, massive commodity discoveries all over the world.

MZ: Chinas currency the yuan is imploding and they will have to announce their total gold holdings soon.

MZ: “More than any other in history-17,000.000 tons of copper underground in America”  over 17 million tons of copper to help fuel Americas expansion back into manufacturing. All this is found as they are getting ready to reset.

Member: all of that will help asset backing our currency….just sayin

MZ: “The Global safe haven is slowly breaking. Why Central Banks are turning to gold” This is a great read from Gold telegraph on why the world is returning to a “Gold Standard”

MZ: “Trump Vs Powell: New Gold Backed Sound money Plan revealed : Judy Shelton”  Great video from Soar financially. It appears Judy Shelton is the leading candidate to take Powell’s place. They are all talking about returning to a gold backed financial system.

Member: I cannot wait to tell folks “I told you so” Tired of being thought of as “crazy”

Member: Well at least we’re all ridin the “crazy train” together!

Member: I feel like we’re finally starting to see light or hope at the end of the tunnel!!!

Member: MarkZ thank you for everything you’ve done, and I’m glad you’re taking Monday and Friday evenings off.

Member: Thanks Mark, Mods and Everyone!!! God Bless and Much love

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=Hs-RCFXb868

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Monday 4-21-2025

TNT:

Tishwash:  What is the importance of American companies visiting Iraq?

The Federation of Iraqi Chambers of Commerce affirmed on Monday that the visit of American companies is a message to the world that Iraq is a safe environment. It also explained that the visit resulted in an agreement on a regulatory framework for the private sector.

Abdul Razzaq Al-Zuhairi, head of the Federation of Iraqi Chambers of Commerce, said, "The visit of American companies to Iraq to invest and work with Iraqi businessmen is a positive and important step for Iraq."

He explained that "Iraq is a fertile environment, and the visit of American companies to Iraq is a positive message to all countries of the world that Iraq is a safe environment."

TNT:

Tishwash:  What is the importance of American companies visiting Iraq?

The Federation of Iraqi Chambers of Commerce affirmed on Monday that the visit of American companies is a message to the world that Iraq is a safe environment. It also explained that the visit resulted in an agreement on a regulatory framework for the private sector.

Abdul Razzaq Al-Zuhairi, head of the Federation of Iraqi Chambers of Commerce, said, "The visit of American companies to Iraq to invest and work with Iraqi businessmen is a positive and important step for Iraq."

He explained that "Iraq is a fertile environment, and the visit of American companies to Iraq is a positive message to all countries of the world that Iraq is a safe environment."

He added, "American companies have signed numerous agreements with the Iraqi private sector in the fields of electric power and renewable energy. The most important memorandum is the signing of a regulatory framework between the Iraqi and American private sectors by the American Chamber of Commerce and the Iraqi Chamber of Commerce."

He pointed out that "a number of American companies have signed agreements with the private sector, most notably the global company Google, which is seeking to enter Iraq. Its representative came and wrote a positive message about Iraq, stating that Iraq is safe, which is an important message to the world."  link

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

Tishwash:  Representatives of the Iraqi oil ministry, KRG, and APIKUR meet in Erbil, April 20, 2025.

A trilateral meeting was convened in Erbil on Sunday among representatives of the Iraqi Ministry of Oil, Kurdistan Regional Government (KRG), and the Association of the Petroleum Industry of Kurdistan (APIKUR) to address critical issues concerning the Kurdistan Region's oil sector, with a primary focus on resuming oil exports. Omid Sabah, Chief of Staff of the KRG Council of Ministers, stated that discussions involved the operational activities of oil companies and explored mechanisms to facilitate the restart of exports. 

The meeting also considered the challenges and proposals presented by these companies to create a conducive environment for resuming oil exports promptly.​

Despite the Iraqi Parliament's approval of amendments to the federal budget law on February 2, 2025, particularly Article 12 concerning the resumption of Kurdistan's oil exports, disagreements between the federal government and the KRG have hindered the implementation of these provisions. The amendments stipulate that the federal Ministry of Finance will compensate the KRG for production and transportation costs of oil delivered to the State Oil Marketing Organization (SOMO). An international technical advisory body, to be appointed jointly by the federal and regional governments, was tasked with determining the fair cost of production and transportation for each oil field within 60 days of the law's enactment. However, this deadline has passed without an agreement, prompting concerns from Iraqi lawmakers.​

Adnan al-Jaberi, Deputy Chairman of the Iraqi Parliament's Oil and Gas Committee, emphasized that the 60-day period to select a consulting firm has expired without consensus. He noted that, in the absence of agreement, the federal government reserves the right to unilaterally appoint the advisory body.​

Meanwhile, oil production companies operating in the Kurdistan Region have expressed skepticism toward the Iraqi Ministry of Oil. These companies demand the settlement of outstanding payments for past production, advance payments, and future guarantees as prerequisites for resuming export operations.​

The halt in oil exports since March 2023, following a ruling by the International Chamber of Commerce in Paris, has significantly impacted the Kurdistan Region's economy, leading to delays in public sector salaries and reductions in essential services. Baghdad is under increasing pressure to resolve these disputes to restore financial stability and economic growth across Iraq.​

As negotiations continue, the resumption of oil exports remains contingent upon resolving contractual disagreements, ensuring fair compensation for production and transportation costs, and rebuilding trust between the federal government and oil companies operating in the region.

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

Tishwash:   The Central Bank launches the virtual bank project.

The Central Bank of Iraq announces its adoption of a project to launch a virtual bank in Iraqi universities. This is the first virtual bank to be established in an Iraqi university. The first phase will be held at Al-Muthanna University, which hosted a comprehensive exhibition held on the sidelines of the second scientific conference "Artificial Intelligence and Labor Market Requirements."

The conference was organized by the University's College of Administration and Economics, in cooperation with Mansoura University of Egypt, the Central Bank of Iraq, the Muthanna Chamber of Commerce, and the Muthanna Chamber of Industry.

The exhibition included pavilions representing a group of banks and companies, as well as displays of fine art and heritage.

The virtual bank project aims to provide students and graduates with practical experience in banking, preparing them to develop human resources capable of meeting the needs of financial institutions. It also aims to provide students with practical experience by simulating the work of financial institutions and adopting international best practices.

It also aims to encourage financial institutions operating in Iraq to access and expand financial services to all geographical regions of Iraq, with the aim of strengthening financial inclusion plans.

Central Bank of Iraq
Media Office
April 20, 2025  link

Mot: Those Voices in da Head!! -- Always important to Listen to um - Ya Knows!!!

Mot: .... Just uns Perspective Fer Sure!!! 

 

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Monday Morning 4-21-25

Good Morning Dinar Recaps,

CARDANO FOUNDER SAYS BUTERIN’S NEW ETHEREUM PROPOSAL ‘MAKES SENSE’

A fleeting exchange on social media has drawn two of the crypto sector’s most prominent protocol architects into unexpected alignment. On Sunday, Cardano creator Charles Hoskinson replied to a technical blog post from Ethereum co‑founder Vitalik Buterin with a terse endorsement: “It makes sense, we are using RISC V with BitVMX. It’s the future.”

Good Morning Dinar Recaps,

CARDANO FOUNDER SAYS BUTERIN’S NEW ETHEREUM PROPOSAL ‘MAKES SENSE’

A fleeting exchange on social media has drawn two of the crypto sector’s most prominent protocol architects into unexpected alignment. On Sunday, Cardano creator Charles Hoskinson replied to a technical blog post from Ethereum co‑founder Vitalik Buterin with a terse endorsement: “It makes sense, we are using RISC V with BitVMX. It’s the future.”

Buterin’s Latest Proposal For Ethereum

The comment was triggered by Buterin’s newly published “Long‑term L1 execution layer proposal” on the Ethereum Magicians forum, where he argues that Ethereum should abandon the Ethereum Virtual Machine (EVM) in favour of the open‑source RISC‑V instruction‑set architecture.

In the proposal Buterin calls the idea “equally as ambitious as the beam‑chain effort is for the consensus layer,” contending that a RISC‑V transition would “greatly improve the efficiency of the Ethereum execution layer, resolving one of the primary scaling bottlenecks,” while also simplifying the core codebase. He stresses that the familiar account model and opcodes “would stay exactly the same,” explaining that opcodes such as SLOAD, SSTORE and CALL would be exposed to contracts as RISC‑V syscalls.

“Old‑style EVM contracts will continue to work and will be fully two‑way interoperable with new‑style RISC‑V contracts,” he adds, sketching implementation paths that range from a dual‑VM environment to a more radical interpreter‑based migration.

Buterin’s technical motivation centres on the cost of proving EVM execution inside zero‑knowledge circuits. He points to measurements from Succinct’s ZK‑EVM showing that four tasks—deserialising inputs, initialising the witness database, computing state roots and executing blocks—consume the bulk of prover cycles.

The last of those, block execution, alone accounts for roughly half of total proving time. “Some numbers suggest that in limited cases, this could give efficiency gains over 100 ×,” Buterin writes, suggesting that direct access to a RISC‑V virtual machine could eliminate the overhead of compiling the EVM into RISC‑V for ZK proof generation. He argues that even if pre‑compiles become the new bottleneck, the shift would still produce “very significant” performance wins.

Cardano’s Use Of RISC‑V

Hoskinson’s swift assent carries weight because Cardano has been building around the same architecture. The network’s extended UTxO model is now being paired with BitVMX FORCE, a collaborative effort designed to let Cardano dApps tap into Bitcoin’s liquidity and decentralised‑finance activity.

BitVMX emulates a general‑purpose CPU for Bitcoin using RISC‑V, which in turn lets Cardano’s domain‑specific languages—Plutus and the low‑level Aiken—compile contracts that run seamlessly on either chain. By adopting the same instruction set for its off‑chain circuits,

Cardano hopes to render zero‑knowledge proofs more efficient and to facilitate cross‑chain functionality without resorting to trusted bridges.

RISC‑V’s appeal is two‑fold. As an open specification it avoids licensing constraints while offering implementers freedom to add extensions; at the same time, it’s simple, orthogonal design is friendlier to zero‑knowledge proof systems than the EVM’s eclectic opcode catalogue or Bitcoin’s austere script. 

Hoskinson’s It’s the future” therefore describes not merely Cardano’s roadmap but a growing industry trend, now echoed inside Ethereum’s own research circles.

Whether Ethereum’s highly conservative core‑dev process will embrace Buterin’s proposal remains uncertain. The Beacon‑chain merge, the Cancun/Deneb upgrade and the push toward statelessness already crowd the execution‑layer agenda.

Yet the fact that both a UTXO‑based competitor and the originator of account‑based smart contracts now cite RISC‑V as the optimal long‑term target suggests that the argument will not dissipate quickly. As Buterin concludes, stripping the base layer to “well within” ten thousand lines of code may require “this kind of radical change.

@ Newshounds News™
Source:  
Bitcoinist

~~~~~~~~~

SOUTH KOREA'S CENTRAL BANK VOWS TO 'ACTIVELY PARTICIPATE' IN STABLECOIN LEGISLATION DEVELOPMENT

▪️The Bank of Korea said it will actively participate in developing stablecoin regulations to prevent potential risk to monetary and financial stability.

▪️The country is working on the second part of its crypto legislation, which is set to focus on stablecoins and transparency requirements for crypto services.


The Bank of Korea said it will "actively participate" in the country's efforts to build a regulatory framework for stablecoins in order to mitigate potential monetary and financial risks.

"Unlike general virtual assets, stablecoins inherently possess characteristics of a payment measure," the BOK said in a payment systems report on Monday. "If their usage expands, they could … undermine the effectiveness of monetary policies."

The central bank also pointed out that stablecoins could transmit risks from crypto-related crises to the traditional financial market, threatening financial stability and the integrity of payment and settlement systems.

"The [Bank of Korea] intends to present its views on the desirable direction of stablecoin regulation from a central bank perspective," 
the bank said.

South Korea is currently developing a follow-up legal framework to its inaugural crypto law, which took effect in July 2024 and focuses heavily on protecting crypto investors by setting stricter requirements for exchanges.

The second bill is set to establish a regulatory framework for stablecoins and provide clearer classifications for crypto service providers, along with rules for more transparent token listings and disclosures, the BOK said in its report.

South Korea's Financial Services Commission previously announced that it would start drafting the legislation in the second half of this year.

The BOK report suggested that the country had 18.25 million crypto investors as of December 2024, which is more than 35% of its current total population. The top five exchanges in South Korea see an average daily trading volume of around $12.1 billion.

In a parallel effort, the BOK is testing its central bank digital currency with participation from citizens, retail shops and local banks to determine its commercial feasibility. Local news outlets reported that the central bank's planned second-stage trial, set for October, will explore peer-to-peer transfers of the CBDC.

@ Newshounds News™
Source:  
The Block

~~~~~~~~~

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15 Folks Who Lost Everything Are Revealing What Actually Happened And It Shows How Broken Our System Really Is 

15 Folks Who Lost Everything Are Revealing What Actually Happened

 And It Shows How Broken Our System Really Is 

Aaron Ant  Sun, April 20, 2025  BuzzFeed

Money isn't a measure of character, but society acts like it is. And that couldn't be further from the truth. It's important to hear that at a time when financial anxieties are at an all-time high.

Jobs are vanishing, the stock market is fluctuating, medical bills are piling up, and government budget cuts are putting Social Security and other public services at risk. For some, the economic situation we're currently facing mirrors previous recessions.

15 Folks Who Lost Everything Are Revealing What Actually Happened

 And It Shows How Broken Our System Really Is 

Aaron Ant  Sun, April 20, 2025  BuzzFeed

Money isn't a measure of character, but society acts like it is. And that couldn't be further from the truth. It's important to hear that at a time when financial anxieties are at an all-time high.

Jobs are vanishing, the stock market is fluctuating, medical bills are piling up, and government budget cuts are putting Social Security and other public services at risk. For some, the economic situation we're currently facing mirrors previous recessions.

Bankruptcy and financial loss aren't personal failures in any capacity. More often than not, it's a case of someone in a system that's already working against them.

Last week, I asked members of the BuzzFeed Community to open up about experiencing bankruptcy or losing it all, and these submissions shared some honest insight into how they handled or are currently handling debt and stress.

Note: Some submissions have been edited and condensed for clarity. Some responses are from this Reddit thread

1."So, I was a stay-at-home mom at the time, because my old job hadn’t paid enough to cover daycare. My ex-husband made enough for us to live on, but nothing more, really. My parents helped put him through grad school. Then he committed crimes and was fired (of course), and I was unemployed with two kids and no daycare openings.

I scrambled to find a job and a place to live, and am eternally grateful for my parents’ support. That said, my job paid about a quarter of what his did, so there was no choice. I’m a little more than halfway through."

"That’s the backstory, but here’s the truth: it’s MORTIFYING. The bank I’d been using since I was 15 closed my account unceremoniously. Didn’t matter that I hadn’t had any loans through them that were discharged. Just cut me off and mailed me a check weeks later. I can’t get a cellphone plan or any reasonable insurance, I had to pay cash for a car, and thank heavens, my parents were willing to have their names on my utilities because the WATER company refused to give me an account.

Before this, I’d never missed payments or fallen behind, and had good credit. It was so good that most of the debt was in my name, which probably worked out great for my crap bag ex. So that’s it, I pay for someone else’s mistakes every day. And if it weren’t for my parents, it would have been catastrophically worse."   —shannonmiz

2."I'm a bankruptcy paralegal, and honestly, people think it will be so much worse, but it's a fairly simple process. Even the 341 meeting of creditors isn't that bad. Bankruptcy forms are free online, and if you want to file, my biggest advice is to fill out forms A/B (personal property), I (income), and J (expenses) because a lot of the holdup is just trying to get that info. So many people will call crying after their discharge, thanking us because they feel the weight off their chest."   —monikap6

3."American here. My husband and I filed after I got sick and couldn’t work for two years, racking up medical debt without the income to pay it, and using credit cards to buy groceries and basic needs. We had to move back in with my family because we couldn’t afford rent. We filed a Chapter 13, which meant we still owed a large portion of the money, but a fraction of the total. We've just paid it off after five years of payments."

"We’re wiser about our budget now, we’ve completed credit counseling, and our income has now increased to where we rent and our only debt is student loans. We’ll have to get secured credit cards and build credit back up slowly. It’s a long process, but I’m so thankful we did it. The payments were tough, but manageable, and we now have a sense of accomplishment, as well as a sense of how to build a nest in savings that can be there if one of us is out of work due to illness. It sucked, but I’m forever thankful."   —carak4a8cd43e8 

4."21 years ago, I'd just had a child. He turned 1, my spouse came home, and decided he wanted a divorce! I didn’t even know we were having issues! I mean, we just had a kid! I was always a happy-go-lucky type! Came out of nowhere! Discovered we were $100,000 in debt!"

TO READ MORE:  https://www.yahoo.com/finance/news/americans-doom-buying-coffee-olive-224100006.html 

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Monday AM 4-21-2025

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.

Ariel : Flipping the Switch?

4-20-2025

Happy Easter Everyone

Nobody can say they did not hear “The Trump Card” mentioned along side the Gold Card at a recent meeting some days ago.

We have always heard Easter was the timeline. Well today would be the prime event for such a vision of foretold tales.

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.

Ariel : Flipping the Switch?

4-20-2025

Happy Easter Everyone

Nobody can say they did not hear “The Trump Card” mentioned along side the Gold Card at a recent meeting some days ago.

We have always heard Easter was the timeline. Well today would be the prime event for such a vision of foretold tales.

But what is the nature of this ‘Trump Card’?

Does it really come down to flipping the switch in terms of the new financial system?

Many would say so base on many symbolic gestures of those who are considered crypto demigods to some.

But I would be a hypocrite if I was not the one also saying this years ago when I mentioned that the Iraqi Dinar will be the kick off point to an entire new financial system.

And Iraq has shown major progress in that regard. As many announcements have been made over the past couple of weeks that shows they are serious about going international.

Trump Card Defined: A coded operation, rooted in Trump’s authority, to shift the world to a gold-backed financial system, ending fiat currency manipulation.

Iraqi Dinar’s Role: Its revaluation, announced in early 2025, triggers the reset, as Iraq’s economic integration destabilizes the petrodollar.

Easter Timeline: Easter Sunday 2025 (April 20) is the designated date for the reset’s public phase? Aligning with symbolic rebirth and Trump’s strategic messaging.

Gold Card Connection: Represents the new currency standard, backed by gold reserves, already in use by select TDC operatives since 2023.

Trump’s  (possible) Intent: To dismantle Cabal-controlled financial systems, free humanity from economic oppression, and secure his legacy as a liberator.

There is so much to choose from.

Does this align with the nature of the ‘Trump Card’?

Are we really at the cusp of this happening?

We do not have long to find out. Because Melania Trump said something very interesting a couple of days ago.

Did any of you catch it?

Source(s):
https://x.com/Prolotario1/status/1914042395810812277

https://dinarchronicles.com/2025/04/20/ariel-prolotario1-flipping-the-switch/

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

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

Militia Man  Those that are out there that believe this was a scam, you’ve been told it’s a scam and those not invested,  they’re going to have a rude awakening…It’s going to be a horrible one.  I think a lot of people are gonna be really bummed out because of this event.  It’s not just about Iraq.  It’s about all kinds of countries and it’s a really big deal and a complex.

Frank26   What's going on right nowWe seek security and stability for the new exchange rate.  That's it.  Do we seek the budget?  Well, only if it has a new exchange rate.  If not, you can just see the dog-on-thing, I don't want it.  Do we seek the contracts Only the rewritten contracts with the new exchange rate in it.  Other than that I don't care about your 'memo of understanding' or anything else.  Do we seek the HCLWhat good does it do you you don't have an exchange rate...We're waiting for the new exchange rate.  Everything waits for the new exchange rate.  And how are we going to get it? ...Iran, deal or no deal?

URGENT BREAKING NEWS Iraq's $16 Trillion Windfall

Edu Matrix:  4-20-2025

00:00:00 Iraq's Hidden Wealth

00:00:16 A Global Leader

 00:00:58 Billions Beneath the Surface

00:01:19 The Thorium and Uranium Opportunity

00:01:43 Building the Future

00:02:03 A Global Player

00:02:15 Iraq's Strategic Advantage

 00:02:31 Iraq's True Potential

https://www.youtube.com/watch?v=QHSy1QAxjVA

Trump Launches A Gold-Backed Plan To End Fiat Currency | Andy Schectman

Two Dollars Investing:  4-20-2025

https://www.youtube.com/watch?v=ygirY9fuWgY

 

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Some “Iraq News” Posted by Clare at KTFA 4-20-2025

KTFA

Clare:  Al-Sudani congratulates Christians on Easter: May you have good health, safety and peace every year.

4/20/2025  Baghdad –

"We care about the precious diversity of our homeland."

Prime Minister Mohammed Shia al-Sudani congratulated Christians on Easter Sunday, affirming the government's interest in and support for diversity, which he said represents a source of strength and social and cultural richness. 

KTFA

Clare:  Al-Sudani congratulates Christians on Easter: May you have good health, safety and peace every year.

4/20/2025  Baghdad –

"We care about the precious diversity of our homeland."

Prime Minister Mohammed Shia al-Sudani congratulated Christians on Easter Sunday, affirming the government's interest in and support for diversity, which he said represents a source of strength and social and cultural richness.  LINK

Clare:  The Central Bank launches the virtual bank project.

The Central Bank of Iraq announces its adoption of a project to launch a virtual bank in Iraqi universities. This is the first virtual bank to be established in an Iraqi university. The first phase will be held at Al-Muthanna University, which hosted a comprehensive exhibition held on the sidelines of the second scientific conference "Artificial Intelligence and Labor Market Requirements."

The conference was organized by the University's College of Administration and Economics, in cooperation with Mansoura University of Egypt, the Central Bank of Iraq, the Muthanna Chamber of Commerce, and the Muthanna Chamber of Industry.

 The exhibition included pavilions representing a group of banks and companies, as well as displays of fine art and heritage.

The virtual bank project aims to provide students and graduates with practical experience in banking, preparing them to develop human resources capable of meeting the needs of financial institutions. It also aims to provide students with practical experience by simulating the work of financial institutions and adopting international best practices.

It also aims to encourage financial institutions operating in Iraq to access and expand financial services to all geographical regions of Iraq, with the aim of strengthening financial inclusion plans.

Central Bank of Iraq
Media Office
April 20, 2025

https://cbi.iq/news/view/2855

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

Clare:  Baghdad and Erbil are discussing with foreign companies a mechanism for resuming the region's oil exports.

4/20/2025 Baghdad

An informed source revealed on Saturday that a tripartite meeting was held in Erbil, bringing together representatives of the federal government, the Kurdistan Regional Government, and foreign oil companies operating in the region, to discuss a mechanism for resuming Kurdistan's oil exports.

The source told Al-Ahed News, "The meeting addressed the activities of oil investment companies, discussed ways to resume oil exports from the region, and listened to the views of production companies regarding the next steps."

He added, "The meeting witnessed an extensive discussion of the technical and logistical challenges hindering the resumption of exports, and the importance of coordination between all parties was emphasized to ensure positive outcomes that serve the country's interests."

It is noteworthy that a meeting scheduled to be held last Saturday in the capital, Baghdad, between the federal Ministry of Oil, the Ministry of Natural Resources in the regional government, and the Kurdistan Oil Industries Union (APIKUR), was postponed for reasons yet to be revealed.  LINK

Clare:  Al-Sudani directs a re-evaluation of the oil licensing rounds in Iraq.

4/20/2025

Prime Minister Mohammed Shia al-Sudani directed, on Sunday, the need to re-evaluate the licensing rounds experience 15 years after their launch, stressing the need to work to remove obstacles facing investors in the oil and gas sector.

This came after he chaired a meeting with representatives of major foreign oil companies operating in Iraq, attended by the Minister of Oil, relevant authorities within the ministry, the Board of Supreme Audit, the General Tax Authority, and the Employment Department at the Ministry of Labor and Social Affairs, according to a statement issued by the Iraqi government.

The statement noted that the meeting, the second of its kind, discussed several issues, most notably the mechanism for stopping gas flaring and its investment, the water injection strategy, and the growth of investment in the oil sector, in addition to work permits and social security.

Al-Sudani directed the need to address the obstacles impeding project implementation, stressing that the partnership with companies in this regard is strategic and represents a government priority in maintaining and increasing production rates.

The Prime Minister emphasized the goal of developing production and raising the efficiency of oil reservoir management by introducing modern technology, improving facility performance, and ending the flaring of associated gas. He also emphasized the importance of achieving optimal utilization of this gas, whether in operating power plants or supporting vital industries such as petrochemicals, fertilizers, iron, and steel.

Al-Sudani also noted that the government is working to improve the operating environment for oil companies, enhance security at various sites and facilities, and develop infrastructure. He explained that the government is looking to enter into a long-term partnership with oil companies to ensure optimal use of oil and gas resources in a way that benefits the people and achieves development goals.  LINK

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

Clare: Prime Minister's Advisor: The annual deficit set in the three-year budget is precautionary.

4/20/2025- Baghdad

Advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed on Sunday that the annual deficit set in the three-year budget is precautionary and within maximum spending limits. He explained that the three-year budget is based on a preventative philosophy to achieve economic and social goals without risks.

“The amended federal general budget, which was legislated under Law No. 13 of 2023 (the three-year budget), is proceeding in its financial measures within what is called the financial scope or fiscal space, which is a realistic and preventive philosophy based on the principle of using the financial flexibility available to the public finances to adjust its policies in arranging its priorities (such as public spending, taxes, or support levels),” said the Prime Minister’s advisor, Mazhar Mohammed Salih, in an interview with the Iraqi News Agency, followed by “Al-Eqtisad News.”

He pointed out that “this is in order to achieve economic and social goals, without causing major risks to financial stability or excessive increases in public debt.”

Saleh noted that "the aforementioned three-year general budget law, supported by the current amended Financial Management Law No. 6 of 2019, undoubtedly provides the ability to address the set deficit limits with the minimum possible amount of money," indicating that "this is what public spending has followed during the first quarter of fiscal year 2025."

Saleh explained that "although the annual deficit recorded in the three-year budget is 64 trillion dinars, it is a precautionary deficit that was drawn and calculated within the maximum spending limits of 200 trillion dinars, and the export prices of a barrel of crude oil at an annual average of about $70, and exported quantities of about 3.4 million barrels of crude oil per day," noting that "the budget implemented in the fiscal year 2024 was with a comfortable ceiling that did not exceed 156 trillion dinars, with partial borrowings from the domestic financial market that also did not exceed less than half of the ceiling set for borrowing to cover the deficit, and with an average barrel of oil that was $75 per exported barrel."

He continued: "What we need today, in light of the fluctuations in the global oil market, the decline in the oil asset cycle and the expectations surrounding it, requires a review and high discipline in examining expenditures in general and operating expenditures in particular, and accurately controlling their paths and resorting to what is called a budget of sufficiency with the minimum level of expenditure while maximizing financial resources in a manner commensurate with the total expenditure that meets the basic needs of the national economy within the financial space, such as the importance of securing salaries, wages, pensions and social care as a first priority, in addition to agricultural support."

He added that "working to involve the private sector in and finance development projects is a testing opportunity to prove the role of the partnership between the state and the private sector in supporting development and demonstrating the role of the partnership philosophy in overcoming the economic challenges imposed by energy markets as an external international factor on the total economic activity."

He stressed that "the 2025 budget tables being prepared and presented to the House of Representatives must reflect the current conditions in the international economy, whether in terms of international trade protectionist wars or the cautious price fluctuations facing energy markets that affect the financial budgets of the OPEC+ group of countries, including our country, during the current year, in light of cautious global geopolitical and economic fluctuations that have not yet stabilized." LINK

 

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Iraq Economic News and Points to Ponder Sunday Afternoon 4-20-25

President Of The Republic: Iraq Possesses Enormous Wealth That Must Be Invested In Supporting Its Economy In The Best Possible Way.

Sunday, April 20, 2025 12:32 | EconomicNumber of reads: 309  Baghdad / NINA / President of the Republic, Abdul Latif Jamal Rashid, stressed, on Sunday, that Iraq possesses enormous and diverse wealth that must be invested in supporting its economy in the best possible way.

A presidential statement said that "President of the Republic, Abdul Latif Jamal Rashid, received at the Baghdad Palace, Minister of Industry and Minerals, Khaled Battal Al-Najm."

President Of The Republic: Iraq Possesses Enormous Wealth That Must Be Invested In Supporting Its Economy In The Best Possible Way.

Sunday, April 20, 2025 12:32 | EconomicNumber of reads: 309  Baghdad / NINA / President of the Republic, Abdul Latif Jamal Rashid, stressed, on Sunday, that Iraq possesses enormous and diverse wealth that must be invested in supporting its economy in the best possible way.

A presidential statement said that "President of the Republic, Abdul Latif Jamal Rashid, received at the Baghdad Palace, Minister of Industry and Minerals, Khaled Battal Al-Najm."

The President pointed out during the meeting that "Iraq possesses enormous and diverse wealth that must be invested in supporting the Iraqi economy in the best possible way."

The President of the Republic stressed "the importance of this in developing local industry and strengthening the economic situation," noting "the necessity of encouraging and supporting the private sector to contribute alongside the public sector in achieving sustainable development in the country."

For his part, Minister Al-Najm reviewed "the work of the ministry and the projects currently being implemented, in addition to its plans to enhance the industrial sector in Iraq," expressing "his appreciation for the President's interest and valuable directives."

The statement explained that the two sides discussed strategic plans aimed at encouraging the work of factories and plants to meet the needs of the local market. /End https://ninanews.com/Website/News/Details?key=1198916

Prime Minister's Advisor: The Annual Deficit Set In The Three-Year Budget Is Precautionary.

Money and Business   Economy News – Baghdad  Advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed on Sunday that the annual deficit set in the three-year budget is precautionary and within maximum spending limits. He explained that the three-year budget is based on a preventative philosophy to achieve economic and social goals without risks.

“The amended federal general budget, which was legislated under Law No. 13 of 2023 (the three-year budget), is proceeding in its financial measures within what is called the financial scope or fiscal space, which is a realistic and preventive philosophy based on the principle of using the financial flexibility available to the public finances to adjust its policies in arranging its priorities (such as public spending, taxes, or support levels),” said the Prime Minister’s advisor, Mazhar Mohammed Salih, in an interview with the Iraqi News Agency, followed by “Al-Eqtisad News.”

 He pointed out that “this is in order to achieve economic and social goals, without causing major risks to financial stability or excessive increases in public debt.”

Saleh noted that "the aforementioned three-year general budget law, supported by the current amended Financial Management Law No. 6 of 2019, undoubtedly provides the ability to address the set deficit limits with the minimum possible amount of money," indicating that "this is what public spending has followed during the first quarter of fiscal year 2025."

Saleh explained that "although the annual deficit recorded in the three-year budget is 64 trillion dinars, it is a precautionary deficit that was drawn and calculated within the maximum spending limits of 200 trillion dinars, and the export prices of a barrel of crude oil at an annual average of about $70, and exported quantities of about 3.4 million barrels of crude oil per day,"

 noting that "the budget implemented in the fiscal year 2024 was with a comfortable ceiling that did not exceed 156 trillion dinars, with partial borrowings from the domestic financial market that also did not exceed less than half of the ceiling set for borrowing to cover the deficit, and with an average barrel of oil that was $75 per exported barrel."

He continued: "What we need today, in light of the fluctuations in the global oil market, the decline in the oil asset cycle and the expectations surrounding it, requires a review and high discipline in examining expenditures in general and operating expenditures in particular, and accurately controlling their paths and resorting to what is called a budget of sufficiency with the minimum level of expenditure while maximizing financial resources in a manner commensurate with the total expenditure that meets the basic needs of the national economy within the financial space, such as the importance of securing salaries, wages, pensions and social care as a first priority, in addition to agricultural support."

He added that "working to involve the private sector in and finance development projects is a testing opportunity to prove the role of the partnership between the state and the private sector in supporting development and demonstrating the role of the partnership philosophy in overcoming the economic challenges imposed by energy markets as an external international factor on the total economic activity."

 He stressed that "the 2025 budget tables being prepared and presented to the House of Representatives must reflect the current conditions in the international economy, whether in terms of international trade protectionist wars or the cautious price fluctuations facing energy markets that affect the financial budgets of the OPEC+ group of countries, including our country, during the current year, in light of cautious global geopolitical and economic fluctuations that have not yet stabilized."

https://economy-news.net/content.php?id=54627

 Al-Asadi announces a decline in unemployment in the country and the implementation of new laws to stimulate the labor market.

Minister of Labor Ahmed Al-Asadi  Money and Business  Economy News – Baghdad  Minister of Labor and Social Affairs Ahmed Al-Asadi confirmed the implementation of new laws related to stimulating the labor market and the private sector, while pointing to a decline in unemployment rates.

In a statement carried by the official news agency and reviewed by Al-Eqtisad News, Al-Asadi said on the sidelines of his participation in the 51st session of the Arab Labor Organization Conference:

"The opening session witnessed the honoring of a number of Arab labor pioneers. Iraq was among the countries honored, as the head of the Federation of Trade Unions was honored, in addition to a distinguished employee from the Ministry of Labor."

He explained that "the conference includes a number of sessions and workshops that discuss the reality of the Arab labor market, particularly with regard to labor mobility between Arab countries," noting that "Iraq is one of the countries that attracts Arab and foreign workers, and there are serious discussions about benefiting from skilled labor, while emphasizing the importance of joint Arab action."

He pointed out that "the conference witnessed positions supporting the Palestinian cause, as the heinous crimes committed by the Zionist entity in the Gaza Strip and the recent events in Lebanon were condemned, and the Arab Labor Organization's solidarity with Palestinian workers in the occupied territories was affirmed."

He added, "The Ministry is working on implementing a number of projects related to revitalizing the labor market and the private sector, including activating Retirement and Social Security Law No. 18 of 2023 and amending some laws related to concluding and implementing income-generating projects."

He continued, "Unemployment rates decreased from 16.5% in 2022 to 13.5% in 2024, which represents a significant improvement," noting that "the ministry succeeded in integrating a number of social protection beneficiaries into the labor market, with some being transferred to positions in the Ministries of Interior and Justice, while others were employed in the private sector through companies and investment projects."

He added, "More than 10,000 workers who benefit from social protection have been registered with social security, and the ministry has also launched the 'Leadership' initiative, which aims to create job opportunities for unemployed youth."

Minister of Labor: Iraq is one of the countries that attracts Arab and foreign workers.
Local | 10:38 - 04/20/2025  Mawazine News – Baghdad  Minister of Labor Ahmed Al-Asadi stated on Sunday that Iraq is one of the countries that attract Arab and foreign workers.

Al-Asadi pointed out, in a statement to the official newspaper, followed by (Mawazine News), that "Iraq is one of the countries that attract Arab and foreign workers, so there will be discussions regarding regulating the work of these workers in Iraq, as well as determining Iraq's need for skilled workers.
Regarding the projects implemented by the ministry to stimulate the labor market,

Al-Asadi said, "We have several projects related to revitalizing the labor market and revitalizing the private sector, starting with activating and implementing Law No. 18 of 2023, the Retirement Law for Workers, as well as activating and amending the Lending Law and activating soft projects for low-income people."   https://www.mawazin.net/Details.aspx?jimare=260850
https://economy-news.net/content.php?id=54633

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

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7 Ways To Recession-Proof Your Savings

7 Ways To Recession-Proof Your Savings

Protect your money by taking these seven steps.

Kat Tretina   Updated Tue, April 15, 2025  Yahoo Personal Finance

2025 has been off to a rocky start. Consumer confidence has plummeted thanks to persistent inflation, market volatility, and other challenges created by the new administration's aggressive tariff policies. Now, we can add recession concerns to the list.

According to the latest CNBC CFO Council quarterly survey, 60% of CFOs expect a recession in the second half of the year, while another 15% say a recession will hit in 2026. In early April, global investment bank Goldman Sachs also raised its estimate of the likelihood of a U.S. recession from 35% to 45%.

7 Ways To Recession-Proof Your Savings

Protect your money by taking these seven steps.

Kat Tretina   Updated Tue, April 15, 2025  Yahoo Personal Finance

2025 has been off to a rocky start. Consumer confidence has plummeted thanks to persistent inflation, market volatility, and other challenges created by the new administration's aggressive tariff policies. Now, we can add recession concerns to the list.

According to the latest CNBC CFO Council quarterly survey, 60% of CFOs expect a recession in the second half of the year, while another 15% say a recession will hit in 2026. In early April, global investment bank Goldman Sachs also raised its estimate of the likelihood of a U.S. recession from 35% to 45%.

Although the country is not in a recession yet, there's a good chance it could be in the next few months. Taking some steps now can help you recession-proof your savings and protect your finances.

What Is A Recession?

recession is a term that inspires fear in politicians, economists, and business owners, but what does it really mean? Although precise definitions vary, the National Bureau of Economic Research (NBER) — a private, nonprofit organization that analyzes economic conditions — defines a recession as a period of significant economic decline that lasts for several months.

The NBER looks for several factors to determine if a recession has occurred, such as higher unemployment rates, home prices and sales, stock market declines, and wages.

Recessions are a natural and unavoidable part of the economic cycle. In fact, there have been over a dozen recessions since World War II. The most recent recession was in the spring of 2020, when the COVID-19 pandemic affected the country.

In general, recessions occur every few years, and they typically last for about 10 months.

7 Ways To Recession-Proof Your Savings

During a recession, you may experience the following issues:

  • Savings interest rates may decline: To stimulate the economy and encourage spending, the Federal Reserve will often slash rates. As a result, loans will become less expensive, but the rates on deposit accounts — such as savings accounts and certificates of deposit (CDs) — will also decline. That means any money you have saved will grow at a much slower pace.

  • Earnings may stagnate: During a recession, unemployment levels are up, and workers' wages tend to stagnate, so you may not qualify for a raise. Many businesses also initiate layoffs.

  • Lenders may tighten their standards: During a recession, lenders often institute stricter lending requirements for borrowers, making it more difficult to qualify for new credit or loans.

To minimize the impact of a recession on your financial well-being, follow these steps:

TO READ MORE:  https://www.yahoo.com/finance/personal-finance/banking/article/recession-proof-savings-181158511.html

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