Iraq Economic News and Points to Ponder Late Tuesday Evening 4-22-25

UN Official: Iraq Is Witnessing Remarkable Progress In Various Fields And The Importance Of Continuing Its Partnership With The United Nations.

Time: 04/22/2025 10:55:59 Read: 2,445 times  {Political: Al Furat News} The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Mohammed Hussein Mohammed Bahr Al-Ulum, received today, Monday, at the headquarters of the Ministry of Foreign Affairs in Baghdad, the Under-Secretary-General of the United Nations for Operational Support, Atul Khare, and his accompanying delegation, within the framework of joint coordination to implement UN Security Council Resolution No. (2732) regarding the termination of the mandate of the United Nations Assistance Mission to Iraq (UNAMI).

During the meeting, the Undersecretary of Foreign Affairs expressed, according to a statement from the ministry, a copy of which was received by {Euphrates News}, "the Iraqi government's appreciation for the important role played by the UNAMI mission since its establishment until today, stressing that the relationship between Iraq and the United Nations will enter a new phase of cooperation and partnership, based on the priorities of the next phase and the positive developments witnessed in Iraq."

The two sides discussed, according to the statement, "the mechanisms for implementing UN Security Council Resolution No. 2732, to ensure a smooth transition of the mission's tasks.

The Undersecretary affirmed Iraq's keenness to provide all facilities to ensure the implementation of this process in an organized manner, stressing Iraq's firm commitment to continuing constructive cooperation with the United Nations and its specialized agencies, based on its belief in the vital role played by the international organization in supporting stability and enhancing economic development efforts at the regional and international levels."

For his part, Khare praised the remarkable progress Iraq is witnessing in various fields and commended the Iraqi government's approach to consolidating internal stability and strengthening regional cooperation frameworks. He also emphasized the importance of continuing the partnership between Iraq and the United Nations as a fundamental pillar for supporting security and achieving sustainable development.

At the conclusion of the meeting, Khare expressed his appreciation for the Iraqi government's fruitful cooperation in the context of the gradual winding down of UNAMI's work, emphasizing that this cooperation represents a model of constructive coordination between member states and the United Nations.   LINK

Mr. Al-Hakim Calls For Encouraging Citizens To Deposit Their Money In Iraqi Banks.

Time: 2025/04/22 13:09:59 Read: 1,740 times  {Political: Al Furat News} The head of the National State Forces Alliance, Mr. Ammar al-Hakim, called for encouraging citizens to deposit their money in Iraqi banks.

A statement from his office, a copy of which was received by {Euphrates News}, stated that Mr. Al-Hakim received “this morning a number of Iraqi businessmen, headed by the head of the Iraqi Banks Association, Wadih Al-Handhal, and listened to their vision on reforming the banking sector in Iraq to keep pace with the state of urban and developmental progress in the country, and in all governorates.”

During the meeting, Mr. Al-Hakim stressed "the importance of keeping pace with global developments in this vital sector and linking the Iraqi banking system to the global banking system."

He called for "working to expand financial inclusion in banks, encouraging citizens to deposit their money in Iraqi banks, and turning this into a societal culture."

He pointed out the importance of granting loans to youth and the housing sector, as the latter stimulates many other productive sectors and provides job opportunities.  LINK

Kurdistan's Finance Ministry Announces The Transfer Of More Than 48 Billion Dinars Of Non-Oil Revenues To Baghdad.

Money and Business  Economy News – Baghdad  The Kurdistan Regional Government's Ministry of Finance and Economy announced on Tuesday that the federal treasury's share of non-oil revenues for March of this year has been transferred to the federal Ministry of Finance's account.

The ministry stated in a statement received by Al-Eqtisad News that “the transferred amount amounted to 48 billion, 205 million, and 765 thousand Iraqi dinars, and it was deposited in cash into the Federal Ministry of Finance’s bank account at the Erbil branch of the Central Bank of Iraq.”

The Kurdistan Regional Government's Ministry of Finance and Economy previously transferred approximately 52 billion dinars in non-oil revenues to the federal treasury in Baghdad in February. https://economy-news.net/content.php?id=54714

An Expert Identifies The Missing Link To Diversifying Sources Of Income And Achieving Economic Reform.

Time: 2025/04/21 22:36:51 Read: 3,120 times  {Economic: Al Furat News} Economic expert Qusay Safwan identified the missing link in the path to diversifying sources of income and achieving economic reform in Iraq. He noted that controlling corruption begins with the banking sector and is linked to understanding revenue risks and the behavior of the Iraqi dinar at border crossings.


During his appearance on the "Free Talk" program on Al Furat TV channel this evening, Safwan explained that "economic diversification cannot be achieved without regulating these outlets, which are a tool for protecting local production and developing investment." He indicated that "reforming the financial sector requires rehabilitating banks through mergers, partnerships, and specialization."

He stressed that "these goals are still far off, and the real beginning lies in developing the human resources working in the banking sector, especially since most Iraqi banks focus their grants on the housing sector."

Safwan explained that "the Central Bank's policy is geared toward supporting financial inclusion, as 40% of individuals use electronic banks, a matter linked to suspicions of money laundering." He called for "providing incentives to credit card holders and motivating them through tax exemptions and import facilitation, which would enhance the conversion of the dinar into hard currency through the Central Bank."

He pointed out that "the Central Bank alone cannot reform the Iraqi economy in light of the lack of control over border crossings and the citizens' lack of trust in banks," emphasizing that "investing in technology is costly, but necessary and yields tangible benefits for shops and businesses."

Safwan revealed that "Iraq has $100 billion in the US Federal Reserve," emphasizing "the need to eliminate intermediaries and build a direct relationship between producers and consumers," warning that "corruption is greater than the support available at the outlets."

He added, "Private banks were established as joint-stock companies, and their shares are now denominated below the dinar mark and are available to all." He called on the Central Bank to "address the dispute between it and the Companies Registrar regarding dividend distribution, which is prompting small shareholders to sell their shares to major investors."

Safwan concluded by saying, "Government banks need a comprehensive restructuring to drive development and create investment portfolios for agricultural, industrial, and commercial cities." He also highlighted the need to integrate the local market with global markets, similar to the Gulf banks, and attract $350 billion domestically.  LINK

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-23-25

Good Morning Dinar Recaps,

TRUMP WARNS: “PERFECT TIME” FOR FED RATE CUTS — WILL JEROME POWELL LISTEN?

▪️Trump clarified he won't fire Powell but strongly urges the Fed to cut rates, citing global easing.

▪️Markets reacted with cautious optimism, as trade tension easing and Trump's comments influenced Bitcoin and treasury yields.

▪️The Fed remains cautious, balancing inflation with potential tariff impacts, despite Trump's pressure for rate cuts.

The debate over Federal Reserve rate cuts is heating up again. President Donald Trump says he’s not firing Fed Chair Jerome Powell — but he’s clearly running out of patience. In classic Trump style, the message is direct, the pressure is rising, and the markets are watching closely.

Here’s what’s unfolding behind the scenes.

“Perfect Time” for Action, Says Trump

Speaking to reporters, Trump called it the “perfect time” for the Fed to lower interest rates. He dismissed growing speculation about Powell’s removal but didn’t hold back on criticism of the Fed’s slow pace.

“I’m not firing Powell,” Trump said, blaming the media for the rumors. But he added that Powell should be moving faster, especially as other global central banks are already easing their policies.

“He should act early or on time, not late,” Trump said, signaling that the Fed’s current approach could soon fall behind the curve.

Bitcoin Breaks $90K as Market Reacts

Despite Trump’s strong remarks, broader markets stayed steady. But Bitcoin surged past the $90,000 mark, boosted by optimism from both Trump’s comments and new statements from the U.S. Treasury Secretary, who called the trade war with China “unsustainable.”

Short-term Treasury yields edged up to 3.82% after a weak government bond auction, while the U.S. dollar held its ground. Investors appeared cautiously optimistic about easing trade tensions.

Analysts: Trump Is Managing Expectations

Analysts say Trump’s push for rate cuts might be more about shaping public expectations than actually threatening Powell’s role. While Trump says Powell is safe, his public pressure could serve to redirect blame if economic growth slows.

This isn’t the first time Trump has publicly criticized the Fed — and likely won’t be the last.

Fed Holds Course as Inflation Stays High

For now, the Federal Reserve is staying the course. Powell’s position appears secure, and Fed officials are focused on evaluating the long-term effects of Trump’s trade, tax, and immigration policies.

With inflation still running above the 2% target for the fourth year in a row, most Fed members believe current interest rates are appropriate.

Growth Risks Could Force a Rethink

Still, some economists warn that the ripple effects of Trump’s tariffs could slow growth later this year. If that happens, the Fed may have no choice but to revisit its stance.

Rate cuts may not be off the table — even if Powell continues to resist political pressure.

With Wall Street rebounding and Trump increasing his calls for action, one thing is clear: the Trump vs. Powell rate debate isn’t going away anytime soon.

For now, Powell keeps his seat and his stance — but the clock is ticking, and everyone knows it.

@ Newshounds News™
Source:  Coinpedia

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XRP IS THE COIN WITH ‘THE MOST UTILITY,’ SAYS TEUCRIUM CEO

In an interview on Bloomberg Crypto with anchors Tim Stenovec and Katie Greifeld, Teucrium Trading’s chief executive officer (CEO) Sal Gilbertie argued that XRP is the crypto asset with “the most utility” in the entire space.

“Ripple’s a company of really professional people working really hard on this. That’s why we chose XRP. We believe in XRP. We’re not making a price prediction, but we do believe it’s a coin that will have the most utility out there. You know Bitcoin is a store of value […] but I think that XRP has a true use case,” Gilbertie remarked.

He further highlighted the professionality of the Ripple team which is a big reason the company believes in the crypto asset: “There’s just no doubt about it in the Ripple team from what the interaction we’ve had with them […] They act like investment bankers over there. They know what they’re doing and they will make this work.”

Teucrium’s 2x Long XRP ETF

Teucrium launched the first XRP-based exchange-traded fund (ETF) in the United States on April 8. The Teucrium 2x Long Daily XRP ETF, traded under the ticker XXRP on NYSE Arca, is a 2x leveraged fund aiming to provide twice the daily return of the token.

The ETF’s launch coincided with a sharp rebound in the underlying token. While Teucrium cannot see its shareholder register in real time, Gilbertie believes early flows reflect “a mix of professionals and retail trading their own accounts.” XXRP is engineered explicitly for intraday traders, he emphasized: 

“This specific product is geared toward traders who have a short-term view—primarily a one-day view—of what XRP’s price moves might be. This allows them in a traditional brokerage account to achieve leverage without a margin account.”

Gilbertie acknowledged that such magnified exposure is unsuitable for naïve investors. “Of course it’s risky. Leveraged funds are always risky and people need to be very careful,” he cautioned, adding: “I hope that the non-sophisticated traders do their homework first before they set foot in this.”

The conversation also illuminated a shifting regulatory atmosphere in Washington. Gilbertie contrasted the Securities and Exchange Commission’s current leadership with its prior stance under former Chair Gary Gensler, without naming him directly but characterizing the previous regime as “a blocker” to digital-asset innovation.

“The old SEC regime was a blocker…worked against the crypto industry,” he said. By contrast, the gap between administrations—during which newly confirmed Chair Paul Atkins and the fresh slate of commissioners were still settling in—created a moment when Teucrium’s application could proceed.

“We applied as soon as we could, meaning the old regime had left and wouldn’t block us, and we simply listed as soon as we could following the normal rules. The staff is really wonderful at the SEC…It’s the leadership that matters.”

XXRP’s methodology relies on daily rebalancing of swap positions to deliver twice the token’s move—up or down—over a single trading session. Compounding makes the fund unsuitable as a long-term proxy, an intrinsic feature common to all daily leveraged products but one the firm has gone to pains to highlight in its prospectus. Gilbertie underscored that message: “Volatility is the point. You want the action,” but traders must understand that the action cuts both ways.

For now, Gilbertie is betting that the community’s zeal, combined with a friendlier SEC stance, will keep volume humming. “We thought the time was right,” he concluded, “and so far the market seems to agree.”

At press time, XRP traded at $2.24.

@ Newshounds News™
Source:  Bitcoinist

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“Tidbits From TNT” Wednesday Morning 4-23-2025

TNT:

Tishwash:  The Iraqi Stock Exchange joins the "Tabadul" platform in cooperation with the Abu Dhabi Securities Exchange.

A memorandum of understanding was signed today, Wednesday, for the Iraq Stock Exchange to join the "Tabadul" platform, in cooperation with the Abu Dhabi Securities Exchange.

During his participation in the signing ceremony, Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, said, "Iraq's accession to the exchange platform represents a qualitative leap in the development of the Iraqi financial market infrastructure, strengthens regional economic partnerships, and opens new horizons for local and international investors."

At the end of 2024, the Authority's Chairman discussed with the CEO of the Abu Dhabi Securities Exchange Group, Abdullah Salem Al Nuaimi, the signing of a joint cooperation agreement aimed at exchanging expertise and developing work mechanisms in the capital markets, according to a statement issued by the Iraqi Securities Commission.  link

Tishwash:  Talabani calls on Japan to expand its investments in the region.

Pavel Jalal Talabani, President of the Patriotic Union of Kurdistan (PUK), received Akira Endo, Japanese Ambassador to Iraq, in Sulaymaniyah.

During the meeting, the two sides discussed the latest developments in the Middle East and emphasized the need for a peaceful resolution to problems. Both sides agreed to expand cooperation and bilateral relations between the Kurdistan Region and Japan at all levels.

According to a statement from his media office, Talabani spoke about the active participation of Japanese companies and investors in the Kurdistan Region's markets, expressing hope that Japan would expand its investments in the Kurdistan Region to strengthen infrastructure and provide job opportunities.  link

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Tishwash:  The International Monetary Fund expects a decline in the inflation rate in Iraq.

The International Monetary Fund (IMF) predicted in a report issued in April of this year the inflation rate for Arab countries, indicating that Iraq's inflation rate will decline slightly in 2025.

According to data reviewed by Shafaq News Agency, "the annual inflation rate in Iraq recorded 2.6% in 2024, compared to 4.4% in 2023 and 5% in 2022."

The IMF expects Iraq's inflation rate to decline slightly in 2025 to 2.5%, rise to 2.7% in 2026, and reach 3% in 2030.

According to the data, Bahrain is expected to experience the lowest inflation rate among Arab countries in 2025, at 1%, while Sudan will have the highest inflation rate, at 100%.  link

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Tishwash:  MP: The budget cannot be delayed and Parliament will discuss it next week.

State of Law Coalition spokesman MP Aqeel Al-Fatlawi announced that Parliament will discuss the budget law next week .

Al-Fatlawi said, "The House of Representatives will discuss the budget law in next week's sessions. The budget cannot be halted or delayed. Rather, there is sufficient time to approve it before the end of the current parliamentary session." 

Last February, the House of Representatives voted on the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023 link

Mot: .. when da ""Truth"" beeee Known!!!

Mot: Go to the petting zoo, they said. It'll be fun, they said.. 

News, Rumors and Opinions Wednesday AM 4-23-2025

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 Wed. 23 April 2025

Compiled Wed. 23 April 2025 12:01 am EST by Judy Byington

Global Currency Reset:  (Rumors)

Tues. 22 April 2025 Wolverine: “Everything is ready to go, just waiting for the Green Light and will have an opera night to celebrate. Not long to go guys. Please pray.”

Tues. 22 April 2025 Bruce:

Bring to your exchange appointment at least one picture ID, Drivers License, Passport, you may or may not need a utility bill to show where you live. You will sign a NDA to not disclose anything about the exchange. You will need to (allegedly) have a new password, new name for account, etc. They will (allegedly) give you a new Q phone.

Your project presentation can only be 2-3 min.

The new currency rates continue to go up.

Bond Holders were told today that their accounts will be available as soon as tomorrow. They have been paid since Sunday night.

Sovereign banks have (allegedly) replaced Central Banks across the World.

Wells Fargo is the go-to bank which is in charge of exchanges in the US.

Last week some bank shenanigans were going on. Banks that were non compliant were picked up by the Tier 1 banks. Now all banks are (allegedly) fully connected through the StarLink Satellite System.

Redemption Center personnel are(allegedly)  going in to work tomorrow Wed. 23 April. Redemption Centers will be open thereon and through the weekend including Sunday.

As of last Monday the new rates were on the Redemption Center screens.

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

Confirmed: Tier4b activations have begun!

The global financial system is in the midst of a transition. Major banking institutions in Zurich, the Rhineland and Hong Kong have (allegedly) entered the final liquidity phase. Important sources confirm that notifications are already being sent. This is not speculation. It’s happening now.

Historic moves 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 arrived in Reno and Hong Kong. Elite bank employees are being escorted under security protocols; something historic is happening.

The Deepstate Cabal has lost control: their desperate moves are being halted in real time. The new gold-backed financial system (allegedly) has 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.

On Mon. 21 April 2025 Iraq announced in it’s Shafaq News: “Iraq’s foreign currency reserves are sufficient to fully back the national currency in circulation.” https://t.co/rs0qhedO3f” / X

On Tues. evening 22 April 2025 the new currency rates were (allegedly) scheduled to be on the Forex.

Mon. 21 April MarkZ: MarkZ biggest Bond Holder got notification over the weekend for final contracts this Week!

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

Fri. 18 April 2025 Bruce: Possible 800s numbers for notification at any time. Contact at US Treasury said we haven’t gone yet because currencies were still going up in value. Currencies very high in value. Zim is on par with US Dollar.

Mon. 21 April 2025: BOMBSHELL: TRUMP’S $150 TRILLION PLAN: THE TRUST FUND HIDDEN FOR 161 YEARS — BOOM: NESARA and GESARA [VIDEO] – amg-news.com – American Media Group

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Tues. 22 April 2025: GESARA Rollout Imminent …Carolyn Bessette Kennedy on Telegram

After reviewing the information below, it is my personal opinion (Carolyn Bessette), that Memorial Day Weekend – May 23-26, 2025 – is now the target for a Global Financial crash that will trigger the Global Currency Reset.

Read full post here:  https://dinarchronicles.com/2025/04/23/restored-republic-via-a-gcr-update-as-of-april-23-2025/

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

Walkingstick   We have entered a window of two weeks to two months.  A window of opportunity for this to go...

Frank26   Nothing is logical at 1310.  That's why to me it is such powerful evidence when we don't see the salaries...HCL...budget tables...lower notes because everything on that list is simply waiting for the new exchange rate...Everything is at a standstill.  Everything is frozen.  It's like somebody clicked the stopwatch and it stopped time in Iraq until a new exchange rate is brought forth. 

Sandy Ingram  The Central Bank of Iraq has successfully completed its transition to having foreign currency transfers handled directly by Iraqi banks through their international correspondent banks moving away from the previous centralized electric platform.  This shift...marks a major step in aligning Iraq's banking operations with international standards.

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Gold at the Center of Chaos – Global System Breaking Down | Axel Merk

Kitco News:  4-22-2025

Gold soared past $3,500 an ounce. Bitcoin broke $90,000. Treasury yields surged. And the IMF just cut its global growth forecast to 2.8% — the slowest since the pandemic.

As safe-haven flows shift and capital moves away from U.S. assets, questions are rising about the future of the dollar, Federal Reserve independence, and the direction of global markets.

 In this Kitco News interview, Axel Merk, President and CIO of Merk Investments and portfolio manager of the ASA Gold and Precious Metals Fund, joins Jeremy Szafron to unpack what he calls “a structural shift” in the financial system.

Merk explains why the U.S. is behaving more like a hedge fund than a central bank, why gold is signaling deep systemic stress, and why the market may be underreacting to the risks ahead.

He also shares where smart money is going now — and why junior gold miners may offer critical upside as volatility grows.

00:00 Introduction

02:34 Gold Market Analysis

04:19 Federal Reserve and Political Interference

 07:39 Global Financial System and US Dollar

21:44 Bitcoin and Cryptocurrency Trends

 23:57 Gold Miners and Investment Strategies

29:39 Conclusion

https://www.youtube.com/watch?v=9NXCoeDfZ5o

Iraq Economic News and Points to Ponder Tuesday Afternoon 4-22-25

Gold Reserves
 
Economic 04/20/2025  Mohammed Sharif Abu Maysam   Amid the ongoing tensions in the world and the Middle East,  purchasing gold is among the most important options for diversifying monetary reserves.
 
This is crucial to  counteracting political fluctuations that directly and indirectly impact the economy and the inflationary situation,  which impacts overall market prices,  including exchange rates and the prices of goods and services.  This is a key element in ensuring a significant national security instrument.
 
Gold is economically known as a safe haven against the volatility of currencies and prices in energy and other commodity markets under complex circumstances.

Accordingly, the components of monetary policy in our country (which was and still is under the influence of international and regional factors and variables, in addition to a set of internal data and speculation that is constantly returning to the forefront to have a significant impact on market movement and monetary stability) are in dire need of diversifying reserves and increasing their savings in gold,
 
which is distinguished from other reserves by its ability to maintain its material value under various circumstances.
 
The Central Bank of Iraq's recent announcement that Iraq possesses one of the highest gold reserves among Arab countries, at 162 tons, had a positive impact on observers and the general public.
 
It had a positive impact on public opinion on the street, increasing the confidence of the banking public and those following monetary policy.
 
This, in turn, establishes a public opinion that trusts the local currency and the national economy.
 
It is well established that gold has an advantage when compared to paper currency, which has no fixed assets.
 
This gives the national economy a high degree of stability and reliability, even in the event of shocks resulting from changes or decisions issued by international bodies that attempt to link the Iraqi economy to their own decisions.
 
The greater the gold reserve compared to cash reserves (which are supposed to be diversified),
the greater the ability of the person in charge of monetary policy to ward off any risks that may befall the economy,
while also activating the role of other real sectors and increasing their contribution to the gross domestic product.
 
In the context of our ambitions,
we hope that Iraq will occupy a prominent position on the list of countries with rising gold reserves.

This position not only provides monetary policymakers with flexibility in decision-making,
but also contributes to providing the overall economy with a buffer against anticipated economic problems amid the fluctuations witnessed in our region and the world.
 
It also strengthens national security,  which is linked to economic security.      https://alsabaah.iq/113123-.html    

Government Banking Reforms And Their Role In Bypassing Sanctions... A Banking Researcher Explains.
 
April 16, 2025  Baghdad/Iraq Observer   The Iraqi government, in cooperation with the Central Bank of Iraq, has prepared a plan of  (3) main objectives in cooperation with an American consulting company, (Olver & Amin), to
 
     reform and modernize the banking sector, with the aim of
     enhancing the protection of depositors and creditors and
     improving confidence in the sector,  after difficulties related to the transfer of funds and American restrictions.
 
After the sanctions, the term “messaging accounts” emerged.
 
Mustafa Hantoush, an expert in financial and banking affairs, confirms that  private banks have faced major problems, most notably US sanctions,  which necessitated a detailed study to change the situation affecting these banks.
 
Speaking to the Iraq Observer, Hantoush said, “Regarding  the private banking sector, which has faced problems over the past three years related to US sanctions,  the term ‘correspondent accounts’ emerged as Iraqi banks faced operational disruptions, and the state attempted to address the situation in collaboration with an American consulting firm called Oliver & Amin.”

He added,  "The American firm Oliver & Amin conducted studies on sanctioned Iraqi banks over a five-month period and submitted a three-point report, the  first of which is that companies with real capital can develop themselves and circumvent sanctions by opening future accounts with JPMorgan."

 He continued, "While there are private banks that lack the necessary capabilities, they are merging with international banks, which is a step available to them." He added, "Regarding the third point, which concerns banks facing liquidity problems, they may face collapse and exit the sector."

He pointed out that “the steps to amend (government banks) have begun to accelerate towards the step of establishing Rafidain and Rashid Banks, but the special nature of these banks remains that they have large international obligations, including those related to debts during the Iran-Iraq war.

However, at the same time, a huge bank will be formed through these banks, stronger than the TBI, and
it will be the hand of the new state to enter into banking operations.”
 
The person in charge of financial and banking affairs stated that "the government established the First Rafidain Bank, which contributes 24% to the state and 76% to the private sector."
 
Prime Minister Mohammed Shia al-Sudani had previously sponsored the Iraqi Banking Sector Reform Conference, emphasizing that the government assumed responsibility amid a complex economic climate that required measures to achieve stability and ensure growth.

He pointed to the achievements made in the financial, banking, and economic sectors,
which represented positive steps toward establishing a solid foundation for development and investing in stability.     https://observeriraq.net/الاصلاحات-المصرفية-الحكومية-ودورها-ب/ 

The Central Bank Concludes Its Session On The Basel Committee's Decisions.
 
April 21, 2025   The Banking Studies Center at the Central Bank of Iraq concluded its course on the Basel Committee’s decisions and the  Self-Assessment of Capital Adequacy (ICAAP) in accordance with the second pillar of Basel (3) decisions.
 
(53) trainees from the departments of Finance, Risk, Internal Audit, Credit, and Compliance in a number of Iraqi banks participated in the course.
 
The training program for the participants included a complete vision of the Basel Committee’s decisions (3), especially the second pillar of those decisions related to the
 
self-assessment of capital adequacy, as well as identifying the practices related to calculating (ICAAP)
to reach an understanding of the skills of assessing capital adequacy.    
Central Bank of Iraq      Media Office      April 21, 2025  https://cbi.iq/news/view/2858 

Tax Reform: A Step Towards Diversifying Revenues And Achieving Justice.
 
Economic 04/16/2025  Baghdad: Nour Najah Abdullah  Given the economic challenges facing the country,   tax reform is at the top of government policy priorities.
 
It is a crucial step toward reducing reliance on oil revenues, which continue to constitute the backbone of the general budget.
 
Although tax revenues in Iraq do not exceed 1 to 2 percent of GDP—a low figure compared to international standards—
 
there is broad consensus among experts on the need to move forward with comprehensive and radical reforms that will contribute to building a fair, effective, and balanced tax system.

Financial and economic experts believe that the starting point for reform is to expand the tax base to include all economic activities, whether in the formal or informal sector, while ensuring that the liberal professions and the service and commercial sectors contribute to the public treasury.
 
This requires a comprehensive update of taxpayer records, through the creation of an accurate central database encompassing individuals, companies, and institutions, enabling the tracking of income and the accurate and transparent assessment of tax liabilities.
 
Experts stress the importance of adopting a progressive tax system that imposes higher rates on high-income and large-profit individuals, while granting tax exemptions or reductions to low-income families and individuals.
 
This is intended to achieve social justice and reduce the economic gap between social classes. 

Amending Income Tax Law No. 113 of 1982 is also urgent, given its outdated provisions and their failure to keep pace with the economic and financial transformations that Iraq has witnessed over the past decades.
 
Speaking to Al-Sabah, economic expert Nabil Jabbar Al-Tamimi argues that  true reform can only be achieved through a radical change in the legislative and institutional structure.
 
He calls for rewriting tax laws to align with the nature of the contemporary Iraqi economic system, and for the establishment of a new authority built from scratch and managed by young cadres who have never worked within the traditional tax system, but rather possess academic qualifications and experience in global tax systems.

Al-Tamimi also emphasizes the need to fully automate the system and utilize technology in all aspects of the process, from assessment to collection, to enhance efficiency and transparency and reduce the opportunities for manipulation and corruption.
 
For his part, economic expert Ziad Al-Hashemi told Al-Sabah that the most prominent challenges facing the tax system in Iraq are the outdated legislation and administrative mechanisms in place, which have led to weak tax coverage and declining collection efficiency.

 He believes that modernizing the system requires simplifying procedures, increasing the efficiency of staff, developing internal oversight tools, and enhancing transparency in the relationship between citizens and the state, which will reduce tax evasion rates and increase voluntary compliance.

Financial expert Safwan Qusay points out that tax justice cannot be achieved without accurately digitizing and documenting income across various sectors, including agriculture, trade, and services, while raising exemption limits for individuals and poor families to protect them from the negative effects of the reform.
 
He suggests tracking the bank accounts of companies and individuals to verify sources of income and spending patterns, which would contribute to building a clear picture of taxpayers' financial solvency. In a statement to Al-Sabah,
 
he called for linking the tax to citizens' desires for public spending, so that a percentage of it would be directed to specific sectors such as education or health, based on the taxpayer's choices.
 
This would enhance community oversight and confidence in the effectiveness of the tax system.
 
In contrast, Mazhar Mohammed Saleh, the Prime Minister's advisor for financial affairs, confirms that the government has already launched eight tax reform packages, the most important of which are the  
introduction of new segments of market forces that previously evaded taxes, and the adoption of electronic collection to reduce friction between citizens and employees.
 
Saleh compares Iraq to countries like Denmark, where income tax amounts to approximately 46 percent of GDP.
 
This explains the ability of those countries to fund high-quality education, health, and social security.
 
In Iraq, this percentage does not exceed 2 percent, reflecting the fragility of the tax base and the continued overreliance on oil revenues.
 
Saleh points out that the government's program aims to increase non-oil revenues to 20 percent of total public revenues in the near future, up from the current rate of only about 7 percent.
 
This will be achieved by expanding the taxable population, adopting modern technological systems, and amending legislation, including the Income and Property Tax Law, which has not been updated in more than four decades.
 
Despite the clarity of the reform vision and the multitude of initiatives, challenges remain, most notably the lack of trust in tax institutions, the inadequacy of technical infrastructure, and the absence of a culture of voluntary compliance among broad segments of society.
 
Furthermore, there is a lack of good governance in directing tax revenues toward development spending.
 
Observers believe that success in this vital issue will only be achieved through strong political will, profound administrative reform, and an effective partnership with the private sector and civil society to build a modern and fair tax system that keeps pace with Iraq's aspirations for development and economic stability.      https://alsabaah.iq/112971-.html   

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-22-25

Good Evening Dinar Recaps,

CIRCLE LAUNCHES 'CIRCLE PAYMENTS NETWORK'

The new network will use stablecoins such as USDC and EURC to help financial institutions facilitate global money movement and settlement.

USDC Issuer Circle Debuts Payments Network

Stablecoin firm Circle, issuer of USDC which currently has a market capitalization of roughly $61 billion, has launched “Circle Payments Network (CPN),” a collaborative group of financial institutions that use stablecoins to enable global movement and settlement of funds.

The company announced the network launch on Monday and said more than 20 financial institutions have already signed on. Circle listed companies such as remittance giant World Remit, Nigerian financial services firm Yellow Card, and crypto custody firm Fireblocks, as initial partners.

Large banks like Standard Chartered and Deutsche Bank will take on an advisory role, and more companies will be gradually added to the network.

CPN’s goal is to take advantage of the flexibility stablecoins offer to overcome current operational friction in cross-border payments. Circle says CPN will support remittances, invoice payments, treasury services, and payroll.

“Existing cross-border payments can be slow and expensive,” Circle said in an X post. “CPN is designed to bring efficiencies to the payments system. It is not just faster. It is programmable, secure, and always available.”

@ Newshounds News™
Source:   Bitcoin News

~~~~~~~~~

TRUMP MEDIA TO LAUNCH ‘A SERIES’ OF ETFS IN NEW PARTNERSHIP WITH CRYPTO.COM

Trump Media and Technology Group (TMTG) announced Tuesday a collaboration with Crypto.com to introduce a series of exchange-traded funds (ETFs) under its Truth.Fi brand.

According to a new press release, the planned ETFs will focus on digital assets and securities, emphasizing a “Made in America” theme, marking TMTG’s entry into financial services.

The company stated that regulatory approval is still required, and the ETFs are expected to debut later this year.

Says TMTG CEO and Chairman Devin Nunes,

“This agreement is a major step forward in diversifying TMTG into financial services and digital assets. We’re gratified to work with great partners, Crypto.com and Yorkville America Digital, and look forward to bringing ETFs to the market for investors who believe both the American economy and digital assets are poised for tremendous growth.”

The partnership also includes Yorkville America Digital, an asset management firm specializing in ETFs and digital assets.

Crypto.com and Yorkville representatives both highlighted the growth potential of this venture.

Says Kris Marszalek, Co-Founder and CEO of Crypto.com,

“Crypto.com is the leading platform to bridge crypto and traditional finance, and this agreement is a testament to those capabilities.

This partnership gives the Trump Media ETFs global distribution powered by the Crypto.com platform. It’s a win for Trump Media, Crypto.com, CRO, and Yorkville America Digital.”

@ Newshounds News™
Source:  The Daily Hodl

~~~~~~~~~

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FRANK26….4-22-25….IT’S REAL!!!

KTFA

Tuesday Night Conference Call

FRANK26….4-22-25….IT’S REAL!!!

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=pW6W-goWlc4

Gold Replaces Dollar as DXY Crashes and Global Shift Accelerates

Gold Replaces Dollar as DXY Crashes and Global Shift Accelerates

Taylor Kenny:  4-22-2025

Foreign governments are dumping dollars. The DXY is crashing. Gold is hitting all-time highs.

Taylor Kenney explains why we’re entering the most dangerous phase of a global financial reset—and what you can do before it’s too late.

 If you’re holding dollar-denominated assets, you need to see this.

https://www.youtube.com/watch?v=06mdHuuUhdI

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 4-22-25

Good Afternoon Dinar Recaps,

BRICS: US & INDIA FINALIZE TERMS OF REFERENCE FOR NEW TRADE DEAL

Despite the tensions between the nation and the BRICS alliance, the US and India have reportedly finalized terms of reference for a new trade deal. Indeed, US Trade Representative Jamieson Greer confirmed the major development amid US Vice President JD Vance’s visit to the country, according to a CNBC report.

Moreover, Greer noted that the United States and India’s Ministry of Commerce and Industry have clearly laid out “a roadmap for the negotiations on reciprocal trade.” The major headway was confirmed as Vance traveled to India, meeting with President Narendra Modi on Monday.

US Vice President Meets With Indian President as New Trade Deal Takes Step Forward

Since the start of April, tensions between the United States and the BRICS alliance have been growing. Specifically, the country is inching closer toward a trade war with China. Indeed, amid a series of sweeping global tariffs, they levied an import duty that could reach heights of 245% on China.

However, that hasn’t stopped allies within the economic alliance from seeking a new agreement with the country. Indeed, the US and India have reportedly finalized the terms of reference for a new trade deal. The development was made as US Vice President JD Vance visited the nation, meeting with President Narendra Modi.

According to reports, the two sides have made “significant progress” towards a new trade deal. Both world leaders made note of their “continued efforts” to grow their collaboration. Moreover, they championed the need for a “mutually beneficial India-US bilateral trade agreement.”

During the initial arrival of US President Donald Trump’s Liberation Day tariff plan, India was given a 26% reciprocal tariff. However, that was lessened when the administration announced a 90-day pause. Subseuqnlety, until it resumes, the nation is facing a 10% baseline tariff alongside all US trade partners.

@ Newshounds News™
Source:  Watcher Guru

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THE GREAT RESET JUST TOOK A MAJOR HIT

On the same day Pope Francis—known for his inclusive beliefs—passed away, another globalist fell: Klaus Schwab, the architect of the World Economic Forum's dystopian agenda, announced he was stepping down from the WEF board.

It marks the end of an era for Schwab, who championed radical wokeness, bug eating, mass vaccination campaigns, population control, and climate de-growth policies through what often resembled digital communism—social credit scores, central bank digital currencies, and many more China-like policies.

Meanwhile, cultural shifts across the Americas signal a rising movement toward traditional values, sending the WEF's ideological woke grip on governments, non-government organizations, corporations, the church, and society into disarray.

"Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect," Schwab wrote in a statement.

Schwab stepped down as executive chairman one year ago, with former Norwegian Foreign Minister Borge Brende taking over daily operations. WEF said Vice Chairman Peter Brabeck-Letmathe was appointed board chairman in the interim and that a search committee for replacement had been appointed.

WEF stated:

"At a time when the world is undergoing rapid transformation, the need for inclusive dialogue to navigate complexity and shape the future has never been more critical. The Board of Trustees of the World Economic Forum underlines the importance of remaining steadfast in its mission and values as a facilitator of progress. Building on its trusted role, the Forum will continue to bring together leaders from all sectors and regions to exchange insights and foster collaboration."

Schwab’s resignation also comes three months after President Trump told globalist CEOs at the WEF’s 2025 Annual Meeting in Davos, Switzerland, “America is back.” It also follows Trump and Elon Musk’s DOGE initiative, which nuked USAID programs that funneled billions of taxpayer dollars into corrupt NGOs.

Last month, Eric Weinstein made some very interesting comments at ARC 2025, indicating:

"The post-World War II order has fallen. JD Vance has announced this - I personally think it's very important that the US treat its friends in Europe very very well and it should be done in a fashion that lets people know that the US will be there for the long haul. I am sure that that is in the cards, but we have to realize that we are waking up from a very long period of time which I've called the "Great Nap"..."

Did Trump's MAGA derail Schwab's 'Great Reset' plans?

Looks like it. But globalists will rebrand. So stay tuned.

@ Newshounds News™
Source:  Vigilantfox

~~~~~~~~~

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Q & A Classroom Link  

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Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

China Has Officially Deployed Its Digital Arsenal

China Has Officially Deployed Its Digital Arsenal

Notes From the Field By James Hickman (Simon Black)  April 22, 2025

By 1970, US commanders in Vietnam were optimistic that they had “functionally severed” North Vietnamese forces.   The generals were particularly boastful about their taking out the Ho Chi Minh Trail—a sprawling network of roads, footpaths, and tunnels through Laos and Cambodia that let North Vietnamese forces move troops and supplies into South Vietnam, bypassing the fortified border.

 After bombing it into oblivion, a senior US Air Force general declared, “Gentlemen, what we have here is the end of North Vietnam as a viable fighting power.”

Unfortunately, the ‘experts’ were wrong again.

 Only weeks after declaring victory, US forces found themselves locked in a brutal and unexpected battle at Fire Support Base Ripcord— a base the US was constructing as a launchpad for future operations.

The North Vietnamese brought in artillery, mortars, rockets, anti-aircraft weapons, and wave after wave of ground troops. All of that firepower, manpower, and ammunition moved hundreds of miles through dense jungle terrain, across borders, and into South Vietnam—right under the nose of US airpower that had supposedly rendered the the Ho Chi Minh Trail defunct.

 Their ability to move silently helped the Viet Cong guerrillas wage a shadow war of ambushes, sabotage, and infiltration—blending into the population by day and striking by night.

 The Viet Cong’s psychological victories eroded US public support. Morale among American troops declined, and political dissent at home surged.

 US troops at Fire Support Base Ripcord held out for nearly a month under constant bombardment and ground assaults. But by late July, with casualties mounting, the last Americans were airlifted out under enemy fire.

 It was a scene that foreshadowed what would play out in Saigon just a few years later as the US abandoned the war.

 And it was through the use of these guerrilla tactics— Distract. Disrupt. Discourage. Dismay.— that a substantially weaker force was able to defeat a much more powerful army.

China is starting to do the same thing in this economic war with the United States. And they’re targeting America’s youth.

For example, TikTok’s ‘Blackout Challenge’ encourages the app’s young users to asphyxiate themselves until they lose consciousness, which led to the death of a 13-year old California boy in February of this year.

A 15-year old in Oklahoma died from the ‘Benadryl Challenge’. Concussions and other serious injuries have resulted from the ‘Skullbreaker Challenge’ where kids ‘prank’ others by kicking their legs out from under them as they jump.

Curiously, Chinese teens haven’t succumbed to the same contests. Instead, viral math problems challenging users' problem-solving skills regularly trend on Douyin, China’s version of TikTok.

One popular influencer is a 12-year-old girl who has gone viral for teaching college-level math, explaining complex problems in a simplified manner.

 Last week, we got another look at how TikTok figures into China’s guerrilla economic warfare arsenal.

 Chinese influencers began pointing American consumers toward a new app: DHgate— a Beijing-based e-commerce platform that sells items directly from the Chinese factories which manufacture brand-name goods.

Their pitch: why pay $120 for name-brand yoga pants when the same exact item, just without a brand label, can be yours for $15?

Within days, DHgate exploded in popularity—climbing to the #2 spot on Apple’s App Store in the US, just behind Temu (another Chinese-owned e-commerce app) and ahead of ChatGPT.

 Yoga pants, handbags, sunglasses, sneakers, you name it—products stripped of their logos and exposed for what they are: glorified drop-shipped Chinese goods with a 700% markup.

 Of course, the sudden surge in popularity wasn’t organic; it was orchestrated.

 Chinese influencers produced videos explaining how major Western brands were bilking their consumers and outsourcing production to these very same factories.

 TikTok made sure those videos went viral in the US.

 Even 145% tariffs would only push the price of $15 yoga pants up to $36.75— still much less expensive than buying from Lululemon.

China’s guerrilla strategy is clear: They want US consumers to question who is the enemy— the ones selling you affordable clothing, or the ones increasing your cost of living?

 This drives a wedge between consumers and the US government— why would my government prevent me from buying affordable goods? Tariffs could quickly become as unpopular among Americans as the Vietnam War was in the 1960s.

 China is weaponizing TikTok to turn US consumers against the government... and against major US brands.

 They pulled back the curtain on how the economy really makes the sausage—exposing that a $2,000 handbag comes from the same factory, made of the same materials, with the same quality stitching as the $40 knockoff. Americans are paying thousands for a label, not for a superior product.

 You can bet that all the data that has been gathered from TikTok has been sent back to the mothership to be analyzed and weaponized. China clearly understands how to use that information for marketing and messaging in ways that could give them a huge edge in the escalating economic warfare.

 American consumers may quickly feel that China is not the enemy robbing them blind; instead, they may view China as the ones offering a better deal.

 The US government, on the other hand, suddenly looks like the bad guy for keeping prices high and products out of reach.

 And this is just the beginning.

 What happens when a billion-dollar marketing machine—fueled by foreign data, run through a CCP-influenced algorithm, and distributed on the most addictive app in the world—starts targeting not just consumer wallets, but the foundations of America’s consumer-centric economy?

 An erosion of trust in American brands. A growing resentment toward US trade policy. A subtle, creeping, deliberate narrative that China gives you value, while your own government gives you inflation.

 This is now the guerrilla phase of the economic war.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/china-has-officially-deployed-its-digital-arsenal-152661/?inf_contact_key=a69ecd8fedfc404ab33b8f59fe470a34f378a691fa2de2618ccb1c27deca348f

Economist’s “News and Views” Tuesday 4-22-2025

Gold Soars Past $3400 As Stocks Plummet | Mario Innecco

Liberty and Finance:  4-22-2025

Mario Innecco discusses the recent surge in gold prices, attributing it to ongoing global currency debasement and long-term inflationary policies by central banks.

 He highlights the accumulation of physical gold by sovereign nations and central banks as a signal of a potential monetary realignment, possibly involving gold's return to the global financial system.

Innecco also emphasizes the declining credibility of fiat currencies and the dollar index as misleading, noting that all fiat currencies are weakening relative to gold.

He suggests that the Dow-to-gold ratio could return to 1:1, reflecting a major shift in financial markets similar to past historical resets.

Finally, Innecco advises patience and continued accumulation of gold and silver, warning that pullbacks may be brief and sharp as fear eventually drives more investors into hard assets.

INTERVIEW TIMELINE:

0:00 Intro

1:09 $3400 gold

4:24 Dow/gold ratio

 7:30 Gold pullback coming?

13:00 Trump & the Fed

18:00 Dollar Index

19:30 Monetary realignment

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

"The Real Price of Gold is $40.000..." - Rafi Farber | Gold Silver Price

Bullion News:  4-22-2025

https://www.youtube.com/watch?v=0MU88MX_aF8

Gold Futures Break $3,500 In Overnight Trading

Arcadia Economics:  4-22-2025

The stunning Asian gold rally continued again last night, with the futures breaking the $3,500 level, and reaching as high as $3,509 before selling off into Tuesday morning trading.

Vince Lanci looks at the historic move, and digs into what the charts are suggesting as well.

https://www.youtube.com/watch?v=Uy5DYv7RdjI