“Vietnam News” Posted by Henig at KTFA 4-23-2025

KTFA:

Henig:  Hà Nội, Washington officially launch bilateral trade talks

April 23, 2025 - 22:18

Việt Nam attaches great importance to developing its Comprehensive Strategic Partnership with the US, and wishes to promote economic and trade relations in a balanced, stable, sustainable, and effective manner.

HÀ NỘI — Minister of Industry and Trade Nguyễn Hồng Diên, head of the Vietnamese government trade negotiation delegation, on Wednesday evening held a phone call with United States Trade Representative Jamieson L. Greer to officially launch talks on bilateral economic and trade issues between Việt Nam and the US.

This was an important working session to discuss the principles, scope, and roadmap for negotiations. Attending the call were members of the Government negotiation delegation and technical-level representatives from relevant ministries and agencies.

During the call, Minister Diên affirmed that Việt Nam attaches great importance to developing its Comprehensive Strategic Partnership with the US, and wishes to promote economic and trade relations in a balanced, stable, sustainable, and effective manner.

He emphasised that Vietnamese ministries and agencies are ready to negotiate and address US concerns, and to work with the US to find mutually beneficial solutions based on the spirit of harmonised interests and shared risks. For his part, US Trade Representative Jamieson L. Greer highly appreciated the two countries’ agreement to negotiate a bilateral trade agreement. He expressed confidence that the two sides would soon reach appropriate solutions to foster stable and mutually beneficial economic and trade relations.

At the conclusion of the meeting, the two Heads of Delegation also agreed to maintain regular communication at both the head-of-delegation and technical levels to expedite negotiations on specific issues. Việt Nam was among the countries hit with the highest rate of 'reciprocal tariffs' as announced by US President Donald Trump in early April, at 46 per cent.

 During a phone call taking place shortly afterwards, General Secretary Tô Lâm, Việt Nam's top leader, has told President Trump that Việt Nam can slash all tariffs against American goods into Việt Nam to zero per cent, while seeking for the US to do the same for Vietnamese goods. — VNS   LINK

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Henig:  Việt Nam will safeguard core interests while deepening US trade ties: PM

April 23, 2025 - 08:11

PM Chính reaffirmed that Vietnamese goods do not pose unfair competition to US industries, noting that bilateral trade has long been mutually beneficial, particularly for American consumers.

Việt Nam, he added, remains willing to negotiate on issues raised by the US, so long as its core interests are protected and its foreign policy principles upheld.

HÀ NỘI — Prime Minister Phạm Minh Chính has urged ministries and local authorities to work in close coordination to swiftly address key concerns raised by the United States, as Việt Nam continues to pursue fair and sustainable trade relations, amid shifting global dynamics.

Chairing a Government meeting yesterday, the PM said the current challenges in global trade also present opportunities for Việt Nam to restructure its export base, diversify markets and supply chains, and boost product quality. He emphasised the need for a strategic shift towards high-tech, green and knowledge-based economic development, driven by digital transformation. Institutional reform, he noted, must go hand in hand with growth.

PM Chính directed ministries to tighten oversight in key areas such as origin traceability, anti-smuggling, commercial fraud prevention and the fight against counterfeit goods. He also called for a comprehensive review of tax refund mechanisms and demanded a reduction in administrative procedures, costs and processing times, aligned with Government resolution.

 To further support investment attraction, he ordered the immediate establishment of a national one-stop investment portal and investment promotion centres, at both national and provincial levels. These efforts aim to draw in high-quality, long-term investors, especially in technology and innovation. Such investors, the PM said, should not only bring capital, but also transfer technology, train human resources, invest in research and development and support Vietnamese enterprises in joining global supply and production chains.

This was the fifth high-level meeting chaired by PM Chính, to implement the Politburo’s and Party General Secretary Tô Lâm’s conclusions on adapting to the US’s evolving tariff policies and promoting deeper trade ties.

Following reports and discussions, the PM acknowledged Việt Nam’s timely and flexible response to the US’s tariff adjustments, first introduced under President Donald Trump. He said the country’s calm, strategic approach has produced tangible results and earned a positive response from Washington.

Within the framework of the Việt Nam–US Comprehensive Strategic Partnership, General Secretary Lâm held a phone call with President Trump and dispatched Deputy Prime Minister Hồ Đức Phớc and the Minister of Industry and Trade, as special envoys to engage US officials. Vietnamese leaders have also met with the US Ambassador, lawmakers, academics and business leaders to enhance mutual understanding.

Việt Nam has issued decrees to reduce certain tariffs on US imports, addressed long-standing issues in US-invested projects and taken steps to rebalance trade, such as increasing purchases of American-made aircraft, while staying within the bounds of Vietnamese law and bilateral agreements.

PM Chính reaffirmed that Vietnamese goods do not pose unfair competition to US industries, noting that bilateral trade has long been mutually beneficial, particularly for American consumers. Việt Nam, he added, remains willing to negotiate on issues raised by the US, so long as its core interests are protected and its foreign policy principles upheld. He tasked ministries and the negotiating team with thoroughly preparing for upcoming talks, ensuring alignment with the guidance of the Politburo, the General Secretary and the Government.

 He warned against introducing complications that could affect other markets or disrupt Việt Nam’s existing international commitments. The PM said that trade relations should be handled with calm, clarity and conviction. He underscored the importance of prioritising dialogue over confrontation, maintaining mutual respect and pursuing harmonised interests that serve the long-term benefit of both countries, particularly their businesses and consumers.

 He urged a focus on diversifying export markets, product lines and supply chains, improving product quality and cost efficiency and moving towards a high-tech, green, circular and knowledge-based growth model grounded in science, technology and digital transformation. — VNS   LINK

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Henig:  Party leader receives Rosen Partners CEO

April 24, 2025 - 00:32

Rosen Partners informed General Secretary Tô Lâm on their investment plans, notably a project to build a world-class amusement park in Việt Nam, and committed to promoting cooperation in science and technology, artificial intelligence (AI)

HÀ NỘI — Party General Secretary Tô Lâm gave a reception in Hà Nội on Wednesday for Daniel Rosen, CEO of Rosen Partners – a privately held, industry-leading investment firm in the US.

Welcoming Rosen's return to Việt Nam on the occasion of the 30th anniversary of the establishment of the two countries’ diplomatic relations and the second year of the Việt Nam-US Comprehensive Strategic Partnership, Lam expressed his pleasure at the strong developments in bilateral relations in recent times.

He reaffirmed that Việt Nam values the development of its relationship with the US and hopes the two sides will continue to deepen, enhance, and stabilise their cooperation in all fields, particularly in the areas of economy, trade, and investment, for the benefit of the people and businesses of both countries.

Assessing that Việt Nam and the US are two economies with complementary advantages, the Party chief said Việt Nam has an abundant workforce with a strong desire to contribute to and strive for progress, and rich natural resources, and places great emphasis on capital, technology, and high-tech products from the US. Rosen shared his impressions of witnessing the talent, entrepreneurial spirit, and the remarkable changes in Việt Nam, which, he said, have created favourable conditions and opened up more investment and business opportunities for US companies in the country.

He provided information about his company’s investment plans, notably a project to build a world-class amusement park in Việt Nam, and committed to promoting cooperation in science and technology, artificial intelligence (AI), as well as connecting Vietnamese scientists with their US and international counterparts, and building specific collaborative projects in areas such as science and technology, AI, and smart governance.

 Welcoming Rosen Partners' interest in investing in Việt Nam, General Secretary Lâm affirmed that the country is working to streamline its organisational apparatus and reorganise its administrative boundaries to expand space and facilitate development, in line with the country's goals for 2030 and 2045.

Việt Nam encourages investment in the development of culture, tourism, and people-to-people exchanges, and welcomes cooperation with other countries, including the US, in the field of science and technology, he said, urging the group to promote cooperation and invest in areas where the US has strengths and Việt Nam has needs, including high-quality agriculture, and human resources development and training.

 Rosen reaffirmed his commitment to making efforts to implement investment projects in Việt Nam, contributing to the development of Việt Nam and the Việt Nam-US relationship. — VNA/VNS  LINK

US GB Bankers Rule The World

US GB Bankers Rule The World

The Final Wake Up Call By Peter B Meyer

Not one penny of tax pays for any service or programme

Put simply, bankers control the government in almost every country. This has been the case since the creation of the Federal Reserve in 1913, and in Europe for centuries before that.

Their grip was further tightened when the gold standard was abandoned in 1971. For the most part, the public believes that governments get their money from the taxes they collect from their citizens. This money, it is believed, pays for all the services and programmes needed to keep a country running. But this is not the case. Instead, not a single penny paid by the people to the government actually pays for any service or programme.

The money collected from the people goes directly to privately owned central banks.

 This is how central banks actually work; the central bank lends money to the government and buys the government’s debt. But the banks do not really have the money they lend, so when they need it they just print more.

 The money they print is worth nothing because it is not backed by anything.

 In the past, the US dollar was backed by the so-called “gold standard” and that determined the value of the currency.

• The business model of the central banksters is control. They put governments into debt to control them by creating fake currency and lending it to the government, which then has to listen to what the banksters say. Otherwise they go after the real assets and that is why governments and the population are massively indebted.

 The central banks don’t want to give up this control mechanism, they insist on maintaining their debt-based control system.

 The whole economic system has collapsed since 2008. The banks created an illusion to make everyone believe that the economy had recovered, but as is now known and seen by many, it did not.

 The same central banks are preparing to bring the economy down, but first they need someone to blame. However, they have started to announce that it could happen as early as this year.

Designed for tampering

Pre-programmed for manipulation and deception The average citizen has been programmed to trust the government. It starts with their primary school civics books and continues through college courses in ‘political science’, where young people are pre-programmed to be susceptible to manipulation and deception.

Sure, everyone knows that governments make mistakes and are occasionally inept. But the average person actually believes that government is their friend.

 That’s why they’re perfectly willing to give up privacy for convenience. They think their interests are in the hands of competent, well-meaning and well-meaning people. But that’s not the case at all.

The government is an entity with its own interests. It’s like a parasite or a predator that feeds on society as a whole. This trend is likely to continue until there’s a crisis.

 Dysfunctional Banks

The present banking system is very dysfunctional. It’s politicised and distorted, while today’s ‘too big to fail’ institutions are already effectively twisted arms of the state.

These are horrendous practices. They are made possible by paying mega-millions to management and socialising the losses.

 The Central Bank Became Everyone’s Bank

Banks have historically provided two financial services: the storage and the intermediation of money. Money was a commodity, not just an accounting fiction. It was a floating abstraction.

This distinction has already been lost with current accounts that pay interest and fractional reserve policies that create currency out of thin air. But people would really be living in dreamland if the central bank really did become everyone’s bank. Right now, the central bank has total control over interest rates and all lending policies, without any competition.

 A Double Transformation

To deal with the mounting debt and the printing of money to pay for dozens of new social programmes, President Franklin D. Roosevelt made two extraordinary changes to the financial system in 1933.

• First, he closed the banks for four days and forced Americans to turn in and exchange every ounce of gold they owned for $20.67 in paper money.

• Then the government raised the price of gold, wiping out 69% of the savings of anyone who played by the rules.

 But that was just the beginning. Roosevelt also removed the ‘gold clause’ from all contracts, including loans, bonds and other financial instruments. At the time, people were worried that the government might inflate away the value of their money. So they added a gold clause, which said that repayments could be required to be made in gold.

 These gold clauses were included in government loans, bank deposits, insurance policies and other private contracts.

When Roosevelt outlawed the gold clause, he stole billions from investors. In fact, a Harvard paper estimates that this rule took $700 million a year in 1933 dollars from private investors who bought government bonds.

Billions more were stolen from people who lost money in private contracts, bank accounts and insurance policies when the gold clause was removed.

The removal of the gold clause was so controversial that investors sued the government. The case went all the way to the Supreme Court. Roosevelt was terrified that his Debt Jubilee would be overturned. He even wrote a speech saying he would ignore the court if it ruled against him.

In the end, his political pressure worked, and the court ruled 5-4 in Roosevelt’s favour. There were consequences, of course: tens of millions of people lost massive amounts of their savings. And after a boom, the stock market soon fell by 50% in a single year. Investor confidence was shattered.

A great financial crisis was brewing. The government and individuals had borrowed exorbitant amounts of money, and many were struggling to repay their creditors because every dollar at the time had to be backed by $0.25 of gold. So the government couldn’t print unlimited amounts of money out of thin air.

 Foreign creditors who held US government bonds were allowed to take repayment in gold bullion rather than dollars, so gold reserves rapidly disappeared. From 1958 to 1968, 52% of America’s gold reserves left the country in the form of repayments on US debt.

The government was terrified. They knew there was only one way out: another debt jubilee. First, they eliminated the 25% gold backing of every dollar. Then, in 1971, President Richard Nixon completely reneged on the US promise to pay foreign creditors gold for their dollars.

 It was the Federal Reserve that created the post-1971 fake dollar when Nixon cut the dollar’s last link to gold. And it was this fake dollar that turned America from the world’s largest creditor to the world’s largest debtor; and from the world’s largest trade surplus to the world’s largest trade deficit.

 This reversal destroyed breadwinner jobs, leaving the baby boomer generation with declining real incomes, part-time jobs and no surpluses to save.

Finally, it was the Fed with its ultra-low, below-inflation interest rates that made saving money uncool, unprofitable and unnecessary.

• The question is: how will larger deficits reduce the national debt?

• How will spending real resources on phony wars make people safer or better off?

Clearly this will end in chaos if nothing is done to stop it.

The central banks have kept the system going longer in order to bring the world into the one world government. For the same reason, all countries must be equally brought down to the lowest standard of living in order to create a level playing field for integration into the New World Order system.

Fortunately, the cabal’s obscure plans were interrupted by the election of Trump. Their plans began to fall apart when Hillary was not elected.

Fake Evidence

People should be wary of fabricated “evidence” of any kind, even more so after what is seen in recent decades.

A case in point is the monstrous lies and massive distortions that accompanied the reckless claim that Iraq had weapons of mass destruction.

If you are not yet convinced of who and how the world has been manipulated for hundreds of years, take the time to watch this educational video. https://www.youtube.com/watch?v=pv7E7Q3fsLo

 The battle lines have been drawn for an all-out effort to rid the world of these evil, vile Satanists. They have no regard for humanity.

Watch the one and a half minute report by US General Wesley Clark (ret.) here.

https://www.youtube.com/watch?v=SXS3vW47mOE&t=87s

https://finalwakeupcall.info/en/2025/04/22/bankers-rule-the-world/

Economist’s “News and Views” 4-23-2025

Currency Crisis As Debt Explodes Out of Control with Matthew Piepenburg

WTFinance:  4-23-2025

On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg.

Matthew is a Partner of Von Greyerz AG. During our conversation we spoke about the current state of the economy, tariffs, why all problems lead to debt and liquidity, a complete shift in the world order, collapse of the FIAT currency and more. I hope you enjoy!

0:00 - Introduction

0:57 - What are you seeing in the economy?

8:39 - Tariffs impact on liquidity

 20:14 - Complete shift in the world order?

29:49 - Collapse of FIAT currencies

41:14 - One message to takeaway from our conversation?

https://www.youtube.com/watch?v=NgQB8zdlHdo

Gold Continues To Diverge From Silver & Trade On Monetary Premium

Arcadia Economics:  4-23-2025

We're in the midst of one of the more fascinating days in gold and silver market history. As the gold futures are down $120, while silver is actually up 60 cents along with the stock markets.

I'm not sure we've ever seen a divergence that extreme between the two metals before, and in today's show, Lynette Zang talks about how we're seeing gold trade at a monetary premium right now.

https://www.youtube.com/watch?v=_Ujd-ms15dw

Gold’s Surge is Unsettling as Trump Shocks System

Liberty and Finance:  4-22-2025

In a recent discussion with Liberty and Finance, the anonymous financial analysts known as Doomberg delivered a stark assessment of the U.S. economy, arguing that the country is already mired in a recession.

They painted a picture of economic headwinds, political challenges, and potential geopolitical flashpoints, urging investors to remain calm and prepare for a period of prolonged uncertainty.

Doomberg pointed to a confluence of economic indicators signaling a significant slowdown. While mainstream narratives often focus on positive numbers, they highlighted underlying weaknesses masked by lagging data.

They suggested that key sectors are struggling, and that the overall economic picture is far less rosy than official reports suggest.

Adding to the economic woes, Doomberg believes that the Trump Administration faces significant obstacles, even before potentially retaking office. Internal pushback from within the government, coupled with a Federal Reserve that appears to be operating at odds with the administration’s goals, could significantly hinder any attempts to implement effective economic policies. This misalignment, they argued, creates further instability and uncertainty in an already fragile environment.

Echoing familiar concerns from the CoviD era, Doomberg warned about the resurgence of supply chain disruptions. These disruptions, they stated, are not isolated incidents but rather a pervasive issue that continues to destabilize markets and contribute to inflationary pressures.

This ongoing instability makes it difficult for businesses to plan and invest, further exacerbating the economic slowdown.

One of the most compelling arguments Doomberg presented was the rising price of gold. They interpreted this not just as a response to inflation, but as a broader signal of a shifting monetary environment. Gold’s rise, they argued, indicates a growing lack of confidence in traditional financial systems and a move towards alternative stores of value.

While energy markets currently appear stable, Doomberg cautioned against complacency. They warned that geopolitical tensions, particularly in volatile regions, could rapidly alter the energy landscape, leading to price spikes and further economic disruption.

They emphasized the unpredictability of these events and the potential for significant ripple effects throughout the global economy.

Despite the somber outlook, Doomberg’s message wasn’t one of despair. They strongly advised investors to avoid the trap of short-term panic selling. Instead, they advocated for a long-term perspective, urging investors to focus on building resilient portfolios that can weather the ongoing uncertainty.

 They emphasized the importance of diversification, maintaining sufficient cash reserves, and investing in assets that tend to perform well during periods of economic turmoil.

In conclusion, Doomberg’s discussion with Liberty and Finance offered a sobering assessment of the U.S. economy. Their analysis highlighted the multifaceted challenges facing the nation, from economic slowdown and political headwinds to supply chain disruptions and potential geopolitical flashpoints

However, by urging investors to remain calm, focus on long-term strategies, and maintain a balanced portfolio, Doomberg offered a roadmap for navigating the turbulent times ahead. The message is clear: preparedness and prudence are essential in the face of escalating economic uncertainty.

https://youtu.be/lZnB0kH24nM

Coffee with MarkZ, joined by Andy Schectman. 04/23/2025

Coffee with MarkZ, joined by Andy Schectman. 04/23/2025

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 Mark, Mods and Members!!!

Member: Please Lord let today be THE DAY!

Member: Mark How much of the bonds need to be processed before we go for 4B appointments?

MZ: I was always told somewhere between 30%- 40% would need to be processed before they pull that trigger

MZ: On the bond side I know some folks with big meetings today. We will see if they do indeed get their funding. We are seeing great movement and daily updates of great progress this week and last. The question is : When do we reach the crucial mark before they release the currencies???

Member: I wonder how many layers are there between your T3 guys and T4?

MZ: I was always told we would get our announcements within a few days of hitting the 30-40 % . I think we are approaching that threshold now.

Member: Bo Polny showed an interesting financial chart from 1929 and this year it looks exactly the same

MZ: We are in a depression cycle similar to 1928….Without a reset – this is scary. They are sure talking a lot about a reset……I mentioned this last night but Jim Rickards ( a economist) just said that $157 Trillion in a sovereign fund for the US would unleash prosperity in the US like nothing we have ever seen before. I think this is interesting timing.

Member: Franks bank contact bluntly said new currency at the CBI!!!

Member: Frank26's bank contact, Aki, told Walking Stick yesterday that the lower notes are in the CBI.

MZ: I am hearing those stories too…including cut sheets. But I have not seen any in circulation yet. But I believe they are printed and ready.

Member: BREAKING: The Abu Dabi (UAE) securities exchange ( ADX) signed an agreement with the Iraqi stock exchange and to join the Tabadul platform

MZ: “Parliamentary finance rules out adjusting the price of a barrel of oil”  right now there are mechanisms in the budget to adjust the price of oil down to $60 a barrel. There is no need to panic.

Member: A golf buddy works in Iraq. He was back this week and said the Dollar is illegal there now. So that was confirmed from someone that works there

MZ: “Americans to extend their stay in Iraq for another 3 years” With Isis possibly gaining ground in Syria….Iraq and the US sat down to extend security guarantees. This is separate for the UN missions.

Member: If you do the math, gold will need to be$10k/ounce to cover the paper dollars in circulation

Member: Mark, what do you think of the rumor from Iraq stating they’re looking at changing the rate to $1.32?

MZ: I have never seen the rate of $1.32. Don’t remember seeing Iraq saying that.

Member: Bruce said the dong rate will be higher than we think

MZ: I keep being told that as well.

Member: I heard that Vietnam is talking with the US Treasury ad setting everything up

MZ: That is exactly what they are doing. Vietnam is right now in open talks with our Treasury. The US says it’s time to stop manipulating your currency and raise it.

MZ: “ Digital currency and the dollar”  BRICS has been trying to come up with a currency to stop using the USD. Trump is pushing them to not abandon the dollar. What would other options be? How about a gold backed digital currency…this would solve all the problems.  They are also talking about a future system they are already working on. The Amberge system. I am trying to figure out what that is. More on that later.

Member: 2 dinar websites put out to expect notifications tomorrow. Never heard specific dates before, but hope they are right…...

Member: After watching this, we’ll have to watch the John Dowling podcast with Mark Z.

MZ: Jon brought a lot to the table and I do enjoy my time with Mr. Dowling. https://youtu.be/lhvr3iB_alk?si=l69kmbwbPfovkv4X

Member: People think we have no power here to make this reset happen. We get what we focus on. We have two options: depression, both mentally and economically; or hope of a reset and abundance and prosperity.

Member: I can't wait to retire.... What a great time to be alive.

Member: I think we are exactly ready to Re- value I’m not scared, and I am seeing too many things going on with many coms, the waiting is just difficult

Member: May you all have a beautiful and blessed day!

​​Member: Thank you Mark for all these years for giving us information … God bless you and your family

Andy Schectman from Miles Franklin joins the stream. Please listen to the replay for his information and opinions

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=7sE5tcJDecE

PREPARE: Most People Have No Idea What's About To Happen! - Andy Schectman

PREPARE: Most People Have No Idea What's About To Happen! - Andy Schectman

Financial Wisdom:  4-23-2025

In Andy Schectman's latest interview, he explains how Trump's cryptic "golden rule" social media post signals an imminent financial system reset that will transfer wealth to gold holders as central banks abandon treasuries for physical gold.

Schectman reveals how the BRICS nations are methodically building gold-backed alternative financial systems that will trigger a massive wealth transfer from fiat currencies to precious metals.

0:00 - Trump's Easter Sunday post on Truth Social

0:28 - Gold's reemergence and public misunderstanding

1:03 - U.S. gold imports and COMEX deliveries

1:15 - Gold as a tier-one asset vs. treasuries

2:00 - Speculation on gold-backed treasuries by 2026

2:15 - JP Morgan and GLD custodianship concerns

3:03 - Treasury debt refinancing and interest rates

3:31 - Triffin's Dilemma and global trade imbalances

4:08 - China's dominance in pharmaceuticals and rare earths

 4:23 - Dollar recycling, treasuries, and economic consequences

4:54 - Fed's policy shift: inflation vs. employment

5:26 - Gold-backed treasuries and global gold accumulation

 5:51 - China's cross-border digital RMB bridge

6:23 - Belt and Road, BRICS expansion, and gold settlement

 7:01 - Gold's quiet rise vs. Bitcoin in media coverage

8:24 - Gold undervaluation and rehypothecation in London

9:20 - Physical vs. paper gold imbalance

10:04 - BRICS methodical gold accumulation strategy

10:47 - System strain at the London Metals Exchange

11:20 - Volatility in gold and investor behavior

12:01 - Long-term gold perspective and Trump's potential signal

https://www.youtube.com/watch?v=3qs5OuGvf2I

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

~~~~~~~~~

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

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

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.

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

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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