Iraq Economic News And Points To Ponder Wednesday Afternoon 5-7-25

Al-Araji Discusses With The US Chargé d'Affaires The Latest Developments On The Regional And International Arenas

Wednesday, May 7, 2025, | Politics Number of reads: 246  Baghdad / NINA / National Security Adviser, Qasim Al-Araji, received in his office on Wednesday, the Chargé d'Affaires of the US Embassy in Baghdad, Elizabeth Trudeau.

According to a statement by the advisory, the meeting reviewed the latest developments on the regional and international arenas, and the efforts made to consolidate peace and de-escalate the situation in the region and the world.

The Iraqi-American strategic partnership and relations based on the strategic framework agreement signed between the two countries and ways to develop them were also reviewed.

The meeting also discussed the efforts of the two countries regarding the Al-Hawl camp file and the measures taken by the Iraqi government to return its citizens from the camp.

Al-Araji also stressed that the Iraqi government welcomes direct negotiations between the United States of America and the Islamic Republic of Iran, as they serve the interest of stability in the region and the world, reiterating that Iraq is moving forward to develop its relations with international partners. /End https://ninanews.com/Website/News/Details?Key=1225330

Rafidain Bank Achieves More Than Two Trillion Dinars In Electronic Collection Settlements

Banks  Economy News – Baghdad  Rafidain Bank announced today, Wednesday, a qualitative leap in the volume of electronic tax settlements implemented for government departments during the first third of 2025.

According to data released by the bank, total settlements exceeded 2.65 trillion dinars, a significant increase compared to the same period in 2024, when they amounted to approximately 772 billion dinars.

The bank indicated in its data that the growth rate reached 244%, driven by the expansion of the number of government departments activating the electronic collection system, as their number increased from 1,395 departments at the end of March 2024 to 1,808 departments at the end of March 2025.

April 2025 also recorded the highest quarterly settlement rate, reaching 654 billion dinars, compared to only 314 billion dinars in April of last year. This reflects a clear improvement in the system's operational efficiency and enhanced government institutions' confidence in using electronic payment services through Rafidain Bank, according to the data.

The bank emphasized that this achievement falls within the framework of its strategy to support government efforts, implement digital transformation plans, enhance government collection efficiency, and consolidate the principles of transparency and financial governance, in line with government directives to build a more integrated and effective financial system.
https://economy-news.net/content.php?id=55204

The President Of The Republic To The Governor Of The Central Bank: The Need To Develop A Sound Future Strategy For Fiscal Policy

Banks  Economy News – Baghdad   President Abdel Latif Jamal Rashid stressed on Wednesday the need to exert efforts and develop a solid future strategy for financial policy.

A statement from his media office, received by Al-Eqtisad News, stated that "the President of the Republic received the Governor of the Central Bank, Ali Al-Alaq, at the Baghdad Palace to discuss the state of the Iraqi banking sector and the measures to develop it, as well as the reform packages being undertaken by the Central Bank to address economic changes and their impact on the local market."

The President of the Republic stressed "the need to exert efforts and develop a sound future strategy for fiscal policy that will enhance the desired economic development."

He pointed out that "the meeting discussed plans to revitalize the investment sector by supporting the private sector, especially given the country's remarkable stability on the security, political, and social levels."

In turn, Al-Alaq reviewed the efforts made by the Central Bank and its future plans aimed at strengthening fiscal policy and economic stability in the country. https://economy-news.net/content.php?id=55214

Baghdad Municipality Achieves Highest Revenues In Its History

Baghdad Municipality. "Internet"   Money and Business  Economy News – Baghdad  Baghdad Mayor Ammar Musa confirmed on Wednesday that the Secretariat will rely on its own resources to provide services to the capital's residents. He also noted that 2024 tax collections amounted to more than 295 billion dinars, the highest since its establishment.

"The Baghdad Municipality achieved a collection rate higher than the required target last year, and it was the highest collection rate achieved by the municipality since its establishment, and we aspire to more," Musa said in a statement reported by the official news agency, and seen by "Al-Eqtisad News" (INA). He pointed out that "revenues come either through increased fees, and we are working to prevent them from increasing so as not to affect the individual's living income, or by increasing the municipality's revenues by providing facilities and procedures."

He added, "Our goal in 2025 is for collection to be higher than the planned target for 2024, and we are keen to rely more on our own resources in order to provide services to the people of the capital," explaining that "collection last year, 2024, amounted to more than 295 billion dinars." https://economy-news.net/content.php?id=55230

For The Second Week, The Dollar Continues To Decline In Local Markets

Economy | 07/05/2025  Mawazine News – Baghdad The US dollar exchange rate fell on Wednesday morning in Baghdad's local markets.

The dollar price fell on the Al-Kifah and Al-Harithiya stock exchanges to 134,400 Iraqi dinars for every $100, while yesterday morning, Tuesday, it recorded 144,000 dinars for every $100.

The selling price in exchange shops in Baghdad's local markets reached about 144,500 Iraqi dinars for every $100, and the buying price reached 142,500 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=261185

Oil Prices Rise On Signs Of Increased Demand From Europe And China

Energy   Economy News – Baghdad   Oil prices rose on Wednesday amid signs of weak production in the United States and rising demand in Europe and China, with buyers emerging after prices fell to new lows earlier in the week.

Brent crude futures rose 37 cents, or 0.6 percent, to $62.52 a barrel by 12:15 GMT, while U.S. West Texas Intermediate crude reached $59.53 a barrel, up 44 cents, or 0.74 percent.

Prices for both benchmark crude oils fell to their lowest levels in four years after OPEC+ decided to accelerate production increases, raising concerns about a supply glut at a time when US tariffs have raised concerns about demand.

However, low oil prices in recent weeks have prompted some US energy companies such as Diamondback Energy (FANG.O) to close some of their US offices.

Global oil and gas companies have announced they will reduce the number of drilling rigs, which analysts say will eventually lead to higher prices through reduced production.

Market sources said crude inventories fell by 4.5 million barrels in the week ending May 2, citing figures from the American Petroleum Institute on Tuesday.

Prices also received support from signs of improving demand. Consumers in China increased their spending during the May Day celebrations and as market participants returned from a five-day holiday. https://economy-news.net/content.php?id=55202

Gold Prices Fluctuate In Baghdad And Erbil Amid The Dollar's Decline

Wednesday, May 7, 2025, | Economic Number of reads: 129  Baghdad/ NINA / Foreign and Iraqi gold prices stabilized in the local markets of the capital, Baghdad, and decreased in Erbil on Wednesday.

The selling prices of gold, in the wholesale markets on Al-Naher Street in the capital, Baghdad, this morning, were recorded for one Mithqal of 21 karat Gulf, Turkish and European gold at 680,000 dinars, and the purchase price was 676,000 dinars.

The selling price of one Mithqal of 21 karat Iraqi gold reached 650,000 dinars, and the purchase price was 646,000.

As for gold prices in goldsmiths, the selling price of one Mithqal of 21 karat Gulf gold ranges between 680,000 and 690,000 dinars, while the selling price of one Mithqal of Iraqi gold is between 650,000 and 660,000 dinars.

As for gold prices in Erbil, they recorded a decrease, as the selling price of 24-karat gold reached 792 thousand dinars, 22-karat gold sold for 726 thousand dinars, 21-karat gold sold for 693 thousand dinars, and 18-karat gold sold for 594 thousand dinars.

The exchange rates of the US dollar recorded a decrease, this Wednesday morning, in the markets of Baghdad and Erbil, reaching 143,400 Iraqi dinars for 100 dollars in the Al-Kifah and Al-Harithiya stock exchanges. / End

https://ninanews.com/Website/News/Details?key=1225343

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

Seeds of Wisdom RV and Economic Updates Wednesday Evening 5-7-25

Good Evening Dinar Recaps,

FED HOLDS RATES STEADY AS IT NOTES RISING UNCERTAINTY AND STAGFLATION RISK

• The Federal Reserve held its key interest rate unchanged in a range between 4.25%-4.5%, where it has been since December.

• The post-meeting statement noted the recent market volatility and how that is factoring into the central bank’s policy decisions.

• “Uncertainty about the economic outlook has increased further,” the statement said.

WASHINGTON — The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy.

In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market Committee (FOMC) held its benchmark overnight borrowing rate in a range between 4.25%-4.5%, where it has been since December.

The post-meeting statement noted the volatility and how that is factoring into policy decisions.

"Uncertainty about the economic outlook has increased further."
"The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen."

While the statement did not specifically address the tariffs, Chair Jerome Powell addressed the issue at his post-meeting news conference.

Stocks briefly ceded some gains after the rate announcement but mostly recovered, with the Dow Jones Industrial Average up nearly 300 points despite some worries over the Fed’s characterization of the economic risks.

“The May FOMC statement in effect warns that a large trade shock is still set to hit the economy in spite of efforts by the Trump administration to deescalate..."
— Krishna Guha, Head of Global Policy and Central Bank Strategy at Evercore ISI

“...with the Fed seeing the risks ahead as two-sided and not providing any early dovish lean in favor of a June rate cut.”
“The net implications for risk assets are negative.”

A possible stagflationary scenario

Finding the balance between the two elements of the Fed’s so-called dual mandate of full employment and stable prices has become more difficult amid President Donald Trump’s tariff push.

In noting that tariffs threaten to aggravate inflation as well as slow economic growth, the statement raises the possibility of a stagflationary scenario largely absent from the U.S. since the early 1980s.

Policymakers have largely agreed that the central bank is in a good position, with the economy generally holding up, to be patient as it calibrates monetary policy.

Powell emphasized this during the press conference:

“The economy itself is still in solid shape.”

Trade Talks in Focus

The Fed’s deliberations come as the White House is locked in negotiations with top U.S. trading partners during a 90-day negotiating period that began in early April. Trump slapped 10% across-the-board tariffs on U.S. imports and threatened other “reciprocal” duties pending ongoing talks.

As near-daily headlines gauge the trade war, the economy has been flashing conflicting signals on growth, inflation, and consumer and business sentiment.

• Gross domestic product (GDP) fell 0.3% in the first quarter

• Slower consumer and government spending and a surge in imports ahead of tariffs

• Most economists expect a return to positive growth in Q2

The FOMC noted that “swings in net exports have affected the data,” while maintaining its view that the economy “has continued to expand at a solid pace.”

Indeed, job growth has held up despite Trump’s efforts to pare down the federal workforce:

• Nonfarm payrolls increased by 177,000 in April

• Unemployment rate held at 4.2%

• Inflation is approaching the Fed’s 2% target

However, tariffs are expected to lead to at least a one-time rise in prices. Trump has urged the Fed to cut rates as inflation has eased. The Fed’s preferred inflation gauge showed:

• Headline inflation at 2.3%

• Core inflation (excluding food and energy) at 2.6%

As with all aspects of the economy, it all depends on what happens with tariffs.

Market Reactions & Outlook

Recent signs of progress in negotiations and some softening from the administration helped reverse a major stock market sell-off after the April 2 “liberation day” announcement from Trump.

However, business surveys continue to show high anxiety—most managers report concerns about supplies and pricing from the tariffs.

Market pricing regarding Fed action has been volatile:

• Heading into the meeting:

• Virtually no chance of a rate cut this week

• <30% probability of a June move

• Next cut expected in July

• Three cuts priced in for the year

The committee’s decision to hold the benchmark rate steady was unanimous.

The federal funds rate, used by banks for overnight lending, also affects mortgages, auto loans, and credit cards.

@ Newshounds News™
Source:  CNBC

~~~~~~~~~

US TREASURY SECRETARY EXPRESSES SUPPORT FOR CRYPTO BILLS AT HEARING

Scott Bessent suggested support for the stablecoin and market structure bills being considered in Congress in response to a question about China.

Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.

Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the:

“premier destination for digital assets”

in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary added that:

“good market structure” and “stablecoin legislation” could help ensure this outcome.

Bessent’s remarks echoed those of other Republican lawmakers and President Donald Trump, who initially claimed he wanted to make the US the:

“crypto capital of the world”

during his 2024 campaign. The Treasury Secretary was likely referring to:

• the draft of a digital asset market structure bill released by House Republicans on May 6

• the GENIUS bill to regulate stablecoins, expected to be taken up for a Senate vote on May 8

The Treasury Secretary, a Trump nominee, has supported the president on key crypto policy actions, including:

• an executive order to establish a sovereign wealth fund

• participation in a working group exploring federal stablecoin regulations and a national crypto stockpile

He also stated during a confirmation hearing that he would oppose the creation of a US central bank digital currency while in office.

Democrats Push Back on Crypto Bills Amid Memecoin Dinner Controversy

Even before Trump announced plans to hold an exclusive dinner and VIP tour for top memecoin holders, he faced scrutiny over alleged conflicts of interest tied to his crypto ventures.

The dinner announcement seemed to galvanize Democrats against any crypto-related legislation.

Representative Maxine Waters, ranking member of the House Financial Services Committee, led a walkout of the May 6 hearing on the Republican-drafted market structure bill, citing the need to explore:

“Trump’s crypto corruption”

Additionally, nine Senate Democrats stated they will not support the GENIUS stablecoin bill in its current form, demanding:

• stronger Anti-Money Laundering protections

• tougher oversight on foreign issuers

• improved national security safeguards

It remains unclear whether Republicans, who control both chambers of Congress, will have enough votes to pass either bill.

@ Newshounds News™
Source:  CoinTelegraph

~~~~~~~~~

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Thank you Dinar Recaps

FRANK26….5-7-25….OF COURSE !!!’

KTFA

Wednesday Night Conference Call

FRANK26….5-7-25….OF COURSE !!!’

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=Uie6XyoVFBY

Gold is Signaling a Financial Reset is Upon Us

Chris Vermeulen: Gold is Signaling a Financial Reset is Upon Us

Palisades Gold Radio:  5-7-2025

Tom welcomes back Chris Vermeulen, the founder of The Technical Traders, to discuss the highly volatile year of 2025 so far. He notes that volatility has been extreme across various asset classes, driven by factors like geopolitical tensions, AI advancements, and fears of an impending recession.

Vermeulen emphasized that while day traders thrive in such environments due to significant intraday swings, swing traders face increased risks with massive price gaps.

Long-term investors should prioritize capital preservation by moving to cash until market clarity emerges, as he believes a bear market has already begun. He warned against the "buy the dip" mentality, especially for those nearing retirement, cautioning that this approach could lead to significant losses in a prolonged bear market.

Vermeulen points out key indicators of an impending financial reset, including economic data showing hiring declines and rising unemployment, as well as housing market corrections with inventories soaring.

Gold was discussed as a safe haven asset, though Vermeulen cautioned about potential pullbacks. He suggested that gold miners could offer better opportunities once the market stabilizes.

Seasonality plays a role in his analysis, noting that stock markets typically struggle post-May, aligning with his bearish outlook. Real estate was also addressed, with Vermeulen predicting price drops of 15-20% and warning about the broader economic impact as housing values decline.

He highlighted the psychological effect on investors when their largest asset depreciates, potentially leading to panic selling across markets. The U.S. dollar's potential strength was discussed, with Vermeulen suggesting it could rally in a risk-off environment.

Time Stamp References:

0:00 - Introduction

0:52 - Market Volatility & Trading

4:58 - Markets in Topping Stage

8:30 - Cliff Phase Indicators

15:22 - Downside Targets Gold

18:50 - Expectations for Miners?

23:18 - Seasonality in 2025?

26:00 - Silver Markets & Risk?

28:57 - Bitcoin Decoupling

31:45 - Real Estate & Nest Eggs

34:30 - Google Search Trends

42:08 - Dollar Thoughts

48:49 - Mkt Resets & Wrap Up

https://www.youtube.com/watch?v=sAwT9paC1-4

Bruce’s Big Call Dinar Intel Tuesday Night 5-6-25

Bruce’s Big Call Dinar Intel Tuesday Night 5-6-25 

Transcribed By WiserNow Emailed To Recaps

Welcome. Everybody to the Big call tonight It’s Tuesday May 6 and welcome to the big call -  Hope everybody had a wonderful cinco de Maya yesterday, and I didn't celebrate it, per se, I was aware of it. Tonight - Today is the sixth of May and you're listening to the big call. Thanks everybody for listening again, being with us on the call.

Well, let's get into the intel now. Let's see where we are. We did get a little bit of information today. Try to give us an idea we had heard over the last Oh, I'm going to say, I'm going to say Sunday into Monday. We heard from one source. It's over seven redemption centers that we would be exchanging starting tomorrow afternoon.

Now I thought, Okay, that sounds great, but we need numbers beforehand, which obviously is still possible. And then I heard, we heard from a source that's very high up the letter with Wells Fargo, and that source said that we could get our free numbers anytime between now and Thursday the eight.

 I thought, huh, eight. That's China's favorite number. Chinese elders would like, what about Oh, Charlie Ward's Thursday? Could it be that both of those occur at the same time?

And  so I thought, okay, one window is, let's say from now is actually from  Monday at 6pm let's just call it now until Thursday to receive the toll free number. And this is the caveat. And you begin your exchanges, and then we had the other piece that said that we would receive it and exchange by tomorrow which is Wednesday afternoon, by Wednesday afternoon. So I'll take either one, right?

 Either one is a win, all right, so if all right, let me see. I'm gonna bring this out a different way. We heard that one particular redemption center was going to make a phone call for contact after 11 o'clock tomorrow morning, meaning that possibly something that was to occur by 11 tomorrow morning.

Don't know quite what that is. We'll have to see if that is meant for us -

Here's another thing we heard from one of our sources, that there's going to be a major announcement. He said that it would be tomorrow.- That would be  something we would all be affected by. It would be very good for us. Okay, I'm going to come back to this guy in a minute,

Then this afternoon, shortly after I heard that on NewsMax  I caught President Trump in the midst of a press conference where he was talking about trade, trade deals, trade with Canada, all of that.

And then all of a sudden, he changed gears in and wedged this in next -- he said there's going to be an earth shattering announcement that will affect America and its people. He said in the next few days, I thought, ooh, President Trump, is that the announcement that my associate was referring to?

He would not tell us what it was. I have to assume that he knew that it was and I thought, what could it be? What was it? What? What could that announcement be about? And then President Trump says what I just told you, I thought earth shattering affecting everyone in America and it's people

I thought the next couple of days, or the next few days, I thought, all right, so then we go back and we try to get back in touch with the one who said there would be a major announcement tomorrow, and then Ask him if you explain what it was, then he came back with what it was and said just be reasdy for Thursday  -- I said yatze – bingo  

Is that what we're waiting for? Are we looking for an announcement tomorrow, and then get ready for Thursday . Is that something regarding and we thought we figured this out. What? What announcement could it be right now? Could it be an EAS EBS announcement? Could it be something about the USN and our new currency, the first fruits of NESARA

Could it be about the asset back currency our physical money called ustn, United States Treasury note? What was it going to be? And we'll have to see what it is, because we never did get an absolute on that announcement. But President Trump himself mentioned an earth shattering announcement.

That's his words, earth shattering announcement. Then he came back as to when, and he said, over the next few days. Now, when some says over the next few days All right, so, I will say this - that's very, very important  for us to consider that possibility, okay? And I think it's great for us to have heard that, and I love the fact that it was said, be ready for Thursday.

Now, we don't know exactly, obviously, guys  this has been kept a little bit quiet for us, for a reason. We know that, but I like what I was hearing today about the possibility of numbers tomorrow, Thursday, and us getting started with exchanges by Thursday. I'm hoping that's exactly what it is, and that comes through. I think it's very possible, very possible.

Now, you guys know I've been the I'm not calling it, but I'm telling you what I'm hearing. That's important to realize I'm just giving you what I'm getting and not changing. I'm just putting it out there, because I really think this is some good, good information.

What about Doge payments?  DOGE  payments were to start going out this week over the next two weeks, meaning this week and next week,

I understand they will go what they will be, physical, printed US Treasury checks 4000 to $7,000 sometime between , but let’s call it today, tomorrow, over and over next week as well. So that's something to be looking for through check your  mailbox.

And the other thing is our R and R money be at the redemption center for us that are exchanging and redeeming zim , we should have nice increases in  Social Security for those that are getting it already this month, month of May.

So we're really looking for four different things, 800 numbers, to set our appointments for the RV, at the redemption centers, R and R at the redemption center. DOGE payments in the mail and Social Security increases this month quite a bit.

Now something was picked up, and I don't know if it came from me or not, somebody said that the Zim would only be usable – and exchangeable - Let's use the term exchangeable. Redeemable is the right word  “redeemable”  through the end of this month of May.

Now that was possibly construed or misconstrued from what I said last Thursday about redemption centers are going to be open through the end of May, May 31 of Saturday. Okay, that is true. That's what we've heard. That would be the cutoff date for redemption centers  

Now, after May comes June, if you had zim and for some reason you were not able to redeem it in t/he month of May in a reduction center  Wells Fargo will be able to redeem it at the bank starting in June

I don't know anybody unless they're on a reposition cruise and don't get back till June that wouldn't take their zim in right away and redeem it this month of May. I don't know anybody

Now, if you're on your death bed, or you know you're just in a prolonged hospital visit or something like that, I could see where you might have delayed not be able to exchange or redeem right away this month.

 So please understand that if this person who put that out got it by misunderstanding what I said last Thursday, clarify it to the point where, yes, redemption centers are what we are looking to use, and anything after  the month of May they would use tier one banks specifically Wells Fargo for the zim.

Okay. Rates were not up on screens yet today, but we do expect them to come up very shortly. And certainly, if we're going to be notified as early as tomorrow or Thursday,  we should have the rates there no problem - we have ready to go. That's the one thing we don't have to worry about, is rates. That's for sure.

Now there's one more thing about the contract rate. If you have zim, can you still get the contract rate on dinar, yes, but if they don't offer it to you, you may ask for it.

You say, I understand there is a contract rate on dinar, and if you mention that, they have to offer it to you, this is making the assumption that you have projects you have projects for your zim , and as a result, they would offer you the contract rate on the dinar

Listen, which is incredibly high, but regular screen rate on dinar At the redemption centers is also very high. It's not even half as much as the redemption center rate on the contract rate will be, though, the contract rate will be over twice as much as the spring rate, and the spring rate is very high. So that's encouraging.

Let's see if there's anything else – I would say  DOGE, those in the mailbox, starting in the next couple of days, look for your notification to come by email. Hopefully tomorrow we can set our appointments and start exchanges. I don't know, maybe tomorrow's in play - maybe not. Maybe it's Thursday, but I like the fact that Thursday is China’s number  - Charlie Wards number  the a tremendous number start works Thursday.

It could just very well be happening on Thursday. Could be -- Everything people say, Well, what else is there? A lot of people have said there's nothing else. they're all set, we're ready to go. They are done, you know, we'll see. And of course, I'm really curious.

And of course, I'm really curious as to what this announcement is that President Trump was inferring in this press conference today. I heard it. I went back, paused it went back, listen to it again. Did it again.

Make sure I heard everything that he said about it. He didn't give any real hints. He just said it would be earth shattering and really good for America and America and the people. So I'm excited about it. That's really good news. And so we'll see what that is. We'll see what it is. But it was not relating to trade. That was cool.

We want the numbers to come out like right away. Want to set our appointments. We want to get in, get our exchanges done, and start losing our new lives. So get those out to sue, and don't forget to check the website that Bob has set up our sales.

Obviously, we're in a position where we're praying for people, continuing to lift people up. We're looking forward to having so much good is coming. And we're just we're just ready. I think they are ready for us.

Now. Today's Tuesday night, Thursday, we get numbers. Tomorrow,are we going to have a call? Yes, we would have a celebration call. We get numbers. We will have a celebration call on Thursday at the regular time.

 Okay, so let's pray the call out  Keep an eye on it tomorrow. Let's see what happens. We get it and we'll talk to you Thursday night. Hopefully it'll be all right call. All right, that's you guys. God bless you guys.

Bruce’s Big Call Dinar Intel Tuesday Night 5-6-25 REPLAY LINK   Intel Begins   1:10:30

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 Bruce’s Big Call Dinar Intel Thursday Night 4-24-25 REPLAY LINK   Intel begins   57:07

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Bruce’s Big Call Dinar Intel Tuesday Night 4-29-25 REPLAY LINK   Intel Begins   1:23:43

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Bruce’s Big Call Dinar Intel Tuesday Night 4-22-25 REPLAY LINK   Intel Begins   1:03:55

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Bruce’s Big Call Dinar Intel Friday Morning 4-19-25 REPLAY LINK   INTEL ONLY No Transcription

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Bruce’s Big Call Dinar Intel Thursday Night 4-18-25 RECORDING FAIL

Bruce’s Big Call Dinar Intel Tuesday Night 4-15-25 REPLAY LINK   Intel Begins   1:26:50

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Bruce’s Big Call Dinar Intel Thursday Night 4-10-25 REPLAY LINK   Intel begins   1:21:41

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Bruce’s Big Call Dinar Intel Tuesday Night 4-8-25 REPLAY LINK   Intel Begins   1:09:39

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Bruce’s Big Call Dinar Intel Thursday Night 4-3-25 REPLAY LINK   Intel begins   59:59

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Bruce’s Big Call Dinar Intel Tuesday Night 4-1-25 REPLAY LINK   Intel Begins   1:09:09

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 5-7-25.

Good Afternoon Dinar Recaps,

REP. TORRES TO INTRODUCE BILL BANNING TRUMP, LAWMAKERS FROM CASHING IN ON MEMECOINS AND STABLECOINS

• The bill, called the Stop Presidential Profiteering from Digital Assets Act, would make it unlawful for someone to create, issue or promote a digital asset that “uses the name, likeness, image, or other recognizable traits of a covered individual.”

• Some Democrats have aired major concerns over Trump’s involvement in crypto, which has created tension as they and their Republican counterparts work on legislation to regulate digital assets.

Rep. Ritchie Torres, D-N.Y., plans to introduce legislation that would block President Donald Trump, future presidents, and members of Congress from "profiteering" on memecoins and stablecoins.

The bill, called the Stop Presidential Profiteering from Digital Assets Act, would make it unlawful for someone to create, issue or promote a digital asset that

"uses the name, likeness, image, or other recognizable traits of a covered individual," 

in a message sent by Benny Stanislawski, a spokesman for Rep. Torres, to The Block.

The legislation defines a “covered individual” as a current or former U.S. president, vice president, member of Congress, or any presidentially appointed and Senate-confirmed federal official, along with their immediate family members.

The move comes amid growing criticism among Democrats about Trump’s involvement in crypto, which has created tension as they and their Republican counterparts work on digital asset regulation.

Since late 2024, Trump and his family have embraced digital assets, launching their own memecoins shortly before his 2025 inauguration. His affiliated venture, World Liberty Financial, recently launched its own stablecoin. 

Trump also hosted a crypto-themed fundraiser Monday night for the MAGA Inc. super PAC, and is hosting a gala later this month for the top 220 owners of his memecoin.

On Tuesday, Sen. Richard Blumenthal, D-Conn., sent letters to World Liberty Financial and Fight Fight Fight LLC, the company behind Trump's memecoin, to investigate potential conflicts of interest related to Trump's crypto activities.

Torres has shown support for crypto. In March, he and Republican House Majority Whip Tom Emmer created the "Congressional Crypto Caucus" aimed at advancing bills in Washington. Torres also pushed back on the U.S. Securities and Exchange Commission's approach to regulating crypto last year.

@ Newshounds News™
Source:  The Block

 TRUMP FACES SENATE SUBCOMMITTEE INQUIRY OVER 'CRYPTO CORRUPTION'

Opposition lawmakers continue to criticize the president’s crypto ambitions.

• Democratic Senator Richard Blumenthal has opened an investigation into President Trump's crypto businesses.

• Blumenthal has alleged that the launch of the Trump meme coin is unethical.

• President Trump has a number of digital asset ventures that draw ire from Democrats.

Democratic senator Richard Blumenthal is investigating how President Donald Trump's crypto business ventures are potentially violating federal laws.

U.S. Senator Richard Blumenthal said Tuesday that President Trump's meme coin launch and other crypto industry ventures represent

"an unprecedented, pay-to-play scheme to provide access to the Presidency to the highest bidder."

Blumenthal announced that the Senate Permanent Subcommittee on Investigations would be opening a preliminary inquiry into the launch of the president's cryptocurrency, Official Trump, along with DeFi platform World Liberty Financial and the president's other digital asset interests.

"Chillingly, TRUMP allows, and even invites, anyone in the world, including foreign governments and unscrupulous individuals, to directly enrich the president, while hiding potential payoffs in the pseudonymity of the blockchain," Blumenthal said in his announcement, quoting a letter he wrote to the developer of the Official Trump cryptocurrency, Bill Zanker.

The new commander-in-chief ahead of his January inauguration launched a Solana-based meme coin called Official Trump—which trades as TRUMP—and it quickly soared in value before crashing. It's now down 85% from its peak price.

Democrats have alleged that the new commander in chief has profited from the virtual coin's launch, but the president has denied this and avoided questions on the matter.

The president is also associated with an Ethereum-based decentralized finance project, World Liberty Financial. Trump's sons, Eric and Donald Jr., first announced the project last year, and the then-Republican nominee promoted the project on social media ahead of his election win.

Decrypt in March reported that the president and his associates had pocketed around $390 million in revenue from promoting World Liberty Financial.

In April, President Trump also announced a private dinner later this month at his Washington-area golf club for the top 220 holders of his meme coin, plus a private reception and a White House tour for other investors.

The announcements have drawn ire from Democratic lawmakers, who claim that promoting the meme coin is corrupt. House Democrats walked out of a hearing Tuesday about impending crypto industry legislation, due to complaints over Trump's perceived crypto conflicts.

President Trump campaigned ahead of his November win to help the digital asset industry and received backing from crypto entrepreneurs and Silicon Valley hotshots and members of the "PayPal mafia", including current White House AI and crypto czar David Sacks and Tesla CEO Elon Musk.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

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More News, Rumors and Opinions Wed. Afternoon 5-7-2025

589bull: Iraq is No Longer Hinting

5-7-2025

MORNING UPDATE

Iraq is no longer hinting. Sudani just said the quiet part out loud.

Yesterday, Prime Minister Mohammed Shia al-Sudani held a major meeting with the heads of all Iraqi banks. The takeaway?

“The state will act as a regulator, not a controller.”

That’s your signal.

This is the exact language used by nations preparing for a monetary shift and here’s why it matters:

• Iraq is stepping back from centralized control of the banking sector
• The banking system is now “flexible, modern, and ready,” per Sudani
• First Rafidain Bank is launching with a new vision + foreign partnerships
• The government confirmed it’s absorbing excess IQD and replacing it with domestic production + foreign investment
• Banks are being told to invest, simplify, and prepare for global trust

This isn’t speculation, this is pre-RV protocol in plain sight.

They’re lining up the IMF, World Bank, Basel III, ISO 20022, and private sector cooperation. The only piece left?

What follows is going to be historic.

Source(s):
https://x.com/589bull10000/status/1919704894539268538

https://dinarchronicles.com/2025/05/06/589bull-iraq-is-no-longer-hinting/

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

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

 Mnt Goat  We have previously read many articles on the “New Rafidain” bank and the reforms taking place there. The CBI was working to reform the bank to necessary to global standards and digitization. First why would they do this if not working towards a higher rate when going back to FOREX. If they wanted a 1320 rate, they could have already done it over the last two decades...But this is not the case as Ali Al-Alaq has told us many times already he wants the dinar to go back to its “glory days”.

Militia Man  Article quote:  "The delegation International Monetary Fund stress the importance of strengthening the relationship with foreign correspondent banks in the field of financing foreign trade as well as supporting the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency."  I don't know you guys, some people like to say, 'drop the mic'.  That's powerful and it's impressive.  They're talking specifically about cross border trade, foreign trade, with the Iraqi dinar...

 ************

Gold Legal in FL & Tariffs Slam Businesses | with Meghan Johnson

Lynette Zang:  5-6-2025

Tariffs on shoes imported from Vietnam just surged by 541% and both businesses and consumers are feeling strain. Lynette is joined by her daughter Meghan Johnson to share how these trade wars are impacting her businesses.

But it’s not all bad news: Florida just made gold and silver legal tender, and we’re celebrating that major win in-studio.

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

War on Cash is Here: Giustra Says Global Reset Has Begun, No Bailout in Sight

Daneila Carbone:  5-7-2025

“There’s a mad rush for physical gold... even the U.S. is bringing it back in. It tells you that they’re preparing for something,” warns billionaire philanthropist Frank Giustra in a must-watch video.

 He sits down with Daniela Cambone to discuss how the global financial order is shifting, with gold returning to a central monetary role.

Key Facts:

What are the ramifications of Basel III?

What role will gold play in the new financial order?

 Monetary reset is coming.

Banks to upgrade gold to a Tier 1 asset - what comes next?

Gold remains the constant.

What might a new monetary system look like?

Are we seeing the rise of a bifurcated system?

Spain's power outage scenario is "war on cash"

https://www.youtube.com/watch?v=lXL7R5qXhfM

Coffee with MarkZ, joined by Andy Schectman. 05/07/2025

Coffee with MarkZ, joined by Andy Schectman. 05/07/2025

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 to all you beautiful people!

Member: I saw a post that said a small bank in Georgia or somewhere south  has suspended services from Thurs. 8 May to Mon. 12 May saying customers will then be able to access a new digital platform.

MZ: Lots of banks seem to be getting those messages. Saying the same from the end of April to the end of May. It sure looks like many in the banking world are preparing.  

MZ: I am getting many reports from banks that they are learning to process Dinar, Dong and Indonisia Rupiah…..Internal reports saying “ Hey, we are going to be accepting these currencies” . they don’t tell us the rate….just that they are going to be accepting them. This is step number one in my book.

MZ: They train them on these currencies so they are ready for the revaluation…..imo…This is clear evidence we are moving towards completion.

Member: Got a notification from my Bank yesterday with changes coming soon to online banking..

Member: (From Dinar Guru) Mnt Goat  We have previously read many articles on the “New Rafidain” bank and the reforms taking place there. The CBI was working to reform the bank to necessary to global standards and digitization. First why would they do this if not working towards a higher rate when going back to FOREX. If they wanted a 1320 rate, they could have already done it over the last two decades...But this is not the case as Ali Al-Alaq has told us many times already he wants the dinar to go back to its “glory days”.

Member: Yes……agreed……I love it

Member: I have a friend who has a sizeable amount of Dinar who told me that if he cashed out and had a NDA he would disappear. I have not been able to get hold of him for 10 days, I don't know why.

Member: I delivered to a 5/3 bank in Brookhaven Ga.,i asked if ready for upcoming currency exchanges, she said yes. I asked “fully trained”, looked toward mgrs.door and said not yet…. body language said different

Member: Holly Ciliano: "Iraq is 0-30 days from full forex readiness"

Member: mark, do you see this going this month at all ?

Member: No way I thought a year ago that we would still be here. I hope this all makes sense at some point

Member: I think we are waiting for audits to be done at the Fed, the Treasury and Ft.Knox…then we go

Member: Supposedly a “earth shattering” announcement about to drop this week from DJT!

MZ: Stay calm and don’t read to much into it……no idea what it will be.

Member: Would love to hear him announce the new gold standard and USN notes.

Member: I think Trumps announcement will be something about taxes…wishful thinking?

Member: His announcement may cause EBS then reset

Member: Maybe he is going to revalue the gold held in the US. Lots of articles saying he might.

Member: Trumps announcement may be something about taxes or Nesara/Gesara. I doubt he will announce currency revaluations as that would skip 4B and go right to the public -right?

MZ:  I can see your logic in this…but I am not going to rule out announcing currency changes in the middle east. That would not surprise me. To me- what makes the most sense with the level of negotiations we have seen with the Chinese officials and the US…meetings  in Switzerland today and tomorrow- fits with this timing.

MZ: I am guessing we may get an end to the trade war.

Member: Trump said his news was about something we havent discussed in years. It was good news not bad.

Member: What if, Trump is about to announce a peace deal with Iran, and his trip to the Middle East is to have a deal signing in a neutral country…such as Saudi Arabia? It would still be good for us.

Member: Are your bond contacts still MIA?

MZ: They are getting updates on historic assets-and bonds….There are certain historic art pieces that get settled when bonds get settled….and we have been waiting for this for years, and they have suddenly asked for verifications and change of custody. They are supposed to have a meeting via conference calls today..

MZ: I have a number of sources telling me that. So for me, he may have gotten paid and is not saying anything. He refuses to talk about that part so I am excited.

Member: I hope these asset bonds r the last bonds to go!

Member: There are many reports that Iraqis are turning in their dinar for mastercards that go live tomorrow. Have you heard this?

MZ: None of my sources are hearing this. They cannot figure out where that rumor is originating from. .

Member: Hey chat people what do you think will be in 1st basket and 2nd basket? Thanks for your help

Member: This is old but maybe still valid:  1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly20. India 21. Libya 22. Japan23. Zimbabwe

Member: I like that tomorrow is the 8th and a Thursday…..The 8th has always been a big financial date…..and Charlie Ward thought the RV would happen on a Thursday.

Member:  Hope we all have a fantastic day!  Be blessed everyone.

THANK YOU MARK, ANDY, MODS, AND THE COMMUNITY FAMILY!! SEE YOU TONIGHT AT 7:00 PM EST. FOR ANOTHER GREAT PODCAST!! OR SEE YOU AT 8:00 PM EST. FOR WHISKEY AND WISDOM

Andy Schectman from Miles Franklin joins the stream today. 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=twqSPgURxcg

News, Rumors and Opinions Wednesday 5-7-2025

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. 7 May 2025

Compiled Wed. 7 May 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 6 May 2025 A small bank in Alabama has suspended services from Thurs. 8 May to Mon. 12 May saying customers will then be able to access a new digital platform. …Jordan Clark on X

Tues. 6 May 2025: RESET IN MOTION: THE U.S. DEBT CLOCK JUST REVEALED THE RESET — TRUMP IS HOLDING THE KEYS (AND SIGNING EXECUTIVE ORDERS THEY WON’T TALK ABOUT) – amg-news.com – American Media Group

Tues. 6 May 2025: Trump promises BIG Announcement: https://x.com/ShadowofEzra/status/1919792162268389393

Tues. 6 May 2025 The Big Call Bruce:

A High up source with Wells Fargo said Tier4b (us, the Internet Group) could get 800s sometime between now and Thurs. 8 May 2025 and then immediately begin our appointments.

Another source said something was to occur by tomorrow morning 11 am EST.

A source said that there was going to be a major announcement on Wed. 7 May 2025

On Tues. 6 May 2025 Newsmax reported President Trump saying, “In the next few days there’s going to be an earth shattering announcement that will affect America and it’s people.”

A source said there would be a major announcement on Wed. 7 May “So get ready for Thurs. 8 May 2025” (meaning we could be notified and exchange on Thurs).

Increases in SS payments to go out during May.

Redemption Centers to be open through the end of this month of May.

If you have Zim and were unable to redeem it in May, Wells Fargo will be able to redeem it in June.

If you have Zim and have a project you can still get the Contract Rate on Dinar, but you have to ask for it.

The screen rate is very high on the Dinar.

~~~~~~~~~~~~~~~

Tues. 6 May 2025, A2Z DreamZ:

On Sat. 26 April 2025 Iraq entered into an Article 8 agreement with the IMF, after which they had ten days to fully commit to revaluing the IQD and show the public rate on the Forex.

The banks in Japan and South Korea were closed until Wed. 7 May.

Vietnam has already started their revaluation process on the Dong.

On Mon. 5 May Sudani had a meeting with heads of all banks. The following morning Tues. 6 May at 7 am Baghdad time a text was sent out telling people to bring in their Dinar to the Banks for a higher guaranteed purchasing power rate. This caused traffic jams and lines on the streets to form.

On Tues. 6 May my policeman friend in Baghdad confirmed that the rate that TNT shared was close to what a long time friend shared after he met with his neighbor who went to his bank with a suitcase of Dinar. He came home with a new Mastercard that would be active on the morning of Thurs. 8 May.

Read full post here:  https://dinarchronicles.com/2025/05/07/restored-republic-via-a-gcr-update-as-of-may-7-2025/

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

Frank26  I'm still very encouraged about this year because the new exchange rate can be released at any time.  It's just very convenient at the beginning or the end of a quarter...This is the year to release the new exchange rate.

Militia Man  The background of the country [Iraq] has had a massive amount of corruption. Spreading rumors through media is notorious.  Sadly we have it here in our country as well...It's a reality.  You have to take the time to be able to understand what you own and know who those [bad] actors are.  This has been a long road...We got into this because we believed in our investment.  Revaluations of currencies is a reality.  

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

First 100 Days DRP and IQD Rate News

Edu Matrix:  5-6-2025

We discuss the IQD Revalue Rate. In this video, we also break down how Trump’s first 100 days in office are affecting Iraq. From Trump Iraq policy decisions and foreign aid cuts to falling oil prices in Iraq and rumors of an Iraqi dinar revaluation, the ripple effects are clear.

We’ll explain how Trump’s OPEC conflict is straining Iraq’s oil exports and why Iran’s influence in Iraq through the Popular Mobilization Forces has become a key concern.

Whether you’re following U.S.–Iraq relations, tracking the Iraqi economy in 2025, or curious about Trump’s Middle East policy, this is essential viewing

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

Iraq Economic News And Points To Ponder Wednesday Morning 5-7-25

The National Bank Of Iraq: A Leadership Based On Governance And Transparency

Banks  Economy News – Baghdad  The National Bank of Iraq (NBI) affirmed on Tuesday its commitment to the principles of governance and transparency as a fundamental rule governing its financial transactions, adhering to strict standards. NBI designated what it described as the "most valuable currency" in this vital sector, while pledging continued compliance with legal and regulatory requirements and international standards.

In a statement received by Al-Eqtisad News, the bank stated, "The National Bank of Iraq's commitment to the principles of governance and transparency is one of its most prominent factors in the Iraqi banking sector.

These principles form the fundamental foundation upon which the bank builds its strong relationships with clients, partners, and various stakeholders, and have contributed to enhancing its credibility in all its financial transactions."

He added, "Over the years of its operation in the Iraqi market, the National Bank of Iraq has proven that it is not just a financial institution, but a strategic partner for its clients and a loyal guardian of their savings and financial future."

He expressed his belief that "trust is the most valuable currency in this vital sector, and this commitment is an integrated approach to work that is embodied in the finest details of its operations and services, and bears fruit in the form of quality and distinction, thereby strengthening its leading position in the market."

He explained that "this commitment is clearly demonstrated by the bank's ongoing efforts to ensure that financial operations are managed in accordance with international best practices, setting strict standards to ensure transparency and accountability in all its transactions.

" He explained that "clear examples of this approach include the bank's ISO 9001:2015 certification in the areas of customer care services and bank transfer operations, confirming that the bank implements an integrated quality management system, with a focus on providing an exceptional banking experience for its customers, based on efficiency, reliability, and attention to the smallest details."

He explained that "the bank's commitment to quality and continuous improvement did not come out of nowhere, but rather is the result of a strategic vision that places the customer at the heart of its concerns. Implementing ISO 9001:2015 standards has had a positive impact on the smoothness of internal operations, contributed to raising efficiency and effectiveness, reducing errors, and lowering operating costs.

Most importantly, it has strengthened the bank's ability to comply with legal and regulatory requirements, and opened up broader horizons for cooperation and partnership with global financial institutions, benefiting from international recognition of its quality and reliability."

He continued, "In the context of this relentless pursuit of excellence, the bank's efforts culminated in receiving the 'Excellence Award' from Citi Bank, in recognition of its superior performance in managing incoming and outgoing financial transfers. This clearly reflects its proficiency in implementing precise and organized procedures that ensure full compliance with international standards in the execution of financial transactions."

He continued, "The National Bank of Iraq's continued focus on the principles of good governance and transparency as an integral part of its long-term strategy is supported by the development of its internal systems and the adoption of the latest technologies in the financial sector to enhance the levels of security, speed, and reliability of its banking services."

The bank reiterated its "commitment to providing innovative banking services that meet the changing needs of its customers and enhance their confidence by offering integrated financial solutions that support individuals and businesses alike, while adhering to global best practices."

The bank affirmed its "goal to be the first choice for all customers seeking trust, reliability, and excellence in banking services."     https://economy-news.net/content.php?id=55173

Globally, Oil Prices Rise To Exceed $62 Per Barrel.

economy | 04:32 - 06/05/2025  Mawazine News – Baghdad  Oil prices rose Tuesday evening, exceeding $62 a barrel.  Brent crude reached $62.05 a barrel by 4:15 Baghdad time, having closed at $60.23 the previous day.  US crude reached $59.24 a barrel, having closed at $57.13 the previous day. https://www.mawazin.net/Details.aspx?jimare=261170

Gold Hits Two-Week High On Safe-Haven Demand

Tuesday, May 6, 2025 08:54 | Economic Number of reads: 212  Baghdad/ NINA / Gold prices rose to their highest level in two weeks on Tuesday, as concerns over US tariff plans boosted demand for the safe-haven metal, while investors also awaited the upcoming Federal Reserve meeting.

Spot gold rose 1.4 percent to $3,380.92 an ounce, after hitting its highest level since April 22 earlier in the session.

US gold futures rose 2 percent to $3,389.90.

All eyes will be on the Federal Reserve's interest rate decision and Chairman Jerome Powell's remarks tomorrow for clues on the path of interest rates.

The US Federal Reserve has kept interest rates in a range of 4.25% to 4.50% since last December.

As for other precious metals, silver rose in spot transactions by 1.5% to $32.99 an ounce, platinum rose by 1.3% to $971.24, and palladium rose by 0.5% to $945.75. /End https://ninanews.com/Website/News/Details?key=1225002

Economy | 06/05/2025  Mawazine News - Baghdad -  The US dollar exchange rate recorded a new decline in the markets of the capital, Baghdad, with the closing of the stock exchange this evening, Tuesday. 

The dollar price decreased with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 143,800 dinars for $100, after it had recorded 144,000 dinars for $100 this morning.

The selling prices in exchange offices in the local markets in Baghdad also decreased, as the selling price reached 144,750 Iraqi dinars for $100, while the buying price reached 142,750 dinars for $100. https://www.mawazin.net/Details.aspx?jimare=261171

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 5-7-25

Good Morning Dinar Recaps,

HOW DO TRUMP TARIFFS IMPACT THE FED INTEREST RATE DECISION TODAY?

The Federal Reserve is expected to keep interest rates steady this week, with a 95% chance of no changes, as it adopts a cautious “wait and see” approach.

Despite a slow economy in Q1, inflation remains slightly above the 2% target, while unemployment stays low, giving the Fed more time to assess market conditions. The FED interest rate decision is crucial, as the Trump tariffs and ongoing US-China trade talks could influence future actions.

Trump Tariffs and Trade Optimism

The latest Trump tariffs and trade discussions between the US and China are bringing renewed optimism to the market. Credit Suisse analyst Ipek Ozkardeskaya notes that improving trade relations could boost risk assets and revive investor confidence in the US dollar. While the dollar didn’t surge during the peak of the tariff war, a shift in sentiment could drive its near-term performance.

FED to Stay in “Wait and See” Mode

The Federal Reserve remains focused on data, with many expecting no immediate rate cuts. As the Fed weighs Trump’s tariffs and a $4 trillion budget plan, it will likely hold off on making any drastic decisions. Although inflation is still above 2%, the FED interest rate decision will depend on the ongoing trade talks and economic trends.

Dollar Could Rebound Amid Trade Optimism

Trade optimism surrounding Trump tariffs and negotiations could potentially lift the dollar, shifting from a safe-haven narrative to broader confidence. Ozkardeskaya believes that this shift could reignite demand for the US dollar, marking a key development as the FED interest rate decision looms.

FED Interest Rate Decision

With little indication of drastic shifts in the economy, Fed Chair Jerome Powell is expected to keep messaging minimal, even as President Trump pushes for rate cuts. Analysts predict that the Fed may only cut rates if the labor market weakens significantly.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

ETHEREUM’S ‘PECTRA’ NETWORK UPGRADE GOES LIVE: WHAT TO EXPECT

Ethereum developers have activated the network's Pectra upgrade, bringing smart accounts, higher staking limits and improved scalability through key EIPs.

Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean?

Pectra went live on the Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251, and EIP-7691.

EIP-7702 allows externally owned accounts to act as smart contracts and cover gas expenses (transaction fees) and payments in tokens that are not Ether.

EIP-7251 increases the validator staking limit from 32 ETH to 2,048 ETH, simplifying operations for large stakers.

EIP-7691 increases the number of data blobs per block, allowing for better layer-2 scalability and potentially significantly reduced transaction fees.

Sergej Kunz, co-founder of Ethereum DEX aggregator 1inch, said Pectra “introduces ‘smart account’ functionality” at deeper protocol levels and “improves Ethereum’s scalability” through layer-2 solutions.

0xAw, lead developer at Base Ethereum layer-2 DEX Alien.Base, told Cointelegraph that EIP‑7702 is a “potentially great addition for Ethereum.” He said that account abstraction has struggled due to wallet switching requirements.

The positives of adopting this include:

• Getting rid of approval flows

• Not having to sign each transaction

• Segregated permissions and actions

• Automations on behalf of the user

“It enables a Web2-like UX by hiding many of the underlying scaffolding from users,” 0xAw added.

Kunz said the update will pave the way for native gasless transactions and simplified user flows.
Ivo Georgiev, CEO of smart wallet Ambire, noted:

• “No more infinite ERC-20 approvals”

• “Users won’t need native currency like ETH to pay gas fees”

He added:
“Following this, the UX will be reworked completely… wallets give more limited abilities to apps, increasing overall security — for example, no wallet popup every time you interact with OpenSea.”

Still, not without risks.
0xAw cautioned: “Users have one more dangerous thing they could sign, which would be even more damaging than an approval to wallet drainers.”

Mike Tiutin, CTO of PureFi, warned:
“Drainers proved that users will sign ‘harmless’ messages in cloned DApps. EIP-7702 expands that trick from one token to the whole wallet.”

Georgiev remains optimistic, saying:
“Confident there will not be a tangible increase in risk... the industry knows how to create a secure contract, especially with such a minimal scope as an EIP-7702 delegation.”

Easier Institutional Staking

Artemiy Parshakov, VP of institutions at P2P.org, said:
“EIP-7002 makes institutional staking much easier to integrate without taking too much risk.”

Before Pectra:

• Stakers needed a signed message from their provider to exit

• Couldn’t exit without provider participation

• Had to wait ~13 hours to generate exit message

Now with Pectra:

• Exit delay reduced to ~13 minutes

Supply Validator Deposits Onchain

EIP-6110 enables the execution-layer block to carry validator deposit data to the consensus layer.
Previously:

• Consensus clients waited for Merkle root votes from block proposers
  Now:

• Execution layer directly includes new verifier deposits

This upgrade affects the deep Ethereum consensus layer and follows bugs on Holesky and Sepolia testnets.

Parshakov concluded:
“Our biggest concerns are client bugs, but we trust the Ethereum Foundation and client teams are working to prevent issues on mainnet.”

@ Newshounds News™
Source:  CoinTelegraph

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