Some “ Iraq News” posted by Clare at KTFA 5-8-2025

KTFA:

Clare:  Al-Sudani arrives in Ankara and considers the "Development Road" project an economic approach to confronting crises.

5/8/2025

Prime Minister Mohammed Shia al-Sudani arrived in the Turkish capital, Ankara, on Thursday morning for an official visit, according to a brief statement issued by his media office.

Before heading to Ankara, Al-Sudani wrote a newspaper article in which he described the "Development Road Project," which Iraq has begun constructing to transport goods from the Gulf via Turkey to Europe, as a move toward an economic approach to addressing crises.

In his article, the Prime Minister said, "Iraq calls for adopting an integrated economic approach that addresses development disparities and enhances collective capacity to confront food, energy, and supply chain crises."

He added, "The Development Road project, which is nearing completion, is a practical model for this approach and can serve as a foundation for genuine Arab partnerships."

Al-Sudani continued, "Today, we are not only rebuilding Iraq, but we are also participating in reshaping the Middle East through a balanced foreign policy, informed leadership, development initiatives, and strategic partnerships."

Al-Sudani's visit to Ankara came to participate in the meetings of the Iraqi-Turkish Supreme Council for Strategic Cooperation.

Fahrettin Altun, the head of the Turkish Presidency's Communications Department, confirmed in a post on Twitter on Wednesday that Al-Sudani will make an official visit to Turkey accompanied by a high-level delegation and will meet with President Erdogan at the presidential complex in the capital, Ankara.

The Turkish official added that Turkish-Iraqi relations and current regional and international developments will be discussed, in addition to holding a high-level Strategic Cooperation Council meeting between the two countries.

Alton stated that documents aimed at strengthening cooperation in various fields between the two countries are expected to be signed during Al-Sudani's visit, predicting that Al-Sudani's visit will strengthen the already strong Turkish-Iraqi relations in many areas.

On Tuesday, Mukhtar al-Moussawi, a member of the Iraqi parliament's Foreign Relations Committee, revealed to Shafaq News Agency that al-Sudani will visit Türkiye this week and will discuss security, economic, and water issues in Ankara.

The Iraqi embassy in Ankara announced last Monday the arrival of an official Iraqi delegation in preparation for the signing of bilateral memoranda of understanding.

Iraqi Ambassador to Ankara, Majid al-Lajmawi, stated that Iraqi Prime Minister Mohammed Shia al-Sudani's upcoming visit to Turkey will include discussions on several issues, including development, energy, and trade.

Turkish Transport Minister Abdulkadir Uraloğlu previously announced that Iraqi Prime Minister Mohammed Shia al-Sudani will visit Türkiye in the coming days, while Turkish President Recep Tayyip Erdoğan will visit Iraq during the first half of this year.   LINK

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Prime Minister Mohammed Shia al-Sudani affirmed on Thursday that Baghdad is hosting the Arab Summit at an exceptional moment for the region, calling for responsible Arab discourse and economic integration to confront challenges.

In his speech at the opening of the Arab Summit in Baghdad, Al-Sudani said, "The Arab Summit in Baghdad comes in a transformative context. It is a moment when the Iraqi national will converges with the general Arab hope to overcome differences and move towards building an effective and comprehensive Arab cooperation system."

He added, "Today we need a responsible Arab discourse based on political realism and a belief that solidarity does not mean conformity, but rather respect for particularities within a common goal and destiny."

Al-Sudani pointed out that "Iraq believes that strengthening Arab action begins with strengthening relations between Arab capitals from the Gulf to the Atlantic, based on mutual respect and non-interference in internal affairs."

He warned that "the challenges we face—from repeated Israeli aggression on Gaza, the West Bank, Lebanon, and Syria, to internal divisions in some Arab countries, to regional and international interventions—threaten not only the security of these peoples but also our collective will as a nation. "
He called for "the launch of a unified Arab initiative that goes beyond the humanitarian dimension to support the building of a national state based on the constitution, dignity, and diversity," stressing the importance of "having a comprehensive Arab development strategy."

Al-Sudani called for "the adoption of an integrated economic approach that addresses development disparities and enhances collective capacity to confront food, energy, and supply chain crises," noting that "the Development Road project, which is nearing completion, is a practical model for this approach and can serve as a pillar for genuine Arab partnerships."

He emphasized that "Arab national security is indivisible and cannot be achieved without effective cooperation, balanced policies, and strong institutions that protect the supreme interests of the nation."

Al-Sudani concluded his speech by saying: "From Baghdad, we address an appeal to all Arab capitals: It is time to start anew, on new ground, with a new methodology, and a new will."  LINK

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Clare: Al-Sudani: Baghdad is hosting the Arab Summit at an exceptional moment for the region.

LINK

Clare:  The Central Bank's trilogy curbs the parallel market. The dollar drops to a historic low for the first time since 2022.

5/8/2025 - Baghdad

The Iraqi dinar has seen a significant improvement in its value against the US dollar in Iraqi markets over the past few weeks, with the hard currency declining for the first time since 2022, reaching 141,000 per $100.

Before Ramadan, the dollar exchange rate hovered around 150,000 dinars per $100. During Ramadan, the dollar exchange rate remained relatively stable at around 147,000 to 149,000 dinars per $100. However, with the beginning of April, coinciding with Trump's announcement of a tariff war, the dollar exchange rate in Iraq declined rapidly, reaching 142,000 dinars per $100 today.

This improvement was driven by a package of monetary and regulatory policies that succeeded in reducing demand for foreign currency through informal channels.

In this context, the Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, identified three main factors that contributed to curbing the parallel market and strengthening the dinar.

In an interview with Al-Eqtisad News, Saleh said that the Central Bank of Iraq has succeeded in meeting the dollar needs of major traders by strengthening national banks' reserves with their foreign correspondents, which are highly rated (AAA) banks, and by beginning to use alternative currencies such as the Emirati dirham, the euro, and the Chinese yuan in banking operations, especially with Iraq's main trading partners such as Turkey, the UAE, and China. This approach has contributed to accelerating remittances and reducing reliance on the parallel market.

Small businesses accounted for approximately 60% of private sector trade in Iraq. Supported by new government measures, this category of traders was facilitated to access dollars directly through Iraqi banks, eliminating the need for expensive intermediaries. This contributed to absorbing a significant portion of the parallel demand for dollars.

Saleh noted that travelers are now able to obtain dollars at the official exchange rate (1,320 dinars per dollar) using electronic payment cards, in addition to the ability to obtain $3,000 in cash per month through official airport outlets, significantly reducing their reliance on the black market.

Saleh emphasized that several supporting factors also contributed to reducing pressure on the dollar in the parallel market, including stricter legal procedures for dealing in dollars outside the banking system. This prompted individuals to avoid the legal risks associated with the black market and turn to gold as a savings instrument, due to global dollar fluctuations and concerns about the future of paper currency.

Al-Sudani's advisor pointed to the increasing demand for government bonds with attractive semi-annual returns, which have become a reliable tool for preserving value, away from speculation in the foreign exchange market. He also emphasized the success of hypermarkets in stabilizing the prices of basic commodities, which has weakened the impact of the parallel market on citizens' livelihoods and contributed to overall economic stability.

Concluding his remarks, the Prime Minister's advisor noted that demand for gold has reached a historic peak, driven by growing concerns among Iraqis about the possibility of the US Federal Reserve canceling or reducing some paper dollar denominations in the future. This has prompted citizens to diversify their savings away from the US currency.

In addition, economic expert Manar Al-Abidi identified a number of other reasons that led to the decline in the dollar's price locally.

Al-Obaidi told Al-Eqtisad News that the primary reason for the dollar's decline is a decline in demand on the parallel market, coupled with a significant increase in the supply of hard currency, both from domestic and foreign sources. He explained that this new balance has helped narrow the gap that has long separated the official exchange rate from the parallel market rate.

Among the notable changes, Al-Obaidi points to the declining confidence of many local investors in the dollar as a savings instrument, due to expectations of a decline in its value against gold. This trend has prompted a large segment of citizens to exchange dollars and purchase gold, increasing the dollar money supply in the local market.

In contrast, other sources have contributed to the increase in dollar supply, most notably remittances and foreign investments, particularly those related to international companies operating in Iraq. According to Al-Obaidi, these inflows are no longer solely linked to oil revenues, but rather come from additional channels that have helped ease pressure on foreign currency.

In a remarkable monetary measure, the Central Bank of Iraq (CBI) reduced the dinar money supply by more than 6 trillion dinars over the past six months, declining from 104 trillion to approximately 98 trillion dinars. This contraction helped raise the relative value of the dinar against the dollar, placing additional pressure on the parallel market.

Regarding trade, despite a 6% increase in imports from China, Iraq's imports from major countries such as India, Turkey, and the United States saw a significant decline. Upcoming figures are also expected to reveal a decline in imports from the UAE, which accounts for 30% of Iraq's total imports. This reflects a decline in overall demand for the dollar due to the contraction in trade activity.

Al-Abidi also points to the expansion of channels for accessing dollars at the official exchange rate, through bank cards, official money transfers, and direct transfers, which has prompted many merchants and individuals to move away from the black market.

In addition, regional conditions played a significant role in easing pressure on the dollar. The deteriorating economic situation in Iran led to a decline in demand for goods imported from Iraq, which were re-exported there. The cessation of trade with Syria also contributed to the decline in import demand.

Al-Obaidi also points to a decline in the trade in smuggled oil and prohibited goods, which used to rely heavily on dollar-denominated transactions on the parallel market. These activities have recently been curtailed through strict security and banking measures.

Al-Abidi believes that the continuation of these trends could push the dollar to levels close to 1,395 dinars in the coming period, barring any sudden developments in monetary policy or regional balances. LINK

Gold Can be Used to Rebalance the Global Economy Without a World War

Luke Gromen: Gold Can be Used to Rebalance the Global Economy Without a World War

Palisades Gold Radio:  5-8-2025

Tom welcomes back Luke Gromen of Forest For The Trees back to the show. The discussion delves into complex economic and geopolitical dynamics, focusing on how global powers might navigate a transition away from the dollar-based system towards a neutral reserve asset like gold.

He begins by highlighting that the current dollar-centric system is unsustainable due to high deficits and debt levels. A potential solution, he suggests, involves using gold as a neutral reserve asset, which would allow commodities to be priced in multiple currencies and facilitate trade settlements.

This shift could create a more balanced and resilient global economic framework.

Moving on to geopolitical implications, Gromen notes that the conflict in Ukraine has underscored the limitations of conventional military strategies, shifting the balance of power dynamics. He points out that countries like Russia and China are driving efforts to move away from the dollar system, which necessitates a new economic framework.

This transition is not just an economic shift but also a significant geopolitical realignment. Luke emphasizes the importance of incentives for avoiding direct military confrontation with major powers.

He explains that such conflicts are strategically unwise due to nuclear deterrence and the deep interdependence of economies. Instead, he argues that negotiating a new economic order aligns with long-term strategic interests and avoids the catastrophic consequences of war.

 Drawing on historical context, Mr. Gromen observes that the post-World War II debt-based economy is nearing its limits, making it imperative to return to a more sustainable model.

He suggests that transitioning to gold as a reserve asset could reboot global economies, fostering stability and growth without resorting to conflict.

This approach not only addresses current economic challenges but also positions nations for future prosperity.

Time Stamp References:

0:00 - Introduction

0:55 - Tariffs & China's Response

 5:52 - Trade Disruption & Inflation

 8:26 - Inflation & Real Rates

10:35 - Bessent Put & Move Index

12:26 - Treasury Auction Thoughts

16:45 - W. Buffett Cash Reserve

22:14 - Inv. Funds and Mandates

23:53 - News Cycle/Gold Theory

31:00 - Chinese Fin. Officials

 34:46 - Large U.S. Gold Imports

40:48 - Official Denial/Confirm

44:44 - Revaluing Gold Reserves

48:28 - Gold Backed Treasuries?

51:49 - Gold Pricing Cui Bono

54:17 - Oil/Dollar Scenarios

1:02:03 - Russia/Saudi & Oil Mkts.

1:03:39 - Economics & Derisk. Conflict

1:14:53 - Incentives & Ukraine

1:17:17 - End of Debt as Assets Era

1:21:30 - Wrap Up

https://www.youtube.com/watch?v=VIi-pSLBFhI

“Bits and Pieces” in Dinarland Thursday 5-8-2025

Robinhood Just Bought Bitstamp for $200 Million

589bull:  5-8-2025

ROBINHOOD JUST BOUGHT BITSTAMP FOR $200M.

Bitstamp is RippleNet royalty.
One of the oldest, most compliant exchanges on Earth.
Deep ODL integration.
XRP liquidity hub.
Licenses in 50+ jurisdictions.

And they sold for $200M?
Yeah… nah. That’s strategic positioning, not price discovery.

Bitstamp gives Robinhood:
• Global rails
• Institutional client access
• Staking & lending backend
• XRP corridors already operational

That’s a reset utility node acquisition.

Robinhood isn’t the real player here. Look deeper.

You’re watching a handoff:
Regulators.
Treasury-friendly players.
Backdoor access to Ripple corridors.

This wasn’t a buyout. It was a chess move.

Ask yourself this:
If Bitstamp’s so critical to XRP flow… Why would they sell now?

Simple:   The reset is coming online.

 Control over the pipes matters more than control over the coins.

You don’t need to own XRP to control XRP. Own the rails. Own the exchanges. Own the gateways.

Robinhood just became a gatekeeper. And they got it for pennies. You’re watching financial infrastructure consolidate.

They just bought the bridge. And now they’re tolling it.

Source(s):
https://x.com/589bull10000/status/1920160624979415310

https://dinarchronicles.com/2025/05/08/589bull-robinhood-just-bought-bitstamp-for-200-million/

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

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

Militia Man  It's not the central bank's job to tell you when a revaluation is going to happen.  They're  not going to tell you what rate it's going to be.  There could be indicators...Let them do what they do.  The cool part is we can  see they are moving towards a digitalization of the government, borders and what they talked about launching, a digital dinar.  And  we have the IMF talking about them using dinar in foreign transfers.  Let that sink in. 

 Frank26   Article:  "Trump teases 'very, very big announcement' ahead of Middle East trip, Carney says he's 'on edge of my seat'" This announcement may be related to the Iraqi dinar...Now he may go to Baghdad.  This is seriously swelling up for a reason, a purpose.  Let's see what it turns out to be.  Let's see what his announcement is...It's either about Iran or Iraq.  That's what's on his mind, to play fair with the American currency...It's either Iraq or Iran and you know something? ...I'll take either one!

Mnt Goat   When the new rate for the Iraq dinar is reinstated on FOREX it will happen to the entire world all at once no matter what time zone...There will be no insider trading. When FOREX opens it opens...There are no such “tiers” for exchanging nor “redemption” centers...We We will be conducting a simple currency exchange at the bank.

CENTRAL BANK COLLAPSE IMMINENT!  Rafi Farber's MUST-SEE 2025 Gold & Silver Price PREDICTION!

5-7-2025

When is the next silver squeeze going to happen? What will happen to the silver price? Is central bank collapse imminent? Rafi Farber joins us to discuss gold & silver prices that are set to skyrocket!

https://www.youtube.com/watch?v=VTeqPY7XSLs

Bail-In Risk Rises as Shadow Banks Hit 49% of Global Assets

Taylor Kenny:  5-8-2025

Shadow banking, hedge funds, and extreme leverage—a $250 trillion risk hiding outside traditional regulation. Taylor Kenney exposes how unaccountable private equity firms are gambling with your savings, and what happens when these hidden risks come crashing down. Discover why the next financial crisis may already be unfolding in the shadows.

 https://www.youtube.com/watch?v=nAeX8Wv_4WU

Thursday Coffee with MarkZ. 05/08/2025

Thursday Coffee with MarkZ. 05/08/2025

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 all….Many RV Blessings to everyone

Member: Maybe today’s announcement  from Trump will set the stage for the big reveal?

Member: I heard the announcement was a trade deal with the UK.

Member: What are you hearing today Mark?????

MZ: Maybe the Trade deal with the UK is just one of the announcements. Guess we will see.

Member: Trump and team are doing a tour of the middle east next week…..That may be good news for us.

Member: Baghdad has set May 17 as start of Arab Conference

Member: Trump said it’s something we’ve not discussed for years

​​Member: The BIG ANNOUNCEMENT may be going to be to announce the external revenue service???

Member: I think announcement is going to a Gold standard. He said the big announcement will be “earth shattering”

Member: Trump said "you've been waiting for this for years"?? So imo, not just a trade deal

Member: Genius act will be the big announcement IMO. Stablecoin framework. That’s the foundation for all the trade deals, cross border settlements in local currencies and on and on

Member: Does Trump Give the Green Light for The RV? If not- I wonder who does?

Member: Did anyone see Mike B update from wolverine? This am was very positive & very near

Member: Charlie Ward once said , that the fiat dollar had to crash before the currency reset ??

Member: Hi Mark, any news from Reno? my platform saying Reno to start next week, do you agree?

MZ: I know that some bond facilitators have been paid…..some I know personally. But they did not get all of their dollars…yet. Bond people are taking a lot longer than we expected. Seems we get a spurt of payouts…then maybe a little clean up…then another spurt…then maybe more clean ups? Just a guess.

MZ: I do have some contacts from the Indian Nations that are saying they have some things they need to complete today and they expect to move forward within the week. I have one who is expecting them to move forward today with funding of the Indian Nations.

MZ: This is tier 3 stuff and if we get these confirmations- we can throw a party. This is the first time I have heard this from the Indian Nations

Member: this is from a while ago….Guess its still valid?  There are 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, Historic Bonds, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.

MZ:  In Iraq: “Iraqi bank identifies the most expensive currency that guarantees market leadership”  This is a feel good piece that says to have faith and trust in the system in Iraq.

MZ: “ The Dinar recovers its health- Dollar decline in Iraq due to local measures” The dinar value is climbing and the US dollar value is falling. They need to stabilize the dinar so they can increase its rate.

Member: Like the word “close”, I’m tired of hearing “in the coming weeks”, “the next several weeks”. Say nothing and just do it.

MZ: “The Central Bank reins in the parallel market. Historic decline of the dollar since 2022” This is a victory lap with all the changes they have made. They are stabilizing their currency and increasing its value.

MZ:  Really good articles out since yesterday

MZ: Video out From ITM Trading:  “US Basel 3 deadline approaches as Central banks brace for Gold Reset”  I thought this one was a great one for Andy to talk about.

MZ: Every segment of the market is talking about the impending “gold reset”

MZ: “ A currency market avalanche is heading for the US dollar and the tremors started this week” Andy told us this would happen. That all the US dollars our there would suddenly start rushing back.

MZ: “IRS loses nearly 1 in 3 tax auditors in DOGE cuts -Watchdog reports “  They are already reassigning some of these auditors for immigration and human trafficking .So instead of harassing the middle and lower class…they will be going after bad guys.

Member: Mark…what if this whole deal comes to fruition this weekend … will you pop in?

Member: Mark always said that no matter the time or day…..he would let us know

Member: Safe travels Mark and congratulations Lucie on your graduation!1

Member: See everyone Saturday Morning

Mod: FRIDAY IT'S LUCIE'S GRAUATION! CONGRADS TO HER! MARK WILL BE SPENDING TIME WITH FAMILY! NO 10:00 AM FRIDAY MORNING PODCAST! AS YOU ALL KNOW BY NOW, NO FRIDAY NIGHT PODCAST! MARK PLANS A SAT. PODCAST.

Mod:  NO PODCAST TONIGHT!

Mod:  BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverOnDAUGHTERSRRADUATION.Com SERIOUSLY, MARK NEEDS A LITTLE TIME FOR HIMSELF AND THE FAMILY. THANK YOU!

StacieZ joins the stream today. Please listen to the replay for here information.

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

Mod: FRIDAY IT'S LUCIE'S GRAUATION! CONGRADS TO HER! MARK WILL BE SPENDING TIME WITH FAMILY! NO 10:00 AM FRIDAY MORNING PODCAST! AS YOU ALL KNOW BY NOW, NO FRIDAY NIGHT PODCAST! MARK PLANS A SAT. PODCAST. NO PODCAST TONIGHT!

Youtube:     https://www.youtube.com/watch?v=H2b4BxiGc34

News, Rumors and Opinions Thursday 5-8-2025

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 Thurs. 8 May 2025

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

Increases in SS payments to (allegedly) go out during May. Redemption Centers to be (allegedly) 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.

Tues. 6 May 2025, A2Z DreamZ: Vietnam has (allegedly) 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(allegedly)  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 a neighbor went to his bank with a suitcase of Dinar. He (allegedly) came home with a new Mastercard that would be active on the morning of Thurs. 8 May.

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

Global Currency Reset:

Wed. 7 May 2025 Gold Signaling a Financial Reset is Upon us: https://dinarrecaps.com/our-blog/gold-is-signaling-a-financial-reset-is-upon-us

Wed. 7 May 2025: Iraqi Dinar to $6.9 +? Final Revaluation Window Leaked by Bank Insider! Forex News Iraqi Dinar – YouTube

Wed. 7 May 2025: Forex on Fire: Dinar Stuns at $4.04, Dong Surges to $2.06 – A New Era Begins! Iraqi Dinar

Wed. 7 May 2025: Vietnam Dong BREAKOUT Begins! VND Exchange Rate Surging Fast in 2025 – Revaluation Imminent?

Wed. 7 May 2025: Wells Fargo Confirms Revaluation: IQD and VND Set to Soar – Massive Win for Investors – Iraqi Dinar

Wed. 7 May 2025: Dinar & Dong Holders: Get Ready for the May 7th Currency Shift! Iraqi dinar news today 2025

Wed. 7 May 2025: Vietnamese Dong SHOCKS the World Overnight! | Massive VND Revaluation Explained

Read full post here:  https://dinarchronicles.com/2025/05/08/restored-republic-via-a-gcr-update-as-of-may-8-2025/

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

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

Frank26  We have learned once again that Alaq has admitted from last year that they are lifting the value from the currency by removing the zeros from their exchange rate.  He admitted it to the citizens and to the world that they are lifting the 3-zeros and adding purchasing power to the currency.  Will it be this year or next year?  I believe it will be this year...I  don't know...but it is now a fact of Iraq's life that they are lifting the 3-zeros from their exchange rate to add value to their  currency.  

Fnu Lnu  They have one shot to pull this off and I assure you they will not squander it...We will have an RV but the entirety of the geo-political world are in a tizzy and it is not going to get better for a while. If Trump is as  smart as people believe him to be, he will successfully rearrange the global markets and pull a reset almost unimaginable. It's about time someone had the huevos to do what has been needing to be done for most of my rather long life.  

Fed Is Missing the Recession – Massive Policy Error Ahead | Danielle DiMartino Booth

Kitco News:  5-7-2025

The Federal Reserve held rates steady at 4.25%–4.50%, but Chair Jerome Powell admitted he doesn't know which threat will hit harder — rising inflation or surging unemployment.

Danielle DiMartino Booth, CEO of QI Research and former Fed advisor, joins Jeremy Szafron to break down why she believes the Fed is missing clear signs of recession and a credit crunch already hitting Main Street.

In this high-impact post-FOMC interview, DiMartino Booth warns that bankruptcies are accelerating, job losses are looming, and the Fed is too reliant on lagging data.

 She also responds to speculation about the Fed buying Treasuries and unpacks how China’s massive stimulus package may complicate U.S. monetary policy.

Key Topics:

-Powell’s admission the Fed is flying blind

 -Why the soft data says recession is already here

-Surge in corporate and household bankruptcies

 -Breakdown of the Fed’s balance sheet runoff and Treasury buying rumors

-China’s new $130B stimulus: What it signals and how it could spill into U.S. markets

 -The real risks of a policy mistake if the Fed waits until Q3 to cut

https://www.youtube.com/watch?v=E381EpOKmes

Iraq Economic News And Points To Ponder Thursday Morning 5-8-25

The Dinar Is Recovering. The Dollar's Value In Iraq Has Fallen Due To Local Measures.
 
Information/Report...Over the past few days,  Iraqi markets have witnessed a significant decline in the dollar exchange rate against the dinar,  following months of fluctuations and price increases that sparked public concerns and market turmoil.
 
Exchange offices and the local stock exchange in most Iraqi governorates recorded a decline in the dollar exchange rate against the Iraqi dinar on Tuesday, part of a slight and gradual decline that has been ongoing for days.

In the final hours of the closing hours, the exchange rate for $100 reached 143,000 dinars, a difference of 11,000 dinars from the official exchange rate adopted by the Central Bank of Iraq, which is 1,320 dinars to the dollar.
 
The sudden decline has raised questions about its true causes and whether it represents the beginning of monetary stability or merely a temporary decline.
 
Experts believe the reasons are primarily local,  not the result of regional or global developments.
 
In this context, economic expert Abdul Rahman Al-Mashhadani told Al-Maalouma,
 
"Geopolitical conditions, such as tensions between India and Pakistan, typically increase demand for the dollar,
 
but what happened in Iraq clearly indicates that  internal factors are the primary driver of the price decline."  

Al-Mashhadani explained that one of the most prominent of these factors was the
Central Bank's previous decision to regulate the sale and purchase of real estate,
 
which reduced the use of the dollar in real estate transactions, thus easing pressure on foreign currency.

 He also pointed out that   the expansion of banks authorized to process foreign transfers and
the adoption of a balance-enhancing mechanism led to  significant dollar sales exceeding $300 million per day in previous periods.
 
However, much of this money was not used to import goods, but rather remained in external accounts, known as "return," which does not reflect real demand within the market.  

Al-Mashhadani pointed out that  the new Central Bank administration has adopted a more open policy to
 
     regulate the market and
     tightened controls on transfers and currency smuggling, which has contributed to
     strengthening confidence and
     raising the level of foreign exchange reserves.
 
Despite this improvement, observers caution against considering the dollar's decline as an indicator of permanent stability,  especially given the ongoing political and economic challenges and the market's reliance on imports.
 
Any decline in oil revenues or foreign currency inflows is a source of concern.
 
Experts emphasize that sustaining the dollar's decline requires
 
     continuing economic and monetary reforms,
     strengthening the role of the banking sector,
     regulating the parallel market, and
     supporting local production to reduce reliance on the dollar. End / 25s      
https://almaalomah.me/news/98057/economy/الدينار-يستعيد-عافيته-تراجع-سعر-الدولار-في-العراق-بفعل-إجراء   

 
The Dollar Continues To Fall In Iraq. Is The Market Approaching The Official Rate?

Today's Economy , 15:20 | 2691  Baghdad Today – Baghdad  Financial and economic expert Alaa Al-Fahd predicted on Wednesday (May 7, 2025) that  the dollar exchange rate will continue to decline in the Iraqi market over the coming period, noting that
 
the gap between the official price and the parallel market price is close to disappearing. Al-Fahd told Baghdad Today,
 
"The Central Bank of Iraq has taken a series of measures in cooperation with banks,  most notably direct financing of commercial transactions,

which has contributed to narrowing the gap between the official rate and the parallel market rate."

 He added, "The Central Bank's continued coverage of foreign trade and regular dollar sales to banks 
will push the parallel market exchange rate further downward, and we may soon see it reach the official rate."

The local market has witnessed fluctuations in the dollar exchange rate against the dinar over the past few months,
 
with the parallel market rate rising significantly compared to the official rate approved by the Central Bank of Iraq, which is 1,320 dinars per dollar.
 
The reasons for this discrepancy are
 
     restrictions on foreign transfers,
     declining confidence in some banking channels, and
     external influences related to sanctions policies and controls on dollar movement.
 
With the Central Bank's recent measures, expectations indicate a
 
     gradual return to stability and a
     narrowing of the gap between the two rates.     https://baghdadtoday.news/273715-.htm

Chestertons Global Enters Iraq With Baghdad Office
 
Business    Iraq    IraqiNews    May 2, 2025  1364     Baghdad (IraqiNews.com) – In line with its strategic expansion across the Middle East, UK’s Chestertons Global has announced the opening of a new office in Baghdad, Iraq.
 
This marks a significant milestone as the international property brokerage continues to strengthen its presence in the Middle East.
 
The Baghdad office will offer a full suite of property services, including
 
     residential and commercial sales and rentals,
     investment advisory,
     valuations, and
     market research.
 
Chestertons Global’s entry into Iraq is a timely move, as
 
the country’s real estate sector continues its rapid development.
Valued at $1.12 billion in 2024,
Iraq’s property market
     ranks among the largest in the Arab world and
     is expected to grow at an annual rate of 6%.

With over 100 offices across 21 countries, the addition of Iraq strengthens Chestertons Global’s international network
and significantly enhances its capacity to serve clients in one of the region’s most promising markets.       
https://www.iraqinews.com/iraq/chestertons-global-enters-iraq-with-baghdad-office/  

Iraq Increases Condensate Output
 
 Iraq   Amr Salem   May 7, 2025   158      An employee turns a valve at the Nahr Bin Omar natural gas field, north of the southern Iraqi port of Basra. Photo: AFP
 
Baghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan Abdul-Ghani, said in a statement on Wednesday that
 
natural gas output and flared gas utilization projects have increased in Iraq.
 
A statement released by the Iraqi Oil Ministry mentioned that the country’s efforts to lessen gas flaring and satisfy local demand have resulted in the availability of substantial amounts of condensates, reaching about 160,000 barrels per day, according to Reuters.
 
Condensate, a light oil, is mostly used as a mixture for heavy crude or processed in separators to produce naphtha, a petrochemical product.
 
To improve its characteristics, the majority of the condensates generated are mixed with crude oil.
 
Iraq’s attempts to maximize its energy resources and lessen its environmental effect through improved utilization of flared gas have taken a significant stride with the growth in condensate output.
 
As part of the government’s plan to quickly become self-sufficient in gas and energy, Iraq plans to increase the utilization of flared gas wasted in oil operations to 70 percent by the end of 2025.
 
Abdul-Ghani told the state-run news agency (INA) last month that promising projects are underway to
maximize the production and utilization of flared gas in oil fields throughout the country.
 
According to the oil minister, flared gas utilization in Iraq is predicted to rise from its present level of around 67 percent to 70 percent by the end of 2025.
 
As part of the government agenda,  gas flaring is scheduled to completely stop in Iraq by 2028, with efforts being made to turn this wasted energy into useful energy.     https://www.iraqinews.com/iraq/iraq-increases-condensate-output/   

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 5-8-25

Good Morning Dinar Recaps,

PAYMENTS GIANT VISA INVESTS IN STABLECOIN INFRASTRUCTURE FIRM BVNK IN US MARKET EXPANSION

Credit card giant Visa is investing in the stablecoin payments network BVNK as a way to upgrade its business-to-business (B2B) transaction infrastructure.

In a new company blog post, BVNK CEO and co-founder Jesse Hemson-Struthers revealed that Visa is making an undisclosed investment into the firm to help automate and streamline global stablecoin payments between businesses.

“At BVNK, we recognized early that stablecoins would emerge as an instant global payment rail and a viable alternative to the traditional correspondent banking system.

That’s why we’ve built our infrastructure from the ground up to automate and orchestrate stablecoin payments at scale, making these new rails accessible to businesses of all sizes.”

According to Hemson-Struthers, partnering with Visa, which he calls the:

“original payments innovator,”

will fundamentally change how businesses operate digitally and assist the UK-based BVNK in its expansion into the US.

“What makes me proudest is seeing the real-world impact of our technology.

We’re currently processing $12 billion in annualized stablecoin payment volumes, enabling our customers to move money globally with unprecedented speed and efficiency. The momentum continues with our expansion into the US market this year.”

Rubail Birwadker, head of growth products and partnerships at Visa, added:

“Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners.”

In December, BVNK closed a $50 million Series B fundraising round, with participation from major venture capital firms including Coinbase Ventures.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

BRICS: ONLY 33% OF TRADE SETTLED IN US DOLLARS

Russia’s Foreign Minister Sergey Lavrov confirmed that BRICS members have settled 67% of trade in local currencies, with only 33% of deals paid in US dollars. The significant gap highlights the seriousness of the de-dollarization agenda, suggesting that the motive to topple the greenback is gaining traction.

"National currencies already account for more than 65% within the framework of trade among BRICS members," said Lavrov.
"The dollar’s share declined to one-third against such a background," he told Tass.

BRICS members have executed roughly 67% of cross-border trade for goods and commerce in local currencies, while US dollar payments make up just 33%. De-dollarization is becoming a serious global concern, and critics warn that ignoring this trend could harm the US economy in the long run.

Developing countries are now more economically empowered than in previous decades, boasting:

• Robust and growing GDPs

• Expanding manufacturing bases

• Leverage over Brent Crude oil

• Greater influence in global markets

Additionally, many of their local currencies are outperforming the US dollar, compounding pressure on the greenback.

The BRICS alliance is gaining power and may seriously challenge the US dollar by the end of the next decade.

BRICS: US Dollar Usage in Trade Transactions Only 33%

If more countries adopt the de-dollarization movement led by BRICS, the US dollar—and broader economy—could face severe challenges. BRICS expansion is particularly concerning, as newer member countries bring additional strength to local currency systems.

The next 15 years may be pivotal: either the dollar reasserts its dominance, or it risks being overtaken by a rising wave of emerging economies.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Thursday Morning 5-8-2025

TNT:

Tishwash:  Oil Doesn't Feed the Poor: Where Does Iraq's Wealth Go?!

 In a country with one of the world's largest oil reserves, scenes of destitution and poverty are still strongly present in the streets and working-class neighborhoods. Iraq, with its vast wealth, is powerless to address the dilemma of poverty, which now affects the lives of millions of citizens.

Official statistics indicate that more than a quarter of the population lives below the poverty line. As economic and political crises worsen, the roots of this phenomenon deepen, transforming from a social problem into a real threat to societal stability.

According to a 2024 report by the Iraqi Ministry of Planning, the poverty rate reached approximately 25% nationwide, with higher rates recorded in the southern governorates and conflict-affected areas. In Muthanna Governorate, for example, the rate exceeded 50%, reflecting the magnitude of the economic gap between Iraq's various regions.

The spread of poverty is attributed to several factors, most notably: high unemployment among young people, a lack of development projects, deteriorating infrastructure, and financial and administrative corruption that has depleted public budgets without affecting the lives of ordinary citizens. The absence of a clear strategy for wealth distribution has deprived large segments of their basic rights to education, healthcare, and adequate housing.

Babylon of Civilization… At the forefront of poverty

in Babylon Governorate, the cradle of civilization and home to the world’s first law stele, Minister of Labor and Social Affairs Ahmed Al-Asadi announced during a joint press conference with Babylon Governor Adnan Fayhan that the governorate has the second-highest poverty rate in Iraq.

This statement sparked a wave of anger against the government and Prime Minister Mohammed Shia al-Sudani’s development plans, especially with Babylon’s inclusion on the World Heritage List, raising questions about development priorities and wealth management.

The Voice of the Poor… A Cry in the Face of Silence

“Umm Ali,” a widow living in a slum in Baghdad, told Video News Agency:
“We live on whatever God provides. My children left school to help me collect empty cans from the street. No one asks about us, and the government doesn’t see us.”

Despite government initiatives such as the social safety net and food basket distribution, experts believe these solutions are temporary and insufficient unless accompanied by real economic reforms that create job opportunities and boost local production.

Umm Hussein, a widow and mother of four, described her suffering to the Video News Agency, saying:
“After my husband’s death, I have no one left to support me. I rely on the social welfare salary, but it is sometimes delayed and sometimes not fully disbursed. I am forced to work cleaning houses to cover school expenses and food.”

Poverty is not just numbers… but a daily pain

Poverty in Iraq is not just numbers in official reports; it is a daily story experienced by millions in silence and pain. As the challenges mount, there remains an urgent need for a serious stance from the state and society to rescue those drowning in the quagmire of poverty and pave the way for a more just and equitable future.  link

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

Tishwash:  As Trump's visit to the region approaches, Iraq is expected to play a role in the Arab Summit in Baghdad.

Political analyst Talib Mohammed Karim asserted that the upcoming Arab Summit in Baghdad, coinciding with an anticipated visit to the region by former US President Donald Trump, could reshape political roles and give Iraq a prominent position on the regional scene.

During his appearance on the "Free Talk" program on Al Furat satellite channel, Karim said, "This is not the first summit that Baghdad has hosted since 2003; but it comes at a sensitive time when regional changes are accelerating, which may push Iraq to the forefront of the summit's political discussions."

He pointed out that "the importance of the summit lies in its moral dimension for Iraq, as it is one of the founding states of the Arab League and seeks to consolidate its position as a regional and international political player."

Karim stressed that "Iraq will be the 'crown' of the Arab Summit, and no party has the right to diminish its role, whether from a protocol or political perspective," noting that "the European Union's members met on the basis of shared interests, while the Arab League's members were divided due to conflicting political interests."

He expressed his concerns about the impact of the summit's final statement on the level of representation, saying, "If the statement includes any reference to the Zionist entity, it is likely that leaders of countries such as Morocco, Algeria, and the Sultanate of Oman will abstain from attending, as happened at the 2012 Baghdad summit, which was attended only by the Emir of Kuwait."

Karim added that "the repeated  aggression against Syrian territory must be among the summit's topics, given its repercussions for regional security," considering that "Iran's role as a regional power cannot be ignored, and the Trump administration's renewed recognition of the Iranian nuclear issue constitutes an acknowledgment of its strength, which Iraq can leverage within the region's balance of power."

The political analyst concluded his remarks by asserting that "the summit represents an important opportunity for Iraq to strengthen its diplomatic standing, not only in the Arab context but also within the broader international interactions that will be affected by its outcomes." link

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

Tishwash:  Parliament is suspended until further notice. Election campaigns and internal crises postpone sessions until after Eid.

MP for the Coordination Framework, Mukhtar al-Moussawi, expects the suspension of parliament sessions to continue during the current month, until Eid al-Adha.

Al-Moussawi said in a statement followed by (Al-Mada), "There is a clear disruption to parliament's work, and it is likely that parliament sessions will not be held in the coming days, especially since it will enter a legislative recess starting next week."

He added, "There is talk about resuming parliament sessions after the Eid al-Adha holiday, in addition to other reasons that were an obstacle to the continuation of parliament sessions, represented by election campaigns that began early."

He explained that "there are many problems within parliament that prevent the parliament from holding sessions or achieving the required quorum, and therefore the parliament will remain suspended throughout the current month and beyond, until after the Eid al-Adha holiday."  link

Tishwash:  Kurdistan Delegation Meets Iraqi Oil Ministry and Epicur Over Oil Export Resumption

A high-level delegation from the Kurdistan Region’s Ministry of Natural Resources arrived in Baghdad today to meet with officials from the Iraqi Oil Ministry and international oil companies, including Epicur, to discuss the resumption of oil exports from the Kurdistan Region.

The meeting comes amid ongoing efforts to resolve the prolonged suspension of oil exports, which has cost Iraq an estimated 300,000 barrels of oil per day. Oil Minister Hayan Abdul Ghani recently stated that Iraq continues to suffer significant financial losses due to the halt and expressed surprise over what he described as new conditions set by the Kurdistan Region for the resumption of exports.

Today's meeting is expected to focus on overcoming the legal and technical challenges hindering the export process and finding a mutual agreement that would allow oil from the Kurdistan Region to flow back into international markets.

Negotiations between Baghdad and Erbil have stalled several times over the past year due to disputes over oil revenue sharing and control of export infrastructure. link

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

Mot:  Balance - All bout Balance 

MilitiaMan & Crew: Iraqi Dinar News Update-Shadow Economy-Official Price-Arab Summit Baghdad-Global Confidence in Iraq

MilitiaMan & Crew:  Iraqi Dinar News Update-Shadow Economy-Official Price-Arab Summit Baghdad-Global Confidence in Iraq

5-7-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=zIWEeKc2LVc

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

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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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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps