Bruce’s Big Call Dinar Intel Thursday Night 5-15-25
Bruce’s Big Call Dinar Intel Thursday Night 5-15-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It's Thursday, May 15th and you're listening to the big call, thanks for tuning in all over the globe. We love the fact that the Starlink system we're using to piggyback on that to get out to listeners all over the planet. So thanks for tuning in, if that's the case for you, and you're getting this call in something other than English, and these are getting translated in three seconds after I'd say it, glad that you're all there thanks for tuning in. Let's pray the call in.
So let's get into some intel. All right, what's what's interesting? I told you guys Tuesday night that a lot of the sources that we have have sort of dried up. A lot of people that we've talked to are no longer able to talk to us. They say we're too close to this. They're listening to everything we say, all that kind of talk, you know. And so we do the best we can to find out what, what the heck is really going on, you know?
Bruce’s Big Call Dinar Intel Thursday Night 5-15-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It's Thursday, May 15th and you're listening to the big call, thanks for tuning in all over the globe. We love the fact that the Starlink system we're using to piggyback on that to get out to listeners all over the planet. So thanks for tuning in, if that's the case for you, and you're getting this call in something other than English, and these are getting translated in three seconds after I'd say it, glad that you're all there thanks for tuning in. Let's pray the call in.
So let's get into some intel. All right, what's what's interesting? I told you guys Tuesday night that a lot of the sources that we have have sort of dried up. A lot of people that we've talked to are no longer able to talk to us. They say we're too close to this. They're listening to everything we say, all that kind of talk, you know. And so we do the best we can to find out what, what the heck is really going on, you know?
Because you know guys, you know it as well as I do. We thought Thursday, Friday, today, tomorrow, for sure, would be when we're supposed to be notified, because we had heard that right from pretty good sources, people that are in the redemption center. All right, here's what happened today.
They got emails at 915 this morning, but the emails were to give them their new username, passwords to get in, to log in to their accounts. They did. They've been doing a lot of shifting of personnel locations in the redemption centers. And I don't think it's just in one or two regions. It could have been nationwide that this, these changes were taking place.
So this morning, the redemption center leaders were looking for new username, password to access to go online, all right, onto the proper site. So in the case of we did get stuck with one of our bank leaders and one of our redemption center leaders. Very briefly, we find that in the redemption centers today, the screens went dark.
They went black, and it was because, probably because new rates are going to be coming up, and they didn't want to show those yet. Now in the banks, the rates are still up. I think this is a good thing when the when the screens go down at redemption center. It's telling you, wait, there's going to be changes coming to the rates.
Usually, they're increased usually. And so that's a good thing. So when I hear rates are on at the banks, but they're not on at the redemption center screens, I think, Oh, good. That shows that we're close again. Now that's the situation today so far with the redemption centers,
There have been new currencies that have been added. I mentioned on Tuesday that there is only one basket this Global Currency Reset is a once for all deal. It's not or not going to have a second or a third or fourth basket. That's old stuff that is no longer the case.
Even if it was true in the past, it's not true now -- one basket, but they have added four or five new currencies in the last couple of days. And for example, I mentioned North Korea, South Korea, they both use, if I remember right, the North Korean Won w – o – n , South Korean Won w – o - n, now I believe you'll have a new Won for both North and South Korea when they announced some kind of a, what's it called, not a repriation , but where the two will be joined back as one country, sort of like what happened in Vietnam.
So we're going to have North and South Korea as one country, and maybe initially it'll be two current, two different currencies. I don't know, but I know they're both on n the plan is for both of them to be on the redemption center screens.
You have Syria -- President Trump dropped the sanctions against Syria two days ago, he met with the head of that country, and this is a chance for Syria to do the right thing. President Trump is giving him that and also, as a result, the Syrian currency will be revaluated, revalued. I don't have any idea what. I think it's worth about 15 cents on the dollar.
Now, I think that's what I've heard on Newsmax. So we'll see how that comes to be, what it ends up becoming. But obviously, President Trump has told these guys about economic renewal and about everything that can be happening in their country if they just decide not to be agents of terrorism, but rather an agent of peace, and that's what we're going for.
So President Trump finished up his Well, let me continue with the currency. So, so we've got currency, which is called the pound, the Syrian pound, all right, not connected to the British pound, for example, the pound sterling. You know, initially it was right now. They have their own Syrian pound.
Beyond that. We've got Myanmar, which is known as Burma - was on this coming up with China and their Yuan, so I pronounce it anyway, and you've got Cambodia is in there. Nothing mentioned about Lao, but Cambodia is in let's see the two Koreas, China, Myanmar, Burma and Syria. I think those are all newest ones that have been added to the 17 or so that were already planned to be increasing in value.
So I want to put that out there for you guys to realize that, and let's see what else. So what we're hearing on bond holders - and again they have been pushed, just like we have -- Tthis whole thing in unravelling about a 48 hour period, Bond holders and us, platform trades, everything to be released and over about a 48 hour period, the latest information we heard, and that's one reason I was a little bit late, is that we're -- everything is supposed to be released, and this would be our notifications and notifications to the bond holders that they have access to their funds in their accounts.
All of that is supposed to happen over the weekend with our exchanges beginning early next week. So Saturday, Sunday, we should get our notifications either Saturday or Sunday, and if, hey, if they came early enough Saturday morning, we could very well set an appointment and start on Saturday. If that would case, we could also go through and include Sunday and right on through the rest of the month.
Now, there's no guarantee. Obviously, when we say the weekend, there's going to be Saturday, it could be on Sunday, and we're just looking at an appointment for Monday or Tuesday, very possible.
You know, early next week, very early next week, Saturday, Sunday, whatever. But everything appears to have been done, now to where we can move forward.
And I'll tell you, we had a total, a total of 61,000 IRS agents that were let go, that were let go in 30 hours. That's a very positive thing for us to move into NESARA with no income tax, no state income tax, but rather a consumption tax. We've talked about of either 14 or 15% that would be inborted, if also new, new goods ready for which means YES a lot of things would go up 15% in price, but it'll settle itself out and allow about half revenue to go Federal Gov and half go to the state.
So we will see how they divide al that out, we'll see what happens. That's part of NESARA - we are going to find that we're going to get more information on NESARA probably between now and July 4,
Hopefully we get it all activated, all of it out, to see how that flows. But what we're looking for is we have, supposedly now about 60% of GESARA already activated, 60% but on NESARA, only 15% so far has been put into play, 15% so we got a lot more to do.
We're still looking to receive checks this month, probably starting next week, and we're looking for an increase in Social Security for those 62 to 72 it's a really nice sum, nice large sum of an increase, and then 72 and a half, I guess you would get even a larger increase.
And I can't put those numbers out, always subject to change, but those things are good for the month of May, now - our R and R as I have told you before - for those of us exchanging should be at at the redemption center so that they will us how much we're getting back - they are not going to break it down to this and this and this -- we’ll have a lump sum that will tell us how much we’re getting back
And you need to ask them about it - Restitution, Reclamation allowance – what that’s going to be - I am excited about that - I am more excited about numbers – and once that happens we get to set our appointments and go for exchanges - we are all waiting for it - you too – Sue is also me too – everybody is anxious right now – I am a little bit on the little edge that was a little bit on edge today, and it's excitement - I can see the light at the end of this tunnel
looking forward to going just like you guys are certainly looking forward to the med beds - and certainly after that, to the re- build projects, rebuild America, rebuild international - getting a little traveling and getting started with our concept. I know you are too,
So we'll see how that goes. All right, so this, think we're looking at emails over the weekend to us, or whether it's beforehand, and we just do a recording with Sue Bob and I to do a celebration call. It'll be up. It'll be up as soon as we finish it. Now, let's pray to call out. Okay, and then we'll. ll have a great weekend. Hopefully we'll find those. Thanks for listening, everybody. Have a great weekend.
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Seeds of Wisdom RV and Economic Updates Friday Afternoon 5-16-25
Good Afternoon Dinar Recaps,
🏛️ US SENATE WILL PASS STABLECOIN BILL — DIGITAL CHAMBER CHIEF
The GENIUS Act's failure to move to a full vote is “a bump in the road,” and it will pass “in the next few weeks,” says Cody Carbone, CEO of the Washington, DC-based advocacy group Digital Chamber.
The stalling of key stablecoin legislation in the United States Senate was only a minor setback, and the bill is expected to pass soon, according to Cody Carbone, CEO of the Digital Chamber, a blockchain trade association and advocacy group based in Washington, DC.
Good Afternoon Dinar Recaps,
🏛️ US SENATE WILL PASS STABLECOIN BILL — DIGITAL CHAMBER CHIEF
The GENIUS Act's failure to move to a full vote is “a bump in the road,” and it will pass “in the next few weeks,” says Cody Carbone, CEO of the Washington, DC-based advocacy group Digital Chamber.
The stalling of key stablecoin legislation in the United States Senate was only a minor setback, and the bill is expected to pass soon, according to Cody Carbone, CEO of the Digital Chamber, a blockchain trade association and advocacy group based in Washington, DC.
Speaking to Cointelegraph at Consensus 2025, Carbone said it is in the best interest of the U.S. to enact comprehensive stablecoin regulations in order to protect U.S. dollar hegemony in global markets — a move that enjoys bipartisan appeal and support. Carbone stated:
“These things never move as quickly as we want them to move, but it's stablecoin legislation. This Congress has already moved more expeditiously than we ever could have imagined. So, yes, it's a bump in the road, but I think very, very shortly, we will have another vote.”
The Guiding and Establishing National Innovation in U.S. Stablecoins of 2025, or GENIUS Act, is seen as critical legislation for the U.S. crypto space. Many warn that failing to pass meaningful regulatory reform before the 2026 midterm elections could trigger a reversal in the current positive sentiment and cause a downturn in crypto markets.
“Negotiations have continued, and so I am still very optimistic,” Carbone added. “This bill is going to pass the Senate in the next few weeks.”
⚖️ Partisan Politics and Trump’s Involvement Blamed for Setback
The act failed a procedural vote in the Senate on May 8 after several Democratic lawmakers withdrew support, citing ethical concerns over President Donald Trump’s involvement in crypto. His ties to crypto — including memecoins, DeFi, and NFTs — were labeled as a key reason for the sudden reversal of Democratic support.
Coinbase Chief Legal Officer Paul Grewal also weighed in, saying Trump’s crypto presence complicates the regulatory process, as lawmakers remain cautious of conflicts of interest or undue influence.
In response, Republican Senator Tim Scott criticized Democratic opposition as a politically motivated move, aimed at blocking the former president from advancing digital asset initiatives under his administration.
Despite the controversy, the latest version of the bill removes any references to the Trump family, a change that could pave the way for Senate approval by the end of May, according to several industry insiders.
@ Newshounds News™
🔗 Source: Cointelegraph
~~~~~~~~~
STABLECOINS GO MAINSTREAM: 9 IN 10 FINANCIAL INSTITUTIONS NOW IMPLEMENTING, EXECS SAY
Stablecoins have moved from experimental assets to key infrastructure in global finance, according to Fireblocks’ newly released 2025 State of Stablecoins report.
Fireblocks’ Survey: 90% of Firms Have Stablecoin Initiatives Underway
Based on a survey of 295 financial executives, the report reveals that 90% of firms are now actively implementing stablecoins, with nearly half of all 2024 transactions on Fireblocks’ platform involving stablecoin use.
Banks and payment providers are now processing over 35 million stablecoin transactions per month, a clear sign of their growing adoption.
The dominant use case? Cross-border B2B payments, especially in emerging markets where traditional rails fail due to delays and high costs.
Speed and Liquidity Are Driving Adoption
Speed has overtaken cost savings as the top benefit, with 48% citing faster settlement as the primary motivator. But more than just efficiency, revenue growth is the goal: institutions want to regain lost market share and open new financial corridors.
Meanwhile, regulatory concerns have dropped dramatically — just 20% of firms now view compliance as a barrier, down from 80% in 2023. This shift is driven by clearer global regulations and better AML tools.
Regional Trends Show Varied Priorities
Latin America: Leading with 71% of firms using stablecoins for cross-border transactions.
Asia: Focused on market expansion.
North America: Lags behind with 39% adoption, but 88% of firms support upcoming regulations.
Europe: Emphasizing security, with 37% seeking safer infrastructure despite its regulatory head start under MiCA.
Infrastructure Is Ready, But Security Still a Concern
While 86% report being technically ready, Fireblocks stresses the need for enterprise-grade scalability.
Security remains a sticking point — 36% demand stronger protections to support future growth.
Case in point: Fireblocks highlighted its partnership with Zeebu, which used stablecoins to process $5.7 billion in telecom settlements — demonstrating both scalability and real-world impact.
Conclusion: Stablecoins Are No Longer Optional
The message is clear: Stablecoins have become a strategic imperative.
From instant settlements to programmable finance, the pressure to adapt is rising. Institutions building secure and compliant infrastructure today will lead the digital finance landscape of tomorrow.
@ Newshounds News™
📎 Source: Bitcoin News
~~~~~~~~~
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Economist’s “News and Views” 5-16-2025
3 HUGE Crises Hitting at Once, 'Big Problem' Ahead For Banking System: Michael Pento
Commodity Culture: 5-16-2025
Michael Pento is seeing clear signs that the US economy is facing massive danger, as crises on multiple fronts are evolving into systemic risk for the banking system and threatening to curb the Trump administration's efforts to wage a global trade war.
Michael explains why in the face of these facts, he's moved capital into the commodities sector and is relying on precious metals as a ballast in his portfolio, as he sees a clear move away from the dollar and towards gold by foreign nations.
3 HUGE Crises Hitting at Once, 'Big Problem' Ahead For Banking System: Michael Pento
Commodity Culture: 5-16-2025
Michael Pento is seeing clear signs that the US economy is facing massive danger, as crises on multiple fronts are evolving into systemic risk for the banking system and threatening to curb the Trump administration's efforts to wage a global trade war.
Michael explains why in the face of these facts, he's moved capital into the commodities sector and is relying on precious metals as a ballast in his portfolio, as he sees a clear move away from the dollar and towards gold by foreign nations.
00:00 Introduction
00:52 US-China Tariff Deal
08:13 Fed Won't Proactively Cut Rates
10:57 Coming Real Estate Crisis
12:59 Bullish Oil & Agriculture
16:44 Effects of Trade War
20:11 Gold is Replacing the Dollar
23:07 Silver on the Radar
26:02 Debt and Deficits in the US
28:03 Spike in 30-Year Japanese Bonds
29:44 Opportunity in Indian Stocks
31:38 Global Conflict Rising
Why Lower Inflation Means More Stimulus Ahead
Heresy Financial: 5-16-2025
TIMECODES
00:00 Inflation Is Falling Faster Than Expected
00:15 April CPI Drops to 2.3%
00:34 Why Tariffs Don’t Raise Prices
01:12 The Fed’s 3 Mandates Explained
01:45 Printing vs. Withdrawing Liquidity
02:00 Could QE Be Coming Back?
02:16 The Fed’s Hidden Job: Control Long-Term Rates
02:54 Debt Cycles and Interest Rates
03:50 Deleveraging Then and Now
04:20 Inflationary Deleveraging Strategy
04:46 Prepare for a New Macro Era
05:01 The Bond Bull Market Is Over
05:14 Why Asset Prices Will Keep Rising
05:31 How to Apply These Ideas to Your Investing
WARNING: Treasury Yields Are Signaling Something Big
George Gammon: 5-15-2025
Coffee with MarkZ and Mr. Cottrell. 05/16/2025
Coffee with MarkZ and Mr. Cottrell. 05/16/2025
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- Let’s get this RV weekend started
Member: Good morning Patriots and Dinarians.
Member: Just a thought: Tomorrows the 17th maybe we will get our notifications, but can’t go to the bank /redemption centers until Monday??
Coffee with MarkZ and Mr. Cottrell. 05/16/2025
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- Let’s get this RV weekend started
Member: Good morning Patriots and Dinarians.
Member: Just a thought: Tomorrows the 17th maybe we will get our notifications, but can’t go to the bank /redemption centers until Monday??
Member: did the dinar come off the exotic currency list on the 15th?
MZ: Not that I know of- but we did see a lot of rates populating yesterday ….it was a very interesting day.
MZ: No fresh bond updates since last night. But it is reassuring seeing many different bond holders saying they have now finished their final paperwork and initiated payments. Now we have to see how many start receiving it.
Member: my platform saying triggers to be paid today, i hope they are right. could this mean we reached that 30%?
MZ: I think we are at about 20%
Member: Mike Bara said things will start at any time now.
Member: I hear different exchange rates are coming up on the forex- Rumor?
Member: Any new rates for the Indonesian Rupiah?
MZ: I continue to hear about $1.47 US. I have been hearing that for a long time now, but we won’t know for certain until we get there.
Member: Nader posted the Dinar jumped to 0.0014 briefly.
MZ: Its moving in the right direction
Member: Well the Arab Summit starts tomorrow. Hope that brings good news for us.
Member: Iraq will look like the poor relation going to the summit with a 1310 rate on dinar. do you think that's what Iraq wants to look poor tomorrow?
Member: At this point I would be thrilled with a 1 to 1 rate
Member: imagine how much easier it would be for Iraq to purchase the 3 zero notes off the streets with a 3 dollar to 1 dinar exchange rate
Member: Trump is on his way home to see his newborn granddaughter. So will not be attending the Arab Summit in person. Maybe via a zoom call or something?????
MZ: “Baghdad summit and support for transportation and logistics projects is a strategic pillar for diversifying the national economy.” A neat article talking about all the investments going on in Iraq and Iraq working on prosperity for its citizens. This is not a country who will keep sitting around with a 1320 value on their currency.
MZ: “Rolls Royce offers a dealership in Iraq” first one in over 120 years there. It will be in the Erbil region. I think this is telling us they are expecting a lot of very wealthy people soon in the area.
Member: I think the Iran deal is the key to this rv going.
MZ: You could be right.
MZ: “Scientists discover $1,500,000,000,000 trillion in white gold in Oregan that could transform the car industry” This is lithium. Every time we turn around there is another discovery.
Member: WOW, everyday it's another place finding gold , lithium, everything all at once !!!
Member: I just got off the phone with a JP Morgan wealth advisor got an email to come in for a consultation. told them what I would be talking about
MZ: It seems the World Economic forum are pursuing Christine Lagarde to lead them since the departure of Klaus Swab.
Member: If the WEF was to be abolished, would anyone miss this organization? What good does the WEF do to support the world in a good way? I see no use for them.
Member: Praying this upcoming week is looking good for the RV
Member: Huge July 4th celebrations coming for the US 250 birthday. I would hope we all have exchanged by then.
Mod: Mark's next travel schedule. He leaves on May 17th (which is Mark's dad 80th B-Day) and comes back on May 21st. Zester will host the podcast when Mark is gone. Mark will pop in when he can.
Member: If the RV goes off while Mark is on vacation, hopefully he has a pre-recorded with his golden suit on
Member: Thanks Mark and Mr. C….everyone have a wonderful weekend. Safe travels Mark and enjoy your vacation Mark.
Mr. Cottrell 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
News, Rumors and Opinions Friday 5-16-2025
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. 15 May 2025
Compiled Thurs. 15 May 2025 12:01 am EST by Judy Byington
What We Think We Know as of Thurs. 15 May 2025:
Wed. 14 May 2025: Operation Sandman has been ACTIVATED. Over 100 nations just began DUMPING U.S. TREASURIES in a synchronized assault to COLLAPSE the dollar and BREAK the Deepstate’s financial stranglehold. The globalist system is being hit from all sides —
Wed. 14 May 2025: President Trump and Treasury Secretary Scott Bent have launched a full-blown 90-day freeze on the IRS.
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. 15 May 2025
Compiled Thurs. 15 May 2025 12:01 am EST by Judy Byington
What We Think We Know as of Thurs. 15 May 2025:
Wed. 14 May 2025: Operation Sandman has been ACTIVATED. Over 100 nations just began DUMPING U.S. TREASURIES in a synchronized assault to COLLAPSE the dollar and BREAK the Deepstate’s financial stranglehold. The globalist system is being hit from all sides —
Wed. 14 May 2025: President Trump and Treasury Secretary Scott Bent have launched a full-blown 90-day freeze on the IRS.
Global Currency Reset:
Wed. 14 May 2025 Stop Sale Foreign Currencies: On Tues. 13 May 2025 a memo was sent to the banks telling them that the sale of foreign currencies will stop as of 4 pm EST on Tues. 13 May and that Stop Sale will be in effect for the next 24 hours (until Wed. 14 May 2025 at 4pm EST). …TNT Call Tues. 13 May 2025
Tues. 13 May 2025: Rumor was that not only were the higher tiers exchanging in Reno, but Tier4A contacts were coming out of the woodwork—people who’ve never spoken up before—now telling us they’re about to be paid or have an appointment scheduled. This is more than “hearsay,” there is an obvious uptick in 4a appointments.
Tues. 13 May 2025 Bruce: Tier4b (us, the Internet Group) Notifications to set exchange appointments were expected on Wed. 14 May and begin appointments on Thurs. 15 May 2025.
Wed. 14 May 2025 The regime is panicking — and now we know why. On May 13, 2025, the U.S. Treasury released numbers that detonated across the global financial system like a shockwave: inflation has dropped to just 2.3%, the lowest since early 2021, and the Treasury posted a $258.4 BILLION surplus — the second-largest in American history. …WH Grampa on Telegram
~~~~~~~~~~~~
THE QFS IS ALIVE — QUIETLY
Multiple sources confirm: the Quantum Financial System is operational behind the scenes. This surplus isn’t just cash — it’s a signal. A signal that GESARA mechanisms have activated:
• Tariff revenues are being rerouted into gold-backed QFS accounts.
• Redemption centers are live-testing now in multiple U.S. states.
• Quantum Access Cards are in final rollout, locked to biometric & retinal security.
• The IRS has lost access to key revenue pipelines. They’re being cut off from the loop.
• NDAs for debt relief recipients are being drafted.
These aren’t theories — these are movements. Verified. Quiet. Controlled.
THE FINAL COUNTDOWN HAS BEGUN GESARA is no longer a plan on paper — it’s operational. The numbers released in April and May will be used as evidence during EBS, to prove that the transition began long before the world knew it.
The gold is real. The debt is reversing. The fiat system is falling. And you — the sovereign citizen — are reclaiming what’s yours. The storm is financial, and the storm has landed. The next phase? Global communication. Mass exposure. Public activation.
~~~~~~~~~~~~~~~
Wed. 14 May 2025: BOOM!!! TRUMP ERASES IRS, LAUNCHES EXTERNAL REVENUE SERVICE – AMERICANS FREED FROM INCOME TAX FOREVER! VIDEO – amg-news.com – American Media Group
Wed. 14 May 2025: BREAKING: Epic Boom! The National Quantum Initiative, XRP, NESARA GESARA, and QFS 3.0! [MUST WATCH] – amg-news.com – American Media Group
Wed. 14 May 2025: Global Banks prepare for currency reset using XRP and digital control protocols: https://amg-news.com/breaking-the-reset-they-wont-announce-basel-iii-triggered-wells-fargo-global-banks-prepare-for-currency-reset-using-xrp-and-digital-control-protocols/
Read full post here: https://dinarchronicles.com/2025/05/15/restored-republic-via-a-gcr-update-as-of-may-15-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick [Iraqi banking friend Aki update] Aki will give us a list of the private banks that will collect the 3-zero notes for the CBI...these banks are going to be all over the world. If people live in Canada...Australia...Japan...London, they will be able to turn in their currency for the currency of that region. Not only Aki's bank but thousands of private banks around the world the CBI has contracts and agreements with to collect the 3-zeros and turn them in to the CBI. Our American banks will open their doors to American citizens only...
Frank26 The rate out in the market, that's where they're inflated. They're around 1400 something...and they rip them off because it's [the official rate] is 1310. The difference is the profiteering, the ripoff to the Iraqi citizens. Why do the Iraqi citizens go to these people? Because it's more convenient...and they don't trust the Iraqi banks. But these exchange centers are going away...They got neutered...As this gap gets closer and closer you're going to get a 1 to 1 rate.
************
Iqd gone up on Wednesday to 0.0014 looking good
Nader: 5-16-2025
Seeds of Wisdom RV and Economic Updates Friday Morning 5-16-25
Good Morning Dinar Recaps,
US Federal Judge Rejects SEC and Ripple's Request for Indicative Ruling, Further Delaying Resolution
• U.S. District Court Judge Analisa Torres denied Ripple and the SEC’s joint motion for an indicative ruling on their agreement to settle the years-long legal dispute.
• Judge Torres said the request was “procedurally improper,” and the parties failed to address what was necessary to lift the original injunction against Ripple.
• Ripple CLO Stuart Alderoty said the company will revisit the case in court with the SEC.
Good Morning Dinar Recaps,
US Federal Judge Rejects SEC and Ripple's Request for Indicative Ruling, Further Delaying Resolution
• U.S. District Court Judge Analisa Torres denied Ripple and the SEC’s joint motion for an indicative ruling on their agreement to settle the years-long legal dispute.
• Judge Torres said the request was “procedurally improper,” and the parties failed to address what was necessary to lift the original injunction against Ripple.
• Ripple CLO Stuart Alderoty said the company will revisit the case in court with the SEC.
The Southern District of New York Court dismissed the joint request from the Securities and Exchange Commission and Ripple Labs for an indicative ruling on a potential resolution in the years-long dispute between the entities.
The decision comes a week after the SEC and Ripple submitted the request after entering into a settlement agreement, where they sought an indicative ruling to lift the August 2024 injunction against Ripple and reduce the imposed penalties from $125 million to $50 million.
An indicative ruling is a statement from a district court about how it would rule on a motion if it still had jurisdiction over a case.
According to Rule 62.1, a district court does not have real authority to grant or reject a request. As the SEC and Ripple each filed appeals to a final judgment in August 2024, their cross-appeals are still pending in a higher court, the Second Circuit.
"Accordingly, if jurisdiction were restored to this court, the court would deny the parties' motion as procedurally improper," District Judge Analisa Torres said in the Thursday order.
The judge said the parties failed to address the "heavy burden" they must overcome to vacate the injunction, adding that relief from judgment under Rule of Civil Procedure 60 should be made in "exceptional circumstances."
What’s next
The SEC and Ripple previously said that if Judge Torres made an indicative ruling to lift the injunction against Ripple, they would jointly request a limited remand from the Second Circuit. This remand would have returned the case to the district court to formally implement their mutual agreement and dismiss their cross-appeals.
Ripple's Chief Legal Officer Stuart Alderoty said on X that the company and the SEC will revisit this case in the court.
"Nothing in today's order changes Ripple's wins," Alderoty wrote.
"The meaning here is that the parties didn't request relief under the right rule of civil procedure," crypto attorney Fred Rispoli commented on X. "So they will refile it under the correct rule but, me reading between the lines, is that Ripple and the SEC need to get on all fours and beg for relief."
The SEC-Ripple case is one of the most prominent lawsuits in crypto history. It started in late 2020 when the regulatory agency sued Ripple over its sale of XRP tokens, which the regulator viewed as a violation of federal securities laws. The case attracted significant attention, centering on whether XRP, and cryptocurrencies in general, should be considered financial securities.
The dispute took a significant turn when new leadership took over the SEC under pro-crypto President Donald Trump and adopted a friendlier stance toward crypto regulation. The agency has dropped its enforcement actions against several major crypto players this year, including Coinbase and Kraken.
The price of XRP fell 6% in the past 24 hours to trade at $2.38 as of 10:10 p.m. on Thursday ET, according to The Block's XRP price page.
@ Newshounds News™
Source: The Block
~~~~~~~~~
South American Nation Could Join BRICS During 2025 Summit
• The 17th BRICS summit will take place on July 7–8, 2025, in Rio De Janeiro, Brazil.
• Colombia may become the first South American country to join the BRICS alliance.
• Brazil’s President Lula da Silva has officially proposed Colombia’s membership.
• Colombia is also seeking entry into the BRICS New Development Bank (NDB).
A leading South American country could join the BRICS alliance during the 2025 summit in July. The 17th summit is scheduled to take place in Brazil’s Rio De Janeiro on July 7 and 8, during which the 10-member bloc will meet to discuss trade policies, currency options, and new memberships. The alliance’s decisions are consensus-based, as all nations have to agree to move forward on a policy.
No South American country has been part of the BRICS alliance, and things could change after the 2025 summit. Even the 13 ‘partner countries’ are not from South America, while Cuba, the closest, is in the Caribbean. This year’s summit could see major changes in how the bloc operates and advance the de-dollarization agenda on the global stage.
BRICS: South American Nation Colombia Wants to Join BRICS After 2025 Summit
Brazil, which chairs the upcoming summit, has proposed that the South American nation of Colombia join BRICS in 2025.
"Our President Lula da Silva suggested Colombia as a new full-fledged member of BRICS. This issue was discussed by the group’s members," said Brazilian Ambassador to Russia Rodrigo de Lima Baena Soares.
He also explained that Trump’s trade wars and tariffs led to the South American country Colombia considering BRICS in 2025. “What President Trump did was throw us into an abyss of opportunity,” he said. The decision to allow Colombia into the bloc will be consensus-based at the 17th summit in July.
The South American nation Colombia has also requested to join the BRICS bank ‘New Development Bank’ after the 2025 summit. Entry into NDB will allow Colombia to see new loans outside the Western-dominated International Monetary Fund (IMF).
"We would need to talk about new loans, talks about the purchase of debt. And it’s there that great possibilities emerge with a bank like the BRICS’ new bank, on top of loans we could obtain for the issue of education or infrastructure," said Congressman Alejandro Toro.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
Isaac Update
May 15, 2025
Isaac posted in his Telegram Room Link
The Do's And Don'ts After Receiving An Inheritance
The Do's And Don'ts After Receiving An Inheritance
Brad Smith·Host Tue, Apr 16, 2024,
As older Americans prepare to transfer their wealth or will it to their family, what should inheritors know before receiving this large sum of money?
Wealthstream Advisors Financial Advisor Katharine George explains the do's and don'ts when inheriting wealth, which includes money and even real estate property.
"I try to stay away from rules of thumbs but I would say in general, [avoid] making big decisions. I would say wait about six months or so, especially if you're grieving," George says. "These big changes... in that short period of time when you're grieving if it was someone close to you, we don't want to make any decisions that are rash. So buying another property or going on a big vacation.
These big changes, it could be that you need these assets invested and saved for your long term or it could be you could retire tomorrow. It really depends on the personal situation but not making any of these big decisions immediately after is really important, really let the dust settle."
The Do's And Don'ts After Receiving An Inheritance
Brad Smith·Host Tue, Apr 16, 2024,
As older Americans prepare to transfer their wealth or will it to their family, what should inheritors know before receiving this large sum of money?
Wealthstream Advisors Financial Advisor Katharine George explains the do's and don'ts when inheriting wealth, which includes money and even real estate property.
"I try to stay away from rules of thumbs but I would say in general, [avoid] making big decisions. I would say wait about six months or so, especially if you're grieving," George says. "These big changes... in that short period of time when you're grieving if it was someone close to you, we don't want to make any decisions that are rash. So buying another property or going on a big vacation.
These big changes, it could be that you need these assets invested and saved for your long term or it could be you could retire tomorrow. It really depends on the personal situation but not making any of these big decisions immediately after is really important, really let the dust settle."
For more expert insight and the latest market action, click here to watch this full episode of Wealth!This post was written by Luke Carberry Mogan.
Video Transcript
BRAD SMITH: Well, the baby Boomer generation is aging. We all are, come on now. With its oldest members nearing 80 years old. And for a generation that has done quite well for themselves, that wealth is now starting to be passed down to younger generations. Gen X and millennials are slowly starting to inherit large sums of money investments or even pieces of real estate. All of this can certainly overwhelm and alter your life.
So what should you be doing with inheritance, and what are the tax implications behind the Great Wealth Transfer as well? For more, I'm joined by Katharine George, Wealthstream Advisors financial advisor. First and foremost, we should just say, appreciate your family members while they're here. Spend that time with them. Enjoy so much of that experience.
And then if you do have to get into a position where you've got to figure out what to do with this windfall of assets, now, what do you do? What is the most apt decision that people should start to make and where they can start the thought process, Katharine?
KATHARINE GEORGE: Well, Brad, I mean, there's lots of different types of assets that people invest like you just mentioned. I'd say, the number 1 question that I get from clients who just got money is, do I have to report this on my tax return? They just got $1,000 in cash. Is this taxable? The answer is no. When you receive assets, that is not taxable. It's when you sell something or when you pull from the retirement account, that's really when the taxes could come into play.
But the first decision is really to decide, should I sell this? Is this an appropriate investment for me? These types of investments can be bucketed into non-retirement assets and retirement assets. And with non-retirement assets, there's actually a big tax advantage to selling. In most cases, when someone passes away, what they paid for the asset kind of gets stepped up to the market value today, meaning that if you sell it, there's no taxes.
So there is a period of time where you can sell the investments that you receive and maybe put it into something that would be more beneficial for you. That's kind of the first tip.
BRAD SMITH: What about real estate or other illiquid assets?
To Read More:
https://finance.yahoo.com/video/dos-donts-receiving-inheritance-162116156.html
“Tidbits From TNT” Friday Morning 5-16-2025
TNT:
Tishwash: Ashur Bank joins Iraq Britain Business Council
Ashur International Bank has joined the Iraq Britain Business Council (IBBC).
According to a statement from the IBBC, the move follows a long relationship between the Council and the bank's CEO, Mohammed Al-Delaimy.
It says the bank, established in 2005 is one of the leading private banks in Iraq, offering comprehensive banking services to individuals and businesses, with a strong focus on digital innovation, financial inclusion, and developing financial products tailored to the evolving needs of the Iraqi market.
TNT:
Tishwash: Ashur Bank joins Iraq Britain Business Council
Ashur International Bank has joined the Iraq Britain Business Council (IBBC).
According to a statement from the IBBC, the move follows a long relationship between the Council and the bank's CEO, Mohammed Al-Delaimy.
It says the bank, established in 2005 is one of the leading private banks in Iraq, offering comprehensive banking services to individuals and businesses, with a strong focus on digital innovation, financial inclusion, and developing financial products tailored to the evolving needs of the Iraqi market. link
Tishwash: Arab Summit: Iraq Returns to Leadership Role, Baghdad Transforms into Influential Regional Player
Political researcher Abbas Ghadir said on Thursday (May 15, 2025) that holding the Arab League meeting in Baghdad will make Iraq an influential regional player.
Ghadir told Baghdad Today, "The Baghdad summit will make Iraq an influential regional player, especially since the summit will issue important decisions regarding the political and security changes and challenges facing the region at various levels. This summit will make Baghdad a major player in confronting crises and challenges and an effective player in finding diplomatic solutions."
He added, "Holding the Baghdad summit with a large Arab presence confirms that Iraq has been able to regain its leadership and pivotal role in the region, especially after the government worked to distance Iraq from the cycle of war, adopted a policy of balance, and refused to be part of any regional or international axes throughout previous dangerous crises."
Today, Wednesday (May 14, 2025), Foreign Minister Fuad Hussein announced the details of the Arab Summit to be held in Baghdad next Saturday.
At a press conference on the Arab Summit in Baghdad, attended by a Baghdad Today correspondent, Hussein said, "The preparatory committee for the Arab Summit in Baghdad has accomplished significant work," noting that "the participation of leaders and officials in these exceptional circumstances confirms their desire to unify the Arab position."
He added, "Twenty Arab organizations are participating in this summit, in addition to international organizations, including the Secretary-General of the United Nations, the Secretary-General of the Organization of Islamic Cooperation, and the guest of honor, the Prime Minister of Spain."
Hussein continued, "Iraq granted 1,000 entry visas to summit attendees, and there are approximately 300 journalists from Iraqi institutions and 200 from the international press," noting that "16 meetings of the Arab Summit's Supreme Administrative Committee were held in Baghdad."
He stressed that "Iraq is proud to have hosted three summits: the Arab League Council, the fifth session of the Development Summit, and the leaders' summit between Iraq, Egypt, and Jordan," emphasizing that "Iraq is now the chair of the 77th Summit and China."
He explained that "the Arab League Council meeting at the ministerial level will submit its decisions to the summit," explaining that "on the day of the summit, there will be two morning sessions, one at the summit level and the other the fifth development summit. The two summits will issue the Baghdad Declaration, including an immediate halt to the events in Gaza."
Hussein pointed out that "the sister Arab countries presented their visions on the items up for discussion during the summit," adding that "it is hoped that political initiatives will be put forward to establish an Arab center for combating terrorism, organized crime, drugs, and reconstruction."
Regarding Trump's decision, Hussein said, "The announcement of lifting sanctions on the Syrian people is an important step, and what is happening in Riyadh and what will happen in Baghdad is an integrative phase." He emphasized that "there will be decisions regarding the Syrian situation and the situation of Arab countries in general."
Regarding the PKK's decision, Hussein explained, "We are pleased with the PKK's decision to lay down its arms," indicating that "there will be cooperation between Baghdad and Ankara to address the PKK's decision link
************
Tishwash: Iraq: Concluding Statement of the 2025 IMF Article IV Mission
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.
The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.
An International Monetary Fund (IMF) mission, led by Mr. Jean-Guillaume Poulain, met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation. The following statement was issued at the end of the mission:
A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability. These include containing the fiscal deficit by mobilizing non-oil tax revenues and reining in the public wage bill, completing the restructuring of state-owned banks, and promoting private sector growth, by reforming the labor market, improving the business environment, enhancing governance and fighting corruption. Building on recent progress, the Central Bank of Iraq (CBI) should continue modernizing the banking system and supporting private banks in expanding their corresponding banking relationships.
Recent Economic Developments, Outlook and Risks
The non-oil sector grew at a slower pace last year and inflation remained subdued. Following a very strong growth of 13.8 percent in 2023, Iraq's non-oil GDP is expected to have considerably moderated to 2.5 percent in 2024, driven by a slowdown in public investment and in the services sector, as well as a weaker trade balance. The agriculture, manufacturing, and construction sectors remained resilient, benefiting from post-drought recovery, expanded refining capacity, and strong growth in credit to households. The decline in oil production weighed on overall growth, which contracted by 2.3 percent for the year. Inflation dropped to 2.7 percent by end-2024, amid lower food price inflation and liquidity absorption from the CBI.
The fiscal position has deteriorated, along with external balances. The 2024 fiscal deficit is estimated at 4.2 percent of GDP, compared to 1.1 percent in 2023, reflecting rising spending on wages and salaries and energy purchases. Financing constraints have led to reemergence of arrears notably in energy and capital expenditure. On the external front, the current account surplus narrowed sharply from 7.5 percent to 2 percent of GDP, due to a surge in goods imports. Nonetheless, external buffers remain strong, with reserves at US$100.3 billion at end-2024—covering over 12 months of imports.
Non-oil growth is projected to remain subdued in 2025 amid a challenging global environment and financing constraints. Non-oil GDP is projected to slow down to 1 percent this year as the impact of falling oil prices and financing constraints weigh on government spending and consumer sentiment. The current account is expected to weaken considerably in 2025 primarily due to declining oil export revenues. The deterioration in the external position is projected to weigh on foreign reserves.
Policy Priorities
Iraq’s vulnerabilities have increased in recent years due to a large fiscal expansion. Beside weighing on prospects of private sector-led growth, current public employment policies and resulting wage costs are unsustainable given Iraq’s low non-oil tax base. Accordingly, dependence on oil revenues has worsened, and the oil price required to balance the budget increased to around $84 in 2024, up from $54 in 2020.
These challenges have been exacerbated by the sharp decline in oil prices in 2025, requiring an urgent policy response. In the very short-term, the authorities should review current and capital spending plans for 2025 and limit or postpone all non-essential expenditure. At the same time, there may be scope to increase non-oil revenues by revising customs duties as well as introducing or raising excise taxes. The authorities should also explore options to diversify the creditors base for increasing financing availability. Monetary financing of the deficit should be avoided as it could fuel inflation, drain FX reserves, and weaken the CBI’s balance sheet.
More broadly, a sizable fiscal consolidation is needed to mitigate macro-fiscal risks, ensure debt sustainability, and rebuild fiscal buffers. On the revenue side, besides customs duties and excise taxes, there is scope to gradually reform personal income tax by limiting exemptions and increasing rates. Strengthening tax administration—through digitalization, improved enforcement, and better collection—is essential. A more effective tax administration should allow for eventually introducing a general sales tax. On the spending side, curbing current expenditures, particularly via comprehensive wage bill reforms, limiting mandatory hiring, and adopting attrition rule, would yield significant savings. Recent efforts to better target the public distribution system are welcome, but there is scope to further improve targeting and eventually shift to cash-based social safety nets. Finally, it is urgent to reform the public pension system through raising the retirement age and reducing both the accrual and replacement rates is needed to enhance its sustainability.
Implementing these reforms would also create fiscal space to increase capital spending. Expanding non-oil investment, especially in trade and transportation infrastructure should help economic diversification. Substantial investments are also required to modernize the electricity sector and develop natural gas resources, both of which are essential for improving energy security and reducing dependence on gas imports. Improved procurement, public financial management, and corruption control would enhance the effectiveness of any additional public investment.
Further efforts are needed to mop up excess liquidity in order to improve monetary policy transmission. While the CBI has made progress in absorbing excess liquidity, additional adjustments could enhance the effectiveness of the framework. Key measures include increasing the issuance of CB-bills, focusing on the short maturity (14-day) at the policy rate, revising size limits on individual banks’ bids, and improving liquidity forecasting tools and practices. To safeguard its balance sheet and preserve credibility, the CBI should continue to avoid financing the government deficit.
The mission commended the CBI for the successful transition to the new trade finance system. Trade finance is now fully processed by commercial banks through their correspondent banking relationships. This has also supported the recent decline in the spread between the official and parallel market exchange rates. Nonetheless, further efforts are needed to further reduce the spread, including by imposing Iraqi dinar usage for car and real estate transactions, improving customs controls to curb smuggling, and simplifying FX access.
While initial steps to reform state-owned banks are encouraging, broader efforts are needed to strengthen the financial sector. The restructuring plan for state-owned banks should be finalized without delay, encompassing treatment of non-performing loans, and recapitalization needs. In parallel, the mission welcomed progress in digitalization and the authorities’ intention to undertake a comprehensive banking sector overhaul. Reforms should include enhancing corporate governance, digital infrastructure, and cybersecurity, while promoting a stronger role for private banks. Efforts to enhance AML/CFT measures by tackling the deficiencies identified in the MENAFATF Mutual Evaluation report should continue.
Chronic power shortages, electricity losses and excessive tariff subsidization continue to weigh on the economy. Addressing inefficiencies in the electricity sector is important for fiscal sustainability and improving productivity. In 2024, distribution losses reached 55 percent, driven by theft and illegal connections, leading to significant financial losses. The authorities are deploying smart meters and have introduced other measures to enhance billing and collection. However, progress should be accelerated. Once collection substantially improves, achieving cost recovery will also require electricity tariff increases, with carefully calibrated subsidies targeted to low-income users. Recent disruptions in electricity imports from Iran further underscore the need for diversified supply and the development of gas projects.
Combating corruption and governance weaknesses is imperative to support economic development. Steps taken in the implementation and upgrade of the national anticorruption strategy and the improvements in corruption perception indices are positive developments. However, corruption remains a significant hurdle for growth. Strengthening accountability frameworks for the operation of state-owned and private enterprises in the oil, electricity and construction sectors is critical, and thorough compliance with Extractives Industries Transparency Initiative standards and the enactment of the law on Transparency and Access to Information should be prioritized. Additionally, aligning anticorruption legal frameworks with international covenants and best practice, and strengthening the independence of the judiciary are essential for effective enforcement and for the protection of economic rights.
A comprehensive structural reform agenda is essential to unlock growth potential. The mission estimates that a comprehensive set of reforms covering the labor market, business regulation, the financial sector and governance could double non-oil potential GDP growth over the medium term. On labor market, priorities include increasing labor force participation, particularly among women, by improving female education and further reducing barriers to their work and mobility, and reforming public sector hiring, which distort labor markets and reduce productivity. Efforts to better align skills with labor market needs should intensify. More generally, simplifying regulations and reducing bureaucratic impediments in e.g. business registration or tax administration should increase participation in the formal economy and help private sector development.
The mission would like to thank the Iraqi authorities and various stakeholders for their excellent hospitality and cooperation and candid discussions during the mission. link
Mot: Don't Ya Love the Encouragement Ya get frum da Net!!!!
Mot: ... If she says the bonus word run
MilitiaMan & Crew: Iraqi Dinar News Update-Rare Earths-IMF-NewTrade Financial System-$Trillions-Exchange Rate Oriented
MilitiaMan & Crew: Iraqi Dinar News Update-Rare Earths-IMF-NewTrade Financial System-$Trillions-Exchange Rate Oriented
5-15-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew: Iraqi Dinar News Update-Rare Earths-IMF-NewTrade Financial System-$Trillions-Exchange Rate Oriented
5-15-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Economic News And Points To Ponder Thursday Evening 5-15-25
Iraq: Concluding Statement Of The 2025 IMF Article IV Mission
May 15, 2025 A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.
The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.
Iraq: Concluding Statement Of The 2025 IMF Article IV Mission
May 15, 2025 A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.
The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.
An International Monetary Fund (IMF) mission, led by Mr. Jean-Guillaume Poulain, met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation. The following statement was issued at the end of the mission:
A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability.
These include containing the fiscal deficit by mobilizing non-oil tax revenues and reining in the public wage bill, completing the restructuring of state-owned banks, and promoting private sector growth, by reforming the labor market, improving the business environment, enhancing governance and fighting corruption.
Building on recent progress, the Central Bank of Iraq (CBI) should continue modernizing the banking system and supporting private banks in expanding their corresponding banking relationships.
Recent Economic Developments, Outlook and Risks
The non-oil sector grew at a slower pace last year and inflation remained subdued. Following a very strong growth of 13.8 percent in 2023, Iraq's non-oil GDP is expected to have considerably moderated to 2.5 percent in 2024, driven by a slowdown in public investment and in the services sector, as well as a weaker trade balance.
The agriculture, manufacturing, and construction sectors remained resilient, benefiting from post-drought recovery, expanded refining capacity, and strong growth in credit to households.
The decline in oil production weighed on overall growth, which contracted by 2.3 percent for the year. Inflation dropped to 2.7 percent by end-2024, amid lower food price inflation and liquidity absorption from the CBI.
The fiscal position has deteriorated, along with external balances. The 2024 fiscal deficit is estimated at 4.2 percent of GDP, compared to 1.1 percent in 2023, reflecting rising spending on wages and salaries and energy purchases. Financing constraints have led to reemergence of arrears notably in energy and capital expenditure.
On the external front, the current account surplus narrowed sharply from 7.5 percent to 2 percent of GDP, due to a surge in goods imports. Nonetheless, external buffers remain strong, with reserves at US$100.3 billion at end-2024—covering over 12 months of imports.
Non-oil growth is projected to remain subdued in 2025 amid a challenging global environment and financing constraints. Non-oil GDP is projected to slow down to 1 percent this year as the impact of falling oil prices and financing constraints weigh on government spending and consumer sentiment.
The current account is expected to weaken considerably in 2025 primarily due to declining oil export revenues. The deterioration in the external position is projected to weigh on foreign reserves.
Policy Priorities
Iraq’s vulnerabilities have increased in recent years due to a large fiscal expansion. Beside weighing on prospects of private sector-led growth, current public employment policies and resulting wage costs are unsustainable given Iraq’s low non-oil tax base. Accordingly, dependence on oil revenues has worsened, and the oil price required to balance the budget increased to around $84 in 2024, up from $54 in 2020.
These challenges have been exacerbated by the sharp decline in oil prices in 2025, requiring an urgent policy response. In the very short-term, the authorities should review current and capital spending plans for 2025 and limit or postpone all non-essential expenditure.
At the same time, there may be scope to increase non-oil revenues by revising customs duties as well as introducing or raising excise taxes.
The authorities should also explore options to diversify the creditors base for increasing financing availability. Monetary financing of the deficit should be avoided as it could fuel inflation, drain FX reserves, and weaken the CBI’s balance sheet.
More broadly, a sizable fiscal consolidation is needed to mitigate macro-fiscal risks, ensure debt sustainability, and rebuild fiscal buffers. On the revenue side, besides customs duties and excise taxes, there is scope to gradually reform personal income tax by limiting exemptions and increasing rates.
Strengthening tax administration—through digitalization, improved enforcement, and better collection—is essential. A more effective tax administration should allow for eventually introducing a general sales tax.
On the spending side, curbing current expenditures, particularly via comprehensive wage bill reforms, limiting mandatory hiring, and adopting attrition rule, would yield significant savings. Recent efforts to better target the public distribution system are welcome, but there is scope to further improve targeting and eventually shift to cash-based social safety nets.
Finally, it is urgent to reform the public pension system through raising the retirement age and reducing both the accrual and replacement rates is needed to enhance its sustainability.
Implementing these reforms would also create fiscal space to increase capital spending. Expanding non-oil investment, especially in trade and transportation infrastructure should help economic diversification.
Substantial investments are also required to modernize the electricity sector and develop natural gas resources, both of which are essential for improving energy security and reducing dependence on gas imports. Improved procurement, public financial management, and corruption control would enhance the effectiveness of any additional public investment.
Further efforts are needed to mop up excess liquidity in order to improve monetary policy transmission. While the CBI has made progress in absorbing excess liquidity, additional adjustments could enhance the effectiveness of the framework.
Key measures include increasing the issuance of CB-bills, focusing on the short maturity (14-day) at the policy rate, revising size limits on individual banks’ bids, and improving liquidity forecasting tools and practices. To safeguard its balance sheet and preserve credibility, the CBI should continue to avoid financing the government deficit.
The mission commended the CBI for the successful transition to the new trade finance system. Trade finance is now fully processed by commercial banks through their correspondent banking relationships. This has also supported the recent decline in the spread between the official and parallel market exchange rates.
Nonetheless, further efforts are needed to further reduce the spread, including by imposing Iraqi dinar usage for car and real estate transactions, improving customs controls to curb smuggling, and simplifying FX access.
While initial steps to reform state-owned banks are encouraging, broader efforts are needed to strengthen the financial sector. The restructuring plan for state-owned banks should be finalized without delay, encompassing treatment of non-performing loans, and recapitalization needs.
In parallel, the mission welcomed progress in digitalization and the authorities’ intention to undertake a comprehensive banking sector overhaul. Reforms should include enhancing corporate governance, digital infrastructure, and cybersecurity, while promoting a stronger role for private banks.
Efforts to enhance AML/CFT measures by tackling the deficiencies identified in the MENAFATF Mutual Evaluation report should continue.
Chronic power shortages, electricity losses and excessive tariff subsidization continue to weigh on the economy. Addressing inefficiencies in the electricity sector is important for fiscal sustainability and improving productivity. In 2024, distribution losses reached 55 percent, driven by theft and illegal connections, leading to significant financial losses.
The authorities are deploying smart meters and have introduced other measures to enhance billing and collection. However, progress should be accelerated. Once collection substantially improves, achieving cost recovery will also require electricity tariff increases, with carefully calibrated subsidies targeted to low-income users.
Recent disruptions in electricity imports from Iran further underscore the need for diversified supply and the development of gas projects.
Combating corruption and governance weaknesses is imperative to support economic development. Steps taken in the implementation and upgrade of the national anticorruption strategy and the improvements in corruption perception indices are positive developments. However, corruption remains a significant hurdle for growth.
Strengthening accountability frameworks for the operation of state-owned and private enterprises in the oil, electricity and construction sectors is critical, and thorough compliance with Extractives Industries Transparency Initiative standards and the enactment of the law on Transparency and Access to Information should be prioritized.
Additionally, aligning anticorruption legal frameworks with international covenants and best practice, and strengthening the independence of the judiciary are essential for effective enforcement and for the protection of economic rights.
A comprehensive structural reform agenda is essential to unlock growth potential. The mission estimates that a comprehensive set of reforms covering the labor market, business regulation, the financial sector and governance could double non-oil potential GDP growth over the medium term.
On labor market, priorities include increasing labor force participation, particularly among women, by improving female education and further reducing barriers to their work and mobility, and reforming public sector hiring, which distort labor markets and reduce productivity.
Efforts to better align skills with labor market needs should intensify. More generally, simplifying regulations and reducing bureaucratic impediments in e.g. business registration or tax administration should increase participation in the formal economy and help private sector development.
The mission would like to thank the Iraqi authorities and various stakeholders for their excellent hospitality and cooperation and candid discussions during the mission.
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: Mayada Ghazala
Phone: +1 202 623-7100Email: MEDIA@IMF.org
https://www.imf.org/en/News/Articles/2025/05/15/mcs-iraq-concluding-statement-of-the-2025-imf-article-iv-mission?cid=em-COM-123-50132
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Thursday Evening 5-15-25
Good Evening Dinar Recaps,
Trump’s Crypto Ties Pose Challenge for Stablecoin Legislation, Says Coinbase Exec
📍 Coinbase legal chief Paul Grewal says President Trump’s growing presence in crypto adds “a certain level of challenge” to bipartisan progress on digital asset legislation.
As the U.S. Senate prepares for another vote on the GENIUS Act — a stablecoin-focused bill aimed at regulating the digital dollar landscape — Coinbase Chief Legal Officer Paul Grewal has flagged President Donald Trump’s personal ventures into crypto as a complicating factor in building bipartisan consensus.
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Trump’s Crypto Ties Pose Challenge for Stablecoin Legislation, Says Coinbase Exec
📍 Coinbase legal chief Paul Grewal says President Trump’s growing presence in crypto adds “a certain level of challenge” to bipartisan progress on digital asset legislation.
As the U.S. Senate prepares for another vote on the GENIUS Act — a stablecoin-focused bill aimed at regulating the digital dollar landscape — Coinbase Chief Legal Officer Paul Grewal has flagged President Donald Trump’s personal ventures into crypto as a complicating factor in building bipartisan consensus.
Speaking at the Consensus conference in Toronto on May 15, Grewal acknowledged that recent political tensions and concerns from both parties, especially Democrats, are slowing progress.
“The discussion around the president's support for a certain memecoin or two and other efforts does add a certain level of challenge to the effort to get Democrats and Republicans aligned,” Grewal noted. Still, he expressed confidence that both chambers of Congress would “sort all that out.”
🏛️ GENIUS Act Still Moving Forward
Despite the friction, lawmakers remain poised to vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in the coming days.
Recent reports suggest that Democrats were able to secure key revisions to the bill that include:
Consumer protection enhancements
Anti-Money Laundering (AML) safeguards
National security provisions
Senator Kirsten Gillibrand (D-NY), one of the bill’s original sponsors, previously confirmed that language directly referencing Trump’s crypto ventures — including World Liberty Financial and the USD1 stablecoin — had been removed to help revive bipartisan support.
⚖️ Crypto Politics and Regulatory Headwinds
President Trump’s increasing crypto footprint — including meme coins, a stablecoin project, and a mining company — has triggered strong reactions on Capitol Hill. Prominent Democrats such as Senator Elizabeth Warren have pointed to these ventures as potential ethical hazards.
Grewal acknowledged that political entanglements may delay efforts to develop a comprehensive regulatory framework for stablecoins and the broader crypto market but emphasized that legislative momentum is still building.
“We’re going to learn a lot in the next few days about the appetite in Congress to move forward,” he said.
🧱 What’s Next?
After stablecoins, attention may shift toward a crypto market structure bill currently under review in the House. That bill builds on the FIT21 Act passed in 2024 and could face similar partisan scrutiny tied to “Trump’s crypto corruption,” according to some Democratic representatives.
Still, Grewal and other industry leaders are hopeful that the recent adjustments to the GENIUS Act will unlock further bipartisan cooperation as crypto regulation becomes a key legislative issue heading into the 2026 midterm elections.
@ Newshounds News™
🔗 Source: Cointelegraph
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Central Bank of Russia Ranks Bitcoin as Top Global Investment Since 2022
📊 Bitcoin outpaces gold, stocks, and bonds with a 121.3% return, according to the Russian central bank.
In a move that underscores Bitcoin’s rising credibility on the world stage, the Central Bank of Russia has officially recognized Bitcoin as the top-performing global investment since 2022.
A new report from the bank shows that Bitcoin delivered:
38% returns over the past 12 months
121.3% cumulative return since 2022
This places it well ahead of traditional assets such as:
Gold
Equities
Bonds
The S&P 500 index
📉 Volatility Still a Factor
While Bitcoin outperformed all other assets, the Russian central bank also acknowledged its short-term volatility. Between January and April 2025, Bitcoin experienced a drop of 18.6%, underperforming most other asset classes.
The only assets that fared worse during this stretch were:
Dollar-denominated savings
The S&P 500
However, Bitcoin rebounded strongly in April, posting an 11.2% monthly gain, once again pulling ahead in the global investment race.
🚀 From Speculative to Strategic
The report highlights Bitcoin’s evolution from a speculative asset to a serious contender in global investment portfolios. Since 2022, Bitcoin has surged from under $20,000 to nearly $110,000, driven by:
Institutional adoption
Regulatory milestones
Approval of spot BTC ETFs in the U.S. and Hong Kong
Even political factors are fueling this growth. President Donald Trump’s pro-crypto shift has added momentum to Bitcoin’s narrative as a strategic reserve asset.
🌍 Global Recognition and Adoption
Countries and companies alike are responding:
Ukraine and Kyrgyzstan are exploring digital assets at the national level.
Financial giants like Cantor Fitzgerald are integrating crypto strategies into broader financial operations.
Bitcoin is increasingly being viewed as:
A hedge against macroeconomic risk
A tool for expanding global financial access
A potential long-term store of value, despite volatility
🔍 Summary
The Central Bank of Russia’s findings place Bitcoin squarely in the spotlight—not just as a volatile crypto asset but as a top-tier global investment with increasing legitimacy across the financial world.
@ Newshounds News™
🔗 Source: CryptoSlate
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