News, Rumors and Opinions Monday 5-19-2025
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 Mon. 19 May 2025
Compiled Mon. 19 May 2025 12:01 am EST by Judy Byington
What We Think We Know as of Mon. 19 May 2025:
On Liberation Day Wed. 2 April 2025 President Trump (allegedly) abolished the IRS (Internal Revenue Service) and launched the ERS (External Revenue Service), designed to tax foreign powers, not the American People – who were now (allegedly free from income tax forever. The projected revenue from tariffs alone was $700 billion annually – enough to run the federal government without touching your paycheck.
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 Mon. 19 May 2025
Compiled Mon. 19 May 2025 12:01 am EST by Judy Byington
What We Think We Know as of Mon. 19 May 2025:
On Liberation Day Wed. 2 April 2025 President Trump (allegedly) abolished the IRS (Internal Revenue Service) and launched the ERS (External Revenue Service), designed to tax foreign powers, not the American People – who were now (allegedly free from income tax forever. The projected revenue from tariffs alone was $700 billion annually – enough to run the federal government without touching your paycheck.
Global Currency Reset:
On Sun. 11 May 2025 Ginger confirmed:
Liquidity is happening with the big groups.
Massive movement with the bigger groups coming – imminent (days) for Zim bonds Tier 3 beginning last Tuesday.
Things are actually happening. She has the rate but won’t say what it is.
A person she knows received their payment already.
The timetable is moving to Monday and Tuesday this week.
Zurich is exchanging worldwide.
Liquidity is upon us lol
The World Court verified 2-3 weeks ago that everything will be tax free.
Tier 3 bond holders were receiving their contracts and payments being received this week.
Tier 4 on the heels of that.
Seven unconnected sources dealing in different areas of this all say it’s going to be a Manic Monday on the bonds.
It’s all coming together.
CMKX members say they don’t have theirs yet but it could go into their accounts within a 24 hour period.
Another source (whale) received funds today and Ginger will wait for them to announce it. Not sure if it was their advance money or the 1%.
When Tier 4B received notifications, the Tier 3 will receive the balance of their funds.
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Sat. 17 May 2025: GLOBAL FINANCIAL EMERGENCY! GLOBAL CURRENCY RESET IS HERE! …Nesara Gesara QFS on Telegram
The world is on the brink of a catastrophic financial collapse! The Global Currency Reset (GCR), NESARA GESARA, and the Quantum Financial System (QFS) are no longer whispers in the dark. The storm is here, and the elites are scrambling to contain the fallout before the truth reaches YOU!
The Black Swan event is unfolding before our eyes! The world’s top economies are INSOLVENT! The U.S., Canada, Europe, Japan, Israel, the U.K., Taiwan, Australia, and New Zealand CANNOT sustain their debt any longer. The financial system is crumbling, and a monumental shift is coming that will change everything!
THE GREAT RESET VS. THE PEOPLE’S RESET! They want you distracted while they rewrite the financial order behind closed doors. But here’s the TRUTH: The QFS is set to replace the corrupt banking system that has enslaved us for centuries! This system, rumored to be gold-backed and fully decentralized, will eliminate the central banks and their criminal grip on global finance.
The elites know they are running out of time. They NEED the crash to happen on THEIR terms. They NEED you to be unprepared. But we see through their deception!
THE EMERGENCY BROADCAST SYSTEM (EBS) IS COMING! In the midst of this chaos, the EBS is primed for activation! Why? Because when the markets implode, when the banks fail, when the truth about NESARA GESARA is finally revealed, the world will enter a new era of financial sovereignty!
We are at the point of no return. The Federal Reserve is dead. The IMF is scrambling. The dollar is collapsing, and the fiat money system is burning to the ground. What will rise from the ashes? A fair, asset-backed system that restores power to the people!
WHAT YOU NEED TO DO NOW! Get cash in hand before bank closures hit!
Exit fiat currency NOW – gold, silver, and cryptos (XRP, XLM, XDC) will be the new financial foundation!
Read full post here: https://dinarchronicles.com/2025/05/19/restored-republic-via-a-gcr-update-as-of-may-19-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: "SWIFT AND THE US FEDERAL RESERVE PUT IRAQ AT THE MERCY OF THE GLOBAL ECONOMY" Quote: "Iraq has become more vulnerable to global economic shocks due to its increasing connection to the international financial system" WOW!...Although this may seem like a negative statement this is actually an all-telling concept in just where Iraq now stands in the global arena. If they are going to go international with their currency there will be vulnerability. They are no longer isolated and under the sanctioned post-war process so of course they are going to be more “vulnerable to global economic shocks”. I also believe this is setting the stage for the IQD for a future float, which comes only with the new basket of currency for a new peg.
5-18-2025 Intel Guru Frank26 The National Investment Company [In Iraq] is telling hundreds of nations to come into Iraq to invest at 1310 - Obviously not! ...They're investing because they know the truth...It's another solid piece of evidence to everyone that studies the Iraqi dinar that a new exchange rate with purchasing power is about to be revealed because the shadow of this new exchange rate is being revealed on a daily basis.
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IMF Sounds the Alarm: Gold’s True Value Is About to Be Unleashed – Andy Schectman
Money Magnates: 5-18-2025
The international monetary system is undergoing a profound transformation as countries increasingly seek alternatives to the U.S. dollar.
Driven by geopolitical tensions, expanding Western sanctions, and a growing push for economic sovereignty, this global shift—commonly known as de-dollarization—is accelerating.
At the heart of this movement is gold, which is reclaiming its historic role as a trusted store of value amid rising uncertainty in global markets.
The U.S. Money Reserve, one of the largest private distributors of government-issued precious metals, has highlighted this trend, emphasizing gold’s growing importance as a pillar of financial security.
Since the 2010 financial crisis, central banks have added over 7,900 metric tons of gold to their reserves. In 2024 alone, official gold reserves grew by 1,045 metric tons—marking the third consecutive year that central bank gold purchases have surpassed 1,000 metric tons.
This sustained accumulation signals a clear strategic shift away from fiat currencies toward hard assets.
Iraq Economic News And Points To Ponder Monday Morning 5-19-25
Internal And External Factors...The Reasons For The Dollar's Decline In The Local Market
Buratha News Agency1092025-05-18 Economist Safwan Qusay confirmed on Sunday that the decline in the value of the dollar in the informal market is the result of a combination of several internal and external factors, most notably recent developments in Syria and the banking reforms initiated by the Iraqi government.
Qusay said in a press interview that "the value of the dollar in the informal market was affected by recent events in Syria, as Damascus was within the circle of prohibited transfers. However, the lifting of sanctions and the reversal of transactions towards Syrian markets contributed to reducing demand for the dollar in the informal market."
Internal And External Factors...The Reasons For The Dollar's Decline In The Local Market
Buratha News Agency1092025-05-18 Economist Safwan Qusay confirmed on Sunday that the decline in the value of the dollar in the informal market is the result of a combination of several internal and external factors, most notably recent developments in Syria and the banking reforms initiated by the Iraqi government.
Qusay said in a press interview that "the value of the dollar in the informal market was affected by recent events in Syria, as Damascus was within the circle of prohibited transfers. However, the lifting of sanctions and the reversal of transactions towards Syrian markets contributed to reducing demand for the dollar in the informal market."
He added, "Lebanese markets, which had previously refrained from direct dealings with Iraqi banks, have recently begun dealing directly with them, which has also been reflected in a decline in demand for dollars on the parallel market."
Qusay explained that "the banking reforms initiated by the Iraqi government in cooperation with Oliver Wyman, which included opening windows for international correspondents and expanding the scope of investigation into entities requesting dollars from the informal market, helped to organize their affairs and shift them toward dealing with official banks and benefiting from the official exchange rate of 1,320 dinars to the dollar."
He pointed out that "most traders are hesitant about imports due to the ongoing trade war between Russia and the European Union on the one hand, and the United States and China on the other, in addition to the mutual tariffs, which in turn have contributed to a decline in demand for the dollar."
The economic expert noted that "the upcoming understandings regarding reciprocal taxes between the United States and China will positively impact the price of a barrel of oil, leading to a further decline in demand for the dollar in the informal market."
He emphasized that "these measures, which represent a combination of government reforms and international variables, have helped reduce the value of the dollar in the informal market, alongside the decline in the dollar's global price due to the US administration's desire to repay its $36 trillion foreign debt with a weak dollar. This also depends on the US Federal Reserve's renewal policy and interest rates." https://burathanews.com/arabic/economic/460279
Stability Of The Dollar Exchange Rate In Local Markets
Economy | 10:42 - 05/18/2025 Mawazine News - Baghdad - The exchange rate of the US dollar against the Iraqi dinar witnessed stability in local markets.
The dollar exchange rate on the Al-Kifah and Al-Harithiya stock exchanges in Baghdad reached 142,450 Iraqi dinars for every $100, after recording 142,400 dinars for every $100 yesterday, Saturday.
The exchange rates at money exchange shops in local markets in Baghdad stabilized, with the selling price reaching 143,500 dinars for every $100, while the buying price reached 141,500 dinars for every $100.
On February 7, 2022, the Council of Ministers announced its approval to adjust the dollar exchange rate to 1,320 dinars for one dollar. https://www.mawazin.net/Details.aspx?jimare=261614
Iraq Is Not Among The Largest Holders Of US Bonds.
Sunday, May 18, 2025 1:26 PM | Economic Number of reads: 258 Baghdad / NINA / The US Treasury Department announced, on Sunday, that the total holdings of US bonds by countries around the world during the current year exceeded $9 trillion.
The Treasury said in a table for the year 2025, that "the holdings of US bonds by countries around the world amounted to $9 trillion and 50 billion."
It indicated that "Japan is considered the largest holder of US bonds, with $1.13 trillion, followed by the United Kingdom, then China, the Cayman Islands fourth, and then Canada."
In the Arab world, Saudi Arabia and the UAE were among the top twenty countries in terms of holding US bonds, as Saudi Arabia's holdings amounted to $131 billion, and the UAE's $111 billion.
According to the US Department's table, Iraq did not make it to the top twenty list, despite its presence in 2023 with holdings amounting to $32.6 billion.
It's worth noting that Saudi Arabia was the only Arab country on the list of the largest holders of US bonds for 2024, ranking 17th with holdings of $137.5 billion. / End https://ninanews.com/Website/News/Details?key=1227651
Gold Prices Stabilize In Local Markets
Economy | 01:16 - 05/18/2025 Mawazine News - Baghdad - Gold prices, both foreign and Iraqi, witnessed stability in the local markets of the capital, Baghdad, on Sunday.
Gold prices in the wholesale markets on Al-Nahr Street in Baghdad recorded this morning a selling price for one mithqal of 21-karat Gulf, Turkish and European gold at 635,000 dinars, while the purchase price reached 631,000 dinars, the same prices recorded yesterday, Saturday.
The selling price of one mithqal of 21-karat Iraqi gold reached 605,000 dinars, while the purchase price reached 601,000 dinars.
As for gold prices in jewelers' shops, the selling price of one mithqal of 21-karat Gulf gold ranged between 640,000 and 650,000 dinars, while the selling price of one mithqal of Iraqi gold ranged between 605,000 and 615,000 dinars. https://www.mawazin.net/Details.aspx?jimare=261622
Iraq's Crude Oil Exports To The US Declined Last Week
Sunday, May 18, 2025 Economic Number of reads: 303 Baghdad / NINA / The US Energy Information Administration announced, on Sunday, a decrease in Iraqi exports to America during the past week.
The administration stated in a table, "The average US imports of crude oil during the past week from ten major countries amounted to 5.365 million barrels per day, an increase of 96 thousand barrels per day compared to the previous week, which amounted to 5.269 million barrels per day."
It added that "the average of Iraqi oil exports to America amounted to 152 thousand barrels per day, a decrease of 77 thousand barrels per day compared to the previous week, which amounted to 229 thousand barrels per day."
The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Brazil, Saudi Arabia, and then Mexico. "
According to the table, "the amount of US imports of crude oil continued from Nigeria, Ecuador, Venezuela, Colombia, and Libya." / End https://ninanews.com/Website/News/Details?key=1227601
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Monday Morning 5-19-25
Good Morning Dinar Recaps,
TRUMP CONGRATULATES REPUBLICANS AFTER ‘BIG BEAUTIFUL BILL’ PASSES HOUSE PANEL
President Donald Trump praised House Republicans after a narrow but pivotal vote late Sunday night advanced what he called the “One Big Beautiful Bill Act,” containing many of his top legislative priorities.
“CONGRATULATIONS REPUBLICANS!!!” the president posted on Truth Social just before 1 a.m. Monday. “MAKE AMERICA GREAT AGAIN!!!”
Good Morning Dinar Recaps,
TRUMP CONGRATULATES REPUBLICANS AFTER ‘BIG BEAUTIFUL BILL’ PASSES HOUSE PANEL
President Donald Trump praised House Republicans after a narrow but pivotal vote late Sunday night advanced what he called the “One Big Beautiful Bill Act,” containing many of his top legislative priorities.
“CONGRATULATIONS REPUBLICANS!!!” the president posted on Truth Social just before 1 a.m. Monday. “MAKE AMERICA GREAT AGAIN!!!”
The House Budget Committee voted 17-16 in a rare late-night session to move the bill forward. The proposed legislation aims to:
Extend Trump’s 2017 tax cuts
Boost immigration enforcement funding
Cut spending on select social programs
House Republicans had spent the previous week negotiating details, particularly around spending cuts and the bill’s potential impact on the long-term national debt.
Notably, four GOP members who had previously blocked the bill’s advancement — Reps. Ralph Norman (S.C.), Chip Roy (Texas), Andrew Clyde (Ga.), and Josh Brecheen (Okla.) — shifted their stance and voted present, allowing the bill to proceed.
Speaker Mike Johnson (R-La.) said the process is far from over, stating the House will continue refining the measure as it moves to the Rules Committee:
“There’s a lot more work to do, we’ve always acknowledged that towards the end there will be more details to iron out, we have several more to take care of,” Johnson told reporters.
@ Newshounds News™
Source: The Hill
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DUBAI REGULATOR SETS COMPLIANCE DEADLINE FOR UPDATED CRYPTO RULES
Dubai’s Virtual Assets Regulatory Authority (VARA) has issued Version 2.0 of its activity-based Rulebooks, giving all licensed virtual asset service providers (VASPs) until June 19, 2025, to comply. The updated framework aims to strengthen market integrity, standardize regulatory terms, and enhance risk management across the digital asset ecosystem.
The revised rules, announced on May 19, tighten oversight for key activities including margin trading, token distribution, brokerage, custody, exchange, lending and borrowing, virtual asset management, and transfer and settlement services. VARA has harmonized compliance obligations across these areas, reducing ambiguity and streamlining operational expectations for VASPs.
Among the most notable updates are enhanced supervisory mechanisms and clearer definitions of core concepts such as “client assets,” “qualified custodians,” and “collateral requirements.” VARA also aligned disclosure obligations where service categories overlap, aiming to ease cross-functional compliance.
Margin trading regulations have been specifically tightened. Leverage thresholds have been reduced, and VASPs are now subject to stricter collateralization standards and real-time monitoring obligations. These measures are designed to curb systemic risks associated with overleveraged trading, particularly in volatile markets.
The new Rulebooks also introduce a dedicated section on token distribution. This includes clear licensing prerequisites, investor protection requirements, and robust marketing restrictions—especially for retail-facing offers—intended to align with global regulatory standards.
A VARA spokesperson emphasized that the updates aim to close observed regulatory gaps and create a consistent, secure environment for virtual asset activity in Dubai.
VASPs must comply within the 30-day transition period to avoid penalties. VARA’s supervisory team will be engaging directly with regulated firms to facilitate the transition and ensure readiness by the June 19 deadline.
@ Newshounds News™
Source: CoinTelegraph
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BRICS: 5 COUNTRIES PAY 93% OF TRADE IN NATIONAL CURRENCIES
BRICS member Russia is advancing the de-dollarization agenda, convincing economic alliances to settle trade payments in national currencies instead of the US dollar. In the latest move, Russia confirmed that 93% of cross-border payments within the Eurasian Economic Union (EAEU) are now settled in national currencies.
This significant shift reflects a growing global trend away from the U.S. dollar as the dominant medium for international trade. After BRICS, several other economic alliances are following suit, putting further pressure on the dollar’s global reserve status. Emerging economies are asserting greater control over the global financial order, independently of Western influence.
BRICS: Eurasian Economic Union (EAEU) Sidelines the US Dollar
The EAEU alliance consists of five countries: Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. In 2015, only 70% of the bloc’s trade was conducted in national currencies. A decade later, that figure has climbed to a record 93%, reflecting a steady transition fueled by BRICS-inspired monetary strategies.
“If in 2015 the share of the ruble and other national currencies was about 70% in settlements with our partners in the EAEU, then by the end of last year we reached a record 93%,”
— Dmitry Volvach, Russian Deputy Minister of Economic Development
Russia has extended the BRICS ideology to the EAEU, pushing national currencies ahead of the US dollar in global trade. Today, BRICS, CIS, SCO, GCC, ASEAN, and EAEU are increasingly transacting in their own currencies, significantly reducing reliance on the dollar.
No Force—Only Incentives to De-Dollarize
Volvach stressed that no nation was coerced into de-dollarization. Instead, the transition was driven by practical benefits and national interests:
“It is impossible to artificially force participants in foreign economic activity to switch to one currency. This is a good foundation for further growth,”
— Dmitry Volvach
BRICS and EAEU now stand at the forefront of de-dollarization, marking a pivotal moment where national currencies gain global relevance over the long-dominant U.S. dollar.
@ Newshounds News™
Source: Watcher Guru
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“Tidbits From TNT” Monday Morning 5-19-2025
TNT:
Tishwash: Trump's visit to the Gulf: Will it open the door to investment in the Kurdistan Region?
US President Donald Trump's visit to several Gulf states has raised questions about its political and economic impact on the Kurdistan Region, given the region's well-known positive relationship with Gulf capitals and its close ties with Washington on development and security issues.
In this context, researcher and political analyst Yassin Aziz told Baghdad Today on Sunday (May 18, 2025) that "Trump's visit has significant repercussions for the entire region, including Iraq. Since the Kurdistan Region is part of Iraq, the region—although it has constitutionally granted special status—remains bound by the public interests and frameworks set by Iraqi foreign policy."
TNT:
Tishwash: Trump's visit to the Gulf: Will it open the door to investment in the Kurdistan Region?
US President Donald Trump's visit to several Gulf states has raised questions about its political and economic impact on the Kurdistan Region, given the region's well-known positive relationship with Gulf capitals and its close ties with Washington on development and security issues.
In this context, researcher and political analyst Yassin Aziz told Baghdad Today on Sunday (May 18, 2025) that "Trump's visit has significant repercussions for the entire region, including Iraq. Since the Kurdistan Region is part of Iraq, the region—although it has constitutionally granted special status—remains bound by the public interests and frameworks set by Iraqi foreign policy."
The Gulf and the region: a stable partnership and open prospects
Aziz adds that "the region's relations with the Arab Gulf states have been distinguished and positive for a long time, particularly with pivotal countries such as Saudi Arabia, the UAE, Qatar, and even the rest of the Gulf states," noting that "these countries already have investments in the region, and there is ongoing economic activity, although the ambition is for it to expand further in the coming period."
He believes that Trump's visit to the Gulf states "could be a catalyst" in this direction, as it reshapes the region's economic priorities and could create a new climate that encourages Gulf states to increase their investment engagement in safe and stable regions such as the Kurdistan Region.
Washington - Gulf - Erbil... a triangle of intersecting interests
In response to the possibility of competition between Gulf and American investments in the region, Aziz ruled out this proposal, asserting that "each party has its own perspective, and Gulf state investments do not come at the expense of foreign companies, but may complement them." He emphasized that "the Kurdistan Region is viewed by the Gulf as a stable model, suitable for investment, due to the availability of security and supportive laws."
The open opportunity... when will it become a reality?
Aziz concluded his remarks by emphasizing that "Trump's visit to the Gulf will not negatively impact the relationship between Erbil and the Gulf capitals, but may contribute to accelerating economic cooperation between them, within an environment that encourages multilateral partnerships."
He believed that "the next phase may witness greater openness by Gulf companies towards the region, driven by external political encouragement and a domestic desire to develop non-oil sectors." link
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Tishwash: During the Baghdad Summit, Iraq prepares to present a modern economic vision, the outlines of which were drawn up by Sudani.
Iraq is preparing today, Saturday, to present a modern economic vision stemming from nationalist trends outlined by Prime Minister Mohammed Shia al-Sudani during the Arab Summit. Meanwhile, the presence of Arab leaders and monarchs in Baghdad marks a turning point in regional relations and consolidates Iraq's openness to its Arab surroundings.
The Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, said, "Iraq is preparing to present a modern economic vision stemming from national trends whose outlines were shaped by Sudan." He pointed out that, "This vision includes new partnership paths and advanced investment methods that are in line with the nature of the current economic phase and challenges."
Al-Najjar emphasized that "the presence of Arab leaders in Baghdad represents a turning point in regional cooperation relations and consolidates Iraq's openness to its Arab surroundings." He added that "the Iraq Development Fund today represents an attractive and diverse investment base capable of absorbing capital and companies seeking to enter the Iraqi market, which is characterized by its vastness and rapid growth." link
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Tishwash: Iraq's debt "very safe" below 33% of GDP
Iraq’s total public debt remains below 33% of the country’s gross domestic product (GDP), securing a low-risk standing in global credit rankings, an Iraqi official confirmed Friday.
Speaking to Shafaq News, Mazhar Mohammed Saleh, financial adviser to the prime minister, noted that Iraq wiped out nearly $100 billion in legacy foreign debt through the 2004 Paris Club agreement, most linked to pre-1990 conflicts under the former regime. The remaining debt was restructured over two decades, with the final installment—a $2.7 billion bond—due for full repayment by 2028.
During the war against ISIS, Iraq borrowed about $12 billion to support its national budget. The majority of these loans, especially those from the International Monetary Fund, have been repaid.
In the coming four years, Iraq must repay $9 billion in external debt. A similar amount, mainly from international development funds, is dedicated to rebuilding areas liberated from conflict. External debt currently represents roughly 8% of GDP, which Saleh described as “very safe.”
Domestic public debt totals 85 trillion Iraqi dinars (around $65 billion), with half held in the Central Bank of Iraq’s investment portfolio and the remainder mostly with state-owned banks or issued as bonds and treasury bills. Saleh attributed this accumulation to three significant downturns in oil revenues over recent years.
Internal debt, however, makes up about 25% of GDP. Combined with external obligations, Iraq’s total public debt stays below 33%—well under the widely accepted 60% threshold for sustainable debt levels.
Saleh also highlighted an unresolved $40 billion in debt dating to the Iran-Iraq war that remains unsettled despite the 2004 Paris Club deal. These “odious debts,” owed to eight countries, are expected to be written off by at least 80% under the agreement, pending verification. link
Mot: Ever Wonder Why (((Spring Cleaning))) - Takes sooo Long!!!??
Mot: ..... and Your Skill Level Is???
MilitiaMan & CREW: Iraq Dinar News Update-Arab Historic Summits of Success
MilitiaMan & CREW: Iraq Dinar News Update-Arab Historic Summits of Success
5-18-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & CREW: Iraq Dinar News Update-Arab Historic Summits of Success
5-18-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
More News, Rumors and Opinions Sunday PM 5-18-2025
Gold Telegraph: Major Gold Producers are Focusing on Acquisitions
5-17-2025
Gold Telegraph @GoldTelegraph
BREAKING NEWS: FEDERAL RESERVE TO SHRINK STAFF BY ABOUT 10% OVER NEXT SEVERAL YEARS
Am I dreaming?
“Fed Chair Jerome Powell informed staff of the move on Friday in a memo…”
Gold Telegraph: Major Gold Producers are Focusing on Acquisitions
5-17-2025
Gold Telegraph @GoldTelegraph
BREAKING NEWS: FEDERAL RESERVE TO SHRINK STAFF BY ABOUT 10% OVER NEXT SEVERAL YEARS
Am I dreaming?
“Fed Chair Jerome Powell informed staff of the move on Friday in a memo…”
BREAKING NEWS: MOODY’S DOWNGRADES UNITED STATES CREDIT RATING ON INCREASE IN GOVERNMENT DEBT
Gold…
“The U.S. is running a massive budget deficit as interest costs for Treasury debt continued to rise…”
China slashed its U.S. Treasury holdings in March. The UK is now the second-largest holder. The trend is very real. China is selling Treasuries and buying gold.
They say gold is boring. But I will take boring over watching the global debt market audition for a disaster movie. The script is still being written.
A top Chinese gold producer is quietly looking all over the globe… Looking to acquire real ounces while the world drowns in debt and digits. Major gold producers are focusing on acquisitions as they race to lock in ounces and replenish reserves. Only a matter of time…
Source(s): https://x.com/GoldTelegraph_/status/1923439962738807292
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TNT:
Louand DebNC: Moody’s Cuts US Government Credit Rating due to Deficits & Debt, Blames “Successive US Administrations and Congress”
US government kisses its last triple-A credit rating goodbye. Downgrade to “junk” would have been more appropriate?
The US government lost its last remaining triple-A credit rating late Friday, as Moody’s finally, after more than a decade of dithering, downgraded the government to Aa1, one notch below the top credit rating of Aaa.
The downgrade “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” Moody’s said in the announcement.
And it added:
“Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs. We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.”
And it warned:
“Persistent, large fiscal deficits will drive the government’s debt and interest burden higher. The US’ fiscal performance is likely to deteriorate relative to its own past and compared to other highly-rated sovereigns.”
It expects the federal deficits to reach “nearly 9% of GDP by 2035, up from 6.4% in 2024.”
Moody’s was the last of the three major US credit ratings agencies to cut the US government credit rating, years behind:
In 2011, S&P Global Ratings downgraded the US one notch to AA+
In 2023, Fitch Ratings downgraded the US one notch to AA+.
While reading Moody’s “ratings rationale,” one gets the impression that the US government should have been cut to a “junk” credit rating, maybe to a mid-level junk rating such as Ba3, to allow for some wriggle room either way (here is my cheat sheet for bond credit ratings by ratings agency
Not that these downgrades make a lot – or any – difference. For example. Moody’s rates Japan A1, that’s four notches below triple-A and three notches below the new and improved US credit rating, and so what. Nothing happened.
The problem arises when inflation comes along and the bond market gets spooked, and if the central bank tries to bail out the borrower, such as the Fed trying to bail out the US government, with bond purchases (QE) and interest-rate repression, while inflation is taking off, it could cause inflation to go completely out of control and spiral into the triple digits, such as it has done in Argentina and many other countries, by which time the own currency becomes kind of useless. Everyone knows this. So this is likely not going to be experimented with in the US.
Upon the news, the 10-year Treasury yield spiked in late trading all the way to high heaven, by something like, wait for it, 4 basis points, to a whopping 4.48%, about halfway back where it had been … yesterday.
It’s not until the bond market scares the bejesus out of Congress and the Administration that they will do anything serious about reducing the deficits.
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man ...The summit took place today. They talked about approvals...integration...a lot of different buzz words that show Iraq is ready for investment for the private sector. For that to happen we believe there's going to be an interconnectivity to the global financial system. They haven't done that at 1310. But they are expected to have a real effective exchange rate at some point in time.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Television says Syrian debts to the World Bank which is about $15.5 million was just paid off by Saudi Arabia and Qatar. Your president is gone but the shadow that he's casted over the Middle East is causing peace all over the place...
Mnt Goat ...one huge obstacle is still Iran and this issue must be resolved. Remember that the U.S. has to sign off on the reinstatement of the IQD to finalize the process...At this point it shows that goals have been accomplished and its time to reap the benefits.
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Gold Is the Plan: Central Banks Know It, Basel III Confirms It
Taylor Kenny: 5-18-2025
Why are central banks dumping U.S. Treasuries and buying record amounts of gold? This isn’t a reaction—it’s preparation.
As the financial elite reposition their portfolios with physical gold, everyday folks are left in the dark. Taylor Kenney explains how Basel III and global gold policies are reshaping the financial world—and what you can do to stay ahead.
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 5-18-25
Good Afternoon Dinar Recaps,
US COMPLETELY LOSES PERFECT CREDIT RATING FOR FIRST TIME IN OVER A CENTURY
Moody's Ratings downgraded the U.S. government's credit rating on Friday, citing repeated failures by successive administrations to control the country's growing debt. The agency lowered the rating from its highest grade, Aaa, to Aa1, noting that while the U.S. still benefits from key strengths—such as a dynamic economy and the global dominance of the U.S. dollar—its fiscal outlook has significantly deteriorated.
Good Afternoon Dinar Recaps,
US COMPLETELY LOSES PERFECT CREDIT RATING FOR FIRST TIME IN OVER A CENTURY
Moody's Ratings downgraded the U.S. government's credit rating on Friday, citing repeated failures by successive administrations to control the country's growing debt. The agency lowered the rating from its highest grade, Aaa, to Aa1, noting that while the U.S. still benefits from key strengths—such as a dynamic economy and the global dominance of the U.S. dollar—its fiscal outlook has significantly deteriorated.
Why It Matters
The shift means the United States no longer enjoys a fully stable top-tier rating from any major agency for the first time in more than 100 years. Moody's becomes the third and final major credit agency to reduce its assessment of the federal government's creditworthiness. Standard & Poor's made its first-ever downgrade in 2011, and Fitch Ratings followed in 2023.
What to Know
In its announcement, Moody's—led by chief economist Mark Zandi—projected the federal deficit will rise to nearly 9% of GDP by 2035, up from 6.4% in 2024, driven by:
mounting interest payments,
rising entitlement costs, and
sluggish revenue growth.
Moody's also warned that extending President Donald Trump's 2017 tax cuts—now a key priority for the Republican-led Congress—would add $4 trillion to the federal primary deficit over the next decade. Political gridlock remains a major obstacle to fiscal reform, with:
Republicans opposing tax increases, and
Democrats resisted spending cuts,
leaving little room for bipartisan solutions.
What to Know About the Three Major Credit Agencies
The three major credit rating agencies—Moody's Investors Service, S&P Global Ratings, and Fitch Ratings—play a critical role in assessing the creditworthiness of sovereign nations, including the United States. These agencies assign ratings that influence:
borrowing costs,
investor confidence, and
global economic perceptions.
A top-tier credit rating signals low risk, while a downgrade can lead to increased borrowing costs and financial instability.
Historically, the U.S. maintained a perfect credit rating from all three agencies for decades, reflecting the country's economic strength and political stability. That changed in 2011 when S&P downgraded the U.S. from AAA to AA+ following a contentious debt ceiling standoff. Fitch followed in 2023, citing fiscal deterioration and repeated political brinkmanship. Moody's had been the last to maintain a stable AAA rating—until now.
Moody's, founded in 1909, is the oldest of the three.
S&P, established in 1860, is known for its market indices and ratings.
Fitch, founded in 1914, is the smallest but still influential.
Together, these agencies hold immense sway over global finance, and their recent assessments of the U.S. reflect growing alarm over debt levels and political instability.
What People Are Saying
🔹 Democratic strategist Chris Jackson posted on X (formerly Twitter):
"BREAKING: In a stunning move, Moody's has downgraded the U.S. credit rating from Aaa to Aa1—for the first time in history. That's right: the only major credit agency that hadn't downgraded us under Trump just did. Who else enjoying all this 'economic winning' under Trump?"
🔹 Steven Cheung, assistant to President Trump and White House Director of Communications, replied:
"Mark Zandi, the economist for Moody's, is an Obama advisor and Clinton donor who has been a Never Trumper since 2016. Nobody takes his 'analysis' seriously. He has been proven wrong time and time again."
@ Newshounds News™
Source:
Newsweek – Moody’s Downgrades U.S. Credit Rating
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CHINA SELLS $19B IN U.S. TREASURIES AS TRADE WAR ESCALATES
Beijing Cuts Holdings Amid Tariff Tensions and U.S. Credit Concerns
China has significantly reduced its holdings of U.S. government debt, shedding $18.9 billion in Treasuries in March, according to newly released data from the U.S. Department of the Treasury. This move aligns with rising tensions in the ongoing U.S.–China trade conflict.
Sharp Drop in Holdings
China’s Treasury holdings fell to $765.4B in March, down from $784.3B in February.
This is one of the steepest monthly reductions in recent years.
China is now the third-largest U.S. debt holder, behind the U.K. and Japan.
This reduction comes amid growing speculation that China may use its U.S. debt holdings as a geopolitical tool—or to reduce risk as bilateral relations deteriorate.
Trade War Fueling Financial Maneuvers
China’s actions follow the U.S.'s aggressive tariff measures, which have escalated into what many now consider a de facto trade embargo, with tariffs exceeding 100% on some imports.
Chinese economist and former central bank adviser Yu Yongding commented:
“China must have a set of countermeasures through repeated scenario planning to safeguard the security of its overseas assets.”
Global Credit Concerns Deepen
China's debt selloff coincides with mounting concerns over the U.S.’s fiscal health:
Moody’s downgraded U.S. debt from ‘AAA’ to ‘Aa1’, citing unsustainable debt levels.
Interest payments and debt ratios are now “significantly higher than similarly rated sovereigns,” Moody’s warned.
Interestingly, China increased its U.S. Treasury holdings by $20B in February, despite the early tariff rounds. March’s reversal signals a shift in strategy as tensions spike.
@ Newshounds News™
Source: Full article on Bitcoin.com
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So... Now What?
So... Now What?
Notes From the Field By Simon Black (Simon Black) May 13, 2025
One of the most mysterious villains in the history of cinema was the fictitious character ‘Keyser Söze’ from the movie The Usual Suspects.
No spoilers here, but there’s a scene where they describe his rise in the criminal underworld. According to the story, Keyser Söze realized that “to be in power, you didn’t need guns or money or even numbers. You just needed the will to do what the other guy wouldn’t.”
So... Now What?
Notes From the Field By James Hickman (Simon Black) May 13, 2025
One of the most mysterious villains in the history of cinema was the fictitious character ‘Keyser Söze’ from the movie The Usual Suspects.
No spoilers here, but there’s a scene where they describe his rise in the criminal underworld. According to the story, Keyser Söze realized that “to be in power, you didn’t need guns or money or even numbers. You just needed the will to do what the other guy wouldn’t.”
I’ve written before that there may have been some grand strategy behind “Liberation Day”.
Perhaps the past several weeks were part of a deliberate effort by Donald Trump to prove that he has the will to do what nobody else (including China) would do… namely, cause a major worldwide recession that would even hurt his own country.
It’s possible that everything was part of a ‘Keyser Söze’ negotiation tactic-- as the movie goes, “to show those men of will what will really was...” And that maybe, just maybe, this was a masterclass in the Art of the Deal.
It’s also possible that none of those things is true, and instead the President is trying to undo the damage of his Liberation Day ‘unforced error’ before the US economy careens into recession.
Few people really know the truth. But what clearly is true is that there’s a level of economic excitement again that we haven’t seen since late February. The general consensus has flipped, practically overnight, and people once again believe that everything is going to be OK.
Investment banks and their chief economists immediately began boosting their economic growth forecasts and slashing the odds of a recession. The stock market roared with approval.
More importantly, there are serious catalysts on the horizon to potentially boost this momentum and economic optimism.
I’d expect that we’ll soon hear the administration start hyping up its “Big, Beautiful” tax cut legislation, alongside more bonanza infrastructure spending.
There’s also a supersized National Defense bill as a cherry on top.
All of that government money should almost certainly keep up the enthusiasm over the next few months.
Moreover, the President is-- at this very moment-- in the Middle East inking deals with Saudi Arabia, Qatar, and the United Arab Emirates. They’ll tout major investments in the US that are so large as to be unbelievable, like the UAE’s pledge of investing $1.4 trillion.
But it doesn’t matter if the numbers are real. It only matters that there’s enough hype to maintain the economic optimism.
There’s also the very real possibility of peace in Ukraine soon, which would likely create even greater lift for the stock market. Plus, energy markets would stabilize, likely benefiting consumers and helping keep prices down in the short-term.
With key inflation drivers (tariffs and war) out of the way, the Fed would have a pretty clear path to start cutting rates, as just about every major central bank in the world-- Europe, the UK, China, Canada, India, etc.-- has already done.
Frankly, it doesn’t even matter whether or not the Fed cuts rates. It only matters that markets believe the Fed is likely to do so; this perception alone should provide yet another buoyant short-term lift to asset prices.
All of that seems great-- higher asset prices, lower inflation, more trade, more prosperity. In fact, it almost sounds like that ‘New Golden Age’ we were promised in January.
There’s just one problem: spending is still out of control.
Just in the first six months of the fiscal year (which started October 1, 2024), the US budget deficit reached $1.3 trillion. And we can’t just blame Joe Biden; $600 billion of that $1.3 trillion deficit came since January.
In other words, despite all the DOGE efforts, despite all the hard talk on budget cuts and responsible spending, they’re on track to post an astonishing $2.5+ trillion budget deficit for Fiscal Year 2025.
Interest payments on the national debt are also skyrocketing. Last year’s interest bill was $1.15 trillion, and the Treasury Department already anticipates exceeding that amount this fiscal year.
Bottom line, absolutely nothing has changed with respect to budget deficits and irresponsible spending… and it’s important to be intellectually honest about that.
So even if the ‘economic war’ between the US and China is over-- and who knows if that’s really true-- the debt and deficit problem still poses a gargantuan risk to the US economy.
This matters, because reckless US spending was a key driver that pushed so many foreign governments and central banks to start diversifying their US dollar reserves back in 2023.
Sure, there were other factors which also caused a loss of confidence in the US-- including the humiliating withdrawal from Afghanistan, Joe Biden shaking hands with thin air, and 9% inflation.
But it is the US government’s inability to even acknowledge an obvious financial crisis of its own making-- let alone deal with it in a rational and professional manner-- that led foreign governments and central banks to start diversifying away from the US dollar.
Sadly, this trend has not changed.
So, again, perhaps Liberation Day is firmly in the rear-view mirror. Perhaps it was all a masterful ploy to push other countries to capitulate to America’s iron will. Perhaps the US economy may even be better off as a result…
But the real problem that America faces, i.e. overspending, is still a five-alarm fire. Congress and the White House may be ignoring it, but foreign governments and central banks are not.
So, while I expect a short-term pause over the next few months, Project “Find a New Global Reserve Currency” will likely restart in earnest later this year.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Wall Street is Completely Ignoring Silver’s Potential
Wall Street is Completely Ignoring Silver’s Potential
Liberty and Finance: 5-17-2025
The recent U.S. debt downgrade has sent ripples of unease throughout the financial world, and expert analyst Don Durrett believes it’s just the tip of the iceberg.
In a recent interview with Liberty and Finance, Durrett dives deep into the precarious future of gold and silver, painting a compelling picture of economic instability and a potential financial reset.
Wall Street is Completely Ignoring Silver’s Potential
Liberty and Finance: 5-17-2025
The recent U.S. debt downgrade has sent ripples of unease throughout the financial world, and expert analyst Don Durrett believes it’s just the tip of the iceberg.
In a recent interview with Liberty and Finance, Durrett dives deep into the precarious future of gold and silver, painting a compelling picture of economic instability and a potential financial reset.
His predictions are bold: gold soaring to $5,000 and silver breaking past $100, driven by a confluence of factors eroding the foundation of the current financial system.
Durrett doesn’t shy away from discussing the forces of economic manipulation at play. He argues that the persistent intervention in markets has created an artificial environment, masking underlying weaknesses and delaying the inevitable reckoning.
He also delves into the complexities of Triffin’s dilemma, highlighting the inherent contradictions in a system where a national currency also serves as the global reserve currency. This tension, he contends, contributes significantly to global economic imbalances and instability.
The bond market, a cornerstone of the modern financial system, is also under increasing strain, according to Durrett. Rising interest rates and inflationary pressures are jeopardizing its stability, potentially triggering a cascade of negative consequences for investors and the broader economy.
He emphasizes the importance of understanding these vulnerabilities and taking proactive steps to protect one’s wealth.
But amidst the concerns, Durrett offers a pathway to navigate the storm: precious metals, particularly silver. He makes a strong case for a fundamental economic reset, arguing that the current system is unsustainable in its present form.
He believes that gold and silver, traditionally seen as safe-haven assets, will play a crucial role in this transition, serving as a hedge against inflation and a store of value during periods of economic turmoil.
While gold is often touted as the ultimate safe haven, Durrett highlights silver’s unique potential. He points to its increasing industrial demand, particularly in green technologies like solar panels and electric vehicles.
This growing demand, coupled with a limited supply, could propel silver prices to levels unseen before. He positions silver not just as a store of value, but as a critical component of the future economy, further solidifying its position as a valuable asset.
The interview with Durrett serves as a stark warning about the challenges facing the global financial system.
He encourages investors to educate themselves, understand the forces at play, and consider diversifying their portfolios with precious metals.
While the predictions of $5,000 gold and $100 silver may seem ambitious, Durrett’s analysis provides a compelling rationale for their potential realization, driven by economic manipulation, systemic vulnerabilities, and the growing demand for silver in the new economy.
As the current system teeters, understanding the potential of precious metals, and particularly silver, might be crucial for navigating the uncertain times ahead.
News, Rumors and Opinions Sunday 5-18-2025
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.
Restored Republic via a GCR: Update as of May 18, 2025
Judy Note: There will not be an update sent out for Sunday, 18 May 2025, but wanted you to see this info from Wolverine:
Sat. 17 May 2025 Wolverine: First don’t shoot the messenger as I’m only a messenger and praying that this is 100%.
It looks like things are about to commence. We are hearing good things happening on the weekend.
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.
Restored Republic via a GCR: Update as of May 18, 2025
Judy Note: There will not be an update sent out for Sunday, 18 May 2025, but wanted you to see this info from Wolverine:
Sat. 17 May 2025 Wolverine: First don’t shoot the messenger as I’m only a messenger and praying that this is 100%.
It looks like things are about to commence. We are hearing good things happening on the weekend.
I have spoken to great sources: (1): Some said that today or tomorrow things are about to start with notifications as some also said payments as well. (2): Some private groups are about to start on Tuesday onwards. (3): Brazilian sources said that things are about to start on the 20th (Tuesday).
A Pentecostal leader has made a major announcement that she has given authority to release the funds to her three leaders and that they will receive their notifications this weekend. As soon as they receive those funds they will immediately start releasing those funds to their members.
I also received confidential news which I can’t share but it’s all GO GO GO.
We are hearing great news from Reno as well as a lot of whales are flying in.
The Japanese are happy as they’ll be fishing in Reno to catch some whales.
Let’s all remain in faith and patience as we are definitely close. God bless Wolverine
https://dinarchronicles.com/2025/05/18/restored-republic-via-a-gcr-update-as-of-may-18-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man If you're going to buy 160 jets...do all these different things for military or for businesses, invest in AI and all these different sorts of things, if your currency goes up and you're going to [buy] it in dollar terms, it costs them less Real, less Jordanian dinar or less Iraqi dinar to pay off all that stuff.
Frank26 FIREFLY: The television is saying that this summit that is occurring in Baghdad will attract over $30 billion in investments for Iraq. What's that going to do to our new exchange rate. :) We have Husani on TV also Channel One that this summit shows the whole world that Iraq is now safe and stable and secure to all the world. Just having this in Iraq is a victory. FRANK: That's the whole ball of wax...Give them security and stability and you've got the new exchange rate. Give me security and stability and you got the HCL.
BREAKING: IQD Dropped in Value; Iraq Hosts Arab Summit 2025 Iraqi Stock Market
Edu Matrix: 5-17-2025
BREAKING: IQD Dropped in Value; Iraq Hosts Arab Summit 2025 Iraqi Stock Market.
Iraq is hosting the Arab Summit for the first time in over a decade, marking a major step toward rebuilding its regional influence. This historic event in Baghdad highlights Iraq’s push for unity, diplomacy, and a stronger Arab future.
Also included is a report on the Iraqi Stock Market.
Iraq Economic News And Points To Ponder Sunday Morning 5-18-25
UN Secretary-General: We Are Pleased With The Positive Development Taking Place In Iraq
Reconstruction And Construction
Economy News – Baghdad UN Secretary-General António Guterres expressed his satisfaction on Saturday with the progress made by Iraq. While noting that the time is right to conclude the UNAMI mission in Iraq by the end of this year, which reflects the maturity of the Iraqi political process, he emphasized that the 34th Arab Summit is being held at a critical moment for the Middle East.
UN Secretary-General: We Are Pleased With The Positive Development Taking Place In Iraq
Reconstruction And Construction
Economy News – Baghdad UN Secretary-General António Guterres expressed his satisfaction on Saturday with the progress made by Iraq. While noting that the time is right to conclude the UNAMI mission in Iraq by the end of this year, which reflects the maturity of the Iraqi political process, he emphasized that the 34th Arab Summit is being held at a critical moment for the Middle East.
"I am pleased to be in Baghdad again to participate in the Arab League summit, at a crucial moment for the Middle East," Guterres said at a press conference on the sidelines of the Arab Summit in Baghdad, as monitored by Al-Eqtisad News.
He explained that "the ground is shifting beneath our feet, but these radical transformations are not natural forces, but rather the results of specific choices, and the solutions are in the hands of decision-makers."
He added that "these solutions must focus, first and foremost, on making the most of the region's enormous potential," adding: "We all know that the peoples of the Arab world aspire to a better future, and that there are demands for justice, dignity, and rights."
He pointed out that "in Lebanon, the ceasefire, territorial integrity, and adherence to international resolutions must be respected. As for Syria, the Syrian people yearn for a comprehensive political transition that heals national wounds and strengthens Syria's integration into the international community and economy, while also ensuring that the imposed sanctions are lifted."
He continued, "The situation in Gaza is beyond description. There is a blockade, starvation, and a violation of international law, and it must stop." He explained, "The collective punishment imposed on the Palestinian people cannot be justified."
He explained, "We need a permanent ceasefire and to ensure the free flow of humanitarian aid into Gaza."
Regarding the situation in Sudan, Guterres stressed, "Yesterday we held an important meeting with the Secretary-General of the League of Arab States and representatives of the African Union to continue coordinating peace initiatives in Sudan. We have unofficial representatives in Addis Ababa to facilitate coordination between the three mechanisms working towards a peaceful solution."
Regarding the Iraqi file, Guterres said, "I am pleased with the progress made by Iraq," stressing that "at the end of this year, the United Nations mission in Iraq will officially conclude, reflecting the maturity of the Iraqi political process."
He explained that "UN agencies will continue to work in Iraq to support development, organize elections, and provide technical support to the Iraqi government." https://economy-news.net/content.php?id=55555
Aboul Gheit: Iraq Is The First Country To Chair The Political And Economic Summits.
Money and Business Economy News – Baghdad Iraq is the first country to chair the political and economic summits https://economy-news.net/content.php?id=55559
The Iraqi Economy Supports Arab Economic Cooperation At The Arab Summit
Samir Al-Nusairi Economy News – Baghdad One of the most prominent topics on the table of Arab leaders at the Baghdad Summit is joint Arab economic cooperation.
The foundation and important pillar on which Iraq relies in discussing the mechanisms and programs of joint Arab economic cooperation and integration in the current circumstances is the stage of its transition to comprehensive economic reform and advancement and the bet on achieving sustainable development based on economic pillars that the economies of countries rely on,
which build their national economies on their own capabilities and in cooperation and integration with the economies of regional and neighboring countries in strong economic blocs and exploit their common resources and capabilities to form an independent economic pole to confront the risks and changes that occur and sweep the world, and that the Arab countries together may be an important and unified pole of economic and financial energies and resources.
By reviewing and analyzing the Iraqi economy's progress, preliminary indicators, and financial and monetary data for 2024 and the first quarter of 2025, we are expecting a strong and robust economy with GDP growth of 5.3% and an inflation rate of around 2.5% in 2025.
This is based on the availability of foreign exchange reserves exceeding $100 billion, with 163 tons of gold, sufficient for a period of 18 months and a rate of 140% to cover imports, and the local currency in circulation.
The local currency issued has reached around 100 trillion dinars, and our dinar is recovering and gradually returning to its target exchange rate against the US dollar. Our banks are developing, modernizing, and increasing their capital, contributing to the transition to a rapidly growing national economy and providing a promising investment environment and map that has attracted around $88 billion.
The giant strategic projects planned until 2028 confirm that Iraq is on the verge of a major economic renaissance. It is proceeding steadily in accordance with the government and Central Bank's strategy for reform, development, digital transformation, and compliance with international standards.
The number of Iraqi banks that have banking relationships and accounts in solid international correspondent banks and deal directly with them in foreign transfers has reached approximately 20 banks, and they deal in multiple foreign currencies with several countries.
The Central Bank is making great efforts to qualify, develop and assist other banks to join the twenty banks mentioned above.
With a close eye on the reality of monetary policy implementation and the Central Bank's procedures, its close monitoring of international economic variables and their impact on the Iraqi economy, and its compliance with international standards that enable Iraq to integrate into the global banking system and control the movement and safety of foreign currency trading, the banks' commitment to implementing the new foreign exchange instructions and addressing obstacles promptly has led to a gradual recovery of the Iraqi dinar over the past several weeks, with its purchasing power increasing.
Through our precise knowledge of the Central Bank's monetary policy applications, its coverage of the entire demand for the US dollar in the trading market and through its various official outlets, and its control over the distribution of cash dollars according to a new method praised by the US Treasury and considered a globally advanced method in distributing the US dollar, and the trend towards completing daily transactions with credit cards abroad, decisive understandings were reached with the US Treasury and the US Federal Reserve in In this field.
The next stage will be an evaluation and analysis stage of the achievements made and a re-evaluation of the next stage.
Towards achieving comprehensive economic progress, moving towards activating the real sector, and reducing dependence on oil. As a major source of revenue.
Maintaining stability in the financial and monetary system and achieving important steps to stimulate and enable the banking sector to contribute to investment and development, as stated in paragraph 7 of axis twelve in the government program for reforming the financial and banking sector, because banking reform is the beginning of comprehensive economic reform.
Certainly, the above-mentioned pillars upon which the Iraqi economy is based will ensure that Iraq's economic initiative at the Arab Summit will receive a positive response from the attendees, and we expect it to be approved. https://economy-news.net/content.php?id=55536
Basra Crude Records A Weekly Loss Of More Than 1%
Energy Economy News – Baghdad Basra Heavy and Medium crude oil recorded a weekly loss of more than 1%, as global oil prices gained on the back of a trade truce between Washington and Beijing.
Basra Heavy crude closed the final trading session on Friday, down 75 cents, reaching $60.49 per barrel, recording a weekly loss of 67 cents, or 1.1%.
Basra Medium crude closed down 57 cents, settling at $63.64, with a weekly loss of 67 cents, or 1.04%.
Globally, Brent crude and US West Texas Intermediate crude posted weekly gains of about 1%, supported by a temporary trade agreement between the United States and China to de-escalate the trade war for 90 days, including reciprocal tariff reductions, which boosted global market appetite. https://economy-news.net/content.php?id=55533
The Dollar Price Rose In Baghdad And Stabilized In Erbil As The Stock Exchange Closed At The Beginning Of The Week
Saturday, May 17, 2025, Economic Number of reads: 114 Baghdad/ NINA / The dollar prices rose slightly in Baghdad markets, and stabilized in Erbil Governorate with the closure of the stock exchange at the beginning of the week. The
dollar prices recorded a rise with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 142,450 dinars for $100, while this morning it recorded 142,400 dinars for $100.
Selling prices in exchange shops in local markets in Baghdad witnessed stability, as the selling price reached 143,500 dinars for $100, while the purchase price reached 141,500 for $100.
In Erbil, the dollar recorded stability, as the selling price reached 142,250 dinars for every $100, and the purchase price was 142,100 dinars for $100. https://ninanews.com/Website/News/Details?key=1227514
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/