Iraq Economic News And Points To Ponder Wednesday Afternoon 5-21-25

Iraq Facing Economic Challenges: IMF's Vision for 2025?

Bassam Raad  The International Monetary Fund (IMF) issued a concluding statement on May 15, 2025, addressing the economic situation in Iraq, highlighting the economic challenges facing the country and presenting a roadmap for urgent reforms aimed at achieving financial stability.

Current Economic Challenges: The Iraqi economy faces complex challenges ranging from slowing global growth, Trump's trade wars, accelerating global inflation, and declining oil prices, the primary source of revenue. Expansion in government spending (employment sector) is also widening the fiscal deficit and exacerbating the risk of reliance on oil as the primary source of revenue.

The challenges are not limited to public finances alone, but also include deteriorating infrastructure, a weak private sector, and a lack of investment in non-oil sectors. This is in addition to the fiscal deficit rising to 4.2% of GDP and a significant decline in the current account surplus.

This decline is a critical indicator that must be carefully considered, given that the current account is an important indicator of the health of the country's overall economy.

Outlook for 2025: The Fund expects economic growth to remain weak this year, with non-oil GDP slowing to 1%. The current account is also expected to deteriorate further, impacting foreign exchange reserves, which reached $100 billion at the end of 2024, covering more than a month of imports.

The future of the Iraqi economy: The International Monetary Fund believes that the future of the Iraqi economy depends largely on the government's ability to implement structural and financial reforms. Iraq possesses significant potential for economic growth, but realizing this potential requires taking concrete steps to implement a set of reforms proposed by the Fund.

The IMF statement emphasized the importance of cooperation between the Iraqi government and the IMF to implement these proposed reforms, which would contribute to improving the country's economic conditions.

 In conclusion, the IMF's vision is not merely recommendations, but rather an opportunity to redirect the Iraqi economy toward sustainability through strategic planning and effective implementation of the proposed economic and financial reforms.  https://economy-news.net/content.php?id=55676

 Stock Exchange  Economy News – Baghdad  The Exchange Rate Of The US Dollar Rose Against The Iraqi Dinar, This Wednesday Morning, In Baghdad Markets.

The dollar exchange rate rose on Baghdad's two main stock exchanges, Al-Kifah and Al-Harithiya, to 142,700 dinars per $100. On Tuesday, it reached 142,450 dinars per $100.

Selling prices at exchange offices in Baghdad's local markets rose, reaching 143,750 dinars for $100, and 141,750 dinars for $100.   https://economy-news.net/content.php?id=55670

The Permanent Council For Private Sector Development Is Examining Mechanisms To Enhance Its Role In The Iraqi Economy

Wednesday, May 21, 2025, 10:58 PM | Economic Number of reads: 149  Baghdad / NINA / The Permanent Council for Private Sector Development held its second consultative session on Wednesday evening at the Ministry of Planning. To discuss and follow up on the recommendations arising from the first meeting of the Council, including its working mechanisms and pivotal role in serving development in the country.

The Second Deputy of the Council, Abdullah Saleh Al-Jubouri, said that this is the second session, which is very important to establish work mechanisms and define the role of the Council by involving the Ministerial Council for Economy and the Council of Ministers and Representatives in correcting, amending and arranging everything related to the private sector in all its sectors, which represent (19) important sectors and include all economic activities carried out by the state.

Al-Jubouri stressed the need to develop the role of the private sector to lift a large burden off the shoulders of the rentier state, by having the private sector assume the responsibility of managing the wheel of the Iraqi economy at the present time to get out of the circle of the rentier state and seek to provide great job opportunities for various segments of society to achieve the development of the country.

For his part, the Prime Minister's Advisor, Dr. Hamoudi Abbas Al-Lami, explained: This session came to discuss issues related to the private sector and work on formulating and crystallizing them in order to present them to the Prime Minister.

Thus, transforming them into decisions that support this sector, which represents the solution to all problems, including providing job opportunities and addressing financial problems resulting from fluctuating oil prices and other issues that all countries are experiencing as a result of military and political developments and regional conflicts.

For his part, the Director General of the Department of Economic and Financial Policies at the Ministry of Planning, Dr. Sabah Jundi Mansour, indicated that the Council represents a vital platform for strengthening partnerships between the public and private sectors. He stressed that this partnership is an urgent necessity to drive sustainable economic development in Iraq and open new horizons for investment.

He stressed the need for our recommendations and decisions to be implementable and serve the country's development goals, thus promoting and developing the private sector.

The session, which was attended by the Secretary-General of the Council, Muhammad Al-Har, witnessed the participants presenting specialized sectoral papers that addressed the challenges and opportunities for developing the private sector in various fields, praising the role of the Ministry of Planning, its great support for the private sector, and its efforts to provide the best conditions for the Council's work. /End
https://ninanews.com/Website/News/Details?key=1228324

Minister Of Finance: Restructuring Government Banks Represents A Pivotal Step Toward Developing The Banking Sector

Economy | 05/21/2025  Mawazine News – Baghdad  Finance Minister Taif Sami affirmed on Wednesday that the restructuring of government banks represents a pivotal step towards developing the banking sector.

A statement from the ministry received by Mawazine News stated: “Minister of Finance Taif Sami chaired today a joint meeting of the administrations of Rafidain and Rashid Banks and representatives of Ernst & Young Consulting to follow up on the implementation stages of the government banks restructuring project.” The statement added that “the meeting discussed the progress made in reviewing and updating the internal regulations of the two banks in line with governance requirements, in addition to assessing the status of the banks’ foreign branches and ways to develop them and link them to the central administration.”

The statement explained that “the meeting also addressed updating data on credits, deposits, and clean assets, and implementing the comprehensive banking system in an increasing number of branches, in addition to reviewing plans to increase the capital of the two banks, studying the reality of investments, and assessing their financial feasibility.”

It continued, “The meeting also touched on following up on the legal aspects related to the restructuring process and the proposed amendments to the internal regulations to ensure their consistency with applicable banking laws and regulations.”

According to the statement, the minister stressed "the need to accelerate the pace of work and implement requirements according to the specified timetables," noting that "the restructuring of government banks represents a pivotal step toward developing the banking sector and raising its efficiency."

Sami called for "continued coordination between the two banks and the consulting body to ensure the completion of the requirements for institutional and administrative transformation."

https://www.mawazin.net/Details.aspx?jimare=261775

The Central Bank Reveals The Amount Of Its Financing For Clean Energy Projects

Banks   Economy News – Baghdad   The Central Bank of Iraq announced on Wednesday that it has begun granting banking licenses to support climate change, preserve the environment, and finance green projects. It also announced a donation of half a billion dinars to each brick factory to transition to clean energy, and 350 billion dinars to the urban afforestation initiative.

"Central banks are playing an increasing role today in supporting environmental improvement and developing the green economy as part of a global trend toward sustainability and addressing climate challenges," said Ali Al-Alaq, the bank's governor, during the first international conference on carbon economics in Iraq, as monitored by Al-Eqtisad News.

"In recent years, this trend has expanded significantly to include environmental and climate issues due to their impact on the macroeconomy and financial stability."

He added, "Our monetary policy is based on encouraging green financing, providing favorable financing terms for environmental projects, encouraging banks and financial institutions to disclose the discovery of these climate risks and ways to manage them, cooperating with other central banks through networks such as the Financial System Network to exchange knowledge and unify efforts, and integrating environmental risks into the banking sector and measuring their impact."

Al-Alaq continued, "I would like to highlight a number of initiatives undertaken by the Central Bank of Iraq as part of a series of innovative solutions and measures that contribute to mitigating immediate environmental challenges.

These include the Central Bank's presentation, in cooperation with the Higher Committee for Lending in the Council of Ministers, of a one-trillion-dinar initiative to shift from the use of traditional energy sources to renewable energy and reduce carbon emissions to achieve sustainable development."

He pointed out that "the loans granted to environmentally and sustainable projects under this initiative relate to waste recycling. These projects have already been funded, including the management of the palm cultivation project, the Abu Ghar fields in the Samawah desert, and the Green House project."

Al-Alaq explained, "We at the Central Bank have also worked in cooperation with the World Bank to develop a green financing model and adopt it as part of our approved financial sustainability roadmap for the years 2023-2029.

One of its outcomes is the development of a sustainable financing roadmap for managing environmental, social, and governance risks. By implementing these rules and practices, the banking sector will be the first to implement them to ensure that its activities do not harm the environment."

He added, "We have also begun granting specialized banking licenses to support climate action and environmental conservation through financing green projects, and work is underway to integrate these banks into the Iraqi banking ecosystem soon."

He announced that "the Central Bank of Iraq has implemented important projects, including the rehabilitation of brick factories to convert from polluting fuels, such as black oil, to clean fuels, such as liquid gas, to reduce carbon emissions, as these factories constitute a major source of environmental pollution, especially in the capital, Baghdad. We have allocated 500 million dinars for each factory that converts from polluting fuels to clean fuels."

Al-Alaq affirmed, "We also provided support to the Environmental Improvement Fund to combat air pollution, with an amount of one billion dinars, to contribute to the spread of green spaces and reduce polluting emissions.

The Central Bank also financed waste recycling projects within the framework of the Energy Initiative. Work is currently underway within these frameworks and procedures to help reduce soil pollution, especially in sanitary landfill areas, which represent a future environmental risk that will impact the type and quality of soil in housing, agricultural, and other projects."

The Central Bank Governor said, "We have also worked to finance various small agricultural projects within the framework of this bank's initiative, under the 'Afaq' programme, in partnership with the International Labour Organisation, the Iraqi Guarantee Company and private banks.

This funding amounted to approximately three billion dinars, specifically for forcibly displaced communities in the governorates of Nineveh and Dohuk."

He concluded by saying, "We would also like to point out that the Central Bank has donated and contributed approximately 350 billion dinars to the urban afforestation initiative, which contributes to developing the entrances to the governorates with green belts that act as barriers to dust and environmental pollutants and reduce desertification. We hereby declare our full readiness to provide further support in this regard."   https://economy-news.net/content.php?id=55674

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

Rich Dad Poor Dad Author Warns ‘The End Is Here’

Rich Dad Poor Dad Author Warns ‘The End Is Here’

Anushka Basu  Wed, May 21, 2025

Robert Kiyosaki, author of Rich Dad Poor Dad, posted an alarming warning on X on May 21, saying that "the end is here" after a U.S. Treasury bond auction that he said failed.

Kiyosaki has been a big proponent of Bitcoin, which is only 2.22% away from reaching its all-time high, now trading at $106,663.73, as per Kraken's price page.

Robert Kiyosaki  

@theRealKiyosaki

THE END is HERE: WHAT if you threw a party and no one showed up? That is what happened yesterday. The Fed held an auction for US Bonds and no one showed up. So the Fed quietly bought $50 billion of its own fake money with fake money. The party is over. Hyperinflation is here. Millions, young and old to be wiped out financially. Good news. Gold will go to $25,000. Silver to $70. Bitcoin to $500 k to $ 1 million. “The Big Print” the title of Larry Lepards latest book is on. Please read it. THE END I have been warning the world about is HERE. May GOd have mercy on our souls. 6:48 AM · May 21, 2025 ·976.5K  Views    https://finance.yahoo.com/news/rich-dad-poor-dad-author-155007276.html

Kiyosaki said the Federal Reserve was forced to buy $50 billion in bonds, which he called "fake money to buy fake money." On May 20, the Federal Reserve put out a $60 million auction claim, which will be issued on May 27, as per the Treasury offering news.

Kiyosaki, in his typically blunt style, warned that this action is the beginning of hyperinflation, leading to a financial collapse that will decimate millions. "The party is over," he wrote, adding that both young and old will be "wiped out financially."

However, Kiyosaki gave some hope to owners of hard assets, estimating that Bitcoin would soar to between $500,000 and $1 million, gold would hit $25,000, and silver would hit $70.

TO READ MORE: https://finance.yahoo.com/news/rich-dad-poor-dad-author-155007276.html

Final Melt-Up to S&P 8000 - Then an 80 % Crash

David Hunter WARNS: Final Melt-Up to S&P 8000 - Then an 80 % Crash

Wealthion:  5-21-2025

Contrarian macro strategist David Hunter delivers his boldest outlook yet: a final parabolic melt-up in stocks during 2025, capping a 43-year secular bull market, followed by what he calls the biggest deflationary bust since 1929.

In this must-watch interview with James Connor, Hunter predicts the S&P 500 surging to 8000 and the Dow to 55,000 before an 80 % collapse wipes out trillions.

Key points he explains:

Why the Fed is already behind the curve and will soon panic-cut rates

How bearish institutional positioning could fuel the melt-up

Signs we may already be in a recession

Why the coming global bust could dwarf 2008

How a $20 trillion Fed balance-sheet expansion could spark hyperinflation later in the 2030s

Why the next bull market should favor commodities, oil, and precious metals over tech

Also discussed: his targets of $ 20,000 gold, $500 silver, $500 oil, and why traditional index investing may be “dead money” for a generation.

Chapters:

1:12 - Buy the Bounce or Sell the Surge?

3:27 - What Could Propel the S&P to 8 000?

6:31 - Can Markets Soar While the Economy Sinks?

8:40 - Is the Fed Already Behind the Curve?

 11:19 - How Severe Could the Coming Slowdown Be?

16:41 - The Two-Speed Economy: Haves vs Have-Nots

20:47 - Will Unemployment Hit Double Digits?

28:14 - Could GDP Plunge Like 1932 Again?

35:08 - Canada’s Real-Estate Risk & Global Fallout

40:47 - Bubble Fever: Speculation on Steroids

49:47 - The Biggest “If” in Hunter’s Forecast

52:01 - Haircut Inflation & the Commodity Supercycle

 55:05 - Can You Outsmart a Deflationary Bust?

https://www.youtube.com/watch?v=vQS844n8nC4

More News, Rumors and Opinions Wednesday PM 5-21-2025

KTFA:

Clare:  2025 Budget: Government Advisor Outlines Spending Priorities and Plans to Address Trillion-Dollar Deficit

5/21/2025

The Prime Minister's financial and economic advisor, Mazhar Mohammed Salih, revealed important details related to the budget for the remainder of 2025 and the impact of global economic variables on the oil market.

 In a press statement, Salih confirmed that "Iraq was able to sell its oil until the end of the first quarter of 2025 at an average price of $75 per barrel, which exceeds the price specified in the general budget law of $70."

He pointed to the paradox witnessed by the global oil market, as the OPEC+ group recently lifted its restrictions on member states' production, driven by a decline in global oil inventories. However, this increase coincided with the escalation of the trade war between the United States and China, and the subsequent imposition of customs tariffs, which produced signs of a recession in the global economy.

Salih explained that a 1% decline in economic growth leads to a half-percent decline in demand for crude oil and vice versa, noting that this has created a "downward oil asset cycle."

Regarding the Iraqi general budget for the rest of 2025, Salih indicated that it will operate according to the principle of "fiscal space," which is based on flexibility in controlling public expenditures. He emphasized that priority in spending will be given to government salaries and wages, pensions, and social welfare, which affect the lives of eight million Iraqis. He also stressed the need to continue Spending on infrastructure projects remains uninterrupted, as they are linked to the government's development and reform agenda.

Saleh noted that the budget includes a hypothetical maximum borrowing limit of 64 trillion Iraqi dinars (about $1.5 trillion) to cover the deficit gap, out of an upper ceiling of 200 trillion dinars. He emphasized that the Ministry of Finance will borrow to finance the project when needed.  LINK

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Clare:  Maximizing non-oil revenues by up to 60%... Expert identifies what Iraq needs

5/21/2025 

Economic expert Safwan Qusay confirmed that the percentage of non-oil revenue maximization in Iraq has reached 60%, while pointing to the country's need to expand sources of income and achieve economic independence through long-term support for the agriculture, industry, and trade sectors.

During his appearance on the "Free Talk" program on Al Furat TV, Qusay said, "There are clear indicators of the success of the government program, especially in the field of localizing the pharmaceutical industry and the cement sector." He pointed out that "the government seeks, through achieving food security, to break the link with foreign imports and meet citizens' needs through local production."

He explained that "the ration card components represent a top priority in the government's program, and there is a move to strengthen them internally, especially after the agricultural plan helped identify the regions with the highest productivity, allowing the water file to be managed for the benefit of these regions."

Qusay pointed out that "Iraq has 26 million acres of arable land, but it lacks 50 billion cubic meters of water annually to cover these areas." He explained that "the amount of rainwater is currently wasted, as it goes directly to the Gulf without being utilized, while a $15 billion contract has been signed with the United States to manage the water issue."

He stressed that "Iraqi agricultural products are of a distinct nature," calling for "expanding exports, reducing imports, and increasing local production, with the need to involve farmers as shareholders in specialized agricultural companies to ensure better results and enter the global market with clear plans."

He added that "the Ministry of Trade must expand the economic sphere through long-term commercial contracts with specialized international companies, which will enhance Iraq's chances of building a sustainable economy."

On the financial front, the expert noted that "Iraq remains outside the World Trade Organization and imports the equivalent of $70 billion annually," stressing the "need to intensify investigations into new sources of income to protect the gross domestic product."

Qusay concluded his remarks by stating that "the government is serious about generating revenue from all sectors as part of a future development plan," noting that "financial reforms and Syria's exit from the black market have contributed to reducing pressure on the dollar," predicting that "its price will continue to decline to 132,000 dinars per $100."

Wafaa Al-Fatlawi   LINK

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

Frank26   Question:  "Won't the black market get away when they raise the rate?"  No!  The black market will be annihilated.  There won't be a need for the black market.  The black market is there because they're trying to rip off the Iraqi citizens.  Once you have an established exchange rate, no.  1310 is not established.  It's a program rate.

Militia Man   Article quote:  "We are expecting a strong and robust economy with GDP growth of 5.3%...The giant strategic projects planned through 2028 confirm Iraq is on the verge of a major economic renaissance."  That is a big increase...

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Good News Iraq's $87B Investment Boom

Edu Matrix:  5-20-2025

Iraq is experiencing a remarkable $87 billion surge in foreign investment, showcasing enhanced global confidence in its economy!

At the recent Tehran Dialogue Forum, Foreign Minister Fuad Hussein highlighted Iraq's commitment to being a regional peace mediator while supporting Syria's sovereignty. With ambitious plans in natural gas, petrochemicals, tourism, the Development Road Project, and agriculture, Iraq aims for full domestic gas production by 2028.

This investment boom not only strengthens Iraq's economy but also plays a crucial role in increasing the value of the Iraqi Dinar (IQD). Join us as we explore how Iraq is rising economically and diplomatically!

https://www.youtube.com/watch?v=6d1Dp-Mz9NI

Bruce’s Big Call Dinar Intel Tuesday Night 5-20-25

Bruce’s Big Call Dinar Intel Tuesday Night 5-20-25   

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Tuesday, May the 20th, and you're listening to the big call. Thanks for tuning in, everybody. We're glad that Bob is back in the studio now and we're ready to go with tonight's call all refreshed and ready. And I hope you guys are ready too.

Let's talk about Intel. Let's start with Sue reminded me that Henry had had a question for about trusts, and do we need a trust when we go to the redemption center. All right, here's the story on that - it's good if you have a trust already that you could put your accounts underneath, sort of like use the trust name as your umbrella, your account names or your account, your bank accounts, your LLC bank accounts, if you use LLC, that's the structure I'm using for LLCs underneath my trust banner, and then my bank accounts will show up underneath each one of the LLC  accounts with their own LLC name. Now that's how I've done it,  I set it up with a trusted attorney, a very good friend of mine, and that's how we set it up.

Now, what if you don’t have a trust? If you don't have a trust, there was discussion, before in the old days, also in the old days, that they would help provide you with a skeleton trust. I don't think they're going to have time at the redemption center in 30 to 40 minutes, but they are available through the premier bankers at Wells Fargo to do that for you very soon after you do your Exchange, and they can take these accounts that you've set up.

Now, your quantum account probably, I actually don't know the answer this. I don't know if the quantum account would be set up underneath your trust. It could be, I think, but all of your bank accounts will would be. So the answer, Henry is best if you have a trust, if you have time and you have a trust attorney or someone who's really good at estate planning, those guys sometimes do trusts.

And then you need to have that set up as well. I've got a trust and a living will, which is you know, if something were to happen where I wasn't able to function, or was, you know, incapacitated you know, I've got somebody who take over

 In your trust of course, you name your trustees, which you can be one of. You can also name your beneficiaries, and you go on and successor trustees, successor beneficiaries, all of that stuff, you list out so you have some idea of who you have that you can trust and who you have as heirs, if you want heirs to have any of this money afterwards, should something happen to you

Now, so it's a good idea to do that and but you don't have to have a trust when you go in for your exchange and your redemption of zim.

Now they're going to want you to do it fairly quickly. I'd say within the first couple of weeks. You'd want to get something set up. Within the first couple of weeks. We're not going to speak anything negative on anybody. We're not going to say we're going to we hope we don't lose anybody. Of course, we hope not.

But, you know, things happen, so you want to protect yourself and these assets after you exchange. And, you know, I just think there's a whole lot like Sue was talking about for her class. It's going to start tomorrow night is, is that a lot of people are not quite up to speed on this, within the same family, and this is, this is amazing to me, how many people don't believe in it. Don't think it's ever going to happen. Don't understand it.

And you know what? It is difficult for people to see it. A lot of times, there are believers and non believers, there's wheat and chaff, and there are people that don't really see what it is that we see, or at least what I see, because I'm I'm in it every day, and I'm getting information most of the time every day that moves us further and further along.

So I would say, if you have an unbelieving spouse in this hang in there, you'll be able to say, I told you so, without saying I told you so to your spouse, and hopefully, you will cement that relationship  before  this goes and then if you've got, let's say you're an individual and you've got children that don't believe in it.

Let's say you're older and you've got adult children that really think you're nuts and really wonder, you know, just you know, when this goes they'll have an inheritance one day, you know, so comfort them with these words. You know, it's crazy. Guys. I know a lot of people are thinking, Man, when this happens, my unbelieving husband is thinking, I'm nuts for doing this, and I'm out of here.

Well, do your best to stay in the marriage, if you can do your best to just reconcile and make everything work again, and go back and get back to your first love. And hopefully you can go on in life and and then you also have a situation of some people understand and know about the med beds like I do and Sue does, but other people it's new to them.

I have explained the med beds to a lot of doctors and medical people, nurses and so on. They get it and research holographic beds. And they come back and they talk, saying, Yeah, I looked it up, and you're right. Blah, blah, blah. Well, we know what they look like. We've got people that we know that, I know that have physically been there and seen them and not haven't gone in them yet.

But he's seen them, and he knows what they already described everything about it to me, so I'm familiar with it. I'm looking forward to it. So all I can say is, yeah, there is some division among the ranks in terms of who believes in this, who doesn't, and believes in this other, much less a Global Currency Reset that's taking place now with about 24 different currencies, and there's only going to be the one reset.

There's not going to be a first, second, third basket, like we heard initially, just the one basket, boom, and we had some extra countries that have come in. I told you about that, one of which was Syria, one of which is Korea, which is the WON north and south are going to end up merging as one nation. So you've got the WON, you've got Cambodia, obviously Vietnam, we know about that, also Myanmar, which was Burma at one time. They may go back to the name Burma, I don't know.

Point is, there are these countries, India is in the first basket with their rupee, not Indonesian Rupiah, but Indian rupee. So they're in too, you know, you've got 24 currencies. You guys know about five or six or seven of them, they're going to be major movers up in value, and those are the ones most of us have.

So let's look at it this way. Where are we right now? Where are we? We are in a position where we had a certain number of banks in the United States that were not playing ball. They said they would connect to the quantum financial system.   And guess what? They lied.

Certain banks did not come to the party, and because of that, they were taken over, and now they're there, are being forced to be connected to the quantum financial system, and they have new addresses, new IPs, and basically they're being fixed over the last minute to be part of this. And these are smaller banks, tier four, tier three banks, tier four banks, regional banks, smaller banks that are going to be swallowed up by the Big Five -- Wells, Chase, Citi,  Bank of America, and Truist banks are going to pick up these, these renegade banks.

That's true here, and it's also true in Canada, so they're working on that as we speak. And rates were not up on the screens at the banks yesterday – redemption centers are not up today, but we believe that change probably over the next three days could be as early as tomorrow, but they should all come up with new rates and be reflective of what it is we're looking for over the next three days. That would be Wednesday, Thursday, Friday.

Now we should be where we think we should be for notifications and start of exchanges over the next three days, but I heard a couple of sources say it could extend out as far as Sunday morning. So I'm not looking forward to a Friday or a Saturday or even a Sunday start at all. I'm looking for something Wednesday, Thursday, Friday, but realize it's possible that we get delayed until the weekend, and then I know memorial day is Monday.

Nothing's going to happen on Monday Memorial Day, I don't think ----- unless we get started sooner, if we get sooner, then we might go right through and include Monday Memorial Day as an exchange day could be with limited hours. Who knows? Too hard to say that yet, -- But I’m hoping that we get some real positive response in the next three days and get our numbers, they're locked and loaded in the system, that part is ready.

All they need to do is flip the switch and kick them out to us, and then we'll go get those emails, set our appointments and go –

Now as backup, because they don't have everybody's email probably by now they have everybody that bought currency through a legitimate dealer or eBay or something like that, because they have their emails, because you had to give your email when you bought it, so they have it all loaded in.

But if you change your email recently, or something happened like that, and they don't have a current email for you, we're going to try to keep you informed by putting the toll free number for the call centers, which goes for setting up an appointment at the redemption center.

Okay? Why is the redemption center? Because you're redeeming Zimbabwe dollars. If you don't have Zim, you still should use the redemption center, because some of the rates are going to be higher, like I mentioned on dinar, when you use the redemption center, as opposed to a bank.

And banks will not be handling the Zim, not at first, maybe after a month, Wells Fargo and maybe some of the other tier one banks can handle Zim. I believe it's just Wells Fargo that will handle it after the redemption center is closed. Okay, so we'll see when we get started. Obviously, we need the toll free number to set the appointment. Then we're golden -  we've gone over 50% of the way there once we have the number and set our appointment,

Then it's a matter of showing up, remembering your currency, remembering your photo ID, you know, remembering your presentation if you've done one, to leave as a leave behind piece with them, no more than three pages, one page, two page, maximum, three. It's not a business plan. You're not leaving 100 page business plan.

You're just literally giving them an outline of what it is you intend to do as a humanitarian. If that's your goal, and I think that's a goal for a lot of people that are listening to the big call, if speak to the other calls, because we don't know if you're listening to somebody else and you're not listening to the big call, then you know you're in a different game all together .

I think most of the people are listening to this call, or they're reading the call notes, and they're getting the information that we're saying. So everything is coming together for those banks that are not with the program, now they're getting with the program under new ownership. Okay, that's good, and now we can move forward.

Did it slow us down? Yeah, I think it did at least one or two days, and hopefully that's all. We will see how it goes. You know, we're getting towards the end of the month, and I think their idea is to let this go before the weekend. We're just going to have to wait it out. We've waited this long. We can wait until it pops.

 All right, let's see what else am I going to talk about tonight.

So we looks like something could happen as early as tomorrow through Friday, the next 72 hours, to get rates to populate all the way back up like they want them. Banks are being lined up, squared away, and otherwise I'll say this, let's look forward to having a call Thursday. Don't know if it'll be a celebration call. Maybe it will, but if you haven't registered your email on big called universe.com do that, because that's the way that we'll be able to get in touch with you.

When we get the number, we will send an email out with the toll free number, the 800 number on it, so you'll have it in your email, and we'll vet the number to make sure it's the good number before it goes out. Now that's one thing that's pretty important.

Some people think that the bank is the way to go.  I can tell you the redemption centers that are run by Wells Fargo in the United States is the way to go. Redemption centers will give you better service on your they're much more schooled on the quantum accounts. They know what's going on with the zim. They know they have a contract rate on dinar.

In other words, there's just a lot more that. And you'll also get a Q phone, a satellite phone, for free when you go through as a Zim holder. Zim holders get those, and who knows what else, you'll guide a list of perks or benefits from the bank, things that you can accept and say, I'd like to take that, or that or that, you can just make a choice on some things that are supposed to not cost you anything, just it'll be free to you as a perk for for signing up and being a person who has an account with that bank.

So we'll see how they go. We'll see, I know interest rates are going to be very good on what they'll pay us that we have in our actual bank accounts. It's changed a lot. So I'm not going to give you the retail up. It's been down, it's been higher. It's all over the place.

Even I'm just literally going to get that paid every quarter, quarter after quarter, year after year, and and just try to do the best we can invest in people’s lives. When I say invest, I mean in people's lives, in projects, in rebuild America, in rebuild international, you know, the veterans retreat network, in the pastoral retreat network, you know. So all those four projects, those are my main four projects right there.

That's going to be plenty to keep me occupied and and hopefully many of you that want to help volunteer in some of those areas, so I'll let you know. So give us sign up with your email. If you haven't done it already, sign up. That's all you do, and that way. So we can send you updates on podcasts that I might do. I might do some solo I might do one with Bob. Might do one with Sue and Bob. We'll have to see what happens.

Okay, after this goes and then those will be podcasts, because we won't be doing live calls on the big call after this.   Well, good night, everybody. God bless you. We'll see you Thursday.

Bruce’s Big Call Dinar Intel Tuesday Night 5-20-25 REPLAY LINK   Intel Begins   1:11:00

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Bruce’s Big Call Dinar Intel Thursday Night 5-15-25 REPLAY LINK   Intel begins   1:02:30

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Bruce’s Big Call Dinar Intel Tuesday Night 5-13-25 REPLAY LINK   Intel Begins   1:01:01

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Bruce’s Big Call Dinar Intel Thursday Night 5-8-25 REPLAY LINK   Intel begins   1:02:40

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

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 Bruce’s Big Call Dinar Intel Thursday Night 5-1-25 REPLAY LINK   Intel begins   57:07

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

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Bruce’s Big Call Dinar Intel Thursday Night 4-24-25 REPLAY LINK   Intel begins   1:06:06

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

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

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 5-21-25

Good Afternoon Dinar Recaps,

XRP NEWS: RIPPLE LAWSUIT IS NOT CLOSED, FORMER SEC LAWYER HINTS ‘BIGGER ISSUE’

▪️ Legal experts clarify Ripple-SEC lawsuit is not over; Judge Torres denied motions due to procedural errors.

▪️ False online claims spark confusion; attorneys warn XRP community to avoid premature conclusions about the case status.

There’s been a lot of chatter online lately about the status of the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). While some legal experts following the case closely believe it might take a few more months before a final verdict is reached, misleading claims and rumours continue to spread on social media.

Recently, a user named Altcoin Bale posted on X, claiming that the case was already closed, banks were quietly buying XRP, and retail investors would soon be priced out. But this statement didn’t sit well with pro-XRP attorney Bill Morgan, who has been actively tracking the lawsuit.

Bill quickly responded, saying, “FFS the case is not closed, or did you miss the news last week about an unsuccessful motion for an indicative ruling and an Appeal and Cross-appeal in abeyance but not over.”

Another user replied to Bill, saying that the case had hit a procedural snag because both Ripple and the SEC submitted a dismissal request using the wrong form. According to them, this technical error led the judge to reject it.

However, former SEC lawyer Marc Fagel stepped in, clarifying that the situation was far more serious than just a simple paperwork issue. “That is not an accurate description at all. It’s a far bigger issue than that,” he commented.

Bill Morgan, expressing his frustration, remarked, “The XRP community don’t want to listen. They want to hear ‘case closed, XRP to the moon.’”

So What Actually Happened?

For the unversed, here’s what actually happened: Judge Analisa Torres denied both parties’ motions for an indicative ruling. In simple terms, the judge stated that if the court’s jurisdiction were restored, she would deny the motion as it was filed under the wrong procedural rule.

This means Ripple and the SEC will likely have to refile the motion correctly, and possibly plead their case once again.

While XRP supporters are eagerly awaiting good news, it’s clear from the legal experts’ comments that the lawsuit is still ongoing — and there are a few more legal hurdles to clear before any final outcome.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

BRICS: US HITS INDIA WHERE IT HURTS THEM THE MOST: REMITTANCE TAX

US President Donald Trump is looking to hit BRICS member India where it hurts them the most — the remittance tax. The new tax proposal by House Republicans could impact a significant number of Non-Resident Indians (NRIs), as the bill aims to levy a 5% tax on remittances sent to India from the US.

The bill was first introduced last Monday, where international transfers from non-citizens to BRICS country India will face a 5% tax. The bill, if passed, will affect workers who send money back to their families in India. The 5% tax will be used to help fund tax breaks and also tighten border security measures.

5% Remittance Tax Could Soon Hit BRICS Member India

Trump has publicly called the legislation “great” and “one big beautiful bill”, and is also ensuring that Republicans pass the legislation. The 5% tax on remittances to BRICS country India will potentially fund billions to the US Treasury.

The latest report highlights that Indian workers send close to $83 billion a year in remittances back to their families in India.

Therefore, a 5% tax could add close to $4.15 billion to the US Treasury if the new bill is passed. Currently, BRICS member India is the world’s top recipient of remittances.

If $100,000 is sent back home, then the IRS gets $5,000 through the remittance tax. Until 2025, remittance was never taxed in the US, making it a first-of-its-kind policy.

Legislation Timeline and Enforcement

The House Republicans aim to pass the bill on Memorial Day, May 26, 2025. Lawmakers hope to get the law signed and roll into action by July 4, Independence Day.

Every financial institution and money transfer service will be tasked to collect the 5% remittance tax for money going to BRICS member India.

The rule will have no limit, and every transfer, including both big and small, will be subject to taxes.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Thank you Dinar Recaps

Iraq News Posted by Clare at KTFA 5-21-2025

KTFA:

Clare:  Well-known companies show strong interest in Iraq

5/20/2025 - BAGHDAD

The National Investment Commission confirmed on Tuesday that "there is strong interest from well-known companies in Iraq."

"Iraq witnessed a significant influx of foreign investments over the past two years, exceeding $64 billion," said the head of the National Investment Commission, Haider Makiya, to the Iraqi News Agency - INA. 

This figure reflects the success of the investment planning that was completed in 2023. "We began to reap its fruits in 2024 and 2025," he noted.

He highlighted that "most of these investments belong to well-known companies operating directly within Iraq."

"The Prime Minister indicated in the Parliament the size of these investments, which exceed $60 to $63 billion," he pointed out.  LINK

Clare:  By the end of the year, Iraq will launch its first 250-megawatt solar power plant

5/21/2025

Minister Hayan Abdul-Ghani stated on Wednesday that the first solar-powered electricity generation plant in Iraq will be inaugurated by the end of 2025, stressing the ministry's commitment to implementing projects to stop the burning of associated gas and the resulting thermal emissions.

This came in a speech he delivered during the first international conference on carbon economics in Iraq, which was attended by a Shafaq News Agency correspondent in the capital, Baghdad.

In his speech, the minister said, "Iraq has realized the magnitude of the global climate challenge and the rapid economic and technological changes that are imposing themselves on the energy landscape."

He added, "Carbon emission reduction can be transformed into a real opportunity to attract financing and investment, and develop technology through carbon market mechanisms and carbon bonds." He added, "We have already taken steps in this direction, including paving the way for associated gas movement projects, achieving routine flaring by 2029, and preparing projects for carbon emission opportunities, through openness to international markets and bilateral cooperation with international partners."

Abdul Ghani also indicated that "the first solar-powered electricity generation station, with a capacity of 250 megawatts, will be inaugurated by the end of this year."

He continued, "We view carbon as an economic opportunity that can be transformed from an environmental tax into a financial economy through carbon investment, which will contribute to financing strategic projects without burdening the state's general budget."

The Oil Minister considered that "this conference represents an important link in the chain of national efforts aimed at building a low-carbon economy, enhancing Iraq's readiness to lead the way in climate leadership mechanisms in line with our commitments to the Paris Climate Agreement, and setting our ambitions to diversify sources of income."

He explained, "Under this agreement, Iraq was committed to reducing emissions by 2% by 2023, but we, the Ministry of Oil, were able to achieve more than this percentage with the first project implemented in Basra Governorate through the implementation of the first phase."

Abdul Ghani continued, "There are projects signed by the Ministry of Oil with several companies aimed at stopping gas flaring. Through these projects being implemented, greenhouse gas emissions will be reduced by more than 23%. This is almost ten times what Iraq committed to at the Paris Conference." LINK

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

Clare:  Al-Eidani urges British companies to invest in three areas in Basra

5/21/2025

Basra Governor Asaad Al-Eidani called on British companies on Wednesday to register their businesses in the province, particularly in the water, energy, and infrastructure projects .

Following a meeting with the British Ambassador to Iraq, Irfan Siddiq, Al-Eidani told Shafaq News Agency that "the meeting addressed strengthening the historical relations between the United Kingdom and Iraq, especially Basra Governorate," explaining that "a number of service issues that affect the lives of Basra citizens were discussed, including water, public services, and infrastructure ."

He added, "Basra's environment is now ripe for investment, and we invite British companies to register their businesses in the province and take advantage of the available opportunities, especially given their extensive experience and the trust they have in Basra ."

In turn, the British ambassador told the agency, "This is his first visit to Basra Governorate since assuming his post," expressing his "happiness to visit the city and see its conditions ."

He stressed that "Basra represents the country's economic engine, with many joint projects and initiatives between Britain and Iraq there ."

He added, "We look forward to supporting and following up on these projects, particularly in the water sector, as well as the energy and infrastructure sectors, which are among the priorities and needs of the people of Basra and Iraq in general ."

The ambassador explained that his last visit to Basra was in 2010, and today he noted significant progress in the security situation and stability witnessed in recent years, which encourages British companies to invest in the province and Iraq in general .

In a related development, Al-Eidani discussed with the UAE Ambassador to Iraq, Salem Issa Al-Zaabi, ways to enhance economic and trade cooperation between the province and the UAE, stressing the presence of promising opportunities that can be built upon in the coming period.

Al-Eidani told Shafaq News Agency, "Basra has deep-rooted historical and cultural ties with the Gulf Arab states, most notably the UAE," noting that "there are many commonalities and opportunities that can be leveraged to enhance joint cooperation in a way that serves the interests of both countries and peoples."

For his part, Ambassador Al Zaabi told the agency that he was "very happy with this visit and to see the landmarks and investment opportunities that the governorate offers." He added, "We see great potential for economic, investment, and trade cooperation, and we hope that this visit will mark the beginning of a new phase in relations between the UAE and Iraq, particularly with Basra."  LINK

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

Clare:  Minister of Finance: We are working to modernize regulations and enhance transparency and financial discipline.

5/21/2025 - Baghdad

Finance Minister Taif Sami confirmed on Tuesday that the ministry is working to modernize administrative and financial systems and enhance transparency and financial discipline, in line with the priorities of the government program and to consolidate economic stability.

The ministry said in a statement, seen by Al-Eqtisad News, that "Finance Minister Taif Sami received the economic team at the US Embassy in Baghdad to discuss ways of joint cooperation within the FSVC program to enhance economic and financial capabilities in Iraq."

The statement added that "the two sides discussed mechanisms to support the general budget and aspects of technical cooperation between the ministry and the US side in the areas of budget preparation and government accounting, through the program and performance budget implementation mechanism."

The Minister of Finance stressed - according to the statement - "the importance of benefiting from international expertise in supporting ongoing reforms," ​​noting that "the ministry is working to modernize administrative and financial systems, enhance transparency and financial discipline, in line with the priorities of the government program and consolidate economic stability."

The statement continued, "The US team expressed its readiness to provide technical and advisory support, especially in developing tools for preparing program and performance budgets, improving accounting systems, and developing financial information systems."

The statement concluded that "the two parties agreed to continue coordination and organize training workshops for ministry employees in a number of technical specialties, to support the implementation of best practices in public finance management and achieving sustainable development."  LINK

Clare: Iraq Facing Economic Challenges: IMF's Vision for 2025?

5/21/2025

The International Monetary Fund (IMF) issued a concluding statement on May 15, 2025, addressing the economic situation in Iraq, highlighting the economic challenges facing the country and presenting a roadmap for urgent reforms aimed at achieving financial stability.

Current Economic Challenges: The Iraqi economy faces complex challenges ranging from slowing global growth, Trump's trade wars, accelerating global inflation, and declining oil prices, the primary source of revenue. Expansion in government spending (employment sector) is also widening the fiscal deficit and exacerbating the risk of reliance on oil as the primary source of revenue.

The challenges are not limited to public finances alone, but also include deteriorating infrastructure, a weak private sector, and a lack of investment in non-oil sectors. This is in addition to the fiscal deficit rising to 4.2% of GDP and a significant decline in the current account surplus. This decline is a critical indicator that must be carefully considered, given that the current account is an important indicator of the health of the country's overall economy.

Outlook for 2025: The Fund expects economic growth to remain weak this year, with non-oil GDP slowing to 1%. The current account is also expected to deteriorate further, impacting foreign exchange reserves, which reached $100 billion at the end of 2024, covering more than a month of imports.

The future of the Iraqi economy: The International Monetary Fund believes that the future of the Iraqi economy depends largely on the government's ability to implement structural and financial reforms. Iraq possesses significant potential for economic growth, but realizing this potential requires taking concrete steps to implement a set of reforms proposed by the Fund.

The IMF statement emphasized the importance of cooperation between the Iraqi government and the IMF to implement these proposed reforms, which would contribute to improving the country's economic conditions. In conclusion, the IMF's vision is not merely recommendations, but rather an opportunity to redirect the Iraqi economy toward sustainability through strategic planning and effective implementation of the proposed economic and financial reforms.   LINK

Coffee with Zester and Andy Schnectman 5-21-2025

Coffee with Zester and Andy Schnectman   5-21-2025

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

No currency update sadly but coffee and world news and precious metals with Zester and Andy

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

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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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

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News, Rumors and Opinions Wednesday 5-21-2025

Warnings of a Mega Financial Crisis

The Old Pretender:   5-20-2025

Warnings of a mega financial crisis are coming from so many major official sources now (ECB, Japanese PM etc), but the public won’t take notice until it actually happens. However, governments cannot lie this time that “nobody saw it coming”.

WallStreetGold:  Japan's PM Ishiba warns: Financial crisis worse than Greece! 260% debt-to-GDP, aging population, shrinking workforce, stagnant economy, rising rates signal disaster. A default could tank U.S. Treasury markets, spike borrowing costs, and crash equities. Economic collapse looming!

With so many advance warnings of a mega financial crisis now being made (from the ECB, Japanese PM, etc etc), when it arrives, the career of any western politician who failed to warn voters will be ended, because this time, they will not be able to claim, “nobody saw it coming”.

QueenGiGi:  There's an analyst Leigh Goehring who has a pretty convincing theory that China is in the process of cornering the Silver market ! They're rapidly draining western vaults and accumulating above ground supply which will kill lbma and comex ! He believes the endgame is imminent !

Why are the western authorities letting this happen? Is it paradoxically because interfering with the manipulated paper market they created would be worse than its chaotic failure?

Almost 40% of respondents would bet their future on Basel III and the Rio Reset being nothing burgers, rather than take precautions by buying physical #gold and #silver before July.

TheOldPretender: 

Source(s):
https://x.com/Dioclet54046121/status/1924661447188951127

https://dinarchronicles.com/2025/05/20/the-old-pretender-warnings-of-a-mega-financial-crisis/

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

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

Mnt Goat  The TRUTH is the in-country RV and the Project to Delete the Zeros has not yet happened. The reinstatement back to FOREX has also not yet happened...If we look at all the VERY GOOD news today we can see the writing is on the wall. We are getting very near to this event.

Mnt Goat  ...the 34th Arab Summit held in Baghdad this past Saturday, May 17, 2025...was a pivotal moment in strengthening Iraq’s regional economic role and consolidating its position as one of the most prominent players in shaping the Arab development map, at a time when it has risen to fourth place in the Arab world in terms of gross domestic product by 2025. This is just yet another ride on the RV choo-choo that Iraq took to strengthen its position even more. If later they are going to present a dinar rate much higher than most, if not all middle eastern countries, they better be able to back it up.

COUNTERFEIT ZIMBABWE 50 TRILLION DOLLARS BANKNOTE

BankNote World :  5-20-2025

https://www.youtube.com/watch?v=49b4L0nbV-I

The Final Downgrade: Why the Dollar Collapse Just Became Inevitable

Taylor Kenny:  5-20-2025

The U.S. just lost its final AAA rating—and no one in power is talking about the real consequences. Rising interest rates, vanishing trust, and central banks dumping dollars for gold. What’s next?

https://www.youtube.com/watch?v=SJ3sKF4ie20

Iraq Economic News And Points To Ponder Wednesday Morning 5-21-25

Iraq Completes An Electronic Project To Monitor The Movement Of Petroleum Derivatives, Reducing Smuggling By 98%.
 
May 20, 2025  Baghdad/Iraq Observer follow-up   The Oil Products Distribution Company, affiliated with the Iraqi Ministry of Oil, has completed a strategic project to electronically monitor tanker movements using a GPRS-based tracking system, as part of a plan to automate the distribution sector and reduce smuggling.
 
The company's media director, Rafid Sadiq, told the Iraq Observer news agency, "The system allows tankers to be tracked from the moment they load fuel until it is unloaded, and provides precise electronic records that can be accessed at any time." 

He noted that  the project has been fully completed, with more than 28,000 government and private tankers now connected to the system.
 
He emphasized that this step represents a qualitative shift in the monitoring and distribution of petroleum products.
 
For his part, the Director General of the Energy Police Directorate, Major General Dhafer Al-Hussaini, explained that
 
"the police, in cooperation with the Ministry of Oil, have begun implementing the new system by installing tracking devices on tankers and linking them to a central operations room."  He explained that
 
the system enables relevant authorities to
 
     determine the tanker's route, the
     validity of documents, and the
     loading and unloading location,
 
which has helped expedite audit procedures and prevent forgery.   Al-Husseini confirmed that
 
80% of the country's tankers have been fitted with the devices,
10% have completed their procedures and are awaiting their turn, while the
remaining percentage is still in the process of being completed. He emphasized that
 
"no tanker will be allowed to load fuel without the tracking device."  He pointed out that
 
this system has contributed to a 98% reduction in petroleum product smuggling,
and no breaches were recorded in oil pipelines during April.
 
In a related development, Al-Husseini announced that the
 
Energy Police seized 103 vehicles in April,
closed five garages and smuggling sites, and
arrested 103 suspects who were referred to judicial authorities.
 
The total amount of fuel seized and returned to the state amounted to 3 million liters,
with protection provided to seven oil experts.    
https://observeriraq.net/العراق-ينجز-مشروعًا-إلكترونيًا-لمراق/   

Iraq And Turkey Prioritize Development Road; New Company With Public Share Offering Considered
 
 Iraq    Jawad  Al-Samarraie     May 18, 2025     190     Mohammed Najjar, Advisor to the Prime Minister and Executive Director of the Iraq Development Fund
 
Baghdad (IraqiNews.com) – The Development Road project has become a top shared priority for Iraq and Turkey,
with innovative implementation models under consideration, Mohammed Al-Najjar, PM’s Investment Advisor and Head of the Iraq Fund for Development, announced Sunday (May 18, 2025).
 
This follows PM Mohammed Shia Al Sudani’s recent high-level visit to Turkey.  Al-Najjar revealed an
 
MoU has been signed between the Iraq Fund for Development and the
Turkish Wealth Fund to kickstart projects along the route.
 
He emphasized Turkish President Erdoğan’s focus on the Iraqi fund’s role.
 
Iraq is exploring a “completely new framework” for the project, targeting 24,000-28,000 km.
 
One approach involves establishing a

state-owned Iraqi company,operating on private sector principles,
to develop the road,
with part of its shares potentially offered for public subscription to citizens.
 
Another option being studied is creating an

independent government authority to manage legal, technical, and customs aspects.
 
These plans aim to
 
      reduce bureaucracy,
     speed up development, and
     solidify Iraq’s role as a key regional economic and transit hub.    
  
https://www.iraqinews.com/iraq/iraq-development-road-new-company-public-shares/  

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 5-21-25

Good morning Dinar Recaps,

SHARK TANK’S KEVIN O’LEARY SLAMS SENATOR WARREN OVER GENIUS ACT: “UN-AMERICAN AND DANGEROUS”

▪️Kevin O’Leary blasts Elizabeth Warren for politicizing the GENIUS Act, calling her stance “un-American.”
▪️Warren opposes the bill over Trump-linked stablecoin ties and potential corruption loopholes.
▪️Despite the clash, the bipartisan GENIUS Act advances in the Senate, aiming to regulate stablecoins in the U.S.

Shark Tank investor and Canadian businessman Kevin O’Leary is firing back at Senator Elizabeth Warren over her opposition to the GENIUS Act – a bipartisan bill designed to regulate stablecoins in the United States.

O’Leary didn’t hold back, calling Warren’s stance “dangerous” and “un-American,” accusing her of blocking financial innovation by turning the bill into a political weapon against Donald Trump.

O’Leary: Warren Is Politicizing a Vital Crypto Bill

As crypto regulation becomes a bigger part of U.S. policy, O’Leary argues that Warren is distracting from the GENIUS Act’s core purpose. He says the bill is about modernizing the American financial system through properly regulated stablecoins – not about Trump or meme coins.

In a post on X, O’Leary stressed that the bill has nothing to do with Trump and warned that dragging politics into the conversation could hurt the country’s ability to lead in global finance.

According to him, the GENIUS Act is a step toward strengthening the U.S. dollar’s role in digital payments around the world. He believes Warren’s opposition risks slowing innovation and letting countries like China pull ahead in the race for financial dominance.

“This is about establishing the U.S. dollar as the default currency for global price discovery,”
O’Leary said, dismissing Warren’s claims as “completely deranged.”

Warren’s Opposition to the GENIUS Act

Senator Warren opposes the bill, citing its ties to a $2 billion MGX-Binance deal involving USD1, which is a Trump-linked stablecoin.

She cautions that exemptions for senior officials, including the president, could give birth to corruption, claiming the bill risks “greenlighting the grift.”

Warren argues that the bill could allow Trump to regulate his own financial product, undermining transparency and public trust.

GENIUS Act Moves Forward with Bipartisan Support

Despite Warren’s strong pushback, the GENIUS Act recently passed a key Senate hurdle. Several Democrats who were initially skeptical have now supported a revised version of the bill.

The bipartisan support signals growing momentum for establishing clear regulations for stablecoins – something many in the industry believe is essential for the future of digital finance in the U.S.

You can best believe that the debate is not over.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

SINGAPORE DOLLAR STABLECOIN XSGD DEBUTS ON XRP LEDGER IN RIPPLE-POWERED PAYMENTS PUSH

StraitsX has launched its MAS-regulated stablecoin XSGD on the XRP Ledger to enable faster, low-cost cross-border payments, as part of a broader multi-chain expansion strategy.

The move marks the first phase of a larger partnership with Ripple aimed at building institutional-grade digital infrastructure focused on tokenisation and real-time financial services.

StraitsX Brings Regulated XSGD to XRP Ledger

Payment infrastructure firm StraitsX has added its Singapore dollar-pegged stablecoin, XSGD, to the XRP Ledger (XRPL) in an attempt to extend its regulated token into a faster, low-cost cross-border payment system.

The expansion was announced Monday and is part of the company’s multi-chain strategy to meet growing demand from fintechs, financial platforms, and digital asset developers seeking programmable, real-time transaction tools across borders, according to the press release.

StraitsX framed this as the “first phase” of a wider collaboration with Ripple focused on tokenisation. While details remain vague, the rationale is to build a regulated, institutional-grade digital infrastructure that goes beyond payments.

A Glimpse Into the Future of Finance

The availability of XSGD on the XRP Ledger is more than a deployment. It’s a marker of where financial infrastructure is heading. As digital money becomes embedded in the global economy, regulated stablecoins like XSGD will serve as the foundation for borderless, real-time, and compliant-ready financial services.

Singapore’s Web3 Hub is Expanding

XSGD was issued by StraitsX in 2020, fully backed 1:1 by reserves held with DBS Bank and Standard Chartered. The company is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution, placing XSGD among the few stablecoins with both regulatory oversight and multi-chain deployment.

XSGD has over 8 billion on-chain transactions already, and a circulating supply above 13.6 million tokens. The stablecoin is live on Ethereum, Polygon, Hedera, Zilliqa, Arbitrum, and Avalanche.

@ Newshounds News™
Source:  Crypto News

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