Iraq Economic News And Points To Ponder Tuesday Afternoon 5-27-25

Customs Is About To Recover More Than 17 Billion Dinars From Violating Companies, Projects, And Factories

Tuesday, May 27, 2025 12:37 | Economic Number of reads: 178  Baghdad / NINA / The General Authority of Customs announced, on Tuesday, that it is in the process of recovering more than 17 billion dinars from companies, projects and factories that violate customs exemption controls.

It stated in a statement, "The Customs Exemptions Follow-up Team has begun following up on the legal measures taken against companies, projects and factories and the extent of their compliance with controls and instructions, in cooperation with the Customs Affairs and Tariff Audit Departments and the Exemptions Audit Team formed by Cabinet Resolution No. 27037 of 2023."

It added, "The Customs Exemptions Follow-up Team made surprise visits to (74) projects, including (41) investment projects and (33) industrial development projects within each of the governorates of (Baghdad, Mosul, Kirkuk, Karbala, Babil, Najaf, Basra, Sulaymaniyah, Anbar, and Muthanna)."

She explained that "the team was able to record violations of the controls and instructions for customs exemptions, as a result of which the total amounts that were calculated for the purpose of collecting them from the violating companies amounted to more than (17) billion dinars." / End https://ninanews.com/Website/News/Details?key=1229248

Al-Lami Stresses The Importance Of Activating Diplomacy To Recover Smuggled Funds And Extradite Wanted Persons

Money and Business   Economy News – Baghdad   Federal Integrity Commission Chairman Mohammed Ali al-Lami stressed on Tuesday the importance of activating diplomatic channels to recover smuggled funds and extradite wanted individuals.

During his visit to the Iraqi Embassy in the Hashemite Kingdom of Jordan and meeting with its staff, Chairman of the Federal Integrity Commission, Mohammed Ali Al-Lami, said in a statement seen by Al-Eqtisad News, "The recovery file is important for the Republic of Iraq.

Through it, smuggled funds are returned to the public treasury and used in development projects, as well as the extradition of wanted persons and their referral to the judiciary to receive their just punishment."

 He indicated that "this enhances citizens' confidence in state institutions and makes them more serious about cooperating with oversight agencies to submit complaints and reports."

Al-Lami pointed to "the difficulty of the recovery field and the complex and thorny procedures that confront it internationally and regionally," expressing his "hope that the Embassy of the Republic of Iraq in Amman will provide the necessary support and cooperation to follow up on this file with the authorities in the Hashemite Kingdom of Jordan."

He explained that "States Parties to the United Nations Convention against Corruption must comply with the provisions and articles of the Convention, particularly those contained in Chapter V, which considers asset recovery a fundamental principle of this Convention, and that countries must provide each other with the greatest possible assistance and support in recovering smuggled funds, extraditing wanted persons, and preventing the transfer of proceeds derived from criminal acts."
https://economy-news.net/content.php?id=55905

Al-Sudani Discusses With The British Ambassador Strengthening Economic Partnership And Cooperation In Infrastructure Development.

Prime Minister Mohammed Shia Al-Sudani received the British Ambassador to Iraq, Irfan Siddiq, on Monday. They discussed ways to enhance the economic partnership between the two countries in light of bilateral agreements and understandings.

A statement issued by the Prime Minister's Office stated that the meeting addressed the openness that Iraq is witnessing in the fields of development and infrastructure reconstruction, in addition to expanding the state's capacity to provide services, with an emphasis on opportunities for cooperation between the public and private sectors, and British companies, within various investment activities.

For his part, the British Ambassador expressed his country's government's desire to consolidate cooperation relations with Iraq and work together to enhance stability in the region. https://www.radionawa.com/all-detail.aspx?jimare=41915

When The Central Bank Abandons Its Basic Duties - Hussein Ismail Al-Taie

May 26, 2025   The Central Bank carries out its basic tasks, which are:

-Issuance of local currency

- Creating monetary balance

However, what is observed in Iraq during this period is that the Central Bank is unable to issue the local currency according to the requirements of the local market and monetary circulation.

The reason is that influential parties are printing and issuing counterfeit local currency in India, as is available from circulating information, converting it to dollars and smuggling it to Iran.

This threatens and prevents the Central Bank from carrying out one of its basic tasks, as flooding the local market with original and counterfeit local currency will result, firstly, in an increase in the monetary mass of the local currency and a decrease in its real value against foreign currency.

Secondly, it will lead to the smuggling of dollars to Iran for the purpose of helping it activate its economic activities in the international trade market.

The result of this process is the inability of the Central Bank to perform its second task, which is to create a balance between the original and counterfeit local currency offered for circulation in the local market and the available foreign currency. This will lead to a decline in the real strength of the local currency.

Therefore, the financial and economic authorities are paralyzed and unable to perform their basic duties in leading the country's economic activity.   Professor of International Finance  LINK

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

Treasury Department Officially Discontinues Pennies Starting in 2026

Treasury Department Officially Discontinues Pennies Starting in 2026. What Happens When There Are No New Pennies?

Meredith Kile  Fri, May 23, 2025

The Treasury just placed its final order of penny blanks, all of which are expected to be minted by early 2026. Eliminating the penny has been a bipartisan issue for years, as each coin costs nearly four cents to make

• The U.S. government has taken a large step toward finally eliminating the penny.

• The Treasury Department recently placed its final order of penny blanks to print the one-cent coins, and meaning new pennies will stop being put into circulation around early 2026.

• Eliminating the penny has been a bipartisan issue for years, as rising production costs mean the coins cost more to print than they’re worth.

The U.S. government took another step toward eliminating the penny this month, with the Treasury Department placing its final order of penny blanks to print new one-cent coins.

The move came after President Donald Trump announced on Feb. 9 that he had instructed Treasury Secretary Scott Bessent to “stop producing new pennies.”

"For far too long the United States has minted pennies which literally cost us more than 2 cents," Trump wrote on Truth Social. "This is so wasteful!"

"Let's rip the waste out of our great nation's budget, even if it's a penny at a time," the president added. 

Eliminating the penny has been a bipartisan issue for years, with both Trump and President Barack Obama, as well as both chambers of Congress, calling for an end to the one-cent coin.

The president is also correct in calling the penny “wasteful,” even underestimating the cost.

TO READ MORE:  https://www.yahoo.com/news/treasury-department-officially-discontinues-pennies-161120980.html?fr=sycsrp_catchall

“Bits and Pieces” in Dinarland Tues. Afternoon 5-27-2025

KTFA:

Clare:  The dollar exchange rate in Iraq fell to its lowest level in months.

5/26/2025

The exchange rate of the US dollar against the Iraqi dinar witnessed a significant decline on Monday afternoon in the markets of Baghdad, as well as in Erbil in the Kurdistan Region, coinciding with the closing of the stock exchange.

The dollar exchange rate declined with the closing of the Al-Kifah and Al-Harithiya stock exchanges, with the exchange rate recording 140,700 dinars for every $100.

The exchange rate this morning was recorded at 141,350 dinars per 100 dollars.

Regarding the buying and selling prices at exchange offices in Baghdad's local markets, the selling price reached 139,750 dinars per $100, while the buying price reached 141,750 dinars per $100.

In Erbil, the dollar registered a similar decline, with the selling price reaching 140,650 dinars per $100 and the buying price reaching 140,450 dinars per $100.   LINK

Clare:  $90 billion in the shadows: Iraq searches for a map of its forgotten treasure

5/27/2025

From Mogadishu to Madrid, from tea plantations in Vietnam to Mediterranean palaces in Cannes, France, the specter of lost Iraqi property, estimated to be worth at least $90 billion, lingers. But this wealth, once a tool of influence and investment, is now a forgotten treasure tucked away in unarchived files, undocumented contracts, and unnamed properties.

In a rare moment of astonishment and diplomacy, Somali President Hassan Sheikh Mohamud surprised the Arab League summit hosted by Baghdad in May 2025 when he revealed that a major Iraqi oil refinery still exists on the outskirts of the capital, Mogadishu.

The refinery, established in 1978 as part of an official agreement between the Iraqi and Somali governments, had disappeared from official Iraqi memory since the fall of Saddam Hussein's regime. But this incident was only the tip of the iceberg of a broader, more complex issue: the issue of Iraqi assets scattered around the world, lost to the state over two decades in silence that paralleled their economic importance.

More than fifty origins on three continents

Information obtained by Shafaq News Agency from senior diplomatic sources indicates that Iraq has at least 50 real estate and investment projects spread across Europe, Asia, and Africa, including luxurious palaces, farms, banks, commercial offices, and strategic factories.

In Europe alone, Baghdad owns real estate assets in Spain, France, the UK, and Italy, some of which are located in luxury locations such as Cannes. In Asia, assets include tea, rice, rubber, and tobacco plantations in Malaysia, Sri Lanka, and Vietnam. In Africa, assets in Somalia, Nigeria, and Mozambique include tourist islands and agricultural factories.

These assets were part of Iraq's expansionist economic policy during the 1970s and 1980s, when it used oil revenues to purchase strategic assets around the world to bolster its economic and diplomatic standing.

However, after the fall of the regime in 2003, this issue entered a cycle of neglect and loss. The Parliamentary Integrity Committee revealed to Shafaq News that essential ownership documents had been stolen or destroyed, and that some properties had been transferred to the names of individuals or fictitious companies affiliated with the former regime or networks linked to it, while others remained without any significant follow-up.

Mozambique incident: The state clashes with weapons

In 2012, the Iraqi Ministry of Foreign Affairs sent a delegation to Mozambique to inspect a state-owned asset there, believed to be a palace on a tourist island once owned by Iraq. However, the trip was never completed.

According to a diplomatic source who spoke to Shafaq News Agency, the delegation members received direct threats from an armed group controlling the site, forcing them to immediately withdraw from the country.

This was one of the first serious attempts to recover Iraqi property abroad, but it ended in failure, leaving the property under the control of parties that do not recognize Baghdad's ownership.

Mogadishu Refinery: A Moment of Awakening

But the surprise announcement of the Mogadishu refinery has reshuffled the cards. According to what the Somali presidency conveyed to Iraqi Prime Minister Mohammed Shia al-Sudani, the refinery is still standing and only requires technical rehabilitation to return it to operation, at a time when Somalia is beginning to discover offshore oil reserves.

Baghdad's shock at this revelation prompted the government to form specialized legal and technical committees to pursue this forgotten issue, not only in Somalia but in all countries that may contain lost property. The Ministries of Oil, Foreign Affairs, and Justice were tasked with coordinating efforts, including re-registering properties, settling their tax status, and verifying the validity of remaining documents.

International law experts surveyed by Shafaq News Agency suggested resorting to the International Court of Justice or concluding bilateral agreements with the concerned countries to establish Iraq's legal rights to these properties.

They also stressed the need to pursue individuals and entities proven to be involved in the transfer or concealment of such assets, whether inside or outside Iraq, by issuing international arrest warrants and working with Interpol if sufficient evidence is available.

In a country facing mounting economic challenges and declining foreign exchange resources, many experts consider this a major financial opportunity that has been neglected for years.

Initial estimates place the value of these assets at between $80 and $90 billion. Economists believe that recovering even a small portion of them or investing them properly could generate sustainable revenues for a country whose budget relies almost exclusively on crude oil exports.

However, despite recent positive indicators, challenges remain. According to legal experts, some assets may be subject to statutes of limitations in host countries or have been subject to legal actions that have legalized ownership by third parties after Iraq's absence from the scene for two decades.

In addition, there is a fear that internal political interference could hinder recovery efforts, especially if current properties are tied to powerful interests or are linked to old contracts that are difficult to cancel without engaging in complex legal disputes.LINK

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

Mnt Goat   Remember for your thought process that a rise in the rate of the dinar is less dinars to the US dollar not more. I know it is backwards to what some believe as we call a rise usually means more not less. So, actually it is a downward trend in the number of dinars to make up one US dollar. This strengthens the dinar. So, if the official rate is 1320 we want the dollars in the parallel market to reflect the same or less rate of 1320.

Frank26   Article quote:  "exchange shops in the local market in Baghdad to record to 139750 dinars for $100."  Oh my goodness! ...What was it before? 114750...Do you understand the seriousness of what's going on with this monetary reform?  This stuff is off the hook...You know how close we are to getting to 1 to 1? 

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

800% Surge in Gold Deliveries Confirms Elites Are Prepping for Reset

Taylor Kenny:  5-27-2025

Gold delivery demand is shattering records. This isn’t speculation, it’s preparation.

In this episode, Taylor breaks down who’s buying, why it matters, and how to protect your wealth before the next reset.

https://www.youtube.com/watch?v=lsMOyE9nFEU

Tuesday Coffee with MarkZ. 05/27/2025

Tuesday Coffee with MarkZ. 05/27/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning and a great and wonderful Tuesday to you all

Member: Mark, you said yesterday that things have been Painfully quiet! Anything change?

MZ: Its still quiet on the bond side. I’m not to surprised because the business day just started. Last week they were expecting payments this week.

MZ: Some bankers are excited about overnight tonight….but I don’t think they are right. I have been hearing for some time that the 27th and 28th will be big days. But no one knows the exact date.

Member: Remember when you used to say a nothing burger, I am now hating to hear the bond side is still quiet. I think we need a new catchphrase for ain’t nothing happening lol

Member: I am losing faith and hope. I know Iraq will RV (revalue) but after that-any real changes in the world? I don’t trust the white hats anymore

​​Member: just because you're not hearing anything doesn't mean nothing happening

MZ: Emotional Exhaustion is something we all have and the White hats need to be cognitive of. They keep saying for us to trust the plan…..but the people are just tired.

Member: According to Trump we were supposed to start celebrating on Memorial Day? Still waiting to celebrate?

Member: White Hats-if you exist-we need a financial reprieve, please

Member: At this point it's perfectly reasonable to question just what is going on. We've been more than patient. Could you imagine being a bank employee at this point - utter madness.

MZ: Can you imagine what the bank employees are feeling at this point? I am glad you guys are questioning. I think it is healthy that we question.

Member: I’m feeling like it’s all a make believe dream even tho I prayed before investing and was urged to invest. Still it’s a mess as far as yes it is no it isn’t.

Member: I feel the same way. been a bunch of let downs. I feel we are at the point that whoever is awake is awake and the sleepers will continue to sleep. it's time to bring everything to the front

Member: No wonder our family members Dont believe in the RV ! - No more talk Time for massive action ! Boy has cried wolf to many time's

Member: would like to start seeing perp walks. that would excite me

Member: There are a lot of things and changes happening behind the scenes

Member: 250 year celebration parade on June 14….also Trumps birthday

Member: July 14 is the date that iraqi is going fully digital. And hopefully we have passed stablecoin registration by then.

Member: July 1st is supposedly the day Basel 3 laws go into effect with all banks worldwide.

Member: There's a lot of news out there that looks like June could be our month, if not sooner.

Member: A week ago I called the local 5th third bank. Asked if I could order currency. She then asked which currency . I told her Iraq dinar, Vietnamese Dong, was placed on hold. She came back to say unavailable.

Member: Mark, do you think all currencies will still go at the same time?

MZ: I do. That is what makes the most financial sense

Member: Prime Minister Mohammed Shia al-Sudani chaired a meeting on Monday of the Supreme Committee tasked with re-evaluating and restructuring the boards of directors of government banks.

 MZ: “Board of Central Bank of Iraq to be restructured “ They are re-assesing and re-structuring the board of directors at the CBI. They are going to have a complete overhaul . a global reset and changing the rate of the dinar is a perfect time for this.

Member: Representative Raed Al-Maliki confirmed, Monday, that the Council of Rep.s is preparing to hold extraordinary sessions with the aim of passing some important laws.

MZ: there is great progress going on in Iraq.

MZ: “Customs is in the process of recovering more than 17 billion dinars from violating companies, projects and factories” 

MZ: “ US Secretary of State: Kurdish autonomy and prosperity are at the center of our policy towards Iraq: concerned about the influence of Iran and militias”

MZ: “White reveals: US law lists Maliki, Amiri and Zaida on terrorist lists” Nouri al Maliki is very tight with Iran. He has also been a thorn in the side of the reset for over a decade. Maybe they are finally making their final moves.

Member: About time he was listed as a terrorist…..

MZ: “Dollar continues to fall in Baghdad” I have been told that once the black market reaches the same rate as the free market…they will have a rate change.

Member: ​​just watch for the 1400 black market rate to get closer to the 1310 CBI rate- that's what we want

Member: Last night Frank26 said the key number is 1390

Member: I wonder if the stock market is still to crash before the RV? That way the big banks fall and then will be propped up by the RV???

Member: I think after all said and done and we are past the finish line I think the word SOON should be removed from the English language….just sayin!

Member: no matter how long you have waiting for this, the last few days before it goes will feel like the longest

Member: I believe we are very close to the reset go signal

Member: All we can do is hang in there…….dont give up everyone.

Jonathan Otto from myredlight.com joins the stream today. Please listen to the replay for his information

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

 Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:    https://www.youtube.com/watch?v=pq1eXf-O_gU

News, Rumors and Opinions Tuesday 5-27-2025

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 fro the Restored Republic via a GCR: Update as of Tues. 27 May 2025

Compiled Tues. 27 May 2025 12:01 am EST by Judy Byington

Mon. 26 May 2025 THE FINANCIAL TAKEOVER HAS BEGUN — QFS IS NOW LIVE AT THE TOP …QFS on Telegram

Behind the curtain of collapsing fiat empires, the shift has begun — and this time, it’s irreversible. The Quantum Financial System is no longer a theory whispered in closed rooms. It’s activating — silently, strategically — at the highest levels of global finance.

Central Banks: Multiple central banks have discreetly adjusted policy frameworks to reflect a return to gold-backed currency. Just today, several released updated reports showing expanded gold reserves underpinning their monetary supply. Last night, emergency coordination calls were held between central banking heads — a clear signal that the transition to asset-backed money isn’t just planned. It’s happening.

Commercial Banks: Internal communications from Tier 1 banks now confirm what many suspected — their systems are live on QFS. One institution even issued a private congratulations to staff on a “successful onboarding.” While official channels remain guarded, these banks are quietly preparing clients for the next steps: debt cancellations, digital wallet activations, and the rollout of a new financial paradigm.

Currency Revaluations: The Global Currency Reset is underway. Holders of select sovereign currencies — notably the Iraqi dinar and Vietnamese dong — are reporting unexpected spikes in wallet balances overnight. These updates reflect genuine commodity valuations and confirm the quiet, systematic revaluation of currencies based on tangible assets, not manipulated markets.

Cross-Border Payments: Transactions that once dragged on for days under SWIFT are now completing in seconds. In recent QFS trials, transfers from Asia to Europe were finalized instantly — no fees, no delays. The infrastructure is real. The rails are live. The banking elite have already boarded the new train.

The Quiet Revolution: Step by step, confirmation by confirmation, the QFS framework is anchoring itself across the global banking grid. This is no longer test phase. This is deployment. And as the ripples spread outward, the world will soon awaken to a new financial era — backed by gold, driven by quantum, and secured by truth.

Sun. 25 May 2025: It’s Happening! Iraqi Dinar Goes LIVE on Forex –Final Rate Stuns the Market! Forex News – Iraqi Dinar $4.72 International Rate

Sun. 25 May 2025: You Might Be a Millionaire! JP Morgan Confirms IQD & VND Revaluation — Are You Ready? Iraqi Dinar

Sun. 25 May 2025: Dinar & Dong Just Got Revalued —New Rates Announced on TV, Market Stunned – Dinar News – Iraqi Dinar

Sat. 24 May 2025: BREAK THE SYSTEM! QUANTUM TRUMPSARA IGNITES: GESARA PROTOCOL UNLEASHED – THE FARMERS’ REVENGE, THE FINAL RESET & POWER BACK TO THE PEOPLE! – amg-news.com – American Media Group

Sun. 25 May 2025: BREAKING INTEL REPORT: TIER 1–5 STRUCTURE EXPOSED – THE INVISIBLE ENGINE BEHIND THE GLOBAL CURRENCY RESET (GCR 2025) – amg-news.com – American Media Group

Sun. 25 May 2025: BOMBSHELL: TRUMP’S $150 TRILLION PLAN: THE TRUST FUND HIDDEN FOR 161 YEARS — BOOM: NESARA and GESARA [VIDEO] – amg-news.com – American Media Group

Sun. 25 May 2025: EXPOSED: THE REAL FINANCIAL COUP — THE MOVE NOBODY NOTICED BUT THAT CHANGED EVERYTHING – amg-news.com – American Media Group

Mon. 26 May 2025: EXECUTIVE INTEL: THE PLAN IS IN MOTION – TRUMP’S EXECUTIVE ORDER, XRP & THE ISO 20022 RESET THEY TRIED TO BURY – amg-news.com – American Media Group

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

GESARA Phase II: Civilian Wealth Transfer Underway

Newly digitized, gold-backed funds are (allegedly)  being injected directly into QFS-verified accounts. Citizens with biometric clearances are receiving notifications for Redemption Appointments, which include:

• Full debt nullification
• Revaluation exchanges
• Quantum ID registration
• Sovereign asset inheritance packages

Private banking cartels have been fully collapsed. Over $84 trillion in c***l-seized offshore assets are now being filtered into public trust funds. These disbursements are pre-coded by nation, population density, and consciousness resonance scores.

Read full post here:   https://dinarchronicles.com/2025/05/27/restored-republic-via-a-gcr-update-as-of-may-27-2025/

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

Frank26   IMO maybe just maybe the CBI is now going to give the Iraqi citizens a specific amount of time to return all the 3-zero notes back into 'My Account'.  If not, then at a certain point those 3-zero notes will no longer be usable by the Iraqi citizens.  They will lose out.  They will still be used outside of Iraq Internationally but...treated like a disease in Iraq.  Nobody will be able to touch the 3-zero notes along with any foreign currency.  I believe a threat is a 'time frame'. 

Frank26  There's a lot of things pointing, I don't like giving dates, but June 1st...There's a lot things coming together. 

Militia Man  That Development Road Project is going to be a very big project.  It's going to create massive amount of revenue streams for the country and it's also going to create jobs.  It's going to do so much.  It's going allow more tourism, religious tourism.  Iraq's background is phenomenal...The region and the world is embracing Iraq...

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

Banking Collapse - How It Could All Come Down | Phil Low

Liberty and Finance:  5-27-2025

Phil Low discusses the vulnerabilities of the current financial system, especially during crises. He critiques fractional reserve banking for creating systemic risks that can affect all financial institutions, including credit unions.

Low emphasizes the importance of physical silver—rather than numismatic coins—as a reliable form of wealth preservation.

He warns that investing in credit without caution can lead to debt slavery and encourages people to understand the historical context of money.

Ultimately, he suggests families to prioritize bullion over collectible coins and to prepare with 100 to 200 ounces of silver in anticipation of economic instability.

INTERVIEW TIMELINE:

0:00 Intro

2:40 Banking system

18:30 Numismatic gold coins

32:50 How much silver do I need?

https://www.youtube.com/watch?v=xwTeESB7vlU

Iraq Economic News And Points To Ponder Tuesday Morning 5-27-25

The Weaker Position"... Expert: Iraq Faces Economic And Energy Challenges Until 2028
 
Time: 2025/05/25 Read: 1,650 times   {Economic: Al Furat News} Oil expert Furat al-Moussawi warned that  Iraq's economic and energy challenges will continue until 2028,  attributing this to the country's
     near-total reliance on a rentier economy and the
     lack of radical strategic solutions to date.
 
During his appearance on the program "Free Talk" on Al Furat TV, Al-Moussawi said, 
"Iraq still suffers from a single-source rentier economy that is out of step with global market developments, and  this has caused significant harm to the national economy."

He pointed out that  "all current projects rely on oil revenues without any real diversification in the productive sectors."

He added,  "The country is currently exporting approximately 3.4 million barrels per day, 200,000 barrels more than the limit permitted under the OPEC agreement.
 
This has alarmed the organization and prompted some countries, led by Saudi Arabia,
to seek to reclaim their market share."

Al-Moussawi pointed out that "the price of a barrel of oil approved in the three-year budget is $70,
which poses a major challenge in light of market fluctuations,
while the budget will not regain balance unless the price of a barrel reaches at least $55."

He emphasized that  "Iraq does not yet have a sovereign wealth fund, which increases the fragility of its financial situation."
 
In the energy sector, Al-Moussawi explained that 
"gas investment is still contingent on increasing oil production,
which limits development potential."

He added that  "the Karbala refinery has not yet been completed, as has an investment project in Al-Faw,  at a time when the country does not have enough refineries to qualify it for regional competition."

He continued,  "The only clear project currently is the agreement with Total, Qatar Energy, and Basra Oil, which includes four strategic projects, including
     exploiting seawater for oil fields,
     producing the first 100 megawatts of solar energy, and
     investing in four gas fields."

 He pointed out that  "the government realizes that the current strategy is ineffective, as
evidenced by the lack of effective investments and radical solutions to the energy crisis,"
warning of "the difficulty of achieving gas self-sufficiency before 2028."

Al-Moussawi emphasized that  "geopolitical turmoil, including the Russia-Ukraine war and sanctions on Iran and other countries,  has contributed to oil price volatility, prompting OPEC to emphasize its study of market developments before making any decision to increase production."

The oil expert concluded by saying, "Iraq remains in the weakest position among oil-producing countries due to  its complete dependence on oil revenues, lacking any real tools to ensure long-term economic stability." 
  
https://alforatnews.iq/news/الموقف-الأضعف-خبير-العراق-يواجه-تحديات-اقتصادية-وفي-الطاقة-حتى-2028  

The Iraqi Stock Exchange Traded Shares Worth 6 Billion Dinars In One Week

Stock Exchange   Economy News – Baghdad  The Iraq Stock Exchange announced on Monday that shares worth more than 6 billion dinars were traded last week.

The market stated in a report reviewed by Al-Eqtisad News that "the number of companies whose shares were traded last week reached 63 joint-stock companies, while the shares of 33 companies were not traded due to the failure of buy and sell orders to match prices, while 8 companies remain suspended due to failure to provide disclosure, out of 104 companies listed on the market."

He added that "the number of traded shares reached 3 billion, 792 million, and 400 thousand shares, an increase of 76.76% compared to the previous week, with a financial value of 6 billion, 388 million, and 419 thousand dinars, an increase of 1.71% compared to the previous week, through the execution of 2,208 transactions."

The market indicated that "the ISX60 index closed at 898.41 points, recording a 1.62% decrease from its closing price in the previous session," noting that "the number of shares purchased by non-Iraqi investors last week amounted to 73 million shares, with a financial value of 294 million dinars, through the implementation of 64 transactions."

The number of shares sold by non-Iraqi investors amounted to 41 million shares, with a financial value of 187 million dinars, through the implementation of 49 transactions.

It's worth noting that the Iraq Stock Exchange holds five trading sessions per week, from Sunday to Thursday, and lists 104 Iraqi joint-stock companies representing the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels, and services sectors. https://economy-news.net/content.php?id=55860

Globally, Oil Prices Rise To $61.73 Per Barrel
Economy | 05/26/2025  Mawazine News - Follow-up: Oil prices rose today after Washington extended the deadline for trade talks with the European Union, easing concerns about tariffs on the bloc that could harm the global economy.

US West Texas Intermediate (WTI) crude futures for July delivery rose 0.32% to $61.73 a barrel,
while global Brent crude futures for the same month rose 0.34% to $65.01 a barrel.

US President Donald Trump announced his agreement to extend the trade negotiations with the European Union until July 9, after European Commission President Ursula von der Leyen confirmed that the EU needs more time to reach an agreement. https://www.mawazin.net/Details.aspx?jimare=261915

The Dollar Exchange Rate Fell In Iraq

Economy | 05/26/2025  Mawazine News - Baghdad -  The exchange rate of the US dollar against the Iraqi dinar witnessed a significant decline today, Monday.

The selling price of the dollar in the local markets in Baghdad today reached 142,000, while the buying price reached 141,000. The selling price of the dollar in Erbil reached 142,000 and the buying price: 141,600.  Finally, in Basra, the selling price reached 142,000 and the buying price: 141,500. https://www.mawazin.net/Details.aspx?jimare=261921

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 5-27-25

Good Morning Dinar Recaps,

BITGET LAUNCHES BGUSD — A 4% YIELD-BEARING STABLE ASSET BACKED BY REAL-WORLD ASSETS

Bitget is diving into the red-hot real-world asset (RWA) sector with a new crypto product — BGUSD, a yield-bearing stable asset offering 4% APY, paid daily.

What Is BGUSD?

🔹 BGUSD is not your average stablecoin — Bitget CEO Gracy Chen calls it a “yield-bearing stable asset certificate.”

🔹 It offers 4% annual yield, credited daily to users’ spot wallets.

🔹 Subscriptions are available via USDC or USDT, and BGUSD is redeemable back to USDC on demand.

🔹 Yield is generated through a basket of tokenized real-world assets like U.S. Treasury bills and high-grade money-market funds.

How It Works

Bitget partners with regulated tokenization platforms like Superstate to manage its asset reserves.

🛡️ Liquidity: Bitget directly manages the reserve pool and maintains on-hand USDC to guarantee redemptions.

📑 Transparency: Bitget will implement third-party attestations and audits soon, though its institutional partners already follow strict regulatory oversight.

“Transparency and accountability are core principles of BGUSD’s framework.” — Gracy Chen, CEO, Bitget

No Stablecoin, No Security — A New Category?

Bitget says BGUSD is not a stablecoin or a security, and therefore isn’t subject to traditional licensing requirements.

“It’s structured as a yield-bearing stable asset certificate exclusive to the Bitget platform.” — Chen

🌍 Availability: Access will be restricted in jurisdictions with digital asset regulations.

Why It Matters

The launch comes as yield-bearing stablecoins explode, growing from $1.5B in January to $11B in May, now comprising 4.5% of the stablecoin market.

📈 Regulatory tailwinds from the Trump administration are pushing growth:

• SEC approved the first U.S. yield-bearing stablecoin by Figure Markets (Feb 2025)

• Legislative support includes the STABLE Act and the GENIUS Act

Bottom Line

With BGUSD, Bitget enters the fast-growing RWA + stablecoin arena — offering a product that merges crypto convenience with traditional finance yield.

@ Newshounds News™
Source: Cointelegraph   

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JP MORGAN DOWNGRADES U.S. DOLLAR — SAYS BRICS GIANTS CHINA & INDIA ARE ASCENDING

JP Morgan is shifting gears—cutting its outlook on the U.S. dollar while turning bullish on emerging markets, particularly BRICS powerhouses China and India.

Dollar Weakness Opens Door for BRICS Surge

According to JP Morgan’s latest research note, the U.S. dollar could remain soft throughout 2025, and that may be the catalyst for a major capital shift into BRICS markets.

📉 The DXY Index has slid into the 98 range, struggling to hold above key resistance levels near 100.

“USD could stay soft this year, which would help EM assets (BRICS),” the report stated.
“EM historically traded inversely to the dollar. The big question: Is the 15-year EM downtrend finally reversing?”

Spotlight on China, India, and Brazil

JP Morgan highlighted China, India, and Brazil as top picks within the emerging market space.

“Within EM, we think (BRICS members) China could be of interest… as well as India and Brazil.”

The CSI index and H-shares are seen as poised for a catch-up rally, with institutional and hedge fund flows already shifting into these markets.

U.S. Policy Risks Amplify Dollar Headwinds

JP Morgan cautioned that U.S. fiscal uncertainty may worsen dollar weakness:

“US bond yields may rise short-term—fueled by potential aggressive tax cuts, rising deficits, and inflationary tariffs—but that backdrop could actually accelerate EM strength.”

The combination of slowing dollar momentum, global investment inflows, and rising geopolitical autonomy in BRICS may lead to a broader de-dollarization trend in the global economy.

Why It Matters

🌍 As the dollar stumbles, BRICS nations could emerge as investment darlings, with massive implications for:

• Global FX reserves

• Commodities pricing

• Crypto flows into BRICS-aligned regions

Bottom Line

JP Morgan is betting on the rise of the East. With the dollar losing steam, BRICS nations may finally flip the global economic script — and investors are already moving capital accordingly.

@ Newshounds News™
Source:  Watcher.Guru

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“Tidbits From TNT” Tuesday Morning 5-27-2025

TNT:

Tishwash:  Iraq: April oil revenues are only enough to cover salaries

Economic expert Nabil Al-Marsoumi confirmed on Tuesday that Iraq's oil revenues for last April were only sufficient to cover salaries and expenses of oil licensing companies.

Al-Marsoumi said in a post on social media that "the decline in Iraqi oil exports and the drop in crude oil prices from $72.5 in March to $66.7 per barrel last April led to a drop in oil revenues from $7.716 billion to $6.738 billion, a decrease of 15%."

The Iraqi Ministry of Oil revealed its statistics on crude oil exports and revenues for the month of April on Monday .

The ministry stated in a statement received by Shafaq News Agency that the total oil exports and revenues achieved for last April, according to the final statistics issued by the State Oil Marketing Organization (SOMO), amounted to 100 million, 953 thousand, and 282 barrels, with revenues amounting to six billion, 738 million, and 309 thousand dollars .

She pointed out that the total quantities of crude oil exported last month from oil fields in central and southern Iraq amounted to 99,752,879 barrels, while exports from the Qayyarah field in Nineveh Governorate amounted to 900,584 barrels, while the quantity of exports to Jordan amounted to 299,819 barrels link

Tishwash:  After the Eid holiday, Parliament prepares for extraordinary sessions, and the final legislation will begin on July 9. 

MP Raed al-Maliki confirmed on Monday (May 26, 2025) that the House of Representatives is preparing to hold a number of extraordinary sessions after the Eid al-Adha holiday to pass some important laws.

In a statement received by Baghdad Today, al-Maliki said, "In our last meeting with the Speaker of Parliament, he explained that there is no point in extending the legislative session during the month of May due to disagreements within the Coordination Framework forces regarding some issues, including amending the elections law." 

He added, "Therefore, the Council Presidency's intention was to utilize the time following the Eid holiday by holding extraordinary sessions, leading up to July 9, the date for the start of the Council's final legislative term." 

He pointed out that they "pushed parliament to hold extraordinary sessions to complete the second reading of some laws and vote on them, along with other laws," noting that they "will resort to using popular pressure on parliament to complete important laws." 

According to Al-Maliki, the laws up for vote include:

_ Amendment to the Ministry of Education Law

_ Budget tables

_ Code of Sharia Rulings on Personal Status Matters

_ Service law for members of the Popular Mobilization Forces

_ Amendment to the Radiation Control Law

_ Lawyers' Law

_ Programmers Syndicate Law

_ Reading the amendment to the Law of the Union of Jurists

_ Amending the Internal Security Forces Law

_ Amendment to the Prisoners' Law

_ Paramedic Protection Bill and other laws   link

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Tishwash: A word of truth for a man who has a right.. Al-Sudani leads a regional and international movement to strengthen international relations.

Since assuming office, Iraqi Prime Minister Mohammed Shia al-Sudani has led an active diplomatic effort at the regional and international levels. This effort aims to restore Iraq's relations with its Arab and international surroundings and build a new, positive image for the country, within the framework of a foreign policy based on balance, openness, and constructive dialogue.

Since assuming office in late 2022, Al-Sudani has been keen to make diplomacy one of his most prominent tools in supporting the national economy. This is achieved by attracting foreign investment, expanding cooperation with various countries around the world, activating economic and trade partnerships, and raising the level of Iraq's representation in international forums.

Al-Sudani's movements included official visits to several important capitals, including Washington, Tehran, Riyadh, Ankara, Abu Dhabi, Paris, and Berlin, during which he held high-level talks with heads of state and senior officials, resulting in understandings and agreements in the fields of energy, transportation, security, education, and investment.

Indeed, Al-Sudani realizes that Iraq's restoration of its regional and international standing cannot be achieved without changing the stereotypical image that has been entrenched about the country over the past decades. He is therefore working diligently to strengthen Iraq's presence at international conferences, affirm its commitment to international conventions and the principles of good neighborliness, and seek to resolve disputes through peaceful means.

In this context, Iraq participated in important international conferences and initiatives related to climate, food security, combating corruption, and countering terrorism. The Prime Minister had a notable presence at these conferences, delivering several speeches that affirmed Iraq's commitment to its role as a responsible regional actor, striving for stability and shared development.

Among the priorities of the Sudanese-led diplomatic effort are supporting the Iraqi economy by opening up to new markets, attracting capital and investments, and opening the door to bilateral cooperation in the fields of technology, energy, and infrastructure.

The Sudanese president has announced on more than one occasion that Iraq welcomes foreign companies wishing to invest, emphasizing the provision of a safe and stimulating environment, and encouraging the private sector to enter into strategic partnerships with its counterparts in friendly countries. 

In addition to the economic dimension, Al-Sudani did not overlook the importance of Iraq's role in calming regional tensions, as Baghdad has played a mediating role in a number of issues, including the Saudi-Iranian dialogue and security coordination with neighboring countries to confront the challenges of terrorism and limit drug and weapons smuggling.

 The man also worked to raise the level of Iraq's representation in international organizations and bodies, by nominating competent figures to fill important positions, and actively participating in sessions of the United Nations, the League of Arab States, the Organization of Islamic Cooperation, and others, with the aim of conveying Iraq's voice and defending its interests.

In this report, we are not seeking to create media propaganda, as much as we want to emphasize the principle of "give each his due," a principle we are keen to apply with everyone, including entities or figures with whom we disagree or differ. It is a word of truth about a man who has rights. link

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Mot:  . ole ""Mots"" tidbits of Knowledge continues!!!

Your Debt is about to Get a lot More Expensive

Your Debt is about to Get a lot More Expensive

Heresy Financial:  5-27-2025

The financial landscape is shifting, and according to Heresy Financial, if you have debt, you need to pay attention. A confluence of factors is pointing towards a significant spike in interest rates, impacting everything from mortgages to national borrowing. Understanding these forces is crucial for both borrowers and investors alike.

The 10-year Treasury yield serves as a crucial benchmark for various interest rates, particularly mortgages. It reflects the market’s expectation of future inflation and economic growth. As the 10-year yield rises, so too will the cost of borrowing. This correlation is particularly evident in the mortgage market, where rates often track Treasury benchmarks closely.

Heresy Financial points to a worrying trend of rising rates coupled with increasing volatility in the bond market. This signifies uncertainty and anxiety about the future, driving investors to demand higher returns for lending their money. This, in turn, translates into higher borrowing costs for everyone.

The bond market is driven by the interplay of sellers and buyers. When demand for bonds is high, prices rise, and yields (interest rates) fall. However, if sellers dominate, bond prices fall, and yields rise. Currently, the market seems to be shifting towards a seller-dominated environment, putting upward pressure on interest rates.

The analysis suggests a “breakout” scenario for interest rates, implying a significant and sustained increase. This is a stark warning for borrowers, as higher interest payments can quickly strain budgets and erode financial stability.

A major contributing factor to the rising rate environment is the exploding national debt. The government needs to borrow vast sums of money to finance its spending, increasing the supply of bonds in the market. This increased supply dilutes demand and pushes yields higher.

The question posed is critical: Would you lend money to an entity with a rapidly growing debt pile? As the national debt balloons, investors become increasingly wary of the government’s ability to repay its obligations, demanding higher interest rates as compensation for the perceived risk.

We’ve enjoyed a long period of low interest rates, but the debt cycle is showing signs of reversing. This means the era of cheap borrowing is coming to an end, and individuals, businesses, and the government will face higher financing costs.

Heresy Financial draws parallels between the current Federal Reserve strategy and that of the 1970s. Just as then, the Fed is attempting to combat inflation, but the effectiveness of their tools is debatable, and the potential for unintended consequences is a real concern.

The idea of “growing out of the debt” through increased economic output is often floated as a solution. However, the analysis challenges this notion, highlighting flaws in the growth plan and questioning whether the economic growth generated is sustainable or even sufficient to offset the debt burden.

One of the factors hindering economic growth is overregulation. Excessive and burdensome regulations can stifle innovation, discourage investment, and ultimately slow down economic activity, making it harder to “grow out” of the debt.

The core issue is unsustainable government spending. Meaningful change requires a fundamental shift towards fiscal responsibility, prioritizing balanced budgets and debt reduction.

The article expresses skepticism that the next administration, regardless of political affiliation, will effectively address the debt crisis. The challenges are immense, and the political will to make the necessary tough choices may be lacking.

For investors, this changing landscape means bracing for volatility. Rising interest rates can negatively impact bond prices, and the overall economic uncertainty can weigh on stock markets. Diversification and a focus on long-term investment strategies are crucial in navigating these turbulent times.

The message is clear: the era of cheap debt is fading. Rising interest rates, driven by ballooning national debt and evolving market dynamics, are poised to impact everyone. Now is the time to understand these forces, adjust your financial strategies, and prepare for a more expensive borrowing environment. For investors, vigilance and a well-diversified portfolio are key to weathering the potential storm.

https://youtu.be/y5ULkJmU_18

With The Penny Going Away, What Should You Do With The Ones In Your Coin Jar?

With The Penny Going Away, What Should You Do With The Ones In Your Coin Jar?

Mike Snider and Daniel de Visé, USA TODAY  Sun, May 25, 2025

Learn to love your coins.

That’s the message from Kevin McColly, CEO of Coinstar, the company behind those coin-cashing machines you see in supermarkets.  American consumers made only 16% of their payments in cash in 2023, according to the Federal Reserve. A 2022 Pew survey found that two-fifths of consumers never use cash at all.

President Donald Trump has ordered the Treasury to stop minting pennies because their production cost exceeds their value. (Intriguingly, the same is true of nickels.)

Many Americans regard both nickels and pennies as more nuisance than currency. The typical household is sitting on $60 to $90 in neglected coins, enough to fill one or two pint-size beer mugs, according to the Federal Reserve. Americans throw away millions of dollars in coins every year, literally treating them like trash.

Why do we treat coins like trash? McColly thinks we should change the way we think about coins.

To state the obvious, coins are worth money. Coinstar converts $3 billion in coins into spendable cash every year, one coin jar at a time. The average jar yields $58 in buying power.

Most of us don’t realize how much our coins are worth. Thus, a trip to a coin-exchange kiosk (or a bank, or credit union) can yield a pleasant surprise.

“People underestimate the value of their jar by about half,” McColly said. “It’s a wonderfully pleasurable experience. People have this sensation of found money.”

Certain groups of Americans – lower-income households, and those over 55 – still use plenty of cash, the Fed found, along with people who prefer to shop in person.

Coins aren't clutter, they're currency

As for the rest of us, McColly thinks it is time for a paradigm shift. Don’t think of your coins as clutter. Think of them as recyclables.

“They’re metal,” he said, in case we needed a reminder. “And they have a long and useful life.”

The Treasury still mints more than 5 billion coins a year, although the figure is dropping, according to the journal CoinNews.

“Those are just natural resources coming out of the Earth,” McColly said: Copper-plated zinc for pennies, copper-nickel alloys for nickels, dimes and quarters.

His point: If Americans got serious about gathering up their idle coins and “recycling” them into the monetary system, the Mint wouldn’t have to make so many new ones.

Granted, McColly has a vested interest. His company collects a small cut of the coins that consumers deposit.

“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at NerdWallet. Both NerdWallet and Bankrate offer tip sheets on exchanging coins for cash. Most banks will take an account holder's coins for free, Bankrate reports, but not all, and you may need to roll the coins yourself.

“I think that a lot of people probably do have hidden coins stashed around their home, and it can be worth their time to go and collect them,” Palmer said.

McColly notes that Coinstar generally waives its fee if the depositor chooses to trade in coins for a retail gift card, rather than cash.

He is not alone in forecasting a future for the penny, the nickel, and their more profitable kin.

“We’ve been much slower than parts of Europe and Asia to adopt mobile payments and contactless credit cards,” said Ted Rossman, a senior industry analyst at Bankrate.

The pandemic delivered a timely reminder of how much we still rely on cash: Consumers and business owners sat on their coins amid a global shutdown, seeding an actual coin shortage

“It kind of froze the whole system,” Rossman said.

Retiring coins: Where does it end?

While Trump has only instructed the Mint to stop making pennies, some voices have urged America to stop using them.

The Common Cents Act, introduced on April 30 by a bipartisan group of lawmakers, would round cash transactions to the nearest five cents.

“The penny is outdated and inefficient and no longer serves the needs of our economy,” said Sen. Kirsten Gillibrand, the New York Democrat.

But the bill could push the nation down a slippery slope.

TO READ MORE:  https://www.yahoo.com/news/penny-going-away-ones-coin-023835550.html

Taboola the same on the Bottom of Posts

Seeds of Wisdom RV and Economic Updates Monday Evening 5-26-25

Good Evening Dinar Recaps,

MORGAN STANLEY PREDICTS 10% DROP IN US DOLLAR — SEES BOOST FOR RISK ASSETS AND S&P 500

Morgan Stanley has issued a bold mid-year forecast: the U.S. dollar is headed for a major decline, which could act as a tailwind for equities, crypto, and other risk-on assets.

CIO Mike Wilson: “Dollar to Fall Another 10% Into 2026”

In an interview with Bloomberg Television, Chief Investment Officer Mike Wilson said:

“Our forecast for the dollar… is for another 10% decline, continuing into next year. That’s another reason the S&P 500 will be hard-pressed to correct more than 10%.”

The call is based largely on Morgan Stanley’s projection of 175 basis points in Fed rate cuts over the next year.

📉 If realized, this would deepen pressure on the greenback and stimulate broader asset markets.

Even with Fewer Rate Cuts, Dollar Still Going Down

Wilson emphasized that even if the Fed doesn’t cut rates as aggressively:

“The direction of travel is still south for the dollar… particularly against the yen, euro, and pound — economies with less room to cut in a slowdown.”

This shift could:

• Weaken the dollar globally

• Make U.S. exports more competitive

• Push investors toward commodities, stocks, and crypto

Why This Matters for Investors

A falling U.S. dollar tends to:

• Support higher stock prices (especially in large caps and tech)

• Provide upside to Bitcoin, XRP, and other crypto assets

• Drive flows into emerging markets and commodities

With dollar strength waning, traders and institutions may rotate heavily into risk-on trades to front-run 2026 macro shifts.

Bottom Line

Morgan Stanley’s call is clear: rate cuts are coming, the dollar is weakening, and risk assets are positioned to benefit.

As the greenback loses steam, expect crypto and equities to surge — especially if the Fed confirms the pivot in coming months.

@ Newshounds News™
Source:  Daily Hodl

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FLORIDA TO SCRAP CAPITAL GAINS TAX ON BITCOIN, XRP, AND STOCKS — A GAME-CHANGER FOR CRYPTO IN AMERICA

In a bold move that could reshape U.S. crypto policy, Florida has introduced legislation to eliminate state capital gains tax on Bitcoin, XRP, and traditional stocks, sending bullish signals across the markets.

State-Level Tax Break Could Supercharge Crypto Adoption

Backed by Governor Ron DeSantis and Florida’s GOP leadership, the bill would:

• Remove capital gains tax at the state level for profits from crypto and stock investments

• Increase investor returns, making Florida more attractive to crypto traders and fintech firms

• Position the state as a potential crypto capital of the U.S.

🔸 Federal capital gains tax still applies — only Congress can change that.

Markets React: BTC and XRP Climb

In the 24 hours following the announcement:

• Bitcoin (BTC) rose 2.4%, trading near $109,835

• XRP jumped 2.2% to $2.34

📊 Growth Trends:

Asset 30-Day 3-Month

BTC +16.55% +19.6%

XRP +5.42% +2.71%

Some analysts predict Bitcoin could hit $135,000 if this momentum continues.

In Sync With Trump’s National Pro-Crypto Push

This legislation mirrors President Trump’s federal crypto agenda:

• Advocates pro-blockchain policies

• Has support across 27 Republican-led states

• Could inspire a wave of similar tax reform bills

Mixed Public Response

Supporters say:

• Could make Florida the #1 crypto-friendly state

• Will attract VCs, builders, and high-net-worth investors

Critics argue:

• Might complicate filings and cause clashes with federal tax rules

• Risks regulatory confusion across state-federal lines

hy It Matters: This Could Spark Nationwide Crypto Tax Reform

If Florida’s bill passes:

• Other GOP-led states may follow suit

• Federal lawmakers may face increased pressure to modernize crypto tax policy

• Could create a more unified, investor-friendly U.S. crypto landscape

Bottom Line

Florida isn’t just tweaking its tax code—it may be igniting the next phase of U.S. crypto regulation. Whether you’re holding BTC, XRP, or just watching the policy tide, this bill deserves your full attention. 

@ Newshounds News™
Source:  Coinpedia

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