Iraq Economic News and Points to Ponder Saturday AM 4-5-25

Al-Sudani: Iraq Today Is Powerful, Strong, Healthy, And Advancing Against Expectations.

Friday, April 4, 2025, 4:40 PM | PoliticsNumber of reads: 144  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: "Iraq today is powerful, strong, healthy and is progressing contrary to expectations."

Al-Sudani said during his meeting with a group of tribal sheikhs and dignitaries in Baghdad: "The country is witnessing an unprecedented phase of reconstruction and development," noting: "There are those who are trying to paint a picture of panic and defeatism in the souls of society."

He added: "The interest of Iraq and the Iraqis is the priority for the course of action of the government, and there is no room for courtesy with any internal or external party," indicating: "There are those who thrive on the rhetoric of discord and sectarianism, especially with the approach of the electoral process."

The Prime Minister continued: "The government has worked, from the beginning, on priorities based on the needs of the people, far from any personal or partisan goal.

There is a real will to achieve reforms, and we have come a significant way in it, in a time frame not exceeding two and a half years of the government's term, and we are all confident that Iraq's future is promising with its people, capabilities, resources and sound principle in managing the state."

On the economic front, Al-Sudani said, "The country's economy cannot be mortgaged to dependence on oil."

He explained, "The Ministry of Oil has begun laying the foundations for a project to transport gas from the Gulf to power stations."

Regarding the situation in Gaza, the Prime Minister stressed, "The Zionist aggression has exposed the international community's impotence in the face of daily scenes of killing."

He added, "The region has witnessed exceptional circumstances, and the government's handling of this crisis was the most difficult test of its kind. With wisdom and responsibility, we have achieved balance in dealing with developments in the Palestinian issue."

The Prime Minister congratulated those present on the occasion of Eid al-Fitr, extending his thanks to Hajj Rahim Majiser Al-Baydani for the invitation. He also praised his role and social and humanitarian contributions, as well as his provision of aid and support to security services and displaced persons during the war on ISIS. He stressed that the tribes have always been with the state since its founding, starting with the 1920 Revolution, and their contributions and sacrifices will continue effectively at various stages and times.

He pointed to the role of the tribes and their honorable stand in responding to the call of the religious authority for the sufficient jihad, the call of the homeland, as all the sons of the tribes that bear the Iraqi color lined up in the trench of confrontation against terrorism. This stand came at a time when it was rumored that Iraq was finished as a state, only for the country to return safe and unified.

Al-Sudani stressed that the indication of the supreme religious authority that Iraqis have a civilizational and intellectual heritage that they must study, absorb and rely on is an appropriate indication, and that our country, with its civilization and resources, is capable of facing various challenges, stressing:

"Our talk about Iraq's recovery and that it is on the right path is a reassuring message to some alarmists who paint a picture of anxiety, panic and defeatism among the ranks of society." /End
https://ninanews.com/Website/News/Details?key=1195619

A Government Advisor Warns Of The Effects Of The "Commercial Trumpism" Wave... And This Is The Fate Of The Budget Schedules.

Time: 2025/04/04 17:05:53 Read: 1,995 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the country's macroeconomic conditions are significantly affected by external shocks, particularly in Iraq's balance of payments.

Saleh pointed out to Al Furat News Agency the "need to intensify direct and continuous oversight and follow-up in two main directions."

He explained that "the first direction is to monitor the cycle of oil assets and re-evaluate them through cooperation with OPEC regarding prices and production quantities, while the other direction is related to maintaining the flow of foreign currency and protecting the country's reserves."

Saleh explained that "focusing on external balances in the economy must be accompanied by more discipline in internal financial and monetary adjustments, especially with regard to public spending.

He pointed out that this step has become more urgent to confront the repercussions of what he called "trade Trumpism," which has caused disruptions in energy markets, traded commodities, and global supply chains, so that the global economy will stabilize in the future on more stable foundations."

He stressed that "the budget schedules will remain committed to their basic constants, while taking into account the fluctuations in global oil markets with extreme caution.  LINK

Economist: Trump's Tariffs Do Not Include Oil And Gas, Making Iraq Immune To Their Impact.
 
    Time: 2025/04/04 23:58:20 Reading: 345 times  {Economic: Al Furat News} Economic expert Salah Nouri confirmed that the
 
customs duties announced by US President Donald Trump 
do not include oil, gas, and their derivatives,
 
which leaves Iraq immune from the impact of these duties. Nouri told Al Furat News that 
the current decline in oil prices is due to market fears of a trade war.
 
He explained that the outbreak of such a war could lead to a
 
     slowdown in global economic growth and, consequently, a
     decline in demand for oil and gas, particularly from China and India.  He pointed out that
 
Iraq is indirectly affected by the
 
     decline in oil prices, as well as the
     strict measures imposed by the US Treasury on dollar transfers resulting from oil sales, which are implemented by the US Federal Reserve.   
  
https://alforatnews.iq/news/خبير-اقتصادي-رسوم-ترامب-لا-تشمل-النفط-والغاز-ما-يجعل-العراق-بمنأى-عن-تأثيرها

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 4-5-25

Good Morning Dinar Recaps,

SEC EASES UP ON STABLECOINS — BUT NOT ALL OF THEM MAKE THE CUT

The U.S. SEC is taking a step back from certain stablecoins, saying they don’t count as securities — which basically means the agency won’t be regulating them like it does stocks or crypto tokens it sees as investments. This is a big shift and adds to the list of crypto areas the SEC is slowly letting go of, like memecoins and mining.

According to a post by Fox Business journalist Eleanor Terrett, the SEC has introduced a new category called “Covered Stablecoins.” 

These digital coins are always equal in value to the U.S. dollar — one coin equals one dollar. To qualify, these coins must be backed by safe, easy-to-sell assets that match or exceed the amount of coins in circulation. This means they’re considered stable, safe, and easily redeemable for real dollars at any time.

The SEC’s Division of Corporation Finance made it clear that these kinds of stablecoins are not being treated as investments. Because of that, they do not fall under the SEC’s jurisdiction — which is a big deal for projects trying to stay compliant while offering dollar-backed crypto.

However, this doesn’t apply to all stablecoins. The SEC says this guidance doesn’t include algorithmic stablecoins (which use code to keep their value stable), stablecoins that offer yield or interest, or coins tied to other assets like gold or foreign currencies. These other types might still be considered securities or face other regulations.

This new update is a positive step for regulated, dollar-backed stablecoins like USDC or PayPal’s PYUSD, giving them a bit more breathing room and clarity. But the rest of the stablecoin space still sits in a gray area.

But No Interest for Users

But there is something else that is very important to note: Even though stablecoin companies can make money (like through interest on their reserves), they’re not allowed to share that money with users. So, users won’t earn interest from holding these covered stablecoins.

Coinbase CEO Brian Armstrong isn’t happy about that. He said he wants Congress to change the rules so users can earn interest without the coins being considered securities.

Circle Applauds, Congress Pushes Ahead

Circle President Heath Tarbert praised the SEC for its decision, saying that only stablecoins with real backing, like USDC, qualify. At the same time, Congress is working on stablecoin rules. Bills are moving through both the House and Senate with strong support from both parties.

As political discussions grow, with Trump supporters pushing their own crypto plans, everyone’s attention is on the SEC’s upcoming crypto summit, where trading will be a major focus.

@ Newshounds News™
Source:  Coinpedia

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U.S. DEPARTMENT OF THE TREASURY SANCTIONS EIGHT CRYPTO WALLETS ALLEGEDLY TIED TO IRAN-BACKED HOUTHI REBELS

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions against a network of financial facilitators and procurement operatives that provide supplies to the Houthis, an Iran-backed terrorist organization that has launched attacks against dozens of ships in the Red Sea and Gulf of Aden.

In a statement, the OFAC says that it has taken action against a Houthi network working with Sa’id al-Jamal, a financial facilitator with ties to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).

Al-Jamal’s network has procured millions worth of weapons and other commodities from Russia, including stolen Ukrainian grain, and shipped the goods to the Houthis in Yemen.

The new sanction includes eight crypto wallets that the OFAC says the Houthis used to transfer funds associated with their activities. The development makes it illegal to transact with these crypto addresses.

“Unless authorized by a general or specific license issued by OFAC or exempt, U.S. sanctions generally prohibit all transactions by US persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons.”

According to the blockchain intelligence firm TRM Labs, two of the crypto addresses were already linked to Sa’id al-Jamal. The other wallets have ties to entities that Israel’s National Bureau for Counter Terror Financing (NBCTF) has flagged as involved in terrorist financing.

On-chain analysis likewise shows that millions of dollars’ worth of funds moved from these wallets to those belonging to other high-risk and OFAC-sanctioned entities, as well as manufacturers and sellers of unmanned aerial vehicles (UAVs) and anti-UAV equipment connected to China and Russia.

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 4-5-2025

TNT:

Tishwash:  A high-level US trade delegation is expected to visit Baghdad.

Iraq is anticipating the visit of a high-level US trade delegation comprising several major American companies. The visit is expected to strengthen relations between Washington and Baghdad in the areas of security, infrastructure, and energy.

This was announced by Farhad Alaa El-Din, the Sudanese Prime Minister's advisor for foreign affairs, on Friday, April 4, 2025. He explained that the delegation will arrive in Baghdad next week, and that an agreement is expected to be concluded between the American company General Electric and the Iraqi Ministry of Electricity to develop the electricity sector in Iraq.

The advisor noted that the agreement will help address Iraq's current electricity shortage, which stands at 48,000 megawatts.

Alaa El-Din added that the United States has significantly expanded its economic relations with Iraq over the past two and a half years, and that Washington is playing an increasingly important role in revitalizing the Iraqi economy.

The US delegation's visit was organized by the Iraqi Chamber of Commerce, and several agreements and memoranda of understanding are expected to be signed between the two sides, in addition to an agreement to develop the electricity sector.

Alaa El-Din also noted that Iraq seeks to leverage the capabilities of American companies to address the problem of flaring large quantities of associated gas due to the lack of adequate infrastructure.

The US trade delegation's visit comes amid US President Donald Trump's imposition of tariffs on several countries, including Iraq, which Trump announced on Wednesday night, April 2, 2025, at a rate of 39%. link

Tishwash:  With oil prices rapidly declining, a member of the parliamentary finance committee calls for amending the budget schedules.

Jamal Kocher, a member of the Parliamentary Finance Committee, stressed the need to reconsider the 2025 budget schedule if oil prices continue to fall below $70 per barrel.

Kocher explained to Al Furat News Agency, "This matter depends on the price estimated in the budget, indicating that if the price per barrel is at $70, the current rates can be maintained."
He pointed out that "the final decision will be based on financial estimates of oil prices throughout the year, as the price can be maintained if studies indicate it rises above $70. However, if the price falls below this level, Kocher stressed the need for the government to review the financial schedules."

Kocher pointed out that "there is a real deficit in the budgets of previous years, 2023 and 2024, which requires careful handling of oil price fluctuations and their impact on the national economy."
Oil prices fell for the second day in a row, reaching their lowest levels in more than three years, after markets were shocked by the sudden increase in OPEC+ production, in addition to the tariffs imposed by US President Donald Trump, which could lead to a reduction in global demand.

Brent crude, seen as a global benchmark for the oil market, has lost more than 10% in just two days, while US futures are trading at their lowest levels since May 2023, according to Bloomberg.
Brent has fallen to $65 a barrel.

These declines are the result of the tariff storm announced by Trump on Thursday, which threatens global economic growth and consumption.

Just hours after Trump's tariff announcement, the OPEC+ alliance announced a tripling of planned production for May. link

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Tishwash:  Al-Sudani: Iraq is witnessing an unprecedented phase of reconstruction and development.

Prime Minister Mohammed Shia al-Sudani said on Friday, April 4, 2025, that: "Iraq is witnessing an unprecedented phase of reconstruction and development."

During his meeting today with a group of tribal sheikhs and dignitaries from various communities at the guest house of Hajj Rahim Majisar al-Baydani in Baghdad, Al-Sudani affirmed that "the tribes have always been with the state since its founding, beginning with the 1920 Revolution, and their contributions and sacrifices have continued effectively at various stages and times."

The Prime Minister pointed to "the role of the tribes and their honorable stance in responding to the religious authority's call for sufficient jihad, the call of the nation, as all members of the tribes that bear the Iraqi color lined up in the trench of confrontation against terrorism. This stance came at a time when it was rumored that Iraq had ended as a state, only for the country to return safe and unified."

Al-Sudani stressed that "the supreme religious authority's indication that Iraqis have a cultural and intellectual heritage that they must study, understand, and rely on is a fitting indication, and that our country, with its culture and resources, is capable of facing various challenges." He emphasized that "her talk about Iraq's recovery and being on the right path is a reassuring message to some alarmists who paint a picture of anxiety, panic, and defeatism among society."

He explained, "What we enjoy today is thanks to the sacrifices and honorable stances of the tribes, which we cannot forget. Iraq is strong, capable, healthy, and progressing, as attested to by all regional and international institutions." He indicated that "Iraq has an important pioneering role, and the reconstruction and development it is witnessing, from Basra to Nineveh, is an unprecedented phase."

He continued, "From the outset, the government has worked on priorities based on the needs of the people, far removed from any personal or partisan objectives. We cannot mortgage the country's future solely to oil, especially since Iraq possesses the potential for agriculture, industry, and tourism."

Al-Sudani stated, "Our country is distinguished by its geographical location as a global trade corridor. That's why we launched the Development Road project, and we are working day and night to achieve our commitment. We have the capabilities, resources, and determination to face various challenges."

He pointed out that "work is continuing on a project to transport gas to our power stations, and there is a genuine will to implement reforms, and we have made significant progress in this regard, in a timeframe not exceeding two and a half years of the government's term."

He continued, "The region has witnessed exceptional circumstances, and the government's greatest test was how to handle this crisis, given Iraq's principled position on the Palestinian issue. The continued Zionist aggression against the Palestinians has demonstrated the failure of the international community."

He explained, "We were able to preserve Iraq by acting wisely and responsibly to avoid slipping into the arena of war and conflict. Some emotional and hasty voices wanted Iraq to go to war and conflict."

The Prime Minister stressed that "the interests of Iraq and Iraqis are the government's top priority, and there is no room for favoritism toward any internal or external party." He explained that "the government's approach is to preserve the supreme interests of the state, and we have full hope that the clerics, tribal sheikhs, and elites will promote a discourse of unity, solidarity, and brotherhood among all members of society."

He continued, "There are those who thrive on the rhetoric of sedition, crisis, and conspiracies, and we must pay attention to this matter, especially with the upcoming elections. We are confident that Iraq's future is promising, thanks to its people, capabilities, resources, and sound principles for governing the state."  link

Mot: Ahah!!! -- This Finally Says it All!!!! 

Mot: Will Beeeeee a Perfect Daze fur - bird watching

MilitiaMan &Crew: Iraq Dinar-Urgency for Oil exports to Resume-Global Trade Corridor-Unprecedented Development

MilitiaMan &Crew: Iraq Dinar-Urgency for Oil exports to Resume-Global Trade Corridor-Unprecedented Development

4-4-2025

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

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

https://www.youtube.com/watch?v=uR5NVdGluVQ

Seeds of Wisdom RV and Economic Updates Friday Afternoon 4-4-25

Good Afternoon Dinar Recaps,

UK PRIME MINISTER SEEKING NEW US TRADE DEAL TO REMOVE TARIFFS

The United States took decisive action this week, announcing new 10% baseline tariffs on what President Donald Trump announced as the nation’s Liberation Day.’ Now, UK Prime Minister Keir Starmer is reportedly seeking a new US trade deal to remove the tariffs, according to a Washington Post report.

The announcement of new import taxes created a race to negotiate with the United States. Indeed, the economic policy saw Israel and India move swiftly to shift their duties on US goods in hopes of avoiding the reciprocal tariffs. Now, Starmer is looking to reduce tariffs placed on Britain through a new deal with the Trump administration.

UK Prime Minister Keir Starmer Eyes New US Trade Deal Amid Trump’s Liberation Day Tariffs

The United States made headlines this week when US President Trump announced a brand new wave of tariffs on all trade partners with the country. Indeed, the move wreaked havoc on the US stock market. In the two days since, it drove the Dow Jones Index down more than 2,000 points.

Yet, the decision was made by the administration to balance a trade system that the president says has long been unfair. That effort took a key step forward on Friday. Specifically, UK Prime Minister Keir Starmer is seeking a new US trade deal to remove the newly imposed tariffs.

According to the recent report, Starmer is “ready to make major concessions to reach a deal even as other countries rush to the trade barricades with reprisal tariffs, boycotts, and outages.” The UK has already cut tariffs on some imported US goods. Moreover, they are even prepared to lower the British taxes paid by US tech companies.

“Every country is calling us,” Trump told reporters Thursday. “Now, they will do anything for us,” he added. Now, all eyes will be on where things go from here. The action has undoubtedly brought the world closer to a trade war. If deals can be struck, then the global economy may yet be able to avoid the worst of it.

@ Newshounds News™
Source:  Watcher Guru

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BRICS: US DOLLAR PLUMMETS, GOLD TO SOAR IN BEST CASE SCENARIO FOR BLOC

The world got a rather surprising development this week when US President Donald Trump announced a new slate of Liberation Day tariffs. The move introduced a baseline 10% import tax on all trading partners, and the outcome has been dire. However, it may only help BRICS, as the US dollar has plummeted with gold set to soar in a best-case scenario for the alliance.

The collective has been outspoken in its continued pursuit of de-dollarization on a global scale. Throughout the last several years, the bloc has continued to seek out local currency promotion that lessened international reliance on the West. Moreover, it has fast-tracked its gold purchasing in what may pay off brilliantly amid the uncertain geopolitical climate.

US Dollar Drops as Gold Is Set to Surge in Best Possible Outcome for BRICS

At the start of his second term, US President Trump warned that the BRICS bloc would face 150% tariffs. Specifically, he sought to ensure the global reserve status of the US dollar and targeted any country engaging in efforts to undermine that. However, despite the conflict from the West, it may be the best possible outcome for the collective.

BRICS may be in a position to benefit as US President Trump’s Liberation Day tariffs have caused the US dollar to plummet, with the gold price set to soar. Indeed, Thursday saw the greenback fall to its lowest level in months as recessionary fears picked up.

JPMorgan Bank said that the country now faces 60% odds of facing a recession this year. Moreover, it combines with Deutsche Bank’s previous warning that the currency will face a “crisis of confidence” amid the new economic policy. Uncertainty in the global economic world means that gold will likely surge.

The metal has been on a tear so far this year. Throughout the first three months of the year, it has surged to an all-time high above $3,000. Moreover, experts are expecting the winning ways to continue. Recently, HSBC raised its average gold price projection for 2025 to $3,015 and $2,915. Indeed, that was a notable increase from its previous forecast of a $2,687 high-end average price.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Trust in the US Dollar is Eroding

Trust in the US Dollar is Eroding

Liberty and Finance:  4-3-2025

In a recent interview with Liberty and Finance, Miles Franklin CEO Andy Schectman delivered a compelling analysis of the current market landscape, reaffirming the enduring value of gold and silver as essential components of a well-rounded investment portfolio.

With global economies teetering and trust in traditional financial systems eroding, Schectman’s insights provide crucial context for understanding the role of precious metals in navigating an increasingly uncertain world.

Schectman addressed the anxieties swirling around the recent market volatility, emphasizing the historical stability and time-tested nature of gold and silver.

He argued that in times of crisis, when faith in fiat currencies and complex financial instruments falters, the inherent value of these metals shines through. This intrinsic value, independent of government policies and corporate performance, makes them a crucial hedge against inflation and economic downturns.

The discussion delved into the complex global flow of physical gold and silver, shedding light on the changing dynamics of supply and demand. Schectman pointed out the growing demand for physical metals in Eastern nations, particularly in China and India, where a cultural affinity for gold coupled with economic growth is driving significant accumulation.

 This shift in demand dynamics, he argued, is a key factor supporting the price of precious metals in the long run.

He also highlighted the potential vulnerabilities in the Western financial system, particularly concerning the availability of physical metals to back paper claims. The interview explored the potential for supply disruptions and the importance of owning physical metals rather than relying solely on paper representations.

A central theme of the conversation revolved around the erosion of trust in traditional financial institutions and government policies. Schectman argued that this decline in trust is a significant driver for individuals seeking refuge in tangible assets like gold and silver.

He also explored the geopolitical factors influencing the precious metals market, including international tensions, trade wars, and the potential for currency manipulation. He emphasized the importance of understanding these global forces and their potential impact on the value of gold and silver.

The interview transcended the technical aspects of investing, delving into the personal impact of owning gold and silver. Schectman shared compelling client testimonials, highlighting the sense of security and peace of mind that comes with possessing tangible wealth in uncertain times.

In conclusion, Andy Schectman’s insightful analysis paints a clear picture of the critical role gold and silver play in safeguarding wealth and navigating turbulent economic waters.

His emphasis on the enduring value of these tangible assets, coupled with his understanding of the global forces shaping the market, makes a compelling case for incorporating precious metals into any well-diversified investment strategy.

https://youtu.be/XJl9WI_Tc8g

Seeds of Wisdom RV and Economic Updates Friday Morning 4-4-25

Good Morning Dinar Recaps,

COINBASE SAYS FDIC NOT COOPERATING WITH EXCHANGE’S FREEDOM OF INFORMATION REQUEST IN NEW COURT FILING

Coinbase’s legal representatives say the U.S. Federal Deposit Insurance Corporation (FDIC) hasn’t been cooperating with Freedom of Information Act (FOIA) requests.

Coinbase has been attempting to leverage FOIA to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but the top US crypto exchange says the regulator hasn’t been complying with its information requests.

Paul Grewal, Coinbase’s chief legal officer, claims the pause letters were part of “Operation Choke Point 2.0,” an alleged attempt by Biden Administration government regulators to stifle the crypto industry.

The exchange hired the law firm History Associates, which filed a motion in January asking a federal court to intervene.

The following month, the court paused the FDIC’s deadline to respond to History Associates’ amended FOIA complaint “so that the parties could engage in a biweekly, informal information-sharing process,” according to the law firm.

Coinbase’s legal representation has requested information regarding the FDIC’s response to its FOIA requests, specifically concerning the regulator’s policy or practice of “failing to conduct complete searches of all relevant databases and failing to take adequate steps to preserve responsive documents.”

In a new motion filed this week, History Associates now says the FDIC is “unwilling to cooperate” with these FOIA requests.

“The only viable path forward is for the case to resume and proceed to litigation of the merits.”

Last month, the FDIC released redacted documents related to its supervision of crypto-related activities, which include pause letters sent to 24 banks as well as communications and records involving other regulated institutions.

House Oversight Committee Chairman James Comer (R-KY) subsequently sent a letter to FDIC Acting Chairman Travis Hill requesting unredacted copies of the documents.

@ Newshounds News™
Source:  DailyHodl

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BRICS: 2 COUNTRIES OFFICIALLY LOOK TO TRADE IN LOCAL CURRENCIES

BRICS members Brazil and China have officially agreed to settle cross-border payments in local currencies rather than the US dollar. Brazilian authorities support expanding the use of national currencies and are looking at opportunities to increase the payment option. The Luiz Lula da Silva administration is gearing up to end reliance on the US dollar before the upcoming summit.

BRICS: Brazil & China Look at Local Currencies For Trade Settlements

Both the BRICS members Brazil and China are drawing plans to push local currencies forward for mutual payments. Brazil’s Secretary of the Finance Ministry Tatiana Rosito said that some trade between the two countries is already being settled in national currencies and not the US dollar. Lula da Silva had previously stated that the alliance must slowly end dependency on the US dollar.

“The trade in local currencies is already underway, for example, between Brazil and China,” said Rosito. She added that Brazil fully supports using local currencies and is chalking out plans to make it a reality. “No obstacles exist to that on the side of Brazil,” the official said.

“Therefore, the goal of BRICS is to expand the use of local currencies in any way that will make it possible to reduce costs and will be of interests for association’s members,” said Rosito. She also highlighted how the BRICS bank ‘New Development Bank’ helps the alliance bypass the dominance of the US dollar.

“Opening of this bank reflects the aspiration of BRICS members to proactively participate in transformation of the economic and financial order,” using local currencies, Rosito summed it up. In conclusion, the de-dollarization agenda is alive and thriving in 2025 as the alliance members are forging new ties.

@ Newshounds News™
Source:  Watcher Guru

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INSTITUTE OF PEACE’ DELETED ONE TERABYTE OF DATA TO COVERUP THEIR CRIMES, BUT DOGE FOUND IT…  |  Revolver

@ Newshounds News™

~~~~~~~~~

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“Tidbits From TNT” Friday Morning 4-4-2025

TNT:

Tishwash:  Iraq Signs Contract for New Economic City

The National Investment Commission (NIC) has signed the Task Order for Phase One of developing the Al-Tayeb Specialised Economic Service Zone in Maysan Province, positioning it as Iraq's first integrated economic city.

Key Developments:

NIC Chairman Dr. Haider Mohammed Makiyah stated that Al-Tayeb Economic City will attract global investors across agriculture, industry, tourism, housing, and entertainment sectors, serving as a model for future multi-service economic cities in other provinces.

The contract, signed with U.S. firm KBR, includes strategic economic studies, investment opportunity packaging, and sectoral planning for the area.

The project aims to:

Establish a major economic hub linked to the Development Road project.

Boost Iraq's economy and provide local employment in Maysan.

Strengthen interagency coordination for smooth project execution.

The meeting was attended by the Governor of Maysan, members of Executive Order Committee 24771, the Maysan Investment Commission, and representatives from the Prime Minister's Office. Discussions focused on ensuring timely implementation, promoting sustainable development, and creating attractive investment opportunities in Iraq.  link

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Tishwash:  Estimated at $6 billion, the US aims to reduce its trade surplus with Iraq through customs duties.

The United States has imposed tariffs on Iraqi exports as part of an economic policy aimed at narrowing the trade gap between the two countries. This move is part of US President Donald Trump's strategy, which has targeted several countries that have a trade surplus with the United States.

According to economic researcher Ziad Al-Hashemi, "Iraq currently enjoys a trade surplus estimated at approximately $6 billion, most of which stems from oil exports to refineries in Texas and California, which Washington is seeking to reduce by imposing customs duties on Iraqi exports."

Al-Hashemi explained in a blog post followed by the Iraq Observer that the US administration aims to achieve several goals through these tariffs, most notably:

• Reducing Iraq's trade surplus by making its exports to the United States less competitive.
• Encouraging Iraq to increase its imports of American products, which could strengthen trade relations between the two countries for the benefit of American companies.
• Influencing Iraqi economic policy by pushing Baghdad to open its economy more broadly to American investments and companies.

Al-Hashemi emphasized that "Iraq has alternative options if these tariffs continue to be imposed, most notably redirecting its oil exports to other markets, which could negatively impact American companies that rely on Iraqi oil, in addition to the possibility of higher fuel prices in the United States."

He pointed out that "the door to negotiations between Baghdad and Washington remains open, as the Iraqi government seeks solutions to minimize the impact of these tariffs on its economy, emphasizing that Iraq possesses powerful leverage, most notably the importance of its oil in meeting some of the needs of the American market."

The Iraqi economic community is awaiting developments in this crisis, amid fears that US pressure will force Iraq to make economic concessions or increase its reliance on alternative markets to avoid potential losses.  link

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Tishwash:  An economist reveals the second part of the impact of Trump's tariffs on Iraq.

Economic expert Nabil Al-Marsoumi revealed, on Friday (April 4, 2025), the second part of the negative impacts of US President Donald Trump's customs tariffs, which are likely to affect Iraq.

Al-Marsoumi confirmed in a Facebook post, followed by Baghdad Today, that "in addition to the negative impact of Trump's tariffs on oil prices and revenues, there is a fear that American banks will impose fees on Iraqi transfers to other countries when paying for imports, by converting dollars into the currencies of those countries."

Al-Marsoumi added, "There are also fees imposed on returns on investing dollar reserves in the US when they are converted into other foreign currencies, since oil revenues are deposited in the US pursuant to international and US decisions."

On Wednesday, US President Donald Trump announced that he would sign an executive order today (Wednesday) to impose reciprocal tariffs.

Trump said in a press statement: "We will begin implementing reciprocal tariffs starting tomorrow, Thursday, and we will impose on all countries the same rates of tariffs that they impose on us."

"Foreign cheats looted our factories, foreign thieves tore apart our beautiful American dream, and today is one of the most important days in American history because it marks our declaration of economic independence," he added.

Trump continued, "We imposed a 2.5% tariff on foreign cars, and the European Union imposes a 10% tariff on us. Starting at midnight tonight, we will impose a 25% tariff on all foreign cars."

"We will impose customs duties of up to 2.8% on many goods, while other countries impose duties of 200 to 400%," he explained.

The US President stated, "These tariff measures will enable us to make America great again, more than ever before," noting that "jobs and factories will return to the United States, and prices will fall for consumers."

He accused what he described as "foreign cheats of looting US factories and foreign thieves of tearing up the beautiful American dream," as he described it.

Trump said, "Today is one of the most important days in American history because it marks our declaration of economic independence."

He announced the imposition of "customs duties of 26% on imports from India, 34% on imports from China, 32% on imports from Taiwan, 30% on imports from South Africa, 10% on imports from Britain, 32% on imports from Indonesia, 10% on imports from Brazil, 49% on imports from Cambodia, 24% on imports from Japan, and 10% on imports from Singapore."  link

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Iraq Economic News and Points to Ponder Thursday Evening 4-3-25

Al-Mashhadani And The US Chargé d'Affaires Affirm The Importance Of Strengthening And Developing Bilateral Relations

Thursday, April 3, 2025| Politics Number of readings: 110  Baghdad / NINA / Speaker of Parliament Dr. Mahmoud Al-Mashhadani and the Chargé d'Affaires of the United States Ambassador to Iraq Daniel Rubinstein stressed the importance of strengthening and developing bilateral relations.

A statement by Al-Mashhadani's media office said that the Speaker of Parliament received today the Chargé d'Affaires of the United States Ambassador to Iraq Daniel Rubinstein, who extended his congratulations to the Speaker of Parliament on the occasion of Eid Al-Fitr, wishing well for Muslims and Iraq on this occasion.

According to the statement, the meeting dealt with emphasizing ways to strengthen and develop bilateral relations between the two countries in the political and economic files and developing investment to serve the interests of the two countries.

The meeting also discussed the security situation and the importance of stability in Iraq, and its reflection on the upcoming parliamentary elections, which the political blocs are preparing to participate in. /End   https://ninanews.com/Website/News/Details?key=1195487

The Yellow Metal Soars And Renews Its All-Time High

Money and Business   Economy News - Follow-up   The price of gold futures for June 2025 delivery on the Comex (a division of the New York Mercantile Exchange) hit an all-time high on April 2, 2025.

Data available from the trading platform indicates that the price of an ounce of gold has risen above $3,200.

By 23:29 Moscow time on April 2, the price of gold had risen 1.12% to $3,201.6 per ounce. By 07:00 Moscow time on April 3, the price of gold had slowed to $3,171.5 per ounce (up 0.02%).

Gold prices, a precious metal long considered a safe haven during times of economic and geopolitical instability, continue their steady upward trend, reaching new highs in the markets.

Meanwhile, the price of Brent crude futures for June 2025 delivery on the London ICE Futures Exchange fell 0.12% to $73.28 per barrel. The price of West Texas Intermediate crude futures for May 2025 delivery fell 0.06% to $70.03 per barrel.   https://economy-news.net/content.php?id=54048

World Gold Council: 29% of central banks plan to purchase gold by 2025
 
Economy     gold     buying     countries  2025-04-01 00:20  Shafaq News/ The World Gold Council confirmed on Tuesday that 29% of countries' central banks intend to purchase the precious metal in 2025. The council said in a report seen by Shafaq News Agency that
 
"29% of countries' central banks intend to purchase gold during the current year," noting that
 
"the purchases are due to the 
 
     desire to restore balance to a more strategic level in these reserves, 

     financial market concerns,
 
as well as the
 
     increased risks of crises and
 
     rising inflation." He added that
 
"gold continues to attract the attention of central banks as a reserve asset," noting that
 
"increasingly complex geopolitical and financial factors make managing gold reserves more important than ever."

He pointed out that  "central banks added

     1,037 tons of gold in 2023, the second-highest annual purchases in history, after setting a record of

     1,082 tons in 2022."
 
Iraq has gold reserves of 162.7 tons,
 
ranking 28th among countries with the highest reserves of the precious metal.  
  
https://shafaq.com/ar/اقتصـاد/المجلس-العالمي-29-من-البنوك-المركزية-للدول-تعتزم-شرا-الذهب-العام-2025 

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

We’re Witnessing the Collapse of a Fake Financial System | Ron Paul

We’re Witnessing the Collapse of a Fake Financial System | Ron Paul

Kitco News:  4-3-2025

NOTE TO OUR VIEWERS: We’re aware that Dr. Ron Paul’s internet connection during this interview was less than ideal. While we made every effort to improve the signal during recording, we believe the message and content of this conversation is too important not to share.

We appreciate your understanding and thank you for watching.

Gold just broke above $3,100 an ounce — its strongest quarter since 1986. Fort Knox audit calls are trending. Inflation continues to hit savers hard.

And Elon Musk’s government downsizing initiative, DOGE, faces sunset amid controversy. In this interview, Dr. Ron Paul, former Congressman, presidential candidate, and founder of the Ron Paul Institute, joins Jeremy Szafron, Anchor at Kitco News to break down what he sees as the collapse of America’s fiat system, the Federal Reserve’s role in “moral bankruptcy,” and why the U.S. dollar may be nearing its breaking point.

Key Topics:

– The gold price surge and what it signals

– Why the Fed is “the head of the hydra”

 – If the U.S. will ever truly audit Fort Knox

– Elon Musk’s DOGE initiative: real reform or political theater?

– The risk of geopolitical flashpoints with Iran and China

 – His warning of liquidation, riots, and systemic reset

– The future of liberty, truth, and sound money

00:00 Introduction

00:58 Gold's Surge and Economic Implications

 05:34 Geopolitical Flashpoints: Iran and China

07:54 Economic Policies and Tariffs

12:07 Doge Experiment and Government Downsizing

 17:19 Transparency and the Federal Reserve

23:42 Conclusion

https://www.youtube.com/watch?v=0fvHlr9oA_E

Iraq Economic News and Points to Ponder Thursday Afternoon 4-3-25

 Al-Sudani's Advisor Clarifies: Are Iraqi Oil Exports Covered By Trump's Tariffs?

Money and Business   Economy News – Baghdad  The Prime Minister's advisor for foreign relations, Farhad Alaa Al-Din, confirmed on Thursday that Iraqi energy exports, including crude oil, are not covered by the tariffs imposed by US President Donald Trump, while noting that the economic impact on Iraq is very limited.

Alaa El-Din said, "In light of the recent announcement by US President Donald Trump regarding the imposition of reciprocal tariffs on a number of countries around the world, we would like to clarify that Iraqi energy exports, including crude oil, are not subject to these tariffs."

He added, "Iraq currently exports between 7 and 8 million barrels of crude oil and its derivatives per month to the United States. These exports constitute the backbone of Iraqi exports and have not been affected by the recent customs measures."

He continued: "As for the rest of Iraqi exports, they are limited in size and scope, which means that the economic impact of these tariffs on Iraq will be extremely limited."

He stressed that "the strategic partnership between Iraq and the United States remains solid and strong, and that these measures will not affect the essence of the economic or diplomatic relationship between the two countries." He noted that "Iraq continues its commitment to deepening cooperation with the United States in various sectors, particularly in the areas of energy, investment, and enhancing regional stability."   https://economy-news.net/content.php?id=54050

Iraqi Oil Prices Decline On The Global Market

economy | 09:29 - 03/04/2025  Mawazine News – Baghdad  Basra Medium crude oil reached $74.77 per barrel, while heavy crude oil reached $71.72 per barrel.

Data showed a slight increase in global oil prices, with British Brent crude reaching $73.12 per barrel, while US West Texas Intermediate crude oil reached $69.86 per barrel.
https://www.mawazin.net/Details.aspx?jimare=260503

Iraqi Oil Prices Decline On The Global Market

economy | 03/04/2025  Mawazine News – Baghdad  Basra Medium crude oil reached $74.77 per barrel, while heavy crude oil reached $71.72 per barrel.

Data showed a slight increase in global oil prices, with British Brent crude reaching $73.12 per barrel, while US West Texas Intermediate crude oil reached $69.86 per barrel.
https://www.mawazin.net/Details.aspx?jimare=260503

Iraq Preempts OPEC By Reducing Its Oil Production

Time: 04/02/2025 Read: 2,205 times  {Economic: Al Furat News} The Organization of the Petroleum Exporting Countries (OPEC) reduced its crude oil production last month, by reducing production from Iraq and Nigeria, just before the group began implementing long-delayed plans to restore previously suspended oil supplies.

Bloomberg reported that OPEC cut its production by 110,000 barrels per day, bringing it to 27.43 million barrels per day. OPEC leaders urged member states to adhere to the specified production quotas, a requirement some countries have not yet complied with.

Starting this month, the OPEC+ alliance, led by Saudi Arabia and Russia, intends to begin gradually increasing production after a significant portion of it had been halted for several years, as part of the alliance's efforts to support oil prices.

The change came after US President Donald Trump called on OPEC to "bring down the price of oil," and some delegates said the group's leaders had lost patience with countries like Kazakhstan, which repeatedly exceed their production quotas.

A Bloomberg survey showed that Nigeria made the largest production cut among the coalition countries last month, cutting 50,000 barrels per day to an average of 1.5 million barrels per day, in line with its quota. Shipments of Nigerian Bonny Light crude are facing delays due to a fire on the Trans-Niger pipeline.

Iraq came in second place after reducing its production by 40,000 barrels per day to 4.15 million barrels per day, bringing it closer to the agreed-upon ceiling. However, Baghdad still exceeds the four million barrel limit and has made only limited progress on the additional cuts it pledged to compensate for previous overproduction.

The United Arab Emirates increased its production by 30,000 barrels per day, reaching 3.33 million barrels per day, exceeding its agreed-upon ceiling, according to the survey.

Data used by the OPEC Secretariat, compiled from a range of external sources, shows that both Iraq and the UAE are approaching their agreed production levels.

OPEC+ is scheduled to add about 138,000 barrels per day this month, the first in a series of gradual additions that will continue until late 2026. The alliance is expected to decide in the coming days on the next tranche, scheduled for May, and several delegates said they expect to proceed with it.

The Bloomberg survey is based on ship-tracking data, information from officials, and estimates from consulting firms Rapidan Energy Group, FGE, and Rystad Energy.  LINK

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