“Tidbits From TNT” Tuesday Morning 4-15-2025

TNT:

Tishwash:  Iraq awaits economic breakthrough following US-Iran agreement

Amid the successive crises facing Iraq, the national economy stands on the edge of waiting and anticipation, searching for a glimmer of hope that will open windows of relief amid the blocked financial horizon and the tightening noose on the local market.

Amid the anxiety of traders and the fear of consumers, the signs of the anticipated agreement between the United States of America and the Islamic Republic of Iran emerge as an opportunity that may carry within it the features of an economic breakthrough for Iraq, after years of suffering due to sanctions and regional tensions.

With every announcement or hint of progress in the negotiations, Iraqis' hopes are pinned on the possibility of liberating themselves from the shackles of complex transactions, and that this agreement will transform from a mere political card into a key to facilitating trade, ensuring stability, and protecting what remains of their purchasing power and economic capacity, which has been weakened by regional tensions.

Economic expert Nasser Al-Tamimi confirmed on Monday (April 14, 2025) that the expected agreement between the United States of America and the Islamic Republic of Iran will have economic benefits for Iraq.

Al-Tamimi told Baghdad Today, "The expected agreement between Washington and Tehran during the next phase is not only politically and security-wise important for Iraq, but also has economic benefits for Iraq.

This agreement will lift some US sanctions against Iran, especially those related to the dollar issue. This may allow Iraq to conduct commercial transactions with Iran in dollars through official and legitimate means, and stop the black money transfers used by most traders."

He added, "Among these economic benefits is Iraq's continued import of gas and electricity without any American obstacles or impediments. Therefore, the anticipated US-Iran agreement is of great importance to Iraq. However, if no agreement is reached and the situation escalates between the two parties, Iraq will be the most affected by this."

With the escalation of talk about a possible agreement between Washington and Tehran, expectations are growing that some of the restrictions imposed will be eased. This could give Iraq a new opportunity to regulate its trade with Iran through official and legitimate channels, mitigate the impact of recurring energy crises, and restore some balance to the local market, which has been chronically constrained by these regional and international challenges.  link

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Tishwash:  Al-Sudani's advisor: Annual returns from investing reserves are no less than $2 billion.

The Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, confirmed on Tuesday that the "annual returns" from investing foreign reserves are no less than two billion dollars, according to his estimates.

"These investments are often short-term and directed toward US, European, or British treasury bonds, with the aim of achieving appropriate returns," Saleh told Shafaq News Agency.

He added, "These investments are characterized by low risk and generate appropriate returns, and the invested assets can be quickly converted into cash without incurring losses."

Saleh pointed out that "profits generated from reserves are divided into two types: the first is realized, represented by direct interest, and the second is unrealized, resulting from diversifying the investment portfolio, in addition to realizing potential profits from exchange rate differences between currencies and gold."

The Central Bank of Iraq previously revealed a decline in foreign reserves for 2024, reaching 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023, when these reserves reached 145.64 trillion dinars  link

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Tishwash:  Economist: The US price war aims to cover inflation, not boost the economy

Mustafa Hantoush, a researcher and expert in financial and banking affairs, confirmed on Monday that the price war launched by US President Donald Trump aims primarily to cover the inflation rates accumulated in the United States over the past years, and not to boost the US economy as it is being promoted.

Hantoush explained, in a statement to Al-Maalomah, that “the halt of major economies, especially China and Europe, from investing in US Treasury bonds directly contributed to the rise in inflation rates without this being matched by actual growth in the US economy.”

He explained that "the United States relies on printing dollars and covering them through global markets when its economy is growing, but in the event of a decline in growth, this causes an exacerbation of domestic inflation, which is what the current US administration is trying to address by attracting global companies to the US market."

He pointed out that "current policies aim to stimulate foreign and local capital to enter the US market as a means of reducing inflation, and are not the result of real strength in basic economic indicators." End  link

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Tishwash:  Rafidain Bank announces the disbursement of interest on the first issue of "Emaar Bonds."

Rafidain Bank announced on Sunday the commencement of disbursing the first-year interest on the first issuance of Emaar bonds, stressing that the disbursement process is being conducted in an organized and smooth manner to ensure speedy completion. 

The bank said in a statement, seen by Al-Eqtisad News, that "based on Rafidain Bank's commitment to its pledges towards investors and citizens who support the reconstruction and development process, we are pleased to inform you that the disbursement of the first year's interest on the first issuance of reconstruction bonds will begin on April 9, 2025."

The bank added, "We invite all eligible investors to visit the nearest branch of our bank in Baghdad and the governorates to receive their dues."

The bank confirmed, according to the statement, that "the disbursement process will be carried out according to an organized and smooth mechanism that ensures speedy completion," adding that "the interest is fully available and has been transferred by the Central Bank of Iraq to our account," calling for "bringing supporting documents or documents related to the bond when visiting to facilitate the procedures."

The statement concluded that "this step comes within the framework of our commitment to providing the best banking services and enhancing confidence in development bonds as a safe and stable investment option  link

Mot: ........ And then You Realize!!!!

Mot: Marriage vows

MilitiaMan & Crew: IQD News-World Bank-Private Sector-Direct Investment-Development-Economic Breakthrough-US-IRAN

MilitiaMan & Crew: IQD News-World Bank-Private Sector-Direct Investment-Development-Economic Breakthrough-US-IRAN

4-14-2025

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=mRNN8Z4mb2E

Seeds of Wisdom RV and Economic Updates Monday Evening 4-14-25

Good Evening Dinar Recaps,

NORTH CAROLINA BILL PROPOSES ALLOWING TAX PAYMENTS USING CRYPTO

▪️North Carolina lawmakers filed a bill that seeks to authorize the use of crypto for economic transactions, such as tax payments.

▪️The state has previously proposed bills to allow state investments in crypto.

North Carolina lawmakers have introduced a bill that seeks to allow the use of digital assets in tax payments and other economic transactions, marking the latest crypto-related legislative effort in the state.

Representative Neal Jackson filed H.B. 920, the Digital Asset Freedom Act, last Thursday with two co-sponsors.

"Digital assets are recognized as a valid medium of exchange in North Carolina," the bill said. "A transaction shall not be denied legal effect or enforceability solely because it uses a digital asset."

The Digital Asset Freedom Act outlines the criteria that digital assets must meet to be considered eligible. It requires a digital asset to have at least $750 billion in market capitalization and a daily trading volume of at least $10 billion to ensure liquidity and market depth.

The bill added that an eligible digital asset should have at least a 10-year track record of operating in an open market, with proven security and resistance to censorship.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

BINANCE EXECUTIVES MET WITH US GOVERNMENT OFFICIALS TO DISCUSS EASING OF REGULATORY SUPERVISION: REPORT

Executives at Binance reportedly sat down with Treasury Department officials in March to discuss the possibility of relaxing the US government’s regulatory scrutiny of the world’s largest crypto exchange.

Citing people familiar with the matter, the Wall Street Journal reports that Binance wants the Treasury Department to remove one of the two monitors that oversee the exchange.

The US government is keeping a close eye on Binance after it pleaded guilty to having engaged in anti-money laundering (AML), unlicensed money transmitting and sanctions violations.

The Treasury Department appointed a monitor to ensure that Binance complies with anti-money laundering laws, but a spokesperson for the exchange says that monitors led to “inefficient and costly burdens.”

The report says that during last month’s meeting, Binance chief executive Richard Teng and Chief Legal Officer Eleanor Hughes asked Treasury officials to remove the monitorship, or reduce its duration and scope.

Binance’s executives are said to be optimistic that the Trump administration will greenlight the request.

According to WSJ, the meeting took place after Binance and representatives from the Trump family-backed crypto venture World Liberty Financial held discussions to list the project’s dollar-pegged stablecoin, USD1, on the crypto trading platform.

A spokesperson for World Liberty Financial says that the company is aiming for USD1 to be “accessible for millions globally.”

@ Newshounds News™
Source:  The Daily Hodl

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Monday Afternoon 4-14-25

Good Afternoon Dinar Recaps,

SEC AND BINANCE FILE JOINT MOTION FOR ANOTHER 60-DAY PAUSE IN LEGAL DISPUTE

▪️The SEC and Binance have asked the judge overseeing their legal dispute to pause the case for 60 days as “productive discussions” continue.

▪️The pause would extend the current 60-day stay, which was approved in February.

▪️If approved, the parties will submit a joint status report at the end of the 60 days, in mid-June.

The Securities and Exchange Commission and Binance, the world's largest crypto exchange, have asked the judge overseeing their legal dispute to continue keeping the case on hold as lawyers on both sides hold "productive discussions."

According to a joint court filing submitted Friday, the SEC requested the pause be extended "...In light of these continued discussions and the time required for the staff to seek authorization from the [SEC] as necessary to approve any resolution or changes to the scope of this litigation." Binance's lawyers agreed that "...continuing the stay is appropriate and in the interest of judicial economy."

Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia granted the parties' original request to stay the case in February, following a similar joint motion. The approval of another 60-day pause would mean the next joint status report would land in mid-June.

Though some of the SEC's claims against Binance were partially dismissed by Judge Jackson last June, the majority of the claims were upheld, though it remains unclear how the changing leadership of the SEC will affect the case. Friday's filing references "discussions concerning how the efforts of the crypto task force may impact the SEC’s claims."

The SEC's crypto task force is headed by Republican Commissioner Hester Pierce and has been holding roundtables with industry figures in a move towards more transparent regulation of the crypto industry. 

"We invite builders, enthusiasts, and skeptics to engage with us to figure out what the final rules should be and what interim steps might help to foster innovation in the meantime," Pierce said in February, shortly after the task force's creation.

@ Newshounds News™
Source:  The Block

~~~~~~~~~ 

BRICS GIVES HUGE UPDATE: NON-MEMBERS CAN SETTLE TRADE IN NEW PAYMENT SYSTEM

Russian Foreign Minister Sergey Lavrov announced that Brazil, which chairs the next summit in July, has proposed to create a new payment system where non-BRICS members can settle trade and cross-border transactions without incorporating the US dollar for settlements.

If non-member countries begin settling trade with the new payment system launched by BRICS, the US dollar could enter the path of decline. The US dollar could lose out on the global supply and demand mechanism making other currencies lead the charge.

BRICS Provides Major Update: Non-Members Will Be Allowed to Trade in the New Payment System

Lavrov confirmed that the upcoming initiative by BRICS is to allow non-members to settle trade in the new payment system. “There are a number of other initiatives currently under consideration within the BRICS format.

One of them being a proposal by Brazil to create an alternative payment platform, with work underway on this track. I am confident that countries, even those outside BRICS, will have access to such mechanisms when they are created.”

He added that the new BRICS payment system will be independent and not rely on the Western financial mechanism. The platform will not depend on SWIFT, the US dollar, or the euro and pound, but will be an independent system. 

“There is an opportunity to form payment platforms independent of external influence. One example being the financial messaging system of the Bank of Russia. It is convenient, and it does not depend on any SWIFT network,” the minister noted.

It is not known when the new BRICS payment system will make its debut in the global financial markets. No further details about the new system have been revealed by the alliance. However, they will discuss the developments further in the upcoming 17th summit in July. The summit is scheduled to be held in Rio De Janeiro on July 7 and 8, 2025.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Some “Iraq News” Posted by Clare at KTFA 4-14-2025

KTFA:

Clare:  Who controls the dollar exchange rate now? Arian parliament answers.

4/14/2025  Economy

Member confirmed Finance Committee Mustafa Al-Karawi Today, Monday, the current controlling factor for the dollar exchange rate is foreign remittances.

Al-Karawi told Sumaria News, “There are still large gaps in this process, and we notice the presence of hard currency in local markets in large quantities that do not match the volume of imported goods.”

He continued, “Foreign remittances and control over auditing... Bills The dollar exchange rate is controlled by the Central Bank, taxes, customs, and border crossings,” he said, noting that “the problem of controlling the volume of imported goods and comparing them with the volume of amounts transferred outside Iraq "It is still going on."

He continued, “We are working to ensure seriousness and find radical solutions to the problem of foreign remittances,” calling for “the need to adopt a new electronic system that manages this process, independent of personal actions.”   LINK

Clare: Iraq intends to purchase and manufacture 23 cruise ships.

4/14/2025- Baghdad

The Ministry of Transport intends to contract for the purchase and manufacture of 23 different vessels and boats to support the river transport sector and stimulate its movement locally and internationally as part of a plan to revitalize the sector in the country.

The Director General of the Ministry's General Maritime Transport Company, Ahmed Al-Asadi, said his company intends to contract for the purchase of 15 tourist boats to activate the river taxi project, in conjunction with the Ministry's plan to develop the Corniche dock in Basra Governorate, which is currently being referred for implementation.  

He added that his company is planning to build eight new vessels, and has submitted the project to the Cabinet Secretariat to obtain the necessary approvals. He revealed that the company has begun receiving offers from companies for the purpose of joint operation with the company's fleet for integrated transportation of various types of vessels. He pointed out that the completion of these contracts will complete the transportation mechanism for his company from containers, ships and docks, as it owns shares in a commercial dock and another for oil.  LINK

Frank26:  "ASRAFLAK !!!... THIS SUGGESTS AN INCREASE IN THE IQD EXCHANGE RATE !!!".......F26 

Plunging Oil Prices Jeopardize Iraq’s Budget: Will the Government Resort to Dollar Revaluation?

 4/13/2025

Iraq is bracing for renewed economic turbulence as oil prices fall below the critical $65 per barrel mark—five dollars short of the benchmark adopted in the country’s federal budget. The slide in global crude markets threatens to erode the very foundation of Iraq’s oil-dependent economy, prompting speculation over potential fiscal and monetary policy shifts.

According to economic analyst Salah Boushi, the continued depreciation in oil prices could severely undermine the state’s ability to fund essential institutions and public services. “The longer this drop persists, the more pressure the government will face,” he told Kurdistan24. “A flexible, carefully calibrated strategy is imperative. Increasing oil production may become necessary to offset lost revenues.”

While some officials advocate for boosting output, others warn against hasty decisions involving Iraq’s monetary reserves. The central bank’s hard currency reserves, considered a last line of defense, are unlikely to be tapped under current circumstances. Still, one policy instrument remains within reach—and contentious: the exchange rate.

Economic expert Ahmed al-Ansari noted that while Iraq’s reserve fund is generally safeguarded for emergencies, adjusting the value of the Iraqi dinar relative to the U.S. dollar remains a plausible option. “We’re unlikely to see the reserves touched, but a revaluation of the dinar, coupled with domestic borrowing, could help bridge a potential deficit,” al-Ansari explained.

The recent price plunge has also sparked unconventional proposals. Some economists have suggested postponing monthly salary disbursements by an additional ten days—shifting from a 30-day cycle to 40—as a temporary measure to alleviate budgetary stress and delay liquidity shortfalls.

Iraq’s fiscal vulnerability is deeply rooted in its dependency on oil, which constitutes nearly 90% of national revenue. Any significant fluctuation in the global oil market poses a direct threat to the country’s financial stability. As prices continue to fall below projections, the government faces the unwelcome prospect of making “painful” adjustments that could directly affect ordinary citizens.

For Iraq’s population—already grappling with inflation and diminished purchasing power—the prospect of a revised exchange rate raises alarm. A stronger dollar would translate into more expensive imports, triggering a ripple effect on everyday goods and services.

With few viable alternatives in the short term, and in the absence of economic diversification, the Iraqi government may be forced to choose between austerity and structural reform—or risk spiraling into a deeper crisis.   LINK

Clare:  Iraq awaits economic breakthrough following US-Iran agreement

4.14.2025   - Baghdad: 

Amid the successive crises facing Iraq, the national economy stands on the edge of waiting and anticipation, searching for a glimmer of hope that will open windows of relief amid the blocked financial horizon and the tightening noose on the local market.

Amid the anxiety of traders and the fear of consumers, the signs of the anticipated agreement between the United States of America and the Islamic Republic of Iran emerge as an opportunity that may carry within it the features of an economic breakthrough for Iraq, after years of suffering due to sanctions and regional tensions.

With every announcement or hint of progress in the negotiations, Iraqis' hopes are pinned on the possibility of liberating themselves from the shackles of complex transactions, and that this agreement will transform from a mere political card into a key to facilitating trade, ensuring stability, and protecting what remains of their purchasing power and economic capacity, which has been weakened by regional tensions.

Economic expert Nasser Al-Tamimi confirmed on Monday (April 14, 2025) that the expected agreement between the United States of America and the Islamic Republic of Iran will have economic benefits for Iraq.

Al-Tamimi told Baghdad Today, “The expected agreement between Washington and Tehran during the next phase is not only politically and security-wise important for Iraq, but also has economic benefits for Iraq. This agreement will lift some US sanctions against Iran, especially those related to the dollar issue. This may allow Iraq to conduct commercial transactions with Iran in dollars through official and legitimate means, and stop the black money transfers used by most traders.”

He added, "Among these economic benefits is Iraq's continued import of gas and electricity without any American obstacles or impediments. Therefore, the anticipated US-Iran agreement is of great importance to Iraq. However, if no agreement is reached and the situation escalates between the two parties, Iraq will be the most affected by this."

With the escalation of talk about a possible agreement between Washington and Tehran, expectations are growing that some of the restrictions imposed will be eased. This could give Iraq a new opportunity to regulate its trade with Iran through official and legitimate channels, mitigate the impact of recurring energy crises, and restore some balance to the local market, which has been chronically constrained by these regional and international challenges. LINK

“Tidbits From TNT” Monday 4-14-2025

TNT:

Tishwash:  MP: June will mark the end of dollar smuggling in Iraq

Member of Parliament Majid Shingal confirmed on Sunday that June will witness an end to dollar smuggling operations, noting that strict oversight will be imposed on the funds of companies, politicians, and influential people. 

Shingal said in a statement monitored by (IQ): "Our transfers are currently considered dollar smuggling, but the situation is now better. I believe that in June, regular correspondence will be adopted, which will significantly reduce smuggling, and may even lead to its near disappearance." 

He noted that "some type of oversight will be imposed on the payment system in Iraq, including knowing who paid, how they paid, and where the money was spent. These processes will be automated to ensure transparency and track expenditures."

Shingal explained: "The goal of these measures is to reduce the amount of support provided to factions and those loyal to Iran. It is true that reaching zero support is not currently possible, but we are very close to achieving it, and this is the primary goal." 

He added, "Another goal is the entry of 60 American companies into the Iraqi market daily, and this is a very positive sign." 

He pointed out that "these measures will include political forces, influential people, and corrupt individuals, not just factions, as there are many individuals with improper financial dealings. In June, comprehensive oversight of companies, funds, and all audits will begin, and this is in Iraq's interest."

Shingali continued, "I heard that there is a freeze (block) of some politicians' funds in foreign banks, and this is said, but I do not know how true it is. In the same month, the official audit will begin, and these accounts will be revealed, to whom they belong, and where they were transferred. It is worth noting that these accounts are located in Europe and can be stopped at any moment." 

He concluded by saying, "These politicians always benefit from the money they steal from people in their countries and deposit in foreign banks, but in the end, they get nothing from it. To this day, the former regime's assets have not been recovered, and there is still money deposited in anonymous bank accounts, frozen in Switzerland and other countries."  link

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Tishwash:  National Investment Commission: We are committed to providing an attractive investment environment and projects.

During the first Iraq Business Summit 2025 (IBS), held in Baghdad with the participation of the Ministers of Communications and Industry and Minerals, government officials, local and international investors, and private sector businessmen, Haider Mohammed Makiya, Chairman of the National Investment Commission, said that “the summit aims to enhance the business environment in Iraq and attract foreign investment, especially in the energy, communications, infrastructure, and other sectors.”

During the summit's dialogue session, Makiya affirmed, according to a statement, "the National Investment Commission's commitment to providing an attractive investment environment and projects for Iraq and the region."

The Chairman of the National Investment Commission gave a detailed explanation when presenting the largest national strategic project that serves Iraq’s geographical location, represented by the establishment of “international data centers” and the passage of international data and the provision of electrical energy and the passage of Internet capacities (Digital Economic Services for Private Sector). It is an investment project that will be granted an investment license later, as it is within the scope of the work of the National Investment Commission under Regulation No. (2) of 2009 (under Article / Fourth - Second - B) amended and approved by the Council of Ministers, which was published in the Iraqi Gazette.

Makiya explained that "the Prime Minister has approved the project, and the National Authority will proceed to complete the previous international approvals in order to strengthen economic relations with sister and friendly countries."

In the same context, he noted that "Iraq looks forward to strong economic and trade relations with international governments and companies, particularly those interested in the project from the Gulf states and other countries in the region. This reflects the National Investment Commission's commitment to enhancing the business environment in Iraq and attracting foreign investment by providing the necessary facilities and guarantees in line with global trends toward major investment projects."

The summit's opening session focused on the importance of digital transformation in supporting the Iraqi economy, while showcasing successful models of public-private partnerships. It also addressed financing and international cooperation, which reviewed the mechanisms for financing major projects and the role of international financial institutions in supporting economic development in Iraq. link

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Tishwash:  Al-Mashhadani confirms to a US delegation the possibility of developing and amending the Iraqi constitution.

Parliament Speaker Mahmoud al-Mashhadani affirmed on Sunday the possibility of developing and amending the Iraqi constitution.

The House of Representatives stated in a statement received by ( IQ ), "The Speaker of the House of Representatives received, today in Baghdad, a high-level delegation from the US Congress and members of the US Embassy. During the meeting, bilateral relations between Iraq and the United States were discussed within the framework of the Strategic Framework Agreement, and ways to enhance joint cooperation in the political, economic and security fields ."

He added, " The visiting delegation included Representative Adam Smith, the ranking member of the House Armed Services Committee for the Democratic Party, Representative Sarah Jacobs, Representative Michael Baumgartner, Representative George Whitesides, and Representative Wesley Bell, in addition to the US Chargé d'Affaires Daniel Rubinstein, and a number of advisors and professional staff members of the Armed Services Committee ."

During the meeting, the Speaker of Parliament emphasized "the importance of the Strategic Framework Agreement as the cornerstone of Iraqi-American relations," stressing "the need to activate its provisions to ensure mutual interests between the two countries, particularly in the areas of developing the national economy and investing in non-oil sectors such as agriculture and industry . "

He pointed out, "The importance of the Iraqi Constitution as a foundation for the democratic system in the country, with the possibility of developing and amending it in accordance with Article (142) and in a manner consistent with the aspirations of the Iraqi people ."

He stressed the "need to develop the education and agriculture sectors, and to support political and security stability in Iraq and the region," expressing "Iraq's firm position in supporting efforts to achieve a ceasefire in Gaza, and the need to end wars and conflicts in the region in a way that contributes to consolidating peace and achieving prosperity ."

For its part, the US delegation affirmed the United States' commitment to supporting Iraq in various fields and strengthening the existing strategic partnership between the two countries, reiterating the US Congress's keenness to communicate effectively with Iraqi leaders to continue joint work for a better future for both countries.   link

Mot: Yeppers... Sum mor Intuition on that ""Marital Thingy" 

Mot:  . Karma!! -- Don't Ya Loves ""Karma""

Seeds of Wisdom RV and Economic Updates Monday Morning 4-14-25

Good Morning Dinar Recaps,

CLEAN CLOUD ACT' DRAFT BILL REQUIRES CRYPTO MINERS TO CUT EMISSIONS OR FACE FINES

▪️Senate Democrats introduced a bill Thursday that would set regional limits on the emissions from crypto mining facilities and AI data centers, imposing fines on facilities that surpass the cap.

▪️The regional caps would be reduced by 11% annually until reaching zero by 2035, requiring facilities to operate on 100% renewable energy, or face fines.

▪️The draft bill would also require facilities to submit detailed annual reports on electricity usage and sourcing to allow the EPA to calculate each facility’s emission intensity.

A draft bill dubbed the "Clean Cloud Act of 2025" introduced to the U.S. Senate by Democratic Senators Sheldon Whitehouse and John Fetterman seeks to curb emissions from crypto mining facilities and AI data centers, with the eventual goal of fining any facility using non-renewable energy sources by 2035.

The draft bill would amend the Clean Air Act to require data centers with more than 100 kW of energy capacity to meet emissions caps that vary by region, as laid out in the Department of Energy's National Transmission Needs Study.

The caps would be set by the end of 2025, and would lower by 11% each year until reaching zero in 2035. Facilities that exceed the emissions caps would pay inflation-adjusted fees based on how much their emissions exceeded the caps, and are forbidden from passing the costs off to customers.

The collected funds would be used to alleviate potential residential electricity cost increases through grants to local municipalities and also to fund clean energy deployment.

"Crypto & AI data centers can support clean energy, but they're burning more fossil fuels & driving up families’ energy prices instead," the X account representing the Democrats of the Senate Committee on Environment and Public Works wrote. "We can lead on AI & climate safety with [Whitehouse]’s Clean Cloud Act, which ensures that the industries profiting also pay their own way."

The facilities would also be required to make detailed annual reports about their electricity consumption and sourcing, allowing the EPA to calculate the greenhouse gas emission intensity of each facility, and evaluate any possible fines based on the regional caps.

The responsibility for paying the fines would be assigned to the tenants leasing the facilities, not the landlords, which could loop in startups renting server space to the reporting requirements and fines.

The bill will likely face opposition from Republicans in Congress. President Trump has expressed a desire for the United States to become the world's most significant Bitcoin mining power. President Trump's eldest sons are also planning to take their own Bitcoin mining company public, The Block previously reported.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

SENATOR ELIZABETH WARREN LAUNCHES FRESH OFFENSIVE ON CRYPTO

▪️Senators Elizabeth Warren, Mazie K. Hirono, and Dick Durbin want the DoJ’s decision to terminate crypto investigations reversed.

▪️The Senators raise concerns over the DoJ’s shift in priorities, terming it a “grave mistake.”

▪️The lawmakers point out possible conflicts of interest, highlighting President Trump’s cryptocurrency ventures as potential beneficiaries.

Senators Elizabeth Warren (ranking member of the United States (US) Senate Committee on Banking, Housing, and Urban Affairs) alongside Mazie K. Hirono (senior member of the Senate Judiciary Committee) and Dick Durbin (ranking member of the Senate Judiciary Committee) led a team of six senators calling on the Deputy Attorney General Todd Blanche to recall and reverse the decision taken by the Department of Justice (DoJ) to terminate cryptocurrency investigations and prosecutions.

The decision reported by FXStreet was communicated to the agency’s staff in a memo and included information on the disbandment of the National Cryptocurrency Enforcement Team (NCET), which was established to investigate and prosecute people charged with the criminal misuse of digital assets.

Senators protest the DoJ decision to terminate cryptocurrency investigations

The Senators addressed their concerns in a letter sent to Deputy Attorney General Todd Blanche, raising concerns about a conflict of interest between the DoJ’s decisions and US President Donald Trump and his family’s cryptocurrency ventures.

According to the lawmakers, the memo gives “a free pass to cryptocurrency money launderers,” referring to the actions as “grave mistakes that will support sanctions evasion, drug trafficking, scams and child sexual exploitation.”

The DoJ memo outlined that the agency will no longer act on several federal laws targeting entities and institutions that deal with cryptocurrencies.

The list included mixing and tumbling services often utilized as conduits for hiding illegal assets and laundered money — proceeds from illegal activities like scams, drug trafficking, child sexual abuse and theft.

“Drug traffickers, terrorists, fraudsters, and adversaries will exploit this vulnerability on a large scale,” the Senators wrote, adding that “further increasing the risks posed by bad actors is your decision to disband NCET, which has coordinated a Department-wide effort to prosecute illicit activity involving cryptocurrency.”

Blanche’s memo indicated that the resolution to disband NCET would ensure that the DoJ “focus on other priorities, such as immigration and procurement frauds.”

The letter also stipulated that the shift in the DoJ’s priorities hints at the conflict of interest with President Trump and his family potentially selling cryptocurrency and avoiding “law enforcement scrutiny.”

The Senators concluded their letter by requesting Blanche to reconsider the decisions communicated in last week’s memo.

President Trump’s administration has implemented several major actions aimed at creating a crypto-friendly environment in the US. On January 23, an executive order was signed to foster regulatory clarity and ban central bank digital currencies (CBDCs).  On March 6, the President signed an executive order establishing a strategic Bitcoin reserve and digital assets stockpile.

Other actions taken by President Trump include establishing a crypto task force and spearheading a policy shift at the Securities and Exchange Commission (SEC). On January 23, the SEC canceled Staff Accounting Bulletin No. 121 (SAB 121), which made it difficult for institutions to hold and custody digital assets.

At the time of writing on Monday, Bitcoin (BTC) and other cryptocurrencies remain relatively elevated from early last week’s levels, which had been battered by President Trump’s reciprocal tariffs. The President suspended the tariffs for 90 days on Wednesday, triggering relief rallies in global markets, including crypto.

@ Newshounds News™
Source:  FX Street

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

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Thank you Dinar Recaps

Countries Dumping USD? Failed Treasury Auction

Countries Dumping USD? Failed Treasury Auction

David Lin:  4-13-2025

The global financial landscape is shifting, and whispers of the US dollar’s diminishing dominance are growing louder. A recent failed Treasury auction has added fuel to the fire, prompting economists and analysts to question the stability of the US economy and the future of inflation.

David Lin recently spoke with Steve Hanke, Professor of Applied Economics at Johns Hopkins University, to unpack these concerns. Hanke, a renowned economist known for his expertise in currency boards and hyperinflation, offered a sobering perspective on the current economic climate.

One of the most alarming topics discussed was the recent failed Treasury auction. These auctions are crucial for the US government to finance its debt and operating expenses.

When an auction fails, it signals a lack of investor confidence, potentially leading to higher interest rates and increased borrowing costs for the government. Hanke didn’t mince words, stating that the failed auction indicates “things are just warming up,” suggesting that more economic turbulence is on the horizon.

This lack of investor confidence is often linked to concerns about burgeoning US debt levels. As the national debt continues to climb, some nations are reportedly considering diversifying their reserves by moving away from the US dollar in favor of other currencies or assets, a process known as de-dollarization. While not a sudden exodus, this gradual shift could weaken the dollar’s position as the world’s reserve currency.

Hanke also addressed the burning question of recession odds. While economic indicators often paint a mixed picture, Hanke leaned towards a more pessimistic view, suggesting that the risk of a recession remains elevated. He emphasized that the Fed’s tight monetary policy, aimed at curbing inflation, could potentially trigger a downturn.

Speaking of inflation, Hanke pointed out that despite the Fed’s efforts, inflation is proving to be persistent. He warned that controlling inflation might be a longer and more challenging process than many anticipate. This persistence, coupled with potential recessionary pressures, presents a complex challenge for policymakers.

While the prospect of a declining dollar and a potential recession is undoubtedly concerning, it’s crucial to remember that economies are dynamic and constantly evolving. The conversations sparked by events like the failed Treasury auction are essential for understanding the changing landscape and making informed decisions about the future.

As Hanke suggests, these are just the first rumblings of what could be a significant shift in the global financial order. It’s a time for vigilance, careful analysis, and a preparedness to adapt to the evolving economic reality.

https://youtu.be/_OzfBdodLu4

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 4-13-25

Good Afternoon Dinar Recaps,

SEC PUBLISHES DISCLOSURE GUIDANCE FOR CRYPTO ISSUERS

The US Securities and Exchange Commission (SEC) published guidance on the application of disclosure requirements to crypto-asset securities issuances. It acknowledged that this is an interim step while the SEC Crypto Task Force works on comprehensive guidance. Issuers are expected to comply for the issuance of debt or equity, or a crypto-asset token which is an investment contract at the point of issuance.

Commissioner Peirce has previously noted that many cryptocurrency tokens might be investment contracts subject to securities laws at the point of issuance, but subsequently evolve into commodities. Precisely how that transition is assessed remains to be seen.

The latest guidance might be described as a layman’s guide of what is expected in an S-1 filing, which is made for a securities issuance. However, there are a few points that will particularly impact crypto projects.

Securities: Disclosures that crypto firms need to adapt to

For example, we’ve seen a few crypto projects where the description appears overly technical. The SEC says the business description must be “presented in clear, concise, and understandable language, without overly relying on technical terminology or jargon.”

Some crypto projects have pseudonymous founders. The problem is someone who is extremely dodgy and has been convicted of crimes will embrace the opportunity to take on a pseudonymous persona. While the guidance doesn’t mention pseudonymous founders, it clarifies that officers have to be identified, including those that may not have formal roles but “perform policy-making functions”.

Beyond the very early stages, the issuers of most cryptocurrencies don’t know the identities of the token holders. But at the point of issuance they at least know their wallet addresses. Securities laws require there to be a record of ownership, and the issuer has to disclose where that record is held. This will require crypto firms to get more investor data at issuance and could prove tricky in the early stages of secondary market trading.

Another topic that many crypto firms don’t really address, is what happens if the project fails. Who has the rights to what? That’s something that securities disclosures demand. Additionally, many crypto projects when issuing tokens are often vague about who owns the equity in the issuer. Again, that does not fly in a compliant world.

These new disclosure expectations represent just one element of the SEC’s evolving approach to cryptocurrency regulation under the new leadership of Acting Chair Uyeda. The first action was to rescind SAB 121 that prevented banks from providing digital asset custody.

It has provided guidance on meme coins, crypto mining and stablecoins. Plus, it created a crypto taskforce, which held the first of several crypto roundtables, and it withdrew from various legal cases.

@ Newshounds News™
Source:  Ledger Insights

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BRICS LAUNCHES INITIATIVE FOR INTERNATIONAL PAYMENTS SYSTEM

Amid increased geopolitical uncertainty, the BRICS alliance is taking action, as the bloc has launched an initiative for an international payment system. Indeed, Russian foreign minister Sergey Lavrov has announced the efforts for the bloc to create a payment system that rivals the Western-dominated SWIFT in a recent statement.

The efforts come as a global trade war appears to be inching closer. China, one of the original BRICS countries, is caught in a battle of increased tariffs with the United States that may soon create even more divide and disdain between the West and the Global South.

BRICS Launching New Payment System Initiative Amid Rising Global Tensions

The global economy has seen tension increase over the last two weeks. Specifically, the United States unveiled a new Liberation Day tariff plan, introducing a baseline 10% import duty on all nations. The move sparked concern and outrage, with several countries responding in kind.

The US stock market plummeted, with the economy’s fragility being placed front and center. So, the country opted to place a 90-day pause on the tariff for every nation outside of China. However, the presence of these economic policies has not come without preparatory actions by various nations. Among them is BRICS, which officially launched an initiative for an international payment system.

Russian official Sergey Lavrov discussed the project in a recent statement. “There is an opportunity to form payment platforms that are independent of external influence,” he said. “One of the options is the financial messaging system of the Russian Central Bank.”

Moreover, Lavrov added that the project would be “convenient and completely independent of SWIFT.” Additionally, he highlighted the presence of “several other initiatives under discussion, including within the BRICS framework.”

The proposal to create an alternative payment platform was proposed by Brazil, Lavrov confirmed. Indeed, Brazil is the 2025 BRICS chairman and has been outspoken in its de-dollarization hopes for much of the last several years. This move appears to be aligned with that perspective.

@ Newshounds News™
Source:  Watcher Guru

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Iraq Economic News and Points to Ponder Sunday Afternoon 4-13-25

Al-Sudani: The Return Of The Arab Bank Is Important And Reflects The State Of Political And Economic Stability

Banks   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani stressed on Sunday that the return of the Arab Bank is important and reflects the state of political and economic stability.

The Prime Minister's media office said in a statement seen by Al-Eqtisad News, "Prime Minister Mohammed Shia al-Sudani received, today, Sunday, a delegation from the Arab Bank, headed by Sabih al-Masri, Chairman of the Bank's Board of Directors, accompanied by a number of members of the Bank's Board of Directors, on the occasion of the upcoming opening of the Bank's branch (Arab Bank/Iraq) in the capital, Baghdad."

He added, "During the meeting, they discussed enhancing cooperation between Iraq and the bank in the financial and banking fields, and the bank's participation in financing various investment projects."

The Prime Minister emphasized that "Arab Bank has had a direct presence in Iraq for nearly eighty years," explaining that "its return now is significant and reflects the political and economic stability the country is currently experiencing."

The Prime Minister pointed out "the importance of the bank's activities not being limited to providing financial services, but rather contributing to the country's development and economic stability," stressing "the government's readiness to provide all forms of support and assistance to enhance Arab and foreign banking activity, serving the Iraqi economy and its development."

For its part, the bank's delegation expressed its "willingness to finance a number of investment projects and expand its banking activities, in a manner that will contribute to creating job opportunities and stimulating the economic sector."  https://economy-news.net/content.php?id=54398

The Minister Of Commerce Discusses Ways Of Joint Economic Cooperation With The President Of The American Company (AGMS).

Sunday, April 13, 2025 | Economic Number of reads: 215   Baghdad / NINA / Minister of Trade Atheer Dawood Al-Ghariri discussed with the President of the American company (AGMS) ways of joint economic cooperation.

The Ministry of Trade said in a statement that "Minister of Trade, Atheer Dawood Al-Ghariri, met today, Sunday, with the President of the American company (AGMS), Dr. Eisen, and his accompanying delegation, and discussed with him the prospects of joint economic cooperation and ways for American companies to enter the Iraqi market.

During the meeting, the Minister stressed the importance of building real strategic partnerships with American companies, in a way that achieves common economic interests that benefit the national economy.

The two sides discussed the possibility of establishing an American hospital in Iraq, with the aim of transferring expertise and successful experiences in the field of health services, and strengthening the infrastructure of the health sector, which contributes to providing advanced medical services to citizens.

Minister Al-Ghariri expressed the ministry's readiness to provide all necessary facilities for the success of this initiative, stressing his full commitment to facilitating all procedures for American companies wishing to invest in Iraq, especially in vital sectors that have a direct impact on the lives of citizens.

For his part, the President of the company (AGMS) expressed his appreciation for the role of the Ministry of Trade in creating an attractive environment for investment, stressing that Iraq is a promising market for American companies, which Looking forward to expanding areas of cooperation, especially with regard to providing job opportunities for youth, and contributing to the development of vital services and infrastructure./End  https://ninanews.com/Website/News/Details?key=1197440

The World Bank Announces Its Readiness To Provide Project Financing Facilities In Iraq.

Money and Business   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani stressed on Sunday the importance of private sector projects receiving support from the World Bank.

The Prime Minister's media office said in a statement received by Al-Eqtisad News that "Prime Minister Mohammed Shia Al-Sudani received the World Bank's Vice President for the Middle East and North Africa Region, Ousmane Dione, and his accompanying delegation."

The World Bank delegation, according to the statement, reviewed "the projects under discussion with the ministries and relevant authorities in Iraq, in the railway, highway, and energy sectors, including the fixed gas platform in the port of Faw, and the Ministry of Electricity's plan for the coming years to expand electricity production, transmission and distribution, and other infrastructure projects.

" The Prime Minister appreciated "the World Bank's efforts in supporting Iraq," stressing the importance of "private sector projects receiving support from the bank through the International Finance Corporation (IFC)."

For his part, the head of the delegation expressed "the World Bank's readiness to stand with Iraq in its development renaissance in all fields, as well as its readiness to provide facilities in financing projects, including private sector projects."    https://economy-news.net/content.php?id=54395

Ports Launch A Digital System For Controlling And Auditing Invoices.

The Border Ports Authority has adopted an integrated digital system that includes pre-inspection programs, import license verification, sonar linking, and electronic goods analysis. This is part of a government plan to improve customs work efficiency and accelerate information exchange with relevant authorities.

The head of the ports, Major General Omar Al-Waili, said in a statement yesterday that “the border ports are now adopting electronic programs to verify the entry of goods and prevent smuggling, such as the pre-inspection program, the import license program, the exempted goods program, and the audit of invoices and certificates of origin.”

He added, “Pre-inspection also includes cross-referencing inspection results with inspection companies and the Standardization and Quality Control Authority, in addition to networking sonar and analysis of goods arriving into the country, and electronic communication with most departments operating at the border ports for integration, coordination, and electronic information exchange to quickly seize violating materials.”

 The authority also seized 15 vehicles of substandard models intended for smuggling at the Umm Qasr Middle Port.

A statement received by Al-Zaman yesterday stated that “based on the directives of the Commander-in-Chief of the Armed Forces, Mohammed Shia Al-Sudani, the ports continue to implement operations to seize vehicles without the model permitted to be imported and intended to be smuggled by the weak-minded, as the Directorate of the Umm Qasr Middle Port, in cooperation with the Customs Center and Customs Police, was able to seize three 40-foot containers containing 15 Toyota Crown vehicles without the model permitted to be imported, prepared for smuggling.

” It indicated that “a formal seizure report was prepared and the vehicles were referred to the Umm Qasr Customs Police Station to take appropriate legal action against all those involved in the matter so that they receive their just punishment in accordance with the law.”

Smuggling Attempt

In a related development, the General Authority of Customs thwarted an attempt to smuggle two vehicles without the model allowed to be imported through Umm Qasr Port.

A statement received by Al-Zaman yesterday explained that “the Umm Qasr Middle Customs Center in Umm Qasr Port was able to thwart an attempt to smuggle two Jeep vehicles without the model allowed to be imported.

” The statement confirmed that “the seizure operation was carried out through joint cooperation with the Border Ports Authority and supporting government agencies in the port, with support from the Customs Police.”

 The Authority had previously announced the activities of the customs centers and investigation and anti-smuggling departments.

The statement pointed out that "the Investigation and Anti-Smuggling Department of the Central Region Customs Directorate seized 11 trucks loaded with carpet, cardboard, silicone, plastic granules, cigarettes, motorcycles, spare parts, hair shampoo, and chicken breast," adding that "the Investigation and Anti-Smuggling Department of the Northern Region Customs Directorate succeeded in seizing four trucks loaded with household supplies, accessories, iron, milk, motorcycles, and spare parts."

The statement continued, "The Arar Border Customs Center arrested the owner of a Tahoe tourist vehicle with Dubai license plates who was intending to leave for the Kingdom of Saudi Arabia without paying the late fees due on the vehicle."

 Meanwhile, the National Security Service foiled two drug smuggling operations using innovative methods after hiding the drugs in electrical devices and sandals.

A statement received by Al-Zaman yesterday said that "the Service's detachments succeeded in thwarting two separate attempts to smuggle drugs in the governorates of Baghdad and Basra, revealing various methods used by smugglers to conceal these toxins."

Professional Style

He added, "The detachments succeeded in arresting a drug dealer who used a professional method of hiding narcotics inside electrical appliances and equipment. The operation resulted in the seizure of 700 grams of crystal meth inside these devices.

" He confirmed that "the apparatus' detachments in Basra carried out a second special operation that resulted in the arrest of another suspect who used a different method, as he deliberately hid 400 grams of crystal meth inside a sandal."

Meanwhile, Interior Minister Abdul Amir Al-Shammari directed the formation of 226 main and sub-committees to inspect and evaluate the work of police stations in Baghdad and the governorates.

A statement received by Al-Zaman yesterday said that "Al-Shammari chaired a conference of the main and sub-committees of the Baghdad and governorate police commands, in the presence of the Undersecretary of the Ministry for Police Affairs, where he directed the formation of more than 226 main and sub-inspection committees to evaluate the work of police stations in 16 police commands in the governorates." Al-Shammari stressed that "the committees must submit their reports within seven days of commencing their work."   LINK


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

As US Financial System Falls Apart, Russia Begins BRICS Payments Network to Bypass SWIFT

As US Financial System Falls Apart, Russia Begins BRICS Payments Network to Bypass SWIFT

Sean Foo:  4-13-2025

The simmering trade tensions between the United States and China have reached a boiling point, with former President Donald Trump escalating the conflict to a potentially dangerous new level.

 In a move widely seen as retaliation for China’s own retaliatory measures, Trump has proposed a staggering 50% tariff hike on Chinese imports, effectively pushing the total tariff burden to over 100% on some goods. This aggressive move has sent shockwaves through the global economy, raising serious concerns about the imminent eruption of a full-blown global trade war.

For years, Trump has accused China of unfair trade practices, including intellectual property theft, currency manipulation, and dumping of goods at artificially low prices. He initially imposed tariffs on billions of dollars worth of Chinese imports during his presidency, prompting reciprocal tariffs from Beijing on American goods.

 This tit-for-tat exchange has already disrupted global supply chains, increased costs for consumers, and dampened economic growth.

Now, with the proposed 50% tariff increase, Trump is significantly upping the ante. The impact of such a drastic measure would be far-reaching and could cripple trade relations between the two economic powerhouses.

While the situation appears dire, there is still a possibility of de-escalation. Diplomatic negotiations and a willingness to compromise are crucial to finding a way out of this escalating conflict. Both the US and China need to address their underlying concerns about trade practices and intellectual property rights.

However, Trump’s hardline stance suggests that a swift resolution is unlikely. His supporters argue that a tough approach is necessary to level the playing field and protect American interests. Critics, on the other hand, warn that a trade war would ultimately hurt American businesses and consumers.

The coming months will be critical in determining whether the world is headed for a full-blown global trade war. Trump’s proposed tariff hike represents a significant escalation, and the response from China and the rest of the world will be decisive.

If cooler heads do not prevail, the consequences for the global economy could be severe. The stakes are high, and the world is watching with bated breath.

Watch the video below from Sean Foo for further insights and information.

https://youtu.be/2o2tpd9o7f4