“Tidbits From TNT” Wednesday Morning 8-13-2025

TNT:

Tishwash:  Iraqi Embassy in Washington: Iraq is not subordinate to any country's policy.

The Iraqi embassy in Washington confirmed on Wednesday that Iraq is not subordinate to any country's policies.

The embassy said in a statement received by ( IQ ): "In response to the statements made by the US State Department spokesperson during her recent press conference, we affirm that Iraq is a fully sovereign state and has the right to conclude agreements and memoranda of understanding in accordance with the provisions of its constitution and national laws, and in a manner consistent with its supreme interests."

He added, "Iraq enjoys friendly and cooperative relations with a large number of countries around the world, including its geographical neighbors, the United States of America, and other friendly countries, and is keen to build these relations on the foundations of mutual respect and common interests," stressing that "Iraq is not subservient to the policies of any country."

She pointed out that "Iraq's decisions stem from its independent national will. In this context, the security agreement recently signed with Iran comes within the framework of bilateral cooperation to maintain security and control the common border, in a way that achieves the stability and security of the two countries and serves the security of the region as a whole  link

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Tishwash:  The Central Bank of Iraq discusses the banking reform plan with Oliver Wyman.

On Tuesday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed with the international company Oliver Wyman the details of the banking reform plan submitted by the Iraqi Private Banks Association, as part of efforts to develop the banking sector and align it with international standards.

The Central Bank stated in a statement received by Shafaq News Agency that Al-Alaq and the relevant team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan.

Al-Alaq confirmed in the statement that the Central Bank had completed an extensive discussion, during which attendees expressed an understanding of the points contained in the letter and ways to flexibly adapt some of the plan's provisions to facilitate implementation. The company has begun studying available avenues to present the best proposals and ideas in this regard as soon as possible.

The statement continued, "This is confirmed by what the bank announced during the months-long plan preparation period, which stated that the goal of the plan is to achieve a real project to build and stabilize the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest levels of efficiency and effectiveness, using the best practices and modern technologies."

The bank emphasized that the plan would "enhance local and international confidence in the Iraqi banking sector, particularly since implementing the plan and adhering to its provisions will lead to the restoration of relationships between all banks that meet the plan's requirements and internationally accredited correspondent banks, particularly those that do not currently have international banking relationships."  link

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Tishwash:  The Ministry of Finance postpones the submission of the 2025 budget schedules, and first-half revenues exceed 60 trillion dinars.

Financial and economic affairs expert Haider Al-Sheikh revealed today, Tuesday (August 12, 2025), that the Ministry of Finance informed the General Secretariat of the Council of Ministers of postponing the submission of the federal budget tables for the year 2025.

In an interview with Baghdad Today, Al-Sheikh said, "The Ministry of Finance has officially informed the General Secretariat of the Council of Ministers that it will postpone sending the schedules for the draft federal budget law for 2025 until the relevant authorities complete the audit of the allocations."

He explained that "the Prime Minister's directive to the Ministry of Finance to release bonuses, promotions, and service calculations for state employees, as well as the Ministry of Finance's letter to the General Secretariat of the Council of Ministers, confirm that there are no budget schedules for this year."

He added, "Oil and non-oil revenues generated from January to July 2025 amounted to more than 60 trillion dinars, an amount sufficient to pay employee salaries as planned in last year's operating budget."

He stressed that "oil and non-oil revenues are expected to reach more than 130 trillion dinars by the end of this year, sufficient to pay the salaries of employees and retirees, the social safety net, in addition to food ration card and energy bills, and operating expenses."

The federal budget preparation process in Iraq faces recurring challenges, most notably the volatility of global oil prices, political pressures over allocations, and technical issues in auditing government spending. Delays in submitting budgets to the Council of Ministers and then Parliament often lead to the disruption of investment projects and the postponement of development plans. Meanwhile, the government continues to rely on operating expenses to cover salaries and basic expenses, a pattern that occurred in previous years when budgets were approved in the second half or even at the end of the year.  link

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Iraq Economic News and Points To Ponder Tuesday Afternoon 8-12-25

Central Bank: 80% Of Currency Stored In Homes, 10 Banks Liquidated

Time: 2025/08/12 12:50:23 Read: 1,170 times  {Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Al-Alaq, stressed that the Banking Reform Document (2025) represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings.  Al-Alaq pointed out in a press statement that "about (80%) of the Iraqi currency is stored outside banks in homes due to the lack of confidence in the banking system."

Al-Alaq explained that "the reform document aims to modernize banks according to international standards and attract global partnerships."

He revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customer deposits.  LINK

High Exchange Rate In Baghdad
Economy | 12/08/2025  Mawazine News - Baghdad -  Exchange rates against the Iraqi dinar witnessed a significant increase on Tuesday in local markets in Baghdad.  The prices were as follows:
- Selling: 141,500 Iraqi dinars for every $100. - Buying: 139,500 Iraqi dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=264941

Al-Alaq: The Reform Plan Aims To Stabilize The Iraqi Banking Sector And Enhance Local And International Confidence In It

Tuesday, August 12, 2025 | Economic Number of reads: 191  Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, stressed: "The banking reform plan aims to stabilize the Iraqi banking sector and enhance local and international confidence in it.

A statement by the Central Bank's media office said: "Al-Alaq and the specialized team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan."

Al-Alaq confirmed, according to the statement: "The Central Bank completed an extensive discussion in which the attendees expressed their understanding of the axes mentioned in the letter and ways to adapt some provisions of the plan flexibly to facilitate implementation steps.

The company began studying the available means to present the best proposals and ideas in this regard as soon as possible."

He pointed out: "The goal of what was stated in the plan is to reach a real project in building and stabilizing the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest degrees of efficiency and effectiveness and the use of best practices and modern technologies."

He stressed: "The plan will enhance local and international confidence in the Iraqi banking sector, especially since implementing the plan and adhering to its provisions will lead to restoring the relationships of all banks that meet the plan's requirements with internationally accredited correspondent banks, especially banks that do not currently have international banking relationships." / End   https://ninanews.com/Website/News/Details?Key=1246080

The Central Bank Unveils A Comprehensive Plan For Banking Reform

Economy | 12/08/2025   Mawazine News - Baghdad -  The Governor of the Central Bank, Ali Al-Allaq, announced a comprehensive plan for banking reform on Tuesday.

A statement issued by the bank stated that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Allaq, and the specialized team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan."

The statement added that Al-Allaq confirmed that "the Central Bank completed an extensive discussion in which the attendees expressed understanding of the axes mentioned in the letter and ways to adapt some provisions of the plan flexibly to facilitate implementation steps. The company has begun studying available means to present the best proposals and ideas in this regard as soon as possible."

The statement stressed that "the Central Bank, as announced during the months-long plan preparation period, the goal of what was stated in the plan is to achieve a real project to build and stabilize the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest levels of efficiency and effectiveness, using the best practices and modern technologies."

He continued, "The Central Bank affirms that the plan will enhance local and international confidence in the Iraqi banking sector, especially since implementing the plan and adhering to its provisions will lead to restoring the relationships of all banks that meet the plan's requirements with internationally accredited correspondent banks, especially banks that do not currently have international banking relationships."

According to the statement, the Central Bank thanked all banks for their interaction with the plan and their fruitful cooperation with the Central Bank to achieve common goals serving the public interest, stressing that "the success of the plan depends on the cooperation of all concerned parties."

He pointed out that "the bank has succeeded in many aspects during the past period and hopes to succeed in moving forward with this plan and completing it to the fullest extent." https://www.mawazin.net/Details.aspx?jimare=264969

Gold Prices In Local Markets

Tuesday, August 12, 2025 | Economic Number of reads: 173   Baghdad / NINA / Gold prices in the local markets in Iraq recorded a remarkable stability today, Tuesday, coinciding with the global gold ounce recording $3,354.  The following are the selling prices of mithqals in the local market:

21-carat mithqal: 662 thousand dinars.
18-carat mithqal: 567 thousand dinars.
22-carat mithqal: 693 thousand dinars.
24-carat mithqal: 756 thousand dinars. / https://ninanews.com/Website/News/Details?key=1246021

Basra Heavy and Medium Crude Oil Declines by About 2%
Economy | 12/08/2025  Mawazine News - Baghdad -  Basra Heavy and Medium crude oil prices fell in trading on Tuesday.   Prices were as follows:

- Basra Heavy crude prices fell 87 cents, or 1.33%, to $64.73.
- Basra Medium crude prices fell 87 cents, or 1.26%, to $67.98. https://www.mawazin.net/Details.aspx?jimare=264936

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-12-25

Good Afternoon Dinar Recaps,

91% of Investors Say US Stock Market is Overvalued, According to New Bank of America Survey

A record-high 91% of fund managers now believe the U.S. stock market is overvalued, according to the latest Bank of America (BofA) survey reported by Bloomberg. This marks the highest level of market overvaluation sentiment since 2001.

Key Findings from the Survey:

• Record pessimism on U.S. equities: 91% of respondents think U.S. stocks are overpriced.

• Shift toward foreign markets: Investor allocations to overseas markets have reached their highest levels since February, signaling a sentiment shift away from U.S. equities.

• Bubble risk warning: BofA strategist Michael Hartnett cautions that the recent rally could turn into a bubble, as cash levels have fallen to 3.9% of total assets — a historical signal of an impending sell-off.

• Emerging market optimism: A net 49% see emerging market (EM) stocks as undervalued, the highest level of EM optimism since February 2024.

Most Crowded Trades Identified:

• Long positions in the Magnificent 7 tech stocks

• Short the U.S. dollar

• Long gold

Top Tail Risks Cited by Investors:

• Trade war–induced recession

• Persistent inflation preventing Federal Reserve rate cuts

• Disorderly rise in bond yields

• AI-driven equity bubble

• U.S. dollar debasement

 @ Newshounds News™

Source: The Daily Hodl

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Death of the US Dollar Has Begun With BRICS Rebellion, Says Forecaster

American trend forecaster Gerald Celente warns that the BRICS alliance is poised to put the US dollar “on its death bed,” as member nations grow increasingly self-sufficient and independent from USD reliance.

In a podcast interview with journalist Rick Sanchez, Celente highlighted that China and India now possess robust economies capable of thriving without the dollar.

• China dominates global manufacturing, supplying the US and Western nations with essential goods.

• Russia, despite sanctions, is expected to see GDP growth of 1.4% in FY 2024–25.

• India is increasingly self-sustained through domestic manufacturing and job creation, with only 2% of its GDP tied to trade with the United States.

Celente emphasized that recent US tariffs on India, imposed by President Donald Trump, are unlikely to significantly impact India’s economy. “They’re becoming more self-sustaining and self-sufficient. They’re buying and making their own products, and the people are buying them there. That’s what used to be in America,” he said.

A Growing Economic Force

BRICS is now positioned as a collective financial powerhouse capable of shifting global market trends and policy directions. Should the bloc stop using the US dollar in trade, the resulting deficit could further weaken the currency.

“The world has had enough of the United States’ hegemony. The world is becoming fed up,” Celente stated, noting that China, once lacking heavy industry and high-tech capabilities, is now a leader in both — including the production of electric vehicles.

Celente concludes that this self-sufficiency is accelerating the dollar’s decline and solidifying BRICS’ role in the next phase of global economic realignment.

@ Newshounds News™
Source:  Watcher Guru

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“Tidbits From TNT” Tuesday 8-12-2025

TNT:

Tishwash:  Karmal partners with ZagTrader for Electronic Trading in Iraq

Karmal Brokerage has secured approval from the Iraq Stock Exchange (ISX) to launch a comprehensive digital transformation project in preparation for operations on the "Tabadul" electronic trading platform.

According to a press release, the initiative, the first of its kind in Iraq's financial market, supports the government's vision to enhance transparency and modernise trading infrastructure in line with international best practices.

Karmal will deploy the global ZagTrader platform to manage its front, middle, and back-office operations, integrate AI technologies, and implement anti-money-laundering (AML) and E-KYC procedures. The system will provide a secure, efficient, and fully integrated trading environment.

CEO Waseem Al-Jazrawi said the project will boost investor confidence and strengthen Iraq's financial market both regionally and internationally, praising the support from the Iraq Stock Exchange Board of Governors and the Iraqi Securities Commission (ISC).  link

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Tishwash:  Relations: 10 banks are unable to return customer deposits, and lack of confidence keeps 80% of funds outside banks.

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday (August 12, 2025), that about 80% of the Iraqi currency is stored outside banks in homes due to the lack of confidence in the banking system.

Al-Alaq explained in a press statement followed by "Baghdad Today" that "the reform document for the year (2025) aims to modernize banks according to international standards and attract global partnerships," stressing that "the banking reform document represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings."

He also revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customers’ deposits.    link

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Tishwash:  Government advisor: Great stability in the Iraqi market and inflation falling to less than 3%

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the significant positive interaction in the Iraqi market has had a significant impact on its stability, noting that this success is evident in the decline in annual inflation rates to below 3%.

Saleh told Al Furat News Agency, "This remarkable decline in annual inflation rates indicates that expectations related to the exchange rate are moving toward calm and stability."

He added, "The parallel currency exchange market has begun to clearly follow the official market, and this trend is expected to continue until the end of this year, based on current economic data."

This development, according to Saleh, reflects "an improvement in overall economic performance and the success of monetary and government policies aimed at regulating markets and achieving the desired economic stability."  link

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Tishwash:  The Prime Minister inaugurates the Bismayah Gas Investment Plant.

Prime Minister Mohammed Shia al-Sudani inaugurated this morning, Monday, August 11, 2025, the additional expansion unit of the Bismayah Gas Investment Plant.

The Prime Minister's Media Office noted that the expansion unit will add 300 megawatts to the station's output, bringing its total capacity to 5,000 megawatts.

Bismayah Power Plant is located east of the capital, Baghdad, and operates on a combined cycle system. The plant consists of three stages, each stage consisting of six generating units, four of which are gas-fired and two steam-fired, which brings the total number of production units to 18 units (12 gas-fired units and 6 steam-fired units) with a total capacity of 4,500 megawatts  link

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Mot:  . Lets Go ""Camping"" -- It Will Beeeeee Fun They Say!!!!

Mot:  . Now Ya Knows 2 !!!!! 

Seeds of Wisdom RV and Economic Updates Tuesday Morning 8-12-25

Good Morning Dinar Recaps,

SEC to Focus on ‘Clear’ Crypto Regulations After Ripple Case

Five-Year Legal Battle Ends
The United States Securities and Exchange Commission (SEC) is preparing to pivot toward building a clear regulatory framework for cryptocurrency after concluding one of the industry’s most closely watched legal disputes.

Last Thursday, both the SEC and Ripple Labs filed to drop their legal appeals and bear their own costs, officially ending an almost five-year courtroom battle.

• Hester Peirce, SEC Commissioner, called the conclusion a “welcome development” that frees up resources for rulemaking.

• SEC Chair Paul Atkins echoed the sentiment, stating the focus should now shift “from the courtroom to the policy drafting table” to create rules that foster innovation while protecting investors.

Case History & Ruling

• SEC sued Ripple in December 2020, alleging $1.3 billion in unregistered XRP securities sales.

• In July 2023, Judge Analisa Torres ruled XRP was not a security for retail sales, but was for institutional sales.

• Ripple was fined $125 million in August 2024.

Legislative Push: The CLARITY Act
The case’s conclusion coincides with the advance of the Digital Asset Market Clarity Act (CLARITY Act), which seeks to define the structure of digital asset markets.

• Republican lawmakers and the Senate Banking Committee aim to pass the bill by Sept. 30.

• Opposition is mounting from key Democratic members, who label the bill “dangerous.”

Political Divide on Crypto Policy

• Rep. Maxine Waters (D-CA) criticized Republicans for “fast-tracking” both the CLARITY Act and the Anti-CBDC Surveillance State Act, which would prohibit the launch of a U.S. central bank digital currency.

• The clash highlights deepening partisan divides over the future of crypto regulation.

@ Newshounds News™
Source:  Cointelegraph

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Payment Giant Stripe Building ‘Tempo’ Blockchain with Crypto VC Paradigm: Report

Strategic Partnership Targets Fortune 500 Integration
Payments giant Stripe is developing Tempo, a high-performance Layer 1 blockchain for payments, in collaboration with crypto venture capital firm Paradigm. This initiative follows Stripe’s recent $1.1 billion acquisition of Bridge (a stablecoin infrastructure provider) and purchase of wallet developer Privy.

The project, described as Ethereum-compatible, reportedly involves a five-person team targeting Fortune 500 companies. Paradigm’s Matt Huang, a member of Stripe’s board, is partnering on the build, aiming to create a full-stack crypto infrastructure spanning wallets, stablecoins, and blockchain processing.

Building a Complete Crypto Payments Stack
Stripe’s blockchain move comes after a methodical acquisition strategy:

• Bridge — stablecoin payments platform.

• Privy — wallet infrastructure.

Tempo would enable Stripe to control the server layer for processing stablecoin transactions, creating end-to-end crypto payment solutions.

Stripe’s Crypto Evolution

• Entered crypto in 2014, becoming the first major processor to support Bitcoin.

• Paused Bitcoin support due to inefficiencies.

• Rebuilt blockchain team in 2021.

• Expanded crypto initiatives throughout 2024.

• Launched stablecoin payments in 70 countries (October 2024).

• Rolled out Stablecoin Financial Accounts in 101 countries.

• Currently supports Circle’s USDC and Bridge’s USDB.

Earlier in 2024, Stripe partnered with Ramp to launch stablecoin-backed corporate cards, initially in Latin America, later expanding to Europe, Africa, and Asia.

Regulatory Boost from the GENIUS Act
CEO Patrick Collison told Congress in March that stablecoins had matured significantly. The GENIUS Act, passed in July, provided the regulatory clarity needed for large-scale corporate adoption.

Corporate Rush Into Stablecoins

• Market capitalization: now over $250 billion.

• Ripple CEO Brad Garlinghouse projects $1–2 trillion within a few years.

• MetaMask planning “MetaMask USD” via Stripe infrastructure.

• Western Union, Interactive Brokers, and Remitly all advancing stablecoin pilots.

• Major retail players (Amazon, Walmart, JD.com, Alipay) exploring integration.

Dollar Dominance via Stablecoins
Federal Reserve Governor Christopher Waller stated that 99% of stablecoin market cap is USD-linked, arguing that this trend helps keep the U.S. dollar as the world’s reserve currency by boosting global accessibility.

Strategic Impact
Stripe’s Tempo blockchain could:

• Capture stablecoin processing in-house.

• Enable instant adoption through Stripe’s millions of merchant connections.

• Position Stripe at the center of the global stablecoin economy.

@ Newshounds News™
Source:  Cryptonews

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

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Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

MilitiaMan and Crew: IQD News- Modernization & Economic Transformation

MilitiaMan and Crew:  IQD News- Modernization & Economic Transformation

8-11-2025

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

Welcome to our latest video where we dive deep into the exciting developments surrounding the Iraqi dinar and the ongoing modernization efforts within Iraq's financial landscape!

 In this video, we explore:

🔹 The Iraqi Dinar: Learn about the current state of the Iraqi dinar and its significance in the global market. We discuss the exchange rate markets both informal and formal and the results of reforms to get them in parity. The impact that is to come has massive implications.

🔹 Modernizing Customs Administration: Iraq having modernized its customs administration to enhance trade efficiency and reduce bureaucratic hurdles is in line with monetary and economic reforms.The revenues collected with a streamlined process will be extremely effective.All of which is to support a REER.

🔹 The First Phase of the Development Road Project: Get an insider’s look at reality that the Development Road Project, a key initiative is geared for to boost infrastructure and connectivity across the region. All is for the plan to facilitate international cross border trade internationally. All for to transform Iraq's economy!

🔹 Bank Measures and Liquidation of Iraq's Banks: The measures taken to date focus on the steps to liquidate no viable banks and to integrate those that are inline with international standards. All of which is geared for iraq;s integration into the international financial system.

🔹 Exchange Rate Trends in the Iraqi Market: Exchange rate trends show that what has taken place has been for a purpose. That is to support the value of the Iraqi dinar exchange rate into the future.

 Join us as we unpack these critical topics and provide insights into how these developments are shaping the future of Iraq's economy.

https://www.youtube.com/watch?v=-KG2GXYyCE8

Iraq Economic News and Points To Ponder Monday Afternoon 8-11-25

Complete Power Outage In Iraq

August 11, 2025   Baghdad - Al-Zaman  The Iraqi Ministry of Electricity announced on Monday a complete power outage and shutdown of the electricity grid after the network lost more than 6,000 megawatts of power in a sudden and accidental manner, leading to an acceleration in the frequency of generating units.

In the midst of a scorching summer with temperatures exceeding fifty degrees, the complete power outage in Iraq came as a painful slap on top of the flames of bodies, as if the air itself had turned into a wall of fire surrounding cities and villages.

Voices of anger rose on social media, with one tweet saying: “We are burning without a fan, without air conditioning, without hope,” and another mocking: “Electricity in Iraq is like a crescent moon, we only see it for a few days.”

Houses have turned into ovens, walls storing the day's heat and re-igniting it at night. Children seek refuge on rooftops for a passing breeze, while the elderly suffocate in closed rooms.

In the markets, refrigerators and iced water dispensers stopped working, making a glass of cold water a luxury, and ice machines were selling for many times their original price, amidst crowding and confusion.

An activist wrote on Facebook: “It’s not the darkness that kills us, it’s the heat that devours our breath,” while another commented: “In the land of oil, we buy generators so we can live an hour of air.”

The wave of discontent extended to small protests in some neighborhoods, where young people gathered carrying signs reading "Electricity is a right, not a favor," while social media networks broadcast live from the burning alleys.

The ministry confirmed that control centers are working intensively to gradually restore the isolated units and transmission lines to operation over the coming hours.

The official spokesman for the Ministry of Electricity, Ahmed Musa, said, “The increased loads on the system in Karbala and Babylon caused the disconnection of the two power transmission lines (Musayyib-Babylon 400 kV) and the system to be completely shut down.” He pointed out that “the ministry is working day and night to serve citizens and complete strategic projects that will support the capabilities of the electricity system (production, transmission, and distribution).” LINK

The Power System Will Gradually Begin To Be Restored, And Service Will Be Fully Restored Within Hours.

Energy   The Ministry of Electricity announced on Monday that it would begin gradually restoring the power system and restore full service within hours.

Undersecretary of the Ministry of Electricity for Production Affairs, Mohamed Nehme, said in a statement: "An emergency disconnection occurred this afternoon in the electrical power transmission lines, causing a blackout in large parts of the national electricity system."

He added, "Our technical teams are currently working to address the fault and restore operation. They have begun gradually restoring power, and service will be fully restored within the coming hours."

Earlier on Monday, the ministry announced that the grid had suddenly and accidentally lost more than 6,000 megawatts, which led to an acceleration in the frequency of generating units, leading to their shutdown and a complete blackout of the system.

The ministry confirmed that control centers are working expeditiously to gradually restore disconnected units and transmission lines to operation over the coming hours.    https://economy-news.net/content.php?id=58667

Government Advisor: Great Stability In The Iraqi Market And Inflation Falling To Less Than 3%

Time: 2025/08/11 11:25:37 Reading: 570 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the significant positive interaction in the Iraqi market has had a significant impact on its stability, noting that this success is evident in the decline in annual inflation rates to below 3%.
Saleh told Al Furat News Agency, "This remarkable decline in annual inflation rates indicates that expectations related to the exchange rate are moving toward calm and stability."

He added, "The parallel currency exchange market has begun to clearly follow the official market, and this trend is expected to continue until the end of this year, based on current economic data."

This development, according to Saleh, reflects "an improvement in overall economic performance and the success of monetary and government policies aimed at regulating markets and achieving the desired economic stability."  LINK

Saudi Arabia affirms its commitment to continued cooperation with Iraq.

Money and Business

Economy News - Baghdad
President Abdul Latif Jamal Rashid discussed on Monday with the Saudi Ambassador to Iraq, Abdulaziz Al-Shammari, the importance of continuing joint cooperation at all levels.

The Presidency of the Republic stated in a statement received by "Al-Eqtisad News" that "the meeting discussed the importance of developing prospects for joint cooperation between Iraq and the Kingdom of Saudi Arabia and coordination on various issues of mutual interest, in order to achieve the aspirations of the two brotherly peoples for development, prosperity, and the establishment of security and stability in the region."

In turn, the Saudi ambassador affirmed, "The Kingdom is keen to maintain cooperation with Iraq at all levels in a way that serves progress, prosperity, and stability," noting the "depth of relations and ties between the two countries."  https://economy-news.net/content.php?id=58648

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

AI: The Invisible Engine of the Financial Reset

AI: The Invisible Engine of the Financial Reset

Miles Harris:  8-11-2025

The global financial system is undergoing a profound transformation. Artificial intelligence is being embedded into the very wiring of a new financial architecture.

 It is the invisible engine driving this reset, powering real time operations, predictive surveillance, and automated policy decisions.

 The speed and reach of this integration is unprecedented. It is being presented as progress, as the arrival of a more efficient and rational system, but beneath the surface it raises deeper questions about power, control, and the future of human agency.

 00:00 Intro

00:42 AI + Finance

02:03 AI + Regulatory Technology

 03:35 AI + Digital Identity

 04:14 AI + ESG Scoring

05:09 The Infrastructure Layer & its Choke Points

 06:00 Data as the Commodity of the Reset

06:43 The Psychological & Behavioural Layer

 08:37 Failure Models & Systemic Risks

 09:18 AI + Governance Risks

10:46 The Broader Reset

12:10 Conclusion

https://www.youtube.com/watch?v=HLzv8j1Crcs

Seeds of Wisdom RV and Economic Updates Monday Afternoon 8-11-25

Good Afternoon Dinar Recaps,

China and Russia Hit Trade Milestone, Defying U.S. Tariff Threats

Record High in July
According to the Chinese General Administration of Customs, bilateral trade between China and Russia reached $19.14 billion in July — the highest monthly figure this year — despite U.S. warnings of secondary tariffs on Russian oil sales. China remains one of the largest buyers of Russian crude.

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Yearly Trends and Oil Dependency

• July trade rose 8.7% compared to June.

• However, it was 2.8% lower than July 2024.

• Russian crude remains a major driver, with 108.5 million metric tonnes shipped to China in 2024, accounting for 19.6% of China’s total crude imports.

• From January to June 2025, Russia delivered 49.11 million metric tonnes — down 10.9% from the same period last year.

Geopolitical Context
Despite ongoing sanctions and supply restrictions, trade volumes remain strong, suggesting Beijing is largely unfazed by Washington’s recent threats to impose additional penalties on Russian oil transactions.

Potential U.S.-China Trade Impact

• The U.S. government has already applied a 25% tariff on Indian oil purchases.

• The current U.S.–China trade moratorium ends August 12, though Treasury Secretary Scott Bessent has signaled a likely extension, saying trade is in “a very good place with China.”

• President Trump has claimed a trade deal with China is “sort of” in place, but further tariff measures could disrupt finalization.

Strategic Calculations
China’s continued imports may indicate confidence in an eventual resolution to the Russia-Ukraine conflict, or a calculated bet that the U.S. will not escalate tariff enforcement against Chinese oil imports.

@ Newshounds News™
Source:  Bitcoin.com

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BRICS Shakeup: India Chooses U.S. Over Russia in Sudden Shift

Tariff Threat Forces Overnight U-Turn
In a stunning policy reversal, India has abandoned its $50.2 billion annual Russian oil partnership within just 24 hours after facing crippling tariff threats from Washington. President Trump’s 25% tariff on Indian goods — with potential hikes to 100% — targeted New Delhi’s purchases of Russian crude and military equipment, forcing a choice between Russia and India’s most important trade partner: the United States.

Why India Chose Washington

• U.S. = India’s largest trade partner, worth $186 billion in 2024–2025.

• Accounts for 18% of India’s exports, with a $41 billion trade surplus at stake.

• Risk to key service-sector revenues outweighed energy ties with Russia.

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Impact on Russian Energy Exports
Before the ultimatum, India imported 87.4 million tons of Russian oil annually — about 35% of its total crude imports.

• State-owned refiners controlling 60% of India’s 5.2M bpd capacity immediately stopped Russian purchases.

• Supplies replaced with Middle Eastern (Abu Dhabi) and West African crude.

• Russia, already hit by Europe’s embargo, loses its largest oil customer, forcing steep discounts to move stockpiles.

BRICS Alliance Reality Check

• India’s defection delivers a strategic blow to Moscow and exposes limits of BRICS unity.

• The move came hours after ex-Russian President Dmitry Medvedev dismissed U.S. tariff threats.

• Russia now faces a wartime economy with a budget deficit projected to exceed $100 billion by year’s end.

Geopolitical Significance
This reversal highlights a core weakness in anti-Western alliances: economic leverage from the U.S. and its allies remains powerful enough to override years of alternative trade bloc building. Despite BRICS’ ambitions, Washington’s economic dominance is still decisive in shaping global trade alignments.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

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“Tidbits From TNT” Monday 8-11-2025

TNT:

Tishwash:  Sudanese advisor: White noise supports exchange rate stability in the Iraqi market

The Prime Minister's financial and economic advisor, Mazhar Mohammed Salih, confirmed that the success of the three fiscal, monetary, and trade policies in working together is what has led to the continued convergence of the exchange rates in the parallel and official markets.

Saleh said in a statement to {Euphrates News}: “The continuation of these general policies constitutes positive information for the market, known as ‘white noise’, which is a condition that makes the market maintain stable rates and prevents the parallel market from taking any negative directions.”

He added, "The parallel exchange market is now moving toward convergence with the official fixed rate, which is considered one of the strongest stages of stability in the monetary market, as a result of the success of the three pillars of economic policy."  link

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

Tishwash:  The Central Bank Governor announces funding for housing projects and international praise for dollar transfer operations.

 Central Bank Governor Ali Al-Alaq announced today, Sunday (August 10, 2025), that the bank has financed housing projects with an amount of 12 trillion and 300 billion dinars.

In a press statement followed by Baghdad Today, Al-Alaq noted that "international parties have praised the dollar transfer operations conducted by the Central Bank," stressing that "Iraq is unique in being the only country that successfully carries out these operations." 

As the Iraqi government strives to strengthen the housing sector and provide the necessary financial support for housing projects, the Central Bank plays a pivotal role in financing these projects with large sums of money, aiming to improve the housing situation for citizens.  link 

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

Tishwash:  Al-Sudani directs a review of the provisions of the banking reform document after receiving comments from the Iraqi Private Banks Association.

Prime Minister Mohammed Shia al-Sudani reviewed the latest developments related to the banking reform paper, particularly the provisions affecting private banks, in light of the comments and responses he received from various stakeholders.

Al-Sudani commended the efforts made by the Central Bank of Iraq in preparing the banking reform document, which aims to enhance financial stability, achieve transparency, and raise the efficiency of the banking sector. He affirmed the government's full support for all reform initiatives aimed at developing the country's financial and monetary infrastructure, in line with international best practices.

In the same context, the Prime Minister paid close attention to the comments of the Iraqi Private Banks Association, contained in its letter dated August 3, 2025, which addressed the objective challenges facing local banks in implementing some reform provisions, particularly those related to capital increase requirements, the adoption of strategic partners, the costs of contracting with foreign companies, and the timelines required for implementing reforms.

Driven by his commitment to achieving a realistic balance between reform requirements and the capabilities of local banks, the Prime Minister directed the adoption of a participatory and consultative approach between the Central Bank and Iraqi banks, through the formation of joint technical committees to review reform requirements and ensure their compatibility with the national financial and economic reality, while protecting the interests of local and international investors and those working in the sector.

In this context, Al-Sudani emphasized that the goal of reform is not exclusion but empowerment, calling for an expanded dialogue to clarify the technical aspects of the document and discuss implementation mechanisms in a gradual and thoughtful manner.

He also stressed the importance of taking into account the specificities of Iraq's reality when applying international standards, while emphasizing the need to formulate procedures in a way that enhances confidence in the banking sector and contributes to its development.

The Prime Minister concluded his remarks by emphasizing that the doors to discussion are open, and that the government continues to support all sincere efforts, both national and international, aimed at reforming the financial and banking system to serve the public good and the national economy. link

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

Tishwash:  The toman is worth nine million for every $100.

 The price of the toman, today, Sunday (August 10, 2025), recorded nine million for every 100 dollars, affected by news of upcoming negotiations between Iran and the United States of America.

Informed sources confirmed to the Tehran Times, followed by Baghdad Today, that "Tehran and Washington are showing a willingness to resume negotiations, but with a fundamental difference this time, as Iran is demanding that a clause for compensation for damages resulting from military operations be included as a fundamental part of any future agreement."

Sources said that "Norway has emerged as a leading candidate to host a new round of talks between Iran and the United States amid escalating regional and international tensions over the Iranian nuclear issue."

She added, "These negotiations are expected to begin indirectly, through a mediator who will act as a conduit between the two parties, starting this month."  link

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

Mot:  Did Ya Ever Wonder ???? 

Mot:  It Was a Tough Day But I ~~~~~

Iraq Economic News and Points To Ponder Monday Morning 8-11-25

Almost Impossible... Iraqi Banks Are Threatened With Closure Due To The Central Bank's New Conditions.
 
10 Aug 13:19  Information / Baghdad..  Economic expert Mustafa Hantoush considered on Sunday that the requirement to     raise the capital of Iraqi banks to 400 billion dinars, in addition to the   necessity of a foreign partner, are "almost impossible conditions" at the current stage, especially with  foreign investors reluctant to enter the Iraqi market   due to the political and economic instability. 

Hantoush told Al-Maalouma, "Implementing these standards requires  a more open investment environment and   deeper reforms to the economic and legal infrastructure."

He emphasized that   "a number of Iraqi banks provide good services and deserve support and incentives,  not strict standards that could lead to their closure." 
 
Hantoush called on the Central Bank of Iraq to     "adopt a gradual reform plan that takes into account the   reality of the local market and   strikes a balance between  protecting the banking sector and  stimulating its growth,"emphasizing that  "financial policies must focus on enhancing the competitiveness of national banks rather than weakening them."
 
This comes amid moves by the Central Bank to grant new licenses to foreign banks,   a move some see as an attempt to increase competition and improve services, while others warn it could exacerbate the challenges facing local banks.    https://almaalomah.me/news/107043/economy/شبه-مستحيلة-مصارف-عراقية-مهددة-بالإغلاق-بسبب-شروط-البنك-المر   

Iraqi Banking Analysis Reveals Troubling Lending Ratios
 
    Business     Iraq     Jawad Al-Samarraie     August 10, 2025      615     The new headquarters of the Central bank of Iraq (CBI). Photo: Zaha Hadid Architects
 
Baghdad (IraqiNews.com) – A  recent analysis of Iraq’s 2025 banking data by economic expert Manar Al-Obaidi has    exposed a   significant disparity in lending practices,   particularly among the nation’s smaller financial institutions.
 
The report, which is stirring debate within financial circles,  raises serious questions about the   oversight and   effectiveness of the   Central Bank of Iraq’s loan initiative.
 
The analysis categorizes Iraqi banks into three distinct groups based on their credit-to-deposit ratios.
 
Large banks, with assets exceeding one trillion Iraqi dinars,     maintain a stable ratio of 46%,which is
     well within international safety standards. However, for medium-sized banks (with assets between 500 billion and one trillion dinars),this     ratio jumps to 109%.
 
The most alarming figures come from small banks (with assets below 500 billion dinars), where the
 ratio soars to an astonishing 400%,  meaning their loan portfolios are four times the size of their deposits.
 
To illustrate this disparity, Al-Obaidi’s analysis cites specific examples.
 
One small bank with just 2.2 billion dinars in deposits extended loans valued at 440 billion dinars.
 
Another had deposits of only three billion dinars while managing a credit portfolio exceeding 136 billion dinars.

The majority of these loans were sourced from the Central Bank’s 13.5 trillion dinar initiative for small and medium-sized enterprises.
 
This trend is prompting critical questions:
 
 How were institutions  with such a limited deposit base and   questionable creditworthiness enabled to manage these massive sums?
 
 What is the nature of the projects being funded, and   what is their actual impact on Iraq’s economy and GDP?

Al-Obaidi’s analysis suggests that   while the initiative has been in place for over two years, the 
  loan-granting mechanism needs a comprehensive review.
 
He also calls for    a re-evaluation of banks based on deposits and client base,as well as  more rigorous oversight of the small banks   that appear to have found a massive opportunity for financial maneuvering without clear standards or accountability.
 
The analysis concludes with the central and most pressing question: 

     Who are the real beneficiaries of these loans, and
     did the initiative truly achieve the economic goals for which it was launched?      
https://www.iraqinews.com/business/iraqi-banking-analysis-lending-ratios-cbi/   

By Integrating The Private Sector, An Expert Says Iraq Has The Potential To Attract Hard Currency Through The Tourism Investment Sector.
 
August 10, 2025   Baghdad/Iraq Observer   Economic and financial expert Safwan Qusay asserted that Iraq possesses the potential to increase its attractiveness in the tourism investment sector, given that Iraq currently boasts 12,000 cultural and religious tourist sites, in addition to natural areas. 

Qusay told the Iraq Observer, "The Tourism Authority should  demand the return of its assets and  invest them rationally,  involving the regular private sector in the investment sector,  whether in hotels, restaurants, or transportation.
 
Millions of tourists visit Iraq annually, so tourism is a permanent source of income." 

 He added that Iraq has an opportunity to connect the holy cities of Najaf and Karbala to Mecca
via a train that could contribute to sustaining tourism revenues throughout the year.

Regarding the path to development, the economic expert explained that “Iraq is looking forward to completing this project, which could     contribute to the visit of these tourists and the     creation of complementary industries to express the possibility of having     crafts and some tools that could contribute to strengthening popular industries,  with the aim of creating memories for tourists of their visit to Iraq.” 

He continued, "Iraq may have stability in its currency, as tourists spend in different currencies.
 
This is also a source of income, as they     obtain foreign currencies and     facilitate their entry into the country and     convert them into Iraqi currency in various ways."
 
Last April, the Ministry of Culture, Tourism, and Antiquities     announced that more than 500 European and American tourists entered Iraq during the past year, and   predicted that numbers would increase during the current year, 2025.  The Ministry affirmed that
 
Iraq is witnessing significant tourism development,   coupled with economic and political stability.      
https://observeriraq.net/عبر-دمج-القطاع-الخاص-خبير-العراق-لديه/  

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

Seeds of Wisdom RV and Economic Updates Monday Morning 8-11-25

Good Morning Dinar Recaps,

Elizabeth Warren Demands Crypto Regulation Free from Industry Influence

Senator Elizabeth Warren has renewed her push for tighter cryptocurrency oversight, calling for investor protections and safeguards to prevent financial instability—without influence from the crypto industry itself.

Key Proposals

• Ban lawmakers from trading cryptocurrencies to avoid conflicts of interest and ensure policy decisions are free from personal financial bias.

• Establish stronger “guardrails” to prevent systemic risks from destabilizing the broader economy.

• Expand beyond current bills like the GENIUS Act to create a comprehensive market structure framework.

Preventing Economic Fallout

Warren described existing rules as “weak” and insufficient to handle potential large-scale risks. Her skepticism toward crypto reflects concerns that unregulated digital assets could trigger broader economic disruptions if left unchecked.

Not Just Opposition to Bills

Although Warren previously voted against the GENIUS Act, she refrained from criticizing it in her latest remarks. Instead, she called for additional legislative measures to close regulatory gaps and strengthen oversight.

Trump’s Crypto Earnings Under Scrutiny

• Financial disclosures show Donald Trump earned over $57 million from World Liberty Financial, issuer of USD1.

• Trump denies profiting directly from the token, but critics point to potential conflicts of interest, particularly after his administration approved crypto investments in 401(k) plans—a move analysts warn could expose retirement savings to volatility.

Industry Reaction

Justin Slaughter, VP of Regulatory Affairs at Paradigm, welcomed Warren’s acknowledgment that crypto regulation is necessary. He noted her remarks are shifting from blanket opposition to shaping stronger, more inclusive rules.

Bottom Line:
Warren’s position signals a shift toward structured dialogue on how cryptocurrency fits into the U.S. financial system—emphasizing investor protection, systemic stability, and independence from industry lobbying.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

Tether-Backed Rumble Plans $1.17 Billion Northern Data Acquisition Following Bitcoin Mining Division Selloff

Rumble, the video-sharing platform and AI-focused cloud services provider, has announced plans to acquire Northern Data in an all-stock deal valued at approximately $1.17 billion, excluding Northern Data’s bitcoin mining division.

The transaction aims to strengthen Rumble’s position in AI cloud computing and high-performance infrastructure, with major backing from Tether, the world’s largest stablecoin issuer and Northern Data’s majority shareholder.

Deal Structure & Terms

• The proposed offer values Northern Data at roughly €1 billion ($1.17 billion).

• Shareholders of Northern Data would receive 2.319 newly issued Class A Rumble shares for each Northern Data share.

• If all shares are tendered, Northern Data shareholders would own approximately 33.3% of Rumble.

• Tether, holding 54% of Northern Data, would become Rumble’s largest Class A shareholder under the same exchange ratio.

• Tether has committed to a multi-year GPU purchase agreement upon deal closure.

Tether & Rumble’s Strategic Partnership

Tether previously invested $775 million in Rumble in December 2024 to accelerate the platform’s growth as a YouTube alternative with an emphasis on data privacy and global independence.

The combined company is expected to enhance Rumble’s AI leadership capabilities and scale its cloud computing infrastructure worldwide.

Leadership & Governance

• Chris Pavlovski, Rumble’s Chairman and CEO, will retain majority voting control.

• Pavlovski has expressed full support for the acquisition and will vote all of his shares in favor.

• Northern Data has signaled willingness to enter formal discussions regarding the exchange offer.

Financial Performance

Northern Data reported strong H1 2025 growth:

• Revenue: €94.3 million ($109.8 million), up 72% year-over-year.

• Mining Revenue: €53.5 million ($62.3 million), up 49% due to capacity expansion and higher bitcoin prices.

Market Reaction

Following the announcement, Rumble’s stock surged 20% in pre-market trading, reaching $9.48, according to TradingView.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Sunday Afternoon 8-10-25

Sudanese Advisor: White Noise Supports Exchange Rate Stability In The Iraqi Market

2025/08/10 Reading: 315 times   {Economic: Al Furat News} The Prime Minister's financial and economic advisor, Mazhar Mohammed Salih, confirmed that the success of the three fiscal, monetary, and trade policies in working together is what has led to the continued convergence of the exchange rates in the parallel and official markets.

Saleh said in a statement to {Euphrates News}: “The continuation of these general policies constitutes positive information for the market, known as ‘white noise’, which is a condition that makes the market maintain stable rates and prevents the parallel market from taking any negative directions.”

He added, "The parallel exchange market is now moving toward convergence with the official fixed rate, which is considered one of the strongest stages of stability in the monetary market, as a result of the success of the three pillars of economic policy."  LINK

Al-Sudani Directs A Review Of The Provisions Of The Banking Reform Document After Receiving Comments From The Iraqi Private Banks Association

Banks   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani reviewed the latest developments related to the banking reform paper, particularly the provisions affecting private banks, in light of the comments and responses he received from various stakeholders.

Al-Sudani commended the efforts made by the Central Bank of Iraq in preparing the banking reform document, which aims to enhance financial stability, achieve transparency, and raise the efficiency of the banking sector. He affirmed the government's full support for all reform initiatives aimed at developing the country's financial and monetary infrastructure, in line with international best practices.

In the same context, the Prime Minister paid close attention to the comments of the Iraqi Private Banks Association, contained in its letter dated August 3, 2025, which addressed the objective challenges facing local banks in implementing some reform provisions, particularly those related to capital increase requirements, the adoption of strategic partners, the costs of contracting with foreign companies, and the timelines required for implementing reforms.

Driven by his commitment to achieving a realistic balance between reform requirements and the capabilities of local banks, the Prime Minister directed the adoption of a participatory and consultative approach between the Central Bank and Iraqi banks, through the formation of joint technical committees to review reform requirements and ensure their compatibility with the national financial and economic reality, while protecting the interests of local and international investors and those working in the sector.

In this context, Al-Sudani emphasized that the goal of reform is not exclusion but empowerment, calling for an expanded dialogue to clarify the technical aspects of the document and discuss implementation mechanisms in a gradual and thoughtful manner.

He also stressed the importance of taking into account the specificities of Iraq's reality when applying international standards, while emphasizing the need to formulate procedures in a way that enhances confidence in the banking sector and contributes to its development.

The Prime Minister concluded his remarks by emphasizing that the doors to discussion are open, and that the government continues to support all sincere efforts, both national and international, aimed at reforming the financial and banking system to serve the public good and the national economy. https://economy-news.net/content.php?id=58597

Borrowing From The Central Bank Will Put The Economy At Risk

Samir Al-Nusairi  The financial policy in Iraq has been accustomed to adopting special foundations and items for preparing general budgets. All of these budgets suffered from a planning deficit after 2003 until 2019, which turned into an actual deficit after 2020, especially after the decline in oil prices, because the Iraqi economy is a rentier economy that depends mainly on oil, and oil revenues constitute approximately 93% of total revenues and (58%-60%) of the gross domestic product.

Given the failure to diversify national income sources and develop the real sector, the deficit in the 2023-2025 three-year budget continued, forcing the government to borrow domestically from Iraqi banks to cover the real deficit in the operating and investment budgets due to increased spending compared to revenues from oil, whose prices fell at rates lower than planned in the budget.

Therefore, it is expected that borrowing from the Central Bank will be done through rediscounting treasury transfers, noting that the Central Bank had previously lent the government approximately 46 trillion dinars in previous years, and that the total domestic debt exceeded 85 trillion dinars, which has not been repaid despite the abundance of oil revenues in the past.

Moreover, the total oil revenues projected in the 2025 budget, amounting to approximately 117 trillion dinars, equivalent to $90.9 billion at a planned oil price of $70 per barrel, will not be achieved, creating a real deficit.

Therefore, the Central Bank will be under pressure and its plans will be disrupted in using monetary policy tools to achieve its objectives of maintaining the current rates of annual inflation, which currently range between (1%-1.5%), controlling the money supply, maintaining a foreign reserve balance that covers imports and exported local currency, which currently amounts to approximately $104 billion and 167 tons of gold, and ensuring the stability of the exchange rate of the US dollar against the Iraqi dinar, which the Central Bank’s measures have led to a narrowing of the price gap between the official price and the price in the parallel market.

Therefore, borrowing will lead to an increase in the local currency issued, which, according to data, currently exceeds 99 trillion dinars, of which more than 80% is outside the banking system. This increase will inevitably lead to a rise in inflation and will impact the adequacy ratio of foreign exchange reserves.

The budget’s reliance on covering the deficit, which will exceed 63 trillion dinars, or 30% of the GDP, while the percentage specified in Financial Management Law No. 6 of 2019 is 3%, will place severe pressure on the Central Bank and its foreign exchange reserves.

This embarrasses the central bank, placing it in a cycle of government interference in its independence, and placing the economy at risk. This will hinder the achievement of economic stability and the stability of the monetary and financial systems, because central banks are banks of stability, not lending banks. https://economy-news.net/content.php?id=58589

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