Podcast: The Rise of National Capitalism

Podcast: The Rise of National Capitalism

Notes From the Field By James Hickman (Simon Black)   August 19, 2025

Few people understand how the Federal Reserve actually works— and frankly, I’m not sure the President or Treasury Secretary are among them.

That’s not an insult, just based on what they say. Let me explain.

Most people think the Fed sets “the interest rate” for everything—mortgages, car loans, 10-year yields. But that’s not how it works. The Fed only sets a very narrow rate—the overnight lending rate between banks.

Everything else, from your mortgage to the government’s long-term borrowing costs, is determined by the bond market. And as America’s debt spirals past $37 trillion, the bond market—not the Fed—is in control.

This misunderstanding matters. Because when Treasury Secretary Bessent says he’s going to “get rates down,” what he really means is printing money.

That’s the only lever left: the Federal Reserve creates money electronically and uses it to buy government bonds.

The consequence of that is inflation: more money in the system means higher prices. Sometimes it shows up in financial assets—stocks, bonds, real estate—can also surge to record highs as a result of inflation. Other times inflation hits the grocery store, your utility bill, or your insurance premiums.

Lately, it’s been both. Inflation is everywhere.

But this administration is also openly floating the idea of a sovereign wealth fund—borrowing billions (or trillions) and putting that money directly into the stock market. Intel. Nvidia. Strategic stakes in American companies.

It’s not socialism, and it’s not free markets. It’s something in between: a blending of state and corporate power. Call it National Capitalism.

If that sounds far-fetched, remember—they’re already talking about taking a stake in Intel. Why would they stop there?

This administration is full of people whose entire background is borrowing massive sums of money at low interest, pouring it into enormous projects, and pocketing the spread.

There’s nothing wrong with that. That’s what they know. That’s what they do. Trump is a very successful real estate developer who has personally borrowed billions of dollars throughout his career.

So of course when they look at the economy, their instinct is to repeat the same playbook on a national scale—borrow cheap, buy big, and hope the gap between cost and return pays for everything.

But when the government itself becomes one of the biggest stock buyers, what happens to markets? They explode higher.

And you’re going to want to own assets when that happens.

This is the subject of today’s podcast.

We dive into:

• Why the Fed’s “rate cuts” don’t control the 10-year or 30-year Treasury yields—and why the bond market is now in charge.

• How the U.S. is spending $1.2 trillion a year just on interest payments, and why refinancing old debt at today’s higher rates keeps driving costs up.

• The Fed’s true method of lowering rates: creating new money, buying bonds, and fueling asset bubbles—at the cost of more inflation.

• The absurdity of how the US banking system works.

• How every time the Fed “prints money” to bail out a crisis—9/11, 2008, the pandemic—it ends up inflating specific bubbles: housing, stocks, crypto, collectibles, and now consumer prices across the board.

And we wrap up with a quick look at Total Access—our highest level membership built around forging lasting relationships with other members in extraordinary settings. It combines world-class networking and internationalization strategies with unforgettable, once-in-a-lifetime travel experiences.

Right now, Total Access membership is open for a limited time. You can learn more here.

And you can listen to the full podcast here.

For the audio-only version, check out our online post here.

Finally, you can find the podcast transcript for your convenience, here.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/podcast-the-rise-of-national-capitalism-153361/?inf_contact_key=49fec45d35a8308179ee21de4a018f6fc9b359cd3c30ad03dee6fdfba69fa879

Active Resistance to the Digital Financial Reset

Active Resistance to the Digital Financial Reset

Miles Harris:  8-18-2025

A major change is occurring in the global financial system. Governments and financial institutions describe this change as modernization, efficiency, or digital innovation.

 In reality, it is a gradual shift of money, markets, and ownership records into centralized digital systems.

These systems make assets visible in real time, programmable by policy, and subject to rules that can change without the consent of the owner.

 Understanding this process is essential for anyone who wants to maintain control over their assets and plan for the future.

00:00 Intro

Legal & Regulatory Changes

Institutional & Infrastructure Developments

Digital Identity Integration

 Engineered Liquidity

Events Policy Narratives

Control Layer Indicators

International coordination clues

Planning the Sequence of Actions

A Practical Monitoring System Conclusion

https://www.youtube.com/watch?v=GBp3WiSIZDE

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-19-25

Good Afternoon Dinar Recaps,

BRICS Meaning in Globalization: From Trade Bloc to Power Player

BRICS meaning in globalization reflects a major shift from Western-dominated trade systems toward a more multipolar world economy. What began as Goldman Sachs’ 2001 investment concept has evolved into a geopolitical force that now challenges traditional global power structures.

Today, BRICS—Brazil, Russia, India, China, and South Africa—controls 37.3% of global GDP and represents over 40% of the world’s population. With new members like Egypt, Ethiopia, Iran, and the UAE, the bloc is extending its influence across trade, politics, and energy.

Economic Foundation and Global Impact

The economic weight of BRICS is staggering:

• China accounts for 19.05% of global GDP

• India contributes 8.23% of global GDP
  (Source: IMF)

This power is institutionalized through initiatives like the New Development Bank, which funds infrastructure across emerging markets.

An S&P Global analysis notes that the expanded BRICS could control nearly half of worldwide oil production. With Saudi Arabia’s potential inclusion, the bloc would become a true commodities superpower.

Political Coordination and Global Influence

Politically, BRICS has become a platform for resisting Western pressure. Trade tensions and U.S. tariffs have only deepened bloc unity.

• Leaders like Brazil’s President Lula da Silva and China’s Xi Jinping continue to push for cooperation against unilateralism.

• Professor Jayati Ghosh highlights U.S. inconsistency, noting that even the EU—like BRICS members—continues to purchase Russian oil.

Member Countries and South Africa’s Role

South Africa has leveraged BRICS to amplify Africa’s voice in global trade and reform agendas. The inclusion of Egypt and Ethiopia further strengthens continental representation in strategic platforms.

Chinese President Xi Jinping emphasized that adding new economies injects vitality, representativeness, and influence into BRICS cooperation. Currently, 23 countries have formally applied to join.

Future Direction and Currency Alternatives

BRICS is actively working on alternatives to the U.S. dollar, developing frameworks for bilateral trade in local currencies. Brazilian officials are also exploring the creation of a BRICS currency to reduce dollar dependency.

Beyond finance, BRICS is building cooperation in climate, health, energy, and digital economy initiatives, with the upcoming COP30 summit offering another platform for joint action.

Professor Ghosh notes that U.S. policy unpredictability makes long-term deals with Washington risky, pushing nations toward independent BRICS-led agreements.

Bottom Line: BRICS meaning in globalization has transformed from a trade bloc into a strategic power player, reshaping economics, energy, and geopolitics. With expansion underway and dollar alternatives rising, the bloc is setting the stage for a new global order.

@ Newshounds News™

Source: Watcher Guru

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MilitiaMan and Crew: Iraq Dinar News Update- Banks-Oil-Salaries-Budget-EXR

MilitiaMan and Crew: Iraq Dinar News Update- Banks-Oil-Salaries-Budget-EXR

8-19-2025

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=N941m8AlHoQ

Seeds of Wisdom RV and Economic Updates Tuesday Morning 8-19-25

Good Morning Dinar Recaps,

US Treasury Calls for Public Comment on GENIUS Stablecoin Bill

The U.S. Treasury Department is seeking public input on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, signed into law by President Donald Trump in July. The move is part of a broader effort to strengthen U.S. leadership in digital assets while addressing illicit finance risks tied to crypto.

Public Comment Period Open Until Oct. 17

• Treasury has invited individuals and organizations to submit comments by October 17.

• Feedback should focus on innovative methods to detect and mitigate illicit activity involving digital assets.

• Areas of particular interest include:

• Anti–money laundering strategies

• APIs and blockchain monitoring tools

• Artificial intelligence applications

• Digital identity verification

Treasury officials will compile and review the public responses before submitting formal reports to the Senate Banking Committee and House Financial Services Committee.

Secretary Bessent: Essential Step for U.S. Leadership

Treasury Secretary Scott Bessent described the consultation process as “essential” for implementing the GENIUS Act and securing American leadership in the digital asset sector.

The law requires the Treasury and Federal Reserve to finalize regulations before full implementation. Under the timeline:

• The GENIUS Act will take effect 18 months after being signed (July 2025), or

• 120 days after final regulations are published — whichever comes first.

Political and Regulatory Timing

The timing suggests that enforcement of the GENIUS Act will not overlap with the 2026 midterm elections, reducing the likelihood of the law being used as a campaign issue.

Broader Crypto Legislation Efforts

The GENIUS Act was one of three major bills advanced during Republicans’ “crypto week” in July:

• GENIUS Act – Establishes a regulatory framework for stablecoins

• Digital Asset Market Clarity (CLARITY) Act – Aims to provide clearer rules for digital asset markets

• Anti-CBDC Surveillance State Act – Pushes back against a government-issued central bank digital currency

The House of Representatives passed all three with bipartisan support. The Senate Banking Committee has indicated it will prioritize crypto market structure, aiming to advance its own version of the CLARITY Act by October.

@ Newshounds News™
Source: Cointelegraph

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Tether Appoints Former White House Crypto Council Head Bo Hines as U.S. Strategy Advisor

Stablecoin leader Tether (USDT) has appointed Bo Hines, the former executive director of the White House Crypto Council, as its Strategic Advisor for Digital Assets and U.S. Strategy. The move marks a major step in Tether’s push to establish a regulated presence in the U.S. under the new pro-crypto administration.

Bo Hines Brings Washington Insider Experience

• Hines, a Yale-trained attorney and former GOP congressional candidate, played a central role in shaping U.S. crypto policy.

• At the White House, he helped secure passage of the GENIUS Act, creating a federal framework for stablecoins.

• He also organized a high-level digital assets summit connecting industry leaders with government officials.

• After seven months in government service, Hines stepped down in early August before moving to the private sector.

Why the Appointment Matters for Tether

Tether has long operated outside the U.S. regulatory framework. By adding Hines, the company gains:

• A direct connection to U.S. policymakers

• Expertise in navigating Washington’s legislative and regulatory processes

• Strategic positioning to launch a U.S.-compliant stablecoin under the GENIUS Act

Tether CEO Paolo Ardoino confirmed that U.S. expansion plans are “well underway,” calling Hines’s appointment a pivotal step toward meeting institutional and regulatory standards in the world’s largest market.

Tether’s Market Position

• Tether issues USDT, the world’s largest stablecoin.

• Circulating supply exceeds $166 billion, according to The Block’s data dashboard.

• The company’s U.S. strategy signals its ambition to transition from operating on the regulatory margins to becoming a fully integrated player in the American financial system.

@ Newshounds News™
Source: The Block

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Ripple Backs Gemini’s IPO Filing With $75M Credit Line, RLUSD Option Included

Ripple has emerged as a key backer of Gemini’s upcoming IPO, providing the exchange with a $75 million credit line that could expand to $150 million. The deal also introduces Ripple’s new stablecoin, RLUSD, as a borrowing option once the initial facility is tapped.

Key Takeaways

• Ripple extends $75M credit line to Gemini, with potential to reach $150M and RLUSD as a borrowing option.

• Gemini files for IPO under ticker “GEMI,” aiming to become the third U.S. crypto exchange to go public.

• The exchange reported a $282.5M net loss in H1 2025, highlighting steep financial headwinds ahead of listing.

• RLUSD inclusion signals Ripple’s ambition to challenge Tether (USDT) and Circle (USDC) in the stablecoin market.

Gemini’s IPO Plans

Gemini, which plans to list on Nasdaq under the ticker “GEMI,” disclosed the agreement with Ripple as part of its long-anticipated public offering.

The move positions Gemini to become the third crypto exchange to go public in the U.S., following Coinbase (2021) and Bullish (2025).

However, Gemini’s filing also revealed significant financial challenges:

• A $282.5 million net loss in H1 2025, up nearly sevenfold from last year.

• Revenue sliding to $67.9 million, down from $74.3 million in the same period of 2024.

Ripple’s Credit Facility Terms

Under the agreement with Ripple Labs, Gemini can:

• Borrow in tranches of at least $5 million.

• Pay interest rates of 6.5% or 8.5%, with collateral required.

• Once borrowing surpasses $75 million, loans can be denominated in RLUSD, providing Ripple’s new stablecoin a direct entry into U.S. exchange infrastructure.

No funds have been drawn yet, but the inclusion of RLUSD underscores Ripple’s push to compete with USDT and USDC, which dominate the stablecoin market.

For Gemini, the facility provides fresh liquidity at a critical moment, as investor scrutiny intensifies ahead of its IPO.

Wall Street Giants Back Gemini IPO

The deal is being led by major Wall Street banks, including:

• Goldman Sachs

• Citigroup

• Morgan Stanley

• Cantor Fitzgerald

With Academy Securities and AmeriVet Securities acting as co-managers.

Investor appetite for crypto listings is strong:

• Circle’s IPO (June 2025) saw shares surge nearly 10x from its $31 offering price before settling at $149.

• Bullish’s IPO earlier this week more than tripled from $37 to nearly $70 on its first trading day.

Several other firms — including OKX, Grayscale, and Kraken — are also considering public offerings. Meanwhile, listed giants like Coinbase and MicroStrategy have hit multi-year highs.

Policy Shift Fuels IPO Wave

The IPO momentum comes amid a regulatory climate increasingly favorable to digital assets:

• Since President Trump’s return in January 2025, the SEC has dropped most cases against crypto firms.

• The administration has advanced a pro-crypto agenda, including:

• An executive order urging regulators to remove barriers preventing 401(k) retirement plans from including crypto assets.

• Potential reforms that could allow millions of Americans to allocate retirement savings into Bitcoin and other digital assets through regulated channels.

@ Newshounds News™
Source: CryptoNews

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 8-19-2025

TNT:

Tishwash:  The withdrawal of the US coalition... Is the war over or has new influence begun?

The US Embassy in Iraq announced on Monday that the withdrawal of the international coalition from the country does not mark the end of its work against the terrorist organization ISIS, noting that its military mission will transform into a bilateral security partnership with Iraqi security forces.

In statements to Al Jazeera, monitored by Al-Mustaqilla, the embassy confirmed that the international coalition will continue its civilian efforts worldwide, raising questions about the form and extent of future US intervention in Iraq and the extent to which this partnership will impact Iraqi sovereignty.

Observers believe this shift may represent a less obvious reshuffle of the US presence, but it could continue to shape the course of politics and security in Iraq. While others believe the bilateral security partnership could give Iraqi forces an opportunity to independently enhance their capabilities to counter terrorism, the ambiguity surrounding the nature of this partnership raises concerns about the continued indirect influence of foreign powers.

Amid these statements, the most prominent question remains: Is the coalition's withdrawal a real step toward Iraq regaining its independent security decision-making, or merely a change in form without any change in reality?  link

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Tishwash:  Demonstration announcement in Basra: We will not remain silent any longer.

The Nahr al-Ezz tribes in the Thaghr district, north of Basra in the far south of Iraq, announced this evening, Monday, a demonstration to demand services and job opportunities, starting on August 24. While warning against neglecting the implementation of rights, they affirmed their commitment to continuing until their rights are fully and undiminished.

This came in a statement by the leader of the Shaghanbi, Al-Bubakhit and Al-Hilijiya tribes movement, Sheikh Ali Sabah Hatem Al-Shaghanbi, received by Shafaq News Agency.

Addressing the people of Basra, the statement said, "Enough is enough. For many years, we have suffered the bitterness of deprivation and marginalization, with no health care, no education, no electricity, no services, and no job opportunities that would preserve the dignity of our youth."

He added, "We previously stood in front of the West Qurna 2 oil fields and raised our voices sincerely, but they met us with silence, disregard, and deadly indifference. Today, we say it loud and clear: Our rights will not be granted; we will seize them by force."

He continued: "We warn anyone who underestimates the will of the people of Nahr al-Ezz: the patience of the patient has limits, and if the patient becomes angry, his revolution will not be stopped by a false promise or a deceptive speech." He stressed: "We, the people of Nahr al-Ezz, will not retreat, and we will not remain silent from today on, and we will continue until we obtain our full and undiminished rights, no matter the cost."

The statement declared, "Our date is Sunday, August 24, a day when everyone will hear the voice of the oppressed, the voice of truth, the voice of the river of glory. And tomorrow is near."

Northern areas of Basra province, particularly the districts of Al-Thaghr and Al-Sadiq, and the Al-Qurna district, have witnessed a series of demonstrations and sit-ins over the past few months, protesting what residents describe as "deliberate marginalization and neglect" by the local and federal governments.

Protesters' demands ranged from improving basic services, providing job opportunities, and addressing the dangerous environmental pollution resulting from oil extraction operations, which have destroyed agricultural areas and spread disease. There have been repeated threats to shut down oil fields if the situation continues to be ignored.   link

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Tishwash:  Iraqi banks eye capital boost extension

An economist expects the capital increase period for Iraqi banks "covered by reform" to be extended.

Economic expert Mustafa Akram Hantoush confirmed on Monday that the Central Bank of Iraq and the Iraqi banking system are going through a critical phase, suggesting that the deadline for increasing the capital of banks subject to reform will likely be extended to three years, instead of the previous deadline of the end of this year. 

Hantoush told Shafaq News Agency, "The Central Bank contracted last year with Oliver Wyman to conduct a comprehensive study of the banking sector," noting that "the company has completed its study."

He added, "The preliminary report was submitted three weeks ago, while the final report was recently issued. It included a package of mechanisms to address banking challenges and regulate dollar transactions. These mechanisms are currently under discussion between the Central Bank and the company."

Hantoush pointed out that "the recommendations included raising the capital of all Iraqi banks to 400 billion dinars, in addition to paying $2.4 million over four years for banks, under conditions most notably merger or liquidation, as well as restructuring the capital so that relatives' stake does not exceed 10%."

He pointed out that "these conditions pose a significant challenge to the sanctioned banks, making it difficult to comply with the required increase," emphasizing that "the matter requires discussions between the Central Bank and these banks to reach an acceptable formula."

The economic expert expects that "the Central Bank will open a new dialogue with the consulting firm to reach a compromise, either by extending the capital increase period to more than three years, or by reducing the required amounts to be closer to the capabilities of Iraqi banks."   link

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Mot: Now - This is What I Wants!!!! 

Mot:  .. Fitting In !!!!  

Iraq Economic News and Points To Ponder Monday Afternoon 8-18-25

The Central Bank Of Iraq Sold More Than $35 Billion In Sales Over The Past Five Months

Banks   Economy News – Baghdad  The Central Bank's hard currency sales on Monday amounted to more than $35 billion over the past five months.

The bank stated in a statistic that "the bank's hard currency sales during the first five months of 2025 amounted to $35 billion and 201 million."

He continued, "Sales were distributed between external transfers amounting to $30.264 million, international settlements amounting to $3.649 billion, and cash sales amounting to $1.288 billion."

The bank noted that these sales, during the first five months of the current year, amounted to $35.2 billion, a 15.66% increase over the same period last year, which amounted to $30.435 billion.
https://economy-news.net/content.php?id=58926

A Slight Rise In The Dollar Price In The Markets Of Baghdad And Erbil

Monday, August 18, 2025 | Economic Number of reads: 188  Baghdad / NINA / The US dollar exchange rate rose slightly, Monday morning, in the markets of Baghdad and Erbil.

The selling price of the dollar in the Al-Kifah and Al-Harithiya stock exchanges recorded 140,950 Iraqi dinars for $100, compared to 140,450 dinars for $100 yesterday, Sunday.

The selling price in the exchange market in the local markets in Baghdad recorded 142,000 dinars for $100, and the buying price was 140,000 dinars for $100.

In Erbil, the dollar recorded a similar rise, as the selling price reached 140,750 dinars for every $100, while the buying price was 140,650 dinars for $100. https://ninanews.com/Website/News/Details?key=1246943

Al-Alaq Details Iraq's Banking Reform Plan

Banks  Economy News – Baghdad   Central Bank Governor Ali Al-Alaq clarified the details of the banking reform plan on Monday, particularly regarding the foreign partner and the plan's objectives.

 He emphasized that the foreign partner is not a condition of the reform plan, while noting that the banking reform is based on international laws and standards.

Al-Alaq said, "The banking reform plan is not a surprise, but rather a well-thought-out plan that took more than a year to develop, in coordination with banks and international bodies. It was agreed upon the need to review the Iraqi banking sector after years of practical experience."

He pointed out that, "After the emergence of many problems, an agreement was reached between all parties to adopt a plan that places our banks within international standards and practices, and within the framework of the Central Bank Law and the Iraqi Banking Law.

Therefore, the standards are not innovative, but rather stem from the Central Bank Law and international practices and standards." He explained that, "The goal of these standards is to ensure that the status of banks is stable and secure, that they have the ability to deal externally, and that they are accepted internally and externally."

Regarding enhancing confidence in banks, Al-Alaq explained: "It is often mentioned that the plan included the inclusion of a foreign partner, while the plan, in all its details, did not include this. We are talking about diversified ownership by financial institutions and individuals, and these Iraqi institutions are more deserving of participation."

He continued, "The plan also included the establishment of a fund for Iraqis that would allow a number of local shareholders, and even citizens, to enter into partnerships with banks." He emphasized that "bringing in a foreign partner is not prohibited, but it is not a requirement, as rumored. We publish all the criteria in detail, and this is not mentioned in them."

The Central Bank Governor added, "After a thorough study of the plan and in agreement with international bodies and correspondent banks, we believe that banks that can adhere to these standards will have their dollar transactions lifted and will establish normal relationships with foreign correspondent banks.

Therefore, the matter is optional, and banks that do not wish to participate in this plan have another option, but they must present alternatives that enable them to be accepted locally and internationally."

He pointed out that "one of the outcomes of the plan we are working on is to address the situation of deprived banks. If banks are able to adhere to the agreed-upon local and international standards, restrictions related to dealing in dollars will be lifted from them."

He emphasized that "the plan is designed to benefit banks, and those who believe they are unable to implement it should offer themselves other solutions to address the problem."  https://economy-news.net/content.php?id=58922

The Planning Ministry Is Discussing With Sectoral Ministries The Mechanisms For Proposing And Financing Projects With World Bank Loans

Monday, August 18, 2025 | Economic Number of reads: 213  Baghdad / NINA / The Ministry of Planning held its third joint meeting on Monday with a number of sectoral ministries to discuss mechanisms for proposing projects and financing them through World Bank loans.

The meeting was chaired, according to a statement by the ministry, by the Director General of the Sector Planning Department at the ministry, Basem Dhari Mahmoud, with the participation of representatives from the Ministries of Construction, Housing, Municipalities and Public Works, Water Resources, Agriculture, Environment, Education, in addition to the Baghdad Municipality.

The meeting discussed most of the projects submitted by the sectoral agencies and completing their financing ceilings in line with the national development plan and the integrated strategy for education. The projects will be presented and approved during the coming period in coordination with the World Bank, in preparation for their inclusion in the general budget law for next year. https://ninanews.com/Website/News/Details?key=1246992

Gold Prices Rebound From Lows, Eyes On Trump-Zelensky Meeting

Monday, August 18, 2025 | Economic Number of reads: 245   Baghdad / NINA / Gold prices rose on Monday, after hitting their lowest level in two weeks, supported by a decline in US Treasury yields, as investors awaited a meeting between US President Donald Trump, Ukrainian President Volodymyr Zelensky, and European leaders to discuss a peace agreement with Russia.

By dawn today, spot gold rose 0.3% to $3,345.64 per ounce, after recording its lowest level since August 1.  US gold futures for December delivery also rose 0.3%, to $3,391.80.

Investors are also awaiting the annual conference of the Federal Reserve (the US central bank) in Jackson Hole, Wyoming.

Economists largely expect the US central bank to announce an interest rate cut in September, its first cut this year, with a second cut possible by the end of the year amid mounting US economic woes.

As for other precious metals, silver rose in spot transactions by 0.3% to $38.08 per ounce, platinum rose by 0.8% to $1,346.61 per ounce, and palladium rose by 1.3% to $1,126.85 per ounce. /End
https://ninanews.com/Website/News/Details?key=1246922

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 8-18-25

Good Afternoon Dinar Recaps,

BRICS Members in 2025: Full List, New Member Countries & Global Impact

The BRICS alliance has expanded significantly, now including eleven member nations as of 2025. What began with five founding members has grown into a geopolitical and economic force representing over 40% of the world’s population and 37.3% of global GDP. With Saudi Arabia finalizing its membership in July 2025, BRICS continues to attract nations searching for alternatives to Western-led institutions.

Current BRICS Members and Expansion

Originally formed in 2006 by Brazil, Russia, India, and China—later joined by South Africa in 2010—the BRICS bloc has become an anchor for emerging economies.

• 2024 expansion: Egypt, Ethiopia, Iran, and the United Arab Emirates joined on January 1, 2024.

• 2025 expansion: Indonesia joined in January 2025, followed by Saudi Arabia in July 2025.

This brings the current BRICS membership to eleven nations.

Chinese President Xi Jinping emphasized:
“Adding new economies will inject new vitality into BRICS cooperation and increase the representativeness and influence of BRICS.”

Which Countries Want to Join BRICS

Interest continues to rise, with 32 countries signaling interest and 23 filing official applications.

The alliance has also created a circle of 13 “partner countries,” including Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan.

Top candidates for membership include:

• Bahrain

• Malaysia

• Turkey

• Vietnam

• Belarus

• Sri Lanka

• Mexico

• Kuwait

• Thailand

• Uzbekistan

Oil producers such as Bahrain and Kuwait aim to leverage their resources as strategic bargaining chips, while Mexico could deliver Latin American access and Belarus offers an Eastern European foothold.

Thailand stated:
“Joining BRICS would benefit Thailand in many respects and boost prospects of being one of the international economic policy makers.”

Economic Impact of BRICS

The expanded bloc now represents 3.3 billion people and wields 37.3% of global GDP (PPP).

• China: 19.05%

• India: 8.23%

With Iran, UAE, and Saudi Arabia onboard, BRICS members control nearly half of global oil production and roughly 35% of total oil consumption.

S&P Global noted:
“With Saudi onboard the BRICS grouping would be a commodities powerhouse.”

Meanwhile, the New Development Bank (NDB) has financed over $32 billion across 96 projects since 2016, pioneering local-currency infrastructure loans that reduce reliance on the U.S. dollar.

Challenges Facing BRICS

Despite its growth, the alliance faces internal divisions:

• China and Russia are pushing rapid expansion.

• Brazil and India are urging a more cautious approach.

This tension has slowed decision-making on new member admissions and economic integration strategies.

Political reactions have been sharp:

• U.S. President Donald Trump dismissed the bloc outright: “BRICS is dead.”

• UN Secretary-General António Guterres highlighted its appeal to developing nations:
  “This system was created by rich countries to benefit rich countries. Practically no African country was sitting at the table of the Bretton Woods Agreement.”

Global Shift

The BRICS expansion underscores a multipolar shift in global governance, giving developing nations new financial and trade pathways outside the traditional Western order. With dozens of nations waiting to join, BRICS is positioning itself as the central counterweight to the U.S.-led system in global finance, energy, and trade.

@ Newshounds News™
Source: Watcher.Guru   

~~~~~~~~~

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MilitiaMan and Crew: Iraq Dinar News Update-K2 Integrity-Oil-Salaries-REER

MilitiaMan and Crew:  Iraq Dinar News Update-K2 Integrity-Oil-Salaries-REER

8-18-2025

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=ijsJtPsyR88

Iraq Economic News and Points To Ponder Monday Morning 8-18-25

Philosophy Of Economic Empowerment
 
Economic 2025/08/18   Abdul Zahra Muhammad Al-Hindawi   Months ago, the Ministry of Labor
 launched a series of initiatives  aimed at transforming social protection beneficiaries  from aid recipients to productive members of the labor market.
 
It also launched intensive efforts to rehabilitate large numbers of young people through training courses that provide them with the skills necessary to integrate into the labor market.

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Undoubtedly, these policies express the true philosophy behind the concept of economic empowerment for poor families, which represents a shift from the logic of temporary support to sustainable production.
 
The assistance received by social protection beneficiaries should be a transitional phase,
     enabling individuals to   overcome their difficult circumstances and  reach a stage of self-sufficiency and self-reliance.
 
Of course, there are groups who cannot be deprived of these benefits,
     such as the elderly or those with complex disabilities,
     who have lost the ability to meet their basic needs.
 
Although Iraq's social protection policy has largely succeeded in   reducing poverty rates and
 saving thousands of families from destitution,  it has also created financial and structural challenges.
 
The increase in the number of families covered by the program to more than two million means that we are talking about nearly a quarter of Iraq's population,  which places increasing pressure on the general budget.
 
Furthermore, some youth groups now view the subsidy salary as a convenient solution that replaces work,  given the lack of incentives for development or engagement in the production market.
 
In the face of these challenges, the Ministry of Labor and Social Affairs has taken action along three integrated paths.
 
The first is to identify the truly poor, which has contributed to improving inclusion standards and making them more equitable and realistic.
 
The second path involves clearing the protection network of those who are not entitled to it,
 which represents a significant achievement in   rationalizing spending and   directing support to those who deserve it.
 
The third path has been directed towards strengthening economic empowerment,
which represents the most important pillar, as it aims to address poverty at its roots.
 
Empowerment is the transition from the concept of "receiving aid" to "creating opportunity," and from a state of helplessness to a space for production.

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Therefore, it requires    greater attention from the state and   more coordination between the Ministries of    Labor,  Planning,   Education,    Finance, and the   private sector to  support small projects and   encourage youth to innovate and produce,   instead of relying on and waiting for aid.
 
The experiences of many countries, such as China, Brazil, India, and Rwanda,
     have proven that economic empowerment policies are not only more sustainable,
     but also lead to reduced dependence on government support and broad-based economic growth.
 
What we need today is to reframe our priorities so that empowerment policies become the norm,
and aid becomes a temporary exception.
 
The future of social justice in Iraq lies not only in the efficient distribution of aid,
 but also in our ability to transform beneficiaries into producers, and  rependents into economic actors.
 
This is the essence of the empowerment philosophy,  in light of which policies must be reshaped.    
  
https://alsabaah.iq/119086-.html  

Al-Ahly First, Baghdad Second... Bank Profits Reveal Foreign Dominance
 
August 16, 2025 Last updated: August 16, 2025   Al-Mustaqilla/- A document obtained by the Independent Press Agency revealed the profit rates of Iraqi banks during the first half of this year,  shedding light on the    reality of the banking sector and the   dominance of some foreign banks within it.
 
According to the document, the     National Bank of Iraq topped the list of profits, occupying first place, while the     Bank of Baghdad came in second, and     Mansour Bank came in third.
 
Data indicates that profits generated by foreign banks operating in Iraq remain substantial,
     amounting to hundreds of millions of dollars, even as  the local banking sector faces widespread criticism for its     poor performance and     declining public confidence.
 
This arrangement comes amid an ongoing crisis of confidence between the public and Iraqi banks,
     particularly after a number of banks were placed on US sanctions lists, and     others were subjected to    liquidation or   audit procedures by the Central Bank.
 
Observers believe that the continued dominance of foreign banks in the Iraqi market reflects the
     fragility of the financial structure of local banks and   their weak ability to compete.
 
This requires radical reforms to   banking policies and a   comprehensive restructuring of the sector
 to bolster depositor confidence. https://mustaqila.com/الأهلي-أولاً-وبغداد-ثانياً-أرباح-المص/   

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The Central Bank Announces The Launch Of A Project Financing Guide.
 
August 17, 2025  The Central Bank of Iraq announced the launch of a guide to accessing financing for small, medium, and micro enterprises,  in cooperation with the  German International Cooperation Agency (GIZ) and the   Iraqi Private Banks Association.
 
In his speech during the launch ceremony of the guide,
the Deputy Governor of the Central Bank of Iraq, Dr. Ammar Khalaf, said:
 
“Iraq has witnessed a multiplicity of lending providers.
 
The Central Bank of Iraq, through the National Lending Strategy,
has developed a guide that complements this strategy.
 
It   enables entrepreneurs to develop their businesses and  provides a mature and informative destination for all loans, providing a new opportunity for  easier access and    faster procedures for obtaining financing.”
 
The Deputy Governor noted that  the banking reform strategy adopted by the Central Bank of Iraq
 will support procedures for accessing project financing according to a clear vision          to enhance confidence in the Iraqi banking system.
    
    Central Bank of Iraq    Media Office    https://cbi.iq/news/view/2959 

 
An Economist Points To Strategic Gains Iraq Is Making In The Oil And Water Sectors.
 
Economy, | 504   Baghdad Today – Baghdad  Economic expert Nabil Al-Marsoumi confirmed on Saturday (August 16, 2025) that the  construction of the Iraq-Syria pipeline represents a strategic gain that reduces shipping distances to European markets.

He also pointed out that  the joint seawater supply project is the key to achieving huge gains in oil production from Iraq.
 
Al-Marsoumi said in a post on his Facebook account, followed by Baghdad Today, that  
“in 2009, the Ministry of Oil formed a team headed by Engineer Alaa Al-Asadi to discover and inspect the Iraqi-Syrian pipeline from Kirkuk to the Syrian border with the Italian company Saipem,” noting that
 
“the committee stated in its report that the cost of rehabilitating the pipeline amounted to $780 million,
while the cost of establishing a new pipeline with a length of 888 km, a diameter of 40 inches, and a
capacity of 1.250 million barrels per day reached $11 billion at 2009 prices, and
 
it is expected that the cost will rise to $14 billion at today’s prices,
     especially since the pipeline is completely destroyed.”

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 He added,  Although this pipeline is a strategic gain,
     reducing shipping distances to European markets,
     reducing dependence on chokepoints in the Arabian Gulf, and
     giving Iraq an additional option for exporting north at a time when its only current route,
     via the port of Ceyhan in Turkey, is facing severe pressure, transporting crude oil from Kirkuk to southern Iraq for export to the Gulf is still the cheapest route by about $1 per barrel.
 
This cost will rise to between $3 and $5 per barrel in tariffs and insurance via the Kirkuk-Banias pipeline, in addition to additional capital investments to repair the pipeline." He indicated that
 
"transportation costs and transit fees will rise significantly if the transport of Kirkuk oil is limited, as the pipeline's capacity will not exceed 300,000 barrels per day."
 
In another context, the economic expert explained that the China Petroleum Engineering and Construction Corporation (CPECC) won a contract for a seawater pipeline project from processing facilities to various oil fields throughout Basra, valued at $2.524 billion. He pointed out that
 
"the joint seawater supply project is the key to achieving massive gains in oil production from Iraq.
 
The seawater project is one of four projects that have been referred to the French company Total as part of the integrated southern project.
 
It aims to provide 5 million barrels per day, later increasing to 7.5 million barrels per day,
 
for the purpose of water injection and sustaining oil production in the Basra, Maysan and Dhi Qar fields, and over a length of no less than 1,000 kilometers of fields."
 
The British newspaper, The Guardian, published a shocking report on how oil companies are using fresh water in oil extraction operations, depriving citizens and agriculture in the country of huge quantities of water, exposing the environment to serious risks, and contributing to the spread of serious diseases.
 
According to the newspaper, an analysis of satellite images revealed that the Italian company Eni is building a dam on the Basra Canal to divert water to its treatment plants.
 
Other companies, such as BP and ExxonMobil, are using up to 25% of Iraq's potable water for the same purpose.     https://baghdadtoday.news/281029-.html  

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

Seeds of Wisdom RV and Economic Updates Monday Morning 8-18-25

Good Morning Dinar Recaps,

The United States Prepares a Complete Overhaul of DeFi

Regulatory Overhaul on the Horizon

The U.S. Treasury has placed decentralized finance (DeFi) under sweeping review as part of the GENIUS Act, signed in July 2025 by President Donald Trump. The initiative targets the anonymity of DeFi transactions, aiming to combat money laundering and terrorist financing by embedding digital identity verification directly into DeFi smart contracts.

This would require users to prove their identity—via government-issued IDs or even biometric data—before completing transactions.

Coding Compliance Into DeFi

The Treasury’s proposal seeks to integrate KYC (Know Your Customer) requirements into the very code of DeFi protocols. According to its official notice, these identity tools are meant to balance compliance with user privacy, while reducing burdens for financial institutions.

Banks and regulators largely support the move, but many in the crypto community view it as a threat to anonymity and a break from DeFi’s founding principles.

Technology at the Center

The consultation paper highlights four key tools for regulatory enforcement:

• Artificial Intelligence

• Surveillance APIs

• Blockchain Analytics

• Digital Identity Systems

By making these technologies native features of DeFi platforms, regulators aim to ensure the law cannot be circumvented through code.

Industry Reactions

• Crypto Community: Critics warn of a dangerous precedent, fearing that U.S.-mandated universal KYC could spread globally and stifle innovation. Concerns also focus on data protection risks if personal identifiers are hard-coded into protocols.

• Banking Sector: Groups like the Bank Policy Institute (BPI) support the move but also flagged loopholes in the GENIUS Act, warning Congress that some stablecoin issuers could bypass interest-payment restrictions, potentially shifting up to $6.6 trillion in bank deposits into stablecoins.

Key Facts and Timeline

• Public consultation launched: August 18, 2025

• Comments accepted until: October 17, 2025

• Applies to: All DeFi platforms offering services in the U.S.

• Targeted enforcement tools: API, AI, blockchain monitoring, digital identity

Political Pushback

Not all policymakers are aligned. Senator Elizabeth Warren argues the GENIUS Act could weaken transparency rather than strengthen it, legitimizing opaque practices under the guise of innovation.

The Bigger Picture

The U.S. strategy represents a paradigm shift: regulation will be embedded in DeFi infrastructure itself. The era of uncontrolled decentralized finance is ending, and the next chapter will test how much freedom DeFi can retain under government scrutiny.

@ Newshounds News™
Source: CoinTribune

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Will U.S. Regulation Kill Decentralized Finance, or Simply Reshape It?

The United States has moved from watching decentralized finance (DeFi) to attempting to engineer regulation directly into its foundations. Under the GENIUS Act, the Treasury is consulting on rules that would insert identity verification and compliance mechanisms into the very code of DeFi smart contracts. The official justification is clear: stop money laundering, curb terrorist financing, and close loopholes that could drain liquidity from traditional banks.

But the deeper question remains — will this end decentralization?

The Case for the “End of DeFi”

For many, the answer is yes — at least within U.S. borders. By requiring:

• Portable digital identifiers for every transaction,

• KYC baked into smart contracts, and

• AI-driven compliance tools tied directly to platforms,

the government would effectively erase the anonymity and permissionless nature that define DeFi. In this model, “decentralized” finance begins to look more like a tokenized extension of the banking system, where innovation bends to regulatory code.

The Counterpoint: DeFi is Global

Yet DeFi was never designed to exist in a single jurisdiction. Code can be deployed anywhere, and users can access protocols across borders. If the U.S. tightens rules, offshore DeFi will continue without these restrictions, keeping anonymity and censorship resistance alive. Other nations may even embrace this shift, hoping to attract the next wave of innovation that America appears to be constraining.

A Two-Track Future

Rather than a complete “end,” what is emerging is a split reality:

1. Regulated DeFi (CeDeFi):

• U.S. and European platforms that integrate KYC and compliance.

• Tailored for banks, institutional investors, and regulated entities.

• Less innovation, but far more legitimacy in financial markets.

2. True DeFi (Permissionless):

• Offshore or pseudonymous projects that maintain full decentralization.

• Higher innovation potential, but riskier for users facing regulatory pushback.

• Likely to attract those unwilling to trade away anonymity.

Why the U.S. is Pushing Now

The timing is not accidental. Bank groups warn that up to $6.6 trillion in deposits could flow into stablecoins, destabilizing traditional finance. For regulators, the threat is not just about crime or terrorism — it is about control of capital flows. If trillions shift into DeFi outside the banking system, central banks lose visibility and authority.

Conclusion: Decentralization Won’t Die, But It Will Change

The U.S. is not ending DeFi — it is reshaping it into a regulated, institution-friendly framework. True decentralization will survive, but it may migrate offshore, becoming harder for Americans to access.

The result? Two parallel worlds:

• Compliant DeFi for Wall Street.

• Permissionless DeFi for the rest of the world.

In this sense, the fight over DeFi’s future is not about technology alone — it is about whether financial sovereignty remains in the hands of individuals, or is recoded into the architecture of regulation.

@ Newshounds News™
Source:  AI ChatGPT

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XRP News: Can Ripple Replace Banks Worldwide?

Riccardo Spagni’s viral post reignites debate as Ripple rides legal victories, political endorsements, and market optimism.

A viral post from Riccardo Spagni, the former lead developer of Monero, has thrust XRP back into the spotlight — and reignited one of crypto’s most divisive debates: can Ripple and XRP eventually replace banks?

Ripple Momentum Builds on Legal & Political Wins

The timing of Spagni’s remarks is significant. Ripple has been riding a string of favorable developments, including the SEC formally dropping its lawsuit against the company. The momentum was amplified when President Donald Trump named XRP as a potential part of the U.S. digital asset reserve stockpile — a surprise endorsement that sent ripples across markets.

XRP’s performance reflects this surge in confidence. Rising from under $1 in late 2024 to over $3.60 by mid-2025, XRP has remained one of the year’s strongest tokens, even after retracing from recent highs. Ripple continues to push its narrative of XRP as a global bridge currency, further boosting investor interest.

Critics Push Back: “Replacing Banks is Unrealistic”

Not everyone is convinced. Spagni revealed that a close friend — previously skeptical of crypto — wanted to buy XRP, persuaded by the belief that banks would be gone within two years. While bullish XRP holders welcomed the statement, critics quickly pushed back.

Skeptics argue that XRP cannot truly replace banks, and warn that granting such influence to Ripple risks creating a single point of failure — running counter to blockchain’s promise of decentralization. Some community members dismissed the hype outright, calling it little more than an orchestrated marketing narrative.

Analysts Warn of Downside Pressure

Amid the heated debate, on-chain analyst Ali Martinez issued a cautious note. He observed that XRP has recently slipped below the key $3 support level, which could expose the token to further downside — possibly to $2.60 or even $2 if bearish momentum accelerates.

At the same time, XRP bulls remain undeterred, with some analysts continuing to forecast a potential rally to $4 by year-end. For many newcomers — like the friend in Spagni’s story — optimism appears to outweigh caution.

Ripple’s Marketing Engine in Overdrive

Even Ripple’s harshest critics concede one thing: its marketing machine is unmatched in crypto. Social media engagement around XRP consistently outpaces most other tokens, drawing fresh retail investors into the ecosystem.

But detractors argue this success is fueled by questionable narratives. Some allege that Ripple funds campaigns exaggerating the collapse of banks or the inevitability of XRP as the “global bridge asset.” One critic, known online as Fish Catfish, even suggested investigative journalists should scrutinize Ripple’s media influence more closely.

Outlook

The debate over XRP’s ultimate role is far from settled. Supporters see Ripple as the front-runner for global financial integration, while critics view it as overhyped and fundamentally centralized.

What remains undeniable is that XRP continues to command disproportionate attention in crypto markets — whether as the future of finance, or as one of the industry’s most polarizing tokens.

@ Newshounds News™
Source: Coinpedia

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Investors May Soon Earn 4–7% Annual Yield on XRP Holdings

Flare Labs and Firelight are collaborating to bring decentralized finance opportunities to XRP holders, with projected yields ranging from 4% to 7% annually.

Flare & Firelight Introduce XRP Yield Opportunities
In a recent interview with Scott Melker, Hugo Philion (CEO of Flare Labs) and Jesus Rodriguez (CTO of Sentora and lead at Firelight) revealed details of their joint initiative. The project aims to allow XRP holders to lend, borrow, and generate yield—unlocking new use cases for an asset historically used only for payments.

Philion compared the concept to Ethereum’s MakerDAO, where investors can lock XRP as collateral to mint stablecoins, acquire assets, or provide liquidity to DeFi protocols. He emphasized that Flare’s approach avoids custodial risks by using FXRP, a wrapped version of XRP secured by network validators, enabling non-custodial transfers and lending.

4–7% Yield Potential for Idle XRP
Rodriguez highlighted that internal tests showed potential annual returns of 4% to 7% for XRP holders. He described this as groundbreaking for an asset that has traditionally generated no yield, noting that restaking strategies could further expand XRP’s DeFi capabilities.

Community Divided on Risk vs. Reward
The XRP community has responded with mixed reactions:

• Brad Kimes (Digital Perspectives): Called it a milestone that could unlock “the biggest release of idle liquidity in crypto,” comparing it to turning XRP into a bond-like income stream.

• Attorney Bill Morgan: Welcomed the yield prospects as a much-needed incentive for long-term holders.

• Vet (XRP Ledger validator): Warned that 7% yield may not justify the risks of deploying volatile assets into DeFi strategies, urging the ecosystem to move beyond short-term speculation.

Morgan suggested that the ideal product would allow holders to lock XRP long-term while borrowing safely against it for liquidity, though such solutions remain in development.

With Flare and Firelight pushing ahead, XRP could soon transform from a non-yielding asset into one that provides steady income streams, potentially reshaping its role in global finance.

@ Newshounds News™
Source: The Crypto Basic

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“Tidbits From TNT” Monday Morning 8-18-2025

TNT:

Tishwash:  Some of them are crucial.. The Coordination Framework will meet tomorrow to discuss five files.

An informed source within the Coordination Framework, which brings together Shiite political forces excluding the Sadrist bloc, revealed the agenda for the framework's meeting scheduled for Monday evening, Sunday.

The source told Shafaq News Agency, "The framework will discuss a number of important issues tomorrow, Monday, including the visit of the Secretary of Iran's Supreme National Security Council, Ali Larijani, to Baghdad last Monday, and his signing of a security memorandum of understanding related to security coordination on the common border between the two countries."

He added, "The framework will also discuss the withdrawal of US forces from Iraq according to the agreed-upon timetable, including a full withdrawal from the Iraqi government-controlled area by September 2025, and from the Kurdistan Region by September 2026."

He pointed out that "the Coordination Framework will also discuss the issue of oil exports via the Turkish port of Ceyhan, which has been suspended since March 2023 following a ruling by the International Chamber of Commerce's Court of Arbitration in Paris, resulting in losses estimated at billions of dollars due to the disruption of supplies."

The source also revealed that the framework will discuss the parliamentary elections scheduled for November 11, 2025, the issue of the Electoral Commission's disqualification of some candidates, and the compensation mechanism for those excluded, who number in the hundreds.

In this context, the source noted that "the Coordination Framework forces may resort to holding a subsequent meeting with the head of the High Elections Commission to discuss the exclusion and compensation mechanism in some detail and in accordance with applicable laws."

For its part, the Electoral Commission clarified that the disqualifications were due to the candidates' violation of Article 7/Third of the House of Representatives Elections Law of 2018.

Article 7/Thirdly, of the law stipulates that the candidate must be “of good character and conduct, and not have received a previous pardon for crimes of financial and administrative corruption or misdemeanors that violate honor.”

As for the final aspect of the framework meeting, the source said it "will include a discussion of the possibility of passing the Popular Mobilization Law and its future consequences for the country. This is expected to be discussed in a preliminary manner during tomorrow's meeting, Monday. A special meeting may be held regarding the Popular Mobilization Law to agree on a mechanism for passing it or postponing it to the next session, in a manner consistent with the requirements of the current stage."

In this regard, Ibtisam al-Hilali, a member of the Coordination Framework, revealed to Shafaq News Agency on Sunday that there is a movement within the House of Representatives to collect signatures to hold an upcoming session to vote on the Popular Mobilization Forces (PMF) law.

However, Member of Parliament Jawad al-Yasari previously confirmed to Shafaq News Agency that there is no directive from the parliament's presidency or a concrete date for resuming scheduled sessions to discuss and vote on a number of important laws, including the Popular Mobilization Forces law  link

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Tishwash:  Al-Rasheed begins disbursing the first semi-annual interest on national bonds.

Rashid Bank announced today, Sunday, the commencement of disbursing the first semi-annual interest to holders of the first national bond issue, affirming its commitment to the timetable previously set by the Central Bank of Iraq and the Ministry of Finance.

The bank explained in a statement that "this step comes within the framework of its efforts to enhance confidence in national bonds as a safe savings and investment tool, in addition to their contribution to diversifying funding sources and supporting the national economy."

The bank urged citizens to "visit the relevant branches to receive their dues," stressing that "national bonds represent an important investment opportunity for citizens, as they offer generous returns with full government guarantees, which contributes to attracting local savings and directing them toward development projects."  link

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Tishwash:  The Association of Banks announces the launch of a guide to accessing finance in Iraq.

The Iraqi Private Banks Association announced today, Sunday, the launch of a guide to accessing finance in Iraq under the auspices of the German Development Cooperation Agency (GIZ) and the Central Bank of Iraq, noting that the launch of this guide is a fundamental step towards building the national economy.

"The launch of the Access to Finance Guide in Iraq is a fundamental step toward empowering entrepreneurs, small and medium-sized enterprise owners, and all those seeking to contribute to building our national economy," said Ali Tariq, CEO of the Iraqi Private Banks Association, in a speech at the launch event of the Access to Finance Guide.

He added, "Access to financing is one of the biggest challenges facing youth and the private sector in Iraq today. Many innovative ideas and promising projects are stalled due to a lack of clear information about funding sources, available mechanisms, and required procedures." He explained that "this guide will serve as a simplified, practical reference, bringing together various financing tools and options that can benefit investors, entrepreneurs, or any startup."

He continued, "This guide would not have seen the light of day without the fruitful cooperation between the GIZ and the Central Bank, in the belief that enhancing financial inclusion and empowering the private sector represent a fundamental gateway to economic reform in Iraq."

He continued: "We are currently experiencing a pivotal phase in the development process, as the state moves to support and develop the private sector to become an effective partner in building the economy and diversifying sources of income." He pointed out that "this guide is not just a document, but rather a practical tool that will help thousands of young men and women and entrepreneurs identify the options available to them, whether through banks, financing companies, or government and international support programs."

He explained that "the Iraqi Private Banks Association affirms its commitment to working side by side with its partners to overcome obstacles, simplify procedures, and develop the business environment, thus opening the door to investment and innovation."

He pointed out that "the launch of this guide today is a message of hope to Iraqi youth that opportunities exist, support is available, and success is possible when there is determination and resolve, along with sound planning and cooperation." He expressed his thanks to "everyone who contributed to the preparation of this guide, and to all the parties that offered their expertise and support to make this initiative a success. I also thank you for inviting us to participate in issuing this guide, which reflects your commitment to supporting the economic reform process in Iraq."

He expressed his hope that "Iraq will witness more initiatives that will positively impact development and prosperity."  link

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Mot:  .. school - back he is !!!!  

Mot:  school - first day  

Iraq Economic News and Points To Ponder Sunday Afternoon 8-17-25

Al-Sudani's Advisor Identifies The Reasons For The Decline In The Dollar Exchange Rate.

Money and Business  Economy News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Saleh, outlined the reasons for the decline in the dollar exchange rate and its impact on the country's economic recovery on Sunday.

Saleh said, "The Iraqi parallel market has witnessed a significant decline in the dollar exchange rate against the dinar in recent months, reflecting shifts in demand and money supply, and raising questions about the extent to which this decline will impact economic activity and the balance of commodity prices."

He added, "Because the parallel (secondary) foreign exchange market is an information-based market, the efficiency of economic policy, with its financial, monetary, and commercial pillars, implemented in accordance with an integrated strategic framework, has contributed to transforming this market from a state of information noise with excessive price deviations, to a stable market that deals with clear and disciplined information (white noise), and in many cases, it has become led by the official market, not the other way around."

He pointed out that "the trend of the dollar's decline in the parallel market towards the official price can be attributed to the efficiency of coordination between government policies, through the following axes: (legally criminalizing the use of the dollar in local transactions, especially in the real estate market, which is one of the sectors with the highest demand for foreign currency, which strengthened the role of the dinar in daily trading, and the shift to an external financing system through international correspondent banks, instead of relying directly on the Central Bank window, a measure that reduced compliance risks and kept large traders away from relying on high-cost and high-risk parallel market financing)."

He added: "Integrating small importers into the official foreign currency financing network has enabled them to obtain dollars at the official exchange rate directly, without the need for intermediaries from currency companies.

This represents approximately 60% of import activity, thanks to administrative facilitations and the reduction of bureaucratic links.

This is in addition to the cultural shift in travelers' behavior towards using electronic payment cards in foreign currency, which has eased pressure on cash dollars, while maintaining the possibility of obtaining a specific cash share from airports on favorable terms and with strict compliance.

In addition, a smart defensive pricing policy has been adopted, represented by the spread of cooperative societies to distribute food commodities, construction goods, and others, with import financing based on the official rate of 1,320 dinars per dollar.

This has contributed to the stability of the commodity market and achieving a reasonable balance between supply and demand."

He pointed out that "the expected economic impacts can be monitored as follows:

First, on the economic movement, which is represented by: (a decrease in import costs and an increase in purchasing power, strengthening confidence in the Iraqi dinar and stimulating local investment, and a revival of domestic commercial activity as a result of lower operating costs, and

second, the economic impacts are directed at the prices of basic commodities, most notably (a decrease in the prices of imported food and medicine, and a reduction in inflation resulting from fluctuations in the exchange rate, as well as improving the purchasing power of citizens, and that the instability of the exchange markets has effects on the state of balance in the prices of basic commodities, and increases their fluctuations in such cases."

Saleh concluded by saying: “Efficiently controlling economic policy with its three pillars: fiscal, monetary, and trade, along with strong law enforcement, remains an important factor in providing a framework for stability, specifically: (maintaining the gradual unification of the official and parallel exchange rates, as well as increasing the supply of dollars through official channels, in addition to tightening controls on speculators and the black market, and stimulating local production to reduce dependence on imports within strong and stable supply policies that provide national producers with greater flexibility in supplying capital goods, raw materials, and production supplies.” https://economy-news.net/content.php?id=58891

Iraq's Oil Exports To The US Decline By More Than 130,000 Barrels Per Day.

Energy   Economy News – Baghdad The U.S. Energy Information Administration announced on Sunday that Iraqi oil exports to the United States fell by more than 130,000 barrels per day last week.

The administration said, "U.S. crude oil imports from nine major countries averaged 5.911 million barrels per day last week, up 322,000 barrels per day from the previous week's average of 5.589 million barrels per day."

She added, "Iraq's oil exports to the United States averaged 142,000 barrels per day, down 137,000 barrels per day from the previous week's average of 279,000 barrels per day."

The administration also indicated that "the largest US oil revenues during the past week came from Canada, at a rate of 4.045 million barrels per day, followed by Mexico, at a rate of 398,000 barrels per day, Brazil, at a rate of 344,000 barrels per day, and Colombia, at a rate of 343,000 barrels per day."

According to the table, "US crude oil imports from Saudi Arabia averaged 273,000 barrels per day, from Nigeria 213,000 barrels per day, from Libya 80,000 barrels per day, from Ecuador 65,000 barrels per day, and no imports from Venezuela."   https://economy-news.net/content.php?id=58871

Central Bank: Financing Guide Is A Step Towards Restructuring The Banking Sector And Enhancing Financial Inclusion.

Banks  Economy News – Baghdad   The Central Bank announced on Sunday that the Access to Finance Guide is an important step for financial institutions and the restructuring of the banking sector. It also noted that the National Lending Strategy and the National Financial Inclusion Strategy have facilitated access to finance.

In a speech during the launch of the Access to Finance Guide, the bank's Deputy Governor, Ammar Hamad Khalaf, said, "In cooperation with the German Agency for International Cooperation and the Association of Private Banks, the Access to Finance Guide was launched today to facilitate the financing situation, remove obstacles, and facilitate access to it with the aim of achieving development and increasing supply and demand."

He explained that "the facilities provided represent an important step for financial institutions and the restructuring of the banking sector, particularly for small and medium-sized enterprises," indicating that "the multiplicity of entities supporting these projects leads to the dispersion of efforts and a lack of focus on additional projects.

Therefore, the first recommendation of the committee supervising the implementation of the national strategy for the sector is to establish an independent national entity to oversee these projects and work to mobilize financial and technical support for them according to an integrated vision that ensures optimal investment of funding sources."

He added that "a large proportion of small businesses remain part of the informal economy, which prevents them from accessing formal financing," noting that "the Central Bank has launched financing initiatives since 2015 that have helped support thousands of small and medium-sized enterprises, in addition to large projects and housing loans."

He pointed out that "the Iraqi government has recognized the importance of entrepreneurial projects and launched the "Riyada" initiative, from which hundreds of projects have benefited to date, and the Central Bank has become a significant contributor to financing these projects."

He continued, "The recently launched National Lending Strategy and National Financial Inclusion Strategy have facilitated access to financing, given its importance. This guide, whose launch we are celebrating today, complements the measures taken by the renewal strategy and aims to achieve key objectives, including enabling entrepreneurs to identify official sources of financing and enhancing financial literacy to achieve continuous and sustainable growth across various sectors." https://economy-news.net/content.php?id=58888

Al-Sudani: Economic Development Must Proceed Through Optimal Investment Of Funds

Money and Business  Economy News – Baghdad   Prime Minister Mohammed Shia al-Sudani stressed on Sunday that economic development must proceed through optimal investment of funds in locations with the highest returns.

A statement from his media office, received by Al-Eqtisad News, stated that "Al-Sudani chaired a meeting devoted to discussing ways to maximize non-oil revenues and support and enhance the state's financial resources. The meeting was attended by the Minister of Finance, the Minister of Trade, the Mayor of Baghdad, the Governor of the Central Bank of Iraq, and a number of advisors and general managers."

He pointed out that "the meeting discussed the use of modern technologies, digital mechanisms, and automation to maximize revenues and promote projects with higher returns."

The Prime Minister emphasized that "economic development must proceed through optimal investment of funds in locations with the highest returns, and by developing plans to rationalize spending and reduce waste."

He explained that "the meeting discussed the Ministry of Trade's revenues and maximizing them, enhancing the quality of ration card items, the best economic ways to manage wheat purchasing and storage operations, the absorptive capacity for the coming seasons and spending in this regard, as well as discussing the organization of Baghdad Municipality's revenues, the optimal path for managing real estate resources, institutions and their projects and collection methods, in addition to presenting the implementation of collection in the electricity sector and the objective plans in this regard." https://economy-news.net/content.php?id=58890

The Withdrawal Of US Forces Raises Questions About Stability In Iraq.

Political |- 08/17/2025  Mawazine News - Baghdad -  In a move described as having intertwined political and security dimensions, US forces have begun reducing their military presence in some Iraqi bases. The timing raises widespread questions about its repercussions for the country's stability, especially with the escalation of threats emanating from the north.

Officials in Baghdad confirmed that the withdrawal is taking place in accordance with joint understandings with Washington and comes in response to repeated demands to end the foreign presence. However, analysts believe that the move carries deeper implications, as it may reflect a strategic repositioning rather than a final withdrawal.

The timing is sensitive, as the country faces complex security challenges in the north, where ISIS remnants are operating in some rugged areas, in parallel with Turkish military operations against the Kurdistan Workers' Party (PKK), as well as armed movements on the Syrian-Iraqi border.

This situation, according to observers, may present Iraq with a difficult test. While the public and political forces welcome the withdrawal as a reinforcement of national sovereignty, concerns are growing about the possibility of a security and intelligence vacuum that could be exploited by extremist groups or regional parties.

Others, however, believe the withdrawal could become an opportunity to strengthen the state's capabilities if it is accompanied by clear plans to fill the vacuum, activate cooperation between federal forces and the Peshmerga, and support intelligence and border control agencies.

Between concern and optimism, the most important question remains: Will Iraq be able to transform the US withdrawal into a platform for strengthening stability and sovereignty, or will the timing leave a vacuum that further destabilizes the security landscape? https://www.mawazin.net/Details.aspx?jimare=265233

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