Iraq Economic News and Points To Ponder Wednesday Morning 9-3-25

Iraq Maintains Global Ranking In Gold Reserves
 
 Iraq Amr Salem September 2, 2025 268 A gold vault holding gold bars. Photo: Shutterstock
 
Baghdad (IraqiNews.com) – The World Gold Council announced on Tuesday that Iraq’s gold reserves had remained stable.   According to the most recent assessments released by the council, Iraq
 has made no gold purchases since the beginning of 2025. The council highlighted that it  remained in 29th place internationally out of 100 with the highest gold reserves.

Iraq’s gold holdings amounted to 162.7 tons,  or 16.9 percent of its total foreign reserves.
 
Additionally, following Saudi Arabia, Lebanon, and Algeria, Iraq kept its fourth rank among Arab countries.   In response to growing economic and geopolitical threats,    central banks worldwide are increasing their holdings of bullion.
 
The country’s gold reserves increased by 45.1 percent in the fourth quarter of 2024 compared to the same period in 2023,     according to data released earlier in March by the Central Bank of Iraq (CBI).
 
The World Gold Council, which has offices in India, China, Singapore, the United Arab Emirates, and the United States in addition to its headquarters in London, seeks to leverage market expansion to sustain and raise demand for gold.
 
Iraq’s gold holdings reflect the country’s ongoing efforts to    diversify its foreign reserves and   improve long-term financial and monetary stability.
 
Gold has historically been a shelter for investors,  particularly during uncertain   geopolitical and   economic times.    https://www.iraqinews.com/iraq/iraq-maintains-global-ranking-in-gold-reserves/ 

Iraq’s Trade Ministry Reviews Reforms In Private Banking Sector
 
 Iraq    Amr Salem   September 2, 2025    The Central Bank of Iraq. Photo: INA   Baghdad (IraqiNews.com) – The Iraqi Ministry of Trade discussed on Monday    reforms in the private banking sector, addressing the    condition of the important sector and    possibilities for solutions.
 
During a meeting held by the Trade Ministry’s Center for Commercial and Economic Studies, the
discussions included the  Central Bank of Iraq’s (CBI) flexibility with private banks, as well as    approaches to monitor the impact of future changes, according to Shafaq News.
 
Suggestions will be provided to the prime minister, including  maintaining CBI flexibility toward private banks    based on their capacity,   easing limits on sanctioned banks, and  ensuring their involvement in financial activities.
 
Iraq’s financial system remains severely strained, with  almost half of its institutions under international sanctions,    a hurdle that analysts say might transform reforms into a   cause for breakdown  rather than progress.

Previously, the CBI reached a deal with the consulting company Oliver Wyman to perform assessments   as part of its restructuring strategy.
 
In mid-August, officials from the CBI met with representatives from Oliver Wyman
    to discuss a   banking reform proposal offered by the Iraqi Private Banks League (IPBL) to   modernize Iraq’s banking industry and  align operations with worldwide practices.
 
The strategy intends to stabilize the banking sector so that    it can function securely and effectively in accordance with  international norms and standards, as well as   local legislation,   while also strengthening   governance,  compliance, and    risk management.
 
The strategy also allows banks to perform an economic role that   promotes growth while   providing the most effective services possible.       https://www.iraqinews.com/iraq/iraqs-trade-ministry-reviews-reforms-in-private-banking-sector/ 

Iraq's Domestic Public Debt Rises Sharply  
 
Iraq     domestic debt    to rise    breaking    Energy and Business   
 
2025-09-02 Shafaq News – Baghdad   The Central Bank of Iraq announced on Tuesday that    domestic public debt will rise by the end of June 2025.
 
The bank said in an official statistic seen by Shafaq News Agency, "Iraq's domestic public debt rose by the end of June of this year    to reach 87 trillion and 748 billion Iraqi dinars, an
    increase of 2.56% compared to May, which reached 85 trillion and 503 billion dinars, also an
    increase of 5.35% compared to 2024, which reached 83.050 trillion dinars, and an
    increase of 19.59% compared to 2023, which reached 70.558 trillion dinars." He added,
 
"The increase was a result of the increase in the payment of farmers' dues, which reached $14.83 trillion, up from $12.568 trillion."
 
The bank pointed out in its statistics that the  remaining debts are owed by the Ministry of Finance  amounting to 756 billion dinars, and    treasury transfer debts at the Central Bank and commercial banks  amounting to 51 trillion and 30 billion dinars, in addition to   treasury transfers on the account of the Ministry of Finance        amounting to 2 trillion and 30 billion dinars, and    loans to financial institutions amounting to 19 trillion and 102 million dinars.      
https://shafaq.com/ar/اقتصـاد/ارتفاع-كبير-بالدين-العام-الداخلي-للعراق   

Government Advisor: Iraq Has Achieved Remarkable Success In Recovering Funds From Abroad. 
 
Baghdad - INA - Nassar Al-Hajj The Prime Minister's financial advisor, Mazhar Mohammed Salih,outlined two paths for recovering Iraq's assets on Tuesday, including  corruption funds from after  2003 and  funds from the former regime. He emphasized that Iraq has achieved remarkable success in this area.
 
Saleh told the Iraqi News Agency (INA):
 
“Based on the Iraqi Asset Recovery Fund Law No. (9) of 2012,  which was amended by Law No. (7) of 2019,  the objectives of the amendment were determined to  expand the powers of the fund’s management to  enable it to recover smuggled funds as a result of corruption after 2003, in addition to   encouraging those cooperating with the fund  by granting rewards to informants on smuggled funds, with an emphasis on    strengthening international coordination     by proposing agreements with   countries and   regional and   international organizations in this regard and   conducting mutual judicial assistance.”  

He added,  "An agreement for economic and technical cooperation   between Iraq and relevant   countries and   nstitutions   provides for a    lever for cooperation in tracking and recovering our country's funds that have been   smuggled abroad by various means, as well as  enabling the fund to file lawsuits inside and outside Iraq  against individuals involved in corruption and the smuggling of the country's funds."
 
He pointed out that "the fund is linked to the Council of Ministers and enjoys legal personality.
 
It consists of a board of directors headed by the   Chairman of the Integrity Commission, the    Director General of the Recovery Department at the Integrity Commission, and    representatives from the Ministries of Foreign Affairs, Oil, Finance, Justice, and Trade, the    Central Bank of Iraq, the    Federal Board of Supreme Audit,    relevant security agencies, and the    Supreme National Commission for Accountability and Justice."  He pointed out that
 
"there are extensive procedural mechanisms in place, such as    opening closed accounts inside and outside Iraq in the name of the Ministry of Finance   to deposit revenues from recovered funds, the possibility of    distributing recovered funds in four installments over a period not exceeding six months, and the    use of experts from inside and outside Iraq and determining their remuneration."

Saleh explained that  “there are two types of funds that are being    pursued,    confiscated, and    legally tracked within the areas of international jurisdiction in two tracks, the    first of which is the funds of the former regime:   they have been dealt with since 2003 based on   Security Council resolutions, especially Resolution 1483, and   governmental/diplomatic channels with countries that have frozen assets.

Parts were transferred to the Development Fund for Iraq in 2003-2004, and  diplomatic pressure was later completed.  This track is based primarily on countries’ commitments to UN resolutions.” 

He added, "The second type is corruption funds after 2003.
 
The main framework for this process is the    United Nations Convention against Corruption (UNCAC), which Iraq ratified under Law No. 35 of 2007, with the work of the    Integrity Commission and the   Recovery Fund, and through    memoranda of understanding and technical assistance   (within initiatives such as StAR and bilateral partnerships that the   Integrity Commission is working on diligently and effectively with the national and international   judicial climates)."

  Saleh emphasized that  “the inventory of Iraq’s rights is ongoing and is announced from time to time, and represents a remarkable success for the Asset Recovery Commission,” noting that
 
“there are many obstacles, including: the    diversity of evidence systems and the    criminalization of illicit enrichment, the  complexities of bank secrecy and tax havens, as well as the    slow pace of mutual legal assistance and cross-border procedures, and  loopholes in tracking hidden money and    identifying the real beneficiary, in addition to    precedents of settlements that return part of the money in exchange for reduced penalties, and the  accompanying controversy over deterrence, without neglecting the  diversity of evidence systems, the complexities of bank secrecy and tax havens, and the  limited  statistics and  unified rules for documenting the results.” 

He pointed out that "it is not an easy legal and technical process,  both local and international,  especially the inventory of Iraqi properties and real estate abroad, including various buildings,  which requires inventorying and monitoring them in direct and indirect cooperation with oversight agencies,  including the Asset Recovery Fund." ttps://ina.iq/ar/economie/242436-.html  

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 9-3-25

Good Morning Dinar Recaps,

SEC and CFTC’s New Joint Guidance Opens the Door to Mainstream Crypto Adoption

For the first time, U.S. regulators have confirmed that major registered exchanges can list spot crypto products, signaling a breakthrough for digital asset markets.

Historic Joint Statement

In a landmark move, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issued a joint statement clarifying that registered U.S. exchanges are not prohibited from facilitating the trading of certain spot crypto asset products.

The guidance applies to:

• CFTC-registered Designated Contract Markets (DCMs)

• Foreign Boards of Trade (FBOTs)

• SEC-registered National Securities Exchanges (NSEs)

This development represents the strongest signal yet that U.S. regulators are aligned in supporting digital asset innovation under federal market structures.

Project Crypto and Crypto Sprint

The announcement builds on two key regulatory initiatives:

• SEC’s Project Crypto – advancing frameworks for digital asset markets.

• CFTC’s Crypto Sprint – launched last month to solicit public input on listing spot crypto contracts on DCMs.

"Today's joint staff statement represents a significant step forward in bringing innovation in the crypto asset markets back to America," said SEC Chairman Paul Atkins.

Industry Reactions

Market leaders quickly welcomed the development.

• “The joint statement gives major U.S. exchanges the green light to offer spot trading on leading digital assets,” said Alexander Blume, CEO of Two Prime Digital Assets. “This opens the door for even more mainstream adoption.”

• Matthew Sigel, VanEck’s head of digital asset research, added: “The NYSE, Nasdaq, CBOE, CME, etc., will soon have spot trading for BTC, ETH, and more.”

• Gerald Gallagher, general counsel for the Sei protocol, wrote: “The turf wars are ending. The SEC and CFTC are rowing in the same direction.”

Why This Matters

Until now, spot crypto trading in the U.S. was largely confined to platforms like Coinbase, Kraken, and Gemini — none of which are national securities exchanges or designated contract markets. With this joint statement, the biggest U.S. exchanges — Nasdaq, NYSE, CME — are now positioned to list crypto spot products.

This comes as the Trump administration pushes to make the U.S. the “crypto capital of the world,” having already signed the first federal stablecoin law earlier this summer. A broader crypto market structure bill is still under development in Congress.

Key Takeaway

The SEC and CFTC’s joint stance marks a turning point: U.S. regulators are aligned on crypto spot trading, opening the door to mainstream adoption through traditional exchanges. This move validates digital assets as a core part of America’s financial infrastructure going forward.

@ Newshounds News™
Source: The Block

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Ripple Custody Targets $16T Tokenization Market With Institutional-Grade Security

Ripple is positioning its custody platform as the backbone of institutional digital finance, aiming to capture a share of the $16 trillion tokenization wave expected by 2030.

Custody Takes Center Stage

Ripple is doubling down on custody as the core of its digital asset strategy. With projections that 10% of global assets will be tokenized and traded on-chain within five years, the company says institutions need bank-grade solutions to secure their digital holdings.

In a blog post amplified by SBI CEO Yoshitaka Kitao, Ripple argued that custody is no longer optional: it’s the foundation of trust that enables banks and enterprises to scale into the tokenized economy.

Safekeeping as the Foundation of Trust

Ripple Custody’s first mission is clear: protect private keys with impenetrable security. The platform delivers:

• Bank-grade private key storage

• Flexible deployment options (SaaS or on-premise)

• Compliance-ready frameworks to meet global regulatory standards

Ripple notes that one breach can wipe out institutional trust, while strong custody infrastructure sets the stage for long-term growth in tokenized assets like real estate, treasuries, and cryptocurrencies.

Stablecoins at Scale

Ripple Custody isn’t just about safekeeping — it’s also about enabling the full stablecoin lifecycle. Institutions can mint, burn, and manage stablecoins across both the XRP Ledger and EVM-compatible blockchains.

• Société Générale FORGE recently launched its euro-backed stablecoin (EURCV) on the XRP Ledger.

• In South Korea, BDACS is leveraging Ripple’s own institutional stablecoin, RLUSD, for payment solutions.

These cases highlight Ripple’s push to become the infrastructure layer for stablecoin settlement worldwide.

Governance Made Simple

To reduce friction in banking operations, Ripple Custody automates back-end processes that traditionally slow institutions down. Features include:

• Automated settlements and reconciliations

• Integrated reporting and compliance

• Support for both public and private blockchains

The goal is to help banks cut costs, reduce operational risk, and align institutional processes with a market moving at digital speed.

Why This Matters

Ripple Custody is already trusted by banks in more than 15 countries, and its reach is growing. With $16 trillion in tokenized assets projected by 2030, the institutions that lead on custody will also lead in global finance’s next chapter.

By combining security, stablecoin infrastructure, and automation, Ripple is positioning itself as the go-to custodian for the tokenized future.

Key Takeaway

Custody is no longer just a support service — it is the foundation of the tokenized economy. Ripple Custody’s secure, scalable infrastructure makes it a frontrunner to capture the institutional market as trillions in assets move on-chain.

@ Newshounds News™
Source: Coinpedia

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Milei Introduces Bill to Halt Money Issuance in Argentina’s Congress

Argentina’s president seeks to enshrine a zero-issuance monetary framework into law, banning deficit financing through money printing and imposing penalties on violators.

A New Fiscal and Monetary Framework

President Javier Milei has introduced the “Draft Law on National Commitment to Fiscal and Monetary Stability” to Argentina’s Congress. The proposal aims to permanently ban governments from using central bank money issuance to finance state expenditures, embedding Milei’s strict fiscal discipline into the country’s legal framework.

According to presidential spokesperson Manuel Adorni, the bill’s central objective is ensuring that all state budgets must balance without relying on printing unbacked cash. Any spending outside of approved budget laws will be prohibited, and officials attempting to execute unauthorized expenses will face penalties.

Nullifying Fiscal Loopholes

Adorni stressed that any regulation that undermines fiscal balance will be considered null and void. The legislation specifies that new crimes will be codified to punish officials who breach its statutes, strengthening accountability within Argentina’s fiscal system.

"All regulations that violate these provisions will be null and void, meaning there will be no laws that undermine fiscal balance and do not establish how planned expenditures will be financed," Adorni stated.

Context: Austerity and the Chainsaw Model

Since taking office, Milei has pursued what he calls the “chainsaw” model — slashing thousands of public sector jobs, shrinking state institutions, and vetoing spending bills that relied on deficit financing.

His administration recently vetoed Congressional proposals to expand pensions and emergency disability spending, citing that such measures could only be funded by new money issuance — exactly what Milei’s policy seeks to outlaw.

These austerity measures have delivered tangible results:

• Inflation slowed significantly after years of hyperinflationary pressure.

• The Argentine peso stabilized against the U.S. dollar.

• Poverty levels declined modestly, according to government reports.

Criticism and Concerns

Despite early signs of stabilization, critics warn Milei’s approach could create new risks. Saifedean Ammous, economist and author of The Bitcoin Standard, argued that Argentina is trading one crisis for another, warning the country may face a debt default scenario if austerity measures are pushed too far.

Milei’s political opponents also argue that his cuts have disproportionately hurt vulnerable populations, creating social strain even as macroeconomic indicators improve.

Why This Matters

If passed, Milei’s bill would lock Argentina into a new monetary orthodoxy where governments can no longer resort to money printing to finance deficits. Supporters say this could restore credibility to Argentina’s fiscal system and prevent a return to hyperinflation. Critics counter that it risks reducing the state’s flexibility during times of crisis.

Either way, the proposal marks a defining moment in Argentina’s economic experiment — a test of whether extreme monetary restraint can finally bring lasting stability to one of the world’s most inflation-prone economies.

Key Takeaway

Milei’s draft law represents more than just policy — it’s a structural shift in Argentina’s monetary rules. By outlawing deficit financing through money issuance, Milei is betting that hard limits on government spending will anchor stability, even at the cost of austerity.

@ Newshounds News™
Source: Bitcoin.com

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“Tidbits From TNT” Wednesday Morning 9-3-2025

TNT:

Al-Sudani announces the signing of memoranda of understanding with Oman during his visit.

Prime Minister Mohammed Shia al-Sudani announced on Wednesday that he will sign memoranda of understanding in various fields between Iraq and Oman during his official visit to the Sultanate.

In a press statement at Baghdad International Airport prior to his departure to Oman, Al-Sudani said that the visit was preceded by joint preparations and meetings of several committees

 Which resulted in the preparation of a number of memoranda of understanding in the fields of energy, tourism, oil storage and refining, industry and localization of the defense industry, maritime transport and port management, scientific research and educational cooperation, avoidance of double taxation, housing and urban planning, youth and sports, trade exchange and export development, enhancing competition and preventing monopoly, radio and television cooperation, communications, and understanding between the Federation of Chambers of Commerce and the Oman Chamber of Commerce and Industry.

The Prime Minister pointed to the stability in Iraq, its clear and principled positions in the regional arena, and its role in stabilizing the region. He also highlighted the urban and development boom it is witnessing, in which Omani and Arab brothers will play a prominent role in promoting development, participating in investing in available opportunities, and building long-term partnerships.

Al-Sudani called on the Omani private sector to cooperate with its Iraqi counterpart in all fields and create job opportunities for young people, as our youth sector is brimming with experience, strength, and a drive toward a promising future and successful experiences. link

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Tishwash:  Al-Sudani: The partnership between Iraq and the United States has achieved significant results and enhanced security.

Prime Minister Mohammed Shia al-Sudani praised the partnership between Iraq and the United States on Tuesday, stressing that it has achieved significant results and contributed to enhancing security and stability.

The Prime Minister's Media Office said in a statement received by the Mail that "Al-Sudani received today the new commander of the US Central Command, Admiral Brad Cropper, and his accompanying delegation, in the presence of the Chargé d'Affaires of the US Embassy in Iraq." 

He added, "The meeting discussed various security and military aspects between Iraq and the United States, progress made in the war on terrorism, and follow-up on the implementation of the joint declaration issued in September 2024, with commitment to all provisions of the agreement emphasized." 

The office continued, "The meeting also emphasized the importance of continuing dialogue on joint security cooperation at the bilateral level between Iraq and the United States, as well as exchanging views on aspects of the bilateral partnership and ways to develop it." 

According to the statement, the Prime Minister affirmed that "the partnership between Iraq and the United States has achieved significant results that serve the interests of both countries and have contributed to enhancing security and stability locally, regionally, and internationally." 

For his part, Admiral Cooper praised "Iraq's role as a model of successful counterterrorism cooperation," reiterating his commitment to "building on the successes achieved, continuing security cooperation, and strengthening strategic communication in the coming period.  link

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Tishwash:  The Iraqi parliament sets the end date for its legislative term and comments on the postponement of elections. 

Deputy Chairman of the Parliamentary Committee on Regions and Governorates, Jawad Al-Yasari, revealed on Tuesday that the House of Representatives will continue to hold   its regular sessions until the end of the fifth parliamentary term, specifically on January 6, 2026.

The leftist told Shafaq News Agency, "The House of Representatives will resume its sessions next week, with three to four sessions," noting that "there are many laws that need to be read, discussed, and voted on in the House."

According to him, the current parliamentary term ends 45 days after the legislative elections, and he is able to hold sessions before and after the elections within the specified time period set by the Iraqi constitution.

In contrast, MP Firas Al-Maslamawi, of the Reconstruction and Development bloc, told the agency, "The legislative elections for the House of Representatives will be held on the scheduled date of November 11, 2025, and reports of a postponement are incorrect."

According to Al-Maslamawi, the federal government's mission is to hold and ensure the success of legislative elections on the scheduled date, and that political parties and political, economic and security factors indicate that they will be held on time.

The Iraqi Council of Ministers set November 11, 2025, as the date for the next parliamentary elections. The Electoral Commission announced that candidate campaigning will begin on October 8 and continue until the last 24 hours before the start of special voting. Approximately 30 million Iraqis out of a population of 46 million are eligible to participate in these elections   link

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Mot:  How it Actually Happened !!!! 

Mot:  Yeppers.. Another ""Motism Marital Tip"" - BUT ONLY for Women!! 

The Data is a Lie’: Analyst Who Called 3 Crashes Reveals What’s Really Happening

The Data is a Lie’: Analyst Who Called 3 Crashes Reveals What’s Really Happening

Kitco News:  9-2-2025

In this in-depth interview, 49-year market veteran Bert Dohmen sits down with Jeremy Szafron to deliver a stark warning about the state of the global markets and economy.

Dohmen, who famously called the crashes of 1987, 2000, and 2008, reveals why he believes official economic data is a lie and how record speculation has created the most dangerous "bull trap" in history.

 In this exclusive conversation, Dohmen exposes what he calls the "Bureau of Lying Statistics," gives his forecast for a major market downturn, slams Bitcoin as a "figment of the imagination," and details his controversial geopolitical thesis that a "return to colonialism" for resources is driving global conflict.

IN THIS INTERVIEW:

0:00 - Market on Edge: Gold Hits All-Time Highs, Economy in Contraction

1:45 - "The Markets Are a Game": How Algos Control Everything

 5:55 - Market Valuations: "Worse Than 1929 is Coming"

7:34 - $1 Trillion in Margin Debt: A "Fiasco of Foreclosures" Ahead

12:20 - "Bureau of Lying Statistics": Why US Economic Data is a Lie

14:43 - Bitcoin Takedown: "A Figment of the Imagination, A Big Scam"

 19:33 - Lessons From Past Crashes & The 2007 Rule Change That "Screwed the Market"

 21:34 - The 2031 Gold Price Target & Long-Term Cycle

24:37 - The Gold & Silver Paradox: What Investors Must Do in a Crash

25:30 - The New Alliance: Russia, China & India Challenge the US Dollar

 28:05 - Geopolitical "Endgame": The Real Reason for Conflict in Gaza

29:58 - "Return to Colonialism": Dohmen's Explosive Thesis on Venezuela

34:40 - The Truth About Inflation & The Fed's "Historic Policy Error"

40:00 - Why Silver Will Outperform Gold

42:00 - The ONE Thing That Will Prove His Thesis Wrong

https://www.youtube.com/watch?v=vd2YUMKPmGM

Iraq Economic News and Points To Ponder Tuesday Evening 9-2-25

Iraq Has Refrained From Buying Gold For Seven Months, Maintaining Its Global Position.

Time: 2025/09/02 Reading: 705 times  {Economic: Al Furat News} The World Gold Council confirmed on Tuesday that Iraq has maintained its global ranking in gold reserves.

According to the Council's latest statistics, for September, Iraq has not purchased any gold in seven months of 2025, indicating that it has maintained its 29th place globally out of 100 for the largest reserves of the precious metal.

He added that Iraq's gold reserves amounted to 162.7 tons, equivalent to 16.9% of its other foreign currency reserves. Iraq thus holds the fourth largest gold reserves in the Arab world, after Saudi Arabia, Lebanon, and Algeria.

The Council noted that "the United States of America tops the list of the world's largest gold holders, with 8,133,000 tons, followed by Germany with 3,350,000 tons, then Italy with 2,451,000 tons, while Iceland and Hong Kong come in last with 2 and 2.1 tons, respectively."

The World Gold Council, headquartered in the United Kingdom, has extensive experience and in-depth knowledge of the factors influencing market changes, and its members include the world's largest and most advanced gold mining companies.  LINK

With Global Prices Rising, Gold Prices Fluctuate In Baghdad.
economy | 02/09/2025  Mawazine News - Baghdad -  Foreign and Iraqi gold prices witnessed fluctuations in the local markets of the capital, Baghdad, on Tuesday.

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of one 21-karat mithqal of Gulf, Turkish and European gold at 706,000 dinars, and a purchase price of 702,000 dinars, the same prices recorded yesterday, Monday.

Meanwhile, the selling price of one 21-karat mithqal of Iraqi gold reached 676,000 dinars, and the purchase price reached 672,000.

As for gold prices in goldsmiths, the selling price of one 21-karat Gulf gold mithqal ranges between 710,000 and 720,000 dinars, while the selling price of one Iraqi gold mithqal ranges between 680,000 and 690,000 dinars.  https://www.mawazin.net/Details.aspx?jimare=266106

The Dollar Price Rose As The Stock Market Closed.

Tuesday, September 2, 2025, | Economic Number of reads: 285  Baghdad/MENA/ The exchange rate of the dollar rose against the dinar on Tuesday afternoon in Baghdad markets, with the closing of the stock exchange.

The dollar price witnessed an increase with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 142,700 dinars for $100, while this morning the price was recorded at 142,600 dinars for $100.

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Selling prices in exchange shops in the local markets in Baghdad recorded an increase, as the selling price reached 143,750 dinars for $100, while the purchase price reached 141,750 dinars for $100.

In Erbil, the dollar also recorded an increase, as the selling price reached 142,500 dinars for every $100, and the purchase price was 142,400 dinars for $100. /End https://ninanews.com/Website/News/Details?key=1249703

The Decline In Iraqi Oil Prices In The Global Market

Economy | 02/09/2025   Mawazine News - Follow-up:  Iraqi oil prices recorded a decline during daily trading on Tuesday in the global market.

According to data reviewed by specialists, Basra Heavy crude recorded $66.26 per barrel, while the average recorded $69.46 per barrel, with a change rate of -0.65 for both.

The data also showed an increase in global crude prices, as British Brent crude recorded $68.52 per barrel, while US West Texas Intermediate crude recorded $65.00 per barrel, with a change rate of +0.37 and +0.99, respectively.  https://www.mawazin.net/Details.aspx?jimare=266101

Central Bank: Iraq's Domestic Public Debt Has Risen Significantly.

economy | 02/09/2025  Mawazine News – Baghdad  The Central Bank of Iraq announced, on Tuesday, an increase in domestic public debt by the end of June 2025.

The bank said in an official statistic reviewed by Mawazine News, that "Iraq's domestic public debt rose by the end of June of this year to reach 87 trillion and 748 billion Iraqi dinars, an increase of 2.56% compared to May, which amounted to 85 trillion and 503 billion dinars, also an increase of 5.35% compared to 2024, which amounted to 83.050 trillion dinars, and an increase of 19.59% compared to 2023, which amounted to 70.558 trillion dinars.

He added that "the increase came as a result of the increase in the delivery of farmers' dues to reach 14 trillion and 830 billion dollars after it was 12 trillion and 568 billion dollars."

The bank indicated in its statistics that the remaining debts are owed by the Ministry of Finance, amounting to 756 billion dinars, and the debts of transfers are treasury at the Central Bank and commercial banks, amounting to 51 trillion and 30 billion dinars, in addition to treasury transfers to the Ministry of Finance amounting to 2 trillion and 30 billion dinars, and loans to financial institutions amounting to 19 trillion and 102 million dinars. https://www.mawazin.net/Details.aspx?jimare=266111

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

Iraq Economic News and Points To Ponder Tuesday Afternoon 9-2-25

Us Warning: The Federal Reserve Is Considering Cutting Off The Dollar To Iraq!
 
September 1, 2025 Last updated: September 1, 2025  Al-Mustaqilla/- Exclusive sources revealed to Al-Mustaqilla on Monday that the US Federal Reserve is studying imposing economic sanctions on Iraq,which could include cutting off the dollar from the country, if what it described as "the smuggling of hard currency to Iran" continues.

Sources confirmed that US warnings were communicated to the Iraqi government and central bank some time ago,  demanding an end to dollar smuggling.
 
However, according to the sources, "the government has not yet taken any practical steps to comply with US directives,  and smuggling has continued unabated."
 
Sources indicate that previous meetings were held between Iraqi officials and American parties,
where the danger posed by continued currency smuggling to the Iraqi economy was highlighted.
 
However, "the issue has not been resolved,  and no signals of compliance have been sent by the current government."
 
Economic analysts view these developments as a direct blow to the government and the Central Bank of Iraq, warning that continued smuggling could lead to a major economic crisis, weaken the country's ability to secure basic needs in hard currency,
and increase pressure on the dollar price in the local market.
 
The question now arises:
Will the Iraqi government take urgent action before US threats turn into actual sanctions that cut off Iraq's dollar lifeline, or will the smuggling issue continue to fuel the country's economic crisis?     https://mustaqila.com/تحذير-أمريكي-البنك-الفيدرالي-يدرس-قرا/ 

Monetary Stability And Exchange Rate Liberalization.

Economic 2025/08/31  Mohammed Sharif Abu Maysam  In economic feasibility studies, the
    financial,  marketing, and  technical studies   cannot be prepared in an investment environment unless that environment enjoys   monetary stability, paving the way for  stable exchange rates for the local currency against foreign currencies.
 
This allows the economic feasibility researcher

—particularly the foreign investor
—to calculate costs, returns, and profits over the time periods within the project's lifetime.
 
This means that monetary instability can be a deterrent to investment capital,even if the investment environment is promising.
 
Therefore, monetary authorities, through their available tools,  seek to  achieve the goal of monetary stability and  reassure investors and those preparing economic feasibility studies, with  stability that makes the margin of error in forecasts very small.

This leaves it to the executive,   legislative, and  judicial authorities to  establish ttractive  security,  legal, and  social environments through  security stability and  social acceptance, along with the presence of a legal system and    judicial institutions that   regulate and   protect market relations on the one hand, and the  relations of business owners with institutional and social formations on the other,  in a manner that ensures   integrity and    integration   with societal customs and traditions.
 
Based on this and other factors related to the  inflationary situation and its extension to the areas of    growth rates and    development, the    local currency exchange rate and    monetary stability    have been among the priorities of the monetary authority in our country over the years of  economic adaptation to the phase of the   macroeconomic transition to a market economy in light of  structural imbalances, the   inability of productive sectors to finance domestic demand due to the  disruptions of the transition phase and the internal influences related to financing foreign trade, and the  growth of the black market for currency exchange.
 
After the country witnessed  security stability, an  increase in the level of services and  sectoral growth rates, with a  clear reduction in the circles of administrative slackness  due to the  introduction of technologies and electronic payment systems, in conjunction with   measures to tighten control over border crossings, and    transfer the mechanisms of foreign currency flow   to finance foreign trade through the banking system, the   rates of the dollar mass flow outward to the local market decreased, which was reflected positively in favor of the Iraqi dinar, and   which bodes well for thelity under the conditions of economic reform,which include the liberalization of the exchange rate,does not mean a decline in the black market exchange rate in favor of the official exchange rate.
 
Rather, it means price stability in a market capable of financing aggregate demand at a point close to or identical to the official rate,with the possibility of maintaining this stability in the face of the    many variables and    transformations        witnessed by the country and the region.
 
In other words, achieving stability is conditional on the liberalization of the exchange rate, 
which favors the adoption of a managed float method,via a free market in which minor fluctuations in the exchange rate are permitted, while the monetary authorities    intervene when necessary to support price stability   in cooperation with the   executive and    legal authorities.       https://alsabaah.iq/119768-.html  

Launch Of The Samuel Campaign To Educate About Electronic Payment
 
September 01, 2025  The Central Bank of Iraq announces the launch of the "Al-Samawal" campaign,  starting September 1, 2025,  in cooperation with     banking financial institutions and     electronic payment service providers,   as part of the National Financial Inclusion Strategy (2025–2029).  

This campaign aims to  enhance financial culture,    open bank accounts free of charge for merchants and citizens,    distribute and operate point of sale (POS) devices, and    issue electronic cards,
 
which came with the  participation of more than (50) banks and (15) electronic payment companies and the  implementation of the Financial Inclusion Department at the Central Bank of Iraq and the    “Our Awareness” organization for the culture of electronic payment, and this came to  reduce reliance on cash and    stimulate digital transformation in the commercial financial sector.
 
The Central Bank's media office explained in a statement that the  campaign targets vital commercial areas in Baghdad,   such as Rashid Street, Bab al-Sharqi, Shorja, Saray Market, and Mutanabbi Street.
 
Activities will continue for an entire month,  with broad participation from banking and non-banking financial institutions.
 
The statement affirms that, through this initiative, the    Central Bank of Iraq is taking an important step in its   efforts to promote a more inclusive and digital economy, and its   commitment to its role in developing the Iraqi financial system    to enhance the desired stability.
    
 Launch Of The Samuel Campaign To Educate About Electronic Payment

 September 01, 2025   The Central Bank of Iraq announces the launch of the "Al-Samawal" campaign,   starting September 1, 2025,   in cooperation with   banking financial institutions and   electronic payment service providers,    as part of the National Financial Inclusion Strategy (2025–2029).

 This campaign aims to    enhance financial culture,    open bank accounts free of charge for merchants and citizens,    distribute and operate point of sale (POS) devices, and    issue electronic cards,

which came with the   participation of more than (50) banks and (15) electronic payment companies and the    implementation of the Financial Inclusion Department at the Central Bank of Iraq and the  “Our Awareness” organization for the culture of electronic payment, and this came to    reduce reliance on cash and    stimulate digital transformation in the commercial financial sector.

 The Central Bank's media office explained in a statement that the    campaign targets vital commercial areas in Baghdad,    such as Rashid Street, Bab al-Sharqi, Shorja, Saray Market, and Mutanabbi Street.

 Activities will continue for an entire month,   with broad participation from banking and non-banking financial institutions.

The statement affirms that, through this initiative, the   Central Bank of Iraq is taking an important step in its    efforts to promote a more inclusive and digital economy, and its   commitment to its role in developing the Iraqi financial system   to enhance the desired stability.  Central Bank of Iraq    Media Office   September 1, 2025      https://cbi.iq/news/view/2967   

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 9-2-25

Good Afternoon Dinar Recaps,

BRICS Could Worsen US Debt & Deficit Crisis, JPMorgan Reports

De-dollarization trends may deepen America’s $36 trillion debt burden as foreign financing dries up.

BRICS Dedollarization and US Fiscal Risks
JPMorgan has warned that the BRICS bloc’s push away from the U.S. dollar could exacerbate America’s growing debt and deficit crisis. With the U.S. deficit exceeding $36 trillion, reduced foreign appetite for Treasury bonds is creating a fragile outlook for U.S. borrowing costs.

According to the bank, global financing for U.S. debt is waning as BRICS accelerate dedollarization efforts. JPMorgan cautioned that this could trigger bond market disruptions “within months or even years.”

Tariffs Backfire, Strengthening BRICS Unity
The Biden administration’s 50% tariffs on India and Brazil have had unintended consequences, reinforcing BRICS solidarity rather than weakening it.

• India suspended arms purchases from the U.S.

• Brazil deepened coordination with BRICS partners.

Brazilian President Luiz Inácio Lula da Silva underscored the bloc’s anti-dollar stance:
“I do not need to continuously bow to the dollar.”

Meanwhile, China’s yuan now accounts for over 50% of its cross-border transactions, up from 25% in 2020. Globally, dollar reserves have fallen from 70% to about 58%, while DBS Bank reported a 30% surge in yuan trade settlements.

Foreign Financing of U.S. Debt Declines
JPMorgan highlighted that foreign holdings of U.S. Treasuries have fallen to just 30% of total outstanding bonds, amplifying financing pressures.

The bank wrote:
“As the US government seeks to cut taxes to offset the impact of tariffs, financing needs are rising. Yet the world is now less willing to finance America’s deficit.”

Jamie Dimon’s Bond Market Warning
JPMorgan CEO Jamie Dimon echoed concerns about America’s fiscal trajectory, warning that the U.S. is running $2 trillion annual deficits—double the pre-pandemic levels of 2019.

“It’s a big deal, you know it is a real problem, but one day… the bond markets are gonna have a tough time. I don’t know if it’s six months or six years.”

Key warning signs:

• Interest expenses now exceed U.S. defense spending and Medicare costs.

• Moody’s downgraded the U.S. credit rating, citing debt ratios far above comparable sovereigns.

Reform Solutions for a BRICS-Driven Crisis
Dimon urged Washington to adopt growth-focused reforms to mitigate the impact of dedollarization and deficits:

• Pro-business deregulation and permitting reform

• Skills development and workforce expansion

• Anti-fraud and efficiency measures in government programs

“The real focus should be growth… that’s the best way,” Dimon said, stressing that reforms need not harm the vulnerable but should reduce waste and abuse.

Why This Matters
JPMorgan warns that if BRICS de-dollarization continues, the U.S. could face a permanent erosion of its borrowing power. Rising borrowing costs and shrinking foreign support for Treasuries risk pushing America into a cycle of higher deficits, weaker trade flows, and diminished dollar dominance—outcomes with profound global consequences.

@ Newshounds News™
Source: Watcher.Guru    

~~~~~~~~~

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MilitiaMan and Crew: IQD News Update

MilitiaMan and Crew:  IQD News Update

9-2-2025

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

Follow MM on X == https://x.com/Slashn

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

https://www.youtube.com/watch?v=0ol6uKlv3EM

Seeds of Wisdom RV and Economic Updates Tuesday Morning 9-2-25

Good Morning Dinar Recaps,

What to Expect With US Crypto Policy as Congress Returns

Congress comes back into session with crypto market structure, CFTC leadership, and CBDC restrictions all on the table.

Senate Market Structure Push in September
After a month-long recess, lawmakers are returning to Washington with crypto legislation high on the agenda. Republican leaders in the Senate have signaled their priority will be advancing a bill on digital asset market structure.

In July, the House passed the Digital Asset Market Clarity (CLARITY) Act with bipartisan support, sending it to the Senate for further debate. Senator Cynthia Lummis, one of the chamber’s strongest voices for clearer regulation, expects the Senate Banking Committee to advance its version of the market structure bill by the end of September.

She predicted the measure could move through the Agriculture Committee in October and reach President Trump’s desk “before the end of the year.”

At present, neither the Banking nor Agriculture Committee has scheduled hearings.

CFTC Leadership in Flux
The Commodity Futures Trading Commission (CFTC) is also in transition. With Commissioner Kristin Johnson’s departure, Caroline Pham becomes acting chair and the sole remaining commissioner. The White House has nominated Brian Quintenz to lead the agency, but his confirmation remains uncertain.

The Senate Agriculture Committee delayed a vote on Quintenz before recess, reportedly at the White House’s request. Trump donors Cameron and Tyler Winklevoss — initially supportive of Quintenz — later urged the president to reconsider, questioning whether he would fully advance Trump’s crypto agenda.

The Senate Banking Committee is expected to review several Trump nominations this week, but the Agriculture Committee has not yet set a date for Quintenz.

House Revisits CBDC Ban Through Defense Bill
The House already passed the Anti-CBDC Surveillance State Act in July, though with minimal Democratic backing. Now lawmakers are pursuing another route: adding a CBDC ban to the National Defense Authorization Act (HR 3838).

The revised version of the defense bill would prohibit the Federal Reserve from issuing a digital dollar, echoing provisions of the Anti-CBDC Surveillance State Act.

Whether the ban will survive intact through both chambers remains uncertain, as significant amendments are still likely.

Why This Matters
Congress’ fall session could prove decisive for U.S. crypto policy. The outcomes of the CLARITY Act, the CFTC chair nomination, and the CBDC debate will shape regulatory clarity, market oversight, and the future role of digital dollars in the financial system.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Gold Demand as Global Reserve Rises Fueled by Digitization: Is Bitcoin Next?

BRICS accumulation drives gold to its highest global reserve share in decades, raising questions about whether Bitcoin could be next.

Gold’s Rise in Global Reserves
The demand for gold as a global reserve currency has surged in the past year, driven by the BRICS nations’ dedollarization push. China, Russia, and their partners have accelerated purchases, boosting gold’s share of global reserves.

By the first quarter of 2025, gold rose 3% to around 24%, marking its highest share in 30 years. In contrast, the U.S. dollar fell 2% to 42%, its lowest level since the 1990s.

Gold overtook the euro in 2024 to become the world’s second-largest reserve asset, solidifying its role as a hedge against geopolitical and monetary risks.

Digitization Bolstering Gold’s Role
A key factor behind gold’s rising relevance is digitization. Tokenized gold on blockchain networks has expanded rapidly, with $2.59 billion in market value and a $492 million daily trading volume, according to CoinGecko.

Leading products like Tether Gold (XAUT) and PAX Gold (PAXG) provide investors and institutions a new way to access gold’s stability with blockchain efficiency. This digital layer further strengthens gold’s position as a modern reserve asset.

Why Bitcoin Could Follow Gold
Bitcoin, often called digital gold, is increasingly viewed by central banks and investors as a reserve alternative. Federal Reserve Chair Jerome Powell has acknowledged Bitcoin’s role as digital gold, reflecting its growing adoption as a hedge against inflation.

Institutional adoption has accelerated, with JPMorgan recently arguing that Bitcoin remains undervalued compared to gold. The bank set a midterm target of $126,000 per BTC, predicting corporate reserves will help fuel demand.

Nation-states are also beginning to follow the U.S. lead in holding strategic Bitcoin reserves. Unlike gold, Bitcoin’s fixed scarcity and real-world utility in payments make it a compelling alternative for the future of global reserves.

Key Takeaway
Gold’s resurgence as a global reserve asset underscores the accelerating move away from the U.S. dollar. With digitization fueling its accessibility, Bitcoin could be next in line to claim a larger role in the international monetary system.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

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

UAE’s RAK Properties to Accept Bitcoin and Other Cryptos for Real Estate Deals

The UAE strengthens its role as a global crypto hub as real estate giant RAK Properties opens the door to digital asset payments.

RAK Properties Embraces Crypto
RAK Properties, one of the largest publicly traded real estate companies in the Ras Al Khaimah emirate, announced it will now accept cryptocurrency payments for international property transactions.

The firm will support Bitcoin (BTC), Ether (ETH), Tether’s USDt (USDT), and other digital assets. Payments will be processed by Hubpay, a regional global payments platform that converts crypto into UAE dirhams before settlement.

“By enabling and supporting the use of digital assets, we are engaging with a new ecosystem of digitally and investment savvy customers,” said Rahul Jogani, Chief Financial Officer of RAK Properties.

Expanding Portfolio and Growth
RAK Properties, listed on the Abu Dhabi Securities Exchange since 2005, has a market capitalization of 4.7 billion dirhams ($1.3 billion). The developer is expanding aggressively in 2025 with 12 new projects underway.

In 2024, the company posted a 39% year-over-year net profit increase, reaching 281 million dirhams compared to 202 million dirhams the year prior.

UAE’s Crypto-Friendly Environment
The United Arab Emirates has become a global hotspot for crypto adoption thanks to clear regulations and a tax-free framework for digital asset profits.

Crypto adoption is accelerating across the country:

• Chainalysis data shows small retail crypto transactions in the UAE grew by over 75% year-over-year as of mid-2024.

• DeFi Technologies board member Chase Ergen predicts crypto could become the UAE’s second-largest sector within five years.

With its business-friendly policies and growing Web3 ecosystem, the UAE is positioning itself as a global hub for digital asset innovation and investment.

Key Takeaway
By accepting crypto for property deals, RAK Properties is tapping into a growing base of international investors while reinforcing the UAE’s leadership in digital asset adoption.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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“Tidbits From TNT” Tuesday Morning 9-2-25

TNT:

Tishwash:  US warning: The Federal Reserve is considering cutting off the dollar to Iraq!

Exclusive sources revealed to Al-Mustaqilla on Monday that the US Federal Reserve is studying imposing economic sanctions on Iraq, which could include cutting off the dollar from the country, if what it described as "the smuggling of hard currency to Iran" continues.

Sources confirmed that US warnings were communicated to the Iraqi government and central bank some time ago, demanding an end to dollar smuggling. However, according to the sources, "the government has not yet taken any practical steps to comply with US directives, and smuggling has continued unabated."

Sources indicate that previous meetings were held between Iraqi officials and American parties, where the danger posed by continued currency smuggling to the Iraqi economy was highlighted. However, "the issue has not been resolved, and no signals of compliance have been sent by the current government."

Economic analysts view these developments as a direct blow to the government and the Central Bank of Iraq, warning that continued smuggling could lead to a major economic crisis, weaken the country's ability to secure basic needs in hard currency, and increase pressure on the dollar price in the local market. 

The question now arises: Will the Iraqi government take urgent action before US threats turn into actual sanctions that cut off Iraq's dollar lifeline, or will the smuggling issue continue to fuel the country's economic crisis?  link

***********

Tishwash:  Oman welcomes Al-Sudani... What's behind the meeting? 

 Iraqi Prime Minister Mohammed Shia al-Sudani is preparing for an official visit to the Sultanate of Oman tomorrow, Wednesday, in a move described by some as "regular diplomacy," while others see it as an attempt to rearrange the political and economic cards in the region.

According to the Oman News Agency, which Al-Mustaqilla monitored, Al-Sudani will hold official talks with Sultan Haitham bin Tariq, accompanied by an official delegation including senior Iraqi government officials. However, the question that arises is: Is this visit limited to strengthening bilateral relations, or are there ulterior motives related to sensitive economic and political issues?

Observers point out that Iraq faces major challenges regarding the economy and the stability of the local currency, in addition to international pressures related to investments and energy. This visit may be an opportunity for Al-Sudani to secure Omani support or open new doors for Gulf investments, especially in light of the regional tensions plaguing the region.

From a political perspective, some analysts believe this visit comes at a critical time ahead of Iraq's upcoming elections. This could raise questions about whether Baghdad is seeking to bolster its domestic image or whether it is simply an attempt to showcase diplomatic achievements ahead of the elections.

Ultimately, Al-Sudani's visit to Oman carries numerous political and economic dimensions, and the coming days may reveal the real issues being discussed by Iraqi and Omani officials, and whether this visit will be merely a diplomatic protocol, or whether it will impact the course of Iraqi politics and the economy in the coming months.  link

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

Tishwash:  Kurdistan announces the start of distributing June salaries  Tuesday.

The Ministry of Finance and Economy of the Kurdistan Regional Government announced that the distribution of June salaries will begin tomorrow, Tuesday (September 2, 2025), and will end on Thursday.

A statement from the Ministry of Finance, received by Al-Eqtisad News, stated that "after the funds arrive from Baghdad, the process of disbursing employees' salaries will continue for three days."

The June salary disbursement comes after a delay of more than 80 days, amidst significant hardship for employees and other sectors, and a near-total paralysis of markets in the region's cities.  link

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

Tishwash:  Oliver Wyman...and the guillotine of laws

 Iraq witnessed a radical transformation after 2003, requiring a comprehensive restructuring of its legislative and economic systems in line with the principles of a market economy and a modern state.

With the beginning of the change phase, specifically since 2006, a committee was formed to review the laws, which was metaphorically called the “Guillotine of Laws,” with foreign support and guidance. It included seasoned experts in legal reform, politics, and economics. Its mission was to review and refine the existing laws and legislation dating back to the previous era, and to abolish and amend anything that conflicted with the regime’s philosophy.

Although the committee was able to cancel hundreds of laws and legislation, it failed in some laws.

As I watch and follow, within my interest and specialization in economic and banking affairs, what the international company Oliver Wyman is doing today to correct the declining performance of banks and laws came to my mind, just to compare the mission of the previous Laws Guillotine Committee and the Oliver Wyman Company, not to compare, but to discover the connection between the different missions in two different times.

Now let us examine the tasks that Oliver Wyman carries out through a reform document to advance the Iraqi banking reality, as it is considered a banking guillotine that works to correct and refine errors in banking operations and rectify their paths in accordance with what is practiced in developed countries.

As usual, this reform document was met with objections from the banks, as it conflicted with their capabilities and potential to implement its provisions.

The Association of Banks has made exceptional efforts, in cooperation with the Central Bank of Iraq, to ​​meet the banks' requirements and overcome the difficulties they face. The desired results were achieved by reconsidering the contested paragraphs and extending the implementation periods, particularly regarding the issue of increasing capital.

So far, the results seem good and give hope for facilitating the implementation process by banks.

As someone interested in banking as an important sector of the economy, and out of ethical and professional responsibility, I must pursue the results to the end.

In this context, I had a conversation with a seasoned, knowledgeable expert who was close to the event, so I took the initiative to ask him:

How do you view this document? And what is your assessment of its future results?

He replied, "We agree on the importance of the Central Bank, the Association, and the government working to achieve economic reform. Hence, the importance of the document in promoting our banks to keep pace with changes."

As for my assessment of the results, I record my reservations about the fact that what was achieved was limited to reducing its concerns to the challenge of the paragraph on raising capital and time periods only. However, it did not delve into the rest of the paragraphs of the document, which include difficulties that are no less important than raising capital and time periods, and may even be more serious.

This requires re-reading the remaining paragraphs of the document with the help of legal, economic, and financial experts to determine whether the banks are capable of implementing the agreement.

Therefore, I advise you to be careful when signing the contract to know the banks’ capabilities and potential to provide the other requirements and implement them easily and smoothly so that the losses are not doubled.

This expert opinion or warning is important because the decision to implement the document and its amendments is binding and final. 

 I feel a sense of professional and ethical commitment and concern for my country and its economy, which requires me to be vigilant and evaluate reform paths whenever necessary. ink

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

Mot:  Ya Knows that ~~~~~

Mot: ole ""Mot"" Sharing More insight on that ""Diet Thingy"" 

Iraq Economic News and Points To Ponder Monday Afternoon 9-1-25

Iraq Economic News and Points To Ponder Monday Afternoon 9-1-25

Trade: Iraq's Accession To The World Trade Organization (WTO) Is Proceeding Steadily And Carefully.

Economy | 11:10 - 01/09/2025  Mawazine News - Baghdad -  The Ministry of Trade announced on Monday that Iraq's accession to the World Trade Organization (WTO) is proceeding steadily and carefully. While indicating the completion of seven major files, it confirmed the preparation of accurate answers to 175 questions related to Iraq's accession to the organization.

The ministry's spokesman, Mohammed Hanoun, said in a statement to the official agency, followed by Mawazine News, that "the current government's efforts to secure Iraq's accession to the World Trade Organization (WTO) have surpassed all previous measures combined," noting that "Iraq resumed the accession process after a long hiatus, as the third meeting of the working group concerned with accession was held in July 2024, during which updated documents related to the Iraqi trade system were submitted."

He added that "Iraq has completed all the technical files required to join the WTO after a negotiation process that extended for more than twenty years during which Iraq faced many challenges and delays," noting that "this achievement was achieved during the term of the current government through intensive qualitative efforts that exceeded what was achieved in the previous stages combined, and that Iraq is now in an advanced position paving the way for the completion of the requirements for full membership."

Hanoun explained that "the national team concerned with accession, in coordination with the relevant ministries and sectoral bodies and in partnership with international institutions, has completed the review and update of all technical files, which included the foreign trade system memorandum, the legislative implementation plan, agricultural support schedules, the import licenses and customs valuation file, the sanitary and phytosanitary (SPS) files, and technical barriers to trade (TBT)."

He continued: "The team prepared accurate answers to (175) questions and inquiries submitted by the member states of the organization, while the Iraqi customs system was updated to the latest version in line with international standards and enhances Iraq's readiness for the next stages," indicating that "the files will be officially submitted to the WTO Secretariat through diplomatic channels in preparation for the next meeting of the working group."

Hanoun explained that "what has been achieved is the result of the government's great support and continuous coordination with all ministries and national institutions, as well as the efforts of the Department of Foreign Economic Relations in leading this strategic path to strengthen Iraq's position in the global trading system, serve its national economy, and achieve sustainable development."

He pointed out that "over the past months, the ministry has held workshops and training programs to develop national cadres involved in negotiating and managing the file, with the participation of the Council of Representatives and the private sector. Technical meetings have also resumed to complete the discussion of agendas related to trade in goods and services."

Hanoun emphasized that "accession to the World Trade Organization represents a strategic step towards integrating the Iraqi economy into the international trading system, attracting investments, and improving the competitiveness of national exports."

He pointed out that "the accession process is subject to multilateral international negotiation procedures and varies from one country to another according to the completion of legislation and reforms. However, Iraq is committed to accelerating this process to achieve the national interest and preserve the sovereignty of economic decision-making."

https://www.mawazin.net/Details.aspx?jimare=266046

Oil Prices Decline Slightly Amid Anticipation Of The OPEC+ Meeting.

Economy | 09:02 - 01/09/2025   Mawazine News - Follow-up  Crude oil prices are trading in a narrow range during trading on Monday. With the opening of Asian markets, the price of the benchmark Brent crude fell 22 cents to reach $67.36
per barrel. Meanwhile, the price of US West Texas Intermediate crude fell 23 cents to reach $63.88 per barrel.

Prices are currently affected by opposing major factors. On the one hand, prices are pressured by the possibility of increased supply by the OPEC+ alliance, which may decide to pump more oil at its meeting next week.

On the other hand, oil is receiving support from the escalating conflict between Ukraine and Russia, and Ukraine’s targeting of Russian oil facilities.

Adding to the pressure on prices are economic data released today from China, which showed a contraction in industrial sector activity for the fifth consecutive month.

Ukrainian President Volodymyr Zelenskyy threatened on Sunday to retaliate by carrying out further strikes inside Russia, following Russian drone attacks targeting energy facilities in northern and southern Ukraine. In recent weeks, the two countries have intensified their airstrikes, focusing on energy infrastructure and attempting to disrupt Russian oil exports.

Markets remain concerned about Russian crude flows, with weekly shipments from ports falling to a four-week low of 2.72 million barrels per day, according to tanker tracking data cited by ANZ analysts in a note.   https://www.mawazin.net/Details.aspx?jimare=266035

The Dollar Price Fell In Baghdad.

Stock Exchange  The US dollar exchange rate fell against the Iraqi dinar in Baghdad and Erbil at the close of the stock exchange on Monday.

Baghdad:  Selling price: 143,500 dinars for $100.   Buying price: 141,500 dinars for $100.

Erbil:  Selling price: 142,250 dinars for $100.   Buying price: 142,100 dinars for $100.
https://economy-news.net/content.php?id=59506

Gold At Its Highest Level In More Than Four Months

Monday, September 1, 2025 | Economic Number of reads: 167  Baghdad/ NINA / Gold prices rose significantly on Monday, reaching their highest level in more than four months, supported by growing bets on a US interest rate cut this month, which enhanced the attractiveness of the precious metal.

By 02:38 GMT, spot gold rose 0.7% to $3,470.69 per ounce, its highest level since April 23, while US futures for December delivery rose 0.8% to $3,543.70.

Silver also advanced 1.6% to $40.31 an ounce for the first time, its highest level since September 2011.

Among other precious metals, platinum rose 0.9% to $1,376.95 an ounce, while palladium rose 0.8% to $1,118.12 an ounce. / End   https://ninanews.com/Website/News/Details?key=1249443

$40 Billion In Iraqi Bank Sales In Six Months

Banks  Economy News – Baghdad  The Central Bank of Iraq revealed on Monday its foreign currency sales, which amounted to more than $40 billion during the first half of this year.

According to the bank's latest statistics, "hard currency sales during the first six months of 2025 amounted to $40 billion and 904 million."

The statistics showed that sales were divided between external transfers amounting to $39.517 billion and cash sales amounting to $1.387 billion.

She pointed out that these sales during the first six months of the current year, amounting to $40 billion and 904 million, increased by 17% compared to the same period last year, which amounted to $34 billion and 735 million.   https://economy-news.net/content.php?id=59499

The Ministry Of Planning And The World Bank Discuss Mechanisms For Women's Economic Empowerment In Iraq

Monday, September 1, 2025, | Economic Number of readings: 100  Baghdad / NINA / The Ministry of Planning announced, on Monday, the launch of the joint workshop between the Iraqi government and the World Bank Group, to discuss mechanisms for women's economic empowerment based on the first outcome of the third National Strategy for Poverty Reduction (2026-2030), which is scheduled to be launched soon.

The Director General of the Executive Management of the Poverty Reduction Strategy, Mu'ayyad Ismail Hussein, said, according to a statement by the ministry, that "the three-day workshop will address the efforts made by government agencies in the field of women's economic empowerment, especially poor women, by enhancing their participation in the labor market and discussing targeted policies in this field," stressing the Ministry of Planning's continued coordination of efforts with relevant authorities within the strategic activities.

For her part, Yusra Al-Alaq, Director General of the National Department for Iraqi Women at the General Secretariat of the Council of Ministers, reviewed the department's vision and procedures to enhance women's economic empowerment.

The workshop was attended by representatives from the Ministry of Finance, the General Authority for Statistics, and the Geographic Information Systems at the Ministry of Planning, along with experts from the World Bank Group./End   https://ninanews.com/Website/News/Details?key=1249538

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

100% Loan Losses Loom as Fed Shrinks Balance Sheet- Banks on the Brink

100% Loan Losses Loom as Fed Shrinks Balance Sheet- Banks on the Brink

Daniela Cambone:  9-1-2025

"The Fed playing God with the US economy and trying things they weren’t sure would work," says Chris Whalen, chairman of Whelan Global Advisors.

In today’s interview with Daniela Cambone, Whalen criticizes the Fed’s unconventional monetary policies—particularly the low interest rates and quantitative easing implemented during COVID. Now, the Fed is reversing some of that policy, shrinking its balance sheet and reducing liquidity in the system.

Chris warns that the Fed is again experimenting with high-stakes economic levers, creating uncertainty in money markets and increasing the potential for stress in banks and the financial system.

"We’re seeing 100% loss on those [commercial real estate (CRE) and apartment building] loans when they default," he adds

As for protecting investors, he stresses caution and opportunism: "Look for stability and income—treasuries, preferred stocks, reliable dividend payers. Gold must be a core part of your holdings."

https://www.youtube.com/watch?v=Iq-lJXHy4Fk

Iraq Economic News and Points To Ponder Monday Morning 9-1-25

The Minister Of Finance Affirms The Continuation Of The Partnership With The World Bank To Support The Government's Financial Reform Priorities.

Sunday, August 31, 2025 | Economic Number of reads: 352   Baghdad / NINA / Minister of Finance, Taif Sami, affirmed today, Sunday, the continuation of the partnership with the World Bank to support the government's priorities in financial reform.

A statement by the ministry said, "Minister of Finance Taif Sami received the Director of the World Bank Office in Iraq, the Middle East and North Africa, Emmanuel Salinas, and discussed with him existing areas of cooperation and discussed programs and projects supported by the World Bank, especially those related to economic reform plans and the development of public spending systems."

The Director of the World Bank Office expressed "the mission's commitment to continue providing technical and advisory support to enhance the Iraqi government's efforts to achieve economic stability and sustainable development."   https://ninanews.com/Website/News/Details?key=1249312

The Dollar Continues To Rise...The Note Is Worth 143,750 Dinars.

08/31/2025   Mawazine News - Baghdad - The dollar exchange rate witnessed a significant increase against the Iraqi dinar in local markets on Sunday. The selling price reached 143,750 dinars for $100, while the buying price reached 141,750 dinars for $100.   https://www.mawazin.net/Details.aspx?jimare=265991

Washington Announces The Progress Of The Coalition's Withdrawal In Accordance With The Agreement, While The State Of Law Coalition Expresses Doubts.

August 31, 2025   Baghdad - Qusay Munther  The State of Law Coalition, headed by Nouri al-Maliki, cast doubt on the existence of a US troop withdrawal from Iraq. Coalition member Hussein al-Maliki said in a statement yesterday that "the US forces had no intention of withdrawing from Iraq, and the military movements taking place are merely a repositioning and transfer of soldiers between bases."

He added that "the Americans have only worked to change some sensitive military sites at Ain al-Assad base and some other bases, and the goal is not to withdraw, as some are trying to promote," he said.

Reset

For its part, the US Embassy in Baghdad confirmed that the process of re-adjusting the presence of international coalition forces in Iraq is proceeding in accordance with the agreements signed with the federal government, noting that the military arrangements aim to gradually transition to a bilateral security partnership, while continuing to support operations against ISIS elements.

The embassy spokesperson said in a statement yesterday that “the circulating reports about the complete evacuation of US forces from Baghdad are false,” stressing that “work is proceeding according to the established timetable.”

 He added that “the international coalition against ISIS in Iraq has set a timetable for the completion of its military mission, and that its mission in Operation Inherent Resolve is currently continuing according to the specified timeframe for the process of transferring forces and ending military operations in Iraq.”

He continued, “What was stated in the joint statement shows that it is related to a strategic shift in the mission of coalition forces in Iraq, as the role is shifting from a military mission to a natural and bilateral security partnership.”

For his part, a Pentagon official confirmed that the recalibration of the US military presence in Iraq is proceeding according to the agreed-upon plan, as the United States aims to complete the coalition mission, while continuing to support operations against ISIS from bases in Iraq to Syria until 2026, and then gradually moving towards a bilateral security partnership. Social media circulated yesterday news of the withdrawal of US forces from Baghdad.

Sources explained yesterday that "US forces will withdraw from the heavily fortified Green Zone, which includes Western diplomatic centers and official headquarters, as well as Baghdad Airport and the headquarters of the Joint Operations Command."

The Iraqi government has repeatedly confirmed that the first phase of the withdrawal of US forces operating within the international coalition fighting ISIS will conclude this year, with the second phase set to conclude next year.

Labour Party

Meanwhile, the Turkish Parliament has given the parliamentary committee tasked with establishing the ground rules for the peace process with the Kurdistan Workers' Party (PKK), which had previously announced its dissolution and disarmament after decades of conflict with Ankara, until the end of the year.

The party announced its dissolution last May, after decades of insurgency that resulted in the deaths of at least 50,000 people, according to the Turkish president. The decision to dissolve the party came in response to a call from its leader, Abdullah Ocalan, who has been imprisoned in Turkey since 1999.

The parliamentary committee overseeing the peace process convened for the first time on August 5, chaired by Parliament Speaker Numan Kurtulmuş.

Kurtulmuş announced the day before yesterday that "the committee will continue its work until the end of this year," adding that "the decision we made when establishing the committee was for it to complete its work by December 31st," noting that "the deadline can be extended for two additional months if necessary."

The committee will also determine the fate of the party's leader, who is serving a life sentence in solitary confinement on Imrali Island.

In a statement on Friday, the so-called Imrali delegation said it had held a three-hour meeting with Ocalan in prison about the ongoing process, adding that “a democratic society, peace, and integration are the basic concepts behind this process, and that results can be achieved on their basis.” LINK

A Significant Decline In Iraqi Oil Exports To The US During The Week

Energy  Economy News – Baghdad  The US Energy Information Administration announced on Sunday that Iraqi oil exports to the United States fell by more than half last week.

The administration said in statistics reviewed by Al-Eqtisad News that "the average US crude oil imports during the past week from 10 major countries reached 5.690 million barrels per day, an increase of 250,000 barrels per day compared to the previous week, which reached 5.440 million barrels per day."

She added, "Iraq's oil exports to the United States averaged 162,000 barrels per day, down 166,000 barrels per day from the previous week's average of 328,000 barrels per day."

The administration also noted that "the largest US oil revenues during the past week came from Canada, at a rate of 3.852 million barrels per day, followed by Mexico, at a rate of 437,000 barrels per day, Brazil, at a rate of 343,000 barrels, and Libya, at a rate of 280,000 barrels per day."

According to the table, "US crude oil imports from Saudi Arabia averaged 268,000 barrels per day, from Colombia 137,000 barrels per day, from Nigeria 93,000 barrels per day, from Venezuela 74,000 barrels per day, and from Ecuador 44,000 barrels per day." https://economy-news.net/content.php?id=59446

Expert: No Fear Of Oil Prices Falling To $50

Economy | 08/31/2025  Mawazine News – Baghdad  Economic expert Hamza Al-Jawahiri confirmed on Sunday that the current fluctuations in oil prices are normal and do not raise any concerns, noting that OPEC is closely monitoring developments in the global market and taking appropriate decisions to maintain price stability.

Al-Jawahiri said, "OPEC's policy is based on addressing any imbalance in global markets that may lead to a drop in oil prices, through well-studied mechanisms that ensure a balance between supply and demand," noting that "the current fluctuations do not pose a threat to the oil market."

He added, "Current indicators do not indicate a future risk of oil prices falling to $50 per barrel," stressing that "OPEC is capable of intervening at the appropriate time to control the market and prevent any price collapse."

The global oil market is witnessing significant fluctuations due to economic and geopolitical factors, amid close monitoring by producing countries to ensure oil stability. https://www.mawazin.net/Details.aspx?jimare=266024

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