Seeds of Wisdom RV and Economics Updates Sunday Afternoon 9-21-25

Good Afternoon Dinar Recaps,

BRICS NEWS: Egypt and Belarus to Launch Electronic Trading Bridge in Local Currencies

BRICS expands its de-dollarization strategy as Egypt and Belarus move toward local currency settlements.

A New Trade Corridor in Local Currencies
BRICS member Egypt and BRICS Partner Country Belarus have agreed to create an electronic trading bridge that will allow bilateral trade to be conducted in local currencies rather than U.S. dollars. The initiative was announced during the Belarusian-Egyptian Business Forum, with the Belarusian Universal Commodity Exchange (BUCX) leading the discussions.

While Egypt holds full BRICS membership, Belarus became a Partner Country in 2023 as part of the bloc’s strategy to expand its influence and deepen trade opportunities for emerging economies.

Goods and Market Access Identified

• Belarus exports: dairy supply products, feed additives, swan timber.

• Egypt exports: fruit puree, juice concentrates, polymer products, and agricultural seeds.

• Both sides will also share analytics and open broader market access.

Once the bridge goes live, trade between the two countries will be settled in Egyptian pounds and Belarusian rubles, bypassing the U.S. dollar entirely.

The Larger BRICS De-Dollarization Push
This initiative is part of a wider BRICS strategy to increase trade settlement in local currencies—a key step toward reducing dependence on the U.S. dollar. By boosting the role of local currencies, BRICS economies aim to:

• Enhance GDP growth by stabilizing trade costs.

• Strengthen monetary sovereignty, giving nations more freedom in negotiations.

• Promote South-South cooperation, empowering Global South and emerging economies.

Already, countries across Asia, South America, Africa, and Eastern Europe are studying BRICS’ model of local-currency trade as a shield against financial vulnerability.

Why This Matters
The creation of a digital trading bridge between Egypt and Belarus is more than a bilateral deal—it is a symbol of how BRICS and its partners are building alternatives to the dollar-led system.

If replicated widely, such agreements could erode the global dominance of the U.S. dollar and give emerging economies unprecedented leverage in shaping the world economy over the next decade.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive 
Source:  Watcher Guru

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BRICS Currency Strategy: Yuan Globalization & Digital Ruble Challenge U.S. Dollar Power

China pushes the yuan global with CIPS, while Russia arms itself with a digital ruble — two fronts in the fight against dollar dominance

A Two-Front Strategy Against the Dollar
The BRICS alliance is advancing a currency strategy that takes aim at the U.S. dollar’s dominance. China and Russia are at the forefront, each deploying different but complementary tools:

• China is accelerating the yuan’s internationalization through the Cross-Border Interbank Payment System (CIPS).

• Russia is preparing to launch a digital ruble, designed for fiscal traceability at home and sanctions-resistant trade abroad.

Together, these initiatives represent a dual assault on dollar supremacy, combining both global trade architecture and sovereign digital currency power.

China’s Yuan: Going Global Through CIPS
Beijing’s CIPS system, now connected with banks across Asia, Africa, and the Middle East, enables real-time settlements in yuan — sidestepping the politicization of SWIFT.

Pan Gongsheng, governor of the People’s Bank of China, explained the strategy:

“Traditional cross-border payment infrastructure is prone to being politicized and weaponized as a unilateral sanction tool, undermining the international financial order.”

Trump’s aggressive tariffs and U.S. reliance on sanctions have only amplified this shift, making the yuan more attractive as a hedge against dollar volatility.

Russia’s Digital Ruble: Traceability & Sanctions Resistance
While China focuses on global adoption, Moscow is reinforcing state control at home and resilience abroad. Finance Minister Anton Siluanov has declared the digital ruble “strong and reliable,” independent of commercial banks.

• Launch is scheduled for 2026.

• Early salary payments and thousands of transactions have already been processed.

• The ruble is being tested as a settlement corridor with the UAE, directly bypassing U.S. sanctions.

Siluanov emphasized its fiscal benefits:

“We believe it is of particular interest for the budgetary process: traceability and control will be ensured at a high level.”

This makes the digital ruble both a domestic control tool and an international weapon against dollar restrictions.

Toward a Multipolar Currency Order
By combining yuan globalization with a digital ruble, BRICS is steadily building an alternative financial order. For emerging economies, this offers both participation in a new payment network and protection from U.S. financial leverage.

The result is a multipolar currency landscape, where the U.S. dollar no longer enjoys uncontested dominance.

Why This Matters
China and Russia are leading parallel yet connected experiments in currency power — one through global reach, the other through domestic digital control and sanctions evasion. Together, they form a powerful front within BRICS’ strategy to erode U.S. monetary dominance.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive
Sources: Watcher.Guru, Bitcoin.com

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“Tidbits From TNT” Sunday 9-21-2025

TNT:

Tishwash:  North Oil: We expect to resume Kurdistan Region oil exports within 48 hours.

 The director of the North Oil Company, Amer Khalil, expected on Saturday that the Kurdistan Region's oil exports would resume within the next 48 hours.

The director of the North Oil Company said in an interview monitored by ( IQ ), "The Iraqi government has shown flexibility in meeting the demands of the oil companies, noting that the two sides have reached a large agreement, "95 %."

He explained that "the oil companies have requested guarantees to obtain their rights and dues, and the federal government has agreed to this and will provide the necessary guarantees ."

In this context, Kurdistan Regional Government Prime Minister Masrour Barzani announced today that there is an "imminent understanding and agreement" between oil production companies in the Kurdistan Region and the federal government     link

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Tishwash:  Al-Sudani: Iraq is in the eye of the storm

Prime Minister Mohammed Shia al-Sudani warned on Saturday that regional and international security, political, and environmental challenges "have placed Iraq at the eye of the storm." He also highlighted Iraq's ambition to become a gateway for 20 percent of Asian trade to Europe through the Development Road project.

In a speech during the launch ceremony of Iraq's Vision 2050, Al-Sudani said, "Today we stand before a major national moment that embodies the state's will to restore its standing in the region and the world. Countries and their leaders must launch creative ideas to defuse crises and disasters." 

Al-Sudani added, "Regional and international security, political, and environmental challenges have placed Iraq at the center of the storm, and national responsibility requires openness and frankness that these challenges target the stability of the state." 

Al-Sudani continued, "Climate and environmental disasters have begun to undermine the foundations of water and food security in countries, and it is imperative that countries, including Iraq, take steps to mitigate the crisis if it occurs."

The Prime Minister noted that "the initiative to formulate the initial concepts for Iraq's Vision 2050 began in 2023," stating that "our goal is to reduce dependence on oil and achieve sustainable growth." 

The Prime Minister affirmed, "We signed the consultancy contract between the Ministry of Planning and KBR in accordance with Iraq's Vision 2050. For the first time in the history of the Iraqi state, the government took the initiative by launching the executive policy document for strategic governance." 

He emphasized that "the general direction of Iraq's Vision 2050 is to ensure that it covers comprehensive and promising sectors, and we look forward to Iraq being free of oil revenues in the coming decades  link

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Tishwash:  Iraq's first industrial-scale solar plant opens to tackle electricity crisis

Iraq is opening its first industrial-scale solar plant in Karbala province

Iraq is set to open the country’s first industrial-scale solar plant Sunday in a vast expanse of desert in Karbala province, southwest of Baghdad.

It’s part of a new push by the government to expand renewable energy production in a country that is frequently beset by electricity crises despite being rich in oil and gas.

“This is the first project of its type in Iraq that has this capacity,” said Safaa Hussein, executive director of the new solar plant in Karbala, standing in front of row after row of black panels. From above, the project looks like a black-clad city surrounded by sand.

The plant aims to “supply the national network with electricity, and reduce the fuel consumption especially during the daytime peak load, in addition to reducing the negative environmental impact of gas emissions,” he said.

The newly opened solar plant in Karbala will eventually be able to produce up to 300 megawatts of electricity at its peak, said Nasser Karim al-Sudani, head of the national team for solar energy projects in the Prime Minister’s Office. Another project under construction in Babil province will have a capacity of 225 megawatts, and work will also begin soon on a 1,000 megawatt project in the southern province of Basra, he said.

The projects are part of an ambitious plan to implement large-scale solar power projects in an effort to ease the country’s chronic electricity shortages.

Deputy Minister of Electricity Adel Karim said Iraq has solar projects with a combined capacity of 12,500 megawatts either being implemented, in the approval process, or under negotiation. If fully realized, these projects would supply between 15% and 20% of Iraq’s total electricity demand, excluding the semi-autonomous northern Kurdish region, he said.

“All the companies we have contracted with, or are still negotiating with, will sell us electricity at very attractive prices, and we will in turn sell it to consumers,” Karim said, although he declined to disclose the purchase rates

Despite its oil and gas wealth, Iraq has suffered from decades of electricity shortages because of war, corruption and mismanagement. Power outages are common, especially in the scorching summer months. Many Iraqis have to rely on diesel generators or suffer through temperatures that exceed 50 degrees Celsius (122 degrees Fahrenheit) without air conditioning.

Currently, Iraq produces between 27,000 and 28,000 megawatts of electricity, Karim said, while nationwide consumption ranges from 50,000 to 55,000 megawatts. Power plants fueled by Iranian gas contribute about 8,000 megawatts of the current supply.

Iraq’s heavy reliance on imported Iranian gas, as well as electricity imported directly from Iran to meet its electricity needs, is an arrangement that risks running afoul of U.S. sanctions.

Earlier this year, Washington ended a sanctions waiver for direct electricity purchases from Iran but left the waiver for gas imports in place.  link   

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Mot:  Yah!!! -- ole ""Earl"" is Winning!!!! 

Mot:  .... Ode to ""The Senility Prayer""

Iraq Economic News and Points To Ponder Sunday Morning 9-21-25

An Iraqi Plan To Reduce Taxes On Foreign Oil Companies...A Search For An Attractive Investment Environment
 
Baghdad Today – Baghdad   economic network revealed The IGBEA on Tuesday (September 16, 2025) that  there is an Iraqi plan aimed at  reducing taxes imposed on  foreign oil companies operating in the country, as part of a broader effort to encourage investment and remove obstacles to the entry of international companies.

The network reported, as translated by Baghdad Today, that  this step is in line with the recommendations of the   Arab Higher Council for Tax Reform, affiliated with the  Arab Monetary Fund. 

She pointed out that high taxes in Iraq over the past years have "scared many companies"  from entering the Iraqi oil market.The report added that the Iraqi plan will take into account the tax reforms approved by the  Arab Council for Foreign Companies,  confirming, quoting an Iraqi official, that "the tax situation in Iraq is currently  complex and  requires a comprehensive review,"  to ensure oil investment attracted and enhance the country's competitiveness in global markets.
 
Over the past few years, Iraq has faced criticism  from international institutions calling for  financial and tax reforms to create a more transparent and  stable investment climate. 

This explains why  the current plan is linked to the recommendations of the Arab Supreme Council for Tax Reform and the Arab Monetary Fund.
 
The tax reduction is expected to help attract more international oil companies,  ensuring continued investment flows into Iraq's energy sector, which needs to develop its infrastructure and expand its production capacity  to keep pace with global demand for oil.       https://baghdadtoday.news/283302-.html  

Government Advisor: The Digital Sector Is A Driver Of Development And An Engine Of Economic Diversification.
 
Saleh, emphasized that the digital sector represents the most powerful engine for  generating job opportunities for young people,  achieving sustainable development, and  rapidly diversifying the national economy. 

 Saleh stressed to Al Furat News Agency that "establishing national digital platforms to support  entrepreneurs and  small and medium-sized enterprises  represents an important employment engine," emphasizing that the digital economy is a true lever for economic diversification,  given its superior ability to transcend    geographical borders and  traditional structures, and  to connect Iraq,   which is rapidly accelerating,  with the global economic system.

 Saleh pointed out that this transformation requires  high-level institutional coordination between various government sectors,  based on strategic investments in  human infrastructure and   modern technology.

 He explained that this step requires the development of  comprehensive and sustainable development plans   to build the "economy of the future."  

He emphasized that the matter goes beyond being a mere economic process,  becoming a strategic shift in the course of the  state and society, and  an "irreversible project" within the efforts  to diversify the national economy.      
https://alforatnews.iq/news/مستشار-حكومي-القطاع-الرقمي-قاطرة-التنمية-ومحرك-التنوع-الاقتصادي   

US Treasury: Iraq Is Not Among The Top 20 Countries With The Largest Bond Holdings.
 
Saturday, September 20, 2025, | Economic   Number of readings: 225  Baghdad/ NINA / The US Treasury Department announced that  Iraq is not among the 20 countries with the largest holdings of US bonds,  while two Arab countries are among the largest.
 
The Treasury stated in its latest table from September:
 
"Iraq has not been included among the top twenty holders of US bonds, as its holdings have declined    from $40.8 billion in 2023    to less than $30 billion in 2024." 

She added,  "Both Saudi Arabia and the UAE were among the 20 countries holding the largest amount of US bonds, with $131.7 billion and $107.8 billion, respectively." 

She pointed out that  "the countries with the largest holdings of bonds were Japan, with $1.151 trillion, followed by the United Kingdom, which holds $899 billion, followed by China, with $730 billion, the Cayman Islands, with $438 billion, and Belgium, with $428 billion."
 
In August 2023, the US Treasury announced that Iraq had dropped one place among the largest foreign holders of US bonds. 

The Treasury said at the time:  "Iraq dropped one rank despite increasing its holdings of US Treasury bonds for the month of June by $300 million,reaching 37th place among the 38 countries listed in the table with the largest holdings of US Treasury bonds," indicating that "Peru increased its holdings of bonds to occupy 36th place instead of Iraq." 

She added,  "Iraq's holdings of these bonds reached $33 billion in June, a 0.92% increase from last May,
when Iraq's holdings of bonds reached $32.7 billion. However, they increased by 3.12% from June 2022." 

The Treasury noted that "Iraq came in fourth place as the Arab country after Saudi Arabia, the UAE and Kuwait, while Japan came in first place as the country with the largest holdings of these bonds,   at $1.105 trillion, followed by China in second place with $835 billion, the United Kingdom in third place with $672 billion, Belgium in fourth place with $332 billion, and Luxembourg in fifth place with $331 billion."  /End 7   https://ninanews.com/Website/News/Details?key=1252840   

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

MilitiaMan and Crew: IQD News Update-Digital Money is the Future

MilitiaMan and Crew:  IQD News Update-Digital Money is the Future

9-20-2025

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=iIDSrcjX5Yg

Iraq Economic News and Points To Ponder Saturday Afternoon 9-20-25

Regarding Its Bond Holdings, The US Treasury: Iraq Is Not Among The 20 Most Vulnerable Countries.

Economy | 03:53 - 09/20/2025  Mawazine News - Follow-up
The US Treasury Department announced that Iraq is not among the 20 countries with the largest holdings of US bonds, while two Arab countries are among the largest.

The Treasury said in its latest table from September: "Iraq did not enter the top 20 largest holders of US bonds, as its holdings declined from $40.8 billion in 2023 to less than $30 billion in 2024."

It added that "Saudi Arabia and the UAE were among the 20 countries with the largest holdings of US bonds, with $131.7 billion and $107.8 billion, respectively."

It indicated that "the countries with the largest holdings of bonds were Japan, with $1.151 trillion, followed by the United Kingdom, which owns $899 billion, followed by China with $730 billion, the Cayman Islands came in fourth with $438 billion, and Belgium with $428 billion."

In August 2023, the US Treasury announced that Iraq had dropped one spot among the largest foreign holders of US bonds.

The Treasury stated at the time: "Iraq dropped one spot despite increasing its bond holdings for June by $300 million, reaching 37th place among the 38 countries listed in the table," noting that "Peru increased its bond holdings to 36th place, replacing Iraq."

It added that "Iraq's holdings of these bonds reached $33 billion for June, a 0.92% increase compared to last May, when Iraq's bond holdings reached $32.7 billion. However, they increased by 3.12% compared to June 2022."

The Treasury noted that "Iraq is the fourth largest Arab country after Saudi Arabia, the UAE, and Kuwait, while Japan tops the list of countries holding the most of these bonds, at $1.105 trillion, followed by China in second place with $835 billion, the United Kingdom in third place with $672 billion, Belgium in fourth place with $332 billion, and Luxembourg in fifth place with $331 billion." https://www.mawazin.net/Details.aspx?jimare=267107

NATO Announces Its Long-Term Commitment To Iraq

A wish | 12:59 - 09/19/2025  Mawazine News – Baghdad  The NATO mission confirmed on Friday that it has a long-term agreement with Iraq to build stronger and more reliable armed forces.

While stating that cybersecurity and crisis management are top priorities for the mission, it noted that the goal is to help Iraq achieve its full security potential, which will positively impact the economy and society.

The mission said in an interview with the official agency, “The advice provided to the Iraqi armed forces aims to raise the effectiveness of the Iraqi army and enhance its capabilities,” noting that “the Iraqi Ministry of Defense agreed with the NATO mission in Iraq on a set of long-term goals to build stronger and more reliable forces, which contributes to enhancing the security and stability of the country.”

She added, “The Ministries of Defense and Interior agree with the NATO mission that the latter’s efforts focus on supporting the capabilities of the armed forces and the federal police, in accordance with the agreed areas of cooperation.

There is also the Defense and Security Capacity Building (DCB) package that was agreed upon in July 2015 at the request of the Iraqi government, and in accordance with the decisions of the 2016 Warsaw Summit, training and capacity building activities were transferred inside Iraq with the adoption of a train-the-trainers approach.

” She indicated that “the NATO Mission in Iraq (NMI) is the main tool for implementing this initiative, and it includes priority areas such as security sector reform, countering improvised explosive devices, dealing with unexploded ordnance and mines, civil-military planning for operations, cyber defense, military medicine and medical assistance, military training, as well as Civilian Emergency Preparedness.”

She explained that “the mission provides daily advice and support to the Ministry of Defense directorates, and also provides advice to military educational institutions to enhance their efficiency, as the Defense and Security Capacity Building Initiative represents a comprehensive NATO program that provides strategic advice and practical assistance to partners in areas in which it has specialized expertise.” Regarding plans to expand the mission’s work,

The NATO mission affirmed that “cooperation between the Iraqi forces and NATO aims to develop institutions and operations,” noting that the North Atlantic Council agreed in August 2023 to expand the mission’s mandate to include advising the Federal Police leadership.

The mission also provides support in areas beyond the military aspect, such as the rule of law, governance and anti-corruption, civilian protection, women, peace and security, and institutional vocational education, as well as supporting women’s participation in Iraqi forces and promoting respect for human rights.

 It pointed out that “the mission’s tasks include advising senior leaders, sharing best practices and experiences, supporting planning and budgeting processes, and contributing to the modernization of organizational structures at the level of the Ministries of Defense and Interior and senior military institutions.

Institutional reform takes longer than training individuals, but it achieves long-term results.” It explained that “continuing to provide security and military advice is essential, and that the mission operates at Iraq’s request and adapts to its changing needs.

We are currently reviewing our internal organization to provide better support and keep pace with the priorities identified by the Iraqis, including cybersecurity, crisis and disaster management, and the education and training of non-commissioned officers.”

The mission stated that "the mission's central role is to provide advice at the ministerial level to enable the Iraqi authorities to make informed decisions and implement reforms that contribute to improving security and governance. The ultimate goal is for Iraq to reach its full potential for security and stability, which will positively impact the economy and society.

" It stressed "continued support for Iraq's ambition to be a full and long-term partner of NATO, particularly through the High-Level Political Dialogue launched in August 2024. The future of the mission requires a sustained commitment and high flexibility to adapt to developments on the ground and Iraq's changing needs, while continuing to coordinate with the Iraqi authorities."  https://www.mawazin.net/Details.aspx?jimare=267046

US Report: Iraq Needs An Oil Price Of $92 To Balance Its Budget.

Energy  S&P Global Commodity Insights revealed on Saturday that Iraq needs an oil price of $92 per barrel to balance its budget this year.

According to the agency's report on the oil prices needed by the Middle East and North Africa region to balance its national budgets for 2025, which was reviewed by Shafaq News Agency, "Iraq needs an average price of $95 per barrel to balance its national budget."

He added, "The highest average oil price required by oil-producing countries to balance their national budgets was Iran's, at $122 per barrel, followed by Bahrain at $107 per barrel, and then Algeria at $93 per barrel."

She continued, "Kuwait needs an average price of $89 per barrel, followed by Oman at $80, Saudi Arabia at $77, Qatar at $64, and the UAE is the lowest-priced country with an average price of $47." According to the agency, "Iraq is selling heavy crude oil at $66 and medium crude oil at $68." https://economy-news.net/content.php?id=60202

Basra Crude Closes With Weekly Gains 

Economy | 08:55 - 09/20/2025  Mawazine News – Follow-up  Basra Medium and Heavy crude oil prices achieved weekly gains of 4.06% over the past week.

Basra Heavy closed in its last session on Friday, down 48 cents to $66.33, but recorded weekly gains of $2.59, or 4.06%.  Basra Medium also closed in its last session, down 83 cents, to $67.88, recording weekly gains of $1.04, or 1.56%.

Although Brent crude futures fell one cent to $67.43 a barrel, US West Texas Intermediate (WTI) crude futures fell four cents to $63.53.  Despite this, both benchmarks are on track to record gains for the second consecutive week.  https://www.mawazin.net/Details.aspx?jimare=267081

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

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 9-20-25

Good Afternoon Dinar Recaps,

JPMorgan: Yuan Surges, BRICS Driving Global De-Dollarization

JPMorgan raises its yuan forecast as BRICS de-dollarization accelerates, reshaping global trade and financial alignments.

Bank Revises Projections as Currency Dynamics Shift
JPMorgan has revised its end-of-year target for China’s onshore yuan to 7.15 from 7.30, signaling renewed confidence in the currency. Analysts described this as a “gentle downtrend” to 7.10 by mid-2026, pointing to eased tariff risks and a more stable trade outlook.

Recent U.S.-China negotiations in London calmed some tensions, with the yuan holding steady at 7.1875 in European markets. This reflects improved bilateral trade relations—an important backdrop for broader currency realignments.

BRICS Nations Push Yuan as Dollar Alternative
China has been spearheading BRICS’ push to reduce dollar dependence:

• Central bank reserves and commercial trade are increasingly being settled in yuan, especially for oil and commodities.

• Russia and Brazil have adopted the yuan in commercial operations as sanctions pushed them away from dollar systems.

• The New Development Bank has expanded yuan-denominated loans across Asia and Africa, embedding the currency into global financing.

This strategy strengthens Beijing’s influence and reinforces momentum behind non-dollar trade systems.

Internal Resistance Challenges Yuan Dominance
Not all BRICS members are comfortable with Chinese leadership:

• India and South Africa are promoting multicurrency frameworks instead of yuan primacy.

• Brazil has also resisted over-reliance on Chinese currency, favoring arrangements that balance multiple local currencies.

These tensions reveal the limits of BRICS unity—a critical factor in whether de-dollarization evolves into true financial restructuring or merely a regional shift.

Market Dynamics Shape Future Currency Arrangements
Goldman Sachs analysts describe China’s central bank actions as “goodwill gestures” during trade talks. But the yuan’s depreciation against trading partner currencies could spark new frictions.

Meanwhile, the Trump administration views BRICS as a direct challenge to the dollar-based system, framing these moves as a geopolitical battle as much as an economic one.

Why This Matters
The yuan’s rise—and BRICS’ push to rewire global finance—underscores how currency power is now a tool of geopolitical realignment. While JPMorgan sees stability in the short term, the longer trajectory points to a systemic restructuring where the dollar no longer dominates unchallenged.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Watcher.Guru   

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Saturday Morning 9-20-25

Oil Prices Stabilize Amid Demand Concerns

Economy |  09/19/2025  Mawazine News - Follow-up:   Oil prices stabilized on Friday, after ending the previous session lower, due to concerns about weaker fuel demand in the United States, following the US Federal Reserve’s decision to cut interest rates for the first time this year.

Brent crude futures fell one cent to $67.43 a barrel, while US West Texas Intermediate (WTI) crude futures fell four cents to $63.53 a barrel.

Both benchmarks are on track for a second consecutive week of gains, despite pressure from US inventory data.

The US Federal Reserve cut interest rates by a quarter percentage point last Wednesday, indicating the possibility of further monetary easing in response to signs of weakness in the labor market.

While lower borrowing costs typically support oil demand, a rise in US distillate inventories of more than 4 million barrels, compared to expectations of a 1 million-barrel increase, increased concerns about demand in the world’s largest oil consumer, pressuring prices.  https://www.mawazin.net/Details.aspx?jimare=267030

Iraq: Between Yesterday's Challenges And Reform Opportunities: A Reading Of Economic Transformations Under The Al-Sudani Government

Written by Dr. Saleh Mahoud Salman / Advisor to the Prime Minister  The Iraqi economy is not just budget numbers or data issued by financial institutions. Rather, it is the story of a country that has suffered for decades from successive crises that have impacted people's lives and daily livelihoods.

 Since the 1980s, Iraq has been mired in a cycle of wars and sanctions, which excluded its banks from the global financial system, weakened its ability to attract investment, and led to near-total dependence on oil revenues.

After 2003, despite greater openness to international markets, a significant portion of the banks remained mere "fronts" for selling currency through the central bank's windows, unable to practice modern banking. Meanwhile, public companies remained a heavy burden on the budget, without generating a productive return commensurate with the resources they consumed.

This bleak picture is accompanied by other problems, most notably high unemployment and poverty rates, weak productive sectors, heavy bureaucracy, and corruption that has drained the state's resources.

In the face of these complex challenges, Mr. Mohammed Shia al-Sudani's government program came with a set of central priorities, foremost among which was economic reform, along with reforming the banking system, activating electronic payments, completing the unified treasury, improving the business environment, and reforming the tax and customs systems.

Thus, Iraq began to prepare for a new phase, after the government realized that continuing with the old approach was no longer a viable option.

Hence, the need to confront the heavy economic legacy that had shackled the country for decades emerged. The economy remained captive to oil rents, while the agricultural and industrial production sectors declined, and unemployment and poverty rates rose.

Perhaps the first step was to reconsider the role of public companies and the government apparatus. Supreme committees were formed to restructure them according to a new philosophy that made the state a "manager, not an owner." This represented the beginning of a comprehensive reform process that paved the way for a more resilient economy.

While these efforts were related to the institutional structure, fiscal reform represented the other side of the process. The adoption of a three-year budget (2023–2025) was not merely an accounting measure; it was an unprecedented step that focused on investment spending rather than operational spending.

 It was accompanied by the launch of tax reform packages aimed at increasing collection by 30 percent by 2025. With the adoption of a unified treasury and the shift to automation and electronic payments, these decisions quickly reflected in revenues, which recorded a significant jump of more than 100 percent compared to previous years.

While budgetary control was essential, financial sector reform alone is insufficient without addressing the backbone of the economy: the banking system. This is where the launch of the new trade finance platform in November 2022 changed the nature of banking in Iraq.

By linking foreign transfers to private banks under the supervision of the Central Bank, the parallel market was regulated, and the difference between the official and parallel rates was reduced by more than 60 percent.

In parallel, the restructuring of Rafidain and Rashid Banks began with international support, transforming the banks from mere currency brokers into modern financial institutions. The US Treasury even described this step as a "historic achievement."

From the womb of these banking transformations emerged the electronic payment experiment, which quickly became the most prominent reform initiative.

Once government departments were required to use it, the experiment expanded to include the private sector, with the number of points of sale increasing from 10,000 in 2022 to 50,000 in 2025, and the volume of monthly payments jumping from 90 billion dinars to more than 500 billion.

 The number of bank cards also increased to 22 million, and the financial inclusion rate jumped from less than 10 percent to 40 percent in just three years—an achievement the World Bank considers unique compared to stable countries that took a full decade to achieve what Iraq accomplished in two years.

Because money requires an environment that can absorb it, it was only natural for reforms to extend to investment and infrastructure. Thus, the "Development Road" project and the Grand Faw Port were born as symbols of an economic future linking the Gulf to Europe.

Meanwhile, agreements were signed with the World Bank to finance railway, energy, and water projects. Internally, Iraq began localizing pharmaceutical and construction industries and launching industrial projects of various sizes, in addition to launching solar energy initiatives in factories to relieve pressure on the national grid.

Reforms have thus become more comprehensive, extending beyond finance and banking to the production and development infrastructure.

While plans and policies are important, numbers remain the most reliable witness to the magnitude of the transformation. Foreign reserves rose to $106 billion in March 2025, up from $86 billion at the end of 2022, a growth rate of more than 12 percent.

Gold reserves increased from 130 tons to 163 tons during the same period, an increase of 25 percent. Inflation declined from 7.5 percent to 2.7 percent, reflecting tangible monetary stability. In the banking sector, the number of accounts doubled from eight million to twenty million, and the number of bank cards increased from sixteen to twenty-two million.

The electronic payment infrastructure also made a significant leap, with points of sale increasing from ten thousand to fifty thousand, and monthly payments increasing by 460 percent.

These indicators did not stop there. The gap between the official and parallel rates decreased by more than sixty percent, and the financial inclusion rate rose to forty percent, from less than ten percent just two years ago.

International financing agreements worth $1.2 billion were signed, and tax revenues increased by about thirty percent in 2024 compared to the previous year. In the field of digital transformation, the "UR" electronic portal and e-passport were launched, and authentication procedures were eliminated through the secure documents system, which processed more than fifteen million transactions.

In customs, revenues rose to 2.131 trillion dinars in 2024, compared to 1.03 trillion dinars in 2023, an increase of 106%, and a growth rate of 128% compared to pre-2022.

The transformations were not limited to finance and revenues, but also included development initiatives. The Central Bank and government banks launched programs to support housing, renewable energy, youth entrepreneurship, and industrial cities, and the Iraq Development Fund was established as a new financing arm.

In the industrial sector, practical steps were taken to localize the pharmaceutical and construction industries, various production projects were launched, and initiatives were launched to equip factories with solar energy, in addition to signing agreements with global industrial associations.

Despite all these results, it is undeniable that the road ahead is still fraught with challenges. Oil remains the backbone of the budget, and bureaucracy and corruption remain major obstacles to consolidating reform.

Nevertheless, the government's goals for 2026 appear both ambitious and realistic: reducing dependence on oil to less than 85% of revenues, reducing the fiscal deficit to less than 3% of GDP, improving Iraq's credit rating, and completing the digital transformation of public finances.

Iraq today stands at a historic crossroads. After decades of crises and turmoil, reforms have begun to transform into tangible facts, evidenced by numbers and indicators.

While the road is still long, what has been achieved in a short period of time proves that change is possible when there is political will and a clear vision.

Iraq has begun to take steadily steps toward a more diversified and resilient economy—one that places people at the heart of development and gives future generations hope for a nation capable of rising again.   https://economy-news.net/content.php?id=60195

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

Seeds of Wisdom RV and Economics Updates Saturday Morning 9-20-25

Good Morning Dinar Recaps,

How The West Screwed Itself in Energy Geopolitics

The Tianjin summit revealed a historic energy and financial realignment, with Russia, China, and India reshaping global power away from the West.

The Tianjin Summit and the Power of Siberia 2
The Shanghai Cooperation Organisation summit in Tianjin was more than symbolic diplomacy. The “binding memorandum” for the Power of Siberia 2 pipeline underscored a fundamental redirection of energy flows. What once fueled German factories and Europe’s industrial rise will soon underpin China’s long-term growth.

Collapse of a decades-old model: Russian gas for European manufacturing exports.

• Sanctions backfire: By weaponizing sanctions and sabotaging pipelines, the West dismantled its own foundation.

• Eastward pivot: Russia is securing new, long-term energy ties with China.

India’s Defiance and the Breaking Point with Washington
India’s role is equally significant. Facing U.S. tariffs on its Russian oil purchases, New Delhi openly defied Washington.

• Strategic shift: Prime Minister Modi aligned with Russia and China at Tianjin.

• Financial independence: India is bypassing dollar-based systems through BRICS trade frameworks.

• Dollar erosion: Every transaction outside the dollar weakens U.S. financial dominance.

Europe’s Self-Inflicted Wound
Europe’s sanctions have backfired spectacularly.

• German deindustrialization: Higher energy costs cripple competitiveness.

• U.S. LNG dependence: Europe traded cheap Russian gas for costly American LNG.

• Asia’s gain: Russia found stable demand in China, undercutting Washington’s LNG ambitions.

Brzezinski’s Grand Chessboard Unravels
For decades, U.S. strategy sought to prevent a Berlin-Moscow axis. That plan has collapsed.

• Eurasian cooperation deepens: Russia, China, and India are now coordinating more closely than ever.

• Parallel finance emerging: Moves away from SWIFT and toward commodity-backed alternatives signal a structural reset.

• Strategic miscalculation: U.S. actions have unified its rivals instead of dividing them.

Why This Matters
The West’s miscalculations have:

• Weakened Europe’s economy

• Alienated India from Washington

• Pushed Russia and China into closer partnership

What began as an energy realignment is rapidly becoming a monetary realignment, with BRICS preparing to challenge dollar dominance.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: ZeroHedge

~~~~~~~~~

Institutional Demand Grows With New Crypto Treasuries and SEC Reforms

Public companies and regulators are laying the foundation for a deeper integration of digital assets into the financial system.

Corporate Treasuries Signal Adoption
Nasdaq-listed Helius Medical Technologies launched a $500 million treasury reserve built around Solana, marking one of the largest corporate Solana initiatives to date.

• The company priced an oversubscribed private placement, raising $500 million in equity and up to $750 million in warrants.

• Helius will scale Solana holdings over 12–24 months while exploring staking and lending to generate additional revenue.

Institutional Capital Expands
Standard Chartered’s SC Ventures announced a $250 million digital asset investment fund backed by Middle Eastern investors, signaling cross-border institutional alignment.

SEC Opens the Door for Broader ETFs
The SEC approved new generic listing standards to speed up crypto ETF reviews on Nasdaq, NYSE Arca, and Cboe BZX. It also greenlit Grayscale’s Digital Large Cap Fund (GLDC), the first multi-asset crypto exchange-traded product in the U.S.

Why This Matters
Institutional demand, corporate treasuries, and regulatory reform are converging into a structural shift in capital allocation. This marks a new phase of digital integration into global markets.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

EU’s Landmark Crypto Law Runs Into National Frictions

Europe’s MiCA regulation promised unity, but national regulators are fracturing the vision of a single crypto market.

The Promise of MiCA
The Markets in Crypto-Assets (MiCA) regulation was designed to allow one license to unlock access to all 27 EU nations, positioning Europe as a unified competitor to the U.S.

National Pushback
Instead of harmonization, France, Italy, and Austria are raising concerns about regulatory arbitrage, warning companies may gravitate to the most lenient jurisdictions.

Old Habits Resurface
Experts point to MiFID as precedent, where uniformity broke down and hubs like Cyprus and Malta attracted firms seeking lighter oversight. Without consistency, MiCA risks the same fate.

Startups Under Pressure
While larger players see opportunity, startups warn compliance costs may drive them out of business, favoring incumbents with resources.

Why This Matters
The EU’s bid to lead in crypto regulation will hinge on its ability to enforce true harmonization across 27 nations. Failure risks creating another fragmented system that drives innovation elsewhere.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Coindoo

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 9-20-2025

TNT:

Tishwash:  Al-Sudani: There is a major economic transformation in Iraq... Investments total $100 billion.

 Prime Minister Mohammed Shia al-Sudani announced today, Thursday, September 18, 2025, that the volume of investments in Iraq has reached $100 billion.

A statement from the Prime Minister's Office, received by Baghdad Today, stated that al-Sudani "met a group of tribal sheikhs, dignitaries and academic elites from the people of the Karrada area, at the guest house of Sheikh Mahdi al-Hakak, and expressed his thanks for the invitation and the good opportunity to meet this group of the people of Karrada, the city that made sacrifices during the rule of the dictatorial regime and after the change in 2003, as it turned into a target for terrorism, and is also distinguished by embracing prominent names in the fields of politics, commerce, sports, culture and other fields."

Al-Sudani explained, according to the statement, that "the government has implemented the first package of demands that the people of Karrada had previously submitted to him, and work is underway on the second package, pointing to the state of stability and security throughout Iraq, where the security services are imposing their full control."

Al-Sudani stressed "the necessity of participating in the upcoming elections, with awareness, to ensure accurate selection, which means cutting halfway to the security, stability and development we seek. He also stressed the importance of overcoming the mistakes of the past stages, by prioritizing the national interest."

He promised, "Boycotting the elections is not the solution, and will be a gift to the corrupt and anyone with an agenda that does not serve the country," indicating that "countries of the world look at Iraq today with respect and appreciation for its achievements in many fields."

He pointed out that "the presence of major international companies operating in Iraq is a sign of its recovery, and there is a major economic transformation in Iraq, with the volume of investments reaching $100 billion, meaning that it is a safe and stable country and an attractive environment for investment."

The Prime Minister indicated that "Iraq is a large workshop, and in every governorate there is ongoing work to provide services according to a well-thought-out vision and plan. Integrity is one of the most important criteria for political work, and it is necessary to prioritize the public interest over partisan and factional interests."

He stressed, "The future belongs to the youth, who constitute 60%, and it is our duty to provide job opportunities for them and secure their future." link

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

Tishwash:  Government advisor: Economic reforms have put Iraq on a new path to growth and stability.

 Written by Dr. Saleh Mahoud Salman / Advisor to the Prime Minister 

Prime Minister Salih Mahoud Salman, advisor to the prime minister, affirmed on Friday that the economic reforms adopted by the government have placed Iraq on a new path of growth and stability. While explaining that the country is steadily moving toward a more diversified and resilient economy that places people at the heart of development, he noted that the Development Road Project and the Faw Port are symbols of an economic future that connects Iraq to the world.

Speaking to the Iraqi News Agency (INA), Salman said, "Iraq stands today at a historic crossroads, after its foreign and gold reserves increased, and its investment and infrastructure projects expanded, on a path that establishes a more diversified and resilient economy that places people at the heart of development."

He explained, "The Iraqi economy is not just numbers in the budget or data issued by financial institutions. Rather, it is the story of a country that has suffered for decades from successive crises that have left their mark on people's lives and daily livelihoods."

He added, "Since the 1980s, Iraq has been mired in a cycle of wars and sanctions, which have excluded its banks from the global financial system, weakened its ability to attract investment, and led to an almost total dependence on oil revenues. After 2003, despite the significant opening to international markets, a significant portion of the banks remained little more than 'fronts' for selling currency through the central bank window, unable to practice modern banking. Meanwhile, public companies remained a heavy burden on the budget, without a productive return commensurate with the resources they consumed."

He continued, "This bleak picture is accompanied by other problems, most notably high unemployment and poverty rates, weak productive sectors, heavy bureaucracy, and corruption that has drained the state's resources."

Salman pointed out that, "In the face of these complex challenges, Prime Minister Mohammed Shia al-Sudani's government program came with a set of central priorities, with economic reform at the forefront, along with reforming the banking system, activating electronic payments, completing the unified treasury, improving the business environment, and reforming the tax and customs systems. Thus, Iraq began to prepare for a new phase, after the government realized that continuing with the old approach was no longer a viable option."

He added, "Hence, the need to confront the heavy economic legacy that has shackled the country for decades emerged. The economy remained captive to oil rents, while the agricultural and industrial production sectors declined, and unemployment and poverty rates rose. Perhaps the first step was to reconsider the role of public companies and the government apparatus. Supreme committees were formed to restructure them according to a new philosophy that makes the state a 'manager, not an owner.' This represented the beginning of a comprehensive reform process that paves the way for a more resilient economy."

Salman pointed out, "While these efforts were related to the institutional structure, financial reform represented the other side of the process. The adoption of a three-year budget (2023-2025) was not merely an accounting measure, but rather an unprecedented step that focused on investment spending rather than operational spending. It also launched tax reform packages aimed at raising collection by 30 percent by 2025. With the adoption of a unified treasury and the shift to automation and electronic payment, these decisions quickly reflected in revenues, which recorded a significant jump of more than 100 percent compared to previous years."

Ali emphasized that "although budget control was necessary, financial sector reform alone is not sufficient without addressing the core of the economy, represented by the banking system. This is where the launch of the new trade finance platform in November 2022 changed the nature of banking in Iraq."

He continued, "By linking foreign transfers to private banks under the supervision of the Central Bank, the parallel market was brought under control, and the difference between the official and parallel rates was reduced by more than 60 percent. In parallel, the restructuring of Rafidain and Rashid Banks began with international support, transforming the banks from mere currency brokers into modern financial institutions. The US Treasury even described this step as a 'historic achievement.'"

He pointed out that "from the womb of these banking transformations emerged the electronic payment experiment, which quickly became the most prominent title of reform. As soon as government departments were obligated to use it, the experiment expanded to include the private sector, with points of sale increasing from 10,000 in 2022 to 50,000 in 2025, and the volume of monthly payments jumping from 90 billion dinars to more than 500 billion.

The number of bank cards also increased to 22 million, and the financial inclusion rate jumped from less than 10 percent to 40 percent in just three years, an achievement the World Bank considered unique compared to stable countries that took a full decade to achieve what Iraq accomplished in two years."

“Because money needs an environment that can absorb it, it was only natural for reforms to extend to the field of investment and infrastructure,” Salman said. “Thus, the ‘Development Road’ project and the Grand Faw Port were born as symbols of an economic future linking the Gulf to Europe. Agreements were signed with the World Bank to finance projects in railways, energy, and water.

Internally, Iraq has begun to localize pharmaceutical and construction industries and open industrial projects of various sizes, in addition to launching solar energy initiatives in factories to relieve pressure on the national grid. Thus, reforms have become more comprehensive, not limited to money and banks, but extending to the productive and developmental infrastructure.”

He continued, "While plans and policies are important, numbers remain the truest witness to the magnitude of the transformation. Foreign reserves rose to $106 billion in March 2025, up from $86 billion at the end of 2022, a growth rate of more than 12 percent. Gold reserves rose from 130 tons to 163 tons during the same period, an increase of 25 percent. Inflation declined from 7.5 percent to 2.7 percent, reflecting tangible monetary stability."

He added, "In the banking sector, the number of accounts doubled from eight million to twenty million, and the number of bank cards increased from sixteen to twenty-two million. The electronic payment infrastructure also made a significant leap, with points of sale increasing from ten thousand to fifty thousand, and monthly payments increasing by 460%."

He pointed out that "these indicators did not stop there, as the gap between the official and parallel rates decreased by more than sixty percent, and the financial inclusion rate rose to forty percent after being less than ten percent just two years ago. International financing agreements worth $1.2 billion were signed, and tax revenues increased in 2024 by about thirty percent compared to the previous year.

 In the field of digital transformation, the "OR" electronic portal and the electronic passport were launched, and authentication of issuance transactions were canceled through the secure documents system, which processed more than fifteen million transactions. As for customs, revenues rose to 2.131 trillion dinars in 2024 compared to 1.03 trillion in 2023, an increase of 106%, and a growth rate of 128% compared to before 2022."

Salman emphasized that "the transformations were not limited to finance and revenues, but also included development initiatives. The Central Bank and government banks launched programs to support housing, renewable energy, youth entrepreneurship, and industrial cities. The Iraq Development Fund was also established as a new financing arm. In the industrial sector, practical steps were taken to localize the pharmaceutical and construction industries, various production projects were opened, and initiatives were launched to equip factories with solar energy, in addition to signing agreements with global industrial unions."

He pointed out that, "Despite all these results, it is undeniable that the road ahead is still full of challenges. Oil remains the backbone of the budget, and bureaucracy and corruption remain major obstacles to consolidating reform. Nevertheless, the government's goals through 2026 appear both ambitious and realistic: reducing dependence on oil to less than 85% of revenues, reducing the fiscal deficit to less than 3% of GDP, improving Iraq's credit rating, and completing the digital transformation of public finances."

He continued, "Thus, Iraq today stands at a historic crossroads. After decades of crises and turmoil, reforms have begun to become tangible facts, demonstrated by numbers and indicators. While the road is still long, what has been achieved in such a short period proves that change is possible when there is political will and a clear vision."

He pointed out that "Iraq has begun to take steady steps toward a more diversified and resilient economy, one that places people at the heart of development and gives future generations hope for a nation capable of rising again."  link 

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

Mot: .... How Can YOu Tell?????  

Mot:  . Warning Guys!!! - They Will Go to Great Lengths to ~

Seeds of Wisdom RV and Economics Updates Friday Afternoon 9-19-25

Good Afternoon Dinar Recaps,

Russia, Vietnam Use Energy Profits to Bypass US Sanctions for Arms Deals

A secretive oil-for-arms mechanism reveals how global powers are rewriting financial pathways outside U.S. control.

A Backdoor Sanctions Evasion Strategy

Internal Vietnamese documents obtained by the Associated Press show that Russia and Vietnam have created a mechanism to conceal arms deal payments by channeling profits from joint oil and gas ventures.

Instead of moving cash through the SWIFT system—long controlled by Western oversight—Vietnam is using profits from its Rusvietpetro venture in Siberia to pay off defense contracts with Moscow. Excess profits then move back into Vietnam through joint ventures with Russian oil companies, completing the cycle without crossing Western banking networks.

This arrangement is designed not just to maintain military ties but also to sidestep the very financial infrastructure the U.S. uses to enforce sanctions.

Why This Mechanism Matters

By avoiding international transfers, Russia and Vietnam are insulating themselves from secondary sanctions under U.S. law. It’s a sophisticated workaround:

• Step 1: Vietnamese profits from Siberian oil operations repay Russian defense credit.

• Step 2: Excess profits flow to Russian state energy firms.

• Step 3: Russia’s local ventures in Vietnam return equal sums to PetroVietnam, bypassing global financial systems.

As one analyst noted, “It’s not your typical flexible financing… it’s next-level stuff.”

This isn’t just creative accounting—it’s the deliberate construction of an alternative financial system.

The Broader Context

The U.S. is working to deepen its economic and defense relationship with Vietnam as part of its Indo-Pacific strategy against China. Yet at the same time, Vietnam is strengthening ties with Moscow to secure military supplies.

For Russia, cut off from Western capital markets, these oil-linked payments are a lifeline. For Vietnam, they are a way to preserve both Russian defense cooperation and U.S. trade benefits while navigating sanctions risk.

The mechanism mirrors earlier Russian deals in Southeast Asia, where Moscow traded arms for commodities like palm oil or coffee. This time, however, the stakes are higher: the system directly bypasses Western-controlled finance and exposes cracks in U.S. sanctions enforcement.

Financial Restructuring in Motion

At the heart of this arrangement lies a bigger story: the shift away from Western-dominated financial architecture.

• Energy revenues are being re-tasked as covert financial flows.

• Sanctions enforcement is pushing nations to create parallel systems of value exchange.

• Military deals and resource profits are blending into closed financial loops beyond Washington’s reach.

For Vietnam, this strengthens its strategic autonomy; for Russia, it represents survival in the face of escalating sanctions. For the global system, it accelerates the fragmentation of financial power.

Why This Matters

The oil-for-arms mechanism between Russia and Vietnam illustrates how nations are actively building workarounds to U.S.-centric financial dominance. While sanctions remain a primary American tool, their effectiveness erodes when countries find ways to bypass SWIFT, dollar clearing, and Western oversight altogether.

Key Takeaway: What appears to be an arms deal financing trick is in reality a sign of broader restructuring—energy, finance, and security are merging into closed systems outside U.S. reach.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Associated Press

~~~~~~~~~

BRICS Gold-Backed System Sparks Sovereignty Push vs US Dollar

The BRICS gold reserve strategy signals a decisive move away from dollar dominance, laying the groundwork for a new financial order.

Asset-Backed Currencies Re-Entering the System
BRICS nations have pooled over 6,000 tonnes of gold — about 20–21% of global central bank holdings — to back a new currency initiative. While not a classical gold standard, the effort introduces commodity-anchored credibility to trade settlements. Russia leads with 2,335.85 metric tons, closely followed by China at 2,298.53 metric tons, underscoring their dominance in the bloc’s monetary reengineering.

Trade Settlement Beyond SWIFT
The initiative is about more than gold. BRICS countries are actively developing payment infrastructure that bypasses the SWIFT system. This allows trade settlements free from dollar dependency, creating parallel financial plumbing to serve global commerce.

De-Dollarization as Strategic Sovereignty
By insulating themselves from the reach of U.S. sanctions, BRICS nations are turning gold into a geopolitical shield. Russia and China alone control nearly three-quarters of BRICS’ combined gold reserves, giving them the strategic leverage to challenge dollar hegemony.

Ripple Effect Across Global Finance
Even before full launch, the anticipation of a BRICS gold-backed settlement system is influencing global behavior. Nations are reassessing reserve strategies and trade alignments, accelerating the trend of de-dollarization across emerging markets.

Why This Matters
The contrast is stark: while the U.S. is preoccupied with regulatory battles and leadership struggles at institutions like the CFTC, BRICS is executing structural changes that rewire trade and finance in real time. These parallel tracks — digital oversight in the West and hard-asset backing in the East — are converging toward the same destination: a new financial order.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

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Thank you Dinar Recaps

Seeds of Wisdom RV and Economics Updates Friday Morning 9-19-25

Good Morning Dinar Recaps,

US, UK to Collaborate on AI, Quantum Computing, Nuclear Energy Development

Washington and London strike a landmark tech pact, signaling a shift in global power competition.

A Strategic Memorandum with Global Implications

US President Donald Trump and UK Prime Minister Keir Starmer signed a memorandum of understanding (MOU) on Thursday during Trump’s state visit to the United Kingdom.

The agreement outlines joint development in artificial intelligence, nuclear energy, telecommunications, and quantum computing—all critical sectors shaping the next generation of global infrastructure.

While the MOU is not legally binding, its scope shows intent: joint research initiatives, interoperability standards, and even 6G development. At its core, this deal reinforces something larger—the restructuring of global finance and power through technology.

This is not just politics — it’s global finance restructuring before our eyes.

Quantum Computing and the Crypto Connection

One of the most significant elements is quantum computing. The US-UK task force will develop hardware, software, and algorithms with interoperability standards.

In the crypto world, this development is pivotal. Sufficiently powerful quantum computers could disrupt existing encryption models that safeguard digital assets. The fact that Washington and London are leading this race suggests they see control over quantum systems not just as a military or commercial advantage, but also as a tool to steer the future of money and security.

Here, technology and finance converge—innovation becomes a weapon in the struggle for financial dominance.

AI, 6G, and the Economic Power Play

Trump stressed the investment impact:

“This trip has galvanized $350 billion in deals across many sectors… We are committed to ensuring that the UK is a secure and reliable supply of the best AI hardware and software on Earth.”

With Trump also citing $17 trillion invested in the US over the last year, it’s clear that these technological pushes are part of a broader financial realignment strategy. AI and 6G networks will drive future trade, intelligence, and digital commerce—every piece reinforcing the dollar-led order in competition with BRICS and other rising blocs.

What looks like tech cooperation is, in fact, economic positioning in a financial restructuring already underway.

A Golden Nuclear Age

The announcement also highlighted collaboration on nuclear fusion—hailed as the potential future of limitless clean energy. By investing in advanced reactors, both the US and UK aim to secure energy independence, strengthening their supply chains and removing reliance on adversarial sources.

Energy security has always been tied to financial dominance. Control over nuclear and fusion tech means control over the backbone of industrial power, and ultimately, monetary leverage in a de-dollarizing world.

This is not simply about energy—it is about ensuring financial supremacy in the decades ahead.

Why This Matters

This memorandum may not yet change laws, but it maps out the architecture of tomorrow’s world order:

• AI, quantum, and 6G as control points for commerce and finance.

• Nuclear fusion as leverage over global energy pricing and reserves.

• Anglo-American coordination ensuring Western dominance in the technology-driven economy.

The deal is less about research labs and more about shaping financial and energy flows in the decades ahead.

Key Takeaway: Washington and London are aligning to secure the technologies that underpin global finance and security. What looks like a science partnership is actually an economic and monetary power play.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: CoinTelegraph   

~~~~~~~~~

White House Eyes Other Candidates for CFTC Chair as Quintenz Confirmation Stalls

Crypto regulation takes center stage as Trump weighs new leadership at the CFTC.

A Search for Leadership in Uncertain Times

The Trump administration is actively considering backup candidates for the Commodity Futures Trading Commission (CFTC) as Brian Quintenz’s confirmation remains stalled. Bloomberg reports that potential contenders include officials with cryptocurrency regulation expertise, reflecting how central digital assets have become in U.S. financial policy.

This is not a simple personnel shuffle. It reveals that the administration views the CFTC chairmanship as a critical post in shaping the regulatory and financial framework of the digital economy.

The CFTC’s Expanding Role in Digital Assets

Congress is currently developing legislation to expand the CFTC’s powers over crypto markets, cementing its place as one of the most influential agencies in digital asset oversight. Unlike the SEC, which has leaned heavily on enforcement, the CFTC is being positioned to act as the market’s stabilizer—regulating derivatives, spot markets, and systemic risks.

This is where the financial restructuring angle emerges: whoever leads the CFTC will effectively steer how crypto integrates into the broader financial system. Decisions on derivatives approvals, stablecoin oversight, and futures markets all tie back into how money flows globally.

Political Drama Meets Financial Power

Quintenz, Trump’s nominee, has faced resistance both in the Senate and within the crypto industry itself. Notably, the Winklevoss twins—staunch Trump supporters and key crypto financiers—have openly opposed him, arguing that his approach is out of alignment with the administration’s policy.

The dispute intensified when Quintenz alleged that the twins lobbied against his nomination after he declined to pursue Gemini’s complaint against the CFTC staff. This clash isn’t just personal; it highlights the tug-of-war between regulators, industry players, and political powerbrokers over who gets to shape the rules of the new financial order.

Why This Matters

The CFTC chair isn’t just another Washington appointment. In 2025, the position will define:

• How crypto assets are classified and traded in U.S. markets.

• Whether derivatives and futures tied to tokens like XRP, Bitcoin, and stablecoins expand liquidity globally.

• How America positions itself in the race against BRICS nations building parallel financial systems.

The chair’s decision-making will ripple far beyond U.S. borders, influencing whether digital assets strengthen or weaken dollar dominance in the global economy.

Key Takeaway: The stalled nomination underscores how crypto regulation has become inseparable from the contest over financial power. Choosing the right CFTC leader is less about politics and more about setting the foundation of tomorrow’s monetary system.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: The Block

~~~~~~~~~

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Thank you Dinar Recaps

“Tidbits From TNT” Friday Morning 9-19-2025

TNT:

Tishwash:  Iraq remains America's darling...the Supreme Court dismisses a lawsuit against Baghdad for hundreds of millions.

The Supreme Court in Washington ruled on Wednesday (September 17, 2025) to prevent an American military affairs company from fining the Iraqi government $121 million in a lawsuit related to breach of contract to rehabilitate Iraqi army weapons.

According to a Bloomberg report translated by Baghdad Today, Wy Oak Technology, a military-related company, filed a lawsuit against the Iraqi government, seeking $121 million in damages for the contract's suspension.

The Supreme Court affirmed that "Iraq is protected under the U.S. Foreign Immunity Act," noting that this law protects foreign governments from prosecution in such cases, even in the presence of formally signed contracts.

The report added that the court's decision means Iraq retains "immunity," which prevents companies and commercial entities from being sued within the United States, whether for breaches of contract or damages resulting from operating in Iraq.

The roots of this immunity date back to the aftermath of the 2003 invasion of Iraq, when the US Congress passed a special law signed by former President George W. Bush, known as the "Iraq Freedom from Judicial Attachment Act," which granted Iraq exceptional protection from lawsuits and seizures. Experts interpreted this move as maintaining Iraq's status as a "spoiled child" in US politics, amid subsequent presidential successions that ensured this privilege would continue for two full decades.  link 

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

Tishwash:  The Oil Minister affirms the government's support for the Iraq Investment Forum to attract foreign capital.

Deputy Prime Minister and Minister of Oil, Hayan Abdul-Ghani, reviewed today, Thursday, the preparations for the Iraq Investment Forum, stressing the government's support for the Iraq Investment Forum to attract foreign capital.

A statement by the Ministry of Oil stated: "Abdul Ghani met with a delegation from the Preparatory Committee for the Iraq Investment Forum, headed by Ibrahim Al-Masoudi Al-Baghdadi, Chairman of the Iraqi Economic Council and member of the Preparatory Committee."

The statement added that "the Chairman of the Council provided a detailed explanation of the dialogue session for the Ministry of Oil, which is scheduled to be chaired by the Minister of Oil on September 27. During the meeting, investment opportunities presented by the Ministry of Oil were discussed, which aim to attract investments in the oil and gas sector and petroleum industries.

" It continued, "The meeting discussed logistical preparations and preparations related to sending invitations to the relevant ministers, including the Turkish and Lebanese Ministers of Oil."

The Minister stressed "his keenness to support the forum, which reflects the government's direction towards revitalizing the national economy and attracting foreign capital."

The statement indicated that "the meeting was attended by the Executive Director of the Economic Council, Thabet Kazim Al-Safi, and the Assistant Director General of the Economic Department at the National Investment Commission, Hussein Ali Kanbar, in addition to Hazem Al-Shammari from the Media and Relations Department."   link

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

Tishwash:  Abu Raghif inaugurates the e-signature conference in Baghdad to promote digital payments and secure transformation.

The "Activating Electronic Signatures to Support E-Payment" conference kicked off in Baghdad today, Thursday, under the title "Towards a Trusted Digital Environment." The conference, held under the patronage of the Prime Minister and under the supervision of the Central Bank and the Communications and Media Commission, brought together ministries, government institutions, and local and international technology companies.

In his speech during the opening session, which was followed by {Euphrates News}, the Chairman of the Communications and Media Commission, Nofal Abu Ragheef, said: “The conference represents a fundamental step in building a secure digital environment that supports the national economy, under the sponsorship and essential partnership of the Communications and Media Commission as the regulatory body for this vast sector, confirming its tireless pursuit of real partnerships with financial technology (FinTech) companies to develop innovative financial services that respond to the needs of citizens in the digital age.”

Abu Raghif added, "The success of this project requires responsible institutional strengthening of information security, which is the cornerstone of data protection and ensuring digital trust, as well as developing the infrastructure and encouraging informed investment in this field." He emphasized the authority's commitment to implementing applicable legislation, most notably the Electronic Signature and Electronic Transactions Law, in line with international standards and regulations of the International Telecommunication Union.

The Commission Chairman concluded his speech by emphasizing that "digital transformation is no longer just a regulatory option, but rather a national economic necessity," calling for "integrating the efforts of the state, the private sector, and international partners to build a sustainable digital economy that meets the demands of the times and serves the Iraqi citizen."  link

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Mot:  Uh Oh !!!!! 

Mot:  As You Can See!! -- I Am Now Committed !!! 

Iraq Economic News and Points To Ponder Thursday Evening 9-18-25

Central Bank: 6.8 Trillion Dinars In Electronic Collections In 2025

Banks  Economy News – Baghdad  The Central Bank of Iraq revealed that the total government electronic collections through points of sale (POS) during the first eight months of 2025 exceeded six trillion dinars, while the number of employee payroll cards exceeded five million.

The Director General of the Information Technology and Payments Department at the Central Bank of Iraq, Adnan Asaad, said in an interview with Al-Sabah, followed by Al-Eqtisad News:

“The volume of government electronic collections through points of sale so far has reached more than 6.8 trillion dinars in the first eight months of this year,” expecting that “it will exceed 10 trillion dinars by the end of this year, while last year it amounted to about 9 trillion dinars, while collections from gas stations exceeded 750 billion dinars, after it was 465 billion dinars last year.”

He added, "Total government e-collection through various payment instruments has reached approximately 2.1 trillion dinars, while last year it reached approximately 322 billion dinars," noting that "49 ministries and agencies have approved the deployment of e-payment instruments in more than 6,600 formations."

Asaad continued, "The number of domiciled employee cards has reached approximately 5.6 million, while the value of the use of electronic payment systems for real-time settlement has exceeded 200 trillion dinars. Automated clearing has exceeded 35 trillion dinars, and the national switchboard has recorded approximately 20 trillion dinars."

The bank's Director General of Information Technology and Payments explained that "these figures for 2025 reflect the continued expansion in the adoption of electronic payment channels and the development of its infrastructure, in line with the Central Bank's strategic directions and the government's national plans to enhance financial inclusion and digital transformation in Iraq." 09/17/2025   https://economy-news.net/content.php?id=60147

Trade Bank Of Iraq Launches Direct Delivery Service For Electronic Cards

Banks  Economy News – Baghdad  The Trade Bank of Iraq announced today, Thursday, the launch of a direct delivery service for electronic cards.

A statement from the bank, received by Al-Eqtisad News, stated that "to facilitate customers, it has been decided to activate the direct delivery service for electronic cards."

The bank added, "We announce the activation of the electronic card delivery service in Baghdad and all governorates to ensure their safe and timely arrival." https://economy-news.net/content.php?id=60184

Electronic Payment In Iraq: Major Strides, Challenges Ahead

Banks   Iraq is witnessing rapid transformations in the structure of its financial systems, with increasing reliance on electronic payment methods instead of direct cash transactions. This transition is not merely a technical update; it represents a fundamental step toward building a more transparent economy capable of keeping pace with changes in regional and global markets.

From Cash To Card

The Central Bank of Iraq's recent announcement that the number of domiciled employee cards has reached 5.6 million clearly indicates the depth of the ongoing transformation. After years of near-total reliance on cash, large segments of Iraqis—employees and retirees alike—now rely on electronic cards as their primary means of receiving their salaries and conducting transactions.

This step represents a qualitative shift in a country that has long been a prisoner of cash liquidity, with large salaries paid in cash, straining the banking system and increasing security and economic risks.

Leadership And The Role Of Local Companies

Among the companies that pioneered this transformation, Qi Card emerged as the first electronic payments company in Iraq, laying the foundation for a national experience in financial technology. The company launched with a basic service, payroll localization, but has gradually transformed into a major player providing multiple payment and financing services.

Despite the challenges it faced operating in a challenging environment, K-Card's presence helped boost users' confidence in digital services and provided access to groups in villages and rural areas, making electronic payments a part of daily life for a growing segment of Iraqis.

Expansion Of Services

The development did not stop at issuing cards, but included the introduction of services such as:

Biometric update to ensure accuracy of user data.

Electronic advance systems that provide urgent liquidity.

Installment services in universities, hospitals and retail stores.

Point of sale (POS) devices are widespread in markets and shops.

These services have enhanced the added value of the electronic payment sector and connected consumers more deeply to the formal financial system.

User Experience...The Most Important Indicator

The decisive factor in the success of electronic payments was not the number of cards but rather user satisfaction. Employees or retirees who once had to wait hours in bank lines are now able to receive their salary via card quickly and securely.

This user experience has directly impacted the service's popularity. The smoother the process, the higher the uptake. However, challenges still exist in some areas due to poor communications infrastructure or a lack of financial awareness.

Private Sector And Government Orientation

The widespread adoption of electronic payment is not limited to government employees. The government has adopted a clear policy to deploy point-of-sale (POS) devices in various markets, including the private sector, to expand the user base and reduce cash transactions.

Payment companies have responded to this policy by offering cards and services that operate both inside and outside Iraq, giving consumers greater flexibility and putting Iraq on the path to integration into the global financial system.

Figures And Facts

The number of electronic payment cards in Iraq has exceeded 12 million cards.

Thousands of POS devices are now widespread in the market.

A large segment of universities and institutions now rely on digital installment systems.

These figures reflect the magnitude of the change, but they also indicate the extent of the work required to secure infrastructure and update legislation.

New Technology And Applications

With the growing demand for digital solutions, applications like SuperKey have emerged, combining payments, transfers, and government services into a single platform.

These applications not only facilitate financial transactions, but also offer a practical model for integration between the public and private sectors, through services such as paying water and electricity bills or paying government fees electronically.

Challenges That Cannot Be Ignored

Despite these successes, the sector faces a number of challenges, most notably:

Lack of financial awareness among some users, which hinders full access to services.

Internet services are intermittent in some areas, limiting operational stability.

The need for more flexible legislation to keep pace with the development of financial technology.

Competing with traditional banks that still maintain a portion of their cash share.

Towards An Integrated Digital Economy

The success of electronic payment goes beyond facilitating transactions; it also serves as a tool for combating corruption, reducing tax evasion, and promoting financial inclusion. The data generated from millions of transactions represents a wealth of information that can help decision-makers formulate more accurate economic policies.

Iraq's e-payment experience is a growing success story, but it still requires strengthening its infrastructure, developing legislative frameworks, and intensifying financial literacy programs. Between the regulatory role of the Central Bank, investments by local companies like Qi Card, and government efforts to expand the sector, a clear path is taking shape toward a digital economy that could be one of the most prominent features of Iraq's economic development over the next decade. https://economy-news.net/content.php?id=60186

New Drop In Gold Prices In Baghdad

Stock Exchange  Economy News – Baghdad   Iraqi and foreign gold prices fell slightly on Thursday in local markets in the capital, Baghdad.

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of one mithqal of 21 karat Gulf, Turkish and European gold at 736 thousand dinars, and a purchase price of 732 thousand dinars, while yesterday, Wednesday, it recorded 738 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 706,000 dinars, and the buying price was 702,000 dinars.

As for gold prices in jewelers' shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 740,000 and 750,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 710,000 and 720,000 dinars.     https://economy-news.net/content.php?id=60185

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