Iraq Economic News and Points To Ponder Monday Afternoon 10-20-25

Al-Ghariri: Iraq's Negotiations To Join The World Trade Organization Are Ongoing.

Economy | 06:55 - 10/20/2025  Mawazine News - Follow-up:  Minister of Trade Athir Dawood Al-Ghariri confirmed on Monday that Iraq is continuing its negotiations to join the World Trade Organization, noting that regional initiatives are an opportunity to enhance institutional readiness and align legislative and investment frameworks.   https://www.mawazin.net/Details.aspx?jimare=268812

Central Bank: Iraq's Public Debt Is Lower Than That Of The United States And Several Other Arab Countries.

Time: 2025/10/20 19:09:56 Reading: 30 times  {Economic: Al Furat News} The Central Bank of Iraq confirmed on Monday that the external debt curve is declining and that Iraq is within safe limits for public debt. The bank noted that Iraq's public debt-to-GDP ratio stands at 31%, a lower percentage than that of developed countries such as the United States and Japan, and other Arab countries such as Egypt, Algeria, and Morocco.

Samir Fakhri, Director General of the Statistics and Research Department at the Central Bank, said, "Total public debt is divided into domestic and external debt. Domestic debt, as of the end of last September, amounted to 90.6 trillion dinars."

He added, "The domestic debt is divided into more than 50% in favor of the Central Bank, and less than 50% in favor of banks, whether private or government-owned," indicating that "the majority of the debt owed to banks is owed to government-owned banks, i.e., from government to government."

He pointed out that "the external debt has reached $54 billion, and is divided into three parts: the largest part, namely $40.5 billion, dates back to before 2003. It is a suspended debt, and we are not currently bearing any burdens on it, whether interest or debt service, from 2003 until today."

He continued, "The second part is the Paris Club debt, which amounted to $120 billion, 80% of which has been written off, leaving $24 billion. With what Iraq has paid, only $3.8 billion remains, which was supposed to be covered until the end of 2028." We note here that the external debt curve is declining.

He pointed out that "the third portion amounts to approximately $10 billion, and is related to investment spending. It is a long-term debt of twenty years, owed to a group of countries and organizations, including Japan's JICA, Germany's Siemens, Spain, and Britain.

Thus, the total debt amounts to approximately $10 billion. If we exclude the forty and a half billion, the remaining amount is approximately $13 billion."

He emphasized that "if we convert these debts into dollars multiplied by the current exchange rate and add them to the domestic debt, the total debt-to-GDP ratio would reach approximately 43%. However, if we exclude the suspended debt of $40 billion, the public debt ratio would be around 30 to 31% of GDP."

Regarding financing the three-year budget deficit, Fakhri explained that “the deficit within the budget law was approved by Parliament for a period of three years. It is a planned deficit, not an actual one, of approximately 64 trillion dinars per year, meaning a total of 192 trillion dinars for the three years. What was actually spent as real debt is approximately 35 trillion dinars.

” He indicated that “if we divide 35 trillion by the planned deficit, the percentage will be approximately 18.2%,” noting that “the debt was 56 trillion dinars until the end of 2022, and from 2022 until today, 35 trillion has been added to it, bringing the total to approximately 90.6 trillion dinars that we mentioned.”

He added, "One of the most important indicators of monetary policy is the consumer price index (inflation), which is currently close to zero. If we compare it with neighboring countries like Iran and Turkey, we find a clear difference in inflation rates between them and Iraq, in addition to the exchange rate gap."

He stressed that "the focus must be on financing the deficit, so it must be directed towards investment spending, as this leads to growth in non-oil revenues."

Fakhry touched on some of the debt ratios in neighboring countries, noting that "in Egypt, public debt amounts to 90% of GDP, in Algeria: 49%, in Morocco: 70%, in Lebanon: 160-170%, and in Saudi Arabia: 29%, despite being a strong and industrially advanced economy."

He pointed out that "major industrialized countries, such as the United States, have a public debt of 120%, while Japan's debt ratio is 250%."  LINK

Iraq's Debt Is Within Safe Limits And Does Not Constitute A Burden On The Economy.

October 19, 2025  Baghdad - Qusay Munther  The Central Bank of Iraq revealed that Iraq's debt remains within safe limits and does not constitute a burden on the national economy.

A statement received by Al-Zaman yesterday stated that, “Within the framework of financial transparency and to clarify what is included in the public debt and deficit data, the Central Bank would like to clarify what was reported in the media, that the planned deficit in the three-year general budget law approved by the House of Representatives for the three years amounted to 91.5 trillion dinars, while the actual deficit for the three years mentioned amounted to 35 trillion dinars, which was covered internally with bonds and transfers and in accordance with the chapters included in the budget law.

” It added that, “Actual borrowing amounted to 18.2 percent of the planned deficit included in the budget law, reflecting the high level of coordination between the government and the Central Bank in controlling the public debt and its failure to reach the high levels included in the budget law.

” It continued, “The external debts due do not exceed 13 billion dollars after excluding the outstanding and unclaimed debts of the former regime, and Iraq has not defaulted on any obligation, maintaining an excellent financial reputation regionally and internationally in this regard.”

 It indicated that, “The internal debt of 91 trillion dinars represents 56 trillion dinars accumulated until the end of 2022.” The added amounts are 35 trillion dinars of debt for the three years, and most of the domestic debt is within the government banking system.

The statement explained that (due to the existence of government accounts and deposits in government banks, specialized committees and international consulting firms are working to convert part of this debt into investment tools within a national fund to manage the domestic debt with the aim of transforming obligations into investment opportunities), stressing that (the ratio of public debt to GDP did not exceed 43 percent, and this ratio, according to internationally recognized classification, is moderate and within safe limits and does not constitute a burden on the economy).

 The bank reiterated its confirmation that (it is working to provide an integrated vision of financial sustainability for the coming years that supports the government’s directions in comprehensive reform to diversify the economy and maximize non-oil revenues as an alternative to sole reliance on oil revenues and avoiding a financial deficit).

The bank also warned retirees against dealing with entities and individuals claiming to represent it, with the aim of defrauding them and stealing their data.

The statement said, “The bank warns citizens, especially retirees, against dealing with any entities or individuals impersonating or claiming to represent the Central Bank, and requesting personal data or official documents such as retirement IDs or financial information.

” It stressed that “any licensed financial institution does not request any information from citizens related to their cards, accounts, or financial data, and does not provide loans or request documents via social media or by phone call.” It continued, “Any request of this type is considered an attempt at fraud and deception aimed at exploiting citizens and stealing their data.

” It stressed, “Please do not provide any unofficial entity with any personal or financial information, and immediately report any suspicious contact or message through the official channels of the Central Bank or the competent security authorities.”  LINK

 

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

Seeds of Wisdom RV and Economics Updates Monday Afternoon 10-20-25

Good Afternoon Dinar Recaps,

When Innovation Meets Control: China’s Pause on Hong Kong Stablecoins

Ant Group and JD.com halt plans after Beijing asserts monetary authority.

Overview

Two of China’s biggest tech giants — Ant Group and JD.com — have paused their plans to issue stablecoins in Hong Kong, following quiet guidance from Beijing regulators. The decision underscores growing tension between China’s drive for digital innovation and its insistence on state control over currency.

According to the Financial Times, both firms received instructions from the People’s Bank of China (PBoC) and the Cyberspace Administration of China (CAC) to suspend their Hong Kong initiatives. The question, said one source, is simple but fundamental: “Who has the right to issue money — the central bank or private firms?”

The Setback for Hong Kong’s Fintech Ambitions

Hong Kong launched its stablecoin licensing regime in August to attract Web3 and tokenization projects. Initially, mainland officials saw it as an opening to promote renminbi-pegged tokens and boost the yuan’s international use.

But enthusiasm cooled fast. Regulators in Beijing reportedly grew uneasy as some stablecoin ventures posted double-digit losses shortly after the rules took effect. China’s securities watchdog then instructed several brokerages to pause real-world asset tokenization as well — another signal that the central government is tightening oversight of digital-asset experiments.

Why It Matters

This pause reveals three critical themes shaping the region’s financial future:

• Monetary Sovereignty: Beijing’s priority is clear — control over money creation must stay with the state. Private stablecoins could blur that line and compete with the digital yuan (e-CNY).

• Testing the Limits of Hong Kong’s Autonomy: While Hong Kong markets itself as Asia’s Web3 hub, this episode shows how quickly mainland policy can override its local fintech initiatives.

• Signal to Global Markets: China’s stance adds to a broader global shift where governments seek tighter reins on privately issued digital money, balancing innovation with systemic risk.

The Bigger Picture

China is not retreating from digital finance — it’s redefining who leads it. The pause on stablecoins doesn’t end tokenization efforts but re-centers them under state-linked or bank-controlled entities, keeping fintech aligned with national strategy.

For global investors, it’s a reminder that in modern finance, innovation operates within political boundaries.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Financial Times

• Reuters

• CoinTelegraph

• Finews Asia

• Reuters (Sept 2025 RWA report)

~~~~~~~~~
Global Financial Order Under Strain as Geopolitical Fragmentation Deepens
The end of postwar financial integration may be closer than expected.

A Fracturing Monetary Landscape

A new report from the Centre for Economic Policy Research (CEPR), the 28th Geneva Report on the World Economy, warns that rising geopolitical tensions are eroding the foundations of the global financial system that has existed since World War II.

According to the report, strategic competition—particularly between the West and China—combined with sanctions and protectionist measures is accelerating international financial fragmentation.
This fragmentation marks a departure from the decades-long era of liberalized, rules-based globalization that once defined international finance.

From Integration to Geoeconomic Fragmentation

The authors of the Geneva Report argue that the “deep global financial integration without regard to geopolitics” that characterized the postwar era is being replaced by a period of “geoeconomic fragmentation.”

This transition is visible in three key areas:

• Capital Flows: Investments are increasingly concentrated within geopolitical blocs, reducing global allocative efficiency.

• Crisis Response: Coordination among major economies has weakened, limiting joint responses to shocks such as banking crises or currency volatility.

• Policy Divergence: Sanctions, reshoring, and “friend-shoring” are reshaping both trade and financial networks.

Why This Matters

The implications reach far beyond finance:

• For businesses, the rise in geopolitical barriers means greater uncertainty in global supply chains, volatile exchange rates, and tighter cross-border investment conditions.

• For governments, fragmentation introduces instability into crisis management and capital allocation, increasing the risk of systemic shocks.

• For emerging markets, the challenge is most acute — nations may face pressure to align with specific blocs or risk exclusion from capital access and payment systems.

What to Watch

• Alternative Payment Systems: Will BRICS and other regional blocs develop competing financial infrastructures to the U.S. dollar system?

• Alliance Consolidation vs. Openness: Do states double down on bloc-based cooperation or attempt to sustain a degree of global openness?

• Emerging Market Realignment: How developing economies navigate these rival frameworks may shape the next decade of financial globalization.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Source

• CEPR: Geopolitical tensions and international financial fragmentation — 28th Geneva Report on the World Economy

~~~~~~~~

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With The Rise Of The Chinese Yuan And Local Currency Settlements, Can Iraq Dispense With The Dollar?

With The Rise Of The Chinese Yuan And Local Currency Settlements, Can Iraq Dispense With The Dollar?

Monetary Dependence  Economy / Arab and International / Special Files Yesterday, 4:06 PM | 872  Baghdad Today – Baghdad  The modern Iraqi economy was formed on the basis of a single-source oil rent,  entirely dependent on the sale of crude oil and the   settlement of revenues in US dollars.
 
This pattern made Iraqi monetary policy    directly dependent on the US financial system, with revenues deposited in accounts at the Federal Reserve Bank of New York and   managed according to international regulatory arrangements   linked to   financial compliance and    anti-money laundering programs.

According to economic studies issued by the   World Bank and the  International Monetary Fund,    approximately 90 to 95 percent of Iraq's public revenues come from oil,  making  any fluctuation in the dollar or a decline in global demand for oil a  a direct threat to   liquidity and the   general budget.
 
Financial economists point out that the Central Bank of Iraq does not have absolute freedom to manage its reserves, as most of its transactions are restricted to    US transfer networks, and the       global SWIFT system closely monitors financial transfers,   preventing any parallel transactions outside the dollar system.
 
According to recent academic estimates,  excessive reliance on the dollar has created a distorted import environment,   with the Iraqi market tending toward consuming foreign goods     without boosting domestic production.
 
This has   deepened economic exposure and   tied the domestic financial cycle      to fluctuations in US monetary policy.
 
In contrast,   China has been working  for more than a decade   to build a parallel financial system   that would challenge the dollar's dominance,   by expanding the use of the yuan in international trade and     establishing alternative financial institutions such as the new       Asian Development Bank and the   China Payments System (CIPS).
 
In 2023, Beijing announced that   more than 52.9 percent of its cross-border transactions were settled in yuan,      surpassing the dollar for the first time in modern history.
 
While this percentage reflects a gradual shift   rather than a sudden reversal,    it points to a fundamental shift in the balance of global financial influence.
 
International economics researchers believe that   China's agreement with Australian company BHP       to settle iron ore trade in yuan    represents a pivotal moment in the history of global trade, as   it removes one of the world's most traded commodities     from the dollar.
 
This move, along with a series of similar agreements with other countries,   most notably Russia and Saudi Arabia,      indicates that the yuan    is beginning to transform   from a local currency into a strategic settlement tool in the international trade system.
 
Beijing has also relied on    comprehensive institutional tools   to bolster market confidence in the yuan,  such as   linking the currency to a strong gold reserve system and    ensuring its stability through prudent monetary policies.
 
This has made it an increasingly attractive option    for countries seeking alternatives to the dollar     amid crises of US sanctions and restrictions.  

Iraq's Position In The Transformation Equation
 
Although Iraq was one of the first oil-producing countries    to open up trade to China,    its position in the global monetary transition remains extremely weak.  Baghdad's banking structure remains traditional    and relies almost entirely on dollar transfers via the US system.
 
Economic researcher Othman Karim confirmed to Baghdad Today that the    idea of ​​abandoning the dollar       "is illogical at the present time," noting that Iraq "sells oil and receives revenues through the US Federal Reserve,   and currently has no realistic mechanism       for settling its transactions in another currency."
 
He adds that the shift to the yuan requires   "a radical change in monetary policy, the      signing of direct banking agreements with China, and the         development of intermediary electronic payment tools             that can bypass US restrictions."
 
According to economists, the challenge in Iraq is twofold:   technical,       related to the absence of an independent financial transfer structure, and   political, related to      US pressure and      Iraq's close ties to the Western system for managing its finances.
 
Trade with China, despite its size, remains settled in dollars, as   Iraqi companies do not have accredited accounts with Chinese banks.
 
Analysts believe that any serious attempt to transition to the yuan   requires      profound institutional reform of the central bank,      enhanced financial transparency, and the      establishment of a dual reserve in yuan and gold         as a preliminary step toward monetary diversification.
 
While it is difficult to completely sever the link to the dollar,   some experts do not rule out a partial move toward monetary diversification,      through limited agreements with China    to settle a portion of non-oil imports in yuan.
 
Given China's increasing openness to the Middle East and   its signing of yuan-denominated settlement agreements      with Saudi Arabia and the UAE,   Iraq could consider establishing a trade barter mechanism   under which it would import Chinese goods in exchange for oil exports,   without having to use the dollar.
 
Some monetary researchers also suggest that   Baghdad begin allocating       a portion of its foreign exchange reserves in yuan,      as a symbolic step to expand financial diversification,    while developing banking agreements with the People's Bank of China      to facilitate direct transfers.
 
However, these paths remain subject to complex political factors,   most notably the relationship with Washington and the   fear that any move toward China could be      interpreted as a step toward an anti-Western geopolitical axis.
 
Ultimately, economic analysis shows that completely eliminating the dollar in Iraq   is not possible in the      short or      medium term,         but it remains a long-term strategic goal in light of global changes.
 
Iraq, as a dependent rentier economy,   needs to first build its production and commercial independence    before considering monetary independence.

While the rise of the yuan opens    a window for rebalancing the international financial system,   it does not negate the fact that the   dollar still holds the  deepest and    most widespread structure.
 
Therefore, in the coming period,   Iraq will remain governed by the duality of monetary and political power:      adopting the dollar as the primary currency for governing the state,    while closely monitoring the transformations taking place in the East,   where China is rewriting the equation of global financial influence,   step by  step .         https://baghdadtoday.news/285422-.html

Seeds of Wisdom RV and Economics Updates Monday Morning 10-20-25

Good morning Dinar Recaps,

Markets Balance Optimism and Caution as Global Risks Shift

From strong dollars to shaken banks, today’s markets show how power and trust move through money.

Currencies: Political Winds Move the Yen

The U.S. dollar strengthened against the Japanese yen while holding steady versus the euro.

• Analysts tie the yen’s weakness to political momentum in Japan, where Sanae Takaichi has emerged as the frontrunner to become the next prime minister.
• Meanwhile, the EUR/USD pair remains locked in a narrow range, with weaker-than-expected German producer inflation data dampening upward pressure.

Why This Matters:
Currency moves reflect both macroeconomic data (like inflation and growth) and political risk. A weaker yen can boost Japanese exporters, while cross-currency volatility adds uncertainty to trade flows and global supply chains.

Commodities: Gold Finds Its Footing

Spot gold prices rose modestly in Asian trading, stabilizing after earlier volatility sparked by U.S.–China trade jitters. The yellow metal’s resilience near recent highs reflects persistent investor caution, even as equity markets attempt recovery.

Why This Matters:
Gold acts as a safe-haven asset when investors sense instability. Its steady climb signals that inflation, geopolitical tension, and currency swings continue to shape market psychology beneath the surface.

Emerging Markets: Indian Banking Attracts Global Capital

Shares of RBL Bank surged to a five-year high after Emirates NBD of Dubai acquired a US $3 billion stake in the Indian lender.
• The move underscores foreign confidence in India’s financial sector and could spark similar cross-border transactions.
• For emerging markets, it’s a clear indicator that capital is chasing reform-driven growth stories.

Why This Matters:
Large cross-border deals reflect where global liquidity is flowing. Such investments highlight trust in emerging-market resilience and the search for diversification beyond mature Western banking systems.

Financial Stability: Panic in Cambodia’s Prince Bank

Reports from regional media indicate Prince Bank in Cambodia faced panic withdrawals after its owner was accused of involvement in a regional cybercrime and money-laundering network.
• The episode exposes vulnerabilities in regional banking oversight.
• Even localized crises can dent broader investor confidence, especially when linked to financial integrity.

Why This Matters:
Banking stability hinges on trust. When that erodes—through corruption, mismanagement, or weak regulation—the result can be contagion across borders, pressuring other small-market lenders and regulators alike.

Global Outlook: Balancing Confidence and Caution

Across currencies, commodities, and banking, investors are navigating a split-screen world:

• Optimism driven by emerging-market investments and potential cooling in inflation data.

• Caution amid political transitions, financial scandals, and uneven global growth.

Upcoming inflation readings from the U.S. and Europe, central-bank guidance, and evolving geopolitical dynamics will steer sentiment into year-end.

Why This Matters:
Today’s mixed signals—currency shifts, gold’s stability, and contrasting banking headlines—show that financial power is redistributing, not just reacting. Each move shapes how nations, investors, and markets adapt to a new phase of global realignment.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:
Reuters | Investing.com | VnExpress International

~~~~~~~~~
Freeze Line or Fall: Trump Presses Zelenskiy to Accept Russia’s Gains
Behind closed doors, Washington’s tone toward Kyiv turns from support to settlement.

Inside the Room: Ceasefire or Capitulation

A tense Friday meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy has revealed a striking policy reversal. According to multiple sources briefed on the talks, Trump urged Kyiv to “make a deal where we are, on the demarcation line” — effectively freezing the war along existing frontlines and recognizing Russian territorial gains.

  ● Trump reportedly declined to provide Tomahawk missiles and suggested “security guarantees to both Kyiv and Moscow,” leaving Ukrainian officials stunned.
  ● The tone was described as “tense and profane,” with one source claiming Trump warned, “Your country will freeze, and your country will be destroyed if you don’t make a deal.”
  ● The discussion reportedly followed a phone call between Trump and Vladimir Putin, during which the Russian leader proposed a territorial swap — Ukraine would surrender Donetsk and Luhansk in exchange for limited areas of Zaporizhzhia and Kherson.

Policy Reversal and Global Ripples

Only weeks earlier, after the UN General Assembly in September, Trump had publicly speculated that Ukraine “might take back all of its territory.” The Friday shift signals a pivot from liberation to limitation — one prioritizing a quick end to the conflict over full sovereignty for Ukraine.

  ● The proposed freeze would validate Russia’s territorial gains and could fracture NATO’s unity.
  ● U.S. Special Envoy Steve Witkoff reportedly echoed Moscow’s talking points, emphasizing “Russian-speaking populations” in Donetsk and Luhansk as justification for ceding control.
  ● Ukrainian officials called the idea “suicidal”, warning it would make central Ukraine indefensible in a future offensive.

Western capitals are uneasy. European diplomats told The Guardian the episode suggests a U.S. pivot that could reshape NATO cohesion and “redefine Europe’s security map.”

The Strategic Stakes

For Kyiv, the meeting felt like betrayal. Zelenskiy — who once counted on bipartisan American support — now faces dwindling leverage amid fatigue in Western capitals.

  ● Ukraine’s military leaders warn that a frozen conflict could cripple morale and funding, while handing Moscow time to rebuild.
  ● Analysts from the Carnegie Endowment caution that any territorial compromise “cements a dangerous precedent in international law” and risks emboldening autocratic regimes.
  ● Washington’s internal debate pits those seeking “peace now” against hawks warning that appeasement would invite greater aggression later.

Next Flashpoint: Budapest

Trump and Putin are expected to meet in Budapest in the coming weeks, where discussions may outline a “peace framework.” Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Marco Rubio are reportedly preparing the groundwork.

  ● A deal freezing the war along current lines could redraw global alignments, shifting power toward Moscow and testing Western resolve.
  ● European leaders, particularly in Berlin and Warsaw, warn such an agreement would “undermine the moral foundation of post-Cold War security.”

Zelenskiy has said he would attend a Budapest summit “if invited,” signaling Ukraine’s desire to remain diplomatically engaged even amid dwindling leverage.

Why This Matters

The U.S. role in global security has always rested on credibility. If Washington now signals that territorial conquest can be legitimized through negotiation, the implications reach far beyond Ukraine:

  ● Taiwan, the Baltics, and the South China Sea will all watch closely.
  ● Investors and defense markets already anticipate a recalibration of risk in Eastern Europe, with sovereign-bond spreads widening on Ukrainian debt.
  ● Analysts warn that global confidence in U.S. deterrence — financial and military — could erode.

As one European diplomat told Reuters: “If America trades land for peace, every frontier becomes negotiable.”

Conclusion

The Trump–Zelenskiy meeting may be remembered as a turning point: either a pragmatic step toward ending the world’s most volatile conflict or a prelude to a more dangerous equilibrium — one where power redraws maps faster than diplomacy can react.

For Kyiv, the challenge is existential. For Washington, it is about the cost of credibility.
This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources & Further Reading:

• Reuters: Trump urged Zelenskiy to make concessions to Russia in tense meeting

• The Guardian: Zelenskyy calls for more US Patriot air defences after Trump sides with Putin

• Modern Diplomacy: Trump Pressures Zelenskiy to Cede Land to Russia in Tense Meeting

• Additional sources: Politico EU, Al Jazeera, Carnegie Endowment, Foreign Policy

~~~~~~~~~

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Iraq Economic News and Points To Ponder Monday Morning 10-20-25

Nizar Haidar Reveals: The Currency Auction Has Not Stopped Yet. Is The Government Silent About The Violations?
 
October 20, 2025 Last updated: October 20, 2025   Al-Mustaqilla/- Political analyst Nizar Haider revealed in a television interview  interesting information about the continued operation of the   currency auction platform in Iraq,  despite the government's announcement   and Prime Minister Mohammed Shia al-Sudani's  promises to halt it as of January 1, 2025.
 
According to Haider, the Central Bank of Iraq   continues to sell dollars through the auction platform,  in clear violation of government directives.

The government has repeatedly announced   its intention to end this controversial mechanism,  which has long been the subject of accusations of corruption and   waste of public funds. 
 
Haider explained that   the amount of money traded in the auction so far exceeded $70 billion,  which he described as  "reflecting the persistence of the old financial system that Al-Sudani promised to dismantle but has so far been unable to do so."
 
This revelation comes amid escalating public and parliamentary debate over the Central Bank's policies and its role in controlling the exchange rate.
 
It also raises growing doubts about the viability of the current platform,  which many experts view as a gateway for transferring hard currency abroad.
 
Meanwhile, the Central Bank of Iraq has yet to issue an official comment on these accusations,  amid growing questions about the   government's seriousness in implementing its decision  to halt the currency auction   and the real reasons behind the platform's continued operation.      https://mustaqila.com/نزار-حيدر-يكشف-المزاد-العملة-لم-يتوقف-ح/    

The Central Bank Announces That The Public Debt Ratio Does Not Exceed 43 Percent And Is Within Safe Limits.
 Sunday, October 19, 2025 | Economic     Number of readings: 277  Baghdad/ NINA / The Central Bank of Iraq announced that  the public debt ratio does not exceed 43 percent,   indicating that it is within safe limits. The bank said in a statement today, Sunday:   

“In the framework of financial transparency and  to clarify what is included in the public debt and deficit data, the Central Bank of Iraq would like to clarify what was reported in the media,  that the planned deficit in the three-year general budget law approved by the  House of Representatives for the years (2023, 2024, 2025)      amounted to 191.5 trillion dinars,  while the actual deficit for the three years mentioned      amounted to 35 trillion dinars,  which was covered internally with bonds and transfers   and in accordance with the chapters included in the budget law.”  

He pointed out that "actual borrowing reached 18.2% of the planned deficit    stipulated in the budget law,reflecting the high level of coordination between the government and the Central Bank of Iraq   in controlling public debt and   preventing it from reaching the high levels stipulated in the budget law." 

He added,  "The external debts due do not exceed $13 billion after excluding   (the outstanding and unclaimed debts of the former regime), and Iraq has not defaulted on any obligation,   maintaining an excellent financial reputation      regionally and         internationally in this regard."

He indicated that  "the internal debt of 91 trillion dinars represents 56 trillion dinars    accumulated until the end of 2022,and the added amounts are 35 trillion dinars of debts    for the years (2023, 2024, 2025), and   most of the internal debt is within the government banking system."  

He pointed out that "given the government's accounts and deposits in state-owned banks,   specialized committees and   international consulting firms     are working to convert    a portion of these debts into investment vehicles         within a national fund to manage domestic debt,   with the aim of transforming obligations into investment opportunities." 

He emphasized that  "the ratio of public debt to GDP did not exceed 43%, and  this ratio - according to internationally recognized classification –   is moderate and     within safe limits, and     does not constitute a burden on the economy.

"  He added:  "The Central Bank of Iraq is working to present a   comprehensive vision for financial sustainability for the coming years,   supporting the government's comprehensive reform efforts    to   diversify the economy and    maximize non-oil revenues   as an alternative to sole reliance on oil revenues and     avoiding a fiscal deficit."    
https://ninanews.com/Website/News/Details?key=1257729   

Mazhar Saleh: The External Debt Does Not Exceed $9 Billion, And Its Settlement Is Being Carried Out With High Transparency.
 
    Time: 10/19/2025 15:56:44 Reading: 60 times   {Local: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih,  confirmed on Sunday that there is a vague picture regarding the  interpretation of Iraq's foreign debt, indicating that  the foreign debts due until 2028 do not currently exceed $9 billion,  a commitment that likely constitutes half of the country's total foreign debt.
 
Saleh explained in an interview with Al Furat News Agency that   "there are coordinated payment mechanisms between the  Ministry of Finance and the  Central Bank of Iraq,  which are highly governed and transparent.
 
They are settled annually with precision  within a strict program and allocations in the federal general budget,  and are periodically extinguished with the international creditor community." 

He added that  "the total external debt does not exceed what was mentioned above,  and what was mentioned in the letter of the Central Bank of Iraq recently  and circulated in the media about the inflated amounts regarding Iraq's external debt,  requires a lot of explanation and shedding of light, indicating that
 
Iraq is not obligated to pay the outstanding portion of it amounting to $41 billion  that was traded as a real external debt, while in reality it is not,  because the aforementioned balance is subject  to the settlements of the Paris Club agreement of 2004,  which undertook to write off 80% or more of that external debt,  explaining that the balance relates to financing the Iraq-Iran war,  and all of them  are considered pre-1990 debts under the Paris Club agreement." 

He explained that   "the domestic debt referred to in the Central Bank's letter  is the result of the accumulation of financial, security, and health crises  that the Iraqi economy has been exposed to over the past decade,  since the war on ISIS terrorism.
 
This has been accompanied in recent years by  severe international geopolitical factors  that have exposed global oil markets to a price decline  due to the slowdown in global economic growth.

"  Saleh pointed out that  "the borrowing undertaken by the current government  as domestic debt constitutes only 18% of the total precautionary domestic debt  included in the federal general budget (the three-year budget)  pursuant to Law No. 13 of 2023 for the years 2023-2025,  indicating that the domestic debt,  amounting to approximately 91 trillion dinars,  is mostly held by the government banking system and  under high-level financial and technical management." 

He pointed out that  "specialized committees, in cooperation with international consulting firms,  are working to convert a large portion of the domestic public debt  into productive investment vehicles  within a national fund for domestic debt management,  with the aim of stimulating the real economy and  transforming debt obligations into investment opportunities  in the real sector of the Iraqi economy." 

Saleh concluded by pointing out that  the country is currently experiencing its most stable period,  thanks to the strength of foreign reserves held by monetary policy,  which play a significant role in  stabilizing the purchasing power of the Iraqi dinar and  achieving sustainable development.  https://alforatnews.iq/news/مظهر-صالح-الدين-الخارجي-لا-يتجاوز-9-مليارات-دولار-وتسويته-تتم-بشفافية-عالية   

A 5-Point Explanation That Demolishes The Assumptions Of Deficit And Public Debt
 Local -- A responsible government source revealed on Sunday that the  government has succeeded in reducing the deficit,  while pointing out that some are trying to hold the government  responsible for the debts of the previous era.  The source said,
 
"Based on the recent statement issued today by the Central Bank  regarding the deficit, debt, and cash reserves,  and to clarify what has been raised in some media outlets  and on social media over the past two days,  we would like to clarify the following facts to the public:
 
1- The latest statement issued by the Central Bank of Iraq  clearly confirmed that the total external debts due   do not exceed (13) billion dollars,  noting that about (4) billion dollars of them   represent debts dating back to before 2003,  and were subsequently rescheduled and settled   according to financial arrangements  agreed upon with the creditors.
 
Note that more than half of the total external debts are not due before 2028.
 
2- Unfortunately, some are trying to hold the current government responsible  for the debts of the previous era (the debts of the previous dictatorial regime),  which exceeded (40) billion dollars, and which are not due for repayment, as  they are being settled or significantly reduced  within the framework of the Paris Club, or other relevant international agreements.
 
3- The Central Bank's statement showed that the planned deficit  in the three-year general budget law (2023-2025) amounted to  approximately 191.5 trillion dinars,   while the actual deficit during the same period  amounted to only about 35 trillion dinars.
 
This means that the government succeeded in reducing the deficit by a very significant percentage compared to what the  House of Representatives approved in the budget law.
 
Only 18% of the planned deficit has been financed, which is a major financial achievement that reflects the discipline of financial policy and the rational management of resources.
 
4- The Central Bank indicated that the public debt-to-GDP ratio  does not exceed 43%, a safe percentage by international standards.  

Furthermore, Iraq has not defaulted on any external obligations, thanks to ongoing coordination between the    Ministry of Finance and the    Central Bank.
 
Iraq's position toward external creditors is among the best in the region, as it enjoys a solid financial reputation and high credibility in fulfilling its international obligations.

The source also indicated that  5- the government has formed specialized technical committees, with the assistance of international consulting firms, to restructure the public debt.
 
The committees have completed the first phase of their work and submitted recommendations addressing  approximately 20 trillion dinars, which will be converted into investment vehicles,  awaiting approval by the Council of Ministers.
 
This is an important step taken by the current government and  represents a new and different approach to  public debt management from previous policies, as it aims to transform financial obligations  into productive investment opportunities  that support economic growth and enhance financial sustainability.

He stressed that  "these indicators—which have been distorted by those  who seek to distort their true nature— reflect the current government's success in  significantly reducing the fiscal deficit and  reducing reliance on borrowing, while maintaining the stability of foreign exchange reserves and enhancing Iraq's financial reputation internationally."

He explained that  "restructuring the public debt and  converting a portion of it into investment vehicles represents a qualitative step within the  path of sustainable financial and economic reform that the government is working to implement." 

He explained that "these measures are part of the government's approach   aimed at enhancing financial sustainability,  strengthening confidence in the state's monetary and fiscal policy, and maintaining high levels of foreign exchange reserves,  which are among the highest in Iraq's modern history."    https://economy-news.net/content.php?id=61350    

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

“Tidbits From TNT” Monday Morning 10-20-2025

TNT:

Tishwash:  The electronic payment system has stopped in most Iraqi government departments - Urgent

 A Baghdad Today correspondent reported that the electronic payment system was suspended in most government departments in Iraq on Monday morning (October 20, 2025), disrupting citizens' transactions and delaying the disbursement of some financial dues.

According to information received by our correspondent, the outage affected electronic payment systems, halting transfers at a number of service institutions and ministries. Technical teams are now working on maintenance to restore the system.

A Baghdad Today correspondent indicated that the relevant authorities expect service to be gradually restored over the coming hours after the technical inspection is completed.  link

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Tishwash:  Iraq boosts its gold reserves to 162.5 tons

Iraq continues to boost its gold reserves, with stored quantities increasing from 100 tons to 162.5 tons in recent years, according to an economic expert.

Expert Abdul Rahman Al-Mashhadani explained in a statement to Al-Furat News that: "Iraq continues to purchase gold to bolster its national reserves, although the quantities acquired remain limited compared to the ambitious plans to enhance financial stability."

He pointed out that "increasing gold reserves represents an important step towards strengthening the national economy and supporting financial liquidity, as well as being a strategic safety factor in the face of global market volatility."

Al-Mashhadani emphasized that "Iraq pays special attention to gold as part of its economic policy, as it is an important tool for diversifying assets and protecting reserves from potential economic and financial risks."  link

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Tishwash:  With the rise of the Chinese yuan and local currency settlements, can Iraq dispense with the dollar?

 The modern Iraqi economy was formed on the basis of a single-source oil rent, entirely dependent on the sale of crude oil and the settlement of revenues in US dollars.

This pattern made Iraqi monetary policy directly dependent on the US financial system, with revenues deposited in accounts at the Federal Reserve Bank of New York and managed according to international regulatory arrangements linked to financial compliance and anti-money laundering programs.

According to economic studies issued by the World Bank and the International Monetary Fund, approximately 90 to 95 percent of Iraq's public revenues come from oil, making any fluctuation in the dollar or a decline in global demand for oil a direct threat to liquidity and the general budget.

Financial economists point out that the Central Bank of Iraq does not have absolute freedom to manage its reserves, as most of its transactions are restricted to US transfer networks, and the global SWIFT system closely monitors financial transfers, preventing any parallel transactions outside the dollar system.

According to recent academic estimates, excessive reliance on the dollar has created a distorted import environment, with the Iraqi market tending toward consuming foreign goods without boosting domestic production. This has deepened economic exposure and tied the domestic financial cycle to fluctuations in US monetary policy.

In contrast, China has been working for more than a decade to build a parallel financial system that would challenge the dollar's dominance, by expanding the use of the yuan in international trade and establishing alternative financial institutions such as the new Asian Development Bank and the China Payments System (CIPS).

In 2023, Beijing announced that more than 52.9 percent of its cross-border transactions were settled in yuan, surpassing the dollar for the first time in modern history. While this percentage reflects a gradual shift rather than a sudden reversal, it points to a fundamental shift in the balance of global financial influence.

International economics researchers believe that China's agreement with Australian company BHP to settle iron ore trade in yuan represents a pivotal moment in the history of global trade, as it removes one of the world's most traded commodities from the dollar. This move, along with a series of similar agreements with other countries, most notably Russia and Saudi Arabia, indicates that the yuan is beginning to transform from a local currency into a strategic settlement tool in the international trade system.

Beijing has also relied on comprehensive institutional tools to bolster market confidence in the yuan, such as linking the currency to a strong gold reserve system and ensuring its stability through prudent monetary policies. This has made it an increasingly attractive option for countries seeking alternatives to the dollar amid crises of US sanctions and restrictions.

Iraq's position in the transformation equation

Although Iraq was one of the first oil-producing countries to open up trade to China, its position in the global monetary transition remains extremely weak. Baghdad's banking structure remains traditional and relies almost entirely on dollar transfers via the US system.

Economic researcher Othman Karim confirmed to Baghdad Today that the idea of ​​abandoning the dollar "is illogical at the present time," noting that Iraq "sells oil and receives revenues through the US Federal Reserve, and currently has no realistic mechanism for settling its transactions in another currency."

He adds that the shift to the yuan requires "a radical change in monetary policy, the signing of direct banking agreements with China, and the development of intermediary electronic payment tools that can bypass US restrictions."

According to economists, the challenge in Iraq is twofold: technical, related to the absence of an independent financial transfer structure, and political, related to US pressure and Iraq's close ties to the Western system for managing its finances.

Trade with China, despite its size, remains settled in dollars, as Iraqi companies do not have accredited accounts with Chinese banks. Analysts believe that any serious attempt to transition to the yuan requires profound institutional reform of the central bank, enhanced financial transparency, and the establishment of a dual reserve in yuan and gold as a preliminary step toward monetary diversification.

While it is difficult to completely sever the link to the dollar, some experts do not rule out a partial move toward monetary diversification, through limited agreements with China to settle a portion of non-oil imports in yuan.

Given China's increasing openness to the Middle East and its signing of yuan-denominated settlement agreements with Saudi Arabia and the UAE, Iraq could consider establishing a trade barter mechanism under which it would import Chinese goods in exchange for oil exports, without having to use the dollar.

Some monetary researchers also suggest that Baghdad begin allocating a portion of its foreign exchange reserves in yuan, as a symbolic step to expand financial diversification, while developing banking agreements with the People's Bank of China to facilitate direct transfers.

However, these paths remain subject to complex political factors, most notably the relationship with Washington and the fear that any move toward China could be interpreted as a step toward an anti-Western geopolitical axis.

Ultimately, economic analysis shows that completely eliminating the dollar in Iraq is not possible in the short or medium term, but it remains a long-term strategic goal in light of global changes.

Iraq, as a dependent rentier economy, needs to first build its production and commercial independence before considering monetary independence. While the rise of the yuan opens a window for rebalancing the international financial system, it does not negate the fact that the dollar still holds the deepest and most widespread structure.

Therefore, in the coming period, Iraq will remain governed by the duality of monetary and political power: adopting the dollar as the primary currency for governing the state, while closely monitoring the transformations taking place in the East, where China is rewriting the equation of global financial influence, step by step.  link

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Mot: . Careful as YOu Season - K!!!!  

 Mot: Dinner was dinner. You ate what you got. 

US Banking Crisis Incoming, Market Stock Reveals Deeper Credit Threats

US Banking Crisis Incoming, Market Stock Reveals Deeper Credit Threats

Lena Petrova:  10-19-2025

The recent tremors in the U.S. banking sector have sent a ripple of unease through the investment community.

While headlines often focus on massive corporate collapses, a closer look reveals a more insidious threat brewing within the heart of finance: allegations of loan fraud at regional banks, which, despite relatively modest sums, have triggered outsized market reactions.

This week, we’re diving into a concerning trend highlighted by recent analysis, focusing on alleged fraud cases involving Zion’s Bancorp and Western Alliance Bancorp.

These incidents, reportedly linked to loan fraud connected to investment funds associated with Andrew Stupin and Gerald Marcil, might involve around $60 million.

While this figure pales in comparison to the billions lost in colossal corporate meltdowns like Tricolor Holdings and First Brand Group, the market’s intense response speaks volumes. It signals a deeper, more pervasive anxiety about the stability of the American financial system, with a particular spotlight on its regional players.

The narrative emerging from these events is far more complex than simply a few bad actors. It paints a picture of an industry grappling with the consequences of years spent navigating an era of historically low interest rates.

To chase yield in that environment, many banks and investment funds ventured into riskier assets, including commercial real estate and subprime loans. Now, as the era of cheap money draws to a close, the true quality of these investments is being stress-tested, and the cracks are beginning to show.

Adding fuel to the fire were pointed remarks from Jamie Dimon, CEO of JPMorgan Chase. His warning that “visible problems likely signify more hidden issues” in the credit system resonates deeply. This sentiment suggests that what we’re seeing might just be the tip of a much larger iceberg, hidden beneath the surface of financial statements.

The vulnerability of regional banks in this scenario is particularly pronounced. Unlike their larger, more diversified counterparts, these institutions often lack the robust balance sheets and broad portfolio spread to absorb even minor shocks.

This means that a seemingly modest level of credit losses could, in the current climate, escalate into a full-blown crisis for them.

Recent bank filings offer a fascinating glimpse into how different institutions are assessing risk. JPMorgan Chase, for instance, has significantly boosted its loan loss provisions, a clear signal that they are bracing for potential downturns.

In contrast, major players like Morgan Stanley, Wells Fargo, and Bank of America have reduced their provisions. This divergence in approach suggests a distinct split in risk appetite and confidence within the industry, with some clearly anticipating sterner headwinds than others.

The coming months are poised to be a critical period for the financial system. If further credit losses begin to surface, especially in sectors like commercial real estate or auto lending, investors may start to perceive these not as isolated incidents but as undeniable symptoms of a broader credit reckoning.

The fragile state of the financial system is a reality we can no longer ignore.

As the market continues to digest these developments, regional banks, with their inherent vulnerabilities, may indeed find themselves on the front lines, facing the most significant consequences should conditions continue to deteriorate.

For a deeper dive into these crucial issues and a comprehensive overview of the latest insights, be sure to watch the full video from Lena Petrova. Understanding these dynamics is essential for navigating the current economic landscape.

https://youtu.be/d6cd_dxteY0

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 10-19-25

Good Afternoon Dinar Recaps,

BRICS Dominates Rare Earth Minerals as Supply Grows 12.6%

The world’s most strategic resources are now instruments of power — and BRICS knows it.

The Landscape of Power Minerals

Rare earth elements (REEs) are no longer a niche market. They are essential inputs for electric vehicles, wind turbines, advanced electronics, and defense systems.

According to the International Energy Agency (IEA), the production and refining of these minerals remain heavily concentrated — and China sits firmly at the center.

  ● China controls roughly 61% of rare earth mining output worldwide.
  ● Over 90% of global processing and refining occurs in China.
  ● Diversification efforts have slowed, leaving critical supply chains increasingly exposed.  

When one nation dominates both extraction and processing, supply security becomes geopolitical leverage.

What the 12.6% Growth Really Means

The General Administration of Customs of China reported that BRICS’ collective rare earth supply rose by 12.6% between January and September 2025 — about 48,350 additional tonnes year-on-year.

However, the details reveal a more complex picture:

  ● While volume rose, export value fell by 7.8% to $342.3 million.
  ● In September 2025, exports plunged 30.9% compared to August, falling to about 4,000 tons.
  ● China has introduced tighter export controls and selective licensing for key customers.

In short: BRICS may be producing more, but Beijing is deciding who gets access — and under what terms.

China’s Strategic Lever

For Beijing, control of rare earths isn’t merely economic — it’s strategic influence.
Refining dominance gives China a powerful tool to shape trade relations and respond to political pressure.

  ● New export restrictions (Notification No. 61/2025) extend to magnets, alloys, and advanced technologies.
  ● These rules apply even to foreign firms using China-sourced minerals.
  ● Supply preferences now favor BRICS partners and politically aligned states.

In effect, rare earths have become a diplomatic currency, reinforcing China’s role as the indispensable middleman in the green-tech economy.

Impact on the United States and Global Markets

The United States and allied economies face mounting risks from this concentration:

  ● Over-reliance on Chinese processing exposes defense, tech, and energy sectors to supply shocks.
  ● The IEA warns that diversification efforts are progressing too slowly to mitigate medium-term risk.
  ● President Trump’s administration has threatened 100% tariffs on Chinese goods in response to export reductions.
  ● Global markets have already seen volatility as rare earth trade tensions escalate.

Even with higher global output, supply access — not supply volume — now drives price and policy decisions.

The Bigger Picture

This rare earth shift embodies the deeper global transformation underway:
economic blocs are redrawing the resource map to align production with political strategy.

  ● BRICS nations are consolidating control over critical materials.
  ● Western economies are seeking rapid decoupling through domestic mining and recycling initiatives.
  ● The outcome will determine which nations dominate the next phase of industrial power — from semiconductors to defense tech to energy transition materials.

It’s a microcosm of a larger restructuring — a contest for control not of money, but of the inputs that make economies function.

Outlook: What to Watch

1. Access vs. Output
Track export licenses, not just production numbers. Beijing’s policy shifts can outweigh market fundamentals overnight.

2. Diversification Efforts
The U.S., Australia, and Canada are investing heavily in refining capacity — but timelines remain long and costs high.

3. Pricing Volatility
When exports drop while production rises, price distortions and speculative pressures usually follow.

4. Strategic Realignments
Expect BRICS coordination on critical minerals policy to strengthen as trade frictions grow.

Why it Matters

BRICS’ rare earth output rose 12.6% in 2025 — but beneath that growth lies a power play.
Control of these materials determines who builds the technologies of tomorrow, and on whose terms.

This is not just a story about commodities or percentages.
It’s the story of how economic influence and geopolitical leverage are converging — reshaping trade, industry, and alliances in real time.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• International Energy Agency (IEA): Global Critical Minerals Outlook 2025

• Reuters: China Tightens Rare Earth Export Controls (Oct 2025)

• Chatham House: China’s New Restrictions on Rare Earth Exports Send a Stark Warning West (Oct 2025)

• CSIS: Developing Rare Earth Processing Hubs (2025)

• Watcher Guru: BRICS Dominates Rare Earth Minerals, Supply Increases by 12.6% (Oct 2025)

~~~~~~~~~

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Thank you Dinar Recaps

All Signs Point to Reset: How Every Fiat System Ends in Collapse!

All Signs Point to Reset: How Every Fiat System Ends in Collapse!

Lynette Zang:  10-18-2025

Every fiat system ends in collapse, and all signs point to another reset.

 Since 1971, when the dollar was cut loose from gold, productivity gains vanished while inflation quietly stole purchasing power.

Now debt is exploding, real estate is distorted, and central banks are hoarding gold behind the scenes.

This isn’t a coincidence—it’s the controlled transition to the next monetary system.

Lynette exposes the pattern, the players, and how to protect yourself before the reset goes public.

Chapters:

 00:00 — Introduction

00:45 — Why gold and silver matter when regulators fail

01:21 — 1971: The moment money changed forever

03:11 — How gold exposes fake paper wealth

04:05 — The economy broke when wages stopped rising

05:15 — Deregulation and the rise of zombie companies

07:22 — The housing trap: priced out and locked in

 08:31 — Black Monday and the creation of market control

11:00 — Inflation: the hidden reset of the economy

13:39 — Why central banks are buying gold again

 15:29 — How to build a sound money plan

https://www.youtube.com/watch?v=uA-nmczuf0Q

“Tidbits From TNT” Sunday 10-19-2025

TNT:

Tishwash:  A driver was arrested for attempting to smuggle counterfeit foreign currency through the Qaim border crossing.

The Border Ports Authority announced, on Saturday, the arrest of a driver who attempted to smuggle counterfeit foreign currency through the Al-Qaim port.

The authority said in a statement, "The Al-Qaim Border Port Directorate was able to apprehend an Iraqi driver while attempting to smuggle counterfeit foreign currency, in addition to 22 ancient coins, a number of foreign passports and SIM cards."

The statement added, "The seizure operation was carried out in coordination and cooperation with the Customs Center and supporting departments at the port."

It pointed out that "a formal seizure report was prepared, and the driver and the seized items were referred to the Al-Qaim Police Station to complete the necessary legal procedures."  link

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Tishwash:  Prime Minister's Advisor: Iraq is experiencing its most stable period thanks to strong foreign reserves.

 The Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, issued a clarification on Sunday regarding Iraq's internal and external debt.

While noting that domestic borrowing represents only 18 percent of the total precautionary debt, he confirmed the existence of committees working with international companies to convert a portion of the domestic debt into investment vehicles.

 Saleh told the Iraqi News Agency (INA): "There is a blurry picture in interpreting the issue of external debt, as the external debts due until 2028 do not exceed $9 billion, which constitutes mostly half of the country's total external debt," indicating that "there are coordinated repayment mechanisms between the Ministry of Finance and the Central Bank, which are highly governed and transparent, and are settled accurately within a strict program and allocations in the federal general budget, and are periodically extinguished with the international creditor community."

He added, "The total external debt does not exceed what was mentioned above, and the amounts mentioned in the Central Bank's letter require explanation, as Iraq is not obligated to pay them, especially the $41 billion, as they are subject to the Paris Club agreement of 2004, which wrote off 80% or more of those debts related to the Iran-Iraq war, or what are called pre-1990 debts."

He continued, "As for the domestic debt referred to in the Central Bank's letter, it is the result of the accumulation of financial, security, financial and health crises that the Iraqi economy has been exposed to over the past decade and since the war on ISIS terrorism. This has been accompanied in recent years by severe geopolitical factors that have exposed global oil markets to a decline in prices due to the decline in growth in the global economy."

He explained that "the borrowing undertaken by the current government as domestic debt constitutes only 18% of the total precautionary domestic debt included in the federal general budget (the three-year budget) pursuant to Law No. 13 of 2023 for the years 2023-2025."

He stated that "the internal debt, which amounts to approximately 91 trillion dinars, is mostly held by the government banking system and under high-level financial and technical management," noting that "there are specialized committees working in cooperation with international consulting companies to convert a large portion of that internal public debt into productive investment tools within a national fund to manage the aforementioned internal debt in a manner that aims to stimulate the real economy and transform debt obligations into investment opportunities in the real sector of the Iraqi economy." He explained that "Iraq is currently experiencing the most stable period due to the strength of foreign reserves, the function of which is to stabilize the purchasing power of the Iraqi dinar and sustainable development."  link

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Tishwash:  Washington listens to Baghdad: Ambitious financial reforms seek credible implementation and institutional change.

This week, the Iraqi delegation participated in a banking reform conference held in Washington on the sidelines of the IMF and World Bank meetings. The event is a practical test of Baghdad's ability to present a realistic picture of the results of its economic program.

The Iraqi delegation, which included a number of advisors and financial officials, sought to highlight the reform steps achieved over the past two years as indicators of the country's transition from crisis management to building a modern economic system.

Advisor to the Prime Minister, Saleh Mahoud Salman, who presented Iraq's paper at the conference, outlined a series of measures he described as "a pivotal stage in the path of economic and financial reform." He explained that the government is "implementing a strategic banking reform package in cooperation with the Central Bank and international consulting firms," ​​focusing on "restructuring government banks, expanding financial inclusion, and automating the customs and tax system."

However, this proposal, while important from an administrative perspective, raises broader questions about the depth of the transformation and its compatibility with the requirements of a rapidly evolving global economy.

Reform in a financial environment like Iraq's, where structural challenges intertwine with political constraints, is not measured by the number of projects as much as it is by the state's ability to change the behavior of the financial system itself.

Indicators of reform... but to what extent?

The government says the preparation of a three-year budget represents a qualitative shift in financial planning, an unprecedented step in the modern history of Iraq. However, financial economists point out that the success of this model depends on the availability of accurate data and stable monetary policy, two conditions that still face challenges in a financial environment that relies on oil revenues for more than 90% of the country's GDP.

Institutional economists believe that "budget stability does not necessarily mean stable growth," as volatility in oil prices and weak economic diversification make any long-term planning vulnerable to disruption in the event of a global crisis or a decline in demand for crude oil.

In contrast, the Prime Minister's advisor points out that the government has been able to increase customs and tax revenues by automating the customs system using the UN-approved ASYCUDA program, which reflects the beginning of bridging the gap between the formal and parallel economies.

However, economic researchers believe that the success of this step requires an effective regulatory system and a flexible administrative structure, as technology alone is not sufficient to change work culture or reduce administrative corruption, which is one of the most prominent obstacles to financial reform in Iraq.

Financial inclusion and digital transformation: between ambition and capability

Electronic payment systems are one of the areas that have witnessed the most tangible progress, with financial inclusion rising from less than 10% to more than 40% in two years, according to the government advisor.

This digital leap is an indicator of a gradual shift in citizens' financial behavior, especially with the expanding use of bank cards and mobile payment services.

However, banking observers believe that the quantitative expansion is not matched by qualitative developments in the banking structure. Banking services in most government banks remain traditional and rely on paper transactions, while the private sector suffers from restrictions in accessing external financing.

Digital economy experts point out that the transition to an e-economy cannot be complete without a comprehensive legal and legislative environment that ensures protection from financial crimes and builds trust between citizens and the banking system.

Some economists argue that Iraq, despite its relative progress in this area, is still in the "experimental" phase and needs to integrate technology into the public financial management system, not just into individual transactions.

Banking Sector Restructuring: Reform or Role Rotation?

Restructuring state-owned banks (Rafidain, Rashid, Industrial, and Agricultural) is a key pillar of the government's plan. The government announces that it has increased the operational efficiency of these banks and begun reevaluating their assets. However, financial analysts believe that true reform cannot be achieved simply through administrative restructuring, but rather through the ability of these institutions to transform into sustainable financing entities that effectively contribute to driving local production.

Rafidain and Rashid, which represent approximately 80% of the banking market, still operate according to a traditional services model, while private banks face weak confidence from investors and depositors alike.

Banking finance experts point out that structural reform in the Iraqi banking sector requires gradual liberalization of credit policies and the activation of partnerships with regional banks, as a closed economy cannot benefit from global growth or external financing.

Poor institutional continuity and changing strategies

One of the most significant structural challenges facing economic reform in Iraq is the lack of institutional continuity. Each new government tends to reformulate the economic strategy from scratch, even in areas where tangible progress has been made.

This recurring pattern of "administrative rupture" hinders the accumulation of experience and leads to a loss of the institutional foundation necessary for any genuine reform process. Instead of building on previous programs and evaluating their results, plans are replaced by new projects presented under a different title, without any scientific review or analysis of previous policies.

Institutional economics researchers point out that this behavior reflects the weakness of the Iraqi state's institutional structure, as there are no permanent planning bodies or economic councils to ensure the continuity of policies regardless of changes in government.

Thus, the reform process often becomes a short-term political project, tied to the government's cycle rather than the economic cycle, limiting its ability to produce a sustainable economic impact or build internal and external confidence in fiscal policies.

Are these steps sufficient to keep pace with global transformations?

Iraq's experience with financial and banking reform demonstrates that the problem has never been a lack of vision, but rather its frequent interruptions. Each government introduces new plans, discarding previous ones, as if the state is starting from scratch with each political cycle. This behavior reflects not only a contradiction in priorities, but also a weak institutional structure that lacks a continuous economic memory capable of transferring experience and embedding successful policies.

Public economics studies confirm that the success of any financial reform depends more on accumulated experience and continuity than on the amount of funding or international support. In the Iraqi case, reforms are still managed according to the logic of the "governmental phase" rather than the "national phase," which makes them vulnerable to disruption as soon as the political orientation shifts.

The steps presented at the Washington conference reflect a clear technical effort, but they will not translate into actual achievement unless they are linked to independent institutions capable of protecting reform from political change. Reform is not achieved by changing plans, but rather by establishing an implementation mechanism that is not affected by changes in ministers or governments.

Thus, it can be said that financial reform in Iraq is moving in the right direction in terms of form, but it still requires a permanent institutional framework that ensures sustainability and transforms reform from a government initiative into a state-led process that remains unchanged by changes in leadership.  link

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Mot: Its a Seasoning Thingy!!!! 

Mot: .. Coming soon!!!!!!  

Seeds of Wisdom RV and Economics Updates Sunday Morning 10-19-25

Good Morning Dinar Recaps,

Shaky Peace: U.S.-Brokered Middle East Truce and Rising Asian Border Tensions

Cease-fires signal calm — but deeper geopolitical shifts are underway.

Middle East Developments

The U.S. has announced what it called “peace in the Middle East” after mediating a cease-fire deal between Hamas and Israel, including the release of hostages.

However, analysts warn the declaration may be more symbolic than structural, as the core disputes over Gaza’s governance, security, and territory remain unresolved.

  ● Cease-fire terms were agreed under international pressure, yet fragile enforcement leaves open the risk of renewed clashes.
  ● Humanitarian access remains limited, with aid groups calling the situation “tenuous and conditional.”
  ● Analysts (The Guardian, Modern Diplomacy) note that Israel’s security cabinet remains divided over long-term governance plans for Gaza.
  ● Modern Diplomacy emphasizes that “the truce hangs by a thread,” with both sides bracing for possible violations amid high distrust.

Regional Ripples and Reconstruction

Peace declarations often trigger financial and geopolitical recalibrations across the region.
  ● Reconstruction flows: Billions in aid and private capital are being prepared for Gaza and surrounding economies.
  ● Refugee resettlement pressures are likely to shift demographics in Jordan, Lebanon, and Egypt.
  ● Energy and trade corridors could reopen, potentially linking Israel, Egypt, and Gulf economies under new U.S.-backed frameworks.
  ● Defense realignments are expected as Arab states reconsider U.S. and BRICS-led security partnerships.

Southeast Asia: A Second Front of Diplomacy

At the same time, a border conflict between Thailand and Cambodia has resurfaced — underscoring how fragile peace remains in Asia’s emerging power zones.
  ● Cease-fire talks are underway, with U.S. and ASEAN mediators active ahead of the Kuala Lumpur Summit (Oct 26–28).
  ● Strategic implications: Southeast Asia continues to serve as a proxy arena for great-power competition between the U.S. and China.
  ● Trade and infrastructure stakes are high, especially with cross-border supply chains and Belt and Road investments in play.

Why It Matters

  ● These peace efforts — from the Middle East to Southeast Asia — are not isolated.
  ● Each region reflects a broader financial and geopolitical realignment, driven by shifting alliances and competing global debt strategies.
  ● What appears as diplomacy is also a restructuring of influence, capital flows, and resource control across multiple continents.
  ● Cease-fires and negotiations are becoming tools of financial recalibration, shaping who finances reconstruction, who builds infrastructure, and who profits from new corridors of trade.
  ● The current moment marks more than a pause in conflict — it represents a rebalancing of the world’s economic architecture, negotiated through the language of peace.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• The Guardian — “First phase of cease-fire deal to end war in Gaza agreed by Israel and Hamas”:

• Reuters — “Why are Thailand and Cambodia fighting along their border?”:

• Modern Diplomacy: Gaza Border Crisis – Israel-Hamas Truce Hangs by a Thread

~~~~~~~~~

U.S.–China Trade Tensions Deepen Amid IMF Warning and Global Markets Bracing for Impact
As tariffs and credit risks build, investors are reassessing global growth and market stability.

Global Outlook Turns Cautious

Global finance leaders meeting at the International Monetary Fund (IMF) and World Bank in Washington this week issued a sober warning: renewed U.S.–China trade frictions, rising sovereign debt, and tightening non-bank credit markets are forming a “triple squeeze” on the world economy.
  ● Trade tensions are resurfacing as Washington weighs new tariffs and Beijing retaliates with export controls — a dynamic the IMF calls a “drag on both growth and confidence.”
  ● High debt levels across emerging and developed markets are compounding the strain, with several countries approaching fiscal limits on public borrowing.
  ● Credit tightening among shadow lenders and private funds adds to systemic stress, signaling liquidity concerns beyond traditional banking.

Market Jitters and Safe-Haven Surge

At the same time, global markets reacted sharply to renewed uncertainty:
  ● Regional U.S. banks reported exposure to deteriorating commercial and private credit, triggering a selloff in financial shares.
  ● Global stock indices slipped, led by losses in Europe and Asia, while the S&P 500 fell amid heightened risk aversion.
  ● Gold surged to new highs, reflecting investors’ move toward safe-haven assets.

Investors are also bracing for a critical data week ahead, with U.S. inflation (CPI) and key corporate earnings — including Tesla, Netflix, and Intel — expected to shape sentiment.

Systemic Risks Converging

According to IMF officials, the intersection of trade pressures, debt overhangs, and credit fragility could transform isolated risks into a broader systemic stress event.
  ● Global growth forecasts have been downgraded again for 2025.
  ● Cross-border capital flows are slowing, reducing liquidity across emerging markets.
  ● The IMF cautions that “what appeared to be regional or sectoral risks are now becoming globally correlated.”

Implications and Outlook

While policymakers aim to stabilize expectations, the underlying trend suggests a realignment of global finance:
  ● Trade disputes are reshaping supply chains and accelerating the move toward de-dollarized trade blocs.
  ● Credit markets are exposing structural weaknesses in non-bank financial intermediaries.
  ● Investors are positioning defensively — signaling that volatility, not stability, may define the coming months.

Why it Matters

When trade wars, debt overhangs, and banking credit strains converge, we’re witnessing the architecture of the global financial system being tested in real time.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Reuters – “US-China trade war clouds global economic outlook as ‘new normal’ emerges”

• Investopedia – “What to Expect in Markets This Week: CPI Inflation Data; Tesla, Netflix, Intel Earnings”

• The Guardian – “Bank shares lead global market fall amid jitters over US private credit”

~~~~~~~~~

UK’s Crypto Countdown: Toward Stablecoin Rules by 2026

Making Britain a trusted hub for digital assets — if the rules get done on time.

What’s happening

• The Bank of England (BoE) and UK regulators plan to finalize a regulatory framework for stablecoins by the end of 2026. 

• A public consultation is set to launch on 10 November 2025, inviting feedback from the industry, investors and other stakeholders. 

• The UK intends to align its regime with U.S. stablecoin rules, particularly around what assets must back the coins (e.g., short-term government debt). 

Why this matters

• Stablecoins — crypto assets pegged to things like the US dollar or the British pound — are becoming a major part of digital payments and finance ecosystems.

• Clear regulation could position the UK as a global leader in the crypto and fintech space, attracting startups, finance firms and investment.

• But if regulation is too slow, too bureaucratic or mis-aligned, the UK risks losing ground to other jurisdictions such as the U.S., Singapore or the EU.

The UK’s current crypto snapshot

• Roughly 7 million UK adults now hold some form of cryptocurrency — up from just 2.2 million in 2021. 

• The HM Revenue & Customs (HMRC) is actively warning investors who may be under-reporting crypto gains.

• Firms in the crypto-space have been pushing for clear, fair and stable rules — many cite regulatory uncertainty as a barrier to growth.

What the new rules are expected to include

• Defining “qualifying stablecoins” (e.g., fiat-backed, issued from the UK) and bringing issuers under supervision of the Financial Conduct Authority (FCA) or BoE.

• Backing assets: Stablecoin issuers will be required to hold secure, liquid assets (e.g., short-term government debt) in trust, separated from other company liabilities. 

• Risk-management frameworks: Issuers will need documented policies for liquidity risk, custody, redemption mechanics and separation of assets. 

• Potential caps or limits: The BoE has floated caps for individual holdings (e.g., around £10,000–20,000) and for businesses, to mitigate rapid outflows of deposits into stablecoins. 

Global context & competitive risks

• In Europe, the Markets in Crypto‑Assets (MiCA) regulation becomes fully effective in 2025 — the UK wants to stay in step.

• In the U.S., stablecoin bills and regulatory moves (e.g., the so-called Genius Act) are pushing clarity and competition.

• If the UK misses the opportunity, startups and issuers may flock to more “crypto-friendly” regimes — or those already operational — reducing the UK’s fintech edge.

What to watch for next

• November 10 2025: The start of the consultation period — key for industry reaction and watching how open regulators are to feedback.

• How quickly secondary legislation and FCA/BoE rule-makings follow: The devil will be in the detail.

• Industry adaptation and migration: Will issuers wait for UK rules, or move abroad? Will holding caps or strict rules hinder or help?

• Interaction with banks and the traditional finance sector: How will stablecoins fit with deposits, tokenised assets and payments infrastructure in the UK’s system?

Why it Matters

If the UK delivers a strong, clear and globally-aligned stablecoin regime by 2026, it could become a trusted hub for digital assets, marrying innovation with protection. But the path is narrow — it needs pace, clarity and global coordination.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Bloomberg: “UK Targets End-2026 for Stablecoin Rules to Keep Pace With US”

• Business Times: “UK targets end-2026 for stablecoin rules to keep pace with US”

• Arnold & Porter: “The Proposed UK Regulatory Framework for Regulating Stablecoin Issuance”

• LiveBitcoinNews: “Bank of England to Finalize Stablecoin Rules by End of 2026”

• Hansard (UK Parliament): Stablecoin Ownership debate

~~~~~~~~~
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Iraq Economic News and Points To Ponder Sunday Morning 10-19-25

From Washington: A New Banking And Economic Reform Package For Iraq
 
Energy and Business    Iraq    Banks   Repairs    2025-10-18 Shafaq News - Washington The Iraq delegation participating in the banking reform conference in Washington, D.C.,  on the sidelines of the  International Monetary  Fund and  World Bank meetings,  announced a new package of     banking and     economic reforms on Saturday aimed at     strengthening the stability of the financial system and    attracting investment.

"The government has implemented a series of steps as part of the economic and financial reform program,  most notably the implementation of comprehensive strategic banking reforms   in cooperation with the    Central Bank of Iraq and      international consulting firms, as well as the    preparation of a three-year budget for the first time in Iraq's history      to ensure stable financial planning      that attracts investment," said Saleh Mahoud Salman,       an advisor to the Iraqi Prime Minister,     according to a statement received by Shafaq News Agency. 

He added that "automating the customs system through the  implementation of the United Nations ASYCUDA program has led to    a significant increase in customs and tax revenues, the    restructuring of government banks    (Rafidain, Rasheed, Industrial, and Agricultural) and    Increased their operational efficiency, as well as the    expansion of electronic payment systems and   increased financial inclusion    from less than 10%  to more than 40% within two years."

Salman continued, "Support programs have been launched for small and medium-sized enterprises to   create job opportunities and   stimulate the local economy," noting that
 
"these steps represent a pivotal stage in the economic reform process, and that the government will continue to support the development of the banking sector   in cooperation with international institutions."
 
Prior to this, the Central Bank of Iraq announced new instructions  to all authorized banks in the country regarding    money transfers and      customs clearance procedures        related to the requirements for the approval of special commercial invoices,            with the aim of curbing currency smuggling.
 
This measure comes as part of the efforts of the   Central Bank of Iraq and   government agencies  to  develop the financial and administrative environment and    improve the level of oversight and compliance   with international standards in foreign trade.       https://shafaq.com/ar/اقتصـاد/من-واشنطن-حزمة-صلاحات-مصرفية-واقتصادية-جديدة-للعراق    

Washington Listens To Baghdad: Ambitious Financial Reforms Seek Credible Implementation And Institutional Change.
 
Economy / Special Files Yesterday, | 1492  Is the world convinced?   Baghdad Today – Baghdad   This week, the Iraqi delegation participated in a banking reform conference held in Washington  on the sidelines of the IMF and World Bank meetings.
 
The event is a practical test of Baghdad's ability to present a    realistic picture of the     results of its economic program.
 
The Iraqi delegation, which included a number of advisors and financial officials,   sought to highlight the reform steps achieved over the past two years   as indicators of the country's transition    from crisis management   to building a modern economic system.
 
Advisor to the Prime Minister, Saleh Mahoud Salman,   who presented Iraq's paper at the conference,      outlined a series of measures he described as     "a pivotal stage in the path of economic and financial reform."

He explained that the government is  "implementing a strategic banking reform package     in cooperation with the Central Bank and international consulting firms,"     ​​focusing on      "restructuring government banks,    expanding financial inclusion, and    automating the customs and tax system."
 
However, this proposal, while important from an administrative perspective,opens the door to broader questions about the   depth of the transformation and   its compatibility with the requirements of the rapidly evolving global economy.
 
Reform in a financial environment like Iraq,   where structural challenges intersect with political constraints,      is measured not so much by the number of projects    as by the state's ability     to change the behavior of the financial system itself.
 
Indicators Of Reform... But To What Extent?
 
The government says the preparation of a three-year budget   represents a qualitative shift in financial planning      an unprecedented step in the modern history of Iraq.
 
However, financial economists point out that the success of this model  depends on the   availability of accurate data and   stable monetary policy,      two conditions that still face challenges in a financial environment         that relies on oil revenues for more than 90% of the country's GDP.
 
Institutional economists believe that   "budget stability does not necessarily mean stable growth,"   as    volatility in oil prices and    weak economic diversification   make any long-term planning vulnerable to disruption in the event of a   global crisis or a   decline in demand for crude oil.
 
In contrast, the Prime Minister's advisor points out that   the government has been able to increase customs and tax revenues      by automating the customs system   using the UN-approved ASYCUDA program,  which reflects the beginning of bridging the gap between the     formal and     parallel economies.
 
However, economic researchers believe that the   success of this step requires      an effective regulatory system and      a flexible administrative structure, as     technology alone is not sufficient to   change work culture or    reduce administrative corruption,     which is one of the most prominent obstacles    to financial reform in Iraq.
 
Financial Inclusion And Digital Transformation: Between Ambition And Capability
 
Electronic payment systems are one of the areas that have witnessed the most tangible progress, with financial inclusion rising   from less than 10%   to more than 40% in two years, according to the government advisor.
 
This digital leap is an indicator of a gradual shift in citizens' financial behavior,   especially with the expanding use of      bank cards and      mobile payment services.
 
However, banking observers believe that the   quantitative expansion is not matched by   qualitative developments      in the banking structure.
 
Banking services in most government banks remain traditional   and rely on paper transactions,      while the private sector suffers from     restrictions in accessing external financing.

Digital economy experts point out that the   transition to an e-economy cannot be complete      without a comprehensive legal and legislative environment that      ensures protection from financial crimes and         builds trust between citizens and the banking system.
 
Some economists argue that Iraq, despite its relative progress in this area,   is still in the "experimental" phase and   needs to integrate technology into the public financial management system,      not just into individual transactions.
 
Banking Sector Restructuring: Reform or Role Rotation?
 
Restructuring state-owned banks (Rafidain, Rashid, Industrial, and Agricultural) is a key pillar of the government's plan.
 
The government announces that it has increased the operational efficiency of these banks and begun reevaluating their assets. 

However, financial analysts believe that    true reform cannot be achieved simply through administrative restructuring,   but rather through the ability of these institutions     to transform into sustainable financing entities      that effectively contribute to driving local production.
 
Rafidain and Rashid, which represent approximately 80% of the banking market,   still operate according to a traditional services model,      while private banks face weak confidence from    investors and    depositors alike.
 
Banking finance experts point out that    structural reform in the Iraqi banking sector requires      gradual liberalization of credit policies and the    activation of partnerships with regional banks,  as a closed economy cannot benefit from    global growth or    external financing.
 
Poor Institutional Continuity And Changing Strategies
 
One of the most significant structural challenges    facing economic reform in Iraq is the lack of institutional continuity.
 
Each new government tends to reformulate the economic strategy from scratch,   even in areas where tangible progress has been made.
 
This recurring pattern of "administrative rupture" hinders the    accumulation of experience and    leads to a loss of the institutional foundation  necessary for any genuine reform process.
 
Instead of    building on previous programs and    evaluating their results,    plans are replaced by new projects presented under a different title,    without any    scientific review or    analysis of previous policies.
 
Institutional economics researchers point out that    this behavior reflects the weakness of the Iraqi state's institutional structure, as    there are no permanent planning bodies or economic councils       to ensure the continuity of policies     regardless of changes in government.
 
Thus, the reform process often becomes a short-term political project,   tied to the government's cycle       rather than the economic cycle,   limiting its ability to    produce a sustainable economic impact or    build internal and external confidence in fiscal policies.

Are these steps sufficient to keep pace with global transformations?
 
Iraq's experience with financial and banking reform  demonstrates that the  problem has never been a lack of vision,  but rather its frequent interruptions.
 
Each government   introduces new plans,   discarding previous ones,   as if the state is starting from scratch with each political cycle.
 
This behavior reflects not only a contradiction in priorities,   but also a weak institutional structure      that lacks a continuous economic memory capable of  transferring experience and  embedding successful policies.
 
Public economics studies confirm that the   success of any financial reform  depends more on   accumulated experience and    continuity   than on the   amount of funding or   international support.
 
In the Iraqi case,   reforms  are still managed according to the logic of the "governmental phase"  rather than the "national phase,"   which makes them vulnerable to disruption    as soon as the political orientation shifts.
 
The steps presented at the Washington conference    reflect a clear technical effort, but they will not translate into actual achievement    unless they are linked to independent institutions  capable of protecting reform from political change.
 
Reform is not achieved by changing plans, but rather by establishing an implementation mechanism that is not affected by changes in ministers or governments.
 
Thus, it can be said that   financial reform in Iraq is moving in the right direction in terms of form,   but it still requires a permanent institutional framework  that ensures sustainability and   transforms reform    from a government initiative   into a state-led process   that remains unchanged by changes in leadership.      
https://baghdadtoday.news/285426-.html    

The Central Bank Issues New Instructions Regarding Money Transfers And Customs Clearance.
 
Saturday, October 18, 2025 | Economic     Number of readings: 285 Baghdad / NINA / The Central Bank of Iraq issued new instructions to all authorized banks in the country regarding   financial transfers and   customs clearance operations, as well as the   requirements for approving special commercial invoices.
 
According to a document issued by the Central Bank, it has decided to include a set of basic information in commercial invoices, including:
 
shipping and payment terms,invoice value and currency, theGlobal Harmonized System of Customs (GHS) code, in addition to theimporter and exporter addresses, aprecise description of the goods, their   origin,   brand,   quantity and   unit of measurement, and   unit and total price.
 
The circular stipulated that the final commercial invoice,   or the preliminary invoice   attached to the sales contract,   should be approved,   provided that the final invoice contains all preliminary data.

It stated that the implementation of these instructions will begin on November 1, 2025. 

He explained: "The aim of the decision is to   regulate foreign financial transfers and   enhance transparency and accuracy in customs clearance      within the national automation project," noting:
 
"This step has several positives,   most notably    enhancing the standardization of procedures and     reducing errors in commercial transactions, in addition to    supporting the customs automation project." /End 8     
https://ninanews.com/Website/News/Details?key=1257561   

New Instructions From The Central Bank Of Iraq To Prevent Dollar Smuggling Starting Next Month (Document)

 Energy and Business     dollar     Central Bank     directions

 New instructions from the Central Bank of Iraq to prevent dollar smuggling starting next month (document) WeQ2gAqKuM3LQAAAABJRU5ErkJggg==

2025-10-17 23:22  Shafaq News - Baghdad   On Saturday, the Echo Iraq Observatory revealed new instructions   issued by the Central Bank to all authorized banks in the country      regarding financial transfers and customs clearance procedures         related to the requirements for approving special commercial invoices.

 The Observatory said in a statement received by Shafaq News Agency, "The Central Bank, in Circular No. (267/4/9) dated 10/15/2025,   decided to include in commercial invoices a set of basic information, including:      shipping and payment terms,      value and invoice currency, and the      Global Harmonized System of Classification and Labelling of Goods (GHS) code," adding,    "As well as the    addresses of the importer and destination, an      accurate description of the goods,      their origin,     their trademark,     quantity and      unit of measurement, and the      unit and total price."

 He explained that "the circular stipulates that one of the following invoices must be approved: the   final commercial invoice, or the   preliminary invoice attached to the sales contract,   provided that the final invoice contains all the data of the preliminary invoice."

 According to Echo Iraq, "these instructions will be implemented starting November 1, 2025," noting that "the aim of the decision is to   regulate foreign financial transfers and   enhance transparency and accuracy in customs clearance      as part of the national automation project.

" The Observatory believes that "this step has several positive aspects, most notably   enhancing the standardization of procedures and   reducing errors in commercial transactions, in addition to   supporting the customs automation project."

 This decision comes as part of the efforts of the   Central Bank of Iraq and   government agencies       to develop the financial and administrative environment and      improve the level of oversight and compliance      with international standards in foreign trade.

 The Eco Iraq Observatory is a media research institution specializing in analyzing the country's economic performance.

It focuses on oil prices and their impact on the budget,   in addition to monitoring the performance of Iraqi banks and      their role in supporting the economy and financing projects.   

  New instructions from the Central Bank of Iraq to prevent dollar smuggling starting next month (document) 3+gBcugXB2NQgAAAABJRU5ErkJggg==

https://media.shafaq.com/media/arcella/1760773629269.webp

https://shafaq.com/ar/اقتصـاد/تعليمات-جديدة-من-البنك-المركزي-العراقي-لمنع-تهريب-الدولار-اعتبارا-من-الشهر-المقبل-وثيقة      

   ~~~~~~~~~~  

[partial and incomplete translation of https://media.shafaq.com/media/arcella/1760773629269.webp]

 M/Circular

 Based on the letter from the Ministry of Finance/General Authority of Customs/National Customs Automation and Modernization Project No.

(5856/64/18) dated 2/9/2025, which includes facilitating the implementation of Cabinet Resolution No. (569) of 1975

and in accordance with our Circular No. (5/4*S/137) dated 20/8/2025, the following is decided:

First: The commercial invoice whose value is required to be transferred abroad must include the following information:

1- Date and number of the invoice.

"- Payment Terms.

1. Shipping Terms.

2. Value and invoice currency.

3. Universal Harmonized System Code (at least six digits).

4. Addresses of importer and exporter.

5. Accurate description of goods.

6. Origin of goods.

7. Trademark.

8. Quantity and unit of measurement.

9. Unit price and total price.

10. Second: Approval of one of the invoices:

Final commercial invoice.

11. Initial invoice + sales contract; the final invoice must contain all data from the initial invoice.

12. Third: Invoices are accepted for financial transfers and customs clearance starting from 1/11/2025.

 With appreciation.

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

50% Delinquency Spike Ignites Fears of 2008 Meltdown

50% Delinquency Spike Ignites Fears of 2008 Meltdown

Steven Van Metre:  10-17-2025

For years, the auto loan industry was considered a pillar of stability—a safe bet for lenders and a necessary tool for consumers. That stability is now officially shattered.

A detailed and urgent analysis of the U.S. auto market reveals a crisis escalating rapidly, fueled by surging car prices, unsustainable loan terms, and high interest rates. This alarming situation bears uncomfortable resemblances to the 2008 subprime mortgage meltdown, but this time, the crisis centers around car keys and repossessed vehicles, not homes.

It is no longer a remote headline; it is an imminent threat to local banks, consumer stability, and the overall U.S. economy. Here is a breakdown of why this crisis is deepening and the steps you need to take to protect your finances now.

The numbers paint a stark picture: Auto loan delinquencies have surged by over 50% in the last 15 years. What happened to turn a once-reliable credit sector into a major financial hazard?

While the subprime market is always the first to c***k (with 60+ day delinquencies reaching record highs), this crisis is unique: delinquencies are climbing across all income levels, including high earners.

This suggests that even financially stable households are beginning to feel the profound squeeze of inflation and high debt loads.

The auto loan crisis is not isolated. It is simultaneously a cause and a symptom of wider economic malaise.

The immediate threat is felt by lenders heavily dependent on auto debt: community banks and credit unions. Unlike major Wall Street institutions that can absorb varied losses, these local institutions, often central to regional economies, face severe risks as car loan delinquencies continue to climb. A wave of auto loan defaults could destabilize these vital local financial pillars.

The strain on consumer finances is already filtering into the wider economy. We are seeing a weakening of retail spending, a critical indicator that signals rising consumer concern and a cautious pullback on purchasing. This pattern strongly suggests an economic slowdown is underway, likely triggering a recession.

Furthermore, small businesses—the engine of the U.S. economy—are also facing rising operational costs and increased borrowing rates, risking job losses and further economic contraction.

In a period defined by financial volatility and systemic risk, proactive defense is paramount. According to the analysis presented by expert Steven Van Metre, individuals must prioritize liquidity, safety, and asset management.

Maintain a Deep Emergency Fund: Ensure you have readily accessible, liquid funds (cash or cash equivalents) to cover at least six months of expenses. In a crisis, liquidity is king.

Diversify Bank Exposure: Avoid having all your wealth tied up in a single institution. Spread your deposits across multiple banks or credit unions to maximize FDIC/NCUA coverage.

As the economy slows and volatility increases, look to shift assets into sectors that historically weather downturns well:

Treasuries: Government bonds (particularly short-to-intermediate term) offer a safe haven and predictable returns during periods of recessionary fear.

Defensive Sectors: Consider investments in utilities, consumer staples, and healthcare, which tend to maintain demand regardless of the economic climate.

If you have a high-cost vehicle that is not essential, now may be the time to act:

Sell Underutilized Vehicles: If you are paying a high monthly note on a third family vehicle or a truck you rarely use (especially if remote work has reduced its necessity), consider selling it now. Vehicle values are expected to depreciate further as the repo market floods supply and consumer demand weakens.

The auto loan crisis is a clear warning sign that significant economic volatility is ahead. This is a time for prudence, not panic, but it requires immediate action to safeguard your personal financial foundation.

For further insights and information on navigating this economic environment, watch the full analysis from Steven Van Metre.

https://youtu.be/R3IMUM0xB1U