Iraq Economic News and Points To Ponder Thursday Morning 11-20-25

Carrying Messages From The White House, A US Delegation Will Visit Baghdad Soon

Political | 07:02 - 19/11/2025   Mawazin News - Baghdad:  An Iraqi diplomatic source revealed an upcoming visit by a US delegation to Baghdad to deliver messages from the White House regarding Iraqi issues.

The source stated that "a delegation comprising American political figures will visit Baghdad soon, carrying messages from Washington to all partners in the Iraqi political process."  He added that "the anticipated US visit confirms Washington's interest in what is happening in Iraq."

Relations between the United States and Iraq have been strained diplomatically since Donald Trump took office, with communication and meetings limited to the US Chargé d'Affaires in Baghdad, Steven Fagin, and a single phone call received by Prime Minister Mohammed Shia al-Sudani from Secretary of State Marco Rubio.

However, last August, a high-level US delegation visited Baghdad to discuss a range of issues with Iraqi officials.

According to a well-informed source, the delegation discussed the US withdrawal from its main bases in Iraq and its repercussions, in addition to economic and energy matters.

On October 19, US President Donald Trump appointed Mark Savaya as Special Envoy to Iraq.
Trump wrote on his Truth Social platform that "Mark's deep understanding of the relationship between Iraq and the United States, and his extensive connections in the region, will contribute to advancing the interests of the American people."

Savaya, an American businessman of Iraqi (Chaldean/Assyrian) descent from Michigan, has risen to prominence in recent years through his support for Trump's presidential campaign and his outreach to Middle Eastern communities in the United States.   https://www.mawazin.net/Details.aspx?jimare=270511

The Iraq Stock Exchange Traded More Than 10 Billion Dinars Last Week

Economy |  18/11/2025   Mawazin News - Baghdad:  The Iraq Stock Exchange announced that trading volume last week exceeded 10 billion dinars, with significant activity encompassing the majority of listed companies.

In its weekly report, the exchange explained that "63 listed companies saw their shares traded during the week, while 28 companies' shares did not trade due to discrepancies between buy and sell orders. Trading remained suspended for 13 companies out of a total of 104 listed companies due to their failure to submit the required disclosures.

" The report  added that "the number of shares traded reached 22.234 billion, representing a 700% increase compared to the previous week, with a total value of 10.622 billion dinars, a 63% increase, across 3,358 transactions."

It also noted that "the ISX60 index closed at 960.15 points, marking a 1.65% increase from the previous close."

He confirmed that “the transactions of non-Iraqi investors witnessed the purchase of 31 million shares worth 66 million dinars through 13 deals, compared to the sale of 101 million shares worth 207 million dinars through the execution of 109 deals.”    https://www.mawazin.net/Details.aspx?jimare=270459 

Rapidly Widening Deficit And Dwindling Reserves… Warnings Paint The Most Dire Picture Of The Iraqi Economy In Years

Economy | 19/11/2025   Mawazin News – Special Report   : Economic expert Manar al-Ubaidi warned that the Iraqi economy is entering its most critical phase in years, amidst escalating political turmoil and the clamor of electoral alliances. He pointed out that current financial indicators reveal a worrying reality that requires urgent intervention and bold decisions.

Al-Ubaidi told Mawazin News, "According to the Ministry of Finance's data for August 2025, total revenues reached 82 trillion dinars, including 73 trillion dinars from oil sales, compared to only 9 trillion dinars from non-oil revenues. This reinforces the continued reliance of the budget on oil revenues by more than 90%."

In contrast, public spending reached 87.5 trillion dinars, including 73 trillion dinars in operational expenses, in addition to 5 trillion dinars paid as government advances, which are usually included in actual expenditures at the end of each year. This raises the real deficit to approximately 10 trillion dinars by the end of August.

According to Al-Ubaidi, estimates indicate that the deficit could exceed 15 trillion dinars by the end of the current year if spending continues at the same pace.

Regarding monetary policy, data from the Central Bank of Iraq reveals that the bank purchased only about $49 billion from the Ministry of Finance during the first nine months of the year, while selling more than $60 billion through the currency window. This forced the bank to use about $11 billion of its reserves to meet the increasing demand for dollars, a dangerous indicator reflecting deep imbalances in the market.

This financial drain coincides with oil prices remaining within the range of $60-65 per barrel, a level insufficient to cover inflated operational expenses. This means, according to Al-Ubaidi, that the current government, as well as the next one, may face real difficulty in fulfilling salary and subsidy obligations unless urgent measures are taken to increase [the budget/funds/etc.]. Revenues and spending rationalization.

The expert also points out that "the option of resorting to borrowing will not be readily available, especially after the internal debt exceeded 90 trillion dinars, and the local market's ability to absorb more debt instruments has declined, making the options available to the government narrower than ever before."

Al-Ubaidi believes that "real reform begins with a thorough review of public spending schedules down to the smallest expenditure items, focusing on the issues of financial waste, ghost salaries, pensions, and social welfare, which drain billions annually, with a significant portion going to those not entitled to them or being exploited for electoral purposes."

He also emphasizes the need to reassess the food ration card system, drug subsidies, and other support programs to ensure their efficiency and achievement of their objectives.

The economist summarizes that "Iraq stands today at a critical financial crossroads, coinciding with the possibility of a delay in approving next year's budget due to the formation of the new government, which could push the country towards an 'ambiguous' fiscal year without a clear spending ceiling," stressing that "the crisis is no longer just figures in official data, but a real danger threatening the state's ability to continue paying its salaries and obligations," warning that delaying reform will lead to Coercive measures that affect the poor citizen even more than the employee." https://www.mawazin.net/Details.aspx?jimare=270485

Economist: Concerns About A Possible Change In The Exchange Rate With The Formation Of The New Government

Economy | 19/11/2025   Mawazin News - Baghdad:   Economic researcher Diaa Abdul Karim believes there is anticipation and apprehension among the Iraqi public regarding a potential decision by the incoming government to change the exchange rate of the dollar against the dinar.

Abdul Karim stated, "Previous governments have altered the exchange rate, and this has negatively impacted the Iraqi people, particularly individuals and their cost of living."

He added, "Changing the exchange rate to devalue the dinar means a general rise in prices, which is a source of concern for Iraqi citizens who have become accustomed to such decisions with the formation of new governments."

He emphasized the urgent need for assurances from those leading the political process, or the largest bloc, clarifying the nature of the government's program for the upcoming phase: whether it includes a change in the dinar's value against the dollar or maintaining the current status quo.   https://www.mawazin.net/Details.aspx?jimare=270471

Gold Prices Are Rising... How Much?  

Economy |  19/11/2025   Mawazin News - Follow-up:   Gold prices rose on Wednesday as investors awaited the minutes from the Federal Reserve's latest monetary policy meeting and the US jobs report, which could shed further light on the path of interest rates.

Spot gold rose 0.2% to $4,074 per ounce at 04:49 GMT, while US gold futures for December delivery also climbed by the same percentage to $4,074.40 per ounce.

Tim Waterer, senior market analyst at KCM Trade, said, "Gold's momentum has been somewhat dampened by the stronger dollar and uncertainty surrounding the timing of the Fed's next interest rate cut."

He added, "However, a wave of risk aversion in the market has kept gold in the investor's safe-haven interest rate circle, limiting the decline."

The dollar index rose 0.1% against a basket of major currencies. A stronger dollar makes gold more expensive for holders of other currencies.

Global stock markets fell sharply this week, with the S&P 500 posting a four-day losing streak amid concerns about the valuations of artificial intelligence stocks.

Investors are now awaiting the minutes from the Federal Reserve's latest meeting, due later today, and the September non-farm payrolls report, due tomorrow, Thursday, after being delayed due to the U.S. government shutdown.

Economists polled by Reuters expect the report to show employers added 50,000 jobs during the month.

Data released Tuesday showed that the number of Americans receiving unemployment benefits hit a two-month high in mid-October.

The U.S. central bank has cut interest rates by 25 basis points, but Chairman Jerome Powell has expressed caution about any further rate cuts this year, citing several reasons, including a lack of data.

As for other precious metals, silver rose 0.4% to $50.90 an ounce in spot trading, platinum fell 0.2% to $1,533.82, and palladium gained 0.6% to $1,409.19.   https://www.mawazin.net/Details.aspx?jimare=270475

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

MilitiaMan and Crew: Update-Mirror on the Wall-Swift MX (ISO 20022)-INB

MilitiaMan and Crew: Update-Mirror on the Wall-Swift MX (ISO 20022)-INB

11-19-2025

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

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

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

https://www.youtube.com/watch?v=HH0n5K4m1Ck

Seeds of Wisdom RV and Economics Updates Wednesday Evening 11-19-25

Good Evening Dinar Recaps,

Investors Seek Shelter: Market Selloff Sends Gold and Treasuries Higher  

Investor sentiment sours as growth concerns mount.

Overview

• U.S. equities fell sharply, with major indexes under pressure from valuation worries and macro uncertainty.

• Treasury yields declined, signaling a rotation into safer assets.

• Gold rebounded, drawing support from risk-off flows and safe-haven demand.

Key Developments

• The S&P 500 and Dow saw significant drops, reflecting broad investor caution.

• Bond markets rallied as traders sought shelter from potential economic volatility.

• Gold’s renewed strength is more than tactical — it's gaining on structural reallocation.

Why It Matters

This market rotation suggests a deeper rebalancing of risk. With equity momentum faltering, capital is flowing into assets perceived as more resilient. That shift supports a narrative of systemic repositioning, where traditional risk assets are giving way to strategic hedges.

Implications for the Global Reset

• Pillar 4: Markets & Commodities — Capital is de-risking, rotating into hedges and physical proxies.

• Pillar 2: Security & Finance Symbiosis — Financial stability and geopolitical risk are converging, driving demand for safe-haven assets.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Global markets slide … Treasuries, gold gain — Reuters

• Why central banks’ hunger for gold shows ‘no sign of being quelled’ — MarketWatch

~~~~~~~~~~

BRICS Push to Remove the U.S. Dollar From Iron Ore Trade Intensifies

China leverages its import dominance to force a yuan-based pricing shift in global metals markets.

Overview

• China, the world’s largest iron ore importer, is pushing suppliers to settle trade in yuan, challenging the longstanding dollar-based system.

• Iron ore is China’s newest geopolitical pressure point, following similar tactics in rare earth minerals and agricultural commodities.

• Suppliers include BRICS partner Brazil and major exporter Australia, both facing growing pressure to accept yuan settlement.

• Negotiations are underway for a new contract using Chinese yuan as the sole settlement currency.

• Industry sources confirm a standoff, as buyers and sellers struggle to agree on pricing and currency terms.

Key Developments

• China imported $134 billion in iron ore last year, giving it extraordinary leverage against suppliers.

• Beijing’s strategy mirrors earlier moves, such as halting U.S. soybean purchases during tariff disputes.

• Fastmarkets sources say current talks are deadlocked due to disagreements on price benchmarks and yuan settlement.

• A successful yuan-denominated contract would be historic, potentially becoming a template for other commodity sectors.

• The shift aligns with BRICS efforts to reduce reliance on the U.S. dollar across energy, metals, and agricultural supply chains.

Why It Matters

Iron ore is one of the world’s most traded industrial commodities. If China succeeds in replacing the dollar with the yuan in this sector, it would strike at the core of dollar-denominated global trade. This move aligns with BRICS’ long-term goal of reshaping the financial order and building a multi-currency settlement ecosystem that bypasses Western financial infrastructure.

Implications for the Global Reset

Pillar 1: De-Dollarization

A yuan-based iron ore pricing mechanism accelerates BRICS’ broader attempt to weaken dollar dominance — a foundational shift in global trade architecture.

Pillar 2: Strategic Commodities Control

China’s control over metals markets enhances its leverage in industrial policy, supply chain dominance, and long-term geopolitical positioning.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher.Guru – “BRICS Removing the US Dollar in Iron Ore Deals”

• Fastmarkets – “China seeks yuan settlement in major iron ore contracts” 

~~~~~~~~~~

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RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Wednesday Afternoon 11-19-25

Economist: Concerns About A Possible Change In The Exchange Rate With The Formation Of The New Government

economy | 09:12 - 19/11/2025   Mawazin News - Baghdad:  Economic researcher Diaa Abdul Karim believes there is anticipation and apprehension among the Iraqi public regarding a potential decision by the incoming government to change the exchange rate of the dollar against the dinar.

Abdul Karim stated, "Previous governments have altered the exchange rate, and this has negatively impacted the Iraqi people, particularly individuals and their cost of living."

He added, "Changing the exchange rate to devalue the dinar means a general rise in prices, which is a source of concern for Iraqi citizens who have become accustomed to such decisions with the formation of new governments."

He emphasized the urgent need for assurances from those leading the political process, or the largest bloc, clarifying the nature of the government's program for the upcoming phase: whether it includes a change in the dinar's value against the dollar or maintaining the current status quo.   https://www.mawazin.net/Details.aspx?jimare=270471

The National Bank Of Iraq Successfully Completes Its Transition To The New Global Standard, SWIFT MX.
 
November 19, 2025 Last updated: November 18, 2025  The Independent/-The National Bank of Iraq announced that it has successfully completed the transition to the new global standard SWIFT MX for financial messages, in a step that constituted a prominent milestone in the process of modernizing the bank’s technological infrastructure and enhancing its readiness for digital transformation. 

 The bank said in a statement, “The implementation of this transformation comes as part of the bank’s transition from the old MT standard to the MX ISO 20022 model, which is the most advanced, structured and data-rich framework in the global financial messaging sector.
 
The transformation process was carried out across all operational channels with high efficiency and minimal downtime, reflecting the bank’s strong technical readiness, accurate planning, and commitment to providing its services without any significant interruption.” 

He pointed out that “this transformation is an advanced step within the strategic roadmap of the National Bank of Iraq to   modernize its systems,    enhance its compatibility with global best practices, and    provide an advanced digital banking experience for its        individual and    corporate   clients.”

For his part,   the Chief Operating Officer and Deputy CEO of the National Bank of Iraq, Aqeel Ezzedine, explained that 
“the smooth transition to the MX standard    came as a result of a robust system of  governance,   teamwork and  careful planning, and represents an important step in  modernizing the payments infrastructure and  enhancing the   reliability and   security of  banking operations.”
 
Hani Khalil, head of the transformation department at the National Bank of Iraq, said that “achieving this transformation embodies the bank’s commitment to   keeping pace with the latest international standards in payment systems, and   building a more   transparent,   integrated and   high-quality   financial data structure,   which    enhances customer experience and   strengthens the bank’s position within the regional financial system.”
 
The MX standard enables a more accurate and richer exchange of information in financial messages, with substantial improvements in   transaction tracking and   identification of parties, supporting global trends towards   greater efficiency and   transparency      in payments.
 
Since the new system came into effect, the bank has not recorded any significant problems, which confirms the success of the implementation process and the close coordination between the transformation, IT and operations teams, in addition to effective cooperation with partners and regulatory authorities.     https://mustaqila.com/المصرف-الأهلي-العراقي-يستكمل-بنجاح-ال/ 

9 Billion Tons Of Silica In Anbar And Najaf... Opportunities For 10,000 Jobs And Billions Of Dollars In Revenue

Reports     The Iraqi economy is witnessing promising shifts towards diversifying national income sources away from over-reliance on oil. In this context, silica sand stands out as an untapped natural resource with immense potential to contribute to sustainable economic development.

The Eco-Iraq Observatory has revealed vast quantities of silica sand discovered in the Anbar and Najaf governorates, describing it as "white gold," while highlighting what it called government neglect of investment opportunities in this resource.

The observatory explained that initial explorations indicate approximately 600 million tons of discovered silica sand in Anbar, with reserves exceeding one billion tons and a purity of up to 98%. Meanwhile, Najaf governorate contains an estimated 330 million tons of sand suitable for glassmaking and about 577.5 million tons for colored glass production, totaling approximately 907.5 million tons with a purity of nearly 95%.

Reports from the Geological Survey indicate the presence of 220 million cubic meters of sand suitable for glassmaking in Najaf and 385 million cubic meters for colored glass production.

Meanwhile, Anbar province holds significant deposits in the Al-Gharra, Wadi Al-Amj, and Ardhama areas west of Rutba, estimated at over 330 million cubic meters, in addition to a new reserve estimated at one billion tons with a purity level of up to 99%, making this sand suitable for use in precision engineering industries.

The global price of silica ranges between $100 and $150 per ton, making investment in this material capable of contributing billions of dollars to the national budget, as well as creating more than 10,000 direct and indirect job opportunities in the two provinces.

Despite these substantial figures, the Observatory criticized the weakness of government procedures and its failure to activate these resources, calling for amendments to the Mineral Investment Law No. 91 of 1988 to allow for broader opportunities for exploration and development.

Silica sand is used in the manufacture of glass, silicon, building materials, electronics, solar cells, and filtration systems. Global consumption reached approximately 479 million tons in 2024, with a market value ranging from $14 billion to $72 billion, depending on the sand's quality and market price.

In a significant development within this sector, a cooperation agreement was signed on April 29th between the Iraqi General Company for Glass and Refractories and the Saudi company Ajial to establish the largest integrated industrial complex for silica projects in Anbar Governorate, spanning 800 dunams.

The project, still in its initial stages, will include silicon and flat glass production with a capacity of 700 tons per day, as well as factories for producing bottles and jars with an initial capacity of 200 tons, expandable to 800 tons.

 Additionally, a factory for producing medical bottles with a capacity of 120 tons per day will be established to support the Iraqi healthcare sector. The project also includes the construction of a special electrical complex to supply the factories, along with residential complexes for workers, which opens the door to extensive urban and economic development in the desert areas of Anbar.

The Director General of the General Company for Glass, Hamid Mohammed Koudi, explained that Anbar was chosen due to the abundance of high-purity silica and the expertise of Iraqi personnel.

He emphasized that the project will create between 5,000 and 10,000 job opportunities and will serve as a base for other downstream industries, including the production of glass sheets, silicon, sodium silicate, automotive glass, and solar panels. He added that the number of finished products is expected to reach approximately 12 upon completion of the complex.

Economic expert Mustafa Hantoush, for his part, affirmed that Anbar province occupies a strategic location in this sector and that Saudi investments reflect Iraq's growing attractiveness as an investment destination. He pointed out that creating a favorable investment environment by streamlining procedures, providing loans, and offering tax exemptions has become a necessity, not a luxury.

He also highlighted key challenges, most notably the weak industrial infrastructure, the need to control imports, and the importance of supporting local products.

The silica project in Iraq represents a historic opportunity to rebuild the national industry and enhance the diversification of the economy. It also demonstrates the country’s ability to move from exporting raw materials to manufacturing them locally, which opens up broad prospects for sustainable development, employing Iraqi human resources, and attracting quality investments, at a time when there is an urgent need for a new economic vision that keeps pace with global changes and invests in the sources of national strength. https://economy-news.net/content.php?id=62469

Basra Crude Oil Prices Fell In Tandem With The Decline In Global Oil Prices

Wednesday, November 19, 2025, 10:28 AM | Economy  Number of views: 233  Baghdad / NINA / Prices of Basra crude oil, both heavy and medium, fell on Wednesday, mirroring the decline in global oil prices.

Basra Heavy crude dropped $1.25, or 2.02%, to $60.63, while Basra Medium crude fell $1.35, or 2.12%, to $62.38.

Global oil prices declined Wednesday morning after a report showed a rise in US inventories, easing concerns about the impact of Western sanctions on Russia.  Brent crude traded near $65 a barrel after gains on Tuesday, while West Texas Intermediate crude was close to $60. /End   https://ninanews.com/Website/News/Details?key=1262712

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

America Just Killed the Penny – What It Really Means for Your Money & Gold

America Just Killed the Penny – What It Really Means for Your Money & Gold | Michelle Makori

Miles Franklin Media:  11-18-2025

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, breaks down the end of the U.S. penny and explains why this small coin tells a very big story about the dollar, inflation, and America’s monetary direction.

After more than 232 years, the United States has officially minted its final one-cent coin.

 It now costs 3.69 cents to make a penny – nearly four times its face value.

Michelle explains how this is not just a budgeting issue, but a warning about the purchasing power of the dollar and the accelerating debasement of U.S. currency.

She takes you through the history of the penny’s dilution, how the death of the lowest denomination mirrors the decline of the currency beneath it, and why countries that have eliminated small coins do not face the same consequences as the world’s reserve currency issuer.

00:00 Introduction: The End of the Penny

00:35 The Cost of Minting Pennies

 01:52 Historical Value of the Penny

03:38 The Impact of Eliminating the Penny

05:16 Global Perspective on Currency Debasement

 05:55 Gold: The Benchmark of Real Value

06:30 Conclusion: The Real Story

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

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 11-19-25

Good Afternoon Dinar Recaps,

Gold Prices Rebound on U.S. Data & Central Bank Demand

Safe-haven demand surges as economic risk returns.

Overview

• Gold recovered modestly on Nov. 18, lifted by weak U.S. labor-market data and renewed rate-cut hopes.

• Deutsche Bank projects an average price of $4,000/oz in 2026, citing strong official-sector demand.

• Goldman Sachs reaffirmed its long-term bullish stance, targeting $4,900/oz by end-2026, with central banks buying aggressively.

Key Developments

• Central banks continue major allocations to gold, with Goldman estimating ~64 tonnes purchased in September.

• Softer U.S. data (e.g., unemployment claims) raised the probability of a December Fed rate cut, adding to gold’s appeal.

• U.S. equities declined while Treasuries and gold gained, a sign of risk-off repositioning.

Why It Matters

This is a resurgence of structural demand for gold, not just short-term hedging. Central banks’ accumulation reflects long-term reserve strategy. Combined with macro volatility, it signals growing systemic risk and a potential shift toward hard-asset reserve models.

Implications for the Global Reset

• Pillar 3: Metals & Strategic Resources — Gold is increasingly functioning like “money,” representing a move toward tangible reserves in a multipolar system.

• Pillar 5: Currency & Payment Systems — As central banks rotate into gold, it challenges fiat currency dominance and signals a possible transition to a more diversified reserve asset base.

This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Goldman Sachs sees continued central bank gold buying in November — Reuters

• World Gold Council – Central Banks demand trends (Q3 2025)

• Central banks on track for 4th year of massive gold purchases — Reuters / Metals Focus

~~~~~~~~~~

Italy Moves to Assert State Control Over $300B Central Bank Gold

Rome debates reclaiming its gold reserves amid broader reserve-asset politics.

Overview

• Italian lawmakers revived efforts to claim the Bank of Italy’s ~2,452 ton gold reserves (worth around $300 billion) for the state.

• The proposal could redirect the gold’s value into public finances.

• Critics warn the move threatens central bank independence and could breach EU norms.

Key Developments

• The claim is being introduced via a budget amendment.

• There’s discussion of taxing undeclared private gold holdings to raise revenue.

• The debate intensifies over how national wealth should be managed — between sovereign control and central banking authority.

Why It Matters

If passed, this would be more than symbolic. It would represent a shift in how nations treat their reserve assets — using gold not just as a hedge, but as a lever for public finance. It underscores how gold’s strategic role is being re-politicized in a world that increasingly questions the primacy of the dollar.

Implications for the Global Reset

• Pillar 3: Metals & Strategic Resources — States are elevating gold from reserve asset to political instrument.

• Pillar 1: Finance & Investment Architecture — Reclaiming central bank gold could reshape the balance between sovereign wealth and independent central banking.

This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Italy lawmakers revive state claim on central bank’s $300 billion gold pile — Reuters

• World Gold Council – Central Banks demand trends (Q3 2025)

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Ariel : Right Now the Iraqi Dinar is Basically Stuck

Ariel : Right Now the Iraqi Dinar is Basically Stuck

11-19-2025

Iraq Update:

These two moves – forcing every single bank in Iraq to finish their full ICAAP stress-tested capital plans and flipping the switch to ISO 20022 for all cross-border payments starting this Saturday (Nov 22) – aren’t just “nice-to-have” upgrades.

They’re the final two checkboxes the grown-ups in the room (IMF, U.S. Treasury, BIS, the big correspondent banks in New York and London) have been demanding before they let Iraq play in the real international forex sandbox.

I have told people many times. This is why you do not constantly see me doing daily updates because there needs to be key items in place. Even if they clean up all corruption. All militias. All Iranian proxies. All Z*****t influences. They still need these basic elements in place in order to fully integrate into the globalist markets.

Think of it like this:

Right now the Iraqi dinar is basically stuck in a kiddie pool with floaties on. You can only buy or sell it in big size through the CBI’s daily dollar auction or a handful of shady exchange houses.

 Nobody reputable touches it on the open forex market because the banks behind it look shaky on paper and the payment rails are still running 30-year-old SWIFT message formats that scream “money-laundering risk.”

Source(s):    https://x.com/Prolotario1/status/1990894012014747681

https://dinarchronicles.com/2025/11/18/ariel-prolotario1-right-now-the-iraqi-dinar-is-basically-stuck/

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

Ariel): Iraqi Dinar Update

Iraqi Dinar Update: Moving The Needle : A Windfall For The Ages

Here’s what is legitimately exciting for anyone holding or thinking about holding dinar (without the fairy-tale RV nonsense)

The dinar’s about to go fully international in a way it never has. Post-Nov 22, Iraqi banks are on the exact same modern payment rails as London, New York, and Singapore.

No more clunky middlemen or that old dollar auction crutch. That means real-time, clean cross-border flows trade finance, remittances, oil payments all smoother and cheaper. Less friction = more actual usage of IQD outside Iraq over time.

Private banks are getting real muscle for the first time in decades. With Basel III locked in and state banks getting restructured, you’re gonna see actual lending booms to the private sector.

Iraq’s non-oil economy could finally wake up. More factories, construction, tech stuff that creates real demand for the dinar instead of everyone hoarding dollars.

The street already knows something’s shifting the black market premium is basically dead. That’s the quietest it’s been since Sadaam’s days.

When the premium vanishes completely (and it’s damn close), the CBI has zero reason to keep artificially propping the rate. A slow, steady appreciation (think 5-15% a year as the economy diversifies) becomes way more plausible.

Iraq’s sitting on sound money in reserves and oil. Once the new rails are live and the banks are solid, the dinar becomes a legit carry-trade play for pros borrow cheap elsewhere, park in high-yield Iraqi deposits, collect the spread.

That foreign money flowing in naturally pushes the rate stronger over months/years, not overnight.

Which means if the Iraqi dinar goes up next month you don’t have to trade in all your notes. Because it’s going to continue to increase well into 2026/2027 even if it was to go international tomorrow.

Read Full Article:  https://www.patreon.com/posts/iraqi-dinar-for-143883706

https://dinarchronicles.com/2025/11/18/ariel-prolotario1-iraqi-dinar-update-waiting-for-the-injection-point/

CBI to Support Dinar Stability

CBI to Support Dinar Stability

By John Lee.

The Central Bank of Iraq (CBI) has issued a statement clarifying the objectives and functions of its Investment Department:

Objectives

To mitigate risks associated with the investment of foreign reserves whilst achieving acceptable returns thereon.

To support exchange rate stability through the provision of foreign currencies to meet the requisite requirements for financing balance of payments needs and to facilitate multiple channels for funding banks and financial institutions operating in Iraq.

To manage and reduce risks arising from the currency of receipt of Iraqi crude oil revenues, as the principal sovereign resource and primary source of foreign currency requirements in Iraq.

To maintain continuity of critical operations within the Department during crises and emergencies, with ongoing updates to contingency arrangements.

Functions

To manage, invest and execute transactions on foreign reserves through investment in liquid foreign assets and the implementation of investment operations thereon to achieve acceptable returns in accordance with the Central Bank of Iraq Law No. (56) of 2004, as amended.

To prepare reports on balances held with central banks, financial institutions and commercial banks on a daily, monthly, quarterly and annual basis.

To maximise the sole sovereign return through the management, notification and monitoring of Iraqi crude oil export credits.

To enhance banks' balances with our correspondent institutions abroad and to execute transfers on behalf of the Ministry of Finance.

To execute investment operations and conclude transactions on foreign reserves.

To prepare the annual plan and strategic plans pertaining to foreign reserves.

To execute all financial transactions through the SWIFT department in accordance with the standards and specialised language of the unified global system of the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

To undertake periodic and ongoing updates to the SWIFT system and to correspond with banks operating in Iraq regarding matters relating to the monitoring of procedures to be implemented by them.

(Source: Central Bank of Iraq)

https://www.iraq-businessnews.com/2025/11/19/cbi-to-support-dinar-stability/

Seeds of Wisdom RV and Economics Updates Wednesday Morning 11-19-25

Good Morning Dinar Recaps,

U.S. & Russia Quietly Draft New Ukraine Peace Roadmap

Washington explores an alternative diplomatic path outside the traditional NATO–EU framework.

Overview

• Axios reports the Trump administration has developed a 28-point peace roadmap modeled on the Gaza ceasefire framework.

• The plan covers four pillars: a Ukraine ceasefire, security guarantees, broader European security, and the future of U.S. relations with Russia and Ukraine.

• Key envoys are already deeply engaged: Steve Witkoff (U.S.), Kirill Dmitriev (Russia), and Rustem Umerov (Ukraine).

• European allies are being briefed, signaling the proposal has entered a pre-negotiation phase.

Key Developments

• U.S.–Russia coordination resumes at a level not seen since before the 2022 invasion.

• Witkoff has held regular communication with Moscow while also meeting Ukrainian officials in Miami.

• The White House is quietly informing European partners, suggesting readiness to formalize discussions.

• Kyiv’s reaction remains cautious, as any roadmap could test Ukraine’s red lines on sovereignty and territorial integrity.

• Sources say the plan mirrors Trump’s Gaza template, prioritizing phased de-escalation and security guarantees.

Why It Matters

If validated, this would represent the most significant U.S.–Russia diplomatic engagement in years — one capable of reshaping the negotiation landscape. A bilateral channel outside NATO and the EU could unsettle European capitals while pressuring Kyiv to consider concessions it has previously rejected. It marks a possible pivot toward a U.S.-mediated settlement that reframes the war’s endgame within a global power reset.

Implications for the Global Reset

Pillar 1: Geopolitical Realignment

A direct U.S.–Russia channel signals a restructuring of global diplomatic power centers — with Washington recalibrating strategy away from multilateral forums toward leader-to-leader negotiation models.

Pillar 2: Security & Energy Architecture

Any settlement that reshapes borders or security guarantees in Eastern Europe will ripple into global energy markets, NATO posture, and BRICS-aligned strategies for multipolar influence.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Axios – “US, Russia secretly shaping new Ukraine peace plan”

• Reuters – “US, Russia discuss Ukraine ceasefire elements amid diplomatic shift”

~~~~~~~~~~

Saudi Arabia Signs Major Deal for Chinese Electric Copters, Deepening Aviation-Tech Partnership

Riyadh accelerates its shift toward smart mobility, sustainability, and China-aligned industrial innovation.

Overview

• Saudi Aerospace Solutions (SAS) signed an agreement to purchase 100 Vertaxi electric helicopters, advancing Saudi Arabia’s future-aviation sector.

• The aircraft will transport pilgrims, tourists, and VIP passengers, supporting Vision 2030 mobility goals.

• eVTOL technology reduces emissions, cuts travel times by up to 90%, and enables point-to-point movement without traditional airports.

• Saudi–China tech ties are broadening, spanning AI, cloud infrastructure, manufacturing, green energy, and logistics.

• The deal follows 34 investment agreements signed during Xi Jinping’s 2022 Saudi visit.

Key Developments

• Saudi Airlines and SAS plan to deploy Vertaxi aircraft for Hajj, Umrah, major sporting events, and inter-city tourism routes.

• Aircraft capabilities: up to 175 km range, 260 km/h speed, vertical takeoff and landing, seating for six passengers.

• The agreement positions Saudi Arabia as a regional hub for low-altitude electric aviation by 2030.

• Tesla-style mobility ambitions: Saudi Arabia is pursuing a domestic EV manufacturing ecosystem, supported by Chinese partners.

• Tencent announced expansion of cloud and digital services with a major new data center in Riyadh, strengthening the Sino-Saudi tech corridor.

• Saudi initiatives include green hydrogen, solar PV, logistics modernization, and sustainable industrial growth, aligning with Vision 2030 diversification.

Why It Matters

This deal cements China as a core technology partner in Saudi Arabia’s transition toward next-generation air mobility and smart-city integration. eVTOL deployment at scale could radically reshape regional transportation, reduce reliance on oil-linked aviation systems, and deepen the Kingdom’s alignment with China’s growing digital and manufacturing influence.

Implications for the Global Reset

Pillar 1: Technological Sovereignty

Saudi Arabia’s embrace of Chinese aviation tech and cloud infrastructure reflects a global power realignment away from Western suppliers and toward multipolar systems of innovation.

Pillar 2: Energy & Sustainability Transition

Electric aviation supports Saudi Arabia’s long-term move toward post-oil economic architecture, positioning the Kingdom within the emerging clean-tech bloc shaping global infrastructure.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy – “Saudi Firm Signs Deal for Chinese Electric Copters”

• South China Morning Post – “China’s eVTOL ambitions expand globally through Gulf partnerships”

~~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 11-19-2025

TNT:

Tishwash:  Central Bank of Iraq: Net currency in circulation exceeds 92 trillion dinars in one month

The Central Bank of Iraq revealed on Tuesday that the net currency in circulation amounted to more than 92 trillion dinars during September 2025.

The bank stated in a statistic seen by Shafaq News Agency that the net currency in circulation amounted to 92.185 trillion dinars in September, down from 93.090 trillion dinars in August.

The bank added that the currency issued by it amounted to 99.681 trillion dinars, while the currency held by banks amounted to 7.496 trillion dinars.

The bank indicated that the issued currency is the money that the state prints through the central bank for the purpose of circulation, and it includes banknotes of paper and metal denominations circulating outside the vaults of the central bank.  link

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

Tishwash:  Dhi Qar: Announcement of a new batch of compensation checks under Article 140

The Committee for the Implementation of Article 140 of the Constitution announced today the release of a new batch of financial checks for beneficiaries of compensation, calling on citizens whose names are listed in the attached lists to visit the committee’s office in Baghdad to receive their previously issued checks before their expiry date.

The committee stated in a press release received by Nasiriyah News Network that the current batch includes 103 bank checks ready for disbursement. It emphasized the necessity for applicants to bring the required documents, which include valid and certified legal powers of attorney for 2025 with a barcode, a copy of the 2025 inheritance certificate, two copies of the identification documents for all heirs, and two personal photographs for each heir.

The committee stressed the importance of expediting the application process to ensure the checks are disbursed within the legal timeframe and to avoid the loss of rights due to the checks' expiration  link

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

Tishwash:  The National Bank of Iraq announces the completion of its transition to the new global standard, SWIFT MX.

The National Bank of Iraq announced the completion of its transition to the new global standard SWIFT MX for financial messages, a step that marked a significant milestone in the bank's technological infrastructure modernization and enhanced readiness for digital transformation.

The bank said in a statement, “The implementation of this transformation comes as part of the bank’s transition from the old MT standard to the MX ISO 20022 model, which is the most advanced, structured and data-rich framework in the global financial messaging sector. The transformation process was carried out across all operational channels with high efficiency and minimal downtime, reflecting the bank’s strong technical readiness, accurate planning, and commitment to providing its services without any significant interruption.” 

He pointed out that “this transformation is an advanced step within the strategic roadmap of the National Bank of Iraq to modernize its systems, enhance its compatibility with global best practices, and provide an advanced digital banking experience for its individual and corporate clients.” 

The statement quoted Aqeel Ezzedine, Chief Operating Officer and Deputy CEO of the National Bank of Iraq, as saying that “the smooth transition to the MX standard is the result of a robust system of governance, teamwork and careful planning, and represents an important step in modernizing the payments infrastructure and enhancing the reliability and security of banking operations.” 

Hani Khalil, head of the transformation department at the National Bank of Iraq, said, according to the statement, that “the completion of this transformation embodies the bank’s commitment to keeping pace with the latest international standards in payment systems, and building a more transparent, integrated and high-quality financial data structure, which enhances customer experience and strengthens the bank’s position within the regional financial system.” 

The MX standard enables a more accurate and richer exchange of information in financial messages, with substantial improvements in transaction tracking and identification of parties, supporting global trends towards greater efficiency and transparency in payments.

Since the new system came into effect, the bank has not recorded any significant problems, which confirms the success of the implementation process and the close coordination between the transformation, IT and operations teams, in addition to effective cooperation with partners and regulatory authorities.  link

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

Mot:  . Wait for your turn!!! 

Mot:  I Do Try - But!!!  

Seeds Of Wisdom RV And Economics Updates Tuesday Evening 11-18-25

Good Evening Dinar Recaps,

Developing countries push the UN and multilateral banks for structural reforms that reflect modern realities.

Overview

• Global leaders are calling for more representative governance across institutions like the IMF, World Bank, and multilaterals.

• Developing economies argue that current structures do not reflect their economic weight, nor their exposure to global shocks.

• The UN highlighted the need for coherent, equitable financing frameworks capable of addressing debt, climate, and development challenges together.

Key Developments

• Proposals were made to scale up multilateral development banks, enabling more responsive support for emerging economies.

• Tax and financing reforms were debated, focusing on burden-sharing and modernizing revenue systems.

• Civil society and government leaders aligned in demanding deeper systemic reforms rather than incremental adjustments.

Why It Matters
This represents a historic challenge to post-WWII financial governance, signaling that the next era of global order may be shaped by broader participation and new institutional mandates.

Implications for the Global Reset

• Pillar 3: Financial Governance — A shift toward inclusive institutions could rebalance global decision-making.

• Pillar 5: Global Economic Order — Institutional reform is essential to stabilizing a multipolar world.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• United Nations – “Economic and Social Council Debates Global Financial Reform”

• World Economic Forum – “Reforming the Global Financial System for the 2030 Agenda”

~~~~~~~~~~

Digital Iron Curtain — Russia’s BRICS Tech Crackdown Redraws the Global Cyber Map

Sweeping restrictions on Google, Apple, and Samsung signal a decisive break from Western tech dominance.

Overview

• Russia accelerates plans to block Google, iOS, and major Western apps, citing national security risks tied to foreign intelligence agencies.

• New BRICS-aligned digital sovereignty rules tighten as Moscow restructures its entire tech environment.

• Domestic alternatives rise, reshaping user access, device manufacturing, and digital infrastructure.

Key Developments

• Russian lawmakers reaffirmed plans for a Google and Apple shutdown, expanding earlier restrictions on government officials using Western platforms.

• Major fines and compliance penalties escalated, including new court rulings targeting Google and TikTok.

• Apple and Samsung required to preinstall Russian software and adopt domestic search engines as default settings.

• Data localization enforcement intensified, forcing foreign companies to store all Russian user data on local servers.

• VPN apps and political content apps were removed from Apple and Google stores under government orders.

• Russia expanded testing of its “sovereign internet”, conducting isolated regional shutdowns and blocking major services to evaluate operational control.

• Over 100 VPN apps vanished from Apple’s App Store, with dozens removed from Google Play.

Why It Matters

Russia’s alignment with BRICS digital-security goals marks a historic shift away from Western-controlled platforms. By dismantling access to global tech giants, Moscow is attempting to build a parallel digital ecosystem — one that could ultimately become the blueprint for BRICS-wide cybersecurity and information governance.

These steps also reveal how digital sovereignty is becoming a central battleground in the emerging multipolar world. The implications extend far beyond Russia, affecting international technology markets, cross-border data flows, and global information access.

Implications for the Global Reset

Pillar 3 — Digital & Cyber Sovereignty

• Russia’s crackdown accelerates the creation of a BRICS-aligned digital infrastructure resistant to Western influence.

Pillar 4 — Multipolar Technology Ecosystems

• As Western platforms lose access to large markets, BRICS nations gain leverage to build independent standards across hardware, software, and data governance.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

Watcher.Guru – “BRICS Power Play: Russia Targets Google, Apple, Samsung Shutdown”
Reuters – “Russia Expands Crackdown on Foreign Tech as Digital Sovereignty Push Grows”

~~~~~~~~~~

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RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Tuesday Evening 11-18-25

Regulating The Informal Economy
 
Economic 11/18/2025  Abdul Zahra Muhammad Al-Hindawi   The informal economy,  or what some call the “shadow economy,” is of great importance,  even if it is not readily apparent,  because the picture of this economy is not accurately documented.
 
If we were to delve into the informal economy in Iraq,we would discover its profound influence on the national economy.  Estimates suggest it  accounts for nearly 60% of total economic activity,  making it a significant driver of development.

Even minimal regulation of this sector would lead to a tangible transformation in the Iraqi economy, impacting employment, revenue, and social development.
 
Some might ask: What Will Change If This Economy Is Formalized?
 
Job opportunities will remain the same, and the  sectors of activity won't differ much from the formal economy.
 
However, the truth is that formalization—if implemented correctly—  will lead to a qualitative shift in the economic and social landscape.
 
Informal workers will feel more secure and stable  because they will be under the    state's care and legal protection.
 
The regulations will also allow for the integration of hundreds of    small businesses,    home-based activities, and   unlicensed workshops   into the formal sector,   ensuring improved working conditions and   reduced economic vulnerability.
 
The reality of Iraq's informal economy encompasses thousands of small businesses operating from homes or workshops hidden from public view, as well as seasonal workers, construction workers, and street vendors who face significant economic hardship.
 
Their unregulated presence sometimes leads to service and security problems,  such as   traffic congestion,   difficulty accessing fire trucks,   illegal connections to the electricity grid, and      other daily issues.
 
From an economic perspective, the lack of regulation makes it difficult to accurately measure the volume of cash transactions or determine the number of workers, resulting in the    state losing a significant portion of potential tax revenue and     complicating economic planning.
 
Regulating the informal economy under the new laws will provide a genuine guarantee for millions of families living within its confines.
 
It will also contribute to building an accurate database to support government decisions in the areas of employment and social development.
 
We can learn valuable lessons from the experiences of many countries that have successfully transformed their shadow economies into organized and effective sectors  by providing a safe and secure environment. For those     working in it.
 
Hence, the first step towards the desired organization can be    through managing and organizing the work of street vendors, as  they are the most obvious manifestation of the informal economy, by establishing modern commercial complexes  or allocating specific places for them to conduct their business, and  providing facilities and small loans that help them develop their businesses.

It is also necessary to include seasonal workers and construction workers in the social security system and labor law, which promotes social justice and improves living conditions.
 
In return, those working in the informal economy should be reassured that     the government’s goal in the organization process is not to impose taxes,    but rather to   achieve economic and social stability and ensure the sustainability of their activities   within a  formal,    transparent and   stable environment.    https://alsabaah.iq/123703-.html 

Economists: The "Fingerprint" Initiative Is Driving Small Business Development.
 
Economic 11/19/2025   Baghdad: Hussein Thaghab   As part of a government policy aimed at    broadening economic participation and    boosting growth,  Prime Minister Mohammed Shia'a al-Sudani   launched the "Basma" initiative,   a national program focused on  empowering women and   granting them greater access to the labor market.
 
This will be achieved by providing   funding,    training, and   technical support   to women-led small and medium-sized enterprises (SMEs).
 
This step is part of a package of economic initiatives the government has begun implementing to develop the private sector and improve the business environment.
 
Economic expert Asaad Al-Rubaie explained that the  “Basma” initiative came as a     complement to a series of previous government initiatives,including the National Fund for Supporting Small and Medium Enterprises, the lending program launched by  the Central Bank of Iraq in cooperation with private banks,  as well as reconstruction and development programs    supported by the   International Fund for Agricultural Development, and the   programs of the Ministries of Youth and Labor.
 
Al-Rubaie pointed out that   the initiative was distinguished by its exclusive focus on women,    under the supervision of the Supreme Council for Women and    with direct follow-up from the Prime Minister,    in an attempt to address the weak participation of women in the private sector  as a result of     social customs and    traditional environments   that have limited their entry into fields of work dominated by men.
 
He added that “Basma” has given women opportunities to   launch productive projects that are appropriate to the    nature of their work and interests, including   food industries,  design,  sewing,   agriculture, and     nursery management, which are sectors capable of    creating new job opportunities and    reducing unemployment rates.
 
Al-Rubaie pointed out that the initiative contributed to  strengthening the free market economy and    supporting women-led households   by opening new income streams and achieving financial independence,  which positively impacts    family and social stability.
 
However, he explained that the initiative's success remained contingent on  engaging private sector experts   to provide technical and managerial expertise     that ensured the sustainability of the projects.
 
He emphasized that the absence of such expertise was a major reason for the limited success of previous initiatives, despite ample government support.

The Sudanese Prime Minister emphasized that "Basma"    was not conceived merely as a financing project, but as a comprehensive national program aimed at empowering women through extensive partnerships with national banks.
 
He explained that the program provided    accessible loans,    training platforms,    consulting services, and    technical support,   thus creating a national incubator for women's businesses.
 
For his part, financial expert Dr. Nabil Rahim explained that “Basma” presented a different model by  providing a comprehensive empowerment system that includes    training,   mentorship,   planning, and   follow-up,    making it more than just a funding platform.
 
He described the initiative as having transformed  “the tears of unemployed women into productive projects,” but stressed that its true success depended on the details of its implementation,    particularly the   loan terms and   consideration for vulnerable groups such as  widows and divorcees.
 
Rahim explained that the previous “Riyada” experience,in which women comprised only 27 percent of beneficiaries,revealed unforeseen obstacles, such as    procedural complexities, the    difficulty of securing suitable funding for women-led projects, and the    influence of traditional social norms.
 
He argued that addressing these challenges was essential to    ensuring the success of “Basma” and    achieving tangible economic results.
 
Rahim concluded by saying that the     path to women’s economic empowerment is still long, but “Basma” was the first step in a broader national strategy  that invests in women as active partners in development,  not as a category waiting for support.    https://alsabaah.iq/123775-.html   

The Center For Banking Studies Launches A Specialized Course On Financial And Administrative Corruption.
 
November 16, 2025  The Banking Studies Center announced the organization of a specialized training course entitled “Financial and Administrative Corruption: Basic Concepts”, during the period from November 16 to 19.
 
The course focuses on   clarifying the comprehensive concept of financial and administrative corruption,   reviewing the causes and factors leading to it, in addition to the   negative effects of corruption on   institutional performance and the   national economy.
 
The course also   covers the   legal framework and   national and international systems   for combating corruption, and   enables participants to distinguish between financial and administrative corruption,    which enhances the ability to    prevent and take appropriate action within institutions.
 
The course targets specialists in the financial and administrative fields,    to provide them with the latest knowledge and practical practices in the field of     combating corruption, which contributes to   raising the efficiency of institutional performance and   enhancing transparency and accountability.      https://cbi.iq/news/view/3046 

Apple Pay: A Step Towards Expanding The Umbrella Of Electronic Payments
 
Economic 16/11/2025  Baghdad: Hussein Thaghab    The Cabinet recently approved recommendations to move forward withactivating Apple Pay services in Iraq,as part of the government's efforts to    strengthen the digital infrastructure and     expand the reach of electronic payments in the country.
 
Apple Pay allows for easy payments using Apple devices and enables secure,  contactless purchases in stores, through apps, and online.
 
Experts believe it is a safer way to pay, as well as being very easy,  and is an important step towards the future of contactless payments.
 
Historical turning point
 
The economist, Asaad Al-Rubaie, explained that  the world is going through a historical turning point that is changing on several fronts.  There are different conflicts:    military,    social,    political,    geographical, and    economic.  

He pointed out that the economic conflict now is between the    American global payment system “SWIFT”,   which is globally dominant, and the    Russian SPFS financial transfer system, which has been joined by more than 177 institutions from 24 countries,  as well as the Chinese WeChat system,  which has reached the stage of cloud-based electronic money. 
 
Al-Rubaie added, in an interview with Al-Sabah, that this conflict is more important than all the current conflicts between the    United States and its allies and   China and Russia and their allies, explaining that the world is divided in two while Iraq still stands in the middle between   BRICS and the  Western bloc   with their financial tools such as    SWIFT,  Apple Pay,   Google Pay, and    PayPal...  Shaping the economy
 
He pointed out that   Iraq has been moving, for the past three years, towards what can be called the restructuring of the Iraqi economy,  whether through linking Iraq to global financial institutions  or creating a revolution in monetary policy  and moving Iraq towards    modernity and     financial, monetary and economic development.

He explained that the   use or activation of electronic payment tools adopted by the Iraqi government,  which led to an increase in the use of electronic transactions in Iraq from 5% to 50%,  will link Iraq to the global economy through its financial tools, which will    enhance e-commerce, encourage cross-border business and trade,   provide many job opportunities and   facilitate the purchase process for  the Iraqi citizen from any country in the world with the click of a button and without obstacles,  which will stimulate commercial activity and strengthen the local economy. 
 
Al-Rubaie called on the government to proceed along this path, noting the need to strike a balance with the BRICS organization andto hold the stick in the middle in the secret trade war between the    United States and     China.
 
Global revolution
 
In this context, financial and economic expert Dr. Nabil Rahim Al-Abadi considered   Iraq’s joining Apple Pay as an announcement of the   country joining the ranks of the global financial revolution, noting that the joining represents economic and digital dimensions. 
 
Al-Abadi explained to Al-Sabah that   joining will facilitate combating the informal economy,  which is estimated to be more than 40% of the gross domestic product in Iraq, noting that the  Central Bank’s estimates indicate that the volume of cash transactions  outside the banking system exceeds 25 trillion Iraqi dinars annually. 

He added that  Apple Pay will contribute to converting a large part of these transactions into documented digital ones, as every digital transaction means a step towards financial transparency and combating corruption,   indicating that the rate of financial inclusion in Iraq does not exceed 23% according to World Bank reports, and therefore the service will contribute to attracting more than 3 million young people to the banking sector during the first year.  
 
Official channels
 
Al-Abadi added that   the service will encourage citizens to link their savings to the official banking sector and direct funds towards official channels instead of illegal methods.
 
Although Al-Abadi acknowledged that the Iraqi e-commerce market is growing at a rate of 35% annually,  he noted that it suffers from weak secure payment systems for e-commerce stores, which reduce operating costs by 15-20%,  and also reduce the costs of dealing with cash (counting, transporting, storing), which cost the merchant 5-7% of his revenues.
 
Regarding the benefits that will accrue to the government, the financial and economic expert said that the government will benefit from an increase in tax revenues of 15-20% over 3 years through documenting transactions,  and it will lead to a reduction in the costs of printing and circulating money,  which amount to 500 billion dinars annually, in addition to helping in combating corruption by tracking the financial path of transactions.
 
Great benefits
 
Regarding the benefits that citizens will gain from the service, Al-Abadi explained  that it will save 2-3 hours per week that were wasted waiting in bank queues, reduce the costs of financial transfers by 60% compared to traditional methods, and increase financial security by 80% through biometric authentication technologies.
 
As for investors, it creates a more attractive business environment with the provision of advanced digital infrastructure, and achieves expected growth in the volume of e-commerce from $1.2 billion to $3 billion within two years,  which is a positive indicator of market trends and transparency. 
 
Al-Abadi reviewed what the service has achieved in a number of countries, explaining that it contributed in the Kingdom of Saudi Arabia to raising the rate of financial inclusion from 62% to 82% in 3 years, and  the entry of global payment systems in Egypt led to an increase in the  volume of e-commerce by 400% during 4 years. 

He stressed the need to develop the internet infrastructure    (current internet speed 6.5 Mbps vs global average 25 Mbps),    qualify the banking sector through training programs targeting 5,000 banking employees, and    increase digital awareness through awareness campaigns reaching 10 million citizens.
 
Al-Abadi, who mentioned at the end of his speech that the decision to join is    not the end of the road,    but the beginning of the road, stressed the importance of preparing for a wave of digital transformation that will affect all aspects of our economic lives, asking whether we are ready to deal with the future?    https://alsabaah.iq/123563-.html  

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

"This Is Going To be Horrific" Mike Maloney Says USA Entering a Bust Unlike Any Other

"This Is Going To be Horrific" Mike Maloney Says USA Entering a Bust Unlike Any Other

SilverGold:  11-1-8-2025

WARNING: A crash unlike any other may be coming. In this video, financial educator and precious-metals proponent Mike Maloney joins Allan to walk us through why the U.S. may be entering “a bust unlike any other.”

From real-estate bubbles, to stock-market excess, to mounting credit-stress in households and businesses — we explore the data, the diverging signals, and the structural vulnerabilities that rarely get this much attention.

What you’ll learn:

Why both housing and equities are flashing warning signs simultaneously.

How rising credit-card and auto-loan delinquencies may be just the beginning.

Why commercial real-estate could be the next domino to fall.

What the divergence between leading indicators and the stock market truly means.

Actionable strategies for when the reset happens (and yes — preparation beats surprise).

 The U.S. is facing both a stock-market bubble and a real-estate bubble simultaneously — a scenario unlike past major downturns.

(Mike Maloney) Consumer credit-stress indicators are reaching levels not seen since the 2008 crisis: 90-day+ credit-card delinquencies above ~12 % and auto-loan delinquencies at record highs.

Commercial real-estate and commercial mortgage-backed securities are showing warning signs: delinquency rates in office‐CMBS have breached highs from past crises.

The divergence between leading economic indicators (LEI) and the stock market is historically a red flag: when the LEI drops sharply while the stock market remains elevated, a crash tends to follow.

According to Maloney, this is not just a cyclical downturn: he argues we’re in the midst of a “monetary reset” with structural risk, and the real crash hasn’t yet hit — it’s still building.

https://www.youtube.com/watch?v=fstGr4QjJdU