“Tidbits From TNT” Thursday 12-18-2025

TNT:

Tishwash:  Al-Alaq: We succeeded in increasing the size of foreign reserves and curbing inflation.

The Governor of the Central Bank of Iraq, Dr. Ali Al-Alaq, affirmed that maintaining financial and banking stability, public financial sustainability, and curbing inflation are among the most difficult challenges facing countries, and cannot be achieved without operating the various economic sectors, especially in light of global economic and financial complexities.

Al-Alaq explained, during a lecture on development financing in light of the global debt crisis, held on the sidelines of the Fifth Regional Conference of the Al-Baraka Forum for Islamic Economics, which is being held in Cairo in partnership with the General Secretariat of the League of Arab States

And which was attended by Al-Sabah newspaper, that “the Iraqi scene is facing intertwined pressures and accumulated infrastructure and development challenges, which require diversifying the economy and maximizing public revenues,”

Noting that “public finances in Iraq depend on oil exports by more than 90%, which is an unconventional source subject to fluctuations in global prices, which leads to fluctuations in revenues and weak financial stability, which necessitates finding structural solutions.”

He explained that “the limited economic diversification and weak productive sectors have made Iraq a country that is primarily an importer, which puts continuous pressure on the dollar and the exchange rate, especially with the rise in purchasing power and the increase in daily demand for foreign currency, which directly affects monetary policy, which has achieved great success in balancing the maintenance of price levels, managing liquidity, and stimulating the economy.”

He pointed out that "public spending pressures, particularly on salaries, subsidies and basic services, pose an additional challenge," stressing "the difficulty of reducing these expenditures due to the potential social repercussions, at a time when the central bank is striving to avoid inflation and maintain monetary stability to protect the social structure of the country."

Al-Alaq pointed out that “Iraq has been able in recent years to finance part of the financial deficit through the development of non-oil revenues, while continuing to coordinate with the Prime Minister with the aim of maximizing these resources and reducing dependence on oil,” in an effort to break what he described as the “financial dominance” of oil revenues over the general budget.

The governor of the Central Bank affirmed that "the stability of the exchange rate is a pivotal goal, as it provides a safe cover for investors and citizens," noting that "Iraq has succeeded in raising the size of foreign reserves and linking them to a package of integrated monetary policies, which have contributed to reducing the inflation rate to about 1%, which is among the lowest levels recorded."

He added that "Iraq is in the process of governing the banking sector," revealing that "an update is underway in cooperation between the Central Bank and an international company for a comprehensive reform plan, which includes reviewing bank licenses according to new conditions and standards, in order to strengthen the banking system and raise its efficiency."

Regarding Islamic bonds, Al-Alaq explained that "there are no Islamic bond instruments in Iraq yet," noting that "there is an integrated project submitted by the Central Bank to the Iraqi Parliament for voting, which opens new horizons for financing and investment."

On the issue of debt, Al-Alaq stressed "the need to find an organized and continuous international dialogue between creditors and debtors," calling for "the establishment of a regional platform to organize this dialogue and reduce the gap between the two parties, in order to ensure negotiations without significant losses, and to contribute to the implementation of reforms and the strengthening of the economic base with the support of the participating countries."

He pointed to “international studies showing that losses in the debt file may range between 20% and 25% as a result of poorly considered financing conditions or delays,” stressing that “negotiating platforms contribute to reducing these losses and enhancing international cooperation by improving debt conditions, bridging the information gap, and exchanging experiences in economic reform processes.”  link

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Tishwash: ***ATM machine arrived in Hajiawa district for the first time

The first ATM was installed in Hajiawa district of Raperin Autonomous Administration on Thursday, December 18,

This device is dedicated to serving salaried employees, while those who have “my account”, can now withdraw their salaries in their district without having to go outside Hajiawa.

This step will provide great convenience to the citizens of the region and reduce the pressure on the banks of the central administration of Raperin.

It is worth mentioning that the “My Account” project is a strategic project of the Kurdistan Regional Government to digitize the salary payment system and switch from cash to banking.

Currently, several banks are participating in the “My Account” project and salaried employees can open bank accounts through them, namely:

Cihan Bank: One of the private banks active in this project.

RT Bank: Involved in providing banking services to employees.

Iraqi Islamic Bank: Provides services to salaried employees.

BBAC Bank: It is one of the Lebanese banks operating in the region and participating in the project.

NBI (National Bank of Iraq): One of the banks with the most branches in the provinces.  link

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Tishwash: Iraq seeks coordination with the International Trade Centre to enhance trade exchange

Border crossings statement

 The head of the Border Ports Authority, Omar Al-Waeli, discussed on Thursday ways to enhance cooperation and facilitate international trade during his reception of an official delegation from the United Nations International Trade Centre, coming from Switzerland, headed by Pierre Bonthonno, Director of the Trade and Investment Facilitation Department, and Director of Trade Facilitation and Digital Transformation Programs and Trade Policy Advisor.

Network Statement from the Border Ports Authority

The Chairman of the Border Ports Authority, Lieutenant General Dr. Omar Adnan Al-Waili, received an official delegation from the United Nations International Trade Centre, coming from Switzerland, headed by Ms. Pierre Bonthonno, Director of the Trade and Investment Facilitation Department, the Director of Trade Facilitation and Digital Transformation Programs, and a Trade Policy Advisor, with the aim of strengthening cooperation and facilitating international trade.

The Chairman of the Authority provided a detailed explanation of the Authority’s work and efforts in maximizing non-oil revenues and combating smuggling in all its forms, stressing that the Authority is witnessing a broad digital transformation through the introduction of modern technologies, data exchange between the relevant working parties, networking of sonars at all border crossings, and activating cross-border trade according to the TIR system, with direct follow-up and supervision from the Prime Minister.

Al-Waeli stressed the continued hard work to enhance security and stability at border crossings, which will positively impact the increase in trade exchange in Iraq and facilitate international trade.

For their part, the members of the delegation praised the measures taken by the Authority in the field of governance and electronic oversight, and expressed their admiration for the efforts it is making in the field of combating smuggling and rebuilding border crossings, stressing their readiness to provide technical and training support to improve the Authority’s technical capabilities.

This visit reflects the International Trade Centre’s interest in strengthening cooperation with the Border Ports Authority with the aim of improving work efficiency and promoting stability and economic development.  link

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Mot: ole ""Motisums"" Facts bout - ""Christmas is in the air""

Seeds of Wisdom RV and Economics Updates Thursday Morning 12-18-25

Good Morning Dinar Recaps,

European Bank and Commodity Stocks Lead Markets as Metals Signal Hedging Shift

Rising bank shares and surging metals reflect parallel confidence and caution across global markets.

Overview

• European equities moved higher, led by banking and commodity-linked stocks.

• Gold and silver prices remained elevated, signaling persistent hedging demand.

• Oil prices firmed amid geopolitical risk, tightening energy market sentiment.

• Markets show dual behavior, combining risk appetite with defensive positioning.

Key Developments

• Banking stocks drive European gains
  European bank shares led market advances as investors responded to resilient earnings expectations and the prospect of prolonged higher interest margins, despite slowing growth in parts of the region.

• Commodity and mining firms strengthen
  Resource-linked stocks rose alongside firmer prices for industrial metals, reflecting both infrastructure demand expectations and investor hedging against currency and inflation risk.

• Precious metals maintain elevated levels
  Gold and silver prices remained near recent highs, underscoring continued demand for hard-asset protection amid geopolitical tensions, currency volatility, and shifting monetary policy expectations.

• Oil prices react to geopolitical developments
  Energy markets advanced as traders priced in supply risk tied to rising global tensions, reinforcing the link between geopolitics and asset pricing.

Why It Matters

The simultaneous rise in bank equities and precious metals highlights a fractured market psychology — confidence in financial institutions coexists with growing demand for hard-asset protection. This duality reflects uncertainty surrounding monetary stability, geopolitical risk, and long-term currency credibility.

Why It Matters to Foreign Currency Holders

For foreign currency holders, elevated precious metal prices signal diminishing trust in fiat stability, even as financial markets rally. When metals rise alongside equities, it often precedes currency volatility, reinforcing the case for diversification into real assets during monetary transition periods.

Implications for the Global Reset

Pillar 1: Hard Assets Regain Strategic Importance
Gold, silver, and commodities are increasingly viewed as monetary hedges, not just investment assets.

Pillar 2: Banking Strength Masks Systemic Risk
Strong bank performance may reflect margin dynamics rather than systemic stability, suggesting underlying vulnerabilities remain unresolved.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – European shares rise as banking, commodity stocks lead gains

• Reuters – Gold steadies near highs as investors hedge geopolitical and currency risk

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Wild Currency Swings Spotlight Emerging Markets as Dollar Volatility Intensifies

Sharp FX moves reveal stress fractures in the global monetary system and rising de-dollarization pressure.

Overview

• Emerging market currencies experienced sharp swings, outperforming and underperforming in rapid succession.

• U.S. dollar volatility amplified FX moves, increasing stress on global trade and capital flows.

• Investors selectively rotated into higher-yielding currencies, while avoiding structurally weak markets.

• Currency fragmentation accelerated, reflecting a multipolar monetary transition.

Key Developments

• Emerging market FX volatility surges
  Currency markets across Latin America, Asia, and Eastern Europe experienced heightened volatility as shifting U.S. rate expectations and geopolitical risk drove erratic capital flows.

• Selective strength replaces broad EM rallies
  Rather than a unified emerging-market upswing, investors favored countries with strong reserves, credible policy frameworks, and commodity backing, while penalizing high-debt and politically unstable economies.

• Dollar swings disrupt trade dynamics
  Sudden dollar moves complicated trade settlement and hedging strategies, particularly for import-dependent nations, reinforcing demand for local-currency trade arrangements.

• De-dollarization narratives gain momentum
  Volatility reinforced interest in alternative settlement systems, regional payment frameworks, and reserve diversification — even as the dollar remains dominant.

Why It Matters

Currency volatility is no longer an anomaly — it is becoming structural. The growing dispersion among emerging market currencies highlights a transition from a dollar-centric system toward a fragmented, multi-currency environment, where stability is increasingly determined by national balance sheets and policy credibility.

Why It Matters to Foreign Currency Holders

For foreign currency holders, rising FX volatility means currency values can shift rapidly due to policy intervention, capital controls, or geopolitical shocks. Holding currency exposure now carries higher policy risk, making diversification across currencies, assets, and jurisdictions more critical during the global reset.

Implications for the Global Reset

Pillar 1: Fragmented Monetary Order Emerges
Currency performance is increasingly country-specific, signaling the erosion of a one-size-fits-all global monetary framework.

Pillar 2: Dollar Dominance Faces Structural Friction
While the dollar remains central, volatility and politicization are driving nations to seek alternatives for trade and reserves.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – Wild currency swings put emerging markets in the spotlight

• Reuters – Dollar volatility fuels pressure on global FX markets

~~~~~~~~~~

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

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Seeds of Wisdom Team™ Website

Thank you Dinar Rec

MilitiaMan and Crew: IQD News Update-Exchange rate-Global-Monetary Stability

MilitiaMan and Crew: IQD News Update-Exchange rate-Global-Monetary Stability

12-17-2025

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=WxHv2MdX7o4

Seeds of Wisdom RV and Economics Updates Wednesday Evening 12-17-25

Good Evening Dinar Recaps,

Nigeria’s Central Bank Signals Stability as Global Volatility Tests Emerging Markets

Policy reassurance aims to anchor investor confidence amid currency pressure and global financial fragmentation.

Overview

• Nigeria’s central bank reaffirmed its reform commitment, emphasizing financial and currency stability.

• Officials sought to reassure foreign investors, amid rising global market volatility.

• Exchange rate management remains a priority, following recent naira fluctuations.

• Emerging markets face mounting pressure, as capital flows grow more selective.

Key Developments

• CBN reinforces reform trajectory
  The Central Bank of Nigeria (CBN) publicly signaled that it remains committed to structural reforms, disciplined monetary policy, and transparent market mechanisms despite external shocks and global uncertainty.

• Investor confidence placed front and center
  Nigerian officials emphasized consistency in policy direction to prevent capital flight and encourage sustained foreign portfolio and direct investment, particularly as emerging markets compete for scarce global liquidity.

• Currency stability highlighted as a strategic objective
  The CBN acknowledged pressures on the naira but framed recent volatility as part of a broader global trend, not a domestic policy failure. Measures remain focused on reducing distortions and improving FX market functionality.

• Emerging markets under global strain
  Nigeria’s messaging comes as many developing economies struggle with stronger capital controls, dollar volatility, and tightening global financial conditions, underscoring the fragility of emerging-market currencies.

Why It Matters

Nigeria is Africa’s largest economy and a key energy and commodities player. How its central bank manages reform credibility amid global volatility offers insight into whether emerging markets can maintain financial sovereignty without triggering destabilizing capital outflows. The outcome influences regional confidence far beyond Nigeria’s borders.

Why It Matters to Foreign Currency Holders

For foreign currency holders, Nigeria’s stance highlights a growing reality: central banks in emerging markets are prioritizing controlled stability over free-market volatility. Currency values may be increasingly managed, not purely market-driven, reinforcing the importance of diversification and awareness of policy risk during the global monetary reset.

Implications for the Global Reset

Pillar 1: Monetary Sovereignty Over Market Orthodoxy
Emerging markets are asserting tighter control over currency outcomes as global volatility rises, signaling a shift away from hands-off monetary frameworks.

Pillar 2: Capital Becomes Conditional
Foreign capital is no longer assumed — it must be earned through policy credibility, signaling a rebalancing of power between investors and sovereign states.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Investors King – Nigeria’s Central Bank Signals Stable Reform Path to Investors Amid Global Volatility

• Reuters – Emerging market currencies wobble as global volatility intensifies

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India’s Central Bank Steps In as Rupee Volatility Triggers Currency Defense

RBI intervention signals rising global FX stress and a shift toward active currency management.

Overview

• India’s central bank intervened aggressively to halt a sharp decline in the rupee.

• U.S. dollar selling by the RBI stabilized markets, reversing one-way currency pressure.

• Global dollar volatility continues to strain emerging markets.

• Currency defense highlights a broader shift toward hands-on monetary control.

Key Developments

• RBI halts rupee’s downward slide
  The Reserve Bank of India (RBI) entered foreign exchange markets decisively, selling U.S. dollars to counter a rapid depreciation of the rupee. The move marked a clear break from tolerance of market-driven declines.

• One-way trade triggers central bank response
  Traders reported heavy speculative pressure pushing the rupee lower, prompting authorities to act in order to prevent disorderly market conditions and preserve confidence.

• Dollar strength pressures emerging markets
  The intervention reflects mounting strain across emerging-market currencies as shifting U.S. rate expectations and geopolitical risks drive erratic dollar flows.

• FX reserves deployed as strategic buffer
  India’s sizable foreign exchange reserves provided the RBI with room to intervene forcefully, underscoring the importance of reserve accumulation in a volatile global system.

Why It Matters

India’s move reinforces a global pattern: central banks are no longer relying solely on interest rates to manage stability. Direct currency intervention is returning as a core policy tool, signaling rising stress within the international monetary system and increasing fragmentation of currency regimes.

Why It Matters to Foreign Currency Holders

For foreign currency holders, India’s intervention highlights a critical reality — currency markets are increasingly policy-managed. Sudden central bank action can rapidly reverse FX trends, increasing volatility and policy risk while reducing predictability in currency valuations during the global reset.

Implications for the Global Reset

Pillar 1: Return of Active Currency Defense
Central banks are reclaiming control over exchange rates, signaling a move away from fully free-floating currency systems.

Pillar 2: Reserves as Power
Foreign exchange reserves are becoming a strategic weapon, reinforcing the divide between nations that can defend their currencies and those that cannot.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – India’s RBI returns with decisive hand to halt rupee’s one-way slide

• Reuters – Dollar volatility pressures emerging market currencies

~~~~~~~~~~

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

Market Panic Ahead When this System Blows

Market Panic Ahead When this System Blows

Liberty and Finance:  12-17-2025

A shocking exposé has brought to light a pervasive and systemic real estate tax fraud that has been quietly ravaging the financial stability of millions of American households.

 Expert Mitch Vexler has revealed the alarming details of this widespread scheme, which has been orchestrated by local school districts and central appraisal districts across the United States and Canada.

The consequences are dire, with over 42 million households – approximately 36.7% of U.S. households – facing the very real threat of losing their homes due to inflated property taxes.

At the heart of this is the fraudulent overvaluation of property taxes, which violates both federal constitutional law (specifically the 16th Amendment) and state laws. Local school districts and central appraisal districts have been manipulating property assessments to service massive bond debts, resulting in overt taxation that burdens homeowners – particularly retirees and middle-income families.

 This has led to widespread financial distress, bankruptcy risk, and loss of homes, equity from homeowners and undermining the very fabric of the American dream of homeownership.

The scheme is perpetuated by compounded interest on bonds and the continuous issuance of new bonds, with bond debt now estimated at a staggering $5 trillion nationally. Central appraisal districts are ignoring uniform appraisal standards, instead manipulating valuations to meet budgetary targets for school districts. This not only strips equity from homeowners but also creates a deflationary spiral that jeopardizes local economies and the broader financial system.

The real-world impacts of these fraudulent practices are far-reaching, contributing to a housing affordability crisis that is pricing out first-time homebuyers and forcing many to relocate or downsize.

Local examples, such as a failed hotel project in Conroe, Texas, financed with bonds that now burden taxpayers despite no real economic return, illustrate the devastating consequences of this scheme.

While solutions exist, including legal challenges currently pending in courts, systemic resistance persists due to claims of sovereign immunity and “ultravirus” protections by government entities.

Mitch Vexler is calling for grassroots advocacy, encouraging homeowners to unite in pushing local school boards and appraisal districts to adhere to the law and stop the fraud. His organization provides extensive documentation, legal filings, and resources online to empower citizens to fight back and hold responsible parties accountable.

The situation is dire, with the potential for a catastrophic market collapse worse than the 2008 financial crisis if left unchecked. It is imperative that homeowners, policymakers, and the broader public become aware of this issue and take action to prevent further damage.

https://youtu.be/ZVKWk3HYsNY

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 12-17-25

Good Afternoon Dinar Recaps,

U.S. Begins Venezuela Blockade as Trump Assembles “Largest Armada”: Escalation in Oil and Military Pressure

Naval blockade of Venezuelan oil tankers intensifies U.S.–Caracas conflict, with rising geopolitical and economic fallout.

Overview

• President Trump orders a total naval blockade of all U.S.-sanctioned oil tankers going into and out of Venezuela.

• U.S. military presence in the Caribbean surges, described as the largest armada in South American history.

• Venezuela condemns the blockade as unlawful and vows to pursue action at the United Nations.

• Oil markets react, with prices rising on geopolitical risk, while enforcement and legal questions persist.

Key Developments

• Blockade officially announced
  President Donald Trump declared a “total and complete blockade” of all U.S.-sanctioned oil tankers servicing Venezuela, citing allegations that the Maduro regime uses oil revenues to fund terrorism, drug trafficking, and human trafficking. He framed the directive as necessary to reclaim U.S. “stolen” oil, land, and assets and labelled the Venezuelan government a “foreign terrorist organization.” 

• Largest armada deployed near Venezuela
  Trump’s announcement emphasized that Venezuela was “completely surrounded by the largest Armada ever assembled in the history of South America,” with ongoing build-up of U.S. naval forces in the Caribbean. 

• Venezuela condemns the action
  Caracas, led by President Nicolás Maduro, denounced the blockade as a “grotesque threat” and violation of international law, characterizing it as an effort to seize national wealth. The Venezuelan government intends to raise the issue at the United Nations and appeal to the global community. 

• Oil prices respond to disruption fears
  Oil markets saw a rebound from multi-year lows following the blockade announcement, with Brent and WTI crude rising as energy stocks gained. Analysts caution that fundamentals may limit sustained price escalation absent broader supply shocks. 

Why It Matters

The blockade marks a significant escalation in U.S.–Venezuelan tensions and reflects a broader Trump administration strategy of blending economic sanctions with military pressure. By targeting Venezuela’s critical oil exports, the policy places severe strain on the country’s already fragile economy and raises the specter of deeper conflict. Global markets and geopolitical alignments could shift as countries react to enforcement actions and diplomatic fallout.

Why It Matters to Global Energy Markets
Venezuela holds the world’s largest proven oil reserves. Disruptions to its crude exports under blockade pressure may reverberate through global oil supply chains, affecting prices, trade flows, and energy security strategies—particularly among major consumers and producers. 

Implications for the Global Reset

Pillar 1: Militarized Economic Warfare
The Venezuela blockade illustrates a fusion of military force and economic policy to exert pressure on a sovereign state’s resource sector—redefining how sanctions and security strategies intertwine.

Pillar 2: Geopolitical Polarization and Legal Contention
Global institutions and foreign governments may be drawn into disputes over international law, freedom of navigation, and the legitimacy of naval blockades, potentially reshaping diplomatic alliances and norms.

This is not just geopolitics — it’s a reordering of power, resources, and legal frameworks in global affairs.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Newsweek – “Venezuela Blockade Begins as Trump Assembles ‘Largest Armada’: Live Update” 

• ABC News – “Trump announces 'TOTAL AND COMPLETE BLOCKADE' of sanctioned Venezuelan oil tankers”

• Al Jazeera – “Trump orders naval blockade of sanctioned Venezuelan oil tankers” 

• The Guardian – “Trump news at a glance: president ratchets up pressure on Maduro with oil tanker blockade” 

• Barron’s – “Oil Prices Jump Off Multi-Year Lows as Trump Orders Venezuela Blockade”

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Asian Markets Rebound as Tech Leads Risk-On Shift Across the Region

Technology shares lift Asian equities as investors rotate toward growth amid global monetary recalibration.

Overview

• Asian equity markets advanced broadly, led by gains in technology and semiconductor stocks.

• Investor sentiment turned risk-on, signaling confidence despite global macro uncertainty.

• Regional divergence remains, with some markets lagging due to domestic pressures.

• Capital flows reflect global asset rotation, not economic normalization.

Key Developments

• Tech stocks drive regional gains
  Major Asian indices, including Japan’s Nikkei and Hong Kong’s Hang Seng, moved higher as technology and AI-linked shares rebounded. Semiconductor and chip-equipment firms led the advance, benefiting from renewed global demand expectations.

• China and Hong Kong stabilize cautiously
  Chinese and Hong Kong markets showed modest improvement as investors weighed stimulus expectations against lingering structural concerns in property and debt markets. Gains were selective rather than broad-based.

• Mixed performance across Asia-Pacific
  While Japan, South Korea, and China saw gains, markets such as Australia and parts of Southeast Asia underperformed due to commodity price sensitivity and domestic growth concerns.

• Global liquidity expectations influence flows
  The rebound reflects anticipation that major central banks are nearing policy inflection points, encouraging investors to reposition into growth-oriented assets ahead of broader monetary shifts.

Why It Matters

Asian equity movements often act as an early signal of global capital reallocation trends. The renewed appetite for technology and growth assets suggests investors are positioning for structural changes in liquidity, productivity, and digital infrastructure rather than short-term economic relief. This behavior aligns with a world transitioning toward multipolar capital markets.

Why It Matters to Foreign Currency Holders

Currency holders should note that risk-on equity flows often weaken safe-haven currencies while strengthening regional and emerging-market currencies. As capital rotates into Asian assets, demand for local currencies can rise temporarily — but volatility increases if expectations reverse. This underscores the importance of diversification during global monetary transition phases.

Implications for the Global Reset

Pillar 1: Capital Rotation Over Economic Recovery
Markets are reallocating capital in anticipation of system change, not cyclical recovery — a hallmark of late-stage monetary restructuring.

Pillar 2: Asia’s Role in the Next Financial Order
Asia’s tech and manufacturing base continues to attract global liquidity, reinforcing its role as a cornerstone of the emerging multipolar financial system.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “Asian stocks rise as tech shares rebound, risk appetite improves”

• Reuters – “Global investors rotate toward growth as policy outlook shifts”

~~~~~~~~~~

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

Seeds of Wisdom RV and Economics Updates Wednesday Morning 12-17-25

Good Morning Dinar Recaps,

Trump Expands Travel Ban to Seven More Nations, Including Syria

Hardline immigration policy intensifies as new restrictions take effect January 1.

Overview

• President Trump broadens U.S. travel ban, adding seven countries, including Syria.

• Policy builds on earlier prohibitions, with national security cited as justification.

• Diplomatic tensions rise, even amid U.S. engagement with some affected states.

• Legal and political challenges loom, domestically and internationally.

Key Developments

• Expansion of the travel ban effective January 1
  President Donald Trump has announced the inclusion of seven additional countries under a full U.S. travel ban, barring entry of citizens from those states starting January 1. Syria is among the newly listed nations. The move extends the scope of earlier restrictions first instituted in June, which had imposed a full ban on 12 countries and partial limits on seven others.

• National security cited as primary rationale
  The White House attributes the expanded ban to continuing deficiencies in screening, vetting, and information-sharing, which it says create unacceptable risks to U.S. national security and public safety.

• Contrasts with diplomatic efforts
  The decision coincides with recent U.S. diplomatic engagement, including outreach to Syria’s new leader Ahmed al-Sharaa, reflecting a complex interplay between security-driven policy and foreign relations.

• Context of recent security incidents
  The announcement follows a deadly attack in Syria that killed two U.S. soldiers and a civilian interpreter, and comes amid heated domestic debate over immigration after a fatal shooting in Washington, D.C., by an Afghan national admitted through a resettlement program.

Why It Matters

The expanded travel ban highlights a renewed emphasis on restrictive immigration policies in the Trump administration’s second term, even as diplomatic efforts continue with some affected nations. By prioritizing security concerns over openness, the policy could exacerbate tensions with African and Middle Eastern states and fuel ongoing legal, political, and ethical debates surrounding broad travel restrictions.

Why It Matters to Affected Populations
Citizens from the newly banned countries — including immigrants, students, business travellers, and asylum seekers — will face significant hurdles entering the U.S. Meanwhile, the policy reinforces domestic narratives linking immigration control to security imperatives, even as critics warn of diplomatic fallout and civil rights issues.

What’s Next

• Further immigration restrictions possible: Administration officials indicate additional measures could be introduced as part of an intensified security posture.

• Legal challenges likely: Civil rights groups and individuals affected by the bans are expected to mount court challenges, similar to earlier legal battles during Trump’s first term.

• Diplomatic balancing act: Washington will need to navigate strained relations with newly targeted countries, particularly across Africa and the Middle East, while pursuing broader foreign policy objectives.

This is not just policy — it’s geopolitics and national security reshaping global movement.
Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy – “Trump Widens Travel Ban to Seven More Countries, Including Syria”

• Reuters – “U.S. expands travel ban, citing security concerns”

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BRICS Push De-Dollarization, but the Dollar Still Dominates by the Numbers

Ambitions to weaken the U.S. dollar collide with hard data showing its continued global supremacy.

Overview

• BRICS nations openly pursue de-dollarization, seeking alternatives to the U.S. dollar in trade and reserves.

• Internal divisions persist, with competing visions favoring the yuan, a BRICS currency, or local currencies.

• U.S. dollar reserve share has declined, yet its role in global transactions has strengthened.

• Market reality contradicts rhetoric, underscoring the difficulty of dethroning the greenback.

Key Developments

• De-dollarization lacks unified execution
  While China, Russia, Iran, and others advocate abandoning the U.S. dollar, BRICS members remain split on what should replace it. This absence of consensus weakens collective momentum and limits practical impact.

• Dollar’s reserve share declines, but influence remains strong
  The U.S. dollar’s portion of global reserves has fallen from 85% in the 1970s to about 58% by 2025, reflecting diversification into gold and alternative currencies—particularly among emerging economies.

• Transaction dominance tells a different story
  Despite lower reserve share, the dollar accounts for roughly 90% of global foreign exchange transactions and 48% of SWIFT payments, reinforcing its central role in global trade and finance.

• Yuan adoption remains limited
  The Chinese yuan, often promoted as a dollar alternative, represents around 7% of global foreign exchange transactions, highlighting the steep gap between ambition and adoption.

Why It Matters

The contrast between declining reserve holdings and rising transactional dominance reveals a structural truth: diversification does not equal displacement. While BRICS nations hedge against dollar risk through gold accumulation and local-currency trade, the global financial system remains deeply anchored to the U.S. dollar’s liquidity, trust, and infrastructure.

Why It Matters to Foreign Currency Holders
Currency holders watching de-dollarization narratives must distinguish between long-term strategy and near-term reality. Volatility may increase as diversification continues, but the dollar’s entrenched role suggests abrupt displacement remains unlikely.

Implications for the Global Reset

Pillar 1: Fragmentation Delays Systemic Change
Without alignment on a single alternative, BRICS efforts diffuse rather than consolidate power, slowing any meaningful challenge to the existing monetary order.

Pillar 2: Dollar Dominance Shifts, Not Disappears
The global reset is unfolding through gradual rebalancing—more gold, more regional trade—but within a system where the dollar still functions as the primary global lubricant.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher.Guru – “BRICS Strive for De-Dollarization, But Numbers Tell a Different Story”

• International Monetary Fund – “Currency Composition of Official Foreign Exchange Reserves (COFER)”

~~~~~~~~~~

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

“Tidbits From TNT” Wednesday Morning 12-17-2025

TNT:

Tishwash:  Iraq and Indonesia discuss strategic cooperation in the oil and gas sector.

Iraq and Indonesia discussed on Tuesday the possibility of strengthening strategic cooperation in the oil and gas sector, which would include Pertamina International Energy Company (PIEP).

These discussions took place during a meeting held in Jakarta on Tuesday between Deputy Minister of Energy and Mineral Resources, Yuliut Tanjung, and Deputy Minister of Exploration and Production Affairs at the Iraqi Ministry of Oil, Basim Mohammed Qadhir.

Tanjung said: “The Indonesian government is committed to promoting sustainable and mutually beneficial cooperation in the oil and gas sector, not only to enhance national energy security, but also to create added value for both countries through capacity building and knowledge transfer.”

Pertamina International Energy Company (PIEP) participated in the project due to its role as an operational provider in the oil and gas sector, particularly in supporting the development of oil and gas fields in Iraq, while promoting efforts to achieve energy self-sufficiency nationwide.

Indonesian-Iraqi cooperation in the oil and gas sector is currently being prepared through an intergovernmental memorandum of understanding that has been submitted to Iraq through diplomatic channels and is currently under discussion.

The scope of cooperation under discussion includes facilitating oil and gas trade and investment, promoting technology transfer and exchange of expertise, conducting joint research, and developing human capacity-building activities.

Furthermore, the cooperation also aims to provide opportunities for Indonesian state-owned companies to participate in oil and gas projects in Iraq, and to enhance coordination between stakeholders in both countries.

Other areas of cooperation discussed include capacity building (training and universities), seismic data research and management, and drilling.

Qadhir said: “The memorandum of understanding in the oil, gas and energy sector will provide opportunities for greater cooperation between the two countries in the energy sector.”

PIEP currently holds a 20% participating interest in one of Iraq's oil fields.

The Iraqi government invited Indonesia, through Pertamina, to jointly manage existing producing oil fields and explore potential “green” oil fields, as part of a joint project.  link

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Tishwash:  A presidential decree sets the 29th of this month as the date for the first parliamentary session.

 The President of the Republic issued a presidential decree on Tuesday setting the date for the first session of the new parliament on December 29, to be chaired by the oldest member.  link

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Tishwash:  Sudanese advisor: 8 trillion dinars in tax revenues expected this year as a result of financial reform policies

 The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, predicted that the state would achieve initial tax revenues of approximately 8 trillion dinars during the current year 2025, explaining that this figure represents about 50 percent of the total non-oil revenues estimated between 16 and 17 trillion dinars, at a time when initial estimates indicate the possibility of non-oil revenues rising to about 18 trillion dinars by the end of the year .

Saleh said, "These indicators reflect a gradual shift in the structure of public revenues as a result of the policies adopted by the government within its economic and financial reform program, which aims to reduce dependence on oil as a primary source of public revenues and to enhance resources." 

He explained that “the government, with legislative support from the House of Representatives since 2022, has developed a broad reform roadmap aimed at raising the contribution of non-oil revenues to about 20 percent of total public revenues in annual budgets, after it did not exceed 10 percent in previous years, which is considered a structural transformation in public finance management.” 

Saleh explained that “improving the efficiency of indirect tax collection, especially customs, is an important factor, as every 1 percent increase in the efficiency of customs collection, at current levels, provides additional revenues exceeding 800 billion dinars annually,” stressing that “these additional resources have a real ability to finance the salaries of tens of thousands of public service employees and alleviate the pressure on the public treasury.” 

The financial advisor pointed out that “raising the efficiency of collection is directly related to bringing the tax authority into the scope of broad digital governance, especially in collection and enforcement operations, explaining that this transformation has begun to take its practical course through the electronic customs project, which has begun using information technology and ASYCUDA systems in the inspection and evaluation of goods entering the country.” 

He added, "These steps complement the control of border crossings and linking them to modern electronic systems, in addition to coordinating with foreign trade financing systems in foreign currency, in order to achieve better control over import movement and reduce waste and misuse of foreign currency provided by the state." 

Saleh emphasized that "these measures combined contribute to reducing tax evasion, whether in customs duties or the resulting commercial profits taxes, as well as enhancing transparency in import, pricing and external financing operations."  link

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Tishwash:  The Sudanese government summarizes its achievements in the economic sector and promises employees salary adjustments.

Prime Minister Mohammed Shia al-Sudani spoke on Tuesday about the achievements made during his tenure as head of the Iraqi government regarding the economy and energy sector, while indicating that the time has come to address the disparity in the salaries of state employees and to achieve fairness and justice among them.

In a televised interview followed by “Mail”, Al-Sudani said, “The three-year budget provided stability in spending and ensured the financing of projects, and I expect we will not go to three-year budgets anymore,” indicating that “Iraq’s budget was $24 billion in 2004.”

He added that "the number of employees in 2025 is 4 million and 550 thousand," noting that "the number of civilian and military retirees is 2 million and 960 thousand."

He pointed out that "43 million citizens benefit from the ration card," explaining that "4 million and 500 thousand names that were not entitled were being issued the ration card."

He added that "more than 22 trillion dinars are spent annually on the energy sector," noting that "social protection allocations amounted to 6 trillion dinars annually."

He explained that "12 trillion dinars are allocated to service projects from the annual budget," stressing, "We have made important reforms to reduce expenses and financial waste."

He pointed out that "reviewing previous electricity contracts saved 43% of previous costs," indicating that "there are those who reject institutional organization because they thrive on chaos."

He went on to say: “There is no country in the world today without internal or external debt,” noting that “all budgets approved by previous governments include a financial deficit.”

He stated that "the total external debt is $10 billion and 56 million," noting that "Iraq's external debt is the lowest among the countries of the region."

He added that "the financial crisis can be overcome without harming citizens," noting that "Iraq's gold reserves have increased from 130 to 172 tons."

Al-Sudani confirmed that "the inflation rate has decreased from 7.5% to 2.7%," noting that "the government has managed to reduce the gap in the exchange rate."

He continued: "We tend to be stable in fixing the exchange rate and not changing it every so often," noting that "we supported correcting the situation of private banks and their return to the market."

He added: "It is time to review the disparity in the salary scale of state employees," noting that "there are 34 laws and special decisions related to the salaries of state employees."

He stressed the need to amend the laws relating to additional allowances, noting that "the state is responsible for protecting the private sector from extortion and bureaucracy."

He continued: "We have obtained many gains for the state through distinguished investments," stressing "the development of 66 streets in Sadr City in exchange for an investment license for 200 dunams."

He explained that "investments provide important additional revenues for the country," noting that "the project to develop the four Kirkuk oil fields is worth $26 billion."

He pointed out that "ExxonMobil's return is due to the transparency of the procedures taken by the government," stressing that "ExxonMobil, Chevron and Halliburton possess modern technology and techniques."

He explained that "residential cities provide alternative options for all classes."

The Prime Minister pointed out that "flaring associated gas was causing a loss of $5 billion annually," indicating that "associated gas investment projects have reached 72%."

He added that "for the first time, Iraq is exporting kerosene by signing a contract for 100,000 tons."

He pointed out that "the submerged tunnel is an architectural masterpiece being implemented for the first time in the region," explaining that "the development road is used for transporting oil, gas and communications."

He added that "the regulatory bodies confirmed that there were no high estimates in the costs of the projects," noting that "economic crises are a global context that many countries are experiencing."  link

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Mot:  Should I Share??? -- Yeppers! ""first day of Christmas"" 

Iraq Economic News and Points To Ponder Tuesday Evening 12-16-25

The European Bank Injects $100 Million Into The National Bank And Encourages International Markets To Enter Iraq

Banks   Economy News – Baghdad   The European Bank for Reconstruction and Development (EBRD) expressed its pride in signing its first investment agreement in Iraq, providing $100 million in financing to the National Bank of Iraq. The bank emphasized that this facility represents a significant achievement in supporting the country's economy by expanding trade finance and enhancing integration with international markets.

In a statement, the EBRD said, "This facility will support import and export activities in Iraq and strengthen the National Bank of Iraq's trade finance operations by issuing guarantees to approved banks and providing advance payments for import, export, and local distribution of goods under the EBRD's Trade Facilitation Programme."

He added that the financing facility "will contribute to enhancing trade integration in Iraq by providing guarantees and lines of credit to mitigate political and commercial payment risks associated with international transactions conducted by partner banks in the economies where the EBRD operates."

He explained that "this investment will also contribute to improving access to finance for micro, small, and medium-sized enterprises (MSMEs), facilitating intra-regional trade, and assisting the National Bank of Iraq (NBI) in diversifying its correspondent banking network and strengthening trade finance links with other countries where the EBRD operates."
Katarina Björlin-Hansen, Head of the EBRD office in Iraq, said, "We are proud to sign our first investment agreement in Iraq, in partnership with the National Bank of Iraq (NBI)."

She noted that "this facility is a significant achievement in supporting the country's economy by expanding trade finance, enhancing integration with international markets, and supporting the resilience of local businesses. We look forward to playing a pivotal role in building strong financial institutions and supporting sustainable economic growth in Iraq."

For his part, Ayman Abu Dhaim, Managing Director of the National Bank of Iraq (NBI), stated, "This represents The partnership with the European Bank for Reconstruction and Development (EBRD) marks a significant milestone in the growth of the National Bank of Iraq (NBI) and the Iraqi financial landscape.

Through this facility, we aim to improve trade flows, empower Iraqi businesses, particularly micro, small, and medium-sized enterprises (MSMEs), and open new channels connecting Iraq to global markets with greater stability and reliability. This partnership reflects our ongoing commitment to driving economic development and supporting Iraq's integration with the regional and international economy.

It is worth noting that the EBRD launched its Trade Finance Programme in 1999 to promote international trade among the economies of the regions where it operates by providing guarantees and short-term loans to selected participating banks and finance companies.

NBI is the largest private bank in Iraq, a full-service bank offering banking services to individuals, SMEs, and large corporations, in addition to trade finance and treasury services. Established in 1995, the bank is majority-owned by Capital Bank (Jordan), a client of the EBRD since 2015.

The European Bank for Reconstruction and Development (EBRD) began its operations in Iraq in September 2025, focusing on the private sector to facilitate its access to finance, support local businesses, and promote long-term sustainable growth, thereby contributing to the transformation of the country’s economy. https://economy-news.net/content.php?id=63471

Al-Sudani: Iraq's External Debt Is More Than $10 Billion, The Lowest Among The Countries Of The Region

Tuesday, December 16, 2025 20:09 | Economy Number of views: 153  Baghdad / NINA / Prime Minister Mohammed Shia al-Sudani announced that Iraq's external debt stands at $10.056 billion, the lowest among countries in the region.

In televised remarks, al-Sudani stated, "The financial crisis can be overcome without harming citizens," noting that "all previous budgets have included a deficit." /End  https://ninanews.com/Website/News/Details?key=1267116

The Oil Company Announces An Increase In Iraqi Exports To The United States

Baratha News Agency2162025-12-16   The Iraqi State Oil Marketing Company (SOMO) announced on Sunday that oil exports to the United States had increased by approximately 435,000 barrels per day.

The company indicated that its strategy is based on diversifying markets, maintaining market balance, and ensuring the continuity of oil exports. SOMO Director General Ali Nizar Al-Shatri told the official news agency that "the increase recorded in Iraqi oil exports to the United States during the past week does not reflect a change in marketing policy or approved allocations, but rather is due to temporary logistical factors.

" He pointed out that "the arrival of Iraqi oil exports to the United States at approximately 435,000 barrels per day during the past week was a result of concentrating the loading of several shipments within a short period of time, due to transportation schedules, refinery needs, and port conditions."

He also added that "this timing may give the impression of higher weekly exports, while the actual exported quantities on a monthly basis remain within the normal rates allocated to American companies," explaining that "the monthly allocations of Iraqi crude oil to American companies are still below the contractual ceiling, due to the limited quantities available for export."

He stated that “talking about Iraq occupying the second position among the largest oil exporters to the United States does not reflect the true picture when relying on stable monthly and quarterly indicators,” noting that “quarterly data issued by specialized entities, such as Kpler, shows that Iraq ranked eighth among crude oil suppliers to the American market during the last quarter of 2025, at a rate of approximately 3 million barrels per month,” pointing out that “the latest data issued by the US Energy Information Administration (EIA) for the seventh month of this year places Iraq in seventh place on the list of suppliers.”

He stressed that "the advanced appearance in some weekly reports is due to the concentration of shipments arriving within short periods, and does not reflect the true ranking based on monthly and quarterly rates."

Regarding the possibility of Iraq remaining in a leading position among the major oil suppliers to the United States, he explained that “Iraq will continue to supply American companies with crude oil according to the approved marketing policy, and in a way that ensures the stability and continuity of exports, similar to the rest of the global markets, especially Asian and European markets, with different export ratios depending on price preference and within the concluded contracts.”

He also stressed that “the weekly increase in exports does not represent a new strategic direction towards the American market, but rather is the result of temporary factors related to the scheduling of shipments, logistical conditions and the needs of refineries during a specific period,” explaining that “SOMO’s strategy is based on diversifying markets and maintaining their balance and continuity of oil exports, in a way that serves the country’s interest and preserves oil wealth and its revenues.”

Regarding the impact of oil exports on economic relations between Baghdad and Washington, he pointed out that “the stability of Iraqi exports to the American market contributes to strengthening trade and economic relations between the two countries, especially in the energy sector,” noting that “this may encourage American companies to invest in Iraq and participate in implementing strategic projects in the oil sector and the energy sector in general, which will positively impact economic development, the transfer of expertise and technology, and support stability in this vital sector.”
https://burathanews.com/arabic/economic/468956

Oil Prices Fall Below $60

Economy | 16/12/2025   Mawazin News - Baghdad:   Oil prices fell by about 1.5% on Tuesday, dropping below $60 a barrel, their lowest level since May of this year. This decline extended losses from the previous session amid signs of a possible peace agreement between Russia and Ukraine, and the potential easing of sanctions on Russian crude.

Brent crude futures fell 1.5% to $59.65 a barrel,  while US West Texas Intermediate crude settled at $55.87 a barrel, down 1.6%.

US officials said the United States offered Ukraine security guarantees similar to those provided by NATO, an unprecedented move that has sparked optimism in some European capitals that talks are nearing the stage of negotiating an end to the conflict, according to Reuters. https://www.mawazin.net/Details.aspx?jimare=271679

New buying opportunities... Gold prices decline in Baghdad

Economy | 16/12/2025   Mawazin News - Baghdad:  Gold prices, both foreign and Iraqi, have decreased in local markets  in Baghdad. This morning, the wholesale price of one mithqal (approximately 4.5 grams) of 21-karat gold from the Gulf, Turkey, and Europe was 862,000 Iraqi dinars, while the buying price was 858,000 dinars. This is a decrease from yesterday morning's price of 877,000 dinars.

Meanwhile, the selling price of one mithqal of 21-karat Iraqi gold was 832,000 dinars, and the buying price was 828,000 dinars.   As for gold prices in jewelry shops, the selling price of one mithqal of 21-karat Gulf gold ranged between 865,000 and 875,000 dinars, while the selling price of one mithqal of Iraqi gold ranged between 835,000 and 845,000 dinars.   https://www.mawazin.net/Details.aspx?jimare=271657

The Dollar Is Declining As The Stock Exchange In Baghdad Closes

Economy | 16/12/2025   Mawazin News - Baghdad:   The exchange rate of the US dollar against the Iraqi dinar fell in Baghdad markets following the closure of the stock exchange.

The dollar dropped in the Al-Kifah and Al-Harithiya exchanges, reaching 142,700 dinars per 100 dollars, compared to 143,100 dinars per 100 dollars earlier today.

The selling price at currency exchange shops in Baghdad's local markets also decreased, reaching 143,250 dinars per 100 dollars, while the buying price was 142,250 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=271676

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

$9 Trillion of the National Debt Must be Paid Back in 2026

$9 Trillion of the National Debt Must be Paid Back in 2026

Heresy Financial:  12-15-2025

The United States is on the cusp of a significant financial event: rolling over a staggering $9 trillion of national debt in 2026. This amount represents over a quarter of the country’s total debt load of $38 trillion.

At first glance, the figure may seem alarming, sparking concerns about a potential liquidity crisis or default. However, a closer examination of the facts reveals that the situation is more manageable than it initially appears.

The debt rollover involves paying back maturing debt while simultaneously borrowing new funds to replace it. Much of this debt consists of short-term Treasury bills (T-bills) with maturities within a year, as well as longer-term notes and bonds.

 While the sheer size of the rollover is substantial, the government’s ability to refinance the debt is supported by the fact that most of the maturing debt is held by investors who already have cash parked in money market funds and other financial instruments heavily invested in Treasury securities.

The Federal Reserve’s recent actions have provided additional support for rolling over the debt at manageable costs. By lowering short-term interest rates and restarting quantitative easing (QE), the Fed has helped to create a favorable environment for debt refinancing.

 Although current interest rates for new debt issuance are higher than the average rates on existing debt, particularly for longer-term bonds, most of the rollover is expected to be in short-term debt. This means that rates could remain stable or even decline if the Fed cuts rates further.

The government has taken a strategic approach to managing its debt by concentrating much of it at the short end of the maturity curve. This allows for greater flexibility in refinancing debt at potentially lower rates when the Fed reduces short-term borrowing costs, rather than locking in higher rates on longer-term bonds.

By doing so, the government is able to take advantage of more favorable interest rates, reducing the overall cost of borrowing.

One common misconception about debt rollover is that it involves money leaving the financial system. However, the reality is that funds simply move between accounts, often cycling through Treasury securities.

This process does not drain liquidity from the system but rather redistributes it. As a result, the risk of a liquidity crisis or default is minimal.

While the $9 trillion debt rollover is undoubtedly a significant event, it is unlikely to cause a default or sharp rise in borrowing costs.

 Instead, debt maturities will continue to cluster at the short end of the curve until economic or policy changes, such as lower long-term interest rates, enable more long-term refinancing. By understanding the facts surrounding the debt rollover and the government’s strategic approach to debt management, investors and policymakers can better navigate this significant financial event.

For further insights and information, be sure to watch the full video from Heresy Financial, which provides a more in-depth analysis of the $9 trillion debt rollover and its implications for the US economy.

https://youtu.be/SWPRNRsDehw

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 12-16-25

Good Afternoon Dinar Recaps,

U.S. Suspends UK Tech Deal as Critical Minerals Shift Trade Leverage

Technology cooperation stalls amid trade disputes, while rare earth discovery strengthens U.S. strategic position

Overview

• U.S. halts technology cooperation with the UK over unresolved non-tariff trade disputes tied to regulation and market access.

• Agreement covered AI, quantum computing, and civil nuclear energy, sectors critical to long-term economic and security planning.

• Rare earth mineral discovery in Utah boosts U.S. leverage in clean energy and advanced technology supply chains.

• Trade, technology, and energy policy increasingly intertwined as strategic competition intensifies.

Key Developments

U.S. suspends technology agreement with Britain
The United States has suspended a bilateral technology cooperation deal with the UK that focused on artificial intelligence, quantum computing, and civil nuclear collaboration. According to Reuters, the move stems from disputes over non-tariff trade barriers, including food standards and industrial goods regulation, rather than the technology sectors themselves.

Non-tariff trade tensions spill into strategic sectors
While not framed as a political break, the suspension highlights how regulatory disagreements are increasingly impacting strategic cooperation. Technology and energy initiatives are now directly affected by broader trade negotiations, signaling reduced tolerance for unresolved market frictions.

Rare earth discovery strengthens U.S. trade position
Separately, a Utah-based mining company announced the discovery of a significant critical mineral deposit. Rare earth elements are essential for clean energy technologies, defense systems, electric vehicles, and advanced electronics — areas where global supply chains are currently dominated by China.

Critical minerals reshape leverage in global trade rivalries
The discovery could reduce U.S. reliance on foreign suppliers and enhance bargaining power in trade negotiations, particularly as access to strategic resources becomes a central feature of economic diplomacy.

Why It Matters

The suspension of the U.S.–UK tech deal underscores how trade disputes are no longer confined to tariffs and quotas but are now influencing cooperation in high-value strategic industries. At the same time, strengthening domestic access to critical minerals provides the U.S. with new leverage in global negotiations, reinforcing the link between resource security, technology leadership, and geopolitical power.

Why It Matters to Foreign Currency Holders

The suspension of the U.S.–UK technology agreement and the domestic rare earth discovery both reinforce the U.S. dollar’s central role in strategic finance and trade leverage. Foreign currency holders are directly affected because access to critical technologies and materials increasingly aligns with U.S.-dominated supply chains and payment networks. As America consolidates control over high-value resources and technology exports, non-dollar economies may face higher transaction costs, limited access to cutting-edge industrial inputs, and greater dependence on U.S.-regulated trade channels. This shift strengthens the dollar’s influence in global finance, cross-border payments, and reserve management, marking another step in the ongoing global monetary and strategic realignment.

Implications for the Global Reset

Pillar 1: Strategic Decoupling Through Regulation
Trade rules and regulatory alignment are becoming tools of economic statecraft, reshaping alliances and limiting cooperation even among close partners.

Pillar 2: Resource Control Equals Financial Power
Securing domestic rare earth supplies strengthens national resilience, supports energy transition goals, and reduces exposure to geopolitical pressure points.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

•  Reuters – U.S. suspends technology cooperation deal with UK amid trade disputes

• OilPrice.com – New critical mineral discovery offers U.S. counterweight in trade war

• Reuters – Global trade tensions increasingly impact strategic technology sectors

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PAYPAL MOVES TOWARD BANK STATUS, BLURRING LINES BETWEEN PAYMENTS AND BANKING

Fintech giant seeks U.S. bank charter, accelerating the convergence of digital payments and traditional finance

Overview

• PayPal files for a U.S. bank charter, signaling a major shift from payments platform to regulated financial institution.

• Move would allow PayPal to hold insured deposits and expand lending activities.

• Fintechs continue migrating into core banking functions, challenging legacy institutions.

• Payments infrastructure increasingly merges with credit creation and liquidity control.

Key Developments

PayPal applies for bank charter
PayPal has filed an application to establish a U.S. bank, seeking regulatory approval to operate under a banking charter. The move would allow the payments firm to accept insured deposits and directly expand its lending operations.

Expansion beyond payments into lending
By pursuing bank status, PayPal positions itself to deepen its role in consumer and merchant credit, moving beyond transaction processing into balance-sheet driven financial services.

Regulatory normalization of fintech banking
The filing reflects a broader trend of regulators allowing large fintech firms to integrate into the traditional banking system rather than operate at its edges. This reduces regulatory arbitrage while reshaping competitive dynamics.

Pressure on traditional banks intensifies
Legacy banks face growing competition as payments companies leverage massive user bases, real-time transaction data, and digital infrastructure to offer banking-like services with lower overhead.

Why It Matters

Payments platforms evolving into banks represent a structural shift in how money flows through the financial system. Control over deposits, lending, and payments increasingly consolidates within technology-driven institutions, altering credit allocation, liquidity management, and systemic risk dynamics.

Why It Matters to Foreign Currency Holders

As major payment platforms move into regulated banking, control over dollar-based transaction flows and credit creation becomes increasingly centralized within U.S.-regulated institutions. For foreign currency holders, this reinforces the dominance of the U.S. dollar in cross-border payments, settlement, and liquidity access. Countries and individuals operating outside the dollar system may face higher transaction friction, greater reliance on U.S. financial infrastructure, and increased exposure to U.S. regulatory and policy decisions. The consolidation of payments, deposits, and lending under U.S. oversight strengthens America’s leverage over global financial rails — a key dynamic in the ongoing global monetary reset.

Implications for the Global Reset

Pillar 1: Payments Become the New Banking Core
Transaction networks are transforming into financial hubs, redefining how deposits, credit, and liquidity circulate globally.

Pillar 2: Regulatory Absorption, Not Suppression
Rather than restricting fintech, regulators are integrating it into the banking framework — reshaping the financial system from within.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “Payments firm PayPal files for bank charter in lending push”

• WSJ -- "PayPal Applies to Establish Bank"

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Energy Stocks Lag as Oil Slides, Pressuring Wall Street

Falling crude prices and weak demand signals weigh on markets

Overview

• Energy and healthcare stocks underperform, contributing to flat-to-weak performance on Wall Street.

• Oil prices tumble amid oversupply concerns, with global benchmarks hitting multi-month lows.

• U.S. gasoline prices slide toward multi-year lows, easing consumers but signaling demand softness.

• Investor caution grows around macro outlook, energy demand, and earnings visibility.

Key Developments

Energy sector drags broader markets
Recent trading sessions have seen energy stocks lag the broader market, alongside weakness in healthcare shares. Reuters reports that the underperformance has weighed on major Wall Street indices as investors reassess growth expectations and sector leadership.

Oil prices sink on oversupply and weak demand
Crude prices have fallen sharply, with Brent dropping below $60 a barrel and U.S. crude trading near $55. Rising global supply, elevated U.S. production, and softer demand signals from key economies have intensified downside pressure.

Gasoline prices fall toward multi-year lows
According to Barron’s, U.S. gasoline prices are trending toward their lowest levels in years. While this provides near-term relief for consumers, it also reflects slowing fuel demand and broader economic caution.

Markets reassess energy’s role in inflation and growth
Lower energy prices reduce headline inflation pressures but raise concerns about weakening industrial activity and global consumption trends, complicating the outlook for central banks and equity markets.

Why It Matters

Energy has been a key driver of inflation, profits, and geopolitical leverage in recent years. Sustained weakness in oil prices and energy equities signals a potential shift toward slower global growth, changing market leadership, and recalibrated expectations for earnings, inflation, and monetary policy.

Why It Matters to Foreign Currency Holders

Weakness in energy stocks and falling oil prices affect foreign currency holders through exposure to commodity-linked currencies (like CAD, NOK, and AUD) and global trade settlements tied to energy flows. Lower oil revenues can reduce FX inflows for exporting nations, potentially weakening their currencies and influencing central bank interventions. For holders of non-U.S. currencies, this also signals greater dependence on the U.S. dollar as a stable store of value, particularly as energy-driven capital rotations and demand shocks recalibrate global financial flows and reserve strategies.

Implications for the Global Reset

Pillar 1: Demand Signals Replace Supply Shock
Markets are transitioning from supply-driven energy shocks to demand-driven pricing, reshaping inflation forecasts and investment flows.

Pillar 2: Energy No Longer the Market Anchor
As energy stocks lose momentum, capital rotation highlights a broader rebalancing within global equity markets and commodity cycles.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “Wall Street futures slip as investors brace for key U.S. jobs report”

• Barron’s – “Oil prices tumble as oversupply grows; U.S. gasoline nears multi-year lows”

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GOLD OUTLOOK SHIFTS AS METALS SIGNAL MACRO REALIGNMENT

Precious metals reflect changing inflation expectations, policy outlooks, and reserve strategies

Overview

• Gold prices react to shifting macro signals, including interest-rate expectations and geopolitical developments.

• Major banks project continued strength, though with slower gains as monetary conditions evolve.

• Silver and industrial metals show diverging dynamics, reflecting both safe-haven demand and real-economy signals.

• Metals markets increasingly act as indicators of currency confidence and systemic risk.

Key Developments

Gold responds to macro and geopolitical cues
Gold prices have fluctuated as markets weigh softer dollar movements, bond yields, and developments surrounding geopolitical negotiations. Investors continue to use gold as a hedge against uncertainty, even as expectations for future rate cuts remain fluid.

Bank forecasts highlight structural demand
According to Reuters, major financial institutions expect gold to remain elevated into 2026, supported by central bank buying, geopolitical risk, and portfolio diversification — though the pace of gains may slow as inflation pressures ease.

Silver diverges from gold narrative
While gold remains driven by monetary and reserve considerations, silver pricing reflects its dual role as both a precious and industrial metal. Demand tied to manufacturing, energy transition technologies, and electronics continues to influence price behavior.

Metals reflect broader asset reallocation
Movements in precious metals are increasingly tied to reassessments of equities, bonds, and currencies, signaling a broader recalibration of global asset allocation rather than isolated commodity speculation.

Why It Matters

Precious metals continue to function as a barometer of confidence in monetary policy, sovereign debt sustainability, and geopolitical stability. As investors reassess inflation risks and long-term growth prospects, gold and silver prices provide early signals of stress or confidence within the global financial system.

Why It Matters to Foreign Currency Holders

Gold’s resilience reinforces its role as a neutral reserve asset outside any single currency system. For foreign currency holders, sustained central bank and institutional demand for gold signals hedging against dollar exposure and fiat currency debasement. As metals retain value amid policy uncertainty, they highlight growing diversification away from traditional reserve currencies and underscore shifting confidence in global monetary arrangements.

Implications for the Global Reset

Pillar 1: Metals as Monetary Anchors
Gold’s continued relevance reflects declining trust in purely debt-based monetary systems and renewed emphasis on hard assets.

Pillar 2: Reserve Diversification Accelerates
Central banks and sovereign funds increasingly balance currency holdings with tangible assets, reshaping global reserve composition.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “Gold rises as softer dollar, yields offset geopolitical optimism”

• Wall Street Journal – “Gold Is the Real Rival to the Dollar’s Reserve Status”

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EU Moves to Expand Carbon Border Levy as Climate-Trade Pressure Builds

Draft proposal widens CBAM scope, tightening cost pressures on global manufacturers

Overview

• EU plans to broaden its Carbon Border Adjustment Mechanism (CBAM) to include more industrial and energy-intensive products.

• Expansion would raise import costs for foreign producers with higher carbon footprints.

• Measure links climate policy directly to trade enforcement, reshaping global supply chains.

• Energy, steel, cement, chemicals, and manufacturing sectors face higher compliance pressure.

Key Developments

EU drafts expansion of carbon border levy
The European Union has released a draft proposal to widen its Carbon Border Adjustment Mechanism beyond its current scope. The expansion would apply carbon pricing to additional imported goods, particularly those tied to energy-intensive production, as part of the bloc’s climate strategy.

CBAM enforces climate policy at the border
CBAM requires importers to pay a levy reflecting the carbon emissions embedded in goods produced outside the EU. The goal is to prevent “carbon leakage,” where production shifts to countries with weaker environmental rules, undermining EU climate targets.

Trade competitiveness comes into focus
Industries in countries without comparable carbon pricing systems could face higher costs when exporting to Europe. This raises concerns among global trade partners that CBAM functions as a de-facto tariff, potentially triggering trade disputes.

Energy and industrial supply chains impacted
Energy-heavy sectors — including steel, aluminum, fertilizers, cement, and chemicals — are most exposed. The proposal could force producers worldwide to either decarbonize faster or lose access to one of the world’s largest consumer markets.

Why It Matters

The expansion of CBAM signals a structural shift where climate policy becomes a permanent feature of trade enforcement. As energy costs, emissions standards, and carbon pricing converge, global manufacturers must adapt or absorb higher costs — accelerating realignment of trade flows and industrial investment.

Why It Matters to Foreign Currency Holders

The expansion of the EU’s CBAM directly impacts foreign currency holders who trade with Europe, especially in energy-intensive industries. Higher import levies increase costs for exporters outside the eurozone, potentially reducing foreign currency inflows and affecting FX liquidity. Countries with high-carbon production may see weakened currency demand as exports become less competitive, while nations with low-carbon energy and manufacturing gain leverage. For global investors, CBAM adds a layer of currency risk and trade sensitivity, tying climate compliance to cross-border payments, hedging strategies, and reserve management in the evolving global financial landscape.

Implications for the Global Reset

Pillar 1: Climate Policy as Trade Weapon
Carbon pricing is no longer just environmental regulation — it is now a competitive trade mechanism influencing where goods are produced and sold.

Pillar 2: Energy Costs Reshape Global Manufacturing
Countries with cheaper energy but higher emissions risk losing market access, while low-carbon energy producers gain strategic advantage.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – EU plans to expand carbon border levy under draft proposal

• Financial Times – Carbon border taxes raise global trade tension concerns

• Europe to Bolster Carbon Border Levy Criticized by US and China

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Australia Pushes Emergency Gas Powers as Supply Risks Rise

Energy security concerns intensify amid domestic shortages and regional pressure

Overview

• Australia’s energy market operator seeks emergency gas purchasing powers to manage forecasted domestic supply shortfalls.

• Proposal faces resistance from Queensland, a key gas-producing state.

• Move highlights growing energy security concerns across Asia-Pacific markets.

• Governments increasingly intervene in energy markets as supply reliability becomes a strategic priority.

Key Developments

Emergency gas authority under consideration
Australia’s energy market operator has urged the federal government to grant it temporary emergency powers to procure gas directly if shortages threaten domestic supply. The proposal is aimed at preventing disruptions to electricity generation and industrial activity.

Queensland opposition underscores political friction
Queensland, which hosts significant gas production and export infrastructure, has pushed back against the proposal. State officials argue that additional federal intervention could distort markets and undermine existing commercial arrangements.

Energy security overtakes free-market principles
The push reflects a broader trend in which governments are prioritizing energy security over strict market discipline. Similar emergency measures have emerged globally as nations reassess vulnerabilities exposed by geopolitical shocks and volatile demand.

Asia-Pacific implications extend beyond Australia
Australia is a major LNG supplier to Asia-Pacific economies. Any domestic intervention that restricts supply or redirects gas inward could ripple across regional energy markets, affecting prices and contract stability.

Why It Matters

Energy reliability has become a cornerstone of economic stability and national security. Australia’s consideration of emergency gas procurement powers signals that even energy-rich nations are preparing for tighter conditions, reinforcing a global shift toward state involvement in strategic energy assets.

Why It Matters to Foreign Currency Holders

Energy market interventions in Australia have direct implications for foreign currency holders, especially those exposed to the Australian dollar (AUD) and commodity-linked currencies. Emergency gas procurement powers can tighten domestic supply, influence LNG exports, and affect regional energy pricing, which in turn impacts cross-border trade settlements and currency flows. For foreign investors and reserve managers, shifts in energy policy signal potential volatility in the AUD, higher transaction risk for energy-dependent economies, and the growing influence of state-directed energy policies on global capital and currency markets.

Implications for the Global Reset

Pillar 1: Energy Security Overrides Market Orthodoxy
Governments are increasingly willing to intervene directly in energy markets to protect domestic supply and economic continuity.

Pillar 2: Regional Energy Flows Under Pressure
As exporting nations prioritize internal needs, global LNG trade and pricing structures face long-term recalibration.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• The Australian – “Emergency gas power push accelerates despite Queensland’s objection”

• The Courier Mail -- "Energy civil war threatens to erupt as other states muscle in on gas"

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CANADIAN MARKETS SLIDE AS U.S. JOBS DATA SHIFTS RISK SENTIMENT

TSX underperforms as investors reassess growth, rates, and commodity demand

Overview

• Canadian equity markets weaken ahead of key U.S. jobs data, reflecting cautious global risk sentiment.

• Commodity-linked sectors lead losses, pressuring the TSX.

• Investors reassess interest-rate expectations, with U.S. labor data central to outlooks.

• Market hesitation highlights dependence on U.S. macro signals.

Key Developments

TSX futures decline ahead of U.S. employment report
Canadian market futures moved lower as investors positioned cautiously before the release of U.S. jobs data. The TSX, heavily weighted toward commodities and financials, reflected broader uncertainty around growth momentum and monetary policy direction.

Commodity weakness amplifies downside pressure
Energy and metals prices softened, weighing on Canadian equities. As a resource-driven market, the TSX remains highly sensitive to shifts in global demand expectations and pricing trends.

U.S. data dominates global positioning
Investors across North America reduced risk exposure as they awaited U.S. labor figures, which could influence Federal Reserve policy timing. Strong employment data may delay rate cuts, while weakness could accelerate policy easing.

Markets recalibrate growth and rate assumptions
The pullback underscores how tightly global equity markets remain linked to U.S. economic indicators, especially during periods of uncertain inflation and slowing global growth.

Why It Matters

Canada’s market performance highlights the fragility of risk appetite in a data-dependent environment. With commodities under pressure and monetary policy still restrictive, investors are increasingly selective, reinforcing volatility and reinforcing the dominance of U.S. economic signals in global capital flows.

Why It Matters to Foreign Currency Holders

Movements in Canadian markets reflect broader shifts in U.S. dollar liquidity and interest-rate expectations. For foreign currency holders, stronger U.S. labor data can reinforce dollar strength, tighten global financial conditions, and pressure non-U.S. currencies — particularly commodity-linked ones like the Canadian dollar. These dynamics influence cross-border capital flows, reserve strategies, and currency stability, making U.S. macro data a key driver in the evolving global monetary reset.

Implications for the Global Reset

Pillar 1: U.S. Data Drives Global Capital Allocation
Despite diversification efforts, global markets remain anchored to U.S. economic indicators and Federal Reserve policy signals.

Pillar 2: Commodity Economies Face Structural Sensitivity
Resource-heavy markets are increasingly vulnerable to demand slowdowns and tighter financial conditions, accelerating realignment in global investment patterns.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “TSX futures fall as U.S. jobs data looms”

• Reuters – “Wall Street futures slip as investors brace for key U.S. jobs report”

~~~~~~~~~~

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Not What you Think- CBI Meeting

Not What you Think- CBI Meeting

Edu Matrix:  12-15-2025

In a landmark move, the Central Bank of Iraq (CBI) recently convened the inaugural session of the Supreme National Committee for Virtual Assets Regulation, marking a significant milestone in the country’s journey towards embracing and regulating the rapidly evolving landscape of digital assets.

Chaired by CBI Governor Ali Mosen Alak, this multidisciplinary committee brings together senior representatives from various sectors, including regulatory, legal, financial, supervisory, scientific, technical, and communications bodies.

During the meeting, the committee took a thorough approach to understanding the global trends in digital assets and benchmarking international regulatory models. The focus was on striking a balance between fostering financial innovation and ensuring monetary and financial stability. Key areas of discussion included:

Compliance with Anti-Money Laundering (AML) and Combating Financing (CTF) standards: Ensuring that digital assets are not used for illicit activities.

Cyber risk management: Protecting consumers and financial institutions from cyber threats.

Consumer protection: Safeguarding the interests of individuals investing in digital assets.

Clear definitions and classifications of digital assets: Establishing a clear understanding of the digital asset landscape.

The committee emphasized a gradual and flexible regulatory approach, aiming to enhance transparency, improve service efficiency, and create a secure licensing environment that encourages innovation.

This initiative is part of Iraq’s broader government strategy, led by the Central Bank, to build a modern, safe, and sustainable digital financial ecosystem. The goals are multifaceted:

Preparing Iraq’s financial system for rapid technological advances: Ensuring the country’s financial infrastructure is equipped to handle the changing landscape.

Harmonizing with international financial standards: Aligning Iraq’s financial regulations with global best practices.

Promoting financial inclusion: Expanding access to financial services for all citizens.

Bolstering confidence in the banking sector: Strengthening trust in the financial system.

Safeguarding Iraq’s monetary sovereignty: Protecting the country’s financial independence in the face of a growing global digital economy.

The inaugural session of the Supreme National Committee for Virtual Assets Regulation represents a significant step forward in Iraq’s efforts to responsibly regulate the evolving landscape of virtual assets. By taking a comprehensive and multidisciplinary approach, Iraq is poised to create a secure and innovative financial ecosystem that promotes financial inclusion and safeguards the country’s monetary sovereignty.

As the world continues to navigate the complexities of digital assets, Iraq’s proactive approach serves as a model for other countries to follow.

As Iraq embarks on this new journey, it is clear that the country is committed to harnessing the potential of digital assets while minimizing the associated risks.

 With a clear regulatory framework and a multidisciplinary approach, Iraq is well-positioned to become a leader in the region’s digital economy. As we watch this space, it will be interesting to see how Iraq’s regulatory framework evolves and how it impacts the country’s financial landscape.

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

“Tidbits From TNT” Tuesday 12-16-2025

TNT:

Tishwash:  Iraq and the United States discuss strengthening political, security, and economic cooperation.

Iraqi Foreign Minister Fuad Hussein discussed on Monday with the US Chargé d'Affaires in Baghdad, Ambassador Joshua Harris, ways to enhance cooperation in various political, economic and security fields.

A statement from the ministry, received by “Dijlah News”, stated that “Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, received on Monday, December 15, 2025, the Chargé d’Affaires of the US Embassy in Baghdad, Ambassador Joshua Harris.”

He added that “the meeting discussed bilateral relations between Iraq and the United States, and ways to strengthen them in a manner that serves the common interests of the two countries and enhances cooperation in various political, economic and security fields.”

According to the statement, the minister pointed to the ongoing political movement in Iraq and the constructive discussions between the political blocs to form the new government, stressing “the importance of consolidating political stability and strengthening national understanding in a way that positively impacts the course of the democratic process.”

He explained that “the two sides discussed regional and international developments, and exchanged views on issues of common interest, stressing the importance of coordination and consultation regarding current challenges.”

He noted that “both sides stressed the need for calm in the region and to work to reduce tensions in a way that contributes to supporting regional security and stability.”  link

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Tishwash: Al-Rafidain: 2,495 savings accounts, 136 current accounts, and 27 deposits opened for customers last month

Al-Rafidain Bank announced on Sunday that it had opened 2,495 savings accounts, 136 current accounts, and 27 deposits for customers during the past month.

 A statement received by Al-Rabaa said: "In a clear sign of growing public confidence and an accelerated shift towards international standards, Rafidain Bank recorded remarkable banking activity during November, culminating in the opening of thousands of new accounts in its branches across Baghdad and the provinces."

 It added that "the number of savings accounts opened for citizens reached 2,495 in local and foreign currencies, in addition to 136 current accounts and 27 deposits, directly reflecting the diversity of banking products offered by the bank and its ability to meet the needs of different segments of customers."

 He emphasized that "this advanced performance confirms the position of Al-Rafidain Bank as a leading national banking institution, combining geographical reach, quality of services, and commitment to international professional standards, with a focus on providing a secure and flexible banking experience that meets the expectations of individuals and institutions alike."

 The bank noted that it "continues to develop account opening and deposit services in accordance with sound regulatory controls, thereby promoting a culture of savings and investment and supporting financial inclusion and economic development in Iraq, calling on citizens to visit its branches to learn about the details of the banking services and benefits available."

 He added that "this activity is part of Al-Rafidain Bank's vision to consolidate its role as a state bank with international standards, leading the banking transformation, embodying trust, and placing the customer at the heart of the banking process."    link

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Tishwash:  Iraq begins the countdown... 90 complex days to form the three branches of government

Following the ratification by the Supreme Federal Court, the highest judicial authority in Iraq, of the final results of the parliamentary elections for the sixth session, the Iraqi political scene has entered a new and sensitive phase, representing the official transition from the electoral process to the formation of the three constitutional authorities: the legislative, the executive, and the presidency of the republic.

Observers confirm that the Federal Court’s ratification yesterday, Sunday, is not merely a formal or procedural step, but rather the decisive constitutional condition that makes the election results effective and binding, and practically announces the readiness to launch a new parliamentary session with all its political entitlements, potential conflicts, and hopes for a different administration than the previous sessions, which were marked by delay and deadlock.

Constitutional legitimacy

Legal expert Nawfal Al-Hayani affirms that the Federal Supreme Court’s ratification of the final election results represents the full constitutional legitimacy of those results, based on the text of Article (93/Seventh) of the Constitution of the Republic of Iraq for the year 2005.

Al-Hayani explains in an interview with Shafaq News Agency that the House of Representatives is not considered constitutionally valid and the parliamentary session does not come into effect except from the date of this ratification, stressing that any parliamentary procedure that precedes the ratification is considered to have no constitutional effect by virtue of the constitution, as it is the highest and supreme law in the country.

According to Al-Hayani, the next step immediately after ratification is for the President of the Republic to invite the members of the House of Representatives to convene for their first session, in accordance with the provisions of Article (54) of the Constitution.

If the President of the Republic does not make this invitation, the Council shall automatically convene on the sixteenth day from the date of ratification, and the session shall be chaired by the oldest member.

The first session of the House of Representatives constitutes the cornerstone in building constitutional authorities, as its agenda is constitutionally limited to taking the constitutional oath and electing the Speaker of the House of Representatives and his two deputies.

Al-Hayani points out that completing this step means completing the formation of the legislative authority, and then moving on to the second entitlement, which is the election of the President of the Republic within a period not exceeding thirty days from the date of holding the first session, in accordance with the provisions of Article (70) of the Constitution.

legal deadlines

For his part, legal expert Abbas Al-Aqabi explains that the Iraqi constitution drew a clear timeline for the formation of authorities, starting with Article (54), which obligated the current president of the republic to call the new parliament to convene within 15 days of the date of ratification.

Al-Aqabi confirms to Shafaq News Agency that the first session, which is held at the invitation of the President of the Republic, witnesses the election of the Speaker of Parliament, the First Deputy Speaker and the Second Deputy Speaker, after which the door is opened for nomination to elect the President of the Republic, as the House of Representatives is obligated to elect him within 30 days from the date of the first session, by a two-thirds majority (i.e., 220 deputies) out of a total of 329.

Al-Aqabi adds that the election of the President of the Republic opens the door to the most important stage, which is the appointment of the Prime Minister, as the President of the Republic, within 15 days, appoints the candidate of the largest parliamentary bloc to form the government.

As for the designated candidate, he has a deadline of 30 days to present the ministerial cabinet and the ministerial program to the House of Representatives to obtain confidence by an absolute majority, (half plus one), i.e., 165 deputies or more.

Al-Aqabi concludes that the sum of these periods constitutes a maximum time ceiling of 90 days, which – theoretically – can be reduced but cannot be increased, because the constitutional text explicitly defined them.

Constitution and reality

Despite the clarity of these timelines, the Iraqi political experience since 2003 reveals a significant gap between the constitutional text and practical application. The issue of delaying the formation of governments and the election of presidencies has become a recurring phenomenon, due to political disputes and sectarian and ethnic balances.

After the March 2010 elections, it took about seven months and 18 days to form a government, due to the dispute over the largest bloc and the right to nominate the prime minister.

In 2020, Mohammed Tawfiq Allawi was tasked with forming the government following the resignation of Adel Abdul Mahdi, but he later apologized for the task, in a clear example that obstruction can occur even after the official assignment.

After the October 2021 elections, Iraq entered one of its longest periods of political vacuum, with the formation of the government delayed for more than nine months, and was not resolved until October 2022, with the formation of the government of Mohammed Shia al-Sudani.

The three presidencies

Therefore, Ghazi Faisal, head of the Iraqi Center for Strategic Studies, believes that the Federal Court’s ratification and the parliament’s approval of the sixth session represents a pivotal step, but it does not mean the end of the complications.

Faisal explains to Shafaq News Agency that, according to the constitution, the President of the Republic will call on Parliament to convene within 15 days to elect the oldest member and manage the first session, then elect the Speaker of Parliament and his two deputies, and thus the legislative authority will be formed.

Then the parliament moves to the second stage, which is the election of the president of the republic, a stage that is often the most complicated, especially in light of the disputes within the Kurdish house.

According to Faisal, the presidency, according to previous political norms, goes to the Patriotic Union of Kurdistan, but the Kurdistan Democratic Party believes that it has the right to compete for the position.

If both parties nominate two people, one from the Union and the other from the Democrats, the decision will be made through a vote in the House of Representatives. However, the two-thirds quorum requirement opens the door to what is known as the "blocking third," which may lead to prolonging the sessions to elect the president, as happened in the 2021 session.

Faisal points out that the election of the president will not be completed politically until there is agreement within the coordinating framework (which brings together the ruling Shiite political forces in the country) on the personality of the prime minister, under the system of political and sectarian power-sharing.

After the candidate is appointed, the stage of distributing ministerial portfolios begins according to the points system and the parliamentary weight of the parties, a stage that is no less complex than its predecessors, and often witnesses objections and difficult negotiations before granting confidence.

Sunni choice

On the Sunni component, Nawaf al-Ghurairi, a leader in the Sovereignty Party headed by Khamis al-Khanjar, affirms that the formation of the government is governed by constitutional timelines that cannot be exceeded, calling on all blocs and representatives to adhere to them in order to form the government as quickly as possible.

Al-Ghurairi reveals to Shafaq News Agency that the choice of the Speaker of Parliament "has been decided within the Sunni component to be Muhammad al-Halbousi," but this proposal is not without objections.

Meanwhile, former MP Bassem Khashan continues to raise the possibility of excluding the head of the "Progress" party, Mohammed al-Halbousi, based on a previous decision by the Federal Court to dismiss him from the presidency of Parliament, and accusations related to the forgery of official documents, which he describes as a "crime of dishonor."

In contrast, the Sunni arena is witnessing intense activity within the National Political Council (which includes the Sunni forces that won the elections), which held an expanded meeting in the capital, Baghdad, on Sunday evening, to discuss the names of candidates for the presidency of Parliament.

According to various sources in the council who spoke to Shaq News Agency, the number of candidates for the presidency of parliament has decreased from six to three, with talk of a "near consensus" on Muthanna al-Samarrai, in addition to the continued inclusion of the names of al-Halbousi and Thabit al-Abbasi.

Coordination framework

In parallel, the leaders of the Coordination Framework held their meeting last Monday, which witnessed an important discussion about choosing a candidate for the premiership. According to sources from Shafaq News Agency, specific dates were agreed upon to resolve the entitlements, with three prominent names being discussed, including outgoing Prime Minister Mohammed Shia al-Sudani, former Prime Minister Haider al-Abadi, and a third "surprise" figure.

The Coordination Framework had previously set conditions and criteria that must be met by candidates for the position of head of the new government, most notably that he should not be the leader of a political bloc, then it softened them, which opened the door for most of the forces within the framework to submit their candidates for the position, according to what a political source told Shafaq News Agency earlier.

Imran al-Karkoushi, a member of the State of Law Coalition led by Nouri al-Maliki, confirms that completing the election of the three presidencies according to their constitutional timetable depends mainly on political agreements between the different blocs.

Al-Karkoushi, speaking to Shafaq News Agency, indicated that this session is expected to proceed in an organized manner and without exceeding the specified legal deadlines, unlike what happened in previous sessions, which witnessed long delays due to political disputes.

Kurdish commitment

For his part, Wafaa Muhammad Karim, a leader in the Kurdistan Democratic Party, believes that the constitutional deadlines were not respected in previous sessions, especially in the election of the president and the formation of the government.

Karim, speaking to Shaq News Agency, points out that an agreement between the two Kurdish parties (the Union and the Democratic) on a single candidate for the presidency could speed up the process, while going with two candidates would mean entering into alliances with other forces and prolonging the entitlement.

According to the political balance that emerged after 2003, the distribution of sovereign positions in Iraq became influenced by sectarian and political quotas; where political custom dictates that the position of Prime Minister is allocated to the Shiite component, while the position of President of the Republic is allocated to the Kurdish component, while the Sunni component assumes the presidency of the House of Representatives  link

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Mot: One of the best Christmas Commercials. Chevy really did an awesome job!

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