Iraq Economic News and Points To Ponder Monday Morning 8-11-25

Almost Impossible... Iraqi Banks Are Threatened With Closure Due To The Central Bank's New Conditions.
 
10 Aug 13:19  Information / Baghdad..  Economic expert Mustafa Hantoush considered on Sunday that the requirement to     raise the capital of Iraqi banks to 400 billion dinars, in addition to the   necessity of a foreign partner, are "almost impossible conditions" at the current stage, especially with  foreign investors reluctant to enter the Iraqi market   due to the political and economic instability. 

Hantoush told Al-Maalouma, "Implementing these standards requires  a more open investment environment and   deeper reforms to the economic and legal infrastructure."

He emphasized that   "a number of Iraqi banks provide good services and deserve support and incentives,  not strict standards that could lead to their closure." 
 
Hantoush called on the Central Bank of Iraq to     "adopt a gradual reform plan that takes into account the   reality of the local market and   strikes a balance between  protecting the banking sector and  stimulating its growth,"emphasizing that  "financial policies must focus on enhancing the competitiveness of national banks rather than weakening them."
 
This comes amid moves by the Central Bank to grant new licenses to foreign banks,   a move some see as an attempt to increase competition and improve services, while others warn it could exacerbate the challenges facing local banks.    https://almaalomah.me/news/107043/economy/شبه-مستحيلة-مصارف-عراقية-مهددة-بالإغلاق-بسبب-شروط-البنك-المر   

Iraqi Banking Analysis Reveals Troubling Lending Ratios
 
    Business     Iraq     Jawad Al-Samarraie     August 10, 2025      615     The new headquarters of the Central bank of Iraq (CBI). Photo: Zaha Hadid Architects
 
Baghdad (IraqiNews.com) – A  recent analysis of Iraq’s 2025 banking data by economic expert Manar Al-Obaidi has    exposed a   significant disparity in lending practices,   particularly among the nation’s smaller financial institutions.
 
The report, which is stirring debate within financial circles,  raises serious questions about the   oversight and   effectiveness of the   Central Bank of Iraq’s loan initiative.
 
The analysis categorizes Iraqi banks into three distinct groups based on their credit-to-deposit ratios.
 
Large banks, with assets exceeding one trillion Iraqi dinars,     maintain a stable ratio of 46%,which is
     well within international safety standards. However, for medium-sized banks (with assets between 500 billion and one trillion dinars),this     ratio jumps to 109%.
 
The most alarming figures come from small banks (with assets below 500 billion dinars), where the
 ratio soars to an astonishing 400%,  meaning their loan portfolios are four times the size of their deposits.
 
To illustrate this disparity, Al-Obaidi’s analysis cites specific examples.
 
One small bank with just 2.2 billion dinars in deposits extended loans valued at 440 billion dinars.
 
Another had deposits of only three billion dinars while managing a credit portfolio exceeding 136 billion dinars.

The majority of these loans were sourced from the Central Bank’s 13.5 trillion dinar initiative for small and medium-sized enterprises.
 
This trend is prompting critical questions:
 
 How were institutions  with such a limited deposit base and   questionable creditworthiness enabled to manage these massive sums?
 
 What is the nature of the projects being funded, and   what is their actual impact on Iraq’s economy and GDP?

Al-Obaidi’s analysis suggests that   while the initiative has been in place for over two years, the 
  loan-granting mechanism needs a comprehensive review.
 
He also calls for    a re-evaluation of banks based on deposits and client base,as well as  more rigorous oversight of the small banks   that appear to have found a massive opportunity for financial maneuvering without clear standards or accountability.
 
The analysis concludes with the central and most pressing question: 

     Who are the real beneficiaries of these loans, and
     did the initiative truly achieve the economic goals for which it was launched?      
https://www.iraqinews.com/business/iraqi-banking-analysis-lending-ratios-cbi/   

By Integrating The Private Sector, An Expert Says Iraq Has The Potential To Attract Hard Currency Through The Tourism Investment Sector.
 
August 10, 2025   Baghdad/Iraq Observer   Economic and financial expert Safwan Qusay asserted that Iraq possesses the potential to increase its attractiveness in the tourism investment sector, given that Iraq currently boasts 12,000 cultural and religious tourist sites, in addition to natural areas. 

Qusay told the Iraq Observer, "The Tourism Authority should  demand the return of its assets and  invest them rationally,  involving the regular private sector in the investment sector,  whether in hotels, restaurants, or transportation.
 
Millions of tourists visit Iraq annually, so tourism is a permanent source of income." 

 He added that Iraq has an opportunity to connect the holy cities of Najaf and Karbala to Mecca
via a train that could contribute to sustaining tourism revenues throughout the year.

Regarding the path to development, the economic expert explained that “Iraq is looking forward to completing this project, which could     contribute to the visit of these tourists and the     creation of complementary industries to express the possibility of having     crafts and some tools that could contribute to strengthening popular industries,  with the aim of creating memories for tourists of their visit to Iraq.” 

He continued, "Iraq may have stability in its currency, as tourists spend in different currencies.
 
This is also a source of income, as they     obtain foreign currencies and     facilitate their entry into the country and     convert them into Iraqi currency in various ways."
 
Last April, the Ministry of Culture, Tourism, and Antiquities     announced that more than 500 European and American tourists entered Iraq during the past year, and   predicted that numbers would increase during the current year, 2025.  The Ministry affirmed that
 
Iraq is witnessing significant tourism development,   coupled with economic and political stability.      
https://observeriraq.net/عبر-دمج-القطاع-الخاص-خبير-العراق-لديه/  

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

Seeds of Wisdom RV and Economic Updates Monday Morning 8-11-25

Good Morning Dinar Recaps,

Elizabeth Warren Demands Crypto Regulation Free from Industry Influence

Senator Elizabeth Warren has renewed her push for tighter cryptocurrency oversight, calling for investor protections and safeguards to prevent financial instability—without influence from the crypto industry itself.

Key Proposals

• Ban lawmakers from trading cryptocurrencies to avoid conflicts of interest and ensure policy decisions are free from personal financial bias.

• Establish stronger “guardrails” to prevent systemic risks from destabilizing the broader economy.

• Expand beyond current bills like the GENIUS Act to create a comprehensive market structure framework.

Preventing Economic Fallout

Warren described existing rules as “weak” and insufficient to handle potential large-scale risks. Her skepticism toward crypto reflects concerns that unregulated digital assets could trigger broader economic disruptions if left unchecked.

Not Just Opposition to Bills

Although Warren previously voted against the GENIUS Act, she refrained from criticizing it in her latest remarks. Instead, she called for additional legislative measures to close regulatory gaps and strengthen oversight.

Trump’s Crypto Earnings Under Scrutiny

• Financial disclosures show Donald Trump earned over $57 million from World Liberty Financial, issuer of USD1.

• Trump denies profiting directly from the token, but critics point to potential conflicts of interest, particularly after his administration approved crypto investments in 401(k) plans—a move analysts warn could expose retirement savings to volatility.

Industry Reaction

Justin Slaughter, VP of Regulatory Affairs at Paradigm, welcomed Warren’s acknowledgment that crypto regulation is necessary. He noted her remarks are shifting from blanket opposition to shaping stronger, more inclusive rules.

Bottom Line:
Warren’s position signals a shift toward structured dialogue on how cryptocurrency fits into the U.S. financial system—emphasizing investor protection, systemic stability, and independence from industry lobbying.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

Tether-Backed Rumble Plans $1.17 Billion Northern Data Acquisition Following Bitcoin Mining Division Selloff

Rumble, the video-sharing platform and AI-focused cloud services provider, has announced plans to acquire Northern Data in an all-stock deal valued at approximately $1.17 billion, excluding Northern Data’s bitcoin mining division.

The transaction aims to strengthen Rumble’s position in AI cloud computing and high-performance infrastructure, with major backing from Tether, the world’s largest stablecoin issuer and Northern Data’s majority shareholder.

Deal Structure & Terms

• The proposed offer values Northern Data at roughly €1 billion ($1.17 billion).

• Shareholders of Northern Data would receive 2.319 newly issued Class A Rumble shares for each Northern Data share.

• If all shares are tendered, Northern Data shareholders would own approximately 33.3% of Rumble.

• Tether, holding 54% of Northern Data, would become Rumble’s largest Class A shareholder under the same exchange ratio.

• Tether has committed to a multi-year GPU purchase agreement upon deal closure.

Tether & Rumble’s Strategic Partnership

Tether previously invested $775 million in Rumble in December 2024 to accelerate the platform’s growth as a YouTube alternative with an emphasis on data privacy and global independence.

The combined company is expected to enhance Rumble’s AI leadership capabilities and scale its cloud computing infrastructure worldwide.

Leadership & Governance

• Chris Pavlovski, Rumble’s Chairman and CEO, will retain majority voting control.

• Pavlovski has expressed full support for the acquisition and will vote all of his shares in favor.

• Northern Data has signaled willingness to enter formal discussions regarding the exchange offer.

Financial Performance

Northern Data reported strong H1 2025 growth:

• Revenue: €94.3 million ($109.8 million), up 72% year-over-year.

• Mining Revenue: €53.5 million ($62.3 million), up 49% due to capacity expansion and higher bitcoin prices.

Market Reaction

Following the announcement, Rumble’s stock surged 20% in pre-market trading, reaching $9.48, according to TradingView.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

FRANK26…8-10-25…ALOHA…TALKING REFORMS

KTFA

Sunday Night Video

FRANK26…8-10-25…ALOHA…TALKING REFORMS

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=XJQEI_CVF5w

KTFA Sunday video #2

https://www.youtube.com/watch?v=8R9KI76mbFg

Silver Investment and this Could Change Everything for Iraq

Silver Investment and this Could Change Everything for Iraq

Edu Matrix:  8-9-2025

A recent deep dive from Edu Matrix offers a compelling look into two seemingly disparate yet critically influential global trends shaping 2025: the surging prospects of silver as an investment and the escalating geopolitical landscape in the Middle East.

The video provides a comprehensive overview, highlighting the intertwined nature of economic, political, and technological developments that create a complex backdrop for investors and observers alike.

The Edu Matrix channel strongly advocates for a “buy and hold” strategy for silver, pointing to its exceptional performance in 2025, where prices have soared to a 13-year high. This remarkable rise is attributed to a confluence of factors: significant supply shortages, burgeoning industrial demand, and its enduring status as a safe haven asset amidst pervasive market volatility.

Edu Matrix further underscores silver’s considerable potential for continued growth, noting its current undervaluation relative to gold. Its expanding critical role in burgeoning green industries like solar energy and electric vehicle manufacturing is also highlighted as a key driver for future demand.

As the global push towards decarbonization accelerates, silver’s industrial applications are set to increase dramatically, cementing its position as a compelling investment in the years to come.

Shifting gears to the geopolitical arena, the Edu Matrix video meticulously dissects the fraught situation in the Middle East, particularly focusing on Israel’s recent contentious decision to annex the Gaza Strip.

The analysis reveals that Israel’s security cabinet has approved taking full control of Gaza City, a move that has ignited massive internal protests within Israel and drawn vehement condemnation from key regional players such as Iran and Iraq.

Iran has vehemently lambasted the annexation as a blatant violation of international law and a looming humanitarian catastrophe. Tehran anticipates this decision will inevitably intensify regional conflicts and empower its allied militias across Lebanon, Yemen, and Iraq, further destabilizing the already volatile region.

Iraq finds itself in a particularly precarious position, navigating the delicate balance between domestic pressure from powerful pro-Iran factions and maintaining its crucial relationship with the United States.

 The video warns that such an annexation could catastrophically escalate existing proxy conflicts, deepen regional instability, and severely worsen the already dire humanitarian conditions in Gaza and the broader Middle East. For Iraq, these repercussions could specifically impact its fragile economy and ongoing currency adjustments.

The Edu Matrix discussion also thoughtfully touches upon the deep-seated historical and cultural tensions that have long simmered between Israel, Arab nations, and Persia, provocatively raising the question of how future artificial intelligence might one day unveil hidden truths about these complex, enduring conflicts.

In conclusion, the Edu Matrix video effectively illustrates how these seemingly disparate narratives—the robust economic ascendancy of a precious metal and the profound geopolitical tremor in a vital region—are inextricably linked.

It paints a picture of 2025 as a year where economic, political, and even technological developments are deeply intertwined, creating an exceptionally complex and often unpredictable backdrop for global investors and observers alike.

https://youtu.be/78HeF0dfGf8

https://dinarchronicles.com/2025/08/10/edu-matrix-silver-investment-and-this-could-change-everything-for-iraq/

US Dollar Devaluation, Global Currency Collapse is Coming

US Dollar Devaluation, Global Currency Collapse is Coming

Lena Petrova:   8-9-2025

A financial storm of unparalleled magnitude is brewing, threatening to engulf the world’s largest economies in a crisis unlike any seen before.

Drawing insights from a recent video by financial expert Lena Petrova, a sobering analysis reveals that the very nations considered the pillars of global finance—the G7—are teetering on the edge of a potential currency collapse, driven by crushing debt and rapidly rising interest rates.

Unlike past financial crises, which were often confined to emerging markets or isolated nations, this looming threat originates from the core of the global financial system.

 The G7 nations—Canada, France, Italy, Japan, Spain, the United Kingdom, and the United States—collectively referred to as the “D7” due to their daunting debt levels, find their government debts exceeding their entire Gross Domestic Product (GDP).

The financial lifeline extended during the 2008 crisis and the 2020 pandemic, characterized by cheap and abundant borrowing, has now tightened into a financial noose. Interest rates, once near zero, have surged, making it exponentially more difficult for these highly indebted governments to service their colossal debts.

This dynamic has created a “pressure cooker” in global credit markets, as investor confidence wanes regarding the ability of these nations to manage their liabilities without resorting to extreme measures.

Should investor confidence evaporate, it could trigger a rapid sell-off in government bonds and currencies.

Historically, currency devaluations have occurred, but they were largely isolated events. Today, the interconnectedness of the global financial system means a devaluation in one major economy could unleash a catastrophic domino effect.

 The G7’s central banks, intricately linked by holding each other’s currencies, amplify this risk; a crisis in one nation would inevitably ripple across all.

One politically tempting, yet economically perilous, “shortcut” to managing debt is through massive money printing to inflate the debt away. However, as Petrova highlights, this path carries severe consequences: rampant inflation, a significant decline in living standards, a collapse of public and investor confidence, and ultimately, a run on the currency.

 While central banks might attempt to defend their currencies by selling reserves, the effectiveness of this strategy is limited given that these reserves are often tied to each other’s currencies.

A sharp fall in the U.S. dollar, the world’s primary reserve currency, would be particularly destabilizing. Other countries might feel compelled to devalue their own currencies to maintain export competitiveness, initiating a broad market sell-off and a painful revaluation of institutional portfolios globally. This scenario would severely impact bond markets worldwide.

The Eurozone, with its shared central bank but disparate economic resilience among member states, is uniquely vulnerable to political tensions and financial instability in such a scenario.

The International Monetary Fund (IMF) already projects slower global growth and tighter national budgets, exacerbated by rising trade tensions. While urgent structural reforms are desperately needed, they are politically challenging to implement.

The sheer scale of the debt makes it impossible to simply “grow out of it,” and raising taxes or cutting spending is politically fraught. This leaves financial devaluation—either forced by market panic or a deliberate government action—as the most likely, albeit devastating, path forward.

Lena Petrova’s analysis serves as a stark warning: a simultaneous collapse of the world’s most trusted currencies would be a historic and devastating event

Its far-reaching consequences would reshape wages, decimate savings, erode investments, and cripple global trade.

The lessons from past financial upheavals underscore the urgency of understanding and preparing for this potential financial upheaval.

This sobering assessment of the precarious financial position of the world’s largest economies and the cascading risks of high debt and rising interest rates demands immediate attention and proactive preparation.

 The potential fallout from a synchronized currency crisis in developed markets would be truly unprecedented and globally disruptive.

https://youtu.be/_aEfz4KnwyQ

Iraq Economic News and Points To Ponder Sunday Afternoon 8-10-25

Sudanese Advisor: White Noise Supports Exchange Rate Stability In The Iraqi Market

2025/08/10 Reading: 315 times   {Economic: Al Furat News} The Prime Minister's financial and economic advisor, Mazhar Mohammed Salih, confirmed that the success of the three fiscal, monetary, and trade policies in working together is what has led to the continued convergence of the exchange rates in the parallel and official markets.

Saleh said in a statement to {Euphrates News}: “The continuation of these general policies constitutes positive information for the market, known as ‘white noise’, which is a condition that makes the market maintain stable rates and prevents the parallel market from taking any negative directions.”

He added, "The parallel exchange market is now moving toward convergence with the official fixed rate, which is considered one of the strongest stages of stability in the monetary market, as a result of the success of the three pillars of economic policy."  LINK

Al-Sudani Directs A Review Of The Provisions Of The Banking Reform Document After Receiving Comments From The Iraqi Private Banks Association

Banks   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani reviewed the latest developments related to the banking reform paper, particularly the provisions affecting private banks, in light of the comments and responses he received from various stakeholders.

Al-Sudani commended the efforts made by the Central Bank of Iraq in preparing the banking reform document, which aims to enhance financial stability, achieve transparency, and raise the efficiency of the banking sector. He affirmed the government's full support for all reform initiatives aimed at developing the country's financial and monetary infrastructure, in line with international best practices.

In the same context, the Prime Minister paid close attention to the comments of the Iraqi Private Banks Association, contained in its letter dated August 3, 2025, which addressed the objective challenges facing local banks in implementing some reform provisions, particularly those related to capital increase requirements, the adoption of strategic partners, the costs of contracting with foreign companies, and the timelines required for implementing reforms.

Driven by his commitment to achieving a realistic balance between reform requirements and the capabilities of local banks, the Prime Minister directed the adoption of a participatory and consultative approach between the Central Bank and Iraqi banks, through the formation of joint technical committees to review reform requirements and ensure their compatibility with the national financial and economic reality, while protecting the interests of local and international investors and those working in the sector.

In this context, Al-Sudani emphasized that the goal of reform is not exclusion but empowerment, calling for an expanded dialogue to clarify the technical aspects of the document and discuss implementation mechanisms in a gradual and thoughtful manner.

He also stressed the importance of taking into account the specificities of Iraq's reality when applying international standards, while emphasizing the need to formulate procedures in a way that enhances confidence in the banking sector and contributes to its development.

The Prime Minister concluded his remarks by emphasizing that the doors to discussion are open, and that the government continues to support all sincere efforts, both national and international, aimed at reforming the financial and banking system to serve the public good and the national economy. https://economy-news.net/content.php?id=58597

Borrowing From The Central Bank Will Put The Economy At Risk

Samir Al-Nusairi  The financial policy in Iraq has been accustomed to adopting special foundations and items for preparing general budgets. All of these budgets suffered from a planning deficit after 2003 until 2019, which turned into an actual deficit after 2020, especially after the decline in oil prices, because the Iraqi economy is a rentier economy that depends mainly on oil, and oil revenues constitute approximately 93% of total revenues and (58%-60%) of the gross domestic product.

Given the failure to diversify national income sources and develop the real sector, the deficit in the 2023-2025 three-year budget continued, forcing the government to borrow domestically from Iraqi banks to cover the real deficit in the operating and investment budgets due to increased spending compared to revenues from oil, whose prices fell at rates lower than planned in the budget.

Therefore, it is expected that borrowing from the Central Bank will be done through rediscounting treasury transfers, noting that the Central Bank had previously lent the government approximately 46 trillion dinars in previous years, and that the total domestic debt exceeded 85 trillion dinars, which has not been repaid despite the abundance of oil revenues in the past.

Moreover, the total oil revenues projected in the 2025 budget, amounting to approximately 117 trillion dinars, equivalent to $90.9 billion at a planned oil price of $70 per barrel, will not be achieved, creating a real deficit.

Therefore, the Central Bank will be under pressure and its plans will be disrupted in using monetary policy tools to achieve its objectives of maintaining the current rates of annual inflation, which currently range between (1%-1.5%), controlling the money supply, maintaining a foreign reserve balance that covers imports and exported local currency, which currently amounts to approximately $104 billion and 167 tons of gold, and ensuring the stability of the exchange rate of the US dollar against the Iraqi dinar, which the Central Bank’s measures have led to a narrowing of the price gap between the official price and the price in the parallel market.

Therefore, borrowing will lead to an increase in the local currency issued, which, according to data, currently exceeds 99 trillion dinars, of which more than 80% is outside the banking system. This increase will inevitably lead to a rise in inflation and will impact the adequacy ratio of foreign exchange reserves.

The budget’s reliance on covering the deficit, which will exceed 63 trillion dinars, or 30% of the GDP, while the percentage specified in Financial Management Law No. 6 of 2019 is 3%, will place severe pressure on the Central Bank and its foreign exchange reserves.

This embarrasses the central bank, placing it in a cycle of government interference in its independence, and placing the economy at risk. This will hinder the achievement of economic stability and the stability of the monetary and financial systems, because central banks are banks of stability, not lending banks. https://economy-news.net/content.php?id=58589

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

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 8-10-25

Good Afternoon Dinar Recaps,

US Targets India, Brazil & South Africa, Yet BRICS Stands for Unity

BRICS — Brazil, Russia, India, China, and South Africa — has become a focal point of economic and geopolitical tensions with the United States. While U.S. measures target several key BRICS markets, the alliance continues to project resilience.

Right now, U.S.-Brazil tariffs have surged to 50%, and secondary sanctions loom over India’s Russian oil trade. Yet, despite these pressures, BRICS stands for unity — at least for now.

Origins and Purpose of BRICS
The BRICS concept, coined in 2001 by Goldman Sachs economist Jim O’Neill, was envisioned as a platform for deeper economic cooperation among leading emerging economies. Today, BRICS also aims to create alternatives to Western-led financial systems.

Operationally, the group focuses on:

• Resolving regional disputes

• Advocating financial reform at global institutions like the World Bank and IMF

• Coordinating through the BRICS Interbank Cooperation Mechanism

U.S. Tariff Pressure on BRICS Members

• Brazil: Facing 50% U.S. tariffs, justified by Washington over human rights concerns tied to former president Jair Bolsonaro’s case. Brazil has resisted U.S. pressure, with President Lula preparing a formal response.

• India: Threatened with secondary sanctions due to Russian crude imports of 1.7 million barrels per day. The U.S. aims to push India toward greater market access concessions or revised energy procurement policies.

Economic Resilience Despite Sanctions

• Brazil: The real remains strong, buoyed by attractive near-15% yields drawing international investors.

• South Africa: Despite 30% U.S. tariffs, the rand benefits from the central bank’s pursuit of a lower 3% inflation target, attracting capital inflows.

• India: The Reserve Bank of India has allowed greater flexibility in the rupee’s exchange rate while benefiting from lower domestic inflation.

Strategic Implications
BRICS’ ability to maintain cohesion under U.S. economic targeting will be tested in the months ahead. The group’s unity is further influenced by the stability of U.S.-China trade relations, with critical diplomatic deadlines — including August 12 — potentially reigniting tensions.

This moment will determine whether BRICS can sustain its founding principle of providing a counterweight to Western financial dominance, or whether national interests will override collective solidarity.

@ Newshounds News™
Source: Watcher.Guru   

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Sunday 8-10-2025

TNT:

Tishwash:  The Central Bank to Al-Maalouma: Our measures for banks are necessary, but not strict.

A member of the Central Bank's Board of Directors, Ahmed Brihi, confirmed today, Saturday, that the standards set by the bank to reform the banking sector are not strict or prohibitive, but rather aim to protect banks from collapse and ensure the safety of depositors' funds, in addition to preserving Iraq's international financial relations.

Brihi said in a statement to Al-Maalouma Agency, “The banking reform standards approved by the Central Bank related to private banks are not strict measures as promoted, but rather are necessary steps aimed at ensuring financial stability and preventing banks from collapsing.”

He added, "A number of private banks faced circumstances that disrupted their financial operations, which required the Central Bank to establish regulatory standards to protect them and depositors' funds."

He pointed out that "these standards also take into account the importance of maintaining the Central Bank's international financial relations, which represent a decisive factor in Iraq's monetary and financial stability."  link

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

Tishwash:  The Central Bank of Iraq's fines on banks and financial companies exceed 66 billion. 

The Central Bank of Iraq announced on Saturday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 66 billion Iraqi dinars during the first half of 2025.

Statistics from the bank showed that “the fines imposed on banks and financial companies during the past six months, starting from January/November until the end of last June, amounted to 66 billion, 210 million, and 955 thousand dinars,” indicating that “the fines also included 77 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts, and grace periods.”

The bank stated that, "These fines decreased from the same period last year, which amounted to 181 billion, 842 million, and 854 thousand dinars, while the penalties amounted to 151, distributed between warnings, cautions, and grace periods."

The bank did not name the banks subject to the fines or administrative penalties. There are approximately 51 private banks, including 23 private commercial banks and 28 private Islamic banks.  link

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

Tishwash:  Al-Sudani announces decisive steps to reform Iraqi banks and restore confidence in the financial sector.

Prime Minister Mohammed Shia al-Sudani affirmed on Sunday the continuation of the comprehensive banking reform process through three basic steps, emphasizing the need for implementation to be based on a balanced vision that takes into account the specificities of Iraqi reality and ensures enhanced confidence in the banking sector.

A statement issued by his office, received by Al-Mada, said, "Al-Sudani was briefed on the latest developments related to the banking reform paper, particularly those related to private banks, appreciating the efforts made by the Central Bank of Iraq in preparing the document, which aims to enhance financial stability, achieve transparency, and raise the efficiency of the banking sector."

The statement indicated that "the Prime Minister paid special attention to the observations contained in the letter from the Iraqi Private Banks Association dated August 3, which included challenges facing local banks in implementing some provisions of the document, particularly those related to capital increase requirements, the adoption of a strategic partner, the costs of contracting with foreign companies, as well as the binding timelines. Accordingly, Al-Sudani called for adopting a participatory and consultative approach between the Central Bank and Iraqi banks by forming joint technical committees to review reform requirements and ensure their compatibility with the national financial and economic reality, in a manner that maintains a balance between reform requirements and the capabilities of local banks and protects the interests of investors and workers in this vital sector."

Al-Sudani explained that "the three approved steps begin with opening an expanded dialogue between the Central Bank and the banks to clarify the technical aspects of the document and discuss possible implementation mechanisms and their gradual progression.

This includes taking into account the specificity of the Iraqi reality when applying international standards, while committing to reform in principle and formulating standards in a manner that enhances confidence in the banking sector. This is followed by reassuring the banking community through clear messages that the goal of reform is empowerment, not exclusion, and that the doors of discussion remain open to serve the national economy."

For his part, banking expert Majid Abdul Hamid told Al-Mada that "the document represents a necessary step to raise the efficiency of the banking sector and improve the business environment in Iraq, but its success depends on gradual implementation and linking each stage to a clear support plan." He explained that the immediate implementation of some provisions, such as increasing capital or requiring a strategic partner, could place small banks under significant financial pressure, which requires granting them appropriate periods of time to adapt.

Economist Ayad Al-Rawi explained to Al-Mada that "banking reform is part of a broader economic reform, and that raising technical standards for banks will boost the confidence of depositors and investors. However, he warned that the lack of effective communication with the public could lead to unjustified fears and sudden withdrawals of deposits."

He stressed that "gradualness and transparency in announcing measures will be key to the success of reform, calling for a supportive legislative and financial environment to reduce risks to the local market."

As the government continues its path of banking reform, the stakes remain on the ability of the relevant parties to balance adherence to international standards with their adaptation to Iraqi market conditions, thus preserving the sector's stability and enhancing its role in financing development and supporting the national economy.  link

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

Mot: . OK!!! --- Bringing OUT the ""RV Clock""

Mot: .. can ya sing um???? 

News, Rumors and Opinions Sunday 8-10-2025

KTFA:

Frank26:  "FINANCIAL TECHNOLOGY IN THE CBI!!!".......F26

An international delegation discusses digital currency legislation and financial market development with Al-Mashhadani.

SNIPPET:

 Mahmoud Al-Mashhadani

 On Friday, August 8, 2025, Iraqi Parliament Speaker Mahmoud al-Mashhadani discussed digital currency legislation and financial market development with an international delegation.   LINK

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

Clare:  Mobilization to pass the Popular Mobilization Law.. A message to 183 Shiite MPs: This may be your last chance.

8/9/2025 

State of Law Coalition, led by Nouri al-Maliki, warned on Friday evening against postponing the Popular Mobilization Forces (PMF) law to the next parliamentary session, asserting that the lack of political consensus and the refusal of some blocs to attend were behind the law's stalled passage in the House of Representatives.

"The real reason behind the failure to pass the Popular Mobilization Forces law is the absence of Sunni and Kurdish representatives, which led to the breaking of the legal quorum and the lack of the political agreement required for its approval," coalition spokesman Aqil al-Fatlawi told Shafaq News Agency.

He pointed out that "the 183 Shiite MPs are required to attend the session in support of this segment of the population, which has made enormous sacrifices in defense of Iraq," adding that "absence from the vote is a clear failure of the Popular Mobilization Forces as a national security institution."

Al-Fatlawi acknowledged the existence of "a clear American role in influencing some political blocs linked to Washington institutions, which contributed to delaying the law," stressing that "these influences are beginning to have a direct impact on the decisions and actions of MPs within Parliament."

He explained that "postponing the Popular Mobilization Law to the next parliamentary session will complicate its passage, due to the lack of clarity regarding the nature of future political alliances." He noted that "the law does not target any particular group. There are approximately 30 Sunni MPs with tribal militias that benefit from its provisions, and therefore its passage serves all parties."

He concluded by saying, "We are anticipating what happens after the Arbaeen pilgrimage. A decisive session may be held, but it will be the last opportunity to pass the law during this parliamentary session."

This position coincides with the US State Department's confirmation that Washington opposes legislation in Iraq that would "transform it into a state subservient to Iran," threatening to impose sanctions on financial entities linked to armed groups.

The Popular Mobilization Forces (PMF) were established in Iraq in mid-2014 under the "sufficiency jihad" fatwa issued by the country's top Shiite authority, Ayatollah Ali al-Sistani, following the fall of Mosul to ISIS. Thousands of fighters from armed factions, some of which were active before the fatwa, participated in its formation. Its primary role at the time was to repel the extremist group's rapid advance across large areas of northern and western Iraq.

In November 2016, the Iraqi parliament voted on a law legalizing the Popular Mobilization Forces (PMF) as a security institution within the armed forces. However, the law lacked clear organizational details, opening the door to repeated calls for its legal restructuring and reformulation.  LINK

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

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man   Iraq has all the natural resources.  They have what's called inputs and outputs.  They're going to make money coming and going.  That's the way it works.  Iraq is very fortunate to have her natural resources to be able to pull this off.  The world knows that, especially the stakeholders who have been doing this for over 20 years...You've not seeing anybody back off and say, we're not investing in Iraq.

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Speaker of the House of Parliament and international experts discussed the importance of the digital currency...He was talking about how Iraq is all in on this and making the investment of Iraq ready for global and international markets.  FRANK:   Yeah, the whole world is waiting...Tell that idiot all we need is a new exchange rate.

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

CRASH INCOMING: 40% Market Concentration Triggers Everything Bubble Risk

Taylor Kenny:  8-9-2025

Over 40% of the S&P 500 is now concentrated in just 10 companies, a dangerous setup that we’ve only seen before the Great Depression.

This is how market euphoria ends, not with a warning, but with a sudden, brutal crash that takes everyone by surprise.

CHAPTERS:

0:00 S&P 500

3:00 The Great Depression

4:25 Euphoria Indicator

7:16 Why the Divergence?

 10:11 Smart Money Knows

https://www.youtube.com/watch?v=bv4CdVXcHoU

Iraq Economic News and Points To Ponder Sunday Morning 8-10-25

 The Iraq Stock Exchange Ended The Week With Significant Gains

Money and Business   Economy News – Baghdad   The Iraq Stock Exchange announced, on Saturday, that it recorded strong gains in stock indices during the first week of August 2025, which witnessed the organization of five trading sessions from Sunday (August 3) to Thursday (August 7).

The market stated in its weekly report that the number of shares traded during this period exceeded 5 billion shares, with a financial value exceeding 16 billion Iraqi dinars.

The ISX60 closed at 960.27 points, up 8.16% from 881.94 points at the start of the week, while the ISX15 rose 5.20% from 1,068.87 points to 1,127.47 points.

The number of contracts executed for buying and selling shares of listed companies reached 6,797 contracts during the week.      https://economy-news.net/content.php?id=58569

The Central Bank Of Iraq Imposes Fines On Banks And Institutions Amounting To More Than 66 Billion Dinars

Banks   Economy News – Baghdad   The Central Bank of Iraq announced on Saturday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 66 billion Iraqi dinars during the first half of 2025.

Statistics from the bank showed that "fines imposed on banks and financial companies during the past six months, starting from January/November until the end of last June, amounted to 66 billion, 210 million, and 955 thousand dinars," indicating that "the fines also included 77 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts, and grace periods."

The bank stated that, "These fines are down from the same period last year, which amounted to 181 billion, 842 million, and 854 thousand dinars, while penalties amounted to 151, distributed between warnings, cautions, and grace periods."

The bank did not name the banks subject to the fines or administrative penalties. There are approximately 51 private banks, including 23 private commercial banks and 28 private Islamic banks. https://economy-news.net/content.php?id=58562

Kurdistan Fields Recover, Producing More Than 200,000 Barrels Per Day

Energy  Economy News – Baghdad   The economic observatory Echo Iraq revealed on Saturday that the Kurdistan Region's oil production has exceeded 200,000 barrels per day.

The observatory reported that the oil fields in the region that were bombed have resumed operations, and their daily production has increased to more than 200,000 barrels. It noted that the most prominent producing fields include: Sheikhan, Tawke, Bashkabir, Khormala, and Sarsink.

He explained that "the region and Baghdad have not yet reached an agreement on resuming oil exports due to disagreements over the wages of companies operating in the region," adding that "resolving the crisis requires a meeting between the three parties involved or the payment of the companies' wages, which the federal government rejects."

Earlier, the observatory observed a decline in oil production in the Kurdistan Region from 280,000 barrels per day to just 81,000 barrels, following a series of explosive drone attacks targeting oil facilities between July 14 and 17, 2025, particularly in the Dohuk and Erbil regions.
https://economy-news.net/content.php?id=58552

Basra Crude Oil Suffers Weekly Losses Of More Than 6%

economy | 10:38 - 09/08/2025  Mawazine News – Baghdad   Basra crude oil prices recorded a significant weekly loss of more than 6%.   The prices were as follows:

- Basra Heavy crude closed in the last trading session yesterday, Friday, down 87 cents to reach $64.73 per barrel, recording a weekly loss of $4.55, equivalent to 6.57%.

- Basra Medium crude closed in the same session down 87 cents to reach $67.98, recording a weekly loss of $4.35, equivalent to 6.01%.   https://www.mawazin.net/Details.aspx?jimare=264774

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

This Is How Most Americans Actually Become Millionaires

It’s Not Glamorous, but This Is How Most Americans Actually Become Millionaires

John Csiszar  Sat, August 9, 2025  GOBankingRates

You may be surprised to find out that about 18% of Americans are millionaires, translating to roughly 25 million individuals, according to a report by Wealth Management USA. And while there are plenty of ways to accumulate a seven-digit net worth, some avenues are more common than others.

Many millionaires start their own business or invest in real estate to earn their riches, while others imply inherit the money. But the number one way that Americans become millionaires is actually within reach of average workers, provided they start early and stick to their plan.

Here’s the “boring” path to riches that doesn’t involve starting a business, investing in real estate or inheriting the money.

Consistent Investing

Want the “easy” way to a million dollars? Continually invest on a regular basis.

According to a report from Morningstar, investors who have $1 million or more in their Fidelity 401(k) accounts consistently invest, typically every two weeks or every month. They don’t trade in and out of aggressive investments, like leveraged ETFs, but instead simply sock away their money on a regular basis into their “boring” investments.

What’s the Secret?

There are a number of reasons why consistent investing is the “easy” path to $1 million. First, regularly adding money to your investments regardless of the market environment ensures that you’ll get an average price. You’ll be buying more stock when prices are low and less when prices are high. You won’t be putting all your money in either at the absolute bottom or at the peak — but since the long-term trend of the market is up, getting that “average” price provides a significant return.

Second, by consistently investing in “boring” options like mutual funds, 401(k) funds or high-quality stocks, you won’t be taking on excess risk. With automated contributions coming out of your paycheck or bank account, you won’t get tempted to chase the latest investment fad, a mistake that costs many novice investors their entire bankroll.

As preservation of capital is half the battle when it comes to building wealth, automatically contributing to relatively “boring” investments can help protect your bankroll over the long run.

The third reason why consistent investing works is a simple one. If you continually add money to your account, you’ll have more money in it.

TO READ MORE:  https://www.yahoo.com/finance/news/no-1-way-americans-become-150405344.html

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-10-25

Good morning Dinar Recaps,

Bo Hines Steps Down from White House Crypto Council, Moves to Private Sector

Washington, D.C. – The U.S. crypto policy landscape is losing one of its most visible leaders. Bo Hines, who rose to head the Presidential Council of Advisers for Digital Assets in late 2024, has announced his departure after less than a year in the role. The move marks a shift for the Trump administration’s push to position the United States as a global blockchain hub, raising questions about whether its momentum can be sustained.

Key Points

• Hines was appointed in December 2024 by President Donald Trump and worked closely with David Sacks to advance U.S. crypto leadership.

• His departure, effective August 9, 2025, is driven by a return to the private sector, though he plans to remain active in supporting the digital asset industry.

• Patrick Witt, the current deputy director, is widely expected to take over, though no official confirmation has been made.

A Short but Impactful Tenure

Hines’ exit comes just weeks after the release of the council’s flagship regulatory report on digital assets. In a statement, he called his time in the role “the honor of a lifetime” and expressed gratitude to the crypto community for its support.

During his tenure, Hines spearheaded several initiatives, including close coordination with the White House’s AI & Crypto Czar, David Sacks. His work was central to the administration’s broader pro-innovation agenda.

Policy Legacy: Ambition Meets Constraints

One of Hines’ hallmark projects was the Strategic Bitcoin Reserve Initiative. Signed into policy by President Trump in January 2025, the plan created a national BTC reserve and crypto stockpile, prohibiting state sales and requiring budget-neutral acquisitions.

To expand reserves, Hines proposed a novel approach: revaluing U.S. gold reserves (currently recorded at $42.22 per ounce versus a spot price around $3,400) and converting part of the updated value into bitcoin. While potentially transformative, the recommendation has yet to be implemented. Critics have also noted the slow pace of BTC accumulation under the plan.

Looking Ahead

Hines leaves behind a mixed legacy—political momentum bolstered by the passage of the Genius Act, but several strategic initiatives remain incomplete. His successor will face the challenge of advancing these policies while navigating regulatory, fiscal, and political hurdles.

Whether under Patrick Witt or another appointee, the future of America’s ambition to lead the global crypto industry will hinge on converting bold proposals into measurable outcomes.

@ Newshounds News™
Source: CoinTribune

~~~~~~~~~

Crypto Debanking Persists Despite Trump’s Pro-Crypto Push

Washington, D.C. – Despite President Donald Trump’s pro-crypto policies and campaign promises, U.S. banks continue to close accounts for crypto firms, a practice widely associated with “Operation Chokepoint.” Industry leaders say the debanking trend remains deeply entrenched, creating significant challenges for the sector.

Key Points

• Ongoing Debanking: U.S. banks are still cutting off crypto companies, often without explanation, despite federal pro-crypto rhetoric.

• Unicoin Impact: Unicoin CEO Alex Konanykhin reports that his company and subsidiaries have been debanked by multiple major banks.

• Potential Policy Shift: President Trump is preparing an executive order to identify and penalize banks engaged in debanking.

• Regulatory Uncertainty: Experts warn that meaningful reform will depend on the final wording of regulations and laws.

A Practice That Won’t Go Away

After Trump’s election, many in the crypto community expected an end to restrictive banking practices. However, recent warnings from industry figures suggest otherwise. Andreessen Horowitz partner Alex Rampell recently described the latest wave of restrictions as “Operation Chokepoint 3.0,” targeting fintech and crypto apps through higher fees and barriers to fund transfers.

Konanykhin confirmed that Unicoin has been impacted first-hand, losing accounts with Citibank, Chase, Wells Fargo, City National Bank of Florida, and TD Bank over the years—four of them in 2025 alone. “This suggests that Chokepoint is a large-scale nationwide operation,” he said, noting that Unicoin is a publicly reporting company with six years of audited financials and over 4,000 shareholders.

Economic Impact on U.S. Crypto

Konanykhin described the debanking campaign as “highly disruptive and damaging,” depriving crypto firms of essential banking services and suppressing U.S. competitiveness in the global digital asset market.

On Thursday, Bloomberg reported that President Trump plans to sign an executive order directing federal banking regulators to identify and penalize institutions engaged in debanking. The order would also require certain banks to reinstate unlawfully denied clients.

Konanykhin expressed optimism:

“The President knows the pain of de-banking first-hand and seems determined to stop this form of economic warfare against American businesses.”

He added that ending the practice could help U.S. crypto achieve global prominence, likening its potential influence to Hollywood in entertainment or Silicon Valley in technology.

The Role of Regulation

While political intent is clear, regulatory outcomes remain uncertain. Elizabeth Blickley, a partner at Fox Rothschild’s Tax Controversy & Litigation Practice, stressed that change will hinge on the final language of rules and laws.

She cited the Genius Act, recently signed into law, which gives the Federal Reserve’s Stablecoin Certification Review Committee 180 days to design a regulatory framework. However, she cautioned that many bills never progress in Congress and that resulting regulations could face legal challenges from multiple fronts.

“A regulation may facially comply with the President’s request or a law passed, yet have little application or disproportionate impacts based solely on word-choice,” Blickley said.

For now, she believes banks will maintain a risk-averse approach toward crypto until new regulations clearly reduce perceived risks:

“It’s all about making risk-averse entities and people feel like crypto is less of a risk.”

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Tether & Circle Now Hold More U.S. Debt Than Several Nations

Two of the world’s largest stablecoin issuers, Tether (USDT) and Circle (USDC), have quietly emerged as major players in the U.S. Treasury market — now holding more U.S. government debt than Germany, South Korea, and the UAE combined.

Fueled by rising global adoption and the recent GENIUS Act, which legitimized stablecoin use, the sector’s total market cap of $270 billion could soar to $2 trillion by 2028. Tether currently holds over $100 billion in Treasury bills, ranking as the 18th-largest holder worldwide, while Circle’s $45–$55 billion portfolio pushes the combined total beyond those of several advanced economies.

Stablecoins, once niche crypto tools, are increasingly integrated into cross-border payments and institutional finance, with transaction volumes already rivaling Visa. Industry experts say their growing demand for U.S. debt could help stabilize Treasury markets and reinforce dollar dominance.

However, skeptics warn of potential financial stability risks if confidence in issuers falters, and banking lobbyists caution about possible impacts on deposits and lending. Still, the emergence of stablecoin issuers as heavyweight U.S. debt buyers marks a pivotal shift — with liquidity power now partly concentrated in the hands of crypto-native institutions.

@ Newshounds News™
Source: BeInCrypto

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

MilitiaMan and Crew: Iraq Dinar News- Oil Exports-Government Reforms

MilitiaMan and Crew:  Iraq Dinar News- Oil Exports-Government Reforms

8-9-2025

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

Welcome back to our channel! In today’s video, we dive deep into the current economic landscape of Iraq, focusing on several key developments that are shaping the nation’s future.

Topics Covered:

The Iraqi Dinar: Understanding its value and the implications of recent fluctuations on both local and international markets. Iraq has value to impact them!

Ministry of Planning's New Project: We explore the Ministry of Planning's initiative to link electronic fingerprints, enhancing security and efficiency in public services.

 Fighting corruption inclusive! Oil Exports from the Kurdistan Region: The impact of oil flow through the Ceyhan Pipeline will benefit Iraq, regional partners and most of all the people of Iraq!

Prime Minister Sudani's Commitment: An analysis of Sudani's emphasis on reform and his pledge to combat corruption within government sectors.

 Minister of Finance's Salary Resettlement Initiative: Insight into the Minister of Finance's plans to streamline and ensure timely salary payments for public employees. Think Rafidain and Rasheed Banks.

Tensions Over Oil Agreements: We discuss the regional government's accusations of violating oil agreements with Baghdad and the implications for national unity and economic stability.

https://www.youtube.com/watch?v=6Lq2ef4-MGs