Iraq Economic News and Points To Ponder Sunday Afternoon 8-24-25

About 80% Of The Currency Is In Iraqi Homes, An Expert Explains.
 
Economy |  23/08/2025  Mawazine News – Baghdad   The economic expert confirmed, Nabil Al-Marsoumi, that citizens retain up to 80% of the monetary mass in Their homes are damaged   due to a number of reasons,most notably the crisis of confidence between banks and citizens.    Al-Marsoumi said, Statement:
 
"This crisis has worsened after the Central Bank recently announced the inability of 10 Banks are returning citizens' financial deposits,   which is what happened previously with another group of Banks. 

He also considered that  “Routine is one of the important reasons for citizens’ inability to withdraw Their entire financial amounts are being paid, as banks are dividing them, which is unacceptable.” 

Al-Marsoumi added,  “Complications, abuse, and difficulty in recovering deposited funds   are all things that obscure Citizens,  especially merchants and contractors, are urged not to deposit their money in banks. 

The expert concluded his speech Emphasizing the "need for banks to develop their dealings with the public to consolidate confidence." "mutual," he said, noting that  "the current situation is explained by a loss of confidence in the regime." Banking and complex procedures.         https://www.mawazin.net/Details.aspx?jimare=265618 

Experts: Rafidain Bank Has Closed The Door To Those Lurking.
 
Economic 08/24/2025  Baghdad: Hussein Thaghab  Shukran Al-Fatlawi   Experts believe that the partnership agreement signed by Rafidain Bank with the American company K2 Integrity represents part of a series of international contracts concluded by the bank with American financial institutions aimed at restructuring the bank and developing its electronic and banking procedures.
 
The bank's general manager, Ali Al-Fatlawi, emphasized that this partnership represents a 
"professional and legal bulwark that will block the path of those who are lurking," explaining that
 
it will establish clear and transparent rules for governance and compliance,
ensuring that "the voice of reform reaches the world, not the voices of deception or politicization." 
 
Al-Fatlawi described the agreement with the international company as a "certificate of integrity and trust" and a clear message that  Rafidain Bank is "leading a new path that will place the Iraqi banking sector in its rightful place."
 
New start
 
International expert Saif Al-Halfi explained that the importance of the announcement of the signing of the partnership agreement between  Rafidain Bank and K2 Integrity in Washington lies in its timing, which coincided with escalating international pressure on the Iraqi banking sector in general, and on government banks,  particularly Rafidain Bank.

Speaking to Al Sabah, Al Halfi explained that this step represents a strong response to the unofficial accusations recently leveled against one of the bank's branches, emphasizing that
 
it lays the foundation for a new beginning through a comprehensive suite of services that relies on the bank's professionalism and efficiency in complying with anti-money laundering and counter-terrorist financing (AML/CFT) standards. 

He added that the partnership agreement, from a legal and technological perspective,effectively establishes compliance systems that are compatible with international standards,particularly those adopted by Washington, the   international community, and the G7 countries.

He noted that this strengthens the position of the Iraqi banking sector on the global financial system map.
 
Strengthening the regulatory structure
 
Al-Halfi added that  the essence of the partnership agreement between the two parties lies in
developing international legal frameworks within anti-money laundering systems, while providing the bank with the necessary technologies to implement these frameworks and strengthen its regulatory infrastructure.
 
This will serve the public dealing with Rafidain Bank, the first government-owned bank established in the country and a cornerstone of banking operations.  

Al-Halfi pointed out that   Money laundering and terrorist financing
 
the contract focused on specific concepts, most notably enhancing anti-money laundering and counter-terrorism financing (AML/CFT) measures, explaining that Iraqi banks are in dire need of designing and implementing more effective frameworks and procedures that rely on automation and high accuracy. 

He explained that the agreement also includes enhancing the efficiency of the bank's internal reporting and oversight,  as some of these systems were previously unable to perform their role with the required effectiveness.
 
Compliance with international standards
 
Al-Halfi explained that the purpose of the partnership agreement is to align local policies, regulations, and Iraqi laws with international standards, noting that the agreement includes the highest levels of governance regarding    internal controls,   risk management, and   reporting.
 
More comprehensive banking reform
 
The international expert believes the contract will contribute to strengthening the regulatory structure of the Iraqi banking sector, as internal oversight is the true foundation for evaluating banking operations.

He emphasized that  K2 Integrity's expertise will positively impact not only Rafidain Bank,but all Iraqi banks as part of a broader government reform process aimed at     restructuring the financial sector and  enhancing the international community's confidence in it.
 
Open work paths
 
Financial affairs expert Dr. Mustafa Akram Hantoush told Al-Sabah that the reforms taking place at Rafidain Bank are extremely important, noting thatthe bank's contract with the international company K2 is a qualitative step.

He said that this contract will expand Rafidain Bank's work paths internationally, and this move distances it from the stagnation that negatively impacts a bank of this size, as it has 100 branches inside Iraq and 9 abroad. 

He added that this cooperation with a global company will  inevitably achieve positive results and  enable the bank to open an account in one of the largest global banks,  which signifies a new phase of international cooperation.
 
Improving banking foundations
 
In a related development, financial expert Sherwan Anwar Mustafa told Al-Sabah that Rafidain Bank is among the Iraqi banks seeking to improve its banking foundations and international reputation. He explained that Rafidain Bank is a key partner of IQ, which is a strategic partner allied with K2.

Mustafa added that  the gateway to international confidence in Iraqi banks could stem from such a solid partnership or cooperation,sending reassuring messages to the international financial sector.

He explained that   Iraq is entering a new phase of banking operations that will transform it into a truly open country to global financial efforts, where all financial standards applicable to money movements will be implemented,  thus making our banks part of the global financial system.      https://alsabaah.iq/119383-.html   

Association Of Banks: Payment Points Increased To 60,000, And More Than 18 Million Electronic Cards Were Issued.
 
Today, Baghdad - INA - Wissam Al-Mulla   The Iraqi Private Banks Association announced on Sunday the
     issuance of more than 18 million electronic payment cards across the country, while noting that the
     number of payment points has increased to approximately 60,000.

Ali Tariq, executive director of the Iraqi Private Banks Association, told the Iraqi News Agency (INA), 
"The issuance of electronic cards in the country is witnessing a significant increase,     particularly following government decisions to  promote electronic payments and  oblige government and private institutions to collect electronically."

 He explained that "the number of cards issued has exceeded 18 million in Iraq, while the
number of electronic payment points has increased from 7,000 to approximately 60,000,
     with further increases expected in the coming period." He added,
 
"Banks continue to support various projects," explaining that "financial ceilings for small, medium, and large projects are determined by each financial institution based on the  nature of the project, its capital, and the  number of employees."      https://ina.iq/ar/economie/241710-60-18.html   

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

A Financial Pro on Managing Money as a Couple

One of You Saves, the Other Spends — Now What? A Financial Pro on Managing Money as a Couple

August 16, 2025  by    Laura Bogart

What’s the best way to manage money with a partner? 

You’re sitting at the breakfast table with your partner. Gazing into their eyes, you think about how much you love them, how much they — to quote “Jerry Maguire” — “complete you,” and how fortunate you are to have them.

Just as you’re about to fall even deeper in love, they open their mouth to tell you they might have, ahem, put a little more on the credit card than they planned. Or perhaps to chide you for not taking your employer match on your 401(k).  

Ah, love. Ain’t it grand? It still can be — even if your money habits clash — when you learn how to balance different financial styles. That process might sound complex and uncomfortable, but according to Emma Johnson, founder of Wealthy Single Mommy and author of “The 50/50 Solution” and “The Kickass Single Mom,” it starts with something simple: listening to each other.  

GOBankingRates caught up with Johnson to get her take on how happy couples can stay happy couples when it comes to managing money together.

YOU TUBE:  https://www.youtube.com/watch?v=dqyl46S4HvM&embeds_referring_euri=https%3A%2F%2Fwww.gobankingrates.com%2F&source_ve_path=OTY3MTQ

 Respect Each Other’s Financial Independence  

One of Johnson’s first pieces of advice is to recognize that you and your partner are, well, your own people. You each had fully formed identities and managed your own money before you got together. Acting like a parent or boss with your partner’s finances can only breed resentment.

“Each partner needs some financial autonomy – money you can spend without checking in first,” Johnson said. “You’re both adults.” 

Therapists back this up. Given how often couples argue over money, it’s not surprising that services like Ascencion Counseling include financial advice right on their websites. To keep your financial independence while managing joint responsibilities, you and your partner need to communicate and plan together.

One common approach is to open a joint account for major shared expenses like rent, utilities and groceries, while keeping separate accounts for personal spending. Once you agree on how much each of you will contribute — ideally based on income rather than splitting everything 50/50 — you can still maintain individual control over your own separate accounts.  

This kind of setup gives each partner more confidence in their financial abilities while also minimizing potential resentment. That’s a win-win.

Love Each Other Through Your Differences  

TO READ MORE: https://www.gobankingrates.com/saving-money/savings-advice/one-saves-other-spends-financial-pro-manage-money-couple/?hyperlink_type=manual

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 8-24-25

Good Afternoon Dinar Recaps,

China Pushes Yuan as BRICS Reserve Currency, Faces Resistance

China is advancing efforts to position the yuan as the reserve currency of BRICS, challenging the dominance of the U.S. dollar. However, resistance from fellow BRICS members threatens to stall Beijing’s ambitions.

China’s Push for the Yuan

Beijing has steadily promoted the yuan for trade, cross-border payments, and central bank reserves, especially during the 2023 and 2024 BRICS summits.

• Russia and Brazil have increasingly settled oil and commodity trades in yuan, largely due to U.S. sanctions on Moscow.

• India briefly used yuan for settlements but later stopped.

• Through the New Development Bank (NDB), China has also encouraged lending in yuan, with countries such as Pakistan, Sri Lanka, and several African nations receiving loans denominated in the currency.

These moves, though not officially branded as a “reserve currency initiative,” underscore China’s intent to reduce reliance on the U.S. dollar and elevate the yuan’s global role.

Growing Resistance Inside BRICS

Despite Beijing’s push, divisions within BRICS remain clear:

• India and South Africa have consistently opposed making the yuan the bloc’s reserve currency.

• Brazil has recently joined their stance, signaling concern over China’s dominance.

• Instead, these nations favor a multicurrency system—a basket of local currencies that can collectively compete with the U.S. dollar, rather than relying on one nation’s currency.

Why It Matters

The internal split highlights a key challenge for BRICS: while members agree on reducing dependence on the dollar, they do not agree on letting the yuan replace it.
Without consensus, China’s vision of a yuan-centered BRICS reserve faces significant hurdles, leaving the bloc’s true de-dollarization strategy still in flux.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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We’re Near Endgame, Ponzi to Blow up or Collapse

We’re Near Endgame, Ponzi to Blow up or Collapse

Liberty and Finance:   8-23-2025

Have you ever really stopped to consider what money is? Is it just government-issued paper? A digital entry on a screen? Or is there something more fundamental at play?

A recent, eye-opening discussion between Kaiser Johnson from Liberty and Finance and Phil Low dives deep into these very questions, challenging conventional wisdom about monetary theory and offering crucial insights into our current economic landscape.

 If you thought you knew money, this conversation will make you think again.

For many, the prevailing idea is the “sovereign force theory”—the belief that money’s value comes from government decree and its ability to enforce taxation. But Phil Low, drawing on the Austrian school of economics, presents a compelling counter-argument: money isn’t imposed; it emerges naturally as the most liquid commodity to solve the “coincidence of wants” problem in trade.

Imagine trying to barter for everything you need! Money simplifies this. Phil uses vivid analogies, from seashells to “life certificates” and the stark reality of coercion, to illustrate that tokens enforced by force do not truly monetize.

They may be instruments of taxation, but they fail to become a true medium of exchange beyond that specific use case. The market, in its wisdom, seeks out the most desirable, divisible, and durable commodity to facilitate trade.

The discussion then takes us on a historical tour, emphasizing that from ancient times right up to August 1971, the world’s economies largely operated on a gold and silver standard.

This wasn’t a fluke; it was a testament to the market’s natural gravitation towards these precious metals as reliable forms of money.

What’s truly fascinating is their analysis of the supposed “departure” from the gold standard in 1971.

They argue that this move didn’t cause a sudden repricing of goods, as one might expect from a purely fiat system. Instead, the system has remained effectively gold-backed, not through direct convertibility, but through credit expansion, artificially extending the prior gold-based system rather than truly becoming the “sovereign fiat system” most commonly believe it to be. This is a subtle yet profound distinction that upends traditional narratives.

When it comes to precious metals, there’s a critical distinction. Monetary metals like gold, silver, and copper are standardized, stamped, and recognized as currency, making them easy to trade. Think of a gold coin. 

Non-monetary metals, conversely, are jewelry, artifacts, or raw forms – beautiful, perhaps, but less liquid in trade. In a crisis, the ease of valuation and transaction makes monetary forms vastly preferable. This nuance is crucial for anyone considering precious metals as a safeguard.

The conversation shifts to the urgent present, highlighting the extreme volatility in financial markets. Phil Low describes the Federal Reserve’s current efforts as struggling to maintain a “Ponzi-like scheme,” printing exponentially increasing amounts of fiat currency to prop up failing banks and government debt. This desperate measure results in wild swings in interest rates and market panic, further exacerbated by conflicting opinions on Fed policy.

This isn’t just academic talk; it’s a warning. Phil advises viewers to prepare by holding monetary gold and silver alongside some paper dollars. His critical caution: do not rely on last-minute conversions or attempt to “trade the crash,” as the risks are simply too extreme. Early, calm preparation is paramount.

The discussion also briefly touches on the ever-expanding role of government and the increasing complexity of the state’s involvement in the economy, further complicating the financial landscape.

Kaiser Johnson and Phil Low offer practical advice on acquiring and holding precious metals, emphasizing the importance of understanding why you’re doing it and how to do it safely. Phil promotes his channel and resources, inviting those interested to delve deeper and prepare thoughtfully for what may lie ahead.

This isn’t just a video about economics; it’s a call to re-evaluate our foundational beliefs about money and to calmly, yet urgently, prepare for the financial future.

https://youtu.be/13S3IkVUe2A

News, Rumors and Opinions Sunday 8-24-2025

KTFA:

Frank26:  "ARE YOU GOING TO DO IT AT 1310?".........F26

 Al-Ghariri: Iraq is now in an advanced position to join the World Trade Organization.

 8/21/2025  Baghdad /  

Minister of Trade Athir Al-Ghurairi announced that Iraq has completed the technical files required to join the World Trade Organization.

Al-Ghurairi said in a statement: "Iraq has completed all the technical files required to join the World Trade Organization, after a negotiation process that extended for more than twenty years, during which Iraq faced many challenges and delays."

He added: "This achievement was made during the term of the current government, with an intensive qualitative effort that exceeded what was achieved in the previous stages combined," stressing: "Iraq is now in an advanced position paving the way for completing the requirements for full membership."

The Minister of Trade explained: "The national team concerned with accession, in coordination with the relevant ministries and sectoral bodies and in partnership with international institutions, has completed the review and update of all technical files, which included: the foreign trade system memorandum, the legislative implementation plan, agricultural support tables, the import licenses file, customs valuation, in addition to the sanitary and phytosanitary (SPS) files and technical barriers to trade (TBT)."

He continued: "The team also prepared accurate answers to (175) questions and inquiries submitted by the member states of the organization, while the Iraqi customs system was updated to the latest version in line with international standards and enhances Iraq's readiness for the next stages."

He stressed: "The files will be officially submitted to the World Trade Organization Secretariat through diplomatic channels, in preparation for holding the next meeting of the working group."  LINK

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Frank26:  "THAT PERCENTAGE REQUIRES A NEW EXCHANGE RATE"......F26

Al-Sudani's advisor: Iraq's external debt is at its lowest level in history, not exceeding 10% of GDP.

8/23/2025 - Baghdad

The Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Saleh, revealed that external public debt in all its forms is at its lowest level in the history of public finance.

Mazhar Mohammed Saleh said, "The Iraqi economy is one of the most cash-generating economies with high financial flexibility to meet the liquidity requirements of the economy in general, and the liquidity of public finances in particular, despite the rentier economic difficulties the country is facing due to external geo-economic factors witnessed worldwide and the Middle East in recent months."

Regarding external public debt, Al-Sudani's advisor explained that "in all its forms (sovereign and commercial), it is currently at its lowest level in the country's public finance history, with the portion due to be repaid by 2028 not exceeding 5% of GDP, or approximately 9 billion."

He pointed out that "adding the long-term external debt to the debt due above, it does not exceed 10% of the GDP, and a total of approximately $18 to $20 billion."

Regarding borrowing procedures, Mazhar Mohammed Saleh explained that "based on the strong fiscal space provided by fiscal policy for domestic borrowing and repayment, public finances have resorted to borrowing from the domestic market to meet public spending needs when necessary." 

He added, "The domestic debt stands at nearly 92.2 trillion dinars, some of which has accumulated over previous years. Today's domestic debt is borrowed from the local financial market to finance the government's financial leverage due to the drop in oil prices to below the rate stipulated in Federal General Budget Law No. 13 of 2023, the amended three-year budget."

 He noted that "about 47% of this domestic public debt is in the Central Bank's investment portfolio, backed by high foreign reserves approaching $100 billion," adding that "the total domestic and external debt as a percentage of GDP does not exceed 40%, which is within the global safe range of 60% of GDP. Therefore, Iraq's public debt as a whole falls within the criteria of international financial and economic stability."

 Mazhar Mohammed Saleh warned of "expanding debts," and that a disciplined policy must be adopted to maximize resources, especially non-oil ones, as part of the current government program.

He emphasized that "Iraq is one of the countries keen to repay its foreign debts within the public spending allocations in the annual general budget.

Therefore, it has enjoyed a stable credit rating from the credit rating agency since the adoption of that sovereign rating in 2016 and up to the present time, within the framework of a periodic evaluation conducted every six months and periodically by the international credit rating agencies Fitch Global and S&P for countries around the world."LINK

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

Nader From The Mid East   Question: "When will the lower denominations drop?"   When the CBI make a decision.  Nobody knows that.  They're there but they're not out.  Whenever they make decision to get them out they will drop them.  They will just drop them.

Mnt Goat  Article:  "BAGHDAD AND ERBIL ON THE VERGE OF A HISTORIC AGREEMENT: OIL, SALARIES, AND  NON-OIL REVENUES ARE CLOSE TO BEING RESOLVED"

Frank26  Oliver Wyman has extended the deadline from August 31st until the 28th of September concerning banks' liquidity.  Many will say, 'Oh, no, this is the end of the world...bad news...terrible. They didn't do what they were supposed to do, again.'  IMO this is actually very very good...Donald Trump is not playing any more games with anyone, especially with the monetary reform of Iraq.  If Sudani and the CBI had not pleased Donald Trump enough to the point where he would say, 'Forget about it, we're shutting it all down.'  That's what would have happened...Instead, you have an extension by Oliver Wyman and Trump...He says, 'you're going in the right direction with the monetary reform.  You are pleasing me.'  If they weren't, this deadline would not have been extended.  

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IQD vs VND What Investors Must Know

Edu Matrix:  8-24-2025

The Iraqi Dinar (IQD) and the Vietnamese Dong (VND) are two of the most talked-about currencies in today’s Forex and investment world.

In this video, we break down the latest news on both currencies, explain how global events are shaping their value, and show how investors could potentially profit from trading IQD and VND.

You’ll learn how Iraq’s political stability, oil revenues, and regional tensions influence the dinar, and why Vietnam’s currency is hitting record lows against the U.S. dollar.

We’ll also explore how traders use Forex strategies and even gold as a hedge to protect against currency weakness.

Whether you’re curious about the future of the Iraqi Dinar, watching the Vietnamese Dong, or want to understand how Forex trading works, this video gives you the insights you need.

https://www.youtube.com/watch?v=7A2XuilPTAA

Iraq Economic News and Points To Ponder Sunday Morning 8-24-25

Mazhar Saleh: Iraq's Foreign Reserves Provide Exceptional Stability For The National Currency.

Time: 2025/08/22 Read: 1,335 times   {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that the Central Bank of Iraq enjoys substantial foreign reserves that represent the primary backing for the national currency. These reserves are managed within a diversified foreign currency investment portfolio in accordance with the highest standards of global banking efficiency and professionalism.

Saleh added in an interview with Al Furat News Agency that "the ability of these reserves to meet external demand for foreign currency for the purposes of financing import trade is one of the primary indicators of their efficiency," noting that "the global standard for financing trade from central bank reserves is three months' coverage, while Iraq has an exceptional capacity of up to twelve months."

He pointed out that "this level reflects a high degree of stability in the foreign exchange market, despite the temporary pressures on the current account of the balance of payments due to the relative contraction in oil prices," noting that oil revenues continue to constitute the main pillar in the formation and accumulation of these strategic reserves.

Saleh explained that "the Central Bank largely controls the foreign exchange market by imposing an official exchange rate of 1,320 dinars per dollar for the dinar. This has contributed to keeping the annual inflation rate below 3%, which falls within what is known as the normal range for the general price level or the natural price break-up in the country." He emphasized that this represents the highest levels of stability targeted by Iraqi monetary policy.  LINK

Fluctuations In Exchange Rates In Baghdad

economy | 12:00 - 08/23/2025   Mawazine News - Baghdad -  The dollar exchange rate witnessed new fluctuations in the capital's markets on Saturday.

The exchange rate for $100 in exchange shops reached 143,500 dinars for sale, compared to 141,500 dinars for purchase.  The exchange rate on the Baghdad Stock Exchange also reached 142,450 dinars. https://www.mawazin.net/Details.aspx?jimare=265594

A Crisis Of Confidence And Banking Red Tape... Why Do Iraqis Keep Billions Of Dollars At Home?

Time: 2025/08/23 Reading: 375 times   {Economic: Al Furat News} Economic expert Nabil Al Marsoumi confirmed that citizens' retention of up to 80% of their cash balance in their homes is due to a number of reasons, most notably the crisis of confidence between banks and citizens.

Al-Marsoumi told Al-Furat News: "This crisis has worsened after the Central Bank recently announced that 10 banks were unable to return citizens' financial deposits, a situation that had previously occurred with another group of banks."

He also considered that "red tape is a major reason why citizens are unable to withdraw their entire amounts of money, as banks divide them into portions, which is unacceptable."

Al-Marsoumi added, "The complexities, mistreatment, and difficulty in recovering deposited funds are all factors that prevent citizens, especially merchants and contractors, from depositing their money in banks."

The expert concluded his remarks by emphasizing "the need for banks to develop their interactions with the public to build mutual trust," noting that "the current situation stems from a loss of confidence in the banking system and its complex procedures."   LINK

The Prime Minister Directs The Completion Of The Final Draft Of The Iraq 2050 Vision.

Saturday, August 23, 2025, | Economic Number of reads: 219   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani directed the completion of the final draft of the (Iraq 2050) vision.

A statement by his media office said that Prime Minister Mohammed Shia Al-Sudani directed, today, Saturday, the Supreme National Committee for Strategies in Iraq, to ​​proceed with completing the implementation of the requirements of the comprehensive long-term national vision (Iraq 2050 - Towards Development and the Future), which paves the way for a strategic transformation in the Iraqi state system at various developmental, economic, administrative, digital technology and artificial intelligence levels.

Al-Sudani stressed, during his meeting with the Chairman of the Supreme National Committee for Strategies in Iraq, that the implementation of the anticipated vision should elevate the Iraqi reality and its specificities, as it represents a strategic roadmap that establishes a new national contract, restores confidence in institutions, and ensures the participation of all segments of society in shaping the country's future, away from immediate policies and reactions.

This directive comes in implementation of the vision presented by the Prime Minister in the ministerial program, within the framework of establishing a new era of sound forward-looking planning, redrawing the features of Iraq over the next three decades, based on the standards of sustainable development, social justice, digital transformation, and integrated sovereignty over decisions and resources. /End https://ninanews.com/Website/News/Details?key=1247915

It Has Risen In A Short Period. An Economist Warns Of The Risks Of Iraq's Internal Debt.

Economy | 08/23/2025  Mawazine News - Baghdad –  Economic expert Nabil Al-Marsoumi warned on Saturday of the escalating risks of Iraq's domestic debt, which has witnessed a rapid increase in a short period, which could affect the state's ability to finance itself and ensure sustainable financial performance.

Al-Marsoumi said in a clarification monitored by Mawazine News, "Iraq's domestic debt rose from 70.575 trillion dinars at the end of 2023 to 83 trillion dinars at the end of 2024, then rose at the end of the first half of 2025 to 92.2 trillion dinars, 47% of which was deducted from remittances at the Central Bank of Iraq."

He added that this domestic debt, which finances the budget deficit resulting from excessive operating spending, has several negative repercussions, which can be summarized as follows:

- A decrease in the real value of government financial assets and the loss of the government's ability to repay.

- Deepening the rentier nature of the economy and neglecting strategic investment.

- Increasing the burden on the general budget and worsening the deficit.

- Pushing inflation rates higher if this is not coordinated with monetary policy.

- Weakening the tools and control of the monetary authority.

- Declining economic growth as a result of the banking sector's allocation of government debt instruments instead of the private sector.

- Increased domestic debt service burdens, reaching 9.342 trillion dinars in 2024, could impact the standard of living if essential social spending is reduced.

These indicators confirm that domestic debt is no longer merely a temporary financing tool for the budget deficit, but rather a growing pressure factor on the macroeconomy.

Most loans go to cover operating expenses, without corresponding growth in productive investments, widening the gap between oil revenues and current spending.

 According to economists, the continuation of this trend deepens the budget's vulnerability to any shocks in oil prices and increases the state's dependence on domestic borrowing, which consumes a growing portion of its resources.  https://www.mawazin.net/Details.aspx?jimare=265600

New Deadline For Iraqi Banks To Lift Sanctions

economy | 07:58 - 08/22/2025   Mawazine News / Follow-up on granting Iraqi banks a “rescue period”.. After the banks rejected the American “Oliver Wyman” plan following sharp disagreements between the Iraqi Private Banks Association and the Central Bank of Iraq, and their rejection of the banking reform paper approved by the bank based on the plan of the American consulting company “Oliver Wyman”, and Al-Sudani’s resort to Washington in search of a solution, “Oliver Wyman” approved amendments to its terms within a “rescue plan” for the banks, which included the following:

- Extending the period for submitting pledges to September 30th instead of the end of August, taking into account “flexibility” in implementing the banking reform plan.

- Expanding the timeframe for capital increases from 200 billion to 400 billion dinars gradually over four phases, at a rate of 50 billion dinars annually until 2028.

- Raising the conditions for family ownership from 10% to 40% of the bank's portfolio size, which will give private banks greater opportunities to engage in the reform plan and escape the restrictions on dealing in dollars imposed by the Federal Reserve and the Treasury Department, starting in early 2029.

- Banks that are unable to join the reform process will be allowed to operate exclusively in the Iraqi dinar, without their licenses being revoked.   https://www.mawazin.net/Details.aspx?jimare=265562

Due to terrorist threats, the US embassy in Baghdad sounds the alarm.

A wish |  08/23/2025   Mawazine News – Baghdad  The US Embassy in Baghdad expressed its concern on Saturday about the ongoing operations and regional expansion of the terrorist organizations ISIS and al-Qaeda.

The embassy stated in a tweet on the "X" platform, "The United States continues to prioritize partnerships with allies and regional actors in counterterrorism, as we express our deep concern about the ongoing operations and regional expansion of ISIS and al-Qaeda."

It added: "The United States also commends the UN member states that have maintained counterterrorism pressure in Iraq, Syria, and Somalia, which has limited ISIS operations." https://www.mawazin.net/Details.aspx?jimare=265607

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-24-25

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-24-25

Good morning Dinar Recaps,

US Treasury’s DeFi ID Plan Sparks Privacy and Decentralization Concerns

The U.S. Treasury is weighing a controversial proposal that could fundamentally reshape decentralized finance (DeFi). As part of its new mandate under the GENIUS Act, the Treasury is exploring whether identity checks should be embedded directly into DeFi smart contracts.  While supporters argue this could block illicit finance, critics warn it risks turning permissionless systems into government-gated networks.

The Proposal

• Under the GENIUS Act, signed into law in July, the Treasury must evaluate new compliance tools for crypto markets.

• One idea: require DeFi protocols to automatically verify government IDs, biometrics, or digital wallet certificates before allowing transactions.

• Proponents say this would integrate KYC/AML checks directly into blockchain infrastructure, making it harder for criminals to exploit anonymity.

Fraser Mitchell, Chief Product Officer at AML provider SmartSearch, noted:

“Real-time monitoring for suspicious activity can make it easier for platforms to mitigate risk and prevent money launderers from using their networks.”

Privacy and Surveillance Risks

Critics say embedding ID at the protocol level could hollow out the essence of DeFi:

• Mamadou Kwidjim Toure, CEO of Ubuntu Tribe, compared it to “putting cameras in every living room.”

• Tying blockchain wallets to government IDs risks making every transaction permanently traceable to real-world identities.

• This could open doors to censorship, blacklisting, or even automated tax collection directly through smart contracts.

Toure warned:

“Financial freedom relies on the right to a private economic life. Embedding ID erodes that and creates dangerous precedents.”

Exclusion and Security Challenges

• Billions of people worldwide lack government-issued ID. A hard requirement could lock out refugees, migrants, and the unbanked.

• Data security risks escalate if biometric and financial data are linked—making breaches catastrophic.

Alternatives Exist

Experts argue the choice isn’t between crime havens and mass surveillance.

• Zero-knowledge proofs (ZKPs): Users can prove compliance (e.g., over 18, not sanctioned) without revealing identity.

• Decentralized Identity (DID) standards: Allow users to hold verifiable credentials and selectively disclose only what’s needed.

Toure summarized:

“Instead of static government IDs, users should hold verifiable credentials they selectively disclose.”

The Bigger Picture

The Treasury’s DeFi ID plan raises urgent questions:

• Can compliance be achieved without dismantling DeFi’s open, permissionless foundations?

• Will embedding government-controlled identity tools erode decentralization and limit financial freedom?

• Or can privacy-preserving technologies provide a middle path that balances security with autonomy?

As the GENIUS Act unfolds, these debates may determine whether DeFi remains a tool for global financial inclusion—or evolves into a tightly surveilled extension of traditional finance.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

“Good Sign” as Asset Managers Update XRP ETF Applications Following Ripple Court Resolution

The race for a spot XRP ETF gained momentum after several major asset managers filed amended applications with the U.S. SEC on the same day—just as a federal appeals court officially closed the Ripple case.

Multiple Updates Signal Progress

On August 22, CoinShares, Grayscale, Canary, Franklin, WisdomTree, Bitwise, and 21Shares updated their S-1 filings with the SEC for spot-based XRP exchange-traded funds (ETFs).

• The amendments introduce greater structural flexibility, including allowing XRP or cash creations and cash or in-kind redemptions.

• Analysts suggest the changes likely reflect direct SEC feedback, potentially increasing approval chances.

Analysts Call It a “Good Sign”

Bloomberg ETF analyst James Seyffart said the coordinated filings strongly suggest issuers are responding to regulator guidance, calling the move a “good sign.”

Similarly, Nate Geraci, President of NovaDius Wealth Management, emphasized that simultaneous updates are a positive signal that the applications are advancing in the SEC review process.

Legal Clarity Removes Barriers

The timing coincided with the Second Circuit Court’s approval of a joint request by Ripple and the SEC to withdraw their appeals—effectively ending the long-running case.

Community figure All Things XRP argued the decision puts XRP in the same regulatory category as Bitcoin and Ethereum, clearing a key legal hurdle. He estimated that XRP ETF approval odds may now be as high as 95%.

Following the news, XRP surged to $3.08, with trading volumes spiking as whales accumulated large amounts of the token.

XRP’s Path Mirrors Bitcoin’s ETF Journey

Observers note that XRP is now following a trajectory similar to Bitcoin’s:

1. Regulatory clarity.

2. Wave of ETF applications.

3. Price rally fueled by institutional demand.

With the SEC facing an October 2025 deadline to decide on several applications—including those from Grayscale, Bitwise, and 21Shares—analysts believe approval could spark billions in institutional inflows.

Although BlackRock has yet to file, estimates suggest existing issuers could attract over $5 billion into XRP ETFs if approvals move forward.

@ Newshounds News™
Source: The Crypto Basic

~~~~~~~~~

Gemini About to Launch the World’s First XRP-Linked Mastercard

Gemini has ignited speculation with a bold billboard hinting at an XRP Mastercard launch on August 25, sparking excitement across the crypto community and fueling a sharp rise in XRP’s price.

A Teaser That Turned Heads

The buzz began when Gemini shared an image of a massive New York City billboard reading “Prepare your bags” alongside the date August 25, 2025.

• The cryptic message immediately triggered theories of an XRP-branded Mastercard, though no official confirmation has been made.

• Gemini already offers a crypto rewards card, leaving some skeptical while others view this as a major step toward XRP’s mainstream adoption.

Ripple, Gemini, and Mastercard: A Possible Alliance

Unverified reports suggest a potential partnership between Ripple, Gemini, and Mastercard, with WebBank as the likely issuer to meet U.S. compliance requirements.

• John Deaton, a prominent crypto lawyer, suggested the card could outperform existing crypto-linked payment cards.

• Meanwhile, veteran XRP investor WrathofKahneman urged caution, reminding the community that speculation should not be mistaken for fact.

XRP Price Surges Past $3

The speculation arrives as XRP continues its rally:

• XRP climbed 8% in 24 hours, reaching $3.04, and outperforming Bitcoin.

• The surge follows a major milestone—the joint dismissal of the long-running SEC lawsuit against Ripple, which restored legal clarity to the token.

• Growing anticipation of an XRP ETF has also bolstered momentum, with many predicting significant institutional inflows if approved.

Why This Matters

If confirmed, the Gemini XRP Mastercard would mark a historic breakthrough for XRP’s real-world adoption, blending crypto payments with a globally recognized financial brand.
Combined with legal clarity and the possibility of an ETF, this move could push XRP further into mainstream finance than ever before.

@ Newshounds News™
Source: Coinpedia 

  ~~~~~~~~~

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“Tidbits From TNT” Sunday Morning 8-24-2025

TNT:

Tishwash:  A US delegation visits Baghdad to discuss a number of issues. Withdrawal is on the table. 

A high-level US delegation is scheduled to visit the Iraqi capital, Baghdad, in the coming days to discuss a range of issues with Iraqi officials.

According to an informed source who spoke to Shafaq News Agency, the delegation will discuss the US withdrawal from its main bases in Iraq and its repercussions, in addition to an economic file and another related to energy.

The US delegation is also scheduled to visit the Kurdistan Region, according to the source, to discuss several issues, including the repercussions of the recent events in Sulaymaniyah.

Relations between the United States and Iraq have been at a diplomatic standstill since Donald Trump took office. Communication and meetings have been limited to the Chargé d'Affaires of the US Embassy in Baghdad, Stephen Fagin, and a single call received by Prime Minister Mohammed Shia al-Sudani from Secretary of State Marco Rubio.

This comes as the first phase of the US-led international coalition's withdrawal from Iraq has begun, with a US military convoy already departing Ain al-Asad base for Syria last Monday.

The schedule includes the withdrawal of international coalition forces from Ain al-Asad base and Baghdad by the end of September 2025, with a portion of them being transferred to Erbil and Kuwait. Meanwhile, the number of troops will gradually decrease from approximately 2,000 to less than 500 in Erbil.  link

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Tishwash:  US delegation to visit Iraq as troop withdrawal advances

A senior US delegation is due in Baghdad in the coming days for talks on the withdrawal of American forces as well as economic and energy issues, a source told Shafaq News on Saturday.

The group is also scheduled to travel to the Kurdistan Region to address several files, including the recent unrest in al-Sulaymaniyah, the source added.

The visit coincides with the start of the Global Coalition’s drawdown. Earlier this week, a US convoy left Ain al-Asad base for Syria, with full withdrawals from Ain al-Asad and Baghdad planned by the end of September 2025. The American troop presence will then shrink from around 2,000 to fewer than 500, concentrated mostly in Erbil.  link

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Tishwash:  US Forces in Sudden Withdrawal from Ain al-Asad, Victory Bases in Iraq

US forces began a sudden, phased withdrawal from Ain al-Asad and Victory bases in Iraq on Sunday following an embassy order, a top Iraqi official told Kurdistan24. Some troops have been moved to Erbil. The full evacuation is expected within days.

as of 3:11 am PDT  

 American military forces have initiated a sudden withdrawal from the major Ain al-Asad and Victory Base Complex (VBC) in Iraq, a high-level source within the Iraqi government told Kurdistan24 exclusively on Sunday.

The withdrawal began this morning following what the source described as an order issued by the American Embassy in Baghdad.

According to the source, the withdrawal is being conducted in phases. A portion of the American soldiers departed from both bases this morning, with a complete evacuation of the two sites expected to be finalized within the next few days.

The source stated that the Ain al-Asad base housed approximately 2,000 American soldiers, while Victory Base Complex (VBC), located within the perimeter of Baghdad International Airport, is occupied by an additional number of soldiers.

It was also indicated by the source that a portion of the military personnel who have withdrawn have been transferred to Erbil.  link

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

Tishwash:  Economist: Raising Iraq's Credit Rating Is Key to Attracting Investment and Reducing Borrowing Costs

 from telegram

Economic expert Ahmed Abd Rabbo stressed that improving Iraq's credit rating represents a pivotal step toward reducing sovereign loan interest and boosting foreign investor confidence. He noted that most international investments do not flow to a country unless its credit rating is satisfactory and high.

Abd Rabbo explained in an interview with ABC Arabic that raising a country's credit rating sends a positive signal to global financial institutions and contributes to increased investment. He noted that the Iraqi government, in coordination with the Central Bank, is moving toward reforming the banking system, considering it "the primary interface of the economy." A strong economy cannot be built without a banking system capable of meeting market and financing needs.

He added that improving the rating is not impossible, but it requires comprehensive practical steps, starting with diversifying sources of income and strengthening non-oil sectors such as agriculture, industry, and services, along with financial reforms that reduce the deficit and control public spending.

He stressed that political and security stability are essential pillars, as international financial institutions assess Iraq's ability to simultaneously repay and manage risks. This makes progress in combating corruption and enhancing financial transparency crucial factors in improving investor confidence.

Abd Rabbo explained that improving the credit rating has positive repercussions and enhances confidence in the national economy, which contributes to achieving broader monetary and financial stability and consolidates Iraq's position in the global financial system.

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

Mot: . The most beautiful season ever is just around the corner! 

Mot: How is my brain like this !!!!???? 

FRANK26…8-23-25…..ALOHA….COM

KTFA

Saturday Night Video

FRANK26…8-23-25…..ALOHA….COM

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=9q0hDyjcAFM

Jon Dowling Quick RV Updates 22nd August 2025 Latest Updates

Jon Dowling Quick RV Updates 22nd August 2025 Latest Updates

Chris Real World and Jon Dowling:  8-22-2025

The global economic and political landscape is a dynamic, ever-shifting puzzle. Staying abreast of the latest developments is crucial for anyone looking to understand where we’re headed.

Jon Dowling’s weekly RV Updates for August 22, 2025, deliver a crucial snapshot of a world in flux, highlighting significant movements in currency, precious metals, cryptocurrencies, and geopolitical tensions.

One of the most striking points from this week’s update is the intense focus on currency reforms, particularly in Iraq. Under reported pressure from President Trump, Iraq is making significant strides in reforming its currency issuance and bolstering its gold reserves. This move isn’t just about internal stability; it’s a strategic push toward greater international financial reform, signaling a broader shift in the global monetary system.

Closer to home, the Federal Reserve remains a central character in this unfolding drama. The report highlights the ongoing political pressure from the White House to lower interest rates to stimulate the economy. This pressure is so intense that it’s fueling discussions around Fed Chair Jerome Powell’s impending replacement. The anticipated interest rate cuts in September are not just a market expectation; they’re a political imperative with far-reaching consequences.

Adding another layer to this narrative, U.S. legislative efforts are also targeting the very fabric of financial governance. The report notes efforts to abolish property taxes in states like Texas and Tennessee, which are part of a broader, more ambitious agenda to diminish the Federal Reserve’s influence. This push for greater financial sovereignty at the state level reflects a growing discontent with centralized control and hints at fundamental changes to America’s economic architecture.

For those tracking digital assets, the volatile world of cryptocurrencies is currently experiencing a tactical downturn. This isn’t necessarily a sign of long-term weakness, but rather a reflection of profit-taking and short selling.

However, the report anticipates a robust bullish market run this fall, directly linking it to the expected interest rate cuts in September. Lower interest rates typically make riskier assets like cryptocurrencies more attractive, setting the stage for renewed enthusiasm.

Meanwhile, precious metals continue their quiet vigil. The update encourages investors to exercise patience, hinting that a confluence of factors is aligning to create significant shifts in this sector. While no specific timelines are given, the underlying message is clear: the foundational support for gold and silver continues to strengthen amidst global uncertainty.

On the geopolitical front, tensions continue to simmer, particularly concerning Iran. The U.S. has maintained a firm stance, imposing sanctions aimed at crippling Iranian oil revenue and disrupting its funding for terrorism. This ongoing pressure highlights the complex web of international relations and the persistent challenges posed by regional conflicts to global stability.

The economic implications of these sanctions, particularly on global energy markets, remain a critical watchpoint.

Jon Dowling’s August 22nd RV Updates paint a picture of a world undergoing profound changes. From the shifting sands of global currencies and central bank policies to the ebb and flow of digital assets, and the enduring allure of precious metals, coupled with persistent geopolitical pressures, the landscape is ripe for transformation.

While the report doesn’t offer specific timelines for these monumental economic shifts, the direction is unmistakable. The overarching message is one of patience and keen observation. As multiple factors align, understanding these intricate connections will be vital for navigating the opportunities and challenges ahead.

https://www.youtube.com/watch?v=My5KZad1gpM

China’s Gold Standard to Topple LBMA - LFTV Ep 237

China’s Gold Standard to Topple LBMA - LFTV Ep 237

Kinesis Money:  8-22-2025

In this week’s Live from the Vault, Andrew Maguire explains how extreme stress in COMEX's gold settlement mechanism forced emergency bullion deliveries, exposing the fragility of paper markets and the threat of systemic failure in global gold pricing.

Andrew reveals how Basel III-compliant exchanges across China are replacing the LBMA’s dominance, as global liquidity shifts towards physical settlement, with central banks preparing for a dramatic gold revaluation that could reshape monetary order.

Timestamps:

00:00 Start

 03:02 Nixon Shock anniversary highlights the fragility of fiat money

10:30 EFP imbalances show Comex reliability issue, prompting NSFR compliance

18:43 COMEX paper market fragility risks triggering systemic failure

 25:44 Fed prepares US Treasury gold price adjustment amid leadership change

30:34 Question from Kerry: Smaller nations adopting silver as reserve asset?

32:43 LBMA losing grip, real silver price emerging globally

https://www.youtube.com/watch?v=-EF4H8X5Fik

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-23-25

Good Afternoon Dinar Recaps,

France Signals Support for India’s 2026 BRICS Presidency

French President Emmanuel Macron has pledged full support to India’s BRICS 2026 Presidency, signaling a possible breakthrough for European engagement with the bloc.

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

Macron and Modi’s Strategic Call

During a Thursday phone call, Macron and Indian Prime Minister Narendra Modi discussed:

• India’s BRICS 2026 Presidency and France’s willingness to support it.

• The Russia-Ukraine conflict, following former U.S. President Trump’s meeting with Vladimir Putin in Alaska.

• Expanding France–India trade ties across multiple sovereignty-critical sectors.

Macron emphasized: “We agreed to work closely together in preparation for the French presidency of the G7 and India’s presidency of BRICS in 2026.”

Could France Attend the BRICS 2026 Summit?

• India will host the BRICS 2026 Summit, and speculation is rising that France may receive a formal invitation.

• France previously attempted to attend the 2023 BRICS Summit in Johannesburg, but its request was rejected, reportedly due to opposition from China and Russia.

• With India’s leadership, insiders believe the door may open for a European guest presence at BRICS for the first time.

West-East Realignment in Motion

The Macron–Modi call comes as global alliances shift:

• The U.S. has imposed tariffs on nearly all European allies, including France.

• These trade conflicts are nudging Europe closer to Asian partners.

• Even Australia is signaling cooperation, sending mixed signals to China about the balance of power.

France–India Partnership Strengthening

Macron reaffirmed France’s strategic commitment:

“We agreed to strengthen our economic exchanges and our strategic partnership in all areas — this is the key to our sovereignty and independence.”

If invited to attend the BRICS 2026 Summit, France would become the first European nation to participate—a symbolic step toward bridging East and West at a time of deep geopolitical fragmentation.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

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Start These 6 Money Habits To Help Improve Your Finances

Rachel Cruze: Start These 6 Money Habits To Help Improve Your Finances

Jennifer Taylor  Fri, August 22, 2025  GOBankingRates

Your lifestyle might affect your financial future in more ways than you realize. Rachel Cruze, a personal finance guru, money expert and Ramsey Solutions personality, recently shared a video offering advice to help improve your finances — with a minimalist approach.

Sure, you’re aware that you should try to pay off debt, build an emergency fund or improve your credit score, but what day-to-day saving and spending habits could you start to boost your financial health? Here, Cruze has highlighted some ways to approach small financial decisions that can be implemented to simplify and improve the bigger picture of your finances.

Simplify Your Schedule

Too much rushing around and being busy affects your money and peace of mind, Cruze said. This isn’t healthy for you, so she advised scheduling your life more intentionally.

Slowing down can help improve your financial situation in a variety of ways. For example, you might have more time to make dinner, meaning you’re spending less on takeout. Or you could slow down when shopping to save another swipe on your credit card. The term “slow shopping” means thinking about each purchase carefully before buying, which can help pad your savings account.

Spend Money on Experiences Over Possessions

Instead of constantly using your money to acquire new possessions — especially those you don’t need — Cruze advised spending it on experiences. She said experiencing things with people you love will make you happier. Keep that in mind the next time you are creating a budget.

“Stuff will not bring you joy,” Cruze said.

Of course, she emphasized that you also need to make sure the experiences you book fit into your budget. She also noted that it’s fine to have some stuff, but just avoid continually buying things, as doing so won’t make you happy.

Live on Less Than What You Make

TO READ MORE:  https://www.yahoo.com/finance/news/6-habits-help-improve-finances-160037858.html