Iraq Economic News and Points To Ponder Thursday Afternoon 7-24-25

The Central Bank Announces Banking Facilities And Amendments To Cash Withdrawal Fees (Document)
 
Economy 2025-07-24 | 07:54  Source:  Alsumaria News 1,528 views  Alsumaria News – Economy announced The Central Bank of Iraq a series of banking updates and facilities on Thursday.  According to a document issued on July 24, 2025, and addressed to all banks and electronic payment service providers , the Central Bank decided the following:

-Adjusting cash withdrawal fees through point-of-sale (POS) devices and automated teller machines (ATMs).   The withdrawal fee is deducted electronically, and the citizen does not pay any fees directly to the bank outlets.  Banks and companies compete to provide their services to the public to achieve the public interest and improve service.     
  
https://www.alsumaria.tv/uploadImages/ExtImages/Images1/209df88b-af4a-4af0-8edb-670a183c6c78-638889549515588061.jpeg
 
https://www.alsumaria.tv/news/economy/534729/البنك-المركزي-يعلن-تسهيلات-مصرفية-وتعديلات-عمولات-السحب-النقدي-وثيقة 

Central Bank Of Iraq Buys Over 16.5 Billion Dollars From Finance Ministry In Q1 2025
 
    Business     Iraq     Jawad Al-Samarraie     July 22, 2025     6716   The new headquarters of the Central bank of Iraq (CBI). Photo: Zaha Hadid Architects  Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) announced on Tuesday (July 22, 2025) that it  purchased over 16.5 billion US Dollars from the federal Ministry of Finance   during the first quarter of 2025.
 
According to an official statistic reviewed by Shafaq News Agency, the Central Bank acquired 16.593 billion Dollars in foreign currency from the Ministry of Finance  during Q1 2025.  In the same period, the bank sold a total of 20.980 billion Dollars through its daily auction.
 
The report also noted that during the entirety of last year, 2024, the Central Bank had purchased 68.654 billion Dollars in foreign currency from the Ministry of Finance. In turn,  it sold 77.652 billion Dollars through its daily foreign currency auction.      
https://www.iraqinews.com/business/cbi-foreign-currency-purchases-q1-2025/   

Despite The Billions Piling Up In America, Why Isn't Iraq Using Its Money To Save Its Economy? - Urgent
 
Baghdad Today – Baghdad  Despite Iraq's massive financial reserves, estimated at tens of billions of dollars,the question remains:      Why aren't these funds being effectively invested domestically?
 
At a time when the country is suffering from mounting economic crises, fragile infrastructure, and declining productive sectors, the government continues to invest a large portion of these reserves in US Treasury bonds,  financial instruments known for their low yields and long payback periods.
 
While these bonds are internationally classified as safe instruments for preserving value,  experts believe that Iraq's approach to investing its foreign assets has become traditionally rigid, inconsistent with development requirements and inconsistent with the priorities of an economy in urgent need of domestic revitalization.

What increases the sensitivity of this issue is that a significant portion of Iraq's funds are actually deposited in American banks, weakening the country's ability to freely decide how to manage these vital resources.
 
In this context, financial expert Abbas Al-Shatri offers a comprehensive critical vision,  calling for a complete rethinking of Iraq's reserve investment policy and a  shift from a "safe freeze" logic to a "productive investment" logic to  ensure economic security and   achieve sustainable development.  Al-Shatri told Baghdad Today,
 
"Iraq's continued investment of a significant portion of its financial reserves in US Treasury bonds is  an economically unfeasible decision,  given the low returns these bonds generate compared to other investment opportunities that could directly support the national economy." He pointed out that "despite the classification of US Treasury bonds as safe and  internationally recognized financial instruments,
 
Iraq, with its current economic situation, urgently needs to direct its funds toward more dynamic investments, whether through  domestic production projects or  regional investment vehicles that  generate higher returns,  contribute to creating real job opportunities, and  enhance infrastructure."

 Al-Shatri explained that  "excessive reliance on these bonds does not meet Iraq's development needs.
 
Rather, it deprives the economy of opportunities to  diversify sources of income and  stimulate vital sectors such as   industry,  agriculture, and  renewable energy, which are the foundation of any stable and sustainable economic structure."

Noting that "the current fiscal policy tends toward safe freezing rather than productive stimulation," Al-Shatri   called for "a radical reconsideration of the investment policy of Iraq's financial reserves,   moving away from the traditional approach of freezing in low-yielding instruments, and   toward a more ambitious economic vision based on   maximizing returns and  achieving economic security."
 
It is well known that a large portion of Iraq's reserves are   actually held in American banks or  under the supervision of the international financial system linked to them.
 
However, experts believe that Iraq does not actually benefit from these funds in a context that serves its internal economic needs.
 
Rather, it is sometimes restricted by political and financial restrictions that make the investment of these funds governed by external considerations rather than an independent sovereign decision.
 
This reality raises serious questions about the independence of Iraqi investment decisions,  at a time when there is a growing need for more flexible financial policies that can help   protect the economy from global fluctuations and    harness the country's vast financial resources for sustainable development within the country. https://baghdadtoday.news/279403-.html    

The Central Bank Of Iraq Issues New Decisions To Regulate Electronic Withdrawal And Payment Fees.
 
July 24, 2025   Baghdad/Iraq Observer  The Central Bank of Iraq issued several decisions on Thursday regarding  banks, electronic payment service providers, and  cash withdrawal fees.
 
According to a letter issued by the bank and received by the Iraq Observer, “withdrawal fees are deducted electronically, and  citizens do not pay any fees directly to banking outlets.”
 
It also stipulates that  “banks and companies shall compete to provide their services to the public to achieve the public interest and improve service,”  while the book sets a minimum commission.  
  
https://observeriraq.net/المركزي-العراقي-يصدر-قرارات-جديدة-لتن/    

The Central Bank Participates In The Mosul Justice Marathon And Forum.
 
July 23, 2025   The Central Bank of Iraq, Mosul branch, participated in the Mosul Justice Marathon and Forum 2025, hosted by the University of Mosul.
 
In his speech, the Director General of the Central Bank's Mosul branch, Dr. Hussein Lazem, provided a comprehensive explanation of  fraud and cyber extortion crimes in Iraq and the  Central Bank's role in addressing and combating them.
 
During the forum, discussion sessions were held on  cybercrime, digital blackmail,  family and children, and  cybersecurity.  Central Bank of Iraq   Media Office  July 23, 2025   https://cbi.iq/news/view/2938    

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 7-24-25

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India Confirms BRICS De-Dollarization Efforts Amid Trump’s Pressure 

India’s position on the global de-dollarization trend has now been confirmed at the official level, signaling growing momentum within BRICS to diversify away from the US dollar — despite tariff threats from the Trump administration.

India Acknowledges Currency Shift Talks Inside BRICS

At a recent media briefing, Ministry of External Affairs spokesperson Randhir Jaiswal acknowledged that BRICS nations are in active talks about using local currencies for trade settlements and building interoperable cross-border payment systems.

“Cross-border payments, yes, BRICS have talked about local currencies, but de-dollarisation is not something that is there on the agenda,” Jaiswal said.

While discussions about a BRICS common currency continue, India has made it clear it is not backing a rapid transition away from the dollar, nor a supranational BRICS currency—yet.

Trump Administration Applies Economic Pressure

President Trump’s response to BRICS’ monetary shift has been confrontational. His administration has threatened:

• A 10% tariff on any nation participating in "Anti-American policies" like de-dollarization;

• Broader economic consequences for attempting to bypass the dollar in international trade.

These threats came just after Russian President Vladimir Putin proposed a BRICS investment platform, heightening tensions between Washington and BRICS capitals.

India’s Strategic Caution

Foreign Minister S. Jaishankar reinforced that:

“India has never been for de-dollarization. Right now, there is no proposal to have a BRICS currency.”

India has experimented with rupee-based trade settlements, particularly with Russia, but the rupee’s volatility—falling from 73 to 85 per USD in five years—adds to hesitation around moving further.

Moreover, there are concerns that a BRICS currency could magnify China’s dominance in the bloc, especially given China’s outsized influence in the New Development Bank and growing use of the yuan in settlements.

India’s Balancing Act

India continues to walk a tightrope between:

• Benefiting from Western capital and tech, vital to its long-term development goals;

• Supporting multilateral alternatives to the US-dominated financial order.

While over 50 countries now use the yuan, rupee, and ruble in bilateral trade, the US dollar still dominates around 54% of all global transactions.

Conclusion: Pragmatism Over Revolution

India’s BRICS policy clearly favors incremental monetary diversification, not abrupt financial revolution. While quietly working to enhance non-dollar trade pathways, India is prioritizing economic stability and strategic autonomy.

Its position reveals a deeper truth: even within BRICS, de-dollarization will be a gradual, politically sensitive process, shaped by each nation’s unique dependencies and geopolitical priorities. 

@ Newshounds News™
Source: Watcher.Guru

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Iraq Economic News and Points To Ponder Late Wednesday Evening 7-23-25

A Government Advisor Explains The Reasons For The Current Fluctuations In The Dollar Exchange Rate.

Time: 2025/07/23 15:13:44 Reading: 780 times  {Economic: Al Furat News} The Prime Minister's Financial Advisor, Mazhar Mohammed Saleh, explained that global financial markets have witnessed significant fluctuations in the US dollar exchange rate in recent months, due to intertwined factors ranging from escalating trade wars, market skepticism about the independence of the Federal Reserve, and fluctuations in US monetary policy. He indicated that these dynamics represent an additional challenge for emerging market economies.

Saleh told Al Furat News Agency that "the escalation in the tariff war between the United States and China, Europe and Canada has led to sharp fluctuations in financial markets and negatively impacted trade and financial flows."

He pointed out that "this has affected the value of the dollar, coinciding with growing fears of a widening fiscal deficit and mounting federal debt, which has prompted some investors to sell the dollar and get rid of it as a safe haven."

He added, "Doubts surrounding the Federal Reserve's independence and its interaction with the federal budget, in light of the escalating tensions between the White House and the Fed, and the US administration's desire to cut interest rates, have contributed to undermining confidence in monetary policy."

Saleh continued, "The volatility in the safe haven market has contributed to a decline in confidence in the dollar as a reliable hedging instrument, while investors have shifted toward gold, cryptocurrencies, or strong Asian assets." He noted that "all of these factors have led to a decline in the value of the US dollar against various international currencies."

He explained that "the US Dollar Index (DXY), which reflects the dollar's price against a basket of global currencies, has declined by approximately 10.18% since the beginning of 2025."  LINK

Revealing The Cause Of The Economic Recession In Iraq And The Dollar's Connection To It

Time: 2025/07/23 20:29:01 Reading: 90 times  {Economic: Al Furat News} Economic researcher Ahmed Abdel Rabbo revealed that the decline in the dollar exchange rate in local markets, while an indicator of economic recovery and the Iraqi dinar, comes amid an economic recession primarily due to the failure to pass a budget and the decline in oil prices.

In a statement to {Euphrates News}, Abdul Rabbo warned that: "The current recession is mainly caused by the failure to approve the budget and the decline in oil prices, which could significantly increase the financial deficit," warning that "the financial deficit could rise to 85 trillion Iraqi dinars according to current indicators."

Abdul Rabbo pointed out that "there are major efforts by monetary policy that are not limited to the dollar exchange rate alone, but also include supporting borrowing and stimulating the market, including the "Baghdad Pulse" initiative and others, all of which aim to support the civilized image of the capital and the economy." He explained that "those who control the price of oil are external elements subject to wars and demand, and therefore price fluctuations negatively impact Iraq."

The economic researcher stressed that "maximizing non-oil revenues is something that must be achieved," expressing his "regret for the lack of a real will to support the agricultural and industrial sectors in the country."  LINK

The Ministry Of Commerce Announces Approval To Establish The Global Gold City In Baghdad.

Money and Business  Economy News – Baghdad  The Ministry of Trade announced on Wednesday that the Ministerial Council for the Economy has approved the ministry's proposal to establish a global gold city in Baghdad. The ministry described the approval of the proposal as a "strategic step aimed at localizing the gold and jewelry industry within Iraq and boosting local production."

In a statement today, the ministry quoted its Minister, Athir Dawood Al Ghurairi, as saying that the project represents a qualitative leap in the development of national industries. He noted that the city will include an integrated system that includes specialized industrial units, advanced training centers for goldsmithing according to international standards, as well as advanced markets and an exchange for gold and jewelry.

For his part, Director General of the Department of Foreign Economic Relations, Riyadh Fakher Al-Hashemi, explained that the project aims to support the private sector and expand its contribution to the national economy. He noted that the city will be located within the integrated economic city in Baghdad, contributing to transforming the capital into a regional center for the gold industry and trade.

He added that the ministry has begun coordinating with the National Investment Commission to complete the requirements for allocating land and issuing investment licenses in preparation for the project's implementation.   https://economy-news.net/content.php?id=57786

The Ministry Of Commerce Intends To Establish An Industrial City Specializing In Gold To Support The Iraqi Economy.

Economy | 06:00 - 07/23/2025  Mawazine News - Baghdad -  The Ministry of Trade confirmed, on Wednesday, its interest in establishing an industrial city specialized in gold to support the Iraqi economy.

Ministry spokesman Mohammed Hanoun told Mawazine News, "Based on the Iraqi government's directives calling for diversifying the national economy and supporting promising industrial sectors, the Ministry of Trade affirms its keen interest in establishing an industrial city specialized in gold and jewelry to serve as a national platform for organizing and developing this vital industry."

He added, "The gold industry in Iraq is one of the oldest professions linked to the cultural heritage and identity of society.

At the same time, it represents a promising economic sector if it is organized and the appropriate investment environment is created for it.

" He pointed out that "from this standpoint, the ministry is working in coordination with the relevant authorities, most notably the Ministry of Industry and Minerals and the National Investment Commission, to prepare an integrated vision for the establishment of a specialized industrial city that includes modern manufacturing and jewelry workshops in accordance with international standards, vocational training and rehabilitation centers for young craftsmen, and laboratories for testing carats and ensuring quality."

He continued, "It also includes facilities for displaying and marketing products domestically and internationally, as well as facilities to support the local bullion industry and convert raw gold into exportable jewelry.

" He explained that "this city, which is planned to be established in Baghdad, a city with commercial activity linked to gold, will contribute to reducing dependence on imported gold, provide permanent job opportunities for thousands of craftsmen, regulate the market, control quality, protect consumers, and achieve added value for the national economy through exports and industrial stimulation."

He pointed out that "the Ministry of Trade renews its commitment to the Iraqi government's vision of building a diversified, productive economy, and calls on all private sector partners to actively participate in this national project, which will represent a qualitative leap in the gold and jewelry sector in Iraq." https://www.mawazin.net/Details.aspx?jimare=264156

US Secretary Of State To Sudani: Importance Of Holding Accountable Those Involved In Energy Facility Attacks

08:22:16 Read: 1,170 times  {International: Al Furat News} US Secretary of State Marco Rubio, in a phone call with Prime Minister Mohammed Shia al-Sudani, stressed the importance of holding accountable those involved in the recent attacks on Iraq's energy infrastructure and the need to take measures to prevent their recurrence in the future.

US State Department spokeswoman Tammy Bruce quoted Rubio as emphasizing his country's support for Iraq's security and stability and its support for the Iraqi government in confronting security challenges, especially those targeting vital facilities and the energy sector.

This call comes in the wake of a series of unknown attacks targeting energy sites over the past few weeks, raising domestic and international concerns about a resurgence of security tensions that could impact the Iraqi economy and reconstruction efforts.

On July 15, Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, directed the relevant authorities to launch an immediate and comprehensive investigation to identify those behind the attacks on oil fields in the Kurdistan Region and abroad, and to take firm measures to hold those involved accountable without hesitation or leniency.

The spokesman for the Commander-in-Chief, Sabah al-Numan, also affirmed that the Iraqi government, with all its institutions and agencies, will not tolerate any threat to the interests of the Iraqi people and will take all necessary measures to protect vital facilities and strengthen the defense system, preventing the recurrence of such acts, preserving Iraq's sovereignty, and protecting the rights of its people. LINK

What's Behind The Exchange Rate In Iraq? An Expert Identifies The Factors Affecting The Dollar.

Time: 2025/07/23 19:03:55 Reading: 405 timesbb  {Economic: Al Furat News} Economic expert Abdul Rahman Al Mashhadani revealed that the halt in government spending on investment projects is one of the main reasons for the demand for the dollar and its impact on the exchange rate in Iraq.

Al-Mashhadani told Al-Furat News: "Demand for the dollar is not limited to the commercial aspect alone, but is also greatly affected by government projects. The government's initiation of spending on contractors and paying their dues leads to an increase in demand for the US currency, given that a substantial portion of the materials used in these projects are imported from abroad."

He added, "In the absence of funds being disbursed for projects, related imports are halted, affecting the dollar's movement in the market." He noted that "Iraq is experiencing a second year of a halt to this vital exchange rate."

Al-Mashhadani confirmed that "current spending is limited to the engineering efforts of the Prime Minister's Office, and there are no financial allocations for the governorates or ministries," noting that "this can be verified by referring to the Ministry of Finance's website, which shows that spending on services, goods, and other supplies is zero."

The selling price at exchange offices in Baghdad's local markets was recorded at 140,500 dinars per $100, while the buying price was 138,500 dinars per $100.   LINK

 

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 7-24-25

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Treasury Secretary Bessent Urges Internal Review of Federal Reserve as Pressure Mounts on Chair Powell

U.S. Treasury Secretary Scott Bessent has called for a comprehensive internal review of the Federal Reserve, citing concerns over the central bank’s expanding operations and budget amid rising political pressure on Fed Chair Jerome Powell.

In a Bloomberg Television interview, Bessent highlighted the need to reassess the Fed’s institutional scope, warning that its growing mandate risks undermining the core function of monetary policy.

“I believe that it would do Chair Powell a favor, and he would be doing the institution a favor, if he did an internal review—separating monetary policy from everything else.”

Bessent echoed concerns previously raised by Larry Summers, noting that the Fed’s “mission creep” could compromise its independence. Since 2004, the central board’s budget has quadrupled, a shift Bessent says warrants internal scrutiny.

“It is a big, sprawling institution. Every institution needs to examine themselves.”

Political Pressure and Presidential Criticism

The comments come amid mounting pressure from President Donald Trump, who has publicly criticized Powell for refusing to cut interest rates. Trump has expressed a hope that Powell will voluntarily resign, though he stated he does not intend to fire him.

Adding fuel to the debate, renowned economist Mohamed El-Erian recently called for Powell to step down—a position that surprised Bessent but did not overshadow his own call for a review process.

“The Bank of England, after the 2022 rate shock, brought in outside experts to assess what went wrong. That’s the kind of model we could look at.”

Proposed Structure of Review

Bessent emphasized that Powell could oversee the review himself, potentially leading a committee or expert panel. He stressed that the internal review must be credible, warning that a superficial process might require an external examination.

“If the internal review didn’t look like it was serious, then maybe there could be an external review.”

Broader Implications

With financial policy at a crossroads, Bessent’s call reflects a broader debate over central bank transparency, mission clarity, and the Fed’s expanding influence in non-monetary realms. As political scrutiny intensifies and the 2024–2025 rate debate continues, the Fed's internal structure is now under a national spotlight.

@ Newshounds News™
Source: DailyHodl

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Trump’s Presidential Crypto Task Force Set to Deliver Landmark Report July 30

The Presidential Working Group on Digital Asset Markets, established under President Donald Trump’s first executive order, is preparing to release its highly anticipated 180-day crypto policy report on July 30—a milestone for the U.S. digital asset landscape.

Key Points to Expect:
• Comprehensive guidance on stablecoin regulation, token classification, and enforcement reform following passage of the GENIUS and CLARITY Acts
• Potential blueprint for building a federal Bitcoin reserve using seized digital assets, not taxpayer funds
• Clear stance against a retail CBDC, citing privacy and trust concerns
• Framework for international cooperation and tax policy updates

“America is now leading the way on digital asset policy,” said Bo Hines, Executive Director of the task force.

From Campaign to Policy

Just three days after inauguration, President Trump signed an executive order establishing the working group, fulfilling campaign promises to make the U.S. “the crypto capital of the world.” Led by AI and crypto czar David Sacks, the task force includes top officials from the Treasury, SEC, CFTC, DOJ, and other federal agencies.

The Bitcoin Reserve Question

One of the most talked-about aspects of the report is the potential recommendation to build a Bitcoin reserve using digital assets already seized by federal authorities.

“This isn’t about buying Bitcoin on the open market, but rather building a secure sovereign crypto reserve drawn from existing assets,” said Monica Jasuja, Chief Expansion and Innovation Officer at Emerging Payments Association Asia.

No Retail CBDC, Clearer Stablecoin Oversight

The group is expected to firmly reject the idea of a retail central bank digital currency (CBDC) due to privacy concerns. Instead, the U.S. will likely promote regulated USD-pegged stablecoins and outline new compliance standards for issuers.

A Step Toward Global Leadership

If the recommendations include a secure and strategic approach to holding crypto reserves, it may position the U.S. as a global leader in sovereign crypto infrastructure, analysts say.

“If done right, this report could deliver the kind of regulatory clarity that makes America the most attractive place for digital finance development,” said Jasuja.

The release of this report will follow a structured review timeline laid out by Trump’s executive order, requiring all agencies to submit input within 30, 60, and 180-day windows respectively.

@ Newshounds News™
Source: Decrypt

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Tether Eyes Return to U.S. Market Amid Stablecoin Regulatory Shift

Tether, the issuer of the world’s most traded stablecoin USDT, is making significant moves toward reentering the United States as the regulatory landscape for digital assets evolves.

In a new interview with Bloomberg Television, CEO Paolo Ardoino confirmed that Tether is “well in progress” with establishing a domestic strategy focused on payments, interbank settlements, and trading.

“We are in the process of building our U.S. presence, but our focus will remain on emerging markets,” Ardoino said Wednesday.

A Controversial Past, But Global Dominance

Tether was previously banned from operating in New York and paid nearly $60 million in 2021 to settle with both the New York Attorney General and the CFTC over misleading claims related to its reserves.

Despite this, Tether remains dominant, with USDT representing 70% of the stablecoin market as of Q1 2025. The company reported $149.28 billion in total assets and $143.68 billion in liabilities, according to its May attestation signed by BDO Italia SpA.

Tether has not yet undergone a formal audit by a Big Four firm, although Ardoino stated that conversations with auditors are ongoing.

U.S. Strategy and Compliance Challenges

Although Ardoino said Tether does not plan to go public, he reaffirmed that the company is working toward compliance with U.S. regulations. Tether's reserves are largely made up of compliant assets, but still include bitcoin and secured loans, which may not meet new U.S. regulatory standards.

In a May interview, Ardoino underscored the company’s broader mission:

“Our customer base is the 30 billion unbanked people who aren’t part of the traditional financial system.”

A New Dollar-Pegged Stablecoin Coming

Tether also plans to launch a new U.S. dollar-pegged stablecoin within a year, signaling an effort to align with the GENIUS Act and the new U.S. regulatory framework for stablecoins.

As the U.S. government shifts toward blockchain-based dollar issuance, Tether’s strategic return could reshape the stablecoin sector—especially if it can navigate compliance while maintaining its dominance in emerging economies.

@ Newshounds News™
Source: PYMNTS  

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“Tidbits From TNT” Thursday Morning 7-24-2025

TNT:

Tishwash:  The disbursement of salaries for Kurdistan employees for the month of May begins tomorrow and ends on Sunday.

The Ministry of Finance and Economy in the Kurdistan Region announced on Thursday that the distribution of employee salaries for the month of May will begin tomorrow, Friday, and end on Sunday.

 May salaries will be disbursed starting on Friday (July 25, 2025) and ending on Sunday (July 27, 2025).

Retirees who receive their salaries through the "My Account" system will be able to receive their salaries via ATMs on Thursday.  link

Tishwash:  Iraq is approaching Trump's table and is no longer in the hands of the US Undersecretary of State.

Analysis by Dr. Ali Agwan

 An Iraqi expert said that the US Secretary of State's call today with Prime Minister Mohammed al-Sudani regarding the Popular Mobilization Forces and Kurdistan's salaries indicates that Iraq is no longer a secondary issue in the hands of the deputy minister or a lower-level official. It is likely to become a clear priority for President Trump himself, following changes affecting the region's economy, oil, and security.

 Ali Agwan – Professor of International Relations and Strategic Affairs

ecretary of State Marco Rubio's call with the Prime Minister indicates that the Iraq file has shifted from the Assistant Secretary of State for Near Eastern Affairs to the Secretary's desk, and may later be transferred to the President's desk! This means that the Iraqi file has shifted in the American strategic mind from a secondary issue to a diplomatic one with a direct security and economic impact in the coming period.

2- The targeting of foreign oil platforms in Iraq prompted the US Secretary of State to discuss two main options with the Prime Minister: Either the Iraqi government intervenes and does what is necessary to protect the oil sector and foreign companies in Iraq from drone attacks, or we do what is necessary and protect this sector as part of our national interests.

3- The US embassy's description of the Popular Mobilization Forces (PMF) legislation as a law that serves Iran's agenda in the region places al-Sudani in a complex zero-sum confrontation with his internal partners and Iran itself. It's as if the US wants to tell al-Sudani that we want him to be clear with us. There's no room for maneuver: Either side with Iran and support this legislation, or side with us and block it!! They want to tell him: Do you want to be on Iran's side so that you can justify including Iraq in a new package of harsh sanctions? Or do you want to side with us so that we can give Iraq a special status, isolated from the policies of maximum pressure against Iran?

4- Informing Al-Sudani of the necessity of delivering the region's salaries without delay indicates that the region is going through difficult and pivotal moments related to its economic reality. The United States realizes that it is almost impossible to resolve the oil crisis between Baghdad and Erbil in the manner Baghdad desires, given that there are American and non-American companies that have 50-year contracts with Erbil independently of Baghdad. The United States does not want to see the collapse of more than thirty years of cooperation with the region due to pressure from the Iraqi government to hand over the region's oil to Baghdad in exchange for Baghdad handing over the region's salaries. The minister wants to tell Al-Sudani, "Give the salaries to the region and do not get involved in the fine details with them, because a solution is impossible now!"

Does this constitute interference in Iraq's internal affairs? Yes, but who can tell the United States not to interfere and prevent them from doing so?  link

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

Tishwash:  The Iraqi dinar reached a new record high against the dollar.

The foreign exchange market in the Iraqi capital, Baghdad, recorded a record high for the dinar against the dollar on Wednesday, reaching 1,380 dinars per dollar, compared to the previous value of 1,420 dinars per dollar. This decline, according to experts, is the result of a convergence of several internal and external factors, most notably the strict government measures taken by the Central Bank to limit speculation in the currency market, in addition to the country's growing foreign exchange reserves due to the rise in oil prices , and enhanced cooperation with international financial institutions to control the movement of the dollar within the country.

The exchange rate of the dollar on the parallel (unofficial) market reached 1,380 Iraqi dinars to the dollar, the first time in two years. The official rate, set by the Central Bank of Iraq, is 1,310 Iraqi dinars to the dollar. The dollar has been fluctuating in price over the past period, reaching 1,700 dinars, while it has been stable for a long time at 1,450,000 dinars.

Financial and economic expert Rashid Al-Saadi told Al-Araby Al-Jadeed, "The recent decline in the dollar exchange rate against the Iraqi dinar is a direct result of a package of policies and measures adopted by the Central Bank of Iraq, in cooperation with other state institutions. These include restricting illegal foreign transfers, adopting an official transfer platform, and enhancing the flow of foreign currency through the Central Bank's window. This has helped meet actual demand for the dollar and narrow the gap between the official rate and the parallel market rate."

Al-Saadi explained that "the increase in foreign currency reserves, as a result of improved global oil prices and continued coordination with the US Treasury Department to monitor dollar movements, has given greater confidence to the markets and contributed to calming speculation. Maintaining this decline requires continued transparency in the currency sales window, expanding oversight measures for banks and exchange companies, and revitalizing the local production sector to reduce reliance on imports, thus reducing pressure on the dollar."

He added, "The impact of the dollar's decline on local markets has twofold consequences. On the one hand, the prices of some imported goods may decline, which would positively impact citizens' purchasing power. On the other hand, some commercial activities that relied on the exchange rate differential in the parallel market to generate profits may be harmed."

The financial and economic expert emphasized that "what we need today is long-term stability based on genuine economic reforms, not just a temporary improvement in the exchange rate. The continued decline in the dollar exchange rate against the Iraqi dinar requires a set of sustainable measures that enhance confidence in monetary policy and maintain market balance. To prevent this decline from being merely a temporary phenomenon, the government and the Central Bank must work to deepen financial reforms and expand the scope of structural solutions in the currency market."

For his part, Mazhar Mohammed Saleh, financial and economic advisor to Prime Minister Mohammed Shia al-Sudani, said in media statements on Wednesday that the relevant decisions and policies taken by the Central Bank and the government will lead to narrowing the gap between the official dollar price and its price on the parallel market, in a path that may lead to reaching the stage of "congruence" between the two prices. He said in a press statement to the local Shafaq News Agency that "the gap between the official and parallel prices approaching less than 4% indicates entering the congruence stage, as this difference only represents the cost of transactions."

In early 2023, Iraq announced the adoption of an electronic platform to monitor dollar sales and money laundering operations. This followed warnings issued by the Federal Reserve (the US central bank) and the Treasury Department's sanctioning of several local banks for their involvement in suspicious activities. A bank statement stated that "it was decided to expand the external transfer channels for local banks to include new currencies: the Jordanian dinar and the Saudi riyal, and to allow Iraqi banks to finance trade with Turkey in euros, after previously being restricted to using them with European Union countries. Transfers are also available in dollars, Emirati dirhams, Chinese yuan, and Indian rupees."

Previous decisions by the US Treasury Department to impose sanctions on 18 Iraqi banks for financial transactions with Iran and others linked to money laundering operations triggered a swift reaction within Iraq, leading to a decline in the value of the dinar and a rush of depositors to the sanctioned banks to withdraw their dollar holdings. With reserves exceeding $113 billion in the United States, Iraq relies heavily on Washington's goodwill to ensure that its oil revenues and cash are not subject to US sanctions.

Last October, the US government rejected an Iraqi request for $1 billion in cash from the Federal Reserve using Iraqi funds generated from oil revenues. The US government opposed efforts to curb excessive dollar circulation and halt illicit cash flows to countries sanctioned by the US Treasury. ink

Mot:  . A Piece frum da ""Olden"" Daze!!! ... 

Mot: Yippeeeee!!! -- Finded a title to Always Be Positive I Dids!!! 

Iraq Economic News and Points To Ponder Wednesday Afternoon 7-23-25

The Dinar Is Recovering And The Exchange Rate Is Declining Towards The Official Rate.
 
Samir Al-Nusairi   For several months in 2025, the US dollar exchange rate has continued to decline against the Iraqi dinar,  recovering by around 13 points.

It is expected to gradually decline to approach the official exchange rate during the coming period of this year, in accordance with the Central Bank's strategy and ongoing measures for comprehensive banking reform, regulating foreign trade financing, and  transitioning to direct dealings between our banks and correspondent banks, in addition to  complying with international banking standards.

Restricting the sale and distribution of cash dollars to a strict mechanism has been praised by the International Monetary Fund and the US Treasury  as a successful and advanced method and application for controlling the stability of the US dollar exchange rate and  keeping cash dollar sales to a minimum, thus  preventing the circulation of the currency from being available for speculation in the parallel market.
 
To support the dinar's recovery,"we must look at the rate at which the Central Bank covers all external transactions, including imports and personal transfers.
 
This explains price stability, given the current inflation rate, which is less than 2.5%, lower than the inflation rates in neighboring countries.
 
This means that the Central Bank has achieved two basic monetary policy objectives:
     controlling exchange rates and  curbing inflation."
 
This confirms that the wise monetary policy adopted by the Central Bank has contributed significantly to the   stability of the exchange rate and the  decline of the parallel market to the lowest possible level.
 
The Central Bank's insistence and cooperation with the government  during the second half of the current year will lead to a gradual decline in the exchange rate of the US dollar, which  has been stable for two days at the thirties and is  moving towards the official exchange rate. https://economy-news.net/content.php?id=57749    

The US Has Stopped Sending Cash Dollars To Iraq. Is This The Beginning Of A Blockade?

July 21, 2025  Al-Mustaqillah/- Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a "financial blockade"  on some Iraqi banks involved in currency smuggling and money laundering.
 
According to a source who spoke to Al-Mustaqilla on condition of anonymity, Washington's decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious dollar transfers to countries subject to international sanctions. This has angered the US Treasury, prompting it to tighten controls on dollar movement within the Iraqi market.
 
Sudden drop in exchange rate after the decision
 
Remarkably, the US decision coincided with a  significant decline in the dollar exchange rate in the Iraqi market.

Experts interpreted this as a natural consequence of the   restrictions on the circulation of cash and the prevention of its smuggling abroad.  This led to an increase in supply in the local market and a temporary decline in its price.
 
Government shift towards “legal dollarization”
 
Separately, a banking source revealed that the Iraqi government has been relying on
new mechanisms for disbursing salaries and conducting financial transactions for months.
 
These mechanisms involve legal invoices processed through  official banks and  digital platforms  linked to the global financial system. This is an alternative to the paper dollar shipments previously transported into the country by air.
 
The source indicated that this step represents a major shift in cash liquidity management in Iraq,
making it difficult for suspicious entities to  continue smuggling or  manipulating the currency market.
 
Is this the beginning of the storm?
 
The US decision raises many questions about the future of dollar transactions in Iraq,
especially in light of escalating regional tensions and Washington's tightening of financial sanctions.
 
Are we witnessing the beginning of a new phase of international restrictions on the Iraqi economy?
Or is this merely a technical measure against some violating banks?   https://mustaqila.com/أمريكا-توقف-إرسال-الدولار-النقدي-إلى-ا/  

Government Advisor: Iraq Is Witnessing Vital Stability And Is Moving Towards Diversifying Its Revenues Away From Oil.
 
Baghdad - INA - Nassar Al-Hajj  The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Tuesday that  Iraq is working to build a sustainable revenue base independent of oil market fluctuations. He noted that  the government has launched a reform package to boost non-oil revenues, indicating that  Iraq is experiencing vital stability that offers broad opportunities for progress.  Saleh told the Iraqi News Agency (INA):
 
"Internal stability is today a fundamental pillar in the Iraqi government's efforts to enhance the investment environment and sustainable development.

Reliable international reports, most notably  Iraq's stable credit rating,  clearly indicate a marked improvement in the investment climate and  confirm Iraq's ability to withstand regional challenges, which  sends positive signals to global markets and donors." 

He added,  "The ongoing development transformations have contributed to  reviving dozens of major, stalled projects, and the adoption of a government program based on  providing services has created an attractive investment climate for the first time in years." 

He continued,  "This progress comes after the country overcame a difficult period of crises, including  security Challenges,  waves of violence and terrorism, as well as the repercussions of health crises and sharp declines in oil prices over the past decade." 

He explained that "the current phase represents a pivotal shift in Iraq's political and economic history, as it is witnessing a vital stability that provides broad opportunities for progress, despite the surrounding geopolitical risks."

He added,  "What distinguishes this stability is its superiority over its turbulent regional environment, reflecting the  strength of national cohesion and the  restoration of the effectiveness of the social contract, both economic and political." 

 He pointed out that  "these combined indicators give Iraq a real opportunity to build a more stable and prosperous future, free from the burdens of the past, and qualified to become a pivotal player in the regional and international economy." 

He explained that  "the fundamental reforms in the government's program aim to  diversify sources of national income and  enhance the state's efficiency in collecting its financial dues without imposing unjustified additional burdens on citizens. This is a prerequisite for achieving long-term economic stability."
 
As part of its drive to diversify sources of income and achieve financial sustainability, the Prime Minister's advisor emphasized that "the government has sought to implement a package of fundamental reforms aimed at  increasing non-oil revenues and   reducing reliance on volatile oil revenues.
 
These reforms include:
     reforming the tax system by expanding the tax base,
     automating collection,
     combating tax evasion, and
     simplifying procedures."  

He continued:   "The government also sought to enhance fees and service revenues by reviewing the pricing of government services, increasing collection efficiency and activating electronic payment and collection,  so that cash flows into the unified government account became ore  transparent,  efficient, and  governed.

 It also modernized the  customs system,  unified tariffs, automated border crossings, and combated smuggling and border violations through a digital framework in cooperation with international technical bodies, especially the United Nations." 

He pointed out,  "The importance of the state's approach to reforming public companies, through restructuring, strengthening partnerships with the private sector, and achieving profitability, in addition to the trend towards productive investment in public property, through inventorying and activating the state's assets and its unused assets, and  settling illegal occupations, as well as  improving revenues from the telecommunications sector by amending company contracts, imposing taxes on data,  expanding the digital infrastructure, and activating local financing tools, particularly in issuing local government development bonds, and  establishing various development financing funds." 

Saleh emphasized that  "the government is working to build a sustainable revenue base independent of oil market fluctuations, supporting economic growth plans and  enhancing the country's financial stability,   which is the primary goal of prosperity and the essence of economic reform." 

He concluded by saying:  “The achievements made over the past two years represent an important path for  Iraq’s transition to an advanced stage of stability and sustainable development.
 
It is a challenging model that  combines the two conditions (stability and development) on the basis of rapid progress simultaneously, despite the enormous international and regional geopolitical challenges,
and compared to the two difficult decades that our country has gone through.” https://ina.iq/ar/economie/239224-.html   

 Expert: Buying Real Estate Abroad Is A "Front For Money Laundering" And The Reason Iraqis Are The Dominant Players In Some Countries.
 
Baghdad Today – Baghdad  Anti-corruption expert Saeed Yassin Musa confirmed on Wednesday (July 23, 2025) that  purchasing real estate abroad has become one of the approved methods for money laundering, which explains the Iraqi nationality's dominance in real estate purchases in some countries in the region. 

In an exclusive interview with Baghdad Today, Moussa said, "The phenomenon of money laundering through the purchase of real estate abroad is on the rise, which  poses a real threat to the Iraqi economy and  threatens the country's financial integrity system."

He explained that "some parties involved in financial corruption are exploiting  legal loopholes and weak external oversight  to transfer stolen public funds into real estate investments in various countries." 

He added,  "These operations are not limited to money smuggling alone, but also contribute to depriving the Iraqi economy of liquidity and  local investment,  which deepens its economic crises."’

He emphasized that  "the Iraqi government and relevant oversight bodies are required to activate  financial tracking mechanisms and international cooperation,   particularly with countries with strict laws against money laundering." 

The anti-corruption expert noted that "remaining silent about this phenomenon will strengthen corruption networks and undermine opportunities for development and reform,  something Iraq cannot tolerate at this critical stage."
 
Specialized reports indicate that real estate investment abroad has become one of the most prominent means of money laundering in Iraq, especially after restrictions on bank transfers were tightened.
 
These investments are often registered in the names of brokers or shell companies to conceal the stolen funds.
 
Iraqi nationals have ranked first among several regional countries in real estate purchases in recent years, raising questions about the sources of these funds,  particularly in light of the escalating reports of widespread  financial corruption and  money laundering  since 2003.   https://baghdadtoday.news/279228-.html    

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

40 Yrs of Bond Stability JUST ENDED, Dollar Fallout Next

40 Yrs of Bond Stability JUST ENDED, Dollar Fallout Next

Taylor Kenny:  7-22-2025

U.S. Treasuries—once the safest asset in the world—are failing. This isn’t a temporary dip; it’s a structural collapse with global implications.

Here’s what the Fed, foreign governments, and smart money aren’t telling you—and how to prepare.

CHAPTERS:

0:00 U.S. Treasuries

1:20 Inflation

3:17 Dollar Collapse

 6:25 Bond Market Fail?

8:31 Gold Purchases

https://www.youtube.com/watch?v=c6feTnNqeZA

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 7-23-25

Good Afternoon Dinar Recaps,

Senate Republicans Unveil Draft Bill for U.S. Crypto Market Structure

Republican leaders on the Senate Banking Committee have introduced a discussion draft of legislation aimed at regulating the U.S. digital asset market. The proposal, titled the Responsible Financial Innovation Act, signals growing coordination between the Senate and House following the recent passage of the CLARITY Act.

Bridging the House and Senate Approaches

Senators Tim Scott (Chair of the Senate Banking Committee) and Cynthia Lummis (Chair of the Digital Assets Subcommittee) released the draft on Tuesday alongside Senators Katie Britt and JD Vance. They emphasized that the legislation builds on the momentum from the Digital Asset Market CLARITY Act, which passed the House of Representatives on July 17 with bipartisan support.

“My colleagues in the House and Senate and I share the same goal: provide clear rules of the road for digital assets,” said Senator Scott.

The move suggests that Senate Republicans are seeking to align their legislative efforts with the House, which recently passed three major crypto bills. Of those, only the GENIUS Act—focused on stablecoins—has been signed into law by President Donald Trump.

What the Draft Bill Proposes

The Senate’s version of the market structure bill mirrors key parts of the House’s CLARITY Act. Both pieces of legislation propose updates to the Securities Act of 1933, arguing that the nearly century-old framework is outdated for regulating modern digital assets.

Key elements in the Senate draft include:

• Clarification on “ancillary assets”: These refer to digital assets that do not meet the definition of securities, helping differentiate between tokens and traditional financial instruments.

• Increased collaboration between the SEC and CFTC: The proposal encourages regulatory agencies to work together in creating a cohesive framework for digital asset markets.

• New disclosure requirements tailored to digital assets and blockchain-based investment vehicles.

Bipartisan Momentum and Legislative Hurdles

According to Liat Shetret, Vice President of Global Policy and Regulation at Elliptic:

“With bipartisan backing, the CLARITY Act heading to the Senate signals increasing momentum behind comprehensive crypto policy and growing alignment on the need for market structure rules, even if full passage may take longer as Congress breaks for the summer.”

Although more than 70 House Democrats supported the CLARITY Act, any revisions made by the Senate could reopen debates or trigger resistance in the House during reconciliation. Additionally, while Republicans hold a slim majority in the Senate, the path to full passage remains uncertain amid ongoing political tensions.

What Comes Next

Senators Scott and Lummis previously indicated their intention to move the market structure legislation through the Senate before October 2025. If successful, this would mark a historic step toward a comprehensive digital asset framework in the United States.

As the regulatory environment around cryptocurrencies continues to evolve, this bill may play a central role in shaping how blockchain, tokens, and decentralized finance operate within U.S. financial law.

@ Newshounds News™
Source: Cointelegraph    

~~~~~~~~~

Ripple CLO Says Americans Need Better Crypto Platform

Ripple’s Chief Legal Officer, Stuart Alderoty, is sounding the alarm about the urgent need for greater crypto education in the United States. As President of the newly launched National Cryptocurrency Association (NCA), Alderoty reports that a majority of Americans who don’t yet hold digital assets find crypto research overwhelming — a significant barrier to wider adoption as demand surges in 2025.

▸ 55% of non-crypto holders find crypto research confusing and difficult to navigate
▸ 68% of Americans are interested in using crypto but don't know where to begin
▸ 42% of U.S. adults are likely to use crypto in 2025, but education remains a hurdle

NCA Aims to Close the Knowledge Gap

Launched in March 2025 with a $50 million grant from Ripple, the National Cryptocurrency Association is now leading the push to simplify access to digital assets through improved education and regulatory clarity. Alderoty emphasized that “clear, jargon-free resources” are essential for Americans to responsibly adopt and benefit from blockchain-based financial tools.

With 1 in 5 Americans already using crypto, the NCA’s mission is to demystify the landscape — especially now that the U.S. has passed landmark legislation like the GENIUS Act (on stablecoins) and the CLARITY Act (on digital asset classification).

▸ 49% of Americans still lack basic knowledge of how crypto works
▸ 40% cite fraud concerns as a major reason for hesitation
▸ 30% say they want simple, trustworthy platforms to learn about crypto safely

Tied to Legislative Reform

The NCA’s initiative aligns closely with recent federal moves toward establishing a clear regulatory framework. The GENIUS Act created definitions for compliant stablecoins, while the CLARITY Act delineates the roles of the SEC and CFTC in digital asset oversight. Ripple, through both its leadership and strategic funding, is positioning itself as a key voice shaping post-regulatory crypto education in the U.S.

Final Thought

As Washington advances crypto legislation, the education gap becomes the next frontier. Through the NCA, Ripple aims to guide Americans toward secure and informed crypto participation. For non-crypto holders who’ve been on the sidelines, 2025 may be the year barriers fall — not just through laws, but through understanding.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

With BRICS Leaving South Africa, Nigeria Emerges as the New Favorite

The recent pivot away from South Africa by the BRICS alliance marks a decisive shift in the bloc’s African engagement strategy. As South Africa faces mounting internal and external challenges within the bloc, Nigeria is rapidly emerging as the new focal point of BRICS expansion on the continent.

BRICS Expansion Shifts Toward Nigeria

In January 2025, Nigeria formally accepted its invitation to join BRICS as a partner country. The announcement, made by the Brazilian government, positioned Nigeria among a growing list of BRICS partner nations including Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan.

Since then, major BRICS members—China, Russia, Brazil, and India—have begun strengthening bilateral relations with Nigeria. This transition signals a broader realignment of BRICS priorities within Africa, especially as South Africa’s role in the bloc comes under scrutiny.

Economic Opportunities for Nigeria

Nigeria’s inclusion opens new doors for trade, investment, and geopolitical engagement. With a population nearing 220 million and its status as the largest economy in Africa, Nigeria stands to benefit from preferential access to BRICS markets.

According to development economist Stephen Onyeiwu:

“Nigeria could use its BRICS partnership to garner the group’s support in matters that affect Nigeria globally. For instance, there have been requests for African countries to be included as permanent members (without veto power) of the UN Security Council. South Africa and Nigeria have been touted as potential candidates.”

BRICS’s departure from a South Africa-centric model is making space for new partnerships and a more diversified African strategy.

South Africa’s Waning Influence

South Africa’s standing within BRICS has been impacted by growing internal divisions and international policy misalignments. Disagreements within the bloc—particularly over relations with Western powers—have further strained South Africa’s leadership role.

Currently, three African nations—South Africa, Egypt, and Ethiopia—are full BRICS members, while Nigeria, Uganda, and Algeria are designated partners. Experts suggest that BRICS is seeking more reliable economic collaborators, which has made Nigeria an increasingly attractive option.

Technology Transfer and Economic Diversification

Beyond trade, the partnership offers Nigeria access to critical technologies from BRICS leaders such as China, India, and Brazil. Nigeria is keen to develop capacities in areas such as:

• Artificial Intelligence

• Renewable energy (especially solar)

• Blockchain and digital infrastructure

As Onyeiwu notes:

“Nigeria seeks to diversify its economy from reliance on the export of hydrocarbons. But Nigerian producers have had a hard time accessing global markets. The country should negotiate trade deals that provide access to BRICS markets, especially for agricultural and agro-processed products, arts, and crafts.”

This marks a new phase of South-South cooperation focused on practical development and knowledge sharing—something that was less emphasized during South Africa’s tenure as the main BRICS representative in Africa.

Strategic Balance and Future Outlook

The shift toward Nigeria does not come without risks. Experts highlight the importance of a nuanced approach that maintains Nigeria’s Western alliances while embracing new BRICS-driven opportunities.

“Nigeria stands to gain from a BRICS partnership,” says Onyeiwu, “but would have to carefully balance its domestic interests with those of its Western allies and BRICS.”

This careful diplomacy will be essential as Nigeria navigates its emerging leadership role in African geopolitics. The new BRICS-African strategy, anchored in Nigeria, reflects a more distributed and inclusive model that may shape the continent’s economic trajectory in the years ahead.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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Iraq Economic News and Points To Ponder Wednesday Morning 7-23-25

The Dollar Approaches The Official Rate: A Real Reform Or A Temporary Trick?
 
July 22, 2025 Last updated: July 22, 2025   Al-Mustaqilla/- In a move that suggests a "shift" in the government's policy toward the dollar crisis,  Mazhar Mohammed Saleh, the financial advisor to Prime Minister Mohammed Shia al-Sudani,  revealed five factors that he said  would lead to narrowing the gap between the official and parallel rates, paving the way for what he described as a "matching" phase between the two rates.

But the most important question is:
     Is what is happening real reform?
     Or is it merely "economic makeup" that masks a fragile reality?
 
The official exchange rate,  set by the Central Bank at 132,000 dinars per $100,  is now approaching the parallel market rate of 139,000 dinars.
 
This decline is viewed by some as a positive sign, while others view it as a  "politicized" and  temporary move to calm the street  ahead of upcoming political and economic events.
 
Five factors or five pressure cards?
 
The government's primary consideration is preventing dollarization,   particularly in the real estate sector.
 
While this may sound like a good move in theory,
it raises questions about its implementation in a market teeming with informal transactions.
 
The second factor relates to transfers via global correspondent banks after the central bank window closed.
 
However, observers question:
     Are these transfers truly available to everyone,
     or are they restricted to specific names and companies?
 
The third factor is the entry of small traders into the official transfer window,
a step whose effectiveness on the ground is questioned by many due to the red tape and bureaucracy.
 
The fourth factor revolves around the expanding use of electronic cards, a move that is hampered by  technical infrastructure and a  deeply ingrained cash culture.
 
The fifth factor relates to what the government calls "price defense" through cooperatives,   a policy that could return Iraq to the era of "ration cards,"amid doubts about its sustainability.
 
Is the difference really less than 4%?
 
Advisor Saleh's statements that the difference between the two rates has become "merely a transaction cost" open the door to a broad economic debate:
 
Can we speak of "convergence" while the parallel market persists?
Have the dollar mafias truly been eliminated?
Or have their positions merely shifted?

In conclusion: appeasement or radical treatment?
 
Achieving a unified exchange rate is a legitimate popular and economic demand.
 
However, without a comprehensive reform of the financial system, increased transparency in transfers, and ensuring fairness in cash distribution, any decline in the parallel market may prove to be nothing more than a "warrior's rest" before another explosion.     https://mustaqila.com/الدولار-يقترب-من-الرسمي-إصلاح-حقيقي-أم/    

America Is Choking Off The Dollar In Iraq... And The Central Bank Is Distributing It Only To "Close Associates"!
 
July 22, 2025 Al-Mustaqilla/- A source said that the  Iraqi market is currently witnessing a severe shortage of cash dollars, as a result of what he described as a “well-considered” move by the Central Bank of Iraq,  
which decided to restrict dollar transactions to a limited number of private and government banks,  
while preventing or restricting the flow of hard currency to exchange offices and open markets.
 
According to the source, who spoke to Al-Mustaqilla on condition of anonymity,  this measure is an extension of a previous US decision to halt cash dollar transfers to Iraq.
 
This decision is part of a regulatory effort aimed at controlling the flow of currency and  preventing smuggling and money laundering, particularly after Washington identified Iraqi financial networks involved in suspicious transfers to countries subject to sanctions.
 
Dollar shortage crisis in the market:
 
The absence of cash dollars from the market has opened the door to a stifling liquidity crisis,
     leading to a decline in actual demand for the US currency and
     contributing to a depreciation of the exchange rate on the parallel market.
 
Yesterday, the dollar exchange rate recorded a significant decline,  reaching 139,000 dinars for every $100,  compared to previous levels of more than 143,000 dinars.
 
However, this "drop" in price does not reflect economic improvement as much as it indicates a shortage of supply and a  contraction in commercial activity in hard currency,
at a time when a  large segment of traders are turning to the Iraqi dinar in the absence of the dollar.
 
Dimensions of the American decision:
 
Washington's decision to halt the dollar exchange rate, while not officially announced as a punitive measure, is part of a series of pressures exerted by the US Treasury on Baghdad to regulate the financial and banking sectors and  prevent the flow of dollars to countries such as Iran, Syria, and Lebanon.
 
These pressures have resulted in the inclusion of Iraqi banks on watch lists, the imposition of strict restrictions on foreign transfers, and a reduction in the dollar cash quota previously sent by air to Baghdad.

Are we facing a "dollar drying up" phase in Iraq?
 
The facts indicate that Iraq has actually begun to enter a phase that can be called the “drying up of the cash dollar,”   a tactic with two objectives:
 
         Internally: controlling the market and regulating the use of foreign currency.
         Externally: appeasing Washington and avoiding sanctions or negative financial ratings. However,
 
this approach requires  radical reforms in the banking system and  ensuring comprehensive financial coverage for citizens.
 
Otherwise, the shortage could turn into a broader crisis that would  disrupt the economy and return the market to a state of chaos and confidence in the currency.    https://mustaqila.com/الدولار-في-العراق/  

The US Has Stopped Sending Cash Dollars To Iraq. Is This The Beginning Of A Blockade?
 July 21, 2025  Al-Mustaqillah/- Private sources confirmed that the   United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a "financial blockade"  on some Iraqi banks involved in currency smuggling and money laundering.
 
According to a source who spoke to Al-Mustaqilla on condition of anonymity, 
Washington's decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious dollar transfers to countries subject to international sanctions.
 
This has angered the US Treasury, prompting it to tighten controls on dollar movement within the Iraqi market.
 
Sudden drop in exchange rate after the decision
 
Remarkably, the US decision coincided with a significant decline in the dollar exchange rate in the Iraqi market.  Experts interpreted this as a natural consequence of the restrictions on the circulation of cash and the  prevention of its smuggling abroad.
 
This led to an increase in supply in the local market and a temporary decline in its price.

Government shift towards “legal dollarization”
 
Separately, a banking source revealed that the Iraqi government has been relying on
new mechanisms for disbursing salaries and conducting financial transactions for months.
 
These mechanisms involve legal invoices processed through official banks and  digital platforms   linked to the global financial system. This is an alternative to the paper dollar shipments previously transported into the country by air.
 
The source indicated that this step represents a major shift in cash liquidity management in Iraq,
making it difficult for suspicious entities to continue smuggling or manipulating the currency market.
 
Is this the beginning of the storm?
 
The US decision raises many questions about the future of dollar transactions in Iraq,
especially in light of escalating regional tensions and Washington's tightening of financial sanctions.
 
Are we witnessing the beginning of a new phase of international restrictions on the Iraqi economy?
Or is this merely a technical measure against some violating banks? https://mustaqila.com/أمريكا-توقف-إرسال-الدولار-النقدي-إلى-ا/  

Source: New Digital Bank In Iraq Threatened With International Sanctions Over Money Laundering
 
July 21, 2025  Al-Mustaqilla/- An informed source said that a new digital bank in Iraq, linked to a prominent political figure,  faces international scrutiny and potential sanctions in the coming period  due to serious  financial cases related to money laundering and  smuggling funds abroad.
 
The source, who spoke on condition of anonymity, confirmed to Al-Mustaqilla's correspondent that
 
investigations conducted by international and security agencies revealed the bank's involvement in suspicious financial transactions, most notably the issuance of fake bank cards used to transfer illegal funds outside Iraq.
 
This has sparked widespread concern within the local and international banking community.
 
These developments come amid mounting criticism of the Iraqi financial system, which suffers from weak oversight and is being exploited by some political parties to pursue personal interests at the expense of the national economy. 

The source confirmed that sanctions will be imposed on the bank in the coming period, which could open the door to broader investigations to uncover more suspicious financial networks inside and outside Iraq.
 
This news raises serious questions about the transparency of the Iraqi financial sector and the possibility of achieving real reforms that put an end to the exploitation of political money among modern digital banks.  https://mustaqila.com/مصدر-مصرف-رقمي-جديد-في-العراق-مهدد-بعقو/   

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 7-23-25

Good Morning Dinar Recaps

The Global Economy Is Crumbling Before Our Eyes

A slow-motion collapse of the global financial system is underway, and it’s no coincidence. Historians Neil Howe and William Strauss suggest we are now deep into a historical crisis cycle—what they call the Fourth Turning—a destructive period that occurs every 80 to 100 years, reshaping societies, economies, and global power structures.

As this cycle unfolds, traditional financial systems may falter—and Bitcoin may serve as the escape hatch.

The “Fourth Turning” and Historical Collapse Cycles

Howe and Strauss, in their 1997 book “The Fourth Turning: An American Prophecy”, proposed that history moves in four recurring generational cycles:

1. The High – A time of strong institutions and social cohesion (e.g., post-WWII boom)

2. The Awakening – A cultural rebellion against institutions (e.g., 1960s-70s)

3. The Unraveling – An era of weakening institutions and growing individualism (1980s–2000s)

4. The Fourth Turning – A full-blown crisis where systems collapse and power structures reset

Past Fourth Turnings included the American Revolution, the Civil War, and the Great Depression leading to World War II. According to Howe, we entered the current crisis phase sometime between the mid-2000s and early 2020s.

Why Collapse Is Unfolding Now

Several converging forces are driving the present global disintegration:

1. Debt and Financial Instability

Since the 2008 financial crisis, governments and corporations have become dangerously reliant on low interest rates and easy credit. This has fueled record levels of global debt while inflating asset bubbles in stocks, real estate, and bonds. Now, with interest rates rising and debt burdens ballooning, the system is buckling.

2. Social Fragmentation and Institutional Breakdown

Trust in institutions—governments, media, banks—has collapsed. Rising inequality has triggered political polarization and populist uprisings across the world. From Trump in the U.S. to Meloni in Italy, mainstream politics is giving way to nationalist and anti-establishment movements.

3. Geopolitical Realignment and Superpower Conflict

China’s rapid rise has disrupted the unipolar world order dominated by the United States. Tensions over Taiwan, trade, and technology resemble the great-power rivalries of past Fourth Turnings. The new U.S.-China standoff has already begun to fracture global supply chains and military alliances.

Economic Fallout and Political Risk

In a debt-ridden world, governments typically face three choices:

• Austerity

• Default

• Inflation

Most choose inflation—it quietly reduces debt by devaluing money. However, this approach erodes savings, purchasing power, and investor confidence. The 2020 pandemic response demonstrated this clearly: trillions were printed, and inflation surged across essential goods and services.

If inflation persists, governments may resort to financial repression, compelling savers to hold government bonds with negative real returns, or imposing capital controls to trap wealth within borders.

Simultaneously, geopolitical conflict—especially in flashpoints like the Taiwan Strait—could trigger financial panic, crash markets, and cripple international trade. Countries are already being forced to choose sides between Western powers and BRICS nations.

Strategic Positioning: What Investors Can Do

According to financial historian Russell Napier, we are entering an era of high inflation, capital controls, and sustained financial repression. Investors should expect long-term constraints on liquidity and freedom of capital movement.

1. Bonds Are No Longer Safe

With inflation rising, bondholders will demand higher returns. This drives down bond prices, making once-safe government and corporate debt a liability.

2. Shift Toward Tangible Sectors

Infrastructure, energy, defense, manufacturing, and raw materials will become focal points for state investment. These sectors are positioned to benefit from government stimulus and national security priorities.

3. Gold, Silver, and Real Assets

Precious metals historically outperform during inflationary periods. Gold is increasingly seen as a reserve asset of last resort, especially if fiat currencies come under pressure.

4. Bitcoin as a Sovereign Hedge

Cryptocurrencies with strong adoption—primarily Bitcoin and Ethereum—may offer a path to preserving wealth in the face of monetary devaluation. As traditional systems falter, decentralized assets could provide an exit strategy for individuals seeking monetary sovereignty.

“Only digital assets with real utility and decentralized trust will endure. Most others will collapse,” analysts warn.

Conclusion: A Dangerous Decade, A Rare Opportunity

The 2020s may bring chaos, but also transformation. History shows that each Fourth Turning ends not in total destruction, but in renewal. After crisis comes rebirth.

Investors and citizens who adapt—by repositioning portfolios, securing tangible assets, and exploring decentralized options—may not only survive this upheaval but emerge stronger on the other side.

@ Newshounds News™
Source: CoinTribune

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WATCH LIVE: Fed Chair Jerome Powell delivers remarks on America's economic outlook

Powell is widely expected to shed light on the timing of interest rate cuts and where the Fed sees the economy headed over the next year.

@ Newshounds News™
Source:  Fox Business News

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“Tidbits From TNT” Wednesday Morning 7-23-2025

TNT:

Tishwash:  Transforming Iraq into a regional hub: Establishing a "Global Gold City" in Baghdad

The Iraqi Ministry of Trade has announced the establishment of a dedicated city for the gold and jewelry industry in the Iraqi capital, Baghdad.

The aim is to localize the precious metal industry and boost local production within the country, "which will contribute to transforming Baghdad into a regional center for the gold industry and trade."

 The ministry announced in a statement on Wednesday, July 23, 2025, that the Ministerial Council for the Economy had approved the proposal submitted by the Ministry of Trade to establish a "Global Gold City" in Baghdad. The ministry described the move as "strategic, aiming to localize the gold and jewelry industry within Iraq and boost local production."

Minister of Commerce, Athir Dawood Al-Ghurairi, emphasized in this regard that "the project represents a qualitative leap in the development of national industries," noting that "the city will include an integrated system that includes specialized industrial units, advanced training centers for goldsmithing according to international standards, as well as advanced markets and an exchange for gold and jewelry."

For his part, Director General of the Department of Foreign Economic Relations, Riyadh Fakher Al-Hashemi, explained that "the project aims to support the private sector and expand its contribution to the national economy," noting that "the city will be established within the integrated economic city in Baghdad, contributing to transforming the capital into a regional center for the gold industry and trade."

According to Al-Hashemi, the ministry has begun coordinating with the National Investment Commission to complete the requirements for land allocation and issue investment licenses in preparation for the project's implementation.  link

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Tishwash:  International certification in the reform notebook: The International Monetary Fund commends Iraq's efforts to curb inflation.

In a move that may reflect a tangible shift in Iraq's economic policy, the country received official praise from the International Monetary Fund for its efforts to curb inflation.

 Economists consider this a positive indicator of the effectiveness of the policies adopted by the government and the Central Bank over the past period.

Economic expert Nasser Al-Tamimi told Baghdad Today on Tuesday (July 22, 2025) that “the IMF’s praise represents a reassuring message to the international community and investors, and reflects the seriousness of the economic policies that Baghdad has recently adopted.” He added that “Iraq has faced major inflationary challenges in recent years as a result of internal and external factors, including fluctuations in oil prices and disruptions in supply chains, in addition to political and financial pressures.”

Al-Tamimi pointed out that "the improvement in inflation indicators is the result of balanced monetary policies, including tightening monetary policy tools, enhancing market oversight, and maintaining the stability of the dinar exchange rate, which helped prevent price increases and protect citizens' purchasing power."

However, he stressed at the same time that this praise "is not the end of the road, but rather the beginning of a long reform journey," emphasizing "the need to continue addressing structural gaps in the economy, expanding the revenue base beyond oil, and monitoring global developments that may impact price levels in the country in the future."

Al-Tamimi concluded his statement by saying, "The IMF report provides a strong impetus to the economic reform process, while simultaneously placing an additional responsibility on decision-makers to continue the corrective approach and achieve comprehensive and sustainable development that serves citizens first and foremost."

Economists believe that the Iraqi economy has faced significant inflationary challenges in recent years, influenced by a number of factors, most notably fluctuations in global oil prices, which represent the state's primary source of revenue. In addition, internal political and security crises and disruptions to global supply chains, particularly following the COVID-19 pandemic and the war in Ukraine, have also contributed to this.

In 2021 and 2022, Iraq recorded relatively high inflation rates, which negatively impacted the prices of goods and services and affected the purchasing power of citizens, particularly those with limited income.

In response, the Central Bank of Iraq adopted a more restrictive monetary policy, raising interest rates, strengthening oversight of banking activity, and attempting to stabilize the dinar's exchange rate against the dollar despite market volatility.    link

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Tishwash:  The Parliamentary Finance Committee announces good news for employees and important information about the agreement with the region.

The Parliamentary Finance Committee revealed a government plan to issue bonuses and promotions without linking them to budget schedules.

Committee member Moeen Al-Kadhimi said during his appearance on the "Free Talk" program on Al-Furat satellite channel: "It is likely that in the coming period, Prime Minister Mohammed Shia Al-Sudani will instruct the Ministry of Finance to release bonuses and promotions for employees and not link them to budget schedules."

He added, "After hosting Finance Minister Taif Sami, the discussion focused on the reasons for the delay in the budget schedules, the liquidity shortage, and employee salaries, bonuses, and promotions," noting that "she emphasized covering basic needs through oil and non-oil revenues."

Al-Kadhimi noted that "the current oil price of $65 a barrel is sufficient to cover monthly salaries, given continued exports and budget allocations." He added that "each of the three-year budgets, estimated at 150 trillion dinars annually, can cover salaries and stalled projects without the need to create new ones."

Regarding non-oil revenues, he explained that "their percentage does not exceed 12% currently," calling for "a gradual plan to raise the percentage to 50% by strengthening collection, taxes, and border crossings with support from political blocs and the government."

Regarding the region's affairs, Al-Kadhimi asserted that "oil and non-oil revenues in Kurdistan amount to 9 trillion dinars annually, but the federal government is not receiving the actual figures and the region is refusing to pay." He added that "the government, out of appreciation for the employees' circumstances, has released a one-month salary allowance despite the region's shortcomings."

He pointed out that "Baghdad paid 700 billion dinars in salaries to the region for the month of June, compared to only 120 trillion dinars paid by the region as an initial attempt to resolve the crisis," adding that "the crisis of trust and credibility was the main reason for the previous funding obstruction."

Regarding the Ceyhan oil pipeline, Al-Kadhimi stated that "Turkey has presented new conditions related to compensation, doubling transit costs, and participation in gas projects and Kurdistan fields." He emphasized "the need for the Iraqi government to move to negotiate during the current year, especially since Iraq possesses strong leverage."

He called for "opening alternative export routes via the Red Sea, Syria, Jordan, and Saudi Arabia as emergency options," stressing his "rejection of a Turkish incursion into Iraqi territory, given that the Kurdistan Workers' Party (PKK) no longer exists." He also warned against "continued violations of sovereignty and the arrival of Turkish forces on the outskirts of Mosul."

Al-Kadhimi concluded by stressing "the importance of leveraging the economic card, particularly the water issue, to pressure Ankara and put an end to its security interventions within Iraqi territory." link

Mot:  Those Were the Daze My Friend ~~~~~

Mot: Sumthun bout Summer I Guess