MilitiaMan and Crew: Iraq Dinar News Update-Central Bank of Iraq Speaks Loudly

MilitiaMan and Crew:  Iraq Dinar News Update-Central Bank of Iraq Speaks Loudly

8-13-2025

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

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

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

Iraq Economic News and Points To Ponder Wednesday Afternoon 8-13-25

The Iraqi Government Denies Any Intention To Devalue The Dinar Against The Dollar

Local   The Iraqi Prime Minister's economic advisor, Mazhar Mohammed Salih, denied the government's intention to adjust the exchange rate by devaluing the Iraqi dinar against the US dollar to provide liquidity. "Iraq's exchange rate policy is a contractual one between the Ministry of Finance and the Central Bank of Iraq," Saleh said in an interview with Al-Eqtisad News. "This is because the reserves supporting the Iraqi dinar reinforce the external value of the currency, meaning that the dinar, backed by foreign currency, comes from oil revenues."

He explained that "this is called foreign exchange covered by foreign currency," noting that "the last thing the Iraqi government is thinking about is changing the exchange rate, because the policy of changing the exchange rate every so often is bad policy, so it is preferable for the exchange rate to remain officially stable in this manner."

Mazhar Mohammed Saleh believes that "oil is a global commodity that is not affected by the dinar's devaluation, increase, or otherwise. At the same time, this constitutes inflationary financing through deceiving people, and this is not true." He considered the policy of devaluing the dinar to be "dangerous and not easy, while the state is constantly working to raise and improve the dinar's value, not to devalue it."

He stressed that "the right thing to do is to keep the exchange rate as low as possible, unless the economy is exposed to major emergencies, which I don't expect to happen, as long as the economy is oil-based and generates foreign currency flows.

" He believed that "there are no such plans, neither now nor after the elections, and no one is thinking about this matter in light of the current circumstances and the constants and variables of the current situation."

He continued, "There is no economic policy that tends to fluctuate between depreciation and appreciation of the exchange rate."

He stated that "the exchange rate and the Iraqi dinar have been stable for very long periods, so manipulating the exchange rate is a bad and incorrect policy. The correct policy is to maintain the status quo and thus maintain overall stability so that development, investments, and plans can be sustained."

Mazhar Mohammed Saleh also stated that "the worst type of financing is inflationary financing resulting from the devaluation of the Iraqi dinar, as economic literature suggests, which means deducting from citizens' income by reducing real income to a valueless cash income."

Regarding the easiest ways to address the liquidity shortage, Mazhar Mohammed Saleh explained that "the financial system should be improved by improving revenues." https://economy-news.net/content.php?id=58757

Baghdad And Erbil Reach Agreement On Oil Export Mechanism; Resumption Contingent On Iraq's Talks With Türkiye

Economy | - 08/13/2025  Mawazine News - Baghdad –  The Ministry of Natural Resources in the Kurdistan Region of Iraq announced on Wednesday that it had reached an agreement with the federal Ministry of Oil regarding the mechanism for exporting oil.

The ministry said in a statement received by (Mawazine News) that "the minutes of the agreement were signed by 23 figures from the delegations of both sides, including 17 members of the Iraqi Ministry of Oil delegation."

The statement added, "The meetings began on July 17, and during this period, visits were made to all of the region's fields. After evaluating technical problems and conducting intensive negotiations, an agreement was reached on August 11 on the mechanism for exporting oil from the Kurdistan Region's fields, so that oil would be delivered according to the daily production of the region's fields, after reserving 50,000 barrels to cover local needs in the region, and the remainder would be delivered to the SOMO Marketing Company."

It indicated that "the resumption of oil exports from the Kurdistan Region will remain contingent on the federal government's talks with the Turkish government, so that the process can be effectively implemented."  https://www.mawazin.net/Details.aspx?jimare=265033

The Securities Commission Details Its Achievements Over The Past Two Years: Listing 19 Companies And Issuing A Governance Guide

Local   The Securities Commission detailed its achievements in 2024 and 2025 on Wednesday, affirming its commitment to developing the investment environment and enhancing transparency in the Iraqi financial market.

In a statement, the commission said, "Within the framework of enhancing international cooperation and developing the operations of the Iraq Stock Exchange, the Iraqi Securities Commission, under the leadership of its chairman, Faisal Al-Haimus, achieved notable accomplishments during 2024 and 2025."

The commission added that it "worked to list 19 new companies on the Iraq Stock Exchange during 2025, in a significant step that contributed to diversifying the base of listed companies and enhancing the market's attractiveness to local and international investors."

She continued, "A corporate governance guide for listed companies has been issued, which contributes to enhancing transparency and good practices in corporate governance." She added, "We are also working to update trading mechanisms in cooperation with regional financial markets, which contributes to developing the infrastructure of the Iraqi market."

She added, "Agreements have been concluded with the Egyptian Financial Markets and the Abu Dhabi Securities Exchange, with the aim of exchanging expertise and enhancing transparency and digital transformation in the Iraq Stock Exchange."

The Commission added, "The Iraqi Securities Commission received the 2025 Arab Banking Excellence and Achievement Award from the World Union of Arab Bankers, in recognition of its prominent role in supporting the Iraqi banking sector and developing its services to meet market requirements."

The Commission affirmed, according to the statement, its "continued efforts to enhance the investment environment in Iraq, which will contribute to attracting local and foreign investments and enhancing investor confidence in the Iraqi financial market."   https://economy-news.net/content.php?id=58754

Al-Sudani: Iraq's Investments Exceeded $100 Billion In Two Years.

Money and Business   Prime Minister Mohammed Shia al-Sudani confirmed on Wednesday that Iraq's investments in two years have exceeded $100 billion.

The Prime Minister's media office said in a statement that "Prime Minister Mohammed Shia al-Sudani received, on Wednesday, representatives of the coalition of six companies that have applied to rehabilitate, develop and operate Baghdad International Airport, in the presence of representatives of the International Finance Corporation (IFC), which is advising the Ministry of Transport on the project."

The Prime Minister blessed "the holding of the conference to review the projects of the IFC, which is an important partner with Iraq in joint work and the implementation of many projects in various stations and sectors," appreciating "its efforts in completing the work in a manner befitting Baghdad International Airport, given its importance to Iraq, which is witnessing a state of recovery, stability, development and reconstruction movement in all governorates."

He stressed that "Iraq's distinguished geographical location has prompted us to invest in air transport, aircraft transit and service to passengers," noting "the existence of many government projects in this field."

He stressed that "Iraq is currently attracting significant Arab and foreign investments in various sectors, exceeding $100 billion over the two years of the government's term." He explained that "Baghdad Airport is a showcase for the capital, and must receive the necessary rehabilitation and development, as well as management that provides services and generates revenues."

He indicated that "there is a real and clear opportunity to increase the number of passengers from abroad to Baghdad," pointing to "the need to reconsider the management style of the government sector, in airports and most sectors."

He stressed that "the opportunity is available at Baghdad Airport, and at the airports of Najaf, Basra, Nasiriyah and Mosul, and we have chosen successful experiences in the region for managing and operating airports," noting that "we have contracted with the International Finance Corporation (IFC) to work as a specialized advisory body to prepare the investment portfolio for the development and operation of Baghdad Airport."

The Prime Minister welcomed "all Arab and foreign companies in Iraq, as a message that it is a safe and attractive environment for investment," noting that "the government will provide support, assistance and all facilities for the companies' work."

He explained that "the project to rehabilitate, develop and operate Baghdad Airport is based on a desire to find the best coalition, company or investor that can provide a successful model for the airport." https://economy-news.net/content.php?id=58755

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

This Looks like 2007, Markets at a Critical Tipping Point

This Looks like 2007, Markets at a Critical Tipping Point

Wealthion:  8-12-2025

The financial markets stand at a precarious crossroads, with investors grappling with the existential question: are stocks poised to power to new, unprecedented highs, or are we teetering on the brink of a painful bear market?

According to Chris Vermeulen, founder of TheTechnicalTraders, the answer isn’t simple, but the signals are flashing a critical tipping point.

In a recent in-depth interview with James Connor on Wealthion, Vermeulen laid out a comprehensive technical analysis across major asset classes, warning that while opportunities exist, the underlying market weakness masked by a few dominant players could spell trouble.

One of Vermeulen’s most striking warnings is the uncomfortable parallel he draws between the current market environment and the period leading up to the 2007 top.

 He suggests that the market’s current structure, where a small group of mega-cap tech stocks – famously dubbed the “Magnificent Seven” – are driving much of the broader market’s gains, is creating a deceptive illusion of strength.

Beneath the surface sparkle of these tech giants, Vermeulen sees widespread weakness that is reminiscent of past market tops.

Amidst the swirling uncertainty, Vermeulen emphasizes a crucial strategy: avoiding the Fear Of Missing Out (FOMO) and waiting for clear confirmation signals.

He believes that blindly chasing recent gains in a concentrated market is a recipe for disaster. Instead, his approach centers on patience, allowing technical indicators to provide unambiguous direction before committing capital.

The current market dynamic, according to Vermeulen, poses particular risks for retirees and long-term investors. The potential for a significant market correction, coupled with the deceptive strength of a few stocks, could erode portfolios built on traditional long-term strategies if not carefully managed. His analysis underscores the need for vigilance and a deep understanding of underlying market mechanics, rather than simply relying on headline index performance.

Chris Vermeulen’s insights provide a sobering yet crucial perspective on the current financial landscape. His emphasis on technical signals, avoidance of FOMO, and detailed breakdown of various asset classes paints a picture of a market at a critical crossroads, demanding careful consideration and strategic positioning from all investors.

For a comprehensive understanding of Chris Vermeulen’s technical signals and further insights into his market outlook, watch the full interview on Wealthion.

https://youtu.be/ImuHBl9uhgg

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 8-13-25

Good Afternoon Dinar Recaps,

Brazil Leads BRICS Toward Historic Common Currency Launch by 2026

The BRICS common currency initiative is entering its most advanced phase yet, with Brazil spearheading efforts toward what analysts forecast as a potential 2026 launch. Recent developments include progress on digital payment systems, expanded local currency settlements, and blockchain-based infrastructure — positioning the project as a direct challenge to U.S. dollar dominance.

Momentum Builds After 2024 and 2025 Summits

• 2024 BRICS Summit in Kazan saw major breakthroughs in monetary cooperation. Russian President Vladimir Putin was seen with what appeared to be a prototype BRICS banknote.

• Putin emphasized that BRICS is not rejecting the dollar outright but is seeking alternatives due to restrictions on its use:

“If they don’t let us work with [the dollar], what can we do? We have to look for other alternatives, which is happening.”

• 2025 Brazil Summit maintained currency momentum despite some high-profile absences. Analysts now view 2026 as a realistic target for the rollout, with digital settlement mechanisms being implemented across member nations.

U.S. Tariffs Accelerate De-Dollarization

• U.S. tariffs on Brazilian exports under the Trump administration have intensified BRICS’ push for a shared currency.

• Brazilian President Luiz Inácio Lula da Silva and Chinese President Xi Jinping have pledged deeper cooperation to resist “unilateralism and protectionism.”

• Diplomatic strains escalated after Brazil’s Finance Minister canceled a meeting with the U.S. Treasury Secretary.

Economic Benefits and Strategic Impact

• Reduced dollar dependency and greater transaction efficiency are top economic drivers for the BRICS currency project.

• Iranian Ambassador to Russia Kazem Jalal stressed that the initiative would help member nations bypass the impact of U.S. sanctions.

• Integration of blockchain technology and central bank digital currencies (CBDCs) is advancing, enabling a modern settlement framework.

2026 Implementation Path

Brazil’s leadership is focused on aligning monetary policies, inflation management, and payment infrastructure across BRICS members. Despite varying economic conditions, the bloc is consolidating around shared frameworks to ensure the currency’s successful rollout.

@ Newshounds News™
Source: Watcher Guru    

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Iraq Economic News and Points To Ponder Wednesday Morning 8-13-25

A Banking Disaster... 10 Iraqi Banks Are Under The Guillotine! 

August 13, 2025  Al-Mustaqillah/- In a dangerous development that exposes the fragility of the Iraqi banking system,  Central Bank Governor Ali Al-Alaq announced on Tuesday that  10 Iraqi banks are now subject to liquidation after being unable to return customer deposits.
 
This development raises serious questions about the future of the country's financial sector.

Al-Alaq revealed that 80% of Iraqi currency remains locked away from banks due to a lack of trust in the banking system,  reflecting a long-standing failure to restore public confidence.
 
According to informed sources, this liquidation is not merely an "administrative reform,"
but rather comes amid stifling US pressure and sanctions targeting a number of Iraqi banks on charges related to illegal transfers, rendering them unable to continue their financial activities.
 
The 2025 banking reform document promoted by the Central Bank aims, according to Al-Alaq,
to modernize the banking system and attract global partnerships.
 
However, it is striking that only 10% of banks have expressed reservations about the plan,
while the rest face the risk of collapse or closure.
 
The liquidation of these banks may open the door to questions about who bears responsibility for their collapse.  Are they victims of external sanctions, or the result of the corruption and mismanagement that have plagued the banking sector for decades?
 
As the government promotes reform plans, the Iraqi banking sector appears to be entering a "cruel selection" phase between those who will survive and those who will be wiped out... but the price may be paid first by depositors.      
https://mustaqila.com/كارثة-مصرفية-10-بنوك-عراقية-تحت-المقصلة/   

 
Relations: 10 Banks Are Unable To Return Customer Deposits, And Lack Of Confidence Keeps 80% Of Funds Outside Banks.
 
Economy Yesterday, 12:35 | 1760  Baghdad Today – Baghdad   Central Bank Governor Ali Al-Alaq confirmed on Tuesday (August 12, 2025) that  approximately 80% of the Iraqi currency is stored outside banks in homes   due to weak confidence in the banking system.
 
Al-Alaq explained in a press statement followed by "Baghdad Today" that  "the reform document for the year (2025) aims to modernize banks according  to international standards and attract global partnerships," stressing that "the banking reform document represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings." 

He also revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customers’ deposits.     https://baghdadtoday.news/280767-80.html  

The Governor Of The Central Bank Holds An Important Meeting With Oliver Wyman.
 
August 12, 2025  The Governor of the Central Bank holds an important meeting with Oliver Wyman.
 
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, and the relevant team
held a meeting with Oliver Wyman   to discuss the contents of the Iraqi Private Banks Association’s letter regarding the banking reform plan.
 
His Excellency confirmed that the Central Bank had completed an extensive discussion,
during which the attendees expressed their understanding of the points contained in
the letter and ways to flexibly adapt some of the plan’s provisions to facilitate implementation.
 
The company has begun studying available means to present the best proposals and ideas in this regard as soon as possible.
 
This bank confirms what it announced during the months-long preparation period of the plan, that the
goal of the plan is to  achieve a real project to  build and  stabilize the banking sector, enabling it to to operate safely and effectively in accordance with  international practices and standards and
local laws.
 
This is to enhance    governance,     compliance, and     risk management, and  to transition banks to an economic role that  enhances the development process and  provides services with the highest levels of efficiency and effectiveness,  utilizing the best practices and modern technologies.
 
The bank emphasizes that the plan   will enhance local and international confidence in the Iraqi banking sector,   particularly since   implementation of the plan and  adherence to its provisions will lead to  the   restoration of relations between all banks that meet the  plan's requirements and   internationally accredited correspondent banks,   particularly those banks that do not currently have international banking relationships.
 
The bank also thanks all banks for     their engagement with the plan and     their fruitful cooperation with the Central Bank to achieve common goals in the public interest,  emphasizing that the plan's success depends on the cooperation of all concerned parties.
 
The bank noted that it  has succeeded in many aspects over the past period and  hopes to continue to implement this plan to its fullest potential. Central Bank of Iraq  Media Office  https://cbi.iq/news/view/2952    
  

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 8-13-25

Good Morning Dinar Recaps,

U.S. Banks Warn Congress: Close GENIUS Act Stablecoin Loophole Before It Disrupts the Financial System

A coalition of major U.S. banking organizations is calling on Congress to close a critical loophole in the newly enacted GENIUS Act, warning that it could allow stablecoin issuers to offer yields through affiliate businesses — a move they say could drain trillions from the banking system and destabilize the U.S. credit market.

The Loophole at the Heart of the Dispute

Signed into law on July 18, the GENIUS Act prohibits stablecoin issuers from directly paying interest or yield to token holders. However, it does not explicitly extend this restriction to crypto exchanges or other affiliated platforms.
This omission, banking groups argue, creates a backdoor for issuers to indirectly pay yields, sidestepping the law’s intent and undermining the banking sector’s ability to retain deposits.

The Bank Policy Institute (BPI) — joined by the American Bankers Association, Consumer Bankers Association, Independent Community Bankers of America, and the Financial Services Forum — warned in a letter to Congress that this gap could trigger a deposit flight of up to $6.6 trillion from the traditional banking system.

Why Bankers See a Risk

Banks rely on deposits to fund loans for households and businesses. If large amounts of capital shift into yield-bearing stablecoins, credit availability could shrink, interest rates could climb, and borrowing could become more expensive for Main Street.

According to the April U.S. Treasury report cited in the letter, such an outflow could:

• Increase deposit flight risk, especially during periods of market stress.

• Reduce overall credit supply in the economy.

• Lead to higher loan costs for businesses and consumers.

The Competitive Edge of Yield-Bearing Stablecoins

Yield is one of the strongest marketing tools for stablecoin adoption.

• Some stablecoins offer built-in rewards, while others — such as Circle’s USDC — provide incentives through exchanges like Coinbase and Kraken.

• Coinbase CEO Brian Armstrong insists these payments are “rewards,” not “interest,” arguing they fall outside the GENIUS Act’s restrictions.

• PayPal has also indicated it plans to continue offering incentives for its stablecoin users.

Bankers counter that stablecoins differ fundamentally from bank deposits or money market funds because they do not fund loans or invest in securities to generate returns. Instead, they are designed to maintain a fixed peg, meaning any yield offered would be purely a competitive draw for deposits, not a driver of economic growth.

Market Context

• Stablecoin Market Cap: $280.2 billion as of mid-2025.

• Dominance: Over 80% controlled by Tether (USDT) and USDC.

• U.S. Money Supply Comparison: Stablecoins are still a fraction of the $22 trillion U.S. dollar supply.

• Growth Projections: Treasury estimates the stablecoin market could reach $2 trillion by 2028.

Balancing Dollar Dominance with Financial Stability

Crypto industry analysts argue that the GENIUS Act — by legitimizing and promoting dollar-backed stablecoins — could strengthen U.S. dollar dominance on the global stage, especially in competition with rival currencies.
However, bankers warn that without tighter rules, the same growth could come at the cost of domestic financial stability.

As the stablecoin sector expands, the fight between innovation and regulation is intensifying — and lawmakers may soon have to decide whether this “gray zone” in the GENIUS Act will be closed or exploited.

@ Newshounds News™
Sources:  Coinpedia and Cointelegraph

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SEC Shifts Focus to Clear Crypto Rules After Ripple Settlement

The U.S. Securities and Exchange Commission (SEC) is turning its attention toward crafting a clear regulatory framework for cryptocurrency, following the conclusion of its nearly five-year legal battle with Ripple Labs.

Case Closure Frees Regulatory Focus
The dispute, which began in December 2020, ended after both parties agreed to drop appeals and cover their own legal costs. SEC Commissioner Hester Peirce called the resolution a “welcome development” that frees resources for policymaking.
SEC Chair Paul Atkins echoed this sentiment, stating that the agency can now move “from the courtroom to the policy drafting table” to build rules that encourage innovation while protecting investors.

Background of the Ripple Case

• The SEC alleged Ripple raised $1.3 billion through unregistered XRP sales.

• In July 2023, Judge Analisa Torres ruled XRP was not a security for retail sales, but was a security in institutional sales.

• Ripple was fined $125 million in August 2024.

Push for the CLARITY Act
The conclusion of the Ripple case comes as lawmakers debate the CLARITY Act, a bill intended to define digital assets more clearly under U.S. law. Republican sponsors aim to pass it by Sept. 30, alongside the Anti-CBDC Surveillance State Act, which seeks to block a U.S. central bank digital currency.

However, opposition is mounting. Key Democrats, led by Rep. Maxine Waters, have labeled the package “dangerous” and accused Republicans of fast-tracking it without sufficient safeguards.

Key Takeaway
With Ripple litigation behind it, the SEC faces mounting pressure to deliver well-defined crypto regulations that can balance innovation, investor protection, and political consensus.

@ Newshounds News™
Source:  Cointelegraph

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DeFi Advocates and a16z Call on SEC to Establish Safe Harbor for Blockchain Apps

The DeFi Education Fund and venture capital giant Andreessen Horowitz (a16z) are urging the U.S. Securities and Exchange Commission (SEC) to create a regulatory safe harbor for certain blockchain applications — a move they say would provide much-needed clarity for developers and preserve the SEC’s authority over high-risk activities.

Proposal for a Safe Harbor
In a letter to SEC Commissioner Hester Peirce, the groups proposed a framework that would exempt qualifying blockchain apps from the agency’s broker-dealer rules.
To qualify, an app must:

• Be non-custodial (not hold user assets)

• Avoid making recommendations or exercising discretion over user activity

• Be built on decentralized underlying protocols

These conditions, they argue, reflect the reality that most blockchain applications are passive software tools enabling users to interact directly with public, decentralized networks — not intermediaries acting like traditional brokers.

Regulatory Shift Under Trump Administration
The proposal comes amid a noticeable regulatory pivot under the Trump administration:

• Creation of a crypto task force to establish a more “sensible” regulatory path

• Termination of investigations into several crypto firms

• Launch of Project Crypto to modernize SEC rules for digital assets

Previously, the SEC had hinted that certain apps — including Coinbase Wallet, Uniswap Labs, and OpenSea — might need to register as brokers. Enforcement actions and investigations into these platforms were ultimately dropped, including a court dismissal of broker allegations against Coinbase Wallet.

Flexibility for Developers
Amanda Tuminelli, Executive Director of the DeFi Education Fund, emphasized that the safe harbor is designed to be adaptable:

“Developers deserve clarity. Our hope is to provide guidelines that allow front-end developers to build without fear of being subjected to outdated requirements misaligned with modern technology.”

Why It Matters
Supporters argue that without a safe harbor, U.S. blockchain innovation risks being stifled by uncertainty and misapplied regulatory frameworks — potentially pushing development overseas.

@ Newshounds News™
Source: The Block

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“Tidbits From TNT” Wednesday Morning 8-13-2025

TNT:

Tishwash:  Iraqi Embassy in Washington: Iraq is not subordinate to any country's policy.

The Iraqi embassy in Washington confirmed on Wednesday that Iraq is not subordinate to any country's policies.

The embassy said in a statement received by ( IQ ): "In response to the statements made by the US State Department spokesperson during her recent press conference, we affirm that Iraq is a fully sovereign state and has the right to conclude agreements and memoranda of understanding in accordance with the provisions of its constitution and national laws, and in a manner consistent with its supreme interests."

He added, "Iraq enjoys friendly and cooperative relations with a large number of countries around the world, including its geographical neighbors, the United States of America, and other friendly countries, and is keen to build these relations on the foundations of mutual respect and common interests," stressing that "Iraq is not subservient to the policies of any country."

She pointed out that "Iraq's decisions stem from its independent national will. In this context, the security agreement recently signed with Iran comes within the framework of bilateral cooperation to maintain security and control the common border, in a way that achieves the stability and security of the two countries and serves the security of the region as a whole  link

Tishwash:  The Central Bank of Iraq discusses the banking reform plan with Oliver Wyman.

On Tuesday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed with the international company Oliver Wyman the details of the banking reform plan submitted by the Iraqi Private Banks Association, as part of efforts to develop the banking sector and align it with international standards.

The Central Bank stated in a statement received by Shafaq News Agency that Al-Alaq and the relevant team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan.

Al-Alaq confirmed in the statement that the Central Bank had completed an extensive discussion, during which attendees expressed an understanding of the points contained in the letter and ways to flexibly adapt some of the plan's provisions to facilitate implementation. The company has begun studying available avenues to present the best proposals and ideas in this regard as soon as possible.

The statement continued, "This is confirmed by what the bank announced during the months-long plan preparation period, which stated that the goal of the plan is to achieve a real project to build and stabilize the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest levels of efficiency and effectiveness, using the best practices and modern technologies."

The bank emphasized that the plan would "enhance local and international confidence in the Iraqi banking sector, particularly since implementing the plan and adhering to its provisions will lead to the restoration of relationships between all banks that meet the plan's requirements and internationally accredited correspondent banks, particularly those that do not currently have international banking relationships."  link

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

Tishwash:  The Ministry of Finance postpones the submission of the 2025 budget schedules, and first-half revenues exceed 60 trillion dinars.

Financial and economic affairs expert Haider Al-Sheikh revealed today, Tuesday (August 12, 2025), that the Ministry of Finance informed the General Secretariat of the Council of Ministers of postponing the submission of the federal budget tables for the year 2025.

In an interview with Baghdad Today, Al-Sheikh said, "The Ministry of Finance has officially informed the General Secretariat of the Council of Ministers that it will postpone sending the schedules for the draft federal budget law for 2025 until the relevant authorities complete the audit of the allocations."

He explained that "the Prime Minister's directive to the Ministry of Finance to release bonuses, promotions, and service calculations for state employees, as well as the Ministry of Finance's letter to the General Secretariat of the Council of Ministers, confirm that there are no budget schedules for this year."

He added, "Oil and non-oil revenues generated from January to July 2025 amounted to more than 60 trillion dinars, an amount sufficient to pay employee salaries as planned in last year's operating budget."

He stressed that "oil and non-oil revenues are expected to reach more than 130 trillion dinars by the end of this year, sufficient to pay the salaries of employees and retirees, the social safety net, in addition to food ration card and energy bills, and operating expenses."

The federal budget preparation process in Iraq faces recurring challenges, most notably the volatility of global oil prices, political pressures over allocations, and technical issues in auditing government spending. Delays in submitting budgets to the Council of Ministers and then Parliament often lead to the disruption of investment projects and the postponement of development plans. Meanwhile, the government continues to rely on operating expenses to cover salaries and basic expenses, a pattern that occurred in previous years when budgets were approved in the second half or even at the end of the year.  link

Mot:  Yeppers!! -- Every Time!!! 

Mot: ""Mots"" Tip on Keeping Ur Relationship Fresh They Say!!!!

Iraq Economic News and Points To Ponder Tuesday Afternoon 8-12-25

Central Bank: 80% Of Currency Stored In Homes, 10 Banks Liquidated

Time: 2025/08/12 12:50:23 Read: 1,170 times  {Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Al-Alaq, stressed that the Banking Reform Document (2025) represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings.  Al-Alaq pointed out in a press statement that "about (80%) of the Iraqi currency is stored outside banks in homes due to the lack of confidence in the banking system."

Al-Alaq explained that "the reform document aims to modernize banks according to international standards and attract global partnerships."

He revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customer deposits.  LINK

High Exchange Rate In Baghdad

Economy | 12/08/2025  Mawazine News - Baghdad -  Exchange rates against the Iraqi dinar witnessed a significant increase on Tuesday in local markets in Baghdad.  The prices were as follows:
- Selling: 141,500 Iraqi dinars for every $100. - Buying: 139,500 Iraqi dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=264941

Al-Alaq: The Reform Plan Aims To Stabilize The Iraqi Banking Sector And Enhance Local And International Confidence In It

Tuesday, August 12, 2025 | Economic Number of reads: 191  Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, stressed: "The banking reform plan aims to stabilize the Iraqi banking sector and enhance local and international confidence in it.

A statement by the Central Bank's media office said: "Al-Alaq and the specialized team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan."

Al-Alaq confirmed, according to the statement: "The Central Bank completed an extensive discussion in which the attendees expressed their understanding of the axes mentioned in the letter and ways to adapt some provisions of the plan flexibly to facilitate implementation steps.

The company began studying the available means to present the best proposals and ideas in this regard as soon as possible."

He pointed out: "The goal of what was stated in the plan is to reach a real project in building and stabilizing the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest degrees of efficiency and effectiveness and the use of best practices and modern technologies."

He stressed: "The plan will enhance local and international confidence in the Iraqi banking sector, especially since implementing the plan and adhering to its provisions will lead to restoring the relationships of all banks that meet the plan's requirements with internationally accredited correspondent banks, especially banks that do not currently have international banking relationships."   https://ninanews.com/Website/News/Details?Key=1246080

The Central Bank Unveils A Comprehensive Plan For Banking Reform

Economy | 12/08/2025   Mawazine News - Baghdad -  The Governor of the Central Bank, Ali Al-Allaq, announced a comprehensive plan for banking reform on Tuesday.

A statement issued by the bank stated that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Allaq, and the specialized team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan."

The statement added that Al-Allaq confirmed that "the Central Bank completed an extensive discussion in which the attendees expressed understanding of the axes mentioned in the letter and ways to adapt some provisions of the plan flexibly to facilitate implementation steps. The company has begun studying available means to present the best proposals and ideas in this regard as soon as possible."

The statement stressed that "the Central Bank, as announced during the months-long plan preparation period, the goal of what was stated in the plan is to achieve a real project to build and stabilize the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest levels of efficiency and effectiveness, using the best practices and modern technologies."

He continued, "The Central Bank affirms that the plan will enhance local and international confidence in the Iraqi banking sector, especially since implementing the plan and adhering to its provisions will lead to restoring the relationships of all banks that meet the plan's requirements with internationally accredited correspondent banks, especially banks that do not currently have international banking relationships."

According to the statement, the Central Bank thanked all banks for their interaction with the plan and their fruitful cooperation with the Central Bank to achieve common goals serving the public interest, stressing that "the success of the plan depends on the cooperation of all concerned parties."

He pointed out that "the bank has succeeded in many aspects during the past period and hopes to succeed in moving forward with this plan and completing it to the fullest extent." https://www.mawazin.net/Details.aspx?jimare=264969

Gold Prices In Local Markets

Tuesday, August 12, 2025 | Economic Number of reads: 173   Baghdad / NINA / Gold prices in the local markets in Iraq recorded a remarkable stability today, Tuesday, coinciding with the global gold ounce recording $3,354.  The following are the selling prices of mithqals in the local market:

21-carat mithqal: 662 thousand dinars.
18-carat mithqal: 567 thousand dinars.
22-carat mithqal: 693 thousand dinars.
24-carat mithqal: 756 thousand dinars. / https://ninanews.com/Website/News/Details?key=1246021

Basra Heavy and Medium Crude Oil Declines by About 2%

Economy | 12/08/2025  Mawazine News - Baghdad -  Basra Heavy and Medium crude oil prices fell in trading on Tuesday.   Prices were as follows:

- Basra Heavy crude prices fell 87 cents, or 1.33%, to $64.73.
- Basra Medium crude prices fell 87 cents, or 1.26%, to $67.98. https://www.mawazin.net/Details.aspx?jimare=264936

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-12-25

Good Afternoon Dinar Recaps,

91% of Investors Say US Stock Market is Overvalued, According to New Bank of America Survey

A record-high 91% of fund managers now believe the U.S. stock market is overvalued, according to the latest Bank of America (BofA) survey reported by Bloomberg. This marks the highest level of market overvaluation sentiment since 2001.

Key Findings from the Survey:

• Record pessimism on U.S. equities: 91% of respondents think U.S. stocks are overpriced.

• Shift toward foreign markets: Investor allocations to overseas markets have reached their highest levels since February, signaling a sentiment shift away from U.S. equities.

• Bubble risk warning: BofA strategist Michael Hartnett cautions that the recent rally could turn into a bubble, as cash levels have fallen to 3.9% of total assets — a historical signal of an impending sell-off.

• Emerging market optimism: A net 49% see emerging market (EM) stocks as undervalued, the highest level of EM optimism since February 2024.

Most Crowded Trades Identified:

• Long positions in the Magnificent 7 tech stocks

• Short the U.S. dollar

• Long gold

Top Tail Risks Cited by Investors:

• Trade war–induced recession

• Persistent inflation preventing Federal Reserve rate cuts

• Disorderly rise in bond yields

• AI-driven equity bubble

• U.S. dollar debasement

 @ Newshounds News™

Source: The Daily Hodl

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Death of the US Dollar Has Begun With BRICS Rebellion, Says Forecaster

American trend forecaster Gerald Celente warns that the BRICS alliance is poised to put the US dollar “on its death bed,” as member nations grow increasingly self-sufficient and independent from USD reliance.

In a podcast interview with journalist Rick Sanchez, Celente highlighted that China and India now possess robust economies capable of thriving without the dollar.

• China dominates global manufacturing, supplying the US and Western nations with essential goods.

• Russia, despite sanctions, is expected to see GDP growth of 1.4% in FY 2024–25.

• India is increasingly self-sustained through domestic manufacturing and job creation, with only 2% of its GDP tied to trade with the United States.

Celente emphasized that recent US tariffs on India, imposed by President Donald Trump, are unlikely to significantly impact India’s economy. “They’re becoming more self-sustaining and self-sufficient. They’re buying and making their own products, and the people are buying them there. That’s what used to be in America,” he said.

A Growing Economic Force

BRICS is now positioned as a collective financial powerhouse capable of shifting global market trends and policy directions. Should the bloc stop using the US dollar in trade, the resulting deficit could further weaken the currency.

“The world has had enough of the United States’ hegemony. The world is becoming fed up,” Celente stated, noting that China, once lacking heavy industry and high-tech capabilities, is now a leader in both — including the production of electric vehicles.

Celente concludes that this self-sufficiency is accelerating the dollar’s decline and solidifying BRICS’ role in the next phase of global economic realignment.

@ Newshounds News™
Source:  Watcher Guru

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“Tidbits From TNT” Tuesday 8-12-2025

TNT:

Tishwash:  Karmal partners with ZagTrader for Electronic Trading in Iraq

Karmal Brokerage has secured approval from the Iraq Stock Exchange (ISX) to launch a comprehensive digital transformation project in preparation for operations on the "Tabadul" electronic trading platform.

According to a press release, the initiative, the first of its kind in Iraq's financial market, supports the government's vision to enhance transparency and modernise trading infrastructure in line with international best practices.

Karmal will deploy the global ZagTrader platform to manage its front, middle, and back-office operations, integrate AI technologies, and implement anti-money-laundering (AML) and E-KYC procedures. The system will provide a secure, efficient, and fully integrated trading environment.

CEO Waseem Al-Jazrawi said the project will boost investor confidence and strengthen Iraq's financial market both regionally and internationally, praising the support from the Iraq Stock Exchange Board of Governors and the Iraqi Securities Commission (ISC).  link

Tishwash:  Relations: 10 banks are unable to return customer deposits, and lack of confidence keeps 80% of funds outside banks.

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday (August 12, 2025), that about 80% of the Iraqi currency is stored outside banks in homes due to the lack of confidence in the banking system.

Al-Alaq explained in a press statement followed by "Baghdad Today" that "the reform document for the year (2025) aims to modernize banks according to international standards and attract global partnerships," stressing that "the banking reform document represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings."

He also revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customers’ deposits.    link

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Tishwash:  Government advisor: Great stability in the Iraqi market and inflation falling to less than 3%

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the significant positive interaction in the Iraqi market has had a significant impact on its stability, noting that this success is evident in the decline in annual inflation rates to below 3%.

Saleh told Al Furat News Agency, "This remarkable decline in annual inflation rates indicates that expectations related to the exchange rate are moving toward calm and stability."

He added, "The parallel currency exchange market has begun to clearly follow the official market, and this trend is expected to continue until the end of this year, based on current economic data."

This development, according to Saleh, reflects "an improvement in overall economic performance and the success of monetary and government policies aimed at regulating markets and achieving the desired economic stability."  link

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

Tishwash:  The Prime Minister inaugurates the Bismayah Gas Investment Plant.

Prime Minister Mohammed Shia al-Sudani inaugurated this morning, Monday, August 11, 2025, the additional expansion unit of the Bismayah Gas Investment Plant.

The Prime Minister's Media Office noted that the expansion unit will add 300 megawatts to the station's output, bringing its total capacity to 5,000 megawatts.

Bismayah Power Plant is located east of the capital, Baghdad, and operates on a combined cycle system. The plant consists of three stages, each stage consisting of six generating units, four of which are gas-fired and two steam-fired, which brings the total number of production units to 18 units (12 gas-fired units and 6 steam-fired units) with a total capacity of 4,500 megawatts  link

**

Mot:  . Lets Go ""Camping"" -- It Will Beeeeee Fun They Say!!!!

Mot:  . Now Ya Knows 2 !!!!! 

Seeds of Wisdom RV and Economic Updates Tuesday Morning 8-12-25

Good Morning Dinar Recaps,

SEC to Focus on ‘Clear’ Crypto Regulations After Ripple Case

Five-Year Legal Battle Ends
The United States Securities and Exchange Commission (SEC) is preparing to pivot toward building a clear regulatory framework for cryptocurrency after concluding one of the industry’s most closely watched legal disputes.

Last Thursday, both the SEC and Ripple Labs filed to drop their legal appeals and bear their own costs, officially ending an almost five-year courtroom battle.

• Hester Peirce, SEC Commissioner, called the conclusion a “welcome development” that frees up resources for rulemaking.

• SEC Chair Paul Atkins echoed the sentiment, stating the focus should now shift “from the courtroom to the policy drafting table” to create rules that foster innovation while protecting investors.

Case History & Ruling

• SEC sued Ripple in December 2020, alleging $1.3 billion in unregistered XRP securities sales.

• In July 2023, Judge Analisa Torres ruled XRP was not a security for retail sales, but was for institutional sales.

• Ripple was fined $125 million in August 2024.

Legislative Push: The CLARITY Act
The case’s conclusion coincides with the advance of the Digital Asset Market Clarity Act (CLARITY Act), which seeks to define the structure of digital asset markets.

• Republican lawmakers and the Senate Banking Committee aim to pass the bill by Sept. 30.

• Opposition is mounting from key Democratic members, who label the bill “dangerous.”

Political Divide on Crypto Policy

• Rep. Maxine Waters (D-CA) criticized Republicans for “fast-tracking” both the CLARITY Act and the Anti-CBDC Surveillance State Act, which would prohibit the launch of a U.S. central bank digital currency.

• The clash highlights deepening partisan divides over the future of crypto regulation.

@ Newshounds News™
Source:  Cointelegraph

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Payment Giant Stripe Building ‘Tempo’ Blockchain with Crypto VC Paradigm: Report

Strategic Partnership Targets Fortune 500 Integration
Payments giant Stripe is developing Tempo, a high-performance Layer 1 blockchain for payments, in collaboration with crypto venture capital firm Paradigm. This initiative follows Stripe’s recent $1.1 billion acquisition of Bridge (a stablecoin infrastructure provider) and purchase of wallet developer Privy.

The project, described as Ethereum-compatible, reportedly involves a five-person team targeting Fortune 500 companies. Paradigm’s Matt Huang, a member of Stripe’s board, is partnering on the build, aiming to create a full-stack crypto infrastructure spanning wallets, stablecoins, and blockchain processing.

Building a Complete Crypto Payments Stack
Stripe’s blockchain move comes after a methodical acquisition strategy:

• Bridge — stablecoin payments platform.

• Privy — wallet infrastructure.

Tempo would enable Stripe to control the server layer for processing stablecoin transactions, creating end-to-end crypto payment solutions.

Stripe’s Crypto Evolution

• Entered crypto in 2014, becoming the first major processor to support Bitcoin.

• Paused Bitcoin support due to inefficiencies.

• Rebuilt blockchain team in 2021.

• Expanded crypto initiatives throughout 2024.

• Launched stablecoin payments in 70 countries (October 2024).

• Rolled out Stablecoin Financial Accounts in 101 countries.

• Currently supports Circle’s USDC and Bridge’s USDB.

Earlier in 2024, Stripe partnered with Ramp to launch stablecoin-backed corporate cards, initially in Latin America, later expanding to Europe, Africa, and Asia.

Regulatory Boost from the GENIUS Act
CEO Patrick Collison told Congress in March that stablecoins had matured significantly. The GENIUS Act, passed in July, provided the regulatory clarity needed for large-scale corporate adoption.

Corporate Rush Into Stablecoins

• Market capitalization: now over $250 billion.

• Ripple CEO Brad Garlinghouse projects $1–2 trillion within a few years.

• MetaMask planning “MetaMask USD” via Stripe infrastructure.

• Western Union, Interactive Brokers, and Remitly all advancing stablecoin pilots.

• Major retail players (Amazon, Walmart, JD.com, Alipay) exploring integration.

Dollar Dominance via Stablecoins
Federal Reserve Governor Christopher Waller stated that 99% of stablecoin market cap is USD-linked, arguing that this trend helps keep the U.S. dollar as the world’s reserve currency by boosting global accessibility.

Strategic Impact
Stripe’s Tempo blockchain could:

• Capture stablecoin processing in-house.

• Enable instant adoption through Stripe’s millions of merchant connections.

• Position Stripe at the center of the global stablecoin economy.

@ Newshounds News™
Source:  Cryptonews

~~~~~~~~~

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