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

Good Morning Dinar Recaps,

Fed Chair Powell Signals September Rate Cut, Warns on Inflation Risks

Federal Reserve Chair Jerome Powell’s Jackson Hole speech provided clarity for traders on U.S. monetary policy, confirming a likely September rate cut while warning about inflation risks. His remarks lifted both stock markets and crypto assets, even as he ruled out a long series of cuts.

A Likely Cut, But With Caution

Powell told the audience that U.S. monetary policy is already “in restrictive territory.”

• Risks around jobs and inflation are shifting.

• He acknowledged that “downside risks to employment are increasing” but stressed the labor market remains strong and the economy has shown resilience.

• For this reason, the Fed is not ready to commit to multiple cuts after September.

Tariffs Put Pressure on Prices

A central concern for Powell is the inflationary impact of tariffs.

• “The effects of tariffs on consumer prices are now clearly visible,” he said.

• The Fed expects these effects to accumulate over the coming months with high uncertainty.

• Powell cautioned that while some price pressures may be temporary, the risk of stagflation—high inflation combined with weaker growth—is real and something the Fed intends to avoid.

Fed Updates Its Playbook

Powell also announced a significant shift in the Fed’s operating framework.

• The central bank has dropped its 2020 “makeup strategy,” which allowed inflation to overshoot the 2% target.

• It has returned to a flexible inflation-targeting approach designed to keep long-term expectations anchored.

• “Our revised statement emphasizes our commitment to act forcefully to ensure that longer-term inflation expectations remain well-anchored,” Powell said.

This adjustment reflects changes in the U.S. economy over the past five years, including higher inflation pressures and major shifts in trade, tax, and immigration policy.

Market and Crypto Reaction

Markets reacted positively to Powell’s remarks.

• The Dow Jones surged more than 600 points, closing at a record high of 45,548.

• U.S.-listed crypto stocks climbed, as lower interest rate expectations tend to improve liquidity and risk appetite.

For digital assets, Powell’s cautious signal is key: while lower rates support crypto markets, the Fed’s guarded stance on inflation means the path ahead remains uncertain.

@ Newshounds News™
Source: Coinpedia

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Fed Governor Waller: Embrace Blockchain and Payment Innovations

Federal Reserve Governor Christopher Waller called on the central bank to embrace new technologies—including blockchain, stablecoins, and digital assets—arguing they are essential for the future of payments and U.S. dollar strength.

A Technology-Driven Revolution in Payments

Speaking at the Wyoming Blockchain Symposium 2025, Waller said the U.S. payments system is undergoing a “technology-driven revolution” fueled by advances in computing power, data processing, and distributed networks.

While some remain skeptical of these changes, Waller stressed that the history of payments has always been defined by technological progress.

Stablecoins and the U.S. Dollar’s Global Role

Waller highlighted stablecoins as a particularly important innovation.

• They can support the international role of the U.S. dollar, ensuring it remains the anchor currency in global finance.

• Stablecoins also have the potential to improve both retail and cross-border payments, making transactions faster and more efficient.

“The technologies available today might be new, but leveraging innovative technology to build new payment services is not a new story,” Waller noted.

Fed and Private Sector Collaboration

According to Waller, the reliability of the U.S. payments system has historically come from partnerships between the Federal Reserve and private industry.

• The Fed should continue to embrace innovation to modernize its services.

• Stronger engagement with fintech innovators and the digital asset ecosystem will help ensure the U.S. financial system remains competitive and resilient.

“It is important for the Federal Reserve to continue to embrace technological advancements to modernize its services and continue to support private sector innovation… particularly as there is increased convergence between the traditional financial sector and the digital asset ecosystem.”

@ Newshounds News™
Source: The Daily Hodl

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Ripple vs SEC Lawsuit Officially Ends After Appeals Dismissed

The nearly five-year legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially come to a close, as the Second Circuit Court dismissed both parties’ appeals.

Court Confirms Dismissal

According to a one-page filing shared by defense lawyer James K. Filan, the Second Circuit approved the joint stipulation by Ripple and the SEC to withdraw their appeals.

The order, signed by Clerk Catherine O’Hagan Wolfe, was marked simply as “So Ordered”—effectively bringing one of the most high-profile cases in crypto history to an end.

Background on the Appeals

• In October 2024, the SEC appealed Judge Analisa Torres’ ruling that Ripple’s programmatic XRP sales and certain distributions were not investment contracts.

• Ripple, in turn, cross-appealed the part of the case it lost, challenging the decision that institutional sales of XRP violated securities laws.

Judge Torres imposed a $125 million fine and a permanent injunction restricting Ripple from institutional XRP sales without SEC registration.

When a new pro-crypto administration took office in January, both Ripple and the SEC agreed to settle by reducing penalties and removing restrictions. However, Judge Torres denied the proposed revisions, leaving both parties to formally withdraw their appeals.

What the Final Judgment Means

• The lower court rulings remain intact, including Judge Torres’ finding that XRP itself is not a security.

• Ripple must pay the $125 million fine, already held in escrow, to the SEC.

• Future institutional XRP sales must be registered with the SEC to comply with securities laws.

Ripple and XRP Moving Forward

For investors, this closure removes one of the largest uncertainties hanging over XRP since the SEC’s lawsuit began in December 2020.

With the case resolved, XRP has rallied alongside the broader crypto market:

• Price: $3.03 (up 5.82% in the past 24 hours)

• Market Cap: $180.29 billion

This development secures Ripple’s legal position in the U.S. while allowing the company to focus on its global payments and stablecoin expansion strategy.

@ Newshounds News™
Source: The Crypto Basic   

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Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-22-25

Good Afternoon Dinar Recaps,

Currency Wars: BRICS SWIFT Alternative vs. U.S. GENIUS Act Stablecoin Strategy

The global financial order is entering a new phase of intense competition. On one side, BRICS nations are building a SWIFT alternative designed to bypass Western-controlled payment systems. On the other, the United States is advancing the GENIUS Act, which cements the role of USD-backed stablecoins in international finance.

Together, these initiatives mark a historic confrontation over the future of payments, trade, and monetary dominance.

BRICS SWIFT Alternative: The Push for De-Dollarization

At the 17th BRICS Summit in Rio de Janeiro, leaders formally unveiled plans for a new cross-border payment system. This initiative is framed as a direct alternative to SWIFT and represents the most serious challenge yet to U.S. financial dominance.

Key features of the BRICS system include:

• Integration of Russia’s SPFS, China’s CIPS, and India’s UPI networks

• A decentralized messaging framework capable of processing 20,000 transactions per second

• No mandatory transaction fees and flexible currency conversion options

The BRICS plan is rooted in the need for financial independence. U.S. sanctions, particularly on Russia, have accelerated efforts to create a parallel system free of Western influence. If successful, the BRICS payment system could reduce reliance on the U.S. dollar in global trade.

The U.S. GENIUS Act: Securing Digital-Dollar Supremacy

In sharp contrast, the United States is working to fortify its currency dominance through the GENIUS Act (Guaranteeing Emergency National Infrastructure for USD Stablecoins).

The GENIUS Act establishes:

• Strict regulations for stablecoin issuers

• A requirement for full USD-backed reserves

• A framework to make regulated stablecoins the global standard

With stablecoin circulation surpassing $266 billion, the U.S. strategy effectively digitizes dollar dominance. By anchoring the global digital economy to tokenized dollars, the U.S. ensures its currency remains the foundation of international liquidity, settlement, and trust.

Competing Strategies: East vs. West

• BRICS Strategy: Build an alternative network to reduce reliance on the dollar and escape U.S. leverage over payments.

• U.S. Strategy: Strengthen dollar dominance by embedding USD-backed stablecoins into global trade.

Both strategies address the same reality: the future of money is digital. The difference lies in whether that future will be multipolar or dollar-centric.

Outlook: Parallel Payment Systems Ahead

The competition between BRICS and the United States could shape the monetary order for decades to come:

• If BRICS Pay succeeds, it will accelerate de-dollarization and challenge U.S. economic influence.

• If the GENIUS Act succeeds, it will extend U.S. dominance into the digital era through regulated stablecoins.

The likely outcome may not be a clear winner but rather a fragmented global system—with parallel payment networks reflecting the divide between East and West.

What is certain is that the battle for financial dominance is no longer theoretical. It is being fought today across technology, legislation, and trade alliances—and its resolution will redefine the balance of global power.

@ Newshounds News™

Sources & Research Basis:
This article is a compilation of reporting, data, and commentary drawn from multiple sources over the past six months, including international policy statements, financial market data, and global news coverage surrounding BRICS initiatives and U.S. stablecoin legislation.  

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“Tidbits From TNT” Friday 8-22-2025

TNT:

Tishwash:  Trade: Iraq has completed the technical files to join the World Trade Organization.

Minister of Trade Athir Dawood Al-Ghariri announced that Iraq has completed the technical requirements for joining the World Trade Organization after two decades of challenges.

Al-Ghariri stated in a statement that "Iraq has completed all the technical files required to join the World Trade Organization, after a negotiating process that spanned more than twenty years, during which Iraq faced numerous challenges and delays."

The minister explained that "this achievement was accomplished during the term of the current government, through intensive, qualitative efforts that surpassed what was accomplished in all previous stages combined," stressing that "Iraq is now in an advanced position paving the way for fulfilling the requirements for full membership."

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

He continued: "The team also prepared accurate answers to (175) questions and inquiries submitted by the member states of the organization, while the Iraqi customs system was updated to the latest version in line with international standards and enhancing Iraq's readiness for the next stages."
The minister confirmed that "the files will be officially submitted to the WTO Secretariat through diplomatic channels, in preparation for the next meeting of the working group."

Al-Ghariri concluded by saying, "What has been achieved is the fruit of the government's extensive support, continuous coordination with all ministries and national institutions, and the efforts of the Department of Foreign Economic Relations in leading this strategic path, with the goal of strengthening Iraq's position in the global trading system, serving its national economy, and achieving sustainable development.  link

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Tishwash:  Al-Sudani and the Venezuelan ambassador discuss activating memoranda of understanding and agreements related to air transport.

 Prime Minister Mohammed Shia al-Sudani discussed bilateral relations and ways to enhance them in various fields, including cooperation within the framework of OPEC, with the Venezuelan Ambassador to Iraq, Arturo Anibal Caicos Ramirez, on Thursday.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "the meeting discussed bilateral relations and ways to strengthen them in various fields, through activating memoranda of understanding and agreements, particularly those related to air transport services and cooperation within the framework of OPEC."

During the meeting, Al-Sudani affirmed that "Iraq is committed to enhancing coordination within the framework of oil policies, including the exchange of technical expertise and cooperation to ensure stability in oil markets." He also praised Venezuela's role in OPEC and its commitment to controlling global oil prices.

Al-Sudani praised the Venezuelan government's supportive stance on the Palestinian cause, noting the importance of exerting efforts to halt the crimes and violations perpetrated by the Zionist occupation forces against the Palestinians and to end the humanitarian suffering in the Gaza Strip.

For his part, the Venezuelan ambassador conveyed the greetings of the President of the Republic of Venezuela to the Prime Minister, his desire to strengthen bilateral relations, and his appreciation for Iraq's role in peacemaking and maintaining international stability and peace, especially in light of the progress and prosperity the country is witnessing in the areas of security, economy, reconstruction, and development.  link

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Tishwash:  Norwegian company resumes oil production in the Kurdistan Region. 

A Norwegian company has resumed oil production in the Kurdistan Region, after a nearly month-long shutdown following drone attacks on several fields in the region .

Norwegian oil company  DNO announced on Thursday, August 21, 2025, the resumption of oil production at its Tawke and Pashkabir fields in the Kurdistan Region of Iraq, after it was halted last month due to drone attacks in the region .

Shares of the Norwegian company, which also raised its dividend on Thursday, rose 11.6% in morning trading, according to the Washington-based energy platform, following the announcement of the resumption of oil production in Iraqi Kurdistan .

The Norwegian company's fields were among five oil fields in Iraqi Kurdistan that were targeted by drone attacks in mid-July, disrupting approximately 150,000 barrels per day of the region's total production, estimated at 250,000–300,000 barrels per day .

“The company resumed production from the Tawke field in early August on a trial basis, while production from the Beshkabir field resumed later in the month ,” DNO said in a statement accompanying its second-quarter earnings report.

She noted that the attacks hit surface processing equipment in the Bashkabir field and an oil storage tank in the Tawke field, adding that no one was injured .

She added that while the months-long repairs are still pending, the company has increased its total production on a trial basis to 55,000 barrels of oil equivalent per day, split almost equally between the Tawke and Peshkabir fields .

The company's average oil production in Kurdistan was 82,100 barrels of oil equivalent per day in the first quarter, but declined by 9% in the second quarter, reaching approximately 74,760 barrels per day .

The company explained that the production decline in Iraqi Kurdistan was the result of an operational shutdown imposed by market disruptions, during which DNO used the time to conduct maintenance and conversions scheduled for later this year .

The Norwegian company, which owns 75% of the Tawke license, where the Tawke and Peshkabir fields are located, announced that it aims to increase oil production in Kurdistan to 100,000 barrels of oil equivalent per day in the long term .

The Tawke field, along with the Bashkabir field, forms a single concession operated by the Norwegian oil and gas company DNO in partnership with Genel Energy, which holds a 25% stake. The concession is located in the Zakho region, near the Turkish border .

The Tawke field is one of the oldest fields to enter production in Kurdistan, having been in operation since 2007, and currently produces approximately 29,000 barrels per day .

The field's recoverable reserves are estimated at between 150 and 370 million barrels, making it a key pillar of Iraqi Kurdistan's oil landscape .

The Beshkabir field was discovered in 2016 and began production in 2017. It produces approximately 49,000-54,000 barrels per day, with cumulative production reaching more than 100 million barrels by March 2023 .

On August 13, Gulf Keystone Petroleum announced the resumption of production at the Shaikan oil field, which was also subjected to drone attacks   link

Mot:  It is Amazing What Ya Can Do On Your Own!! -- HUH!!! 

Mot:  Ya Know Those Questions That Keep YOU UP at Night!!!

Iraq Economic News and Points To Ponder Friday Morning 8-22-25

The Central Bank Indicates A Decline In The Rates Of Exported Currency And Inflation In Iraq.
 
Energy and Business     Iraq     Central Bank     inflation     Issuing currency rates   
2025-08-21 01:25   Shafaq News – Baghdad  The Central Bank of Iraq revealed on Thursday a     decline in the country's currency exports and     inflation for the second half of 2025.  

The bank said in a report seen by Shafaq News Agency that  "the currency issued by the bank recorded a 3.8% decline in the average rate in the second half of 2025, reaching 98.4 trillion dinars, compared to its value of 102.3 trillion dinars in the second quarter of 2024."

He added, "The decline in the issued currency  has contributed to a decline in the inflation rate, which maintains the stability of the general price level." The bank's report also indicated that "the inflation rate decreased by 76% in the second half of 2025, reaching 0.8%, compared to the second quarter of 2024, which reached 3.3%."

He stressed that   "the decline in the inflation rate     indicates a decline in the general price level and
     leads to an improvement in the purchasing power of individuals and institutions."
 
Issued currency is defined as:     the currency issued by the Central Bank of Iraq into circulation (i.e., printed),    excluding the currency in the vaults of the Central Bank.    
  
https://shafaq.com/ar/اقتصـاد/البنك-المركزي-ي-شر-انخفاضا-بمعدلات-العملة-المصدرة-والتضخم-في-العراق 

Investment Authority: We Have Developed A Plan To Attract Investments Worth $250 Billion.
  
Baghdad - INA - Nassar Al-Hajj  The National Investment Commission announced on Wednesday that 
     investment projects have served six vital sectors and    reduced reliance on oil. It also indicated a
     plan to attract $250 billion in investments over the next two years.
 
"The government's supportive investment orientations and legislative and regulatory reforms have succeeded in attracting Arab and foreign investments exceeding $100 billion in various economic sectors over the past two years," Hanan Jassim, the commission's spokeswoman, told the Iraqi News Agency (INA).  She added,
 
"Investment in Iraq has had a direct impact on   driving sustainable development and   diversifying sources of income," noting that "investments have been directed toward vital sectors such as  industry,   infrastructure,  housing,  energy,  education, and   health, contributing to the  creation of new job opportunities and  increasing the size of the gross domestic product,  which represents an important step toward reducing dependence on oil as the primary source of revenue." 

She continued,  "Recent years have witnessed remarkable progress thanks to government measures and programs adopted by the Authority,     most notably the activation of the single window,     joining international agreements to protect and encourage investment, and    developing an integrated investment map   that includes more than 100 strategic investment opportunities in diverse sectors."

She explained that "the investment steps have     boosted investor confidence and  contributed to positioning Iraq among the region's promising destinations," noting that "an ambitious plan has been put in place to attract up to $250 billion over the next two years."
 
Regarding Prime Minister Mohammed Shia al-Sudani's directives to remove obstacles facing the private sector and adapt laws to serve industrial development plans, she explained that
 
"the National Investment Commission is working to align investment legislation with the directives by
     simplifying procedures,  reducing red tape,  expanding the scope of public-private partnerships, and
     providing flexible incentives and solid legal guarantees." 

She pointed out that "these measures will     enhance the effectiveness of existing investments and
     increase Iraq's attractiveness  as a safe and stable investment environment,    serving the goals of comprehensive economic development."    https://ina.iq/ar/economie/241392-250.html 

A National Team To Improve Iraq's Credit Rating: An Economic Bet To Gain Global Confidence And Free The Economy From "Oil Restrictions."
 
August 21, 2025  Baghdad / Iraq Observer  As Iraq approaches a pivotal stage in its economic trajectory, 
Prime Minister Mohammed Shia al-Sudani on Wednesday
directed the formation of a joint national team to improve the country's sovereign credit rating.
 
This move has been described as a serious attempt to
     reshape Iraq's financial image in the eyes of the international community,
     enhance investment opportunities, and   reduce the cost of external borrowing.
 
This move comes at a time when the Iraqi economy faces major challenges, ranging from a chronic fiscal deficit,     near-total dependence on oil revenues, and severe fluctuations in global energy markets.
 
*Important Features Of Reform
 
According to a statement issued by the Prime Minister's media office,  the new team will be headed by the Governor of the Central Bank of Iraq, and  will include   representatives from the Ministries of Finance, Oil, Planning, and the Securities Commission, in addition to the  Prime Minister's Office and a  number of economic and banking institutions.
 
This team will be tasked with     developing an integrated strategy to improve Iraq's credit rating, with
    clear and measurable objectives,  periodic reports to be submitted to official bodies, and
    direct coordination with international credit rating agencies,   most notably Fitch, S&P, and Moody's.

According to the statement, the strategy will include   strengthening financial governance,
 risk management, and   developing the business environment in line with economic reform plans, with a focus on  diversifying national income sources and   reducing reliance on oil as the sole primary resource.
 
*Credit Rating: What Does It Mean for Iraq?
 
A country's sovereign credit rating     reflects the government's ability to meet its financial obligations and   is a pivotal tool in  determining borrowing costs and    attracting foreign investment.
 
Iraq,     which relies on oil exports for more than 90% of its financial resources,     finds itself vulnerable to the risks of energy price volatility,     weakening its standing with rating agencies.
 
Economic expert Ahmed Abdel Rabbo explains to Iraq Observer that the importance of 
improving Iraq's credit rating lies in three main axes:
 
"The first is reducing the cost of borrowing.
 
Each notch higher in the rating reduces interest rates on sovereign loans, freeing up huge sums that can be invested in development projects."
 
The second is "attracting foreign investment.
 
Investors tend to direct their funds toward countries with higher ratings,which could open the door to new capital flows into Iraq."
 
The third axis, according to Abdul Rabbo, is"enhancing confidence in the national economy.
 
A good rating reflects the   government's commitment to its debts and
     conveys a positive image of the stability of the financial system." Abdul Rabbo adds that
 
"forming the national team is a step in the right direction, but he stresses the need for artistic work to be coupled with      real political and economic steps, such as  rationalizing public spending, combating corruption, and     diversifying the economy away from oil."
 
*Politics and economics in one balance
 
Standard & Poor's affirmed Iraq's rating at B-/B with a stable outlook last February.

Despite the country's solid foreign exchange reserves, the agency noted the existence of real risks that could lead to a downgrade, most notably:
"a weak institutional framework and   political uncertainty, a  lack of economic diversification and    overreliance on oil,  security and political risks that make the economic situation unpredictable, and the potential for public finances to be impacted by a sharp or prolonged decline in oil prices."
 
According to the agency's report, any deterioration in the government's ability to manage public debt
or increased budget pressures     could lead to negative rating decisions.
 
*Fiscal deficit and public debt: worrying figures
 
Iraq suffers from a persistent financial deficit in its annual budgets due to the expansion of operating expenses, particularly  salaries for the massive public sector, which consumes the majority of revenues.
 
In light of these burdens, the public debt is rising,
     increasing the risk that the government will be unable to meet its obligations without relying on oil.
 
Economist Abdul Rabbah points out that "inflexible fiscal policies and unplanned expenditures are among the biggest challenges facing Iraq," explaining that  improving its credit rating will not be possible unless these structural imbalances are addressed.    
https://observeriraq.net/فريق-وطني-لتحسين-التصنيف-الائتماني-لل/   

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

A BIG Change To The Iraq Dinar: Economic Ninja

A BIG Change To The Iraq Dinar

Economic Ninja:  8-21-2025

A huge change just happened for the Iraqi Dinar and its value.

Not only in country- but around the world .

This is huge, great news for investors… I want to keep people grounded. But there are 2 stories that make the dinar more valuable right now .

https://www.youtube.com/watch?v=tnfU6AGvAwQ

Iraq Economic News and Points To Ponder Thursday Evening 8-21-25

Gold Declines Slightly After The Release Of The Minutes Of The US Federal Reserve Meeting

Thursday, August 21, 2025, | Economic Number of readings: 137  Baghdad/ NINA / Gold prices fell slightly after the minutes of the Federal Reserve's July meeting showed agreement to keep interest rates steady.  Gold fell at the beginning of spot transactions by 0.2 percent to $3,340.09 per ounce, while US gold futures for December delivery fell by 0.2 percent to $3,382.30.

Silver also lost 0.2 percent during spot transactions to $37.83 per ounce, platinum by 1 percent to $1,326.93, and palladium by 0.8 percent to $1,105.12. /End https://ninanews.com/Website/News/Details?key=1247522

Al-Sudani: The Presence Of Major Oil Companies In Iraq Reflects The Government's Interest In The Energy Sector.

Energy   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani received Shannon Slocum, CEO of Halliburton, an American oil and energy company, and his accompanying delegation on Thursday.

Al-Sudani stressed that the presence of major oil companies in Iraq reflects the government's interest in the energy sector in Iraq and its efforts to develop it according to modern international standards and through the best energy companies.

He emphasized the government's vision for developing the oil and gas sectors and its keenness to ensure that development takes place with the highest possible capabilities provided by advanced technology, and Iraq's continued expansion of its use of associated gas and the production of petroleum derivatives, according to a statement from his media office received by the "Wadeh" platform.

Al-Sudani pointed out the importance of expanding the scope of work with Halliburton, given its expertise and capabilities in the fields of extraction and refining, and its possession of modern global technologies. He affirmed his support for the company's work in developing the Nahr Bin Omar and Sindbad fields in Basra Governorate.

For his part, Slocom affirmed Halliburton's interest in operating in Iraq, given the country's progress across all sectors, its stability, and its openness to major international industrial companies. He explained that the company is committed to providing the latest technological developments in oil and gas fields, after finalizing the contract model.

He also stated that the company will employ modern administrative and technical methods in its work, and is committed to developing the skills of the Iraqi cadres working with it.  https://economy-news.net/content.php?id=59069

Oil Prices Maintain Gains

Time: 2025/08/21 07:25:18 Read: 480 times  {Economic: Al Furat News} Oil prices maintained their gains after U.S. crude inventories recorded their largest decline since mid-June, remaining well below the seasonal average.

Brent crude traded around $67 a barrel after rising 1.6% on Wednesday, while West Texas Intermediate crude held steady around $63.

Data from the Energy Information Administration showed that US crude inventories fell by 6 million barrels last week. Gasoline inventories also fell for the fifth consecutive week.

Trump's Policies Pressure the Market

Despite the recent rally, oil prices remain down more than 10% since the beginning of the year due to concerns about the repercussions of US trade policies, while the OPEC+ alliance ended its voluntary cuts. These factors have increased expectations of a market glut once peak summer demand subsides. Traders are also monitoring developments in efforts to reach a ceasefire in the war in Ukraine.  LINK

The Iraq Stock Exchange Exceeds 70 Billion Dinars In Trading Value In One Week.

Stock Exchange   Economy News – Baghdad  The Iraq Stock Exchange announced on Thursday that it had traded shares worth more than 70 billion dinars during five trading sessions this week, which is drawing to a close.

According to trading indicators, the number of shares traded this week exceeded 68 billion, with a value exceeding 70 billion dinars.

The ISX60 market index closed the first session of the week at (941.21) points, while the index closed at the end of the week at (927.67) points, achieving an increase of (1.59%) over its closing at the beginning of the session.

The ISX15 index closed the first session of the week at 1113.66 points, while the index closed at the end of the week at 1119.00 points, achieving an increase of 0.53% over its closing at the beginning of the session.

During the week, (4712) buy and sell contracts were executed on shares of companies listed on the market.    https://economy-news.net/content.php?id=59070

Under The Patronage Of The Prime Minister, The Securities And Commodities Authority Announces Tangible Achievements In Four Areas.
 
Yesterday, 14:58  Baghdad – INA  The Securities Commission announced on Wednesday
  tangible achievements in four areas, noting that  these accomplishments constitute a fundamental pillar of a comprehensive strategy aimed at making the Iraqi market   a vital contributor to the national economy and  an attraction for local and foreign investment.
 

The Chairman of the Commission, Faisal Al-Haimus, said in a statement received by the Iraqi News Agency (INA):
 
“The Commission has achieved qualitative achievements in developing the capital market under the auspices of the government of Prime Minister Mohammed Shia Al-Sudani,” noting that
 
“a qualitative leap and tangible achievements have been achieved in the Iraq Stock Exchange during the years (2024-2025), within the framework of the directives and continuous support of the government of Prime Minister Mohammed Shia Al-Sudani,  which reflects the government’s firm commitment to  stimulating the investment environment and   consolidating the foundations of financial stability in the country.” 

He explained that  "these achievements, which encompass     legislative,     technical, and     regulatory aspects,aim to  develop the financial market's infrastructure,  enhance transparency,  protect investor rights, and   achieve alignment with international standards."

He pointed out that "the most prominent milestones that have been achieved are:
 
First: On the legislative and regulatory level:
 
The draft Securities Law was approved, its preparation was completed, and it received Cabinet approval. It is now before the House of Representatives for the second reading.
 
- Approval of the internal regulations of the Iraq Stock Exchange and the organizational structure, as well as the internal regulations of the Iraqi Depository Center.
 
- Activating new regulations that include margin trading, licensing brokerage firms, and exchanging listed shares for new listed shares.
 
- Regulating the return of shares of listed companies after general assembly meetings and xat fair indicative prices.
 
- Activating the unified chest health system to enhance the accuracy and efficiency of operations.
 
Second: On the level of developing infrastructure and technology:
 
Digital transformation and enhanced transparency by
     modernizing trading mechanisms in cooperation with specialized companies.
 
- Supervising the emergency storage project (HOT/DR Backup), which is
     currently in the final preparation phase to ensure the continuity of the market’s operations.
 
- Developing electronic disclosure systems.
     Renewing the license for the trading system (Xstrem) to immediately disclose the
          financial status of companies and       interest rates directly on the trading platform.
 
- Establishing an electronic archiving system and     activating and fully operating its stations.
 
- Establishing an electronic information station for the Authority to serve the public and investors.
     Available on the website.

Third: On the level of developing trading mechanisms and diversifying services:
 
Launching a new trading platform to allow small shareholders of companies that do not disclose their financial data to trade.
 
- Launching a platform for trading over-the-counter (OTC) stocks,  where (19) companies have been listed so far.
 
- Launching a new price index (ISX15), which is the first index in the market that relies on the market value of free float shares  to calculate the weights of the companies that comprise it.
 
     Launching electronic trading platforms via smart devices in cooperation with brokerage firms
     to facilitate access to the market.
 
Fourth: At the level of international cooperation and capacity building:
 
Signing a Memorandum of Understanding with the Abu Dhabi Securities Exchange, under the patronage of the Prime Minister,  with the aim of strengthening relations between the two countries' financial markets and creating joint investment and trade opportunities.
 
Signing a memorandum of understanding with the Egyptian Financial Regulatory Authority to
  exchange expertise and information and   raise levels of transparency and efficiency in accordance with best practices.
 
- An agreement with the British Institute for Securities and Investment to develop the performance of the sector’s workforce.
 
- Agreement with the Egyptian company (ESG) to  develop infrastructure and   enhance online trading. 

He stressed that  "these achievements constitute a fundamental pillar of a comprehensive strategy aimed at making the Iraqi Stock Exchange     a vital contributor to the national economy and     an attraction for both local and foreign investment."    
  
https://ina.iq/ar/economie/241388-.html  

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

Iraq Economic News and Points To Ponder Thursday Afternoon 8-21-25

Central Bank Governor: We Are Witnessing Highly Fluid External Transfers Of All Major Currencies.
 
Wednesday, August 20, 2025 10:59 | Economic   Number of readings: 223  Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Wednesday, that almost all major currencies are covered, while noting that the Central Bank is witnessing smooth and highly fluid foreign exchange operations in all currencies.
 

Al-Alaq said, according to the official agency:
 
"The foreign transfer process has witnessed significant development over the past two years,
both in terms of method,     approach, and     organization, as well as through  direct communication and
 direct transfer between Iraqi banks and approved correspondent banks." 

 He added,  "This expansion is not only in the  number of correspondent or transfer banks, but also in the  number of currencies," noting that
 
"the Central Bank covers almost all the currencies used by Iraq for large-scale trade."  He stressed that 
"the Central Bank is currently witnessing transfer operations in almost all major currencies, and they are taking place smoothly and with high fluidity."  /End 9  
  
https://ninanews.com/Website/News/Details?key=1247321 

Central Bank: Decline In The Issued Currency And Inflation In The Second Half Of 2025

Banks   Economy News – Baghdad   The Central Bank of Iraq revealed on Thursday a decline in the country's currency exports and inflation for the second half of 2025.

The bank stated in a report that "the currency issued by the bank recorded a 3.8% decline in the average rate in the second half of 2025, reaching 98.4 trillion dinars, compared to its value of 102.3 trillion dinars in the second quarter of 2024."

He added, "The decline in the issued currency has contributed to a decline in the inflation rate, which maintains the stability of the general price level."

The bank's report also indicated that "the inflation rate decreased by 76% in the second half of 2025, reaching 0.8%, compared to the second quarter of 2024, which reached 3.3%."

He stressed that "the decline in the inflation rate indicates a decline in the general price level and leads to an improvement in the purchasing power of individuals and institutions."

Issued currency is defined as: the currency issued by the Central Bank of Iraq into circulation (i.e., printed), excluding the currency in the vaults of the Central Bank.https://economy-news.net/content.php?id=59061

The Central Bank Sponsors The Private Banks Conference And Exhibition For Small And Medium Enterprises.
 
August 20, 2025   The Central Bank sponsors the   Private Banks Conference and Exhibition for Small and Medium Enterprises.

The Central Bank of Iraq sponsored the conference on micro, small, and medium-sized enterprises (MSMEs) held in Erbil Governorate.
 
The conference was held in cooperation with the  German Agency for International Cooperation (GIZ) and the  Iraqi Private Banks Association.
 
On the sidelines of his participation in the conference, Kazem Namiq,
Director General of the Central Bank of Iraq in Erbil Governorate, emphasized
 
"the role of the Central Bank of Iraq in the country's economic development   through its various initiatives and  facilitating procedures  for accessing financing for small, medium, and micro enterprises."
 
It is noteworthy that the conference witnessed the participation of    a number of private banks and
 owners of small, medium and micro enterprises benefiting from project loans.     
 Central Bank of Iraq    Media Office    20 Aug 2025     https://cbi.iq/news/view/2962 

The Dollar Leaves The Thirties. The Exchange Rate In Baghdad Rises Again.

Economy | 08/21/2025   Mawazine News - Baghdad -  The dollar exchange rate witnessed a rise in local markets in Baghdad on Thursday.

The selling price in Baghdad reached 143,750 Iraqi dinars for every 100 US dollars, while the buying price reached 143,000 Iraqi dinars.   https://www.mawazin.net/Details.aspx?jimare=265469

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 8-21-25

Good Afternoon Dinar Recaps,

BRICS News:  China Considers Yuan-Backed Stablecoins to Expand Global Reach

China is preparing for a major shift in its digital asset policy, with plans to introduce yuan-backed stablecoins aimed at boosting the yuan’s role in global trade and payments.

Key points:

• China may approve a yuan-backed stablecoin plan this month, led by Hong Kong and Shanghai.

• This would be a reversal from China’s 2021 ban on cryptocurrency trading and mining.

• Experts say Hong Kong dollar stablecoins could connect the digital yuan (e-CNY) with global assets.

• The initiative comes as U.S. dollar stablecoins dominate, accounting for more than 99% of the global supply.

China’s stablecoin push:

• The State Council is expected to review a plan that would expand the yuan’s global use, signaling a direct challenge to U.S. dominance in the stablecoin sector.

• The move aligns with China’s long-standing ambition to have the yuan rival the dollar and euro. However, experts warn that capital controls and trade surpluses could limit the effectiveness of yuan-backed stablecoins.

• Chinese tech giants JD.com and Ant Group have previously lobbied the central bank for approval of such tokens.

U.S. sets the benchmark:

• Dollar-backed stablecoins dominate the market, supported by the GENIUS Act, signed into law by President Trump.

• The GENIUS Act provides a comprehensive regulatory framework for stablecoins, further entrenching the dollar’s role in global digital finance.

Hong Kong and Shanghai take the lead:

• Shanghai is building an international hub for the digital yuan, while Hong Kong’s new stablecoin law, effective August 1, positions the city as a regulatory pioneer.

• Morgan Stanley notes that Hong Kong dollar stablecoins could act as a bridge, enabling investors to convert USDT/USDC into e-CNY for cross-border investments, while still respecting China’s capital restrictions.

• However, Hong Kong regulators have cautioned that new rules have increased fraud risks, with some firms experiencing volatile market reactions after the law took effect.

Looking ahead:

• China may use the upcoming Shanghai Cooperation Organisation (SCO) Summit to discuss expanding the yuan and stablecoin use in cross-border trade.

• Other Asian markets, including South Korea and Japan, are also developing their own stablecoin frameworks.

• If successful, China’s yuan-backed stablecoins could mark a decisive step toward challenging the dominance of U.S. dollar-linked digital assets.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

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How Close are Banks to Another 2008?

How Close are Banks to Another 2008?

David Lin:   8-21-2025

The landscape of the U.S. banking sector is constantly shifting, a dynamic interplay of economic forces, technological innovation, and, most crucially, regulatory policy.

As we look towards 2025, a fascinating discussion with Christopher Wolf, Managing Director of Banks at North America for Fitch Ratings, on David Lin’s platform, offers invaluable insights into what banks can expect.

Wolf’s analysis paints a picture of a sector poised for significant changes, driven largely by a “deregulatory pendulum swing” and the growing influence of digital assets.

One of the most defining aspects of the current environment, according to Wolf, is the distinct shift in regulatory philosophy. Following the Biden administration’s approach, a potential “Trump 2.0” influence suggests a significant move towards deregulation.

The primary aim? To lower compliance costs for banks and foster innovation, particularly in nascent sectors like cryptocurrency.

While this loosening of the reins could undoubtedly spur growth and efficiency, Wolf wisely cautions against the potential downsides.

 Historically, robust capital requirements have served as vital buffers, helping banks weather economic storms. Easing these requirements, while potentially encouraging, also reintroduces a degree of risk.

Despite these strategic risks, Wolf maintains a “cautious optimism” regarding the banking sector’s overall health, pointing to stable ratings and positive outlooks for many institutions.

Perhaps no area exemplifies the balance between opportunity and risk more than cryptocurrency. Wolf highlights the increasing prominence of stablecoins, seeing them as both a significant opportunity for banks and a strategic threat.

 The concern? If stablecoins gain widespread adoption as a substitute for traditional bank deposits, it could fundamentally alter the banking model.

Banks are not ignoring this shift. They are cautiously exploring crypto integration, primarily through custody services and tokenization initiatives.

However, Wolf emphasizes the critical need to avoid overconcentration in crypto exposure, mitigating the inherent volatility risks associated with digital assets. It’s a pragmatic approach: engage, but with prudence.

Looking ahead, uncertainty looms over the Basel III endgame and future capital requirements. However, expectations lean towards capital-neutral proposals rather than significant tightening, suggesting regulators may opt for stability over drastic changes.

Wolf also points to private credit and stablecoins as key factors that will influence future bank ratings, underscoring their growing importance. He reiterates the fundamental role of banks as creators of credit and money within the fractional reserve system, while acknowledging the implications of alternative financial technologies like cryptocurrencies.

The core function of banking remains, even as its tools and environment evolve.

In conclusion, Christopher Wolf’s insights underscore the critical need for a balanced regulatory approach. The goal is to avoid overly constraining banks, which stifles innovation and growth, while simultaneously preventing them from becoming undercapitalized, a mistake that contributed to the pre-2008 financial crisis.

While the current deregulatory trend presents strategic risks, Wolf assures us that there is no evidence pointing to a resurgence of systemic threats akin to the 2008 financial crisis. The U.S. banking sector is navigating a complex period of change, but with cautious optimism and a watchful eye on both opportunities and potential pitfalls.

https://youtu.be/19WjPgRmu-Y

“Tidbits From TNT” Thursday 8-21-2025

TNT:

Tishwash:  Iraq plans to attract $250 billion in investments over two years.

Iraq plans to attract investments in various sectors worth up to $250 billion over the next two years.

Hanan Jassim, a spokeswoman for the Iraqi National Investment Commission, said, "The government's pro-investment initiatives and legislative and regulatory reforms have succeeded in attracting Arab and foreign investments exceeding $100 billion in various economic sectors over the past two years."

She added, "Investments have been directed towards vital sectors such as industry, infrastructure, housing, energy, education, and health, contributing to the creation of new job opportunities and increasing the gross domestic product. This represents an important step towards reducing dependence on oil as the primary source of revenue."

She explained that "the investment steps have boosted investor confidence and contributed to positioning Iraq among the region's promising destinations. An ambitious plan has been developed to attract up to $250 billion over the next two years."

She stated that "the National Investment Commission is working to align investment legislation with directives by simplifying procedures, reducing red tape, expanding the scope of public-private partnerships, and providing flexible incentives and solid legal guarantees."

Iraq is currently witnessing the implementation of giant projects, most notably the construction of the Grand Faw Port in the far south of Iraq, accompanied by the implementation of an ambitious plan worth billions of dollars to establish a route linking the far south of the country with Turkey via a land and railway route for trade exchange reaching Europe, in addition to other projects in the sectors of housing, roads, bridges, hospital construction, and vital projects in the field of infrastructure.  link

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Tishwash:  The government is responsible for improving the classification of Iraq's sovereignty

Prime Minister Mohammed Shia Al-Sudani, on Wednesday (August 20, 2025), in the form of a joint national brigade, to improve the classification Iraq's sovereign trust, which plays a role in enhancing international confidence in the national economy, and opening up vast horizons for foreign investment

The Cabinet said in a statement that it “agrees with the objectives of the Ramiya government to enhance Iraq's financial and economic position on the international stage, the Sudanese side in the form of a national delegation Jointly, towards the Governor of the Central Bank of Iraq, and two branches of the Ministries (Finance, Oil, Planning) and Economic and Financial Institutions, to the President's Office

The ministry presented the financial documents, which resembled the Iraqi currency,” he added It combines clear and measurable goals, with raising distance plans to specialist areas, and direct coordination with major global trust classification agencies, including Fitch, S&P, Moody’s) Aims to improve Iraq’s sovereign credit rating, as the Seoul team pays special attention to strengthening government efforts, financial risk management, and environmental development Our actions are in line with the government's economic reform plan,” the statement said

The comprehensive national strategy aims to improve the classification of Iraq's sovereignty, which will contribute to enhancing international confidence in the national economy, and opening up vast opportunities Foreign investment, direct and indirect,” the government said in a statement, adding that this letter represents a clear commitment to the reform policy and its protection Achieving economic stability, supporting the stability of the financial system, and creating an attractive investment environment to participate in diversifying revenue sources and reducing reliance on oil Wahid” ink

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Tishwash:  Baghdad and Erbil on the verge of a historic agreement: Oil, salaries, and non-oil revenues are close to being resolved.

Ministry of Planning spokesperson Abdul Zahra al-Hindawi revealed details of the meeting of the ministerial committee tasked with resolving financial obligations between Baghdad and Erbil, stressing that the meeting witnessed a significant convergence of views and a preliminary agreement on mechanisms for resolving outstanding issues.

The meeting, chaired by Minister of Planning Mohammed Tamim and attended by federal ministers and officials from the regional government, focused on three key issues: oil production and exports through SOMO, non-oil revenues, and the localization of salaries for the region's employees. Al-Hindawi explained that the oil file has made significant progress and is close to completion, while the two parties agreed that non-oil revenues should be subject to applicable laws, in addition to discussing practical steps to localize salaries.

He noted that upcoming meetings will witness the participation of legal and technical experts from both sides to finalize the agreement before submitting recommendations to the Council of Ministers for binding decisions. He emphasized Prime Minister Mohammed Shia al-Sudani's direct interest in concluding these issues, given their direct impact on the lives of citizens in the region and the national economy.  link

Mot: Becoming More ""Seasoned"" ....

Mot : Opal and the spider

Here’s the Truth About the $600 Tariff Checks

Here’s the Truth About the $600 Tariff Checks, According to One Money Expert

Vance Cariaga  Thu, August 21,   GOBankingRates

While President Donald Trump continues to defend tariffs as the best way to reduce U.S. trade deficits, many economists fear that the tariffs will mainly serve to push consumer prices higher.

To help ease that problem, some lawmakers have proposed sending out stimulus payments similar to those distributed during the COVID-19 pandemic. One such proposal, recently introduced by U.S. Sen. Josh Hawley (R-Missouri), would provide $600 “tariff checks” to eligible Americans.

The question is how effectively a tariff check would offset tariff-related inflation. Keep reading to learn the truth about the tariff checks, according to Jaspreet Singh and other money experts.

Where Will the Money Come From?

Hawley’s American Worker Rebate Act (AWRA) aims to return certain tariff revenue to U.S. households as a way of providing financial relief, according to an analysis from the Tax Foundation.

If passed, the rebate would provide $600 to eligible Americans, or $2,400 for a family of four. Those benefits would be reduced by 5% for joint filers with an adjusted gross income above $150,000 or single filers earning more than $75,000, Singh said in a YouTube video titled “The TRUTH About Trump’s $600 Tariff Checks For Americans.”

The idea is similar to stimulus checks sent during COVID, which aimed to help American families navigate the pandemic’s economic fallout.

The problem, according to Singh, is that stimulus checks in just about any form could have long-term repercussions that might eventually cost Americans more than they received in benefits.

“If you follow the trail of money for the stimulus checks in 2020 and 2021, it started with the Federal Reserve Bank turning on their money printer and lending trillions of dollars to the United States government,” Singh said.

‘A Number of Problems’

TO READ MORE:  https://news.yahoo.com/news/finance/news/truth-600-tariff-checks-according-110252422.html