“Tidbits From TNT” Wednesday Morning 8-27-2025

TNT:

Tishwash:  Economic Institution: Central Bank Reforms Boost Investor Confidence and Open the Way to Global Markets

Khaled Al-Jaberi, Chairman of the Osool Foundation for Economic and Sustainable Development, affirmed on Tuesday that the reforms led by the Central Bank are fundamental and have contributed to transforming the banking sector from a restricted reality to one open to the world.

He explained that these steps will open up broad horizons for Iraqi banks and positively impact the overall economic and investment activity in the country.

Al-Jaberi told the Iraqi News Agency (INA): "The current reforms have transformed the banking sector from being restricted and deprived of dealing in dollars to a sector capable of opening correspondent banks and restoring its international relations, which will directly reflect on improving banking services and stimulating economic activity in Iraqi markets."

He added, "Iraqi banks welcomed these reforms because they are an indispensable necessity. The banking sector is suffering from numerous problems, and a comprehensive reform is needed to ensure the ability to conduct international transactions and ensure the freedom to trade in dollars."

He explained that "the investment environment in Iraq has become attractive thanks to the security stability, and this has prompted investors to enter the Iraqi market." He explained that "investors are always looking for two basic answers: the status of the banking sector and the country's tax system. If reassurance is achieved in these two aspects, investments begin to flow."

Al-Jaberi pointed out that "banking reforms will lead to broader relationships with correspondent banks, putting Iraq on the path to opening up to the global market and facilitating the transfer of funds in line with international standards."

He continued, "Financial technology and digital transformation are a fundamental pillar of these reforms, as they are not limited to banking policies alone, but rather encompass all aspects of banking operations. This positively impacts all economic sectors, such as agriculture, industry, and tourism, and contributes to facilitating the movement of funds and trade both domestically and internationally."

Earlier, Central Bank Governor Ali Al-Alaq confirmed that the banking reform plan would boost international confidence and restore relations with correspondent banks.   link

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Tishwash:  Rafidain Bank: Approximately 87% of foreign debt settled

Rafidain Bank announced today, Tuesday, the completion of settling about 87% of the foreign debt file, as a statement from the bank stated that “the bank announced a new step that embodies its firm commitment to international credibility and consolidating confidence in the Iraqi financial sector

Confirming the previous announcement regarding Rafidain Bank’s achievement of settling about 87% of the foreign debt file and achieving a major negotiating breakthrough with major Dutch and French creditor companies in accordance with Cabinet Resolution No. (403) of 2025.”

The statement added, "The bank, through its legal and international team, was able to close all lawsuits filed by Dutch companies before the Curaçao Court after reaching final legal settlement agreements. The settlement contracts were officially filed in the lawsuit files and announced in accordance with approved international judicial frameworks."

The statement continued, "This step complements the tireless efforts made by the Iraqi government and the General Administration of Rafidain Bank to settle old obligations and strengthen Iraq's legal and financial position before international courts, thus consolidating the bank's image as a sovereign arm capable of protecting the state's interests and managing its foreign affairs with the highest levels of professionalism and governance."

He also stressed that "what has been achieved today reinforces Rafidain Bank's strategic path toward fully closing its foreign debt portfolio and sends a clear message to the international community that Iraq is steadfastly pursuing financial reform and strengthening confidence in its economic sovereignty."  link

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Tishwash:  Erbil Chamber of Commerce opens doors for cooperation with business owners in Saudi Arabia.

The Erbil Chambers of Commerce and Industry announced on Tuesday that a trade meeting will be held between traders and business owners from the Kurdistan Region and Saudi Arabia in the near future. 

A statement issued by the Chamber, received by Shafaq News Agency, said, "The head of the Chamber, Gilan Haji Saeed, received today the Director of the Saudi Trade Representation Office in Erbil, Azzam bin Muhammad, in the presence of the members of the Chamber's Executive Council, Khalil Goran, Shirin Yahya Khalil, and Rashid Mustafa Mirkhan. The focus was on strengthening economic and trade relations between Saudi Arabia and the Kurdistan Region."

Gilan Haji Saeed said, "The basic backbone of establishing and strengthening trade is relations," expressing his hope that, through the Saudi Trade Representation Office in Erbil, efforts will be made to establish relations between the Erbil Chamber of Commerce and Saudi chambers and trade organizations." 

Saeed called for "cooperation in sending schedules of Saudi exhibitions, conferences, and economic events, so that business owners can benefit and participate through the Erbil Chamber of Commerce and Industry."

The statement noted that "the meeting discussed organizing a trade meeting between traders and business owners from Saudi Arabia and the Kurdistan Region in the near future, as well as highlighting the importance of introducing and marketing the products of both parties."  lin

Mot:  . Ya Knows -- They Says YOU ~~~~~

Mot: . Just Saying -- Been un of Dose Daze!!! 

Iraq Economic News and Points To Ponder Tuesday Afternoon 8-26-25

The Central Bank And Al-Hadbaa University Sign A Joint Cooperation Agreement.
 
August 26, 2025  The Central Bank of Iraq/Mosul branch signed a joint cooperation agreement with
Al-Hadbaa Private University to enhance cooperation with academic institutions.
 
The agreement aims to open new avenues of cooperation between the two institutions, most notably by
     providing lectures on the concept of financial inclusion and  holding scientific seminars, as well as
     cooperating in publishing scientific research.

It was also agreed that theCentral Bank of Iraq would provide Al-Hadbaa University with the
     latest bulletins and     publications issued by the bank.    
    Central Bank of Iraq    Media Office    26 Aug 2025    https://cbi.iq/news/view/2965  

Taif Sami: Iraq Is Witnessing Tangible Progress In The Field Of Tax Reform.
 
Money and Business  Economy News - Baghdad Finance Minister Taif Sami confirmed on Monday that 
Iraq is witnessing tangible progress in tax reform, while pointing to the government's commitment to developing the tax system  in line with international standards.
 
In a speech at the Tax Conference for Economic Development and Investment Promotion, the Minister of Finance said,
 
"This conference affirms the state's commitment,  under the direct supervision of   Prime Minister Mohammed Shia al-Sudani and the   Ministry of Finance,
 
to developing the tax system  in line with international standards,  contributing to diversifying non-oil revenue sources and     increasing the state's financial resources."

She added,  "Over the past period, we have worked to implement the government program through a series of reforms and measures, including
     updating tax legislation and instructions,
     developing tax accounting mechanisms,
     protecting the state's rights, and
     achieving social justice."

She pointed out that   "the objectives of the National Reform Plan 2025-2030 are to  boost domestic revenues with funding from the European Union and German organizations, review tax ceilings, expand electronic payment and collection services, and   hance financial inclusion.

They also aim to     identify obstacles to the effective implementation of tax policies and   develop appropriate solutions,   in line with the  requirements of judicial oversight and    sound financial management tools."

She continued: "It also aims to  stimulate economic legislation and investment activity  in line with international transparency requirements, create an attractive and conducive business environment for the private sector, and
     improve the economic operating environment by increasing the efficiency of financial procedures, reducing red tape,
     encouraging start-up projects, and  developing collection services using advanced electronic tax management systems to
     enhance citizen and investor confidence   in financial institutions and reduce corruption."

She explained that "these efforts aim     not only to increase public financial revenues, but also
     to build an attractive economic and investment environment    based on transparency and fairness in   achieving sustainable development and   enhancing national economic stability."

Sami affirmed: "Over the past two years, we have achieved tangible progress on tax reform, as
     confirmed by the data and figures related to the growth of domestic revenues,
          which reflect the extent of the progress and achievements made."
 
The Minister of Finance called on international partners, including financial institutions and international and regional organizations, to  "effectively contribute to supporting the Iraqi tax reform plan by  exchanging technical expertise and  providing advisory, technical, and training support."

She noted that "your participation with us in this process will be safe and decisive in
     accelerating reform efforts and   ensuring our adherence to international standards."
 
The Minister of Finance concluded her remarks by emphasizing 
"the Ministry of Finance's commitment to the path of financial and tax reform,
     in line with a national development vision and  unlocking investment opportunities that benefit Iraq."
  
views 264     Added 08/25/2025 - 1:12 PM  https://economy-news.net/content.php?id=59218  

The Central Bank Of Iraq Donates More Than 90 Billion Dinars To Revitalize Rashid Street.

Banks  Economy News – Baghdad  The Central Bank of Iraq announced on Monday that it has donated more than 90 billion dinars to revitalize Rashid Street.

The Central Bank's media office stated in a statement received by Al-Eqtisad News that "the Central Bank has donated more than 90 billion dinars to revitalize Rashid Street, one of the most famous tourist destinations in the capital, Baghdad, by adding a tram line to it to become a prominent landmark in the center of old Baghdad."

He pointed out that "the Council of Ministers, the Baghdad Municipality, the Ministry of Culture, and the Iraqi Private Banks Association worked to prepare and monitor the designs and implementation."

He added, "The Central Bank sponsors numerous urban initiatives in various locations, such as the House of Cultural Affairs, contributing more than 3 billion dinars, as well as the Governor's House site in the Government Palace Heritage Area near the Qishla, with an amount of 2 billion dinars." https://economy-news.net/content.php?id=59216

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-26-25

Good Afternoon Dinar Recaps,

BRICS Accelerates De-Dollarization as Gold Reserves Surge

The BRICS economic bloc is pushing forward with de-dollarization strategies at a faster pace than many anticipated, backed by record gold purchases and new trade arrangements that reduce reliance on the U.S. dollar.

Record Gold Buying by Central Banks

In Q2 2025, global central banks purchased 166 tonnes of gold, a 41% increase from typical quarterly levels. BRICS members — including China, Russia, India, and Turkey — led these acquisitions, helping drive global reserves to over 36,000 tonnes.

Analysts describe gold not just as a hedge, but as insurance against global monetary fragility. The strategy is widely seen as laying the groundwork for alternative reserve systems outside the U.S. dollar.

Progress Toward a BRICS Currency

At the 17th BRICS Summit, members advanced digital payment infrastructure initiatives to support the launch of a BRICS currency by 2026. With BRICS representing 46% of the world’s population and 37% of global GDP, the group’s efforts to reduce dollar dependency carry significant weight.

• India is developing cross-border payment software to reduce reliance on U.S. systems.

• China and Saudi Arabia signed a $50 billion yuan trade agreement, signaling momentum for wider non-dollar trade.

Political and Structural Challenges

Despite progress, hurdles remain. China accounts for roughly 70% of BRICS GDP, raising concerns that replacing U.S. financial dominance could simply shift control to Beijing. Political and economic differences among member nations also complicate efforts to create a unified monetary system.

Outlook

The convergence of record gold accumulation, digital payment development, and alternative trade arrangements underscores the BRICS bloc’s determination to lessen dollar reliance. While significant challenges remain, the group’s coordinated push represents one of the most serious long-term tests of U.S. dollar dominance since the Bretton Woods system was established.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

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MilitiaMan and Crew: Iraq Dinar News Update-Revenue brings Value-Reduced note Count

MilitiaMan and Crew:  Iraq Dinar News Update-Revenue brings Value-Reduced note Count

8-26-2025

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 8-26-25

Good Morning Dinar Recaps,

Crypto News: GENIUS, CLARITY, and Anti-CBDC Acts Set for September Senate Vote

The U.S. Congress is advancing multiple pieces of digital asset legislation, setting the stage for a pivotal September in crypto regulation. Following the GENIUS Act’s enactment, three major bills—the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate Crypto Market Structure Bill—are now awaiting action in the Senate.

GENIUS Act – Stablecoin Oversight in Place

The GENIUS Act, already signed into law by President Donald Trump, establishes the first federal framework for stablecoins. Lawmakers, however, are pushing for stricter anti-money laundering provisions and tighter restrictions on foreign issuers.

Under the legislation, only banks, federally qualified fintech firms, and state-regulated entities meeting strict compliance standards will be authorized to issue stablecoins. The law also mandates enhanced transparency, audits, and anti-financial crime controls.

CLARITY Act – Defining Market Structure

The CLARITY Act seeks to bring order to the digital asset market by:

• Defining new asset categories,

• Clarifying oversight roles between regulators, and

• Providing investor protections.

The Senate Banking Committee aims to finalize the bill by September 30, 2025. Proponents argue that the Act will reduce regulatory uncertainty, foster innovation, and safeguard consumers.

Anti-CBDC Surveillance State Act – Blocking Retail CBDCs

The Anti-CBDC Surveillance State Act would prohibit the Federal Reserve from issuing, researching, or building a retail central bank digital currency without explicit Congressional approval. The bill will be debated in the Senate during September as part of a broader financial regulation package.

Senate Crypto Market Structure Bill – Responsible Innovation

Also known as the Responsible Financial Innovation Act of 2025, this bill is expected to move through the Senate Banking Committee by the end of September. Committee Chairman Tim Scott has signaled his intent to advance the SEC-focused provisions of the legislation by September 30, 2025.

Outlook for September

September is shaping up to be a turning point for U.S. digital asset policy. With the GENIUS Act already law and three additional bills nearing passage, Congress is setting a clearer framework for crypto markets.

Investors and stablecoin issuers are closely watching developments, as the outcome will determine which entities can legally issue stablecoins and how the broader digital asset ecosystem will operate under new compliance standards.

@ Newshounds News™
Source: Coinpedia

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Dollar Stability Under Fire as Trump Moves Against Federal Reserve

President Donald Trump’s removal of Federal Reserve Governor Lisa Cook has intensified debate over the U.S. dollar’s reliability as the world’s reserve currency—and raised questions about whether Bitcoin could eventually emerge as an alternative.

Trump’s Move Against the Fed

In a letter released by the White House, Trump accused Cook of making false statements on mortgage agreements and declared her immediate removal.

Cook has refused to step down, stating that “no cause exists under the law” for her dismissal and asserting that the President has “no authority” to remove her.

Dollar Stability in Question

The Federal Reserve’s independence has long been considered the foundation of U.S. monetary strength. Analysts warn that political interference threatens to:

• Undermine investor confidence,

• Increase volatility in the dollar,

• Weaken its reserve status globally, and

• Heighten the risk of recession.

Alex Obchakevich of Obchakevich Research argued that politicizing the Fed undermines economic stability and could accelerate the search for alternatives to the dollar.

Bitcoin as a Long-Term Challenger

When asked if Bitcoin could benefit, Obchakevich noted that while it is not yet a near-term replacement, continued instability at the Fed could strengthen Bitcoin’s role as a hedge and erode the dollar’s long-term dominance as the global reserve currency.

Trump’s Broader Clashes with the Fed

This dispute follows earlier confrontations between Trump and Fed Chair Jerome Powell. In April, Trump accused Powell of cutting rates too slowly and suggested firing him—a move that drew sharp criticism from market participants and lawmakers, who warned it would shatter investor confidence.

Outlook

Trump’s unprecedented attempt to remove a sitting Fed governor is likely to trigger a legal showdown and heighten global scrutiny of the dollar. As the world watches, markets are weighing whether this instability will reinforce Bitcoin’s narrative as a politically neutral, alternative store of value.

@ Newshounds News™
Source: Cointelegraph   

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RWA and Tokenized Equities: Market Growth Meets Regulatory Caution

Real-world asset (RWA) tokenization and tokenized equities are two of the fastest-growing segments in digital finance, with forecasts projecting multi-trillion-dollar market potential. Yet, alongside the optimism, regulators are warning that risks tied to investor protections, custody, and market integrity must be addressed before mass adoption can take place.

RWA Tokenization on Path to $16 Trillion by 2030

According to the 2025 Skynet RWA Security Report, the global tokenization market could expand to $16 trillion by 2030.

• Tokenized U.S. Treasuries are leading adoption, projected to reach $4.2 billion in 2025, driven largely by short-term government bonds.

• Institutional investors are exploring tokenization for debt instruments, commodities, private credit, and trade finance, citing advantages in yield generation, liquidity, and operational efficiency.

• Money market funds and private credit are emerging as early use cases, with the convergence of traditional finance (TradFi) and decentralized finance (DeFi) providing greater transparency and accessibility.

Challenges remain, including fragmented regulation, cybersecurity concerns, and limited liquidity for secondary trading. Skynet stresses the need for federally chartered crypto banks and licensed custodians to secure institutional trust.

Tokenized Equities Could Hit $1.3 Trillion

Parallel to the RWA trend, tokenized equities are gaining momentum. Platforms such as Robinhood, Kraken, and Gemini now offer tokenized versions of U.S.-traded stocks.

• Binance Research estimates the market could reach $1.3 trillion if even 1% of global equities are tokenized.

• Current adoption is still limited, with RWA.xyz reporting about $360 million in market capitalization.

However, unlike traditional shares, tokenized equities typically provide only synthetic exposure to stock performance without conferring voting rights or dividend entitlements.

Regulatory Concerns and Calls for Clarity

The World Federation of Exchanges (WFE) has urged regulators to strengthen oversight of tokenized equities, warning that:

• Investors may be misled into believing they hold full shareholder rights,

• Failures in the sector could damage the reputation of listed companies, and

• Broader market confidence could suffer if protections are not reinforced.

In a letter to the SEC, ESMA, and IOSCO, the WFE called for securities laws to be expanded to cover tokenized assets, with clear rules on ownership, custody, and promotion.

Meanwhile, jurisdictions such as Hong Kong, Singapore, and the U.S. are already developing tokenization frameworks that address custody, risk management, and investor protection.

Outlook

Both RWA tokenization and tokenized equities show strong potential to reshape capital markets by blending blockchain-native liquidity with real-world assets. Yet, as regulators emphasize, the path forward requires:

• Global regulatory alignment,

• Infrastructure investment, and

• Transparent investor protections.

If these conditions are met, tokenization could not only reach trillions in value but also establish itself as a transformative force in global finance.

@ Newshounds News™
Sources: Skynet RWA Security Report, CryptoSlate

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 8-26-2025

TNT:

Tishwash: The Pentagon to Shafaq News: We are committed to ending our combat presence in Iraq and have new missions for our bases.

A US Department of Defense official said on Monday that Washington continues to review and adjust its force posture in Iraq "as appropriate" and in line with the mission of the international coalition to defeat ISIS in Iraq.

The official added to Shafaq News Agency that Washington "is committed to ending the coalition's military mission inside Iraq by September 2025, and we will continue to support operations to defeat ISIS in Syria from bases inside Iraq until September 2026."

He pointed out that after the end of the transitional period, "the United States will continue a bilateral security cooperation relationship with Iraq."

In September 2024, Baghdad and Washington agreed to end the coalition's military mission in Iraq by September 2025, while continuing to support operations against ISIS in Syria until 2026.

The first phase of the withdrawal actually began with a convoy leaving Ain al-Asad base for Syria at the beginning of the week, with some forces being transferred to Erbil and Kuwait, with the number gradually reduced from approximately 2,000 to less than 500 soldiers by September 2026.  link

Tishwash:  Al-Mashhadani and the US Chargé d'Affaires discuss the mechanism for reducing the number of troops at Al-Assad Air Base.

Parliament Speaker Mahmoud Al Mashhadani received Ambassador Stephen Fagin, Chargé d'Affaires of the US Mission to Iraq, in his official office today.

During the meeting, according to a statement from the Speaker of Parliament's office, a copy of which was received by {Euphrates News}, the mechanism for reducing the number of troops at Ain al-Assad base and shifting the work to a limited bilateral framework within the Kurdistan Region was discussed, in line with the requirements of the reality on the ground, in a way that enhances national sovereignty and reflects the security stability achieved in the country.

President Al-Mashhadani stressed that sustainable security stability cannot be achieved without economic prosperity, emphasizing the importance of American companies entering the Iraqi market to support the private sector and provide extensive job opportunities for the national workforce.

The two sides also emphasized the strength of the relationship between Iraq and the United States, and their keenness to develop it in a way that serves common interests and enhances cooperation in the political, economic, and security fields.

The meeting concluded with an emphasis on the importance of developing Iraq's relations with its neighbors as a cornerstone of enhancing regional stability and helping to consolidate the principles of good neighborliness, serving the future of Iraq and the peoples of the region.  link

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Tishwash:  Trade and investment agreements to improve the business environment

The Iraqi Ministry of Trade has concluded a number of trade, economic, and investment agreements with relevant authorities in three foreign countries, affirming Iraq's readiness to provide all necessary facilities to create a stable and investment-friendly economic environment.

The ministry's official spokesman, Mohammed Hanoun, told Al-Sabah: "The signed agreements aim to stimulate economic cooperation between Iraq and a number of countries, and open new channels for exchanging expertise and investments."

He explained that the agreements with Serbia covered the fields of trade, economy, and investment, particularly in the industrial and technology sectors, and included the organization of joint economic forums bringing together businessmen from both countries to discuss cooperation opportunities. In addition, Serbia will contribute to the establishment of automotive equipment manufacturing plants, the implementation of irrigation projects to reduce water scarcity, and the strengthening of economic partnerships to serve common interests.

Hanoun pointed out that cooperation with the United States focused on expanding economic and trade relations, with the goal of developing the business environment and promoting foreign investment. He also discussed the provision of goods and services and the implementation of economic reforms, including the adoption of an intellectual property law and the launch of the "e-trader" platform to regulate market activity, enhance oversight, and protect the rights of producers and consumers. He added that the platform will provide a safe environment for commercial transactions, limiting violations and maintaining a balance between merchants and consumers.

He also referred to a proposal to hold a joint forum between the Iraqi and American private sectors to review investment opportunities and joint projects.

Cooperation with the Swiss side included concluding a contract with a specialized company to establish mills and silos, and providing the ministry with a shipment of spare materials, equipment, and advanced systems in accordance with the latest international specifications to ensure the highest standards of quality and productivity. Hanoun affirmed that the ministry is proceeding with implementing its strategic plans to modernize the infrastructure of government mills, improve production quality, and enhance food security by adopting clear implementation plans and an advanced economic vision that focuses on improving operations and reducing financial waste.  link

Mot: Mam -- Hows Ur School Year Going??? 

Mot: FINALLY!!! -- The Secret to Long Life!!!!

Iraq Economic News and Points To Ponder Monday Evening 8-25-25

Economist: Iraq Is Facing A Severe Financial Crisis Next Year
 
{Economic: Al Furat News} Economist Nabil Al Marsoumi warned that  Iraq is facing a severe financial crisis next year, noting that the  Ministry of Finance currently has no funds and relies on oil transfers.
 
Al Marsoumi said in a statement to {Al Furat News} that:  "The delayed pension payments came after the transfer of oil revenues on the fourth of this month," noting that  "this situation may continue for a long time during the current year due to the upcoming elections." 

Al-Marsoumi pointed out that  "next year may witness a financial crisis and    difficult economic decisions that will directly impact fixed-income earners and the poor," warning of "coming economic challenges that require clear strategies to address them."        https://alforatnews.iq/news/خبير-اقتصادي-العراق-مقبل-على-أزمة-مالية-حادة-في-العام-المقبل 

Prime Minister's Advisor: Forming A Team To Improve Credit Ratings Is A Step Towards Comprehensive Economic Reform.
 
Today, 14:55Baghdad - WAA - Nassar Al-Hajj The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, explained on Sunday   the importance and tasks of the joint national team tasked with improving Iraq's sovereign credit rating. He noted that this step reflects the government's seriousness in   implementing sustainable economic reforms and   preparing the country for global financial integration. 

Saleh told the Iraqi News Agency (INA): 
"Prime Minister Mohammed Shia al-Sudani's directive to form a joint national team to improve Iraq's sovereign credit rating is not merely an administrative step, but rather a clear declaration that Iraq has entered a new phase of     serious and  systematic   economic reform." 

 Saleh emphasized "the importance of the national team in   strengthening governance,  economic reform,  improving transparency and accountability in financial institutions, and     managing financial risks more professionally to mitigate economic fluctuations." 

He added,  "All these steps are aimed at  developing the business environment,  attracting foreign investment, and    supporting financial stability  by re-examining the country's  monetary and fiscal policies  on a sustainable basis."

He explained that "the team will work in accordance with the National Development Plan 2024-2028,
which aims to   reduce dependence on oil as the primary source of income and  diversify the national economy, as these are among the highest goals of  sustainable development and  stability." 

He pointed out that "the national team's tasks will  be at both the national and international levels, and will   focus on strengthening international confidence in the Iraqi economy,
 
which will
open the door to financing and investment, and  contribute to raising Iraq's credit rating, which means  reducing the cost of borrowing and increasing opportunities for external financing.

It will also    confirm the seriousness of the government and its economic program in   adopting sustainable economic reforms and   preparing Iraq for more effective global financial integration."
 
Earlier, Prime Minister Mohammed Shia al-Sudani directed the formation of a joint national team to improve Iraq's credit rating.    https://ina.iq/ar/economie/241708-.html 

Unlocking Iraq's Economic Potential: The Role Of Structural Reforms In Boosting Medium Term Non-Oil Growth
 
By Filippo Gori, Hela Mrabet  June 10, 2025  Download PDF 
    https://www.elibrary.imf.org/downloadpdf/view/journals/018/2025/115/018.2025.issue-115-en.pdf
 
Summary
Iraq’s non-oil economic growth has been slow, constrained by low productivity, limited investment and an inefficient use of human capital. Against the background of an excessive dependency on oil, an outsized public sector footprint, a fragile political context, and lingering institutional and governance shortfalls, non-oil medium term growth is expected to remain subdued, at 3-4 percent – mostly driven by demographics.

To unlock its potential for sustained growth and prepare the country for growing social challenges in the next decade, Iraq should commit to and implement an ambitious structural reform agenda. Estimates suggest that a comprehensive reform package aimed at improving governance, intensifying the fight against corruption, streamlining labor market and business regulations, and strengthening the banking sector could improve growth by an additional 4 percent over the medium-term.

Subject: Commodities, Employment, Labor, Labor force participation, Labor market reforms, Labor markets, Labor productivity, Macrostructural analysis, Oil, Production, Productivity, Structural reforms, Total factor productivity  

Keywords: Employment, Governance, Investment, Labor force participation, Labor Market, Labor market reforms, Labor market regulations, Labor markets, Labor productivity, Oil, Potential Growth, Productivity, Productivity, Structural reforms, Structural Reforms, Total factor productivity 

Publication Details
Pages: 21     Volume: 2025

• DOI: https://doi.org/10.5089/9798229021685.018

• Issue: 115

• Series: Selected Issues Paper No. 2025/115

• Stock No: SIPEA2025115

• ISBN: 9798229021685

• ISSN: 2958-7875

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 Government Advisor: Oil Will Soon Return To $75... Here's Why
 
Time: 2025/08/19 16:44:30 Reads: 1,110 Times  {Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Muhammad Salih,   confirmed that  the need for petroleum energy will increase after each cycle of price decline.

He indicated that  this increase will restore balance to the energy market,  which will push the price of a barrel of oil to an average of no less than $75 higher.
 
Saleh said in a statement to Euphrates News, "The need for oil energy will increase after each price decline due to rising production costs in the world's major producing regions.
 
This will  restore balance to the energy market and     raise the price of a barrel of oil to an average of no less than $75 per barrel,  especially after the market glut of cheap oil is eliminated due to geopolitical unrest around the world." 

He added, "This is a temporary situation that does not represent a long-term investment strategy in oil energy markets,  particularly the production market in the United States,  which is the world's largest oil producer,  but at high costs compared to the low-cost production costs of Middle Eastern and Gulf oil."   
https://alforatnews.iq/news/مستشار-حكومي-النفط-سيعود-إلى-75-دولاراً-قريباً-لهذا-السبب 

Iraq Will Be Without Imported Gasoline By The Beginning Of Next Year.
 
Economy     2025-08-20 | 11:51  776 views   Alsumaria News – Local  announced The Ministry of Oil on Wednesday that  it is preparing a plan to end the import of petroleum products   by the end of this year and the beginning of next year.
 
The Director General Distribution Company of the Oil Products, Hussein Talib, said in a statement to the official agency, followed by Sumaria News , that
 "the Ministry of Oil has developed a plan to end the import of petroleum derivatives by the end of 2025 and the beginning of 2026, according to an advanced timetable prepared for this purpose." 

He added,  "Iraqi refineries have achieved a qualitative leap in the production of petroleum derivatives
under the current government since 2024," noting that
 
"at peak times, Iraq was importing  about 16 million liters of gasoline, in addition to  7 million liters of diesel and kerosene, at an annual cost of $4.5 billion." 

He continued, "The import of diesel and kerosene will be closed in 2024 after achieving self-sufficiency, while   imports of high-octane gasoline decreased from 16 million liters to 6 million liters per day."       
https://www.alsumaria.tv/news/economy/537836/العراق-بلا-بنزين-مستورد-مع-بداية-العام-المقبل  

Iraq Announces Increase In Refining Capacity And Develops Plan To Export Kerosene And Jet Fuel
 
Time: 2025/08/24 13:02:30 Read: 750 Times   {Economic: Al Furat News} The Iraqi  government announced     an increase in Iraq's oil refining capacity and     a plan to export kerosene and jet fuel abroad    after achieving self-sufficiency in both.
 
A statement from the Prime Minister's Media Office, a copy of which was received by {Euphrates News}, stated that  "within the framework of the government's approach to strengthening national sovereignty in the energy sectors and providing petroleum derivatives, on the path to consolidating economic stability and confident national development,
 
Iraq has been able to raise its refining capacity to (1.3) million barrels per day,
     becoming one of the Arab countries with the highest capacity in this field, and
     to proceed with this growth and expansion in capacity, towards
      achieving a refining capacity of (1.65) million barrels per day,
     in accordance with the stated goal announced by
     Prime Minister Mohammed Shia al-Sudani on March 30, 2025."

 He explained that "this strategic development will contribute to  covering the entire domestic consumption of petroleum products, which reached 1.1 million barrels per day in 2024, bringing Iraq very close to self-sufficiency in various petroleum products.
 
This will achieve a number of gains, most notably: 

     reducing the burden of importing petroleum products to the lowest level in decades,
     saving billions in hard currency annually,
     strengthening the trade balance,
     enabling the export of surplus petroleum products in the near future,
     creating new job opportunities in the energy sector and related sectors,
     improving fuel quality in accordance with international standards, and
     reducing carbon emissions and pollution levels."  The statement continued,
 
"This transformation will reflect the government's success in implementing its strategy aimed at  diversifying sources of income, strengthening the foundations of sustainable economic development, and    achieving the interests of citizens by ensuring stable petroleum product prices in the local market.
 
The Ministry of Oil has also developed a plan to begin exporting   gas oil and  jet fuel,  after achieving self-sufficiency in both."     https://alforatnews.iq/news/العراق-يعلن-رفع-قدرته-التكريرية-ويضع-خطة-لتصدير-الكاز-ووقود-الطائرات   

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

Crisis-Level Treasury Yields Signal Market Collapse: Get To Safety!

Crisis-Level Treasury Yields Signal Market Collapse: Get To Safety!

Lynette Zang:  8-24-2025

Treasury yields just hit their highest level since 2007 — right before the financial crisis. This means the U.S. government is paying more than ever to borrow, a flashing warning sign for markets, debt, and your wealth.

 Lynette explains what fading confidence in U.S. debt really means, and why gold is the lifeboat you’ll need to reach safety before it’s too late.

Chapters:

 01:00 – U.S. Adds $125 Billion in New Debt in One Week

02:04 – Bond Market Struggles: Fewer Buyers, Higher Yields

03:25 – Warnings from Treasury Chiefs & Confidence at Risk

 05:00 – Trade Wars & Tariffs Undermine Global Trust

06:40 – If Foreign Buyers Pull Back, Who Funds U.S. Debt?

07:44 – Why Central Banks Are Stockpiling Gold Instead of Treasuries

 09:29 – Building Your Lifeboat: How to Protect Yourself with Gold, Silver & Real Assets

13:20 – Taking Back Control with a Sound Money Strategy

https://www.youtube.com/watch?v=wXN_0FwWuEQ

Iraq Economic News and Points To Ponder Monday Afternoon 8-25-25

An Economist Calls On The Central Bank To Review Its Policies After The Decline In Non-Oil Revenues.

Time: 2025/08/25 12:41:51 Reading: 780 times  {Economic: Al Furat News} Economic expert Nabil Al Marsoumi said on Monday that the Central Bank should have evaluated its policies to ensure they achieve their desired goals, otherwise it should reverse those decisions and return to the previous approach.

Al-Marsoumi added in an interview with Al Furat News Agency that "the recent measures have negatively impacted the state's revenues from fees imposed on the real estate market, which is one of the reasons for the significant decline in non-oil revenues, which recorded less than half a trillion dinars during the first half of this year, i.e. approximately 2 trillion dinars less than the same period last year." Al-Marsoumi stressed the "need for the Central Bank to review its procedures to restore order." LINK

Oil Products Estimate Their Revenues For Electronic Payment.

Economy | 11:35 - 08/25/2025  Mawazine News - Baghdad - The General Company for Oil Products at the Ministry of Oil achieved 720 billion dinars per month from electronic payment transactions for services it provides to citizens.

The company's general manager, Hussein Talib, said in a statement to the official newspaper, followed by Mawazine News, that "the plan developed by the company to end cash transactions and shift to electronic payments has reached advanced stages."

He explained that "the company's sales of its products amounted to 1 trillion and 100 billion monthly, of which 720 billion dinars were from electronic payments, representing two-thirds of the company's sales."   https://www.mawazin.net/Details.aspx?jimare=265688

Oil Prices Jump, Brent Hits $67.79

Economy | 09:09 - 08/25/2025  Mawazine News - Follow-up  Oil prices rose slightly on Monday, as expectations of a US interest rate cut boosted the outlook for global growth and fuel demand.
Brent crude futures rose 6 cents, or 0.09 percent, to $67.79.

US West Texas Intermediate (WTI) crude futures rose 9 cents, or 0.14 percent, to $63.75.
Investor risk appetite increased after Federal Reserve Chairman Jerome Powell indicated on Friday that the US central bank could cut interest rates at its meeting next month. https://www.mawazin.net/Details.aspx?jimare=265683

Launching The "Meezan" Program To Increase Tax Revenues By 30% In Iraq

Money and Business  Economy News – Baghdad  The Osool Economic Development Foundation announced on Monday the launch of the "Meezan" program, aiming to increase tax revenues by 30% over the next year. It also noted that the national tax awareness campaign has contributed to fostering a new awareness among society about rights and duties.

Khaled Al-Jaberi, Chairman of the Osool Foundation for Economic and Sustainable Development and a member of the Higher Committee for Implementing Tax Reform, said in a speech during the Tax Conference for Economic Development and Stimulating the Investment Environment, "The tax conference is the first of its kind in Iraq, under the patronage of the Prime Minister and the supervision of the Higher Committee for Implementing Tax Reform.

It will present and discuss tax reform packages, the draft of the new income tax law, simplification of procedures, and the role of the tax system in supporting the national economy and attracting investment."

He continued: "The convening of today's conference is the result of significant efforts made over the past months. It is the first conference of its kind in Iraq, bringing together various stakeholders from the public and private sectors at one dialogue table with the shared goal of enhancing economic activity, which is the cornerstone of supporting national revenues and laying the foundations for economic construction and development."

He added, "The Osool Economic Development Foundation was tasked by the Prime Minister with leading a broad national tax awareness campaign. It went beyond mere media campaigns, workshops, or technical consultations, but rather transformed into a genuine reform movement, exposing challenges and conveying citizens' concerns and observations directly to decision-making centers."

He pointed out that "this campaign has contributed to fostering a new awareness in society about tax rights and obligations, and has opened the door to numerous reform initiatives, some of which will be presented at this conference, while others have already been implemented."

He pointed out that "the new national program, the Balance Program, was launched today, aiming to increase tax revenues by more than 30 percent over the next year, while achieving a high level of taxpayer compliance."

He explained that "the success of this national effort requires the participation of everyone from the media, universities, educational institutions, and ministries, in addition to the creative Iraqi youth, in whose ability we trust to develop smart applications that keep pace with the demands of the times."

 He expressed his "aspiration for the international community to contribute by intensifying its support and transferring its scientific and practical expertise to the Iraqi experience."

He added, "Tax and economic reform is not an option, but a collective responsibility. It is the path to building a robust economy based on justice and transparency, in line with international standards, which will enhance non-oil revenues and achieve sustainable development." https://economy-news.net/content.php?id=59219

The dollar continues to decline against the dinar in Baghdad

Stock Exchange  The dollar exchange rate against the dinar fell on Monday, with the closure of the two main stock exchanges in Al-Kifah and Al-Harithiya.  The selling price was 143,000 dinars for $100.

 The buying price was 141,000 dinars for $100.   https://economy-news.net/content.php?id=59230

Yellow Metal Prices Fall From A Two-Week High

economy | 11:44 - 08/25/2025   Mawazine News - Follow-up  Gold prices retreated on Monday from their highest level in nearly two weeks as the dollar strengthened, despite growing bets on an interest rate cut by the US Federal Reserve.

By 11:05 Moscow time, December gold futures (Comex) fell 0.23% to $3,410.60 per ounce.  Spot gold fell 0.18% to $3,365.64 per ounce, after hitting its highest level since August 11 last Friday.

The dollar index, which measures the greenback's value against a basket of currencies, rose 0.20% against its rivals after falling to a four-week low, making gold less attractive to foreign buyers.

Markets are currently expecting a quarter-point cut in US interest rates at the monetary policy meeting scheduled for September 17.   https://www.mawazin.net/Details.aspx?jimare=265689

Washington Appoints Josh Harris As Chargé d'Affaires To Baghdad

Political | 08/25/2025  Mawazine News – Baghdad  The US Embassy in Baghdad announced on Monday the end of the term of Chargé d'Affaires Stephen Fagin and his replacement by Josh Harris.

The embassy said in a post on the X platform, "We express our gratitude to Chargé d'Affaires Fagin for his steadfast leadership throughout Iraq and for his efforts to strengthen ties and create opportunities for American investment."

It added, "As Chargé d'Affaires Fagin prepares to depart Iraq, we look forward to welcoming the new Chargé d'Affaires, Josh Harris, next week to continue this important work.

" Josh Harris has held several positions, most notably as Policy Director for the Special Presidential Envoy for the Global Coalition to Defeat ISIS and Director of Iraq Affairs at the US National Security Council.
https://www.mawazin.net/Details.aspx?jimare=265713

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

MilitiaMan and Crew: Iraq Dinar News Update-The Future is Bright and Global

MilitiaMan and Crew:  Iraq Dinar News Update-The Future is Bright and Global

8-25-2025

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

Follow MM on X == https://x.com/Slashn

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

https://www.youtube.com/watch?v=srOzO148T48

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

Baghdad Awaits A Visit From A US Delegation To Discuss The Withdrawal Agreement

August 24, 2025  Baghdad - Qusay Munther   A high-level US delegation is scheduled to visit Baghdad in the coming days to discuss a number of issues with Iraqi officials, including the withdrawal of international coalition forces. Sources reported yesterday that "the delegation will discuss the US withdrawal from Iraqi bases, as well as issues related to the economy and energy."

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

This comes at a time when the first phases of the withdrawal of the US-led international coalition from Iraq have begun, with a US military convoy actually leaving the Ain al-Asad base for Syria last Monday.

Meanwhile, talks between Iraq and Malaysia have reached an agreement to activate the joint economic committee between the two countries, with the aim of enhancing cooperation in the fields of energy and religious tourism.

A statement received by Al-Zaman yesterday said that “Prime Minister Mohammed Shia Al-Sudani met with Malaysian Deputy Prime Minister Ahmad Zahid bin Hamidi at the government palace, where the activation of the joint supreme committee to support the economic and cultural partnership between the two countries was confirmed.”

He added that “the meeting touched on the depth of relations in various fields between the two countries and the importance of strengthening them, and the convergence of views on many foreign issues, foremost among which is the position on the war on Gaza and Islamic countries.”

Al-Sudani stressed “the importance of Malaysia’s participation in developing the Iraqi oil sector, especially with regard to the role of the Malaysian company Petronas in this regard,” stressing “strengthening cooperation in the energy sector, natural and associated gas, which represents a promising sector for investment.”

Al-Sudani called for “the formation of a joint committee to work on encouraging religious tourism between the two countries, in light of the Cabinet’s decision to exempt Malaysian citizens from entry visas to Iraq, within the principle of reciprocity.”

Al-Sudani instructed “the formation of a joint committee between the two sides to manage and organize the movement of Malaysian visitors.”

The statement went on to say that "the meeting discussed the education file, as the Malaysian delegation expressed the readiness of Malaysian universities to receive Iraqi students in various specializations, especially in the field of artificial intelligence and robotics, in addition to cooperation in the vocational education sector in various fields, in which Malaysia is a leading country."

 For his part, Bin Hamidi affirmed "his country's desire to develop relations with Iraq," expressing "his appreciation for the attention and care that Malaysian visitors to the holy shrines receive, in addition to the hundreds of thousands of visitors who visit Iraq annually."

He also pointed to "the importance of working to develop religious tourism." In a related context, President Abdul Latif Jamal Rashid reiterated Iraq's keenness to build balanced partnerships in various fields.

A statement received by Al-Zaman yesterday explained that “Rashid received Ibn Hamidi and his accompanying delegation at the Baghdad Palace, where he welcomed the delegation and conveyed his greetings to his Malaysian counterpart.”

Rashid stressed “the importance of developing bilateral relations to achieve the common interests of the two countries,” reiterating “Iraq’s keenness to build balanced partnerships based on mutual respect and joint cooperation in various fields.”

He added “the necessity of coordination on regional and international issues of mutual interest,” praising “Malaysia’s positions in supporting the Palestinian cause and standing with the Palestinian people in confronting aggression and achieving their full legitimate rights.”

For his part, Ibn Hamidi conveyed “the greetings and appreciation of the Malaysian leadership to the President of the Republic,” expressing “Malaysia’s pride in the relations that bind it to Iraq, and its sincere desire to develop paths of bilateral cooperation to serve the interests of the two friendly peoples.”  LINK

The US Accelerates The Withdrawal Of Its Forces From Two Bases In Iraq, Ahead Of Schedule.

Time: 2025/08/24 14:33:05 Read: 1,650 times   {Political: Al Furat News} Informed sources revealed on Sunday that the United States has decided to withdraw all its forces from two military bases in Iraq.
Sources revealed that the US has decided to withdraw all its soldiers from the Ain al-Asad base in Anbar province and the Victoria base at Baghdad airport.

Sources indicated that US forces are beginning to transfer their personnel to Erbil and a neighboring Arab country.

She noted that "the Americans informed their Iraqi counterparts that they would accelerate the withdrawal process and would not adhere to the timetable set out in the framework agreement between the two countries."

Sabah al-Numan, the spokesman for the Commander-in-Chief of the Armed Forces, confirmed last Monday that the withdrawal of coalition forces from Iraq was one of the government's achievements, noting that it was an indicator of Iraq's ability to confront terrorism.

He said, "The withdrawal of international coalition forces from Iraq is one of the government's achievements and an indicator of Iraq's ability to combat terrorism and maintain security and stability without needing assistance from others."

Al-Numan added, "This would not have happened without political efforts and the insistence of the Prime Minister to close this file, just as he closed the UNAMI file."

The US Embassy in Iraq announced earlier that the international coalition in Iraq would transition to a bilateral security partnership.

"This is not the end of the Global Coalition to Defeat ISIS's work, as it will continue its civilian-led efforts at the global level," the embassy said in a statement.

She added that "the coalition's military mission in Iraq will transition to a more traditional bilateral security partnership," noting that "details related to our military plans and operations will be referred to the Ministry of Defense."  LINK

Sources: US Withdrawal From Al-Assad And Victoria Bases

Political | 06:52 - 08/24/2025   Mawazine News – Baghdad  Security sources revealed on Sunday that the United States has suddenly decided to withdraw all its forces from two bases in Iraq.
The sources said that "Washington has suddenly decided to withdraw all its soldiers from the Ain al-Assad and Victoria bases in Iraq."

The sources explained that "the American forces are beginning to transfer their elements to Erbil and a neighboring Arab country," noting that "the Americans informed their Iraqi counterparts that they will accelerate the withdrawal process and will not adhere to the timetable set out in the framework agreement between the two countries."

The spokesman for the Commander-in-Chief of the Iraqi Armed Forces, Sabah al-Numan, confirmed last Monday that the withdrawal of coalition forces from Iraq is one of the government's achievements, noting that it is an indicator of Iraq's ability to confront terrorism.

The official agency quoted al-Numan as saying that "the withdrawal of the international coalition forces from Iraq is one of the government's achievements and an indicator of Iraq's ability to confront terrorism and maintain security and stability without needing the help of others."

He added that "this would not have happened without political efforts and the insistence of the Prime Minister to close this file, just as he closed the UNAMI file."

The US Embassy in Iraq announced earlier that the international coalition in Iraq would transition to a bilateral security partnership.

The embassy said in a statement, "This is not the end of the work of the international coalition to defeat ISIS, as it will continue its civilian-led efforts at the global level."

It added, "The coalition's military mission in Iraq will transition to a more traditional bilateral security partnership," noting that "details regarding our military plans and operations will be referred to the Department of Defense."   https://www.mawazin.net/Details.aspx?jimare=265658

Ministry Of Planning: Monthly And Annual Inflation Rates Decline For The Second Consecutive Month.

Sunday, August 24, 2025 | Economic Number of reads: 259   Baghdad / NINA / The Ministry of Planning announced, on Sunday, the continued decline in inflation rates in Iraq for the second month in a row, as the monthly inflation rate for last July recorded a decrease of (0.1%) compared to June, which also witnessed a decrease of (1.2%).

The official spokesman for the Ministry, Abdul Zahra Al-Hindawi, said that the annual inflation rate decreased in July 2024 by (1.2%) compared to the same month in 2023, attributing this decline to the decrease in prices of a number of sections that include (333) goods and services, and constitute about (88%) of individual spending on goods and services.

Al-Hindawi indicated that the prices of the food and non-alcoholic beverages section recorded a decrease of (1%), as a result of the decline in the food group by (1.1%), especially the prices of fish (4.1%), vegetables (2.9%), fruits (1.8%), dairy products and eggs (0.7%).

He added that four other categories witnessed a decline in their prices during July, namely: communications (0.1%), entertainment and culture (0.7%), miscellaneous goods and services (0.3%), and household equipment and supplies (0.1%).

On the other hand, the prices of six categories rose slightly, as the housing category recorded an increase of (0.8%), while the health and transportation categories rose by (0.3%) each, the tobacco category by (0.5%), and the clothing, footwear, restaurants and hotels categories rose by (0.1%), while the education category remained stable without change.

As for core inflation - which is calculated by excluding the most volatile goods such as vegetables, fruits, oil and cooking gas - Al-Hindawi indicated that it decreased by (0.8%) during last July compared to the same month in 2023. /End   https://ninanews.com/Website/News/Details?key=1247990

For The Second Consecutive Month, Planning: Monthly And Annual Inflation Rates Decline.
Economy |08/24/2025  Mawazine News – Baghdad  For the second consecutive month, Planning: Monthly and annual inflation rates decline  https://www.mawazin.net/Details.aspx?jimare=265623

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