Iraq Economic News and Points To Ponder Wednesday Morning 8-27-25

Iraq Maintains Its Credit Rating
 
August 26, 2025   Baghdad / Iraq Observer Standard & Poor's announced on Tuesday that Iraq has maintained its credit rating at B-/B with a stable outlook.
 
The agency stated in a report, according to a statement from the Ministry of Finance, that  “Iraq’s rating remained at B-/B with a stable outlook,  a positive sign that reflects the strength of the national economy and the continued confidence of international institutions in the financial path and government reforms.”

 It pointed out that   “Iraq’s economic stability is supported by an annual improvement in oil revenues of approximately 1.9% during 2025-2028,  with the continuation of government measures to manage public debt and strengthen foreign reserves,which contributes to maintaining financial balance and supporting confidence in the national economy.” 

The agency noted that   "Iraq continues to meet its financial commitments on a regular basis,
with relative improvement in deficit indicators,in addition to a stable exchange rate and high levels of reserves at the Central Bank, which strengthens the country's external position."
 
In this context, Prime Minister Mohammed Shia al-Sudani directed the  "formation of a national team to improve Iraq's credit rating,  headed by the governor of the Central Bank and including members from ministries and economic institutions.
 
The team will develop an integrated strategy and coordinate with international rating agencies,
with the goal of   enhancing confidence in the economy, attracting investment, and   reducing reliance on oil."
 
It's worth noting that this rating reflects international institutions' confidence in the financial and economic policies implemented by the government.
 
It represents a step in support of efforts to attract investment and boost economic activity,
alongside continued efforts to     develop public financial management,     diversify revenues, and
ensure optimal use of resources to serve economic stability.  https://observeriraq.net/العراق-يحافظ-على-تصنيفه-الائتماني-2/    
  
 Al-Sudani's Advisor: Iraq's External Debt Is At Its Lowest Level In History, Not Exceeding 10% Of GDP.
 
Money and Business  Economy News – Baghdad  The Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Saleh,  revealed that external public debt in all its forms is at its lowest level in the history of public finance. Mazhar Mohammed Saleh said,
 
"The Iraqi economy is one of the most cash-generating economies with high financial flexibility to meet the liquidity requirements of the     economy in general, and the     liquidity of public finances in particular,      despite the rentier economic difficulties the country is facing    due to external geo-economic factors witnessed worldwide and the Middle East in recent months."
 

Regarding external public debt, Al-Sudani's advisor explained that   "in all its forms (sovereign and commercial), it is currently at its lowest level in the country's public finance history,  with the portion due to be repaid by 2028 not exceeding 5% of GDP, or approximately 9 billion." He pointed out that
 
"adding the long-term external debt to the debt due above,it does not exceed 10% of the GDP, and a
total of approximately $18 to $20 billion."
 
Regarding borrowing procedures, Mazhar Mohammed Saleh explained that "based on the strong fiscal space provided by fiscal policy for domestic borrowing and repayment,  public finances have resorted to borrowing from the domestic market to meet public spending needs when necessary."

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

He noted that  "about 47% of this domestic public debt is in the Central Bank's investment portfolio,
backed by high foreign reserves approaching $100 billion," adding that
 
"the total domestic and external debt as a percentage of GDP does not exceed 40%,
which is within the global safe range of 60% of GDP.
 
Therefore, Iraq's public debt as a whole falls within the criteria of international financial and economic stability."
 
Mazhar Mohammed Saleh warned of "expanding debts," and that  a disciplined policy must be adopted to maximize resources,     especially non-oil ones,  as part of the current government program.

He emphasized that   "Iraq is one of the countries keen to repay its foreign debts within the public spending allocations in the annual general budget.
 
Therefore, it has enjoyed a stable credit rating from the credit rating agency since the adoption of that sovereign rating in 2016 and up to the present time,  within the framework of     a periodic evaluation conducted every six months and     periodically by the international credit rating agencies    Fitch Global and      S&P for countries around the world."  
views 791     Added 08/23/2025 - 9:40 AM    https://economy-news.net/content.php?id=59118    

Economic Institution: Central Bank Reforms Boost Investor Confidence And Open The Way To Global
 
 Markets  Local   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 said, "The current reforms have transformed the banking sector  from being restricted and deprived of dealing in dollars     to one capable of    opening correspondent banks and    reestablishing its international relations.

This will directly impact the   improvement of banking services and the   revitalization of 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     not limited to banking policies alone, but rather  are 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. 
views 56     Added 08/26/2025 - 5:41 PM    https://economy-news.net/content.php?id=59278  

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 8-27-25

Good Morning Dinar Recaps,

Commerce Department to Publish Official Statistics on Blockchain, Marking Historic Shift

The U.S. government is preparing to publish official economic statistics, including GDP data, directly on the blockchain — a landmark step that could represent one of the largest federal adoptions of decentralized technology to date.  Commerce Secretary Howard Lutnick announced the initiative during a White House Cabinet meeting, telling President Donald Trump:

“The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto president. And we are going to put out GDP on the blockchain so people can use the blockchain for data distribution.”

On-Chain GDP Reporting Could Reshape Transparency

According to Lutnick, the Department of Commerce is finalizing technical details and expects to expand blockchain-based reporting across additional agencies once the system is operational.

The plan is designed to:

• Enhance transparency in government reporting

• Prevent data tampering by leveraging blockchain’s immutability

• Modernize public access to key economic indicators for investors, analysts, and citizens

The initiative follows passage of the Deploying American Blockchains Act of 2025 (H.R. 1664), which directs the Commerce Department to serve as the federal government’s lead agency for blockchain policy. That includes setting standards, advising the president, and shaping a national blockchain strategy.

Publishing GDP data on-chain marks a tangible first step toward that mandate. For the first time, U.S. agencies will not only regulate blockchain but also actively use it as part of public data infrastructure.

A Push for Innovation Within Government

Advocates argue the initiative could:

• Reduce opportunities for manipulation or data leaks

• Provide investors with instant, verifiable data

• Set a precedent for other governments to follow

The plan reflects the Trump administration’s broader push to integrate blockchain into government operations. A January 2025 executive order directed federal agencies to accelerate digital asset innovation and craft favorable frameworks for adoption.

Lutnick’s announcement also builds on earlier efforts under Elon Musk’s D.O.G.E. Department, which had experimented with publishing government spending data on-chain before the project was abandoned.

Other agencies — including the Treasury Department, Fiscal Service, and Department of Defense — are reportedly exploring blockchain applications ranging from government spending transparency to supply-chain tracking for defense procurement.

Market Implications

The move carries major implications for global financial markets. GDP releases are among the most closely monitored indicators for investors, central banks, and policymakers worldwide.

Blockchain-based publishing would allow:

• Instant, tamper-proof access to critical data

• Reduced discrepancies between preliminary and revised reports

• Stronger trust in government statistics

While no timeline has been set, Lutnick confirmed GDP data will be the first dataset published, with potential expansion to other economic and social indicators.

By embedding blockchain into official reporting, the U.S. positions itself as a leader in data transparency and technological adoption at the federal level.

Trump Administration Seeks Regulatory Clarity on Digital Assets

Alongside this effort, the White House is intensifying work on U.S. crypto policy. President Trump’s Working Group on Digital Asset Markets, led by David Sacks, has urged regulators to provide immediate clarity on trading, custody, registration, and recordkeeping rules.

The group’s recommendations have already shaped key measures, including:

• GENIUS Act (signed into law on July 18)

• CLARITY Act (awaiting Senate review)

• Anti-CBDC Surveillance State Act (pending review)

Other actions include:

• The SEC dropping investigations into Coinbase and Uniswap

• Ending “debanking” practices targeting crypto firms

• A new executive order allowing Americans to include crypto and alternative assets in 401(k) and retirement accounts (valued at $43.4 trillion in early 2025)

SEC Chairman Paul Atkins has also launched “Project Crypto”, an initiative to modernize securities regulation and move more financial markets on-chain. The project will focus on digital asset classifications, token distribution safe harbors, and frameworks for tokenized securities.

Atkins emphasized that the goal is to bring crypto innovation back to the U.S. after years of regulatory uncertainty, further aligning with Trump’s vision of America as a leader in blockchain technology.

@ Newshounds News™
Source: CryptoNews

~~~~~~~~~

With Johnson Gone and Pham Expected to Exit, CFTC Faces Crypto Regulatory Void

The Commodity Futures Trading Commission (CFTC), one of the most important U.S. agencies overseeing digital assets, is facing a leadership crisis that could slow progress on long-awaited crypto regulations.

Commissioner Kristin Johnson, the CFTC’s sole Democrat, will step down on September 3, leaving Acting Chair Caroline Pham as the last remaining commissioner until a permanent chair is confirmed. Pham, however, is also expected to depart soon — with reports linking her to a potential role at crypto payments firm MoonPay.

At the center of the turmoil is Brian Quintenz, President Donald Trump’s nominee to lead the regulator. His stalled confirmation has created uncertainty at a time when the CFTC is expected to take a lead role in shaping the U.S. framework for digital assets.

Johnson’s Departure Ends Democratic Representation

Johnson, who joined in March 2022, emphasized her work on cyber threats and artificial intelligence in financial markets as major achievements. In her farewell statement, she warned that crypto must operate within a framework of accountability and oversight to ensure growth and market integrity are not at odds:

“The goals of growth and market integrity are not mutually exclusive. There is no true conflict between advancing the potential for growth and preserving market stability.”

Her departure removes Democratic representation from the agency’s leadership, reducing diversity of perspectives on crypto oversight.

Pham Expected to Join MoonPay

Acting Chair Caroline Pham has been vocal about her plan to leave once a new chair is in place. According to Crypto In America, she is preparing to return to the private sector, with MoonPay as her likely destination.

The CFTC confirmed her intent but stressed she remains committed to executing the president’s crypto agenda until Quintenz or another permanent chair is confirmed.

Quintenz Nomination Faces Pushback

Quintenz, a former commissioner who has built a reputation as a crypto-friendly policymaker, was nominated by Trump in February. Industry groups including the Crypto Council for Innovation, Blockchain Association, and DeFi Education Fund have endorsed him, calling him “exceptionally well-suited” to lead at a pivotal moment.

Yet his confirmation has been delayed amid White House maneuvering. Reports suggest the Winklevoss twins lobbied against him over ethics concerns tied to his role at prediction market platform Kalshi. This resistance has left the agency in limbo.

Crypto Regulation at a Crossroads

The CFTC’s leadership gap comes at a critical moment. In August, the agency launched its first “crypto sprint” with the SEC to coordinate rulemaking and clarify oversight for digital assets.

But with multiple commissioners gone, only one acting leader, and a chair nomination stuck in the Senate, the CFTC’s ability to deliver meaningful progress is in doubt. Outgoing commissioner Christy Goldsmith Romero previously warned that the exodus of top officials leaves the agency “not in a great situation” to regulate crypto effectively.

What’s at Stake

The CFTC is mandated to operate with five commissioners, but currently functions with a near-empty panel. While one commissioner can technically advance rulemaking under the Commodity Exchange Act, the lack of consensus-driven leadership weakens the agency’s ability to:

• Finalize crypto-specific regulations

• Coordinate with the SEC on jurisdictional clarity

• Enforce standards that protect investors while promoting innovation

Without stability at the top, the U.S. risks falling behind global peers in establishing a fit-for-purpose regulatory framework for digital assets.

Looking Forward

The crypto industry is watching closely. If Quintenz is confirmed, advocates expect a more innovation-friendly regulatory environment that could align the CFTC more closely with market participants. If his nomination falters, leadership uncertainty may persist, leaving the agency unable to deliver the clarity the sector has been demanding for years.

For now, the CFTC remains caught in transition — and so does the future of U.S. crypto regulation.

@ Newshounds News™

Sources:

• Cointelegraph – Kristin Johnson Departure

• CryptoNews – Caroline Pham Expected to Join MoonPay

~~~~~~~~~

Ripple News: Wall Street Quietly Loads Up on XRP as Payment Rails Go Live

XRP adoption is surging in 2025, with institutions, investment firms, and SPACs integrating it into traditional finance at a scale not seen before. Exchange-traded fund (ETF) filings and corporate reserves suggest Wall Street is quietly positioning itself for an XRP-driven payments era.

Institutional Adoption Accelerates

More than 60 companies — including SBI, Trident, Webus, VivoPower, Wellgistics, Nature’s Miracle, Hyperscale, Flora, and Worksport — have either filed or announced plans to create XRP reserves.

This strategy mirrors early Bitcoin treasury models but with a sharper focus on utility and payments rather than a passive store of value. XRP’s ability to power cross-border payments, settlement, and financial infrastructure makes it increasingly attractive to corporate treasuries.

At the same time, groups such as Armada II and Arrington Capital are leveraging Special Purpose Acquisition Companies (SPACs) to invest directly into the XRP ecosystem. This approach moves beyond speculative holding and integrates XRP into broader corporate and financial architecture.

Rumors of a National XRP Reserve

Speculation is growing around the possibility of a U.S. national XRP reserve.

In early 2025, President Donald Trump announced plans to create a strategic crypto reserve featuring Bitcoin, Ethereum, Solana, Cardano, and XRP. While officials avoided explicitly naming XRP in follow-up discussions, many analysts and retail investors believe the new payments system being developed points directly to Ripple and the XRP Ledger (XRPL).

One crypto commentator on X noted:

“Trump and Son, as well as Bessent, have refrained from using XRP in their vocabulary, but @POTUS lays it out in advance and said we’re moving to a new payments system: sure sounded like @Ripple, XRP, and the XRPL.”

Wall Street’s ETF Push

Perhaps the strongest sign of Wall Street’s entry into XRP is the wave of ETF applications. At least ten major firms have filed proposals for XRP-based exchange-traded funds.

• In July 2025, the SEC approved ProShares Ultra’s XRP ETF on NYSE Arca — the first official XRP ETF listing in the U.S.

• Pending applications include 21Shares, Grayscale, Bitwise, Canary Capital, and others, with additional approvals expected as early as October 2025.

The move toward regulated financial products underscores growing institutional confidence in XRP as both an asset class and a core payments rail.

Outlook

With corporate reserves, SPAC-driven investment vehicles, ETF approvals, and speculation of a national reserve, XRP is rapidly transitioning from a niche utility token into a cornerstone of institutional finance.

As Wall Street deepens its involvement and the federal government hints at integrating XRP into a national payments strategy, 2025 may mark the year XRP cements its role at the center of the evolving global financial system.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

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“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

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

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

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

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

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=k-MN2q2M204

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

~~~~~~~~~

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   

~~~~~~~~~

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

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

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

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

 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/