Iraq Economic News and Points To Ponder Thursday Morning 8-28-25

 Central Bank: Gold Enhances Stability, Debt Constrains Budget
 
Baghdad Today – Baghdad   In a country where crises alternate between  politics and finance, the structure of the Central Bank of Iraq's assets reveals a deeper picture than mere   ratios and   numbers. 

The assets, which alternate between    gold,   securities, and  government receivables, are not simply bank accounts;  they reflect the trajectory of a state seeking stability amid  internal and  external storms, according to experts.

Manar Al-Obaidi, an economic expert, explained in a post on his Facebook page, followed by Baghdad Today, that securities, despite maintaining their leading position at 27% in 2025,  declined from their previous share of 37% in 2022.
 
This decline is interpreted by analysts as a   loss of one of the liquidity tools  that gives banks immediate flexibility in the face of pressures.
 
In contrast, gold jumps from 6% to 12.6%,   representing a shift towards "solid security,"a move that observers see as reflecting  deep concern about the fragility of markets and a  desire to seek refuge in the indestructible metal.
 
But the picture is not complete without mentioning the deposits of other banks,  which have risen to 26%, giving the Central Bank greater maneuverability at a time when the Ministry of Finance's dues still account for nearly a quarter of assets.
 
These dues have not actually decreased,     but have remained virtually constant,     which analysts see as a continuation of the intertwining of   monetary policy and   public finances,sometimes     turning the Central Bank into a larger creditor of the state itself.
 
The historical background reveals that this connection is not new.
 
Since 2003, the Central Bank has found itself at the heart of the equation for      financing budget deficits, through the   purchase of treasury transfers and   lending to the Ministry of Finance.
 
The Central Bank Law, which grants it formal independence,     has not prevented practical interference,
          making government receivables a structural gap that is difficult to fill.
 
Not far from this, loans to finance small and medium enterprises    increased from 5% to 7%,
which experts see as a glimmer of hope for a development trend that requires  monitoring and
guarantees,
 
for fear that it could become a new burden on assets if these projects are unable to repay.
 
Foreign investments and deposits in foreign banks declined from 62% to 53%,  revealing a reallocation inward through   gold and     quidity,   but also a loss of a portion of the regular returns previously provided by foreign markets.

A gradual reading of these figures suggests that the Central Bank     is attempting to balance financial security with investment,     but it is encountering a fundamental obstacle:    more than a third of its assets are made up of  loans and  liabilities,   making the sustainability of its monetary structure
dependent on the obligations of other parties,   most notably the Ministry of Finance.
 
In conclusion,  it is clear that the central bank's structure  remains captive to the weight of government debt,  despite diversification attempts.
 
Gold and  liquidity     provide an additional margin of safety,   but this is insufficient   unless these transformations are accompanied by  a clear strategy that decouples the structural link between  monetary and  fiscal policy  and restores the flexibility of the monetary institution as a guardian of stability.
 
Source: Economic expert Manar Al-Obaidi's Facebook page + Baghdad Today + Agencies      
https://baghdadtoday.news/281891-.html   

International Development Bank Launches Iraq’s First Smart Branch
 
    Business     Iraq     Jawad Al-Samarraie     August 27, 2025    An interior shot of a modern, technology-focused bank branch    Baghdad (IraqiNews.com) – The International Development Bank (IDB),     one of Iraq’s largest and leading private banks,  announced today, Wednesday (August 27, 2025), the  launch of the country’s first smart branch.
 
The new branch will allow customers to complete all banking transactions without needing staff, 24/7,
a move that highlights the bank’s commitment to   digital transformation and     innovation    in Iraq’s banking sector.
 
According to a statement from the bank, the new smart branch is located
within the IDB’s general administration building on Abu Nuwas Street in Baghdad.
 
It offers a fully integrated digital banking experience, enabling     individuals,     companies,     investors, and     content creators   to conduct a wide range of transactions in minutes.
 
Services include     opening accounts,     deposits,     withdrawals,     issuing checkbooks and banking cards, and     transferring funds.
 
The branch also provides innovative services like     buying gold ounces,     printing account statements,
  settling loans, and     receiving payments for content creators.
 

In addition to self-service options,   customers can speak directly with customer service representatives via audio and video   to ensure a more interactive and flexible banking experience.
 
Wissam Al-Ameri, the head of the marketing department at the IDB, stated that the launch of the smart branch reflects the bank’s commitment to  prioritizing customers by providing innovative and easy-to-use solutions.

He believes this step  is a qualitative leap in banking services in Iraq and   reinforces the bank’s position as a leader in digital innovation.     https://www.iraqinews.com/business/international-development-bank-smart-branch-iraq/  

Consensus On The Inevitability Of Strategic Planning And Digitization Of Financial Operations
 
Economic 08/28/2025   Baghdad: Hussein Thaghab    Participants in the forum, organized by Bayt Al-Hikma Consulting  in cooperation with the German GIZ organization, emphasized the importance of     strategic planning and     digitization   in enhancing government and economic performance.

They emphasized that these elements represent essential pillars for Iraq's  advancement and   transition to a new phase  in line with global developments in various service and production sectors.
 
Participants explained that the government is currently working to implement serious initiatives aimed at     achieving a qualitative leap in the level of public services and     improving economic performance,
 
while leveraging advanced technology to     enhance the exploitation of the country's natural and human resources,   enabling comprehensive and sustainable development across all sectors.
 
In his speech at the forum, Chairman of the Securities Commission, Faisal Al-Haimus,emphasized that
 strategic planning,  informed leadership, and   digitization  are not an option, but rather an urgent necessity.

He pointed out that planning    provides the foundation for a promising future and    enables ambitious leadership to achieve positive results that enhance the work reality and    contribute to propelling the country toward safety.

Al-Haimus emphasized that  digitization is a national project that    enhances performance efficiency,    supports transparency, and    opens broader horizons   for financial inclusion that serves all segments of society.

 He pointed out that   building institutions, creating a ladder for development, and achieving general renaissance    are based on    sound planning and   ambitious leadership, which makes digitization a vital tool for advancing Iraq's economic and administrative reality.
 

For his part, Undersecretary of the Ministry of Commerce, Sattar Al-Jabri, praised the forum, stressing that its content combined key themes that represent a priority for the  government:    leadership,   strategic planning, and    digitizing financial operations.

Speaking to Al-Sabah, Al-Jabri explained that the complementary work between these themes contributed to significant achievements in terms of simplifying procedures and   improving performance.

He pointed out that  digital transformation has become an absolute necessity to keep pace with global developments, and that the
 
Ministry of Commerce's next goal is to build an integrated financial and administrative system that
    supports the national economy and    raises the level of services to significant levels, while
 
emphasizing the importance of cooperation between the public and private sectors to achieve sustainable development.
 
In her speech, delivered on behalf of Dr. Ahmed Al-Dahlaki, the Minister of Finance considered the forum to be an important contribution to financial and administrative reform, noting that
 
the focus on building an integrated digital economy represents a key pillar of    financial stability and
 enhancing integration with global economies and the  rapid digital transformations they are witnessing.

Al-Dahlaki explained that strategic planning must place human capital at the heart of development, and that leveraging advanced technology is essential to raising the level of performance in various institutions,whether in the    public or    business sectors.
 
He emphasized the role of digitization in   raising efficiency, achieving transparency, and
    facilitating financial and administrative workflows.
 
In turn, Hisham Khaled, CEO of Bayt Al-Hikma, told Al-Sabah that  strategic planning, leading digital transformation, and   expanding the base of financial inclusion    are crucial to achieving a qualitative shift in the country's reality.

He pointed out that leveraging the best international experiences in this field has demonstrated the ability of  strategic planning and  digitization   to  bring about a clear renaissance in various countries,  facilitate performance paths, and  achieve tangible results on the ground.

 Khaled explained that  strategic planning represents the compass that    determines the right direction and    provides a solid foundation  for implementing digital transformation in an integrated manner, emphasizing that
 
integrating modern technology at all levels of work ensures    enhanced efficiency and    transparency, and    has a broad positive impact on  government performance and   services provided to citizens. 

Participants noted that the government's commitment to   strategic planning and    digitization   goes beyond improving financial and administrative performance,
 
but also extends to    enhancing public services and    creating a   sustainable and    resilient economic environment   capable of responding to global and local challenges.
 
This focus is placed on building an integrated, technology-driven system that    optimally utilizes human capital to   achieve sustainable development goals,   enhance financial inclusion, and   promote economic and social stability.
 
The speakers emphasized that these efforts align with    global trends in institutional development,
    improving service efficiency, and    creating a more transparent and fair work environment.
 
This, they said, contributes to    strengthening trust between citizens and the state,    laying the groundwork for economic growth, and    achieving a comprehensive renaissance.
 
At the conclusion of the forum, everyone emphasized that    strategic planning,    conscious leadership, and the  digitization of financial operations    are not merely regulatory tools, but rather   constitute the foundation for sustainable economic and social development.
 
They pointed out that the success in implementing these principles will bring Iraq closer to the levels reached by leading countries in the field of   digital management,  financial transparency, and    economic inclusion, while    creating an environment capable of making the most of human and natural resources, and    achieving a qualitative leap in all economic sectors. And service.   https://alsabaah.iq/119692-.html  

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

“Tidbits From TNT” Thursday Morning 8-28-2025

TNT:

Tishwash:  A gradual plan to shut down Wi-Fi in Iraq has been put in place.

The Ministry of Communications revealed on Thursday a gradual plan to shut down Wi-Fi services in Iraq.

The ministry said in a statement received by Al-Eqtisad News, that "Minister of Communications Hiyam Al-Yasiri chaired an expanded meeting that included the companies (Earthlink, Supercell, and FiberX) in the presence of the ministerial team.

During the meeting, fiber optic projects were followed up and the conversion of service subscriptions to electronic via the National Data Center (onboarding) was discussed, as well as the gradual scheduling of Wi-Fi shutdowns with the aim of converting subscribers to FTTH services."

The statement added that "the meeting reviewed mechanisms for expanding the fiber optic network to reach all residential areas, including villages and rural areas," noting that "these steps are part of the minister's strategy to advance the communications and information technology sector and strengthen Iraq's position in the field of digital networks in the service of the public interest." ink

Tishwash:  A congressional delegation arrives in Baghdad for talks with Al-Sudani on stability and deepening relations

Prime Minister Mohammed Shia al-Sudani received a US Congressional delegation in Baghdad on Wednesday, including Republican Representative Darin LaHood and Democratic Representative Steve Cohen. During the meeting, they discussed ways to develop bilateral relations between Iraq and the United States, enhance cooperation in the energy and investment sectors, and discuss regional developments and Iraq's role in supporting dialogue and consolidating stability.

Al-Sudani's office said in a statement:

Prime Minister Mohammed Shia al-Sudani received a delegation from the US Congress today, Wednesday, including two members of the House of Representatives: Republican Darin Lahoud and Democratic Steve Cohen. They discussed developing bilateral relations and ways to enhance them in various fields.

His Excellency welcomed the visiting delegation's visit to Baghdad and commended their efforts to strengthen bilateral relations, particularly within the framework of the Strategic Framework Agreement. He also emphasized Iraq's keenness to enhance joint cooperation with the United States, particularly in the areas of energy and investment.

The situation in the region was reviewed, with the Prime Minister highlighting Iraq's firm and supportive stance toward dialogue to establish security and stability and expand the scope of the relationship to include various sectors.

For their part, the congressional delegation expressed their admiration for the progress achieved in Iraq in terms of construction and stability.

They thanked Iraq for its close cooperation in the fight against terrorism, praised the level of relations between the two countries, and considered them essential to the United States. They described Iraq as an important partner, and affirmed the US administration's desire to cooperate closely with Iraq and work with it to achieve stability throughout the region.   link

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

Tishwash:  The International Development Bank launches the first smart branch in Iraq.

 The International Development Bank, one of the largest private banks and a pioneer in banking services and solutions in Iraq, announced the launch of the first smart branch of its kind, enabling banking transactions to be completed fully without the need for staff, 24 hours a day, seven days a week. This step reflects the bank's commitment to digital transformation and promoting innovation in the Iraqi banking sector.

The new branch, located within the International Development Bank's General Administration Building on Abu Nuwas Street in Baghdad, will be accessible to all customers as the country's first fully integrated digital banking experience.

The smart branch provides its customers with a unique way to complete their banking transactions within minutes, whether for individuals, companies, businessmen, investors, entrepreneurs, or content creators. This is achieved through an integrated suite of digital services, including opening bank accounts and deposits, withdrawing and depositing funds, depositing bank checks and requesting the issuance of checkbooks, requesting the issuance of bank cards, transferring funds between accounts, purchasing gold ounces, printing account statements, settling loans, receiving content creator profits, and other innovative services.

The branch also allows customers to speak directly with customer service representatives via audio and video, ensuring a more interactive and flexible banking experience and addressing customer needs immediately.

The Director of Marketing at the International Development Bank, Wissam Al-Amri, stated, "The launch of the smart branch reflects our commitment to placing our customers at the heart of our priorities by providing innovative and easy-to-use banking solutions that enable them to manage their financial needs efficiently and at any time. We believe this step represents a qualitative shift in banking services in Iraq and strengthens the International Development Bank's position as a leader in innovation and digital transformation."

With this pioneering step, the International Development Bank consolidates its position as the first Iraqi bank to launch a smart branch, keeping pace with global developments in the banking sector and affirming its commitment to providing the best financial solutions to its customers  link

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

Estimated At $500 Billion, Legal Researcher: Recovering Smuggled Iraqi Funds Is Possible Through International Agreements.

Wednesday, August 27, 2025, | Politics Number of reads: 149   Baghdad / NINA / Legal researcher Ali Al-Tamimi confirmed that Iraq has the legal paths and international agreements that allow it to recover the money smuggled out of the country, estimated at $500 billion.

Al-Tamimi said in a statement, "The 2005 United Nations Anti-Money Laundering Convention on the recovery of smuggled funds stipulated in Articles (55 and 56) clear mechanisms for recovery, and Iraq signed it by Law No. (35) of 2007," indicating that "these funds are estimated at $500 billion."

He added, "There are about $65 billion in the US Federal Reserve that belong to the former regime and are the property of the Iraqi people, and Iraq can claim them according to Article (28) of the 2008 Iraqi-American Strategic Agreement, which allows Iraq to request economic assistance from the United States."

Al-Tamimi pointed out that "Article (50) of the United Nations Charter allows countries fighting parties under Chapter VII to request economic assistance from the Security Council. Britain and France have announced their readiness to provide assistance, and Iraq has already fought ISIS, which is listed under Chapter VII pursuant to Security Council Resolution No. 2170 of 2014."

He continued, "Iraq has exited Chapter VI of the United Nations Charter after fully paying the financial dues with Kuwait, which amounted to $4.5 billion, but the continuation of political, security and economic crises may lead to the Security Council returning to placing Iraq under international trusteeship, i.e. Chapter VII."

Al-Tamimi pointed out that "countries such as the Philippines, Nigeria, Algeria and Egypt have succeeded in recovering their smuggled funds under the aforementioned agreement, in coordination with the United Nations and the countries in which these funds were deposited, and this is a passable path for Iraq as well."  https://ninanews.com/Website/News/Details?key=1248744

Congress Expresses The US Administration's Desire For Close Cooperation With Iraq To Achieve Stability In The Region.

Local  A US congressional delegation expressed, on Wednesday, the US administration's desire for close cooperation with Iraq to achieve stability in the region.

The Prime Minister's media office said in a statement, "Prime Minister Mohammed Shia al-Sudani received, today, Wednesday, a delegation from the US Congress, including two members of the House of Representatives: Darin Lahoud from the Republican Party, and Steve Cohen from the Democratic Party, where they discussed developing bilateral relations and ways to enhance them in various fields."

The Prime Minister welcomed the visiting delegation's visit to Baghdad and commended their efforts to strengthen bilateral relations, particularly within the framework of the Strategic Framework Agreement. He also stressed Iraq's keenness to enhance joint cooperation with the United States, particularly in the fields of energy and investment.

The situation in the region was reviewed, with the Prime Minister pointing to "Iraq's firm and supportive stance toward dialogue to establish security and stability and expand the scope of the relationship to include various sectors."

For their part, the congressional delegation expressed their admiration for "the progress achieved in Iraq in terms of construction and stability, and thanked Iraq for its close cooperation in the fight against terrorism," praising "the level of the relationship between the two countries and considering it an essential relationship for the United States."

They described Iraq as "an important partner," noting the US administration's desire to cooperate closely with Iraq and work with it to achieve stability throughout the region. https://economy-news.net/content.php?id=59313

To Maintain Economic Security, National Security Announces "Qualitative Operations" And Seizes Materials Worth Billions.

Local  The National Security Service announced, on Wednesday, the implementation of qualitative operations to combat smuggling, while seizing materials worth billions.

A statement by the service said, "As part of the ongoing efforts to maintain the country's economic security and combat smuggling and illegal imports, the National Security Service, in cooperation with its specialized directorates, carried out a series of qualitative security operations in several governorates, resulting in the seizure of large quantities of smuggled materials that violate legal controls."

The statement added, "The Ports Security Directorate, in cooperation with the Anbar Security Directorate, and based on accurate intelligence information and intensive field follow-up, was able to seize two vehicles loaded with (48 tons) of chicken imported from origins legally prohibited from import, in addition to arresting the drivers and referring them to the competent judicial authorities.

It was also able to thwart an attempt to smuggle a large quantity of prohibited materials, as two large vehicles were seized containing (3,640 cartons of food and food prohibited from import), with three suspects arrested and all seized items referred to the competent authorities."

In Diyala Governorate, security detachments seized two vehicles carrying live chickens with an increase estimated at (3,650 chickens) without a proper veterinary health certificate, and they were referred to the competent authorities based on a proper seizure report, according to the statement.

He continued: "Our apparatus in Kirkuk, in cooperation with the Ports Security Directorate, succeeded in thwarting an aluminum smuggling operation during a thorough inspection campaign, where three transport vehicles carrying (17 tons) of aluminum were seized due to violating the legally specified shipment route, and the vehicles and drivers were handed over to the competent authorities to complete the investigations.

" The Ports Security Directorate in Baghdad carried out "a qualitative security operation that resulted in the seizure of a large shipment of smuggled motorcycles, where a large transport vehicle was seized containing a container inside it containing (400) motorcycles prohibited from import, with the driver arrested and detained pending investigation."

The statement concluded by stressing that "all the aforementioned operations were carried out after obtaining the necessary judicial approvals, and all the seized items and the accused were handed over to the competent authorities to take the necessary legal measures in accordance with the applicable laws." https://economy-news.net/content.php?id=59310

Makiya: Iraq Has The Potential And Opportunities To Become A Global Investment Hub.

Reconstruction and construction   Economy News – Baghdad  Chairman of the National Investment Commission, Haider Makiya, said on Wednesday that Iraq possesses the potential to become a global investment hub.

This came in a speech he delivered during a workshop held at the Commission's building in the capital, Baghdad, on security and investment.

In his speech, Makiya said that experience has proven that when an investor enters a country, he seeks to ensure the security of his capital, and that security is not only a factor that helps investment, but is also a condition for its existence and continuity.

He added that the Authority is responsible for providing investment opportunities in collaboration with security and executive institutions to protect projects from the laying of the foundation stone until they are operational.

Makiya also emphasized that successful investment cannot thrive in an isolated environment. Rather, we require the cooperation of the entire state and a strategic framework between the security services and executive institutions.     https://economy-news.net/content.php?id=59301

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

$6.4 Trillion Debt Wall Hits as Treasury Scrambles for Buyers

$6.4 Trillion Debt Wall Hits as Treasury Scrambles for Buyers

Taylor Kenny:  8-26-2025

The U.S. national debt isn’t just a number on a ledger; it’s a critical indicator of the nation’s financial health, and right now, it’s flashing red. A recent video from ITM Trading featuring Taylor Kenney sheds alarming light on the unprecedented challenges facing the country’s debt refinancing process, a situation that could have profound implications for every American.

Here’s the stark reality: by the end of 2025, the U.S. will need to refinance a staggering $6.4 trillion in debt. To put that in perspective, imagine a mortgage payment so massive that the entire global financial system is scrambling to find lenders.

This isn’t just a problem for future generations; it’s an immediate, looming crisis that requires a deeper understanding.

So, what happens if demand for U.S. debt falters, and these strategies fail? The video highlights the ultimate, and perhaps most concerning, fallback: the Federal Reserve could resort to printing money to finance the debt.

This isn’t just a problem for politicians and economists; it’s a wake-up call for every individual. The video from ITM Trading advocates for preparing for these risks by diversifying wealth outside of the conventional financial system.

Specifically, it emphasizes the importance of physical gold and silver. These precious metals have historically served as reliable stores of value and wealth preservers during periods of currency collapse and economic instability.

They represent a tangible asset that isn’t dependent on the solvency of any government or the stability of a fiat currency.

The U.S. national debt crisis is a complex and evolving situation with potentially severe consequences. Staying informed, understanding the risks, and considering proactive strategies to protect your financial future has never been more critical.

https://youtu.be/xsmhrrvim3o

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

Good Afternoon Dinar Recaps,

BRICS Plan: China’s New Currency Backed by Electricity, Not Oil

China is preparing to launch a bold new digital currency model that could redefine global trade: an electricity-backed renminbi. Unlike traditional fiat systems tied to gold reserves or oil exports, digital currencies allow nations to peg value to their most strategic resources. For China, that asset is electricity.

This move highlights the versatility of digital currencies in the 21st century — where countries are no longer constrained to gold or oil but can leverage the resource base where they hold the greatest advantage.

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

From Gold & Oil to Electricity: A New Reserve Standard

Historically, major currencies have drawn legitimacy from the resources underpinning them:

• Gold underpinned global money for centuries.

• The U.S. dollar rose to power by linking itself to oil through the petrodollar system.

Now, as economies transition toward clean energy, China is pioneering the first electricity-backed digital trade currency. Payments for international electricity exports would be required in renminbi, boosting demand for the currency across energy markets much as oil once did for the dollar.

Why Electricity Works as a Digital Currency Backing

Digital currencies make it possible to tie money directly to flow-based assets — like electricity — which were historically difficult to use as reserves. Electricity is:

• Universal: Every modern economy runs on power.

• Measurable in real-time: Digital ledgers can account for generation and consumption with precision.

• Scalable: China’s renewable build-out creates near-unlimited capacity for growth.

This shows how digital money can anchor itself to whatever resource a nation excels in, whether that be gold, oil, lithium, water, or electricity.

China’s Energy Projects Fuel the Strategy

China’s dominance in renewable power is anchored by record-breaking infrastructure projects:

• The world’s first thorium reactor is now online.

• The Yarlong Tampu Mega Dam in Tibet will generate 300 billion kilowatt hours annually, enough to power the entire United Kingdom.

These projects provide both the supply base and the financial leverage for an electricity-backed monetary system.

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

BRICS De-Dollarization in Action

China is already applying this strategy across the Global South:

• Laos signed a $1.45 billion clean energy deal settled directly in renminbi.

• Ghana’s hydropower station supplies one-third of national electricity under RMB-based financing.

Each project bypasses the dollar, embedding renminbi-backed digital finance into local economies.

The Bigger Picture: Digital Currency Versatility

China’s experiment underscores the evolution of money:

• Gold-backed digital assets (tokenized reserves)

• Commodity-backed stablecoins (oil, natural gas, lithium)

• Electricity-backed digital currencies (China’s latest model)

By leveraging blockchain, nations can monetize their strongest assets in ways the old system never allowed.

Sidebar: Ripple and the Asset-Backed Digital Currency Trend

While BRICS nations experiment with electricity and gold, the U.S. is pursuing its own digital asset strategy through Ripple and regulated stablecoins. Ripple’s work with central banks and institutions demonstrates how tokenized reserves can be tied to real-world assets — from fiat dollars to commodities.

This shows the versatility of digital currencies:

• China/BRICS: Electricity, oil, gold, or minerals.

• Ripple/U.S.: Dollar reserves and tokenized assets.

Both approaches highlight the same principle: in the digital age, currencies don’t need to be tied to just gold. Instead, nations can monetize their strongest assets to anchor value and build resilience into the global financial system.

Outlook

If successful, China’s electricity-backed digital renminbi could:

• Reduce global reliance on the dollar in energy trade

• Internationalize the RMB across renewable-powered economies

• Demonstrate a new paradigm where digital currencies are flexible enough to be tied to any resource a nation chooses

In parallel, Ripple’s asset-backed token strategies show the West can leverage the same principle with regulated digital currencies. Together, these developments illustrate a new era of programmable, resource-backed money.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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The Fed Can’t Save us from a 70% Market Crash!

The Fed Can’t Save us from a 70% Market Crash!

Wealthion:  8-26-2025

Are we standing at the precipice of an economic reckoning?

According to veteran investor and organic chemist Dave Collum, the answer is a resounding yes. In a recent, in-depth conversation with Wealthion, Collum delivered a sobering assessment of the global markets, arguing that the entire economic system is engulfed in a “massive bubble” unlike anything we’ve witnessed before.

His insights paint a stark picture, suggesting that the “game is over” for conventional monetary policy and an inevitable, significant correction looms.

Collum doesn’t mince words: current market valuations are at historically unprecedented levels, soaring approximately 200% above the long-term average. This isn’t just a deviation; it’s a dramatic inflation that, according to Collum, signals an inevitable “regression to the mean.” What could this mean for your portfolio? He warns of a potential 65-70% correction in the S&P 500, a figure that should make any investor sit up and take notice.

A critical component of Collum’s argument is the ineffectiveness of traditional tools available to the Federal Reserve. He believes that the conventional monetary policies designed to manage economic cycles and control inflation are no longer viable. With interest rates already low and aggressive stimulus measures having been exhausted, the Fed is “white-knuckling” its approach, lacking the tailwinds it once enjoyed.

Collum, reflecting on his decades-long investing career, draws parallels to the late 1990s tech bubble. However, he emphasizes a crucial distinction: the current bubble is “far more pervasive.” This isn’t just about overvalued tech stocks; it affects almost every asset class and economic sector, extending even to the prices of basic goods like eggs.

Official inflation statistics, Collum contends, have significantly understated the true picture for years. He estimates real inflation could be double the reported figures, masking an ongoing recession in real terms.

 This hidden inflation creates a precarious environment where inflation expectations are already baked into wages and contracts, severely limiting the Fed’s ability to maneuver without triggering widespread market chaos.

Finally, Collum critiques the overly optimistic return expectations held by many investors. He points out that over long time horizons, inflation-adjusted returns on equities have been historically low, and current valuations imply future returns will likely be negative or very subdued.

Dave Collum’s insights serve as a powerful wake-up call, urging investors to re-evaluate their strategies in what he describes as an unprecedented and dangerous economic landscape. His message is clear: the rules of the game have changed, and a cautious, contrarian approach focused on safety and real assets may be the wisest path forward.

For a deeper dive into Dave Collum’s insights and a full understanding of his compelling arguments, be sure to watch the full video from Wealthion.

https://youtu.be/PV6C5QSWv_M

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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