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

Maximizing Revenue
 
Economic 08/28/2025   Abdul Zahra Muhammad Al-Hindawi   When I say that the Iraqi economy is still unilateral and moving on one foot,I do not consider myself the discoverer of electricity,  which still represents Iraq's first story! Rather,
 
everyone knows and acknowledges this, as the  non-oil sectors   are still crawling on their seats and   have not recorded a notable presence in the economic scene,  at a time when the state has no choice but to move towards maximizing its revenues, in light of the escalation of expenditures to the point that oil revenues are no longer able to meet the requirements of that spending,  whether operational or investment.

So, how can we   find other resources to support the budget and  thus reduce our dependence on oil?

Maximizing revenues necessarily leads to  increased financial resources through economic diversification.
 
The five-year development plan for the years 2024-2028 talks about its goal of raising the contributions of the     agriculture,     industry and  tourism sectors to rates ranging between 2-4%, and   improving the collection of direct and indirect taxes,  which will contribute to achieving an amount of 79 trillion dinars over five years,  compared to more than 600 trillion dinars representing oil revenues,  which is a very small percentage.

Hence, it is imperative that all state institutions strive diligently to search for sources to maximize their revenues.

However, this maximization     should not be at the expense of the people, and this maximization
 should not go entirely to the public treasury (Ministry of Finance).
 
Rather, there must be an incentive for the entity that has succeeded in finding sources to maximize its resources,  so that it has a share of these resources,  which it can   invest in maintenance, or in   developing the resource itself, or   granting incentive bonuses to its workers,   so that this will be an incentive for others to strive diligently. On this path.
 
Perhaps among the sources of maximizing the state’s resources are     addressing tax evasion, simplifying procedures,  controlling border crossings, and  investing in infrastructure and strategic projects, such as the   development road, the   Grand Faw Port project,   airports,  industrial and economic cities, and most importantly,   strengthening,   encouraging, and    improving partnerships with the private sector, especially after the   establishment of the Special Council to  manage and  develop this sector.
 
Naturally, this also necessarily requires developing the financial and banking sector, in addition to adopting a digital transformation policy to increase sales,  without forgetting the importance of improving human resources management,   as it is the main driver and guide for all paths. Development.    https://alsabaah.iq/119693-.html 

The Ministry of Planning announces the adoption of a mechanism to combat counterfeit gold on a large scale.    Buratha News Agency1632025-08-27

The Ministry of Planning announced on Wednesday the adoption of a mechanism to combat counterfeit gold on a large scale, while indicating that the counterfeit gold pieces leaking into the markets do not pose a significant risk.

The spokesperson for the Ministry of Planning, Abdul Zahra Al-Hindawi, told the official agency that “the Central Organization for Standardization and Quality Control in the Ministry of Planning is the body responsible for following up on the granting of licenses to practice goldsmithing and the marking of gold jewelry, where the marking is done through the presence of inspection units at airports (Baghdad Airport, Najaf Airport, Basra Airport, and Kirkuk Airport),” indicating that “these units affiliated with the Central Organization for Standardization and Quality Control inspect and mark any gold shipment entering Iraq directly at the airport, after which a license is granted for trading in the markets.”

He added, "There are committees from the Central Agency for Standardization and Quality Control that conduct continuous visits to inspect goldsmith shops and ensure that the gold in circulation is sound gold, marked with the agency's stamp and is not adulterated. In the event that any violation is detected, such as the presence of adulterated gold or otherwise, legal measures are taken or the violator is referred to the judiciary to take legal action against him."

 He explained that "this mechanism has been able to contribute significantly to combating adulterated gold, but there may be some gold pieces that are leaked into the markets and do not pose a significant risk, and they are quickly discovered, even by consumers themselves."

Al-Hindawi also pointed out that "the agency's teams are continuing their work in this area, whether through airport inspections or monitoring goldsmiths' shops. In addition, there are other regulatory bodies, not just the Ministry of Planning, that are concerned with market and economic issues and monitor gold." He noted that "gold represents a significant economic sector, and it is very important that this commodity be monitored extensively and continuously." https://burathanews.com/arabic/economic/464337

Kurdistan deposits 120 billion dinars of non-oil revenues into the federal finance account.
Economy | 08/28/2025  Mawazine News – Baghdad  The Ministry of Finance of the Kurdistan Regional Government deposited 120 billion dinars of non-oil revenues into the account of the federal Ministry of Finance.

According to a source in the Ministry of Finance of the regional government, it was explained that "the ministry began yesterday, Wednesday, the procedures for depositing the amount, which were completed today," noting that the amount was deposited into the account of the federal Ministry of Finance at the Erbil branch of the Central Bank of Iraq.

The source added that the Kurdistan Region has fulfilled all its obligations towards Baghdad, and all that remains is for Baghdad to finance the June salaries of the Kurdistan Region's employees in accordance with the agreement.

The Iraqi Council of Ministers had approved on (August 26, 2025) the Ministry of Finance's disbursement of the salaries of the Kurdistan Region for the month of June 2025, "with the regional government paying (120) billion dinars as an installment for non-oil revenues, according to the text of Council of Ministers Resolution No. 636 of 2025."

The Council instructed the joint committees to continue their work and directed the "formation of a legal team" comprising the Prime Minister's legal advisor and the heads of legal departments in the General Secretariat of the Council of Ministers, the Ministry of Finance, and the Federal Board of Supreme Audit, in coordination with representatives of the Kurdistan Regional Government, to "resolve legal disputes related to non-oil revenues, in accordance with the law."

Over the past four months, Kurdistan Region employees have received only one salary: the May salary, which was disbursed on July 24.   https://www.mawazin.net/Details.aspx?jimare=265851

Central Bank: Iraq imported goods worth $87 billion in 2024.

Economy | 08/28/2025  Mawazine News – Baghdad  The Central Bank revealed the value of Iraq's imports of goods from abroad during 2024.

The bank stated in a statistic monitored by Mawazine News that the value of goods imported from outside Iraq during 2024 amounted to $87 billion.

The bank indicated that "the value of imported goods amounted to $87.410 billion, an increase of 32.78 percent compared to 2023, when the value of Iraqi imports amounted to $65.826 billion."

It indicated that "Asian countries came first in terms of the value of imports, which amounted to $59.045 billion, followed by Western European countries with a value of $11.058 billion."

He added that the statistics showed that "Arab countries came third with a value of $9.073 billion, South American countries came fourth with a value of $4.082 billion, and North American countries came fifth with a value of $2.736 billion."

The bank explained that imports from Eastern Europe amounted to $1.031 billion, from Oceania countries $140 million, from non-Arab African countries $131 million, and finally from Central American countries $114 million.

The bank continued that the most important imports included transportation equipment and machinery worth $33.653 billion, followed by miscellaneous goods worth $13.811 billion, manufactured goods worth $9.965 billion, mineral fuels worth $8.566 billion, and food products worth $4.720 billion. https://www.mawazin.net/Details.aspx?jimare=265872

A Government Bank Launches An Account Statement Service For Visa Purposes.

Banks  Economy News – Baghdad  Rafidain Bank announced today, Thursday, the launch of its account statement service for visa purposes via the Ur portal, as part of its ongoing efforts to streamline procedures and develop its services.

In a statement received by Al-Eqtisad News, the bank stated that, "In line with its plans to simplify procedures and enhance the path of continuous development, and in cooperation with the Information Technology Department at the Ministry of Finance, the account statement service for visa purposes has been launched via the Ur Government Services Portal."

He added, "The service aims to enable customers to obtain a bank statement detailing their financial transactions and verify their financial capacity when applying for travel visas, in accordance with the requirements of several embassies and relevant authorities, and in a simple and quick electronic manner that reduces the need for direct review."

The bank confirmed that "this service is available to customers who have current, savings, or deposit accounts and whose salaries are domiciled with the bank. Customers must provide identification documents, a national ID card, and an electronic payment card (MasterCard), in addition to accurately entering data and uploading documents to successfully complete the application." https://economy-news.net/content.php?id=59361

The Dollar Exchange Rate Stabilized At 142,200 Dinars.

Economy | 12:18 - 08/28/2025  Mawazine News - Baghdad:  The dollar exchange rate stabilized on the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, recording 142,200 dinars per $100, the same rate as yesterday, Wednesday.

Selling prices at exchange shops in local markets in Baghdad remained stable, with the selling price reaching 143,250 dinars per $100, and the buying price reaching 141,250 dinars per $100.

https://www.mawazin.net/Details.aspx?jimare=265854

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 8-28-25

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BRICS De-Dollarization Reversal: Focus Shifts to Local Currency Trade

The bloc abandons near-term plans for a unified BRICS currency, instead prioritizing local currency settlements and bilateral trade mechanisms.

Shift Away From a Unified Currency

The BRICS de-dollarization strategy has undergone a notable shift. Once expected to launch a single unified currency to rival the U.S. dollar, member states are now focusing on local currency trade systems and strengthening bilateral trade relationships.

This marks a reversal of earlier ambitions, reflecting a more measured, risk-averse approach to challenging the dollar’s dominance.

Putin Softens His Position

Russian President Vladimir Putin, once the strongest advocate for a BRICS common currency, has tempered his stance.

At the 2024 Kazan summit, he was seen holding a prototype BRICS banknote called the “Unit.” But more recent remarks suggest the bloc’s goals are narrower:

“The bloc’s goal was not to break away from the U.S.-dominated SWIFT financial system entirely, but rather to reduce the Dollar’s ‘weaponisation’ and promote the use of local currencies for trade between the BRICS members.”

Brazil Confirms No 2025 Currency Timeline

As BRICS president, Brazil confirmed there is no immediate timeline for a unified BRICS currency.

The Rio de Janeiro summit declaration (July 2025) outlined broad cooperation but omitted any currency launch dates.

This caution reflects concerns over market volatility, especially after President Trump’s return to the White House, which triggered currency depreciation across the yuan, ruble, real, rupee, and rand.

India Pushes Back on De-Dollarization

India has taken the firmest position against aggressive de-dollarization.

Foreign ministry spokesperson Randhir Jaiswal stated:

“De-dollarisation is not part of India’s financial agenda.”

Instead, India advocates a “derisking” strategy:

• Expanding trade in local currencies (e.g., deals with Russia, UAE, Maldives).

• Diversifying trade partners.

• Building alternative payment systems to reduce currency conversion risks.

Focus on Practical Mechanisms

With ambitions scaled back, BRICS is emphasizing realistic financial tools:

• BRICS Pay digital payment platform.

• New Development Bank as a financial stabilizer.

• Bilateral trade settlements in national currencies.

This gradualist approach underscores the bloc’s recognition that a radical break from dollar-based finance could destabilize global markets, while local mechanisms offer measured, sustainable progress.

 Key Takeaway

BRICS has pulled back from its boldest de-dollarization ambitions, shifting from a unified currency plan to localized trade solutions. By emphasizing stability and bilateral currency use, the bloc signals pragmatism — prioritizing gradual financial diversification over abrupt confrontation with the dollar.

Strategic Implications

• Dollar Challenge Delayed: The U.S. dollar’s global dominance faces no immediate threat, but localized settlements still chip away at its monopoly in trade finance.

• India as Power Broker: New Delhi’s push for “derisking” positions it as a moderating force, balancing ambition with market stability.

• Global Reset in Motion: Even without a BRICS currency, incremental steps toward local trade settlements lay the foundation for alternative financial infrastructures that could reshape global markets in the long run.

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Source: Watcher Guru

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Seeds of Wisdom RV and Economic Updates Thursday Morning 8-28-25

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112 Crypto Companies Urge Senate to Protect Developers in Market Structure Bill

Coinbase, Kraken, Ripple, a16z, and others press lawmakers to safeguard non-custodial services and open-source developers in upcoming legislation.

Coalition Calls for Clear Protections

A coalition of 112 crypto companies, investors, and advocacy groups has urged the U.S. Senate to include explicit protections for software developers and non-custodial service providers in the pending digital asset market structure bill.

The letter, sent Wednesday to the Senate Banking and Agriculture Committees and led by the DeFi Education Fund, emphasized that the industry spoke “with one voice.” It warned that without protections, developers could be wrongly classified as financial intermediaries under outdated regulatory frameworks.

“Provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation. Without such protections, we cannot support a market structure bill,” the letter stated.

Signatories include Coinbase, Kraken, Ripple, a16z, Uniswap Labs, and nearly every major U.S. crypto lobbying group, from the Blockchain Association to the Chamber of Digital Commerce.

Regulatory Uncertainty Driving Talent Abroad

Industry leaders cautioned that without strong safeguards, the U.S. risks losing ground in open-source blockchain development.

Citing Electric Capital data, the letter highlighted a steep decline in America’s share of blockchain developers, falling from 25% in 2021 to just 18% in 2025 — a trend largely attributed to regulatory uncertainty.

To prevent innovation from leaving the country, the coalition called for explicit federal protections that would:

• Shield blockchain developers from misclassification.

• Prevent conflicting state-level regulations.

• Build on the bipartisan momentum seen in the CLARITY Act, which passed with overwhelming support.

Legislation Timeline

Senator Cynthia Lummis announced last week that a digital asset market structure bill is expected to reach President Donald Trump’s desk by year-end.

• September: Senate Banking Committee review

• October: Senate Agriculture Committee review

• Ahead of Thanksgiving: Possible Senate vote and delivery to the President

The bill will also clarify how the SEC and CFTC divide oversight of crypto markets, a long-standing point of contention in U.S. regulation.

@ Newshounds News™
 Source: Cointelegraph

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Kraken Meets With SEC Crypto Task Force to Discuss Tokenized Stocks and Bonds

Exchange giant explores U.S. regulatory framework for trading tokenized equities and ETFs, as traditional exchanges push back.

Kraken’s Tokenization Proposal

Kraken, one of the largest U.S.-based crypto exchanges, met this week with the SEC’s Crypto Task Force to discuss its proposal for a tokenized trading system.

A filing with the SEC shows the meeting focused on potential legal and regulatory frameworks for offering tokenized versions of traditional financial assets — including stocks, bonds, and ETFs — to U.S. investors.

This comes just months after Kraken unveiled its international plans to launch tokenized securities in select non-U.S. markets.

Global Expansion With Tokenized Equities

In May, Kraken announced a partnership with Backed, a tokenized equities issuer, to launch xStocks on the Solana (SOL) blockchain.

• xStocks provides tokenized versions of U.S.-listed equities and ETFs.

• The project is initially targeting non-U.S. clients, taking advantage of more flexible regulatory environments abroad.

• Kraken hopes to eventually bring a regulated version of these offerings into the U.S. market.

Pushback From Traditional Exchanges

The initiative comes at a time when traditional stock exchanges are lobbying regulators to impose strict limits on tokenized equities.

The World Federation of Exchanges (WFE), representing global exchanges and clearing houses, sent a letter to the SEC last week outlining concerns.

WFE CEO Nandini Sukumar criticized tokenized stocks as a potential risk to investors:

“What we are seeing is a blatant attempt to circumvent regulation, with some firms seeking ‘no action’ relief from regulators or deliberately operating through legal grey areas. Most concerning is the risk to retail investors, who may be misled into believing they hold the same rights and protections as traditional shareholders. In many cases, they do not. Investor protection must remain paramount, and regulation must evolve to ensure that new technologies are not used as a mask for risk and opacity.”

Regulatory Crossroads

The SEC faces a critical decision point:

• Allow tokenized equities under strict new rules, potentially opening U.S. markets to blockchain-based securities.

• Maintain restrictions under pressure from traditional exchanges, which argue tokenization could undermine investor protections.

Kraken’s discussions highlight the growing tension between innovation in blockchain finance and the preservation of traditional market safeguards.

Key Takeaway

Kraken’s push to tokenize stocks and ETFs in the U.S. puts regulators at a crossroads: embrace blockchain-based securities with new safeguards, or restrict them to preserve traditional investor protections. The outcome will shape the future of tokenized finance in America.

@ Newshounds News™
Source: Daily Hodl

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Europe in Ruins: Why the ECB Won’t Save It This Time

Despite years of massive money printing, the eurozone is sinking into stagnation, debt dependency, and economic decline — leaving the European Central Bank powerless to stop the collapse.

A Systemic Crisis Across Europe

It’s not just France under François Bayrou that faces trouble — the entire eurozone is trapped in a systemic crisis. The European Central Bank (ECB), once hailed as the continent’s financial backstop, now finds its tools blunt.

Unlike in 2008, when monetary expansion provided temporary relief, the ECB’s latest injections have created a vicious cycle of stagnation and unsustainable debt that the printing press can no longer solve.

Monetary Expansion Without Growth

ECB data shows that in June 2025, the M2 money supply of the eurozone rose to €15 trillion, up 2.7% year-over-year.

Yet, this expansion delivered almost no real growth, a stark contrast to the U.S., where 4.5% monetary growth still produces ~2.5% GDP growth.

This gap reveals a structural failure:

• ECB liquidity fuels unproductive public spending instead of private investment.

• States become dependent on ECB bond purchases, depriving the private sector of financing.

• Europe’s economic system increasingly resembles a “monetary drip” keeping stagnant economies alive.

The Printing Press as Poison

The ECB’s policies have created a crowding-out effect:

• Governments absorb new liquidity, starving entrepreneurs of credit.

• Unproductive companies survive thanks to artificially low rates.

• Innovative firms struggle, weakening Europe’s long-term competitiveness.

This has led to the “zombification” of Europe’s economies, where outdated structures survive while innovation is suffocated.

The ECB as Fiscal Enabler

The ECB has drifted from its mandate of price stability, instead prioritizing the financing of sovereign debt.

This shift effectively turns the ECB into a fiscal policy instrument, propping up states while ignoring inflation risks.

History warns against this approach: between 1970 and 2011, despite central bank dominance, the world experienced 147 banking crises. Central banks often delay crises but amplify their severity — a cycle the ECB now replicates on a continental scale.

The Dependency Trap

Europe is now caught in a monetary dependency spiral:

1. Governments depend on ECB refinancing to survive.

2. ECB bond purchases enable irresponsible fiscal spending.

3. Economic capacity erodes, making states even more reliant on ECB support.

This cycle is unsustainable. By 2024, global public debt hit $102 trillion, with Europe among the most concerning cases. The continent now generates too little wealth to justify its debt levels. Only continuous ECB money creation maintains the illusion of solvency.

Bitcoin as an Alternative?

The failure of large-scale quantitative easing in Europe underscores the limitations of central bank-driven policies.

Sooner or later, Europe will be forced to confront reality:

• Drastic structural reforms — not perpetual monetary injections — are required to restore competitiveness.

• In this context, Bitcoin and decentralized assets may emerge as credible alternatives that governments cannot manipulate.

Key Takeaway

The eurozone is trapped in a cycle of debt dependency and stagnation that ECB money printing can no longer mask. Without radical reforms, Europe risks systemic collapse — opening the door for decentralized alternatives like Bitcoin to gain legitimacy as a safeguard against monetary failure.

@ Newshounds News™
Source: Cointribune

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XRP Expands in Asia as Linklogis Taps Ledger for $2.9B Supply Chain

China’s leading fintech firm selects XRPL to power its global supply chain finance platform, unlocking liquidity through tokenization.

XRPL Partners With Linklogis

XRP has secured a major win in Asia after Chinese fintech giant Linklogis announced a partnership with the XRP Ledger (XRPL).

The deal will see Linklogis integrate its supply chain finance platform onto the XRPL mainnet, enabling the circulation and cross-border settlement of digital assets tied to real-world trade flows.

Through the collaboration, trade assets such as invoices and receivables will be tokenized, giving businesses faster access to liquidity while boosting efficiency in global trade finance.

Driving $2.9B in Trade Assets

Linklogis is already a powerhouse in supply chain finance. In 2024, the firm processed RMB 20.7 billion ($2.9 billion) in cross-border assets across 27 countries.

By leveraging XRPL, Linklogis aims to:

• Expand business access to funding.

• Enhance transparency in trade financing.

• Streamline settlements for exporters, importers, and financiers.

The collaboration will also explore stablecoins, smart contracts, and AI integration — broadening innovation in real-world asset (RWA) tokenization within supply chains.

XRPL’s Growing Global Footprint

The partnership strengthens XRP’s reputation as a leader in tokenized finance:

• In the past month, XRPL’s tokenized RWA volume grew 22.81%, reaching $305.8 million, ranking it the ninth-largest blockchain by RWA value.

• In May 2025, the Dubai Land Department adopted XRPL for real estate tokenization.

• Across Latin America (notably Mexico, Brazil, and Argentina), XRP is increasingly used to reduce reliance on the U.S. dollar in cross-border trade.

This rapid adoption signals rising confidence in XRP Ledger as global financial infrastructure, especially in emerging markets looking for alternatives to traditional currencies.

 Key Takeaway

XRP’s partnership with Linklogis marks a pivotal step in Asia’s digital finance evolution, embedding XRPL into a $2.9B supply chain platform. With expanding use cases in trade, real estate, and tokenized assets worldwide, XRP is positioning itself as a backbone for the next era of global settlement.

@ Newshounds News™
Source: Coinpedia

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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

Mot:  . ooooohhh Goodie!!! -- ole ""Mot"" with Marital insight!!!! 

Mot: Mixed Feelings on Dis Un!!! – LOL 

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

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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

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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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