Seeds of Wisdom RV and Economic Updates Tuesday Morning 9-2-25

Good Morning Dinar Recaps,

What to Expect With US Crypto Policy as Congress Returns

Congress comes back into session with crypto market structure, CFTC leadership, and CBDC restrictions all on the table.

Senate Market Structure Push in September
After a month-long recess, lawmakers are returning to Washington with crypto legislation high on the agenda. Republican leaders in the Senate have signaled their priority will be advancing a bill on digital asset market structure.

In July, the House passed the Digital Asset Market Clarity (CLARITY) Act with bipartisan support, sending it to the Senate for further debate. Senator Cynthia Lummis, one of the chamber’s strongest voices for clearer regulation, expects the Senate Banking Committee to advance its version of the market structure bill by the end of September.

She predicted the measure could move through the Agriculture Committee in October and reach President Trump’s desk “before the end of the year.”

At present, neither the Banking nor Agriculture Committee has scheduled hearings.

CFTC Leadership in Flux
The Commodity Futures Trading Commission (CFTC) is also in transition. With Commissioner Kristin Johnson’s departure, Caroline Pham becomes acting chair and the sole remaining commissioner. The White House has nominated Brian Quintenz to lead the agency, but his confirmation remains uncertain.

The Senate Agriculture Committee delayed a vote on Quintenz before recess, reportedly at the White House’s request. Trump donors Cameron and Tyler Winklevoss — initially supportive of Quintenz — later urged the president to reconsider, questioning whether he would fully advance Trump’s crypto agenda.

The Senate Banking Committee is expected to review several Trump nominations this week, but the Agriculture Committee has not yet set a date for Quintenz.

House Revisits CBDC Ban Through Defense Bill
The House already passed the Anti-CBDC Surveillance State Act in July, though with minimal Democratic backing. Now lawmakers are pursuing another route: adding a CBDC ban to the National Defense Authorization Act (HR 3838).

The revised version of the defense bill would prohibit the Federal Reserve from issuing a digital dollar, echoing provisions of the Anti-CBDC Surveillance State Act.

Whether the ban will survive intact through both chambers remains uncertain, as significant amendments are still likely.

Why This Matters
Congress’ fall session could prove decisive for U.S. crypto policy. The outcomes of the CLARITY Act, the CFTC chair nomination, and the CBDC debate will shape regulatory clarity, market oversight, and the future role of digital dollars in the financial system.

@ Newshounds News™
Source: Cointelegraph

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Gold Demand as Global Reserve Rises Fueled by Digitization: Is Bitcoin Next?

BRICS accumulation drives gold to its highest global reserve share in decades, raising questions about whether Bitcoin could be next.

Gold’s Rise in Global Reserves
The demand for gold as a global reserve currency has surged in the past year, driven by the BRICS nations’ dedollarization push. China, Russia, and their partners have accelerated purchases, boosting gold’s share of global reserves.

By the first quarter of 2025, gold rose 3% to around 24%, marking its highest share in 30 years. In contrast, the U.S. dollar fell 2% to 42%, its lowest level since the 1990s.

Gold overtook the euro in 2024 to become the world’s second-largest reserve asset, solidifying its role as a hedge against geopolitical and monetary risks.

Digitization Bolstering Gold’s Role
A key factor behind gold’s rising relevance is digitization. Tokenized gold on blockchain networks has expanded rapidly, with $2.59 billion in market value and a $492 million daily trading volume, according to CoinGecko.

Leading products like Tether Gold (XAUT) and PAX Gold (PAXG) provide investors and institutions a new way to access gold’s stability with blockchain efficiency. This digital layer further strengthens gold’s position as a modern reserve asset.

Why Bitcoin Could Follow Gold
Bitcoin, often called digital gold, is increasingly viewed by central banks and investors as a reserve alternative. Federal Reserve Chair Jerome Powell has acknowledged Bitcoin’s role as digital gold, reflecting its growing adoption as a hedge against inflation.

Institutional adoption has accelerated, with JPMorgan recently arguing that Bitcoin remains undervalued compared to gold. The bank set a midterm target of $126,000 per BTC, predicting corporate reserves will help fuel demand.

Nation-states are also beginning to follow the U.S. lead in holding strategic Bitcoin reserves. Unlike gold, Bitcoin’s fixed scarcity and real-world utility in payments make it a compelling alternative for the future of global reserves.

Key Takeaway
Gold’s resurgence as a global reserve asset underscores the accelerating move away from the U.S. dollar. With digitization fueling its accessibility, Bitcoin could be next in line to claim a larger role in the international monetary system.

@ Newshounds News™
Source: Coinpedia

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UAE’s RAK Properties to Accept Bitcoin and Other Cryptos for Real Estate Deals

The UAE strengthens its role as a global crypto hub as real estate giant RAK Properties opens the door to digital asset payments.

RAK Properties Embraces Crypto
RAK Properties, one of the largest publicly traded real estate companies in the Ras Al Khaimah emirate, announced it will now accept cryptocurrency payments for international property transactions.

The firm will support Bitcoin (BTC), Ether (ETH), Tether’s USDt (USDT), and other digital assets. Payments will be processed by Hubpay, a regional global payments platform that converts crypto into UAE dirhams before settlement.

“By enabling and supporting the use of digital assets, we are engaging with a new ecosystem of digitally and investment savvy customers,” said Rahul Jogani, Chief Financial Officer of RAK Properties.

Expanding Portfolio and Growth
RAK Properties, listed on the Abu Dhabi Securities Exchange since 2005, has a market capitalization of 4.7 billion dirhams ($1.3 billion). The developer is expanding aggressively in 2025 with 12 new projects underway.

In 2024, the company posted a 39% year-over-year net profit increase, reaching 281 million dirhams compared to 202 million dirhams the year prior.

UAE’s Crypto-Friendly Environment
The United Arab Emirates has become a global hotspot for crypto adoption thanks to clear regulations and a tax-free framework for digital asset profits.

Crypto adoption is accelerating across the country:

• Chainalysis data shows small retail crypto transactions in the UAE grew by over 75% year-over-year as of mid-2024.

• DeFi Technologies board member Chase Ergen predicts crypto could become the UAE’s second-largest sector within five years.

With its business-friendly policies and growing Web3 ecosystem, the UAE is positioning itself as a global hub for digital asset innovation and investment.

Key Takeaway
By accepting crypto for property deals, RAK Properties is tapping into a growing base of international investors while reinforcing the UAE’s leadership in digital asset adoption.

@ Newshounds News™
Source: Cointelegraph

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“Tidbits From TNT” Tuesday Morning 9-2-2025

TNT:

Tishwash:  US warning: The Federal Reserve is considering cutting off the dollar to Iraq!

Exclusive sources revealed to Al-Mustaqilla on Monday that the US Federal Reserve is studying imposing economic sanctions on Iraq, which could include cutting off the dollar from the country, if what it described as "the smuggling of hard currency to Iran" continues.

Sources confirmed that US warnings were communicated to the Iraqi government and central bank some time ago, demanding an end to dollar smuggling. However, according to the sources, "the government has not yet taken any practical steps to comply with US directives, and smuggling has continued unabated."

Sources indicate that previous meetings were held between Iraqi officials and American parties, where the danger posed by continued currency smuggling to the Iraqi economy was highlighted. However, "the issue has not been resolved, and no signals of compliance have been sent by the current government."

Economic analysts view these developments as a direct blow to the government and the Central Bank of Iraq, warning that continued smuggling could lead to a major economic crisis, weaken the country's ability to secure basic needs in hard currency, and increase pressure on the dollar price in the local market. 

The question now arises: Will the Iraqi government take urgent action before US threats turn into actual sanctions that cut off Iraq's dollar lifeline, or will the smuggling issue continue to fuel the country's economic crisis?  link

Tishwash:  Oman welcomes Al-Sudani... What's behind the meeting? 

 Iraqi Prime Minister Mohammed Shia al-Sudani is preparing for an official visit to the Sultanate of Oman tomorrow, Wednesday, in a move described by some as "regular diplomacy," while others see it as an attempt to rearrange the political and economic cards in the region.

According to the Oman News Agency, which Al-Mustaqilla monitored, Al-Sudani will hold official talks with Sultan Haitham bin Tariq, accompanied by an official delegation including senior Iraqi government officials. However, the question that arises is: Is this visit limited to strengthening bilateral relations, or are there ulterior motives related to sensitive economic and political issues?

Observers point out that Iraq faces major challenges regarding the economy and the stability of the local currency, in addition to international pressures related to investments and energy. This visit may be an opportunity for Al-Sudani to secure Omani support or open new doors for Gulf investments, especially in light of the regional tensions plaguing the region.

From a political perspective, some analysts believe this visit comes at a critical time ahead of Iraq's upcoming elections. This could raise questions about whether Baghdad is seeking to bolster its domestic image or whether it is simply an attempt to showcase diplomatic achievements ahead of the elections.

Ultimately, Al-Sudani's visit to Oman carries numerous political and economic dimensions, and the coming days may reveal the real issues being discussed by Iraqi and Omani officials, and whether this visit will be merely a diplomatic protocol, or whether it will impact the course of Iraqi politics and the economy in the coming months.  link

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Tishwash:  Kurdistan announces the start of distributing June salaries Tuesday.

The Ministry of Finance and Economy of the Kurdistan Regional Government announced that the distribution of June salaries will begin tomorrow, Tuesday (September 2, 2025), and will end on Thursday.

A statement from the Ministry of Finance, received by Al-Eqtisad News, stated that "after the funds arrive from Baghdad, the process of disbursing employees' salaries will continue for three days."

The June salary disbursement comes after a delay of more than 80 days, amidst significant hardship for employees and other sectors, and a near-total paralysis of markets in the region's cities.  link

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Tishwash:  Oliver Wyman...and the guillotine of laws

 Iraq witnessed a radical transformation after 2003, requiring a comprehensive restructuring of its legislative and economic systems in line with the principles of a market economy and a modern state.

With the beginning of the change phase, specifically since 2006, a committee was formed to review the laws, which was metaphorically called the “Guillotine of Laws,” with foreign support and guidance. It included seasoned experts in legal reform, politics, and economics. Its mission was to review and refine the existing laws and legislation dating back to the previous era, and to abolish and amend anything that conflicted with the regime’s philosophy.

Although the committee was able to cancel hundreds of laws and legislation, it failed in some laws.

As I watch and follow, within my interest and specialization in economic and banking affairs, what the international company Oliver Wyman is doing today to correct the declining performance of banks and laws came to my mind, just to compare the mission of the previous Laws Guillotine Committee and the Oliver Wyman Company, not to compare, but to discover the connection between the different missions in two different times.

Now let us examine the tasks that Oliver Wyman carries out through a reform document to advance the Iraqi banking reality, as it is considered a banking guillotine that works to correct and refine errors in banking operations and rectify their paths in accordance with what is practiced in developed countries.

As usual, this reform document was met with objections from the banks, as it conflicted with their capabilities and potential to implement its provisions.

The Association of Banks has made exceptional efforts, in cooperation with the Central Bank of Iraq, to ​​meet the banks' requirements and overcome the difficulties they face. The desired results were achieved by reconsidering the contested paragraphs and extending the implementation periods, particularly regarding the issue of increasing capital.

So far, the results seem good and give hope for facilitating the implementation process by banks.

As someone interested in banking as an important sector of the economy, and out of ethical and professional responsibility, I must pursue the results to the end.

In this context, I had a conversation with a seasoned, knowledgeable expert who was close to the event, so I took the initiative to ask him:

How do you view this document? And what is your assessment of its future results?

He replied, "We agree on the importance of the Central Bank, the Association, and the government working to achieve economic reform. Hence, the importance of the document in promoting our banks to keep pace with changes."

As for my assessment of the results, I record my reservations about the fact that what was achieved was limited to reducing its concerns to the challenge of the paragraph on raising capital and time periods only. However, it did not delve into the rest of the paragraphs of the document, which include difficulties that are no less important than raising capital and time periods, and may even be more serious.

This requires re-reading the remaining paragraphs of the document with the help of legal, economic, and financial experts to determine whether the banks are capable of implementing the agreement.

Therefore, I advise you to be careful when signing the contract to know the banks’ capabilities and potential to provide the other requirements and implement them easily and smoothly so that the losses are not doubled.

This expert opinion or warning is important because the decision to implement the document and its amendments is binding and final. 

 I feel a sense of professional and ethical commitment and concern for my country and its economy, which requires me to be vigilant and evaluate reform paths whenever necessary. link

Mot:  Ya Knows that ~~~~

Mot: ole ""Mot"" Sharing More insight on that ""Diet Thingy"" 

Iraq Economic News and Points To Ponder Monday Afternoon 9-1-25

Trade: Iraq's Accession To The World Trade Organization (WTO) Is Proceeding Steadily And Carefully.

economy | 11:10 - 01/09/2025  Mawazine News - Baghdad -  The Ministry of Trade announced on Monday that Iraq's accession to the World Trade Organization (WTO) is proceeding steadily and carefully. While indicating the completion of seven major files, it confirmed the preparation of accurate answers to 175 questions related to Iraq's accession to the organization.

The ministry's spokesman, Mohammed Hanoun, said in a statement to the official agency, followed by Mawazine News, that "the current government's efforts to secure Iraq's accession to the World Trade Organization (WTO) have surpassed all previous measures combined," noting that "Iraq resumed the accession process after a long hiatus, as the third meeting of the working group concerned with accession was held in July 2024, during which updated documents related to the Iraqi trade system were submitted."

He added that "Iraq has completed all the technical files required to join the WTO after a negotiation process that extended for more than twenty years during which Iraq faced many challenges and delays," noting that "this achievement was achieved during the term of the current government through intensive qualitative efforts that exceeded what was achieved in the previous stages combined, and that Iraq is now in an advanced position paving the way for the completion of the requirements for full membership."

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

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

Hanoun explained that "what has been achieved is the result of the government's great support and continuous coordination with all ministries and national institutions, as well as the efforts of the Department of Foreign Economic Relations in leading this strategic path to strengthen Iraq's position in the global trading system, serve its national economy, and achieve sustainable development."

He pointed out that "over the past months, the ministry has held workshops and training programs to develop national cadres involved in negotiating and managing the file, with the participation of the Council of Representatives and the private sector. Technical meetings have also resumed to complete the discussion of agendas related to trade in goods and services."

Hanoun emphasized that "accession to the World Trade Organization represents a strategic step towards integrating the Iraqi economy into the international trading system, attracting investments, and improving the competitiveness of national exports."

He pointed out that "the accession process is subject to multilateral international negotiation procedures and varies from one country to another according to the completion of legislation and reforms. However, Iraq is committed to accelerating this process to achieve the national interest and preserve the sovereignty of economic decision-making."
https://www.mawazin.net/Details.aspx?jimare=266046

Oil Prices Decline Slightly Amid Anticipation Of The OPEC+ Meeting.

Economy | 09:02 - 01/09/2025   Mawazine News - Follow-up  Crude oil prices are trading in a narrow range during trading on Monday. With the opening of Asian markets, the price of the benchmark Brent crude fell 22 cents to reach $67.36
per barrel. Meanwhile, the price of US West Texas Intermediate crude fell 23 cents to reach $63.88 per barrel.

Prices are currently affected by opposing major factors. On the one hand, prices are pressured by the possibility of increased supply by the OPEC+ alliance, which may decide to pump more oil at its meeting next week.

On the other hand, oil is receiving support from the escalating conflict between Ukraine and Russia, and Ukraine’s targeting of Russian oil facilities.

Adding to the pressure on prices are economic data released today from China, which showed a contraction in industrial sector activity for the fifth consecutive month.

Ukrainian President Volodymyr Zelenskyy threatened on Sunday to retaliate by carrying out further strikes inside Russia, following Russian drone attacks targeting energy facilities in northern and southern Ukraine. In recent weeks, the two countries have intensified their airstrikes, focusing on energy infrastructure and attempting to disrupt Russian oil exports.

Markets remain concerned about Russian crude flows, with weekly shipments from ports falling to a four-week low of 2.72 million barrels per day, according to tanker tracking data cited by ANZ analysts in a note.   https://www.mawazin.net/Details.aspx?jimare=266035

The Dollar Price Fell In Baghdad.

Stock Exchange  The US dollar exchange rate fell against the Iraqi dinar in Baghdad and Erbil at the close of the stock exchange on Monday.

Baghdad:  Selling price: 143,500 dinars for $100.   Buying price: 141,500 dinars for $100.

Erbil:  Selling price: 142,250 dinars for $100.   Buying price: 142,100 dinars for $100.
https://economy-news.net/content.php?id=59506

Gold At Its Highest Level In More Than Four Months

Monday, September 1, 2025 | Economic Number of reads: 167  Baghdad/ NINA / Gold prices rose significantly on Monday, reaching their highest level in more than four months, supported by growing bets on a US interest rate cut this month, which enhanced the attractiveness of the precious metal.

By 02:38 GMT, spot gold rose 0.7% to $3,470.69 per ounce, its highest level since April 23, while US futures for December delivery rose 0.8% to $3,543.70.

Silver also advanced 1.6% to $40.31 an ounce for the first time, its highest level since September 2011.

Among other precious metals, platinum rose 0.9% to $1,376.95 an ounce, while palladium rose 0.8% to $1,118.12 an ounce. / End   https://ninanews.com/Website/News/Details?key=1249443

$40 Billion In Iraqi Bank Sales In Six Months

Banks  Economy News – Baghdad  The Central Bank of Iraq revealed on Monday its foreign currency sales, which amounted to more than $40 billion during the first half of this year.

According to the bank's latest statistics, "hard currency sales during the first six months of 2025 amounted to $40 billion and 904 million." The statistics showed that sales were divided between external transfers amounting to $39.517 billion and cash sales amounting to $1.387 billion.

She pointed out that these sales during the first six months of the current year, amounting to $40 billion and 904 million, increased by 17% compared to the same period last year, which amounted to $34 billion and 735 million.   https://economy-news.net/content.php?id=59499

The Ministry Of Planning And The World Bank Discuss Mechanisms For Women's Economic Empowerment In Iraq

Monday, September 1, 2025, | Economic Number of readings: 100  Baghdad / NINA / The Ministry of Planning announced, on Monday, the launch of the joint workshop between the Iraqi government and the World Bank Group, to discuss mechanisms for women's economic empowerment based on the first outcome of the third National Strategy for Poverty Reduction (2026-2030), which is scheduled to be launched soon.

The Director General of the Executive Management of the Poverty Reduction Strategy, Mu'ayyad Ismail Hussein, said, according to a statement by the ministry, that "the three-day workshop will address the efforts made by government agencies in the field of women's economic empowerment, especially poor women, by enhancing their participation in the labor market and discussing targeted policies in this field," stressing the Ministry of Planning's continued coordination of efforts with relevant authorities within the strategic activities.

For her part, Yusra Al-Alaq, Director General of the National Department for Iraqi Women at the General Secretariat of the Council of Ministers, reviewed the department's vision and procedures to enhance women's economic empowerment.

The workshop was attended by representatives from the Ministry of Finance, the General Authority for Statistics, and the Geographic Information Systems at the Ministry of Planning, along with experts from the World Bank Group./End   https://ninanews.com/Website/News/Details?key=1249538

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

100% Loan Losses Loom as Fed Shrinks Balance Sheet- Banks on the Brink

100% Loan Losses Loom as Fed Shrinks Balance Sheet- Banks on the Brink

Daniela Cambone:  9-1-2025

"The Fed playing God with the US economy and trying things they weren’t sure would work," says Chris Whalen, chairman of Whelan Global Advisors.

In today’s interview with Daniela Cambone, Whalen criticizes the Fed’s unconventional monetary policies—particularly the low interest rates and quantitative easing implemented during COVID. Now, the Fed is reversing some of that policy, shrinking its balance sheet and reducing liquidity in the system.

Chris warns that the Fed is again experimenting with high-stakes economic levers, creating uncertainty in money markets and increasing the potential for stress in banks and the financial system.

"We’re seeing 100% loss on those [commercial real estate (CRE) and apartment building] loans when they default," he adds

As for protecting investors, he stresses caution and opportunism: "Look for stability and income—treasuries, preferred stocks, reliable dividend payers. Gold must be a core part of your holdings."

https://www.youtube.com/watch?v=Iq-lJXHy4Fk

Iraq Economic News and Points To Ponder Monday Morning 9-1-25

The Minister Of Finance Affirms The Continuation Of The Partnership With The World Bank To Support The Government's Financial Reform Priorities.

Sunday, August 31, 2025 | Economic Number of reads: 352   Baghdad / NINA / Minister of Finance, Taif Sami, affirmed today, Sunday, the continuation of the partnership with the World Bank to support the government's priorities in financial reform.

A statement by the ministry said, "Minister of Finance Taif Sami received the Director of the World Bank Office in Iraq, the Middle East and North Africa, Emmanuel Salinas, and discussed with him existing areas of cooperation and discussed programs and projects supported by the World Bank, especially those related to economic reform plans and the development of public spending systems."

The Director of the World Bank Office expressed "the mission's commitment to continue providing technical and advisory support to enhance the Iraqi government's efforts to achieve economic stability and sustainable development."   https://ninanews.com/Website/News/Details?key=1249312

The Dollar Continues To Rise...The Note Is Worth 143,750 Dinars.

08/31/2025   Mawazine News - Baghdad - The dollar exchange rate witnessed a significant increase against the Iraqi dinar in local markets on Sunday.The selling price reached 143,750 dinars for $100, while the buying price reached 141,750 dinars for $100.   https://www.mawazin.net/Details.aspx?jimare=265991

Washington Announces The Progress Of The Coalition's Withdrawal In Accordance With The Agreement, While The State Of Law Coalition Expresses Doubts.

August 31, 2025   Baghdad - Qusay Munther  The State of Law Coalition, headed by Nouri al-Maliki, cast doubt on the existence of a US troop withdrawal from Iraq. Coalition member Hussein al-Maliki said in a statement yesterday that "the US forces had no intention of withdrawing from Iraq, and the military movements taking place are merely a repositioning and transfer of soldiers between bases."

He added that "the Americans have only worked to change some sensitive military sites at Ain al-Assad base and some other bases, and the goal is not to withdraw, as some are trying to promote," he said.

Reset

For its part, the US Embassy in Baghdad confirmed that the process of re-adjusting the presence of international coalition forces in Iraq is proceeding in accordance with the agreements signed with the federal government, noting that the military arrangements aim to gradually transition to a bilateral security partnership, while continuing to support operations against ISIS elements.

The embassy spokesperson said in a statement yesterday that “the circulating reports about the complete evacuation of US forces from Baghdad are false,” stressing that “work is proceeding according to the established timetable.”

 He added that “the international coalition against ISIS in Iraq has set a timetable for the completion of its military mission, and that its mission in Operation Inherent Resolve is currently continuing according to the specified timeframe for the process of transferring forces and ending military operations in Iraq.”

He continued, “What was stated in the joint statement shows that it is related to a strategic shift in the mission of coalition forces in Iraq, as the role is shifting from a military mission to a natural and bilateral security partnership.”

For his part, a Pentagon official confirmed that the recalibration of the US military presence in Iraq is proceeding according to the agreed-upon plan, as the United States aims to complete the coalition mission, while continuing to support operations against ISIS from bases in Iraq to Syria until 2026, and then gradually moving towards a bilateral security partnership. Social media circulated yesterday news of the withdrawal of US forces from Baghdad.

Sources explained yesterday that "US forces will withdraw from the heavily fortified Green Zone, which includes Western diplomatic centers and official headquarters, as well as Baghdad Airport and the headquarters of the Joint Operations Command."

The Iraqi government has repeatedly confirmed that the first phase of the withdrawal of US forces operating within the international coalition fighting ISIS will conclude this year, with the second phase set to conclude next year.

Labour Party

Meanwhile, the Turkish Parliament has given the parliamentary committee tasked with establishing the ground rules for the peace process with the Kurdistan Workers' Party (PKK), which had previously announced its dissolution and disarmament after decades of conflict with Ankara, until the end of the year.

The party announced its dissolution last May, after decades of insurgency that resulted in the deaths of at least 50,000 people, according to the Turkish president. The decision to dissolve the party came in response to a call from its leader, Abdullah Ocalan, who has been imprisoned in Turkey since 1999.

The parliamentary committee overseeing the peace process convened for the first time on August 5, chaired by Parliament Speaker Numan Kurtulmuş.

Kurtulmuş announced the day before yesterday that "the committee will continue its work until the end of this year," adding that "the decision we made when establishing the committee was for it to complete its work by December 31st," noting that "the deadline can be extended for two additional months if necessary."

The committee will also determine the fate of the party's leader, who is serving a life sentence in solitary confinement on Imrali Island.

In a statement on Friday, the so-called Imrali delegation said it had held a three-hour meeting with Ocalan in prison about the ongoing process, adding that “a democratic society, peace, and integration are the basic concepts behind this process, and that results can be achieved on their basis.” LINK

A Significant Decline In Iraqi Oil Exports To The US During The Week

Energy  Economy News – Baghdad  The US Energy Information Administration announced on Sunday that Iraqi oil exports to the United States fell by more than half last week.

The administration said in statistics reviewed by Al-Eqtisad News that "the average US crude oil imports during the past week from 10 major countries reached 5.690 million barrels per day, an increase of 250,000 barrels per day compared to the previous week, which reached 5.440 million barrels per day."

She added, "Iraq's oil exports to the United States averaged 162,000 barrels per day, down 166,000 barrels per day from the previous week's average of 328,000 barrels per day."

The administration also noted that "the largest US oil revenues during the past week came from Canada, at a rate of 3.852 million barrels per day, followed by Mexico, at a rate of 437,000 barrels per day, Brazil, at a rate of 343,000 barrels, and Libya, at a rate of 280,000 barrels per day."

According to the table, "US crude oil imports from Saudi Arabia averaged 268,000 barrels per day, from Colombia 137,000 barrels per day, from Nigeria 93,000 barrels per day, from Venezuela 74,000 barrels per day, and from Ecuador 44,000 barrels per day." https://economy-news.net/content.php?id=59446

Expert: No Fear Of Oil Prices Falling To $50

Economy | 08/31/2025  Mawazine News – Baghdad  Economic expert Hamza Al-Jawahiri confirmed on Sunday that the current fluctuations in oil prices are normal and do not raise any concerns, noting that OPEC is closely monitoring developments in the global market and taking appropriate decisions to maintain price stability.

Al-Jawahiri said, "OPEC's policy is based on addressing any imbalance in global markets that may lead to a drop in oil prices, through well-studied mechanisms that ensure a balance between supply and demand," noting that "the current fluctuations do not pose a threat to the oil market."

He added, "Current indicators do not indicate a future risk of oil prices falling to $50 per barrel," stressing that "OPEC is capable of intervening at the appropriate time to control the market and prevent any price collapse."

The global oil market is witnessing significant fluctuations due to economic and geopolitical factors, amid close monitoring by producing countries to ensure oil stability. https://www.mawazin.net/Details.aspx?jimare=266024

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

Iraq Economic News and Points To Ponder Late Sunday Evening 8-31-25

Expert: US Withdrawal From Iraq Remains Formal Unless It Includes Ain Al-Assad Base

A wish | 08/31/2025  Mawazine News - Baghdad Political analyst Ibrahim Al-Sarraj stressed on Sunday that any withdrawal of foreign forces, especially American forces, will not be credible and real unless it includes the handover of the Ain Al-Assad military base and a complete withdrawal from Iraqi territory, warning of American plans aimed at destabilizing the region. .

Al-Sarraj said in a statement, "Talk about an American withdrawal from Iraq loses its true meaning if it is limited to redeployment from one base to another, such as moving from the Ain Al-Assad base to the Harir base in the Kurdistan region, because the latter is also located within Iraqi territory, and therefore cannot be considered a complete withdrawal."

He added, "This move falls within the framework of a broader American strategy aimed at maintaining a military foothold inside Iraq, and may be part of the 'Greater Israel' project that seeks to redraw the map of influence in the region."

The political analyst pointed out that "the agreement concluded between Baghdad and Washington clearly stipulates a full withdrawal by September 2025, which requires the Iraqi government to be more cautious and exert greater pressure to ensure the full implementation of the withdrawal, and not accept formal formulas or circumvent the terms of the agreement."

This comes at a time when political and popular calls are increasing for a definitive end to the foreign presence in Iraq, as this is the only way to achieve independent sovereignty and lasting stability for the country.   https://www.mawazin.net/Details.aspx?jimare=266006

Economist Warns Against Bank Deposits
 
Baghdad Today – Baghdad    Economic expert Munar Al-Abidi warned on Saturday (August 30, 2025) about the  size of deposits in the Iraqi banking system, stressing that they   are dangerous and  do not contribute to creating real economic value.
 
Al-Obaidi said in a post on his Facebook account , followed by Baghdad Today, that “deposits in the Iraqi banking system exceeded 115 trillion dinars in June 2025,” noting that “more than 95 trillion of them are current without interest, while savings and fixed deposits did not exceed 20 trillion only, meaning that nearly 80% of the funds are deposited in short-term accounts  that do not ontribute to creating real economic value.”

Al-Abidi added, "The most dangerous aspect is that more than 85% of these deposits are held in  government banks,  which continue to play a traditional role in preserving funds   without being able to convert them into  productive loans or investment instruments   that serve the economy."

He added, "Despite this large volume of liquidity, the  total loans granted to the private sector and public institutions   did not exceed  46 trillion dinars, or  less than 40% of total deposits.
 
This is a very modest percentage compared to    Jordan, where it reaches more than 75%, and in    Egypt, it is about 85%, while in    Turkey it exceeds 100%.
 
What is more dangerous than the size of the loans   is their nature, as data indicates that   more than 66% of them went to  personal consumer loans or  loans for construction and    real estate purchase, while   the rest was distributed among the productive sectors."

He indicated that "we note that financing for the    industrial sector did not exceed only 4% of the total loans, while financing for the    agricultural sector did not exceed the barrier of 3% of the total loans, a number that  clearly reveals the absence of a development compass in the work of banks."

 Al-Obaidi continued,   "This reality places government banks under direct responsibility, as  they hold the majority of deposits but   have been unable to transform them into a driving force for the economy. They   have been content with the role of 'reservoir'   rather than being development institutions."

He noted that  "the persistence of this gap between  enormous liquidity and  limited funding  raises questions about the viability of current banking policies and  calls for a radical change in the banking system's operating model." 

He said,  "For banks to regain their developmental role, there is a package of possible solutions: the first is to redirect the loan structure towards productive sectors such as agriculture,  industry and  renewable energy  instead of being limited to  consumer and  real estate loans.

The second is to develop new financial tools such as  financing small and medium-sized enterprises with partial state guarantees.

The third is to improve incentives for long-term savings by  raising interest rates on  savings and  fixed deposits   to attract additional liquidity to the banking system.

The fourth is to expand partnerships with the private sector  through joint financing funds   that finance   infrastructure and  industrial projects.

The fifth is to enhance  transparency and  governance within government banks to  reduce waste and  enhance public confidence."  He concluded, "Iraq is   not suffering from a liquidity shortage,   but rather from its misuse.
 
Unless the banking system transforms   from mere stagnant treasuries  into  effective institutions   that channel funds toward production, the  economy will remain captive to a vicious cycle of  consumption and  sterile financing, and  massive deposits will continue to have little impact on  growth and  job opportunities."    https://baghdadtoday.news/282088-.html  

Economist: Decline In Stock Markets And Banks Portends A Crisis Of Confidence In The Iraqi Economy.
  

Baghdad Today – Baghdad   Economic expert Munar Al-Abidi confirmed, on Sunday (August 31, 2025), in an in-depth analysis of the Iraqi economic situation, that the decline in the stock markets and banks portends a crisis of confidence in the Iraqi economy.

Al-Obaidi said in a post on his Facebook account, followed by Baghdad Today, that "countries usually rely on withdrawing the monetary mass to their financial institutions    through two main sectors: the  banking sector and the  stock market sector.
 
In the banking sector,  investment is less risky but also less profitable,while the stock market sector is characterized by  higher levels of risk but   offers opportunities for large profits."

He added, "Although the focus has always been on banks' ability to attract deposits,    2025 saw a decline in this regard," noting that "private sector deposits in banks decreased by 7%  compared to the previous year." Al-Obaidi pointed out that "the Iraq Stock xchange experienced  one of its worst declines in monthly trading volume during the first half of 2025.
 
Trading value fell    from an average of 53 billion dinars per month in the first half of 2024
    to an average of only 32 billion dinars per month in the first half of 2025, a  decline of 38%.
 
The decline peaked in June 2025, when the market recorded its  lowest trading volume in the past two years,  at just 22 billion dinars." 

 He pointed out that   "the most prominent problem in the market   lies in the concentration of trading in the hands of just five companies   out of 104 listed companies, as  these companies account for more than 85% of the total trading volume.
 
This is compounded by the clear withdrawal of foreign investors from the market,
    despite the fact that this market was supposed to be a major gateway for
    attracting foreign investment due to its  ease of access and ease of trading.

"  Al-Obaidi stressed that "the decline in trading volume, coupled with the  withdrawal of foreign nvestors, necessitates a comprehensive regulatory review, including  strengthening compliance and transparency standards, and   launching marketing plans aimed not only at  increasing trading volume, but also at  expanding the contribution of other companies from various sectors and   encouraging the listing of new companies."

He noted that  "this contraction reflects a loss of confidence, not only in the   banking sector, but also in the  stock market itself, despite the fact that many listed companies achieved strong financial results   that could have attracted various investors." 

 Al-Obaidi explained that "the current situation requires swift action by the responsible authorities, by   aligning the market with global markets and  introducing modern technologies, most notably  artificial intelligence, to  enhance transparency and  compliance with competition laws, in addition to  extensive marketing campaigns   that help educate Iraqi citizens about the   importance of investing in the Iraq Stock Exchange." 

He concluded by saying, "Listing major strategic companies such as  government banks,   general insurance companies,  Iraqi Airways, and  profitable companies affiliated with the Ministries of Communications, Oil, and Industry  will   enhance the market's attractiveness and  consolidate a trading culture. Likewise, encouraging the private sector to transform into public joint-stock companies  in preparation for listing   will increase the market's  depth and  diversity.

" He indicated that "reforming market mechanisms not only contributes to building the confidence of local Iraqi investors, but also opens the door to foreign investment and protects small investors  from being drawn to unregulated platforms that could expose them to loss."    https://baghdadtoday.news/282165-.html

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

“Tidbits From TNT” Monday Morning 9-1-2025

TNT:

Tishwash:  Mustafa Hantoush gives his opinion on electronic payment: It has succeeded in Iraq, and here is the evidence.

 Mustafa Hantoush, a financial and banking expert, said that the electronic payment experience in Iraq over the past two years has achieved clear success, with advanced indicators in the use of cards and point-of-sale (POS) terminals.

In a statement to Jarida Platform , Hantoush stated, “Previously, we were talking about small, insignificant numbers. Today, the volume of transactions has reached approximately 398 billion dinars per day, with more than 15.15 million electronic payment transactions recorded.”

He added, "The number of point-of-sale devices has increased from 7,000 to more than 75,000, while the number of cards in circulation has jumped from 10 to 12 million to 20 million cards in circulation," noting that "these numbers reflect a significant shift in the financial market."

Hantoush emphasized that "Iraq has come a long way in the field of electronic payments, but it still needs to intensify awareness campaigns and enhance citizen confidence to further expand the use of this service."  link

Tishwash:  From the communications gateway to the state treasury, the national company is a step on Sudan's path to an Iraq without oil restrictions.

Former House of Representatives Rapporteur Mohammed Othman Al-Khalidi affirmed, on Sunday (August 31, 2025), that signing the contract to establish the National Mobile Phone Company represents a fundamental pillar in Prime Minister Mohammed Shia Al-Sudani's strategy aimed at enhancing non-oil revenues and supporting the pillars of the national economy.

Al-Khalidi told Baghdad Today, "About three years ago, Al-Sudani launched an unprecedented national strategy after 2003, aiming to reduce reliance on oil as the main source of the treasury and move towards a diversified economy capable of confronting the fluctuations in oil prices that have burdened Iraq in recent periods."

He added, "The launch of the National Mobile Phone Company contract, under the auspices of Al-Sudani, will contribute to increasing non-oil revenues by at least 20 to 25 percent over the next three years, in parallel with the government's steps to reorganize ports and border crossings, implement electronic automation to combat corruption, and ensure revenues reach the state treasury."

Al-Khalidi pointed out that "opening the door to investment in the telecommunications sector and adopting fourth-generation (4G) technologies will create a competitive environment among companies, contributing to improving the quality of services and lowering their prices, which will have a direct impact on the lives of Iraqi citizens."

Since 2003, the Iraqi economy has been almost entirely dependent on oil revenues, making it vulnerable to fluctuations in global oil prices and political and financial crises.

With the repeated declines in markets, the need for alternative strategies to boost non-oil revenues and provide the state with stable financial resources has emerged.

About three years ago, Prime Minister Mohammed Shia al-Sudani launched a comprehensive national plan known as the "Economic Diversification Strategy." This plan included reforms in vital sectors such as ports, border crossings, telecommunications, and banking, while adopting electronic automation as a means to combat corruption and ensure the flow of funds into the state treasury.  link

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Tishwash:  Mazhar Saleh: The rise in gold prices in Iraq and the world reflects international economic transformations.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed today, Saturday, that gold is a safe haven for those with financial surpluses to preserve wealth, noting that the current rise in gold prices during the current year has reached approximately 37% per gram in Iraq compared to last year.

Saleh told Al Furat News Agency, "This rise reflects the market's reaction to the uncertain future of foreign currencies, particularly the decline of the dollar against rising local and global gold prices."

He explained that "globally, with geopolitical tensions and trade wars escalating, investors are turning to gold as a safe haven amid rising international economic risks. He pointed to massive investment flows into gold exchange-traded funds (ETFs), which are witnessing unprecedented levels, in addition to an unprecedented increase in central banks' demand for gold, with annual purchases approaching 1,000 tons, in an attempt to bolster their reserves and reduce reliance on the dollar, which has contributed to raising global prices." 

Saleh predicted, based on reports from Goldman Sachs, a global financial services company, that the price of gold will reach $3,700 per ounce by the end of 2025, and may exceed $3,880 if the global economic situation deteriorates.

On the local level, Saleh noted that the establishment of the "Gold City" has contributed to stimulating the local market and surprising increases in demand for wholesale gold, which has had a significant impact on local retail prices, especially since Iraq is a net importer of gold.

He added that "the historic rise in gold prices is supported today by a number of global speculative and investment factors, most notably the weak dollar, anticipation of interest rate cuts, geopolitical tensions, and increased central bank gold purchases. Saleh explained that despite the volatility in gold prices, there does not appear to be an imminent bubble burst towards a downside, with prices expected to remain at high levels or gradually rise in the coming months, which could impact prices locally." link

Mot:  Reminder it is!!! 

Mot: .. The Struggle Is Real

First for IQD, Change the 3 Zeros into US Cents

First for IQD, Change the 3 Zeros into US Cents

Edu Matrix:   8-31-2025

Sandy Ingram, in a recent insightful video from Edu Matrix, delivers a powerful update on Iraq, blending crucial political developments with promising economic opportunities and timeless financial wisdom.

If you’ve been tracking Iraq’s progress, the revaluation of the Dinar, or simply looking for smart investment strategies, this update offers a comprehensive perspective.

The video kicks off with significant breaking news: Iraq’s decision to withdraw a contentious militia bill. This isn’t just a political maneuver; it’s a clear demonstration of the powerful influence of U.S. financial leverage. Sandy highlights that the pressure from U.S. sanctions, particularly concerning $100 million held in U.S. banks, played a pivotal role in this decision.

This development underscores a vital point: financial mechanisms, often unseen by the public, are significant drivers in international relations. For Iraq, navigating U.S. sanctions and maintaining economic stability means making strategic choices that can impact its political landscape. It’s a delicate balance, and this withdrawal signals a willingness to engage constructively for broader economic goals.

Amidst the political complexities, Sandy shifts focus to a truly promising economic opportunity: Iraq’s inclusion in the Zang VC ecosystem. This isn’t just any initiative; it’s a Silicon Valley-based program designed to supercharge startup growth.

This inclusion in Zang VC marks a significant step towards diversifying Iraq’s economy beyond oil and fostering a vibrant, innovative startup scene. It’s a clear signal that the world is starting to see the vast, untapped potential within Iraq’s borders.

Sandy Ingram’s latest update from Edu Matrix serves as a potent reminder that global events are interconnected with our financial decisions. Iraq’s journey is multifaceted – from navigating international pressures to embracing technological innovation and building a new economic future.

By staying informed about these developments, being patient with long-term investments like the IQD, and wisely diversifying your portfolio with foundational strategies like VTSAX, you can position yourself for future growth.

https://youtu.be/F7LGrQt_5xc

https://dinarchronicles.com/2025/08/31/edu-matrix-first-for-iqd-change-the-3-zeros-into-us-cents/

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 8-31-25

Good Afternoon Dinar Recaps,

BRICS Announces Right To Uphold Trading in Local Currencies

Brazil’s finance minister says BRICS has every right to trade in local currencies, despite U.S. pressure.

Haddad Pushes Back Against Dollar Weaponization
Brazil’s Finance Minister Fernando Haddad openly criticized Washington’s reliance on the U.S. dollar as a tool of influence. In an interview with UOL, Haddad said BRICS countries are justified in conducting trade using their own currencies, despite pressure from the Trump administration.

“That doesn’t make sense. If we can make our transactions cheaper, why would we make them more expensive?” Haddad asked.

He stressed that the United States has no authority to prevent other nations from choosing settlement methods that strengthen their economies.

How Local Currencies Support Trade
According to Haddad, trading in local currencies provides clear economic benefits:

• Lower foreign exchange costs compared to the U.S. dollar

• Support for domestic currencies in global forex markets

• Reinforcement of GDP through cheaper import-export settlements

For businesses, this approach can mean substantial savings in cross-border trade, as exchange rate spreads are minimized.

The U.S. Cannot Stop BRICS Shift
Haddad warned that Washington’s own policies risk undermining the dollar’s status. He pointed to Trump’s tariffs and trade wars as examples of costly mistakes that weaken global confidence.

“Another thing is this issue of turning the dollar into a weapon of war, like what happened against Russia. So, this is what is weakening it,” he said.

Trump’s decision to impose tariffs on BRICS members for reducing reliance on the dollar has further accelerated their shift toward alternative systems.

A Multipolar Financial World Emerging
BRICS members are exploring frameworks to anchor cross-border trade around a basket of local currencies rather than the U.S. dollar.

The U.S. dollar will likely remain a reserve currency, Haddad admitted, but its exclusive status is under threat. Unless Washington reverses course, BRICS intends to move forward with a more multipolar monetary order.

Why This Matters
BRICS’ insistence on local currency trade is more than symbolic—it signals a deeper break from U.S. financial dominance. By lowering costs and boosting their own economies, BRICS nations are laying the foundation for a world where the dollar is no longer the single pillar of global trade.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

4 Industries To Be Hit if BRICS Drops the Dollar

If BRICS abandons the U.S. dollar for trade, key American industries could face severe disruption.

A Risk to the American Economy
If BRICS nations follow through on plans to use local currencies instead of the U.S. dollar, the move could send shockwaves through the American economy.

The U.S. has long relied on global demand for dollars to support its financial system. Without it, inflation could rise, exports could weaken, and jobs would be at risk. From Wall Street to Washington, four industries in particular stand to lose the most.

1. Stock Market & Wall Street
Global capital flows are tied to the dollar’s dominance. If demand weakens, U.S. stock markets could suffer steep declines, with volatility spreading across financial institutions and investor portfolios.

2. Export & Manufacturing Industry
American manufacturers depend on dollar-based trade for cost efficiency. A shift to local currencies would erode competitive pricing, making U.S. exports more expensive and less attractive abroad.

3. Digital Payments & Technology
Silicon Valley’s payment platforms and fintech giants are built around the dollar’s global role. Reduced international reliance on the greenback could hurt transaction volumes, valuations, and growth opportunities in the sector.

4. U.S. Government & Debt Markets
Perhaps the most dangerous impact would be on Washington itself. The U.S. Treasury depends on dollar demand to finance its debt. If BRICS reduces reliance, borrowing costs could rise sharply, straining federal budgets and long-term stability.

The Domino Effect
These industries are deeply interconnected. Market losses could ripple into the job market, with corporations cutting staff to manage falling revenues. Inflation would erode household savings, while essentials like food and fuel could see rapid price hikes.

Why This Matters
If BRICS ultimately abandons the dollar, the U.S. would face more than a financial setback—it could trigger a broad economic downturn. For now, the dollar remains dominant, but the warning signs are clear: a multipolar world threatens the very foundation of America’s economic strength.

@ Newshounds News™
Source: Watcher Guru    

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Thank you Dinar Recaps

“Tidbits From TNT” Sunday 8-31-2025

TNT:

Tishwash: The digital economy in Iraq: 10 million bank cards and 15 trillion dinars in payments

The Eco Iraq Observatory, which specializes in economic affairs, announced on Saturday that the number of active bank cards in the country has exceeded 10 million, indicating the rapid expansion towards a digital economy.

The observatory quoted the Baghdad Council for Digital Transformation and Electronic Payments, in a statement received by Shafaq News Agency, as saying, "The qualitative transformation in the electronic payment sector is due to the policies of the Central Bank of Iraq and the government's support for this process."

According to the council, the volume of digital payments exceeded 15 trillion Iraqi dinars, including 1.7 trillion dinars for customs, while the remaining transactions were distributed across various other sectors.

The Council emphasized that "electronic payment companies are non-banking financial institutions whose mission is limited to executing transfers without storing funds or opening accounts," noting that "these companies have directly contributed to building the infrastructure for this transformation."

He pointed out that "the ongoing reforms in the banking system aim to consolidate governance and strengthen the foundations of the country's digital economy."  link

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

Tishwash:  Japanese Ambassador: The Memorandum of Understanding with Iraq paves the way for economic integration between the two countries.

Japanese Ambassador to Iraq Akira Endo affirmed on Sunday that the memorandum of understanding with Iraq will contribute to strengthening relations between the private sectors of both countries, Japan and Iraq.

In a speech he delivered following the signing of the Memorandum of Understanding between Iraq and Japan on (developing educational programs and pursuing projects in the fields of technology, engineering, mathematics, and arts), which was attended by the correspondent of the Iraqi News Agency (INA), Ando expressed his "happiness to celebrate this valuable moment in the journey of Japanese-Iraqi friendship and the signing of the Memorandum of Understanding between Gakken Holding Company and the Iraq Development Fund ( IDF )."

He added, "We have noticed an improvement in the political, economic, and security situation, as Iraq enjoys stability under the wise leadership of Prime Minister Mohammed Shia al-Sudani. The Iraqi government is pursuing a balanced diplomacy aimed at building good relations with neighboring and regional countries, and a diplomacy of economic partnerships aimed at strengthening economic relations." He expressed Japan's appreciation for these efforts by the Iraqi government.

He added, "Since 2003, the Japanese government has implemented an aid program with grants worth approximately $2.8 billion to rebuild living infrastructure, such as schools, in addition to $11.5 billion in yen loans to rehabilitate and develop infrastructure, such as electricity, water, sanitation, and oil."

He continued, "Japan has become one of the leading donors of official development assistance to Iraq in recent years," noting that "Japan has consistently provided support to the Iraqi people to help them continue their journey toward a brighter future, by supporting their efforts in nation-building, economic reconstruction, and development alongside the Iraqi people."

The Japanese ambassador stated that the Iraq Development Fund highlighted the areas of education, agriculture, housing, digital transformation, manufacturing, food security, and the environment, noting that the Iraqi government has prioritized these areas under the leadership of the Sudanese Prime Minister.

He explained that " Gakken has been one of the leading Japanese companies since its founding in 1946. Over the course of nearly 80 years, it has contributed to the overall reconstruction of the country by enhancing the academic capabilities and social skills of all Japanese citizens, especially in the field of science." He expressed his hope that " Gakken's expertise in Iraqi educational fields will be employed to enhance the development of human resources that will lead Iraq's future industries, which will contribute to the country's reconstruction and economic development after the war."

He added, "The signing of the Memorandum of Understanding between Gakken and the Iraq Development Fund ( IDF ) is a very important and timely event that will contribute to strengthening relations between the private sectors in Japan and Iraq in terms of information exchange, support, promotion, and coordination of businesses  link

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

Tishwash:  Al-Sudani: 5G service represents a "qualitative step" to enhance the telecommunications sector in Iraq.

Prime Minister Mohammed Shia Al-Sudani affirmed, today, Sunday (August 31, 2025), that the advanced (5G) service represents a "qualitative step" to enhance the communications sector in Iraq, during his sponsorship of the signing of the founding contract for the National Company for Mobile Communications Services.

The Prime Minister's media office stated in a statement received by Baghdad Today that "Al-Sudani sponsored today, Sunday, the signing of the founding contract for the National Mobile Telecommunications Services Company, as a public joint-stock company, which was previously approved in the government program, with contributions from three entities: the State Employees' Retirement Fund, the Trade Bank of Iraq, and the Al-Salam Public Company affiliated with the Ministry of Communications."

He added that "the Prime Minister appreciated the efforts made by the Ministry of Communications in this regard," noting the need to complete the procedures to provide the service, especially since it will be coupled with the advanced (5G) service, which will be available to all citizens."

Al-Sudani stressed, according to the statement, that "the establishment of the National Company for Telephone and Transmission Services, which was approved in the government program, represents a qualitative step in the field of enhancing telecommunications services, given the significant development they are witnessing, which requires the company to compete with other companies in order to provide the best telecommunications services that now cover all areas of life, especially the economy, education, and the development witnessed by the country."

The Prime Minister explained that "this step represents the first of three government entities to establish a mobile phone company, which will be open to subscription by citizens to contribute to the company's capital. This represents one of the paths adopted by the government to strengthen the non-oil economy." He noted that "the establishment of the company does not mean restricting the private sector, but rather creating an atmosphere of competition with the aim of providing the best services to citizens."  link

Mot:  Straight from the Mom files.  

Mot: Hay Guys!! - Careful as YOu Answer the Singles Ads after da ""RV"" 

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-31-25

Good Morning Dinar Recaps,

Trump’s Central Bank Theatrics Expose the Fed’s Myth of Independence

Trump’s latest clash with the Federal Reserve raises questions about whether the Fed has ever truly been independent.

The Fed’s Walls Were Never Fortified — Only Pretended
The Federal Reserve has been a contentious fixture in U.S. history since its creation in 1913. While often described as “independent,” the Fed was deliberately built with a public-private framework, allowing for both banker control and presidential influence.

From appointments and dismissals to public criticism, U.S. presidents have long wielded pressure on the central bank—shaping monetary policy to fit political needs.

Wilson’s Hand in Creation
President Woodrow Wilson championed the Federal Reserve Act of 1913, signed into law on December 23 of that year. While its stated goal was to curb recurring financial panics, Wilson ensured presidential appointees sat on the Fed board, embedding political influence at its core.

At the same time, powerful banking families tied to earlier crises, including the Panic of 1907, played pivotal roles in shaping the Fed’s design. Wilson’s precedent guaranteed that political and banking interests would remain entangled in Fed operations.

Hoover and the Depression Strain
During the Great Depression, President Herbert Hoover pressured the Fed to cut rates to spur recovery. Instead, the Fed raised them—highlighting tensions between presidential demands and central bank policy.

This early clash exposed the fragility of Fed “independence” when presidents pressed for action during crises.

Peak Power — Roosevelt’s Grip on the Fed
Franklin D. Roosevelt expanded presidential influence dramatically. By suspending the gold standard in 1933 and enacting the Banking Acts of 1933 and 1935, FDR consolidated authority over monetary policy.

Throughout the Depression and World War II, the Fed effectively became an arm of the Treasury, pegging interest rates low to cheaply finance massive deficits. This era marked perhaps the height of presidential control over the Fed.

Truman’s Showdown
President Harry Truman clashed with Fed Chair Thomas McCabe in 1951, demanding low rates to finance the Korean War. His pressure forced McCabe’s resignation.

The Treasury-Fed Accord that followed sought to restore independence, but Truman’s victory showed how presidents could still bend monetary policy to wartime needs.

Kennedy and Johnson’s In-House Influence
John F. Kennedy frequently met with Fed Chair William McChesney Martin to press for pro-growth policies in the early 1960s. Lyndon B. Johnson went further, summoning Martin to his Texas ranch in 1965 and berating him for raising rates during Vietnam War spending.

Recordings reveal how Johnson’s personal intimidation influenced short-term Fed decisions—further blurring independence.

Nixon’s Inflation Legacy
Richard Nixon took Fed influence to another level. In 1970, he appointed Arthur Burns as Fed Chair and pressured him to keep rates low ahead of the 1972 election.

Burns complied, but the political pressure helped unleash the inflationary surge of the 1970s—demonstrating the long-term costs of White House meddling.

Trump’s Theatrics Today
Fast forward to today: President Donald Trump’s public pressure on Fed Chair Jerome Powell and his controversial dismissal of Governor Lisa Cook have once again thrust the Fed into political theater.

Critics argue Trump’s tactics risk undermining Fed credibility abroad. But history shows this is hardly new—rather, it’s a continuation of a century-long pattern where presidents bend or break the Fed’s supposed autonomy.

Why This Matters
The Federal Reserve’s “independence” has always been conditional, more myth than reality. From Wilson to FDR, from Truman to Nixon, and now Trump, presidents have consistently shaped Fed policy through pressure, appointments, and outright confrontation.

Trump’s theatrics may look unprecedented, but in truth, they reaffirm a long-standing reality: the Fed’s autonomy is fragile, performative, and ultimately subordinate to political power.

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

What Makes XRP Different From Every Other Cryptocurrency

XRP stands apart in the crowded crypto market by focusing on real-world payments instead of speculation.

A Market Full of Narratives
The cryptocurrency industry has matured dramatically since Bitcoin’s launch. Thousands of assets now compete for attention, from Ethereum’s smart contract platforms to meme tokens and NFTs.

But XRP carved out a unique identity. Unlike most digital currencies, it was designed with a narrow purpose: to make global payments faster, cheaper, and more efficient.

This focus has given XRP adoption not only among traders but also among banks, remittance firms, and payment providers. While most crypto projects remain speculative, XRP has been tested in real settlement systems worldwide.

Pre-Mined Supply and Predictable Release
XRP’s structure differs from Bitcoin and Ethereum, which release coins through mining. At launch in 2012, 100 billion XRP were created in advance. Ripple Labs placed much of this supply in escrow accounts for gradual release.

Supporters say this makes XRP’s circulation transparent and predictable, while critics warn it concentrates control. Either way, the model offers institutions more familiarity than the uncertainty of mined assets.

Fast and Low-Cost Transactions
Transactions on the XRP Ledger settle in 3–5 seconds, compared with Bitcoin’s 10 minutes or Ethereum’s congested minutes. Fees cost only fractions of a cent.

These advantages have been proven in remittance corridors worldwide. Ripple partnerships in Asia, Europe, and Latin America demonstrate how XRP cuts costs and delays in cross-currency payments—advantages few other blockchains can match.

Energy-Efficient Consensus Model
Unlike proof-of-work blockchains, XRP uses a consensus mechanism that avoids mining altogether. Validators agree on transactions without requiring massive electricity consumption.

According to CME data, an XRP transaction consumes just 0.0079 kWh, compared with Bitcoin’s 707 kWh. As institutions increasingly weigh ESG standards, XRP’s green profile stands out.

Purpose-Built for Payments
Bitcoin is “digital gold.” Ethereum is a decentralized app platform. XRP was purpose-built to bridge fiat currencies.

By serving as a liquidity asset, XRP allows banks to move money globally without pre-funded accounts. This saves institutions time and cost, turning XRP into a payments tool rather than just another speculative asset.

Advanced Features on the XRP Ledger
Beyond payments, the XRP Ledger includes a native decentralized exchange (DEX) and built-in asset tokenization. Developers can launch tokens, swap assets, and build applications directly at the protocol level.

This makes the ledger more versatile for financial applications than most other blockchains, while still keeping its payment-first design.

Proven Reliability and Long Track Record
Since 2012, the XRP Ledger has delivered over a decade of continuous uptime. Few blockchains can claim such consistency across multiple bull and bear cycles.

For enterprises considering blockchain, this reliability adds weight alongside innovation. Developers also benefit from XRPL.org’s tools and documentation.

Market Behavior and Independence
XRP shows weaker correlation with Bitcoin and Ethereum than most top assets. Studies suggest XRP’s moves are tied more to adoption and regulatory milestones than broader speculative cycles.

This relative independence makes it attractive for investors seeking diversification in the digital asset space.

Regulatory Clarity and Ripple’s Influence
Ripple Labs has played a unique role in XRP’s adoption, pushing for global licensing and enterprise partnerships. In the U.S., court rulings in 2023–24 declared XRP itself not a security, giving it rare clarity compared with other crypto assets.

Ripple’s advocacy has added legitimacy, giving XRP both a decentralized ledger and a corporate champion—a combination few projects enjoy.

Why This Matters
XRP is different because it wasn’t built to follow hype cycles. Its pre-mined, escrow-controlled supply, fast settlement, low fees, and energy efficiency give it structural advantages. Its track record, enterprise adoption, and regulatory clarity give it credibility.

In a crowded field of speculative cryptocurrencies, XRP’s clarity of purpose—to move money like information: fast, cheap, and borderless—is what makes it stand apart.

@ Newshounds News™
Source: Coindoo   

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