Iraq Economic News and Points To Ponder Thursday Afternoon 9-4-25

Fluctuations In The Dollar Exchange Rate In Iraqi Markets

economy | 04/09/2025  Mawazine News - Baghdad -   The exchange rate of the US dollar against the Iraqi dinar witnessed fluctuations on Thursday in the markets of the capital, Baghdad, and Erbil.

The dollar price rose on the two main stock exchanges, Al-Kifah and Al-Harithiya, in Baghdad, to 143,050 dinars for every $100, while it recorded 142,800 dinars for every $100 on Wednesday.

Selling prices in exchange shops in the local markets in Baghdad rose, with the selling price reaching 144,000 dinars for every $100, and the buying price reaching 142,000 dinars for every $100. https://www.radionawa.com/Babetekan.aspx?Babet=1

Gold, Palladium, And Platinum Decline With Market Volatility

economy | 04/09/2025  Mawazine News - Follow-up:  Gold fell on Thursday due to profit-taking after hitting an unprecedented peak, supported by expectations of a US interest rate cut, while investors awaited important US jobs data scheduled for release this week.

Spot gold fell 0.3% to $3,546.73 per ounce, as of 01:53 GMT, after reaching a record high of $3,578.50 on Wednesday.  US futures for December delivery also fell 0.8% to $3,605.60 per ounce.

US stocks were mostly higher on Wednesday, with the Dow Jones Industrial Average closing almost flat, the S&P 500 rising about 0.5%, and the Nasdaq Composite rising 1%. https://www.mawazin.net/Details.aspx?jimare=266187

Oil Falls More Than 2% Amid Anticipation Of OPEC+ Decisions

economy | 04/09/2025  Mawazine News - Follow-up:  Oil prices fell on Thursday, continuing their more than 2% decline in the previous session, as investors and traders looked ahead to the OPEC+ meeting at the end of the week, where producers are expected to consider further increases in production targets.

Brent crude fell 27 cents, or 0.40%, to $67.33 a barrel by 01:14 GMT, while US West Texas Intermediate crude fell 28 cents, or 0.44%, to $63.69 a barrel.

Two sources familiar with the matter said that eight members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, will consider further production increases at their meeting on Sunday, in an attempt by the group to regain market share.

OPEC+ had already agreed to raise production targets by about 2.2 million barrels per day from April to September, in addition to increasing the United Arab Emirates’ quota by 300,000 barrels per day. https://www.mawazin.net/Details.aspx?jimare=266185

Iraq Ranks High Globally In The Use Of Cryptocurrencies.

economy | 01:42 - 04/09/2025  Mawazine News - Baghdad -  The Global Cryptocurrency Adoption Index (GCI) revealed that Iraq ranked relatively high, ranking among the top third of countries worldwide using cryptocurrencies.

The sixth edition of the GCI reveals the extent of cryptocurrency adoption at the grassroots level. The index consists of four sub-indices and ranks 151 countries, assigning a final score between 1 and 0. The closer a country's score is to 1, the higher its ranking in cryptocurrency adoption.

Iraq ranked 44th globally out of 151 countries, placing it among the top third in cryptocurrency adoption. With a score of 0.05, Iraq outperformed Saudi Arabia, Oman, Kuwait, the UAE, Qatar, and Bahrain. However, Turkey, Yemen, and Jordan outperformed Iraq.

Data indicates that the Asia-Pacific region was the fastest-growing region for cryptocurrency supply chain activity, with a 69% year-on-year increase in value received over the past 12 months.

Total cryptocurrency transaction volume in the Asia-Pacific region rose from $1.4 trillion to $2.36 trillion. https://www.mawazin.net/Details.aspx?jimare=266202

German Ambassador: Access To Finance Guide Will Develop Iraq's Financial Sector

Buratha News Agency1582025-09-03   The Chargé d'Affaires of the German Embassy in Iraq, Roland Westebe, confirmed on Wednesday that the Access to Finance Guide is a strategic step for small and medium-sized enterprises (SMEs).

He pointed out that the cooperation with the Central Bank aims to strengthen and support the financial sector in Iraq for the coming years. Westebe told the official agency, "The Access to Finance Guide offers many financial services, but SMEs are unable to access them because there is a lack of information available to them, or it may be offered privately."

He also pointed out that "the guide will be the primary reference for small and medium-sized enterprises to understand the types of services provided and how to access and evaluate them."

He added, "The project is a major strategic step towards improving access to financing for small and medium-sized enterprises and enhancing the financial sector in Iraq, in cooperation with the Central Bank and the Association of Banks," noting that "we will continue to provide support to the Iraqi financial sector in the coming years."  https://burathanews.com/arabic/news/464616

MP: More Than 30 International Companies Are Interested In Entering The Renewable Energy Market In Iraq.
E+conomy | 04/09/2025  Mawazine News - Baghdad -  MP Mudhar Al-Karwi revealed on Thursday the desire of more than 30 international companies to invest in the renewable energy sector in Iraq.

Al-Karwi said, "Iraq represents a locomotive for renewable energy, especially in the field of electricity generation from solar panels, given its ideal climate for this purpose, the possibility of supplying the produced energy to the national grid, and the large space available for local consumption."

He added, "Iraq has been suffering for many years from a worsening electricity crisis, with total consumption exceeding 40,000 megawatts," noting that "more than 30 countries and international companies have expressed their desire to engage in the renewable energy investment market, with efforts to establish strategic partnerships that will become more evident in 2026 through the implementation of more than ten important projects in stations with different production capacities in Diyala, Salah al-Din, and Kirkuk, in addition to some governorates of the middle and southern Euphrates."

Al-Karwi emphasized that "Iraq is capable, within the next five years, if renewable energy projects are implemented, of securing between 10 and 15% of its electricity needs through renewable energy, once all established plants are operational and producing."

For years, Iraq has relied on Iranian gas to operate a large portion of its power plants, given its weak domestic production and the delay in associated gas investment projects. Despite Baghdad's attempts to diversify its energy sources, US sanctions imposed on Tehran complicate this issue. Washington grants temporary waivers to Iraq allowing it to import, but these are subject to periodic reviews, keeping the energy file hostage to geopolitical tensions.

This comes at a time when Iraq is suffering from a chronic electricity crisis that worsens during the summer, making any sudden decision to halt Iranian supplies a threat to the stability of the electricity system.

Between US pressure and the urgent need for energy, the Iraqi government is searching for alternative solutions that guarantee its energy security without compromising its international obligations. https://www.mawazin.net/Details.aspx?jimare=266218

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 9-4-25

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BRICS News:  Sri Lanka, Kenya, Panama Snub US Dollar, Take BRICS Loan in Yuan

Emerging economies turn to China’s cheaper yuan financing as an alternative to the dollar, raising questions about the future of U.S. currency dominance.Cheaper Loans, Strategic Savings

Developing nations are increasingly looking to Beijing for funding—and specifically in Chinese yuan. Kenya, Panama, and Sri Lanka are the latest to strike loan deals with China, bypassing the U.S. dollar in favor of cheaper financing.

Panama saved over $200 million by switching its loan currency to yuan, citing lower foreign exchange costs.

• Kenya secured a $5 billion yuan-denominated loan from China’s Exim Bank for a major railway project.

• Sri Lanka has requested yuan financing to revive stalled infrastructure projects, a request Beijing is expected to approve.

For these governments, the decision is not ideological but financial: yuan loans simply cost less.

BRICS Leverages Yuan Appeal
China, a leading member of BRICS, is actively promoting yuan lending as a competitive alternative to dollar debt.

• Borrowing costs in U.S. dollars currently range between 4.25%–4.50%.

• Loans in yuan are offered at rates near 1.4%, a dramatic difference.

• By providing cheaper financing, Beijing not only secures influence in the Global South but also accelerates the yuan’s international use.

Experts note that these arrangements, while pragmatic, fall short of full-scale de-dollarization. For most borrowers, it is about lowering costs rather than permanently shifting away from the dollar.

Dollar Demand at Risk
Still, the optics are significant. Each yuan loan chips away at the dollar’s role in global finance. By positioning the yuan as a low-cost borrowing currency, China offers developing countries a financial lifeline that Washington cannot easily match.

While U.S. officials dismiss these moves as temporary, the trend points toward a slow erosion of dollar demand, particularly in regions where infrastructure and debt relief dominate political priorities.

Global Context: U.S. Debt Meets BRICS Strategy
This comes at a time when U.S. debt exceeds $36 trillion, with interest costs ballooning due to higher rates. The juxtaposition is stark:

• Washington is paying more to service its own debt.

• Meanwhile, BRICS nations are extending cheap yuan loans abroad, undercutting the dollar’s financing appeal.

This dual dynamic—rising U.S. fiscal strain vs. BRICS yuan lending—amplifies the global conversation on de-dollarization. While not yet a structural shift, these financing decisions strengthen BRICS’ broader campaign to diversify away from dollar dominance in trade, energy, and now sovereign debt.

Why This Matters
Kenya, Sri Lanka, and Panama may see yuan loans as a practical cost-saving measure, but the broader effect is strategic: BRICS is normalizing non-dollar financing. The more countries choose yuan debt, the more the global system adapts to multiple reserve currencies—a development that could accelerate pressure on the U.S. to defend the dollar’s role in world markets.

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Source: Watcher Guru

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Seeds of Wisdom RV and Economic Updates Thursday Morning 9-4-25

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Federal Reserve to Put Stablecoins at Center of October Payments Conference

Fed sets October 21 summit to examine tokenization, AI, and stablecoin business models as Congress advances digital asset regulation.

Fed Puts Stablecoins in the Spotlight
The U.S. Federal Reserve has announced a high-profile conference on October 21 to explore the future of payments innovation, with stablecoins taking center stage.

The event will bring together regulators, financial institutions, and technology leaders to discuss how tokenization, decentralized finance, and artificial intelligence could reshape the global payments system.

Federal Reserve Governor Christopher J. Waller described the conference as part of the Fed’s commitment to balance innovation with stability:

“Innovation has been a constant in payments to meet the changing needs of consumers and businesses.”

Conference Agenda: Tokenization, AI, and DeFi
The Payments Innovation Conference will feature panels on:

• Stablecoin business models and their role in global finance

• The convergence of traditional banking and decentralized finance

• Tokenization as a tool for transforming asset ownership and transfers

• Artificial intelligence in the payments sector

The event will be livestreamed on the Fed’s website, with further details to be released closer to the date.

Stablecoins Gain Ground in Financial Markets
The conference comes amid rapid growth in stablecoins, which now exceed $230 billion in circulation globally. Tokens such as Tether’s USDT and Circle’s USDC have become essential to crypto markets and are increasingly viewed as bridges to traditional finance.

Policymakers are weighing whether stablecoins could improve efficiency in payments—or risk destabilizing banking systems if they begin to replace deposits or disrupt existing financial infrastructure.

Shifting U.S. Regulatory Landscape
The Fed’s move follows Congress’ passage of the first federal stablecoin legislation in July, giving banks clearer rules for issuing dollar-backed tokens. Vice Chair for Supervision Michelle Bowman has urged regulators to take a more hands-on approach, even suggesting that Fed staff hold small amounts of crypto to better understand blockchain technology.

Bowman warned that an “overly cautious mindset” could leave the U.S. banking system less relevant, while tokenization could offer efficiency gains in asset transfers.

Fed Pulls Back Specialized Crypto Oversight
The October conference also comes against the backdrop of the Fed scaling back its oversight of banks’ crypto activities.

• In April, the Fed rescinded supervisory letters requiring banks to seek approval before engaging in stablecoin or crypto services.

• In August, it ended its Novel Activities Supervision Program, which had closely monitored banks’ digital-asset ventures.

The Fed said the program had achieved its goal of better understanding risks, while critics had called it a barrier to innovation.

Lawmakers like Senator Cynthia Lummis hailed the rollback as a victory over what she and others called “Operation Chokepoint 2.0.” President Donald Trump has also criticized excessive oversight, framing it as part of a “debanking” agenda.

Legislative Push for Clarity
At the same time, lawmakers have advanced several bills during “Crypto Week” in July:

• CLARITY Act – Distinguishes securities from commodities.

• GENIUS Act – Provides federal oversight for stablecoin issuers.

• Anti-CBDC Surveillance State Act – Blocks creation of a U.S. central bank digital currency.

Together, these moves reflect Washington’s pivot toward a more crypto-friendly policy environment.

Why This Matters
The Federal Reserve’s October conference signals a major step in placing stablecoins at the center of U.S. financial policy discussions. With Congress pushing forward legislation and the Fed scaling back restrictive oversight, the stage is set for a recalibration of how digital assets and traditional banking will coexist.

The outcome could shape not only the role of stablecoins but also the future of payments innovation in the U.S. and beyond.

@ Newshounds News™
Source: CryptoNews

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Lagarde Warns EU Stablecoin Rules Could Leave Europe Exposed

ECB chief calls for stronger legislation and global coordination to address liquidity risks in the fast-growing stablecoin market.

ECB Flags Stablecoin Risks
European Central Bank (ECB) President Christine Lagarde has urged lawmakers to accelerate legislative action to address vulnerabilities tied to stablecoins.

Speaking at the European Systemic Risk Board (ESRB) conference on Sept. 3, Lagarde cautioned that while stablecoins represent innovation, they also bring back long-recognized risks in new forms.

“The categories of risk they create are not new. They are risks long familiar to supervisors and regulators,” she said.

Liquidity as the Immediate Concern
Lagarde stressed that liquidity mismatches pose the most pressing threat. Stablecoin issuers often promise instant redemption at par value, even while investing in assets that may not be liquid enough to withstand sudden redemption demands.

• Such mismatches can trigger destabilizing runs.

• She pointed to the 2007 Northern Rock collapse in the UK as a cautionary tale, where a withdrawal demand of just 5% of assets triggered failure.

• By contrast, Tether managed redemptions of nearly 30% of its reserves in 2022 without collapsing, underscoring the varied resilience of issuers.

Weakness in MiCA Framework
Lagarde also flagged gaps in the EU’s Markets in Crypto-Assets (MiCA) regulation.

Under current “multi-issuance schemes,” an EU entity can issue fungible stablecoins jointly with a non-EU partner. However, MiCA requirements do not extend to the non-EU issuer.

This could mean:

• EU issuers bear disproportionate redemption pressure.

• Reserve adequacy may fall short during stress.

• The structure mirrors earlier problems in cross-border banking, where regulators imposed liquidity standards like the net stable funding ratio to prevent mismatches.

Without equivalent safeguards for stablecoins, Europe could become the weak link in global redemption flows.

Call for Stronger Legislation and Global Standards
Lagarde called on lawmakers to close loopholes by tightening rules around cross-border stablecoin schemes.

“We must take concrete steps now. European legislation should ensure that such schemes cannot operate in the EU unless supported by robust equivalence regimes in other jurisdictions and safeguards relating to the transfer of assets between the EU and non-EU entities,” she said.

She also emphasized the need for international coordination, warning that without global standards, risks could migrate to jurisdictions with the weakest protections—undermining European financial safeguards.

Why This Matters
Stablecoins have grown into a $230+ billion market globally, making them a central pillar of the digital asset economy. Lagarde’s remarks highlight Europe’s concern that without stronger protections, the EU could face disproportionate financial risk while becoming a regulatory soft spot in global markets.

@ Newshounds News™
Source: CryptoSlate

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Congress Prepares Market Structure Bill as Stablecoin and Tokenization Debates Intensify

Lawmakers return from recess with crypto regulation high on the agenda, building on the GENIUS and CLARITY Acts while the Fed prepares its October Payments Innovation Conference.

Congress Returns With Heavy Agenda
Crypto may be in its last quiet period before major regulatory activity begins in Washington. According to Ron Hammond, Head of Policy and Advocacy at Wintermute, this week could be the final lull before Congress moves forward with sweeping action on digital assets.

Lawmakers returned from recess in early September facing the threat of a government shutdown. Yet crypto remains near the top of the list. The Senate is preparing its own version of a market structure bill, aiming to define how digital assets are regulated in the U.S.

The House already passed the bipartisan CLARITY Act earlier this year, establishing clearer definitions between securities and commodities. The Senate, however, wants to draft its own approach. A first draft is expected by mid-to-late September, with committee review likely to follow in the fall.

Market Structure Bill: What to Expect
The House has worked on market structure proposals for nearly eight years, but the Senate only began serious hearings this year. Senators want greater ownership of the process, including revisiting definitions of ancillary assets and decentralization tests.

If momentum continues, a Senate vote could happen in late October or November, with the House potentially taking it up before year-end. That timeline means a bill could pass before Christmas—or be pushed into 2026.

TradFi vs. Crypto: The Tokenization Debate
Alongside market structure, tokenization of traditional assets is drawing sharper focus.

• Wall Street firms like Citadel have voiced skepticism, citing risks tied to tokenized securities.

• Firms such as Galaxy Digital, meanwhile, argue tokenization enhances efficiency and expands investor access.

• The SEC is expected to release guidance on tokenized equities, further intensifying the debate in Washington.

Banks Push Back Against Stablecoins
Stablecoins are another flashpoint. The House’s GENIUS Act, passed in July, provided a framework for dollar-backed stablecoin issuance. But banks are lobbying to go further, particularly against interest-bearing stablecoins.

• Banks fear these products could drain deposits from the financial system.

• Earlier compromises limited stablecoin issuers, but banks now want tighter restrictions extending to affiliates, brokers, and dealers.

• The crypto industry counters that stablecoins promote efficiency, transparency, and lower cross-border payment costs.

The Senate’s market structure draft is expected to revisit these issues, potentially expanding or refining GENIUS Act provisions.

Fed’s Role in the Debate
Congress is not acting in isolation. The Federal Reserve has scheduled a Payments Innovation Conference on October 21, where stablecoins will take center stage alongside tokenization and AI in payments.

The timing underscores how legislative and regulatory momentum are converging. As lawmakers debate new rules, the Fed is also exploring the risks and opportunities of stablecoin business models—signaling that digital asset oversight is becoming a coordinated priority across branches of government.

Global Context: Europe’s Stablecoin Alarm
The U.S. debate comes just as Europe raises its own red flags. Earlier this month, ECB President Christine Lagarde warned that gaps in the EU’s MiCA framework could leave Europe vulnerable to destabilizing redemption flows from cross-border stablecoin schemes.

• Lagarde urged lawmakers to close loopholes that allow non-EU issuers to sidestep European liquidity standards.

• She cautioned that without stronger safeguards, the EU could become the “weak link” in global financial stability.

• Her call highlighted the urgent need for international coordination on stablecoin rules.

While the U.S. is moving toward a pro-innovation stance with the GENIUS Act, CLARITY Act, and pending Senate bill, Europe is focused on tightening safeguards to prevent systemic risks. Together, these parallel moves show how both Washington and Brussels are racing to shape the next phase of digital asset regulation—but with sharply different priorities.

Odds of Passage
Prediction markets currently place the odds of a U.S. market structure bill passing this year at around 40%. Hammond, however, believes the chances are stronger, citing bipartisan momentum and the recent passage of both the GENIUS Act and CLARITY Act as proof that crypto legislation is finally gaining traction.

“The right people are talking,” he said, suggesting the Senate and House could align before year-end.

Why This Matters
The next few months could be decisive for U.S. digital asset policy. With the CLARITY Act clarifying asset classifications, the GENIUS Act establishing stablecoin oversight, and the Fed’s October conference spotlighting payments innovation, the stage is set for a comprehensive framework to emerge.

Globally, as Lagarde’s warnings underscore, the U.S. and EU are taking different but complementary paths—America leaning into innovation, Europe focusing on risk prevention. Together, these efforts may determine how stablecoins and tokenized assets reshape the financial system worldwide.

@ Newshounds News™
Source: Coinpedia

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“Tidbits From TNT” Thursday Morning 9-4-2025

TNT:

Tishwash:  Economist: Iraq enjoys financial stability thanks to the Central Bank's reserves.

Economic advisor, Mazhar Mohammed Saleh, confirmed on Wednesday that financial stability in Iraq is solid, and no worrying indicators have yet emerged, despite the external challenges and geopolitical shocks facing the world. 

Saleh told Al-Maalouma that "financial concerns are mainly due to the repercussions of external shocks such as trade wars and energy price fluctuations, but Iraq has proven its resilience thanks to the Central Bank's foreign currency reserves."

He added that "monetary policy plays a pivotal role in stimulating the domestic financing market and supporting public liquidity, ensuring the implementation of government development programs and infrastructure projects, which is directly reflected in stimulating the labor market and enhancing economic activity."

He pointed out that "the strong coordination between fiscal and monetary policies dispels any fears of recession and even enhances the sustainability of economic stability, in light of low inflation and unemployment rates, high growth rates, and the launch of the social market strategy that balances protecting livelihoods and supporting investment and reconstruction."  link

Tishwash:  Exciting figures: Iraq ranks high globally in its use of cryptocurrencies.

The Global Adoption Index for Cryptocurrencies revealed solutions Iraq It ranks relatively high, as it is among the top third of countries in the world that use cryptocurrencies.

The sixth edition of the Global Cryptocurrency Adoption Index reveals the extent of cryptocurrency adoption at the grassroots level. The index consists of four sub-indices and ranks 151 countries, with a final score ranging from 1 to 0. The closer a country's score is to 1, the higher its cryptocurrency adoption rate.

And he came Iraq It is ranked 44th globally out of 151 countries, which makes it among the top third globally in the use of cryptocurrencies, and achieved points of 0.05, outperforming Saudi Arabia And Oman, Kuwait, the Emirates, Qatar, and Bahrain, but Türkiye Yemen and Jordan outperformed Iraq.

Data indicate that the region Asia and the ocean The guide It was the fastest-growing region for cryptocurrency activity on the supply chain, with value received increasing by 69% year-on-year over the past 12 months, and total cryptocurrency transaction volume in the region rose Asia Pacific From US$1.4 trillion to US$2.36 trillion.  link

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Tishwash:  Capital and global confidence: Iraq is on a journey to find global partners to build a diversified economy.

 Economic and financial expert Rashid Al-Saadi stressed, on Wednesday (September 3, 2025), the importance of increasing foreign investment in Iraq during the next phase, emphasizing its vital role in promoting sustainable economic growth and diversifying sources of income away from reliance on oil.

Al-Saadi told Baghdad Today, "Attracting foreign capital is a fundamental pillar for revitalizing the productive and service sectors. It enables technology transfer and national capacity building, as well as enhancing the competitiveness of the local market."

He added, "Iraq possesses promising investment potential, including natural resources, a strategic geographic location, and a young workforce. However, improving the business environment, simplifying bureaucratic procedures, and enhancing transparency and the rule of law remain essential to attracting investors and achieving long-term partnerships."

Al-Saadi continued, "Increasing foreign investment is a vital step to support economic stability and create new job opportunities, particularly in the industrial, agricultural, renewable energy, and information technology sectors. This requires formulating incentive policies and flexible legislation that align with international standards and give global companies the confidence to enter the Iraqi market."

In recent years, Iraq has witnessed a growing effort to diversify its sources of income and reduce its dependence on oil, particularly following the economic challenges posed by fluctuating energy prices and the global financial crisis.

Although Iraq possesses strong investment potential, such as abundant natural resources, a strategic geographic location, and a young workforce, challenges related to the business environment, bureaucratic procedures, and lack of transparency remain barriers to foreign capital flows.

Accordingly, economists and experts emphasize the need to adopt stimulating legislative policies and ensure legal stability to encourage international companies to confidently enter the Iraqi market and establish long-term partnerships  link

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Tishwash:  Baghdad, Erbil agree on ASYCUDA customs system and unified company ID

The Iraqi federal government and the Kurdistan Regional Government have agreed to implement the ASYCUDA customs system and adopt a unified economic number for companies, aiming to settle years of disputes that have slowed trade and investment.

The Kurdistan Region’s Ministry of Trade and Industry said the meeting brought together directors general of company registration, industrial development, customs, and quality control, along with representatives from the Interior Ministry and Sami al-Sudani, adviser to the federal prime minister.

Officials decided to enforce the 14-digit Unified Economic Number as a prerequisite for using ASYCUDA services. Companies in the Kurdistan Region will no longer need a separate tax ID, and will now be able to conduct import and export activities under the same conditions as firms in central and southern Iraq. link

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Mot: Played a New Game Today!! -- Tomorrow As Well!!!  

Currencies Shifting, USD, IQD, VND, JPY, EUR, INR

Currencies Shifting, USD, IQD, VND, JPY, EUR, INR

Edu Matrix:   9-3-2025

The foreign exchange (forex) market is a dynamic beast, constantly shifting with global economic winds, political developments, and monetary policy changes. Keeping up can feel like a full-time job, but fortunately, experts like Sandy Ingram from Edu Matrix regularly provide clarity and strategic insights.

In a recent Edu Matrix video, Sandy Ingram offered an insightful overview of the forex market, specifically highlighting currency recommendations for September. If you’re looking to understand where the smart money might be moving, here’s a breakdown of her key observations:

Sandy Ingram kicked off her discussion by shining a spotlight on two lesser-known but increasingly promising currencies: the Iraqi Dinar (IQD) and the Vietnamese Dong (VND). These aren’t your typical major players, but both are gaining traction thanks to compelling economic stories:

Iraqi Dinar (IQD): Iraq is experiencing positive economic developments, fueled by growing foreign investments and significant infrastructure projects. While liquidity might still be a factor, the underlying economic improvements offer an optimistic long-term outlook.

Vietnamese Dong (VND): Vietnam continues to be an economic darling, with its expanding export sector and an increasingly vital role in global trade. This robust economic activity strengthens the case for the VND.

While these currencies might not have the same trading volume as their major counterparts, their improving economic fundamentals make them worth watching for those with a higher risk tolerance and longer investment horizon.

A major theme dominating the September outlook is the US Dollar’s recent weakening. This decline isn’t arbitrary; it’s largely driven by:

Expectations of Fed Rate Cuts: The market is increasingly anticipating that the Federal Reserve will cut interest rates soon, which typically devalues a currency.

Political Instability & Fed Independence Concerns: Broader political uncertainties and concerns regarding the Fed’s independence are also contributing to a softer dollar.

This decline in the dollar’s strength is a significant catalyst, allowing several other currencies to appreciate against it.

With the dollar easing, European currencies are standing tall:

British Pound (GBP): The British Pound stands out as one of the strongest performers. Supported by a stable UK economy, it shows potential to reach $1.38 to $1.40 against the US dollar.

Euro (EUR): The Euro is also gaining momentum, starting the month above $1.17 and possibly moving closer to $1.18 if upcoming US economic data proves disappointing.

The positive ripple effect of an easing US dollar and growing global trade is also benefiting several Asian and Oceanic currencies:

Chinese Yuan (CNY)

Australian Dollar (AUD)

Singapore Dollar (SGD)

South Korean Won (KRW)

Taiwan Dollar (TWD)

These currencies are strengthening, supported by an overall easing US dollar, robust global trade flows, and stable economic fundamentals within their respective regions.

However, not all currencies are thriving in this environment. Sandy Ingram pointed out that the Indian Rupee (INR) remains weak. This is attributed to factors like ongoing tariffs, reduced foreign investment, and persistent long-term economic challenges within India. It’s a reminder that even in a generally positive environment for many currencies, individual economic headwinds can dictate performance.

Overall, Sandy Ingram’s analysis from Edu Matrix powerfully underlines the dynamic and interconnected nature of currency markets. US monetary policies and political developments wield significant influence over global currency valuations, creating both challenges and opportunities across the board.

For a deeper dive into these analyses, including specific strategies and further details, make sure to watch the full video from Edu Matrix. It’s an invaluable resource for anyone looking to make informed decisions in the ever-evolving world of foreign exchange.

https://youtu.be/rxJw8VWqEwI

Iraq Economic News and Points To Ponder Wednesday Morning 9-3-25

Iraq Maintains Global Ranking In Gold Reserves
 
 Iraq Amr Salem September 2, 2025 268 A gold vault holding gold bars. Photo: Shutterstock
 
Baghdad (IraqiNews.com) – The World Gold Council announced on Tuesday that Iraq’s gold reserves had remained stable.   According to the most recent assessments released by the council, Iraq
 has made no gold purchases since the beginning of 2025. The council highlighted that it  remained in 29th place internationally out of 100 with the highest gold reserves.

Iraq’s gold holdings amounted to 162.7 tons,  or 16.9 percent of its total foreign reserves.
 
Additionally, following Saudi Arabia, Lebanon, and Algeria, Iraq kept its fourth rank among Arab countries.   In response to growing economic and geopolitical threats,    central banks worldwide are increasing their holdings of bullion.
 
The country’s gold reserves increased by 45.1 percent in the fourth quarter of 2024 compared to the same period in 2023,     according to data released earlier in March by the Central Bank of Iraq (CBI).
 
The World Gold Council, which has offices in India, China, Singapore, the United Arab Emirates, and the United States in addition to its headquarters in London, seeks to leverage market expansion to sustain and raise demand for gold.
 
Iraq’s gold holdings reflect the country’s ongoing efforts to    diversify its foreign reserves and   improve long-term financial and monetary stability.
 
Gold has historically been a shelter for investors,  particularly during uncertain   geopolitical and   economic times.    https://www.iraqinews.com/iraq/iraq-maintains-global-ranking-in-gold-reserves/ 

Iraq’s Trade Ministry Reviews Reforms In Private Banking Sector
 
 Iraq    Amr Salem   September 2, 2025    The Central Bank of Iraq. Photo: INA   Baghdad (IraqiNews.com) – The Iraqi Ministry of Trade discussed on Monday    reforms in the private banking sector, addressing the    condition of the important sector and    possibilities for solutions.
 
During a meeting held by the Trade Ministry’s Center for Commercial and Economic Studies, the
discussions included the  Central Bank of Iraq’s (CBI) flexibility with private banks, as well as    approaches to monitor the impact of future changes, according to Shafaq News.
 
Suggestions will be provided to the prime minister, including  maintaining CBI flexibility toward private banks    based on their capacity,   easing limits on sanctioned banks, and  ensuring their involvement in financial activities.
 
Iraq’s financial system remains severely strained, with  almost half of its institutions under international sanctions,    a hurdle that analysts say might transform reforms into a   cause for breakdown  rather than progress.

Previously, the CBI reached a deal with the consulting company Oliver Wyman
    to perform assessments   as part of its restructuring strategy.
 
In mid-August, officials from the CBI met with representatives from Oliver Wyman
    to discuss a   banking reform proposal offered by the Iraqi Private Banks League (IPBL) to   modernize Iraq’s banking industry and  align operations with worldwide practices.
 
The strategy intends to stabilize the banking sector so that    it can function securely and effectively in accordance with  international norms and standards, as well as   local legislation,   while also strengthening   governance,  compliance, and    risk management.
 
The strategy also allows banks to perform an economic role that   promotes growth while   providing the most effective services possible.     https://www.iraqinews.com/iraq/iraqs-trade-ministry-reviews-reforms-in-private-banking-sector/ 

Iraq's Domestic Public Debt Rises Sharply  
 
Iraq     domestic debt    to rise    breaking    Energy and Business   
 
2025-09-02 Shafaq News – Baghdad   The Central Bank of Iraq announced on Tuesday that    domestic public debt will rise by the end of June 2025.
 
The bank said in an official statistic seen by Shafaq News Agency, "Iraq's domestic public debt rose by the end of June of this year    to reach 87 trillion and 748 billion Iraqi dinars, an
    increase of 2.56% compared to May, which reached 85 trillion and 503 billion dinars, also an
    increase of 5.35% compared to 2024, which reached 83.050 trillion dinars, and an
    increase of 19.59% compared to 2023, which reached 70.558 trillion dinars."

He added,   "The increase was a result of the increase in the payment of farmers' dues, which reached $14.83 trillion, up from $12.568 trillion."
 
The bank pointed out in its statistics that the  remaining debts are owed by the Ministry of Finance  amounting to 756 billion dinars, and    treasury transfer debts at the Central Bank and commercial banks  amounting to 51 trillion and 30 billion dinars, in addition to   treasury transfers on the account of the Ministry of Finance   amounting to 2 trillion and 30 billion dinars, and   loans to financial institutions amounting to 19 trillion and 102 million dinars.       
https://shafaq.com/ar/اقتصـاد/ارتفاع-كبير-بالدين-العام-الداخلي-للعراق   

Government Advisor: Iraq Has Achieved Remarkable Success In Recovering Funds From Abroad. 
 
Baghdad - INA - Nassar Al-Hajj The Prime Minister's financial advisor, Mazhar Mohammed Salih,outlined two paths for recovering Iraq's assets on Tuesday, including  corruption funds from after  2003 and  funds from the former regime. He emphasized that Iraq has achieved remarkable success in this area.
 
Saleh told the Iraqi News Agency (INA):
 
“Based on the Iraqi Asset Recovery Fund Law No. (9) of 2012,  which was amended by Law No. (7) of 2019,  the objectives of the amendment were determined to  expand the powers of the fund’s management to  enable it to recover smuggled funds as a result of corruption after 2003, in addition to   encouraging those cooperating with the fund  by granting rewards to informants on smuggled funds, with an emphasis on    strengthening international coordination     by proposing agreements with   countries and   regional and   international organizations in this regard and   conducting mutual judicial assistance.”  

He added,  "An agreement for economic and technical cooperation   between Iraq and relevant   countries and   nstitutions   provides for a    lever for cooperation in tracking and recovering our country's funds that have been   smuggled abroad by various means, as well as  enabling the fund to file lawsuits inside and outside Iraq  against individuals involved in corruption and the smuggling of the country's funds."
 
He pointed out that "the fund is linked to the Council of Ministers and enjoys legal personality.
 
It consists of a board of directors headed by the   Chairman of the Integrity Commission, the    Director General of the Recovery Department at the Integrity Commission, and    representatives from the Ministries of Foreign Affairs, Oil, Finance, Justice, and Trade, the    Central Bank of Iraq, the    Federal Board of Supreme Audit,    relevant security agencies, and the    Supreme National Commission for Accountability and Justice."  He pointed out that
 
"there are extensive procedural mechanisms in place, such as    opening closed accounts inside and outside Iraq in the name of the Ministry of Finance   to deposit revenues from recovered funds, the possibility of    distributing recovered funds in four installments over a period not exceeding six months, and the    use of experts from inside and outside Iraq and determining their remuneration."

Saleh explained that  “there are two types of funds that are being    pursued,    confiscated, and    legally tracked within the areas of international jurisdiction in two tracks, the    first of which is the funds of the former regime:   they have been dealt with since 2003 based on   Security Council resolutions, especially Resolution 1483, and   governmental/diplomatic channels with countries that have frozen assets.

Parts were transferred to the Development Fund for Iraq in 2003-2004, and  diplomatic pressure was later completed.  This track is based primarily on countries’ commitments to UN resolutions.” 

He added, "The second type is corruption funds after 2003.
 
The main framework for this process is the    United Nations Convention against Corruption (UNCAC), which Iraq ratified under Law No. 35 of 2007, with the work of the    Integrity Commission and the   Recovery Fund, and through    memoranda of understanding and technical assistance   (within initiatives such as StAR and bilateral partnerships that the   Integrity Commission is working on diligently and effectively with the national and international   judicial climates)."

  Saleh emphasized that  “the inventory of Iraq’s rights is ongoing and is announced from time to time, and represents a remarkable success for the Asset Recovery Commission,” noting that
 
“there are many obstacles, including: the    diversity of evidence systems and the    criminalization of illicit enrichment, the    complexities of bank secrecy and tax havens, as well as the    slow pace of mutual legal assistance and cross-border procedures, and    loopholes in tracking hidden money and    identifying the real beneficiary, in addition to    precedents of settlements that return part of the money in exchange for reduced penalties, and the  accompanying controversy over deterrence, without neglecting the    diversity of evidence systems, the    complexities of bank secrecy and tax havens, and the    limited        statistics and        unified rules for documenting the results.” 

He pointed out that "it is not an easy legal and technical process,  both local and international,   especially the inventory of Iraqi properties and real estate abroad, including various buildings, which requires inventorying and monitoring them in direct and indirect cooperation with oversight agencies, including the Asset Recovery Fund." https://ina.iq/ar/economie/242436-.html  

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

“Tidbits From TNT” Wednesday Morning 9-3-2025

TNT:

Al-Sudani announces the signing of memoranda of understanding with Oman during his visit.

Prime Minister Mohammed Shia al-Sudani announced on Wednesday that he will sign memoranda of understanding in various fields between Iraq and Oman during his official visit to the Sultanate.

In a press statement at Baghdad International Airport prior to his departure to Oman, Al-Sudani said that the visit was preceded by joint preparations and meetings of several committees

 Which resulted in the preparation of a number of memoranda of understanding in the fields of energy, tourism, oil storage and refining, industry and localization of the defense industry, maritime transport and port management, scientific research and educational cooperation, avoidance of double taxation, housing and urban planning, youth and sports, trade exchange and export development, enhancing competition and preventing monopoly, radio and television cooperation, communications, and understanding between the Federation of Chambers of Commerce and the Oman Chamber of Commerce and Industry.

The Prime Minister pointed to the stability in Iraq, its clear and principled positions in the regional arena, and its role in stabilizing the region. He also highlighted the urban and development boom it is witnessing, in which Omani and Arab brothers will play a prominent role in promoting development, participating in investing in available opportunities, and building long-term partnerships.

Al-Sudani called on the Omani private sector to cooperate with its Iraqi counterpart in all fields and create job opportunities for young people, as our youth sector is brimming with experience, strength, and a drive toward a promising future and successful experiences. link

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

Tishwash:  Al-Sudani: The partnership between Iraq and the United States has achieved significant results and enhanced security.

Prime Minister Mohammed Shia al-Sudani praised the partnership between Iraq and the United States on Tuesday, stressing that it has achieved significant results and contributed to enhancing security and stability.

The Prime Minister's Media Office said in a statement received by the Mail that "Al-Sudani received today the new commander of the US Central Command, Admiral Brad Cropper, and his accompanying delegation, in the presence of the Chargé d'Affaires of the US Embassy in Iraq." 

He added, "The meeting discussed various security and military aspects between Iraq and the United States, progress made in the war on terrorism, and follow-up on the implementation of the joint declaration issued in September 2024, with commitment to all provisions of the agreement emphasized." 

The office continued, "The meeting also emphasized the importance of continuing dialogue on joint security cooperation at the bilateral level between Iraq and the United States, as well as exchanging views on aspects of the bilateral partnership and ways to develop it." 

According to the statement, the Prime Minister affirmed that "the partnership between Iraq and the United States has achieved significant results that serve the interests of both countries and have contributed to enhancing security and stability locally, regionally, and internationally." 

For his part, Admiral Cooper praised "Iraq's role as a model of successful counterterrorism cooperation," reiterating his commitment to "building on the successes achieved, continuing security cooperation, and strengthening strategic communication in the coming period.  link

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

Tishwash:  The Iraqi parliament sets the end date for its legislative term and comments on the postponement of elections. 

Deputy Chairman of the Parliamentary Committee on Regions and Governorates, Jawad Al-Yasari, revealed on Tuesday that the House of Representatives will continue to hold   its regular sessions until the end of the fifth parliamentary term, specifically on January 6, 2026.

The leftist told Shafaq News Agency, "The House of Representatives will resume its sessions next week, with three to four sessions," noting that "there are many laws that need to be read, discussed, and voted on in the House."

According to him, the current parliamentary term ends 45 days after the legislative elections, and he is able to hold sessions before and after the elections within the specified time period set by the Iraqi constitution.

In contrast, MP Firas Al-Maslamawi, of the Reconstruction and Development bloc, told the agency, "The legislative elections for the House of Representatives will be held on the scheduled date of November 11, 2025, and reports of a postponement are incorrect."

According to Al-Maslamawi, the federal government's mission is to hold and ensure the success of legislative elections on the scheduled date, and that political parties and political, economic and security factors indicate that they will be held on time.

The Iraqi Council of Ministers set November 11, 2025, as the date for the next parliamentary elections. The Electoral Commission announced that candidate campaigning will begin on October 8 and continue until the last 24 hours before the start of special voting. Approximately 30 million Iraqis out of a population of 46 million are eligible to participate in these elections   link

Mot:  How it Actually Happened !!!! 

Mot:  Yeppers.. Another ""Motism Marital Tip"" - BUT ONLY for Women!! 

Iraq Economic News and Points To Ponder Tuesday Evening 9-2-25

Iraq Has Refrained From Buying Gold For Seven Months, Maintaining Its Global Position.

Time: 2025/09/02 Reading: 705 times  {Economic: Al Furat News} The World Gold Council confirmed on Tuesday that Iraq has maintained its global ranking in gold reserves.

According to the Council's latest statistics, for September, Iraq has not purchased any gold in seven months of 2025, indicating that it has maintained its 29th place globally out of 100 for the largest reserves of the precious metal.

He added that Iraq's gold reserves amounted to 162.7 tons, equivalent to 16.9% of its other foreign currency reserves. Iraq thus holds the fourth largest gold reserves in the Arab world, after Saudi Arabia, Lebanon, and Algeria.

The Council noted that "the United States of America tops the list of the world's largest gold holders, with 8,133,000 tons, followed by Germany with 3,350,000 tons, then Italy with 2,451,000 tons, while Iceland and Hong Kong come in last with 2 and 2.1 tons, respectively."

The World Gold Council, headquartered in the United Kingdom, has extensive experience and in-depth knowledge of the factors influencing market changes, and its members include the world's largest and most advanced gold mining companies.  LINK

With Global Prices Rising, Gold Prices Fluctuate In Baghdad.
economy | 02/09/2025  Mawazine News - Baghdad -  Foreign and Iraqi gold prices witnessed fluctuations in the local markets of the capital, Baghdad, on Tuesday.

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of one 21-karat mithqal of Gulf, Turkish and European gold at 706,000 dinars, and a purchase price of 702,000 dinars, the same prices recorded yesterday, Monday.

Meanwhile, the selling price of one 21-karat mithqal of Iraqi gold reached 676,000 dinars, and the purchase price reached 672,000.

As for gold prices in goldsmiths, the selling price of one 21-karat Gulf gold mithqal ranges between 710,000 and 720,000 dinars, while the selling price of one Iraqi gold mithqal ranges between 680,000 and 690,000 dinars.  https://www.mawazin.net/Details.aspx?jimare=266106

The Dollar Price Rose As The Stock Market Closed.

Tuesday, September 2, 2025, | Economic Number of reads: 285  Baghdad/MENA/ The exchange rate of the dollar rose against the dinar on Tuesday afternoon in Baghdad markets, with the closing of the stock exchange.

The dollar price witnessed an increase with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 142,700 dinars for $100, while this morning the price was recorded at 142,600 dinars for $100.

Selling prices in exchange shops in the local markets in Baghdad recorded an increase, as the selling price reached 143,750 dinars for $100, while the purchase price reached 141,750 dinars for $100.

In Erbil, the dollar also recorded an increase, as the selling price reached 142,500 dinars for every $100, and the purchase price was 142,400 dinars for $100. /End https://ninanews.com/Website/News/Details?key=1249703

The Decline In Iraqi Oil Prices In The Global Market

Economy | 02/09/2025   Mawazine News - Follow-up:  Iraqi oil prices recorded a decline during daily trading on Tuesday in the global market.

According to data reviewed by specialists, Basra Heavy crude recorded $66.26 per barrel, while the average recorded $69.46 per barrel, with a change rate of -0.65 for both.

The data also showed an increase in global crude prices, as British Brent crude recorded $68.52 per barrel, while US West Texas Intermediate crude recorded $65.00 per barrel, with a change rate of +0.37 and +0.99, respectively.  https://www.mawazin.net/Details.aspx?jimare=266101

Central Bank: Iraq's Domestic Public Debt Has Risen Significantly.

economy | 02/09/2025  Mawazine News – Baghdad  The Central Bank of Iraq announced, on Tuesday, an increase in domestic public debt by the end of June 2025.

The bank said in an official statistic reviewed by Mawazine News, that "Iraq's domestic public debt rose by the end of June of this year to reach 87 trillion and 748 billion Iraqi dinars, an increase of 2.56% compared to May, which amounted to 85 trillion and 503 billion dinars, also an increase of 5.35% compared to 2024, which amounted to 83.050 trillion dinars, and an increase of 19.59% compared to 2023, which amounted to 70.558 trillion dinars.

He added that "the increase came as a result of the increase in the delivery of farmers' dues to reach 14 trillion and 830 billion dollars after it was 12 trillion and 568 billion dollars."

The bank indicated in its statistics that the remaining debts are owed by the Ministry of Finance, amounting to 756 billion dinars, and the debts of transfers are treasury at the Central Bank and commercial banks, amounting to 51 trillion and 30 billion dinars, in addition to treasury transfers to the Ministry of Finance amounting to 2 trillion and 30 billion dinars, and loans to financial institutions amounting to 19 trillion and 102 million dinars. https://www.mawazin.net/Details.aspx?jimare=266111

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

Iraq Economic News and Points To Ponder Tuesday Afternoon 9-2-25

Us Warning: The Federal Reserve Is Considering Cutting Off The Dollar To Iraq!
 
September 1, 2025 Last updated: September 1, 2025  Al-Mustaqilla/- 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?      
https://mustaqila.com/تحذير-أمريكي-البنك-الفيدرالي-يدرس-قرا/ 

Monetary Stability And Exchange Rate Liberalization.

Economic 2025/08/31  Mohammed Sharif Abu Maysam  In economic feasibility studies, the
    financial,  marketing, and  technical studies   cannot be prepared in an investment environment unless that environment enjoys   monetary stability, paving the way for  stable exchange rates for the local currency against foreign currencies.
 
This allows the economic feasibility researcher

—particularly the foreign investor
—to calculate costs, returns, and profits over the time periods within the project's lifetime.
 
This means that monetary instability can be a deterrent to investment capital,even if the investment environment is promising.
 
Therefore, monetary authorities, through their available tools,  seek to  achieve the goal of monetary stability and  reassure investors and those preparing economic feasibility studies, with  stability that makes the margin of error in forecasts very small.

This leaves it to the executive,   legislative, and  judicial authorities to  establish ttractive  security,  legal, and  social environments through  security stability and  social acceptance, along with the presence of a legal system and    judicial institutions that   regulate and   protect market relations on the one hand, and the  relations of business owners with institutional and social formations on the other,  in a manner that ensures   integrity and    integration   with societal customs and traditions.
 
Based on this and other factors related to the  inflationary situation and its extension to the areas of    growth rates and    development, the    local currency exchange rate and    monetary stability    have been among the priorities of the monetary authority in our country over the years of  economic adaptation to the phase of the   macroeconomic transition to a market economy in light of  structural imbalances, the   inability of productive sectors to finance domestic demand due to the  disruptions of the transition phase and the internal influences related to financing foreign trade, and the  growth of the black market for currency exchange.
 
After the country witnessed  security stability, an  increase in the level of services and  sectoral growth rates, with a  clear reduction in the circles of administrative slackness  due to the  introduction of technologies and electronic payment systems, in conjunction with   measures to tighten control over border crossings, and    transfer the mechanisms of foreign currency flow   to finance foreign trade through the banking system, the   rates of the dollar mass flow outward to the local market decreased, which was reflected positively in favor of the Iraqi dinar, and   which bodes well for thelity under the conditions of economic reform,which include the liberalization of the exchange rate,does not mean a decline in the black market exchange rate in favor of the official exchange rate.
 
Rather, it means price stability in a market capable of financing aggregate demand at a point close to or identical to the official rate,with the possibility of maintaining this stability in the face of the    many variables and    transformations        witnessed by the country and the region.
 
In other words, achieving stability is conditional on the liberalization of the exchange rate, 
which favors the adoption of a managed float method,via a free market in which minor fluctuations in the exchange rate are permitted, while the monetary authorities    intervene when necessary to support price stability   in cooperation with the   executive and    legal authorities.    https://alsabaah.iq/119768-.html  

Launch Of The Samuel Campaign To Educate About Electronic Payment
 
September 01, 2025  The Central Bank of Iraq announces the launch of the "Al-Samawal" campaign,  starting September 1, 2025,  in cooperation with     banking financial institutions and     electronic payment service providers,   as part of the National Financial Inclusion Strategy (2025–2029).
 

This campaign aims to  enhance financial culture,    open bank accounts free of charge for merchants and citizens,    distribute and operate point of sale (POS) devices, and    issue electronic cards,
 
which came with the  participation of more than (50) banks and (15) electronic payment companies and the  implementation of the Financial Inclusion Department at the Central Bank of Iraq and the    “Our Awareness” organization for the culture of electronic payment, and this came to  reduce reliance on cash and    stimulate digital transformation in the commercial financial sector.
 
The Central Bank's media office explained in a statement that the  campaign targets vital commercial areas in Baghdad,   such as Rashid Street, Bab al-Sharqi, Shorja, Saray Market, and Mutanabbi Street.
 
Activities will continue for an entire month,  with broad participation from banking and non-banking financial institutions.
 
The statement affirms that, through this initiative, the    Central Bank of Iraq is taking an important step in its   efforts to promote a more inclusive and digital economy, and its   commitment to its role in developing the Iraqi financial system    to enhance the desired stability.
    
 Launch Of The Samuel Campaign To Educate About Electronic Payment

 September 01, 2025   The Central Bank of Iraq announces the launch of the "Al-Samawal" campaign,   starting September 1, 2025,   in cooperation with   banking financial institutions and   electronic payment service providers,    as part of the National Financial Inclusion Strategy (2025–2029).

 This campaign aims to    enhance financial culture,    open bank accounts free of charge for merchants and citizens,    distribute and operate point of sale (POS) devices, and    issue electronic cards,

which came with the   participation of more than (50) banks and (15) electronic payment companies and the    implementation of the Financial Inclusion Department at the Central Bank of Iraq and the  “Our Awareness” organization for the culture of electronic payment, and this came to    reduce reliance on cash and    stimulate digital transformation in the commercial financial sector.

 The Central Bank's media office explained in a statement that the    campaign targets vital commercial areas in Baghdad,    such as Rashid Street, Bab al-Sharqi, Shorja, Saray Market, and Mutanabbi Street.

 Activities will continue for an entire month,   with broad participation from banking and non-banking financial institutions.

The statement affirms that, through this initiative, the   Central Bank of Iraq is taking an important step in its    efforts to promote a more inclusive and digital economy, and its   commitment to its role in developing the Iraqi financial system   to enhance the desired stability.  Central Bank of Iraq    Media Office   September 1, 2025      https://cbi.iq/news/view/2967   

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