Seeds of Wisdom RV and Economic Updates Sunday Morning 9-7-25

Good Morning Dinar Recaps,

US Crypto Bill Draft Seeks Clarity on SEC-CFTC Roles, DeFi Rules

The updated draft bill also introduces protections for DeFi developers and emerging blockchain sectors like DePINs.

A Revised Framework for Crypto Oversight
A newly revised draft of the Responsible Financial Innovation Act of 2025 has been released by US Senators, aiming to clarify the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

The bill proposes clear roles for the SEC and CFTC, establishes a joint advisory committee, and provides explicit protections for decentralized finance (DeFi) developers and emerging blockchain networks like Decentralized Physical Infrastructure Networks (DePINs).

SEC-CFTC Alignment and Joint Committee

• The bill creates a Joint Advisory Committee on Digital Assets with members from both agencies.

• Both the SEC and CFTC would be required to publicly respond to the committee’s recommendations, even if nonbinding.

• A public roundtable is scheduled for September 29 to discuss harmonization efforts.

“The SEC and CFTC must align to reduce regulatory overlap, eliminate unnecessary friction, and support innovation,” SEC Chairman Paul S. Atkins and CFTC Acting Chair Caroline D. Pham said in a joint statement.

Protections for Developers and Users

• Developers, validators, wallet builders, liquidity providers, and infrastructure contributors would not fall under traditional financial regulations if the protocol is not centrally controlled.

• This responds to concerns raised by the conviction of Tornado Cash co-founder Roman Storm, which critics said blurred the line between software development and criminal liability.

• Airdrops, staking rewards, and liquid-staking outputs are defined as “gratuitous distributions,” exempt from securities laws.

DePINs and Tokenized Assets Included

• For the first time, DePIN tokens receive federal-level treatment. Tokens are exempt from securities classification if no entity controls more than 20% of supply.

• This safe harbor is designed to foster decentralized telecom, storage, and sensor networks.

• The bill also clarifies that tokenization of real-world assets (RWAs) does not automatically make them securities.

• Regulators are instructed to study custody, audit, verification, and enforcement standards for RWAs.

Next Steps in Legislation
Senator Cynthia Lummis (R-WY), a key architect of the legislation, said the Senate’s version must be aligned with the Clarity Act, which passed the House in July. The goal is to reconcile the two bills and deliver a version for President Trump’s signature before year-end.

Why This Matters
The proposed framework could provide long-sought regulatory clarity for US crypto markets, easing developer fears while strengthening institutional trust. By explicitly protecting DeFi builders, recognizing DePINs, and clarifying SEC-CFTC roles, the bill may mark a turning point in US digital asset legislation.

@ Newshounds News™
Source: Crypto News

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The Ripple Swell 2025 Agenda Is Out—These Are The Highlights

Ripple’s flagship event returns to New York City with two days of high-profile speakers and panels on tokenization, regulation, stablecoins, custody, and global adoption.

Swell 2025: Ripple’s Annual Showcase
Ripple has published the full program for its ninth annual Swell conference, set for November 4–5 in New York City, with a welcome reception on November 3. The invite-only gathering will spotlight stablecoins, payments, regulation, tokenization, custody, and digital asset security.

Ripple promoted the agenda on X, noting: “The Ripple Swell 2025 agenda is live! From stablecoins and payments to regulation and real-world adoption, Swell brings together the conversations shaping the future of finance. Don’t miss your chance to join us in NYC.”

Day 1 Agenda Highlights

• Opening Remarks: Ripple President Monica Long introduces the event, followed by Nasdaq CEO Adena Friedman in a headline fireside on the potential of blockchain in finance.

• Tokenization & Capital Markets: BlackRock’s Maxwell Stein and Moody’s Rory Callagy explore the role of tokenized assets.

• Stablecoins & Payments: AMINA Bank’s Myles Harrison and Schuman Financial’s Martin Bruncko discuss speed, cost, and inclusion in cross-border flows.

• ETFs & On-Chain Funds: Leaders from Bitwise, Canary Capital, and Bitnomial highlight new access pathways to digital assets.

• Ripple Demo: A keynote product demo showcases Ripple’s vision for stablecoin payments.

• Institutional Infrastructure: Panels cover custody frictions, global regulatory perspectives, and prime brokerage innovations with speakers from CME Group, BNY, XTX Markets, Citi, Franklin Templeton, and Fidelity.

• Evening Event: The day closes with the Swellebration and Innovation Awards.

Day 2 Agenda Highlights

• Morning Sessions: A keynote (TBA) followed by a panel on institutional adoption maturity.

• Policy Focus: “US Regulatory Leadership in Crypto — Global Comparisons and 2025 Priorities” examines legislative, supervisory, and international efforts. Speakers include Summer Mersinger (Blockchain Association), Ananya Kumar (Atlantic Council), and Ripple’s policy team.

• Consumer Adoption: Ripple CLO Stuart Alderoty introduces the National Cryptocurrency Association, joined by users to highlight real-world crypto utility.

• Humanitarian Innovation: Chef and humanitarian José Andrés joins Ripple Co-Founder Chris Larsen in a fireside on disaster relief and social impact.

• Security Spotlight: Elliptic, Coinbase, and Duke University discuss combating crypto crime.

• Stablecoin Momentum: Exchanges discuss integrating Ripple’s RLUSD stablecoin, emphasizing global trust and adoption.

• Closing Keynote: Ripple CEO Brad Garlinghouse reflects on the road ahead for 2026 and the company’s bet on financial-utility crypto infrastructure.

Why This Matters
Ripple Swell has become a bellwether for institutional adoption and policy alignment in the crypto space. With Nasdaq, BlackRock, Moody’s, Citi, Fidelity, and major regulators on the agenda, the 2025 edition underscores Ripple’s effort to anchor crypto’s role in mainstream finance while pushing forward stablecoin utility through RLUSD.

@ Newshounds News™
Source: Coin Surges

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Crypto Firms Break Into Wall Street as Robinhood Joins S&P 500, SOL Strategies Lands Nasdaq Listing

From index inclusion to Nasdaq trading, crypto-linked firms are gaining mainstream legitimacy in global finance.

Robinhood to Enter the S&P 500
Robinhood (HOOD), the retail brokerage with heavy exposure to digital assets, will officially join the S&P 500 on September 22. The news sent shares up 7% in after-hours trading, pushing HOOD above $108.

• Robinhood’s share price has surged over 150% year-to-date, reflecting strong investor appetite.

• In Q2, the firm posted $989 million in revenue—well above analyst expectations—with $386 million in net income.

• While crypto trading revenue dipped quarter-over-quarter, it remains nearly double year-over-year at $160 million.

• Robinhood joins Coinbase, which entered the S&P 500 in May, solidifying the role of digital asset platforms in the broader US equity landscape.

Notably, the index declined to include Bitcoin treasury firm Strategy (formerly MicroStrategy), despite its $95 billion market cap and $70 billion Bitcoin holdings.

SOL Strategies Heads to Nasdaq
Meanwhile, Solana-focused treasury and infrastructure company SOL Strategies has received approval to list its shares on Nasdaq under the ticker STKE, beginning September 9.

• The Canadian firm will continue trading on the Canadian Securities Exchange (as HODL) but exit the OTCQB. Current OTCQB shareholders will have their shares automatically converted to Nasdaq.

• CEO Leah Wald said the listing provides “enhanced liquidity, broader investor participation, and the credibility that comes with being in Nasdaq’s orbit.”

• As of August 31, SOL Strategies held 435,064 SOL ($89 million) in treasury and operated validators managing over 3 million staked SOL ($741 million).

• This positions the firm as the third-largest publicly traded SOL holder, trailing only Upexi and DeFi Development Corp.

Shares on the Canadian exchange spiked nearly 20% following the announcement, while quarterly revenues grew to $8.7 million in Q2 from $3.5 million in late 2024.

Mainstream Embrace of Crypto Firms
Together, these moves highlight how digital asset firms are advancing into mainstream financial markets:

• Robinhood and Coinbase now sit alongside America’s top 500 companies, opening crypto platforms to wider investor bases.

• SOL Strategies’ Nasdaq listing marks one of the first major Solana-focused treasury firms to access deeper capital markets.

• Despite Strategy’s exclusion, the rise of firms tied to trading, infrastructure, and token holdings points to a maturing environment where digital assets are no longer confined to the periphery.

Why This Matters
Wall Street is no longer keeping crypto at arm’s length—it’s opening the door. Robinhood’s inclusion in the S&P 500 and SOL Strategies’ Nasdaq debut show that digital asset companies are being measured by the same yardsticks as traditional firms: profitability, growth, and investor demand. This is the inflection point where crypto firms stop being outsiders and start shaping the future of global markets from the inside.

@ Newshounds News™

Sources:
Decrypt – Solana Treasury Company SOL Strategies to Begin Trading on Nasdaq
Decrypt – Robinhood Set to Join S&P 500 as Bitcoin Giant Strategy Misses Out

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The Financial Reset has Just Begun

The Financial Reset has Just Begun

WTFinance:  9-5-2025

Have you ever felt a creeping unease about the state of the world economy? That nagging feeling that something fundamental is broken? You’re not alone.

A recent, deeply insightful video from WTFinance, featuring the candid analysis of guest Francis Hunt, dives headfirst into this very concern, delivering a stark warning about the unsustainable levels of global debt and the potential for a systemic collapse.

Hunt’s analysis is not for the faint of heart, but it’s crucial for anyone seeking to understand the true pressures bearing down on our financial future, particularly in the United States, the United Kingdom, and Western economies at large.

According to Hunt, we are hurtling towards an unpayable debt crisis, meticulously crafted over decades of political mismanagement, excessive government spending, and a global financial system that he describes as corrupted.

He pulls back the curtain on what he calls “taxation by inflation” – a subtle yet potent mechanism where governments erode the purchasing power of your money, effectively devaluing your savings to service their ever-growing obligations.

The core of the problem, as Hunt articulates, is that governments can no longer sustain their commitments without drastic, potentially catastrophic, consequences.

 We’re seeing the early tremors in the collapse of debt markets, particularly long-term debt instruments in Western nations, signaling a profound loss of confidence.

Hunt doesn’t shy away from critiquing the powerful financial and political elites, whom he characterizes as a “banking cartel.” He suggests this group manipulates the system to maintain power, often at the direct expense of the general population.

This manipulation, coupled with the crushing debt, has societal implications that are truly chilling.

The conversation touches on potential austerity measures, reduced government services, and a future where our basic freedoms could be eroded.

 Hunt describes a trajectory towards a “corporate fascist subscription economy,” where individuals own nothing, rely solely on services, and live under constant surveillance, empowered by technological advancements like biometric identification and AI.

He warns that AI will replace human labor on a massive scale, fundamentally altering the job market and the very fabric of society. The guest even posits a potential drastic reduction in population, particularly in Western nations, as an ultimate consequence of this systemic strain.

Despite this grim outlook, Francis Hunt is not without hope, nor without solutions. His message is a powerful call to action, urging individuals to take control of their financial destinies and prepare for the seismic shifts ahead.

Hunt’s insights challenge us to look beyond immediate headlines and grasp the deeper, structural forces at play. While the picture he paints is sobering, his emphasis on education, preparedness, and individual agency is incredibly empowering. Forewarned is forearmed.

https://youtu.be/Vq520zY4nRI

Iraq Economic News and Points To Ponder Saturday Afternoon 9-6-25

The Prime Minister Stresses The Importance Of The Strategic Bilateral Relationship Between Iraq And The United States.

Time: 2025/09/06 12:22:50 Reading: 735 times  {Political: Al Furat News} Prime Minister Mohammed Shia al-Sudani received the new US Chargé d'Affaires in Iraq, Joshua Harris, today, Saturday, on the occasion of his assumption of his duties.

During the meeting, Al-Sudani stressed, according to a statement from the Prime Minister's Office, a copy of which was received by {Euphrates News}, "the importance of the bilateral strategic relationship between Iraq and the United States, and increasing and developing joint coordination in various fields, in a way that serves the interests of the two friendly peoples."

The statement added, "The meeting also reviewed regional conditions, the most prominent international files, and issues of common interest, exchanging views on them, and ways of cooperation to support regional stability, reduce tension, stop the continuation of conflicts, and prevent the expansion of the conflict."   LINK

OPEC Secretary-General: Iraq Will Remain A Vital Hub In The Energy System.

Saturday, September 6, 2025, 1:42 PM | Economic Number of reads: 301

Baghdad / NINA / OPEC Secretary General Haitham Al-Ghais affirmed that Iraq will remain a vital hub in the energy system, renewing the organization's commitment to a sustainable future.

He said in a speech at the Baghdad International Energy Forum: It is a great honor for me to represent OPEC in Baghdad, the cradle of civilizations and the beating heart of the region

. Al-Ghais added that since OPEC was established in Baghdad, it has played a pivotal role in achieving balance in the global oil market.   https://ninanews.com/Website/News/Details?key=1250296

Oil Minister: The Holding Of The Baghdad International Energy Forum Is Evidence Of Iraq's Strong Role.

Saturday, September 6, 2025, 1:30 PM | Economics Number of reads: 302 
Baghdad / NINA / Oil Minister Hayan Abdul Ghani stressed that holding this forum in Baghdad is evidence of Iraq's strong role and that it is taking confident steps towards leadership in the energy field.

He said in a speech at the Baghdad International Energy Forum: Our goal is to reach diversification of energy sources to be 30 percent of diversification by 2040.

The Minister of Oil added that: Holding this forum in Baghdad is a clear message that Iraq is regaining its position as a sustainable energy partner in the world.

He explained that Iraq is qualified for dialogue on energy transition, indicating that the government and the ministry are working on the energy file for sustainable growth.

The Minister of Oil indicated that "the ministry signed a contract with a British company to develop four oil fields around Kirkuk Governorate," adding that "Iraq was able to reduce greenhouse gas emissions by 2.5%, while at the same time working to diversify export routes to ensure access to various global markets."

Abdul Ghani stressed that "Iraq does not view energy in isolation from the environment, as the government is working on preparing a green building project," affirming that "Iraq's vision for the future is to be a global energy hub." / https://ninanews.com/Website/News/Details?key=1250292

Basra Crude Prices Fell By More Than 3% In A Week.

Time: 2025/09/06 09:14:03 Reading: 330 times  {Economic: Al Furat News} Basra crude prices fell, closing last week with a loss of more than 3%.

Basra Heavy crude closed its last session on Friday, down 38 cents, at $64.81, recording a weekly loss of $2.1, or 3.14%.

Basra Medium crude closed the last session up 38 cents, reaching $70.11, marking a weekly loss of $2.11, or 3.01%.

Brent crude futures lost $1.44, or 2.15%, to settle at $65.55 a barrel, while US West Texas Intermediate crude lost $1.61, or 2.54%, to settle at $61.87 a barrel.  LINK

Mazhar Saleh: The Amman Agreements Are A Roadmap For Regional Openness And Gulf Partnerships.

Time: 2025/09/06 15:29:08 Reading: 570 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Saleh, affirmed today, Saturday, that the agreements concluded with Oman constitute a roadmap for greater openness on the Arab and regional levels, while noting that they will open the doors to partnerships with Gulf states and international seaports.

In a press statement, Saleh said, "The memoranda of understanding signed by Prime Minister Mohammed Shia al-Sudani during his recent visit to the sisterly Sultanate of Oman constitute a cornerstone of cooperation between two important Gulf countries on both sides of the Gulf.

These memoranda are not merely official documents, but rather a roadmap toward an Iraq that is more open to its Arab and regional surroundings, more capable of attracting investment and achieving sustainable development, and represent a strategic step toward repositioning Iraq economically and regionally."

He added, "Iraq seeks to expand its economic relations beyond the traditional framework, as the memoranda of understanding with the Sultanate of Oman, in particular, open the door to partnerships with a Gulf state with a strategic location and advanced global seaports, particularly logistical connectivity via the Development Road project."

He continued, "Linking the Grand Faw Port with the ports of the Sultanate of Oman via the Development Road Project will create a trade corridor linking the Gulf with Turkey and Europe, strengthening Iraq's position as a regional and international transit hub. It will also expand trade between the two countries."

He added, "The signed memoranda of understanding cover other critical areas, such as the capital market, industry, energy, and tourism. These sectors could serve as a gateway to broader cooperation with Gulf countries, which possess advanced expertise in these sectors.

This should not be overlooked, however, as the two countries must avoid double taxation to prevent tax evasion on income and capital. This will encourage Omani and Iraqi investors to invest capital without fear of tax complications."

He pointed out that "a memorandum of understanding was also signed between the Federation of Iraqi Chambers of Commerce and the Oman Chamber of Commerce and Industry, which enhances the role of the private sector in leading economic cooperation in a free market cooperation, in addition to establishing strategic projects in the fields of energy and logistics.

The agreement between the two countries will go towards building an oil storage facility with a capacity of 10 million barrels in the Omani port of Duqm, which is an important step towards establishing a solid regional infrastructure in the fields of energy and transportation."

He continued, "This file will enable Iraq to access Asian and African markets more easily, and strengthen its position as a major transit point. It will also launch a follow-up mechanism through the formation of a joint committee, such as the Omani-Iraqi Council, to monitor implementation. This confirms the seriousness of turning the plans into a tangible reality."

He added, "More than 24 memoranda of understanding were signed covering various vital sectors such as energy, raw materials, tourism, communications, infrastructure, smart cities, manufacturing, financial services, and capital markets."

He explained that "the memoranda also included cooperation in the legal fields, education, scientific research, intellectual property, urban recovery, and the defense sector," noting that "the Omani investment market indicates a significant presence of the Iraqi private sector, as the number of Iraqi companies currently investing in the Sultanate of Oman has reached approximately 1,304 companies with a total capital of approximately 94.3 million Omani riyals, representing 68.2% of foreign investment there.

The relations between the two private sectors also indicate prosperity, and the Omanis see Iraq as an attractive market and an important opportunity to benefit from the renewed infrastructure and free zones for the purpose of investment and trade."

He pointed out that "trade exchange between the two brotherly countries jumped by 30% in 2024 compared to 2023, reaching approximately $779 million, and in the first half of 2025, it increased to $622 million."  LINK

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 9-6-25

Good Afternoon Dinar Recaps,

Weak U.S. Jobs Report Sinks Stocks and Bitcoin, Fuels Speculation of Larger Fed Rate Cut

Labor market slowdown sparks broader market selloff and shifts expectations for monetary policy

Jobs Data Misses Expectations
A disappointing U.S. labor report rattled financial markets on Friday, sending both stocks and cryptocurrencies lower.  According to the Bureau of Labor Statistics, the U.S. economy added just 22,000 jobs last month, sharply missing economists’ forecast of 76,500.

The report also highlighted a surge in Americans holding multiple jobs, which climbed by 443,000 to 8.785 million — the largest increase since 2020 and near a record high.

Market Reaction: Stocks and Bitcoin Slide
The weak labor data triggered an immediate downturn across major indices:

• The Dow Jones Industrial Average fell 240 points.

• The S&P 500 dropped 39 points.

• The Nasdaq lost 51 points.

Bitcoin (BTC) also mirrored the decline, sliding $711 on the day to $110,892.

Shifting Odds of a Larger Rate Cut
The report quickly reshaped market expectations for Federal Reserve policy. CME’s FedWatch tracker now shows:

• An 88.1% probability of a 25-basis-point rate cut.

• An 11.9% chance of a larger 50-basis-point cut, up from 0% just a day earlier.

The spike in expectations for a deeper cut underscores mounting concerns that the U.S. economy is slowing faster than anticipated.

Why This Matters
The weak jobs report adds new pressure on the Federal Reserve ahead of its next policy meeting. With stocks and Bitcoin both slipping on the news, investors are recalibrating their strategies for a market environment where labor softness could force the Fed into more aggressive easing.

@ Newshounds News™
Source: Daily Hodl

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Malaysia and Laos Eye BRICS Membership as Bloc Expands Influence in Southeast Asia

China backs Malaysia’s entry while Laos formally signals interest, underscoring BRICS’ growing pull in the Global South

China Pushes for Malaysia’s Full Membership
Malaysia’s path to full BRICS membership gained momentum this week after Chinese President Xi Jinping pledged his country’s strong backing during a meeting with Prime Minister Datuk Seri Anwar Ibrahim in Beijing.

“President Xi stated his full support for accelerating Malaysia’s participation as a full member of BRICS. This is a great honour and a sign of support for our country to continue playing an important role on the world stage,” Anwar said.

Malaysia, which became a BRICS partner nation in early 2025, is now positioning for formal entry by the bloc’s 2025 summit. Economic ties with China remain central to this push, with bilateral trade reaching RM484.12 billion in 2024 and 31 new agreements signed earlier this year.

Laos Formally Expresses Interest
Meanwhile, neighboring Laos has also stepped forward, with Prime Minister Sonexay Siphandone announcing at the Eastern Economic Forum that his country is actively exploring BRICS membership.

“We are interested in becoming a member of BRICS. At present, we are in the process of studying this issue,” Siphandone stated. He emphasized BRICS’ role in helping the Global South reduce reliance on the U.S. dollar, calling it a path toward greater independence that seemed impossible just a decade ago.

Laos is among 45 countries that have signaled interest in BRICS, with 23 already submitting formal applications. The bloc is expected to make expansion decisions by year’s end.

Balancing U.S. Influence and Multipolar Diplomacy
Malaysia’s move carries wider geopolitical significance, particularly as Washington closely monitors developments. Experts suggest Malaysia’s BRICS alignment reflects pragmatic diplomacy amid Trump-era tariffs and intensifying global competition.

Prof. Dr. Azmi Hassan of Nusantara Academy of Strategic Research noted: “Trump has been using tariffs to threaten smaller nations, so it is important that countries like Malaysia, as part of the Global South, have a platform where their voices can be heard.”

For Laos, the bid is both economic and symbolic, marking its intent to align with a rising bloc that offers an alternative to U.S.-led frameworks.

Why This Matters
The parallel membership moves by Malaysia and Laos highlight BRICS’ accelerating influence in Southeast Asia. For Malaysia, strong backing from China cements its path toward formal entry, while Laos’ interest adds to the growing list of nations seeking a seat at the table. Together, these developments underscore BRICS’ evolution into a platform for the Global South to push back against dollar dominance and assert greater multipolar influence.

@ Newshounds News™

Sources: Watcher Guru, Watcher Guru

~~~~~~~~~

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Iraq Economic News and Points To Ponder Saturday Morning 9-6-25

Al-Mandlawi: The United Nations Is A Key Partner In Building The New Iraq.

Friday, September 5, 2025, 18:38 | Politics Number of readings: 77   Baghdad / NINA / The First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, stressed that the legislative authority's firm position is that the United Nations is a key partner in building the new Iraq, praising the mission's effective contributions over the past two decades in the areas of reform and support for national institutions.

His media office stated that "the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, received today, Friday, the Special Representative of the Secretary-General of the United Nations in Iraq and Head of the UNAMI Mission, Mohammed Al-Hassan."

During the meeting, the latest developments on the local and regional arenas were discussed, as well as the role of the international organization in supporting Iraq's stability and promoting political and economic development paths, especially in light of the transitional phase that the United Nations Mission in Iraq is going through.

The First Deputy Speaker of Parliament called on the United Nations to "assume its humanitarian and moral role in stopping the mass killings and starvation war practiced by the usurping Zionist entity against the people of Gaza, stressing that the continuation of these crimes before the eyes of the world without taking a clear official position represents a blatant violation of all international conventions and principles of human justice."

For his part, Mohammed Al-Hassan expressed his appreciation for the ongoing cooperation with the Iraqi authorities, affirming the international organization's commitment to continuing to support Iraq in its reform and development paths.

He pointed to the importance of continuing the partnership between Iraq and the United Nations in a way that enhances regional stability and serves the interests of the region's peoples. https://ninanews.com/Website/News/Details?key=1250174

Iraqi Oil Prices Decline On The Global Market To Around $65.19 Per Barrel.

Economy | 05/09/2025   Mawazine News - Baghdad -  Iraqi oil prices declined on Friday during daily trading in the global market.

According to data, Basra Heavy crude recorded $65.19 per barrel, while the average recorded $68.39 per barrel, with a change of -1.92 for both.

In contrast, the data showed a decline in global crude prices, as British Brent crude recorded $66.89 per barrel, while US West Texas Intermediate crude recorded $63.34 per barrel, with a change of -0.11 and -0.14, respectively.   https://www.mawazin.net/Details.aspx?jimare=266259

Iraq's Oil Exports Rose By 75,000 Barrels Per Day In August.

Buratha News Agency 102 2025-09-05  Iraq's crude oil exports rose by 75,000 barrels per day (bpd) in August, on a monthly basis, marking the third consecutive monthly increase.

Data from the Washington-based Energy Research Unit shows that Iraqi seaborne oil exports rose to 3.457 million barrels per day in August 2025, compared to 3.382 million barrels per day in the previous July.

On an annual basis, Iraqi crude oil exports also increased by more than 63,000 barrels per day, compared to the same month's export rate of 3.394 million barrels per day last year.

Despite the increase over the past three months, Iraq's average seaborne crude oil exports fell to 3.34 million barrels per day (bpd) from January to the end of August 2025, compared to 3.45 million bpd during the same period last year.

Iraq's monthly oil export performance

Iraq's seaborne crude oil exports in August reached their second-highest level since the beginning of the year, according to the following figures:

January: 3.299 million barrels per day.

February: 3.485 million barrels per day.

March: 3.280 million barrels per day.

April: 3.319 million barrels per day.

May: 3.207 million barrels per day.

June: 3.331 million barrels per day.

July: 3.382 million barrels per day.

August: 3.457 million barrels per day.

The above figures show that Iraq's crude oil exports in August recorded the second-highest year-on-year increase since the beginning of the year, exceeding 63,000 barrels per day, compared to the same month's export rate last year of 3.394 million barrels per day.

Iraq's seaborne oil exports increased by 132,000 barrels per day (bpd) year-on-year in February, the highest rate of increase since the beginning of the year, compared to the 3.354 million bpd exported in the corresponding month last year.

While May recorded the highest annual decline since the beginning of the year, reaching 357,000 barrels per day, compared to the same month's exports last year, which amounted to 3.563 million barrels per day.

Iraq's oil exports until August 2025

It's worth noting that eight OPEC+ countries, including Iraq, have decided to reinstate the voluntary production cuts of 2.2 million barrels per day (bpd) to the market since last April. The production ceiling will be gradually raised to 547,000 bpd by September 2025, when the cuts will be phased out.

The largest importers of Iraqi oil

Led by China, Asian countries continued to receive the majority of Iraq's seaborne crude oil exports during August, as follows:

China: 1.43 million barrels per day.

India: 958,000 barrels per day.

South Korea: 226,000 barrels per day.

China's imports of Iraqi oil jumped by 331,000 barrels per day in August, compared to the previous month's export rate of 1.099 million barrels per day.

India's imports of Iraqi crude oil also rose last month by more than 209,000 barrels per day (bpd), compared to July's 749,000 bpd.

In the same context, Baghdad exported 271,000 barrels of oil per day in August of unknown destinations, with most of this estimated to go to Beijing, following updated data.

In contrast, Iraq's oil exports to South Korea declined by 219,000 barrels per day in August, compared to the previous month's exports of 445,000 barrels per day.

US imports of Iraqi oil jumped last month to 159,000 barrels per day, compared to more than 96,000 in July, an increase of 63,000 barrels per day.  https://burathanews.com/arabic/economic/464689

Suspicions Of Import From The UAE... Economist Calls For Gold Automation In Iraq

Economy |  05/09/2025  Mawazine News - Baghdad -  Economic expert, Manar Al-Obaidi, revealed on Friday suspicions of gold imports from the United Arab Emirates, calling for the complete automation of the gold sector in all its stages.

Al-Obaidi said in a post on his Facebook account, followed by Mawazine News, that "official data issued by the UAE Statistics Authority indicate that the volume of UAE exports to Iraq amounted to approximately $33 billion in 2024, distributed as follows: $12.8 billion in precious metals, mostly gold; $6.3 billion in electronic devices, the largest portion of which is mobile phones; $5.1 billion in cars; in addition to $2.3 billion in electrical and mechanical devices."

He added, "In comparison, the UAE's exports to Iraq in 2023 did not exceed $23 billion, of which gold accounted for only $3.2 billion." Explaining that "this significant increase in gold imports during 2024 raises legitimate questions, especially considering that one of the most important reasons is the use of gold as an alternative tool for financial settlements in trade with some countries, in addition to its ease of liquidity in markets and its use in various financial transactions."

Al-Obaidi asked, "Where were these massive gold imports financed? Were they fully covered by transfers from the Central Bank of Iraq?" He explained that "if this is the case, it is despite the regulatory system implemented since 2023, which limited the ability of dozens of Iraqi banks to conduct external transfers and focused monitoring on the remaining banks, thus requiring stricter monitoring of trade finance operations."

The economic expert said, "If the purchase of gold was financed outside the Iraqi banking system, then what is the source of this money and why was it used to purchase gold and export it to Iraq?"

He pointed out that "data for the first quarter of 2025 indeed indicates a sharp decline in UAE gold exports to Iraq by 52% compared to the same period the previous year. However, the reasons for the significant jump in 2024 and subsequent decline in 2025 remain unclear, which calls for a serious pause.

The fact that more than 12% of Iraq's total imports go to cover gold imports requires careful monitoring, starting with identifying the sources of financing for this commodity, through its transport channels and the ports through which it entered the country, and ending with the identities of importers and the uses of this gold.

" The economic expert stressed the "need for economic policies to move towards fully automating the gold sector in all its stages, and to prohibit transactions except through monitored electronic payment channels, which allows tracking of sales and purchases and identifying the ultimate beneficiary of these large quantities.

The goal is not only to meet Iraq's actual need for gold, but also to prevent its use for purposes that could harm the national economy and undermine confidence in the Iraqi banking system."   https://www.mawazin.net/Details.aspx?jimare=266268

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 9-6-25

Good Morning Dinar Recaps,

US Regulators Push Forward 24/7 Markets, Crypto Oversight, and Cross-Border Enforcement

SEC and CFTC ramp up regulatory coordination under Trump’s digital economy agenda

A Shift Toward Always-On Markets
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint statement exploring the possibility of 24/7 capital markets, signaling a profound shift in the structure of U.S. financial trading.

The regulators noted that scaling onchain finance and crypto derivatives requires a trading cycle that matches the global, always-on nature of digital assets. Key priorities include:

• Crafting rules for event contracts and perpetual futures (futures without an expiry date).

• Considering asset-class-specific approaches rather than a one-size-fits-all model.

• Assessing the risks of increased overnight exposure for traders.

“Further expanding trading hours could better align U.S. markets with the evolving reality of a global, always-on economy,” the joint statement explained.

Trump Administration’s Digital Economy Blueprint
The initiative builds on President Donald Trump’s July crypto report, which called for interagency cooperation in regulating the sector. Under this framework:

• The CFTC would oversee spot crypto markets.

• The SEC would maintain jurisdiction over tokenized securities.

• Offshore exchanges could apply to serve U.S. clients through the long-standing Foreign Board of Trade (FBOT) framework.

The report also highlighted the importance of developing quantum-resistant architecture to protect financial and military-grade cryptography from the threat of quantum computing. The SEC’s Crypto Assets Task Force is reviewing proposals to integrate such protections into digital assets.

Cross-Border Task Force Targets Global Fraud
Alongside the 24/7 market push, SEC Chair Paul Atkins announced the launch of the Cross-Border Task Force, designed to consolidate investigative efforts against fraud involving foreign-based companies.

The task force will prioritize enforcement against pump-and-dump and other manipulative schemes that exploit international borders to evade U.S. investor protections.

“We welcome companies from around the world seeking access to the U.S. capital markets. But we will not tolerate bad actors … that attempt to use international borders to frustrate and avoid U.S. investor protections,” Atkins said.

Toward Regulatory Harmonization
In a joint initiative, the SEC and CFTC also announced a September 29 roundtable on regulatory harmonization, aimed at aligning oversight of digital assets and trading platforms.

“By harmonizing our regulatory frameworks, leveraging exemptive authorities, and collaborating on innovative products and trading platforms, the two agencies could unlock new opportunities for market participants … and solidify the United States as the global leader in crypto and blockchain technology,” the agencies noted.

Why This Matters
The SEC and CFTC’s coordinated agenda points toward a future where U.S. financial markets operate 24/7, crypto trading enjoys clearer oversight, and cross-border enforcement strengthens investor protections. Taken together, these moves signal Washington’s intent to secure U.S. leadership in the digital economy while tightening the net around global bad actors.

@ Newshounds News™
Sources:  CoinTelegraph, CoinPedia

~~~~~~~~~

Senate Crypto Bill Clarifies Tokenized Stocks Will Remain Securities

Lawmakers seek to preserve regulatory clarity as tokenization expands into traditional finance

A Key Provision on Tokenized Assets
The U.S. Senate has added a crucial clause to its crypto market structure bill confirming that tokenized stocks will remain classified as securities. The move preserves their compatibility with existing financial frameworks, including broker-dealer systems, clearinghouses, and trading platforms.

The clarification avoids confusion over whether tokenized equities could fall under commodities regulation. By keeping stocks under securities law, the Senate aims to ensure that blockchain-based financial instruments remain consistent with long-standing market rules.

“We want this on the president’s desk before the end of the year,” said Senator Cynthia Lummis of Wyoming, one of the bill’s lead sponsors.

Splitting Oversight Between SEC and CFTC
The legislation, dubbed the Responsible Financial Innovation Act of 2025, also defines the jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC):

• The SEC will regulate digital assets that function as securities.

• The CFTC will oversee commodities-related digital assets.

Lummis noted that the Senate Banking Committee is expected to vote this month on SEC-related provisions, followed by the Agriculture Committee’s review of CFTC oversight in October. A full Senate vote could occur as early as November.

Although the bill does not yet have broad Democratic support, bipartisan negotiations are ongoing. “There have been efforts to pair Democrats and Republicans on certain sub-issues within the bill,” Lummis explained.

Industry Push for Developer Protections
Crypto firms and advocacy groups are pressing lawmakers to add protections for developers and non-custodial service providers.

In August, a coalition of 112 companies and investors — including Coinbase, Kraken, Ripple, a16z, and Uniswap Labs — urged the Senate to ensure that outdated rules do not misclassify software developers as financial intermediaries.

Citing research from Electric Capital, the group warned that the U.S. share of open-source blockchain developers has already fallen from 25% in 2021 to 18% in 2025, highlighting the risks of regulatory uncertainty driving talent overseas.

Why This Matters
By reaffirming that tokenized stocks remain securities, lawmakers are reinforcing the bridge between blockchain innovation and traditional finance. At the same time, industry pressure underscores the need for balanced regulation that protects investors without stifling innovation or driving developers out of the U.S.

@ Newshounds News™
Source: CoinTelegraph

~~~~~~~~~

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MilitiaMan and Crew: IQD Update-Communications Unknown Soldier-Baghdad Energy

MilitiaMan and Crew:  IQD Update-Communications Unknown Soldier-Baghdad Energy

9-5-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=fy1CXUG_Ap0

Seeds of Wisdom RV and Economic Updates Friday Afternoon 9-5-25

Good Afternoon Dinar Recaps,

Currency Selection: JP Morgan Flags BRICS Push, US Dollar Loses Value

Bank warns of accelerating de-dollarization as BRICS strengthens gold-backed frameworks.

JP Morgan’s Warning on the Dollar
JP Morgan’s latest currency analysis has raised fresh concerns about the U.S. dollar’s long-term role as the world’s reserve currency. The bank highlighted that the dollar’s share of global foreign exchange reserves has slipped from 71% in 2000 to 58% today, a decline that has accelerated over the past two decades.

The research points to three major forces behind the shift:

• Commodity trades increasingly priced in non-USD currencies.

• New cross-border payment systems bypassing U.S. banks.

• Ongoing reductions in central bank dollar reserves.

“In the commodities space, energy transactions are more often being priced in non-USD currencies,” the report stated, underscoring the trend toward de-dollarization.

BRICS Multi-Currency Strategy
Rather than creating a single rival to the dollar, BRICS nations are developing a multi-currency framework backed by gold. Russian Foreign Minister Sergey Lavrov emphasized: “No one in the BRICS community is raising the issue of replacing the dollar. The alternative is to switch to settlements in national currencies.”

This structure allows member nations to peg their currencies to gold reserves while maintaining monetary sovereignty. It is viewed as a more practical model than an immediate single BRICS currency.

China’s Cross-Border Interbank Payment System (CIPS) now links nearly 5,000 banks worldwide and offers settlement times as fast as 7 seconds — a direct challenge to SWIFT’s dominance.

Gold-Backed Developments
Gold plays a central role in BRICS’ evolving monetary system:

• BRICS central banks are purchasing directly from domestic miners, bypassing Western supply chains.

• The Shanghai Futures Exchange introduced T+0 gold settlement in March 2024, transforming physical gold trading.

• World Gold Council data shows 19 of 36 central banks have increased gold purchases through local partnerships.

Analysts now estimate fair value for gold at around $8,000 per ounce, reflecting tightening supply conditions. Short-term lease rates have surged — gold at 9.4% and silver at 6.5% — pointing to demand pressure across global markets.

A Gradual Transition
JP Morgan’s assessment suggests the future is unlikely to bring a single replacement for the dollar. Instead, multiple reserve alternatives may emerge, with BRICS’ gold-backed multi-currency system playing a pivotal role.

While timelines remain fluid, analysts point to 2026 as a possible target for fuller BRICS rollout. This multipolar approach underscores a deeper geopolitical realignment as emerging markets reduce their reliance on U.S. financial infrastructure.

Why This Matters
The dollar remains dominant, but its gradual erosion signals a future where trade and reserves are distributed across a basket of currencies. BRICS’ gold-backed strategy is accelerating this trend, forcing global institutions to rethink assumptions about the dollar’s permanence at the center of global finance.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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Iraq Economic News and Points To Ponder Friday Morning 9-5-25

Not Exceeding 20%... The Culture Of Cash Transactions Hinders The Electronic Transformation In Kurdistan.
 
Baghdad Today - Kurdistan   Financial expert Othman Karim confirmed on Thursday (September 4, 2025) that the percentage of electronic financial transactions in the Kurdistan Region is still below the required level, and  has not exceeded 20% so far. 

 Karim told Baghdad Today that manual transactions are still the norm in government departments when it comes to receiving taxes and invoices, and that the use of electronic cards in daily transactions between citizens is limited to large shopping centers.

The expert attributed this decline to several main reasons, including the  continued manual payment of salaries by employees, a  lack of trust in banks within the region, and the  absence of a culture of electronic financial transactions.   https://baghdadtoday.news/282512-20.html  

Exciting Figures: Iraq Ranks High Globally In Its Use Of Cryptocurrencies.
 
Economy    2025-09-04 | 06:28  817 views  Alsumaria News   The Global Cryptocurrency Adoption Index revealed that    Iraq ranked relatively high,   ranking among the top third of countries worldwide using 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.   LINK
  
Customs: Our Revenues Will Reach 3 Trillion Dinars By The End Of This Year.
 
Yesterday, 10:34   Baghdad - INA - Mohammed Al-Talibi   The General Authority of Customs announced on Thursday that it has taken measures to eliminate tampering with invoices for imported goods. While indicating that revenues will reach 3 trillion dinars by the end of the current year, it confirmed that the memorandum of understanding with the Saudi side is in its final stages.
 
The head of the authority, Qasim Thamer, told the Iraqi News Agency (INA):
 
"Customs revenues   have increased in light of the recent customs reforms and are  at their best this year," noting that 
"customs revenues have not exceeded one trillion in 20 years."

He added, "Following the    implementation of the ASYCUDA system and the    Prime Minister's launch of the customs reform file,  revenues increased to 2 trillion dinars in 2024.
 
This year, customs revenues have reached 1.7 trillion dinars to date," expecting that "customs revenues will reach 3 trillion dinars by the end of the current year." 

He stressed that "the advance customs declaration    will be implemented starting December 1st,
requiring traders to submit a declaration regarding the goods they will import  before transferring hard currency abroad.
 
This way, we will have advance customs information,    from which the value of the goods will be calculated.
 
This will positively reflect on increased customs revenues, as   every dollar that leaves Iraq
 will be matched by goods entering through border crossings."

He explained that  "there will be a full link with the Central Bank of Iraq    through submitting invoices to the Central Bank for   auditing and   verification, thus   eliminating manipulation of invoices."

 He pointed out that "the relationship is directly proportional between the    value of the goods and the
 customs duty, and since the prices of goods will be real, the   customs duty will be real,  leading to an increase in the customs duty."
 
Regarding the memorandum of understanding with the Saudi side, Thamer confirmed that 
"the memorandum of understanding with the Saudi side is in its final stages, and  a draft has been prepared but has not yet been completed."

He noted that "the opening of the Jamima border crossing between Iraq and Saudi Arabia will take place during November or December, and   this depends on the administrative and legal procedures between the two countries." 

He pointed out that  "the agreement includes the  exchange of information and trade during this season, as well as
facilitating the movement of trade, the entry of goods, and the exchange of information regarding the customs aspect, in addition to  facilitating the passage of goods through the global TIR system, in addition to other services."        
https://ina.iq/ar/economie/242537-3.html  

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

Seeds of Wisdom RV and Economic Updates Friday Morning 9-5-25

Good Morning Dinar Recaps,

SEC’s Agenda Proposes Crypto Safe Harbors, Broker-Dealer Reforms

Regulatory shift could reduce oversight and give crypto firms room to operate in the U.S.

A Softer SEC Approach
The U.S. Securities and Exchange Commission (SEC) has unveiled a sweeping set of proposed rules that could reshape how digital assets are regulated. SEC Chair Paul Atkins announced roughly 20 rule proposals as part of the agency’s spring 2025 agenda, signaling a departure from the heavy-handed enforcement tactics of recent years.

“The agenda covers potential rule proposals related to the offer and sale of crypto assets to help clarify the regulatory framework for crypto assets and provide greater certainty to the market,” Atkins said. He added that the new approach would focus on “smart, effective, and appropriately tailored” regulation within statutory limits.

What’s in the SEC’s Agenda
Key items in the proposal include:

• Introducing exemptions and safe harbors for the offer and sale of crypto assets.

• Amending the Exchange Act to account for trading of digital assets on alternative trading systems (ATS) and national securities exchanges.

• Revising broker-dealer financial responsibility rules to lessen reporting and compliance burdens.

• “Modernizing” custody requirements under the Investment Advisers Act of 1940 to account for digital assets.

If implemented, these reforms could reduce legal risks for crypto companies, lighten regulatory overhead, and encourage innovation within U.S. markets.

Broker-Dealers in Focus
Broker-dealer rules have long been contentious in the crypto space, particularly requirements around Know Your Customer (KYC) and Anti-Money Laundering (AML). Many decentralized networks struggle to meet these standards due to the absence of centralized data collection. Adjusting these rules could ease operational pressures while maintaining compliance pathways.

From Gensler to Atkins: A Regulatory Reversal
The SEC’s shift comes less than a year after former Chair Gary Gensler’s resignation in January 2025. Under Gensler, the commission pursued aggressive enforcement, filing lawsuits and pushing stricter custody requirements. By contrast, Atkins has overseen the withdrawal of many of those initiatives, dropping investigations and signaling a more collaborative stance toward the industry.

Why This Matters
The SEC’s evolving agenda suggests that U.S. regulators may be moving toward a more balanced framework for digital assets. While proposals still face a lengthy approval process — including public comment and review — the direction under Atkins appears clear: easing barriers for crypto while preserving investor protections.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Fintech Giant Stripe Rolls Out New Payments-Focused Layer-1 Blockchain for ‘Real-World Financial Services Applications’

Stripe and Paradigm launch Tempo, a blockchain optimized for high-speed stablecoin payments.

Introducing Tempo
Stripe, in collaboration with Paradigm, has unveiled Tempo, a new layer-1 blockchain designed specifically for payments. Announced by Stripe CEO Patrick Collison, Tempo promises to support global financial services with a throughput exceeding 100,000 transactions per second and sub-second finality.

“We think of Tempo as the payments-oriented L1, optimized for high-scale, real-world financial services applications,” Collison said.

Stablecoin Fees and User Experience
Unlike many blockchains that require native tokens for transaction fees, Tempo will allow fees to be paid directly in fiat-pegged stablecoins. This feature is aimed at simplifying user adoption and enhancing the overall financial services experience.

Backed by Major Partners
Tempo is being incubated as an independent company, led by Paradigm co-founder Matt Huang. The initiative has already secured high-profile partners including:

• Anthropic

• Deutsche Bank

• DoorDash

• OpenAI

• Revolut

• Shopify

• Standard Chartered

• Visa

These firms will contribute to the blockchain’s design and deployment, ensuring it meets the needs of both traditional finance and next-generation digital services.

Technology and Features
Tempo is being built with:

• A diverse validator set, with a roadmap toward permissionless validation.

• Compatibility with the Ethereum Virtual Machine (EVM).

• An automated market maker (AMM) for stablecoins to streamline liquidity.

The blockchain is currently in private testing, focusing on use cases such as cross-border payments, remittances, microtransactions, and AI-driven payments.

Why This Matters
The launch of Tempo marks a major step in the convergence of fintech and blockchain. By targeting payments rather than trading, Stripe and Paradigm are positioning Tempo as a global backbone for financial services — one that could rival both legacy payment networks and existing crypto infrastructure.

@ Newshounds News™
Source: Daily Hodl

~~~~~~~~~

We Are Going to Take XRP to New Heights, Says Flare Founder

Flare CEO Hugo Philion outlines bold plans to unlock billions in XRP liquidity through DeFi.

Taking XRP to New Heights
Flare co-founder and CEO Hugo Philion has doubled down on his mission to expand XRP’s role in decentralized finance. In a Thursday post, Philion said his team is “going to take XRP to new heights,” underscoring Flare’s vision to turn XRP into a yield-bearing asset.

Philion highlighted XRP as the core asset and FLR as the enabling token, positioning Flare as the bridge that connects XRP with DeFi infrastructure.

Building the Framework: From Staking to Firelight
Flare’s plans have gained traction throughout 2025:

• March – Philion announced low-risk staking opportunities for XRP holders, offering rewards while minimizing validator risks.

• June – The project unveiled Firelight, a liquid staking protocol that lets XRP holders wrap tokens into FXRP and mint stXRP for use in DeFi. Partners included VivoPower, which committed $100 million in XRP, and Uphold, a launch collaborator.

By August, Flare revealed that Firelight could deliver annual yields of 4–7% on XRP, a breakthrough for an asset that traditionally generated no yield.

A Non-Custodial, DeFi-Ready System
Firelight is designed as a decentralized and non-custodial protocol, addressing risks seen with centralized exchanges. With wrapped XRP (FXRP) secured on Flare and represented by stXRP, holders can:

• Participate in lending and borrowing.

• Mint stablecoins.

• Access Ethereum-style DeFi markets thanks to Flare’s EVM compatibility and oracle integrations.

This approach could unlock over $100 billion in previously idle XRP liquidity, giving XRP new utility beyond cross-border payments.

Community and Market Reactions
Legal analyst Bill Morgan has long argued that XRP needs to expand its use cases. “XRP has to work harder to grow its utility beyond payments,” he said earlier this year. Firelight, he noted, may be the path forward.

Market watchers are also speculating on price implications. EasyA co-founder Dom Kwok emphasized that XRP, which once peaked at a $200 billion market cap without DeFi integration, could achieve four-figure valuations if it experiences a true DeFi breakout driven by institutional adoption, ETFs, and stablecoin payments.

Why This Matters
Flare’s innovations could mark the beginning of a new era for XRP. By enabling staking, lending, and stablecoin issuance, Firelight positions XRP as a DeFi-ready asset and challenges perceptions of it as solely a payments token. If institutions continue to adopt, XRP may finally step into the broader world of on-chain finance.

@ Newshounds News™
Source: The Crypto Basic

~~~~~~~~~

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“Tidbits From TNT” Friday Morning 9-5-2025

TNT:

Tishwash:  Al-Sudani directs employees of the Ministry of Finance and relevant government banks to work on Fridays and Saturdays.

Prime Minister Mohammed Shia al-Sudani directed Finance Ministry employees on Thursday to report to work on Friday and Saturday to complete the distribution of retirees' salaries.

A government source said, "The Prime Minister has directed employees of the Ministry of Finance and relevant government banks to report to work on Friday and Saturday to complete the distribution of retirees' salaries."  link

Tishwash:  Coming Soon to Iraq: Launch of the Globally Recognized Electronic  Signature to Boost Digital Transformation

Minister of Communications, Hiyam Al-Yasiri, announced today, Thursday, the imminent launch of electronic signatures, while affirming that these signatures are internationally recognized.

Al-Yasiri said in a statement to the official media, followed by (Al-Mada), that "the government has been working very quickly, and digital transformation has been one of its priorities," indicating that "electronic payment is now available everywhere, in addition to the complete localization of salaries and the delivery of a unified card to almost all Iraqis."

She added, "The Ministry of Communications is the unknown soldier of the digital transformation project, as the ministry is the one providing the infrastructure for the unified card. We are the ones providing the infrastructure for the electronic passport, and all institutions working on the electronic transformation originally rely on the infrastructure of the Ministry of Communications. We have made a significant contribution to the digital transformation in Iraq."

She emphasized, "We have strategic plans and major projects that we want to complete in the future. Our ministry is focused on three main success stories, including the national mobile phone license project, the fiber optic cable project, and its widespread deployment. We are continuing with expansion and submarine cable and transit projects." She noted that, "Electronic signatures will soon be launched in Iraq for the first time, and have become globally recognized, representing a fundamental pillar of digital transformation in Iraq  link

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

Tishwash:  KRG's 'MyAccount' Digital Salary Project Surpasses 900,000 Registrations

The KRG's "MyAccount" digital salary project has surpassed 900,000 registered employees, a major milestone in its push to modernize banking and enhance transparency. The initiative is a key part of the government's reform agenda, praised for its efficiency and positive impact.

The Kurdistan Regional Government's (KRG) landmark "MyAccount" initiative, a cornerstone of its ambitious public service modernization and financial transparency agenda, has reached a major milestone, with the number of registered government employees and salary recipients now exceeding 900,000.

This significant achievement marks a pivotal moment in the KRG's strategic shift away from a cash-based economy and toward a secure, efficient, and modern digital banking ecosystem for its public sector workforce.

In a release issued on Wednesday, September 3, 2025, the KRG announced that a total of 900,600 government employees have successfully registered for the program. The statement described the project as a "major effort by the Kurdistan Regional Government to digitalize banking services and reduce reliance on cash, moving towards the development of modern public services."

This transition is being meticulously implemented in full coordination with the Central Bank of Iraq and involves a partnership with seven private banks and their extensive branch networks. The ultimate goal of the project is to provide secure digital salary services to more than one million beneficiaries.

The registration data reveals widespread adoption across the Kurdistan Region.

The provincial breakdown shows that Erbil leads with 401,815 registered beneficiaries, followed by Sulaimani with 278,630, and Duhok with 220,155. The tangible impact of this digital transition is already being felt on a massive scale.

This month alone, more than 465,000 beneficiaries received their salaries digitally through a rapidly expanding network of nearly 450 Automated Teller Machines (ATMs) strategically placed across the region. In a further expansion of the program, thousands of pensioners are also currently participating in a pilot phase to begin receiving their pensions through the same digital system.

The "MyAccount" project, officially announced by KRG Prime Minister Masrour Barzani in February 2023, is a central component of the ninth cabinet's comprehensive reform strategy. It is designed not only to modernize banking but also to enhance financial inclusion, increase transparency, and streamline government operations.

The initiative has garnered international praise for its vision and execution. During a meeting in Erbil on August 31, the newly appointed U.S. Consul General, Wendy Green, specifically praised the KRG's reform efforts, highlighting the "MyAccount" digital initiative alongside the "Runaki" 24-hour electricity program as particularly significant achievements.

The project's impact extends far beyond simple administrative efficiency, reaching deep into the fabric of public life and directly enhancing other critical sectors, most notably education.

As previously reported by Kurdistan24, KRG Minister of Education Alan Hama Saeed identified the "MyAccount" initiative as one of three key government projects that are fundamentally revolutionizing the education sector. He described the previous salary distribution system as archaic and fraught with risk, where a school principal and other staff members would have to physically collect large sums of cash from a bank.

"Previously, a school principal and two other people would have to visit the bank and bring the salary money in a sack. If the money was short, it would create problems for them," the minister explained. The "MyAccount" project has eliminated this precarious and inefficient practice, empowering educators with financial autonomy and security. "But now, the teacher has their own account and receives the salary themselves," he noted, framing it as one of the most impactful projects for the dignity and professionalism of the teaching workforce.

The successful implementation of "MyAccount" is a testament to the KRG's strategic planning and its commitment to meeting rigorous international standards.

The project adheres to strict financial regulations, excluding any sanctioned institutions and requiring participating banks to make substantial investments in their retail infrastructure, including the deployment of ATMs and Point of Sale (POS) devices, as well as enhancing customer service to ensure a seamless transition for all beneficiaries.

As the program continues to expand toward its goal of including over one million public sector employees and pensioners, it stands as a clear and powerful example of the KRG's forward-looking governance. By building a modern, transparent, and secure financial infrastructure, the "MyAccount" project is not only improving the daily lives of hundreds of thousands of citizens but is also laying a critical foundation for the Kurdistan Region's long-term economic stability and development.

For further information, citizens are encouraged to visit the official website at this link or contact the dedicated service center at 1991.  link

Mot:  ... For all you city slickers out there !!!!!  

Mot:  and the Problem is ?????