DINARRECAPS8 9/9/25 DINARRECAPS8 9/9/25

Seeds of Wisdom RV and Economic Updates Tuesday Evening 9-9-25

Good Evening Dinar Recaps,

India Drives BRICS Trade Solutions, Trump Warns It Won’t End Well
New Delhi pushes for reforms inside BRICS while facing mounting pressure from Washington.

India’s Direct Challenge to Partners
At the latest BRICS virtual summit, India’s External Affairs Minister S. Jaishankar, representing Prime Minister Narendra Modi, delivered a blunt message: India’s biggest trade deficits are with its BRICS partners.

Good Evening Dinar Recaps,

India Drives BRICS Trade Solutions, Trump Warns It Won’t End Well
New Delhi pushes for reforms inside BRICS while facing mounting pressure from Washington.

Jaishankar argued that reform within the bloc is overdue, stating:
“The BRICS itself can set an example by reviewing trade flows among its member states.”

His remarks highlight the growing strain as India navigates tariff battles with the Trump administration while balancing partnerships with China and Russia.

Massive Trade Deficits Exposed
The scale of India’s trade imbalances is striking:

India’s trade deficit with China hit a record $99.21 billion in FY 2025, with Beijing’s surplus climbing 16% this year to $77.7 billion.
With Russia, bilateral trade reached $68.7 billion, but India’s reliance on oil imports created a $59 billion deficit.

These numbers add urgency to India’s call for BRICS reforms, especially as Trump’s tariffs complicate negotiations.

Trump Administration’s Harsh Warnings
Trump’s trade advisor Peter Navarro escalated tensions, warning India that its policies “won’t end well” if New Delhi resists cooperation in new trade talks.

Navarro criticized India’s tariffs as the “highest in any major country against the U.S.” and defended Washington’s 50% tariff on Indian goods—even harsher than the 30% levies on Chinese imports.

On energy, Navarro said bluntly:
“India never bought oil from Moscow before Russia invaded Ukraine, except for like little tiny drops of it.”

He also issued a geopolitical warning:
“If India doesn’t come around, it’s lying down with Russia and China, and that won’t end well for India.”

BRICS Alliance Under Fire
Navarro didn’t stop with India. He attacked the entire BRICS bloc, labeling its members as “vampires” draining U.S. wealth with unfair trade practices:
“None of these countries can survive if they don’t sell to the United States. Their exports are like vampires sucking our blood dry.”

China’s President Xi Jinping responded by warning that tariff wars “severely disrupt the world economy and undermine international trade rules.”

Signs of Reconciliation
Despite the heated rhetoric, Trump has also signaled a softer side, praising Modi as a “great prime minister” and emphasizing the “special” U.S.-India relationship. Modi, for his part, responded positively, suggesting that diplomacy may still offer a path to resolution.

Why This Matters
India’s push for BRICS trade reforms—and the Trump administration’s aggressive tariffs—are testing global alliances at a critical moment. Whether diplomacy or confrontation prevails will shape the trajectory of BRICS, U.S.-India relations, and broader trade stability in the years ahead.

@ Newshounds News™

Source: Watcher.Guru – India Drives BRICS Trade Solutions, Trump Warns It Won’t End Well

~~~~~~~~~

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DINARRECAPS8 9/9/25 DINARRECAPS8 9/9/25

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

Parliamentary Call To Establish A "Petrodollar Fund"

Second and third 09/09/2025 Baghdad: Janan Al-Asadi Basra MP Asaad Al-Bazouni called for the establishment of a special fund known as the "Petrodollar Fund," to address environmental pollution and the significant rise in cancer rates in Basra, given the province's heavy reliance on oil revenues in the general budget. Without any real plan to address the negative impacts of oil extraction operations.

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

Basra MP and member of the parliamentary investment committee, Asaad Al-Bazouni, told Al-Sabah:

“Iraq’s revenues depend on oil for more than 90 percent of its revenues, and most of these revenues come from Basra province, especially after the halt in exports from the Kurdistan region.

” He explained that “despite the allocation of five dollars for every barrel of oil extracted for the benefit of the province, these funds have not been transferred or received in full, which has left approximately 27 trillion dinars owed to the province that have not yet been disbursed.”

Al-Bazouni added, "The efforts have not yet succeeded in providing serious solutions to the problem of environmental pollution resulting from oil extraction operations, nor have they addressed the rising rates of cancer among citizens.

" He explained that "serious solutions begin by directing the allocated funds of five dollars per barrel to a 'special fund' whose mission is to address environmental pollution and cancer in the governorate, similar to reconstruction funds in other governorates.

This provides a transparent and effective mechanism for managing these funds and investing them in necessary health and environmental projects.

" He pointed out that "the establishment of this fund will address environmental and health imbalances in the governorate and provide direct economic and social support to residents suffering from the effects of pollution resulting from the oil industry."

This demand comes at a time when local and international reports indicate a significant increase in cancer rates in Basra Governorate due to emissions from oil gas flaring and oil extraction.

Hundreds of cases are recorded in the governorate each month, and medical sources have confirmed that the number of infections exceeds official statistics, with warnings that this situation will continue and that infection rates will increase in the future. https://alsabaah.iq/120221-.html

Iraq's Non-Oil Revenues Jump To 7 Trillion Dinars Thanks To Reforms.

September 9, 2025 Last updated: September 9, 2025 Al-Mustaqilla/- The Prime Minister's Advisor for Economic and Financial Affairs, Mazhar Mohammed Salih, announced a significant jump in Iraq's non-oil revenues this year,thanks to the reform packages adopted by the government.

Saleh explained in a statement to the official newspaper, which was followed by Al-Mustaqilla, that
non-oil revenues increased from 420 billion dinars in the first half of 2023 to more than 7 trillion dinars in 2024.

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

He pointed out that this growth was the result of implementing eight reform packages that included expanding the tax base, activating digital governance, and developing electronic payment mechanisms, which contributed to reducing the shadow economy and enhancing the transparency of financial performance.

He added that the three-year general budget law increased the contribution of non-oil revenues to approximately 20% of total revenues, an important step toward reducing dependence on oil as the primary source of economic revenue.

Saleh explained that these reforms were not limited to the financial aspect alone, but also included strengthening partnerships with the private sector and supporting youth entrepreneurship through the launch of the Riyada Bank, which aims to   finance productive projects and encourage innovation.

Experts believe that these indicators represent a   strategic shift in the structure of the Iraqi economy,particularly as   the government seeks to   diversify sources of income and  promote sustainable development, independent of the fluctuations in global oil markets.

https://mustaqila.com/إيرادات-العراق-غير-النفطية-تقفز-إلى-7-تر/

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Having an internationally recognized electronic signature means that Iraqi banking documents and transactions will be accepted internationally, opening doors for cooperation with international banks and  making Iraq more attractive to foreign investment.

Digital signatures are the fuel for accelerating digital banks (or digital branches of traditional banks), enabling the provision of complete services online without the need for a physical presence, such as  opening accounts completely remotely, signing contracts and agreements securely, and completing lending and financing transactions seamlessly.

With a solid legal and technical foundation, banks can  develop and  offer innovative financial services such as mobile banking with a more secure experience,  crowdfunding platforms that require authenticated signatures on agreements, and  Wealth-Tech (digital wealth management) services that rely on secure electronic contracts.

Electronic signatures eliminate geographical barriers, allowing banks to reach customers in remote areas or those who prefer a fully digital banking experience.

This aligns with the digital transformation vision that aims to include all citizens.

Despite the significant advantages, the success of e-signatures in the Iraqi banking sector faces some challenges, most notably   digital infrastructure.
Gaps in internet coverage and  reliability remain in some areas of Iraq, potentially  limiting the effectiveness of e-signatures.

Culture and trust are also key here, and both customers and employees need to be educated about the importance and security of e-signatures.

Intensive training programs are also needed, as is cybersecurity.

With increased reliance on digitization, banks increasingly need to invest heavily in advanced cybersecurity systems to protect  customer data and transactions   from attacks.

The launch of e-signatures in Iraq is a step in the right direction and could be a powerful catalyst for the banking sector.

To realize the full benefits, collaboration between the public and private sectors is essential:

Banks should work closely with the Ministry of Communications and regulatory authorities to ensure that e-signature systems comply with international standards, invest in infrastructure and security, and adopt technologies such as cloud computing and  blockchain to enhance security and efficiency.

I see the imperative of organizing comprehensive awareness campaigns    to educate customers on the benefits and use of electronic signatures to build trust and drive adoption.

I also believe it is imperative to conduct ongoing training for staff to develop the skills of bank employees to navigate new technologies and manage digital platforms efficiently.

In short, this decision is not just a technical addition, but a strategic shift that lays the foundation for the Iraqi banking sector to compete regionally and globally, and to enter the era of digital banking with confidence and security. https://alsabaah.iq/120203-.html

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

DINARRECAPS8 9/9/25 DINARRECAPS8 9/9/25

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 9-9-25

Good Afternoon Dinar Recaps,

SEC Crypto Task Force Targets Financial Surveillance, Privacy, and Market Clarity
Commissioner Hester Peirce leads new push for balance between oversight and innovation in digital assets.

A Fresh Approach at the SEC
The U.S. Securities and Exchange Commission (SEC) is pressing ahead with its digital asset agenda, announcing that its crypto task force will hold a public roundtable on financial surveillance and privacy in Washington, D.C., on October 17.

Good Afternoon Dinar Recaps,

SEC Crypto Task Force Targets Financial Surveillance, Privacy, and Market Clarity
Commissioner Hester Peirce leads new push for balance between oversight and innovation in digital assets.

Led by Commissioner Hester Peirce, the task force has already hosted multiple roundtables since the departure of former SEC Chair Gary Gensler, with 10 events planned across the country through December.

“Understanding recent developments in privacy-protecting tools will assist the SEC and other financial regulators as we work on policy solutions in the crypto space,” Peirce said.

Policy Shifts in Motion
The SEC recently proposed new rules, including:

Exemptions and safe harbors for certain crypto asset sales.
Adjustments to broker-dealer financial responsibility rules that could reduce compliance burdens for U.S.-operating crypto companies.

These steps suggest a measured shift toward more industry-friendly regulation compared to the enforcement-heavy approach under prior leadership.

Collaboration with the CFTC
The SEC is not acting alone. The Commodity Futures Trading Commission (CFTC), now led solely by Acting Chair Caroline Pham, has also signaled a softer stance. Pham said the agency would follow the White House’s lead on digital asset policy.

Both regulators have begun exploring:

A potential shift to 24/7 capital markets.
Regulations for crypto derivatives.
A coordinated framework for spot crypto trading, following recommendations from the President’s Working Group on Digital Asset Markets.

Congressional Oversight Ahead
All of these efforts could soon be superseded by federal legislation. The Senate is considering the Responsible Financial Innovation Act, a comprehensive market structure bill. Co-sponsor Senator Cynthia Lummis believes it could become law before 2026, formally codifying the roles of the SEC and CFTC in digital asset regulation.

Why This Matters
The SEC’s evolving stance shows a recognition that crypto markets require both regulatory clarity and respect for privacy-enhancing tools. With roundtables engaging industry and policymakers, and Congress weighing a structural overhaul, the coming years could define how the U.S. balances surveillance, innovation, and investor protection in digital finance.

@ Newshounds News™

Source: CoinTelegraph – SEC Financial Surveillance and Privacy Crypto Task Force

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SEC Delays Decision on HBAR and Polkadot ETFs Until November
Regulator points to listing standards, not token rejection, as altcoins hold strong.

Another SEC Delay
The U.S. Securities and Exchange Commission (SEC) has once again delayed decisions on two altcoin ETF filings: Canary’s Hedera (HBAR) ETF and Grayscale’s Polkadot (DOT) ETF. The regulator extended its deadline to November 8, marking the third delay since March.

For the Canary HBAR ETF, Nasdaq first filed in February and amended the proposal in March. The SEC has since requested several rounds of public comments, questioning whether the product qualifies under Nasdaq’s commodity-based trust shares rule. Grayscale’s Polkadot ETF is following a nearly identical timeline.

Why the Delay?
The SEC’s hesitation has less to do with HBAR or DOT specifically and more to do with the lack of uniform listing standards for spot crypto ETFs. The agency is holding back approvals until exchanges finalize a broader framework.

Major exchanges — including Nasdaq, NYSE, and CBOE BZX — have already submitted amendments to redefine “commodity” by removing “excluded commodities.”
This change would smooth the way for altcoin ETFs, making them easier to classify and list.

In short, the SEC appears to be waiting for standardization before approving any products beyond Bitcoin and Ethereum.

Market Reactions Stay Positive
Despite the delay, both tokens showed resilience:

HBAR rose about 1% this week, trading near $0.22.
Polkadot (DOT) surged almost 4% to $4.03, with trading volume spiking more than 225% in 24 hours.

Analysts suggest this optimism reflects a belief that approval is inevitable once listing standards are finalized. Bloomberg continues to assign a 90% probability of eventual approval for both ETFs.

The Bigger Picture
The SEC’s cautious approach signals it is building a standardized ETF framework rather than rejecting altcoin products outright. While the November deadline is the next milestone, market participants are already pricing in a favorable outcome.

If approved, HBAR and Polkadot ETFs could mark the beginning of a new wave of altcoin ETFs, further expanding crypto’s integration into U.S. capital markets.

@ Newshounds News™
Source: Coinpedia – SEC Delays Decision on HBAR and Polkadot ETFs+

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Analysts Say Bitcoin Has Yet to Prove Its “Digital Gold” Role
Despite gold’s surge, Bitcoin still trades like a risk asset tied to tech stocks.

Geopolitics and Market Anxiety
Global markets were rocked this week by a combination of weak U.S. employment figures, intensifying trade disputes, ongoing wars, and political turmoil in France. The uncertainty pushed gold to new record highs. Bitcoin, however, did not follow. Instead, it mirrored the Nasdaq 100, reinforcing its tight correlation with equities rather than acting as a safe-haven asset.

Ecoinometrics: “Digital Gold” Narrative Still Missing
Research group Ecoinometrics found that Bitcoin’s correlation with gold and U.S. Treasuries remains close to zero. Meanwhile, its connection to risk assets remains strong, with Ethereum even more equity-like in its trading behavior. Analysts emphasized that Bitcoin has yet to make the anticipated transition into a true “digital gold” hedge.

Fed Meeting as the Turning Point
Investor attention now shifts to the upcoming Federal Reserve meeting, which may set the tone for both crypto and equities:

A clear rate-cut signal could spark optimism across risk markets, potentially lifting Bitcoin.
A hawkish surprise may weigh on both tech stocks and crypto, keeping Bitcoin locked in its current risk-asset role.

Bitwise: Macro Still Dictates the Trend
According to André Dragosch of Bitwise, the current weakness in Bitcoin isn’t driven by crypto fundamentals, but rather by slowing global growth and shrinking risk appetite.

Still, Dragosch maintains a cautiously optimistic outlook:

Liquidity growth and Fed easing could fuel a stronger environment later this year.
In the short term, the Fed meeting represents a “double event”—either a launchpad for recovery or a trigger for further downside.

Why This Matters
Bitcoin’s ability—or failure—to prove itself as “digital gold” will remain a central narrative for investors. With gold surging to fresh highs and global instability persisting, the coming months may determine whether Bitcoin truly evolves into a safe-haven asset or continues behaving like a speculative tech trade.

@ Newshounds News™
Source: Coindoo – Analysts Say Bitcoin Has Yet to Prove Its “Digital Gold” Role

~~~~~~~~~

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DINARRECAPS8 9/9/25 DINARRECAPS8 9/9/25

Iraq Economic News and Points To Ponder Tuesday Morning 9-9-25

Iraq Is At The Heart Of A Global Digital Storm. Iraqis Are Increasingly Buying Cryptocurrencies, And There Are Warnings Of Risks To The Iraqi Economy.

September 8, 2025 Baghdad / Iraq Observer In recent years, Iraq has witnessed an escalating debate about cryptocurrencies, a phenomenon that has swept the world, transforming money flows from traditional banking channels to a borderless and unregulated digital space.

While Iraq ranks relatively high globally in cryptocurrency adoption indicators, official voices are increasingly raising their voices, most notably the warnings of the Central Bank of Iraq and the Prime Minister's financial advisors, regarding the legal, financial, and security risks these currencies pose, which could be devastating to individuals and the national economy.

Reasons Why Iraqis Are Turning To Cryptocurrencies

Mazhar Mohammed Saleh, the financial advisor to the Prime Minister, explained in a statement to the Iraq Observer that the use of cryptocurrencies in Iraq is due to "many reasons," most notably individuals' reliance on these currencies for remittances abroad to avoid the fees and restrictions of the traditional banking system.

He added that the lack of banking options, especially in underserved areas, has prompted many to opt for   decentralized digital methods that the digital space easily provides.

Saleh believes that this phenomenon is not limited to Iraq, but that it has taken on a more dangerous character in the country due to the  fragility of the traditional financial system and the  lack of official channels for citizens to resort to.

This has made cryptocurrencies a quick and accessible option for a wide segment of the population, especially young people.

*Central Bank warnings and looming risks Despite the growing popularity, Saleh notes that the Central Bank of Iraq has issued stern warnings against dealing or trading in cryptocurrencies, citing the risks associated with  financial volatility,   fraud, and   terrorist financing.

He explained that "the risks of using cryptocurrencies are very significant and real," as many young people have been exposed to fraud, significant financial losses, and a lack of legal recourse due to dealing with unlicensed platforms.

He explained that trading often takes place through unofficial brokers or using virtual private networks (VPNs) to circumvent restrictions, making these transactions far removed from any legal or banking protection.

The financial advisor emphasized that relying on informal methods, such as brokers in neighboring countries, to facilitate transfers or withdrawals increases the fragility of these transactions.

Digital Theft And Lack Of Guarantees

Furthermore, the high volatility makes people vulnerable to quickly losing their savings with any sharp change in cryptocurrency prices. Saleh continues that one of the most significant risks of this phenomenon is the exposure of traders to what he calls "digital theft," given that trading is illegal and lacks any safeguards or frameworks to protect investors.

He notes that the   absence of a protective banking or legal authority makes trading in cryptocurrencies an uncalculated risk that could wipe out individuals' savings in an instant.

He also pointed out that these operations constitute a form of "digital money laundering," which falls under the Anti-Money Laundering and Counter-Terrorism Financing Law.

He noted that AML/CFT regulations apply to digital transactions, especially if they are linked to a criminal purpose, indicating that violators face severe penalties that may include imprisonment for 5 to 15 years, or a fine of up to five times the amount of laundered funds.

*Iraq in the "Global Adoption" Index of Cryptocurrencies

In contrast to these warnings, international data confirms the extent of the phenomenon's spread in Iraq. The "Global Adoption" Index for Cryptocurrencies revealed that Iraq ranked relatively high globally, ranking among the top third of countries worldwide in digital currency use.

According to the sixth edition of the global index, which ranks 151 countries, Iraq ranked 44th globally,   with a score of 0.05, placing it at the forefront of the region's countries that have adopted cryptocurrencies at the grassroots level.

Iraq outperformed countries such as   Saudi Arabia,   Oman, Kuwait, the UAE, Qatar, and Bahrain   in this ranking. However, countries such as Türkiye, Yemen, and Jordan ranked higher than Iraq, indicating that the Middle East region as a whole is witnessing a frantic race in the field of digital currencies.

Asia-Pacific: The Largest Growth Arena

Internationally, data showed that the Asia-Pacific region was the fastest-growing region in cryptocurrency activity, with a 69% increase in value received year-on-year over the past twelve months.

Total cryptocurrency transaction volume in the region also increased from $1.4 trillion to $2.36 trillion, reflecting the global boom in this sector. https://observeriraq.net/العراق-في-قلب-العاصفة-الرقمية-صعود-في/

Strengthening Digital Infrastructure

Economic 09/09/2025   Dr. Nabil Rahim Al-Abbadi Electronic signatures are a cornerstone of banks' digital transformation, providing a reliable technical and legal basis for electronic transactions.

This aligns with Iraq's efforts to improve its digital infrastructure, as stated by the Minister of Communications.

Relying on electronic signatures will reduce the need for paper documents, lowering operational costs associated with printing, storage, and transportation.

It will also speed up transaction procedures such as opening accounts and issuing loans, reducing waiting times from days to minutes in some cases. Furthermore, it uses advanced encryption technologies, reducing the chances of forgery and fraud.

This enhances customer confidence in digital banking services, a vital step in an environment marked by increasing cyber risks.

Having an internationally recognized electronic signature means that Iraqi banking documents and transactions will be accepted internationally,   opening doors for cooperation with international banks and   making Iraq more attractive to foreign investment.

Digital signatures are the fuel for accelerating digital banks (or digital branches of traditional banks), enabling the provision of complete services online without the need for a physical presence, such as  opening accounts completely remotely, signing contracts and agreements securely, and completing lending and financing transactions seamlessly.

With a solid legal and technical foundation, banks can  develop and  offer innovative financial services such as  mobile banking with a more secure experience,  crowdfunding platforms that require authenticated signatures on agreements, and  Wealth-Tech (digital wealth management) services that rely on secure electronic contracts.

Electronic signatures eliminate geographical barriers, allowing banks to reach customers in remote areas or  those who prefer a fully digital banking experience.

This aligns with the digital transformation vision that aims to include all citizens.

Despite the significant advantages, the success of e-signatures in the Iraqi banking sector faces some challenges, most notably   digital infrastructure.   Gaps in internet coverage and  reliability remain in some areas of Iraq, potentially   limiting the effectiveness of e-signatures.

Culture and trust are also key here, and both customers and employees need to be educated about the importance and security   of e-signatures.

Intensive training programs are also needed, as is cybersecurity.

With increased reliance on digitization, banks increasingly need to invest heavily in advanced cybersecurity systems to protect  customer data and  transactions from attacks.

The launch of e-signatures in Iraq is a step in the right direction and could be a powerful catalyst for the banking sector.

To realize the full benefits, collaboration between the public and private sectors is essential:

Banks should work closely with the Ministry of Communications and   regulatory authorities to ensure that e-signature systems comply with international standards, invest in infrastructure and security, and adopt technologies such as   cloud computing and   blockchain to enhance security and efficiency.

I see the imperative of organizing comprehensive awareness campaigns to educate customers on the benefits and use of electronic signatures to build trust and drive adoption.

I also believe it is imperative to conduct ongoing training for staff to develop the skills of bank employees to navigate new technologies and manage digital platforms efficiently.

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

Dinar Recaps 20 9/9/25 Dinar Recaps 20 9/9/25

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

TNT:

Tishwash: Iraqi Oil: Signing Major Investment Contracts and Expanding Gas Investment

The Ministry of Oil confirmed on Monday that major investment contracts had been signed and gas investments had expanded, as Iraq has become an attractive investment environment for the oil industry. It noted significant progress in the extraction, refining, gas, and distribution sectors .

“Iraq has signed major contracts with international companies such as Chevron and BB to develop fields in Nasiriyah and Kirkuk, in addition to the integrated gas development project in the Artawi field, with a value exceeding $10 billion,” said Undersecretary of the Ministry, Bassem Khadir, in a speech during the opening of the third Iraq International Oil and Gas Exhibition, which was followed by the “ Al-Sa’a ” network.

TNT:

Tishwash: Iraqi Oil: Signing Major Investment Contracts and Expanding Gas Investment

He added, "The ministry has increased its gas investment percentage from 45% to 70%, with an ambitious plan to close the flared gas file by 2028. Work is also underway on renewable energy projects, most notably a 1,000-megawatt solar power plant ."

He pointed out that "the integrated project in Artawi includes four axes: increasing oil production, exploiting gas from five fields, establishing a solar energy project, and using seawater injection to increase pressure in oil fields ."

Khadir emphasized that "Iraq is working to develop the infrastructure and human resources in the oil sector, while supporting national companies and raising their efficiency to match their partnerships with international companies, thus enhancing development in all governorates and creating ample job opportunities link

Tishwash: Al-Sudani: Iraq has overcome all challenges and today represents a fundamental pillar of security and stability in the region.

Prime Minister Mohammed Shia al-Sudani affirmed on Monday that Iraq has overcome all challenges and is today a fundamental pillar of security and stability in the region .

His office stated in a statement received by the Mail that "Al-Sudani met, in the Belgian capital, Brussels, with NATO Secretary General Mark Rutte, during which bilateral relations between Iraq and the NATO mission in Iraq were discussed ."

Al-Sudani expressed his "appreciation for Rutte's invitation to participate in the North Atlantic Council meetings," noting that "Iraq has overcome all challenges and today represents a fundamental pillar of security and stability in the region ."

He stressed that "social cohesion in Iraq is its strength," emphasizing "the need for the international community to play its role in stopping the war in the region and the grave violations being committed in Gaza ."

For his part, Rutte expressed his "appreciation for Iraq's role in stabilizing security in the region," praising the "significant shift in the management of all issues during the current government's tenure ."

He praised the "great support that NATO's mission in Iraq receives link

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Tishwash: Steve Lutes: US companies are ready to support economic diversification in Kurdistan.

The Vice President of the American Chamber of Commerce, Steve Lutes, confirmed that the Prime Minister of the Kurdistan Region, Masrour Barzani, seeks to diversify the economy in Kurdistan, stressing that American companies are ready to cooperate in this field.

A delegation from the American Chamber of Commerce, comprising more than 30 companies, is currently visiting Erbil to invest in various sectors within the Kurdistan Region.

Steve Lutes told Kurdistan 24 on Sunday that the delegation is not only listening to economic opportunities from officials, but is also seeking to connect with local businesspeople, with the goal of finding new partners and increasing trade and investment activity in the Kurdistan Region.

"Kurdistan Regional Prime Minister Masrour Barzani is focused on diversifying the economy, and we believe American companies will be able to seize these opportunities and contribute to achieving this goal," Lutz added. link

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

Tishwash: Al-Sudani's advisor reveals the extent of the development path's contribution to the Iraqi economy.

Mudhar Mohammed Salih, advisor to the Iraqi Prime Minister, revealed on Monday that the development road project will contribute 20% to diversifying the national economy.

Salih said in a press interview that "the development road project, which connects the port of Faw in southern Iraq to Turkey via a 1,200 km railway and road network, is one of the largest logistics projects in the region, with an estimated cost of $17 billion."

He added that "the project will open the door to diversifying the national economy as the road is connected to free economic zones, industrial cities and advanced logistics services," expecting that "it will contribute approximately 20% to diversifying the national economy in terms of its contribution to the gross domestic product in the long term."

Salih pointed out that "this will be a basis for employing a national workforce of approximately one million workers and activating important joints in the national economy, in addition to advanced land and rail transportation services, in addition to attracting regional and international investments continuously as it connects the Gulf to Europe via Turkey, which are important economic regions globally in terms of relative weight."

The government advisor concluded his remarks by saying, "The project will sustainably strengthen the Iraqi economy and improve the country's resilience to global market fluctuations. If invested efficiently and integrated with plans to boost industry, trade, and services, its impact could undoubtedly be as significant as that of oil in the long term." link

Mot: When - Enough is Enough!!!!

Mot: . Not What She Was Hoping For

DINARRECAPS8 9/8/25 DINARRECAPS8 9/8/25

Iraq Economic News and Points To Ponder Monday Evening 9-8-25

Experts: Banking Reforms Are Necessary To Enhance Financial Stability.

Economic 09/08/2025 Morning: Hussein Faleh The Iraqi banking sector is undergoing a pivotal phase marked by comprehensive reform and institutional development.

The Central Bank, in collaboration with private banks, the government, and the global consulting firm Oliver Wyman, is implementing a strategic plan aimed at enhancing financial stability, diversifying the economy, and gradually transitioning from a cash to a digital economy.

Experts believe these efforts pave the way for ending restrictions on Iraqi banks' dollar transactions and opening new horizons for the banking sector to achieve sustainable development.

pivotal stage

Economic expert Dr. Mustafa Hantoush explained that"the Central Bank and the banking system are going through a critical phase that could lead to the end of restrictions imposed on Iraqi banks' dollar transactions."

He pointed out that "the Central Bank's decision to extend the deadline for increasing the capital of banks included in the reform to more than two years, instead of the previous deadline of the end of this year, reflects a state of joint cooperation with these banks and supports them in facing challenges." Hantoush told Al-Sabah:

Final Report

“The Central Bank has contracted with Oliver Wyman to conduct a comprehensive study of the banking sector,” noting that “the company completed its study and submitted its initial report three weeks ago, while the final report was issued recently, including a package of mechanisms to address banking challenges and regulate dollar transactions.

” He added that “these mechanisms are currently under discussion between the Central Bank and the consulting firm,” expecting “the dialogue between the two sides to continue to reach compromises, whether by extending the capital increase period to more than three years, or reducing the required amounts in line with the capabilities of Iraqi banks.”

tangible progress

For his part, Economic and Banking Advisor Samir Al-Nusairi stated that "the measures and efforts led by the Central Bank of Iraq,in cooperation and consultation with private banks, have yielded tangible progress in implementing the objectives, mechanisms, and standards of the comprehensive banking reform project.

This progress is being made in partnership with the government and the global consulting firm Oliver Wyman, and within the framework of the Central Bank's third strategy.

productive sectors

" Al-Nusairi explained to Al-Sabah that "the project came in response to current economic challenges and an effort to enhance the banking sector's role in supporting sustainable development by activating non-oil productive sectors, diversifying sources of national income, achieving financial stability and economic growth, regulating foreign trade financing, supporting infrastructure projects for digital transformation, and expanding the use of electronic payment tools to achieve financial inclusion." Al-Nusairi explained that

international recognition

"the reform and development plan for the banking sector for the period 2025-2028 focuses on
developing the banking system and ensuring its compliance with international banking and accounting standards, building a modern, flexible, and inclusive banking sector, enhancing citizens' confidence locally, and obtaining international recognition for its transparency and commitment to standard criteria, ensuring the confidence of global correspondent banks.

It also aims to rehabilitate restricted or weakly active banks to enable them to return to full operations. It also aims to focus the role of banks on financing and development lending,   enhancing financial inclusion and increasing its percentage.

It also aims to move from a cash economy   to a digital economy   by withdrawing funds circulating outside the banking cycle   – which constitutes approximately 80 percent  – and integrating them into the banking system." Al-Nusairi pointed out that

Evaluation and classification

"what has been achieved during the years 2023, 2024, and until mid-2025 represents 'ambitious' levels in building the foundations upon which the reform project is based,   which has enabled the evaluation and classification of banks according to their level of achievement of objectives.

" He noted that "there are banks that have achieved remarkable progress, while others still need additional time, while exceptional efforts are being made by the Central Bank and the administrations of some troubled banks to rehabilitate them."

Central Bank Governor Ali Al-Alaq had previously revealed details of the banking reform plan,
particularly regarding the foreign partner and the plan's objectives, stressing that the foreign partner is not a condition of the reform plan, while indicating that the banking reform is based on international laws and standards.

Reform plan

Al-Alaq said,"The banking reform plan is not a surprise, but rather a well-thought-out plan, and it took more than a year to develop in coordination with banks and international bodies. It was agreed upon the need to review the Iraqi banking sector after years of practical experience.

" He pointed out that, "After numerous problems emerged, all parties agreed to adopt a plan that would place our banks within international standards and practices, and within the framework of the Central Bank Law and the Iraqi Banking Law. Therefore, the standards are not innovative, but rather stem from the Central Bank Law." https://alsabaah.iq/120119-.html

The Central Bank Governor Meets With The United Nations Development Programme Representative.

September 08, 2025 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, met with the new Resident Representative of the United Nations Development Programme in Iraq (Mr. Titon Mitra) at the Central Bank's headquarters in Baghdad.

The meeting addressed a range of key issues in cooperation between the two parties, focusing on
    providing advice on technical aspects and controls related to the regulatory framework for e-commerce, with the    goal of working toward   consumer protection and enhancing a safe environment for the growth of the digital economy.

During the meeting, His Excellency the Governor reviewed the tangible progress made in the digital transformation of electronic transactions across trade and services, and the   reduction of reliance on cash.

He highlighted the importance of cooperation on advisory and technical aspects with various specialized international and regional organizations.

His Excellency also addressed the Central Bank's plan to reform the banking sector, the key stages it is undergoing, and the cooperation with Oliver Wyman.

Mr. Mitra commended the   cooperation between the    Central Bank of Iraq and the United Nations Development Programme, pointing out the   Central Bank's reform plan for the banking sector to consolidate the pillars of this important sector,   which influences the stability of   economic and   commercial activity in Iraq.   https://cbi.iq/news/view/2976

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

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BRICS Anti-America Strains Rise as JP Morgan Predicts US Dollar Future

Despite de-dollarization campaigns, JPMorgan says the U.S. dollar’s dominance remains entrenched for decades to come.

JPMorgan’s Dollar Dominance Outlook
JPMorgan analysts argue that the U.S. dollar’s global supremacy is not easily displaced. Their research points to deep and liquid capital markets, rule of law, predictable legal systems, and robust USD liquidity as foundations of dollar dominance.

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BRICS Anti-America Strains Rise as JP Morgan Predicts US Dollar Future

Despite de-dollarization campaigns, JPMorgan says the U.S. dollar’s dominance remains entrenched for decades to come.

While dollar reserves fell from 73% in 2001 to 58.4% in 2023, the share has stabilized since 2021. JPMorgan concludes that fears of a rapid U.S. dollar collapse are overstated, saying erosion of its role would take decades, not years.

Trump’s Escalating Anti-BRICS Stance
President Donald Trump has sharpened rhetoric against BRICS nations, threatening 100% tariffs on countries moving away from the dollar. His approach toward India has been particularly volatile, swinging from labeling it a “dead economy” to reaffirming U.S.-India ties.

These tensions highlight the political flashpoints driving speculation about dollar stability, even as structural realities keep the greenback secure.

BRICS Push for Alternatives
Despite JPMorgan’s confidence, BRICS nations continue to pursue alternatives:

Russia and China are expanding non-dollar payment systems.
India is extending its digital payment network to regional partners.

Still, JPMorgan cautions that fragmentation of international payments is a bigger near-term risk than outright de-dollarization.

Market Reality vs. Political Rhetoric
Financial voices emphasize the gap between BRICS ambitions and global trade realities.

Ted Jenkin, CEO of oXYGen Financial, noted: “With the exception of Europe, the dollar is the most widely used currency by far around the world.”

Even China, while cutting U.S. Treasury holdings, increased purchases of other U.S. securities, signaling continued reliance on dollar assets.

According to the Federal Reserve, 60% of international claims remain dollar-denominated, unchanged since 2000 and far above the euro’s 20%.

Why This Matters
While BRICS nations push for de-dollarization, the U.S. dollar remains the cornerstone of global finance. JPMorgan’s analysis suggests that structural advantages, institutional trust, and widespread usage ensure its dominance will endure well beyond today’s political disputes.

@ Newshounds News™
Source: Watcher Guru

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The Real Reason The Treasury is Buying Back So Much Debt

The Real Reason The Treasury is Buying Back So Much Deb

Heresy Financial: 9-8-2025

TIMECODES

00:00 Treasury Buybacks Explained

00:28 Fed vs Treasury – Key Differences

01:22 How the Treasury Manages Money

The Real Reason The Treasury is Buying Back So Much Deb

Heresy Financial: 9-8-2025

TIMECODES

00:00 Treasury Buybacks Explained

00:28 Fed vs Treasury – Key Differences

01:22 How the Treasury Manages Money

02:20 Treasury Bonds, Notes, and Bills

03:40 America’s Growing Deficit

04:17 How Treasury Auctions Work

05:01 Buying and Selling Treasuries

06:07 Why the Government Is Buying Back Debt

07:06 The Credit Card vs Mortgage Analogy

08:11 Why Short-Term Debt Is Replacing Long-Term Debt

09:50 What’s Really Driving Buybacks

11:00 Why the Numbers Don’t Add Up

11:37 Fed Rate Cuts and Short-Term Debt Strategy

13:43 Liquidity Problems in the Treasury Market

15:31 The Real Reason Behind Treasury Buybacks

16:22 Can This Game Keep Going?

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

DINARRECAPS8 9/8/25 DINARRECAPS8 9/8/25

Iraq Economic News and Points To Ponder Monday Afternoon 9-8-25

Iraq Seeks To Increase Its Share Of Global Oil Markets.

Energy Economy News – Baghdad SOMO confirmed that Iraq seeks to increase its production and export share in line with global market needs and balance, as it is the second-largest producer in OPEC.

SOMO General Manager Ali Nizar said, "Iraq possesses exceptional investment opportunities in the oil and gas sector, making it an open market for reputable international companies."

He added, "The company's plans focus on strengthening Iraq's position as a pivotal energy hub by diversifying export outlets, entering into partnerships with global refineries, providing strategic storage sites, and expanding the pipeline network." https://economy-news.net/content.php?id=59799

Iraqi Oil Prices Decline On The Global Market.

Economy | 08/09/2025 Mawazine News - Baghdad - Iraqi oil prices declined on Monday, with the opening of daily trading in the global market.

According to data reviewed by Mawazine News, Basra Heavy crude recorded $64.81 per barrel, while the average recorded $68.01 per barrel, with a change of -0.38 for both.

On the other hand, the data showed an increase in global crude prices, as British Brent crude recorded $66.69 per barrel, while US West Texas Intermediate crude recorded $63.00 per barrel, with a change of +1.18 and +1.12, respectively. https://www.mawazin.net/Details.aspx?jimare=266434

The US State Department Expresses Its Dissatisfaction With Baghdad's Policy Toward The Kurdistan Region.

The head of the Kurdistan Regional Government's Office of Foreign Relations, Safeen Dizayee, announced on Monday that the US State Department had informed the Iraqi government of its dissatisfaction with the policy pursued towards the region.

Dizayee explained that this position is due to the ongoing tensions between Baghdad and Erbil on sensitive issues, most notably the sharing of financial revenues, salaries, and disagreements related to oil agreements. These disagreements hinder cooperation and negatively impact political and economic stability in Iraq in general and the region in particular.

Dizayee indicated that Erbil continues its efforts to strengthen its relations with countries with advanced economic and industrial expertise, such as Thailand, to benefit from their experiences in developing economic sectors.

He also noted that the regional capital is currently hosting more than six economic forums and conferences organized by consulates and embassies from European countries and others from the United States, an indication of international confidence in the region as a stable investment destination. https://www.radionawa.com/all-detail.aspx?jimare=42555

For The Fourth Day, The Dollar Exchange Rate Remains Stable In Baghdad.

Economy | 11:41 - 08/09/2025 Mawazine News – Baghdad The exchange rate of the US dollar against the Iraqi dinar witnessed relative stability on stock exchanges, with a relative decline on some exchanges.

On the Baghdad stock exchange, the selling price reached 143,500 dinars per $100, while the buying price reached 142,900 dinars per $100. However, at money exchanges, the selling price reached 144 dinars and the buying price 142 dinars. https://www.mawazin.net/Details.aspx?jimare=266440

Gold Exceeds $3,600 For The First Time In Its History

Stock Exchange

Spot gold hit an all-time high on Monday, reaching $3,600.46 per ounce, the first time in its history, driven by growing expectations of a Federal Reserve interest rate cut this month following unexpectedly weak employment data last week.

Spot gold was trading at $3,586.81 per ounce at 01:21 GMT. The price of gold rose to a record high of $3,599.89 on Friday.

US gold futures for December delivery fell 0.7 percent to $3,626.10.

"The key factor is the US jobs data and expectations of a 50 basis point rate cut in September. It's a slim chance, but it represents a significant shift compared to the situation before the jobs data," said Kael Rodda, an analyst at Capital.com.

He added, "In general, all factors are pushing gold prices higher at the moment, and despite the surprise inflation data this week, we will see a good test of the $3,600 level."

U.S. employment growth weakened sharply in August, and the unemployment rate rose to a nearly four-year high of 4.3 percent, underscoring the weakening strength of the labor market and strengthening the chances of a Federal Reserve interest rate cut next week.

The gold price currently reflects expectations of a 25 basis point cut this month, with an 8 percent probability of a cut as large as 50 basis points, according to the CME Group's FedWatch tool.

Lowering interest rates reduces the opportunity cost of holding gold and weakens the dollar, making gold cheaper for investors holding other currencies.

Focus now turns to Thursday's US inflation report, which may provide further clarity on the size of the Federal Reserve's expected interest rate cut.

Gold prices have risen 37 percent so far this year, following gains of 27 percent in 2024, driven by a weaker dollar, central bank buying, monetary easing, and prevailing geopolitical and economic uncertainty.

The People's Bank of China added gold to its reserves in August, continuing its purchases of the precious metal for the tenth consecutive month.

Meanwhile, gold traders increased their net long positions by 20,740 contracts to 168,862 contracts in the week ending September 2.

As for silver, its spot price fell 0.5 percent to $40.75 per ounce, while platinum rose 0.1 percent to $1,374.35, and palladium remained unchanged at $1,109.71. https://economy-news.net/content.php?id=59806

Political | 08/09/2025 Mawazine News - Baghdad – President Abdul Latif Jamal Rashid discussed, on Monday, with the Chargé d'Affaires of the United States Embassy to Iraq, Joshua Harris, developing joint cooperation and enhancing dialogue in the capital, Baghdad.

The Presidency said in a statement received by Mawazine News, "The meeting discussed bilateral relations between the two countries and encouraging initiatives that serve the interests of the two friendly peoples. His Excellency the President of the Republic affirmed Iraq's keenness to build balanced partnerships based on mutual respect and common interests."

He continued, "Regional and international developments were reviewed, emphasizing the importance of continuing efforts to achieve regional stability and promote constructive dialogue between various parties."

For his part, Mr. Joshua Harris expressed his pride in representing his country in Iraq, stressing his aspiration to work together to consolidate relations and enhance cooperation in various fields, in a way that contributes to supporting security, stability and prosperity in the region." https://www.mawazin.net/Details.aspx?jimare=266450

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

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SEC Launches Cross-Border Pump-and-Dump Prevention Task Force

The new initiative targets market manipulation schemes and signals future reforms for crypto assets.

A New SEC Task Force
The U.S. Securities and Exchange Commission (SEC) has unveiled a new Cross-Border Task Force aimed at protecting American investors from fraud. The initiative will focus on foreign companies that attempt to skirt U.S. oversight through schemes like pump-and-dump operations.

Good Afternoon Dinar Recaps,

SEC Launches Cross-Border Pump-and-Dump Prevention Task Force

The new initiative targets market manipulation schemes and signals future reforms for crypto assets.

SEC Chair Paul S. Atkins emphasized: “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.”

The task force will consolidate investigative resources and give the SEC broader reach against transnational fraud.

Crypto Reform on the Horizon
Atkins linked the new initiative to the SEC’s Project Crypto, which supports President Donald Trump’s push to make the U.S. the world’s crypto capital. He signaled that the regulator is preparing to overhaul how digital assets are treated under securities law.

“We will work to bring crypto asset distributions back to America. The days of convoluted offshore corporate structures, decentralization theater, and confusion over security status are over,” Atkins said.

He added that the SEC had previously discouraged crypto-based capital raising, pushing innovation offshore. The new approach seeks to reverse that trend and restore opportunities for investors.

Why This Matters
The SEC’s new task force reflects a broader shift: tighter scrutiny on global market manipulation and a coming reset in crypto regulation. For U.S. investors, the message is clear—Washington intends to both protect markets from foreign fraud and position America as the center of digital asset innovation.

@ Newshounds News™
Source: Daily Hodl

~~~~~~~~~

This Week’s US Economic Calendar: CPI, PPI, and Jobs Data to Watch

Markets brace for key reports that could shape the Fed’s September decision and ripple across stocks, gold, and crypto.

Markets Price in Rate Cut
Traders enter the week with high conviction that the Federal Reserve will cut rates at its September meeting. Futures point to a 96–97% probability, bolstered by weak labor market data showing just 22,000 jobs added in August. Bond yields have slipped, equities are climbing, and gold has reached new highs near $3,588/oz.

Tuesday: Inflation Revision
The week begins with a BLS 12-month inflation data revision. If revisions trend higher, it could pressure the Fed and weigh on Bitcoin and Ethereum. Softer numbers may instead provide relief for risk assets.

Wednesday: Producer Price Index
Midweek brings the Producer Price Index (PPI). Rising wholesale prices would signal sticky inflation, a negative for risk assets. A cooler PPI, however, could give crypto markets room for a rebound.

Thursday: CPI and OPEC in Focus
Thursday is the most critical day, with the Consumer Price Index (CPI) for August released alongside OPEC’s monthly oil report. Rising energy costs could intensify inflation concerns, creating a double catalyst for volatility in equities and digital assets.

Friday: Consumer Sentiment and Inflation Expectations
The week ends with the University of Michigan survey, offering a look at consumer sentiment and inflation expectations. Persistent price concerns could dampen market confidence, while optimism might fuel a late-week rally in crypto.

Why This Matters
With inflation still the Fed’s central concern, this week’s data could set the tone for the final quarter of 2025. Traders are watching bonds, commodities, and crypto closely as the Fed’s next move—and broader risk appetite—comes into focus.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

Ripple’s SEC Battle Is Over: Time To Challenge SWIFT?

With legal clarity finally secured, Ripple turns back to its original mission: competing with the world’s dominant payments network.

Ripple Clears Its Legal Hurdle
Ripple has ended its long-running battle with the U.S. Securities and Exchange Commission, bringing long-sought legal clarity to XRP, now trading near $2.93. The settlement removes a major obstacle that has hung over the company since 2020 and allows Ripple to refocus on building its payments network.

How Ripple Compares to SWIFT
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), established in 1973, processes over 53 million messages daily across 220 countries. While SWIFT is deeply entrenched, critics argue its system is outdated:

Transactions often take several days and involve high fees.
One in 10 transactions fails, while one in 20 settles late.
Even with ISO 20022 upgrades by late 2025, many see SWIFT as “legacy tech” reliant on XML.

By contrast, Ripple’s blockchain ledger offers:

Near-instant settlement
Lower costs
Greater transparency and traceability

CEO Brad Garlinghouse has long framed Ripple as a modern alternative to SWIFT, saying as early as 2018 that the company was “taking over SWIFT” by signing banks and remittance firms onto the XRP Ledger.

Why SWIFT Still Holds the Advantage
Despite Ripple’s momentum, the banking sector remains slow to change. Blockchain advocates note that replacing SWIFT’s infrastructure could take 5–7 years and cost hundreds of millions of dollars. Banks continue using SWIFT because it is already universal, trusted, and familiar.

As Ripple’s Cassie Craddock put it, “Scaling to the level of traditional providers requires tackling two key hurdles: usability and regulation.”

The Role of Regulation and Stablecoins
Ripple now benefits from unique legal clarity on XRP, but broader adoption also hinges on regulatory frameworks like the GENIUS Act, which sets rules for stablecoin issuers. Ripple’s own stablecoin, Ripple USD, is being positioned as a bridge between blockchain innovation and traditional finance.

“Stablecoins are simple, pegged to the dollar, and behave like cash,” Craddock noted, adding that this familiarity is key to winning over institutions.

Can Ripple Truly Challenge SWIFT?
SWIFT’s ubiquity is its strongest moat. For Ripple to compete, it must overcome regulatory inconsistencies, risk-averse banks, and skepticism over XRP liquidity. Still, U.S. policymakers are creating space for private digital assets to complement traditional finance — and Ripple is well positioned to benefit.

As Garlinghouse said earlier this year, “The market opportunity is massive in the U.S… there’s an opportunity to modernize the payment systems from SWIFT.”

Why This Matters
Ripple’s victory over the SEC marks a turning point, but SWIFT remains a formidable incumbent. The battle ahead is not legal but structural: convincing banks and regulators that blockchain can deliver efficiency, security, and compliance at global scale.

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Source: Cointelegraph

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Iraq Economic News and Points To Ponder Late Sunday Evening 9-7-25

Between Revenue Promises And Deficit Realities... What Does Increasing Iraq's Oil Share Mean?

Baghdad Today – Baghdad Iraq's eyes are once again turning to oil markets, where every adjustment to production quotas represents a potential opportunity to alleviate the financial pressures weighing on the budget.

With an annual deficit exceeding tens of trillions of dinars, and a rising wage bill and government subsidies, any increase in oil revenues appears to be a temporary respite that allows Baghdad to cover its urgent obligations.

Economist Nabil Al-Marsoumi explained in a Facebook post, followed by Baghdad Today, that
"OPEC Plus will add 137,000 barrels per day to its production starting next October, and that Iraq's share will increase by 17,000 barrels per day, bringing its total production to 4,137,000 barrels per day,"  indicating limited gains that could help alleviate part of the growing deficit.

The increase indicated by Al-Marsoumi came following a virtual meeting of eight OPEC+ countries, including:
Saudi Arabia,
Russia,
Iraq, the
UAE,
Kuwait,
Kazakhstan,
Algeria, and
Oman.

The joint statement issued by the meeting emphasized "commitment to market stability in light of declining inventories and a stable global economic outlook," and emphasized that the production adjustment of 137,000 barrels per day represents part of a gradual return from previous voluntary cuts that began in 2023.

Analysts believe this move reflects the group's desire to maintain price balance without shocking the market.

But the most important question for Iraq, as experts pose, is:

To what extent will this limited increase in production be reflected in reducing the fiscal deficit?

Experts assert that "increased revenues may give Iraq a little breathing room,"but the reality reveals that any increase remains conditional on stable oil prices on global markets and on Baghdad's ability to manage resources without waste.

Given the country's continued reliance on oil as its primary source of revenue,
    the economy remains vulnerable to fluctuations, and
    fear persists that any price crisis could turn into a new financial burden.

This logic brings to the forefront criticisms of the nature of Iraq's rentier economy.

Additional revenues, while important, do not necessarily address the deep structure of the economy.

Analysts believe that the near-exclusive reliance on oil revenues makes the country hostage to
OPEC+ decisions and global market prices, leaving economic development dependent on external circumstances rather than domestic production capacity.

The question here is repeated:
Is it enough for Iraq to "breathe a little" whenever its production share increases?

Or does the deeper problem lie in the absence of an economic strategy that addresses the structural deficit, independent of oil revenues?

In addition to these concerns, risks related to international politics are also present.

Iraqi oil-exporting companies, most notably SOMO, may be subject to further pressure after the United States recently imposed sanctions on Iraqi businessmen accused of "mixing and smuggling Iranian oil with Iraqi oil."

Experts warn that any sanctions targeting SOMO could undermine the gains from the anticipated increase in production and put Iraq directly at odds with new complications related to accessing global markets.

Between a slight increase in production, ongoing financial pressures, and growing political risks, the Iraqi landscape remains gripped by a complex paradox: additional revenues capable of temporarily reducing the deficit, a rentier economy that reproduces its crises with every oil cycle, and an international system that closely monitors and clamps down on any loopholes in smuggling and oil mixing. https://baghdadtoday.news/282724-.html

Iraq's Oil Exports To The US Achieve Weekly Gains.

Economy | 07/09/2025 Mawazine News - Follow-up : Iraqi oil exports to the United States increased last week.
The US Energy Information Administration said that "US crude oil imports from nine major countries averaged 5.859 million barrels per day last week, up 169,000 barrels per day from the previous week, which averaged 5.690 million barrels per day."

It added that "Iraq's oil exports to the US averaged 303,000 barrels, up 166,000 barrels per day from the previous week, which averaged 137,000 barrels per day."

It continued, "The largest oil revenues to the US last week came from Canada, at an average of 3.836 million barrels per day, followed by Mexico, at an average of 407,000 barrels per day, Saudi Arabia, at an average of 325,000 barrels, and Colombia, at an average of 321,000 barrels per day." https://www.mawazin.net/Details.aspx?jimare=266362

Ministry Of Planning: The Development Plan Focused On Activating Non-Oil Revenues.
Buratha News Agency144 2025-09-06 The Ministry of Planning confirmed, on Saturday, that the five-year development plan is flexible and responsive to variables, including economic, security and climate crises, and gives priority to service projects, noting that the development plan focused on activating non-oil revenues.

The spokesperson for the Ministry of Planning, Abdul Zahra Al-Hindawi, told the official agency, “Planning takes into account all variables and sets the worst possible scenarios for occurrence, in order to at least reduce their effects and overcome them.

” He explained that “the five-year development plan, which was launched at the end of last year and extends until 2028, took into account global changes, price fluctuations and the state of (uncertainty) resulting from political crises and wars, all of which have their effects on Iraq, given that it is part of the global system that is affected and is affected through imports, exports and oil.”

He added, "The ministry has moved towards activating non-oil activities, such as agriculture, industry, and tourism, in addition to developing the tax system and maximizing revenues from various sources, to reduce the impact of global and even domestic variables.

He emphasized, "The plan was developed to be flexible, applicable, and participatory, and we have identified two main paths in it: innovation in addressing problems, and programming development action, thus achieving a balance between variables and constants."

Al-Hindawi also pointed out that “the Ministry of Planning includes projects within plans, whether regional development plans for governorates or the investment program for ministries and entities not affiliated with a ministry. No project is implemented unless it is included within the plan by the ministry, after preparing a feasibility study.

” He pointed out that “the project that is included and implemented by the relevant entity, the ministry’s task is to follow up on implementation and point out any errors or deviations, and then issue letters and directives to the relevant entities regarding the reasons for the delay.”

He also explained that "some projects are stalled due to problems between the implementing company and the beneficiary, and these are factors the ministry is working to address in coordination with relevant authorities." He emphasized that "the ministry is working in light of the government program and its priorities, as the program has given priority to projects of a service nature, such as sewage, water, and school projects."

Al-Hindawi also stressed that “education comes first, followed by road projects, then industrial and agricultural projects,” explaining that “priorities are also determined based on the development gap between one governorate and another.

If a governorate suffers from a problem with sewage networks, this sector is given priority, while if another governorate suffers from a problem with drinking water, water projects are given priority. All of this is done based on the development and spatial gap in services and projects.” https://burathanews.com/arabic/economic/464719

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