Iraq Economic News and Points To Ponder Monday Afternoon 10-6-25

Imminent Economic Explosion
 
Smuggling dollars under the guise of gold is pushing the mithqal toward "one million," and popular concern is growing about the collapse of purchasing power.

Economy / Special Files | Baghdad Today – Baghdad   Iraq is witnessing a complex gold crisis in early fall 2025, combining two main dimensions: the first is the record-breaking rise in gold prices both locally and globally, with the price of a mithqal approaching one million dinars; the second is the use of imports as a cover for smuggling dollars abroad.

This dual equation has placed the Iraqi economy under increasing pressure, threatening monetary and social stability at a time of escalating regional tensions and increasing fragility in global markets.

Economic expert Nasser Al-Kanani explained to Baghdad Today that "the price of a mithqal of gold has reached unprecedented levels, approaching one million dinars, sparking widespread concern among citizens and traders.

This sharp rise is linked to intertwined internal and external factors, most notably the rise in global gold prices as a result of geopolitical tensions and slowing economic growth, in addition to the decline in the value of the Iraqi dinar against the dollar due to speculation and the scarcity of hard currency in the local market."

Al-Kanani points out that the increased demand for gold locally as a safe haven for storing money amid financial market instability has contributed to the amplification of the crisis, especially given the absence of clear fiscal policies and weak oversight mechanisms for goldsmith markets. These factors have raised the costs of marriage and popular savings to unprecedented levels, reflecting the profound social dimensions of the economic crisis.

For his part, economic expert Ahmed Al-Tamimi confirmed to Baghdad Today that the import operations themselves have turned into a means of smuggling hard currency.

 Al-Tamimi told Baghdad Today, "Recently, we have witnessed gold imports from the UAE and Turkey more than in previous periods, which indicates the presence of dollar smuggling operations through such import operations, especially since the dollar for these operations is exchanged at the official rate via a special platform, which generates significant profits for some of these smugglers."

Al-Tamimi stressed that "there must be strict controls on gold imports from abroad, and imports must be according to specific weights and timescales between each transaction." He warned that the continuation of this pattern could lead to "renewed US measures on the dollar in Iraq."

According to economic estimates, the continued exploitation of the official dollar platform for imports exposes Iraq to additional pressure on the financial system and increases the likelihood of international restrictions or sanctions.

Independent MP Kazim Al-Fayyadh revealed in an interview with Baghdad Today that "there are fake and non-fake companies working to smuggle currency in various illegal ways, some of which were uncovered by the competent authorities in recent times.

" Al-Fayyadh added that "despite the tightening of security and oversight by the Central Bank and other agencies, these companies are still working to smuggle currency, and this is considered the most prominent reason for the continued rise of the dollar in the parallel market."

The statements reflect the nature of the overlap between economics and politics, as some of these companies operate under the cover of influential parties, which complicates the task of oversight and security agencies and makes smuggling a persistent phenomenon despite government campaigns.

The Parliamentary Security and Defense Committee, for its part, announced the implementation of a series of operations against currency smuggling mafias. Committee member MP Yasser Iskandar Witout told Baghdad Today, "Smuggling hard currency in all its forms drains the country's economic capabilities and leads to pressure on markets by raising the exchange rate, which in turn leads to higher prices.

" He added, "Six operations carried out in recent months represent qualitative strikes against hard currency smuggling mafias in Iraq, and they have borne fruit." However, he stressed that "smuggling has not ended yet, and efforts are ongoing to end it."

These attacks reveal an ongoing confrontation between state institutions and parallel economic networks. Security interventions have partially curbed the phenomenon, but the absence of long-term institutional solutions allows it to return in various forms.

From these data, it's clear that gold in Iraq has transformed from a mere consumer and investment commodity into a strategic asset reflecting broader crises. While the state benefits from the increased value of its gold reserves and the strengthening of the central bank's monetary position, society is paying a heavy price through price hikes and declining purchasing power, while imports become parallel channels for dollar smuggling.

Independent research estimates confirm that any radical solution requires linking fiscal and monetary policies with security measures, rebuilding oversight mechanisms for gold trade and imports, and providing citizens with alternative savings instruments that reduce their reliance on gold alone. Without these steps, gold in Iraq will remain a symbol of a double crisis: official gain and popular loss.

Source: Baghdad Today Monitoring and Follow-up Department   https://baghdadtoday.news/284526-.html

Iraq Is The First Arab Country To Buy Gold.

Money and Business  Economy News – Baghdad   The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Monday that Iraq has become the Arab world's leading buyer of gold. He also noted that Iraq is working to localize the gold and jewelry industry within the country by launching the Global Gold City project.

Saleh said, "The Global Gold City, recently approved by the Council of Ministers in the capital, Baghdad, is expected to be completed within two to five years, with partial and gradual activation of the city beginning immediately under the supervision of the Ministry of Trade and in coordination with the National Investment Commission, which granted the land and investment license."

He added, "This city is expected to bring about a qualitative shift in regulating the gold and jewelry trade in Iraq in accordance with international standards, through the establishment of a transparent exchange, accredited laboratories, strict quality controls, and anti-money laundering measures, including monitoring gold sources and trading records, within a clear legislative and regulatory framework, including licensing laws, industry standards, and oversight mechanisms."

He emphasized that "the project's goal is to localize the gold and jewelry industry within Iraq, instead of its continued reliance on imports. It also aims to provide job opportunities and vocational training for Iraq's growing human capital, interested in crafting gold according to international standards."

Saleh continued, "The project is currently in the preparation and implementation phase, including land allocation, issuing investment licenses, preparing infrastructure, and establishing relevant factories and laboratories, all under the direct supervision of the Ministry of Commerce."

He explained that "the project is being implemented within the concept of an 'integrated economic city,' which will enhance Baghdad's position as a regional center for the gold and jewelry industry and trade, as well as raise Iraq's ranking on global gold exchanges."

He pointed out that "Iraq ranked first in the Arab world in gold purchases, according to 2024 statistics, with imports ranging between 50 and 70 kilograms flowing into the country daily."https://economy-news.net/content.php?id=60812

Gold Prices Rise To Record Highs In Baghdad 

Economy | 12:37 - 06/10/2025  Mawazine News – Baghdad  Gold prices in global and local markets recorded a significant increase on Monday, as the price of a 21-karat gold mithqal approached the 800,000 Iraqi dinar barrier.
The following is a breakdown of gold prices:

A 21-karat mithqal is 798,000 Iraqi dinars.          An 18- karat mithqal is 684,000 Iraqi dinars.
A 22-karat mithqal is 836,000 Iraqi dinars.          A 24-karat mithqal is 912,000 Iraqi dinars.
https://www.mawazin.net/Details.aspx?jimare=267915

Iraq Increases Gold Reserves To163 Tons

IRAQ Amr Salem October 5, 2025  Baghdad (IraqiNews.com) – The Prime Minister’s Advisor for Financial Affairs, Mazhar Saleh, revealed on Saturday that Iraq’s gold holdings have climbed to around 163 tons.

In a statement to Rudaw News, Saleh explained that the country’s gold reserves have climbed dramatically to 163 tons compared to 152.6 tons in October 2024.

The increase in these assets demonstrates Iraq’s strong financial and economic stability, according to Salih, who added that Baghdad’s significant reserves attract international investment and provide a long-term economic infrastructure for the country.

The World Gold Council announced in early September that Iraq’s gold reserves had remained stable.

According to the council’s most recent assessments, Iraq has made no gold purchases since the beginning of 2025. The council highlighted that it remained in 29th place internationally with the highest gold reserves.

Iraq’s gold holdings amounted to 162.7 tons, or 16.9 percent of its total foreign reserves.

Furthermore, following Saudi Arabia, Lebanon, and Algeria, Iraq kept its fourth rank among Arab countries.

In response to growing economic and geopolitical threats, central banks worldwide are increasing their holdings of bullion.

The country’s gold reserves increased by 45.1 percent in the fourth quarter of 2024 compared to the same period in 2023, according to data released earlier in March by the Central Bank of Iraq (CBI).

Iraq’s gold holdings show the country’s continued efforts to diversify its foreign reserves while also improving long-term financial and monetary stability.    https://www.iraqinews.com/iraq/iraq-increases-gold-reserves-to163-tons/

Basra crude prices rise in line with rising global oil prices.

Monday, October 6, 2025, | Economics  Reads: 218  Baghdad/ NINA / The prices of Basra Heavy and Medium crude oils rose in conjunction with the rise in global oil prices.

Basra Medium crude oil rose to $64.76 per barrel, while Basra Heavy crude oil recorded $63.21 per barrel, with a change rate of -0.98 for both.

Globally, Brent crude oil rose to $65.42 per barrel, while US West Texas Intermediate crude oil recorded $61.67 per barrel, with a change rate of +0.87 and +0.89, respectively.  https://ninanews.com/Website/News/Details?key=1255545

The Dollar Continues To Stabilize In Local Markets In Baghdad.

Economy | 06/10/2025  Mawazine News - Baghdad -  The US dollar exchange rate witnessed remarkable stability against the Iraqi dinar in local markets on Monday.  The selling price reached 142,500 dinars for $100, while the buying price reached 140,500 dinars for $100.  https://www.mawazin.net/Details.aspx?jimare=267913

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

Seeds of Wisdom RV and Economics Updates Monday Afternoon 10-6-25

Good Afternoon Dinar Recaps,

South America Signals Readiness to Join the BRICS Payment System

Latin America edges closer to a post-dollar trade era as BRICS expands its financial reach toward the Western Hemisphere.

A Regional Shift Toward Multipolar Finance

  ● Russia’s Deputy Foreign Minister Sergey Ryabkov confirmed that South American nations are ready to adopt the BRICS cross-border payment initiative — a bold expansion of the bloc’s financial architecture.
  ● This comes as BRICS accelerates its Economic Partnership Strategy through 2030, designed to move global trade beyond U.S.-centric clearing systems. 
  ● The initiative was formally discussed during the 2025 BRICS Summit, with Brazil — the current chair — playing a central coordination role.

Ryabkov’s remarks at the “Russia and Ibero-America in a Turbulent World” conference underscore that this is not theoretical diplomacy — it’s practical infrastructure building.

BRICS Payment Initiative: A New Trade Architecture

  ● The cross-border payment platform, expected to be operational by 2030, will allow settlements in local currencies, gold-linked assets, or digital tokens anchored to BRICS reserves.
  ● Latin American adoption would be transformative, connecting commodity-rich nations to an alternative settlement grid beyond SWIFT.
  ● Energy exporters like Brazil, Venezuela, and Argentina could gain new leverage — trading oil, lithium, and agricultural products without routing through the dollar.

This is not just technical evolution — it’s monetary sovereignty in motion.

The Dollar’s Strategic Challenge

If South America and Africa both integrate with the BRICS system, the U.S. dollar’s dominance could face structural erosion:

  ● Fewer trade settlements in USD would reduce global demand for Treasuries, tightening U.S. liquidity.
  ● The Federal Reserve’s influence on international money flows would diminish as BRICS rails expand.
  ● Dollar-centric inflation control would weaken — undermining Washington’s fiscal stability.

The Federal Reserve’s challenge is existential:
keeping the dollar at the center of trade is not just policy — it’s survival.
And BRICS knows this.

Why Latin America’s Participation Matters

  ● The Western Hemisphere has long been Washington’s financial sphere, dominated by IMF and SWIFT channels.
  ● A shift toward BRICS rails represents a quiet geopolitical reversal, where the South American bloc aligns financially with Eurasia rather than the U.S.
  ● It also cements Brazil’s dual identity — a founding BRICS member and a regional bridge for new trade architecture.

Such participation could ignite a continental ripple effect, pulling in neighbors seeking stable trade alternatives and access to Chinese, Indian, and Russian markets.

Africa, Asia, and the Expanding BRICS Web

  ● Parallel negotiations are under way across Africa, where nations like Egypt, Ethiopia, and South Africa are already testing settlement models within the BRICS ecosystem.
  ● Asia’s mid-tier economies — Indonesia, Malaysia, and Thailand — are also building bridges to BRICS’ payment protocols.
  ● Together, these efforts amount to a slow-motion but deliberate realignment of global monetary power away from Western institutions.

This network of interoperable payment systems is laying the groundwork for a post-Bretton Woods financial order.

Why This Matters

The BRICS-South America integration isn’t just another diplomatic headline — it’s a real-world step in dismantling the dollar monopoly.
If implemented by 2030, it could reshape how trade, credit, and reserves flow across the Global South — and eventually the world.

This movement reveals an unavoidable truth: global finance is no longer controlled from a single capital.
Power is diffusing — technologically, economically, and politically.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources: 
• Watcher.Guru – South America Ready to Accept the BRICS Payment System
• TASS – Latin America Shows Rising Interest in BRICS
• Atlantic Council – Global South Payment Integration Strategies
• Reuters – BRICS Economic Partnership Through 2030
• IMF Data Portal – Currency Settlement Trends in Emerging Markets

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“Tidbits From TNT” Monday 10-6-2025

TNT:

Tishwash:  Launch of the "World Investor Week" conference

Under the patronage of Prime Minister Mohammed Shia Al-Sudani, and in the presence of the Chairman of the Securities Commission, Faisal Al-Haimus, the activities of the "Global Investor Week" conference and the "21st Anniversary of the Establishment of the Securities Commission" were launched, under the slogan "Towards an Advanced Financial Market - Iraq's Economic Vision 2030".

The conference was attended by a number of advisors, advisors to the Prime Minister, undersecretaries of ministries, general managers, a number of heads of bodies and entities not affiliated with a ministry, as well as departments concerned with financial investment and an elite group of investors.

The conference aims to introduce the pioneering role of the Securities Commission in enhancing transparency and developing Iraqi financial markets, and to honor distinguished and creative employees in the Securities Commission.

The Chairman of the Securities Commission, Faisal Al-Haimus, reviewed the work of the Commission, its achievements and aspirations for a better investment future.

The guests praised the work of the Commission, its development and its great achievements that serve the interest of the Iraqi economy, drive the wheel of investment forward, attract investors and stimulate the participation of the private sector in the service of the public interest.

The conference included live dialogue sessions in which the participants discussed It contains various issues related to financial investment.  link

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Tishwash: Iraqi parliament to continue work through election period: Lawmaker

 Iraq said on Saturday that dissolving the current parliament is not under consideration and that lawmakers will continue their duties until early January, as elections are due to be held in nearly a month.

"The House of Representatives will continue its work and full powers until January 8, 2026, in accordance with the law,” Rebwar Hadi, head of the parliamentary legal committee, told the state-run Iraqi News Agency (INA), noting that "the current parliamentary term began on January 8, 2022."

Campaigning for Iraq's November electoins commenced on Friday and will run until November 8.

Posters and banners have already dominated streets across the country as nearly 7,800 candidates compete for 329 seats. More than 21 million voters are eligible to cast their ballots.

A total of 31 alliances, 38 parties, 23 independent candidates, and 56 quota seat contenders are participating, according to data from Iraq’s Independent High Electoral Commission (IHEC). Of the 7,768 total candidates, 5,520 are men and 2,248 are women. The 329-member parliament includes 320 general seats and nine reserved for minority groups.

Hadi added that holding elections “does not mean the end of the work of the House of Representatives, except in one case according to Article 64 of the constitution (dissolution of the House of Representatives), and this is not currently on the table, and there is no time left to dissolve," the legislative body.

Article 64 of the Iraqi Constitution stipulates that parliament may be dissolved before the end of its term either by an absolute majority vote from its members or upon a joint request by the prime minister and president. The article also bars dissolution while the prime minister is under questioning.  link

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Tishwash:  Iraqi Embassy in Amman Celebrates Iraq’s 93rd National Day

Amman, Oct. 5 (Petra) -- The Iraqi Embassy in Amman hosted a reception on Saturday evening to celebrate the 93rd National Day of the Republic of Iraq, drawing a distinguished crowd from across Jordan's political, diplomatic, and business circles.

The event was attended by Speaker of the Lower House of Representatives Ahmed Safadi, Minister of State for Foreign Affairs Nancy Namrouqa, numerous ambassadors and heads of diplomatic missions, business figures, and members of the Iraqi diaspora in Jordan.

The evening opened with the national anthems of Jordan and Iraq, followed by a short documentary recalling Iraq’s accession to the League of Nations in 1932, a historic milestone now commemorated as the country’s national day.

In his address, Iraqi Ambassador to Jordan Omar Al-Barzanji underscored the deep-rooted ties between Iraq and Jordan, reaffirming Baghdad’s commitment to strengthening bilateral cooperation across various sectors.

The ambassador also acknowledged the care and support extended to the Iraqi community in Jordan, expressing appreciation for the leadership of His Majesty King Abdullah II and Jordan’s role in promoting Arab solidarity.

The celebration featured traditional Iraqi music and patriotic songs, offering a cultural tribute to Iraq’s heritage and resilience.  link

Mot:  . Soooo Many -- Just Don't Get it!!!! ---

Mot: These Questions Siiggghhhh   

Seeds of Wisdom RV and Economics Updates Monday Morning 10-6-25

Good Morning Dinar Recaps,

Why Governments Are Falling in 2025: Alarm Bells for Global Order
As states unravel, the ripples are shaking the stability of the global system itself.

Recent Collapses & Political Crises

  ● France’s abrupt government collapse — Prime Minister Sébastien Lecornu resigned just hours after naming his cabinet, unable to form a coalition or instill confidence.
  ▪ Markets reacted sharply: the CAC 40 fell ~2%, French government bonds yields spiked, and investor confidence wavered. 
  ● Netherlands’ recent government fall — Earlier in 2025, the Dutch coalition collapsed when Geert Wilders pulled support over immigration disagreements. 
  ▪ The Dutch government became caretaker, delaying reforms and weakening institutional capacity. 

These are not isolated incidents — they signify growing fragility in established democracies under pressure.

Underlying Fault Lines

  ● Fiscal strain & debt overload — In France’s case, public debt exceeds 114% of GDP, magnifying backlash over austerity and structural reforms. 
  ● Political fragmentation — Weak majority coalitions, antagonistic parties, and ideological chasms prevent durable governance.
  ● Social backlash — Massive protests, strikes, and the "Bloquons Tout" movement in France reflect public rage over inequality and austerity.
  ● Loss of trust in central authority — When people believe institutions no longer represent them or deliver, legitimacy erodes.

Countries at Risk & Systemic Pressure

It’s not just Europe. Across many regions:

• Fragile democracies, states with high debt burdens or external dependency are especially vulnerable.

• Countries with large social welfare systems (e.g. in Latin America, parts of Asia) might reach breaking points under recession, inflation, or fiscal tightening.

• Authoritarian states that appear stable may hide internal fault lines (economic inequality, legitimacy, local governance breakdowns) that could surface under stress.

The broader pressure is toward rethinking sovereignty, fiscal control, and regional alignment.

Global Consequences & Financial Restructuring

  ● Risk premium & capital flight — Governments in instability see borrowing costs soar, capital seek safer jurisdictions, and credit spreads widen.
  ● Fragmentation of financial zones — States losing faith in global institutions may migrate toward regional or bloc-based systems (BRICS, ASEAN, etc.).
  ● Shifting reserve strategies — Countries might hedge by reducing exposure to foreign-denominated debt or assets, increasing gold or alternative reserve holdings.
  ● Erosion of dollar hegemony — Weakness in key Western states may accelerate de-dollarization: new payment rails, reserve currencies, and credit systems.

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Why This Matters / Key Takeaway

Governments are buckling not merely because of policy mistakes — they're being strained by structural contradictions of the old world order.
As traditional powers falter, the spaces open for new financial architectures and regional blocs that bypass legacy systems.

When governments fall, it's not chaos — it's the unraveling of an order being replaced.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources & Further Reading
• Reuters 
• The Guardian 
• Reuters
• Al Jazeera
• Le Monde.fr
• Wikipedia

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Elon Musk Warns of “Judicial Tyranny”: A Crisis of Democracy and Global Governance

When unelected judges can block elected leaders, the balance of power—and public trust—begins to fracture.

Judicial Power and Executive Paralysis in the U.S.

Elon Musk has ignited fierce debate after warning that America may be facing a “tyranny of the judiciary.”

“If ANY judge ANYWHERE can block EVERY Presidential order EVERYWHERE, we do NOT have democracy — we have TYRANNY of the JUDICIARY,” Musk posted.

The comment followed a wave of legal challenges to President Trump’s executive orders, with multiple federal judges issuing nationwide injunctions. Musk’s point: when a single unelected judge can halt an elected leader’s policy across all fifty states, the balance of power collapses.

Supporters of Musk’s view argue that judicial overreach undermines the will of the voters and stalls government function. Critics counter that these injunctions are a vital safeguard—especially when executive orders risk overstepping constitutional bounds.

Yet the deeper issue Musk highlights goes beyond politics. It speaks to the erosion of executive authority and the increasing rule of unelected arbiters in systems meant to be democratic.

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Global Echoes: Courts Challenging Leaders Abroad

This judicial tension is not uniquely American. Across the world, similar clashes are emerging:

• Europe: National governments from France to Italy have seen immigration, climate, and trade policies blocked or rewritten by EU courts and domestic tribunals.

• Israel: Massive protests erupted in 2024 over proposed judicial reforms, as citizens and leaders fought over whether courts should have power to strike down laws passed by elected officials.

• Asia and Latin America: In nations like Pakistan and Brazil, courts have intervened to freeze reforms, budgets, or even electoral outcomes—raising questions about democratic legitimacy and elite control.

In every case, unelected institutions are increasingly steering national destiny, often overriding voter mandates. What Musk calls “judicial tyranny” reflects a broader global trend—the weakening of executive governance in favor of institutional gatekeepers.

The Deeper Shift: Institutional Fragmentation and Distrust

The struggle between judiciary and executive branches signals a deeper fracture—the loss of public confidence in the very systems meant to protect democracy.

• Citizens feel disempowered when court rulings override their votes.

• Leaders feel paralyzed by legal walls built to prevent decisive governance.

• Economies and foreign policy stall as institutional conflicts multiply.

This isn’t merely about courtrooms and constitutions. It’s about the architecture of power shifting in real time—from elected bodies toward bureaucratic, legal, and financial arbiters who answer to few.

As trust collapses, nations turn inward or toward parallel systems—digital, financial, or geopolitical—to regain control. That shift is now evident across Western democracies, BRICS nations, and global markets.

Why This Matters

Elon Musk’s warning lands at a pivotal moment. Whether one agrees with his phrasing or not, his core message resonates worldwide: when authority becomes fragmented and unelected institutions dictate outcomes, democracy itself becomes performative.

These growing fractures don’t just shape politics—they reshape economies, currency systems, and global alignments.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources:
• Fox News: Musk blasts judges for blocking Trump’s executive orders
• Pacific Legal Foundation: Trump and Musk wrong to threaten judges with impeachment
• Reuters: Musk, Trump allies ratchet up rhetoric against judiciary

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Iran Approves Currency Redenomination: Removing Zeros as a Signal of Reset

In the midst of sanctions and economic collapse, Iran is cutting four zeros from the rial — a calculated step toward restoring confidence amid deep structural stress.

What the Reform Entails

  ● Parliament greenlighted removing four zeros, converting 10,000 old rials into 1 new unit (toman or renamed rial) over a multi-year transition. 
  ● The central bank has up to two years to prepare, followed by a three-year dual-currency period where old and new notes coexist. 
  ● Inflation has chipped away at the rial’s utility — it traded at roughly 1,150,000 rials per U.S. dollar, making ordinary transactions cumbersome. 

While the move simplifies accounting and daily commerce, critics warn it is superficial unless anchored in real macroeconomic change. 

Why Iran Is Pushing This Now

• Sanctions and economic isolation have pushed the rial into collapse; redenomination is partly an attempt at a psychological reset.

• The reform comes as Tehran seeks to reenter global finance and present a cleaner monetary posture ahead of potential diplomatic openings.

• In 2025, Iran also took steps toward joining global financial crime conventions to exit blacklist status. 

Yet the central tension remains: relabeling numbers won’t stop inflation nor repair structural deficits.

Are Others Following Suit? Iraq & Beyond

• Iraq has floated the idea of removing zeros in the past to simplify transactions, though no official plan has advanced recently. 

• The Iraqi Central Bank has also reduced the supply of dinars recently, a smaller action hinting at internal monetary prudence. 

• Nigeria redesigned its naira in 2022 to curb counterfeit usage, though not a zero-cut.

• In Syria, reports suggest considerations to drop zeros from the pound, though nothing official has been confirmed. 

None of these cases, however, are as drastic as Iran’s plan — and none (yet) carry the same geopolitical weight.

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

How This Fits Into the Global Restructuring

• Redenomination is a powerful signal in a world where monetary legitimacy is fracturing — as governments seek to reclaim sovereignty over broken currencies.

• In China, India, and BRICS states, alternative reserve strategies (gold, digital currencies) are being built. Iran’s move fits into the broader vision of decentralizing fiat dominance.

• If the U.S. dollar’s dominance weakens, more states may see redenomination as a reset tool — but only if they control the underlying fiscal and monetary levers.

When a country changes its currency’s expression, it’s not just form over function — it’s a push against inherited systems.

Why This Matters / Key Takeaway

Iran’s approved zero-cut is more than cosmetic. It’s a bold statement of intent — that the old arithmetic, the old system, is no longer viable.

For the change to stick, Iran must tackle inflation, liquidity, sanctions, and structural reforms. Without that, the new currency may be just a veneer.

As Iran steps toward this reset, the ripple effect could reach nations struggling under heavy debt, weak fiat, or external pressure — giving them a playbook for monetary autonomy.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources:
• Reuters – Iranian parliament approves currency redenomination 
• AlEstiklal – Removing Four Zeros: What It Means 
• Reuters – Iran takes step toward financial watchdog compliance 
• Iraq Business News – Iraq revaluation talks and surveys 
• Iraq Business News – Reduced issuance of Iraqi dinars 
• Wikipedia – Iranian rial history & redenomination proposals 

~~~~~~~~~
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MilitiaMan and Crew: IQD News Update-Iran-Borders-Deletion Zeros-Global Timing

MilitiaMan and Crew: IQD News Update-Iran-Borders-Deletion Zeros-Global Timing

10-5-2025

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=XM9dVmekL_k

Iraq Economic News and Points To Ponder Sunday Afternoon 10-5-25

Gold Prices Rise Slightly In Baghdad Markets.

Money and Business   Economy News – Baghdad   Iraqi and foreign gold prices saw a slight increase on the Baghdad Stock Exchange today, Saturday.

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of one mithqal of 21 karat Gulf, Turkish and European gold at 775 thousand dinars, and a purchase price of 771 thousand, while last Thursday’s prices recorded 772 thousand dinars.

Mawazine News – Baghdad   : The dollar exchange rate stabilized in local markets in the capital, Baghdad, on Sunday.   The selling price reached 142,500 dinars per $100, while the buying price reached 140,500 dinars per $100.   https://www.mawazin.net/Details.aspx?jimare=267834

Iraqi Oil Exports To The US Exceed 4 Million Barrels Despite The Decline.

Economy | 10:42 - 05/10/2025   Mawazine News - Follow-up  The U.S. Energy Information Administration announced that Iraq's crude oil exports to the United States amounted to more than 4.2 million barrels during September, down from about 7.9 million barrels in August.

The administration explained that Iraq ranked sixth among the largest exporters to the United States and second among Arab countries after Saudi Arabia, whose exports amounted to 7.29 million barrels, while Libya ranked third with 3.03 million barrels.    https://www.mawazin.net/Details.aspx?jimare=267833

Decline In Iraqi Market Indices, With Trading Worth 777 Million Dinars

Stock Exchange  Economy News – Baghdad   The Iraq Stock Exchange recorded a slight decline in the general index during today's session, Sunday.   The ISX 60 closed at 965.71 points, down 0.15%, or 1.44 points.

The ISX 15 index also fell to 1,128.13 points, compared to the previous close of 1,131.26 points, recording a decrease of -0.28%, equivalent to 3.13 points.   The trading value of traded shares exceeded 777 million dinars through the listing of 979 transactions.    https://economy-news.net/content.php?id=60762

OPEC+ Countries Decide To Increase Oil Production By 137,000 Barrels Per Day.

Buratha News Agency802025-10-05    The eight OPEC+ member states announced they had agreed to raise their oil production ceiling for November by 137,000 barrels per day compared to October.

This decision was made at a virtual meeting held on Sunday by OPEC+ member states that had previously voluntarily reduced their production: Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, the United Arab Emirates, Oman, and Algeria.

According to the meeting's results, Kazakhstan will be able to increase its oil production in November to 1.563 million barrels per day, while Iraq's production will rise to 4.255 million barrels per day.

Russia will increase oil production in November by 41,000 barrels per day, reaching 9.532 million barrels per day, while Saudi Arabia's production will rise to 10.061 million barrels per day.

OPEC+ said in a statement: "Given the strong global economic outlook and current favorable market conditions, reflected in declining oil inventories, the eight participating countries have decided to adjust their production by 137,000 barrels per day, compared to the additional voluntary cuts of 1.65 million barrels per day announced in April 2023. This adjustment will be implemented in November 2025."

The statement indicated that the countries will continue to assess market conditions and reiterated the importance of adopting a cautious approach and maintaining full flexibility – as participants can suspend or cancel oil production increases, including lifting the voluntary 2.2 million barrels per day cap.  The next meeting of the eight member states is scheduled for November 2.   http://burathanews.com/arabic/economic/466075

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

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 10-5-25

Good Afternoon Dinar Recaps,

Central Banks Prepare for BRICS Gold Standard Amid Dollar Distrust

As dollar confidence wanes, central banks are accumulating gold and laying the infrastructure for a new monetary paradigm.

Record Accumulation Signals a Shift

  ● In 2024, central banks globally added over 1,000 tonnes of gold, a rate not seen in recent history.
  ● Even Western institutions are reacting: Germany and Italy are reconsidering the safety of storing their gold overseas (in New York or London). 
  ● Some nations (e.g. China, Nigeria) are actively repatriating bullion stored abroad, reflecting concerns about access and control. 

These moves aren’t mere hedges — they’re strategic repositioning in a world where reserve assets can be politicized.

Gold-Backed Settlement & Payment Infrastructure

  ● BRICS Pay and other gold-settlement systems are being envisioned to bypass dollar-based infrastructure. 
  ● Some energy trades among BRICS nations are already settled partly in gold — a practical testing ground for a broader gold-backed model. 
  ● These systems won’t appear overnight, but parallel rails and architecture are being built system by system, not by sudden leaps. 

Gold has advantages: no counterparty risk, no political strings, immunity from permissioned interference.

Strategic Positioning Across Major Economies

  ● Russia, China, India, and other central banks are boosting gold reserves to reinforce their financial sovereignty. 
  ● Gold has overtaken the euro in terms of reserve share in some central bank portfolios, signaling shifting trust in fiat assets. 
  ● This is defensive more than speculative — central banks are preparing for fractures in the dollar system, not necessarily rallying behind gold’s price. 

Challenges & Realism in the Transition

  ● Not all BRICS or allied states will join a full gold standard — many prefer hybrid systems and gradual adoption. 
  ● Brazil’s central bank director has cautioned that BRICS doesn’t currently hold assets large enough to overtly rival the dollar in the near future. 
  ● Trust, liquidity, legal frameworks, and gold distribution logistics remain major obstacles.

These structural challenges mean any shift will unfold gradually — not overnight — but intention and groundwork are clear.

Why This Matters / Key Takeaway

Central banks are no longer passively managing gold — they’re actively repositioning reserves and building infrastructure for alternatives to the dollar-based order.

• The accumulation of gold is more than preservation — it’s control over assets that can’t be seized or blocked.

• Parallel payment systems backed by gold challenge the old fiat-led hierarchy.

• Capital will gravitate to those rails and institutions that offer reliability and sovereignty

This evolution points to a future where power over money, trade, and credit is redistributed — and the question isn’t if, but when, the new order consolidates.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources & Additional Readings
• Watcher.Guru – Central Banks Prepare for BRICS Gold Standard Amid Dollar Distrust
• GoldCore – The World Quietly Preparing for a Gold-Backed BRICS Currency
• InvestingNews – How Would a New BRICS Currency Affect the U.S. Dollar?
• Reuters – Brazil Central Bank Says No BRICS Asset Pile Big Enough to Rival Dollar

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website
Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Sunday Morning 10-5-25

Economist: Controlling Exchange Rates Is The Responsibility Of The Central Bank, And The Challenges Facing Banks Continue.
 
Time: 2025/10/03 16:11:39 Reading: 90 times  Economic: Al Furat News} Economic expert Salah Nouri affirmed on Friday that the   financial system and exchange rate control    are among the primary responsibilities of the Central Bank of Iraq,         noting that the bank faces numerous challenges in this area. 

Nouri told Al Furat News Agency, "The Central Bank faces challenges in light of the fact that  many private banks operate outside    its     controls and  conditions, in addition to the   conditions set by the US Federal Reserve    regarding foreign currency transfers."

He added, "Controlling exchange rates in the parallel market    is difficult to completely eliminate.

Rather, the solution lies in    reducing price fluctuations  through the flexibility of the central bank's tools     in response to global fluctuations."

 Nouri continued, "Private banks'   response and   adaptation to the Central Bank's lending instructions    contributes to revitalizing the Iraqi economy.

" He explained that  "the instructions for   external financial transfers for import purposes  are similar to the US Federal Reserve's procedures in this area,   which requires private banks to ully   adapt and   comply    with the Central Bank's instructions."    https://alforatnews.iq/news/خبير-اقتصادي-ضبط-أسعار-الصرف-من-مهام-البنك-المركزي-وتحديات-المصارف-مستمرة    

Revealing US Efforts To Ensure Continued Kurdistan Oil Exports
 
October 3, 2025  Washington / Iraq Observer follow-up   The Trump administration is working to ensure continued oil exports from northern Iraq— resumed after a two-year hiatus—in the long termto support the country's economy,generate gains for American companies, andcounter Iran's influence in the region.
 
According to a report published by the Asharq Al-Awsat website, the United States is focused on    ensuring the  implementation of the oil export agreement and   fulfilling its financial obligations,   according to a senior US State Department official    who requested anonymity due to the confidentiality of the talks. The official added that
 
Washington has been working over the past weeks to bring    international oil companies   together with the    Iraqi and   Kurdish governments,  an effort that included hundreds of phone calls and meetings     that paved the way for reaching the agreement.
 
The United States' role in    resuming shipments through the pipeline    to Turkey's Mediterranean coast    also enhances the agreement's long-term sustainability.
 

The current agreement is only valid until the end of the year,    during which the parties are scheduled to hold talks on the companies' dues,  amounting to hundreds of millions of dollars,    while Türkiye is pushing for new terms for the transportation of crude.
 
Secretary of State Marco Rubio explained last week in a post on the X platform hat  the agreement “will deliver tangible benefits to both   Americans and  Iraqis,   while reaffirming Iraq’s sovereignty.”
 
According to Iraqi and Kurdish officials,US pressure was a decisive factor in reaching the export agreement, and Washington is now    seeking to transform it into a long-term agreement    that also protects the interests of American companies.      https://observeriraq.net/الكشف-عن-سعي-امريكي-لضمان-استمرار-صادر/ 

UN Warns Of Iraq's Reliance On Oil To Secure Salaries
 
October 4, 2025  New York / Iraq Observer follow-up  The United Nations Development Programme warned on Saturday that Iraq's continued dependence on oil to secure salaries.
 
"The Iraqi state's    near-total dependence on oil and the    salaries of 8 million government employees   is hampering any real path to sustainable development,"
 
said Abdullah Al-Dardari, Assistant Secretary-General of the United Nations,
Assistant Administrator and Director of the Regional Bureau for Arab States at the United Nations Development Programme.
 
He called for"investment in    infrastructure,    agriculture,    renewable energy, and    technology    as essential pillars of economic diversification."       https://observeriraq.net/تحذير-اممي-من-اعتماد-العراق-على-النفط-ب/

Oil Minister: More Than One Million Barrels Have Been Received From The Region So Far.

Saturday, October 4, 2025, | Economics Number of reads: 245  Baghdad / NINA / Oil Minister Hayan Abdul Ghani announced, on Saturday, the receipt of more than one million barrels from the region so far, while confirming the loading of the first tanker with the region's oil into the port of Ceyhan.

Abdul Ghani said, according to the official agency: "Several days ago, the process of pumping oil from the Kurdistan region towards the port of Ceyhan was resumed via the Iraqi-Turkish pipeline after a halt of more than two years for this pipeline," noting that "for the first time, the federal government receives oil produced in the region and undertakes the process of exporting it outside Iraq." He added that "the quantities received so far have reached more than one million barrels." / End

https://ninanews.com/Website/News/Details?key=1255216

Iraq Jawad Al-Samarraie October 4, 2025 Mohammed Najjar, Advisor To The Prime Minister And Executive Director Of The Iraq Development Fund
 
Baghdad (IraqiNews.com) – The economic study for Iraq’s ambitious Development Road project is complete,revealing highly promising results, including a forecast of 1.6 million new job opportunities.
 
The CEO of the Iraq Development Fund, Mohammed Al-Najjar,     announced today,Friday (October 3, 2025), that the strategic corridor is projected to attract up to $150 billion in investments    over the next three decades,  a sum expected to match or exceed Iraq’s oil revenues.

Al-Najjar affirmed that the Development Road represents the strategic core of Iraq’s Vision 2050, aiming    to transform the country        from a landlocked state        into a global economic corridor.

He noted that the project is not just a transport route  but a comprehensive strategic channel comprising  railways,  dry ads,    pipelines for oil, gas,    electricity, and    internet, along with the    establishment of new economic cities.

The project is now entering its execution phase, with the    next step being an international ministerial meeting to brief partner countries        on the completed technical and economic studies.
 
Al-Najjar confirmed that the economic assessment by the consulting firm Oliver Wyman is finalized,
    revealing the massive job creation potential.
 
Following the ministerial meeting,    the study will receive final approval,    followed by the launch of a major campaign to invite international investors.
 
Al-Najjar stressed that international interest in the project has significantly increased.
 
He disclosed that  specialized global infrastructure funds and the    European Union   have submitted formal requests to participate.
 
The next steps also include establishing two key entities:   a commercial company to handle the project’s business aspects and    a governmental body to manage its sovereign affairs.
 
The entire 1,200-kilometer project will officially commence once the Grand Faw Port enters service, marking the primary starting point for the new global trade route.   
https://www.iraqinews.com/iraq/development-road-project-1-6-million-jobs-150-billion-investment/    

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

Seeds of Wisdom RV and Economics Updates Sunday Morning 10-5-25

Good Morning Dinar Recaps,

U.S. Government Shutdown: Domestic Fallout and Global Ripples
The 2025 government shutdown is exposing cracks in the U.S. financial system — and the ripple effects are spreading across global markets.

Domestic Disruptions: The Shutdown’s Toll on Americans

  ● Federal Operations Halted — The U.S. government officially shut down at 12:01 a.m. on October 1, 2025, after Congress failed to pass a budget, forcing over 800,000 federal employees into furlough or unpaid work.

  ● Critical Services Impacted — While Social Security and Medicare continue under mandatory funding, discretionary programs, public lands, and grant programs face suspension.

  ● National Parks and Infrastructure — About 9,300 of 14,500 park employees have been furloughed, leaving visitor services and maintenance stranded. Federal housing markets around D.C. are seeing ripple effects as unpaid workers cut back or list properties.

  ● Economic Hit — The White House estimates up to $15 billion lost per week, with unemployment expected to climb by 43,000 in a single month of disruption.

  ● Credit Rating Risk — European rating agency Scope warned that fiscal dysfunction could strain the U.S. credit outlook, adding uncertainty to global bond markets.

Economic Strain & Domestic Uncertainty

  ● Stalled Programs and Delayed Spending — From DOJ domestic violence grants to small business loans, federal funding halts are rippling through states and private contractors.

  ● Market Jitters — While Wall Street has priced in temporary disruptions, prolonged paralysis could dampen consumer sentiment, federal investment, and GDP growth.

  ● Structural Warning Sign — Analysts note that every week of shutdown trims roughly 0.1 percentage point from quarterly growth — a warning sign for an economy already absorbing inflation pressures and global headwinds.

Global Ramifications: Financial Reverberations Beyond Washington

  ● European Exposure — Analysts estimate that a two-week U.S. shutdown could cost the EU €4 billion in lost activity; an eight-week standoff could stretch that loss to €16 billion.

  ● Investor Confidence and Market Volatility — The shutdown adds a destabilizing variable to already uncertain global conditions — especially for nations reliant on U.S. liquidity and dollar flows.

  ● Sovereign Credibility Under Scrutiny — Prolonged political gridlock undermines confidence in U.S. fiscal reliability, raising bond yields and widening sovereign risk spreads across emerging markets.

  ● Data Delays and Policy Blindspots — Economic reports such as jobs data, retail spending, and manufacturing indices face delays, leaving central banks and investors operating in the dark.

Why This Matters

The U.S. shutdown highlights how fragile the world’s most watched economy has become. While shutdowns are historically short-lived, this one unfolds amid rising debt, inflation persistence, and political brinkmanship — all undermining confidence in the U.S. dollar’s stewardship role.

If Washington cannot stabilize its fiscal governance, other powers — from BRICS to the EU — may accelerate parallel systems less dependent on the dollar.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources:
• The Guardian – U.S. National Parks Impact
• Politico – U.S. GDP Loss Projections
• Reuters – U.S. Credit Rating Warning
• Euronews – Europe’s Economic Exposure
• Atlantic Council – Shutdown Economic Implications
• ABC News – Expert Growth Analysis

~~~~~~~~~

Geopolitical Shifts Reshape the Global Order: New Alliances, New Systems

From defense compacts to digital finance, nations are redrawing the architecture of global power.

China’s Institutional Challenge to the West

  ● In a major UN address, China unveiled its Global Governance Initiative, directly criticizing U.S. unilateralism and calling for a more “balanced multipolar order.” 
  ● Beijing is now forming AI alliances and unified tech standards, aiming to cut reliance on U.S. technology and strengthen domestic sovereignty. 
  ● This represents institutional competition at scale — not just economic rivalry but a bid to control the frameworks that define trade, technology, and governance.

“Whoever writes the rules of digital infrastructure, writes the future of global finance.”

The Expanding Frontier: Space as the New Strategic Arena

  ● The U.S. and France have expanded joint satellite and surveillance programs to counter China’s growing orbital presence.
  ● These partnerships mark a shift from competition on Earth to rivalry over data, communications, and orbital security — areas critical to digital banking and global transaction networks.
  ● Control of space infrastructure increasingly equates to control of real-time global information flow, directly linking defense dominance with financial and technological supremacy.

Trade Realignment: The Fragmentation of Global Supply Chains

  ● Facing escalating U.S. tariffs and trade disruptions, Europe and Asia are building alternative alliances to safeguard energy and industrial stability. 
  ● This shift signals a clear trend: regional self-sufficiency is replacing global interdependence.
  ● Countries are hedging against U.S. policy volatility and exploring non-dollar trade corridors, aligning directly with BRICS strategies of localized payment systems and commodity-backed trade.

Defense & Security: New Blocs on the Rise

  ● Pakistan and Saudi Arabia’s Strategic Mutual Defense Agreement formalized joint military cooperation, marking a major pivot toward Middle Eastern defense autonomy. 
  ● Similarly, Albania, Croatia, and Kosovo signed a defense pact, deepening Balkan coordination in response to NATO realignments. 
  ● At the 2025 Hague Summit, NATO members pledged to raise defense spending to 5% of GDP by 2035, fundamentally reshaping budget priorities and geopolitical leverage.

Academic Models Confirm: Politics Now Drives Economics

  ● A recent Arxiv study found a strong correlation between geopolitical alignment and trade volume — meaning politics now determines economic flow. 
  ● Another report shows countries are building alternative financial ecosystems — bypassing SWIFT and testing regionally governed digital payment networks. 
  ● Together, these findings confirm a structural decoupling of the global economy — where financial integration follows political allegiance.

Why This Matters / Key Takeaway

The evidence is unmistakable:
We are witnessing the realignment of power across every axis — trade, defense, technology, and finance.

  ● Old institutions are fracturing under political and economic strain.
  ● New blocs and systems — from BRICS Pay to regional defense pacts — are emerging to fill the void.
  ● This is not fragmentation by accident, but restructuring by design — an intentional reordering of who governs global rules and resources.

As nations pivot toward sovereignty and multipolar stability, one truth echoes across every capital:
Out with the Old, In with the New.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources:
• AP News – China’s Global Governance Initiative
• Tom’s Hardware – China Forms AI Alliances to Cut U.S. Tech Reliance
• Reuters – U.S.-France Satellite Cooperation
• Reuters – Trade Alliances in Response to Tariffs
• Wikipedia – Defense Pacts and Spending Agreements
• Arxiv – Global Trade and Political Alignment Studies

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

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Thank you Dinar Recaps

“Tidbits From TNT” Sunday Morning 10-5-2025

TNT:

Tishwash:  Parliament postpones the 2025 budget law until after the elections.

Parliamentary Services Committee member Baqir al-Saadi confirmed on Saturday that one of the most important laws yet to be passed is the 2025 budget schedules law. He explained that this law is on hold until after the elections because the government has not sent it to the House of Representatives.

Al-Saadi told Al Furat News Agency, "The House of Representatives is expected to hold a single session this week to approve a set of laws, after which the electoral race will begin."  link

Tishwash:  The Iraqi parliament will not be in session until the elections. What are the reasons?

An Iraqi parliamentarian revealed the existence of a political will aimed at continuing to disrupt parliamentary sessions until the next parliamentary elections. Meanwhile, a researcher pointed to political calculations obstructing legislative work.

 MP Yasser Al-Husseini said in an interview with the "Al-Jabal" platform on Saturday, October 4, 2025, that "the inability of the House of Representatives to hold its sessions during the current period is due to the lack of political will and the intention to keep Parliament paralyzed until it is dissolved as the election date approaches."

 The MP stated that "the deliberate disruption of sessions is not due to technical or procedural reasons, but rather to hidden political agreements that seek to keep the parliament paralyzed, depriving citizens of the parliament's oversight and legislative role at a time when important decisions are required."

He added that "there are political forces that see the continued disruption of parliament as an opportunity to pass the time until the next elections, with the aim of avoiding the constitutional and oversight obligations imposed by this stage. This behavior contradicts the principles of democracy and undermines the public's confidence in elected institutions."

 The Iraqi parliament was scheduled to hold a parliamentary session last Wednesday to discuss and vote on 11 draft laws and proposals. However, the lack of a quorum prevented the session from convening for the third time in as many days.

 "Political calculations"

 For his part, political affairs researcher Riyadh Al-Wahili agreed with the parliamentarian's position, saying in a separate interview with Al-Jabal that "Parliament is facing a clear paralysis in holding its sessions, not as a result of technical or procedural circumstances, but rather due to the political will and premeditated intent of some influential forces.

There is a clear tendency to disrupt parliamentary work and leave Parliament in a state of stagnation until it is officially dissolved as the electoral deadline approaches."

 Al-Wahili explained that "this obstruction reflects narrow political calculations aimed at exploiting the legislative vacuum for electoral gains, rather than adhering to Parliament's constitutional role of oversight and legislation."

 According to him, "the continuation of this situation could open the door to further political crises, as the absence of parliamentary sessions means the absence of crucial decisions that affect people's daily lives, in addition to the suspension of necessary legislation to keep pace with the current situation."

 The political affairs researcher concluded his remarks by noting that "if political will remains bound by electoral calculations, Parliament will lose its justification for existence and will remain mired in obstruction until the next elections finally decide its fate.  link

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

Tishwash:  Iraq's gold reserves surge to 163 tons: PM advisor

Iraq’s gold reserves have increased by about 10 tons, but its foreign currency reserves are down, an advisor to the prime minister told Rudaw on Saturday.

Iraq's gold reserves have "increased significantly from 152.6 tons" last October to "163 tons" today, said Mazhar Mohammed Salih, an economic advisor to Prime Minister Mohammed Shia' al-Sudani.

Iraq holds the 29th largest gold reserves globally and the fourth largest in the Arab world, according to the World Gold Council.

"Having these reserves indicates Iraq's strong financial and economic stability," Salih said, adding that Baghdad's abundant reserves "could lead to encouraging foreign investment and securing a lasting economic infrastructure for our country."

Foreign currency reserves, however, stood at "around $100 billion, down by eight billion dollars compared with October last year," he said.

Iraq's foreign currency reserves consist of the US dollar, euro, Japanese yen, Chinese yuan, and the British pound.

Iraq's economy has shown signs of stabilization in 2025, with inflation dropping by 21 percent and gold reserves seeing a significant increase, according to a July report from the Central Bank of Iraq. The country is, however, grappling with a persistent budget deficit.  link

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

Tishwash:  Iran removes four zeros from its currency

Iran's Islamic Consultative Assembly voted on Sunday to remove four zeros from the currency, through a bill amending the Monetary and Banking Law.

The bill stipulates converting every 10,000 current Iranian rials into one new rial, while retaining the name "rial" as the country's official currency.

The move aims to simplify financial transactions and mitigate the effects of the severe inflation that Iran has been suffering from for years.

It is noteworthy that the law removing zeros also requires the approval of the Guardian Council before it comes into effect.

This move comes after years of inflation and the deterioration of the rial's value against foreign currencies due to economic sanctions, with the US dollar now worth more than 900,000 rials on the parallel market.  link

Mot: . Amazing How the Daze Go By Now!!! 

Mot: I Say To YOU -- What is the Number One ""Weekend Rule"" 

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 10-4-25

Good Afternoon Dinar Recaps,

BRICS Dollar Devaluation Advances With New Payment Systems

As BRICS nations build their own financial rails and lean on gold, the dollar’s grip is under direct challenge.

Payment Infrastructure: Building Alternatives to SWIFT

  ● At the Rio summit, BRICS leaders discussed a guarantee fund to undergird BRICS Pay, intended for local currency settlement without resort to Western banking networks. 
  ● The bloc is shifting focus from grand unified currency schemes to interoperable payment systems and national rails, per analysts at GIS Reports. 
  ● BRICS Pay is a decentralized messaging mechanism where member nations route payments via local currency systems
  ● While technical and regulatory gaps remain, prototypes and pilot links (e.g. between SPFS, CIPS, UPI, Pix) are being tested to bypass SWIFT. 

Gold & Local Currency Strategy: Anchors for De-Dollarization

  ● BRICS nations now hold over 6,000 tons of gold — about 20-21% of global central bank reserves. Russia and China together control nearly three-quarters of that total.
  ● This accumulation acts as a hedge and backing for alternative currency initiatives and reduces exposure to dollar volatility. 
  ● Trade among BRICS states increasingly uses settlement in national currencies, reducing the need for dollar liquidity and hedging. 

Competing Views, Internal Tensions & Rebalancing

  ● Some analysts argue BRICS is pulling back from aggressive de-dollarization, focusing instead on gradual shifts in trade settlement. 
  ● Indian officials maintain that while BRICS jointly explores alternatives, they have no intention to undermine the U.S. dollar outright. 
  ● Political pressure from the U.S. — including threats of tariffs — adds complexity. Russia has responded by distinguishing between a settlement system and a new currency, signaling continued work despite external pressure. 
  ● Diverse economic structures, regulatory standards, currency convertibility, and trust among states pose serious technical and institutional hurdles to full integration.

The Shift: Out With the Old, In With the New

• Traditional dollar-based networks and financial dominance are being contested

• BRICS is investing in alternative rails, backed by tangible assets and local currency trade

• Power over payment systems, reserve strategies, and settlement becomes a core battlefield

In effect, we are witnessing a structural reconfiguration of global finance, where decentralized, sovereign-controlled systems are replacing old hierarchies.

Why This Matters / Key Takeaway

BRICS’ push for dollar-free payment systems and gold-backed safeguards is not just incremental — it’s rearchitecting how trade, credit, and capital move globally. As dollar dependency weakens, new centers of financial gravity emerge.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources & Further Reading

• Watcher.Guru – BRICS Dollar Devaluation Advances With New Payment Systems Watcher Guru

• GIS Reports – BRICS making incremental progress in dollar-free trade GIS Reports

• InvestingNews – How Would a New BRICS Currency Affect the U.S. Dollar? Investing News Network (INN)

• Wikipedia – BRICS Pay Wikipedia

• Reuters / news – India says BRICS have no interest in weakening USD Reuters

• Reuters / news – Russia says threats won’t stop BRICS payment work Reuters

• The Guardian – Putin calls for alternative payment system at BRICS summit The Guardian

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website
Thank you Dinar Recaps