Jon Dowling: Quick RV Updates, Vietnam Currency News for October 10, 2025

Jon Dowling: Quick RV Updates, Vietnam Currency News for October 10, 2025

10-10-2025

The financial landscape is currently defined by drastic crosscurrents: on one hand, high-stakes geopolitical efforts aiming for regional stability; on the other, increasingly urgent warnings from major financial institutions about crippling systemic risk in global markets.

The Weekly RV Report, dated Friday, October 10th, 2025, provided a comprehensive snapshot of this delicate balance, highlighting everything from a potential gold-standard reset to the jaw-dropping surge in silver prices.

For investors navigating this complex environment, the message is clear: caution and strategic positioning are paramount.

This week’s geopolitical activity centered on critical diplomatic movements aimed at diffusing regional conflicts. President Trump’s upcoming visit to the Middle East, specifically Egypt, is viewed as a significant effort to broker peace and bring the protracted Gaza conflict to a close.

Parallel to this, the anticipated release of several long-held U.S. hostages offers a cautious signal of de-escalation in international relations.

While markets crave stability, these high-level negotiations demonstrate the deep interconnectedness between diplomacy and economic confidence.

Beneath the steady façade of recent equity performance, serious warnings are emerging from leading global financial bodies.

The International Monetary Fund (IMF) has raised a red flag regarding severe liquidity risks lurking in the foreign exchange market. The exposure is vast, concerning a staggering $9.6 trillion, underscoring potential systemic vulnerabilities that could amplify market shocks.

Echoing this concern is JP Morgan, which reiterated its severe warning about U.S. equities. According to their analysis, a probable sharp correction is not yet priced into the market, aligning with earlier, more ominous forecasts of a major market downturn predicted for late 2025 or early 2026.

These warnings suggest that while the current bull run may feel resilient, the underlying financial plumbing is stressed, making proactive risk management essential.

Perhaps the most significant development detailed in the report is the structural conversation surrounding the foundational nature of global debt.

The debate centers on the potential issuance of a U.S. gold-backed 50-year Treasury bond. As championed by economist and former Federal Reserve Board nominee Judy Shelton, this radical proposal could fundamentally redefine global monetary systems.

Shelton argues that tying Treasury debt to gold would restore international confidence, promote a level monetary playing field, and align with President Trump’s long-standing stance against currency manipulation.

While still in the conceptual phase, such a move would represent a monumental shift away from the current fiat system, creating a safer, more transparent mechanism for managing global debt and trade. This proposal alone signals the intense pressure policymakers feel to find genuine solutions to ballooning global leverage.

The U.S. Treasury is actively working to stabilize acute liquidity crises in struggling nations.

A notable example is the ongoing $20 billion currency swap agreement with Argentina, providing crucial short-term stability. Efforts to stabilize economies like Zimbabwe and Venezuela suggest a broader, coordinated push toward economic resets in nations burdened by currency crises.

On the investment front, Vietnam has become a major highlight. The country’s stock market received an official upgrade from frontier to emerging market status, positioning it as a prime institutional investment opportunity well ahead of its official inclusion in September 2026.

This move signals confidence in Vietnam’s growth trajectory despite global risks.

While monetary policy debates rage, precious metals are making history.

Silver prices surged dramatically this week, briefly touching levels above $51 an ounce—a height not seen since 1980—before a modest pullback. Gold remains robust, maintaining its strength as the quintessential store of value.

A technical indicator crucial to understanding silver’s rally is backwardation. This condition occurs when the spot price for immediate physical delivery of a commodity is higher than the price of futures contracts for delivery in the future.

In simple terms, backwardation in silver is a potent bullish signal. It indicates immediate and overwhelming demand for physical metal, suggesting that large holders (“whales”) are aggressively positioning themselves.

This market stress often forces “shorts” (those betting on lower prices) to cover their positions quickly, potentially fueling further rapid price increases.

The decline in crude oil prices provided a rare bit of positive news for consumers and global inflation concerns, while the dollar index remained steady but slightly elevated, reflecting the ongoing global flight to dollar safety amidst systemic warnings.

The current financial environment demands a dual strategy: vigilance regarding the immediate threat of market corrections (as warned by JP Morgan) and a forward-looking perspective on potential monetary resets (as proposed by Judy Shelton).

The RV Report concludes with a forceful reminder: precious metals are not merely investments right now—they are essential strategic assets and the historically proven hedge against the financial turbulence and global realignments that appear increasingly likely in the coming quarters.

For a deeper dive into these critical market signals and investment strategies, we strongly encourage you to watch the full video report from Jon Dowling.

https://youtu.be/qZzR271gDI4

“Tidbits From TNT” Saturday 10-11-2025

TNT:

Tishwash:  (Eye on the South) Economic Conference to be hosted by Basra tomorrow

The organizing committee for the second annual Ta'tafaul Hub conference, under the theme "Eye on the South," announced that the conference will begin at 10:00 a.m. tomorrow, noting that the conference will focus on the economic situation in southern Iraq in various sectors.

The management told Al-Mirbad that the conference will be attended by representatives of the local government in Basra, along with a group of oil companies and representatives from other sectors.  link

Tishwash:  Parliamentary movement to hold a session to decide on a number of important laws within two weeks.

MP Mukhtar al-Moussawi revealed on Friday that there is a broad parliamentary movement aimed at holding a parliamentary session soon to decide on a number of important laws that affect the rights of various segments of society and provide legal cover for the work of ministries and agencies.

Al-Moussawi told Al-Maalouma News Agency, “There is a parliamentary movement currently underway to hold a full quorum session to proceed with voting on a group of important laws that were not passed in previous sessions due to the absence of a large number of representatives.” He indicated that "these laws cannot be postponed until the next parliamentary session due to their direct importance in regulating the affairs of citizens and state institutions."

He added, "Efforts are currently underway to create understandings among parliamentary blocs to ensure members' attendance and voting on these laws," stressing the "need for positive engagement with citizens' rights and the country's interests by enacting laws that represent a national priority."

Al-Moussawi pointed out that "the proposed laws have already been read for the first and second time, and all that remains the voting stage," expecting that "the next few weeks, specifically within the next two weeks, will witness a decisive session if a final consensus is reached between the political forces."  ink

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Tishwash: Government advisor: Monetary policy has achieved stability in the exchange rate and inflation.

The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed on Friday that Iraq has achieved unprecedented stability in inflation and prices, noting that inflation in the country is under control and unemployment is declining.

Saleh told the Iraqi News Agency (INA): "For the first time in Iraq's modern economic era, high growth is being achieved, characterized by stability in the general price level, as the annual inflation rate is stable within what is known as the natural price range or the natural fraction of inflation in the country."

He added, "Iraq has entered its third year with low growth rates in annual inflation indicators, measured monthly over a 12-month period. These rates fluctuate below 3%, reflecting the success of economic policies, particularly monetary policy, in achieving their goals toward a stable economy. Controlling inflation is the primary goal for maintaining price stability and the purchasing power of the Iraqi dinar."

He continued: "This decline in annual inflation was accompanied by a significant decline in annual unemployment rates, which fell from 17% to approximately 14%. Monetary policy also succeeded in maintaining the positive effects of the official exchange rate of 1,320 dinars per dollar and limiting the effects of the parallel exchange market on the stability of the pricing system."

He pointed out that "the government's support policy, through supporting the grain-producing agricultural sector, providing food and medicine baskets, fuel and electricity subsidies, in addition to customs and tax exemptions, which represent an estimated 25% of total public spending in the budget, or 13% of the gross domestic product, is one of the fundamental pillars of the fiscal policy that has confronted inflation and contributed to limiting its growth."

He explained that "trade policy, through price defense, by expanding stores that provide consumer and construction goods at stable cooperative prices, has in turn contributed to supporting price stability and combating inflation, thus enhancing the stability of the Iraqi economy."

Regarding the downsides of this price stability, he noted that "it has encouraged the export of some food and consumer goods, albeit on a limited scale, across borders, allowing other countries to benefit from the stability of basic prices in Iraq."

He concluded by saying, "Iraq is witnessing a significant price boom, which is an indicator of the success of economic policy implementation. This is a remarkable development, unprecedented in the past ten years, as this stability is reflected in the country's cash income."   link

Mot: the Net Gives Us More ""Motisms"" They go great with milk too! 

Mot: On Me Way I Is!!!! 

Iraq Economic News and Points To Ponder Saturday Morning 10-11-25

Government Advisor: Monetary Policy Has Achieved Stability In The Exchange Rate And Inflation

Money and Business  Economy News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that Iraq has achieved unprecedented stability in inflation and prices, noting that inflation in the country is under control and unemployment is declining.

Saleh said, "For the first time in Iraq's modern economic era, high growth is being achieved, characterized by stability in the general price level, with the annual inflation rate remaining within what is known as the natural price range or the natural fraction of inflation in the country."

He added, "Iraq has entered its third year with low growth rates in annual inflation indicators, measured monthly over a 12-month period. These rates fluctuate below 3%, reflecting the success of economic policies, particularly monetary policy, in achieving their goals toward a stable economy. Controlling inflation is the primary goal for maintaining price stability and the purchasing power of the Iraqi dinar."

He continued: "This decline in annual inflation was accompanied by a significant decline in annual unemployment rates, which fell from 17% to approximately 14%. Monetary policy also succeeded in maintaining the positive effects of the official exchange rate of 1,320 dinars per dollar and limiting the effects of the parallel exchange market on the stability of the pricing system."

He pointed out that "the government's support policy, through supporting the grain-producing agricultural sector, providing food and medicine baskets, fuel and electricity subsidies, in addition to customs and tax exemptions, which represent an estimated 25% of total public spending in the budget, or 13% of the gross domestic product, is one of the fundamental pillars of the fiscal policy that has confronted inflation and contributed to limiting its growth."

He explained that "trade policy, through price defense, by expanding stores that provide consumer and construction goods at stable cooperative prices, has in turn contributed to supporting price stability and combating inflation, thus enhancing the stability of the Iraqi economy."

Regarding the downsides of this price stability, he noted that "it has encouraged the export of some food and consumer goods, albeit on a limited scale, across borders, allowing other countries to benefit from the stability of basic prices in Iraq."

He concluded by saying, "Iraq is witnessing a significant price boom, which is an indicator of the success of economic policy implementation. This is a remarkable development, unprecedented in the past ten years, as this stability is reflected in the country's cash income."     https://economy-news.net/content.php?id=60962

The US Senate Votes Unanimously To Repeal The Iraq War Authorization.

Buratha News Agency1222025-10-10   The U.S. Senate voted unanimously on Thursday to repeal two authorizations that authorized the first Gulf War in 1991 and the 2003 invasion of Iraq. The vote came after the House of Representatives voted last month to repeal the resolution, returning war powers to Congress.

The Senate passed an amendment to repeal the resolution, introduced by Virginia Democratic Senator Tim Kaine and Indiana Republican Senator Todd Young, as part of the annual defense authorization bill that passed the Senate late Thursday.

“This is how war ends, not with a bang but with a thud,” Kaine said after the vote, which took only seconds with no debate or objections.

“Those wars changed America forever, and they changed the Middle East as well,” he added, according to the Associated Press.

This returns war powers to Congress after two decades of delegating those powers to the White House. Supporters of the resolution in both the House and Senate said that revoking the authorization is a crucial step to prevent future misuse and to affirm that Iraq is now a strategic partner of the United States.

The House of Representatives added a similar amendment to its version of the defense bill last September, meaning the revocation is likely to be included in the final version of the law after the two chambers consolidate the versions.

 Both bills also included a revocation of the 1991 authorization that authorized the U.S.-led Gulf War. Will Trump support the resolution? The Associated Press reported that while Congress appears close to passing the revocation resolution, it remains unclear whether President Donald Trump will support it.

 During his first term, his administration invoked the 2002 Iraq War authorization resolution as part of the legal justification for the 2020 drone strike that killed then-Iranian Quds Force commander Qassem Soleimani in Baghdad.

 However, this authorization has been rarely used since then. Senator Young said after the vote that he believed Trump should feel "very proud" of signing the bill, having campaigned on a pledge to end "forever wars." He added that it would make him the first president in modern history to legally end a long-running war.

“The vote sets an important precedent, which is that Congress now very clearly declares that it is our authority and responsibility not only to authorize the use of military force, but also to end armed conflicts,” Young said.

The vote, which was added to the broader defense bill, came amid a sharp partisan dispute over the government shutdown. Young added that the quick vote was “an extraordinary moment” that he hoped “shows some that we are still capable of getting critical things done in Congress.”

Two years ago, the Senate voted 66-30 to repeal the 2002 authorization. Although some Republicans privately told Kaine they still opposed the measure, none opposed Thursday night’s unanimous vote.

The 2001 authorization for the global war on terrorism would remain in place under the new bill. While the 1991 and 2002 authorizations were rarely used and focused specifically on Iraq, the 2001 authorization gave President George W. Bush broad authority to launch an invasion of Afghanistan.

Authorizing the use of force against "nations, organizations, or persons" who planned or supported the September 11, 2001, attacks against the United States. Since its adoption in September 2001, this authorization has been used in recent years to justify US military operations against groups such as al-Qaeda and its affiliates, including ISIS, and the Somali al-Shabaab movement.   http://burathanews.com/arabic/news/466304

Gold Is Heading For Its Eighth Consecutive Weekly Gain

economy | 09:18 - 10/10/2025  Mawazine News - Follow-up  Gold prices rose on Friday, heading for their eighth consecutive weekly gain, benefiting from safe-haven demand amid ongoing geopolitical and economic uncertainty, along with expectations of a Federal Reserve interest rate cut.

Spot gold rose 0.1% to $3,977.87 per ounce by 01:20 GMT. The precious metal is up 2.3% so far this week.
US gold futures for December delivery rose 0.5% to $3,992.40.

According to the CME FedWatch tool, traders currently expect a 25 basis point rate cut in October and another cut in December at 95% and 82%, respectively.

Markets were affected this week by political unrest in Japan and France, along with the ongoing government shutdown in the United States, factors that cast a shadow over investor confidence, which has flocked to gold as a safe haven.

Gold crossed the $4,000 per ounce threshold for the first time on Wednesday, reaching an all-time high of $4,059.05.
Among other precious metals, spot silver rose 1.2% to $49.70 per ounce after hitting an all-time high of $51.22 on Thursday. Platinum rose 0.4% to $1,625.30, and palladium gained 1% to $1,426. https://www.mawazin.net/Details.aspx?jimare=268153

A Slight Increase In Iraqi Oil Prices In Global Markets

Economy | 09:29 - 10/10/2025  Mawazine News - Baghdad -  Iraqi oil prices recorded a slight increase during daily trading on Friday in the global market.

According to data, Basra Medium crude rose to $65.95 per barrel, while Basra Heavy crude recorded $64.40 per barrel, with a change rate of +0.32 for both.

Regarding global oil prices, British Brent crude recorded $65.03 per barrel, while US West Texas Intermediate crude recorded $61.36 per barrel, with a change rate of -0.15 and -0.19, respectively.https://www.mawazin.net/Details.aspx?jimare=268154

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

Seeds of Wisdom RV and Economics Updates Saturday Morning 10-11-25

Good Morning Dinar Recaps,

The Global Reset in Motion: Swap Lines, Debt Shifts & the New Financial Blueprint

Currency swaps, debt reversals, and digital networks are quietly redrawing the architecture of global finance.

A System Under Strain — and Redesign

• Swap lines as soft power: The U.S. Treasury’s new $20 billion currency swap with Argentina shows how economic diplomacy is replacing traditional aid. The dollar is being used not only as a reserve asset but as an instrument of geopolitical alignment.

• Debt flows reversing: For the first time in two decades, developing nations are net repaying China, a signal that Beijing’s Belt & Road era of easy credit has entered a phase of collection and consolidation.

• Rise of alternative rails: BRICS’ new digital-currency settlement network and commodity-based exchanges offer parallel systems for trade and payment outside Western financial chokeholds.

These developments are not random. They reveal a world shifting from unipolar control toward competing, asset-anchored financial architectures.

Friction and Fragmentation

• Sovereignty backlash: Nations dependent on the dollar are experimenting with regional settlement systems to avoid the risk of sanctions or reserve seizures.

• Liquidity divergence: As financial systems decouple, cross-border liquidity and interoperability will become the new frontlines of competition.

• Hidden power shift: Emerging markets able to host trusted digital settlement systems will gain leverage far beyond their GDP share.

Why This Matters

We are witnessing a reset in slow motion — not an overnight collapse, but a re-wiring of capital routes, reserve logic, and political leverage. What used to be economics is now strategy.

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

@ Newshounds News™ Exclusive

Sources:
• Al Jazeera – U.S. buys Argentinian pesos, finalises $20 billion currency swap (aljazeera.com)
• Reuters – Developing nations rack up $3.9 billion net debt payments to China (reuters.com)
• Watcher Guru – BRICS digital currency network bypasses the West (watcher.guru)

 ~~~~~~~~~

When the South Pays Back: China’s Waning Grip and the Next Debt Order

Once the world’s lender of choice, China now finds its capital flowing back home — and its influence shrinking.

The Numbers Tell the Story

• According to Boston University’s Global Development Policy Center, developing nations are now paying $3.9 billion more per year to China than they receive in new loans.

• From 2008 to 2024, China’s policy banks lent over $472 billion to infrastructure projects across Asia, Africa, and Latin America. Now, many of those loans are maturing — and repayment, not expansion, defines Beijing’s balance sheet.

• The net reversal began in 2022 and 2023, marking a structural pivot in China’s development diplomacy.

From Builder to Collector

• Debt-collector posture: China is tightening repayment schedules and invoking collateral clauses — including escrowed commodity revenues — in nations like Zambia and Sri Lanka.

• Soft-power erosion: With less new money flowing, Beijing’s ability to buy goodwill through development finance is weakening.

• Private-sector dominance: Despite the headlines, private Western lenders still hold the majority of developing-world debt, underscoring that the true debt crisis is global, not just Sino-centric.

Strategic Repercussions

• Funding vacuum: As China retrenches, BRICS and regional blocs may need to mobilize local-currency credit to fill the gap.

• Dollar corridor pressure: Reduced Chinese lending could pull countries back into U.S. financial orbit — unless alternative rails such as the BRICS digital currency network scale quickly.

• Emerging multipolar credit system: Expect South–South and regional lending consortia to multiply, each experimenting with gold- or commodity-backed settlement models.

Why This Matters

China’s shrinking role marks a turning tide in global leverage. The creditor of the Global South is now a collector, and that changes who holds the reins of tomorrow’s monetary system.

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

@ Newshounds News™ Exclusive

Sources:
• Reuters – Developing nations rack up $3.9 billion net debt payments to China (reuters.com)
• Reuters – China shifts from banker to debt collector (reuters.com)
• Reuters – China’s collateral demands curbing emerging countries’ fiscal control (reuters.com)

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Wall Street’s Gold Grab: 1,300+ Tonnes Before the BRICS Currency Launch

As BRICS prepares to unveil its asset-backed digital currency, U.S. financial giants quietly accumulate historic amounts of gold.

A Massive Gold Rush on the Eve of Monetary Change

• Wall Street accumulates 1,300+ tonnes: In the months leading up to the BRICS currency launch, major U.S. institutions — including hedge funds and sovereign-backed asset managers — have reportedly purchased over 1,300 tonnes of physical gold, a figure equivalent to one-third of annual global mine production.

• Market data confirms the trend: CME futures reports and COMEX vault inflows show surging delivery requests, suggesting institutional investors are converting paper contracts into allocated bullion.

• Strategic timing: Analysts note that the timing coincides with BRICS’ plans to roll out an asset-backed settlement currency, raising speculation that U.S. financial players are positioning for a revaluation of gold’s role in global finance.

Wall Street’s moves suggest that even Western markets are preparing for a post-dollar valuation paradigm — one where tangible reserves, not fiat credit, anchor global confidence.

Gold as the Hedge Against Monetary Fragmentation

• Repricing risk: Central banks and private institutions are betting that gold could be revalued as part of a new settlement mechanism under the BRICS bloc.

• Reserve diversification: The accumulation also reflects U.S. investors’ concerns over geopolitical fragmentation, rising sovereign debt, and the declining share of the dollar in global reserves.

• Historic parallel: The scale mirrors accumulation trends last seen before major monetary realignments — notably the Bretton Woods collapse (1971) and the 1979 gold run amid inflationary shocks.

When capital quietly shifts toward hard assets, it signals anticipation — not fear. Gold is being treated once again as the ultimate ledger of value.

Global Context: BRICS’ Strategic Gold Standard

• BRICS’ next move: Reports indicate the upcoming BRICS settlement platform will allow member states to clear trade in tokenized assets backed by gold and other commodities.

• De-dollarization by design: This would enable trade bypassing Western payment systems, rebalancing global reserve power toward the East.

• Power convergence: As the U.S. financial elite accumulates what BRICS intends to formalize, both sides of the financial divide appear to be converging — not in cooperation, but in anticipation of the same shift.

The lines between East and West may blur if both are now preparing for the same monetary realignment.

Why This Matters

Gold is no longer just a hedge — it’s the new pivot point of credibility in a fragmented world.
If both BRICS and Wall Street are preparing for a return to tangible settlement systems, it marks the most profound redefinition of monetary trust since the end of the gold standard.

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

@ Newshounds News™ Exclusive

Sources:
• Watcher Guru – Wall Street Buys 1,300+ Tonnes of Gold Before BRICS Currency Launch (watcher.guru)
• World Gold Council – Central Bank Gold Demand Hits Record Highs (2024–2025)
• Reuters – Gold demand and geopolitical risk drive institutional accumulation
• IMF Bulletin – Asset-Backed Settlement Systems and Reserve Diversification

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Iraq Economic News and Points To Ponder Friday Afternoon 10-10-25

Oliver Wyman Reviews Criteria For Iraq’s Digital Banks
   
Iraq     Amr Salem     October 9, 2025     650      Baghdad (IraqiNews.com) – The Governor of the Central Bank of Iraq (CBI), Ali al-Alaq,  revealed on Thursday that   Oliver Wyman is reviewing the criteria set by the CBI  to issue licenses for digital banks in the country.
 
In a statement to the Iraqi News Agency (INA),  al-Alaq indicated that the leading international management consulting firm  will provide the CBI with a final report within the next few days.

An aerial view of the new headquarters of the Central Bank of Iraq (CBI). Photo: Zaha Hadid Architects

The CBI has received approximately  80 applications to create digital banks in the country, according to al-Alaq.
 
Licenses can only be awarded following a set of criteria based on  market research, the  nature of the business, and  other countries’ experiences,  where the number of digital banks is often limited to three or four.
 
Officials from the CBI and representatives from Oliver Wyman  discussed in August a banking reform proposal  offered by the Iraqi Private Banks League (IPBL)  to modernize Iraq’s banking industry and  align operations with worldwide practices.
 
The strategy intends to  stabilize the banking sector  so that it can function securely and effectively  in accordance with international norms and standards,  as well as local legislation,  while also strengthening governance, compliance, and risk management.
 
The strategy also allows banks to perform an economic role that promotes growth  while providing the most effective services possible. The CBI noted that adopting the  strategy will boost local and international trust in Iraq’s banking industry.

Iraq’s Central Bank revealed last month that  it reached an agreement with Oliver Wyman to perform a thorough analysis of the conditions under which Iraqi banks are prohibited from conducting transactions in US dollars.
 
The two sides discussed the  usage of electronic payment cards andstrategies to encourage and manage their usein keeping with Iraq’s shift toward electronic payments.
 
The CBI stated that Oliver Wyman will focus on  improving bank procedures to align with international standards.
 
Additionally, they will create effective strategies  for reintegrating Iraqi banks that have been barred from conducting US dollar transactions  back into the banking sector,both domestically and internationally.    
  
https://www.iraqinews.com/iraq/oliver-wyman-reviews-criteria-for-iraqs-digital-banks/

The Central Bank Discusses With The German Commerzbank Ways To Enhance Banking Cooperation.
 
October 09, 2025   His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,received in Baghdad Mr. Michael German,Representative of the    Institutional Clients and International Transaction Banking Sectorat Commerzbank AG,  to   discuss ways to enhance cooperation between the two sides.

The meeting  discussed prospects for developing banking relations  with Iraqi banks operating in the local market, which would contribute to supporting economic activity and   strengthening financial ties   between Iraq and  Germany.

The importance of   exchanging technical expertise and  developing cooperation mechanisms   in the areas of  trade finance, international payments management, and banking correspondence was emphasized, thus  enhancing the  efficiency of the Iraqi financial system and its   connection to the European banking sector.
 
The two parties expressed their commitment to   continuing     coordination and    joint consultation   to  support Iraq's global financial standing and   develop its foreign banking relations   in accordance with the highest approved standards. 
    Central Bank of Iraq     Media Office      October 9, 2025    https://cbi.iq/news/view/3008    

Combating Financial Fraud Enhances Confidence In The Banking Sector

Due to the successes achieved by the government and the Central Bank during the years (2023-2025) in expanding the field of digital transformation, activating electronic payment, and spreading the culture of using electronic cards among citizens.

The Central Bank and banks have begun receiving complaints of electronic financial fraud involving the exploitation of the accounts of retirees and various segments of society, particularly this year. Several cases of electronic financial fraud have been identified, including the withdrawal of deposits and salaries from employees' and bank customers' accounts using various fraudulent methods, which constitute financial crimes punishable by the Iraqi judiciary.

In addition to the entry and exit of funds through unofficial border crossings, which are exploited for currency counterfeiting and money laundering, the Central Bank has announced the creation of a complaints platform and is urging banks to launch a broad media and advertising campaign to warn citizens of the dangers of engaging in these illegal activities and their potential to harm the national economy.

Government agencies, the judiciary, and oversight bodies in Iraq have amended their applicable laws, issued new instructions and proactive controls, and developed procedural and electronic means to combat these crimes and protect their funds and the national economy.

Iraq, like other countries, has activated its economic and legislative apparatus and institutions to combat these crimes. It issued Anti-Money Laundering Law No. 39 of 2015, which included 12 chapters and articles that defined the crimes covered by the law and the penalties for each financial crime. It also adheres to international standards that limit money laundering issued by the FATF, in addition to the crimes of counterfeiting, forgery and fraud stipulated in the Iraqi Penal Code and the instructions issued by the financial and monetary authorities, represented by the Central Bank of Iraq and the Ministry of Finance, to combat these crimes with the aim of preserving Iraq’s funds, especially its foreign currency, due to the impact of these crimes on the national economy and the creation of stifling economic and financial crises, which reflects on sustainable development.

The serious matter that contributes to the spread of this phenomenon is the weak compliance of financial and banking institutions with international compliance rules and standards, which means they are exposed to financial risks of all kinds, the most important of which are reputational risks, which directly affect Iraq’s international economic, financial and banking transactions, which affect Iraq’s external economic relations with countries around the world, especially the financial and banking transactions of Arab and foreign correspondent banks.

However, laws alone and internal judicial procedures cannot combat these financial crimes, which requires the development of local and international proactive electronic oversight methods by adopting mechanisms and policies regulated by international agreements for cooperation in reducing financial crimes related to money laundering, terrorist financing and electronic financial crimes related to electronic payment operations. https://economy-news.net/content.php?id=60929

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

Seeds of Wisdom RV and Economics Updates Friday Afternoon 10-10-25

Good Afternoon Dinar Recaps,

U.S. Backs Argentina with $20B Peso Swap Amid Crisis

Washington steps in with pesos and a swap line — shifting from geopolitics to banking leverage.

What Happened

• The U.S. purchased Argentine pesos and finalized a $20 billion currency swap framework with Argentina’s central bank, according to statements by U.S. Treasury Secretary Scott Bessent.

• Bessent said the move responds to “acute illiquidity” in Argentina and framed the U.S. as uniquely able to act swiftly. 

• The timing coincides with a sharp peso devaluation (~6% drop), dwindling foreign reserves, and political strain ahead of Argentina’s October midterm elections. 

Why It Matters

• Hard intervention via currency plumbing — instead of just sanctions or debt relief, the U.S. is directly influencing Argentina’s forex and liquidity.

• Political optics & alignment — Argentina’s President Milei is a pro-Trump ally. This swap underscores U.S. influence in regional politics and economics.

• Credit risk & legitimacy — Some U.S. lawmakers have called this a hidden “bailout,” citing inconsistency with “America First” rhetoric. 

How This Ties to Global Reform Narratives

• When a superpower steps into another nation’s currency markets, it shows how monetary sovereignty is porous under global pressure.

• Deals like this strengthen the argument for parallel financial infrastructure: nations that fear external intervention may prefer local rails, gold, or crypto hedges.

• In a multipolar world, capital flows are another front for influence — not only military or trade sanctions.

Why This Matters / Key Takeaway

The U.S. swap with Argentina is more than financial rescue — it’s a projection of influence through currency leverage.
This reinforces how financial tools are being weaponized in the new world order — the kind of shift that signals more than just a bailout.

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

@ Newshounds News™ Exclusive

Sources:
• Al Jazeera – U.S. buys Argentinian pesos, finalises $20bn currency swap, says U.S. Treasury Al Jazeera

~~~~~~~~~

Coinbase & Mastercard Vie for BVNK — A $2B Stablecoin Power Move

Traditional finance and crypto giants race to control the backbone of tomorrow’s payments rails.

What’s Playing Out

• Coinbase and Mastercard are in advanced talks to acquire BVNK, a London-based stablecoin infrastructure firm. The potential price tag? $1.5 to $2.5 billion. 

• While nothing is finalized, sources suggest Coinbase currently leads the bidding. 

• BVNK builds enterprise-grade stablecoin payment systems, reportedly processing over $20 billion annually and serving clients like Worldpay, Flywire, and dLocal. 

Why It Could Be a Game Changer

• If completed, this deal would become the largest acquisition in stablecoin history, overtaking Stripe’s $1.1B purchase of Bridge in 2024. 

• It signals how deeply traditional finance (Mastercard) and crypto infrastructure (Coinbase) see stablecoins as central to future payment systems.

• This move is likely influenced by recent regulation shifts—e.g. the GENIUS Act in the U.S. pushing stablecoin clarity and adoption.

Challenges & Tensions Ahead

• Regulatory uncertainty still looms large—will stablecoins face harsher oversight, reserve requirements, or restrictions?

• Integration & scaling risks: BVNK’s tech must mesh seamlessly with legacy banking systems and comply with cross-border rules.

• Valuation risk: Betting $2B on a payments infrastructure firm could backfire if adoption, security, or interoperability falters.

• Conflict of control: If Mastercard wins, it could tilt stablecoin rails toward traditional finance dominance; if Coinbase wins, crypto infrastructure holds more influence.

How This Ties into Global Restructuring

• Control over stablecoin rails = control over capital flows. Whoever owns the infrastructure captures downstream influence over payments, data, and settlement.

• This race reflects the broader shift toward hybrid monetary systems, where stablecoins, CBDCs, and fiat coexist and compete.

• As nations push de-dollarization, having dominant stablecoin infrastructure offers a lever to shape alternative (non-USD) economic corridors.

Why This Matters / Key Takeaway

This isn’t just a big acquisition fight—it’s a battle for the plumbing of future money.
Whoever wins BVNK gains a strategic node in the next global payments regime.
In a world where financial sovereignty matters more than ever, the stakes of this race go beyond profit—they tie into who defines the next monetary order.

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

@ Newshounds News™ Exclusive

Sources & Further Reading
• Coinbase and Mastercard in $2 billion bidding race for stablecoin firm BVNK — TradingView TradingView
• Coinbase and Mastercard held talks to acquire BVNK — CoinDesk CoinDesk
• Coinbase, Mastercard compete to acquire stablecoin firm BVNK — FXStreet FXStreet
• The stablecoin discount & hybrid monetary ecosystems (papers on stablecoin-finance relations) arXiv

~~~~~~~~~
Trump Passed Over: Why the 2025 Nobel Went to Machado Instead

He claimed to stop wars — but the Nobel Committee backed a fighter for democracy in Venezuela.

What the Nobel Committee Actually Recognized

• 2025 Nobel Peace Prize awarded to María Corina Machado for her “tireless work promoting democratic rights” and “struggle to achieve a just and peaceful transition from dictatorship to democracy.” 

• Machado has been a central figure in Venezuela’s opposition — despite being banned from holding office, living in hiding, and seeing many of her allies arrested. 

• In contrast, although Trump has publicly campaigned for the prize — citing ceasefires and peace deals — his record is contested. 

Trump’s Peace Claims Under Scrutiny

• Trump repeatedly says he “stopped six or seven wars” in his presidency, citing conflicts like India/Pakistan, Congo/Rwanda, Cambodia/Thailand, and Israel/Iran. 

• Experts and fact-checkers point out that many of his cited "wars" were ceasefires, diplomatic mediations, or claims with limited verification — not full, lasting conflict resolution.

• The Nobel Committee tends to favor long-term impact, human rights, and the reinforcement of peace over episodic or politically timed interventions. 

Why Machado’s Selection Speaks to Deeper Shifts

• Democracy as Peacework: Awarding the prize to a democracy advocate under authoritarian duress signals that political freedom is now a central criterion for global peace legitimacy.

• Undermining the Old Narrative: Trump’s framing treats peace as a prize for dealmaking; Machado’s framing treats peace as a struggle embedded in sovereignty.

• Message to Global Order: In a time when financial and institutional systems are fracturing, honoring someone rooted in resistance suggests prestige is shifting toward those who build from the ground up.

The Bigger Implication — Who Sets the Story of Peace?

If peace is defined by treaties and accords, Trump’s narrative fits.
If peace is defined by resilience, justice, and transformation, Machado’s narrative holds deeper weight.
The Nobel decision may reflect a transition: from honoring political actors of scale to honoring agents of structural change.

Why This Matters / Key Takeaway

Trump may claim to have ended wars, but the Nobel honors those whose peace work withstands time, repression, and systemic pressure.
Choosing Machado over Trump is more than a prize decision — it signals a shift in how the world measures peace and power in an era of realignment.

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

@ Newshounds News™ Exclusive

Sources:
• NobelPrize.org – 2025 Nobel Peace Prize press release NobelPrize.org
• Reuters – Machado wins Nobel Peace Prize Reuters
• CBS News – Nobel Peace Prize awarded to Machado CBS News
• Washington Post – Nobel and Trump position The Washington Post
• FactCheck.org – Trump’s war-stopping claims analysis FactCheck.org
• The Independent – Expert views on Trump’s Nobel campaign The Independent
• The Guardian – coverage of Machado’s selection The Guardian

~~~~~~~~~~~~

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“Tidbits From TNT” Friday 10-10-2025

TNT:

Tishwash:  US Senate unanimously endorses repeal of 2002 Iraq war resolution

WASHINGTON (AP) — More than two decades later, Congress is on the verge of writing a closing chapter to the war in Iraq.

More than two decades later, Congress is on the verge of writing a closing chapter to the war in Iraq.

The Senate voted Thursday to repeal the resolution that authorized the 2003 U.S. invasion, following a House vote last month that would return the basic war power to Congress.

The amendment by Virginia Sen. Tim Kaine, a Democrat, and Indiana Sen. Todd Young, a Republican, was approved by voice vote to an annual defense authorization bill that passed the Senate late Thursday — a unanimous endorsement for ending the war that many now view as a mistake.

Iraqi deaths were estimated in the hundreds of thousands, and nearly 5,000 U.S. troops were killed in the war after President George W. Bush’s administration falsely claimed that then-President Saddam Hussein was stockpiling weapons of mass destruction.

“That’s the way the war ends, not with a bang but a whimper,” Kaine said after the vote, which lasted only a few seconds with no debate and no objections. Still, he said, “America is forever changed by those wars, and the Middle East is too.”

Supporters in both the House and Senate say the repeal is crucial to prevent future abuses and to reinforce that Iraq is now a strategic partner of the United States. The House added a similar amendment to its version of the defense measure in September, meaning the repeal is likely to end up in the final bill once the two chambers reconcile the two pieces of legislation. Both bills also repeal the 1991 authorization that sanctioned the U.S.-led Gulf War.

While Congress appears poised to pass the repeal, it is unclear whether President Donald Trump will support it. During his first term, his administration cited the 2002 Iraq resolution as part of its legal justification for a 2020 U.S. drone strike that killed Iranian Gen. Qassim Soleimani. It has otherwise been rarely used.

Young said after the vote that he thinks Trump should “take great pride” in signing the bill after campaigning on ending so-called “forever wars,” especially because he would be the first president in recent history to legally end a longstanding war.

He said the vote establishes an important precedent.

“Congress is now very clearly asserting that it is our prerogative and our responsibility not only to authorize but also to bring to an end military conflicts,” Young said.

The bipartisan vote, added to the larger bipartisan defense measure, came amid a bitter partisan standoff over a weeklong government shutdown. Young said the quick vote was an “extraordinary moment” that he hopes “will help some people see that we can still do consequential things in the U.S. Congress.”

The Senate also voted to repeal the 2002 resolution two years ago on a 66-30 vote. While some Republicans privately told Kaine that they were still opposed to the measure, none objected to the unanimous vote on the floor Thursday evening.

A separate 2001 authorization for the global war on terror would remain in place under the bill. While the 2002 and 1991 resolutions are rarely used and focused on just one country, Iraq, the 2001 measure gave President George W. Bush broad authority for the invasion of Afghanistan, approving force “against those nations, organizations, or persons” that planned or aided the Sept. 11, 2001, attacks on the United States.

Passed in September 2001, it has been used in recent years to justify U.S. military action against groups — including al-Qaida and its affiliates, such as the Islamic State group and al-Shabab — that are deemed to be a threat against America.  link

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

Tishwash:  Preemptive strikes thwart attempts to promote counterfeit currency in Iraqi markets.

The Parliamentary Security and Defense Committee revealed, on Wednesday, that new qualitative strikes had been directed against networks specialized in counterfeiting local and foreign currency in several governorates.

Committee member, MP Yasser Iskandar, told Al-Maalouma Agency, “Several joint and specialized security teams have succeeded over the past two weeks in carrying out four qualitative operations during which a number of suspects were arrested and counterfeit money was seized that was on its way to the markets.”

He added that "these operations came within the framework of a distinguished intelligence effort aimed at blocking the path of these networks that are trying to harm the national economy by counterfeiting and circulating currency," noting that "citizens' awareness and cooperation with the security services have contributed fundamentally to the success of many of the seizure procedures."

Iskandar pointed out that "investigations are ongoing to uncover the nature of the work of these networks and completely block attempts to re-counterfeit currency in the future."   link

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

Tishwash:  Italy considers Iraq, Kurdistan safe for Italian investors, eyes deeper economic ties

Italy is pushing to expand its business footprint in Iraq and the Kurdistan Region beyond oil and energy, the country’s ambassador to Iraq told Rudaw in an exclusive interview on Tuesday, as Baghdad and Erbil’s growing stability and developments across all sectors draw renewed interests from European investors. 

 “We started our cooperation decades ago, and the two main sectors were infrastructure, construction, and energy sector, so oil and gas mainly,” Italy’s Ambassador to Iraq Niccolo Fontana told Rudaw, adding Rome’s diplomatic missions in Iraq are currently focused on diversifying cooperation into non-oil fields.

Rome and Erbil enjoy good ties and last year Italy upgraded its consulate in Erbil to a consulate general.

 Italy is a member of the global coalition against the Islamic State (ISIS) that was formed by the United States in 2014 when the terror group seized control of a swath of Iraqi and Syrian land. Italian forces have had a key role in training Kurdish Peshmerga forces.

 A year into office in Iraq, the Italian ambassador said he had witnessed clear signs of transformation and economic momentum. 

 “I saw a transformed city for the better, notably in terms of infrastructure. But I see a lot of construction works going on, both in Baghdad and Erbil,” he said, adding that “We say in Italy that when there is construction going on, it means there's a push towards social economic development.”

 “What we as an embassy and with the consulate general in Erbil, are trying to do right now is to attract more companies in non-oil sectors,” the ambassador said, adding Rome is encouraging companies to work in the “agro industrial sector” to work in Kurdistan, underscoring the safety and security in the Region. 

 Fontana described “stability” as “the right word to describe what's going on now in the country,” crediting both Baghdad and Erbil for playing “a role as a stabilizing factor in the region.”

 The ambassador noted that his country is “committed to working alongside Iraq and Kurdistan to enhance furthermore this development,” highlighting a shared interest in stability and economic diversification. 

 “Together with the Kurdish government, we organized a mission to Rome last July, and apparently we succeeded in convincing an important Italian group to come here,” the ambassador revealed, adding that “they are coming in mid-October here to check, really in person, if those opportunities are real, and how to cooperate with local partners.”

 As Iraq and Kurdistan seek to attract broader foreign investment, Italy’s strategy aligns with their vision of diversifying the economy, strengthening local industries and deepening regional ties. 

Below is the full transcript of the interview with Niccolo Fontana. link  link

Mot: Who Else can Relate – siigghhhhh 

Mot:   Warning fir Ya!!!!

Seeds of Wisdom RV and Economics Updates Friday Morning 10-10-25

Good Morning Dinar Recaps,

BRICS Digital Currency Network Bypasses the West — Dollar Weakens

As BRICS nations integrate digital currencies, they’re quietly rerouting global finance away from Western control.

What Is Unfolding

• BRICS is not launching a single unified digital currency for now, but is integrating Russia’s digital ruble, China’s digital yuan, and India’s digital rupee into a combined payments infrastructure. 

• The system is expected to become operational between 2026 and 2027, allowing direct conversions between national digital currencies — without intermediaries such as Western banks or SWIFT. 

• The BRICS Pay platform will act as a messaging / settlement layer, tying together other national systems like SPFS (Russia), CIPS (China), UPI (India), and PIX (Brazil). 

Why This Is a Strategic Shift

• Dollar Bypass: By enabling settlement in local digital currencies, transactions can stay within BRICS rails, reducing exposure to dollar-based sanctions or surveillance.

• Soft De-Dollarization: This isn’t an overnight dethroning. It’s gradual: local-currency trade, payment infrastructure integration, and settlement mapping instead of an outright currency swap.

• Autonomy & Resilience: Nations in the bloc gain more independence from Western financial chokepoints — reinforcing sovereignty in money flows.

Challenges & Unanswered Questions

• Trust & Stability: How will exchange rates be managed between digital currencies? How to prevent volatility?

• Adoption & Scale: For new rails to matter, a critical mass of trade volume and users is needed — plus cross-border liquidity.

• Interoperability: Will BRICS digital rails integrate with or conflict with existing global systems (e.g. correspondent banking)?

• Gold or Asset Backing? Some speculation suggests backing in gold, but no official commitment has been made yet. 

Global Implications

• Erosion of Dollar Hegemony: As more trade migrates off-dollar, the U.S. dollar’s dominance in global reserves and payments could gradually weaken.

• Financial Bloc Formation: This may accelerate the emergence of regional financial zones — BRICS rails on one side, Western rails on another.

• Credit & Capital Flow Shifts: New corridors of investment may favor nations aligned with BRICS rails, altering capital allocation.

• Sanctions Recycle: In future conflicts, excluded nations might plug into BRICS rails to evade financial isolation.

Why This Matters / Key Takeaway

BRICS isn’t trying to smash the dollar overnight — it’s building alternative rails under its feet.
Once payment, settlement, and currency infrastructure realign, the dollar’s grip becomes more symbolic than structural.
The future architecture of global liquidity is being sketched today — and it may center outside the Western system.

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

@ Newshounds News™ Exclusive

Sources & Further Reading
• Watcher.Guru – BRICS Digital Currency Network Bypasses the West, Dollar Weakens Watcher Guru
• GIS Reports – BRICS making progress on payment system GIS Reports
• InvestingNews – How Would a New BRICS Currency Affect the US Dollar? Investing News Network (INN)
• Wikipedia – BRICS Pay Wikipedia
• Hudson Institute – How to Counter BRICS and Preserve Global Dollar Dominance Hudson Institute
• ArXiv – Prospects of BRICS Currency Dominance arxiv.org

@ Newshounds News™ Exclusive
Source:  

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Iraq Economic News and Points To Ponder Friday Morning 10-10-25

The Biggest Corruption Disaster In Iraq's History: $35 Billion Is "Stolen" Annually, And $775 Billion In Losses Are "Without A Trace."

Five National Budgets   Politics / Economy / Special Files Yesterday, 5:00 PM | 11:18  Baghdad Today – Baghdad  Iraq is experiencing what can be described as   an "economy plagued by structural corruption."
 
Corruption is no longer a passing incident  or a deviation in administrative behavior,  but has become an integral component of the power equation  and a hidden driver in political and economic decision-making circles.

Monitoring and research estimates indicate that  Iraq has lost more than $600 billion over two decades  due to administrative and financial corruption,   at a time when actual spending on  infrastructure,  education, and  health  did not exceed 20% of total oil revenues.
 
However, this tally,  officially announced by former Prime Minister Mustafa Al-Kadhimi in 2023,  only covers the period until mid-2020.
 
This means that the last five years (2021–2025)  remain beyond any comprehensive official disclosure,  despite the accumulation of cases and scandals witnessed by state institutions.
 
According to observers, the continued absence of updated data after 2020  indicates that the corruption hemorrhage is ongoing  and may have worsened in some sectors  that have not yet been subjected to actual scrutiny.
 
If the same annual rate of losses recorded up to 2020,  amounting to approximately $35 billion annually, were adopted, the   subsequent five years (2021–2025) would have added   approximately $176 billion to the total waste and embezzlement.
 
Thus, the estimated total accumulated losses today could exceed $775 billion,    equivalent to five full Iraqi budgets according to 2024 figures.
 
This mathematical equation demonstrates that the  persistence of the corruption structure at the same pace  means that the state has not stopped the bleeding,  but rather shifted it from one stage to another  without a genuine institutional rupture.
 
This makes the   cost of corruption in Iraq escalating over time   and politically complex.
 
This figure alone—even in its incomplete form—  is sufficient to depict the magnitude of the structural crisis that has   afflicted state institutions and   weakened their ability to provide   even the most basic public services,  despite the fact that total oil revenues since 2003 have exceeded $1.2 trillion.
 
This figure summarizes   a horrific gap between realized wealth and development returns,  and between what was collected and what was wasted.
 
Institutional analyses confirm that   these losses represent not only wasted money,  but also lost "political capital."
 
Corruption has impacted public trust in the state   and Iraq's standing   on international integrity indicators,  ranking 140th out of 180 countries in  Transparency International's 2024 Corruption Perceptions Index.
 
This continued decline not only means that corruption persists,  but that it is now measured more by the   extent of the collapse of trust in oversight institutions  than by the amount of stolen assets.

Thus, every reform attempt—no matter how belated—  turns into an existential test for the state itself:
 
Is it still capable of holding itself accountable,  or has corruption become a condition of its political survival?
 
When we talk about $600 billion,  we are not talking about a figure in accounting books,  but rather 3.7 times Iraq's current annual budget,  which amounts to approximately $162.9 billion  according to the 2024 budget law.
 
In other words,  the funds wasted until 2020  were enough to finance Iraq's entire budget for four consecutive years  without exporting a single barrel of oil.
 
If we add the documented cases that occurred after 2020—    most notably the "theft of the century," which alone amounted to $2.5 billion—  the actual losses appear to be much greater than the official figure.
 
Since that year,  no government has released an updated financial statement, and  no cumulative figures have been presented to parliament  regarding the amount of recovered or wasted funds,   meaning that the lost budget has already exceeded the $600 billion ceiling.
 
By simple comparison,  Jordan, with an annual budget of approximately $25 billion,  could have been fully funded for 24 years from these wasted funds.
 
Lebanon, with a budget of no more than $16 billion,   could have covered its public spending for 37 consecutive years.
 
Syria, with a budget ranging between $8 and $10 billion,  could have funded its budget for approximately 60 years.
 
These amounts would be sufficient   to cover Kuwait's $80 billion budget for seven full years.
 
Independent economic estimates indicate that  this figure would be sufficient to build  10,000 modern schools,  1,000 hospitals, and  5,000 integrated housing complexes, as well as  establish a self-sufficient national electricity system, in addition to  water and sewage networks covering all governorates.
 
It is, in essence, a budget for rebuilding a country from scratch,  but it has disappeared into a vortex of  illusory contracts,  shoddy deals, and  political quotas  that have reproduced corruption with each election cycle under new guises.
 
In this context, MP Yasser Al-Husseini confirmed, during an interview with Baghdad Today, that  "the oversight and judicial authorities are proceeding with   one of the most important stages of   combating corruption in Iraq's history, by   referring 22 files that are considered   the most important in our battle against corruption  to the judicial authorities,  including the Public Prosecution,  the Integrity Commission, and the  Board of Financial Supervision."

He added,  "The ball is now in the court of the judiciary,  which has the final say in resolving these cases."
 
Cross-referenced legal readings  confirm that the referral of this number of cases at this time  represents a moment of dual political-judicial pressure.

On the one hand, the current government is trying to demonstrate  its seriousness in combating corruption just one month before the end of its term.
 
On the other hand,  the judiciary finds itself facing a simultaneous test of independence and speed.
 
Legal deliberations indicate that the  value of these referrals is not measured by their number,  but rather by the standing of the individuals and institutions they target,  and the judicial system's ability to overcome the political pressures  that typically accompany major cases.
 
Past experience confirms that most similar cases were closed  under the pretext of "insufficient evidence"  or were transferred to subsequent governments.
 
This means that the true success of these referrals   will not be measured by the announcement,  but by the enforceable judicial ruling.
 
Anti-corruption expert Saeed Yassin Musa told Baghdad Today,  "The lack of serious accountability and   the dominance of political forces over institutions  are the most prominent reasons for the persistence of corruption.
 
The entities or individuals involved in major cases   have not been held accountable,  despite the existence of official documents and reports  proving the extent of the violations and transgressions."
 
Research studies confirm that what Iraq is facing is not "individual corruption,"   but rather an integrated system of influence extending across the  political,  administrative,  financial, and  legal levels.
 
Such that state institutions have become spheres of partisan influence  rather than neutral executive units.

According to public administration studies, the  lack of civil service independence, the  lack of transparency in government contracting, and the  integration of oversight bodies within the party system  have made combating corruption nearly impossible  without radical and comprehensive administrative reform.
 
This is why Musa emphasizes that  "restoring confidence in the Iraqi economy cannot be achieved  without  sincere political will and  firm legal measures  that restore the state's prestige and  halt the drain on public funds that threatens the country's future development."
 
He calls for the implementation of the principle of  "where did you get this from" and the  enactment of laws that protect whistleblowers  and require public disclosure of financial assets.
 
Political assessments unanimously agree that the  timing of the referral of these files—  one month before the elections—  raises suspicion,  not because they are unimportant,  but because they follow years of silence and oversight procrastination.
 
The government, preparing to hand over power,  appears to be seeking to leave a last-minute moral impact  rather than actual reform.

According to modern political approaches,  the fight against corruption is not measured by the extent of its announcement,  but rather by its sustainability.
 
Delayed measures   are not enough to change the general impression in a country  where most citizens believe that selective accountability  has become part of the political game itself.
 
Academic readings indicate that  a state that postpones confrontation  until the moment of farewell  loses the legitimacy of reform  because it chose not a difficult  but a safe time.
 
True reform does not occur when power is at its demise,  but when it is at the peak of its power,  able to confront challenges  without electoral calculations or coalition agreements.
 
The loss of $600 billion—until 2020—  represents a magnifying glass of the structural flaws in the Iraqi state.
 
What makes the picture even bleaker, however,  is that no official disclosure of the new toll has been made in the five years since,  despite the accumulation of major cases that have yet to be opened.
 
This means that the actual figure today   may exceed $7 billion of the total wasted budget.
 
While the referral of 22 difficult cases represents a positive development in form,  its substance will remain dependent on the  judiciary's ability to overcome political will  and apply justice without selectivity.
 
What will decide the battle against corruption in Iraq   is not the number or size of the cases,  but the state's ability to hold itself accountable  before holding others accountable.
 
A state that wastes enough resources to build three neighboring countries,  then refers corruption cases in the final weeks of its political cycle,  is not practicing actual reform  as much as  it is offering a delayed admission of its structural inability to manage accountability in a timely manner.
 
Every missing dollar of those six billion is documentary evidence of the state's absencewhen it should be present as a guarantor of justice and oversight.
 
Every case closed without an enforceable rulingis an embodiment of the continuing imbalance between law and authority,where justice remains deferred in text before being deferred in application.     https://baghdadtoday.news/284866-35-775.html  

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

MilitiaMan and Crew: IQD News Update-Central Bank-Oil & Gas-Digital Currency

MilitiaMan and Crew: IQD News Update-Central Bank-Oil & Gas-Digital Currency

10-9-2025

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=lW36PHWAf_E

Iraq Economic News and Points To Ponder Thursday Morning 10-9-25

Central Bank Governor: We Have Received 80 Applications To Establish Digital Banks.

Buratha News Agency  2025-10-09   The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced on Thursday that the bank has received approximately 80 applications to establish digital banks, stressing that the names of licensed digital banks will be announced soon. Al-Alaq told the official agency, "The Central Bank has received between 70 and 80 applications to establish a digital bank. This number can only be licensed according to a set of criteria based on market studies, the nature of the work, and the experiences of other countries, where the number of digital banks usually does not exceed two, three, or four."

He continued, "Therefore, we have begun vetting processes to determine requirements in a way that ensures that licenses are granted to entities with the best qualifications." He emphasized, "We are now in the final stages of announcing the banks that will be licensed."

He added, "Before making the final decision, we engaged Oliver Wyman to review the criteria set by the Central Bank, based on which licenses will be granted."

Al-Alaq also explained that "the aforementioned company has been studying these criteria over the past few days, having been preoccupied with the banking reform file and the comprehensive plan, and we believe we will receive a final answer within the next few days."   http://burathanews.com/arabic/economic/466243

Combating Financial Fraud Enhances Confidence In The Banking Sector.

Samir Al-Nusairi   Due to the successes achieved by the government and the Central Bank during the years (2023-2025) in expanding the field of digital transformation, activating electronic payment, and spreading the culture of using electronic cards among citizens.

The Central Bank and banks have begun receiving complaints of electronic financial fraud involving the exploitation of the accounts of retirees and various segments of society, particularly this year. Several cases of electronic financial fraud have been identified, including the withdrawal of deposits and salaries from employees' and bank customers' accounts using various fraudulent methods, which constitute financial crimes punishable by the Iraqi judiciary.

In addition to the entry and exit of funds through unofficial border crossings, which are exploited for currency counterfeiting and money laundering, the Central Bank has announced the creation of a complaints platform and is urging banks to launch a broad media and advertising campaign to warn citizens of the dangers of engaging in these illegal activities and their potential to harm the national economy.

Government agencies, the judiciary, and oversight bodies in Iraq have amended their applicable laws, issued new instructions and proactive controls, and developed procedural and electronic means to combat these crimes and protect their funds and the national economy.

Iraq, like other countries, has activated its economic and legislative apparatus and institutions to combat these crimes. It issued Anti-Money Laundering Law No. 39 of 2015, which included 12 chapters and articles that defined the crimes covered by the law and the penalties for each financial crime.

It also adheres to international standards that limit money laundering issued by the FATF, in addition to the crimes of counterfeiting, forgery and fraud stipulated in the Iraqi Penal Code and the instructions issued by the financial and monetary authorities, represented by the Central Bank of Iraq and the Ministry of Finance, to combat these crimes with the aim of preserving Iraq’s funds, especially its foreign currency, due to the impact of these crimes on the national economy and the creation of stifling economic and financial crises, which reflects on sustainable development.

The serious matter that contributes to the spread of this phenomenon is the weak compliance of financial and banking institutions with international compliance rules and standards, which means they are exposed to financial risks of all kinds, the most important of which are reputational risks, which directly affect Iraq’s international economic, financial and banking transactions, which affect Iraq’s external economic relations with countries around the world, especially the financial and banking transactions of Arab and foreign correspondent banks.

However, laws alone and internal judicial procedures cannot combat these financial crimes, which requires the development of local and international proactive electronic oversight methods by adopting mechanisms and policies regulated by international agreements for cooperation in reducing financial crimes related to money laundering, terrorist financing and electronic financial crimes related to electronic payment operations. https://economy-news.net/content.php?id=60929

Gold Prices Fall Globally After A Record Rally

Thursday, October 9, 2025, 09:57 AM | Economics  Number of reads: 249  Baghdad / NINA / Gold prices fell on Thursday, after a record rally that pushed the metal above the $4,000 per ounce barrier for the first time ever, as investors headed towards profit-taking following the historic rise amid economic and geopolitical uncertainty.

Spot gold fell 0.4% to $4,020.99 per ounce by 03:02 GMT, after hitting an all-time high of $4,059.05 on Wednesday. US gold futures for December delivery also fell 0.7% to $4,040.70.

In other precious metals, spot silver fell 0.1% to $48.83 an ounce after hitting an all-time high of $49.57. Platinum fell 0.8% to $1,649.81, and palladium fell 0.1% to $1,447.81. https://ninanews.com/Website/News/Details?key=1256074

Iraqi Oil Prices Stabilize Again In Global Markets.
economy | 09:40 - 09/10/2025  Mawazine News - Baghdad -  Iraqi oil prices stabilized during daily trading on Thursday in the global market.

According to data released by Mawazine, Basra Medium crude rose to $65.63 per barrel, while Basra Heavy crude reached $64.08 per barrel, a change of -0.09 for both.

As for global oil prices, British Brent crude reached $66.16 per barrel, while US West Texas Intermediate crude reached $62.51 per barrel, with a change of -0.16 and -0.09, respectively.  https://www.mawazin.net/Details.aspx?jimare=268083

The Dollar Closed Lower Against The Dinar In Baghdad.

Economy | 04:23 - 09/10/2025   Mawazine News – Baghdad  The dollar exchange rate fell in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, today, Thursday, with the stock exchange closing at the end of the week.

The dollar exchange rate fell in Al-Kifah and Al-Harithiya, recording 141,600 Iraqi dinars for every $100, while this morning it recorded 141,700 dinars for every $100.

Selling prices also decreased in the exchange market in the local markets in Baghdad, where the selling price reached 142,500 dinars for every $100, while the buying price reached 140,500 dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=268110

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