US Banking Crisis Incoming, Market Stock Reveals Deeper Credit Threats

US Banking Crisis Incoming, Market Stock Reveals Deeper Credit Threats

Lena Petrova:  10-19-2025

The recent tremors in the U.S. banking sector have sent a ripple of unease through the investment community.

While headlines often focus on massive corporate collapses, a closer look reveals a more insidious threat brewing within the heart of finance: allegations of loan fraud at regional banks, which, despite relatively modest sums, have triggered outsized market reactions.

This week, we’re diving into a concerning trend highlighted by recent analysis, focusing on alleged fraud cases involving Zion’s Bancorp and Western Alliance Bancorp.

These incidents, reportedly linked to loan fraud connected to investment funds associated with Andrew Stupin and Gerald Marcil, might involve around $60 million.

While this figure pales in comparison to the billions lost in colossal corporate meltdowns like Tricolor Holdings and First Brand Group, the market’s intense response speaks volumes. It signals a deeper, more pervasive anxiety about the stability of the American financial system, with a particular spotlight on its regional players.

The narrative emerging from these events is far more complex than simply a few bad actors. It paints a picture of an industry grappling with the consequences of years spent navigating an era of historically low interest rates.

To chase yield in that environment, many banks and investment funds ventured into riskier assets, including commercial real estate and subprime loans. Now, as the era of cheap money draws to a close, the true quality of these investments is being stress-tested, and the cracks are beginning to show.

Adding fuel to the fire were pointed remarks from Jamie Dimon, CEO of JPMorgan Chase. His warning that “visible problems likely signify more hidden issues” in the credit system resonates deeply. This sentiment suggests that what we’re seeing might just be the tip of a much larger iceberg, hidden beneath the surface of financial statements.

The vulnerability of regional banks in this scenario is particularly pronounced. Unlike their larger, more diversified counterparts, these institutions often lack the robust balance sheets and broad portfolio spread to absorb even minor shocks.

This means that a seemingly modest level of credit losses could, in the current climate, escalate into a full-blown crisis for them.

Recent bank filings offer a fascinating glimpse into how different institutions are assessing risk. JPMorgan Chase, for instance, has significantly boosted its loan loss provisions, a clear signal that they are bracing for potential downturns.

In contrast, major players like Morgan Stanley, Wells Fargo, and Bank of America have reduced their provisions. This divergence in approach suggests a distinct split in risk appetite and confidence within the industry, with some clearly anticipating sterner headwinds than others.

The coming months are poised to be a critical period for the financial system. If further credit losses begin to surface, especially in sectors like commercial real estate or auto lending, investors may start to perceive these not as isolated incidents but as undeniable symptoms of a broader credit reckoning.

The fragile state of the financial system is a reality we can no longer ignore.

As the market continues to digest these developments, regional banks, with their inherent vulnerabilities, may indeed find themselves on the front lines, facing the most significant consequences should conditions continue to deteriorate.

For a deeper dive into these crucial issues and a comprehensive overview of the latest insights, be sure to watch the full video from Lena Petrova. Understanding these dynamics is essential for navigating the current economic landscape.

https://youtu.be/d6cd_dxteY0

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 10-19-25

Good Afternoon Dinar Recaps,

BRICS Dominates Rare Earth Minerals as Supply Grows 12.6%

The world’s most strategic resources are now instruments of power — and BRICS knows it.

The Landscape of Power Minerals

Rare earth elements (REEs) are no longer a niche market. They are essential inputs for electric vehicles, wind turbines, advanced electronics, and defense systems.

According to the International Energy Agency (IEA), the production and refining of these minerals remain heavily concentrated — and China sits firmly at the center.

  ● China controls roughly 61% of rare earth mining output worldwide.
  ● Over 90% of global processing and refining occurs in China.
  ● Diversification efforts have slowed, leaving critical supply chains increasingly exposed.  

When one nation dominates both extraction and processing, supply security becomes geopolitical leverage.

What the 12.6% Growth Really Means

The General Administration of Customs of China reported that BRICS’ collective rare earth supply rose by 12.6% between January and September 2025 — about 48,350 additional tonnes year-on-year.

However, the details reveal a more complex picture:

  ● While volume rose, export value fell by 7.8% to $342.3 million.
  ● In September 2025, exports plunged 30.9% compared to August, falling to about 4,000 tons.
  ● China has introduced tighter export controls and selective licensing for key customers.

In short: BRICS may be producing more, but Beijing is deciding who gets access — and under what terms.

China’s Strategic Lever

For Beijing, control of rare earths isn’t merely economic — it’s strategic influence.
Refining dominance gives China a powerful tool to shape trade relations and respond to political pressure.

  ● New export restrictions (Notification No. 61/2025) extend to magnets, alloys, and advanced technologies.
  ● These rules apply even to foreign firms using China-sourced minerals.
  ● Supply preferences now favor BRICS partners and politically aligned states.

In effect, rare earths have become a diplomatic currency, reinforcing China’s role as the indispensable middleman in the green-tech economy.

Impact on the United States and Global Markets

The United States and allied economies face mounting risks from this concentration:

  ● Over-reliance on Chinese processing exposes defense, tech, and energy sectors to supply shocks.
  ● The IEA warns that diversification efforts are progressing too slowly to mitigate medium-term risk.
  ● President Trump’s administration has threatened 100% tariffs on Chinese goods in response to export reductions.
  ● Global markets have already seen volatility as rare earth trade tensions escalate.

Even with higher global output, supply access — not supply volume — now drives price and policy decisions.

The Bigger Picture

This rare earth shift embodies the deeper global transformation underway:
economic blocs are redrawing the resource map to align production with political strategy.

  ● BRICS nations are consolidating control over critical materials.
  ● Western economies are seeking rapid decoupling through domestic mining and recycling initiatives.
  ● The outcome will determine which nations dominate the next phase of industrial power — from semiconductors to defense tech to energy transition materials.

It’s a microcosm of a larger restructuring — a contest for control not of money, but of the inputs that make economies function.

Outlook: What to Watch

1. Access vs. Output
Track export licenses, not just production numbers. Beijing’s policy shifts can outweigh market fundamentals overnight.

2. Diversification Efforts
The U.S., Australia, and Canada are investing heavily in refining capacity — but timelines remain long and costs high.

3. Pricing Volatility
When exports drop while production rises, price distortions and speculative pressures usually follow.

4. Strategic Realignments
Expect BRICS coordination on critical minerals policy to strengthen as trade frictions grow.

Why it Matters

BRICS’ rare earth output rose 12.6% in 2025 — but beneath that growth lies a power play.
Control of these materials determines who builds the technologies of tomorrow, and on whose terms.

This is not just a story about commodities or percentages.
It’s the story of how economic influence and geopolitical leverage are converging — reshaping trade, industry, and alliances in real time.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• International Energy Agency (IEA): Global Critical Minerals Outlook 2025

• Reuters: China Tightens Rare Earth Export Controls (Oct 2025)

• Chatham House: China’s New Restrictions on Rare Earth Exports Send a Stark Warning West (Oct 2025)

• CSIS: Developing Rare Earth Processing Hubs (2025)

• Watcher Guru: BRICS Dominates Rare Earth Minerals, Supply Increases by 12.6% (Oct 2025)

~~~~~~~~~

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“Tidbits From TNT” Sunday 10-19-2025

TNT:

Tishwash:  A driver was arrested for attempting to smuggle counterfeit foreign currency through the Qaim border crossing.

The Border Ports Authority announced, on Saturday, the arrest of a driver who attempted to smuggle counterfeit foreign currency through the Al-Qaim port.

The authority said in a statement, "The Al-Qaim Border Port Directorate was able to apprehend an Iraqi driver while attempting to smuggle counterfeit foreign currency, in addition to 22 ancient coins, a number of foreign passports and SIM cards."

The statement added, "The seizure operation was carried out in coordination and cooperation with the Customs Center and supporting departments at the port."

It pointed out that "a formal seizure report was prepared, and the driver and the seized items were referred to the Al-Qaim Police Station to complete the necessary legal procedures."  link

Tishwash:  Prime Minister's Advisor: Iraq is experiencing its most stable period thanks to strong foreign reserves.

 The Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, issued a clarification on Sunday regarding Iraq's internal and external debt.

While noting that domestic borrowing represents only 18 percent of the total precautionary debt, he confirmed the existence of committees working with international companies to convert a portion of the domestic debt into investment vehicles.

 Saleh told the Iraqi News Agency (INA): "There is a blurry picture in interpreting the issue of external debt, as the external debts due until 2028 do not exceed $9 billion, which constitutes mostly half of the country's total external debt," indicating that "there are coordinated repayment mechanisms between the Ministry of Finance and the Central Bank, which are highly governed and transparent, and are settled accurately within a strict program and allocations in the federal general budget, and are periodically extinguished with the international creditor community."

He added, "The total external debt does not exceed what was mentioned above, and the amounts mentioned in the Central Bank's letter require explanation, as Iraq is not obligated to pay them, especially the $41 billion, as they are subject to the Paris Club agreement of 2004, which wrote off 80% or more of those debts related to the Iran-Iraq war, or what are called pre-1990 debts."

He continued, "As for the domestic debt referred to in the Central Bank's letter, it is the result of the accumulation of financial, security, financial and health crises that the Iraqi economy has been exposed to over the past decade and since the war on ISIS terrorism. This has been accompanied in recent years by severe geopolitical factors that have exposed global oil markets to a decline in prices due to the decline in growth in the global economy."

He explained that "the borrowing undertaken by the current government as domestic debt constitutes only 18% of the total precautionary domestic debt included in the federal general budget (the three-year budget) pursuant to Law No. 13 of 2023 for the years 2023-2025."

He stated that "the internal debt, which amounts to approximately 91 trillion dinars, is mostly held by the government banking system and under high-level financial and technical management," noting that "there are specialized committees working in cooperation with international consulting companies to convert a large portion of that internal public debt into productive investment tools within a national fund to manage the aforementioned internal debt in a manner that aims to stimulate the real economy and transform debt obligations into investment opportunities in the real sector of the Iraqi economy." He explained that "Iraq is currently experiencing the most stable period due to the strength of foreign reserves, the function of which is to stabilize the purchasing power of the Iraqi dinar and sustainable development."  link

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

Tishwash:  Washington listens to Baghdad: Ambitious financial reforms seek credible implementation and institutional change.

This week, the Iraqi delegation participated in a banking reform conference held in Washington on the sidelines of the IMF and World Bank meetings. The event is a practical test of Baghdad's ability to present a realistic picture of the results of its economic program.

The Iraqi delegation, which included a number of advisors and financial officials, sought to highlight the reform steps achieved over the past two years as indicators of the country's transition from crisis management to building a modern economic system.

Advisor to the Prime Minister, Saleh Mahoud Salman, who presented Iraq's paper at the conference, outlined a series of measures he described as "a pivotal stage in the path of economic and financial reform." He explained that the government is "implementing a strategic banking reform package in cooperation with the Central Bank and international consulting firms," ​​focusing on "restructuring government banks, expanding financial inclusion, and automating the customs and tax system."

However, this proposal, while important from an administrative perspective, raises broader questions about the depth of the transformation and its compatibility with the requirements of a rapidly evolving global economy.

Reform in a financial environment like Iraq's, where structural challenges intertwine with political constraints, is not measured by the number of projects as much as it is by the state's ability to change the behavior of the financial system itself.

Indicators of reform... but to what extent?

The government says the preparation of a three-year budget represents a qualitative shift in financial planning, an unprecedented step in the modern history of Iraq. However, financial economists point out that the success of this model depends on the availability of accurate data and stable monetary policy, two conditions that still face challenges in a financial environment that relies on oil revenues for more than 90% of the country's GDP.

Institutional economists believe that "budget stability does not necessarily mean stable growth," as volatility in oil prices and weak economic diversification make any long-term planning vulnerable to disruption in the event of a global crisis or a decline in demand for crude oil.

In contrast, the Prime Minister's advisor points out that the government has been able to increase customs and tax revenues by automating the customs system using the UN-approved ASYCUDA program, which reflects the beginning of bridging the gap between the formal and parallel economies.

However, economic researchers believe that the success of this step requires an effective regulatory system and a flexible administrative structure, as technology alone is not sufficient to change work culture or reduce administrative corruption, which is one of the most prominent obstacles to financial reform in Iraq.

Financial inclusion and digital transformation: between ambition and capability

Electronic payment systems are one of the areas that have witnessed the most tangible progress, with financial inclusion rising from less than 10% to more than 40% in two years, according to the government advisor.

This digital leap is an indicator of a gradual shift in citizens' financial behavior, especially with the expanding use of bank cards and mobile payment services.

However, banking observers believe that the quantitative expansion is not matched by qualitative developments in the banking structure. Banking services in most government banks remain traditional and rely on paper transactions, while the private sector suffers from restrictions in accessing external financing.

Digital economy experts point out that the transition to an e-economy cannot be complete without a comprehensive legal and legislative environment that ensures protection from financial crimes and builds trust between citizens and the banking system.

Some economists argue that Iraq, despite its relative progress in this area, is still in the "experimental" phase and needs to integrate technology into the public financial management system, not just into individual transactions.

Banking Sector Restructuring: Reform or Role Rotation?

Restructuring state-owned banks (Rafidain, Rashid, Industrial, and Agricultural) is a key pillar of the government's plan. The government announces that it has increased the operational efficiency of these banks and begun reevaluating their assets. However, financial analysts believe that true reform cannot be achieved simply through administrative restructuring, but rather through the ability of these institutions to transform into sustainable financing entities that effectively contribute to driving local production.

Rafidain and Rashid, which represent approximately 80% of the banking market, still operate according to a traditional services model, while private banks face weak confidence from investors and depositors alike.

Banking finance experts point out that structural reform in the Iraqi banking sector requires gradual liberalization of credit policies and the activation of partnerships with regional banks, as a closed economy cannot benefit from global growth or external financing.

Poor institutional continuity and changing strategies

One of the most significant structural challenges facing economic reform in Iraq is the lack of institutional continuity. Each new government tends to reformulate the economic strategy from scratch, even in areas where tangible progress has been made.

This recurring pattern of "administrative rupture" hinders the accumulation of experience and leads to a loss of the institutional foundation necessary for any genuine reform process. Instead of building on previous programs and evaluating their results, plans are replaced by new projects presented under a different title, without any scientific review or analysis of previous policies.

Institutional economics researchers point out that this behavior reflects the weakness of the Iraqi state's institutional structure, as there are no permanent planning bodies or economic councils to ensure the continuity of policies regardless of changes in government.

Thus, the reform process often becomes a short-term political project, tied to the government's cycle rather than the economic cycle, limiting its ability to produce a sustainable economic impact or build internal and external confidence in fiscal policies.

Are these steps sufficient to keep pace with global transformations?

Iraq's experience with financial and banking reform demonstrates that the problem has never been a lack of vision, but rather its frequent interruptions. Each government introduces new plans, discarding previous ones, as if the state is starting from scratch with each political cycle. This behavior reflects not only a contradiction in priorities, but also a weak institutional structure that lacks a continuous economic memory capable of transferring experience and embedding successful policies.

Public economics studies confirm that the success of any financial reform depends more on accumulated experience and continuity than on the amount of funding or international support. In the Iraqi case, reforms are still managed according to the logic of the "governmental phase" rather than the "national phase," which makes them vulnerable to disruption as soon as the political orientation shifts.

The steps presented at the Washington conference reflect a clear technical effort, but they will not translate into actual achievement unless they are linked to independent institutions capable of protecting reform from political change. Reform is not achieved by changing plans, but rather by establishing an implementation mechanism that is not affected by changes in ministers or governments.

Thus, it can be said that financial reform in Iraq is moving in the right direction in terms of form, but it still requires a permanent institutional framework that ensures sustainability and transforms reform from a government initiative into a state-led process that remains unchanged by changes in leadership.  link

Mot: Its a Seasoning Thingy!!!! 

Mot: .. Coming soon!!!!!!  

Seeds of Wisdom RV and Economics Updates Sunday Morning 10-19-25

Good Morning Dinar Recaps,

Shaky Peace: U.S.-Brokered Middle East Truce and Rising Asian Border Tensions

Cease-fires signal calm — but deeper geopolitical shifts are underway.

Middle East Developments

The U.S. has announced what it called “peace in the Middle East” after mediating a cease-fire deal between Hamas and Israel, including the release of hostages.

However, analysts warn the declaration may be more symbolic than structural, as the core disputes over Gaza’s governance, security, and territory remain unresolved.

  ● Cease-fire terms were agreed under international pressure, yet fragile enforcement leaves open the risk of renewed clashes.
  ● Humanitarian access remains limited, with aid groups calling the situation “tenuous and conditional.”
  ● Analysts (The Guardian, Modern Diplomacy) note that Israel’s security cabinet remains divided over long-term governance plans for Gaza.
  ● Modern Diplomacy emphasizes that “the truce hangs by a thread,” with both sides bracing for possible violations amid high distrust.

Regional Ripples and Reconstruction

Peace declarations often trigger financial and geopolitical recalibrations across the region.
  ● Reconstruction flows: Billions in aid and private capital are being prepared for Gaza and surrounding economies.
  ● Refugee resettlement pressures are likely to shift demographics in Jordan, Lebanon, and Egypt.
  ● Energy and trade corridors could reopen, potentially linking Israel, Egypt, and Gulf economies under new U.S.-backed frameworks.
  ● Defense realignments are expected as Arab states reconsider U.S. and BRICS-led security partnerships.

Southeast Asia: A Second Front of Diplomacy

At the same time, a border conflict between Thailand and Cambodia has resurfaced — underscoring how fragile peace remains in Asia’s emerging power zones.
  ● Cease-fire talks are underway, with U.S. and ASEAN mediators active ahead of the Kuala Lumpur Summit (Oct 26–28).
  ● Strategic implications: Southeast Asia continues to serve as a proxy arena for great-power competition between the U.S. and China.
  ● Trade and infrastructure stakes are high, especially with cross-border supply chains and Belt and Road investments in play.

Why It Matters

  ● These peace efforts — from the Middle East to Southeast Asia — are not isolated.
  ● Each region reflects a broader financial and geopolitical realignment, driven by shifting alliances and competing global debt strategies.
  ● What appears as diplomacy is also a restructuring of influence, capital flows, and resource control across multiple continents.
  ● Cease-fires and negotiations are becoming tools of financial recalibration, shaping who finances reconstruction, who builds infrastructure, and who profits from new corridors of trade.
  ● The current moment marks more than a pause in conflict — it represents a rebalancing of the world’s economic architecture, negotiated through the language of peace.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• The Guardian — “First phase of cease-fire deal to end war in Gaza agreed by Israel and Hamas”:

• Reuters — “Why are Thailand and Cambodia fighting along their border?”:

• Modern Diplomacy: Gaza Border Crisis – Israel-Hamas Truce Hangs by a Thread

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U.S.–China Trade Tensions Deepen Amid IMF Warning and Global Markets Bracing for Impact
As tariffs and credit risks build, investors are reassessing global growth and market stability.

Global Outlook Turns Cautious

Global finance leaders meeting at the International Monetary Fund (IMF) and World Bank in Washington this week issued a sober warning: renewed U.S.–China trade frictions, rising sovereign debt, and tightening non-bank credit markets are forming a “triple squeeze” on the world economy.
  ● Trade tensions are resurfacing as Washington weighs new tariffs and Beijing retaliates with export controls — a dynamic the IMF calls a “drag on both growth and confidence.”
  ● High debt levels across emerging and developed markets are compounding the strain, with several countries approaching fiscal limits on public borrowing.
  ● Credit tightening among shadow lenders and private funds adds to systemic stress, signaling liquidity concerns beyond traditional banking.

Market Jitters and Safe-Haven Surge

At the same time, global markets reacted sharply to renewed uncertainty:
  ● Regional U.S. banks reported exposure to deteriorating commercial and private credit, triggering a selloff in financial shares.
  ● Global stock indices slipped, led by losses in Europe and Asia, while the S&P 500 fell amid heightened risk aversion.
  ● Gold surged to new highs, reflecting investors’ move toward safe-haven assets.

Investors are also bracing for a critical data week ahead, with U.S. inflation (CPI) and key corporate earnings — including Tesla, Netflix, and Intel — expected to shape sentiment.

Systemic Risks Converging

According to IMF officials, the intersection of trade pressures, debt overhangs, and credit fragility could transform isolated risks into a broader systemic stress event.
  ● Global growth forecasts have been downgraded again for 2025.
  ● Cross-border capital flows are slowing, reducing liquidity across emerging markets.
  ● The IMF cautions that “what appeared to be regional or sectoral risks are now becoming globally correlated.”

Implications and Outlook

While policymakers aim to stabilize expectations, the underlying trend suggests a realignment of global finance:
  ● Trade disputes are reshaping supply chains and accelerating the move toward de-dollarized trade blocs.
  ● Credit markets are exposing structural weaknesses in non-bank financial intermediaries.
  ● Investors are positioning defensively — signaling that volatility, not stability, may define the coming months.

Why it Matters

When trade wars, debt overhangs, and banking credit strains converge, we’re witnessing the architecture of the global financial system being tested in real time.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Reuters – “US-China trade war clouds global economic outlook as ‘new normal’ emerges”

• Investopedia – “What to Expect in Markets This Week: CPI Inflation Data; Tesla, Netflix, Intel Earnings”

• The Guardian – “Bank shares lead global market fall amid jitters over US private credit”

~~~~~~~~~

UK’s Crypto Countdown: Toward Stablecoin Rules by 2026

Making Britain a trusted hub for digital assets — if the rules get done on time.

What’s happening

• The Bank of England (BoE) and UK regulators plan to finalize a regulatory framework for stablecoins by the end of 2026. 

• A public consultation is set to launch on 10 November 2025, inviting feedback from the industry, investors and other stakeholders. 

• The UK intends to align its regime with U.S. stablecoin rules, particularly around what assets must back the coins (e.g., short-term government debt). 

Why this matters

• Stablecoins — crypto assets pegged to things like the US dollar or the British pound — are becoming a major part of digital payments and finance ecosystems.

• Clear regulation could position the UK as a global leader in the crypto and fintech space, attracting startups, finance firms and investment.

• But if regulation is too slow, too bureaucratic or mis-aligned, the UK risks losing ground to other jurisdictions such as the U.S., Singapore or the EU.

The UK’s current crypto snapshot

• Roughly 7 million UK adults now hold some form of cryptocurrency — up from just 2.2 million in 2021. 

• The HM Revenue & Customs (HMRC) is actively warning investors who may be under-reporting crypto gains.

• Firms in the crypto-space have been pushing for clear, fair and stable rules — many cite regulatory uncertainty as a barrier to growth.

What the new rules are expected to include

• Defining “qualifying stablecoins” (e.g., fiat-backed, issued from the UK) and bringing issuers under supervision of the Financial Conduct Authority (FCA) or BoE.

• Backing assets: Stablecoin issuers will be required to hold secure, liquid assets (e.g., short-term government debt) in trust, separated from other company liabilities. 

• Risk-management frameworks: Issuers will need documented policies for liquidity risk, custody, redemption mechanics and separation of assets. 

• Potential caps or limits: The BoE has floated caps for individual holdings (e.g., around £10,000–20,000) and for businesses, to mitigate rapid outflows of deposits into stablecoins. 

Global context & competitive risks

• In Europe, the Markets in Crypto‑Assets (MiCA) regulation becomes fully effective in 2025 — the UK wants to stay in step.

• In the U.S., stablecoin bills and regulatory moves (e.g., the so-called Genius Act) are pushing clarity and competition.

• If the UK misses the opportunity, startups and issuers may flock to more “crypto-friendly” regimes — or those already operational — reducing the UK’s fintech edge.

What to watch for next

• November 10 2025: The start of the consultation period — key for industry reaction and watching how open regulators are to feedback.

• How quickly secondary legislation and FCA/BoE rule-makings follow: The devil will be in the detail.

• Industry adaptation and migration: Will issuers wait for UK rules, or move abroad? Will holding caps or strict rules hinder or help?

• Interaction with banks and the traditional finance sector: How will stablecoins fit with deposits, tokenised assets and payments infrastructure in the UK’s system?

Why it Matters

If the UK delivers a strong, clear and globally-aligned stablecoin regime by 2026, it could become a trusted hub for digital assets, marrying innovation with protection. But the path is narrow — it needs pace, clarity and global coordination.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Bloomberg: “UK Targets End-2026 for Stablecoin Rules to Keep Pace With US”

• Business Times: “UK targets end-2026 for stablecoin rules to keep pace with US”

• Arnold & Porter: “The Proposed UK Regulatory Framework for Regulating Stablecoin Issuance”

• LiveBitcoinNews: “Bank of England to Finalize Stablecoin Rules by End of 2026”

• Hansard (UK Parliament): Stablecoin Ownership debate

~~~~~~~~~
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Iraq Economic News and Points To Ponder Sunday Morning 10-19-25

From Washington: A New Banking And Economic Reform Package For Iraq
 
Energy and Business    Iraq    Banks   Repairs    2025-10-18 Shafaq News - Washington The Iraq delegation participating in the banking reform conference in Washington, D.C.,  on the sidelines of the  International Monetary  Fund and  World Bank meetings,  announced a new package of     banking and     economic reforms on Saturday aimed at     strengthening the stability of the financial system and    attracting investment.

"The government has implemented a series of steps as part of the economic and financial reform program,  most notably the implementation of comprehensive strategic banking reforms   in cooperation with the    Central Bank of Iraq and      international consulting firms, as well as the    preparation of a three-year budget for the first time in Iraq's history      to ensure stable financial planning      that attracts investment," said Saleh Mahoud Salman,       an advisor to the Iraqi Prime Minister,     according to a statement received by Shafaq News Agency. 

He added that "automating the customs system through the  implementation of the United Nations ASYCUDA program has led to    a significant increase in customs and tax revenues, the    restructuring of government banks    (Rafidain, Rasheed, Industrial, and Agricultural) and    Increased their operational efficiency, as well as the    expansion of electronic payment systems and   increased financial inclusion    from less than 10%  to more than 40% within two years."

Salman continued, "Support programs have been launched for small and medium-sized enterprises to   create job opportunities and   stimulate the local economy," noting that
 
"these steps represent a pivotal stage in the economic reform process, and that the government will continue to support the development of the banking sector   in cooperation with international institutions."
 
Prior to this, the Central Bank of Iraq announced new instructions  to all authorized banks in the country regarding    money transfers and      customs clearance procedures        related to the requirements for the approval of special commercial invoices,    with the aim of curbing currency smuggling.
 
This measure comes as part of the efforts of the   Central Bank of Iraq and   government agencies  to  develop the financial and administrative environment and    improve the level of oversight and compliance   with international standards in foreign trade.    
  
https://shafaq.com/ar/اقتصـاد/من-واشنطن-حزمة-صلاحات-مصرفية-واقتصادية-جديدة-للعراق    

Washington Listens To Baghdad: Ambitious Financial Reforms Seek Credible Implementation And Institutional Change.
 
Economy / Special Files Yesterday, | 1492  Is the world convinced?   Baghdad Today – Baghdad   This week, the Iraqi delegation participated in a banking reform conference held in Washington  on the sidelines of the IMF and World Bank meetings.
 
The event is a practical test of Baghdad's ability to present a    realistic picture of the     results of its economic program.
 
The Iraqi delegation, which included a number of advisors and financial officials,   sought to highlight the reform steps achieved over the past two years     as indicators of the country's transition    from crisis management    to building a modern economic system.
 
Advisor to the Prime Minister, Saleh Mahoud Salman,   who presented Iraq's paper at the conference,      outlined a series of measures he described as      "a pivotal stage in the path of economic and financial reform."

He explained that the government is  "implementing a strategic banking reform package     in cooperation with the Central Bank and international consulting firms,"     ​​focusing on      "restructuring government banks,    expanding financial inclusion, and    automating the customs and tax system."
 
However, this proposal, while important from an administrative perspective,opens the door to broader questions about the   depth of the transformation and   its compatibility with the requirements of the rapidly evolving global economy.
 
Reform in a financial environment like Iraq,   where structural challenges intersect with political constraints,      is measured not so much by the number of projects    as by the state's ability     to change the behavior of the financial system itself.
 
Indicators Of Reform... But To What Extent?
 
The government says the preparation of a three-year budget   represents a qualitative shift in financial planning      an unprecedented step in the modern history of Iraq.
 
However, financial economists point out that the success of this model  depends on the   availability of accurate data and   stable monetary policy,      two conditions that still face challenges in a financial environment         that relies on oil revenues for more than 90% of the country's GDP.
 
Institutional economists believe that   "budget stability does not necessarily mean stable growth,"   as    volatility in oil prices and    weak economic diversification   make any long-term planning vulnerable to disruption in the event of a   global crisis or a   decline in demand for crude oil.
 
In contrast, the Prime Minister's advisor points out that   the government has been able to increase customs and tax revenues      by automating the customs system   using the UN-approved ASYCUDA program,  which reflects the beginning of bridging the gap between the     formal and     parallel economies.
 
However, economic researchers believe that the   success of this step requires      an effective regulatory system and      a flexible administrative structure, as     technology alone is not sufficient to   change work culture or    reduce administrative corruption,     which is one of the most prominent obstacles    to financial reform in Iraq.
 
Financial Inclusion And Digital Transformation: Between Ambition And Capability
 
Electronic payment systems are one of the areas that have witnessed the most tangible progress, with financial inclusion rising   from less than 10%   to more than 40% in two years, according to the government advisor.
 
This digital leap is an indicator of a gradual shift in citizens' financial behavior,   especially with the expanding use of    bank cards and      mobile payment services.
 
However, banking observers believe that the   quantitative expansion is not matched by   qualitative developments    in the banking structure.
 
Banking services in most government banks remain traditional   and rely on paper transactions, while the private sector suffers from     restrictions in accessing external financing.

Digital economy experts point out that the   transition to an e-economy cannot be complete      without a comprehensive legal and legislative environment that   ensures protection from financial crimes and    builds trust between citizens and the banking system. 

Some economists argue that Iraq, despite its relative progress in this area,   is still in the "experimental" phase and   needs to integrate technology into the public financial management system,      not just into individual transactions.
 
Banking Sector Restructuring: Reform or Role Rotation?
 
Restructuring state-owned banks (Rafidain, Rashid, Industrial, and Agricultural) is a key pillar of the government's plan.
 
The government announces that it has increased the operational efficiency of these banks and begun reevaluating their assets. 

However, financial analysts believe that    true reform cannot be achieved simply through administrative restructuring,   but rather through the ability of these institutions     to transform into sustainable financing entities      that effectively contribute to driving local production.
 
Rafidain and Rashid, which represent approximately 80% of the banking market,   still operate according to a traditional services model,      while private banks face weak confidence from    investors and    depositors alike.
 
Banking finance experts point out that    structural reform in the Iraqi banking sector requires      gradual liberalization of credit policies and the    activation of partnerships with regional banks,  as a closed economy cannot benefit from    global growth or    external financing.
 
Poor Institutional Continuity And Changing Strategies
 
One of the most significant structural challenges    facing economic reform in Iraq is the lack of institutional continuity.
 
Each new government tends to reformulate the economic strategy from scratch,   even in areas where tangible progress has been made.
 
This recurring pattern of "administrative rupture" hinders the    accumulation of experience and    leads to a loss of the institutional foundation  necessary for any genuine reform process.
 
Instead of    building on previous programs and    evaluating their results,    plans are replaced by new projects presented under a different title,    without any    scientific review or    analysis of previous policies.
 
Institutional economics researchers point out that    this behavior reflects the weakness of the Iraqi state's institutional structure, as    there are no permanent planning bodies or economic councils  to ensure the continuity of policies    regardless of changes in government.
 
Thus, the reform process often becomes a short-term political project,   tied to the government's cycle       rather than the economic cycle,   limiting its ability to    produce a sustainable economic impact or    build internal and external confidence in fiscal policies.

Are these steps sufficient to keep pace with global transformations?
 
Iraq's experience with financial and banking reform   demonstrates that the  problem has never been a lack of vision,  but rather its frequent interruptions.
 
Each government   introduces new plans,  discarding previous ones,  as if the state is starting from scratch with each political cycle.
 
This behavior reflects not only a contradiction in priorities,   but also a weak institutional structure      that lacks a continuous economic memory capable of   transferring experience and   embedding successful policies.
 
Public economics studies confirm that the   success of any financial reform      depends more on   accumulated experience and    continuity     than on the      amount of funding or     international support.
 
In the Iraqi case,   reforms     are still managed according to the logic of the "governmental phase"   rather than the "national phase,"   which makes them vulnerable to disruption    as soon as the political orientation shifts.
 
The steps presented at the Washington conference    reflect a clear technical effort,  but they will not translate into actual achievement   unless they are linked to independent institutions   capable of protecting reform from political change.
 
Reform is not achieved by changing plans, but rather by establishing an implementation mechanism that is not affected by changes in ministers or governments.
 
Thus, it can be said that   financial reform in Iraq is moving in the right direction in terms of form,   but it still requires a permanent institutional framework  that ensures sustainability and   transforms reform    from a government initiative   into a state-led process   that remains unchanged by changes in leadership.      
https://baghdadtoday.news/285426-.html    

The Central Bank Issues New Instructions Regarding Money Transfers And Customs Clearance.
 
Saturday, October 18, 2025 | Economic     Number of readings: 285 Baghdad / NINA / The Central Bank of Iraq issued new instructions to all authorized banks in the country regarding   financial transfers and   customs clearance operations, as well as the   requirements for approving special commercial invoices.
 
According to a document issued by the Central Bank, it has decided to include a set of basic information in commercial invoices, including:
 
shipping and payment terms,invoice value and currency, theGlobal Harmonized System of Customs (GHS) code, in addition to theimporter and exporter addresses, aprecise description of the goods, their   origin,   brand,   quantity and   unit of measurement, and   unit and total price.
 
The circular stipulated that the final commercial invoice,   or the preliminary invoice    attached to the sales contract,         should be approved,     provided that the final invoice contains all preliminary data.

It stated that the implementation of these instructions will begin on November 1, 2025. 

He explained: "The aim of the decision is to   regulate foreign financial transfers and   enhance transparency and accuracy in customs clearance      within the national automation project," noting:
 
"This step has several positives,   most notably    enhancing the standardization of procedures and     reducing errors in commercial transactions, in addition to    supporting the customs automation project." /End 8     
  
https://ninanews.com/Website/News/Details?key=1257561   

New Instructions From The Central Bank Of Iraq To Prevent Dollar Smuggling Starting Next Month (Document)

 Energy and Business     dollar     Central Bank     directions

 New instructions from the Central Bank of Iraq to prevent dollar smuggling starting next month (document) WeQ2gAqKuM3LQAAAABJRU5ErkJggg==

2025-10-17 23:22  Shafaq News - Baghdad   On Saturday, the Echo Iraq Observatory revealed new instructions   issued by the Central Bank to all authorized banks in the country      regarding financial transfers and customs clearance procedures         related to the requirements for approving special commercial invoices.

 The Observatory said in a statement received by Shafaq News Agency, "The Central Bank, in Circular No. (267/4/9) dated 10/15/2025,   decided to include in commercial invoices a set of basic information, including:      shipping and payment terms,      value and invoice currency, and the      Global Harmonized System of Classification and Labelling of Goods (GHS) code," adding,    "As well as the    addresses of the importer and destination, an      accurate description of the goods,      their origin,     their trademark,     quantity and      unit of measurement, and the      unit and total price."

 He explained that "the circular stipulates that one of the following invoices must be approved: the   final commercial invoice, or the   preliminary invoice attached to the sales contract,   provided that the final invoice contains all the data of the preliminary invoice."

 According to Echo Iraq, "these instructions will be implemented starting November 1, 2025," noting that "the aim of the decision is to   regulate foreign financial transfers and   enhance transparency and accuracy in customs clearance      as part of the national automation project.

" The Observatory believes that "this step has several positive aspects, most notably   enhancing the standardization of procedures and   reducing errors in commercial transactions, in addition to   supporting the customs automation project."

 This decision comes as part of the efforts of the   Central Bank of Iraq and   government agencies       to develop the financial and administrative environment and      improve the level of oversight and compliance      with international standards in foreign trade.

 The Eco Iraq Observatory is a media research institution specializing in analyzing the country's economic performance.

It focuses on oil prices and their impact on the budget,   in addition to monitoring the performance of Iraqi banks and      their role in supporting the economy and financing projects.   

  New instructions from the Central Bank of Iraq to prevent dollar smuggling starting next month (document) 3+gBcugXB2NQgAAAABJRU5ErkJggg==

https://media.shafaq.com/media/arcella/1760773629269.webp

https://shafaq.com/ar/اقتصـاد/تعليمات-جديدة-من-البنك-المركزي-العراقي-لمنع-تهريب-الدولار-اعتبارا-من-الشهر-المقبل-وثيقة      

   ~~~~~~~~~~  

[partial and incomplete translation of https://media.shafaq.com/media/arcella/1760773629269.webp]

 M/Circular

 Based on the letter from the Ministry of Finance/General Authority of Customs/National Customs Automation and Modernization Project No.

(5856/64/18) dated 2/9/2025, which includes facilitating the implementation of Cabinet Resolution No. (569) of 1975

and in accordance with our Circular No. (5/4*S/137) dated 20/8/2025, the following is decided:

First: The commercial invoice whose value is required to be transferred abroad must include the following information:

1- Date and number of the invoice.

"- Payment Terms.

1. Shipping Terms.

2. Value and invoice currency.

3. Universal Harmonized System Code (at least six digits).

4. Addresses of importer and exporter.

5. Accurate description of goods.

6. Origin of goods.

7. Trademark.

8. Quantity and unit of measurement.

9. Unit price and total price.

10. Second: Approval of one of the invoices:

Final commercial invoice.

11. Initial invoice + sales contract; the final invoice must contain all data from the initial invoice.

12. Third: Invoices are accepted for financial transfers and customs clearance starting from 1/11/2025.

 With appreciation.

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

50% Delinquency Spike Ignites Fears of 2008 Meltdown

50% Delinquency Spike Ignites Fears of 2008 Meltdown

Steven Van Metre:  10-17-2025

For years, the auto loan industry was considered a pillar of stability—a safe bet for lenders and a necessary tool for consumers. That stability is now officially shattered.

A detailed and urgent analysis of the U.S. auto market reveals a crisis escalating rapidly, fueled by surging car prices, unsustainable loan terms, and high interest rates. This alarming situation bears uncomfortable resemblances to the 2008 subprime mortgage meltdown, but this time, the crisis centers around car keys and repossessed vehicles, not homes.

It is no longer a remote headline; it is an imminent threat to local banks, consumer stability, and the overall U.S. economy. Here is a breakdown of why this crisis is deepening and the steps you need to take to protect your finances now.

The numbers paint a stark picture: Auto loan delinquencies have surged by over 50% in the last 15 years. What happened to turn a once-reliable credit sector into a major financial hazard?

While the subprime market is always the first to c***k (with 60+ day delinquencies reaching record highs), this crisis is unique: delinquencies are climbing across all income levels, including high earners.

This suggests that even financially stable households are beginning to feel the profound squeeze of inflation and high debt loads.

The auto loan crisis is not isolated. It is simultaneously a cause and a symptom of wider economic malaise.

The immediate threat is felt by lenders heavily dependent on auto debt: community banks and credit unions. Unlike major Wall Street institutions that can absorb varied losses, these local institutions, often central to regional economies, face severe risks as car loan delinquencies continue to climb. A wave of auto loan defaults could destabilize these vital local financial pillars.

The strain on consumer finances is already filtering into the wider economy. We are seeing a weakening of retail spending, a critical indicator that signals rising consumer concern and a cautious pullback on purchasing. This pattern strongly suggests an economic slowdown is underway, likely triggering a recession.

Furthermore, small businesses—the engine of the U.S. economy—are also facing rising operational costs and increased borrowing rates, risking job losses and further economic contraction.

In a period defined by financial volatility and systemic risk, proactive defense is paramount. According to the analysis presented by expert Steven Van Metre, individuals must prioritize liquidity, safety, and asset management.

Maintain a Deep Emergency Fund: Ensure you have readily accessible, liquid funds (cash or cash equivalents) to cover at least six months of expenses. In a crisis, liquidity is king.

Diversify Bank Exposure: Avoid having all your wealth tied up in a single institution. Spread your deposits across multiple banks or credit unions to maximize FDIC/NCUA coverage.

As the economy slows and volatility increases, look to shift assets into sectors that historically weather downturns well:

Treasuries: Government bonds (particularly short-to-intermediate term) offer a safe haven and predictable returns during periods of recessionary fear.

Defensive Sectors: Consider investments in utilities, consumer staples, and healthcare, which tend to maintain demand regardless of the economic climate.

If you have a high-cost vehicle that is not essential, now may be the time to act:

Sell Underutilized Vehicles: If you are paying a high monthly note on a third family vehicle or a truck you rarely use (especially if remote work has reduced its necessity), consider selling it now. Vehicle values are expected to depreciate further as the repo market floods supply and consumer demand weakens.

The auto loan crisis is a clear warning sign that significant economic volatility is ahead. This is a time for prudence, not panic, but it requires immediate action to safeguard your personal financial foundation.

For further insights and information on navigating this economic environment, watch the full analysis from Steven Van Metre.

https://youtu.be/R3IMUM0xB1U

Iraq Economic News and Points To Ponder Late Friday Evening 10-17-25

New Instructions From The Central Bank Of Iraq To Prevent Dollar Smuggling Starting Next Month.

Money and Business  Economy News – Baghdad   On Saturday, the Echo Iraq Observatory revealed new instructions issued by the Central Bank to all authorized banks in the country regarding financial transfers and customs clearance procedures related to the requirements for approving special commercial invoices.

The Observatory said in a statement, "The Central Bank, in Circular No. (267/4/9) dated 10/15/2025, decided to include in commercial invoices a set of basic information, including: shipping and payment terms, value and invoice currency, and the Global Harmonized System of Customs (GHS) code," adding, "As well as the addresses of the importer and destination, an accurate description of the goods, their origin, brand, quantity and unit of measurement, and the unit and total price."

He explained that "the circular stipulates that one of the following invoices must be approved: the final commercial invoice, or the preliminary invoice attached to the sales contract, provided that the final invoice contains all the data of the preliminary invoice."

According to Echo Iraq, "these instructions will be implemented starting November 1, 2025," noting that "the aim of the decision is to regulate foreign financial transfers and enhance transparency and accuracy in customs clearance as part of the national automation project."

The Observatory believes that "this step has several positive aspects, most notably enhancing the standardization of procedures and reducing errors in commercial transactions, in addition to supporting the customs automation project."

This decision comes as part of the efforts of the Central Bank of Iraq and government agencies to develop the financial and administrative environment and improve the level of oversight and compliance with international standards in foreign trade.    https://economy-news.net/content.php?id=61284

The Central Bank Announces An Increase In Iraq's Internal And External Debt.

Economy | 10/18/2025  Mawazine News - Baghdad - The Central Bank of Iraq announced on Saturday that Iraq's domestic debt has risen to 91 trillion dinars, while its external debt has reached $54 billion.

This came according to documents the bank provided in response to a parliamentary question, the text of which is here:  https://www.mawazin.net/Details.aspx?jimare=268699

Government Financial Advisor: The Ministry Of Finance Has Begun Preparing The 2026 Budget.

Buratha News Agency2062025-10-18  The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, confirmed on Saturday that the Ministry of Finance has begun preparing the 2026 budget, while specifying the disbursement mechanism in the event that the budget cannot be approved. Salih told the official agency,

"In accordance with the Federal Financial Management Law No. 6 of 2019, as amended, the Federal Ministry of Finance is proceeding with preparing the draft federal general budget law for the country for the fiscal year 2026."

He pointed out that "in the event that it cannot be approved within the specified constitutional or legislative timeframes due to the upcoming parliamentary term, the government will undertake disbursements in 2026 on a monthly basis at a rate of 1/12 of the actual current expenditures for the year 2025, including spending on ongoing investment projects, external obligations, and other due expenses."

He also stated that "the Financial Activity will continue to manage revenue collection and continue disbursing through the expenditure items specified under the aforementioned Federal Financial Management Law until the 2026 budget is approved by the House of Representatives. At that point, allocations will be released for any activities required by economic growth and sustainable development, including new investment projects and other emerging commitments."
https://burathanews.com/arabic/economic/466622

Iraq's Foreign Exchange Reserves Declined In A Month.

Money and Business  Economy News – Baghdad   The Central Bank announced on Saturday that its foreign exchange reserves had fallen to more than $2 billion by the end of July.

The bank said in an official statistic that "the Central Bank's foreign reserves reached $94.714 billion as of July 31 of this year, equivalent to 123.128 trillion Iraqi dinars, a decrease of $2.305 billion compared to last June, when reserves reached $97.019 billion, equivalent to 126.125 trillion dinars."

He added, "These reserves also decreased from last May, which amounted to $96.799 billion, equivalent to 125.839 trillion dinars."

The bank indicated that "these reserves decreased from last year's 2024 figure of $100.276 billion, or the equivalent of 130.347 trillion dinars, and decreased from 2023, when reserves reached $111.736 billion, or the equivalent of 145.257 trillion dinars."      https://economy-news.net/content.php?id=61287

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

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 10-18-25

Good Afternoon Dinar Recaps,

lobal Alert: 10+ Countries Unite to Halt BRICS Currency Initiative

An unprecedented coalition forms to challenge the BRICS gold-backed currency.

Western Powers Mobilize Against BRICS Currency

  ● Coalition formation: Over a dozen nations, including the U.S., U.K., Japan, and Germany, align to oppose the BRICS currency initiative.
  ● Dollar defense: President Trump calls BRICS de-dollarization efforts “an attack on the dollar” and threatens tariffs.
  ● Strategic concern: Western nations fear losing influence over trade, financing, and monetary sanctions.
  ● Coalition rationale: Countries see BRICS gold-backed currency as a potential destabilizer of existing financial systems.

BRICS Currency Development Gains Momentum

  ● Summit progress: At the 17th BRICS Summit in Brazil (July 2025), leaders reaffirmed commitments to monetary cooperation.
  ● Expanded influence: The BRICS-10 now represents 46% of global population and 37% of world GDP.
  ● Digital framework: BRICS Pay and blockchain technology enable cross-border settlements bypassing SWIFT.
  ● CBDC integration: Member nations advance central bank digital currency research to strengthen local currency settlements.
  ● Launch timeline: Analysts expect pilot programs and potential currency launch by 2026.

Why This Matters

  ● Geopolitical stakes: The coalition highlights Western concern over declining dollar dominance.
  ● Economic impact: A BRICS-backed currency could shift trade patterns and alter the global balance of financial power.
  ● Financial restructuring: This clash signals a structural shift — traditional dollar-centric systems face challenges from emerging blocs.
  ● Strategic takeaway: The outcome may dictate who controls the next era of global finance.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Watcher Guru – "Global Alert: 10+ Countries Just Joined Forces to Stop BRICS Currency"

• Reuters – "Kremlin rejects Trump's assertion that BRICS targets the dollar"

• Binance – "Dollar in Danger as BRICS Currency Launch Fuels Rapid Development"

• Watcher Guru – "BRICS Digital Currency Network Bypasses the West, Dollar Weakens"

• AP News – "Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar"

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

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Thank you Dinar Recaps

“Tidbits From TNT” Saturday 10-18-2025

TNT:

Tishwash:  From Washington: A new banking and economic reform package for Iraq

The Iraqi delegation participating in the banking reform conference in Washington, D.C., on the sidelines of the International Monetary Fund and World Bank meetings, announced a new package of banking and economic reforms on Saturday aimed at strengthening the stability of the financial system and attracting investment.

"The government has implemented a series of steps as part of the economic and financial reform program, most notably the implementation of comprehensive strategic banking reforms in cooperation with the Central Bank of Iraq and international consulting firms, as well as the preparation of a three-year budget for the first time in Iraq's history to ensure stable financial planning that attracts investment," said Saleh Mahoud Salman, an advisor to the Iraqi Prime Minister, according to a statement received by Shafaq News Agency.

He added that "automating the customs system through the implementation of the United Nations ASYCUDA program has led to a significant increase in customs and tax revenues, the restructuring of government banks (Rafidain, Rasheed, Industrial, and Agricultural) and increased their operational efficiency, as well as the expansion of electronic payment systems and increased financial inclusion from less than 10% to more than 40% within two years."

Salman continued, "Support programs have been launched for small and medium-sized enterprises to create job opportunities and stimulate the local economy," noting that "these steps represent a pivotal stage in the economic reform process, and that the government will continue to support the development of the banking sector in cooperation with international institutions."

Prior to this, the Central Bank of Iraq announced new instructions to all authorized banks in the country regarding money transfers and customs clearance procedures related to the requirements for the approval of special commercial invoices, with the aim of curbing currency smuggling.

This measure comes as part of the efforts of the Central Bank of Iraq and government agencies to develop the financial and administrative environment and improve the level of oversight and compliance with international standards in foreign trade.  link

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

Tishwash: Highest since 2003: Confirmation of rising non-oil revenues and calls for economic reform

Representative Basem Naghmish expected, on Wednesday, that Washington would resort to imposing economic sanctions on Iraq, exploiting the pretext of "mismanagement" in the oil sector.

Naghmish told Al-Maalouma Agency, “The United States has become accustomed to using titles such as mismanagement or corruption as a cover to interfere in the affairs of countries, and there are indications that it is trying to follow the same approach with Iraq in the oil file.”

He added, "There is fear that these accusations will be exploited to impose sanctions that may affect oil exports," stressing that "their goal is to keep Iraq weak and influence its sovereign decision."

Earlier, Representative Intisar Al-Moussawi considered Trump's statement about Iraqi oil evidence of America's arrogant outlook, and Washington's treatment of Iraq as a source of wealth rather than a sovereign state.  link

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

Tishwash:  Sudanese Advisor: Electronic financial inclusion has risen to more than 40%

Prime Minister Saleh Mahoud Salman's advisor confirmed on Friday that the government is continuing to implement comprehensive strategic banking reforms, noting that the government is committed to continuing to implement the economic and financial reform program

"The government is committed to continuing to implement the economic and financial reform program aimed at enhancing the efficiency of the banking system and supporting sustainable development in the country," Mahoud said in a speech he delivered during his participation as a government representative in the banking reform conference organized by the Central Bank of Iraq in cooperation with the international consulting firm (Oliver & Ayman) at the Ritz Carlton Hotel in Washington, DC, on the sidelines of the meetings of the International Monetary Fund and the World Bank.

He stressed that "the banking sector represents a fundamental pillar in the economic reform process," indicating that "the government is continuing to implement comprehensive strategic banking reforms in cooperation with the Central Bank of Iraq, aimed at raising banking standards and enhancing the competitiveness of the financial system."

He explained that "the government has prepared a three-year general budget for the first time, which allows for long-term financial planning, achieving stability in resource management, and enhancing the confidence of local and international investors."

In the context of diversifying revenues and reducing dependence on oil, he explained that "the government has achieved tangible progress in automating the customs system by implementing the United Nations (ASYCUDA) system, which has led to a clear increase in customs revenues in addition to a significant improvement in tax revenues," noting that "the government has implemented a program to restructure government banks (Al-Rafidain, Al-Rasheed, Industrial, and Agricultural) in cooperation with international consulting companies, With the aim of raising its efficiency and enhancing its ability to provide modern financial services.

He pointed out that "the government launched programs to expand the use of electronic payment and partnerships with financial technology companies, which contributed to raising the financial inclusion rate to more than 40% after it was less than 10% two years ago, which was praised by the World Bank and the International Monetary Fund," stressing "the government's support for small and medium enterprises by providing financing and resources to create new job opportunities and stimulate the local economy."

Salman stated that "the banking reforms currently being worked on constitute a turning point in the history of Iraq's economic development, and that the government is determined to support all local and international institutions working to develop the banking sector, as it is a pivotal part of the economic growth and financial stability plan."

He noted that "the government extended its appreciation to the Central Bank, banks, and international and local advisory teams working in this field  link

Mot: Just a Saying!!!! 

Mot:  Millions!!! -- They Spent Millions to Figure This out!!! 

MilitiaMan and Crew: IQD News Update-IQD-CBI-Global

MilitiaMan and Crew: IQD News Update-IQD-CBI-Global

10-18-2025

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=HczHZiwH6Z8

Iraq Economic News and Points To Ponder Late Friday Evening 10-17-25

Dollar Alternative
 
The Government Is Out Of The Equation. Gold Swallows The Iraqi Dinar And Becomes A "Money Laundering" Currency.
 
Economy / Special Files 10-16-2025, 11:00 PM | 2135  Baghdad Today - Baghdad Iraq is witnessing   an unprecedented surge in gold prices, amid a   decline in the state's monetary instruments and growing indications of the  expanding influence of parallel financial  networks   exploiting   market and  legal  loopholes.   This crisis, which began in a market influenced by the    London and New York stock exchanges, has become a mirror of the  broader crisis of confidence plaguing the Iraqi economy.

Experts believe that the yellow metal   is no longer a commodity tied solely to supply and demand,   but rather a precise indicator of the deep imbalance    between   monetary policy and the  real economy, and of the    government's failure to protect the market from   waves of speculation and  currency smuggling.
 
Economic expert Nasser Al-Kanani explained to Baghdad Today that “the continuous rise in gold prices in the local market   is directly due to global price fluctuations.
 
Iraq does not possess the tools to   intervene or the   ability to control this market,      which is governed by global stock exchanges.” He pointed out that  “the absence of local gold production has   made the country hostage to fluctuations in foreign markets.
 
Every rise in London or New York is immediately reflected in   Baghdad, Najaf, and Basra,    without any government capacity to mitigate its severity.”
 
Economic observers confirm that the continuation of this situation  means that Iraqi monetary policy    is operating in a completely exposed environment, and that the Central Bank has lost the ability to  manage price balance  after markets began operating according to the logic of    global supply and    uncontrolled local demand. 

Al-Kanani adds, "Geopolitical factors andUS interest rate decisions, along withdollar movements in the markets,   are the main drivers of gold prices currently,while the Iraqi government   is limited to a regulatory role through the      Central Bank and the      Tax Authority,  without any real tools for control."
 
Financial researchers point out that   this reality reflects the fragility of the Iraqi economy,      which         relies entirely on imports and    lacks internal protection strategies or  monetary balancing policies    that allow it to absorb shocks.
 
This has forced the local market   to operate on the principle of absolute freedom of trade,  without a balance between    economic freedom and the   equirements of financial stability.  Amid this situation, citizens are increasingly turning to gold as a means of savings,as   confidence in the dinar declines and   its exchange rate fluctuates against the dollar. 

Al-Kanani warned that “random speculation on gold is exacerbating the crisis, as   it raises local demand to unrealistic levels and      increases pressure on prices,” adding that  the government has lost the ability to control this wave,  at a time when prices fluctuate daily   based on the general mood of speculators,    not on well-considered economic decisions.”
 
Financial market observers   confirm that citizens’ behavior toward gold      has become a direct reaction to the         weakness of  financial and    banking institutions, and that the loss of confidence in the national currency has   pushed the popular economy to seek alternatives that preserve value,      even if they are outside the control of the state.

On the other hand, the gold crisis intersects with what anti-corruption expert Yassin al-Taie calls the   "prestige economy,"      meaning the use of illicit funds to    build a new social image known as "reputation laundering," a phenomenon that has become   synonymous with money laundering in recent years. 

Al-Taie told Baghdad Today, "There is a close connection between   money laundering and   reputation laundering.
 
Both are part of a single strategy    pursued by influential actors in the black economy, aimed at   circumventing the law and   obtaining social cover      that allows them to expand in the  economic and  political spheres."

Observers point out that this shift in the behavior of those with illicit capital   reflects a change in the form of corruption itself, as its goal is no longer solely to gain unlawful enrichment,   but rather to build a network of influence      that fortifies corruption within societal institutions.  

Al-Taie explains that “these entities resort to   establishing commercial companies that appear legitimate,   or financing cultural and charitable events,    to gain the trust of society and      grant themselves moral immunity         that prevents them from being held accountable.”
 
Oversight experts say that these practices have   distorted the local economic environment and   eroded trust in public institutions, as      corruption is no longer hidden or      confined to government agencies,
 
but has permeated the public sphere under the banner of   charitable work and   civic investment. Al-Taie adds that “some entities are taking advantage of   loopholes in the laws and   their relationships with influential circles      to expand their activities without oversight,”
 
which observers see as a clear threat to the principles of   institutional justice and   equal economic opportunity.
 
Economists believe that the combination of   loss of monetary control,   money laundering, and   reputational damage      represents a dangerous example of what is known as the "dual economy,"where the formal economy operates according to state rules,   while the parallel economy operates according to private interests.

Observers assert that the gold market today   is the legal front for the parallel economy. Through it,  money is recycled and      its sources are concealed,   while all transactions appear legitimate on paper." They point out that this phenomenon   "keeps the state in the position of a bystander      while informal money circulates freely within institutions."
 
Economic researchers argue that addressing the crisis   requires rebuilding oversight mechanisms for gold trade and imports,    linking them to a unified financial tracking system    overseen by the   Central Bank and the   Anti-Money Laundering Authority,    similar to that implemented by European Union countries. 

Economists point out that "the existence of a national registry for gold traders   that requires them to disclose their sources of funding      will help block   smuggling and   money laundering networks," adding that "the absence of this type of transparency   makes the market an ideal place      to funnel illicit capital    under the guise of legitimate trade."
 
Observers agree that   continuing this path    will    deepen the loss of confidence in the national currency and     transform gold into an alternative currency    outside the banking system.

This will constrain the Central Bank's ability to manage liquidity and   increase the likelihood of          Iraq being exposed to new international financial pressures.
 
Economists believe that "the   country needs a   flexible and   integrated monetary policy     that links   financial stability with   security oversight of financial movements," while anti-corruption experts assert that   "any reform that does not address reputational damage    with the same seriousness as money laundering   will remain merely superficial."
 
According to economic observers, "the crisis has gone beyond the market stage   to become a national crisis of confidence," noting that gold today is no longer merely a measure of wealth,   but rather "an indicator of the state's vulnerability to unregulated money."
 
Researchers assert that regaining control of the gold market   is not simply a matter of price,  but rather a test of the government's ability to   restore discipline to its financial system and  prevent  wealth from becoming a means of influence and the    economy from becoming a vehicle for organized corruption.    https://baghdadtoday.news/285348-.html    

By 40%, The Central Bank Is Committed To Implementing Comprehensive Strategic Banking Reforms.
 
Economy |  12:59 - 17/10/2025   Mawazine News - Economy Prime Minister's Advisor Saleh Mahoud Salman affirmed on Friday that the   government is proceeding with comprehensive strategic banking reforms, noting that the   government is committed to continuing to implement the      economic and financial reform program.
 
In a speech delivered during his participation   as a representative of the government in the banking reform conference      organized by the Central Bank of Iraq   in cooperation with the international consulting firm Oliver Wyman   at the Ritz Carlton Hotel in Washington, DC,   on the sidelines of the meetings of the   International Monetary Fund and the      World Bank, Mahoud said,
 
“The government is committed to continuing to implement the   economic and   financial      reform program aimed at    enhancing the efficiency of the banking system and     supporting sustainable development in the country.”

He stressed that “the banking sector represents a fundamental pillar in the economic reform process,” indicating that “the government is proceeding with implementing comprehensive strategic banking reforms   in cooperation with the Central Bank of Iraq,  aimed at    raising the standards of banking work and    enhancing the competitiveness of the financial system.

” ]He explained that “the government has prepared a three-year general budget for the first time,   which allows for      long-term financial planning,      achieving stability in resource management, and      enhancing the confidence of local and international investors.”

 Within the framework of     diversifying revenues and    reducing dependence on oil, he indicated that “the government has   achieved tangible progress in automating the customs system  through the implementation of the United Nations ASYCUDA system,  which has led to a   clear increase in customs revenues in addition to a  significant improvement in tax revenues,” noting that
 
"The government has implemented a program to restructure state-owned banks   (Rafidain, Rashid, Industrial, and Agricultural)      in cooperation with international consulting firms,  with the aim of   raising their efficiency and  enhancing their ability to provide modern financial services." 

He pointed out that "the government has launched programs   to expand the    use of electronic payments and    partnerships with financial technology companies,   which has contributed to raising the rate of financial inclusion      to more than 40%,  up from less than 10% two years ago.
 
This has been praised by the   World Bank and the   International Monetary Fund." He emphasized "the government's support for small and medium-sized enterprises   by providing financing and resources   to     create new job opportunities and      stimulate the local economy."

 Salman stated that "the banking reforms currently underway represent a   pivotal moment in Iraq's economic development history, and that the government is determined to support all local and international institutions   working to develop the banking sector,    considering it a pivotal part of the plan for  economic growth and  financial stability." He noted that "the government expressed its appreciation to the   Central Bank, the   banks, and the   international and local advisory teams working in this field."   https://www.mawazin.net/Details.aspx?jimare=268633  

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