Jon Dowling: Cryptos are the Future of Payments, XRP on a Ledger, Wealth Transfer
Jon Dowling: Cryptos are the Future of Payments, XRP on a Ledger, Wealth Transfer
10-20-2025
Are you ready for a financial transformation unlike anything we’ve ever seen?
In a recent podcast episode, former Air Force Captain and cryptocurrency expert, Rob Cunningham, laid out a compelling vision for the overhaul of our global financial system, proposing a monumental shift from the current Federal Reserve model to a new, constitutionally authorized monetary system.
Backed by sound money principles and cutting-edge technology, this isn’t just a financial adjustment – it’s a paradigm shift.
Jon Dowling: Cryptos are the Future of Payments, XRP on a Ledger, Wealth Transfer
10-20-2025
Are you ready for a financial transformation unlike anything we’ve ever seen?
In a recent podcast episode, former Air Force Captain and cryptocurrency expert, Rob Cunningham, laid out a compelling vision for the overhaul of our global financial system, proposing a monumental shift from the current Federal Reserve model to a new, constitutionally authorized monetary system.
Backed by sound money principles and cutting-edge technology, this isn’t just a financial adjustment – it’s a paradigm shift.
Rob’s insights delve deep into the geopolitical and economic forces that are pushing us towards this inevitable reset. From government shutdowns and escalating global conflicts to the looming “currency reset,” he argues that the current “man-made financial and legal systems” have led to a form of control by entities like the Federal Reserve and the city of London corporation.
However, a counter-movement is gaining momentum. Rob highlights ongoing “drain the swamp” efforts within the US government, suggesting a critical turning point in the political landscape.
This, combined with anticipated economic revival in the coming months, sets the stage for a fundamental re-evaluation of how our money works.
So, what does this new system look like? At its core, it’s about transparency, accountability, and real value. Rob emphasizes the vital role of XRP and blockchain technology in enabling this transition.
Imagine a world where financial transactions are not only fast and transparent but also inherently trustworthy, backed by real assets like gold and silver. This move signifies a departure from centralized control towards decentralized, trustless protocols – a financial ecosystem built on integrity, not opacity.
This proposed system aims to restore a republic founded on constitutional principles and divine laws. It promises not just financial stability but an equitable distribution of wealth and resources, potentially unlocking funds and opportunities that have historically been inaccessible, even touching upon concepts like funds tied to birth certificates.
Beyond the economic mechanics, Rob connects these shifts to profound spiritual themes. He references the prophetic insights of the late Kim Clement, who foresaw the fall of corrupt systems and the dawn of a new era marked by abundance and truth.
This isn’t just about money; it’s about a foundational shift in how humanity operates, moving away from systems of control towards liberation and a higher social covenant.
Rob even shared a conceptual diagram, illustrating humanity’s epic journey from financial and spiritual battle to liberation under a new monetary and social framework.
He also tantalizingly announced an upcoming video that will explore a hypothetical monetary system conceptualized by none other than Christ and Nikola Tesla – a fascinating blend of divine principles, advanced technology, and free energy concepts.
Rob Cunningham’s vision challenges us to rethink everything we know about money, power, and our collective future. It’s a call to transparency, decentralization, and a return to sound, constitutional principles, powered by innovation like blockchain.
This is a conversation that touches on some of the most critical questions of our time. To truly grasp the depth of these insights and prepare for the potential shifts ahead, we highly recommend you dive into the full discussion.
Watch the full video from Jon Dowling for further insights and information!
Iraq Economic News and Points To Ponder Tuesday Morning 10-21-25
Iraq's Internal Debt In Numbers: From Currency Printing To The Three-Year Budget
Economy Yesterday, | 1027 Baghdad Today – Baghdad Since 2003, Iraq has been trapped in a vicious financial cycle, marked by recurring crises and changing governments. The only constant, however, is its reliance on domestic debt as a temporary savior during every financial crisis or oil price downturn.
Whenever revenues dwindle, the state resorts to financing through banks or the Central Bank to cover the deficit, pay salaries, and continue spending, without generating new resources or restructuring the economy.
Iraq's Internal Debt In Numbers: From Currency Printing To The Three-Year Budget
Economy Yesterday, | 1027 Baghdad Today – Baghdad Since 2003, Iraq has been trapped in a vicious financial cycle, marked by recurring crises and changing governments. The only constant, however, is its reliance on domestic debt as a temporary savior during every financial crisis or oil price downturn.
Whenever revenues dwindle, the state resorts to financing through banks or the Central Bank to cover the deficit, pay salaries, and continue spending, without generating new resources or restructuring the economy.
This policy, which began as an exceptional option, has over the years become a permanent approach, with domestic debt becoming part of the state's financial structure, rather than a temporary remedy.
From the war on ISIS to the COVID-19 pandemic, to the massive budgets under the government of Mohammed Shia al-Sudani, domestic debt has doubled dramatically, exacerbating the fragility of the economy.
This debt has become a direct reflection of the absence of institutional reform and the weak coordination between fiscal and monetary policy.
Economic expert Nabil Jabbar Al-Tamimi, in a clarification posted on his official Facebook page and followed by Baghdad Today, believes that Iraq's domestic debt has, over the past two decades, been a financial emergency tool used by successive governments in every crisis, given the absence of sustainable economic alternatives.
He points out that the government typically borrows from three main sources: private banks through bonds or limited facilities, national bonds directed to the public, and treasury transfers provided by the Central Bank through liquidity injections or money printing.
Al-Tamimi identifies three stages in which domestic debt rose significantly:
War on ISIS (2014–2017)
During this period, domestic debt jumped from approximately 5 trillion dinars in 2013 to 48 trillion dinars in 2017, before gradually declining to 38 trillion dinars in 2019. According to Al-Tamimi, this is due to the state's need to secure liquidity following the collapse in oil prices and the costs of war.
The central bank was the primary financier, printing money to cover massive operational and military expenses.
This financing facilitated the state's continuity, but it triggered the first real wave of inflation after 2003 and reopened the debate about the limits of central bank independence.
COVID-19 pandemic (2020–2022)
With the outbreak of the pandemic and the decline in demand for oil, domestic debt rose again from 38 to 70 trillion dinars.
Analysis of this period shows that the monetary policies adopted by the government— including adjusting the exchange rate and financing expenditures through domestic debt instruments—provided a temporary respite, but they increased the cost of living and weakened confidence in monetary policy.
Debt here has become not only a means of financing, but a reflection of the fragility of the financial structure that relies on oil as the basis for survival.
Al-Sudani's government and the three-year budget (2023–2025)
Al-Tamimi believes that the domestic debt increased during Al-Sudani's government from 70 to approximately 91 trillion dinars, as a result of financing the deficit in the largest budget in Iraq's history.
Data shows that the bulk of the debt came from the central bank, while borrowing from private banks and national bonds constituted a small percentage.
This financial expansion, despite rising oil prices, reveals the continued reliance on domestic debt to cover operating expenses
rather than stimulate productive sectors, making debt an economically unproductive tool.
According to Al-Tamimi's analysis, the discrepancy between the policies of the Central Bank and the government reflects a lack of institutional coordination.
The former seeks to curb inflation by controlling liquidity, while the latter continues to borrow to secure its monthly obligations.
This contradiction has transformed domestic debt from a means of financial balance into a source of economic pressure that threatens long-term monetary stability.
Most domestic debt is not investment debt that can reproduce wealth or create jobs.
Rather, it represents short-term operational obligations that “pain the pain, not cure the disease,” as economists describe it.
Without genuine institutional reform, domestic debt will remain a closed loop between the treasury and the central ank,expanding with each crisis and temporarily extinguished with each rise in oil prices. https://baghdadtoday.news/285579-.html
Al-Salami: Private Banks Violate The Central Bank's Instructions And Waste Millions Of Dinars Daily.
Economy October 19, Information / Baghdad.. MP Hadi Al-Salami revealed on Sunday that private banks are violating the laws and regulations issued by the Central Bank of Iraq, noting that these violations result in the daily waste of millions of dinars without effective oversight by the relevant authorities.
Al-Salami told Al-Maalouma News Agency that "a number of private banks continue to commit serious financial violations, leading to the waste of public funds," noting that "the Central Bank has not taken decisive action despite the clarity of the violations."
Al-Salami called on regulatory authorities to "open an urgent investigation into the dealings of these banks, hold those involved accountable, and take serious steps to limit the daily financial hemorrhage resulting from fictitious and commercially unsecured transactions." https://almaalomah.me/news/113223/economy/السلامي:-مصارف-أهلية-تخالف-تعليمات-المركزي-وتهدر-ملايين-الدن
An Economist Calls For The Establishment Of A Government Bank To Guarantee Depositors' Funds.
October 20, Information / Baghdad.. Economic expert Basil Al-Obaidi confirmed on Monday that one of the most prominent reasons for the cash shortage in Iraqi banks is citizens' lack of confidence in the security of their deposited funds.
This has led many to store large sums of money, whether in Iraqi dinars or foreign currencies, at home instead of depositing them in banks.
Al-Obaidi told Al-Maalouma News Agency that "citizens' reluctance to deposit their money in banks has led to a decline in the amount of liquidity available to the Central Bank and banking institutions, negatively impacting economic activity and commercial activity in the country."
He added, "Many citizens fear losing their money or being unable to withdraw it when needed, due to the weak safeguards in some banks.
This prompts them to keep their money at home, exposing them to numerous risks, including accidents or theft."
Al-Obaidi called on the Central Bank of Iraq to "establish a government-backed bank whose mission would be to provide full insurance coverage for deposits in banks after they are licensed by the Central Bank, with the aim of reassuring depositors and guaranteeing their rights."
He also called for raising interest rates on fixed and floating deposits, to encourage citizens to deal with the formal banking system instead of keeping money outside the economic cycle.
https://almaalomah.me/news/113327/economy/اقتصادي-يدعو-لتأسيس-مصرف-حكومي-لضمان-أموال-المودعين
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
Seeds of Wisdom RV and Economics Updates Tuesday Morning 10-21-25
Good Morning Dinar Recaps,
Collateral or Collapse: U.S. Banks Tighten Grip on Argentina’s $20 Billion Lifeline
Emerging-market fragility meets tightening global credit standards
Argentina’s fragile economy faces another hurdle as major U.S. banks — JPMorgan Chase, Bank of America, and Goldman Sachs — demand substantial collateral before releasing a proposed $20 billion rescue loan.
Good Morning Dinar Recaps,
Collateral or Collapse: U.S. Banks Tighten Grip on Argentina’s $20 Billion Lifeline
Emerging-market fragility meets tightening global credit standards
Argentina’s fragile economy faces another hurdle as major U.S. banks — JPMorgan Chase, Bank of America, and Goldman Sachs — demand substantial collateral before releasing a proposed $20 billion rescue loan.
The Deal in Doubt
Argentina’s central bank reserves have fallen to multi-year lows, even as inflation tops 200% year-over-year.
With IMF funds delayed, Buenos Aires is turning to private markets to stabilize its peso and avoid another balance-of-payments crisis.
Lenders, wary after years of defaults, are reportedly seeking export-revenue guarantees or commodity-based collateral to secure repayment.
Market Reaction
Argentine bonds slid as traders questioned whether the loan can close.
Credit-default-swap spreads widened sharply, signaling renewed stress.
Economists warn that without new financing, the government may tighten import controls and deepen recessionary pressures.
Why This Matters
This standoff illustrates how emerging-market borrowing costs are being repriced in a world of higher U.S. interest rates and tighter liquidity.
Private banks are now dictating sovereign terms once reserved for multilateral lenders — a sign of the new credit hierarchy taking shape in global finance.
Argentina’s outcome could define how frontier economies access capital in the post-QE era.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources:
~~~~~~~~~
Britain’s Debt Crossroads: Borrowing Hits Five-Year High as Fiscal Pressures Mount
Debt costs climb and fiscal headroom narrows ahead of budget season
The U.K. government’s borrowing reached £20.2 billion in September, the highest for that month in five years, bringing total borrowing for 2025’s first half to £99.8 billion.
Key Drivers
Interest-rate impact: higher gilt yields are inflating debt-service costs.
Sluggish revenue: weaker-than-expected tax receipts have widened the deficit.
Energy-subsidy overhang: carry-over spending from prior relief schemes continues to strain the budget.
Fiscal Outlook
Economists warn of limited headroom ahead of the Autumn Budget.
The Office for Budget Responsibility (OBR) projects debt surpassing 100% of GDP by 2026 if growth remains weak.
Treasury officials are reportedly weighing targeted tax increases or spending restraint to stabilize the debt ratio.
Market Impact
Gilt yields remain elevated near multi-year highs.
Sterling softened modestly against the U.S. dollar as investors reassess fiscal risk.
The U.K.’s situation is now a bellwether for how advanced economies manage post-pandemic debt in a high-rate world.
Why This Matters
Britain’s borrowing surge reflects a broader global dilemma — governments are confronting tightening financial conditions with limited fiscal flexibility.
If the U.K. struggles to rein in deficits, it could spark renewed volatility in European bond markets and test investor faith in sovereign credit stability.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources:
~~~~~~~~~
“From Mediator to Power-Broker: Recep Tayyip Erdoğan & Turkey’s Gaza Gambit”
How Ankara reinvented itself in the Middle East by brokering the Gaza cease-fire
In a dramatic diplomatic shift, Turkey has elevated its role in the Gaza conflict, positioning itself as a central mediator in a cease-fire deal brokered by Donald J. Trump and backed by Hamas. Once viewed skeptically in Washington for its close ties to Hamas, Turkey under President Erdoğan has flipped the script, using its relationship with Hamas to ensure a deal’s delivery—and in doing so, significantly raised its geopolitical standing.
The Deal
Turkey reportedly acted as a key channel between Hamas and the U.S., securing Hamas’s acceptance of a truce and the release of hostages in Gaza.
Ankara then secured the appointment of former disaster-control chief Mehmet Gulluoglu to lead Turkish efforts in Gaza humanitarian operations, signalling Turkey’s deeper involvement.
The arrangement reportedly gives Turkey leverage: in return for mediation, Erdoğan is seeking relief from U.S. sanctions and restoration of defence-ties, including arms purchases.
Regional & Global Impact
Turkey’s successful mediation gives Ankara renewed prestige in the Middle East, enhancing its role beyond the traditional broker states like Qatar and Egypt.
This changes the dynamics for Israel, Hamas and the Arab world: Turkey now has a stake in both stability and influence, altering alignment possibilities.
For the U.S., relying on Turkey as a mediator signals a shift in approach: from multilateral frameworks to transactional deals with regional actors.
Why This Matters
Turkey’s reinvention from outsider to indispensable player in Middle East diplomacy is significant:
It suggests that states once seen as peripheral can now capture key roles through strategic leverage and soft-power mediation.
This could reshape power balances: Turkey may extract concessions—in arms, defence cooperation and regional influence—raising questions about U.S. regional strategy and the role of traditional allies.
Importantly, while the cease-fire is a short-term victory, the absence of a clear pathway toward a two-state solution or durable peace means Turkey’s role may become a long-term one, carrying both risk and reward for Ankara.
This is not just politics — it’s global alliances and global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources:
Reuters – Erdogan turns Trump’s Gaza deal into a power play for Turkey
Modern Diplomacy – From Mediator to Power Broker: Erdogan’s Gaza Gamble
Reuters – Turkey puts ex-disaster chief in charge of Gaza aid
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Thank you Dinar Recaps
“Tidbits From TNT” Tuesday Morning 10-21-2025
TNT:
Tishwash: Al-Ghariri: Iraq's negotiations to join the World Trade Organization are ongoing.
Minister of Trade Athir Dawood Al-Ghurairi confirmed on Monday that Iraq's negotiations to join the World Trade Organization are ongoing, while pointing out that regional cooperation and integration are the way to achieve peace, stability and sustainable development.
A statement by the Ministry of Trade received by the Iraqi News Agency (INA) stated that "Minister of Trade Athir Dawood Al-Ghurairi participated in the 16th session of the United Nations Conference on Trade and Development (UNCTAD), held in Geneva with the wide participation of representatives of countries and international and regional organizations."
TNT:
Tishwash: Al-Ghariri: Iraq's negotiations to join the World Trade Organization are ongoing.
Minister of Trade Athir Dawood Al-Ghurairi confirmed on Monday that Iraq's negotiations to join the World Trade Organization are ongoing, while pointing out that regional cooperation and integration are the way to achieve peace, stability and sustainable development.
A statement by the Ministry of Trade received by the Iraqi News Agency (INA) stated that "Minister of Trade Athir Dawood Al-Ghurairi participated in the 16th session of the United Nations Conference on Trade and Development (UNCTAD), held in Geneva with the wide participation of representatives of countries and international and regional organizations."
The minister stressed, according to the statement, that "collective action and regional integration represent a fundamental pillar for building a more stable and equitable economic system in light of the transformations and challenges witnessed by the world," stressing that "open regional agreements can support the multilateral trading system and promote sustainable development."
Al-Ghurairi indicated that "Iraq, which continues its negotiations to join the World Trade Organization, sees regional initiatives as an opportunity to enhance its institutional readiness and align its legislative and investment frameworks, enabling it to effectively integrate into the global economy."
He explained that "regional integration represents a pillar for development and reconstruction, and that cooperation in the areas of infrastructure, simplifying customs procedures, encouraging investment, energy, agriculture, and services contributes to enhancing competitiveness and diversifying the national economy."
At the end of his speech, the Minister praised UNCTAD's significant role in supporting Iraq during its accession to the World Trade Organization, stressing that "regional cooperation and integration are the path to achieving peace, stability, and sustainable development." link
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Tishwash: Energy expert: 70% of the articles of the oil and gas law have been agreed upon
An oil and gas expert says that 70% of the articles of the oil and gas law have been agreed upon and the rest needs political dialogue and negotiations.
The big picture: The oil and gas law was supposed to be completed in 2007 and voted on in the Iraqi parliament, but due to conflict and indifference of Iraqi parties, year after year, the enactment of the law was hampered.
Official Statement: د. Govand Sherwani, a university professor and oil and gas expert, told AVA that the oil export agreement will help to pass the oil and gas law in the sixth session of the Iraqi parliament, provided there is no political interference.
Sherwani said the biggest problem between Erbil and Baghdad on the oil issue is the failure to pass the oil and gas law, which should have been passed in 2007, but fortunately 70% of the articles of the draft law have been agreed.
On the other hand, the expert said that the three-year Iraqi budget law contains many shortcomings and all to the detriment of the Kurdistan Region, if the technical and financial issues are corrected, there is an opportunity in the 2026 budget law. link
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Tishwash: Central Bank: Iraq's public debt is lower than that of the United States and several other Arab countries.
The Central Bank of Iraq confirmed on Monday that the external debt curve is declining and that Iraq is within safe limits for public debt. The bank noted that Iraq's public debt-to-GDP ratio stands at 31%, a lower percentage than that of developed countries such as the United States and Japan, and other Arab countries such as Egypt, Algeria, and Morocco.
Samir Fakhri, Director General of the Statistics and Research Department at the Central Bank, said, "Total public debt is divided into domestic and external debt. Domestic debt, as of the end of last September, amounted to 90.6 trillion dinars."
He added, "The domestic debt is divided into more than 50% in favor of the Central Bank, and less than 50% in favor of banks, whether private or government-owned," indicating that "the majority of the debt owed to banks is owed to government-owned banks, i.e., from government to government."
He pointed out that "the external debt has reached $54 billion, and is divided into three parts: the largest part, namely $40.5 billion, dates back to before 2003. It is a suspended debt, and we are not currently bearing any burdens on it, whether interest or debt service, from 2003 until today."
He continued, "The second part is the Paris Club debt, which amounted to $120 billion, 80% of which has been written off, leaving $24 billion. With what Iraq has paid, only $3.8 billion remains, which was supposed to be covered until the end of 2028." We note here that the external debt curve is declining.
He pointed out that "the third portion amounts to approximately $10 billion, and is related to investment spending. It is a long-term debt of twenty years, owed to a group of countries and organizations, including Japan's JICA, Germany's Siemens, Spain, and Britain. Thus, the total debt amounts to approximately $10 billion. If we exclude the forty and a half billion, the remaining amount is approximately $13 billion."
He emphasized that "if we convert these debts into dollars multiplied by the current exchange rate and add them to the domestic debt, the total debt-to-GDP ratio would reach approximately 43%. However, if we exclude the suspended debt of $40 billion, the public debt ratio would be around 30 to 31% of GDP."
Regarding financing the three-year budget deficit, Fakhri explained that “the deficit within the budget law was approved by Parliament for a period of three years. It is a planned deficit, not an actual one, of approximately 64 trillion dinars per year, meaning a total of 192 trillion dinars for the three years. What was actually spent as real debt is approximately 35 trillion dinars.” He indicated that “if we divide 35 trillion by the planned deficit, the percentage will be approximately 18.2%,” noting that “the debt was 56 trillion dinars until the end of 2022, and from 2022 until today, 35 trillion has been added to it, bringing the total to approximately 90.6 trillion dinars that we mentioned.”
He added, "One of the most important indicators of monetary policy is the consumer price index (inflation), which is currently close to zero. If we compare it with neighboring countries like Iran and Turkey, we find a clear difference in inflation rates between them and Iraq, in addition to the exchange rate gap."
He stressed that "the focus must be on financing the deficit, so it must be directed towards investment spending, as this leads to growth in non-oil revenues."
Fakhry touched on some of the debt ratios in neighboring countries, noting that "in Egypt, public debt amounts to 90% of GDP, in Algeria: 49%, in Morocco: 70%, in Lebanon: 160-170%, and in Saudi Arabia: 29%, despite being a strong and industrially advanced economy."
He pointed out that "major industrialized countries, such as the United States, have a public debt of 120%, while Japan's debt ratio is 250%." link
Mot: I Did It!!! -- Yeppers!!! I Did It!!!!
Mot: ... and Yet Another Motism frum da Net!!!!
MilitiaMan and Crew: IQD News Update-New Era-Digital Banking
MilitiaMan and Crew: IQD News Update-New Era-Digital Banking
10-20-2025
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……..
MilitiaMan and Crew: IQD News Update-New Era-Digital Banking
10-20-2025
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……..
Iraq Economic News and Points To Ponder Monday Evening 10-20-25
Trump Appoints Mark Savaya As Special Envoy To Iraq
Buratha News Agency2372025-10-20 US President Donald Trump announced on Sunday the appointment of Mark Savaya as his special envoy to Iraq.
"I am pleased to announce that Mark Savaya will serve as Special Envoy to the Republic of Iraq," Trump wrote on Truth Social. The US President said, "Mark's deep understanding of the relationship between Iraq and the United States, and his extensive connections in the region, will contribute to advancing the interests of the American people."
Trump Appoints Mark Savaya As Special Envoy To Iraq
Buratha News Agency2372025-10-20 US President Donald Trump announced on Sunday the appointment of Mark Savaya as his special envoy to Iraq.
"I am pleased to announce that Mark Savaya will serve as Special Envoy to the Republic of Iraq," Trump wrote on Truth Social. The US President said, "Mark's deep understanding of the relationship between Iraq and the United States, and his extensive connections in the region, will contribute to advancing the interests of the American people."
Mark Savaya is a prominent American businessman and pioneer in the cannabis (marijuana) industry in Michigan. He is 40 years old and is known as the founder and CEO of Leaf and Bud, one of the fastest-growing cannabis companies in the state.
Mark Savaya was born to an Iraqi Chaldean family who emigrated from Iraq in the 1990s to escape unrest and settled in the Detroit, Michigan area. This area is known for being home to the largest Chaldean community outside of Iraq.
https://burathanews.com/arabic/news/466703
Oil Falls Due To Oversupply And Global Trade Tensions
Energy Economy News – Baghdad Oil prices fell on Monday amid concerns about a global supply glut and rising trade tensions between the United States and China, raising concerns about a slowing global economy and weak energy demand.
Brent crude futures fell 24 cents, or 0.4%, to $61.05 a barrel by 00:32 GMT, while U.S. West Texas Intermediate crude fell 21 cents, or 0.4%, to $57.33 a barrel, erasing gains from last week's close.
Both benchmark crude oil prices posted weekly losses of more than 2% last week, their third consecutive weekly decline, as the International Energy Agency forecasts a growing supply surplus through 2026.
In a related development, the head of the World Trade Organization called on the United States and China to de-escalate trade tensions, warning that continued decoupling between the world's two largest economies could reduce global economic output by up to 7% over the long term.
The two countries recently renewed their trade war by imposing additional tariffs on ports receiving commercial vessels, moves that could disrupt global shipping traffic.
On the political front, US President Donald Trump and his Russian counterpart Vladimir Putin agreed to hold a new summit to discuss the war in Ukraine, while Washington continues to pressure India and China to halt imports of Russian oil.
Trade sources indicated that these pressures may push India to reduce its imports of Russian oil starting next December, potentially opening the way for China to obtain supplies at lower prices.
On the production front, data from oil services company Baker Hughes indicated that US energy companies added new oil and natural gas rigs last week for the first time in three weeks. https://economy-news.net/content.php?id=61361
Exchange Rate Drops: 141,450 Dinars Per Note
Economy | 10/20/2025 Mawazine News - Baghdad - Local markets in Baghdad recorded a slight decline in the dollar exchange rate against the Iraqi dinar, with the $100 bill reaching 141,450 dinars on the Al-Kifah and Al-Harithiya stock exchanges, after having stabilized at 141,700 dinars during yesterday's trading.
This limited decline comes amid relative stability in buying and selling activity in local markets, while the government and the Central Bank continue to monitor fluctuations in the parallel market within the framework of the current monetary policy. https://www.mawazin.net/Details.aspx?jimare=268798
Gold Recovers After Falling From Record Highs
Monday, October 20, 2025 08:05 | Economic Number of reads: 357 Baghdad / NINA / Gold prices rose slightly on Monday, recovering some of their losses after a sharp decline last week from record levels exceeding $4,300 an ounce following US President Donald Trump's statements that eased trade tensions between the United States and China and pushed investors towards higher-risk assets.
The price of gold in spot transactions rose 0.4% to reach $4,263.59 an ounce, after falling about 1.8% on Friday, the largest decline since mid-May. As for other precious metals, platinum fell 1.1% to $1,591.55 an ounce, and palladium fell 0.5% to $1,467.16 an ounce. / https://ninanews.com/Website/News/Details?key=1257846
The Ministry Of Commerce Launches An "Investment" Plan To Empower The Private Sector As A Key Partner In Development.
Economy | 10/20/2025 Mawazine News - Baghdad - The Ministry of Trade announced the launch of a comprehensive investment plan aimed at developing the private sector and enabling it to play its role as a key partner in the sustainable development process.
The official spokesperson for the Ministry of Trade, Mohammed Hanoun, said in a statement followed by Mawazine News that "this plan comes within the framework of a national strategy aimed at diversifying the Iraqi economy and reducing dependence on oil revenues by creating a stimulating and attractive business environment for local and foreign investments."
Hanoun added that "the ministry is working to update the legislative and regulatory structure of the trade sector in line with World Trade Organization standards," noting that the new procedures include simplifying trade transactions, facilitating investor entry, and enhancing transparency in granting commercial licenses.
He stressed that "the private sector will be an 'effective' partner in implementing investment projects, whether in the field of logistics, warehousing, transportation, or marketing, with the aim of improving the efficiency of the national economy and enhancing its competitiveness."
The official spokesperson explained that "the ministry is proceeding with implementing this plan in cooperation with the Private Sector Development Council and relevant economic entities," noting that "the next phase will witness the launch of joint projects that contribute to employing the workforce and developing national industries."
Hanoun concluded his statement by saying, "The Ministry of Trade believes that the private sector is the true engine of economic growth, and that empowering it represents the cornerstone of building a diversified and sustainable economy capable of facing challenges, providing job opportunities, and enhancing economic stability in Iraq."
https://www.mawazin.net/Details.aspx?jimare=268805
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
Seeds of Wisdom RV and Economics Updates Monday Evening 10-20-25
Good Evening Dinar Recaps,
BRICS Currency Countdown: Why 2026 Still Looks On the Clock
— And how U.S. tariff threats may be accelerating the very change they aim to block
What’s Going On
The grouping of nations known as BRICS (Brazil, Russia, India, China, South Africa, and newer members) appears to be staying on track for a 2026 launch of a shared-currency framework, despite aggressive efforts by the U.S. to derail the plan. Researchers monitoring the project highlight that digital payment systems, local-currency trade settlement and infrastructure are all advancing.
Good Evening Dinar Recaps,
BRICS Currency Countdown: Why 2026 Still Looks On the Clock
— And how U.S. tariff threats may be accelerating the very change they aim to block
What’s Going On
The grouping of nations known as BRICS (Brazil, Russia, India, China, South Africa, and newer members) appears to be staying on track for a 2026 launch of a shared-currency framework, despite aggressive efforts by the U.S. to derail the plan. Researchers monitoring the project highlight that digital payment systems, local-currency trade settlement and infrastructure are all advancing.
Meanwhile, U.S. President Donald Trump has ramped up threats of tariffs — including warnings of 100 % duties — on countries aligning with what he calls “anti-American policies” via BRICS, or attempting to sideline the U.S. dollar.
Why It Matters
Emerging currency dynamics: A new shared-currency initiative could tilt how global trade is settled and challenge the dominance of the U.S. dollar.
Innovation meets geopolitics: It demonstrates how payment rails, digital currencies, and trade settlement are now central to global strategy, not just finance.
Tariff threats as a double-edged sword: U.S. actions meant to deter may instead accelerate the drive toward alternatives.
What’s Driving the Timeline Toward 2026
Several analysts point to clear progress on infrastructure: cross-border settlement mechanisms, digital-currency research, and local-currency trade arrangements.
For example, central-bank gold accumulation surged in Q2 2025, seen as a hedge by BRICS-member states and sign of serious preparation.
The expansion of the bloc (including nations like Egypt, UAE, Indonesia) increases weight and legitimacy behind the idea of an alternative system.
On the U.S. side, the threat of tariffs and other economic pressure seems to be viewed internally by some BRICS members not just as deterrence, but as a reason to advance alternatives.
Why the U.S. Tariff Strategy May Backfire
Trump has threatened countries with tariffs of up to 100 % if they deviate from the dollar system or join BRICS currency plans.
But such threats can deepen resolve among BRICS nations to reduce dependency on U.S.-dominated systems.
Legal challenges are also pressing in the U.S., which may weaken the long-term enforcement of such tariff powers.
The Big Reality Check
Despite headline talk of a 2026 currency launch, several expert sources caution that a fully unified BRICS currency remains a long shot. For example:
One analysis suggests the first phase likely involves a payment-system platform and local-currency settlement (2025-27), with any full-scale currency much later (2028-2030+).
Key internal challenges remain: aligning fiscal/monetary policy across very different economies (China vs India vs Brazil) and ensuring the infrastructure is trusted and liquid.
At present, trade within BRICS still predominantly uses the U.S. dollar and global reserves remain heavily dollar-weighted.
Our Take
Here’s how this fits with what we track: innovation in finance plus institutional reform.
The financial-technology layer (digital rails, CBDCs, local-currency settlements) is moving ahead.
The institutional/power layer (who issues money, who sets rules) is in flux.
The U.S. tariff strategy highlights the stakes: finance is geopolitics.
In other words: new financial infrastructure is not just about tech; it’s about power, control and strategic autonomy.
What to Watch Next
Announcements from BRICS or its development bank (e.g., New Development Bank) about pilot platforms or settlement systems targeting 2026.
Moves by member-state central banks: digital-coin pilots, gold accumulation, trade denominated in non-dollars.
U.S. policy shifts or legal rulings around tariffs and trade strategy that could reshape how enforceable the “100 % tariff” threat is.
Responses from non-BRICS countries: Will they join or support the alternative rails? Or will they be deterred by U.S. action?
FX/reserve-data signals: Any sizeable shift away from the dollar in reserves, trade settlement or currency-baskets.
Final Word
The “2026 launch” of a BRICS currency isn’t a guaranteed moment in time, but rather a marker of a broader transition — a shift in how large emerging-economy blocs view money, finance and independence. The U.S. threats may slow some actions, but they could also spur others. The real question isn’t whether the effort stops — it’s how fast the contours of a new system take shape, and whether they begin to lean against, rather than around, the dollar-centric world.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
“BRICS Currency Launch Date Unchanged Despite Bold US Move To Stop It” — Watcher.Guru, Oct 19 2025: Watcher Guru
“How Would a New BRICS Currency Affect the US Dollar?” — InvestingNews, Sep 2025: Investing News Network (INN)
“BRICS investment opportunities rise ahead of 2026 common currency launch” — IndonesiaBusinessPost, Sept 30 2025: https://indonesiabusinesspost.com/
“Central bank buys 166 tonnes of gold, BRICS prepares currency for 2026” — IDNFinancials, Aug 17 2025: IDN Financials
“Trump calls BRICS ‘attack’ on US dollar” — EconomicTimes (via PTI), Oct 15 2025:The Economic Times
“Breaking Down the BRICS Tariff” — AmericanActionForum, Jul 15 2025: AAF
“Jim O’Neill: BRICS Currency a Distant Dream Yet Bloc Eyes 2026 Launch” — CryptoRank, Sep 7 2025: CryptoRank
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The Case For Sound Money: The Most Meaningful 5 Minutes I've Ever Recorded | Judy Shelton
The Case For Sound Money: The Most Meaningful 5 Minutes I've Ever Recorded | Judy Shelton
Adam Taggert/Thoughtful Money: 10-20-2025
Here, former Federal Reserve nominee Judy Shelton makes the most compelling constitutional & moral argument for sound money I've ever heard
I promise it will be the most meaningful 5 minutes you've seen in ages.
The Case For Sound Money: The Most Meaningful 5 Minutes I've Ever Recorded | Judy Shelton
Adam Taggert/Thoughtful Money: 10-20-2025
Here, former Federal Reserve nominee Judy Shelton makes the most compelling constitutional & moral argument for sound money I've ever heard
I promise it will be the most meaningful 5 minutes you've seen in ages.
Iraq Economic News and Points To Ponder Monday Afternoon 10-20-25
Al-Ghariri: Iraq's Negotiations To Join The World Trade Organization Are Ongoing.
Economy | 06:55 - 10/20/2025 Mawazine News - Follow-up: Minister of Trade Athir Dawood Al-Ghariri confirmed on Monday that Iraq is continuing its negotiations to join the World Trade Organization, noting that regional initiatives are an opportunity to enhance institutional readiness and align legislative and investment frameworks.
Al-Ghariri: Iraq's Negotiations To Join The World Trade Organization Are Ongoing.
Economy | 06:55 - 10/20/2025 Mawazine News - Follow-up: Minister of Trade Athir Dawood Al-Ghariri confirmed on Monday that Iraq is continuing its negotiations to join the World Trade Organization, noting that regional initiatives are an opportunity to enhance institutional readiness and align legislative and investment frameworks. https://www.mawazin.net/Details.aspx?jimare=268812
Central Bank: Iraq's Public Debt Is Lower Than That Of The United States And Several Other Arab Countries.
Time: 2025/10/20 19:09:56 Reading: 30 times {Economic: Al Furat News} The Central Bank of Iraq confirmed on Monday that the external debt curve is declining and that Iraq is within safe limits for public debt. The bank noted that Iraq's public debt-to-GDP ratio stands at 31%, a lower percentage than that of developed countries such as the United States and Japan, and other Arab countries such as Egypt, Algeria, and Morocco.
Samir Fakhri, Director General of the Statistics and Research Department at the Central Bank, said, "Total public debt is divided into domestic and external debt. Domestic debt, as of the end of last September, amounted to 90.6 trillion dinars."
He added, "The domestic debt is divided into more than 50% in favor of the Central Bank, and less than 50% in favor of banks, whether private or government-owned," indicating that "the majority of the debt owed to banks is owed to government-owned banks, i.e., from government to government."
He pointed out that "the external debt has reached $54 billion, and is divided into three parts: the largest part, namely $40.5 billion, dates back to before 2003. It is a suspended debt, and we are not currently bearing any burdens on it, whether interest or debt service, from 2003 until today."
He continued, "The second part is the Paris Club debt, which amounted to $120 billion, 80% of which has been written off, leaving $24 billion. With what Iraq has paid, only $3.8 billion remains, which was supposed to be covered until the end of 2028." We note here that the external debt curve is declining.
He pointed out that "the third portion amounts to approximately $10 billion, and is related to investment spending. It is a long-term debt of twenty years, owed to a group of countries and organizations, including Japan's JICA, Germany's Siemens, Spain, and Britain.
Thus, the total debt amounts to approximately $10 billion. If we exclude the forty and a half billion, the remaining amount is approximately $13 billion."
He emphasized that "if we convert these debts into dollars multiplied by the current exchange rate and add them to the domestic debt, the total debt-to-GDP ratio would reach approximately 43%. However, if we exclude the suspended debt of $40 billion, the public debt ratio would be around 30 to 31% of GDP."
Regarding financing the three-year budget deficit, Fakhri explained that “the deficit within the budget law was approved by Parliament for a period of three years. It is a planned deficit, not an actual one, of approximately 64 trillion dinars per year, meaning a total of 192 trillion dinars for the three years. What was actually spent as real debt is approximately 35 trillion dinars.
” He indicated that “if we divide 35 trillion by the planned deficit, the percentage will be approximately 18.2%,” noting that “the debt was 56 trillion dinars until the end of 2022, and from 2022 until today, 35 trillion has been added to it, bringing the total to approximately 90.6 trillion dinars that we mentioned.”
He added, "One of the most important indicators of monetary policy is the consumer price index (inflation), which is currently close to zero. If we compare it with neighboring countries like Iran and Turkey, we find a clear difference in inflation rates between them and Iraq, in addition to the exchange rate gap."
He stressed that "the focus must be on financing the deficit, so it must be directed towards investment spending, as this leads to growth in non-oil revenues."
Fakhry touched on some of the debt ratios in neighboring countries, noting that "in Egypt, public debt amounts to 90% of GDP, in Algeria: 49%, in Morocco: 70%, in Lebanon: 160-170%, and in Saudi Arabia: 29%, despite being a strong and industrially advanced economy."
He pointed out that "major industrialized countries, such as the United States, have a public debt of 120%, while Japan's debt ratio is 250%." LINK
Iraq's Debt Is Within Safe Limits And Does Not Constitute A Burden On The Economy.
October 19, 2025 Baghdad - Qusay Munther The Central Bank of Iraq revealed that Iraq's debt remains within safe limits and does not constitute a burden on the national economy.
A statement received by Al-Zaman yesterday stated that, “Within the framework of financial transparency and to clarify what is included in the public debt and deficit data, the Central Bank would like to clarify what was reported in the media, that the planned deficit in the three-year general budget law approved by the House of Representatives for the three years amounted to 91.5 trillion dinars, while the actual deficit for the three years mentioned amounted to 35 trillion dinars, which was covered internally with bonds and transfers and in accordance with the chapters included in the budget law.
” It added that, “Actual borrowing amounted to 18.2 percent of the planned deficit included in the budget law, reflecting the high level of coordination between the government and the Central Bank in controlling the public debt and its failure to reach the high levels included in the budget law.
” It continued, “The external debts due do not exceed 13 billion dollars after excluding the outstanding and unclaimed debts of the former regime, and Iraq has not defaulted on any obligation, maintaining an excellent financial reputation regionally and internationally in this regard.”
It indicated that, “The internal debt of 91 trillion dinars represents 56 trillion dinars accumulated until the end of 2022.” The added amounts are 35 trillion dinars of debt for the three years, and most of the domestic debt is within the government banking system.
The statement explained that (due to the existence of government accounts and deposits in government banks, specialized committees and international consulting firms are working to convert part of this debt into investment tools within a national fund to manage the domestic debt with the aim of transforming obligations into investment opportunities), stressing that (the ratio of public debt to GDP did not exceed 43 percent, and this ratio, according to internationally recognized classification, is moderate and within safe limits and does not constitute a burden on the economy).
The bank reiterated its confirmation that (it is working to provide an integrated vision of financial sustainability for the coming years that supports the government’s directions in comprehensive reform to diversify the economy and maximize non-oil revenues as an alternative to sole reliance on oil revenues and avoiding a financial deficit).
The bank also warned retirees against dealing with entities and individuals claiming to represent it, with the aim of defrauding them and stealing their data.
The statement said, “The bank warns citizens, especially retirees, against dealing with any entities or individuals impersonating or claiming to represent the Central Bank, and requesting personal data or official documents such as retirement IDs or financial information.
” It stressed that “any licensed financial institution does not request any information from citizens related to their cards, accounts, or financial data, and does not provide loans or request documents via social media or by phone call.” It continued, “Any request of this type is considered an attempt at fraud and deception aimed at exploiting citizens and stealing their data.
” It stressed, “Please do not provide any unofficial entity with any personal or financial information, and immediately report any suspicious contact or message through the official channels of the Central Bank or the competent security authorities.” LINK
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
Seeds of Wisdom RV and Economics Updates Monday Afternoon 10-20-25
Good Afternoon Dinar Recaps,
When Innovation Meets Control: China’s Pause on Hong Kong Stablecoins
Ant Group and JD.com halt plans after Beijing asserts monetary authority.
Overview
Two of China’s biggest tech giants — Ant Group and JD.com — have paused their plans to issue stablecoins in Hong Kong, following quiet guidance from Beijing regulators. The decision underscores growing tension between China’s drive for digital innovation and its insistence on state control over currency.
Good Afternoon Dinar Recaps,
When Innovation Meets Control: China’s Pause on Hong Kong Stablecoins
Ant Group and JD.com halt plans after Beijing asserts monetary authority.
Overview
Two of China’s biggest tech giants — Ant Group and JD.com — have paused their plans to issue stablecoins in Hong Kong, following quiet guidance from Beijing regulators. The decision underscores growing tension between China’s drive for digital innovation and its insistence on state control over currency.
According to the Financial Times, both firms received instructions from the People’s Bank of China (PBoC) and the Cyberspace Administration of China (CAC) to suspend their Hong Kong initiatives. The question, said one source, is simple but fundamental: “Who has the right to issue money — the central bank or private firms?”
The Setback for Hong Kong’s Fintech Ambitions
Hong Kong launched its stablecoin licensing regime in August to attract Web3 and tokenization projects. Initially, mainland officials saw it as an opening to promote renminbi-pegged tokens and boost the yuan’s international use.
But enthusiasm cooled fast. Regulators in Beijing reportedly grew uneasy as some stablecoin ventures posted double-digit losses shortly after the rules took effect. China’s securities watchdog then instructed several brokerages to pause real-world asset tokenization as well — another signal that the central government is tightening oversight of digital-asset experiments.
Why It Matters
This pause reveals three critical themes shaping the region’s financial future:
Monetary Sovereignty: Beijing’s priority is clear — control over money creation must stay with the state. Private stablecoins could blur that line and compete with the digital yuan (e-CNY).
Testing the Limits of Hong Kong’s Autonomy: While Hong Kong markets itself as Asia’s Web3 hub, this episode shows how quickly mainland policy can override its local fintech initiatives.
Signal to Global Markets: China’s stance adds to a broader global shift where governments seek tighter reins on privately issued digital money, balancing innovation with systemic risk.
The Bigger Picture
China is not retreating from digital finance — it’s redefining who leads it. The pause on stablecoins doesn’t end tokenization efforts but re-centers them under state-linked or bank-controlled entities, keeping fintech aligned with national strategy.
For global investors, it’s a reminder that in modern finance, innovation operates within political boundaries.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
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Global Financial Order Under Strain as Geopolitical Fragmentation Deepens
The end of postwar financial integration may be closer than expected.
A Fracturing Monetary Landscape
A new report from the Centre for Economic Policy Research (CEPR), the 28th Geneva Report on the World Economy, warns that rising geopolitical tensions are eroding the foundations of the global financial system that has existed since World War II.
According to the report, strategic competition—particularly between the West and China—combined with sanctions and protectionist measures is accelerating international financial fragmentation.
This fragmentation marks a departure from the decades-long era of liberalized, rules-based globalization that once defined international finance.
From Integration to Geoeconomic Fragmentation
The authors of the Geneva Report argue that the “deep global financial integration without regard to geopolitics” that characterized the postwar era is being replaced by a period of “geoeconomic fragmentation.”
This transition is visible in three key areas:
Capital Flows: Investments are increasingly concentrated within geopolitical blocs, reducing global allocative efficiency.
Crisis Response: Coordination among major economies has weakened, limiting joint responses to shocks such as banking crises or currency volatility.
Policy Divergence: Sanctions, reshoring, and “friend-shoring” are reshaping both trade and financial networks.
Why This Matters
The implications reach far beyond finance:
For businesses, the rise in geopolitical barriers means greater uncertainty in global supply chains, volatile exchange rates, and tighter cross-border investment conditions.
For governments, fragmentation introduces instability into crisis management and capital allocation, increasing the risk of systemic shocks.
For emerging markets, the challenge is most acute — nations may face pressure to align with specific blocs or risk exclusion from capital access and payment systems.
What to Watch
Alternative Payment Systems: Will BRICS and other regional blocs develop competing financial infrastructures to the U.S. dollar system?
Alliance Consolidation vs. Openness: Do states double down on bloc-based cooperation or attempt to sustain a degree of global openness?
Emerging Market Realignment: How developing economies navigate these rival frameworks may shape the next decade of financial globalization.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Source
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With The Rise Of The Chinese Yuan And Local Currency Settlements, Can Iraq Dispense With The Dollar?
With The Rise Of The Chinese Yuan And Local Currency Settlements, Can Iraq Dispense With The Dollar?
Monetary Dependence Economy / Arab and International / Special Files Yesterday, 4:06 PM | 872 Baghdad Today – Baghdad The modern Iraqi economy was formed on the basis of a single-source oil rent, entirely dependent on the sale of crude oil and the settlement of revenues in US dollars.
This pattern made Iraqi monetary policy directly dependent on the US financial system, with revenues deposited in accounts at the Federal Reserve Bank of New York and managed according to international regulatory arrangements linked to financial compliance and anti-money laundering programs.
With The Rise Of The Chinese Yuan And Local Currency Settlements, Can Iraq Dispense With The Dollar?
Monetary Dependence Economy / Arab and International / Special Files Yesterday, 4:06 PM | 872 Baghdad Today – Baghdad The modern Iraqi economy was formed on the basis of a single-source oil rent, entirely dependent on the sale of crude oil and the settlement of revenues in US dollars.
This pattern made Iraqi monetary policy directly dependent on the US financial system, with revenues deposited in accounts at the Federal Reserve Bank of New York and managed according to international regulatory arrangements linked to financial compliance and anti-money laundering programs.
According to economic studies issued by the World Bank and the International Monetary Fund, approximately 90 to 95 percent of Iraq's public revenues come from oil, making any fluctuation in the dollar or a decline in global demand for oil a a direct threat to liquidity and the general budget.
Financial economists point out that the Central Bank of Iraq does not have absolute freedom to manage its reserves, as most of its transactions are restricted to US transfer networks, and the global SWIFT system closely monitors financial transfers, preventing any parallel transactions outside the dollar system.
According to recent academic estimates, excessive reliance on the dollar has created a distorted import environment, with the Iraqi market tending toward consuming foreign goods without boosting domestic production.
This has deepened economic exposure and tied the domestic financial cycle to fluctuations in US monetary policy.
In contrast, China has been working for more than a decade to build a parallel financial system that would challenge the dollar's dominance, by expanding the use of the yuan in international trade and establishing alternative financial institutions such as the new Asian Development Bank and the China Payments System (CIPS).
In 2023, Beijing announced that more than 52.9 percent of its cross-border transactions were settled in yuan, surpassing the dollar for the first time in modern history.
While this percentage reflects a gradual shift rather than a sudden reversal, it points to a fundamental shift in the balance of global financial influence.
International economics researchers believe that China's agreement with Australian company BHP to settle iron ore trade in yuan represents a pivotal moment in the history of global trade, as it removes one of the world's most traded commodities from the dollar.
This move, along with a series of similar agreements with other countries, most notably Russia and Saudi Arabia, indicates that the yuan is beginning to transform from a local currency into a strategic settlement tool in the international trade system.
Beijing has also relied on comprehensive institutional tools to bolster market confidence in the yuan, such as linking the currency to a strong gold reserve system and ensuring its stability through prudent monetary policies.
This has made it an increasingly attractive option for countries seeking alternatives to the dollar amid crises of US sanctions and restrictions.
Iraq's Position In The Transformation Equation
Although Iraq was one of the first oil-producing countries to open up trade to China, its position in the global monetary transition remains extremely weak. Baghdad's banking structure remains traditional and relies almost entirely on dollar transfers via the US system.
Economic researcher Othman Karim confirmed to Baghdad Today that the idea of abandoning the dollar "is illogical at the present time," noting that Iraq "sells oil and receives revenues through the US Federal Reserve, and currently has no realistic mechanism for settling its transactions in another currency."
He adds that the shift to the yuan requires "a radical change in monetary policy, the signing of direct banking agreements with China, and the development of intermediary electronic payment tools that can bypass US restrictions."
According to economists, the challenge in Iraq is twofold: technical, related to the absence of an independent financial transfer structure, and political, related to US pressure and Iraq's close ties to the Western system for managing its finances.
Trade with China, despite its size, remains settled in dollars, as Iraqi companies do not have accredited accounts with Chinese banks.
Analysts believe that any serious attempt to transition to the yuan requires profound institutional reform of the central bank, enhanced financial transparency, and the establishment of a dual reserve in yuan and gold as a preliminary step toward monetary diversification.
While it is difficult to completely sever the link to the dollar, some experts do not rule out a partial move toward monetary diversification, through limited agreements with China to settle a portion of non-oil imports in yuan.
Given China's increasing openness to the Middle East and its signing of yuan-denominated settlement agreements with Saudi Arabia and the UAE, Iraq could consider establishing a trade barter mechanism under which it would import Chinese goods in exchange for oil exports, without having to use the dollar.
Some monetary researchers also suggest that Baghdad begin allocating a portion of its foreign exchange reserves in yuan, as a symbolic step to expand financial diversification, while developing banking agreements with the People's Bank of China to facilitate direct transfers.
However, these paths remain subject to complex political factors, most notably the relationship with Washington and the fear that any move toward China could be interpreted as a step toward an anti-Western geopolitical axis.
Ultimately, economic analysis shows that completely eliminating the dollar in Iraq is not possible in the short or medium term, but it remains a long-term strategic goal in light of global changes.
Iraq, as a dependent rentier economy, needs to first build its production and commercial independence before considering monetary independence.
While the rise of the yuan opens a window for rebalancing the international financial system, it does not negate the fact that the dollar still holds the deepest and most widespread structure.
Therefore, in the coming period, Iraq will remain governed by the duality of monetary and political power: adopting the dollar as the primary currency for governing the state, while closely monitoring the transformations taking place in the East, where China is rewriting the equation of global financial influence, step by step . https://baghdadtoday.news/285422-.html