Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 11-26-25

Good Afternoon Dinar Recaps,

Gold Breaks Out as December Rate Cut Bets Surge

Precious metals rise on weakening yields and accelerating safe-haven demand

Overview

• Gold jumped to a two-week high as traders priced in a December interest-rate cut by the Fed.

• Lower U.S. Treasury yields reduced the cost of holding bullion, increasing investor demand.

• New projections show gold could enter another record-setting year if monetary easing and geopolitical risk continue to align.

Key Developments

• Spot gold moved sharply higher, reflecting both macro pressure on the dollar and a growing shift toward real assets.

• Analysts noted that declining yields and rising uncertainty are driving a strategic reallocation from equities and bonds into gold.

• Major financial institutions issued upward revisions to gold forecasts, suggesting the 2026 outlook remains elevated and structurally bullish.

Why It Matters

Gold’s rise is a signal of shifting global preferences:
Investors are preparing for a world where fiat volatility, geopolitical uncertainty, and weakening yield environments may dominate.
This pattern reinforces gold’s role as the anchor asset of the emerging multipolar financial order.

Implications for the Global Reset

Pillar: Reserve Diversification
More nations and financial institutions are turning toward precious metals to offset risk in traditional reserve currencies.

Pillar: Real-Asset Anchoring
As trust in paper financial instruments fluctuates, gold continues to serve as the backbone of wealth preservation, shaping global reserve portfolios.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• • Reuters – “Gold hits two-week high on reinforced US rate-cut bets”

• • Reuters – “Deutsche Bank raises 2026 gold price forecast to $4,450/oz”

• • LiveMint – “Gold could hit $5,000 in 2026 as rate-cut bets surge”

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China’s Carrier Fleet on Display: Satellite Images Reveal Major Naval Power Shift

New imagery shows Beijing positioning its most advanced carriers at a strategic South China Sea hub

Overview

• Satellite images captured both of China’s indigenously built aircraft carriers—the CNS Shandong and the newly commissioned CNS Fujian—dockside at Yulin Naval Base on Hainan Island.

• Yulin is one of China’s most strategically important naval hubs, serving the Southern Theater Command and functioning as a gateway to the South China Sea.

• The Fujian’s presence underscores Beijing’s steady march toward a true blue-water navy capable of global power projection.

Key Developments

• The Fujian, China’s first carrier equipped with electromagnetic catapults, recently entered service and has already begun its first sea-training exercises.

• Analysts note that China’s carrier program—now progressing into its fourth planned vessel—aims to challenge U.S. dominance in the Pacific.

• The co-location of the Shandong and Fujian highlights their role in China’s strategic posture amid growing tensions with the Philippines and other South China Sea claimants.

• Defense experts suggest the carriers could serve dual purposes: complicating Taiwan’s defensive planning and acting as blocking forces against U.S. intervention in a future conflict.

Why It Matters

The satellite imagery reveals more than simple port activity—it reflects China’s rapid naval modernization and growing ambition to shape the maritime balance in the Indo-Pacific.

As China accelerates construction of its fourth carrier—likely to be nuclear-powered—the regional military landscape is shifting toward a long-term strategic contest over sea control, power projection, and access to contested waters.

This escalation feeds directly into the evolving global security balance, where naval capability is becoming a defining measure of geopolitical influence.

Implications for the Global Reset

Pillar: Military Modernization as Geopolitical Leverage

China’s investment in a carrier-based blue-water navy gives it greater strategic flexibility and deeper presence in global chokepoints, influencing trade flows, alliances, and the future rules of the Indo-Pacific.

Pillar: Strategic Realignment in Maritime Power

As Beijing fields more advanced carriers, regional powers—and the U.S.—may accelerate naval buildup programs, reshaping defense budgets, technology priorities, and security alliances in Asia and beyond.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Newsweek – “Satellites Find Two Chinese Aircraft Carriers at Home Base”

• The Diplomat – “China’s Fujian Aircraft Carrier Begins Sea Trials”

~~~~~~~~~~

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Seeds of Wisdom RV and Economics Updates Wednesday Morning 11-26-25

Good Morning Dinar Recaps,

Global Finance at a Breaking Point: Four Forces Reshaping Development Funding

New power centers, debt vulnerability, and geopolitical fractures push the system toward redesign

Overview

• The global development financing system is undergoing its most significant stress test since the Bretton Woods era.

• Emerging economies are pushing for greater autonomy, while debt-vulnerable nations face rising instability and reduced access to traditional financing.

• China’s rise as a dominant bilateral lender and shifts in global capital flows are creating a need for new rules, new institutions, and new models of development finance.

Key Developments

• A new “middle class” of emerging markets — including ASEAN, Latin America, Central Asia, and parts of Africa — is demanding greater voice and more flexible, decentralized financing structures.

• Low-income and fragile states are falling further behind, facing slowed growth, climate exposure, and shrinking access to IMF/World Bank resources just as needs rise.

• China’s unique lending model and its role as the world’s largest bilateral creditor have created tensions with the Paris Club and the G20 Common Framework.

• Rapid technological change, diverse capital market tools, and complex cross-border linkages highlight the need for modernization of multilateral lending structures.

Why It Matters

The global development financing system stands at a structural turning point. The post-WWII architecture — stretched by economic shocks, geopolitical rivalries, and new financing actors — is no longer suited to today’s multipolar landscape.

The next phase of global finance will depend on how effectively institutions adapt to a world where emerging economies demand autonomy, vulnerable nations require urgent support, and major powers disagree on the rules of engagement.

Implications for the Global Reset

Pillar: Multipolar Financing Architecture

New development pathways will increasingly rely on regional banks, public-private mechanisms, and diversified capital access — reducing dependence on traditional Western institutions.

Pillar: Debt Reform & Creditor Coordination

Without alignment between China, the IMF, the Paris Club, and emerging lenders, global debt restructuring risks fragmentation — with profound implications for markets, trade, and geopolitical stability.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy – “The Global Development Financing System Is at a Crossroads”

• The Economist – “The Demise of Foreign Aid Offers an Opportunity”

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Global Markets Surge as Rate-Cut Bets Ignite a Cross-Continent Rally

Equities lift worldwide as investors price in a softer Fed stance

Overview

• Global stock markets rallied for a fourth straight session as investors increased bets on a December Federal Reserve rate cut.

• Bond yields declined sharply, boosting rate-sensitive sectors and supporting a broad-based equity rebound.

• Risk appetite returned across U.S., European, and Asian markets as investors shifted from recession fears to renewed growth expectations.

Key Developments

• U.S. markets led the advance, with the S&P 500, Dow, and Nasdaq all moving higher as communication services and healthcare outperformed.

• European equities joined the rally, supported by improved liquidity expectations and strong sector rotation.

• Canadian index futures climbed, tracking global momentum and easing bond yields.

• Analysts highlighted that looser global monetary conditions are beginning to take shape, with capital flowing into both growth and defensive sectors simultaneously.

Why It Matters

A synchronized rally across global markets signals a possible inflection point in the global financial cycle.
Rate-cut expectations serve as a catalyst for renewed capital flows, easing credit conditions and potentially boosting investment — particularly in emerging economies seeking relief after prolonged tightening.

Implications for the Global Reset

Pillar: Capital Flow Rebalancing
Lower yields open the door for capital to exit safe-haven assets and enter growth markets — shifting liquidity distribution away from the U.S. and toward a multipolar investment landscape.

Pillar: Financial Market Integration
Simultaneous market rallies in the U.S., Europe, and Asia indicate rising interdependence — reinforcing the trend toward globalized asset behavior that shapes future economic alignments.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• • Reuters – “Stocks jump, US yields fall as Fed rate-cut bets increase”

• • Reuters – “Global markets wrap-up: World stocks rise for fourth day running”

• • Reuters – “TSX futures gain as Fed rate-cut optimism grows”

~~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 11-26-2025

TNT:

Tishwash:  Pressure on the central bank to change the exchange rate constitutes interference with its independence.

Samir Al-Nassiri

After the announcement of the final election results, and for the political and self-serving interests of some influential figures, speculators, and traders who deal in illegal trade through direct transfers outside the controls of the Central Bank, official border crossings, and the new instructions for prior customs registration starting from 12/1/2025, which ensure control over the government's customs revenues.

About a week ago, media pressure began, directed by some specialists, non-specialists, and self-proclaimed analysts who frequently appear on media channels with vested interests and on social media, with the aim of disrupting the Iraqi market, which has remained stable throughout 2025 due to the wise monetary policies and efforts made by the Central Bank, which maintained the general price level and kept the inflation rate below 1%, controlled the money supply, and built sufficient foreign reserves to cover the local currency in circulation and cover imports.

He is currently implementing an ambitious project for a comprehensive and radical reform of the banking sector. He receives continuous praise from the World Bank, the International Monetary Fund, and the US Treasury for the steps he has taken in implementing monetary policy over the past three years.  

Since December 19, 2020, when the exchange rate was adjusted by the Central Bank under pressure from the previous government, and up to the present time, the exchange rate of the dinar has continued to fluctuate up and down in the parallel market, even after it was adjusted again in 2023. Due to the Central Bank's measures mentioned above, relative stability has been achieved despite all the internal and external challenges, and all the speculators' plans to weaken the purchasing power of the Iraqi dinar have failed.

We must also not forget, clearly and precisely, that there is an organized lobby working against achieving monetary stability, led and implemented by multiple entities linked to speculators and corrupt individuals who have a special agenda to weaken and harm the national economy by fabricating news and statements, spreading rumors and flawed and paid economic analyses, and turning them from reassuring news for the market and citizens into news that confuses the market and creates panic among citizens. This is what is actually happening now, which requires clarification here, as it has been happening for about ten years.

Particularly after the financial and security shocks of mid-2014, a culture of reliance on the central bank to confront economic and financial crises and challenges became entrenched. This is done by using its monetary policy tools and mechanisms to overcome the government's liquidity shortage and its inability to pay salaries on time, as well as the failure of fiscal policy by relying on foreign currency reserves. These reserves are not, in reality, the government's reserves, but rather the central bank's reserves, used to control the stability of the exchange rate, according to the target, and to address the balance of payments deficit.

The central bank has been burdened with the problems of other stakeholders, which is not its primary role. It is not responsible for the shortfall in non-oil revenues, the balance of payments deficit, the trade deficit, or the fluctuations in global oil prices. Therefore, foreign currency reserves have risen and fallen due to these flawed policies, which are not based on a clear and defined economic strategy or methodology.

Therefore, the return of stability to the exchange rate to its targeted and balanced rates will be achieved with the support of the concerned authorities in the government by activating other productive sectors, reforming the financial and banking sector, drawing up clear financial policies in coordination with monetary policy and its currently adopted applications and tools, and overcoming the challenges of achieving economic stability, which means achieving stability in the financial and monetary system.

This is not only the duty of the Central Bank alone, but it is a fundamental duty of fiscal policy and the government’s approach to managing the economy, activating sources of national income other than oil, supporting, protecting and encouraging local production, generalizing the activation of dealing in the Iraqi dinar in all internal cash trading activities, expanding the use of electronic payment methods and enhancing digital transformation.

In particular, it must be emphasized here clearly that all the pressures currently being exerted on the Central Bank to change the exchange rate are not a solution to address the liquidity shortage, but rather an interference in its independence and an abolition of its role and responsibility in its tasks and objectives as stated in its Law No. 56 of 2004, which is in force  link

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Tishwash:  Mark Savaya: Iraq needs significant reforms

US Special Envoy to Iraq, Mark Savaya, affirmed that the United States has always supported legitimate security institutions in Iraq.

Savaya said in a post on the X platform: “Iraq has made tangible progress, from joint efforts to defeat ISIS, to countering harmful influences and promoting regional stability.”

However, according to the US special envoy, "significant reforms are still needed."

He added: “American companies, which have provided billions of dollars in equipment and top-notch support, remain key partners in strengthening Iraq’s security and sovereignty.”

Mark Savaya   @Mark_Savaya

·The United States has long supported Iraq’s legitimate security institutions. From joint efforts to defeat ISIS to countering malign influence and strengthening regional stability, real progress has been made. Still, essential reforms are needed.

Last Friday, the US Special Envoy to Iraq, Mark Savaya, announced his desire to visit Iraq soon and meet with its top leaders.

Savaya said in a post on the X platform: “Iraq has made remarkable progress over the past three years, and we hope that this progress will continue in the coming months.”

He added: We are closely monitoring the process of forming the new government.  

The US president's envoy stressed that the United States "will not accept and will not allow foreign interference in the formation of the next Iraqi government."   link

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Tishwash:  Central Bank of Iraq on Liquidity: The Issue is Financial, Not Monetary

The Central Bank of Iraq announced on Tuesday a plan to increase Iraq's gold reserves, indicating that the issue of liquidity is financial, not monetary.

 According to the official news agency, Alaa al-Fahd, a member of the bank's media office, stated that "Iraq ranks sixth in the Arab world in gold reserves, according to the latest statistics."

He emphasized that "the gold reserve is at a good and well-maintained level, exceeding 160 tons, and the Central Bank is working to increase it as much as possible."

 He added that "the Central Bank is also striving to increase the reserve portfolio by maintaining its value and diversifying its holdings, as part of the monetary policy adopted by the Central Bank." He pointed out that "according to Law No. 56 of 2004, the bank is responsible for monetary policy, price stability, the exchange rate, and inflation rates, and that these indicators are very good at the present time, as is the financing of foreign trade."

 Regarding the issue of liquidity, Al-Fahad emphasized that "liquidity is a financial matter, not a monetary one, and it is linked to market activity, investments, government spending, and the budget." He pointed out that "liquidity is the responsibility of the Ministry of Finance, not the Central Bank."

 He explained that "the Central Bank's objective is to maintain the value of the Iraqi dinar, control inflation, and work internationally to implement financial and banking reforms that contribute to monetary stability." He further clarified that "the Central Bank has worked in the past to strengthen and diversify reserves.

This is part of the Central Bank's policy to avoid relying solely on US dollars and instead diversify the reserve currency basket to include the Chinese yuan, the Turkish lira, and the Emirati dirham, in order to unify the country's foreign trade. Additionally, increasing gold reserves plays a significant role in maintaining the size and value of these investments."

He stressed that "preserving the reserve is achieved through investing it so that it does not lose its real value, and this is what the Central Bank is working on according to a well-thought-out policy and modern investment aimed at preserving and increasing the value of these reserves," noting that "there is stability at the general level of prices and inflation rates, and the Central Bank's policy is to maintain the reserve ratio and finance foreign trade."  link

Mot: Wouldn't be Thanksgiving without  

Mot:  I'm Old Fashioned I Is!!!! 

Seeds of Wisdom RV and Economics Updates Tuesday Evening 11-25-25

Good Evening Dinar Recaps,

Russia Bets on Yuan Debt: First Sovereign Bonds to Channel BRICS Energy Cash

In a historic move, Moscow will issue yuan-denominated sovereign debt to absorb Chinese-currency energy export inflows.

Overview

• Russia plans to issue its first-ever yuan‐denominated sovereign bonds on December 8, 2025, with maturities of 3–7 years. 

• The government is targeting up to 400 billion rubles (~$4.9 billion) across several issues. 

• The issuance is closely tied to BRICS energy export earnings, with major Russian energy firms funneling their yuan revenues into domestic debt.

Key Developments

• Domestic Issuance, Local Players
  The bonds will be issued on the Moscow Exchange, with Gazprombank, Sberbank, and VTB Capital (all under Western sanctions) arranging the placement. 

• Dual Payment Option
  Investors can pay in yuan or rubles, and coupon payments can also be made in either currency, adding flexibility. 

• Targeted Investor Base
  The Finance Ministry reportedly wants a broad base of buyers: banks, asset managers, brokers, and even retail investors. 

• Fiscal Pressures Driving the Move
  Russia’s budget deficit has surged, pushing Moscow to seek non-dollar financing. 

• Channeling Energy Export Liquidity
  Energy companies like Rosneft and Lukoil, which are receiving large yuan payments, are expected to use this issuance to recycle their currency holdings. 

• Investor Yield Expectations
  According to Russian media, the expected yield on these yuan bonds may land around 6–6.5% annually, which could outperform traditional yuan deposits. 

Why It Matters

This is not just a financing gimmick — it’s a symbolic and strategic shift in Russia’s capital structure. By issuing sovereign yuan debt, Russia is turning the proceeds of its energy exports to China into a domestic fiscal tool, reducing its reliance on Western financial infrastructure and integrating deeper into the BRICS financial ecosystem.

Implications for the Global Reset

Pillar 1 — Financial System Architecture

This bond issuance is a clear move away from dollar- or euro-centric borrowing toward a more BRICS-aligned monetary infrastructure. It reinforces a multipolar financial system.

Pillar 3 — Markets & Strategic Commodities

Energy exporters are transforming their yuan earnings into domestic sovereign debt. That recycles export liquidity into the national budget and strengthens the role of yuan-denominated instruments in Russia’s debt markets.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “Russia plans to issue debut sovereign yuan-denominated bonds, sources say”

• The Moscow Times – “Finance Ministry to Debut Borrowing in Chinese Yuan in December”

• Gazeta.Ru – “В России оценили выгоду облигаций в юанях”

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South Africa’s BRICS Pivot: A $5B+ MoU with the NDB Signals New Economic Strategy

Johannesburg nod to BRICS development bank marks a strategic shift in how South Africa will fund its 2030 growth agenda.

Overview

• South Africa has signed a key MoU with the BRICS’ New Development Bank, strengthening cooperation on infrastructure financing.

• Roughly $5+ billion of NDB investment is now more directly aligned with South Africa’s National Development Plan (NDP).

• The deal supports not just energy, but also transport, digital development, and sustainable infrastructure — signaling a broader BRICS-led development strategy.

Key Developments

• Expanded Investment Across Sectors
  The NDB’s funding is not limited to energy; under this MoU, future investments will target infrastructure, transport, digital systems, and green development.

• Comprehensive Portfolio Review in Motion
  NDB executives, including the Director General of its Independent Evaluation Office, are conducting a deep-dive assessment of existing and planned projects in South Africa — more than $5 billion of previously committed funds are being evaluated for impact and alignment.

• Policy Alignment with National Goals
  South Africa is updating its National Evaluation Policy Framework (NEPF) to sync with the MoU — shifting toward outcome-based evaluation and tracking G20-level commitments. The revised NEPF is being fast-tracked to cabinet approval.

• Long-Term Development Vision
  The NDP-NDB partnership is structured to support South Africa’s 2030 goals, with the NDB coordinating closely to ensure projects align not only with infrastructure needs, but also with social and environmental sustainability.

Why It Matters

This MoU marks a major inflection point: instead of relying predominantly on Western multilateral institutions or traditional bond markets, South Africa is leaning into BRICS financial mechanisms. That realignment could reshape how new infrastructure in the Global South is financed — and alter geopolitical financial power dynamics.

Implications for the Global Reset

Pillar 1 — Financial System Architecture

By leveraging the NDB, South Africa is bypassing Western-led development banks and pushing further into a BRICS-centric funding model — accelerating the shift to alternative finance systems.

Pillar 3 — Markets & Strategic Commodities

The infrastructure projects funded by this MoU (roads, energy, digital) will strengthen South Africa’s internal economy and boost BRICS-backed capital flows — reinforcing a multipolar development market.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher.Guru – “South Africa Signs MoU with BRICS’ NDB, Marking a Major Economic Shift”

• IOL – “How the New Development Bank Has Made an Impact on South Africa”

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Tuesday Evening 11-25-25

The Minister Of Oil Discusses With The US Ambassador Relations Between The Two Countries In The Field Of Energy

Tuesday, November 25, 2025, | Economy Number of views: 296   Baghdad/ NINA / Deputy Prime Minister for Energy Affairs and Oil Minister Hayyan Abdul-Ghani discussed energy relations between the two countries with US Ambassador Joshua Harris.

A statement from the Ministry of Oil indicated that the Deputy Prime Minister for Energy Affairs and Oil Minister received the US Ambassador  and discussed with him relations between the two countries in the oil, gas, and energy sectors. /End   https://ninanews.com/Website/News/Details?key=1263664

Oil: October Exports Exceed 110 Million Barrels With Revenues Exceeding $7 Billion

Economy |  25/11/2025  Mawazin News - Baghdad:  The Ministry of Oil announced the total oil exports and revenues for October, according to statistics issued by the Iraqi Oil Marketing Company (SOMO).

The ministry stated in a press release that "the volume of crude oil exports, including condensates, reached 110,923,047 barrels, generating revenues exceeding $7,030,689,000."

It added that "the total volume of oil exported from fields in central and southern Iraq amounted to 104,816,106 barrels, while the Kurdistan Region exported 5,834,864 barrels via the Turkish port of Ceyhan, and exports to Jordan reached 272,077 barrels."

The ministry emphasized that "issuing these statistics is part of its commitment to informing the public about the details of marketing and export operations on a monthly basis."   https://www.mawazin.net/Details.aspx?jimare=270796

The Dollar Continues Its Rise In Baghdad... The Exchange Rate Is 142,400 Iraqi Dinars Per Note

Economy |  25/11/2025   Mawazin News - Baghdad:   The price of the dollar rose in Baghdad markets, reflecting ongoing market tension.

In the Al-Kifah and Al-Harithiya exchanges in Baghdad, the selling price reached 142,400 Iraqi dinars per 100 dollars, compared to 142,250 dinars yesterday.

Meanwhile, in local currency exchange offices in Baghdad, the selling price rose to 143,500 dinars, and the buying price to 141,500 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=270785

Cabinet Decisions During Today's Session

Localities  The Cabinet held its 47th regular session on Tuesday, chaired by Prime Minister Mohammed Shia al-Sudani, and issued a number of decisions, including some related to the massive pilgrimages.

Al-Sudani's media office stated in a press release that he "chaired the 47th regular session of the Cabinet, during which the general situation in the country was discussed, the topics on the agenda were reviewed, and the necessary decisions were made."

Regarding the regulation of the banking sector, the Cabinet approved "the mechanism submitted by the committee established by Diwani Order (4 of 2025) to regulate the relationship between the Trade Bank of Iraq (TBI) and foreign banks, specifically concerning the recovery of funds corresponding to letters of guarantee from the issuing banks, and to reflect this in accordance with the original recommendations previously approved by the Cabinet in its Decision (24279 of 2024)."

The Cabinet also approved "the recommendation regarding wheat sold to private mills, maintaining the price at 410,000 dinars per ton, with payment to be made directly to the Ministry of Finance."

The Council approved the Ministry of Interior's direct contracting with the Spanish companies HYT GROUP and ALUVAL, which specialize in supplying raw materials for the traffic sign manufacturing plant.

The Cabinet also followed up on the completion of stalled projects and approved increasing the total cost and contingency allocation for the following projects:

- Infrastructure projects within the framework of the Million-Person Pilgrimage Projects, in several governorates, and included in the investment budget schedules of the Prime Minister's Office.

- The project to establish a naval base at the Grand Faw Port.

- The project to establish a 400-bed hospital in Kirkuk and the Kirkuk sewage project.

- The project to complete the study, design, and implementation of the Al-Siniya sewage project in Salah al-Din Governorate.

- The project to review the designs, supply, implement, operate, and maintain the Bartella sewage network and treatment plant in Nineveh Governorate, with a design capacity of 5,000 cubic meters per day.
- The project to construct the College of Education buildings in Dhi Qar Governorate, as part of the project to complete the colleges of Dhi Qar University.

The Council Also Considered Several Items On Its Agenda And Approved The Following:

1- Including the lands specified in the Ministry of Interior's letter dated August 30, 2025, allocated to the Ministry of Interior and currently occupied by the Department of Corrections within the Ministry of Justice, under the provisions of Cabinet Resolution 23168. The Ministry of Finance, the Baghdad Municipality, and relevant authorities are directed to secure land for the Ministry of Justice.

2- Granting the Scientific Research Authority the power to disburse funds from the allocations stipulated in the instructions for facilitating budget implementation.

3- Approving the criteria for evaluating the oxidized asphalt coefficient, based on Cabinet Resolution 24988 of 2024.


62 views  Added 2025/11/25 - 7:03 PM   https://economy-news.net/content.php?id=62725

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

Spiraling Stock Market Crash Ahead? Andy Schectman

Spiraling Stock Market Crash Ahead?

Liberty and Finance:  11-25-2025

The global financial landscape is entering a period of extraordinary volatility. What starts as an arcane shift in international monetary policy can quickly cascade into a systemic crisis impacting every investor, from Main Street to Wall Street.

In a recent, essential discussion hosted by Liberty and Finance, Miles Franklin CEO Andy Schectman joined Kaiser Johnson to peel back the layers on current market dynamics.

Their conversation reveals an urgent necessity for strategic, contrarian positioning, highlighting risks ranging from a multi-trillion-dollar market unwind to geopolitical shifts undermining the US dollar, all underscoring the indispensable role of physical gold and silver.

The most immediate and massive threat discussed involves the potential unwinding of the Japanese yen carry trade. For years, global traders have leveraged Japan’s near-zero interest rates, borrowing trillions of yen cheaply and investing those funds into higher-yielding assets abroad, particularly in US stocks and bonds.

Now, as Japan begins to raise rates, this arbitrage trade is rapidly becoming uneconomical.

Schectman and Johnson warn that the forced closure of this multi-trillion-dollar trade could trigger a severe global market correction. As borrowed yen must be repaid, investors are forced to liquidate higher-yielding assets—meaning massive selling pressure is heading directly toward US stock and bond markets.

This unwinding isn’t just a technical glitch; it represents a major systemic risk that could redefine volatility for the next several quarters.

While mainstream financial analysts often fixate on paper markets, the speakers pointed to worrying signs in the physical bullion world, specifically in silver.

The discussion highlighted the unusual state of backwardation in silver futures. This highly rare market condition occurs when the current spot price for immediate physical delivery is significantly higher than the price of future contracts.

Simply put, backwardation is a glaring signal of extreme physical tightness. Buyers are willing to pay a premium now because they urgently need the metal and anticipate supply challenges down the road—a powerful indicator that the paper price may not accurately reflect the physical reality.

The conversation moved swiftly to the accelerated pace of de-dollarization—a reality often downplayed by Western media.

The panelists highlighted financial innovations like the “Embridge” cross-border payment system, currently utilized by China, the UAE, and other nations. This system allows international trade surpluses to be settled in gold, bypassing the need for the US dollar and traditional SWIFT mechanisms.

This move is not just symbolic; it’s operational and tactical, demonstrating that major economic powers are building a financial architecture that strategically reduces reliance on the USD. For the strategic investor, this systemic shift reinforces physical gold as the ultimate asset, settling economic reality outside of any one nation’s currency policy.

Systemic risk isn’t limited to traditional finance; it extends to the digital landscape as well.

Schectman referenced a crucial warning from the founder of Ethereum, suggesting that advancing quantum computing capabilities could render current blockchain cryptography vulnerable as early as 2028. If the cryptographic backbone of digital assets fails, the entire ecosystem faces an existential threat.

This looming vulnerability adds a powerful argument to the case for physical assets. As digital systems face systemic risk—whether from quantum hacks or centralized control—physical gold and silver stand entirely outside the digital matrix, offering genuine, non-fiat, non-corruptible safe haven status.

Contrarian Alignment: This cautious stance aligns with contrarian financial thinkers like Rick Rule and Bank of America’s Michael Hartnett, who emphasize increasing institutional allocations to gold as a hedge against unpredictable risks, contrasting sharply with often-unreliable forecasts from mainstream financial institutions like UBS.

With geopolitical uncertainty and systemic risk driving increased retail demand for precious metals, a new danger has emerged: widespread counterfeit bullion.

Andy Schectman committed a significant portion of the discussion to providing actionable advice on authentication, stressing that in a market flush with fake bars and coins, reputation must supersede price.

When navigating these volatile waters, an investor’s primary concern must be holding authentic physical metal

The insights shared by Kaiser Johnson and Andy Schectman paint a clear picture: global finance is undergoing a fundamental, volatile transformation driven by massive debt unwinds and geopolitical restructuring.

The message is one of caution, education, and strategic contrarian positioning. Physical precious metals are not just an investment; they are an insurance policy against systemic risk—whether that risk originates from a collapsing carry trade, geopolitical conflicts, or even the limits of digital technology.

https://youtu.be/rZIyvPbe_AI

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 11-25-25

Good Afternoon Dinar Recaps,

Sechin Sounds the Alarm: Sanctions Risk Triggering Western Economic Crisis

Rosneft CEO warns that continued sanctions could spark a destabilizing blow to the West.

Overview

• Igor Sechin, CEO of Rosneft and close Putin ally, claimed Western sanctions against Russia and China may provoke a “major economic crisis” in Western nations.

• Speaking in Beijing at a Russian-Chinese energy forum, Sechin argued that sanctions have already driven up energy costs in the West, straining both household and state budgets.

• He highlighted Russia and China’s competitive edge in electricity prices, asserting their economies are more resilient under sanction pressure.

Key Developments

• Escalating Sanctions Pressure
  Sechin criticized what he called the West’s “aggressive policy” of sanctions on both Russia and China, warning that these measures jeopardize Western economic stability.

• Electricity Price Disparity
  According to Sechin, electricity in Russia and China costs 2x less than in the U.S., and 3–4x less than in the EU, underscoring a structural competitive advantage. 

• Risk of Rising Social and Fiscal Costs
  He predicted that sustained high energy prices would force Western governments to increase subsidies, drive up household expenses, and constrain their economic potential. 

• Strategic Vision vs Short-Sighted Policy
  Quoting Sun Tzu, Sechin warned that Western sanctions lack long-term strategic thinking — “Tactics without strategy is just vanity before defeat.” 

Why It Matters

Sechin’s remarks expose a paradox: sanctions meant to punish Russia could boomerang, inflicting economic pain on their enforcers. That risk complicates the West’s leverage, especially as energy becomes a contested geopolitical tool — and highlights how economic statecraft can carry unintended blowback.

Implications for the Global Reset

Pillar 2 — Diplomacy & Financial Governance

This warning from a top Russian energy executive could intensify geopolitical fault lines, pushing Western nations to reassess the cost of financial and economic containment strategies.

Pillar 3 — Markets & Strategic Commodities

Energy markets are not just commercial but strategic. If sanctions drive instability in Western energy sectors, global capital may shift to more resilient energy superpowers like Russia and China — reinforcing a multipolar energy order.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “Russia’s Sechin says the West could face economic crisis due to sanctions”

• TASS – “Continued sanctions against Russia, China will bring West closer to crisis — Sechin”

~~~~~~~~~~

Emerging Economies Push IMF for Governance Reform

The G-24 renews pressure for rebalancing voting power and quota shares within the IMF.

Overview

• The Intergovernmental Group of 24 (G-24) has reiterated demands for updated IMF quotas, arguing that emerging economies lack proper representation.

• Leaders claim outdated governance structures fail to reflect modern global economic realities.

• The reform push comes as developing nations coordinate more closely on monetary and financial policy.

Key Developments

• Quota Realignment Back on the Table
  The G-24 is urging the IMF to accelerate negotiations on quota reform to give emerging markets greater voting power and influence.

• Call for Fair Representation
  The group argues that current structures over-represent advanced economies and under-represent nations driving global economic growth.

• Emphasis on Financial Stability & Equity
  The G-24 highlights how inequitable governance limits the IMF’s ability to respond effectively to global crises.

• Momentum for Multipolar Financial Governance
  The reform push aligns with broader moves toward alternative payment systems, reserve diversification, and south-south financial cooperation.

Why It Matters

Governance reform at the IMF could shift power away from traditional Western financial leadership and toward a more multipolar system. If successful, it would accelerate the global realignment already underway across monetary, trade, and capital systems.

Implications for the Global Reset

Pillar 2 — Diplomacy & Peace Architecture

Greater representation for emerging economies redistributes influence within international institutions, altering the balance of global financial governance.

Pillar 1 — Financial System Architecture

A reweighted IMF could support alternative reserve structures, diversified lending systems, and new financial safety nets beyond traditional Western dominance.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• IMF – “Communiqué of the Intergovernmental Group of 24 on International Monetary Affairs and Development”

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Tuesday Afternoon 11-25-25

The Central Bank is developing a plan to increase Iraq's gold reserves

Economy | 25/11/2025   Mawazin News - Baghdad:   The Central Bank of Iraq announced a plan to increase Iraq's gold reserves.  

Alaa al-Fahd, a member of the bank's media office, stated that "Iraq ranks sixth in the Arab world in gold reserves, according to the latest statistics," emphasizing that "the gold reserve is at a good and well-maintained level, exceeding 160 tons, and the Central Bank is working to increase it as much as possible."

He added that "the Central Bank also seeks to increase the reserve portfolio by maintaining its value and diversifying its holdings, as part of its monetary policy," noting that "according to Law 56 of 2004, the bank is responsible for monetary policy, price stability, the exchange rate, and inflation rates, and these indicators are very good at the present time, as is the financing of foreign trade."

Regarding the issue of liquidity, al-Fahd stressed that "liquidity is a financial, not a monetary, matter, and it follows market activity, investments, government spending, and the budget," indicating that "liquidity is the responsibility of the Ministry of Finance, not the Central Bank."

He explained that "the Central Bank's objective is to maintain the value of the Iraqi dinar, control inflation, and work internationally to implement financial and banking reforms that contribute to monetary stability." He clarified that "the Central Bank has worked during the past period to strengthen and diversify reserves.

This is part of the Central Bank's policy of not relying solely on US dollars but also diversifying the reserve currency basket to include the Chinese yuan, the Turkish lira, and the Emirati dirham in order to unify the country's foreign trade, in addition to increasing gold reserves.

This plays a very significant role in maintaining the size and value of these investments."
He emphasized that "maintaining reserves is achieved through investment so that they do not lose their real value.

This is what the Central Bank is working on according to a well-considered policy and modern investment strategies aimed at preserving and increasing the value of these reserves." He noted that "there is general stability in prices and inflation rates, and the Central Bank's policy is to maintain the reserve ratio and finance foreign trade." https://www.mawazin.net/Details.aspx?jimare=270795

Central Bank: Gold Reserves Exceed 160 Tons; Plan To Diversify Currencies And Enhance Monetary Stability

Time: 2025/11/25 Readings: 75 times   {Economic: Al-Furat News} The Central Bank of Iraq announced on Tuesday that it has developed a plan to increase Iraq's gold reserves..

Alaa Al-Fahd, a member of the bank's media office, stated in a press release that "Iraq ranks sixth in the Arab world in gold reserves according to the latest statistics," emphasizing that "the gold reserve ratio is good and maintained, amounting to more than 160 tons, and that the Central Bank is working to increase it as much as possible."

He added that "the Central Bank also seeks to increase the reserve basket by maintaining the reserve, its value and diversifying it, as part of the monetary policy adopted by the Central Bank," noting that "the bank, according to Law 56 of 2004, is responsible for monetary policy and the stability of the price level and the exchange rate, as well as inflation rates, and that these indicators are very good at the present stage, and also the financing of foreign trade is good."

Regarding the issue of liquidity, Al-Fahd stressed that "the issue of liquidity is financial and not monetary, and it follows the movement of the market, investments, government spending and the budget," noting that "the issue of liquidity is the responsibility of the Ministry of Finance and not the Central Bank."

He explained that "the Central Bank's goal is to maintain the value of the Iraqi dinar, maintain the inflation level, and work at the international level to implement financial and banking reforms that contribute to achieving monetary stability," clarifying that "the Central Bank has worked during the previous period to strengthen and diversify reserves, which is part of the Central Bank's policy to not be solely dollar-based, but to diversify the reserve currency basket with the Chinese yuan, the Turkish lira, and the Emirati dirham in order to unify the countries' foreign trade, in addition to increasing the gold reserve stock, and this has a very significant role in maintaining the size and value of these investments."

He stressed that "preserving the reserve is achieved through investing it so that it does not lose its real value, and this is what the Central Bank is working on according to a well-thought-out policy and modern investment aimed at preserving and increasing the value of these reserves," noting that "there is stability at the general level of prices and inflation rates, and the Central Bank's policy is to maintain the reserve ratio and finance foreign trade."   LINK

The Price Of An Ounce Of Gold Rose By $100

Economy | 09:19 - 25/11/2025   Mawazin News - Follow-up:  Gold prices rose by more than 1.5% after the opening of Asian markets, surpassing $4,150 an ounce, driven by increased expectations of a US interest rate cut next month.
Gold is currently trading at around $4,140, ​​amid market optimism regarding the direction of US monetary policy.

Bart Melek, an analyst at TD Securities, said, "The market is now convinced that the US Federal Reserve will cut interest rates next month, similar to what it did last October."

According to data from US stock exchanges, traders see a 79% chance of a rate cut next month, which has boosted demand for the precious metal.   https://www.mawazin.net/Details.aspx?jimare=270778

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

Trump Revealed The Economic Plan, The Entire Country Is About To Change

Trump Revealed The Economic Plan, The Entire Country Is About To Change

X22 Report:  11-24-2025

In this video he and 589Bull talks about Presidents Trumps plan…..fiat system is dying…the return of the gold standard…a gold revaluation…..auditing Ft. Knox…..the death of taxes and the IRS……and  “IRAQ’S IQD IS PREPPING FOR INTERNATIONAL USE”!

Trump is bringing the new economic system online and the old system is dying.

(See minute 11:00 or so for a synopsis and minute 15:00 or so for DJT’s  financial “reset” plan according to 589Bull)

We are about to see the entire financial system change and it’s going to be incredible.

The [DS]/[CB] are moving forward with their tax plan world wide, this will destroy their [CB] system.

You can now see the difference between the red states and blue states.

The American replacement of foreign workers is now in progress.

Trump reveals the economic plan to the people.

https://www.youtube.com/watch?v=MN6xZE8TntE

Seeds of Wisdom RV and Economics Updates Tuesday Morning 11-25-25

Good Morning Dinar Recaps,

ISO 20022 Goes Fully Live: A Quiet Revolution in Global Payments

SWIFT’s final cutover retires legacy messaging and ushers in a data-rich financial architecture.

Overview

• SWIFT has officially completed its global transition from MT to ISO 20022, ending decades of legacy payment formats.

• Banks and financial institutions worldwide are now required to use the new standard, expanding data fields, automation capability, and semantic clarity.

• The transition enhances interoperability, creating a unified, machine-readable framework for future digital money systems.

Key Developments

• End of Legacy MT Messages
  SWIFT formally ended MT payment instructions, marking the full adoption of ISO 20022 for cross-border payments, securities, and cash management.

• Higher-Quality Payment Data
  The new format provides structured, enriched data that reduces errors, improves compliance screening, and accelerates settlement speeds.

• Foundation for Next-Gen Financial Technology
  ISO 20022 enables automated reconciliation, faster straight-through processing, and seamless integration with tokenized assets and CBDC infrastructure.

• Global Adoption Momentum
  Banks across Europe, Asia, the Middle East, and the Americas have been preparing for years, but the final switch marks the first time all major global payment rails speak a common language.

Why It Matters

ISO 20022 doesn’t change currencies directly — it changes the pipes they move through.
By modernizing global payment messages, it lays the groundwork for programmable payments, digital currencies, enhanced liquidity management, and new layers of interoperability that will reshape how value moves across borders.

Implications for the Global Reset

Pillar 1 — Finance Infrastructure Modernization

ISO 20022 is becoming the backbone of a redesigned global financial system, enabling central banks, clearinghouses, and commercial banks to operate on a unified data standard.

Pillar 4 — Currency Evolution

The standard’s structured data model is compatible with CBDCs, tokenized deposits, and future cross-border digital currency corridors — positioning it as a foundational layer for emerging monetary architectures.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• PaymentExpert – “SWIFT’s ISO 20022 Cutover: The End of MT and a 20-Year Promise”

• Capco – “ISO 20022: The Silent Revolution in Global Payments”

~~~~~~~~~~

IMF Advances Global Digital Money Oversight

New IMF data protocols aim to unify how nations track CBDCs, stablecoins, and crypto-assets.

Overview

• The IMF has completed its first global test run for collecting digital-money data, covering CBDCs, stablecoins, and crypto markets.

• The pilot is part of the G20 Data Gaps Initiative (DGI-3), designed to standardize how countries report emerging forms of money.

• The framework prepares central banks for a world where digital currencies operate alongside traditional fiat.

Key Developments

• Pilot Data Collection Completed
  From July to November 2025, countries tested new protocols for reporting CBDC usage, stablecoin circulation, and cross-border digital transactions.

• Moves Toward Unified Global Reporting
  The IMF is preparing to roll out a permanent, standardized reporting regime, improving visibility over how digital money flows across borders.

• Focus on Systemic Risk & Transparency
  The new framework is designed to detect vulnerabilities early, especially in fast-moving digital asset markets.

• Preparation for Digital Currency Integration
  By harmonizing reporting frameworks, the IMF is laying the technical groundwork for coordinated regulations — and potentially interoperable CBDC systems in the future.

Why It Matters

A standardized global reporting structure for digital money creates the visibility needed for regulators, central banks, and international institutions to manage the growing digital financial ecosystem. This marks a major step toward integrating CBDCs and stablecoins into the core of the global monetary system.

Implications for the Global Reset

Pillar 2 — Diplomacy & Governance

Harmonized digital-money oversight increases coordination between nations and strengthens multilateral influence in shaping the future financial architecture.

Pillar 4 — Currency Evolution

Consistent global reporting makes it easier for CBDCs to become mainstream, accelerating the shift toward programmable and interoperable digital currency systems.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• IMF – “Digital Money: Guidelines for Test Data Collection (DGI-3)”

• IMF – “DGI-3 Key Messages”

~~~~~~~~~~

U.S. Signals Possible Intervention in Venezuela as Terror Designation Escalates Tensions

Rep. Maria Salazar suggests Washington may be preparing direct action amid oil, security, and geopolitical stakes.

Overview

• Rep. Maria Salazar claims the U.S. is “about to go in” to Venezuela, signaling potential military or regime-change action.

• The U.S. has designated Nicolás Maduro’s regime and the Cartel de los Soles as a Foreign Terrorist Organization, dramatically raising the stakes.

• Venezuela’s massive oil reserves and alleged ties to hostile groups are being cited as justification for stronger U.S. measures.

Key Developments

• Salazar’s Warning of U.S. Action
  Speaking on Fox Business, Rep. Salazar said Maduro “understands we’re about to go in,” framing intervention as beneficial to the U.S. economy and national security.

• Oil as a Central Strategic Factor
  Venezuela holds the world’s largest proven oil reserves. Salazar argued intervention could unlock “more than a trillion dollars in economic activity” for U.S. companies.

• Terrorist Designation Takes Effect
  The State Department’s designation of Cartel de los Soles — allegedly headed by Maduro — places the Venezuelan leadership within the same legal framework as foreign terrorist organizations.

• Military Pressure Rising
  The U.S. has deployed the world’s largest aircraft carrier to the Caribbean, following months of maritime operations targeting suspected drug-smuggling vessels.

• Historical Parallels Drawn
  Salazar compared the situation to the 1989 U.S. intervention in Panama, suggesting Venezuelans would welcome U.S. forces similarly.

Why It Matters

The convergence of military deployment, terrorist designations, and political rhetoric signals a serious escalation in U.S.–Venezuela tensions. If Washington moves toward intervention, it would reshape hemispheric geopolitics, energy markets, and U.S. relations with Latin America — all at a moment when global power balances are already shifting.

Implications for the Global Reset

Pillar 2 — Diplomacy & Peace Architecture

A U.S. intervention would heighten geopolitical fragmentation, accelerate alignment shifts in Latin America, and further test global diplomatic frameworks already strained by multipolar competition.

Pillar 3 — Markets & Strategic Commodities

Venezuela’s vast oil reserves could become a major factor in global energy restructuring. Any U.S.-led regime change could dramatically influence oil production, pricing, and strategic access critical to the emerging financial order.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Newsweek – “Republican Says US ‘About to Go In’ to Venezuela, With Oil a Key Reason”

• Anadolu Agency – “US lawmaker says Venezuelan president knows ‘we’re about to go in’”

• Common Dreams – “‘Venezuela, for the American Oil Companies, Will Be a Field Day,’ Says US Lawmaker Pushing Invasion”

• Newsweek – “Republican Says US ‘About to Go In’ to Venezuela, With Oil a Key Reason”

~~~~~~~~~~

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Thank you Dinar Recaps

“Tidbits From TNT” Tuesday Morning 11-25-2025

TNT:

Tishwash: The financial reform package supports domestic investment and stimulates the economy.

With a focus on reducing the deficit and increasing non-oil revenues, local investment in Iraq appears to be on the verge of a new phase of growth and prosperity, but the question remains about the sustainability of these policies.

The Prime Minister's economic advisor, Mazhar Muhammad Salih, affirmed that the Iraqi government is pursuing a disciplined fiscal policy that relies on sound management of the deficit and rationalization of public spending, which has strengthened the confidence of the private sector and reduced the level of uncertainty that was one of the most prominent obstacles to local investment.

Saleh said , “The impact of fiscal policy on the volume of local investments varies according to the nature of the sectors. While the energy sectors, especially oil, gas and renewable energies, have the largest share of investment flows due to their attractiveness and profitability, recent years have witnessed a clear shift towards investment in the construction and pharmaceutical industries, as local and foreign investors have begun to pay attention to the growing opportunities in these sectors.”

He added that “the impact of fiscal policy is varied; it is positive on large investment projects through relative financial stability, but it is more influential and effective with regard to small and medium-sized enterprises, as a joint incentive and financing approach has been adopted between fiscal and monetary policy.”

Establishment of Riyada Bank

Saleh pointed out that “the most prominent tools of this approach is the establishment of Riyada Bank as a mixed bank specializing in financing small and medium projects with the aim of mobilizing nearly sixty percent of the unemployed workforce through long-term, easy loans, as it is being established with the contribution of private Iraqi banks and with the direct supervision and support of the Central Bank.”

He then continued, “In addition to cooperation with specialized international organizations, there were also extensive initiatives to provide loans to young people and support individual and group projects under the direct supervision of the Prime Minister within the Youth Initiative.”

Saleh explained that “the success of fiscal policy in reducing the deficit depends on achieving a delicate balance between sustaining macroeconomic stability and providing space for growth and investment. A disciplinary policy without a developmental vision may curb economic activity, while uncontrolled expansionary spending leads to a deepening of the deficit gap.”

Increase in non-oil revenues

“Based on this, financial reform programs work to increase non-oil revenues by expanding customs and tax collection, modernizing legislation, and enhancing public financial digitization to reduce leakage and waste, raise collection efficiency, improve the business environment to encourage the private sector to expand and invest, and raise the efficiency of public spending by adopting performance evaluation standards and linking projects to economic feasibility,” he added.

Saleh concluded his statement by emphasizing that “the success of the current fiscal policy is based on combining fiscal discipline to ensure macroeconomic stability and developmental stimulus to expand the production base and encourage local investment

. Digitalization, improving non-oil revenues, and enhancing private sector confidence are key pillars for strengthening public finances and achieving more sustainable economic growth in the short, medium, and long term.” link

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

Tishwash: Iraq seeks to expand its global economic influence

The Ministry of Trade announced its plans to bring national products to global markets, stressing that “Iraqi industries have reached an advanced level.”

The ministry stated that it “is working to support the Iraqi private sector participating in international exhibitions and showcasing Iraqi products in the food, industrial and commercial sectors, and to enhance the role of the General Company for Iraqi Exhibitions and the Export Support Fund.”

She explained: “The achievements of Iraqi industry have reached an advanced level and have established significant pillars in supporting the export of industrial projects and introducing Iraqi materials into global and Iraqi markets.”  link

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

Tishwash:  Government advisor: Digitalization and increasing non-oil revenues are fundamental to financial reform.

The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the Iraqi government is following a disciplined financial policy that relies on sound management of the deficit and rationalization of public spending, which has strengthened the confidence of the private sector and reduced the level of uncertainty that was one of the most prominent obstacles to local investment.

Saleh told Al-Furat News that: “The impact of fiscal policy on the volume of local investments varies according to the nature of the sectors. While the energy sectors, especially oil, gas and renewable energies, have the largest share of investment flows due to their attractiveness and profitability, recent years have witnessed a clear shift towards investment in the construction and pharmaceutical industries, as local and foreign investors have begun to pay attention to the growing opportunities in these sectors.”

He added, "The impact of fiscal policy is varied; it is positive for large investment projects through relative financial stability, but it is more influential and effective with regard to small and medium-sized enterprises, as a joint incentive and financing approach has been adopted between fiscal and monetary policy."

Saleh pointed out that "the most prominent tools of this approach is the establishment of Riyada Bank as a mixed bank specializing in financing small and medium projects with the aim of mobilizing nearly sixty percent of the unemployed workforce through long-term, easy loans, as it is being established with the contribution of private Iraqi banks and with the direct supervision and support of the Central Bank."

He continued, "In addition to cooperation with specialized international organizations, this was accompanied by extensive initiatives to provide loans to young people and support individual and group projects under the direct supervision of the Prime Minister within the Youth Initiative."

Saleh explained that “the success of fiscal policy in reducing the deficit depends on achieving a delicate balance between sustaining macroeconomic stability and providing space for growth and investment. A disciplinary policy without a developmental vision may curb economic activity, while uncontrolled expansionary spending leads to a deepening of the deficit gap.”

He added, "Based on this, financial reform programs work to increase non-oil revenues by expanding customs and tax collection, modernizing legislation, and enhancing public financial digitization to reduce leakage and waste, raise collection efficiency, improve the business environment to encourage the private sector to expand and invest, and raise the efficiency of public spending by adopting performance evaluation standards and linking projects to economic feasibility."

Saleh concluded his statement by emphasizing that “the success of the current fiscal policy is based on combining fiscal discipline to ensure macroeconomic stability and developmental stimulus to expand the production base and encourage local investment. Digitalization, improving non-oil revenues, and enhancing private sector confidence are key pillars for strengthening public finances and achieving more sustainable economic growth in the short, medium, and long term.” link

Mot: The Life at ole Walmart!!!! 

Mot:  For the ""503rd time""