The Debt Spiral Is Here… Now A New System Must Emerge | Luke Gromen
The Debt Spiral Is Here… Now A New System Must Emerge | Luke Gromen
Market Disruptors: 11-27-2025
In this conversation, we unpack how fiscal dominance, collapsing Treasury demand, and the end of the post-WWII dollar order are forcing the U.S. toward a new regime built on financial repression, inflation, and neutral settlement assets like gold and Bitcoin.
Luke explains why the old system can’t survive its own math, what the next monetary era will look like, and how investors can position for the global reset already underway.
The Debt Spiral Is Here… Now A New System Must Emerge | Luke Gromen
Market Disruptors: 11-27-2025
In this conversation, we unpack how fiscal dominance, collapsing Treasury demand, and the end of the post-WWII dollar order are forcing the U.S. toward a new regime built on financial repression, inflation, and neutral settlement assets like gold and Bitcoin.
Luke explains why the old system can’t survive its own math, what the next monetary era will look like, and how investors can position for the global reset already underway.
This is the blueprint for understanding the new system that must emerge—and what it means for wealth, power, and the future of the U.S. economy.
0:00 — The U.S. enters a precarious fiscal equilibrium
4:12 — Foreign buyers aren’t coming back to Treasuries
8:45 — Why AI accelerates the debt crisis
12:28 — Fiscal dominance becomes the new reality
17:50 — Treasury market stress reaches a breaking point
22:34 — The entitlement system hits its mathematical limits
27:06 — Inflation becomes policy, not an accident
32:40 — Gold and Bitcoin shift from trade to trend
37:58 — Why repression will define the next decade
43:21 — What the new monetary system must look like
Seeds of Wisdom RV and Economics Updates Thursday Afternoon 11-27-25
Happy Thanksgiving Dinar Recaps,
Army Suspends Election Process, Declares Rule in Guinea-Bissau
Military faction declares control one day before contested election results were to be announced.
Happy Thanksgiving Dinar Recaps,
Army Suspends Election Process, Declares Rule in Guinea-Bissau
Military faction declares control one day before contested election results were to be announced.
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Overview
A group of army officers in Guinea-Bissau says it has seized control of the country, forming a “High Military Command for the Restoration of Order.”
Gunfire was heard near key government buildings in the capital before subsiding after roughly an hour.
The announcement comes one day before the national electoral commission was expected to release results from a disputed presidential race.
Both incumbent President Umaro Sissoco Embaló and opposition candidate Fernando Dias had already claimed victory.
The military command says it will run the nation “until further notice,” suspending civilian authority during the crisis.
Key Developments
Timing suggests election-related trigger: The power seizure occurred on the eve of the official results announcement, raising questions about military alignment in the political dispute.
Short-lived but intense unrest: Gunfire around government sites appears to have been aimed at securing strategic locations before the officers issued their public declaration.
Election process disrupted: The electoral commission is now unable to proceed, placing the entire democratic transition in limbo.
Potential border closures and institutional paralysis: Reports indicate officers intend to halt normal government functions while the situation stabilizes.
Military justification: The officers claim they are acting to “restore order,” though no clear evidence of widespread unrest has been provided.
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Why It Matters
The sudden military takeover threatens to reverse years of fragile democratic progress in Guinea-Bissau, a nation with a long history of coups and political volatility. The disruption of election results raises the risk of factional violence, undermines investor confidence, and heightens concerns across West Africa — a region already grappling with multiple coups, insurgencies, and governance crises.
Implications for the Global Reset
Pillar — Political Stability & Governance Risk: Another West African coup intensifies the region’s instability, shaping global risk assessments and potentially affecting foreign investment, aid conditionality, and multilateral engagement.
Pillar — Regional Security Dynamics: A power vacuum or disputed control could ripple across ECOWAS states, influencing regional security commitments and international responses to governance breakdowns.
What’s Next
More clarity is expected as the military outlines its transitional roadmap and regional actors respond. ECOWAS and the African Union are likely to pressure the officers to restore constitutional order, while internal factions may mobilize depending on how the political camps react. The suspension of the electoral process could provoke further unrest if supporters of either candidate push back against military control.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Modern Diplomacy – “Coup Underway in Guinea-Bissau, Army Officers Claim”
Al Jazeera – “Guinea-Bissau army officers say they have seized power; president deposed”
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Tether’s Gold Pivot — Digital Money Meets Old-World Bullion
As fiat instability and regulatory pressure mount, Tether anchors its stablecoin empire in physical gold — reshaping how stablecoin reserves are structured.
Overview
Tether has amassed roughly 116 tonnes of gold, placing it among the largest non-sovereign holders worldwide.
The company has shifted from relying on Treasuries and fiat reserves toward hard-asset backing, using gold to hedge against devaluation and regulatory uncertainty.
Analysts say Tether’s aggressive bullion purchases are tightening physical supply, contributing to price support in global metals markets.
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Key Developments
26 tonnes added in Q3 alone, marking one of the fastest gold-accumulation paces among global financial entities.
Gold now forms a strategic portion of Tether’s reserve structure, designed to improve resilience against dollar volatility.
The firm continues expanding its digital-gold instruments, blending physical bullion with blockchain-based assets.
Tether’s demand has become large enough that analysts now track it as a market-moving buyer, impacting global metals flows.
Why It Matters
Tether’s pivot toward physical gold signals a deeper shift in how digital-asset institutions manage stability and trust. By hedging its reserves with a politically neutral, historically stable commodity, Tether is positioning USDT as a hybrid instrument — one tied to both global liquidity and tangible stores of value. This structure may become increasingly relevant as fiat currencies face rising inflation and geopolitical fragmentation.
Implications for the Global Reset
Pillar: Reserve Diversification & Decentralized Collateral
Tether’s move could inspire other financial institutions — including sovereign entities — to explore reserve strategies that reduce dependence on debt-based fiat systems.
Pillar: Real-Asset Anchoring in Digital Finance
The fusion of physical gold with blockchain-based tokens accelerates the transition toward asset-backed digital liquidity, a key feature of emerging multipolar financial architecture.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
CoinDesk – “Tether’s Gold Hoard Surges to 116 Tons, Rivals Small Central Banks”
Kitco News – “Tether’s gold purchases could support prices for years — Jefferies”
~~~~~~~~~~
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“Tidbits From TNT” Thursday 11-27-2025
TNT:
Tishwash: A government advisor reveals the truth about the financial situation in Iraq...no cause for concern.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that what is being circulated about Iraq going through a severe financia crisis and being unable to pay salaries is part of a “heated political season in which negative rumors against Iraq abound,” stressing that most of what is being raised is not based on facts.
Saleh adds in a press statement that Iraq has high financial capabilities, including good oil revenues and non-oil revenues, and that the government places salaries, wages, pensions and social welfare at the top of its priorities, explaining that any delay in payment is technical and simple and happens occasionally.
TNT:
Tishwash: A government advisor reveals the truth about the financial situation in Iraq...no cause for concern.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that what is being circulated about Iraq going through a severe financia crisis and being unable to pay salaries is part of a “heated political season in which negative rumors against Iraq abound,” stressing that most of what is being raised is not based on facts.
Saleh adds in a press statement that Iraq has high financial capabilities, including good oil revenues and non-oil revenues, and that the government places salaries, wages, pensions and social welfare at the top of its priorities, explaining that any delay in payment is technical and simple and happens occasionally.
He points out that the current wave of fear-mongering has put citizens in a state of unjustified anxiety, stressing that “Iraq is not a besieged country and is not at war, and the financial and monetary policies are working to ensure a decent life, from the food basket to salaries and infrastructure, and everything that is being raised about cutting salaries or reducing the value of the dinar or an economic collapse is nothing but lies upon lies,” as he put it. link
Tishwash: The Iraqi dinar: stable and consistent
Amidst the analyses and speculations circulating that raise questions about the fate of the national currency, official facts and data confirm that talk of any change in the exchange rate of the Iraqi dinar is nothing more than speculation that is not based on any sound economic foundation.
Through a careful reading of the economic reality and the official statements of the Central Bank of Iraq, it becomes clear that the stability of the exchange rate is the fixed strategic option that is being defended with effective monetary tools and a huge balance of foreign reserves.
The Central Bank of Iraq places the stability of the exchange rate at the heart of its priorities, in accordance with the law that governs its work and aims to ensure price stability. The bank’s statements were clear and decisive in denying any intention or the existence of any serious study to reduce the value of the dinar, as such a decision has no economic justification in the current circumstances.
The facts on the ground speak for themselves clearly: huge foreign reserves exceeding $95 billion form a protective shield that ensures hard currency liquidity and covers all external strengthening needs of the national economy.
The Central Bank’s firm policies have also proven effective in maintaining the stability of the official and parallel exchange rates, as they have succeeded in narrowing the gap between them significantly, supported by the flow of oil revenues, which constitute a stable source of hard currency. This stability in the exchange rate has been a key pillar behind achieving low inflation rates, the lowest in the region, which has contributed to protecting the purchasing power of citizens and maintaining stable living conditions.
The Central Bank remains vigilant against all rumors and ill-considered analyses aimed at undermining confidence in the national currency and creating market instability. It possesses all the necessary regulatory and financial tools to counter such attempts and maintain the stability of the dinar. Exchange rate stability is not merely a number on a screen; it is the cornerstone of the stability of the entire national economy and a guarantee of sustainable development and investor confidence.
In conclusion, the future of the Iraqi dinar is shaped by a strong economic reality and a wise monetary policy that refuses to be swayed by any pressures or rumors, stressing that stability is the most prominent theme in the coming period. link
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Tishwash: The 2026 budget is on the planning table... a discussion of the general framework and plans for subsequent years.
The 2026 budget and plans for subsequent years were the focus of a meeting at the Ministry of Planning, where the general framework and proposed projects to be included were discussed.
The ministry stated in a statement , which was reviewed by (Shafaqna Iraq), that “a meeting was held today, Wednesday, to discuss the preparation of the budget for 2026 and the next three years (2026-2027-2028), chaired by the Undersecretary of the Ministry for Technical Affairs, Maher Hammad Johan, and attended by a number of directors general, heads of departments and representatives of relevant departments in the ministry.”
She added that “the meeting’s discussions focused on the general framework of the 2026 budget and plans for subsequent years.”
“Discussions were also held regarding ongoing and new loans and projects proposed for inclusion in the budget, as well as examining the terms of the Chinese framework agreement and the development projects it includes.”
The statement continued, “The meeting also addressed the preparation of appropriate scenarios for the 2026 budget, in preparation for submitting them to decision-makers for approval according to developmental and economic priorities.” link
Mot: .. May Your Stuffing!!!
Mot: Thinksgiving!!!! - HUH!!?? Say What???
Mot: Getting Ready Fur the Turkey
Seeds of Wisdom RV and Economics Updates Thursday Morning 11-27-25
Happy Thanksgiving Dinar Recaps,
Global Markets Lift as Rate-Cut Bets Rise, While Metals and Payments Sectors Flash New Signals
Risk assets rally on shifting Fed expectations as gold strengthens, payment networks expand, and currency volatility builds.
Happy Thanksgiving Dinar Recaps,
Global Markets Lift as Rate-Cut Bets Rise, While Metals and Payments Sectors Flash New Signals
Risk assets rally on shifting Fed expectations as gold strengthens, payment networks expand, and currency volatility builds.
Overview
Global markets rallied over the past 24 hours as investors priced in a potential U.S. Federal Reserve rate cut, boosting equities across the U.S., Europe, and Asia.
Gold climbed to near two-week highs as softer U.S. economic data fueled safe-haven demand and increased expectations of Fed easing.
The payments sector saw fresh consolidation moves as fintech firms accelerated cross-border settlement partnerships.
Currency markets shifted as the U.S. dollar weakened on rate-cut expectations, lifting Asian and emerging-market currencies.
Industrial metals remained mixed, with oversupply concerns weighing on lead and other battery-related metals.
Key Developments
Equity markets extended multi-session gains in the U.S. and Asia as investors pivoted toward risk assets on renewed optimism for monetary easing.
Gold strengthened amid tepid U.S. data, remaining buoyed by safe-haven flows and expectations of a softer dollar environment.
Cross-border payments expanded as MOIN deepened its partnership with Nium, signaling continued growth in global remittances and digital settlement infrastructure.
Cryptocurrency adoption accelerated, with new reports showing rising use of Bitcoin and stablecoins as financial lifelines in emerging economies.
Base metals diverged, with crude oil and copper rising while aluminum and lead remained pressured by oversupply.
Why It Matters
The evolving macro landscape—driven by softening U.S. economic indicators—suggests markets are transitioning into a rate-cut environment. This shift is driving demand for risk assets and safe-haven metals simultaneously, while FX volatility and global payments expansion point to a broader realignment in global capital flows. The combination of stronger gold, rising equities, and shifting currency dynamics reflects an early-stage repositioning in anticipation of looser monetary policy.
Implications for the Global Reset
Pillar — Monetary Shift & Market Repricing: The growing likelihood of a Fed rate cut is reshaping global asset valuations, strengthening both risk-on and safe-haven segments.
Pillar — Digital and Cross-Border Payments Expansion: Fintech partnerships are accelerating, reinforcing a move toward faster, decentralized, and globally connected financial rails.
What’s Next
Markets will closely watch upcoming U.S. economic releases and Fed communications for confirmation of a December pivot. Metals investors will monitor supply-chain data for clarity on base-metal oversupply trends, while FX markets may see further volatility if the dollar continues to soften. Payment-sector partnerships are likely to expand as global remittance volumes rise and demand for digital settlement intensifies.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters – “Stocks gain on Fed easing hopes, yen locked in intervention zone”
Upstox – “Commodity Market Updates, November 27: Crude oil, Copper rise; Aluminium futures decline”
Investopedia – “Dow Jones Today: Indexes Extend Gains as Rate-Cut Bets Rise”
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Israel Launches Major New Operation in Northern West Bank
Israeli forces mount a large-scale counter-terrorism raid centred on Tubas as northern West Bank deployments expand.
Overview
Israeli security forces launched a large-scale, multi-agency operation in the northern West Bank focused on Tubas.
Residents were ordered from homes; forces reportedly used helicopter fire, occupied rooftops and made arrests.
Israeli authorities confirmed an early-morning operation involving the army, police and intelligence services but provided few public details.
The raid appears to be an extension of a months-long campaign that began in Jenin and has spread across multiple northern West Bank cities.
Human rights groups have increased scrutiny this month, renewing allegations of forced expulsions that Israel denies.
Key Developments
Encirclement and house-to-house activity in Tubas: Local officials report neighbourhoods sealed off, mass displacements and prolonged deployments.
Expanded operational footprint: The Tubas raid fits a pattern since January of deeper, more sustained deployments in northern West Bank population centres.
Civilian impact: Orders barring residents from returning to their homes and reports of infrastructure damage have increased displacement and humanitarian stress.
International scrutiny: Human Rights Watch and others have raised rights and accountability concerns; diplomatic reactions are likely to grow amid allegations of serious abuses.
Security rationale declared by Israel: Officials frame the operation as necessary to dismantle armed groups and prevent attacks amid rising militancy across the West Bank.
Why It Matters
The intensifying campaign in the northern West Bank amplifies volatility after the Gaza ceasefire. Sustained military pressure risks deepening displacement, further eroding the Palestinian Authority’s limited governance capacity, and provoking greater international scrutiny and diplomatic friction.
Greater instability in the West Bank also raises the probability of retaliatory violence and heightened settler-Palestinian clashes that would complicate regional security and humanitarian responses.
Implications for the Global Reset
Pillar — Regional Stability & Political Risk: Continued operations and displacement increase geopolitical risk in a strategically sensitive region, affecting investor risk assessments and regional supply-chain confidence in sectors tied to Middle East stability.
Pillar — Humanitarian & Legal Accountability: Escalating rights allegations may prompt broader international legal and diplomatic pressure, influencing bilateral aid decisions, multilateral engagement, and the calculus of states balancing security cooperation with rights concerns.
What’s Next
Israeli forces are expected to maintain an elevated presence in Tubas for several days, with more operational details to be released by military authorities. The campaign may further expand across northern West Bank towns unless diplomatic pressure or political shifts alter Israel’s operational tempo. Key risks to monitor in the coming days include increased displacement figures, new rights investigations, and spikes in settler-related violence.
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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Iraq Economic News and Points To Ponder Thursday Morning 11-27-25
Foreign Minister: Effective Consular Work Opens Up Opportunities For Companies And Investors To Enter The Market
Wednesday, November 26, 2025 | Politics Number of views: 229 Baghdad/ NINA / Foreign Minister Fuad Hussein affirmed on Wednesday that effective consular work opens doors for companies and investors.
The Ministry stated in a press release that it held its second annual Consular Forum, attended by ambassadors and consuls from diplomatic missions operating in Iraq.
Foreign Minister: Effective Consular Work Opens Up Opportunities For Companies And Investors To Enter The Market
Wednesday, November 26, 2025 | Politics Number of views: 229 Baghdad/ NINA / Foreign Minister Fuad Hussein affirmed on Wednesday that effective consular work opens doors for companies and investors.
The Ministry stated in a press release that it held its second annual Consular Forum, attended by ambassadors and consuls from diplomatic missions operating in Iraq.
The statement added that Foreign Minister Fuad Hussein opened the forum with a speech emphasizing that it has become an important platform for constructive dialogue and the exchange of perspectives with partners from brotherly and friendly nations working in Iraq.
According to the statement, the Minister indicated that "consular work, when effective, organized, and modernized, becomes a solid bridge for building trust, opens doors for companies and investors, provides legal support, stimulates tourism, and strengthens the rights of expatriate communities.
" He stressed that "this meeting represents a new milestone that will advance shared goals, develop consular work mechanisms, and expand cooperation between Iraq and its partners."
The statement explained, "An introductory video was shown, addressing the forum's objectives and the development of consular work. The video also reviewed the forum's themes and strategic goals. A dialogue session was then held, moderated by the Head of the Consular Department, Ambassador Falah Al-Saadi.
Participants included the Undersecretary of the Ministry, Ambassador Mohammed Hussein Bahr Al-Uloom; Lieutenant General Nashat Al-Khafaji, Director General of the Civil Status, Passports, and Residency Department; and Ahmed Oraibi from the Ministry of Justice."
The statement continued, "This was followed by another session featuring Omar Al-Alawi, Advisor to the Prime Minister for Tourism, Antiquities, and Expatriate Affairs; Bakhtiar Haji Hamad, Representative of the Kurdistan Regional Government in Baghdad; and Mohammed Al-Rubaie, Director General of Relations and Media at the Baghdad Municipality.
" The statement noted that "both sessions witnessed extensive discussions and high-level interaction from the attendees, with numerous questions and observations raised. Officials provided comprehensive answers and clarifications, each within their respective field of expertise." https://ninanews.com/Website/News/Details?Key=1263903
US Embassy: Deputy Secretary Of State Will Visit Iraq And The Region For These Reasons
Wednesday, November 26, 2025 21:26 | Politics Number of views: 91 Baghdad / NINA / The US Embassy in Iraq revealed details of the visit of US Deputy Secretary of State for Management and Resources Michael Regas to Turkey, Iraq, and Israel.
In an official statement issued Wednesday, the embassy said, "Deputy Secretary of State for Management and Resources (Michael Regas) will visit Turkey, Iraq, and Israel from November 27 to December 5, with stops in Istanbul, Baghdad, Erbil, and Jerusalem."
The statement added, "Deputy Secretary Regas's visit is a clear indication of the United States' commitment to working to support the stability, security, prosperity, and religious and ideological freedom of the region."
The embassy explained that "in Turkey, Deputy Secretary of State (Regas) will head the U.S. diplomatic delegation visiting Turkey to commemorate the 1700th anniversary of the founding of the First Council of Nicaea.
He will also hold a series of meetings with his Turkish counterparts to work on strengthening bilateral U.S.-Turkish relations, in addition to meeting with Ecumenical Patriarch Bartholomew I of Constantinople."
The embassy added, "In Iraq, Deputy Secretary (Regas) will meet with a number of Iraqi officials, visit U.S. diplomatic facilities, and inaugurate the new Consulate General building in Erbil."
It continued, "Deputy Secretary (Regas)'s visit to Israel underscores the strength and depth of the relationship between the United States and Israel, amidst efforts to develop diplomatic facilities and ensure that foreign assistance aligns with U.S. strategic interests." https://ninanews.com/Website/News/Details?key=1263981
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
MilitiaMan and Crew: IQD News Update-CBI Pressure-Stability Reforms-Exchange Rate
MilitiaMan and Crew: IQD News Update-CBI Pressure-Stability Reforms-Exchange Rate
11-26-2025
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-CBI Pressure-Stability Reforms-Exchange Rate
11-26-2025
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……..
Seeds of Wisdom RV and Economics Updates Wednesday Evening 11-26-25
Good Evening Dinar Recaps,
Washington’s New Crypto Power Play: CFTC Launches CEO Council to Shape Digital Asset Rules
Regulator moves to fill leadership vacuum as U.S. market structure hangs in the balance
Overview
The Commodity Futures Trading Commission (CFTC) has opened nominations for a new CEO Innovation Council designed to guide U.S. policy on crypto assets, prediction markets, and emerging financial technologies.
Acting Chair Caroline Pham said the council will help the agency respond to its expanding role in overseeing digital asset markets.
The move comes during an unprecedented leadership gap at the CFTC, with only one sitting commissioner and a pending confirmation vote for incoming nominee Michael Selig.
Good Evening Dinar Recaps,
Washington’s New Crypto Power Play: CFTC Launches CEO Council to Shape Digital Asset Rules
Regulator moves to fill leadership vacuum as U.S. market structure hangs in the balance
Overview
The Commodity Futures Trading Commission (CFTC) has opened nominations for a new CEO Innovation Council designed to guide U.S. policy on crypto assets, prediction markets, and emerging financial technologies.
Acting Chair Caroline Pham said the council will help the agency respond to its expanding role in overseeing digital asset markets.
The move comes during an unprecedented leadership gap at the CFTC, with only one sitting commissioner and a pending confirmation vote for incoming nominee Michael Selig.
Key Developments
The CFTC will accept CEO nominations until Dec. 8, with the new council expected to advise on digital asset frameworks, market oversight, and the agency’s broadened mandate.
Pham emphasized the need for “expert industry leaders” as the agency prepares to regulate crypto markets, building on earlier initiatives such as the “Crypto Sprint” and digital asset policy forums.
Nominee Michael Selig signaled strong support for more active federal oversight, calling it “vitally important” to establish a clear enforcement presence in spot digital asset commodity markets.
The next chairmanship carries major implications: future CFTC leadership will influence stablecoin treatment, derivatives market innovation, and U.S. competitiveness in financial technology.
Why It Matters
The U.S. regulatory environment is undergoing a rapid recalibration as digital assets, tokenized markets, and prediction platforms move into the financial mainstream.
By building a CEO-led policy council, the CFTC is positioning itself to shape the next phase of crypto oversight—especially as Congress advances market structure legislation and the agency seeks to expand its jurisdiction.
This transitional moment reflects a broader shift toward integrated regulation of traditional and digital markets, with major consequences for innovation, compliance, and institutional adoption.
Implications for the Global Reset
Pillar: Regulatory Modernization
The CEO Innovation Council signals a move toward more structured, institutional oversight of digital assets—bringing the U.S. closer to a formalized regulatory architecture that blends old and new financial systems.
Pillar: Market Legitimization & Institutional Access
Clearer rules from the CFTC could accelerate institutional participation in crypto markets, affecting global liquidity flows and shaping how digital commodities integrate into cross-border finance.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Cointelegraph – “Acting CFTC chair seeks CEOs for ‘innovation council,’ citing crypto”
Reuters – “CFTC nominee signals tougher crypto oversight in Senate testimony”
~~~~~~~~~~
US Absence at G20 Stirs New Tensions: BRICS Official Warns of “Dangerous Precedent”
Washington’s boycott raises questions about multilateral stability ahead of the 2026 summit
Overview
A BRICS Business Council member sharply criticized the United States for boycotting the G20 Summit in Johannesburg.
The remarks framed the US decision as harmful to global institutions and contrary to the norms of multilateral cooperation.
The episode highlights widening fractures between Western-led governance structures and emerging-market coalitions such as BRICS.
Key Developments
The BRICS Council member stated that powerful nations should not “hijack” multilateral institutions for political reasons, calling the US boycott a “bad precedent.”
He noted that BRICS does not boycott its own members and urged G20 nations — including the US — to uphold similar principles of participation and respect.
With the 2026 G20 Summit scheduled to be hosted in the US, he warned that a reciprocal boycott from other nations would be “embarrassing” for Washington.
He cautioned that continued unilateral behavior by the US could generate friction across global institutions at a time when cooperation is already strained.
Why It Matters
The dispute exposes deeper tensions about who shapes global governance in a multipolar world. Emerging blocs like BRICS are seeking stronger voices, arguing that established powers — particularly the US — must respect collective processes or risk undermining the legitimacy of institutions like the G20.
As global finance and diplomatic alliances realign, incidents like this accelerate a long-term shift toward new centers of influence outside the traditional Western system.
Implications for the Global Reset
Pillar: Institutional Realignment
Pressure is building for reforms that reduce reliance on US leadership within multinational institutions, opening the door for new governance models aligned with BRICS priorities.
Pillar: Power Redistribution
If the US continues to sit out key forums, emerging economies may consolidate greater control over global economic coordination — reshaping the frameworks of trade, development finance, and geopolitical cooperation.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Watcher.Guru – “’US Must Behave’ Says BRICS Council Member For Skipping G20 Summit”
Reuters – “G20 envoys agree draft leaders’ declaration without US input”
~~~~~~~~~~
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Iraq Economic News and Points To Ponder Wednesday Evening 11-26-25
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.
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. https://economy-news.net/content.php?id=62737
The Dollar Stabilizes At The 143 Dinar Mark Against The "Paper"
Stock Exchange The exchange rate of the dollar against the dinar recorded a new decline in the markets of Baghdad and Erbil on Wednesday.
Baghdad Selling price: 143,000 dinars for 100 dollars Buying price: 141,000 dinars for 100 dollars.
Erbil Selling price: 141,000 dinars per 100 dollars Buying price: 140,700 dinars per 100 dollars.
https://economy-news.net/content.php?id=62744
Gold Prices Fluctuated In Baghdad Markets But Remained Stable In Erbil
Wednesday, November 26, 2025, 2:35 PM | Economy Number of views: 211 Baghdad/ NINA / Gold prices, both foreign and Iraqi, rose in Baghdad's local markets on Wednesday, while remaining stable in Erbil.
The wholesale price of gold in Baghdad's Al-Nahr Street markets this morning was 835,000 Iraqi dinars per
mithqal (approximately 4.5 grams) of 21-karat gold from the Gulf, Turkey, and Europe, with a buying price of 831,000 dinars. The selling price of 21-karat Iraqi gold was 805,000 dinars per mithqal, with a buying price of 801,000 dinars.
In jewelry shops, the selling price of 21-karat Gulf gold ranged between 835,000 and 845,000 dinars per mithqal, while the selling price of Iraqi gold ranged between 805,000 and 815,000 dinars per mithqal.
Gold prices in Erbil remained stable, with 22-karat gold selling for 880,000 dinars, 21-karat gold for 840,000 dinars, and 18-karat gold for 720,000 dinars. /End https://ninanews.com/Website/News/Details?key=1263896
The Central Bank Clarifies Its Decision To Classify Celebrities As "High-Risk Clients"
Localities The Central Bank of Iraq confirmed on Wednesday that classifying social media celebrities and influencers as being involved in money laundering was done to protect the national economy and does not represent a "restriction".
Alaa Al-Fahd, a member of the bank's media team, said that "the Central Bank of Iraq's circular regarding the official warning to banks and financial institutions against dealing recklessly with social media celebrities and influencers, and classifying them as (high-risk and multiple-risk clients), is extremely important."
Al-Fahd explained that "this category has become a new risk and threat to the financial sector, especially in the areas of money laundering, terrorism financing, and illicit financing, in addition to fictitious contracts and unjustified transfers, which necessitated issuing a set of instructions to protect the banking sector from any potential exploitation."
He added that "this measure is a necessary step to protect the financial system from chaos and exploitation, after some influencers turned into a means of passing suspicious contracts, documents and transfers that are exploited in illegal activities."
A member of the Iraqi bank's media team confirmed that "these instructions do not represent a restriction, but rather a shield to protect the national economy, enhance confidence in the banking sector, and close the doors to any attempt to penetrate one of the most sensitive sectors in the country."
The Central Bank of Iraq issued a warning to banks and financial institutions, directing them to classify social media celebrities and influencers as "high-risk and multi-risk clients". https://economy-news.net/content.php?id=62758
Oil Prices Stabilize After Ukraine Peace Talks
Energy Economy News – Baghdad Oil prices stabilized on Wednesday after falling to their lowest level in a month in the previous session, amid growing signs that Ukraine is nearing a peace agreement with Russia, which could pave the way for an end to sanctions on Russian supplies.
Brent crude rose 19 cents, or 0.3%, to $62.67 a barrel, while U.S. West Texas Intermediate crude gained 14 cents, or 0.24%, to $58.09 a barrel.
The previous decline in prices came after Ukrainian President Volodymyr Zelensky told European leaders that he was prepared to move forward within a US-backed framework to end the war, indicating that few points of contention remained.
In the context of political moves, US President Donald Trump said he had instructed his representatives to hold separate meetings with Russian President Vladimir Putin and Ukrainian officials, while sources indicated the possibility of Zelensky visiting the United States in the coming days to finalize the agreement.
These developments come as Britain, Europe and the United States have recently tightened sanctions on Russia as part of an escalating pressure campaign, while India's purchases of Russian oil are expected to fall in December to their lowest level in three years.
Oil prices also received limited support after expectations rose for a possible cut in US interest rates in December, following data indicating a decline in retail spending and a slowdown in inflation, which could boost economic growth and oil demand. https://economy-news.net/content.php?id=62732
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
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.
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”
~~~~~~~~~~
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.
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”
~~~~~~~~~~
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.
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
************
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
**************
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
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Mot: I'm Old Fashioned I Is!!!!