Iraq Economic News and Points To Ponder Monday Evening 2-9-26

Iraq–Saudi Trade Jumps 35% In 2024, Deficit Widens

2026-02-09   Shafaq News- Baghdad/ Riyadh   Trade between Iraq and Saudi Arabia rose by about 35% in 2024 to nearly $1.8 billion, driven mostly by Iraqi imports, Iraq’s Trade Ministry said on Monday.

In a statement, the ministry said that the Iraqi imports from Saudi Arabia climbed to roughly $1.73 billion in 2024, up from about $1.30 billion a year earlier, marking a growth rate of 33.4%. Construction materials, electrical and electronic goods topped the import list at more than $838 million, fueled by reconstruction and urban expansion, followed by food products at $416 million.

Imports of machinery, equipment, and industrial devices recorded the fastest annual growth, exceeding 136%, pointing to expanding investment projects and rising demand for capital goods. Pharmaceutical imports also rose by 32%, reflecting increased pressure on Iraq’s health sector.

Iraqi exports to Saudi Arabia increased by nearly 145% in 2024 to about $49.5 million, accounting for only a small fraction of total bilateral trade, which is conducted mainly through the Arar land border crossing in Al-Anbar. Iraq’s trade deficit with Saudi Arabia widened to approximately $1.69 billion.   https://www.shafaq.com/en/Economy/Iraq-Saudi-trade-jumps-35-in-2024-deficit-widens

Dollar Gains In Baghdad And Erbil Markets

2026-02-09   Shafaq News- Baghdad/ Erbil  The US dollar closed Monday’s trading higher in Iraq, hovering around 150,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 150,000 dinars per 100 dollars, up from the morning session’s 149,800 dinars.

In the Iraqi capital, exchange shops sold the dollar at 150,500 dinars and bought it at 149,500 dinars, while in Erbil, selling prices stood at 149,850 dinars and buying prices at 149,750 dinars.   https://www.shafaq.com/en/Economy/Dollar-gains-in-Baghdad-and-Erbil-markets-7

USD/IQD Exchange Rates Dip In Baghdad, Hold Ground In Erbil

2026-02-09   Shafaq News- Baghdad/ Erbil   The US dollar opened Monday’s trading on a mixed note, slipping by 150 Iraqi dinars in Baghdad while remaining steady in Erbil compared with the previous session.

According to a Shafaq News market survey, the dollar traded in Baghdad at 149,800 Iraqi dinars per 100 dollars, after closing at 149,950 dinars in the previous session at the Al-Kifah and Al-Harithiya exchanges.

Local exchange shops in the capital sold the dollar at 150,250 dinars per 100 dollars, while buying prices stood at 149,250 dinars.  In Erbil, the selling price reached 149,750 dinars for every 100 dollars, and the buying price was 149,650.   https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-dip-in-Baghdad-hold-ground-in-Erbil-7

Gold Prices Rise In Baghdad And Erbil Markets

2026-02-09 Shafaq News- Baghdad/ Erbil   On Monday, gold prices hovered around 1.08 million IQD per mithqal in Baghdad and Erbil markets, continuing their upward trend, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,059,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,055,000 IQD. The same gold had sold for 1,044,000 IQD on Sunday.

The selling price for 21-carat Iraqi gold stood at 1,029,000 IQD, with a buying price of 1,025,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,060,000 and 1,070,000 IQD, while Iraqi gold sold for between 1,030,000 and 1,040,000 IQD.

In Erbil, 22-carat gold was sold at 1,160,000 IQD per mithqal, 21-carat gold at 1,105,000 IQD, and 18-carat gold at 949,000 IQD.   https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-and-Erbil-markets-8-6

Gold Reclaims $5K Milestone Following Dollar Slide

2026-02-09 Shafaq News   Gold and silver extended gains on Monday, with the former trading just above the $5,000-per-ounce level as the dollar dipped, while investors awaited key jobs and inflation data due later in the week to gauge U.S. interest rate trajectory.

Spot gold rose 1.1% to $5,012.76 per ounce after a 4% climb on Friday. U.S. gold futures for April delivery gained 1.1% to $5,033.80 per ounce.

"This could be the very short-term intraday correlation between the dollar and silver as well as gold (driving the metals up)," said Kelvin Wong, a senior market analyst at OANDA.

The U.S. dollar was at its lowest level since February 4, making greenback-priced metals cheaper for overseas buyers. The yen strengthened after Japanese Prime Minister Sanae Takaichi swept to victory in Sunday's election.

"Bargain-hunting is (also) pushing gold back above the $5,000 level," said KCM chief analyst Tim Waterer.

Investors await monthly reports on employment and consumer prices this week and expect at least two 25-basis-point rate cuts in 2026, with the first one expected in June. Non-yielding bullion tends to do well in low-interest-rate environments.

"Any softness in the jobs data could help gold's rebound efforts. We are not expecting a rate cut from the Fed until mid-year, unless the jobs data really starts to drop off a cliff," Waterer added.

San Francisco Federal Reserve President Mary Daly said on Friday she thinks one or two more interest rate cuts may be needed to counteract weakness in the labour market.

Spot silver climbed 4.6% to $81.54 per ounce after a near 10% gain in the previous session. It hit an all-time high of $121.64 on January 29.

"Unless silver's able to clear above that key resistance at $92.24, I'm not so convinced in terms of a probability perspective of a medium uptrend," Wong said.  Spot platinum edged 0.3% lower to $2,090.13 per ounce, while palladium gained 1% to $1,723.41. (Reuters)   https://www.shafaq.com/en/Economy/Gold-reclaims-5K-milestone-following-Dollar-slide

Oil Prices Retreat Despite Lingering Tehran Threats

2026-02-09   Shafaq News   Oil prices fell 1% on Monday as immediate fears of a conflict in the Middle East eased after the U.S. and Iran pledged to continue talks about Tehran's nuclear programme over the weekend, calming investors anxious about supply disruptions.

Brent crude futures fell 67 cents, or 1%, to $67.38 a barrel on Monday, while U.S. West Texas Intermediate crude was at $62.94 a barrel, down 61 cents, or 1%.

"With more talks on the horizon the immediate fear of supply disruptions in the Middle East has eased quite a bit," IG market analyst Tony Sycamore said.

Iran and the U.S. pledged to continue the indirect nuclear talks following what both sides described as positive discussions on Friday in Oman despite differences. That allayed fears that failure to reach a deal might nudge the Middle East closer to war, as the U.S. has positioned more military forces in the area.

Investors are also worried about possible disruptions to supply from Iran and other regional producers as exports equal to about a fifth of the world's total oil consumption pass through the Strait of Hormuz between Oman and Iran.

Both benchmarks fell more than 2% last week on the easing tensions, their first decline in seven weeks.

However, Iran's foreign minister said on Saturday Tehran will strike U.S. bases in the Middle East if it is attacked by U.S. forces, showing the threat of conflict is still alive.

"Volatility remains elevated as conflicting rhetoric persists. Any negative headlines could quickly reignite risk premiums in oil prices this week," said Priyanka Sachdeva, senior market analyst at Phillip Nova.

Investors are also continuing to grapple with efforts to curb Russian income from its oil exports for its war in Ukraine. The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports.

Refiners in India, once the biggest buyer of Russia's seaborne crude, are avoiding purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, which could help New Delhi seal a trade pact with Washington.

"Oil markets will remain sensitive to how broadly this pivot away from Russian crude unfolds, whether India’s reduced purchases persist beyond April, and how quickly alternative flows can be brought online," Sachdeva said.

(Reuters)   https://www.shafaq.com/en/Economy/Oil-prices-retreat-despite-lingering-Tehran-threats

ISX Posts +$10M Dinars Turnover In January

2026-02-08   Shafaq News- Baghdad   The Iraq Stock Exchange (ISX) recorded trading of more than 13.23 billion shares during January, with a total value of 15.99 billion Iraqi dinars (about $10.66M).

According to data released by the exchange, trading took place across 18 sessions, with shares of 78 companies traded out of 104 listed firms, executed through 13,704 buy and sell contracts.

The ISX60 index closed the month at 953.94 points, marking a 2.99% decline compared with the previous period.

In December 2025, the ISX recorded trading of 63.67 billion shares worth 78.7 billion Iraqi dinars (about $52.49M), executed through 18,173 buy and sell contracts, with the ISX60 index closing the month at 983.31 points, up 2.92%.

The Iraq Stock Exchange holds five trading sessions per week, from Sunday to Thursday, and includes 104 Iraqi joint-stock companies operating across banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, and hospitality sectors.   https://www.shafaq.com/en/Economy/ISX-posts-10M-dinars-turnover-in-January

Seeds of Wisdom RV and Economics Updates Monday Afternoon 2-9-26

Good Afternoon Dinar Recaps,

Global Markets Jolt as UK Political Turmoil Meets Japan’s Election Rally

Bond yields, currencies, and equity patterns shift in response to political and policy expectations

Overview
On February 9, 2026, financial markets reacted sharply to major political developments in the United Kingdom and Japan, with implications for borrowing costs, equity performance, and global risk sentiment. UK government bond yields initially rose on political uncertainty before stabilizing, while Japan’s stock market surged to record levels following a decisive election victory.

Key Developments

• In the UK, government bond yields climbed after key political aides resigned, creating investor concern over Prime Minister Sir Keir Starmer’s leadership and fiscal direction. Yields later moderated after cabinet support was reaffirmed.

• The pound weakened against major currencies amid uncertainty before stabilizing as confidence in government support improved.

• In Japan, the Nikkei stock index hit record highs, boosted by the ruling party’s landslide election victory and expectations of substantial fiscal stimulus, while the yen showed periods of strength and volatility.

• Investors are closely watching Japanese bond markets as yields rise and fiscal policy expectations shift under new leadership.

Why It Matters
Political leadership transitions and fiscal expectations can heavily influence borrowing costs and investor confidence. Rising UK yields reflect concerns over fiscal management and political risk, while Japan’s markets suggest growing optimism about economic stimulus — prompting shifts in capital flows and risk pricing.

Why It Matters to Markets and Sovereign Debt

• UK gilt yields are a key benchmark for global borrowing costs; volatility can ripple across sovereign bonds and risk assets.

• Japan’s record equity performance highlights how political clarity and fiscal ambitions can drive risk-on sentiment, even amid longstanding debt concerns.

Implications for the Global Reset
Pillar 1 – Policy and Market Coupling: Political decisions now more directly sway market structures, especially sovereign borrowing costs and currency behavior.
Pillar 2 – Risk Redistribution: Divergent market reactions in the UK and Japan illustrate how different policy paths can reorganize investor expectations and capital allocation in a multipolar economic landscape.

Political signals are increasingly market signals — and markets are listening closely.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• The Guardian — “UK borrowing costs rise, then dip, as pressure grows on Starmer; Japan’s Nikkei hits record high after Takaichi’s election win”

• Reuters via Investing.com — “Japan stocks surge to record, bonds slide with yen on Takaichi’s landslide election win”

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Russia Sees No Future for U.S. Economic Ties as Global Alignments Shift

Lavrov’s remarks underscore deepening geopolitical divergence and rising reliance on alternative economic blocs

Overview

Russian Foreign Minister Sergei Lavrov said on February 9, 2026, that Moscow does not expect a “bright future” for economic relations with the United States, despite Washington’s stated efforts to end the Ukraine conflict. The comments — made in an interview with TV BRICS — reflect Moscow’s growing focus on alliances like BRICS and skepticism about U.S. economic intentions. Lavrov cited what he described as a U.S. pursuit of “economic dominance” and said Russia is seeking more secure economic cooperation channels with non-Western partners.

Key Developments

• Lavrov said Russia remains open to cooperation with the U.S., but does not forecast a robust economic partnership due to geopolitical tensions and sanctions pressures.

• He criticized U.S. policy toward the BRICS bloc, alleging Washington creates obstacles to deeper integration among emerging economies.

• Remarks come amid ongoing war in Ukraine, where sanctions and economic disengagement from Russia have become entrenched.

• Russia is increasingly pivoting to partnerships within BRICS and other non-Western frameworks as part of broader economic strategy shifts.

Why It Matters

Russia’s official skepticism about reviving economic ties with the U.S. signals a more permanent realignment in global economic relations. As Western sanctions remain in place and Russia deepens ties with BRICS partners, this development could accelerate the fragmentation of global trade systems and reinforce alternative economic blocs.

Why It Matters to Foreign Currency Holders

Persistent decoupling from the U.S. economic sphere can weaken confidence in U.S.-centric financial architectures and boost demand for alternative reserve assets and block-based settlements.
Reserve diversification weakens single-currency dominance, encouraging a multipolar monetary environment where non-dollar reserves gain relative importance.

Implications for the Global Reset

Pillar 1 – Strategic Economic Realignment:
Diminished prospects for U.S.–Russia economic cooperation reinforce global bifurcation into competing financial spheres.

Pillar 2 – Multipolar Integration:
Russia’s pivot toward BRICS frameworks exemplifies broader shifts toward bloc-based economic systems and away from hegemony centered on the U.S. dollar and Western financial institutions.

Geopolitical divergence is now reshaping economic alliances.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — “Russia’s Lavrov sees no ‘bright future’ for economic ties with U.S.”

• Economic Times — “No ‘bright future’ for Russia–US economic relations, says Lavrov”

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Saudi Wealth Fund to Unveil Revised Strategy, Signalling a Strategic Reset

PIF shifts focus from mega projects toward industry, minerals, AI and sustainable growth

Overview
Saudi Arabia’s $925 billion Public Investment Fund (PIF) is set to unveil its 2026–2030 strategy this week, marking the most significant recalibration of Crown Prince Mohammed bin Salman’s economic transformation plan yet. The strategy, previewed to investors and partners in Riyadh, will pivot the fund’s focus toward core growth sectors — including industry, minerals, artificial intelligence, clean energy and tourism — while scaling back or reconfiguring expensive mega projects that have dominated the Vision 2030 agenda.

Key Developments

• The PIF has been soft-launching its new strategy at a Riyadh conference, with plans to prioritize sectors with stronger near-term returns and growth potential.

• Sectors expected to see increased emphasis include industry, mining, AI development, renewable energy and tourism, with a reduced role for costly real-estate and futuristic gigaprojects such as The Line.

• The shift is partly driven by fiscal pressures from lower oil prices and an increasing need to attract foreign capital, particularly from global asset managers.

• High-profile megaprojects such as The Line and other Vision 2030 developments have been delayed or re-scoped, aligning with the PIF’s new emphasis on achievable, financially sustainable initiatives.

Why It Matters

This strategic update represents a major shift in direction for Saudi Arabia’s sovereign wealth priorities. Moving away from large-scale, capital-intensive developments toward sectors with clearer economic viability could enhance long-term sustainability, attract diversified investment, and reduce fiscal strain. The pivot reflects broader global trends in sovereign fund management — focusing on durable, diversified returns over symbolic megaprojects.

Why It Matters to Markets, Assets & Investment Flows

Investors and global asset managers will closely watch this strategy, as it redefines Saudi Arabia’s role in key growth sectors and signals stronger integration into global capital markets. Prioritizing industry, technology and minerals over megaprojects may boost confidence in PIF’s future returns and liquidity, influencing asset allocation, sovereign partnerships, and cross-border investment trends.

Implications for the Global Reset

Pillar 1 – Strategic Asset Realignment:
The recalibration away from mega projects towards scalable, revenue-oriented sectors underscores a structural transition in how sovereign wealth funds contribute to economic transformation and global capital flows.

Pillar 2 – Fiscal Discipline and Sustainability:
Reorienting priorities in response to oil price volatility and cost overruns exemplifies strategic risk management essential in an era of multipolar economic pressures and diversified global reserve interests.

Strategic repositioning of one of the world’s largest sovereign funds could reverberate across investment markets and policy frameworks worldwide.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

Reuters — “Saudi Arabia’s Public Investment Fund to unveil new 2026–2030 strategy this week”

Brecorder — “Saudi PIF to unveil new 2026–2030 strategy this week, sources say”

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China Signals Strategic Shift Away From U.S. Treasuries as BRICS Recalibrates Reserves

Beijing urges state banks to reduce U.S. debt exposure, highlighting rising risks in the dollar-based system

Overview
China has instructed its state-run banks to curb exposure to U.S. Treasuries, citing concentration risk and market volatility — a move that underscores a broader reassessment of dollar-denominated assets within the BRICS bloc. The guidance, first reported by Bloomberg, comes as debates intensify globally over the sustainability of U.S. fiscal policy and the long-term role of Treasuries as a “risk-free” reserve asset.

Key Developments

• Chinese regulators urged state banks to limit purchases of U.S. Treasuries and gradually pare existing holdings, warning of potential sharp price swings.

• The move contrasts with India’s recent pivot toward deeper trade engagement with the United States, highlighting diverging BRICS strategies under shifting global conditions.

• China holds roughly $298 billion in U.S. dollar-denominated assets, according to SAFE, though the precise portion held in Treasuries has not been publicly disclosed.

• Fund managers globally are also reassessing Treasury exposure, driven less by geopolitics and more by risk diversification and volatility concerns.

• Growing anxiety over U.S. debt approaching $40 trillion and a weaker dollar has accelerated scrutiny of U.S. sovereign debt as a core reserve asset.

Why It Matters

China’s guidance represents more than routine portfolio management — it signals a structural shift in reserve strategy by one of the world’s largest holders of foreign assets. If sustained, reduced Chinese demand for Treasuries could affect U.S. borrowing costs and weaken the traditional assumption of automatic global appetite for U.S. debt.

Why It Matters to Foreign Currency Holders

Moves away from U.S. Treasuries by major reserve holders reinforce a global trend toward reserve diversification.
As exposure spreads across gold, alternative sovereign bonds, and non-dollar assets, single-currency dominance erodes, increasing volatility — but also opportunity — across foreign exchange markets.

Implications for the Global Reset

Pillar 1 – Reserve System Rebalancing
China’s actions suggest central banks are no longer treating U.S. Treasuries as untouchable core assets, accelerating a gradual shift toward a multi-asset reserve framework.

Pillar 2 – BRICS Divergence, Not Uniformity
While often viewed as a unified bloc, BRICS members are pursuing different speeds and methods of de-dollarization — revealing a fragmented but directional move toward financial autonomy.

This is not an abrupt exit from the dollar system — it is a controlled, risk-managed retreat, and those tend to reshape global finance far more than dramatic headlines.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Bloomberg — “China Urges Banks to Limit Exposure to U.S. Treasuries”

• Watcher.Guru — “China Demands Banks To Curb US Treasuries Exposure in New BRICS Shift”

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Iraq Economic News and Points To Ponder Monday Afternoon 2-9-26

The Presidency Of The Government And The Presidency Of The Republic: To Proceed With A Balanced Policy And Resolve Constitutional Issues

Money and Business   Economy News – Baghdad   Prime Minister Mohammed Shia Al-Sudani received President Abdul Latif Jamal Rashid on Monday.

The meeting witnessed discussions on developments in the general situation in the country and the region, where the need to strengthen national unity and support the government’s measures and steps in enhancing Iraq’s pivotal role in the region was emphasized. 

The meeting also emphasized the government’s commitment to adopting a balanced foreign policy and its support for dialogue in resolving crises and establishing regional security and stability.

The meeting stressed the importance of resolving constitutional requirements towards forming a government capable of completing the development and economic revival process, and meeting the aspirations of the Iraqi people in the next stage.   https://economy-news.net/content.php?id=65514

Customs: Customs Regulations Have Become More Realistic And There Is Significant Trade Exchange.

Money and Business   Economy News – Baghdad   The General Authority of Customs announced on Monday that there are reassuring rates in customs revenues after the implementation of the latest procedures, noting that these procedures are in place in most countries of the world.

The Director General of the Authority, Thamer Qasim, said that "customs demarcation has become more realistic, and there is a large trade exchange," noting that "there are reassuring rates in customs revenues."

He added that "the fee was previously paid as a lump sum per container, while today the fee is based on the size of the container, and this is the practice in most countries," noting that "the lump sum container fees represent a waste of public money and cannot be returned to this practice."

Regarding the implementation of the ASYCUDA system, Qassem confirmed that "some traders were increasing the amounts for imported goods before the implementation of the ASYCUDA system," noting that "a trader who feels wronged can submit a grievance to reconsider the assessment of the customs tariff for his goods."https://economy-news.net/content.php?id=65513

Sudanese: Directing Reform Measures Towards Strengthening The National Economy

Money and Business    Economy News – Baghdad   Prime Minister Mohammed Shia al-Sudani stressed on Monday the importance of reform measures being directed towards strengthening the national economy, stressing the need to study the financial and economic impact of every decision taken within this framework.

This came during his chairmanship of the meeting of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Foreign Affairs, the Minister of Finance, the Ministers of Reconstruction and Housing, Industry, Labor and Social Affairs, and Water Resources (Acting Minister of Agriculture), in addition to the Secretary-General of the Council of Ministers, the Governor of the Central Bank, and a number of relevant advisors.

The meeting addressed the topics on the agenda, followed up on government efforts to maximize revenues and reduce expenditures, and reviewed previous decisions. The Council approved the organizational structure of the Revenue Collection Directorate within the Ministry of Finance, which had been previously approved in the last meeting, emphasizing the need to select qualified personnel to work within it and achieve its intended objectives.

The council also approved exempting security and emergency services from the decision to reduce fuel subsidies that was previously taken, in consideration of the nature of the work of those agencies.

Al-Sudani stressed that the approach of basic economic reforms, which contribute to supporting the national economy in the foreseeable future, enjoys the support of national political forces, emphasizing the need to move forward with implementing reforms in a way that enhances financial stability and serves development. https://economy-news.net/content.php?id=65512

The Mechanism For Selecting Parliamentary Committees: An Official Explanation

Money and Business   Economy News – Baghdad   MP Mona Hussein explained on Monday the mechanism for distributing MPs among parliamentary committees.

Hussein said, "The distribution of representatives to parliamentary committees is based on the representative's desire to work in the committee he wishes to work in."

She added, "Specialization is important in the process of selecting members of parliamentary committees, and they should have extensive experience in them."   https://economy-news.net/content.php?id=65511

China Injects Cash To Cover A $456 Billion Deficit

Banks   Economy News — Follow-up   The People’s Bank of China – the Chinese central bank – moved aggressively to ensure that banks had sufficient liquidity and could meet the increased demand for cash during the Lunar New Year holiday.

The central bank injected a total of 600 billion yuan ($86.4 billion) through 14-day repurchase agreements late last week, ending a two-month hiatus in such operations, according to Bloomberg. Industrial Securities expects the People's Bank of China to add up to 3.5 trillion yuan in funds through similar instruments before the holiday begins on Sunday.

These injections are intended to address a liquidity gap estimated at around 3.2 trillion yuan ($456 billion), according to Bloomberg calculations. Holiday-related spending, a surge in government bond issuance, and increased corporate demand for yuan are all expected to drain liquidity from the banking system.

For the People’s Bank of China (PBOC), maintaining sufficient liquidity is crucial to avoiding a seasonal liquidity crunch and sustaining economic momentum in the face of mounting challenges. Prior to this latest move, the PBOC doubled its bond purchases in January, injecting a record 1 trillion yuan in medium- and long-term funds into the banking system.

CITIC Securities' chief economist, Ming Ming, said: "The central bank has ample room to replenish liquidity."

He added: "The People's Bank of China is expected to be able to bridge the funding gap by combining the injection of liquidity through traditional liquidity instruments with maintaining a steady level of bond purchases," stressing that "liquidity conditions in the bond market will remain stable."

Part of the liquidity pressure that the People's Bank of China must address stems from household behavior. Analysts at Huaxi Securities predict a liquidity drain of 900 billion yuan due to holiday travel and the tradition of giving cash gifts in red envelopes during the Lunar New Year celebrations.

Additionally, 405.5 billion yuan in reverse repurchase bonds issued by the People's Bank of China are due to mature this week, according to Bloomberg calculations, further straining banks' liquidity. The maturity of another 500 billion yuan in direct reverse repurchase bonds will also drain liquidity.

China is accelerating sales of government bonds ahead of the holiday season, according to Guilian Minsheng Securities, which could exacerbate the liquidity shortage.

Data indicates that local authorities plan to sell approximately 950 billion yuan worth of bonds during the first two weeks of this month, representing an increase of roughly 18% compared to the total bonds issued in January. This is in addition to the central government's issuance of 412 billion yuan worth of bonds.

Exporters converting their dollar earnings into yuan will exacerbate liquidity shortages, according to Sinolink Securities. This demand follows a 2.6% appreciation of the yuan since the end of October, driven by capital inflows, a weaker dollar, and the People's Bank of China's acceptance of the yuan's appreciation.

In addition to the recent liquidity injections, the People’s Bank of China also allowed banks to cut their one-year monetary policy loan interest rate to a record low of 1.5% last month, according to Bloomberg sources.

Economists expect China to cut banks' reserve requirement ratio by 50 basis points this year and lower interest rates. Inflation data this week will help gauge expectations regarding the extent of policy support the People's Bank of China will provide to the economy.

Despite short-term funding costs rising from their lowest level since 2023, analysts expect these rates to remain low. This reflects the People's Bank of China's commitment to supporting the market during peak seasonal periods.

“The last thing markets should be worried about this year is the People’s Bank of China’s tendency to maintain ample liquidity,” Huazhuang Securities analysts wrote in a note. “Despite fluctuations in repurchase rates due to seasonal factors, the money supply still looks very weak.”   https://economy-news.net/content.php?id=65492

“Tidbits From TNT” Monday 2-9-2026

TNT:

Tishwash:  Parliamentary move to summon Al-Sudani and the Minister of Finance

Member of Parliament, Mohammed al-Khafaji, revealed on Sunday a parliamentary move to summon Prime Minister Mohammed Shia al-Sudani and Finance Minister Taif Sami to Parliament to discuss the current financial crisis. 

Al-Khafaji told Al-Maalouma, “There is an urgent need to summon those concerned to understand the repercussions of the financial crisis the country is experiencing and to develop effective solutions.” 

He added, "The summons also aims to discuss the constitutional violations committed by the Cabinet, represented by making strategic decisions and signing contracts that exceed the powers of a caretaker government."

He pointed out that "the Constitution defines the government's duties at this stage, and any action outside this framework is a legal violation that necessitates accountability and parliamentary oversight."  link

Tishwash:   The Central Bank Governor visits the Iraqi House and renews his support for humanitarian initiatives.

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, visited the Iraqi House, managed by Mr. Hisham Al-Dhahabi, a leading humanitarian institution dedicated to the care of orphans and the elderly, and providing social and developmental support to the most vulnerable groups in society.

During his visit, His Excellency was briefed on the services provided by the Iraqi House to children without guardians. The House takes them in from an early age, nurturing and caring for them, and providing them with academic and vocational training. It also secures employment opportunities for them in both the public and private sectors, contributing to their integration into society and their economic empowerment.

He noted that a number of the children from the House have successfully completed their university studies at prestigious colleges, including medicine, dentistry, pharmacy, and engineering, a true testament to the success of the sustainable care model adopted by the Iraqi House for Innovation.

His Excellency commended the positive results achieved by this initiative and pledged sufficient support to meet the institution's essential needs, as well as those of the elderly care home currently under construction.

The visit included a tour of the facility, during which the governor met with the elderly residents and toured its various amenities, including children's play areas, restaurants, and small businesses run by the sons of Professor Hisham Al-Dhahabi. These businesses serve as practical models of self-reliance and skills development.

During the visit, Mr. Al-Alaq affirmed his full financial and moral support for this humanitarian institution, praising the efforts made in caring for vulnerable groups and emphasizing the importance of partnerships between official institutions and community initiatives in promoting social solidarity and achieving sustainable development.

Central Bank of Iraq, 
Media Office, 
February 7, 2026  link

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

Tishwash: Baghdad merchants' strike paralyzes trade in protest against increased customs tariffs

On Sunday morning, Iraqis woke up to an unusual sight in the streets of the capital, Baghdad, as markets and shops appeared completely closed, in a general strike carried out by merchants in protest against a government decision to raise customs tariffs.

Major commercial areas such as Al-Shourja, Al-Rashid Street, Al-Karrada, Al-Rabeei, Al-Sina’a, and Jamila witnessed an almost complete closure of shops, while a number of merchants went out in demonstrations in the middle of Al-Shourja, demanding a reversal of the decision, which they described as “suffocating,” due to the sharp rise in commodity prices and the decline in citizens’ purchasing power that it caused.

Traders confirmed that the decision led to a major recession in the markets and increasing financial losses, which prompted them to escalate the strike, indicating their intention to continue the closure until the government responds to their demands to open a serious dialogue and review the customs tariff in a manner that is appropriate to the difficult economic conditions.

This strike comes days after warnings issued by traders about the consequences of implementing the decision, which prompted citizens yesterday, Saturday, to rush to the markets to buy food and consumer goods, fearing price increases or shortages in supply.

While some economic voices blame this decision for the accumulation of goods at ports and the disruption of trade, official sources maintain that the customs increase has generated significant revenue, a move aimed at bolstering the public treasury. However, as the crisis worsens, calls have grown louder to expand the strike to other governorates if immediate action is not taken.  link

Mot: Wasn't That Funny - Watching those Tourists Run Like That!!! 

Mot: it's A - Pre - Marital Thingy !!!!

Seeds of Wisdom RV and Economics Updates Monday Morning 2-9-26

Good Morning Dinar Recaps,

Bank of England Holds Rates as Markets Reprice the Future

A narrow hold signals potential monetary policy pivot as inflation eases and growth slows

Overview

The Bank of England (BoE) voted narrowly to keep interest rates unchanged at 3.75%, surprising some markets and underscoring shifting global monetary dynamics. The 5-4 decision reflects ongoing debate among policymakers about the balance between inflation control and economic growth, and has already influenced bond yields, currency valuations, and investor expectations across Europe and beyond.

Key Developments

• The BoE’s Monetary Policy Committee held the policy rate steady, with a narrow majority favoring caution amid signs of slowing inflation and mixed growth data.

• Financial markets immediately repriced expectations of future rate cuts, driving down gilt yields and weakening sterling against major peers.

• Governor Andrew Bailey and other policymakers acknowledged downside risks to the UK economy, with inflation returning toward target and consumption softening.

• Investors interpreted the decision as a cue for possible rate reductions later in 2026, influencing global asset allocations.

Why It Matters

Central bank policy in major economies remains a cornerstone of global financial conditions. When the Bank of England — a key institution in the reserve currency and international financial system — signals potential easing, it affects global bond markets, cross-border capital flows, and risk appetite. Markets sometimes react more to expectations than actual rate changes, meaning policy signaling can be as impactful as action.

Why It Matters to Foreign Currency Holders

Interest rate outlooks shape currency values. Expectations of rate cuts can weaken a currency’s relative yield attractiveness, influencing demand and reserve allocations.
Reserve diversification weakens single-currency dominance, as investors and central banks hedge exposures by reallocating assets, including into alternative sovereign bonds, commodities, and non-traditional reserves.

Implications for the Global Reset

Pillar 1 – Monetary Transition:
The BoE’s pause highlights how central banks increasingly navigate between inflation control and growth stimulus in a low-growth, high-debt world — a central theme of the evolving global monetary landscape.

Pillar 2 – Capital Reallocation:
Revised rate expectations accelerate shifts in global capital flows, influencing not only bond markets but also strategic reserve diversification practices that underpin longer-term rebalancing trends.

When major central banks hesitate, markets adjust — and those adjustments often become the policy of tomorrow.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — “Bank of England leaves rates unchanged after tight vote, sterling falls”

• Investing.com — “Bank of England governor speaks after close vote to hold rates”

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U.S. and EU Stockpile Critical Minerals for Strategic Security

Washington and Brussels move from market reliance to coordinated resource stockpiles in a new geoeconomic era

Overview

At the first U.S. Critical Minerals Ministerial, the United States and European Union outlined new efforts to stockpile essential minerals and coordinate allied supply chains for materials critical to clean energy, advanced manufacturing, and defense systems. The initiative underscores a deeper geoeconomic shift: nations are now treating strategic resources as foundational elements of national security — not mere market commodities. This shift affects global supply chains and alters the strategic landscape for technology, energy transition, and military preparedness.

Key Developments

• Officials from the U.S. and EU convened to discuss shared stockpiling, joint procurement, and supply diversification for critical minerals.

• The effort targets rare earth elements, lithium, nickel, cobalt, and other essential inputs that currently have concentrated production and processing footprints, particularly in China.

• Discussions included potential preferential trade frameworks among allied nations to ensure resource availability and resilience against supply disruptions.

• Ministers flagged the importance of strategic stockpiles in ensuring that allied industries — from semiconductors to clean energy infrastructure — can scale without over-dependence on single-source channels.

Why It Matters

Critical minerals are indispensable for the technologies powering the 21st-century economy. Their availability — and the resilience of the supply chains that deliver them — now sits at the intersection of industrial policy, national security, and global economic competition. By stockpiling and coordinating access with allies, the U.S. and EU are signalling a transition from laissez-faire global commodity markets toward managed, strategic resource alliances.

Why It Matters to Foreign Currency Holders

Access to and control of critical mineral resources can influence currency stability, capital flows, and trade balances. As nations move to secure key inputs through alliances and stockpiles, they may also expand reserve diversification and alternative settlement arrangements to reduce exposure to single-currency risk.
Reserve diversification weakens single-currency dominance, encouraging a more multipolar reserve asset landscape.

Implications for the Global Reset

Pillar 1 – Strategic Resource Sovereignty:
Resource stockpiling and allied coordination represent a shift toward managed economic networks where strategic assets are prioritized over market cost-efficiency alone.

Pillar 2 – Geoeconomic Bloc Building:
By linking mineral security to alliance structures, the U.S. and EU are laying the groundwork for bloc-based economic systems that extend beyond traditional trade models — a hallmark of the evolving global reset.

Control of resources is emerging as a defining axis of geopolitical and economic power in the 21st century.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — “Sustainable switch: US and EU stockpile critical minerals”

• Reuters — “Italy, France and Germany to lead EU critical materials stockpiling plan — sources”

~~~~~~~~~~

BRICS Progress Surges As Membership And Influence Explode
The bloc expands rapidly, pushes de-dollarization, and strengthens gold-backed financial strategies.

Overview
BRICS continues to accelerate its influence in 2026, representing roughly 35–40% of global GDP and nearly half of the world’s population. Membership expansion, financial innovation, and strategic moves away from the US dollar have positioned the bloc as a growing counterweight to Western economic dominance.

Key Developments

• Membership Expansion & Partner Countries – The “partner country” category introduced at the 2024 Kazan Summit now includes nations like Belarus, Malaysia, Nigeria, Thailand, and Vietnam, allowing engagement without full membership. Over 20 additional countries have expressed interest in joining.

• Financial Architecture & De-Dollarization – The BRICS Pay system, piloted in 2024, allows trade settlements in local currencies and bypasses SWIFT. Russia reports 90% of intra-bloc trade in national currencies. India maintains a cautious stance on fully replacing the dollar.

• The BRICS Unit – Launched in October 2025, this digital currency pilot is backed 40% by gold and 60% by member currencies, aiming to reduce dollar reliance in trade settlements.

• Institutional Development – The New Development Bank approved $39 billion for over 120 infrastructure and sustainable development projects. Ongoing initiatives cover AI regulation, global health, and climate finance.

• Gold Reserves – Combined BRICS gold holdings exceed 6,000 tonnes, with China at 2,298 tonnes and Russia at 2,336 tonnes, serving as a strategic hedge against currency volatility and sanctions risk.

Why It Matters
BRICS progress highlights a shift toward multipolar financial systems and greater resilience against Western-led monetary influence. Expansion, alternative payment systems, and gold-backed initiatives are tangible steps in reducing dollar dependency.

Why It Matters to Foreign Currency Holders
Reserve diversification and de-dollarization could accelerate, impacting holdings in US-dollar-denominated assets and creating opportunities in gold and local currencies within emerging markets.

Implications for the Global Reset

• Pillar 1 – Multipolar Finance: BRICS Pay, the BRICS Unit, and national currency settlements expand alternatives to Western financial networks.

• Pillar 2 – Strategic Sovereignty: Membership expansion, gold accumulation, and infrastructure projects strengthen autonomy and resilience, challenging traditional Western economic dominance.

BRICS progress shows no signs of slowing. Despite internal differences and external pressures, the bloc is actively reshaping global financial architecture and trade patterns, signaling a fundamental shift accelerated by geopolitical tensions and sanctions.

From gold to digital currencies, BRICS is rewriting the rules of global finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher.Guru — "BRICS Progress Surges As Membership And Influence Explode"

• Business Standard — "BRICS 2026: Membership Expansion and Financial Innovation"

~~~~~~~~~~

🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:   • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.       Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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MilitiaMan and Crew: IQD News Update-Youth Empowerment-Investment-Trade-WTO-REER Support!

MilitiaMan and Crew: IQD News Update-Youth Empowerment-Investment-Trade-WTO-REER Support!

2-8-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=9WkUspbcrLk

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 2-8-26

Good Afternoon Dinar Recaps,

Ukraine Urges Acceleration of Peace Talks — Says Only Trump Can Broker Deal

Kyiv signals urgency for a negotiated end to the war, pointing to U.S. leverage and Trump’s deal-making influence as decisive factors  

Overview

Ukraine’s foreign minister has called for a speeded-up peace negotiation process with Russia, stating that only U.S. President Donald Trump has the influence necessary to broker a final agreement. Kyiv said that remaining sticking points in the four-year conflict must be resolved at the highest leadership level, and is pushing to capitalise on momentum in the U.S.-brokered talks before domestic and political factors in the United States make the window narrower.

Key Developments

• Ukrainian Foreign Minister Andrii Sybiha said that only a direct meeting between the leaders of Ukraine and Russia, facilitated by President Trump, is likely to resolve the most sensitive issues in peace talks.

• Kyiv wants to accelerate negotiations and has agreed to attend a new round of talks in Miami next week as part of an effort to finalize a draft peace deal by March 2026.

• A prisoner swap involving 314 individuals took place during recent trilateral talks in Abu Dhabi, marking progress on humanitarian issues even as substantive disagreements remain.

• Ukraine is seeking U.S.-led security guarantees to deter future aggression once a ceasefire enters force, and is resolute that any deal must not legitimize Russian territorial claims.

Why It Matters

The Ukraine-Russia conflict is one of the most consequential geopolitical crises of the 21st century, with impacts on European security, NATO cohesion, global energy markets, and economic sanctions regimes. Accelerating peace talks — especially with U.S. involvement — could reshape strategic alignments and alter the trajectory of Western defense and economic policies.

Why It Matters to Foreign Currency Holders

Prolonged conflict and uncertainty in Europe tend to increase demand for safe-haven assets such as the U.S. dollar and gold. If peace negotiations accelerate, risk sentiment could improve, potentially easing pressure on currencies tied to geopolitical volatility.
Reserve diversification weakens single-currency dominance as central banks and investors hedge against prolonged instability and currency risks.

Implications for the Global Reset

Pillar 1 – Geopolitical Stability and Economic Confidence:
A credible push toward peace could support greater financial stability across global markets, lowering geopolitical risk premiums and encouraging investment flows.

Pillar 2 – Multipolar Strategic Diplomacy:
U.S. leadership in peace efforts, balanced with European and regional voices, illustrates how multilateral diplomacy shapes outcomes in major conflicts — a key element of a dynamic global order beyond unilateral approaches.

Only through high-level engagement and diplomatic momentum can a lasting resolution be realistic — not merely a pause in hostilities.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

Reuters — “Ukraine urges acceleration of peace talks, says only Trump can broker deal”

Reuters via Financial Express — “Ukraine urges acceleration of peace talks, says only Trump can broker deal”

~~~~~~~~~~

U.S. Proposes Critical Minerals Trade Bloc to Counter China’s Dominance

Washington moves to lock in strategic supply chains as resource control becomes the new economic battleground  

Overview

The United States has unveiled an initiative to create a preferential trade bloc focused on critical minerals with allied countries, a strategic move designed to reduce global dependence on China’s dominant position in essential industrial metals and rare earths. The proposal emerged from the recent Critical Minerals Ministerial hosted by the U.S., where government officials discussed coordinated trade, stockpiling, price supports, and supply-chain resilience for minerals critical to clean energy, advanced manufacturing, and defense technologies. This effort reflects a growing geopolitical pivot in which resource security is treated as a core component of economic and national strategy rather than a purely market-driven commodity space. (reuters.com)

Key Developments

• U.S. officials proposed formation of a critical minerals trade bloc that would coordinate among participating countries on pricing floors, joint purchasing frameworks, and shared industry standards to strengthen allied access to essential minerals and counter supply concentration.

• The initiative aims to address dependencies on Chinese production of rare earths, lithium, cobalt, and other inputs essential for semiconductors, batteries, renewable energy infrastructure, and defense applications.

• Participating nations at the ministerial engaged in discussions about strategic stockpiling, cooperative mining and processing ventures, and preferential trade arrangements that could reduce vulnerability to concentrated supply chains.

• The policy direction is part of a broader shift toward geoeconomic competition in which access to and control of key resources becomes a pillar of industrial policy and strategic autonomy.

Why It Matters

Critical minerals are foundational to emerging technologies and the energy transition. Control of these resources — and the supply chains that deliver them — increasingly shapes economic competitiveness, national security, and global industrial leadership. A coordinated trade bloc could reshape investment flows, manufacturing location decisions, and alliance structures, especially in sectors where supply bottlenecks have systemic implications.

Why It Matters to Foreign Currency Holders

Resource security initiatives influence capital allocation and currency dynamics. When strategic alliances form around critical inputs, demand for diversified reserves and alternative settlement mechanisms can increase as countries seek to reduce exposure to single-currency risk associated with dominant exporters and buyers.
Reserve diversification weakens single-currency dominance, supporting broader multipolar reserve strategies.

Implications for the Global Reset

Pillar 1 – Strategic Resource Redistribution:
A critical minerals trade bloc represents a structural shift in how nations secure essential inputs, emphasizing collective strength over dependency on a single supplier or currency.

Pillar 2 – Industrial Sovereignty and Geoeconomics:
By integrating resource policy with trade alliances, participating states institutionalize a multipolar economic order in which access to critical inputs is central to both economic resilience and geopolitical stance.

As supply chains evolve and geopolitical competition intensifies, control over critical minerals may be as strategically decisive as control over capital flows or military assets.

Control over supply chains is now inseparable from control over economic destiny.  

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

Reuters — “US hosts countries for talks to weaken China’s grip on critical minerals”

Reuters — “Italy, France and Germany to lead EU critical materials stockpiling plan — sources”

~~~~~~~~~~

BRICS 2026 Sets Ambitious Agenda — Aiming for Multipolar Finance and Strategic Independence
India chairs the 18th summit, focusing on resilience, innovation, and cooperation for the bloc’s future.

Overview
The 18th BRICS summit, scheduled for 2026 in New Delhi under India’s chairmanship, will focus on strengthening economic influence, financial autonomy, and multilateral cooperation. The alliance has outlined a theme of “Building for Resilience, Innovation, Cooperation, and Sustainability”, prioritizing welfare, multipolarity, and financial innovation.

Key Developments

• Local Currency Trade Expansion – BRICS members are planning to deepen the use of local currencies in trade and cross-border transactions, reducing dependency on the US dollar.

• Gold-Backed Financial Mechanism – Discussion of a potential gold-backed instrument could signal an alternative to conventional fiat currency reliance.

• Membership & Partnerships – Expansion strategies with new and partner countries will be debated to broaden the bloc’s influence.

• Multipolar Payment Systems – Efforts to integrate all major currencies in settlement systems aim to create a truly multipolar financial landscape.

• CBDC Integration – Linking central bank digital currencies among BRICS nations is a priority for enhanced trade settlement efficiency and reduced transaction friction.

Why It Matters
The BRICS 2026 agenda signals a more self-reliant bloc, aiming to balance the dominance of Western currencies while fostering internal cohesion. Moves toward gold-backed mechanisms and CBDC integration could reshape global financial flows and limit the US dollar’s hegemony.

Why It Matters to Foreign Currency Holders
Reserve diversification is likely to accelerate as BRICS nations push alternatives to the dollar, euro, and pound. Investors holding US-dollar-dominated assets may see increased volatility and slower adoption of dollar-denominated instruments in emerging markets.

Implications for the Global Reset

• Pillar 1 – Multipolar Finance: BRICS’ push for local currencies and CBDCs strengthens multipolar currency networks, reducing reliance on traditional Western financial infrastructure.

• Pillar 2 – Strategic Independence: Gold-backed mechanisms and expansion strategies could shift trade patterns and global leverage away from existing Western-led systems.

The 2026 summit could mark a turning point in BRICS’ evolution, with India pushing the bloc toward greater autonomy and financial innovation. Policies may be ambitious, but execution remains the critical challenge.

Sources

• Watcher.Guru — "What Are the Main Goals of BRICS in 2026?"

• Business Standard — "India to Chair BRICS 2026, Focus on Financial Cooperation"

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps 

Mark Cuban Responds To Elon Musk, Who Said 'Money Can't Buy Happiness.'

Mark Cuban Responds To Elon Musk, Who Said 'Money Can't Buy Happiness.' Tells Him Being Rich Only Makes You More Of What You Already Were

Adrian Volenik  Benzinga   Fri, February 6, 2026

World’s richest person Elon Musk set off a wave of reactions this week after posting a short but heavy message on X: “Whoever said ‘money can't buy happiness’ really knew what they were talking about,” followed by a sad face emoji. Billionaire investor Mark Cuban quickly weighed in on the broader meaning behind it.

Coming from the world's richest person, the post quickly went viral, pulling in more than 90 million views and sparking a mix of concern, criticism, and reflection.

The timing only added to the intrigue. Musk recently crossed an unprecedented wealth milestone, and yet his post suggested that even extreme financial success hasn't translated into personal contentment. For many observers, the contrast was striking.

Cuban Says Money Doesn't Change You, It Amplifies You

“If you were happy when you were poor, you will be insanely happy if you get rich,” Cuban wrote, quoting Musk's post. “If you were miserable, you will stay miserable, just with a lot less financial stress.”

If you were happy when you were poor, you will be insanely happy if you get rich.

If you were miserable, you will stay miserable, just with a lot less financial stress https://t.co/E3WoNYudTb

— Mark Cuban (@mcuban) February 5, 2026

Cuban's point was simple: money removes pressure, but it doesn't fix what's already broken.

Trending: It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.

That perspective is notable given Cuban's long‑running respect for Musk as a builder and risk‑taker.  “What I respect most about you is that you go all in with your own money for your startups,” Cuban praised Musk last year for personally funding his companies. “Most people don't have the balls to do it.” Even with that admiration, Cuban hasn't hesitated to challenge Musk publicly when he disagrees.

Musk has not expanded on his original comment. Still, the reaction to it highlights a growing public fascination with the emotional cost of extreme success, especially when it comes from people who seem to have everything.

Musk Becomes The First Person Worth $800 Billion

To Continue and Read More:  https://www.yahoo.com/finance/news/mark-cuban-responds-elon-musk-211720331.html

“Tidbits From TNT” Sunday 2-8-2026

TNT:

Tishwash:  International forum to support investment companies

 On the sidelines of the Baghdad International Fair, the capital, Baghdad, witnessed the launch of the International Business Forum, with the participation of representatives of government agencies, the banking sector and international institutions, along with leaders of the private sector, to discuss investment opportunities and facilities provided to foreign companies in Iraq. 

During the opening session, the head of the National Investment Commission, Haider Mohammed Makkiya, announced that the total volume of investments in Iraq had risen to $104 billion, distributed as $67 billion in foreign investments and $37 billion in local investments, an increase of $2 billion during the past four months, in an indicator that reflects the growing confidence of investors and the transition of the investment landscape to a more stable and mature stage.

Iraq's investment environment

Regarding the forum, the Prime Minister’s financial advisor, Dr. Mazhar Muhammad Saleh, said that the investment environment in Iraq still suffers from the existence of inactive and stagnant laws within the structure of the economy, indicating that they constitute a deterrent factor to investment and limit opportunities to attract foreign companies.

Saleh added, in an interview with Al-Sabah, that international organizations had previously presented their visions to address these problems according to clear legislative frameworks, noting that activating or amending just one law within the House of Representatives could make a real difference in the reality of economic performance.

He stressed that reforming these laws would transform Iraq into an attractive market for international companies possessing technology and capital, emphasizing the importance of the legislative role of the House of Representatives in creating a stable and stimulating environment. For investment and economic development.

Efforts behind success

The Chairman of the Board of Directors of the American-Arab Chamber of Commerce, David Hamoud, praised the great and concerted efforts that stood behind the success achieved by the Baghdad Fair, expressing his pride in being present at this economic event that is being held on land that carries a deep historical and cultural significance.

Hammoud explained to Al-Sabah that the Chamber's representation of the American private sector stems from the conviction that capital always seeks safe opportunities, stressing that security and the rule of law constitute The foundation of any successful investment.

He added that this participation contributes to conveying a new and positive image of Iraq after the transformations it has witnessed in the past period, noting that the United States includes states specializing in different economic fields.

He stressed that a growing number of American businessmen are showing a genuine desire to work within the Iraqi market, noting that the Chamber is working to connect these opportunities and achieve partnerships that serve the interests of both sides.

International standards

Meanwhile, the representative of the International Trade Centre, Devka Rajiv, saw that the reform process in Iraq is moving towards conformity with international standards in various economic sectors and joints, explaining that this trend forms an important basis for improving the business and investment environment.

Rajiv explained to Al-Sabah that Iraq has made significant and important progress towards joining the World Trade Organization, reflecting the seriousness of government institutions in modernizing economic and trade systems and aligning them with international requirements. She pointed out that the Investment Authority plays an active role in encouraging investment by reviewing existing laws and legislation and intervening to develop them in line with the needs of international companies and contributing to creating an attractive and stable environment for foreign investments.

Customs work automation

The Director General of the Iraqi General Authority of Customs, Dr. Thamer Qasim Dawood, pointed out that the adoption of automation in customs work has greatly contributed to serving investment companies operating in Iraq, by facilitating procedures and speeding up the completion of transactions, stressing that all border crossings have become fully automated, with the adoption of electronic systems in recording customs work.

Daoud told Al-Sabah: “The customs clearance and payment processes are carried out electronically according to modern systems, most notably the ASYCUDA system, which ensures transparency and accuracy. He stressed that the authority prevents any illegal exemptions in cooperation with the competent authorities.”

He added that approvals are issued within moments upon completion of the requirements, indicating that Iraqi law is among the best laws supporting the investment sector.

outskirts of major cities

In a related context, Dr. Mohamed Hassan El-Sayed, representative of the Ministry of Planning, said: The ministry is currently moving towards the outskirts of major cities to prepare areas designated for investments, indicating that this is a step aimed at attracting investors and relieving pressure on city centers.

In an interview with Al-Sabah, Mr. Al-Sayed pointed out that this approach comes within an integrated plan to create a suitable investment climate that achieves optimal use of available resources, explaining that the ministry encourages investment in the governorates by establishing economic and industrial cities in areas outside the cities, due to their role in supporting future economic projects.

He added that these cities will contribute to development and re-export, stressing that the main goal is to achieve integration between the public and private sectors.

International data

Meanwhile, the head of the International Chamber of Commerce branch in Iraq, Mohsen Al-Humaid, stated that the Chamber is working to encourage foreign companies to enter the Iraqi market, relying on three international factors that contribute to creating a safe and attractive investment environment. He explained that one of the most prominent of these factors is the International Arbitration Center, which guarantees the preservation of the rights of all working parties and enhances confidence in commercial and investment transactions. 

Al-Humaid told Al-Sabah: “The Chamber has a special platform for direct communication with international companies, which aims to facilitate partnerships and build effective cooperation channels between the Iraqi private sector and its international counterpart, in order to support investment and enhance the presence of foreign companies in Iraq.”

Banking development

In addition, the representative of the Central Bank of Iraq, Ahmed Dawar Salman, pointed out that the bank has achieved an important financial accomplishment by strengthening its relations with a number of international institutions and bodies, stressing that this has contributed to the development of banking work and raising the level of international confidence in the Iraqi financial sector.

Salman added to Al-Sabah that the procedures for financial transfers are witnessing greater smoothness in terms of safety and accuracy of transfer operations, which has encouraged global banks and international banks to express their desire to be present and work inside Iraq. He added that cases of delay in transfers are mostly due to a lack of some auditing requirements, as the Central Bank is keen to adhere to international standards to ensure transparency and financial stability.

Open visions

Meanwhile, economist Khalid al-Jabri considered the conference an opportunity for a meeting between official Iraqi economic and commercial channels (the Customs Authority, the Tax Authority, the Registrar of Companies, the Central Bank, and some banks) with the aim of highlighting the strength of the improvements made over the past three years in economic activity.

 Al-Jabri continued, in an interview with Al-Sabah, that the improvements are generally good, but added that there is still a long way to go to continue the necessary reforms.

He pointed out that the Iraqi economy suffers from a fragile structure and needs a set of legislations and amendments, explaining that the country changed its political system after 2003, but its administrative system did not change, which caused a clash between the democratic political system and the multiplicity of decision-making authorities from parliament to judiciary to central bank to monetary policy.

He added that open visions are incompatible with the totalitarian vision with which the administrative and economic laws were written before 2003, which left a fundamental distortion and negatively affected the economic movement and created a continuous clash between the Iraqi private sector, which operates with the market economy and its methodology, and the laws that operate with the central totalitarian system.

Openness to the world

Nidal Sharaan, representative of the Saudi pavilion, confirmed that the impression formed by the delegation confirms that Iraq has a genuine desire to open up to the world.

 He indicated that this approach could constitute a real starting point towards achieving sustainable economic development. 

He stated that participation in the Baghdad International Fair provided important opportunities for direct communication with relevant parties, revealing that several understandings were discussed with representatives of the Iraqi private sector, paving the way for future cooperation and building partnerships. It serves common interests.  link

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

Tishwash:  Government advisor: All salaries and pensions are fully secured and the financial situation is stable.

The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, confirmed on Friday that all salaries are secured and the financial situation is stable, while explaining that the delay in salaries is due to temporary procedures for disbursement mechanisms and financial timings.

According to the official agency, Saleh said that “any limited delay that may occur in the disbursement of salaries is not in itself a financial crisis, nor does it reflect a shortage of resources or a breach of obligations, but rather it is due to temporary organizational and procedural considerations related to disbursement mechanisms and the management of financial timings.”

He affirmed that “salaries, pensions, and social welfare allowances are fully secured within the approved financial framework,” noting that “regular disbursement is the general rule, with the possibility of limited time differences in some exceptional cases, without this affecting financial stability or the ability to meet entitlements.”

Saleh stressed that "the financial situation is stable, and liquidity management will continue in a way that ensures the sustainability of public spending and protects the incomes of employees, retirees and social welfare beneficiaries, while working to reduce any delays to the lowest possible level, within the priorities of spending in public finance."  link

Mot: Ya Gots to Love da INternet -- Gives Ya the Best Marital Thingies!!! 

Mot: . Celebrating little acts of love!!!!

Seeds of Wisdom RV and Economics Updates Sunday Morning 2-8-26

Good Morning Dinar Recaps,

Central Banks Ramp Up Gold Reserves as Strategic Hedging Intensifies

Central banks around the world, including major BRICS members, have significantly increased their official gold holdings in recent years — a trend that reflects diversification of reserves, risk hedging against geopolitical and currency uncertainty, and a strategic shift in how national treasuries manage foreign assets. Verified data from central bank reports and the World Gold Council shows that gold accumulation remains strong even amid changing global economic conditions.

Global Central Bank Gold Accumulation

Central bank gold purchases have continued at elevated levels in 2025, with official data showing that many institutions added significant tonnage to their reserves over the course of the year. According to the World Gold Council (WGC), official sector net purchases reached more than 250 tonnes of gold by October 2025, making it one of the strongest years for central bank buying in recent history. Poland, Kazakhstan and Brazil were among key buyers, while institutions in China, Turkey and other emerging markets also added to their holdings.

The accumulation was broad-based, with many countries reporting net additions month after month and year-to-date totals that far exceed historical averages. Overall, central banks have purchased gold consistently as a store of value and hedge against inflation, geopolitical risk, and currency volatility.

BRICS Gold Holdings and Role in Central Bank Buying

BRICS nations — including Russia, China, India and Brazil — now collectively hold a substantial share of global official gold reserves. Combined BRICS gold reserves exceed 6,000 tonnes, representing around 20–21% of total global central bank gold holdings. Russia alone accounts for more than 2,300 tonnes, with China close behind and India holding nearly 900 tonnes.

These holdings place BRICS members among the largest official holders of gold worldwide, alongside countries like the United States, which remains the largest reserve holder overall. The strategic accumulation by BRICS central banks supports broader reserve diversification and risk management objectives, particularly in the context of ongoing global economic uncertainty.

Why It Matters

Gold serves as a long-term store of value that typically performs well during periods of financial stress and currency volatility. Unlike fiat currencies, gold cannot be devalued by monetary policy decisions, making it an attractive hedge for central banks that seek to protect against inflation or geopolitical risk. As global economic conditions have fluctuated — amid inflationary pressures, shifting monetary policies, and geopolitical tensions — gold has regained prominence as an official reserve asset.

Why It Matters to Foreign Currency Holders

Gold’s increasing share in central bank portfolios suggests a reduction in the relative dominance of traditional reserve currencies, including the U.S. dollar. As central banks diversify away from heavy concentrations in any single currency, the global reserve landscape becomes less concentrated and more multipolar, potentially reducing reliance on the U.S. dollar as the primary reserve asset.

Reserve diversification weakens single-currency dominance and encourages broader reserve classes that include substantial allocations to real assets like gold.

Implications for the Global Reset

Pillar 1 – Reserve Currency Rebalancing:
Growing allocations to gold by central banks reflect broader structural shifts in the international monetary system, where diversification away from single-currency dominance supports resilience against systemic shocks.

Pillar 2 – Strategic Hedging and Risk Management:
Increased gold holdings indicate a priority among national policymakers to hedge against economic uncertainty, inflation risk, and geopolitical instability — a hallmark of evolving global reserve strategy in a more interconnected and volatile world.

Placing gold at the core of reserve strategies signals that sovereign treasuries value stability and diversification over dependence on any one currency’s prospects.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

World Gold Council — “Central banks bought a net 53 tonnes of gold in October 2025, strongest monthly total so far”

World Gold Council / Gold Eagle — “Gold and Silver in 2026 – central bank demand remains strong”

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Iran — A U.S. Demurral Isn’t Necessarily a De-escalation

A pause in planned military action reflects tactical restraint, not a shift in strategic objectives

Overview

Reports from multiple outlets and diplomatic sources indicate that the anticipated U.S. military strike on Iran in early February 2026 did not occur, despite ready forces and public pressure. Instead, Washington opted for a recalibration of pressure and diplomacy, influenced by alliance concerns, regionwide instability risks, and ongoing mediation efforts. This pause—while widely interpreted as restraint—may reflect strategic risk management rather than true de-escalation.

Key Developments

• Anticipated U.S. military action against Iran did not take place in early February 2026 after forces were reportedly poised to strike.

• Gulf partners — including the UAE, Qatar, Saudi Arabia, and others — urged Washington to allow diplomatic channels to proceed before any strike.

• Indirect talks between U.S. and Iranian officials resumed in Muscat, Oman, representing the first engagement since mid-2025 nuclear tensions escalated. Both sides called the discussions a “good start” but significant points of disagreement remain, especially on enrichment and missiles.

• Iranian leadership has indicated that while nuclear negotiations have begun, talks are limited in scope and contain unresolved impasses, including Iran’s refusal to halt uranium enrichment.

• Russian officials continue to push for diplomatic solutions and formally oppose renewed U.S. military threats, warning they could destabilize broader regional security.

Why It Matters

The current U.S.–Iran dynamic illustrates that a lack of immediate military action does not signal an end to strategic pressure. Instead, Washington appears to be managing escalation risk — balancing military readiness, alliance concerns, and geopolitical calculations in a region where a conflict could quickly expand. Continued confrontation, even with intermittent talks, complicates energy markets, regional stability, and global security frameworks.

Why It Matters to Foreign Currency Holders

With heightened geopolitical risk in the Middle East, currency markets and risk assets often respond strongly to uncertainty. Escalation—or even the threat of escalation—typically boosts demand for safe-haven assets like the U.S. dollar and gold, while pressuring emerging-market and commodity-linked currencies.
Reserve diversification weakens single-currency dominance, as sustained geopolitical risk and policy uncertainty encourage central banks and investors to hedge beyond traditional reserve assets.

Implications for the Global Reset

Pillar 1 – Strategic Risk Containment:
Pause in direct military action highlights how major powers may prefer calibrated coercion and managed diplomacy over outright conflict, a characteristic feature of a world moving away from unipolar military doctrines.

Pillar 2 – Multipolar Mediation Architecture:
Regional and global actors — including Gulf states, Russia, and Oman — are increasingly influential in shaping outcomes, indicating that emerging multipolar diplomacy is a central part of contemporary conflict management.

Diplomacy should not be mistaken for peace; it may simply be an extended negotiation of leverage in a high-stakes strategic standoff.

Sources

Al Jazeera News — “Updates: U.S. and Iranian officials head towards Oman ahead of critical talks”

Reuters — “If US attacks, Iran says it will strike US bases in the region”

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Trump Predicts Dow 100,000 by 2029 After Historic 50,000 Breakout

Market optimism collides with valuation reality

Overview

President Donald Trump has officially predicted that the Dow Jones Industrial Average will reach 100,000 before the end of his second term in January 2029, following the index’s historic close above 50,000 for the first time. The prediction was made via a Truth Social post on February 6, 2026, where Trump credited his administration’s tariff and trade policies for driving economic growth, market confidence, and national security.

Key Developments

1. Historic Milestone Reached
The Dow closed above 50,000 on February 6, 2026, marking a symbolic psychological milestone for U.S. equity markets after rebounding from tariff-related volatility in early 2025.

2. Trump Sets 100,000 Target
Trump stated that the Dow could double again to 100,000 by January 2029, claiming the 50,000 milestone was reached “three years ahead of schedule.”

3. Policy Attribution
The former president explicitly credited his administration’s tariff strategy, asserting that protectionist trade policies strengthened domestic industry, boosted investor confidence, and supported national economic security.

4. Market Math Raises Questions
Analysts note that reaching 100,000 by 2029 would require roughly a 26% compound annual growth rate (CAGR) — far above the Dow’s long-term historical average of approximately 10% annually.

Why It Matters

Trump’s prediction underscores how financial markets are increasingly central to political narratives, with equity indices framed as indicators of policy success. Whether achievable or not, the statement reflects growing expectations that markets will continue to expand despite elevated valuations, high debt levels, and global economic uncertainty.

Why It Matters to Foreign Currency Holders

Rapid equity appreciation driven by fiscal stimulus, tariffs, or debt expansion can weaken confidence in fiat stability over time.
Reserve diversification weakens single-currency dominance, encouraging investors and central banks to hedge against volatility through alternative assets, commodities, and non-dollar exposures.

Implications for the Global Reset

Pillar 1 – Financial Asset Inflation

Rising equity targets highlight the growing reliance on asset inflation to sustain economic confidence, reinforcing imbalances between financial markets and the real economy.

Pillar 2 – Confidence-Driven Valuation Systems

Markets increasingly price narratives, policy signals, and political expectations rather than fundamentals alone — a key feature of late-stage monetary systems.

Seeds of Wisdom Team
Newshounds News™ Exclusive

When markets become policy proof, valuation becomes belief.

Sources

MSN / MarketWatch — “Trump predicts the Dow will hit 100,000 by end of his term”

Bloomingbit — “Trump: Dow tops 50,000 for first time, predicts 100,000 during term”

Seeking Alpha — “Trump predicts Dow will hit 100,000 by end of his term”

Yahoo Finance — “Stock market sends warning signals despite record highs”

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Sunday Morning 2-8-26

Artificial Intelligence Causes Investors To Lose $400 Billion In A Week

Money and Business    Economy News — Follow-up   According to Axios, investors lost more than $400 billion after realizing that entire industries were on the verge of being replaced.

The website stated that the sell-off in the software industry sparked by the latest release from Anthropic (an American artificial intelligence startup) is ultimately just a small step in a larger transformation that could reshape the way we all live and work.

It is also the first concrete judgment on what will happen when artificial intelligence begins to devour entire categories of work, long before the long-anticipated bloodbath begins in the ranks of white-collar workers (employees who perform office work and work that requires mental and creative skills, do not need to work in places that require physical effort, and are paid average or high wages compared to other workers).

Anthropic recently released a suite of software-killing tools, prompting investors to reconsider the value of software companies, with the sector falling 25% last week.

One such tool, "Cloud Code," writes code on behalf of users, essentially creating custom programs.

The other, "Cowork," offers add-ons designed to help AI agents work as full-time colleagues.

The impact of artificial intelligence is not limited to the evaluation of software companies, but it is changing the way these companies operate from the inside out.

OpenAI CEO Sam Altman said he felt "helpless" and "sad" about using his artificial intelligence in programming.

The Death Of A Society At The Hands Of A Human Substitute

American journalist Peter Coy points out that software engineers who use this technology are talking to each other less than ever before, indicating a "death of community".

As of this week, investors are seriously considering artificial intelligence not just as a productivity booster for software companies, but as an alternative.

The impact of artificial intelligence will not be limited to work, but will also affect profits, Shelby McFadden, portfolio manager of a $2.6 billion fund, told Axios.

McFadden added: "Expect the market to price in the broader impact of AI on the labor market across many industries within a year or so."

On the other hand, some investors remain optimistic about software stocks, especially now that they are available at a discount.

Turning Humans Into Pawns On The Chessboard Of Artificial Intelligence

It will also be difficult to replace existing software companies, "with AI the code may become cheap but context is expensive... you can't go beyond 10 years of customer data using machine learning," data provider PitchBook noted in its report.

PitchBook explains that growth for software companies has already slowed, and this is a metric to watch for other industries that could be affected by artificial intelligence.

David Featherstonehow, executive vice president at Vista Shares, told Axios that customer retention will indicate whether people will become pawns on the AI ​​chessboard.

What's Next?

According to Axios, investors' concerns about the impact of artificial intelligence on software companies may spread and drive them to innovate in other industries that will revolutionize emerging technology.   https://economy-news.net/content.php?id=65447

Minister Of Trade: There Will Be No Price Increases And We Will Not Allow Them.

Money and Business   Economy News – Baghdad  Minister of Trade, Atheer Al-Ghurairi, confirmed on Sunday that there has been no increase in prices, noting that the Ministry of Trade will not allow this, while pointing out that goods are available and imports are continuing.

Al-Ghurairi said, “The government’s decisions are in the interest of the citizen. Today we visited the shopping center in the Al-Bayaa area to confirm the directives to provide all materials, which are available at a subsidized rate of less than 20 percent of the market price.” He explained that “the Ministry of Trade and government centers, in cooperation with the private sector, are the fulcrum or the point of balance to prevent any exploitation by some unscrupulous individuals who might try to increase prices through rumors.”

He added, "Under this government, through continuous measures that included all aspects of the economy, the implementation of the ASYCUDA system means controlling the borders, preserving the currency, preventing smuggling, and preventing the depletion of the currency," noting that "the customs tariff is set according to the law, as is the case in countries around the world."

He stated, "Through our monitoring of prices, there is no increase in them, but rather within the profit margin that exists between wholesale and retail," noting that "the goods are available, imports are ongoing, the tariff is simple, even symbolic, and there is no increase in prices, and we will not allow that."https://economy-news.net/content.php?id=65467

Oil: Iraq Is Classified Among The Countries Producing High-Quality Petroleum Products.

Energy   Economy News – Baghdad  The Undersecretary of the Ministry of Oil for Refining Affairs, Adnan Muhammad Hammoud, announced today, Sunday, that the new refineries have been operating at 100% production capacity, which has contributed to classifying Iraq among the countries producing high-quality oil derivatives.

Hammoud said in a statement to the Ministry of Oil that these projects aim to enhance self-sufficiency in white oil products, and to secure the needs of Iraqi citizens for gasoline, white oil and gas oil, and to achieve a qualitative leap in quantity and quality, through the introduction of a number of advanced refining projects, including refining units, hydrogenation units and gasoline production improvement projects.

He explained that the Salah al-Din Refinery /3 and the North Refinery /2 were opened with a total capacity of (140) thousand barrels/day, in addition to introducing the FCC (Catalytic Cracking) project in the Basra Refinery with a capacity of (35) thousand barrels/day, and the project of the Hydrogenation and Improvement of Gasoline Unit in Kirkuk Governorate with a capacity of (11) thousand barrels/day.

The Undersecretary also pointed out that these projects contributed to classifying Iraq among the countries producing high-quality oil derivatives with Euro 5 specifications, and moving from the consumption stage to the export stage, in addition to operating the Karbala refinery at 100% capacity.

He affirmed that the ministry is proceeding with the completion and opening of the hydrogenation and gasoline improvement unit project at Al-Sumoud Complex / North Refineries Company, in the coming days, which will enhance gasoline production quantities and cover local consumption needs in all governorates of the country.

At the end of 2025, the Iraqi government decided to stop importing gasoline, gas oil (kerosene), and white oil, as local production of these fuels had reached quantities exceeding local consumption rates.

On October 25, Prime Minister Mohammed Shia al-Sudani announced that his government had developed a plan to save the state treasury approximately $10 billion by halting imports of gasoline and oil derivatives after achieving self-sufficiency in their production within Iraq.   https://economy-news.net/content.php?id=65463

Oil Spokesperson: "No Gasoline Shortage", Affirms Daily Production Rate Reaches 30 ML

Ministry spokesperson Abdul Sahib Bazoun al-Hassnawi told the Iraqi News Agency (INA): "We deny what is being circulated in some media outlets regarding a gasoline shortage," emphasizing that "there is no shortage of this fuel."

He explained that "the available gasoline stock is 135 million liters, while the daily production rate reaches 30 million liters."

He noted that "the consumption rate has increased slightly to 33.5 million liters per day due to the holiday and increased vehicle traffic and citizens going out," clarifying that "gasoline is available at reasonable prices."

He added that "production will stabilize in the coming days," pointing out that "the FCC unit in Basra has begun operations, which will contribute to raising the production of high-octane gasoline to 4 million liters."

Al-Hasnawi confirmed that "these figures represent official, approved data for February," emphasizing "the complete stability in gasoline supplies and the absence of any crisis."

He explained that "the staff of the Ministry of Oil, across all its departments, are working day and night to provide petroleum products to the Iraqi people," affirming "complete control over the petroleum products sector and the absence of any shortages."   https://ina.iq/en/economy/45331-oil-spokesperson-no-gasoline-shortage-affirms-daily-production-rate-reaches-30-ml.html

U.S. Plans Initial Payment Toward Billions Owed To U.N.

The United States will make an initial payment toward the billions of dollars it owes to the United Nations in a matter of weeks, the U.S. ambassador to the world body said Friday, while stressing the need for the U.N. to continue reforms.

Mike Waltz made the comments in a telephone interview two weeks after U.N. Secretary-General Antonio Guterres sounded the alarm on U.N. finances and warned that the 193-country organization is at risk of "imminent financial collapse" due to unpaid fees, the majority of which ​are owed by Washington.

"You'll certainly see an initial tranche of money very shortly," Waltz said. "It'll be a significant... down payment on our annual dues.... I ‍don't believe ⁠that the ultimate figure is decided, but it'll be in a matter of weeks."

U.N. officials say more than 95% of what is owed to the regular U.N. budget is owed by the United States — $2.19 billion by the start of February. The U.S. also owes another $2.4 billion for current and past peacekeeping missions and $43.6 million for U.N. tribunals.

On Dec. 30, the U.N. General Assembly approved $3.45 billion for the regular U.N. budget for 2026, following weeks of negotiations. This covers costs of running U.N. offices around the world, including the headquarters in New York, staff salaries, meetings and development ‍and human rights work.

The U.N. funding crisis comes at a time when the United States under President Donald Trump has been retreating from multilateralism on numerous fronts. U.S. arrears to the United Nations have grown substantially during his presidency, even though America’s history of falling behind on its U.N. payments stretches back decades.

U.N. officials say ‌the U.S. did not pay into the regular budget last year and owes $827 million for that, as well as $767 million for 2026.

On Tuesday, Trump signed into law a spending bill that includes $3.1 billion for U.S. ​dues to the U.N. and other international ‌organizations.

Asked if the money he spoke of would go towards last year's dues or those for ‌2026, or both, Waltz said: "just in general, towards the arrears, and also in recognition of some of the reforms that we've seen."

Under ​Trump, as well ‌as refusing to make mandatory payments to the U.N.'s regular and peacekeeping budgets, the U.S. has slashed voluntary funding to U.N. agencies with their own budgets, and moved to exit U.N. organizations including the World Health Organization.

Waltz said the United States was very supportive of Guterres' UN80 reform effort and called it an important first step that needed to be continued.

"It doesn't go far enough, but it's an important step. I wish the secretary-general had made it in year one or two of his tenure, not year nine," he said.

"We're very focused... on getting back to basics, on peace and security. And... the president is rightly asking, how can we get the U.N. back to realizing its full potential?

"All of those conversations are currently being had and are in play, and we expect to see more reforms coming," Waltz said.

"This is some tough love. The current model is unsustainable for a lot of ‍countries, ‍and we're trying to get the U.N. back, fit for purpose and focused, and stop trying to do everything for everyone."

Waltz said reducing duplication was a key aim, saying that for example, there were seven U.N. agencies with climate change as their primary mission.

"Now, regardless of the ‍climate change debate, we don't need seven," he said, adding that the U.S. also supported consolidation of logistics and back offices at humanitarian agencies.

"The U.N. bureaucracy has grown too large, and needs to be much more efficient and effective," he said.

Guterres launched his UN80 reforms last year, seeking to cut costs and improve efficiency. The approved 2026 regular budget is roughly $200 million higher than he proposed, but about 7% lower than ‌the approved 2025 budget.

He warned last month that the U.N. could run out of cash by July and cited a "Kafkaesque" requirement for it to credit back hundreds of millions of dollars in unspent dues to states each year even if it never received the money.

Waltz Said Member States Should Change This Rule.

He said U.S. peacekeeping arrears were in part due to a "statutory disconnect" between what the U.N. assesses and U.S. law allows to be paid and added: "That'll be addressed the next time we negotiate our assessments, which I believe is next year."  Source: Japan Times   https://ina.iq/en/economy/45313-us-plans-initial-payment-toward-billions-owed-to-un.html

Central Bank: Lending Within Residential Complexes Continues According To The Approved Policy.

Economy News – Baghdad    The Central Bank of Iraq clarified its lending initiatives and financing mechanisms on Sunday, confirming the continuation of granting housing and solar energy loans within residential complexes, while pointing to the financing mechanism outside residential complexes.

The bank's director of initiatives, Rafal Hussein, said, "The Central Bank has several initiatives, including granting loans to purchase solar panels, the Housing Fund initiative, and the Real Estate Bank."

She added that "the Central Bank continues to disburse loans within residential complexes, and they are available, and lending is in accordance with the bank's lending policy and the instructions issued," indicating that "the Central Bank enhances the liquidity of the Real Estate Bank and grants it according to its policy."

She pointed out that "the financing outside residential complexes is from loans funded by recovered funds, so they are not in high categories, and when financial allocations are available and announced, applications are submitted through the (Our) platform."   https://economy-news.net/content.php?id=65466

Media Reports: First Phase Of US-Iran Negotiations Has Ended

The Iranian news agency IRNA reported that "the first phase of negotiations has concluded, during which the Iranian and American sides conveyed their views and observations separately to the Omani side."

It added that "the second phase of negotiations will begin shortly."

https://ina.iq/en/45296-media-reports-first-phase-of-us-iran-negotiations-has-ended.html