Inside China & Russia's Basel III Gold Strategy

Inside China & Russia's Basel III Gold Strategy

Miles Harris:  7-10-2025

The global financial crisis of 2008 exposed vulnerabilities in the banking system, leading to the creation of Basel III.

Designed to fortify the global banking system, Basel III aimed to prevent future crises by imposing higher capital and funding costs on assets deemed riskier or less liquid. However, one surprising casualty of this rigorous framework has been the traditional role of gold within commercial banking portfolios.

At its core, Basel III sought to create a more resilient financial landscape. This meant increasing the stability of banks by ensuring they held sufficient capital to absorb potential losses and had adequate liquidity to meet their obligations.

This framework imposes heightened capital and funding requirements on assets deemed riskier or less liquid. Curiously, within this rigorous framework, gold found itself categorized as a “less liquid” asset. This classification immediately introduces significant liquidity costs, making it inherently more expensive for banks to hold.

The most impactful change, however, came with the Net Stable Funding Ratio (NSFR). Even when gold was securely allocated and held, Basel III assigned it a substantial 85 percent funding requirement under the NSFR. This marked a dramatic departure from its treatment under previous regulatory frameworks like Basel II, fundamentally altering the economics of holding gold.

 For any large commercial bank, maintaining significant gold positions essentially became economically unviable, if not “nearly unworkable,” due to these prohibitive costs and capital charges. The rationale being that even highly liquid assets require stable funding sources.

Yet, as major Western banks find themselves effectively deterred from accumulating substantial gold reserves, a contrasting trend emerges from the East. Gold-producing powerhouses like China and Russia have skillfully navigated these regulatory waters. Leveraging their unique positions as primary producers and perhaps national regulatory flexibilities, these nations have been actively amassing significant gold reserves. This divergence creates a fascinating geopolitical dynamic, where the West’s financial regulations discourage gold accumulation by its commercial banks, while key players in the East are strategically strengthening their reserves.

The treatment of gold under Basel III presents a paradox: an asset historically viewed as a safe haven and store of value is now burdened with significant costs for banks.

This regulatory shift raises questions about the long-term implications for global financial systems, the role of central banks versus commercial banks in gold holdings, and the evolving power dynamics in the international monetary landscape.

For a deeper dive into these complex financial mechanics and their broader implications, watch the full video from Miles Harris for further insights and information.

00:00 Intro

01:26 Russia & China's Workaround

 02:12 Inside China's Gold Accumulation Complex

03:45 Russia's Sanction Strategy

05:28 How their banks are doing what the west's can't

 06:53 The Numbers Behind the Strategy

07:43 Basel III: A strategic tool, not a constraint

https://www.youtube.com/watch?v=0vEya9Q9JL8

Iraq Economic News and Points To Ponder Thursday Evening 7-10-25

Iraq Affirms Its Keenness To Enhance Cooperation With The United States

Political | 10/07/2025Mawazine News - Baghdad -  Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein affirmed on Thursday the Iraqi government's keenness to enhance cooperation with the United States.

The ministry said in a statement received by Mawazine News that "Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, met with the Chargé d'Affaires at the US Embassy in Iraq, Ambassador Stephen Fagin." The ministry added that "the meeting discussed the latest developments in the political situation in Iraq, especially the relationship between the federal government and the Kurdistan Regional Government, with a focus on financial challenges and related problems."

He continued, "The two sides touched on the conditions of American companies operating in the Kurdistan Region, and the relations between Baghdad and Erbil regarding the management of oil extracted from fields located within the region."

According to the statement, Fuad Hussein stressed "the importance of reaching realistic solutions that ensure the equitable management of national wealth and achieve the public benefit of Iraq."

During the meeting, the minister affirmed "the Iraqi government's keenness to enhance cooperation with the United States in various fields, and to support political and economic stability in the country, in a way that serves the common national interest."  https://www.mawazin.net/Details.aspx?jimare=263701

Rafidain Bank Announces Raising Electronic Tax Settlements To More Than 4 Trillion Dinars During The First Half Of This Year.

Thursday, July 10, 2025 | Economic Number of reads: 141  Baghdad / NINA / Rafidain Bank announced, on Thursday, that electronic collection settlements increased to more than 4 trillion dinars during the first half of the current year 2025.

The bank said in a statement: "It achieved a qualitative leap in the volume of electronic collection settlements transferred to government departments, as the total settlements implemented in the first half of 2025 exceeded 4.03 trillion dinars, compared to about 1.89 trillion dinars in the same period in 2024, reflecting an annual growth of nearly 113%."

It added, "Data from the Electronic Collection Settlements Department showed an expansion in the base of government agencies activating the system from 1,395 agencies by the end of January 2024 to 1,979 agencies by the end of June 2025, which directly contributed to the escalation of the pace of electronic collection."

He pointed out that "May 2025 recorded the highest monthly settlement value at 761 billion dinars, compared to 571 billion dinars in May 2024, confirming the improvement in the system's operational efficiency and the consolidation of government institutions' confidence in the electronic payment services provided by the bank."

The bank explained that "this performance falls within its comprehensive strategy to support the government's digital transformation program and enhance collection efficiency and public revenues, while adhering to the highest standards of transparency and financial governance, in line with official directives aimed at building an integrated and effective financial system." /End https://ninanews.com/Website/News/Details?key=1240032

The Ministry Of Commerce Reveals The Iraqi Government's Measures To Confront US Customs Duties.

Economy |  10/07/2025  Mawazine News - Baghdad -  The Ministry of Trade confirmed, on Thursday, that the US decision to impose a 30% customs duty on Iraqi imports to the United States is part of the reciprocal tariff policy pursued by the Trump administration to control the US trade deficit.

Ministry spokesman Mohammed Hanoun said in a statement that "these duties directly impact Iraqi exports to the United States, which amounted to approximately $7.4 billion in 2024, with a US trade surplus of $5.8 billion."

He added that "the ministry, in coordination with the Ministries of Foreign Affairs and Finance, has launched a negotiating team" to discuss with the US negotiating team the aim of postponing implementation, reducing tariff rates, or exempting some vital sectors.

Hanoun continued, "The Iraqi embassy in Washington has been tasked with conducting immediate contacts with its American counterparts to explain the extent of the financial and economic impact.

The opening of markets has also been accelerated to reduce dependence on a single export destination, and the agricultural and industrial sectors will be supported to enhance their competitiveness and secure alternative markets."

Regarding burden-sharing and mitigating the domestic impact, Hanoun indicated that "the ministry has developed plans to provide exemptions or partial support to affected small and medium-sized enterprises.

The measures include temporary financial support for Iraqi exporters whose interests are affected by fees, ensuring the speedy processing of customs transactions and logistical procedures, in addition to strengthening infrastructure and legislation.

The government will work to accelerate the economic reform process by amending tax and fee systems and improving the business environment."

Within the framework of a medium-term strategy, Hanoun confirmed that development projects will be added to the 2025 budget to increase local production and boost exports.

 He noted that "the ministry is fully prepared to avoid any negative impacts on supply chains and local product prices. It also affirms the government's commitment to protecting the interests of Iraqi producers and exporters alike, ensuring sustainable economic growth, and diversifying trade partnerships.

The ministry continues to coordinate with all national and international entities to overcome the difficulties resulting from the US decision."  https://www.mawazin.net/Details.aspx?jimare=263697

Last June, Iraq Exported 6 Million Barrels Of Oil To The United States.

Economy | 10/07/2025  Mawazine News - Follow-up  The US Energy Information Administration announced, on Thursday, that Iraq's oil exports to the United States exceeded six million barrels during last June.

The administration stated in a table reviewed by Mawazine News, that "Iraq exported 6.433 million barrels of crude oil to the US during last June, up from 5.548 million barrels last May."

It added that "Iraq exported an average of 213,000 barrels per day of crude oil to the US during the first week of June, while it exported an average of 183,000 barrels per day in the second week, an average of 212,000 barrels per day in the third week, and an average of 164,000 barrels per day in the fourth week."

The US Energy Information Administration explained that "Iraq ranked sixth in its exports to the US during last month after Canada, which ranked first as the largest oil exporter to the US, followed by Mexico, then Saudi Arabia, Brazil, and Nigeria."

The administration noted that "Iraq ranked second among Arab countries as the largest exporter of oil to the United States, after Saudi Arabia, which came in first with exports of 10 million barrels, and Libya came in third with exports of 4.166 million barrels." https://www.mawazin.net/Details.aspx?jimare=263691

Gold Prices Rise Globally

Economy | 04:17 - 10/07/2025   Mawazine News - Follow-up   Gold prices rose today, supported by a weaker dollar and the possibility of a US interest rate cut later in the year, while investors await more details on US trade policy. Spot gold rose 0.4% to $3,327.42 per ounce by 11:08 GMT. US gold futures rose 0.5% to $3,336.40 per ounce.

In the currency market, the dollar index, which measures the value of the greenback against a basket of currencies, fell 0.2%, making gold less expensive for holders of other currencies. https://www.mawazin.net/Details.aspx?jimare=263696

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

Crisis 2033 Is Eight Years Away. Are You Ready?

Crisis 2033 Is Eight Years Away. Are You Ready?

Notes From the Field By James Hickman (Simon Black)   July 8, 2025

US President Dwight D. Eisenhower was absolutely terrified of inflation.

 And that’s really saying something for a guy who had commanded Allied forces against the Nazis, faced down the Soviet Union during the Cold War, and overseen the dawn of the Atomic Age.

 Sure, those threats might seem more serious than a 5% increase in the price of milk. But Eisenhower felt strongly that inflation was a matter of national security.

In a speech on May 19, 1957, for example, Eisenhower told the American public that inflation “weakens the foundation of our defense. We must maintain a dollar that holds its value, for without it, our ability to sustain our military strength and support our allies would falter.”

 And he wasn’t kidding. That same year the US economy fell into recession, and plenty of politicians wanted to stimulate the economy by increasing government spending.

 For example, Congress passed two “make work” bills (HR 9302 and HR 7441) designed to support the economy and boost employment.

 But Eisenhower was true to his word. He felt that excess government spending and deficits would invite inflation… so he vetoed both bills.

 Eisenhower’s resolve turned out to be right; the US economy quickly recovered, and the recession ended in early 1958. The following year, inflation was only 0.7%.

 In fact, inflation averaged just 1.4% during his entire Presidency, with strong economic growth and budget surpluses.

 Things started to change in the 1960s; John F. Kennedy admitted that he knew very little about economics and even confessed that he didn’t know the difference between fiscal policy (government spending) versus monetary policy (the central bank’s control of the money supply).

 Nevertheless, on June 7, 1962, President Kennedy announced his intention to pass a major tax cut.

 At the time Kennedy’s proposal was highly controversial. The US economy was in good shape, inflation was low, and unemployment was low. So, the idea of passing a tax cut (which would almost certainly cause a budget deficit) was seen as reckless… even heretical.

 Kennedy was assassinated before he was able to win enough votes in Congress. But his successor, Lyndon Johnson, took up the mantle and kept pushing for the tax cut.

 He finally succeeded when the Revenue Act was passed in 1964.

 The US economy was in great shape that year. Growth was robust, the job market was heating up, and inflation was low. So, the government deliberately running a deficit to stimulate such a strong economy was still considered bizarre and unnecessary. But they plowed ahead anyhow.

At first the US economy became a rocket ship, growing by a whopping 8.5% in 1965. Unemployment fell to just 4%. And inflation sat at just 1.9%. It was a hell of a year.

 But the boom very quickly started losing steam. Federal Reserve Chairman William Martin even gave a speech suggesting that the economic boom was unsustainable and might lead to a 1929-style crash.

 President Johnson was furious… and even asked his Attorney General if he could fire the Fed Chairman. He couldn’t. So, Johnson instead tried to undermine Martin in every way possible… including pushing him to cut interest rates.

 Investors were aghast at the public feud between the President of the United States and the Chairman of the Federal Reserve. But things only got worse.

 Johnson began demanding that Congress increase military spending to fund the war in Vietnam. Yet he also wanted more spending for his “Great Society” domestic programs-- welfare, Medicaid, federal housing assistance, etc.

 Quite predictably, the US federal deficit ballooned as a result of so much spending. So did the federal bureaucracy, with dozens of new laws, thousands of new regulations, and hundreds of thousands of new federal workers.

 Economic growth stalled (with GDP growth eventually falling to 0%). Inflation rose.

 And investors-- already uncomfortable given the feud between the White House and the Fed-- became very pessimistic about the inflation and the deficits. So, they started demanding higher rates on US government debt to compensate for the additional risk.

 Bond yields on the US government 10-year note, for example, rose from less than 4% when the Kennedy/Johnson tax cut was passed in 1964, to more than 7% at the end of the decade.

 More importantly, foreign governments and central banks began losing confidence in America’s finances. The national debt was rising rapidly, and foreigners began selling (redeeming) their US dollars and holding physical gold instead.

 If this story sounds familiar, it should… because the circumstances are very similar.

The US government passed its One Big Beautiful Bill on Friday, which is essentially a combination of the Kennedy/Johnson 1964 tax cut combined with Johnson’s enormous spending programs.

 Granted the OBBB priorities are totally different-- like cutting Medicaid versus spending more on it. But the end result is a massive deficit spending bonanza that the US simply cannot afford.

 It also comes at a time when the US economy is in reasonable shape and in no need of government stimulus. This deficit will likely invite more inflation and higher interest rates, causing an eventual recession.

 The White House and the Fed are in the midst of their own public feud-- which has shocked investors.

 And foreign governments and central banks have been swapping their US dollars and Treasury holdings for gold at a record pace-- pushing gold to an all-time high.

 The government’s pitiful finances in the 1960s resulted in the painful stagflation of the 1970s. Unfortunately, the extreme irresponsibility of the 2020s may result in something much worse.

 At least back then, the US government only spent around 10% of tax revenue to pay interest on the national debt.

 Today it takes nearly a 25% of revenue. And by 2033, it could easily take 40 to 50% of tax revenue just to cover the interest bill.

2033 is crucial because that’s the year Social Security’s major trust fund will run out of money and require a multi-trillion-dollar bailout. It’s an extremely predictable crisis.

 Look I’m all for tax cuts; they’re clearly linked to more robust economic growth… which the country desperately needs right now.

 But tax cuts are pointless if they are not accompanied by serious spending cuts and major reform-- like overhauling immigration, fixing Social Security, and slashing federal regulations.

 So, if we’re being intellectually honest, it’s important to acknowledge that this OBBB brings the country even closer to Crisis 2033. It’s eight years away, at best. Are you ready?

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/crisis-2033-is-eight-years-away-are-you-ready-153118/?inf_contact_key=bb4de52f37bf887931e2f50bfc682fa63a5186b0959d36194e900cf71a9c9586

Evening News with MarkZ, joined by Dr. Scott Young. 07/10/2025

Evening News with MarkZ, joined by Dr. Scott Young. 07/10/2025

MarkZ Disclaimer: Please consider everything on this call as my opinion.  Be sure to consult a professional for any financial decisions

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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Stablecoins are the Bridge to the New Financial System

Stablecoins are the Bridge to the New Financial System

Wealthion:   7-10-2025

In a recent and truly eye-opening discussion on Wealthion, Chris Perkins, Managing Partner and President of CoinFund, joined forces with macro thinker and founder of Visserlabs, Jordi Visser, to dissect the profound and imminent impacts of AI and crypto on the global economy and investment landscape.

Their conversation wasn’t just about market trends; it was a blueprint for a coming financial and societal revolution.

Jordi Visser laid out a series of audacious predictions, arguing that we are on the cusp of a significant societal and financial shift. His core contention: traditional business cycles are dead, the Fortune 500 as we know it will cease to exist, and Stablecoins are the indispensable bridge to the future.

Visser paints a vivid picture of a world where economic assumptions are fundamentally challenged.

He posits that the familiar rhythm of business cycles, with their predictable booms and busts, is drawing to an end. This isn’t just another downturn; it’s a structural transformation where new paradigms of value creation and destruction will dictate economic flow.

A provocatively bold statement from Visser is his belief that the Fortune 500 will not exist in the 2030s. This isn’t hyperbole, but a sober assessment of how rapidly AI and other disruptive technologies will erode the competitive advantages of established giants.

AI, he argues, will be a merciless force, destroying large, entrenched businesses that fail to adapt. In this new landscape, Visser even suggested a “new party” forming, citing Elon Musk in a broader context, hinting at a political and financial revolution driven by these technological shifts.

Central to Visser’s vision is the role of Stablecoins. He sees them not merely as a niche crypto asset but as a critical linchpin for the future of global finance.

Thanks to pending legislation like the “Genius Act” and the “Clarity Act,” Visser believes investors and financial institutions will increasingly view Stablecoins as the essential bridge between traditional and digital investing.

Crucially, these acts could solidify the U.S. Dollar’s position as the global reserve currency forever, by extending its reach and functionality through a compliant stablecoin infrastructure. Beyond institutional adoption, Stablecoins offer a vital, accessible money alternative for people in countries plagued by volatile local currencies, providing financial stability and a pathway to the digital economy.

The future, as Visser sees it, is a seamless flow from Stablecoin to DeFi to AI, fundamentally impacting developing nations and global foreign exchange (FX) markets, which he identified as “The Next Big Thing.”

The discussion also highlighted a potentially game-changing innovation: Robinhood’s breakthrough act to take private equity public through tokenization.

 This “Robin Hood-like move” could revolutionize access to investment opportunities previously reserved for institutional or accredited investors. By tokenizing private equity, companies could bypass traditional, cumbersome IPO processes, democratizing wealth creation and offering a new liquidity paradigm.

 This represents “The Next Investing Revolution,” opening up a vast new frontier for investors.

While AI is predicted to decimate many established businesses, the panelists also discussed the future of other cryptocurrencies. Visser sees a huge upside coming for Ethereum.

 This potential boom is linked to the emergence of “treasury companies” and institutional adoption, highlighted by ventures like Tom Lee’s new ETH Treasury Company, Bitmine. As more businesses and financial entities explore the benefits of blockchain technology, Ethereum’s ecosystem is poised for significant growth.

However, in this disruptive landscape, Visser believes Bitcoin will ultimately be the “only game in town” when it comes to a truly decentralized, unassailable store of value, particularly as AI’s destructive power reshapes traditional industries.

The discussion on Wealthion with Chris Perkins and Jordi Visser was more than just a market outlook; it was a profound contemplation of a world being rapidly reshaped by technological forces.

From the demise of traditional business cycles and the Fortune 500 to the rise of stablecoins as a global bridge and the tokenization of private equity, the insights offer a compelling, albeit challenging, vision of the future. Investors, institutions, and individuals alike must now grapple with these seismic shifts to navigate and thrive in the economy of tomorrow.

https://youtu.be/pfPOqI--sKc

Iraq Economic News and Points To Ponder Thursday Afternoon 7-10-25

The National Bank's Controversial Monopoly On Remittances: Profits For Jordan, While Iraqi Banks Are Excluded From The Scene.
 
Economy     2025-07-10 | 1,256 views  Alsumaria News – Economic    The issue of foreign remittances in Iraq has sparked widespread controversy in banking and economic circles,  due to what experts describe as an "unprecedented monopoly" of money transfer operations by the National Bank of Iraq (NBI), which has prevented other Iraqi banks from entering the market.

This has, according to observers, deprived the country of significant financial resources and diverted remittance profits to the Jordanian budget, given that the bank is owned by Jordanian individuals.
 
Monopoly In The Remittance Market 
 
experts confirmed Banking to Sumaria News that "the National Bank, with the support of influential parties, has obtained near-exclusive control over foreign remittances from Iraq to other countries,  while the operations of a number of other private Iraqi banks have been restricted and prevented from accessing the electronic remittance platform,  which is managed under the supervision of the Central Bank.

"  They added that "the current situation does not reflect a healthy, competitive economy, but rather resembles a policy of systematic exclusion of some banks in favor of just one bank," warning that "this monopoly opens the door wide to corruption and strikes at the core of the principle of transparency."
 
Profits From Remittances Outside Iraq 
 
In a significant development, informed banking sector sources revealed that "the profits earned by the National Bank from foreign remittance commissions are not recycled within Iraq.

Rather, a large percentage is transferred to Jordan, where they are added to the budgets of the parent companies that own the bank.  This drains hard currency and harms the national economy."
 
A former government financial advisor confirmed to Sumaria News that "what is happening today amounts to a systematic transfer of hard currency from Iraq abroad, through seemingly legal means,  but suspicious in terms of their sovereign and economic impact." He added that  "Iraq is losing huge sums of dollars daily due to these policies."
 
Marginalization Of Iraqi Banks
 
Economists called for an urgent investigation into the remittance mechanism, specifically the reasons why reputable Iraqi banks are being prevented from directly dealing with this issue, despite their possession of the necessary technical infrastructure and expertise.
 
A source at one of the excluded Iraqi banks told Sumaria News,  "The Central Bank does not explain the reasons, and requests from private banks are repeatedly ignored."
 
He asserted that the matter has gone beyond mere competition to become a systematic strangulation of national institutions.

Demands For A Parliamentary Investigation  
 
For its part, the Parliamentary Finance Committee called for "a comprehensive parliamentary investigation into this matter,"  urging the government to "intervene urgently to halt this financial hemorrhage that is draining the state treasury."  She stressed "the need for remittance policies to be transparent and serve the Iraqi economy, not the interests of individuals or foreign companies."
 
The Central Bank Is Under Question
 
Despite Sumaria News' attempts to obtain clarification from the Central Bank of Iraq, the relevant authorities declined to comment, raising further questions about the bank's role in managing this sensitive issue and whether there are plans to restructure the remittance system to ensure fairness and competitiveness.
 
The continuation of this situation puts the reputation of the Iraqi banking sector at risk at a time when the state is seeking to bolster confidence in national financial institutions and attract investment.
 
It appears that continuing to monopolize remittances, while transferring their profits abroad,
will not serve Iraq's economic or political interests.
 
This calls for urgent action by regulatory and legislative authorities to restore order and ensure equal opportunities for all banks   https://www.alsumaria.tv/news/economy/532986/احتكار-المصرف-الأهلي-للحوالات-المثير-للجدل-أرباح-للأردن-ومصارف-عراقية 

Monetary Policy In Iraq, Monetary Stability Approach, And Digital Transformation
 
Samir Al-Nusairi   The book 
"Monetary Policy in Iraq, Monetary Stability Methodology, and Digital Transformation 2023-2025" 
by Iraqi economic and banking advisor Samir Al-Nusairi was recently published by the Balit Center for Printing and Publishing in Baghdad.
 
Copies of the book were deposited at the National Library and Archives in Baghdad for the year 2025.
 
This is the author's thirteenth book during his twenty-year career in executive banking and as a consultant to the boards of directors of Iraqi private banks.

This is preceded by an accumulated economic background and experience of thirty years in governmental economic institutions and important participations in local, Arab and international conferences, during which he won dozens of awards and certificates of appreciation and honor.
 
He also published more than 700 specialized articles on economic and banking reform in Iraqi, Arab and international magazines and newspapers, and gave many lectures to Iraqi university students and participated in their annual scientific conferences.
 
In all his published books, the author has been keen to document and archive the
     journey of challenges,
     achievements,
     policies,
     procedures and
     applications of monetary policy of the Central Bank of Iraq, especially for the period (2003-2025).
 
Dr. Governor of the Central Bank, Ali Mohsen Al-Alaq, reviewed the contents of the book and expressed his thanks and appreciation to Al-Nusairi, wishing him success and urging him to give more in serving the Iraqi economy and banking sector.
 
Professor Dr. Khalil Muhammad Hassan Al-Shamaa also evaluated and valued Al-Nusairi's scientific efforts and gave a detailed presentation of the chapters and topics of the book,  including   its  narratives,  proposals and   solutions to the challenges and obstacles to achieving monetary and financial stability, as well as the  achievements of the Central Bank, with government cooperation and support, in the transition from a cash economy to a digital economy during the years (2023-2025).
 
The evaluation praised the book's inclusion of the most important strategies and policies adopted by the Central Bank of Iraq, as it represents a precise scientific journey by Al-Nusairi that focused on economic and monetary developments in Iraq.
 
The new book includes
     five chapters and
     thirty-three sections.
 
All of these chapters emphasize that economic reform begins with banking reform.
 
In the first chapter, he was able to conduct a precise and comprehensive analysis of the
 opportunities,  challenges, and  steps taken by the Central Bank of Iraq to pursue monetary stability, 
while reviewing the foundations of monetary policy for the years (2023-2024), so that he can complete the banking reform process in 2025 in the new book.

The second chapter comprehensively covered electronic payments, linking digital ransformation with the development of electronic payment programs,along with activation projects.
 
It intelligently explored the relationship between current and future payment system development projects, and provided an assessment of the relationship between this effort and
     information assessment,
     cybersecurity, and
     artificial intelligence.
 
In the third chapter, he focused his efforts on the Central Bank of Iraq's third strategy,
 
defining the strategy's objectives and reform methodology, and addressing key issues such as
     regulating foreign trade financing,
     lending strategy,
     foreign reserve management and hedging policies,
     improving investment, and
     sources of monetary policy.
 
In this chapter, Al-Nusairi was able to link the many banking areas and activities addressed by the reform plan.
 
Chapter Four discusses how government support for the banking reform project can be provided,
as well as the International Monetary Fund's support for the reform plan, with a focus on
     international economic relations and the
     government and Central Bank of Iraq's vision for the comprehensive banking reform process.
 
In the fifth chapter, he addresses the causes of  exchange rate fluctuations and  recovery measures, emphasizing the relationship between the exchange rate, the financial and banking reform process, the relationship between the official and parallel dollar exchange rates, government decisions, and strategies for enhancing confidence in the banking sector.

 
Thus, the author was able to expertly compile a synthesis of contemporary topics.
 
At the end of the book's presentation,  we wish Counselor Samir Al-Nassiri continued success in this successful academic journey.  views 725     https://economy-news.net/content.php?id=57142   

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 7-10-25

Good Afternoon Dinar Recaps,

Trump Administration Imposes 50% Tariff on Brazilian Imports

In a dramatic escalation of trade tensions, the Trump administration has announced a sweeping 50% tariff on all Brazilian imports, citing political censorship, judicial overreach, and unfair trade practices as justification.  The move, shared via President Trump’s Truth Social account, has been swiftly condemned by Brazilian President Luiz Inácio Lula da Silva, who promised reciprocal action under Brazil’s Economic Reciprocity Law.

Tariffs Justified by Bolsonaro’s Treatment and Social Media Censorship

President Trump claimed the new tariffs were necessary due to Brazil’s “unjust treatment” of former President Jair Bolsonaro in the courts and the nation’s legal actions against U.S.-based social media platforms.

“The U.S. must move away from a longstanding and very unfair relationship created by Brazil’s tariff policies,”
— President Donald Trump

According to Trump, the trade imbalance and court-ordered censorship in Brazil have become a “major threat” to the U.S. economy and national security. He emphasized that any retaliatory tariffs issued by Brazil would trigger additional levies beyond the initial 50%.

Brazil Responds: “We Will Not Accept Tutelage”

President Lula issued a strong response on X (formerly Twitter), asserting Brazil’s sovereignty and defending its judicial system:

“Any unilateral tariff increases will be addressed in accordance with Brazil’s Economic Reciprocity Law.
Sovereignty, respect, and the unwavering defense of the interests of the Brazilian people are the values that guide our relationship with the world.”
— President Luiz Inácio Lula da Silva

Lula rejected the tariffs outright, asserting that Brazil “will not accept any tutelage” and reaffirmed the legitimacy of Brazil’s legal system in addressing both domestic and international concerns.

Tariffs May Affect 22 Countries — BRICS in the Crosshairs

The 50% import levy is not exclusive to Brazil. Trump reportedly sent similar letters to 22 countries, imposing unilateral tariffs up to 50%, all set to take effect August 1st. Among them, Brazil appears to face some of the steepest penalties.

While Trump also threatened BRICS and allied nations with an additional 10% tariff for promoting what he calls an anti-American agenda, it remains unclear if this will directly affect Brazil, which has advocated for de-dollarization and multipolar trade. Notably, there was no mention of the BRICS penalty in Trump’s letter to Lula.

Geopolitical and Economic Implications

This move signals a return to aggressive tariff diplomacy under Trump’s second-term foreign policy, prioritizing U.S. national interests and economic leverage over multilateral engagement.

If fully implemented, these tariffs could:

• Strain U.S.–Brazil relations

• Undermine BRICS' push for non-dollar trade settlements

• Trigger retaliatory measures that may affect agricultural, industrial, and energy exports

Conclusion: Trade War or Political Posturing?

The Trump administration’s tariff blitz is set to redefine the U.S.–Brazil economic relationship. Whether this leads to a full-scale trade war or forced negotiations will depend on how Brazil and other targeted nations respond in the coming weeks.

With Trump signaling zero tolerance for anti-American narratives, and Brazil doubling down on economic sovereignty, global markets will be watching closely ahead of the August 1st enforcement deadline.

@ Newshounds News™
Source: Bitcoin.com   

BRICS Omits De-Dollarization & New Currency at 2025 Summit

Despite growing expectations, BRICS leaders made no mention of de-dollarization or the formation of a new common currency during the 17th annual summit, held in Rio de Janeiro this past Sunday and Monday. The two-day event, which has in the past strongly emphasized building an alternative to U.S. dollar dominance, concluded without major economic policy announcements.

Significantly, Chinese President Xi Jinping and Russian President Vladimir Putin did not attend the summit, with proceedings instead led by India’s Prime Minister Narendra Modi and Brazil’s President Luiz Inácio Lula da Silva.

De-Dollarization and Common Currency Left Off the Agenda

The absence of any discussion on launching a new BRICS currency or reducing dependence on the U.S. dollar marks a sharp departure from the bloc's earlier rhetoric. These topics were central to past summits and widely promoted as pillars of the BRICS agenda aimed at restructuring global financial power.

However, the 2025 summit offered no policy progress or roadmaps for either initiative.

“The development indicates that the bloc is not serious about the issues and is only beating around the bush,”
— Watcher.Guru analysis

Instead of bold declarations, BRICS members limited financial discussions to voluntary bilateral trade using local currencies, a step seen as symbolic rather than systemic.

Discontent with IMF and World Bank Still Front and Center

Although de-dollarization was not formally addressed, the alliance continued to criticize Western-led financial institutions. Leaders expressed frustration with the International Monetary Fund (IMF) and World Bank, accusing both of bias toward the U.S. and other Western powers while neglecting the needs of the Global South.

They argued that the current global financial order remains skewed, offering insufficient access to credit and capital for developing economies—particularly those in Africa, Latin America, and Southeast Asia.

Summit Lacks Momentum Without Russia and China

The absence of key players like Russia and China may have contributed to the lack of strategic direction at the summit. Their presence has historically driven the more ambitious aspects of the BRICS agenda, particularly in currency and trade realignment.

Without them, the summit felt cautious and subdued, leading many to question whether BRICS still holds the resolve to challenge the U.S.-led financial system.

What’s Next for BRICS?

While de-dollarization and the proposed BRICS currency were sidelined at this year’s summit, officials stopped short of abandoning these ambitions entirely. Leaders emphasized that trade in local currencies will remain an option and may become more formalized in the future.

Still, the lack of clarity or commitment suggests that BRICS is struggling to present a unified financial vision amid growing global attention on multipolarity.

Whether this pause is temporary or reflective of deeper divisions within the bloc remains to be seen.

@ Newshounds News™
Source: Watcher.Guru 

~~~~~~~~~

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BRICS+ are Big Enough to Dethrone the Dollar

BRICS+ are Big Enough to Dethrone the Dollar

Liberty and Finance:  7-9-2025

Financial expert Andy Schectman delivered a compelling address at the recent 2025 Rural Symposium on Natural Resource Investing, shedding light on major geopolitical and monetary developments centered around the burgeoning BRICS nations.

His presentation painted a picture of a rapidly evolving global financial landscape, one increasingly designed to operate independently of U.S. financial.

Schectman emphasized how strategic moves by key players are coalescing to form an entirely new financial infrastructure.

He highlighted the significant role of the Shanghai Metals Exchange and the groundbreaking launch of the M-Bridge settlement platform as foundational elements.

According to Schectman, these initiatives are paving the way for a financial system that is not only decentralized and gold-backed but also transparently audited via blockchain technology – a stark departure from the current U.S.-centric model.

The implications, Schectman warned, are profound. These developments, which include the expansion of multi-jurisdictional gold vaults and the accelerating internationalization of the Chinese yuan, pose a direct challenge to the U.S. dollar’s longstanding role.

 He cautioned that these initiatives threaten not only the dollar’s preeminent status in global trade settlement but potentially its critical reserve currency status.

Schectman underscored the strategic significance of these BRICS-aligned initiatives, noting their expansion to include an increasing number of non-member nations.

Critically, he pointed out that this emerging financial framework is being built specifically to circumvent transactions settled in the U.S. dollar, Euro, and British Pound. Schectman also took a moment to acknowledge and credit long-time investment strategist Rick Rule for his insightful guidance, suggesting these shifts align with broader, often overlooked, macro trends.

Concluding his address, Schectman issued a strong call to action, urging people to look beyond mainstream narratives regarding global finance.

He advised proactive engagement and informed decision-making, stressing that these monumental developments are progressing at an accelerated pace and will soon become too obvious to ignore for those who choose to remain uninformed.

For a deeper dive into Andy Schectman’s insights and the full context of his presentation, viewers are encouraged to watch the complete video available from Liberty and Finance.

https://youtu.be/iGD5PlU-y-A

Thursday Coffee with MarkZ. 07/10/2025

Thursday Coffee with MarkZ. 07/10/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning one and all……hoping today is a great day

Member: I think I may be more confused now than in 2020! I know they said it be chaotic, but Damn

Member: Are paymasters those that will pay us- Will Zurich kick off the RV?????

MZ:  Paymasters are for private, pre-arranged exchanges. More for bond holders than currencies. It’s the banks that will pay us.

Member: Mark, who is exactly in charge of the RV? Military, Treasury, Foreign actions, etc.? Hard to know sometimes.

Member: I am also wondering-  who exactly is pulling the cord for the RV? Hard to know sometimes…Trump, Iraq, BRICS, Military, Treasury…. Who’s on first?

Member: Everything is on the pulse of July 14th deadline for ISO20022 Basel III compliance for all US banks...14th...15th???

Member: My wife bank is scrambling for ISO 20022

Member: one of my banks sent message they were closing ATMs and mobile banking 11th/13th....now my other bank sent similar message

Member: I think that the iso needs to come in to bring in blockchain, and I think it is necessary for the qfs. and then after that I think this is necessary for r. revaluation

Member: I believe it won’t go until ISO20020 is achieved

Member: Are we going to see a rate this week?

MZ: I don’t know. A very large segment of my bond groups think we will get a rate over the weekend.. But nothing concrete. It’s very clear they are trying to cloud the timing.

MZ: There are more expectations they will get spendable, usable dollars …some say they signed final contracts and should get funds this weekend. Other contacts are quiet and have gone MIA.

Member: This weekend works for me!!!!

MZ: Cross your fingers and hope.

Member: with all the banks updating this weekend….for Fednow and Iso202200….its possible.

Member:  When is Iraq going to announce that the oil is flowing. Are the waiting on a rate first?

Member: July14th, top court to hear key cases on delayed Kurdistan salaries. Erbil, Kurdistan Region - Iraq’s Federal Supreme Court is set to review two critical lawsuits on Mon concerning the delayed payout

Member: How is Iraq able to put in so much infrastructure with low currency valuation?

Member: Iraq could keep a suppressed rate when using dollars but they are no longer using the dollars. They have to increase their rate or they’ll go down.IMO

Member: Anyone ever get the feeling Iraq doesn’t want to revalue their currency?

MZ: Many countries are positioning for Iraq being on the international stage. Including India and Kuwait. Many are waiting on this new rate. Of course it is happening

MZ: “American Magazine: Iraq quietly restores its role in International trade” Lots happening behind the scenes like the development road project.

MZ: “The KRG (Kurdistan) has notified the US that they will only allow Baghdad 48 hours to make a decision regarding the issue of funding the Kurdistan regions cival servant employees salaries” This is 48 hours from yesterday afternoon.  This should force a conclusion for the oil and gas law…hopefully this week. We should get a decision within 48 hours.

MZ: Lots of thigs appear to be aligning. We need to get off “stuck”

MZ: This one is showing up in my inbox from some panicked individuals. “ IMF comments on Iraq dinar exchange rate”  It projects the average exchange rate of the dinar against the US dollar as 1300….the same as 2024. Just a reminder- A similar statement came out the week before and the day of the Kuwait revaluation.

Member: Heard someone say that the RV could occur after the XRP/Ripple case is likely resolved next week. It just goes to show what don't know when or what the trigger will be.

Member: thanks for the encouraging news today Mark. Everyone enjoy your day.

Member: Stay positive and never quit!!!

StacieZ joins the stream today. Please listen to the replay for her information and opinions.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=vg4kkTdIZfw

News, Rumors and Opinions Thursday 7-10-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 9 July 2025

Compiled Wed. 9 July 2025 12:01 am EST by Judy Byington

Possible Timing Global Currency Reset:

Late Mon. 14 July EST Banks worldwide (allegedly) reset value of different nation’s currencies.

Late Thurs. 17 July EST new value of currencies(allegedly)  becomes active worldwide. The change in value shows up first in energy prices, then in food prices and finally on mainstream tickers.

As a side note: The Federal Reserve’s implementation date is (allegedly) set for July 14, 2025. This means that on Friday July 11, 2025, at 7pm ET the current Fedwire® Funds Service FAIM wire format will(allegedly)  end and when the Federal Reserve opens Sunday July 13, 2025 at 9pm ET (business date is Mon. 14 July ) the new ISO® 20022 format supersedes. Any wires in the FAIM format will be rejected by the Federal Reserve. This implementation will bring changes to current wire terminology, requirements, wire types and fields.

On Mon. 14 July at 8:33 pm EST: (Tues. 15 July 2025 at 03:33 UTC Universal Time which is 8 hours ahead of Eastern Standard Time, or Mon. 14 July 8:33 pm EST), the Bank Currency Reset to gold/asset-backed currencies called Operation Chrysalis, (allegedly)  goes live. Treasury nodes will (allegedly) switch from mirrored to primary control, which will make all old banking rails read-only. If a payment processor doesn’t handshake within the first 11 milliseconds, its ledger will be frozen until a manual audit clears it.

On Thurs. 17 July EST (Friday 18 July 2025 UTC) Rainbow currency change of value(allegedly)  becomes active. Take note of the liquidity paths that Tier 2 commerce hubs can use. Each country that takes part gets its first draw in twelve-hour chunks. Fiat leaves in the same heartbeat. Don’t wait for the news to confirm it. The change in value shows up first in energy prices, then in food prices, and finally on mainstream tickers.

Tues. 8 July 2025 Wolverine: We are pleased to share a significant development: during a specialized operational conference held last night, it was officially confirmed that both the U.S. Treasury and the Department of Defense (DoD) have (allegedly) given final authorization for the payments. God bless you all. Wolverine

Tues. 8 July 2025 Wolverine: “The leader from the Pentecostal has finally released the funds to her leaders. They will be given the day and the hour when they have to go to the banks to be able to receive the blessing which is spendable money and be able to release those funds to their members. The owner has now (allegedly) finished what she promised she will do after more than 20 years. This is history in the making guys.

~~~~~~~~~~~~

Global Financial Situation:

Tues. 8 July 2025: TRUMP’S $150 TRILLION BOMBSHELL — THE 161-YEAR SECRET THAT WILL CRUSH GLOBALISM AND TRIGGER NESARA/GESARA …Donald J. Trump WH on Telegram

While the world drowns in distractions, President Donald J. Trump just (allegedly) stepped into the most powerful economic position in modern history. Hidden beneath the surface for 161 years lies a $150 trillion resource trust — now (allegedly) legally unlocked. Copper, lithium, uranium, rare earths, oil, gold. Enough to erase national debt, end globalist control, and rebuild sovereignty from the ground up. And now, Trump(allegedly)  has full access.

For decades, the Chevron Doctrine acted as the cage. It gave unelected agencies total control over America’s natural wealth, land, and economy. Globalists used it to bury this inheritance while feeding the world illusions through fiat currency, debt, and foreign trade traps. But that’s (allegedly) over. The Supreme Court has overturned the Chevron Doctrine. The legal lock is gone. The vault is open. And Trump(allegedly)  has the code.

This isn’t about campaign promises. It’s about economic liberation. With Chevron dead and the trust exposed, Trump is positioned to unleash the most powerful financial reset in human history — not through banks, but through real value. Energy. Infrastructure. Sovereign-backed digital systems. Trump isn’t just returning to the White House. He’s returning as executor of a new operating system. And the elites are terrified.

This aligns with everything NESARA and GESARA stood for. Once mocked, now unstoppable: (allegedly) erasing illegitimate debt, restoring sound money, and ending corporate government slavery. Trump’s moves — energy independence, gold-backed systems, dismantling the Fed, expanding QFS — have all been steps toward this convergence. The $150T trust isn’t just wealth. It’s the fuel for a new civilization.

While the media sells crisis and courtroom drama, elites are shifting quietly: XRP, gold, rare earth ETFs, tokenized energy and land assets. The global monetary game is changing in silence. The public won’t hear about it until it’s too late to catch up. But patriots who understand NESARA know — this is the framework loading behind the curtain.

The wealth is real. The court has ruled. The legal leash is cut. Chevron’s fall means America’s resource cage is broken. Trump holds the ignition key. No more globalist debt systems. No more fabricated scarcity. No more foreign dependence. The trust is real, and it’s being activated. Silently. Strategically. Irrevocably.

This is not politics. This is the fall of fiat, the rise of sovereignty, and the true beginning of GESARA. While others argue over headlines, the system is already being rebuilt — by Trump, by QFS, by the Constitution.

The silence is the signal. The trust is the trigger. And history is about to flip.

Read full post here:  https://dinarchronicles.com/2025/07/09/restored-republic-via-a-gcr-update-as-of-july-9-2025/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat  We can clearly see that Iraq is ready to reinstate their currency and go global with it. It could not be any clearer now. But first there is work to be done with Iran...my CBI contact has been relaying to me from my conference calls to Iraq and she was spot on! She said many times that, right now “it’s all about Iran”. 

Frank26  Trump threw a curveball at my teams...We don't believe in a GCR but we do believe that, oh my goodness, something is about to crack with currencies around the world.

Frank26  Article "Prime Minister's Advisor: Iraq is qualified to become a regional financial center with four strategic powers."  This is an insult.  How dare you tell me Iraq is going to become the financial hub in the Middle East at 1310...Be...wise enough, astute enough...confident enough to know none of this is at 1310...You're smart enough, wise enough, savvy  enough, you know what these articles are doing.  They're telling you everything (Asraflak) about monetary reform without giving you a new exchange rate because if they give you a new exchange rate then they got to also give you the lower notes.  Those 2 are as top secret as you can get. 

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

FRANK26…..7-9-25……ALOHA….BANK SHOT

https://www.youtube.com/watch?v=00TKq5jDIoI

Iraq Economic News and Points To Ponder Thursday Morning 7-10-25

18 Islamic Banks Banned From Dealing In Dollars...And Liquidation Looms!
 
July 8, 2025 Last updated: July 8, 2025  Al-Mustaqillah/- In a move that sparked widespread controversy within economic circles,  data from the Central Bank of Iraq revealed the inclusion of a group of Islamic banks on a list of banks prohibited from dealing in dollars.
 
This raised questions about the true reasons and motives behind this move, as well as the repercussions it could cast a shadow over the future of these banks and the Islamic financial sector as a whole.

List Of Banks Covered By The Ban:
 
    Elaph Islamic
    Kurdistan International Islamic Bank
    Islamic Cooperation
    Islamic Giving
    Islamic Advisor
    Islamic world
    Islamic South
    Islamic Arabic
    Light of Islamic Iraq
    Zain Iraq Islamic
    International Islamic
    Islamic Clutch
    Al-Ansari Islamic Bank
    International Islamic Trust
    Al Rajhi Islamic
    Islamic paper
    Asia Islamic Iraq
    Islamic Spectrum
    Islamic money
 
What Are The Reasons For The Ban?
 
Despite the absence of an official, explicit explanation from the Central Bank,
informed sources point to several possible reasons, most notably:
 
    Suspicions of dollar smuggling are now being leveled against several Iraqi banks as Washington and Baghdad seek to control the black market and reduce currency smuggling to neighboring countries.

    Failure to comply with international financial compliance standards, particularly those related to anti-money laundering and counter-terrorist financing (AML/CFT) standards.
 
    Some of these banks are linked to names or entities subject to US sanctions, which automatically places them under suspicion,even without an official announcement from the US Treasury Department.
 
    The weakness of internal control systems in some of these banks makes them fertile ground for violations or illegal uses of the dollar.
 
Serious Repercussions: Liquidation Is Imminent?
 
According to an informed economic source for Al-Mustaqilla,
 
some banned Islamic banks may be headed for voluntary or forced liquidation in the coming period,
given their inability to continue financial operations without dealing in dollars.
 
The dollar is a vital nerve in the Iraqi economy, whether for trade, transfers, or international client obligations.
 
What Does This Mean For The Islamic Financial Sector?
 
    Declining trust: Customers may lose confidence in Islamic banks in general,
even those not covered by the ban.
 
    Increased pressure on other banks: As these banks exit the dollar market,
customers will turn to other banks, potentially causing congestion or pressure on their services.
 
    Implications for investors: Especially those who use these banks as intermediaries to finance projects or investments based on foreign currency.
 
Where Are Things Headed?
 
The ball is now in the court of the Central Bank of Iraq, which is expected to provide an official and transparent explanation of the reasons behind the ban, to ensure it does not create a financial panic and reassure the local market and investors.
 
Islamic banks subject to the ban must also take the initiative to quickly settle their legal and commercial situations and work to improve compliance systems, to avoid escalating the situation to the point of liquidation or cancellation of the license.    
  
https://mustaqila.com/حظر-18-مصرفاً-إسلامياً-من-التعامل-بالدول/    
    

New Banking Sanctions Shake Iraq's Financial Sector Amid Mounting US Pressure.
  
Iraqi investment in the grip of the US dollar.  July 8, 2025 Last updated: July 8, 2025
 
Al-Mustaqilla/ - The Central Bank of Iraq announced the inclusion of a number of investment banks on a list of those banned from dealing in US dollars,
 
a move that sparked widespread concern in economic and financial circles and brought to the forefront old questions about the future of the Iraqi banking system in light of growing international pressure.
 
List Of Banks Covered By The Ban
 
The list published by the Central Bank on its official website included 12 private investment banks, the most prominent of which are:
 
    Middle East Iraqi Investment Bank 
    Iraqi Investment Bank 
    Dar Al Salam Investment 
    Babylon consumption 
    Sumer Commercial Bank 
    Mosul Bank for Development and Investment 
    Union Bank of Iraq 
    Ashur International Investment Bank 
    Trans-Iraq Investment Bank
     Al-Huda Bank
     Erbil Investment and Finance Bank
     Hammurabi Commercial Bank
 
US Pressure And Undeclared Sanctions
 
Although the Central Bank has not issued an official explanation regarding the reasons for the ban,
an informed source told Al -Mustaqilla that the decision is linked to indirect US sanctions,
based on suspicions regarding these banks' failure to comply with anti-money laundering and foreign transfer standards, in addition to their weak financial compliance systems.
 
The source explained that some of these banks may face liquidation in the near term,
as a result of international isolation and the freezing of their dollar transactions,
which will make it more difficult for them to continue operating in the local market.

 Attempts To Comply And Return To The Global Financial System
 
In contrast, some of the banned banks have begun taking steps to rectify their situation.
 
They are working to improve their compliance and internal control systems,  contracting with international financial audit firms, and seeking to open channels of negotiation with US and international entities to ease the measures imposed on them.
 
Worrying Repercussions For The Iraqi Market
 
The decision directly impacted the Iraqi market, particularly with regard to investor confidence,
project financing, and imports.
 
Among The Most Significant Potential Repercussions:
 
    The dollar exchange rate rose on the parallel market as a result of reducing the number of banks allowed to trade it.
 
    The banking sector's ability to finance major investment projects has declined.
 
    Withdrawal of local and foreign capital in search of a more stable financial environment
 
Urgent Banking Reforms To Avoid Collapse
 
Observers believe that what is happening does not amount to a passing crisis,  but rather represents a critical test of the Iraqi financial system's ability to reform and remain within the global financial system.
 
In this context, the need to implement radical reforms, including
 
    Updating the legal structure of banking supervision
 
    Enhancing transparency and financial disclosure
 
    Re-evaluating the role of investment banks in the national economy
 
The Window For Reform Is Narrowing
 
Recent developments confirm that Iraq stands at a critical financial crossroads,
requiring clear political and banking will to implement genuine reforms before the banking system loses what remains of internal and external confidence.    https://mustaqila.com/عقوبات-مصرفية-جديدة-تهز-القطاع-المالي/    

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