Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Wednesday Morning 7-23-2025

TNT:

Tishwash:  Transforming Iraq into a regional hub: Establishing a "Global Gold City" in Baghdad

The Iraqi Ministry of Trade has announced the establishment of a dedicated city for the gold and jewelry industry in the Iraqi capital, Baghdad.

The aim is to localize the precious metal industry and boost local production within the country, "which will contribute to transforming Baghdad into a regional center for the gold industry and trade."

TNT:

Tishwash:  Transforming Iraq into a regional hub: Establishing a "Global Gold City" in Baghdad

The Iraqi Ministry of Trade has announced the establishment of a dedicated city for the gold and jewelry industry in the Iraqi capital, Baghdad.

The aim is to localize the precious metal industry and boost local production within the country, "which will contribute to transforming Baghdad into a regional center for the gold industry and trade."

 The ministry announced in a statement on Wednesday, July 23, 2025, that the Ministerial Council for the Economy had approved the proposal submitted by the Ministry of Trade to establish a "Global Gold City" in Baghdad. The ministry described the move as "strategic, aiming to localize the gold and jewelry industry within Iraq and boost local production."

Minister of Commerce, Athir Dawood Al-Ghurairi, emphasized in this regard that "the project represents a qualitative leap in the development of national industries," noting that "the city will include an integrated system that includes specialized industrial units, advanced training centers for goldsmithing according to international standards, as well as advanced markets and an exchange for gold and jewelry."

For his part, Director General of the Department of Foreign Economic Relations, Riyadh Fakher Al-Hashemi, explained that "the project aims to support the private sector and expand its contribution to the national economy," noting that "the city will be established within the integrated economic city in Baghdad, contributing to transforming the capital into a regional center for the gold industry and trade."

According to Al-Hashemi, the ministry has begun coordinating with the National Investment Commission to complete the requirements for land allocation and issue investment licenses in preparation for the project's implementation.  link

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

Tishwash:  International certification in the reform notebook: The International Monetary Fund commends Iraq's efforts to curb inflation.

In a move that may reflect a tangible shift in Iraq's economic policy, the country received official praise from the International Monetary Fund for its efforts to curb inflation.

 Economists consider this a positive indicator of the effectiveness of the policies adopted by the government and the Central Bank over the past period.

Economic expert Nasser Al-Tamimi told Baghdad Today on Tuesday (July 22, 2025) that “the IMF’s praise represents a reassuring message to the international community and investors, and reflects the seriousness of the economic policies that Baghdad has recently adopted.” He added that “Iraq has faced major inflationary challenges in recent years as a result of internal and external factors, including fluctuations in oil prices and disruptions in supply chains, in addition to political and financial pressures.”

Al-Tamimi pointed out that "the improvement in inflation indicators is the result of balanced monetary policies, including tightening monetary policy tools, enhancing market oversight, and maintaining the stability of the dinar exchange rate, which helped prevent price increases and protect citizens' purchasing power."

However, he stressed at the same time that this praise "is not the end of the road, but rather the beginning of a long reform journey," emphasizing "the need to continue addressing structural gaps in the economy, expanding the revenue base beyond oil, and monitoring global developments that may impact price levels in the country in the future."

Al-Tamimi concluded his statement by saying, "The IMF report provides a strong impetus to the economic reform process, while simultaneously placing an additional responsibility on decision-makers to continue the corrective approach and achieve comprehensive and sustainable development that serves citizens first and foremost."

Economists believe that the Iraqi economy has faced significant inflationary challenges in recent years, influenced by a number of factors, most notably fluctuations in global oil prices, which represent the state's primary source of revenue. In addition, internal political and security crises and disruptions to global supply chains, particularly following the COVID-19 pandemic and the war in Ukraine, have also contributed to this.

In 2021 and 2022, Iraq recorded relatively high inflation rates, which negatively impacted the prices of goods and services and affected the purchasing power of citizens, particularly those with limited income.

In response, the Central Bank of Iraq adopted a more restrictive monetary policy, raising interest rates, strengthening oversight of banking activity, and attempting to stabilize the dinar's exchange rate against the dollar despite market volatility.    link

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

Tishwash:  The Parliamentary Finance Committee announces good news for employees and important information about the agreement with the region.

The Parliamentary Finance Committee revealed a government plan to issue bonuses and promotions without linking them to budget schedules.

Committee member Moeen Al-Kadhimi said during his appearance on the "Free Talk" program on Al-Furat satellite channel: "It is likely that in the coming period, Prime Minister Mohammed Shia Al-Sudani will instruct the Ministry of Finance to release bonuses and promotions for employees and not link them to budget schedules."

He added, "After hosting Finance Minister Taif Sami, the discussion focused on the reasons for the delay in the budget schedules, the liquidity shortage, and employee salaries, bonuses, and promotions," noting that "she emphasized covering basic needs through oil and non-oil revenues."

Al-Kadhimi noted that "the current oil price of $65 a barrel is sufficient to cover monthly salaries, given continued exports and budget allocations." He added that "each of the three-year budgets, estimated at 150 trillion dinars annually, can cover salaries and stalled projects without the need to create new ones."

Regarding non-oil revenues, he explained that "their percentage does not exceed 12% currently," calling for "a gradual plan to raise the percentage to 50% by strengthening collection, taxes, and border crossings with support from political blocs and the government."

Regarding the region's affairs, Al-Kadhimi asserted that "oil and non-oil revenues in Kurdistan amount to 9 trillion dinars annually, but the federal government is not receiving the actual figures and the region is refusing to pay." He added that "the government, out of appreciation for the employees' circumstances, has released a one-month salary allowance despite the region's shortcomings."

He pointed out that "Baghdad paid 700 billion dinars in salaries to the region for the month of June, compared to only 120 trillion dinars paid by the region as an initial attempt to resolve the crisis," adding that "the crisis of trust and credibility was the main reason for the previous funding obstruction."

Regarding the Ceyhan oil pipeline, Al-Kadhimi stated that "Turkey has presented new conditions related to compensation, doubling transit costs, and participation in gas projects and Kurdistan fields." He emphasized "the need for the Iraqi government to move to negotiate during the current year, especially since Iraq possesses strong leverage."

He called for "opening alternative export routes via the Red Sea, Syria, Jordan, and Saudi Arabia as emergency options," stressing his "rejection of a Turkish incursion into Iraqi territory, given that the Kurdistan Workers' Party (PKK) no longer exists." He also warned against "continued violations of sovereignty and the arrival of Turkish forces on the outskirts of Mosul."

Al-Kadhimi concluded by stressing "the importance of leveraging the economic card, particularly the water issue, to pressure Ankara and put an end to its security interventions within Iraqi territory." link

Mot:  Those Were the Daze My Friend ~~~~~

Mot: Sumthun bout Summer I Guess  

 

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

Kill the Dollar, Save the System? The Secret U.S. Gold Reset Plan

Kill the Dollar, Save the System? The Secret U.S. Gold Reset Plan | Schectman & Makori

Miles Franklin Media:  7-22-2025

Michelle Makori, Editor-in-Chief and President of Miles Franklin Media, sits down with Andy Schectman, CEO and Founder of Miles Franklin Precious Metals, in the debut episode of ‘The Real Story’ to explore what could be the most radical monetary reset in U.S. history.

With the U.S. national debt soaring past $37 trillion and global trust in the dollar crumbling, Schectman reveals a covert plan to reintroduce gold into the U.S. financial system in order to save the Treasury – even if it means “sacrificing” the dollar.

Could U.S. government insiders be preparing to reset the system?

Kill the Dollar, Save the System? The Secret U.S. Gold Reset Plan | Schectman & Makori

Miles Franklin Media:  7-22-2025

Michelle Makori, Editor-in-Chief and President of Miles Franklin Media, sits down with Andy Schectman, CEO and Founder of Miles Franklin Precious Metals, in the debut episode of ‘The Real Story’ to explore what could be the most radical monetary reset in U.S. history.

With the U.S. national debt soaring past $37 trillion and global trust in the dollar crumbling, Schectman reveals a covert plan to reintroduce gold into the U.S. financial system in order to save the Treasury – even if it means “sacrificing” the dollar.

Could U.S. government insiders be preparing to reset the system?

Makori breaks down Schectman’s thesis:

How the BRICS nations are building a gold-backed payment system to bypass SWIFT

Why the U.S. may be secretly stockpiling gold under the guise of national security

And how a gold-backed Treasury bond could be launched as early as July 4, 2026

This is the real story of de-dollarization, gold revaluation, and the silent financial war already underway.

Key Takeaways:

The dollar is being deliberately weakened amid exploding debt and soaring interest payments

U.S. insiders may be preparing a gold-based monetary reset to save the Treasury

Gold imports into the U.S. have quietly surged – who’s buying, and why?

China is rolling out a gold-linked yuan settlement system, bypassing the dollar

The BRICS bloc may have been sabotaged by the BIS, but China is advancing alone

Why the beginning of a new financial system could be less than 12 months away

Introduction: First Episode of The Real Story with Michelle Makori

 01:23 The National Debt Crisis

02:40 BRICS Nations and Gold

06:53 BRICS' Gold-Backed Currency Plans

09:02 China's Global Payment System

11:37 The Role of Gold in Global Trade

22:19 The Future of Global Financial Systems

35:49 U.S. Response to Global Financial Shifts

44:11 The Triffin Dilemma and the World Reserve Currency

48:18 Military Action

54:49 Secret Gold Accumulation & National Security

01:00:10 Gold Bonds and Future Economic Plans

01:21:22 Gold Revaluation 01:34:39 The Role of Stablecoins

01:37:47 Gold vs. Bitcoin

https://www.youtube.com/watch?v=D0FMyYLLcCs

 

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Iraq Economic News and Points To Ponder Tuesday Evening 7-22-25

Kurdistan Deposits 120 Billion Dinars Of Its Non-Oil Revenues Into The Federal Finance Account.
 
July 22, 2025   Erbil/Iraq Observer  The Kurdistan Regional Government's Ministry of Finance and Economy announced on Tuesday that  the state treasury's share of non-oil revenues  has been deposited into the federal Ministry of Finance's bank account.  The Kurdistan Region's Ministry of Finance stated in a statement received by Iraq Observer that  "the Kurdistan Region's non-oil revenues for May 2025, amounting to 120 billion dinars, have been deposited in cash into the federal Ministry of Finance's bank account  at the Erbil branch of the Central Bank of Iraq."

Kurdistan Deposits 120 Billion Dinars Of Its Non-Oil Revenues Into The Federal Finance Account.
 
July 22, 2025   Erbil/Iraq Observer  The Kurdistan Regional Government's Ministry of Finance and Economy announced on Tuesday that  the state treasury's share of non-oil revenues  has been deposited into the federal Ministry of Finance's bank account.  The Kurdistan Region's Ministry of Finance stated in a statement received by Iraq Observer that  "the Kurdistan Region's non-oil revenues for May 2025, amounting to 120 billion dinars, have been deposited in cash into the federal Ministry of Finance's bank account  at the Erbil branch of the Central Bank of Iraq."

Under the agreement signed between the Kurdistan Region and Iraq, the Kurdistan Regional Government is required to   hand over oil to SOMO and  send non-oil revenues to the federal treasury in the amount of 120 billion dinars per month.
 
The Iraqi government then sends salaries.
 
The last time the Kurdistan Regional Government received salary payments from Baghdad was 959 billion and 514 million dinars, which were deposited into the Kurdistan Region's Ministry of Finance's bank account on May 13. https://observeriraq.net/كوردستان-تودع-120-مليار-دينار-من-إيرادات/   

Oil To Baghdad Today: Initial Agreement With Kurdistan To Deliver 230,000 Barrels To SOMO

Today's Economy , 20:29 | 183  Video   Baghdad Today – Baghdad  The Undersecretary of the Ministry of Oil, Bassem Mohammed Khudair, revealed today, Tuesday (July 22, 2025), that  a preliminary agreement had been reached with the Kurdistan Regional Government to deliver 230,000 barrels of oil per day to SOMO, while indicating that the ministry hopes to announce a final agreement soon. said In a statement to Baghdad Today, Khadir , "Technical delegations from the  Ministry of Oil and the  Kurdistan Regional Government  reached a preliminary agreement during recent meetings to deliver 230,000 barrels of oil per day to the National Marketing Organization (SOMO),  in accordance with the provisions of the federal budget law."  

He added, "The talks are progressing positively, and  there is an understanding from both sides of the importance of reaching a  comprehensive and sustainable agreement  that serves Iraq's interests and enhances public oil revenues."    https://baghdadtoday.news/279232-230.html 


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

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4 Surprising Things That Could Impact Your Wallet If a Recession Hits

4 Surprising Things That Could Impact Your Wallet If a Recession Hits

June 14, 2025  by  J. Arky  GOBankingRates

The stock market took one of the worst nosedives at the beginning of April as President Trump’s tariffs and plans to reshape the global economy seemed to only drive fear into the market, sending investors fleeing. Now everyone wants to know: is a recession on the way?

It could very well be, with trade wars ramping up and inflation about to reach record levels. However, that doesn’t mean that they are the only factors driving a potential recession. In fact, a few other economic mechanisms are at play that could affect you and your family’s money.

4 Surprising Things That Could Impact Your Wallet If a Recession Hits

June 14, 2025  by  J. Arky  GOBankingRates

The stock market took one of the worst nosedives at the beginning of April as President Trump’s tariffs and plans to reshape the global economy seemed to only drive fear into the market, sending investors fleeing. Now everyone wants to know: is a recession on the way?

It could very well be, with trade wars ramping up and inflation about to reach record levels. However, that doesn’t mean that they are the only factors driving a potential recession. In fact, a few other economic mechanisms are at play that could affect you and your family’s money.

Lower Gas Bills

If you have been feeling the strain of filling up your car’s tank, there might be a bit of a reprieve on the way if a recession does come: gas prices could fall. In fact, prices at the pump usually go down in a recession as lower demand can lower the supply and the cost, according to Marcus Sturdivant Sr., advisor, managing member and chief compliance officer at The ABC Squared². 

“This recession would be on the heels of tariffs and the U.S. publicly endorsing ‘drill baby drill’ as a strategy,” Sturdivant explained. “Flooding the market with gas during an economic slowdown, all things being equal, will make the prices at the pump lower, but the escalating tariffs, trade war and an environment where oil makes money at $70 per barrel versus the $100 per barrel of the past.”

Sturdivant pointed out that even with tariffs, with increased production, there is already a record domestic output, meaning that the price for fuel should come down.

Less Alarming Market News

The stock market can decline during a recession, but that does not necessarily indicate a cause for alarm in the opinion of William Bergmark, personal finance expert and finance editor at Credwise.

TO READ MORE:  https://www.gobankingrates.com/money/economy/surprising-things-that-could-impact-your-wallet-if-a-hyperlink_type=manual

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Frank26, KTFA Dinar Recaps 20 Frank26, KTFA Dinar Recaps 20

FRANK26….7-22-25…..THE GAP IS WHITE

KTFA

Tuesday Night Conference Call

FRANK26….7-22-25…..THE GAP IS WHITE

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

KTFA

Tuesday Night Conference Call

FRANK26….7-22-25…..THE GAP IS WHITE

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=D3X-bSyU2ko

 

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

Missouri Legalized Gold for Taxes | Join the Sound Money Revolution

Missouri Legalized Gold for Taxes | Join the Sound Money Revolution

Lynette Zang:  7-21-2025

Missouri just made history by legalizing gold for tax payments! This is a HUGE win for the sound money movement.

Learn what it means, how other states are following, and how YOU can help push this momentum forward.

Missouri Legalized Gold for Taxes | Join the Sound Money Revolution

Lynette Zang:  7-21-2025

Missouri just made history by legalizing gold for tax payments! This is a HUGE win for the sound money movement.

Learn what it means, how other states are following, and how YOU can help push this momentum forward.

Chapters:

00:00:44 – Missouri Passes Best Legal Tender Law

00:01:43 – Partnering with Daniel Diaz on Local Action

00:04:20 – Q&A: Catherine Austin Fitts on Numismatic Coins

00:06:00 – Intrinsic vs Fundamental Value Explained

 00:07:30 – Derivatives & Hidden Risks Since 1998

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

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

Fed Under Fire: $200B in Bank Payouts, Gold Bond Talks, Full Audit Urged | Judy Shelton

Fed Under Fire: $200B in Bank Payouts, Gold Bond Talks, Full Audit Urged | Judy Shelton

Kitco News:  7-22-2025

Judy Shelton, former Trump Fed nominee and author of Good as Gold, joins Jeremy Szafron to discuss the rising calls to audit the Federal Reserve, the $200 billion in interest payments to banks and foreign institutions, and the growing momentum behind gold-backed U.S. Treasury bonds.

Shelton confirms that conversations with Trump administration officials are “constructive” as they consider launching long-term, gold-redeemable debt ahead of America’s 250th anniversary.

Fed Under Fire: $200B in Bank Payouts, Gold Bond Talks, Full Audit Urged | Judy Shelton

Kitco News:  7-22-2025

Judy Shelton, former Trump Fed nominee and author of Good as Gold, joins Jeremy Szafron to discuss the rising calls to audit the Federal Reserve, the $200 billion in interest payments to banks and foreign institutions, and the growing momentum behind gold-backed U.S. Treasury bonds.

Shelton confirms that conversations with Trump administration officials are “constructive” as they consider launching long-term, gold-redeemable debt ahead of America’s 250th anniversary.

In this Kitco News interview, Shelton outlines why the Fed's balance sheet losses, interest-on-reserves framework, and constitutional overreach demand urgent reform.

She also addresses whether she would accept the role of Fed Chair in 2026.

Key topics:

 -$200B in Fed interest payouts — and who’s really benefiting

 -Why Shelton calls the Fed’s system “perverse”

-Structural audit bill gaining traction in Congress

-Gold-backed Treasuries: how it could work, and who’s behind it

 -Trump administration’s internal debates on Fed reform

 -Shelton’s 2026 Fed Chair potential: would she accept

Introduction

00:32 Judy Shelton's Perspective on Fed Policies

 01:13 The 2008 Financial Crisis and Fed's Response

03:47 Current Issues with Fed's Interest Payments

06:30 Congressional Oversight and Fed Accountability

09:38 Calls for Fed Reform and Leadership Changes

15:53 Gold and Sound Money Movement

18:36 Proposal for Gold-Backed Treasury Bonds

36:28 Conclusion

https://www.youtube.com/watch?v=U0iEFqK0pnM

 

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Iraq Economic News and Points To Ponder Tuesday Afternoon 7-22-25

It Didn't Bring Anything New," An Economist Comments On The IMF's Report On Inflation Stability In Iraq.
 
July 21, 2025  Baghdad/Iraq Observer  Economic and financial expert and consultant Dr. Ahmed Al-Husseini commented on the latest International Monetary Fund report, stressing that it offered nothing new. Despite Iraq's control over inflation levels through its monetary policy, inflation has had a different impact on the lives and livelihoods of ordinary citizens, who suffer from high prices for both basic commodities and services. 

Al-Husseini told the Iraq Observer, "The IMF report did not provide anything new. For several years , Iraq has been controlling inflation, with it never exceeding 4% even in the worst of circumstances.

It Didn't Bring Anything New," An Economist Comments On The IMF's Report On Inflation Stability In Iraq.
 
July 21, 2025  Baghdad/Iraq Observer  Economic and financial expert and consultant Dr. Ahmed Al-Husseini commented on the latest International Monetary Fund report, stressing that it offered nothing new. Despite Iraq's control over inflation levels through its monetary policy, inflation has had a different impact on the lives and livelihoods of ordinary citizens, who suffer from high prices for both basic commodities and services. 

Al-Husseini told the Iraq Observer, "The IMF report did not provide anything new. For several years , Iraq has been controlling inflation, with it never exceeding 4% even in the worst of circumstances.

This is due to the monetary policy Iraq adopted, which was a balanced policy that combined control of  the banking system on the one hand and control of the required reserve ratio on the other."
 
Regarding the US sanctions, Al-Husseini explained that "these sanctions, imposed on a group of Iraqi banks, which, from the US Treasury's perspective,  had some violations in their monetary policies,  contributed, in one way or another, to reducing the level of inflation by controlling  credit levels,  money laundering, and other banking operations  carried out by these banks." 

He added, "Iraq has also controlled inflation through its control of the money supply, in addition to the
     regulations and laws in force at banks.
 
The Central Bank's actions, in turn, were calculated by its entry into the open market, as it knows  when to buy or sell bonds, as well as the discount rates on banknotes, in order to  control and manage inflation in the country."
 
“Although inflation levels are stable, the reality of inflation is clearly reflected on the average citizen through the impact on his real wage and on the consumption level for those with limited incomes.
 
Nominal wages are still not in line with inflation rates.
 
This is clear, as a large segment of citizens are complaining about the high prices and cost of living,
especially for basic commodities, not luxury items such as  food, medicine,  building materials and  clothing.
 
Even at the level of services such as   transportation,  health, education and other sectors, 
there is a noticeable rise in the level of prices,” he continued.
 
The economic and financial expert and consultant expressed his hope that "Iraq will adopt the new monetary policies currently in place in many countries around the world,
which several countries, such as the Gulf states and Turkey, have begun implementing,
based on  financing small projects and  clean energy projects."
 
The IMF promised Iraq is a country that has been successful in maintaining its internal stability despite regional tensions. It noted that Iraq's inflation rate has remained low, emphasizing the  need to implement fundamental reforms to  increase non-oil revenues and  control the public wage bill. It also called for a review of current and investment spending plans for 2025.      
https://observeriraq.net/لم-يأتِ-بجديد-معني-بألشأن-الاقتصادي-يع/  

Digital banks in Iraq: the birth of a new financial era 
 
Economic 07/21/2025   Dr. Nabil Rahim Al-Abbadi    In conjunction with the Central Bank of Iraq's efforts to  enhance financial inclusion and  modernize the banking system,   a strategic initiative was launched.
 
This initiative includes  developing an instant payments project and  issuing local cards, in addition to  issuing regulations for licensing digital banks in Iraq.
 
This step comes as part of a comprehensive plan aimed at integrating modern technological concepts into the financial sector, taking into account the  technical requirements of the information infrastructure and the  cybersecurity risks that accompany this transformation.
 
The issued report highlights the mechanisms for establishing digital banks in Iraq and explains how to implement this initiative  in accordance with the regulations of the Central Bank of Iraq, in integration with local payment systems and global fintech standards, while adhering to environmental and social governance practices that have become  essential in the world of modern finance.
 
The proposed digital bank model focuses on providing financial services electronically,  without the need for traditional branches.
 
This includes payment services via apps, digital wallets,  transfers, loans, and more, targeting segments of society that are underserved by banking services, including   individuals,  small and medium-sized enterprises, and  rural communities.
 
In terms of objectives,The initiative seeks to  expand financial inclusion, reduce reliance on cash, which accounts for more than 90 percent of transactions, and   enhance the resilience of the local economy by supporting small and emerging businesses.
 
It also aims to strengthen adherence to security standards and combat financial crime.
 
The Central Bank's strategic plan for the period 2014-2026 also focuses on  modernizing the financial sector, expanding the bank account base, which does not exceed 30 percent of the population, and developing electronic payment systems.
 
This will contribute to achieving financial stability and attracting foreign investment  by aligning regulations with international standards.
 
Partnerships with international institutions such as the World Bank, the  United Nations Development Programme, and the International Finance Corporation  are pivotal to the success of this vision.

At the same time, regulations adopted in 2024 require  strict adherence to cybersecurity and data protection standards, along with building a robust technical infrastructure and  implementing effective anti-money laundering systems.
 

Challenges facing the sector include weak trust in digital transactions, regulatory complexity,  financial exclusion affecting more than half of the population, and the risks of cyberattacks due to weak digital infrastructure.
 
Despite these challenges, there are significant opportunities for growth. The Iraqi market is home to more than 45 million people, and there is widespread smartphone and internet penetration.

Furthermore, the government is keen to support technology projects in cooperation with global financial institutions, which paves the way for the growth of small and medium-sized enterprises and the  transition to a modern financial culture.
 
Digital payments market analysis reveals advanced demographic indicators, with the number of internet users reaching 35 million,  mobile phones reaching 47 million, and the number of digital payment users expected to reach 25 million by 2027, although the adoption rate of these methods remains low compared to the region.
 
The digital bank's initial capital has been set at 100 billion Iraqi dinars, to be distributed over five years.
 
Foreign investment may not exceed 49 percent, subject to the approval of the Central Bank.
 
Furthermore, foreign o ownership in digital banking projects may not exceed 56 percent per investor, with the possibility of a slight increase if approved by regulatory authorities.
 
This is intended to ensure financial stability and strengthen the operational structure.
 
An important aspect is environmental, social, and governance (ESG) practices,
which include adherence to the sustainable finance roadmap, promoting social inclusion, implementing transparent governance structures, and effective risk management.
 
Establishing a digital bank in Iraq is not only a response to global trends,
but also a strategic opportunity to support the national economy and provide modern banking services to a broad segment of citizens.
 
This requires strict adherence to legislation, a flexible operational approach, and the political and economic will to keep pace with the global digital transformation.     https://alsabaah.iq/117734-.html    

 

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

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-22-25

Good Afternoon Dinar Recaps,

Why Trump Sees BRICS as the Biggest Threat to U.S. Dominance

With de-dollarization accelerating and local currency trade expanding, the BRICS alliance poses a serious challenge to the post-WWII American-led financial order.

Economic Power Shift: BRICS Expands Global Footprint

The BRICS alliance now represents around 45% of the global population and 37% of the world’s GDP, establishing itself as a powerful alternative to U.S.-led economic structures.

Good Afternoon Dinar Recaps,

Why Trump Sees BRICS as the Biggest Threat to U.S. Dominance

With de-dollarization accelerating and local currency trade expanding, the BRICS alliance poses a serious challenge to the post-WWII American-led financial order.

Economic Power Shift: BRICS Expands Global Footprint

The BRICS alliance now represents around 45% of the global population and 37% of the world’s GDP, establishing itself as a powerful alternative to U.S.-led economic structures.

Trade data shows a staggering imbalance:

  • U.S. imports from BRICS: $650 billion

  • U.S. exports to BRICS: $300 billion

  • China alone exports: $448 billion to the U.S.

“They are demanding multipolarity—financial, cultural, and political. The United States is fighting to maintain a hegemony that is in crisis,”
— Marta Fernandez, BRICS Policy Center Director

De-Dollarization: A Direct Strike at U.S. Monetary Control

BRICS has accelerated de-dollarization through expanded local currency settlements and central bank coordination.

  • China–Russia bilateral trade in 2024 hit $244.8 billion — settled primarily in yuan and rubles.

  • The New Development Bank now lends 25% in local currencies, with a target of 30% by next year.

“Already a quarter of the bank’s lending portfolio was in local currencies… looking to hit 30% by next year,”
— Dilma Rousseff, Former President of Brazil, Chair of the NDB

These moves represent a systematic unraveling of the dollar's global monopoly in trade and lending.

Trump Responds with Economic Nationalism and Tariff Warnings

Former President Donald Trump has repeatedly targeted BRICS, calling the group a threat to U.S. dominance and proposing tough tariffs to counter their rise. However, BRICS leaders remain unfazed.

“The world has changed. We don’t want an emperor. We are sovereign countries,”
— President Lula da Silva, Brazil

“At the moment the United States declares ‘America First,’ the BRICS are saying ‘we all come first,’”
— Pedro Costa Junior, International Relations Analyst

Trump’s comments and policies appear increasingly out of sync with the non-aligned multipolar strategy adopted by BRICS members.

BRICS Currency Systems and U.S. Structural Risk

The adoption of BRICS Cross-National Settlement Systems (BCNS) and local currency trade mechanisms is undermining the U.S. dollar’s 70-year reign in global commerce. Analysts warn this shift could trigger:

  • Reduced global demand for U.S. Treasuries

  • Higher inflation from import pricing volatility

  • Erosion of American influence over international lending institutions

With ripple effects already visible in global trade patterns and central bank reserve allocations, BRICS is no longer a passive economic alliance — it is actively reshaping the global financial system.

@ Newshounds News™
Source: 
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“Tidbits From TNT” Tuesday 7-22-2025

TNT:

Tishwash:  The dinar is recovering and the exchange rate is declining towards the official rate.

 Samir Al-Nusairi

 For several months in 2025, the US dollar exchange rate has continued to decline against the Iraqi dinar, recovering by around 13 points.

It is expected to gradually decline to approach the official exchange rate during the coming period of this year, in accordance with the Central Bank's strategy and ongoing measures for comprehensive banking reform, regulating foreign trade financing, and transitioning to direct dealings between our banks and correspondent banks, in addition to complying with international banking standards.

TNT:

Tishwash:  The dinar is recovering and the exchange rate is declining towards the official rate.

 Samir Al-Nusairi

 For several months in 2025, the US dollar exchange rate has continued to decline against the Iraqi dinar, recovering by around 13 points.

It is expected to gradually decline to approach the official exchange rate during the coming period of this year, in accordance with the Central Bank's strategy and ongoing measures for comprehensive banking reform, regulating foreign trade financing, and transitioning to direct dealings between our banks and correspondent banks, in addition to complying with international banking standards.

Restricting the sale and distribution of cash dollars to a strict mechanism has been praised by the International Monetary Fund and the US Treasury as a successful and advanced method and application for controlling the stability of the US dollar exchange rate and keeping cash dollar sales to a minimum, thus preventing the circulation of the currency from being available for speculation in the parallel market.

To support the dinar's recovery, "we must look at the rate at which the Central Bank covers all external transactions, including imports and personal transfers.

 This explains price stability, given the current inflation rate, which is less than 2.5%, lower than the inflation rates in neighboring countries. This means that the Central Bank has achieved two basic monetary policy objectives: controlling exchange rates and curbing inflation."

This confirms that the wise monetary policy adopted by the Central Bank has contributed significantly to the stability of the exchange rate and the decline of the parallel market to the lowest possible level.

The Central Bank's insistence and cooperation with the government during the second half of the current year will lead to a gradual decline in the exchange rate of the US dollar, which has been stable for two days at the thirties and is moving towards the official exchange rate.  link

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

Tishwash:  A plan to connect the East and West of the world via Baghdad

The Ministry of Planning clarified, on Monday, that the Belt and Road Initiative launched by China is consistent and complementary to the development road project that Iraq has begun implementing, while pointing to a plan to link the Iran-Iraq railway to the Gulf, Eastern countries and Europe.

Ministry spokesman Abdul Zahra Al-Hindawi told the official agency, followed by Al-Eqtisad News: “The Belt and Road Initiative launched by China in 2013 is based on a network of roads and railways that connect the East to the West via main corridors and axes. Iraq is perhaps one of the main axes, taking into account that there is a railway linking China to Uzbekistan, then Pakistan and then Iran within this initiative.”

He added, "There is an idea to link the Iran-Iraq, Turkey, and Syria railway line with the Gulf, Eastern countries, and Europe," noting that "this idea is consistent with and complements the development road project that Iraq has begun implementing."

He explained that, "Under this vision, Iraq is considered an important global transportation hub, both on railways and by road, in addition to the services provided by the railway network, as well as those related to transporting passengers in record times, transporting goods and merchandise, and commercial shipping. This is important for Asian countries, the Levant, and trade with the West, as it saves a lot of time and costs, given that the roads are shortened by passing through Iraqi territory." link

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

Tishwash:  The US has stopped sending cash dollars to Iraq. Is this the beginning of a blockade?

Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a "financial blockade" on some Iraqi banks involved in currency smuggling and money laundering.

According to a source who spoke to Al-Mustaqilla on condition of anonymity, Washington's decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious dollar transfers to countries subject to international sanctions. This has angered the US Treasury, prompting it to tighten controls on dollar movement within the Iraqi market.

 Sudden drop in exchange rate after the decision

Remarkably, the US decision coincided with a significant decline in the dollar exchange rate in the Iraqi market. Experts interpreted this as a natural consequence of the restrictions on the circulation of cash and the prevention of its smuggling abroad. This led to an increase in supply in the local market and a temporary decline in its price.

Government shift towards “legal dollarization”

Separately, a banking source revealed that the Iraqi government has been relying on new mechanisms for disbursing salaries and conducting financial transactions for months. These mechanisms involve legal invoices processed through official banks and digital platforms linked to the global financial system. This is an alternative to the paper dollar shipments previously transported into the country by air.

The source indicated that this step represents a major shift in cash liquidity management in Iraq , making it difficult for suspicious entities to continue smuggling or manipulating the currency market.

Is this the beginning of the storm?

The US decision raises many questions about the future of dollar transactions in Iraq, especially in light of escalating regional tensions and Washington's tightening of financial sanctions. Are we witnessing the beginning of a new phase of international restrictions on the Iraqi economy? Or is this merely a technical measure against some violating banks?  link

Mot:  It's SUMMER!!! --- Lets Go Have ""FUN"" !! 

Mot: . Her's Ur List soooo Ya can be ""Spontaneous "" on ur Camping Trip!!!! 

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Tuesday Coffee with MarkZ. 07/22/2025

Tuesday Coffee with MarkZ. 07/22/2025

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: Happy Terrific Tuesday fellow RV’ers

Member: Good morning MarkZ and family and mods

Member: Markz how's your gut feeling think this RV will happen by the end of July????? Still hoping we see RV Christmas in July.

Tuesday Coffee with MarkZ. 07/22/2025

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: Happy Terrific Tuesday fellow RV’ers

Member: Good morning MarkZ and family and mods

Member: Markz how's your gut feeling think this RV will happen by the end of July????? Still hoping we see RV Christmas in July.

MZ: I have had a number of people in groups and group leaders  reach out since yesterday . It appears there are a handful who have aggregated more currency to add to their exchange. The paymasters are screaming things need to be wrapped up before July 28th.

MZ: I am feeling very confident we are looking at the end of this journey . The 28th appears to be a key date for groups. I am hearing this from many sources.

MZ: This new currency added to groups is allegedly for after we go……If they need all this by the 28th there is a good chance we could go before then.

MZ: If they are doing this in the groups….there must be a lot going on in the bond side that we just cannot see.

Member: I am worried we won’t get the contract rate when we exchange?

MZ: I was told over and over again…that you do not have to jump through hoops. The rate has been pre-negotiated.

Member: I am more that happy with street rate if they would just “DO IT!”

MZ:  . ”What do those PHDs do? Bessent calls for “Fundamental Reset” of financial regulations” So Monday- the Treasury Secretary is calling for a fundamental reset on financial regulations to make sure they are aligned with the nations domestic and international priorities.He has a vision for the financial system

MZ: Wait- could it be a gold backed system?  He is also wondering exactly what all those PHD’s at the Federal Reserve actually do….They have missed everything for years. He suggests Maybe Trump should do like Andrew Jackson and abolish the central banks altogether.

MZ: Jerome Powell is under fire from many DC circles…even those on the left. “The Fed’s $2.5 billion renovations , political fallout- what to know”   $2.5 Billion to renovate their headquarters/building in Washington DC. This is at a time the US can’t pay its bills, interest rates are up and the Fed is using our taxpayer money for this $2.5 BILLION dollar renovation. He is under a lot of fire right now.

Member: Supposedly The Federal Reserve has an announcement on July 30 ..

Member: Wow…..that is big…..I am hoping currencies are at least 1 to 1 by Aug. 1st.  

Member: Trump did say Aug 1 would be a big day for America

Member: Great video last night from Judy Shelton- posted on Dinar Recaps

Member: Bringing gold back into the picture—crazy idea or brilliant move? Is Judy Shelton just nostalgic, or is she offering the reset the dollar actually needs?

MZ: This roller coaster is coming to and end…imo

Member: Mark! Do you know if payments were actually made to Kurdistan? I keep seeing conflicted articles.

MZ: “Politician: The regional government plans to steal new salaries from its employees”  They say the Kurdish government is planning to steal the salaries. In other words they are making up fake employees in order to steal the money. It is believed that over the last 10 years they have stolen over 23 trillion dinar that way. This is a massive amount.

MZ: But Baghdad is insisting on electronic payments in order to be able to verify people now. This came out late yesterday.

MZ:” Erbil and Baghdad set for crucial talks on salaries and oil exports “ Critical meeting today/Tuesday. They have been in meetings all day long to try to pound this one out.

MZ: “Sudanese decided to finance Kurdistan salaries for the month of May and June is subject to the delivery of oil”  Maybe we are finally off of “stuck”

MZ: “Kurdistan finance deposits 120 billion dinars in the Ittihadiya account . And salaries are on their way to the region”  I believe we are not off “stuck” on this issue. Today we are seeing solid progresss.

Member: There is another article this morning about U S not sending more dollars to Iraq …seems like they all should be using their own currency now anyway

Member: Cannot wait to give my 2 weeks notice…..really hope its this month.

Member: Two week notice? Yeah, they'll notice when I don't show up anymore...lol

 Member: Thank you Mark mods for everything you do

Member: Have a fabulous day everyone…..Stay positive,

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=7OZoVi-vbB4

 

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