Iraq Economic News and Points To Ponder Monday Morning 10-27-25

The Prime Minister Directs Financial And Banking Institutions To Cooperate With Arab And Foreign Investors. 
 
Yesterday, 22:48   Baghdad – INA  Prime Minister Mohammed Shia al-Sudani  directed financial and banking institutions, on Sunday,  to cooperate with Arab and foreign investors to serve Iraq and support the economy.
 
The Prime Minister's media office stated in a statement received by the Iraqi News Agency (INA), that  "Prime Minister Mohammed Shia al-Sudani  attended the opening of the Arab Bank-Iraq,  which is contributed by Iraqi, Arab and foreign capital." 

Al-Sudani stressed, according to the statement, that   "the opening of this bank,  with the contribution of an elite group of Arab and foreign investors,  both individuals and institutions,  represents a clear affirmation of confidence in the Iraqi economy,  the work accomplished during the past period,  and the business environment that is attractive to investment." 

He explained that  "the presence of the Arab Bank of Iraq  represents a strategic addition to the national banking sector,  and is a model for the modern, effective banking institutions we aspire to,  capable of providing advanced services  that contribute to financing sustainable development."

 He emphasized the  "need to stimulate the financing of diverse investment projects and opportunities,  in light of the presence of a bold and capable Iraqi private sector that understands the intricacies of the investment environment." 

Al-Sudani pointed out that  "it is important for there to be cooperation between the Arab Bank-Iraq,  national banking institutions, government agencies, the private sector,  and Arab and foreign investors,  in order to utilize existing financial capabilities and banking expertise to support government programs and development projects."   https://ina.iq/ar/economie/246554-.html    

Rafidain: Partnership With The Central Bank And The Payments Council Is A Successful Model For Managing Financial Transformation.
 
Yesterday, 20:35 Baghdad – INA Rafidain Bank announced on Sunday that its partnership with the Central Bank and the Payments Council   is a successful model for managing financial transformation, while  indicating a move toward an integrated digital financial system.
 
The bank said in a statement received by the Iraqi News Agency (INA), "The bank's general manager, Ali Karim Hussein Al-Fatlawi, participated in the regular meeting of the Iraqi National Payments Council,   which was held at the headquarters of the Central Bank of Iraq,  headed by the Central Bank Governor, Ali Mohsen Al-Allaq, and   attended by representatives of    ministries,  government institutions, and the   financial and banking sectors."
 
Al-Fatlawi said, according to the statement, that "the bank is proceeding with confidence   in its strategic partnership with the    Central Bank and the    National Payments Council to     develop the digital payments infrastructure and    consolidate the transition to a national economy     based on   financial inclusion and   technological innovation.

"  He stressed that "the bank is working to  strengthen its role as a key driver   of the digital transformation of the Iraqi banking sector  by investing in   modern financial technologies and   expanding the electronic payment services network,  in line with the national vision   led by the   Central Bank and the  Payments Council to build a more efficient and transparent financial system.

" He explained that "the bank attaches great importance to   developing the technological infrastructure of its banking systems,   enhancing cybersecurity and data protection, and   spreading the culture of financial awareness among citizens,   especially youth and students,   as they are the targeted generation   in the transition to digital banking services." 

He pointed out that "the close partnership between the   Central Bank, the   Payments Council, and   Rafidain Bank    represents a successful model of institutional integration in managing    financial and digital transformation in Iraq," stressing that "the bank will continue to play its leading role in   empowering the national banking sector and   expanding the base of financial inclusion,   enhancing economic stability and   serving sustainable development."    https://ina.iq/ar/economie/246545-.html    

The Governor Of The Central Bank Of Iraq Meets With The Director Of GIZ In Iraq
 
October 26, 2025  His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received in Baghdad the Country Executive Director of the German Agency for International Cooperation (GIZ) in Iraq, Mr. Axel Klaphak.
 
The meeting discussed the agency's projects in the fields of   finance,   entrepreneurship,   skills development, and   financial infrastructure.
 
His Excellency the Governor began by discussing the "Strengthening Public Finance and Financial Markets (FFM)" projects.
 
Project Manager Tobias Langa and FFM Project Advisor Hussein Al-Maamouri provided a comprehensive explanation of
how to increase financing and borrowing for small and medium-sized entrepreneurial projects and facilitate procedures.
 
Executive Director Mr. Kalbhaka expressed his deep gratitude to His Excellency the Governor of the Central Bank
for his essential and effective role in supporting small and medium-sized enterprises in Iraq   by providing financing and facilitating procedures.   Central Bank of Iraq    Media Office   https://cbi.iq/news/view/3027  

The Governor Of The Central Bank Receives The CEO Of Al Baraka Bank Bahrain.
 
October 26, 2025  His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received in Baghdad the  General Manager and CEO of Al Baraka Bank Bahrain, Dr. Adel Salem,  and his accompanying delegation.
 
His Excellency discussed the   recent reforms in the Iraqi banking sector and   their impact on enhancing confidence in the   banking environment and   financial transactions.
 
Mr. Salem discussed   opportunities for expansion in the Iraqi market and   ways to enhance joint banking cooperation with Gulf banks,   with the possibility of opening doors to cooperation with the bank   through training and   qualification for Iraqi bank employees to gain successful experiences    between the two parties.   Central Bank of Iraq    Media Office https://cbi.iq/news/view/3028    

The Governor Of The Central Bank Of Iraq Chairs The Regular Meeting Of The Iraqi National Payments Council.
 
October 26, 2025  His Excellency the Governor of the Central Bank of Iraq and  Chairman of the Iraqi Payments Council, Mr. Ali Mohsen Al-Alaq,  chaired the regular meeting of the Iraqi National Payments Council.
 
The meeting was held at the headquarters of the Central Bank of Iraq and  attended by council members, including   central bank officials,   representatives of ministries and government agencies, and the   private sector, in addition to   representatives of financial and banking institutions, such as   public and private banks and   electronic payment service providers.
 

During the meeting, several important topics were discussed, most notably the  Central Bank of Iraq's initiatives to develop the   technical,   legislative, and   regulatory infrastructure for  payment systems and    financial technologies.
 
Discussions focused on ways to expand the adoption of  electronic payment tools and  channels in  ministries,   government institutions, and the  private sector,  in line with the government's strategic vision in this regard.
 
Council members emphasized the importance of supporting efforts aimed at spreading financial and banking awareness and culture   among all segments of society, as well as the importance of   protecting society from cyber risks and  raising awareness of the dangers of    financial and digital fraud.
 
The Chairman and members of the Council  discussed the level of development of the   digital infrastructure and   financial services provided by government banks,  as they are among the fundamental pillars of  digital transformation and the  development of financial services.
 
The recommendations focused on expanding the   use of payment and financial technology in the education sectors,   ways to support students and youth, and   supporting financial and banking awareness initiatives directed at them.
 
It is noteworthy that the Iraqi Payments Council aims to  coordinate efforts and   achieve cooperation  in the areas of  national payments and   electronic payments between  legislative and regulatory authorities,  executive institutions in the public and private sectors, and  financial and banking sector institutions. Central Bank of Iraq Media Office https://cbi.iq/news/view/3026   

Al-Sudani Issues Directives To Financial And Banking Institutions.
 
Baghdad Today - Baghdad    Prime Minister Mohammed Shia al-Sudani directed, on Sunday (October 26, 2025),   governmental and   private financial and   banking institutions     to enhance cooperation with  Arab and  foreign investors, in a way that  serves the interests of Iraq and   supports the building of a   strong,   diversified, and  sustainable economy.
 
Al-Sudani's media office stated in a statement received by Baghdad Today that "this came during his attendance at   the opening ceremony of the Arab Bank - Iraq,  in which   Iraqi,  Arab and   foreign   capital contributes," stressing that "the opening of this bank represents an   embodiment of investor confidence in the Iraqi economy and the  attractive business environment that has been established during the past period, pointing out that the presence of  the bank is a strategic addition to the national banking sector and  a model for modern financial institutions capable of providing advanced  services and  financing  sustainable development projects."  

The Prime Minister explained that "the success of this project requires cooperation between the   Arab Bank of Iraq,   national banks,   government agencies, and the  private sector, in order   to leverage   financial capabilities and   banking expertise   to support    government programs and   development projects."

He stressed that "the government is proceeding with   reforming the financial and banking system and   transforming it  from a single-source rentier economy  to a diversified and sustainable economy   based on natural resource investment. 

He explained that  "these reforms were implemented   despite their significant    social and     political costs, and contributed to    raising the level of credibility with international financial institutions and   creating a safe and attractive financial environment for investment.

" He added, "Iraq is witnessing a phase of  real development and   vast investment opportunities across various sectors, emphasizing the need for modern digital banking services that meet the needs of    individuals and  institutions    and keep pace with global developments in banking."
 
Al-Sudani concluded by emphasizing that  integration between   Iraqi financial institutions and   Arab and   foreign investors    represents a fundamental step toward   enhancing economic growth and   consolidating financial stability in the country.    https://baghdadtoday.news/285990-.html  

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

FRANK26….10-26-25….CHANGE

KTFA

Sunday Night Video

FRANK26….10-26-25….CHANGE

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#

https://www.youtube.com/watch?v=uTl7z-CEEZ0

The System is Blinking Red: Andy Schectman

The System is Blinking Red

VRIC Media:  10-25-2025

In a landscape dominated by shifting geopolitical sands and aggressive monetary policy, understanding the true role of precious metals is more critical than ever.

Andy Schectman, President of Miles Franklin Precious Metals, recently sat down with Darrell Thomas of VRIC Media for a profound, in-depth analysis that goes far beyond simple metal price predictions.

Schectman argues that we are not just in a cyclical bull market for gold and silver, but amidst a fundamental, orchestrated global monetary transition.

Here are the key takeaways from one of the most comprehensive market interviews of the year, focusing on institutional movement, the “debasement trade,” and the explosive upside potential of physical silver.

The narrative that gold is a “barbarous relic” is officially dead. Schectman points to overwhelming evidence that gold is rapidly being reintegrated into the global monetary framework, driven by overwhelming physical demand from central banks and major financial institutions.

Regarding the recent price pullback, Schectman views it not as a cause for alarm, but as a much-needed correction within a massive bull market. His advice is clear: “Buy the dip” and employ prudent cost-averaging strategies to build a core position during periods of temporary weakness.

Perhaps the most intricate part of the analysis centers on the complex macroeconomic strategy Schectman calls the “debasement trade.” This isn’t just accidental inflation; it is a calculated maneuver by the US government to deliberately devalue the dollar to achieve specific economic goals—primarily supporting the massive reshoring of US manufacturing.

The US is attempting to navigate Triffin’s dilemma—the inherent conflict faced by a world reserve currency where domestic economic needs clash with global monetary obligations.

This monetary maneuver aims to reposition the US economy toward sustainable, manufacturing-led growth while acknowledging that the dollar’s status must evolve. In this environment of controlled currency weakening, physical precious metals become the ultimate defense mechanism.

While gold is the primary monetary asset, Schectman makes a compelling case for silver as the asymmetric wealth asset of this decade. Silver’s value is rooted in its duel nature: it is both a critical industrial metal (essential for solar, EVs, and electronics) and a historical monetary metal.

Schectman emphasizes that the historically wide gold-to-silver ratio (how many ounces of silver it takes to buy one ounce of gold) is a powerful indicator of silver’s current gross undervaluation. Given the persistent supply deficits and surging industrial demand, silver is positioned for potentially explosive upside.

Throughout the discussion, Schectman stresses that official inflation figures are artificially low, and the long-term shifts driven by AI and the hollowing out of US manufacturing capacity mean economic volatility is a certainty.

The global accumulation of physical gold and silver by the world’s most powerful entities—central banks, institutions, and BRICS nations—suggests that the transition to a new monetary standard is not a theory, but an ongoing reality that will profoundly reshape financial markets.

For investors, the conclusion is simple and stark: Owning physical precious metals is the only true hedge against inevitable currency debasement and inflation. While market noise and manipulation exist to distract and disorient, the physical fundamentals are screaming alignment. The time to acquire wealth outside the traditional banking system is now.

To fully grasp the nuanced details of the debasement trade and Schectman’s forecast methodology, we highly recommend watching the full, comprehensive interview hosted by Darrell Thomas on VRIC Media.

https://youtu.be/4JwstfzA6TY

https://dinarchronicles.com/2025/10/26/vric-media-the-system-is-blinking-red/

“Vietnam News” Posted by Henig at KTFA 10-26-2025

KTFA:

Henig:  Việt Nam, US issue joint statement on reciprocal trade agreement

October 26, 2025 - 19:09

According to the joint statement, Việt Nam will provide preferential market access for substantially all US industrial and agricultural exports to Việt Nam.

HÀ NỘI — Việt Nam and the US on Sunday issued a joint statement outlining a framework for an agreement on reciprocal, fair and balanced trade.

Prime Minister Phạm Minh Chính met with US President Donald Trump at the 13th ASEAN-US Summit in Kuala Lumpur on Sunday. VNA/VNS Photo

The statement was released on the occasion of US President Donald Trump and Prime Minister Phạm Minh Chính attending the 47th ASEAN Summit in Kuala Lumpur, Malaysia. The agreement on reciprocal, fair and balanced trade will build upon the longstanding economic relationship between the two countries, including the US-Việt Nam Bilateral Trade Agreement signed in 2000, which entered into force in 2001.

According to the joint statement, Việt Nam will provide preferential market access for substantially all US industrial and agricultural exports to Việt Nam. The US will maintain at 20 per cent the reciprocal tariffs, as outlined in Executive Order 14257 of April 2, 2025, as amended, on originating goods of Việt Nam, and will also identify products from the list set out in Annex III to Executive Order 14346 of September 5, 2025, Potential Tariff Adjustments for Aligned Partners, to receive a zero per cent reciprocal tariff rate.

The US and Việt Nam will work constructively to address both countries’ interests in non-tariff barriers affecting bilateral trade in priority areas. Việt Nam has agreed to address many such barriers, including accepting vehicles built to US motor vehicle safety and emissions standards, addressing import licences for US medical devices, streamlining regulatory requirements and approvals for US pharmaceutical products, fully implementing Việt Nam’s obligations under certain international intellectual property treaties to which it is a party, and addressing US concerns with conformity assessment procedures. The US and Việt Nam have also committed to address and prevent barriers to US agricultural products in the Vietnamese market, including with regard to US regulatory oversight and acceptance of currently agreed certificates issued by US regulatory authorities.

Under the agreement, Vietnam Airlines has agreed to purchase 50 aircraft from Boeing, worth more than US$8 billion.

 Vietnamese companies have signed 20 memorandums of understanding with US companies to purchase US agricultural commodities, with a total estimated value of over US$2.9 billion.

In the coming weeks, the US and Việt Nam will work to finalise the agreement, prepare it for signature and undertake domestic formalities in advance of it entering into force. — VNS

https://vietnamnews.vn/economy/1728178/viet-nam-us-issue-joint-statement-on-reciprocal-trade-agreement.html

Henig:  Prime Minister Phạm Minh Chính meets US President Donald Trump on sidelines of 47th ASEAN Summit

October 26, 2025 - 20:19

During the meeting, the two leaders agreed to advance the Comprehensive Strategic Partnership for peace, cooperation and sustainable development between Việt Nam and the United States in a deeper, more substantive and effective manner.

Prime Minister Phạm Minh Chính (left) held a brief meeting with US President Donald Trump on the sidelines of the 13th ASEAN–US Summit

KUALA LUMPUR — Prime Minister Phạm Minh Chính held a brief meeting with US President Donald Trump on the sidelines of the 13th ASEAN–US Summit during his attendance at the 47th ASEAN Summit and related meetings in Kuala Lumpur, Malaysia, on Sunday.

 During the meeting, the two leaders agreed to advance the Comprehensive Strategic Partnership for peace, cooperation and sustainable development between Việt Nam and the United States in a deeper, more substantive and effective manner.

 Both sides expressed a shared commitment to soon conclude a Reciprocal Trade Agreement, ensuring fairness and equality while encouraging greater US investment in Việt Nam.

Following Prime Minister Chính’s proposal, President Trump gave a positive response and took note of Việt Nam’s request for recognition as a market economy, as well as for removal from the US strategic export control lists D1 and D3. President Trump directed senior American officials present at the summit, including the Treasury Secretary and the US Trade Representative, to promptly provide feedback on these matters.

PM Chính commended President Trump’s role in promoting the peaceful settlement of global conflicts in recent times.

The brief ASEAN–US sidelines meeting demonstrated mutual understanding, respect and a shared resolve to further strengthen the Comprehensive Strategic Partnership between the two countries.

On this occasion, PM Chính conveyed an invitation from Party General Secretary Tô Lâm and other senior Vietnamese leaders for President Trump to visit Việt Nam. President Trump warmly accepted, saying he looked forward to and would make time for a visit to Việt Nam in the near future.

PM Chính also proposed that the United States arrange a visit to Washington by Party General Secretary Tô Lâm under the framework of the two countries’ Comprehensive Strategic Partnership. President Trump welcomed the idea, asking that Việt Nam inform the US side at an appropriate time, and also expressed a desire for PM Chính to visit the United States when convenient for both sides.

13th ASEAN–US Summit On Sunday afternoon, PM Chính joined ASEAN leaders and US President Donald Trump at the 13th ASEAN–US Summit, held at the Kuala Lumpur Convention Centre.

 In his address, Chính congratulated President Trump on the United States’ recent achievements and praised his diplomatic efforts in promoting dialogue and peaceful conflict resolution worldwide. He particularly acknowledged the President’s cooperation with Malaysia, this year’s ASEAN Chair, and other ASEAN members in facilitating talks between Cambodia and Thailand, leading to the signing of a Joint Declaration of Peace between the two neighbours.

Recognising the US as one of ASEAN’s most comprehensive strategic partners, Chính proposed four major orientations to deepen ASEAN-US cooperation more practically and effectively.

The orientations consist of enhancing economic, trade and investment connectivity towards a balanced, harmonious and sustainable relationship; promoting cooperation in digital transformation, innovation and energy security, including energy infrastructure connectivity and peaceful nuclear energy collaboration; strengthening cybersecurity and the fight against transnational crime, building on US initiatives against online fraud and Việt Nam’s initiative on improving the pursuit of wanted criminals; and maintaining peace, security and stability across the region.

 Chính reaffirmed that ASEAN and the US shared common interests and responsibilities in maintaining peace, stability, security and development in the region, including the East Sea (internationally known as the South China Sea). He reiterated ASEAN’s principled position of resolving disputes peacefully and in accordance with international law, particularly the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

For his part, President Trump affirmed that Southeast Asia occupied a central place in the US Indo-Pacific policy, and that the United States remained a steadfast partner and friend to the region.

Washington, he said, would seek to deepen its partnership with ASEAN not only in economics, trade, energy, technology and AI but also in the pursuit of peace, stability and prosperity for all nations and future generations.

The President underscored that the US would be ready to work closely with and support ASEAN in addressing shared challenges, with full respect for ASEAN’s centrality and the legitimate interests of its member states. At the close of the summit, ASEAN and US leaders adopted the 'Joint Vision Statement on a Stronger, Safer and More Prosperous ASEAN-US Partnership,' setting the strategic direction for the next phase of cooperation.

ASEAN leaders commended the United States for its active and constructive contributions to regional cooperation through ASEAN-led mechanisms, particularly in promoting dialogue and confidence-building for peace and stability.

They also highly appreciated President Trump’s personal commitment and role in fostering regional dialogue, including his support for negotiations that helped ease tensions and achieve the Peace Declaration between Thailand and Cambodia in Kuala Lumpur on Sunday.

The leaders noted that ASEAN-US relations continue to grow robustly, comprehensively and effectively across multiple sectors.

 The two sides reaffirmed their commitment to effectively implementing existing initiatives and to deepening the ASEAN-US Comprehensive Strategic Partnership, focusing on high-quality trade and investment, finance, infrastructure connectivity, the digital economy, energy and cybersecurity resilience, all aimed at building a peaceful, secure, stable and prosperous region. —VNS

https://vietnamnews.vn/politics-laws/1728180/prime-minister-pham-minh-chinh-meets-us-president-donald-trump-on-sidelines-of-47th-asean-summit.html

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 10-26-25

Good Afternoon Dinar Recaps,

ASEAN 2025: Malaysia Summit Marks a Turning Point for Global Order

When Southeast Asia convenes, the future of trade, diplomacy and monetary flows is being rewritten.

Leaders, Expansion & a Crowded Agenda

• The Association of Southeast Asian Nations (ASEAN) summit in Kuala Lumpur from October 26–28, 2025 will bring together heavy-weight global figures: Donald Trump (USA), Li Qiang (China), Sanae Takaichi (Japan), Lee Jae‑myung (South Korea), Luiz Inácio Lula da Silva (Brazil) plus others from South Africa, Canada, Australia and New Zealand. 

• Notably, Timor‑Leste will officially become the bloc’s 11th full member — the first expansion since the 1990s.

• The agenda is packed: economic integration, the Myanmar crisis, South China Sea disputes, U.S.–China rivalry, Gaza’s fallout, and a booming online-scam industry. 

Why This Matters

  ●   Regional economic architecture in flux – With membership expansion and global leaders present, ASEAN is evolving from a regional forum into a strategic geopolitical player.
  ●   Trade & settlement pathways shifting – As Asia becomes more central, monetary flows and digital-settlement frameworks will increasingly bypass traditional Western hubs.
  ●   Global financial reset underway – The summit’s scale and diversity of issues reflect a transition toward multipolar financial systems, where power is not rooted solely in the West or the dollar.
  ●   Symbolism becoming structure – Timor-Leste’s accession and the presence of global heads signal that the infrastructure of global finance (trade routes, digital rails, reserve assets) is being reconfigured.

The Bigger Picture: Out with the Old, In with the New

The ASEAN 2025 summit isn’t just a diplomatic gathering — it’s a marker of how global economics and finance are morphing:

• Legacy settlement systems built around Western-led currency and payment rails face competition from Asia-driven arrangements and digital alternatives.

• The inclusion of new members and agendas beyond “just trade” show that alignment is shifting — politics, finance and technology are converging.

• Institutions, treaties, and digital platforms being discussed now will underpin tomorrow’s liquidity networks, reserve architectures and financial flows.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “What to expect from Southeast Asian leaders’ summit as Trump attends”  

• Reuters – “East Timor officially becomes ASEAN’s 11th member” 

• The Diplomat – “What to Expect From the Upcoming ASEAN Summit in Malaysia”

• Free Malaysia Today – “What to expect at the ASEAN summit” 

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BRICS Payment Surge: Yuan-Rails Rewrite the Monetary Map

How the Cross‑Border Interbank Payment System (CIPS) and yuan-lending boom are reshaping global finance.

The Transformation in Motion

The BRICS bloc and China in particular are quietly building a parallel payment and monetary system:
  ● China’s CIPS now connects 1,700+ banks in over 100 countries, clearing approximately ¥175 trillion (~US $24 trillion) in 2024 — up ~43 % year-on-year. 
  ● China’s overseas renminbi (RMB) lending, deposits and bond investments have surged to over RMB 3.4 trillion (~US $480 billion) in five years — a clear step in de-dollarising trade and financing. 
  ● The Bank for International Settlements (BIS) and others have flagged this trend as a structural shift in global liquidity rather than a transient event. 

Why It Matters

  • Redesigning the Reserve Architecture:
   • The dominance of the U.S. dollar and Western-led rails (e.g., SWIFT) is being challenged by a system that routes value directly through yuan-cleared networks.
  • Liquidity Flows Redefined:
   • Institutional, trade and sovereign flows are now beginning to respond to networks centred on the yuan and CIPS — not just the dollar-centric system.
  • Toward a Global Financial Reset:
   • This is more than currency diversification. It’s the creation of an alternative global monetary plumbing, enabling a multipolar value-transfer architecture beyond legacy systems.
  • Analogy:
   • Just as the internet replaced postal letters, CIPS + yuan-finance may replace correspondent-bank wires — faster, global, programmable.

Key Implications

  ● Trade-finance realignment: China is settling increasing volumes in yuan — including LNG imports, soybeans and loans in commodity-rich countries — reducing dollar dependency.
  ● Banking infrastructure on the move: Major global banks (e.g., HSBC Hong Kong) have joined CIPS, signalling institutional support for this rail. 
  ● Emerging-market leverage: BRICS and partner nations see this rail as a way to sidestep sanctions risk and gain greater financial sovereignty.
  ● Systemic resilience: A diversified global settlement system weakens single-point dependency on the dollar and creates alternatives when geopolitical pressures intensify.

The Bigger Picture: Out with the Old, In with the New

The contours of a new global financial system are emerging:

• A shift from fiat-centric, dollar-settlement pipelines toward multi-currency rails under sovereign and institutional control.

• Payment networks built on programmable rails, where value moves as instantly and reliably as data.

• While the dollar remains dominant for now, the architecture behind it is changing — and these developments mark the inflection point of the global reset.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher.Guru – “BRICS Grows as 1,700 Banks Process 175 Trillion Chinese Yuan Payments” 

• FT.com – “Overseas renminbi lending surges as China steps up campaign to de-dollarise”

• Reuters – “China central bank urges state-owned businesses to prioritise yuan in overseas expansion”

• Reuters – “China talks up digital yuan in push for multi-polar currency system”

~~~~~~~~~

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News, Rumors and Opinions Sunday 10-26-2025

KTFA:

Tishwash:  The United Nations renews its support for Iraq in organizing transparent and fair elections.

10/26/2025

The Special Representative of the Secretary-General for Iraq, Mohammed Hassan, reiterated on Sunday the United Nations' support for Iraq in organizing transparent and fair elections, about two weeks before polling stations open to voters.

During his meeting with Iraqi President Abdul Latif Rashid in Baghdad, Al-Hassan affirmed the United Nations' full support for Iraq's efforts to complete the electoral process within the standards of integrity and transparency, commending the steps taken by the Presidency and relevant institutions in creating the appropriate conditions for its conduct.

According to a statement issued by the President of the Republic, received by Shafaq News Agency, the two sides discussed key regional and international issues, most notably developments in the region and their future impacts, and the role of the United Nations in consolidating dialogue and coordination among countries in the region to ease tensions.

According to the statement, the meeting discussed the country's political developments and situation, ongoing preparations for the upcoming elections, and the need to conduct the elections within controls and standards that ensure their integrity and enhance citizens' confidence in constitutional institutions.

For his part, the Iraqi President affirmed the commitment of constitutional and legal institutions to the success of the upcoming elections by completing the necessary preparations to ensure their efficient and credible organization. He emphasized the importance of the international community and its role in providing technical support and monitoring to ensure they proceed according to transparent and fair principles that reflect the true will of the people.

Parliamentary elections in Iraq will be held on November 11, 2025. Approximately 30 million Iraqis out of a population of 46 million are eligible to vote to elect their representatives in the new House of Representatives. However, approximately seven million of them will be barred from participating due to their lack of voting cards, as their data has not been updated.  LINK

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Clare: Trade: Iraq seeks to open up to the global economy by joining the WTO.

10/26/2025 - Baghdad –

The official spokesperson for the Ministry of Trade, Mohammed Hanoun, confirmed that the Iraqi government continues to implement its reform program aimed at completing the requirements for the Republic of Iraq's accession to the World Trade Organization (WTO), in line with the state's orientations towards openness to the global economy and strengthening Iraq's position within the multilateral trading system.

Hanoun explained in a statement received by Mawazine News that "the ministry, through the National Committee for Iraq's Accession to the Organization, was able, during the years 2023 and 2024, to make tangible progress in completing the basic negotiating documents and updating the required technical files, reflecting Iraq's commitment to international standards and implementing the principles of transparency and economic openness."

He pointed out that "Iraq officially resumed the accession negotiations process after a hiatus of more than 16 years. In July 2024, the third meeting of the working group concerned with Iraq's accession was held at the organization's headquarters in Geneva, headed by the Minister of Trade, who gave a comprehensive presentation on the ongoing economic and legislative reforms. This presentation was widely welcomed by member states, which praised Iraq's commitment to the requirements of full membership."

He added, "The Ministry, in cooperation with relevant government agencies, has completed the update of the customs tariff system to HS2022, in addition to preparing and amending a package of commercial laws and legislation, including intellectual property rights laws, commercial arbitration, technical standards, and regulations related to foreign trade. The Ministry of Finance is also working to complete the stages of approving the new customs system within the national legal framework."

The official spokesman explained that "Iraq participated for the first time in twenty years as an observer" in the 13th Ministerial Conference of the World Trade Organization (MC13), held in Abu Dhabi, stressing that this participation reflects the strong political support for the accession process and the government's will to accelerate structural economic reforms in line with the organization's requirements.

He added that "the National Committee and its subcommittees, after the last meeting, began updating the memorandum on the foreign trade system and submitting detailed answers to 175 questions" submitted by member states, in preparation for holding the fourth meeting of the working group during the next phase."

Hanoun concluded his statement by emphasizing that "the Ministry of Trade, under the direct guidance of the Prime Minister, is proceeding to complete all technical and legal requirements in cooperation with relevant ministries and agencies, with the goal of achieving Iraq's full membership in the World Trade Organization in the coming period, which will contribute to enhancing the competitiveness of the national economy and attracting foreign investment." LINK

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

Mnt Goat   Last week, the CBI announced plans to remove zeros from dinar, as part of efforts to strengthen the national currency.  Article quote: “The matter of removing zeros from the Iraqi currency is a project that still exists and is ongoing. We are planning for it, and in the future, we will see progress on this matter,”...   Can the CBI conduct the project in just a few more months?...I am sure they have a time table...because they told us. 

Bruce   [via WiserNow]  ...we are most likely getting notified Monday or Tuesday of next week. Now we could get something Sunday...I know that’s a little  ways off, I know, but you know what? We made it this far, and we're not going to stop now...We're going to... pursue this all the way to its logical conclusion, right? ...and...this is what I've been told...we should get started before the end of October...we are, in a good place...So let's see what happens...

Frank26    [Iraq boots-on-the-ground report]  FIREFLY: They come out today and started talking more about the notes.  They gave us point by point.  First point, security features of the new notes were previously unveiled by the CBI including raised marks for the visually impaired and enhanced anti-counterfeiting measures.  They said these notes are designed to circulate alongside existing currency for now... FRANK:  None of this can happen at the rate they're at right now.  In January they were projecting [In a CBI article] this was going to happen to their currency and this currency would be replaced with lower notes...Every day it gets more and more exciting... Excitement is not even close enough to describe what's happening...

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

FAKE Buffett AI: “DUMP GOLD!” – TIME TO BUY! They Want YOUR Money

Daniela Cambone:  10-25-2025

“The garbage that is out there… all they are trying to do is manipulate the market for their own personal gain,” Todd "Bubba" Horwitz states, referring to the AI-generated deep fake videos that were being used in a coordinated campaign to attack gold.

 In today's interview with Daniela Cambone, Bubba breaks down why this desperate attack is a signal of strength for gold, not weakness.

 He argues that after a powerful rally, this is exactly the kind of shakeout you should expect. “You get these big dramatic up moves... there's going to be a pullback.

Don't worry about it. Use that as a buying opportunity,” he advises. Find out why the "charlatans" are so desperate to get your gold now and why Bubba believes every portfolio needs this hard asset protection.

https://www.youtube.com/watch?v=i1TZN_dWUtk

Jon Dowling: Weekly RV and Financial Updates for October 24th, 2025

Jon Dowling: Weekly RV and Financial Updates for October 24th, 2025

10-25-2025

Jon Dowling’s latest “RV Report” Friday, October 24th, 2025, update delivered a potent blend of geopolitical, financial, and commodity analyses, with particular emphasis on Iraq’s economic transformation, the unfolding silver crisis, and the dynamic cryptocurrency market.

A significant portion of Dowling’s report focused on Iraq’s ongoing journey toward economic revival and its highly anticipated currency redenomination.

 The process of removing zeros from the Iraqi Dinar is indeed underway, a crucial step in normalizing its value and integrating it more fully into the global financial system.

However, Dowling stresses that this is a measured, gradual process, not an overnight event. Its ultimate success and timing are intricately linked to significant political and legislative milestones within Iraq.

 Critically, the report highlights the imperative removal of corrupt Iranian proxies embedded within Iraq’s Green Zone Parliament. Until these elements are addressed, the full potential of Iraq’s economic reforms, including the Dinar’s revaluation, will remain constrained. It’s a strategic game of patience, contingent on decisive internal political action.

Moving from geopolitics to precious metals, Dowling paints a stark picture for silver. The market is currently grappling with a severe supply shortage, a situation exacerbated by persistent problematic practices.

 The London Bank Metals Exchange (LBME) is reportedly in dire need of over 150 million ounces of physical silver to stabilize its position.

The primary culprit? The pervasive and distorting practice of naked short selling. This manipulation continues to suppress silver’s true market value, creating an increasingly precarious situation.

As demand for physical silver outstrips available supply, especially for industrial and investment purposes, the current market structure appears unsustainable. Dowling’s report underscores the urgent need for transparency and accountability to rectify this imbalance.

On a different digital front, the cryptocurrency landscape is buzzing with anticipation. Dowling dissected the recent guilty plea of Binance’s founder for enabling money laundering. While seemingly a negative development, Dowling interprets this as a crucial precursor to Binance’s potential return and full re-entry into the U.S. market.

He posits that this regulatory cleansing is paving the way for a more compliant and robust crypto ecosystem, signaling a forthcoming “super bull run” for crypto assets. This perspective suggests that the recent regulatory actions, rather than being a hindrance, are essential steps toward mainstream adoption and explosive growth in the digital asset space.

Amidst these larger narratives, the daily market pulse remains dynamic. The report reviewed current market prices for key assets: silver, gold, crude oil, and the dollar index. All showed modest gains, though volatility remained a defining characteristic.

This fluctuation was largely attributed to a combination of profit-taking by investors and short-covering activities, indicating a period of tactical movements rather than clear directional trends.

Beyond the numbers and policies, Dowling often brings a deeper, more reflective dimension to his reports.

He concluded with a poignant and prophetic message from the late Kim Clement, forecasting both turmoil and eventual prosperity for America throughout the fall season.

This serves as a powerful reminder that even in challenging times, a positive outcome is often on the horizon, urging viewers to endure with hope and foresight.

Jon Dowling’s October 24th RV Report is a masterclass in connecting the dots across disparate global events. From the slow grind of Iraqi reconstruction and the silver market’s urgent plea to the burgeoning crypto revolution and overarching spiritual insights, his analysis encourages a comprehensive view of our complex world.

 He thanks his viewers and promises further updates as new information emerges.

https://youtu.be/KiVn2g5c_as

https://dinarchronicles.com/2025/10/26/jon-dowling-weekly-rv-and-financial-updates-for-october-24th-2025/

“Tidbits From TNT” Sunday 10-26-2025

TNT:

Tishwash:  US envoy: Iraq is improving day by day and there are no limits to its capabilities

US President Mark Savaya's envoy sent a message to Iraq.

"I want to make Iraq great again," Savaya told the Chaldean Press.

He pointed out that he would like to "achieve peace and stability in the country by building strong bridges with the United States", explaining that "Iraq is improving day by day, without limits to its capabilities".  link

Tishwash:  Masrour Barzani: Article 140 of the Constitution must be implemented as it is after the elections

#Article 140

 The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, confirmed that the Kurdistan Democratic Party is preparing to implement several goals following the parliamentary elections scheduled in Iraq, noting work to implement Article 140 of the Constitution.

 Masrour Barzani said in a speech during his participation in an election carnival dedicated by the Kurdistan Democratic Party to candidates from the Kirkuk and Garmian regions, today, Saturday, October 25, 2025, that "Article 140 of the Constitution must be implemented as it is, and the constitutional provisions and articles must be applied as they are," adding: "We will no longer accept injustice." This time we will go to Baghdad to fight for our constitutional rights.

Masrour Barzani stated that "Kirkuk is the heart of Kurdistan", and "we are ready to sacrifice our blood and souls to return them to the embrace of Kurdistan", noting that "the people of Kirkuk must know that the one who sacrificed himself for Kirkuk throughout history is the Kurdistan Democratic Party".

The Prime Minister of the Kurdistan Regional Government and Vice President of the Kurdistan Democratic Party continued, "The injustice practiced against the Kurdistan Region is also practiced against Kirkuk, because Kirkuk is part of Kurdistan", stressing: "Kirkuk must return, and Khanaqin must return, as well as Makhmouz Zammar and Sinjar" to the embrace of Kurdistan.

 Masrour Barzani recalled the statement of the President of the Kurdistan Region, Nechirvan Barzani, that "the party will win a million votes in these elections", saying: "We are able to obtain a million votes, and we are able to regain Kirkuk and win as the largest political party in Iraq".

 The Prime Minister of the Kurdistan Regional Government touched on the situation in Kirkuk, and the level of services and life there, stressing that "if Kirkuk is run by the Parti, it will become a model of peaceful coexistence on the global level", and "whoever is loyal to Kirkuk must be characterized by actions and not just carrying slogans." He called on the people of the governorate to go to the polls and vote for his party, which bears the symbol 275, in the upcoming elections.

 Masrour Barzani stressed that Iraq's stability and development are reflected in Kurdistan, saying: "If security and stability are available in Iraq and its people are able to live in prosperity, Kurdistan will certainly achieve greater progress," stressing that "we will not allow Iraq to return to centralization and dictatorship," and "we must head to Baghdad to stand up to the plans being hatched against the Kurdistan Region."  link

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

Tishwash:  Iran Declares Major Private Bank Bankrupt Amid Deepening Financial Strain

The collapse of Ayandeh Bank exposes deep cracks in Iran’s financial system, with experts warning more failures could follow amid sanctions and weak oversight.

Iran has declared on Saturday one of its largest private banks, Ayandeh Bank, bankrupt, with its assets absorbed by the state-owned Melli Bank, marking one of the most dramatic collapses in the country’s modern banking history.

The move comes as Tehran grapples with renewed international sanctions and mounting economic instability.

Founded in 2012, Ayandeh Bank once operated 270 branches nationwide—150 of them in Tehran—but had recently been crippled by mounting debt.

According to Iran’s ISNA news agency, the bank’s accumulated losses had reached the equivalent of $5.2 billion, with debts of roughly $2.9 billion.

On Saturday, long lines of anxious depositors formed outside the bank’s shuttered branches in Tehran, with police deployed to maintain order.

State television quoted Melli Bank director Abolfazl Najarzadeh confirming that “the transfer from Ayandeh Bank to Melli Bank is now complete,” assuring customers their deposits would be protected.

Iranian Economy Minister Ali Madanizadeh attempted to calm public fears on Thursday, saying customers “had nothing to worry about.” However, Central Bank officials blamed “bad debts” and risky self-financing projects for the collapse.

Central Bank representative Hamidreza Ghaniabadi told the IRNA news agency that over 90 percent of Ayandeh Bank’s funds were lent to affiliated entities or bank-managed projects that failed to generate returns.

Among its most extravagant ventures was the Iran Mall—one of the world’s largest shopping centers—complete with cinemas, luxury stores, and an ice rink.

The failure of Ayandeh Bank underscores the fragility of Iran’s financial system, heavily burdened by mismanagement, corruption, and years of sanctions that have isolated the country from international markets.

Several other private and semi-state banks—including Sarmayeh, Day, Sepah, Iran Zamin, and Melal—are reportedly facing severe liquidity challenges.

The crisis unfolds against the backdrop of renewed United Nations sanctions, reimposed in September after months of fruitless diplomacy aimed at reviving the 2015 nuclear agreement.

Those sanctions—referred to as a “snapback” mechanism—were reinstated following Israeli and U.S. strikes on Iranian nuclear sites in June, further tightening the economic noose around Tehran.

Economists say the banking sector’s instability reflects broader structural weaknesses in Iran’s economy, where inflation exceeds 40 percent and the national currency continues to plummet against the US dollar. 

Observers from the industry warn that more bank failures could follow unless authorities enforce stricter financial oversight and attract foreign investment—both unlikely amid current geopolitical tensions.   link

Tishwash:  Sum Times I Can't Help Meself - I –

Tishwash:  . Ripley!!! -- ooooooh Ripley!! -- ""Bath Time"" 

Seeds of Wisdom RV and Economics Updates Sunday Morning 10-26-25

Good Morning Dinar Recaps,

Ripple Prime: The Quiet Revolution in Global Finance -- The Digital Wall Street Is Here   

How Ripple’s strategic acquisition is reshaping cross-border settlements and unlocking digital liquidity.

The Strategic Move

       ●  Ripple Labs, the blockchain giant behind XRP, has officially launched Ripple Prime—a professional-grade liquidity and settlement platform designed for institutional clients. The development follows Ripple’s acquisition of Hidden Road Partners, a global brokerage and prime services firm specializing in digital assets.

       ●  According to reports from Reuters, Coindesk, and The Block, the move gives Ripple direct access to deep institutional liquidity pools, bridging traditional finance and blockchain markets under a single unified settlement rail.

       ●  Garlinghouse’s vision: Ripple CEO Brad Garlinghouse emphasized that Ripple Prime will “unlock enterprise-grade liquidity for tokenized assets and payments”, positioning the firm as a cornerstone of future global finance infrastructure.

Why It Matters

       ●  Institutional On-Ramp to Blockchain Finance
Ripple Prime’s integration with Hidden Road opens the door for major financial institutions to access on-demand liquidity (ODL) directly, without relying on legacy correspondent banking systems.

🌱   This transition signals the gradual migration of settlement infrastructure from centralized banks to blockchain networks.

       ●  Accelerating Tokenized Asset Settlement
The partnership enables near-instant cross-border settlements in any fiat or crypto pair, dramatically reducing the friction and cost of moving value globally.

🌱 This is a critical pillar of the financial reset — instant, trustless settlement across asset classes.

       ●  Bridging Old and New Systems
Ripple’s network now sits at the intersection of central bank digital currency (CBDC) infrastructure and private liquidity platforms.

🌱 Such hybrid models are essential for building a multi-polar financial order that no longer depends solely on the U.S. dollar.

The Bigger Picture: A New Financial Architecture

Ripple Prime’s debut aligns with a broader structural shift:

• BRICS nations are advancing gold- and commodity-backed digital trade systems.

• The IMF is exploring new settlement architectures using tokenized assets.

• Western fintech firms like Ripple are positioning to mediate the convergence between traditional banks, CBDCs, and decentralized networks.

In essence: Ripple Prime represents not just another crypto product — but a core building block of a borderless liquidity layer, paving the way for a new global financial framework.

Ripple Prime is not just a rebrand — it’s a blueprint for a new economic structure.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – Ripple launches institutional trading platform Ripple Prime

• Coindesk – Ripple Expands Institutional Liquidity with Hidden Road Deal

• The Block – Ripple’s Next Phase: Ripple Prime and the Institutional Bridge

• FX Empire -- XRP News Today: Ripple Prime Launch Ignites XRP Demand Outlook

• BusinessWire – Ripple Official Announcement

~~~~~~~~~

Zelle’s Next Leap: Stablecoins Bring Banking Into the Blockchain Era

America’s biggest bank-owned payment network takes its first step toward a borderless digital money system.

The Announcement

Early Warning Services (EWS) — the consortium behind Zelle, jointly owned by major U.S. banks like JPMorgan, Wells Fargo, and Bank of America — announced on October 24, 2025, that it will begin using stablecoins to power international payments.

The goal: bring Zelle’s hallmark speed and convenience in domestic transfers to cross-border money movement, connecting 2,500 financial institutions worldwide under one digital payment rail.

Key Details

  ● Leveraging stablecoins: EWS will utilize stablecoins to enable instant global transactions, taking advantage of new regulatory clarity provided by the GENIUS Act (July 2025).
  ● Goal: Build a faster, safer, and cheaper alternative for international remittances, reducing reliance on traditional correspondent banks.
  ● Network reach: The rollout will cover all 2,500 financial institutions already using the Zelle network.
  ● Unconfirmed details: It’s still unclear whether EWS will issue its own stablecoin or adopt a regulated third-party token such as USDC or PayPal USD.
  ● Market disruption: The move positions Zelle to directly compete with Western Union, MoneyGram, and PayPal, potentially redefining the remittance industry.

Industry Implications

This marks a pivotal moment: legacy banks are entering blockchain finance through one of their most successful payment systems.

Analysts note that by integrating stablecoins, Zelle is effectively bridging traditional bank infrastructure with digital settlement networks — the very mechanism driving the new financial architecture envisioned by Ripple, the IMF, and BRICS-aligned systems.

“This is not just about payments — it’s about interoperability between old money and programmable digital cash,” one fintech strategist told Forklog.

Why This Matters

  ● Out with the Old: Traditional SWIFT-based transfers may soon be replaced by tokenized, instant settlements built on distributed ledger systems.
  ● In with the New: Stablecoin integration by a U.S. bank consortium shows how regulated digital assets are now being woven into mainstream finance.
  ● Toward a Financial Reset: When institutions like Zelle’s banking network adopt blockchain rails, it signals the migration of global liquidity into a transparent, programmable system — a key step toward a global financial reset built on digital settlement layers rather than fiat intermediaries.
  ● Analogy: Much like the telegraph gave way to the internet, this shift represents the “Internet of Value” — money moving at the speed of information.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Ledger Insights – Bank-owned Zelle to launch stablecoin-based cross-border payments

• Forklog – Zelle Payment Network Integrates Stablecoins for Cross-Border Transfers

• Payments Journal – Zelle’s Stablecoin Could Mark Its Entry to Cross-Border Payments

~~~~~~~~~

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Iraq Economic News and Points To Ponder Sunday Morning 10-26-25

The Most Notable Achievement In 2025
 
Economic 10/26/2025  Yasser Al-Mutawali  In an evaluative look at the most prominent achievements of the year 2025,  in my estimation as someone interested in and observing economic affairs,  is the launch of Iraq's Vision 2050, as a pioneering step, albeit theoretically,  on the path to sound construction and development.

This step comes as Iraq is experiencing difficult times due to numerous economic,  political and social challenges,
in addition to international variables that require the mobilization of all capabilities to deal with them decisively.
 
To clarify, it is necessary to point out the following approach,  where the vision in the free liberal system is parallel  to the long-term plan in the totalitarian system,  especially with an equal time period  or at least the approximation between them from 20 years and up.
 
The difference lies in the means of implementation.
 
The vision is defined by the state and implemented through a collaborative effort between the state and the private sector,  with the private sector bearing the lion's share of implementation.
 
Meanwhile, the plan is developed by the state and implemented solely by its institutions.
 
Here, you can observe the differences in the results and objectives.
 
We leave that to your interpretation.
 
Perhaps ambition motivates us to ensure that the  state proceeds with implementing the vision’s programs and objectives,  while providing the requirements, controls, foundations, and entities for implementation,  rather than remaining a temporary slogan or within the concept of burning stages.
 
This assessment comes as we are now in the last quarter of 2025, and  the remaining period includes the upcoming elections,  which will inevitably establish a new government and a new parliament.
 
Herein lies the reservation regarding the possibility of the vision being implemented,  as we are accustomed to any future government erasing any trace of its predecessor.
 
Therefore, I said we hope that the vision will not be a temporary slogan.
 
We indicated in our previous article that Iraq Vision 2050 is a vision for building Iraq and is not limited to a specific governmental phase.
 
Therefore, it requires that any future government proceed with its implementation.
 
We find it necessary to clarify important aspects that contribute to the contents and objectives of the vision.
 
This is achieved by focusing on extremely important aspects, foremost among which is the priority given to infrastructure to successfully implement the Vision's projects.
 
This is followed by focusing on attracting foreign investments to implement the Vision's programs by offering the necessary facilities and incentives, and not being stubborn about the wealth we possess to enrich it.

Here I point out that the Saudi Vision 2030 experience, despite its potential and wealth, has focused on attracting global investments to boost the Kingdom's imports.
 
It is useful to benefit from the experiences of our Arab and regional brothers and friends, as well as from global experiences in building their countries.
 
Therefore, Iraq Vision 2050 has been considered the most prominent achievement of the year 2025.
 
We call for supporting the momentum of this vision's success to build a new Iraq that lives up to its reputation, status, and potential to create prosperity and bring happiness to its people.    https://alsabaah.iq/122683-.html 

Antitrust Conference Outlines Fair Market Economy
 
Economic 10/26/2025  Baghdad: Hussein Thaghab  The second annual conference of the   Competition and Anti-Monopoly Council,  which kicked off last Thursday in Baghdad,  provided a high-level dialogue platform bringing together decision-makers, researchers, and experts to discuss ways to develop a fair competitive environment that contributes to strengthening the national economy  and consolidating the principles of transparency and sustainability.
 
The conference, sponsored by Prime Minister Mohammed Shia al-Sudani and organized by the Council in cooperation with the Ministry of Higher Education and Scientific Research,  witnessed broad participation from representatives of ministries,  government agencies, professional unions and syndicates, and the private sector,  in addition to a group of academics and international organizations.
Competition Affairs Specialist.
 
Economic transition
 
In his speech at the conference, the Prime Minister's representative,  Counselor Dr. Abdul Hussein Al-Anbaky, said:
 
"The government attaches great importance to the issue of competition  and the prevention of monopoly, and has implemented the relevant law,  which has resonated greatly,  given its importance in the economy's transition to a significant new phase."
 
Al-Anbaky added that monopoly leads to declining performance and negatively impacts market development, noting that competition reduces costs, and the more we move toward general competition, the more we will achieve realistic price levels based on supply and demand.
 
Strengthening the reality of reform
 
Chairman of the Competition and Anti-Monopoly Council, Dr. Ahmed Younis Qasim, explained that the government's implementation of Law No. 14 of 2010 in 2023  has achieved a shift within the local market,  particularly as it is part of the government's program,  which enhances the reality of economic reform  and creates an ideal environment within the local labor market.
 
He pointed out that the transition to a free economy requires sound policies at a time when the economic system is linked to oversight and competition.
 
He explained that implementing the law contributes to supporting production, strengthening the national labor market,
and aligns with the government's efforts to achieve sustainable economic development.
 
It also supports small and medium-sized enterprises.

Addressing monopoly problems
 
Younis pointed out that the council is working to combat any monopolistic behavior   and is cooperating with public and private institutions to address monopoly issues.
 
He noted that the council is working to open branches in several governorates  to expand its scope of activity in supporting the national economy.
 
Younis emphasized that Iraq has an active presence in Arab and international competition and antitrust councils, and that we are working to exchange expertise in cooperation with global competition bodies.
 
Promoting a culture of competition
 
For his part, Deputy Secretary-General of the Council of Ministers,  Farhad Nimatullah Hussein, called for strengthening institutional coordination between government agencies and the private sector  to foster a transparent and open economic environment. He noted that  fostering a culture of competition contributes to supporting investment,  developing markets, and achieving sustainable development.
 
Hussein added that the government recognizes that competition is a driver of the economy and supports efforts to create a suitable business environment. He noted that the government has worked to enact laws that activate the local market and prevent competition and monopoly.
 
Justice in opportunities
 
In this context, economic expert Hisham Khaled Abbas  considered promoting competition and preventing monopolies an important step  adopted by the government over the past two years,  as it provides the labor market with true stability  and prevents monopolies to ensure fair distribution of opportunities  within the national labor market.
 
Abbas added that the national economy is entering a new phase,  which will require those seeking to work in the growing Iraqi labor market to prove their worth.
 
The Iraqi labor market is considered one of the most important markets in the world,  with its unique features that make it virtually unique among international markets.
 
Competition between actors
 
For her part, Natalie Khaled,  ESCWA Competition and Consumer Protection Project Coordinator,  commended Iraq's efforts to build a modern institutional system  that contributes to developing the legal and regulatory frameworks for competition.
 
Khaled stated that competition among actors strengthens competitive systems  and limits hegemonic practices,  emphasizing that the Arab region is witnessing a widespread anti-monopoly culture,  which plays a role in creating a favorable environment for work and investment.
 
Khaled expressed her support for the directives and legislation that prevent monopolies, especially in light of the existence of a common Arab vision that prohibits such practices and enhances competition in Arab countries.

Goods quality
 
Meanwhile, Dr. Saba Talib, a competition and monopoly expert,  explained that since 2003, the political system has transformed  from a dictatorial to a democratic pluralist system,  accompanied by a shift in the economic system  from a planned (socialist) to a (capitalist) system.
 
This transformation was not carried out in scientifically calculated steps,  which negatively affected the economy  and led to a state of turmoil and chaos  and the creation of a group of economic blocs that began to control the economy  and the general level of prices  and affected the general atmosphere of competition in the country.
 
This led to some businessmen controlling basic economic joints  and controlling the quality of goods as well as the origins of those goods.
 
The first to be affected was the citizen (the consumer),  as this situation led to the entry of low-quality goods at high prices.  The main reason is the failure to separate the economic sector  from the political influences of parties. And political blocs.
 
market economic policy
 
She pointed out that the conference focused on discussing market issues  and how to achieve fair competition within it,  activating the Competition and Anti-Monopoly Council Law No. 14 of 2010,  confronting the challenges facing the Iraqi market, proposing appropriate solutions to enforce the aforementioned law,  and implementing a market economic policy that makes competition fair to attract investment.
 
It was emphasized that dialogue and cooperation between the relevant parties should continue to keep pace with modern economic and technological transformations,  ensuring the establishment of a fair and prosperous market environment in Iraq.
 
Fair competition employment
 
For his part, Dr. Maitham Adham Al-Zubaidi,   Vice Chairman of the Competition and Anti-Monopoly Council,  considered the conference a milestone in Iraq's economic reform process,  not only because it brought together local and international officials and experts under one roof,  but also because it refocused attention on a fundamental issue that is often overlooked:  the use of fair competition as a lever for sustainable development.  Al-Zubaidi added that
 
Building a balanced market
 
the conference represents a shift from traditional discourse on reform to a  more in-depth discussion on how to build a balanced market governed by efficiency, not monopoly,  and transparency, not self-interest.
 
He explained that its focus on the role of  Competition and Anti-Monopoly Law No. 14 of 2010, pro-competition policies, and competitive neutrality between the public and private sectors reflects a growing awareness that the economy is not built solely on administrative orders and theorizing,  but rather on a regulatory and procedural environment that unleashes legitimate competition, stimulates innovation, and prevents economic centralization. 

He explained that the   inclusion of topics on digital transformation and artificial intelligence in the dialogue sessions indicates a true awareness of the future challenges facing markets in  e-commerce and digital marketing platforms, and  the need to align legislation with the knowledge economy.

He stressed that   the conference strengthened institutional dialogue between the government and the private sector,  in a direction that places competition at the heart of economic justice policies through the participation of conference sessions with pharmaceutical office suppliers, insurance services companies, and interaction. With audience questions.    https://alsabaah.iq/122682-.html  

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

MilitiaMan and Crew: IQD News Update-Dinar Coin-Exchange Rate-Stability

MilitiaMan and Crew: IQD News Update-Dinar Coin-Exchange Rate-Stability

19-25-2025

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

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

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

https://www.youtube.com/watch?v=X0kBnAawnJs