‍The Death of the Dollar Just Died

‍The Death of the Dollar Just Died

Heresy Financial:  7-2-2026

TIMECODES

0:00 The dollar's "death" was greatly exaggerated

0:52 What a stronger dollar means for your portfolio

1:28 Bretton Woods: how the dollar took over (1944)

2:41 1971: Nixon ends the gold standard

3:37 The petrodollar — and why it's breaking down

4:39 The 2026 war playbook & its 4 pillars

5:31 Chaos, rebuilding & the engineered dollar shortage

6:44 Control the money, control everything

7:50 Wall Street agrees: is de-dollarization over?

https://www.youtube.com/watch?v=ZiC3kOBHh1I

Iraq Economic News and Points To Ponder Friday Morning 7-03-26

Advisor To Prime Minister Saleh Mahoud: Iraq Succeeds In Securing The First International Funding With A Sovereign Guarantee To Support The Private Sector

Money and business    Economy News – Baghdad   Dr. Saleh Mahoud Salman, Advisor to the Prime Minister, announced the completion of the first international funding process for a project belonging to the Iraqi private sector with an Iraqi sovereign guarantee, in cooperation with the German Foundation AKA Ausfuhrkredit-Gesellschaft mbH, and in partnership with the German Commerzbank, in an important step within the government's efforts to support economic reform and enhance the confidence of international financial institutions in the Iraqi economy.

He explained that this process represents the beginning of a new stage in the use of sovereign guarantees to attract international finance, technology and investments, which contributes to enabling the private sector to implement development and production projects with direct economic impact, and reflects the success of building partnerships with leading international banking institutions, foremost of which is Commerz bank, one of the most prominent European banks.

He added that this achievement is the first of a series of development finance projects that are expected to be implemented during the next phase, in order to support the diversification of the national economy, promote local industry, provide job opportunities, and establish partnerships with international financial institutions.

Dr. Saleh Mahoud Salman stressed that the success of this process is the result of coordination and cooperation between the Iraqi government agencies (the Ministry of Finance and the Iraqi Bank for Trade) and international partners, expressing his appreciation to all Iraqi and international parties that contributed to this achievement, which represents a practical step towards expanding financing and investment opportunities in Iraq, and enhancing the presence of banks and international financial institutions in financing Iraqi private sector projects https://www.economy-news.net/content.php?id=70931

Dollar Heads For Biggest Weekly Decline In Nearly 3 Months

Money and business    Economy News - Follow-up    The dollar is heading for its biggest weekly decline in nearly three months on Friday after a weak job report for June narrowed market expectations for the Federal Reserve’s interest rate hike, which in turn provided an outlet for the yen, which is under pressure.

The dollar continued to fall at the start of Asian trading, and the euro remained hovering near a two-week high of $1.1442. The pound held steady at $1.3361 and is heading for a 1.2 percent weekly gain in its best performance in nearly three months.

The risk-sensitive Australian dollar stood at $0.6935 and is heading to end a four-week losing streak. The New Zealand dollar traded at $0.5702 and rose 1.2 percent during the week.

The dollar index, which measures the performance of the U.S. currency against a basket of currencies, including the yen and the euro, fell 0.2 percent to 100.77 after falling 0.5 percent on Thursday. Since the beginning of the week, it has fallen 0.58 percent, the biggest weekly decline since early April.

U.S. job growth slowed sharply in June if the number of non-farm payrolls rose 57,000 in June, well below expectations of a rise of 110,000. The labor force participation rate fell to 61.5 percent, its lowest level in more than five years.

The data prompted traders to lower their expectations for the central bank’s rate hikes in the near term. According to C.I.'s FedWatch tool. M. E.C., markets expect ‘52 percent to raise interest rates at the September meeting, up from 64 percent in the previous session.

* Breathable for Lin

The Japanese yen in the latest trading reached ⁠161.01 against the dollar after rising about 1 percent in the previous session, which kept the currency from its lowest level in several decades as the dollar fluctuated.

Investors remained on the verge of possible intervention by the authorities to support the yen

https://www.economy-news.net/content.php?id=70929

Every Day A New Billionaire Is Born. $20 Trillion In The Hands Of Only 3302 People

Reconstruction and construction    Economy News - Follow-up   The number of billionaires around the world has reached a new record high, rising to 3302 billionaires, the highest ever recorded, driven by strong rises in asset and business markets, according to the latest report issued by UBS.

According to Bloomberg, the number of billionaires rose by about 13 percent in one year, at a time when their combined wealth jumped by 25%, a rate that far exceeds the pace of global wealth growth during the same period.

America and Asia are driving the boom.

Both the United States and Asia have led the recent growth in the wealth of the wealthy, capitalizing on the strong performance of equity markets and the continued prosperity in the technology and artificial intelligence sectors.

The report showed that the number of large wealth holders continues to rise, as there are currently 19 billionaires, each with more than $100 billion, and another 18 billionaires with wealth ranging from $50 billion to $100 billion.

A million new millionaires

The boom was not limited to billionaires, as the world also saw the addition of about 1 million new millionaires in 2025, in a sign of continued growth of private wealth in many economies.

Widening wealth gap

Despite this jump in the number of wealthy people, the report points to another less positive aspect, as the wealth levels of the average citizen have declined in many countries, reflecting the widening gap between the large wealth and the rest of the population.

The report argues that the world is not only seeing an increase in the number of billionaires, but also an increment in wealth distribution, as financial asset-holders continue to benefit from the faster-than-growing market incomes in many economies.

Artificial intelligence and markets are paying wealth

Analysts link this historic leap to the continued gains of global stock markets, especially in technology and artificial intelligence companies, along with the rise in the values of private companies and investment assets, which strengthened the wealth of major investors and entrepreneurs during the past year.

As the number of billionaires continues to record unprecedented levels, the report highlights a growing economic challenge of widening the wealth gap, which has become one of the most prominent issues for policymakers and major economies

https://www.economy-news.net/content.php?id=70936  

Artificial Intelligence Widens The Gap Between America And Europe In The List Of The Top 100 Global Companies

Arab and International Economy News - Follow-up    The artificial intelligence boom has boosted the dominance of U.S. companies among the world’s largest listed companies by market capitalization, while Europe continues to lose its standing as investors’ investment flows into tech stocks, according to a study by consulting firm Ernst & Young.

The study showed that US companies accounted for 56 of the top 100 listed companies in the world by market capitalization by the end of the first half of the year, ahead of China, which came with 12 companies, and then the United Kingdom and Japan with five companies each.

Germany had only one company in the list of the top 100 companies, after it had three companies at the beginning of the year, with Siemens in 72nd place, while SAP and Allianz fell to 114th and 115th place.

Nvidia, which specializes in the manufacture of electronic chips, topped the ranking with a market value of about $4.8 trillion as of June 30, followed by Alphabet, Apple and Microsoft.

Eight of the world’s top 10 companies by market capitalization were U.S., while Taiwan’s TSMC and Saudi Aramco were the only two companies from outside the United States in the top 10.

“We are currently witnessing a historic shift in the balance of power in the global equity markets,” said Henrik Alrs, managing partner at Ernst & Young in Germany, adding that companies that investors see as playing a leading role in the AI value chain, including chipmakers, cloud service providers, platform operators and data center companies, are gaining sharp rises in their market assessments.

Allers pointed out that Europe faces the risk of structural underdevelopment in one of the most important technologies in the world, due to the fragmentation of capital markets and the weakness of the venture capital system.

Ernst & Young said Germany’s representation among the world’s top 100 companies by market capitalization fell from seven in 2007 to just one now, in reference to the challenges facing Europe’s largest economy.

Allers said Europe still had strength in industrial engineering, but that equity markets were now rewarding technological leadership above all else.

However, some companies have improved their rankings, with Siemens Energy and Infinion making significant progress in their rankings https://www.economy-news.net/content.php?id=70935

Seeds of Wisdom RV and Economics Updates Friday Morning 7-3-26

Good Morning Dinar Recaps,

ECB Unveils Three-Pillar Digital Euro Roadmap, First Issuance Possible by 2029

The European Central Bank (ECB) has outlined a comprehensive three-pillar strategy to modernize Europe's financial system through a digital euro, tokenized settlement infrastructure, and faster cross-border payments. If approved, the initiative could pave the way for the first issuance of a digital euro by 2029, marking one of the world's most significant central bank digital currency (CBDC) projects.

 Overview

• The ECB has released a three-pillar roadmap for launching the digital euro and modernizing Europe's payment infrastructure.

• Regulatory approval is targeted for 2026, with pilot transactions expected in 2027 and a potential public rollout by 2029.

• The initiative aims to strengthen European payment sovereignty while supporting tokenized financial markets and reducing dependence on private stablecoins.

Key Developments

1. ECB Sets Timeline for the Digital Euro

ECB Executive Board member Piero Cipollone outlined a roadmap that targets regulatory approval in 2026, institutional pilot programs beginning in 2027, and the potential issuance of the digital euro by 2029. The retail digital euro is intended to complement physical cash while providing consumers with a secure, central bank-backed digital payment option.

2. Three-Pillar Strategy Modernizes Financial Infrastructure

The ECB's strategy focuses on three key initiatives:

• A retail digital euro for consumers with legal tender status.

• Wholesale settlement using tokenized central bank money for institutional transactions beginning in 2026.

• Interconnected fast-payment systems to improve cross-border payment efficiency throughout Europe.

Together, these initiatives are designed to create a modern payment ecosystem capable of supporting both traditional finance and tokenized assets.

3. Tokenized Settlement Gains Institutional Support

Beginning in September 2026, the ECB plans to allow institutions using distributed ledger technology (DLT) to settle transactions with tokenized central bank money rather than relying on private stablecoins. This move further integrates blockchain technology into regulated financial markets.

4. Europe Seeks Greater Payment Sovereignty

The ECB emphasized reducing Europe's dependence on foreign payment providers and privately issued stablecoins. Standardization agreements have already been signed with major European payment organizations to help ensure broad acceptance of the digital euro across retail payment networks.

Why It Matters

The ECB's roadmap represents one of the most advanced central bank digital currency initiatives among major global economies. Beyond introducing a digital euro, the strategy seeks to modernize payment infrastructure, strengthen financial sovereignty, and integrate tokenized finance into Europe's regulated financial system.

 Why It Matters to Foreign Currency Holders

The continued development of the digital euro demonstrates that major central banks are actively modernizing payment systems through tokenization and digital currencies. Investors following global monetary reform may view these developments as another significant milestone in the evolution of next-generation financial infrastructure.

Implications for the Global Reset

• Pillar 2 – Trade

A digital euro and faster cross-border payment systems could improve international settlement efficiency, lower transaction costs, and strengthen Europe's role in global commerce.

• Pillar 4 – Technology

The ECB's roadmap accelerates the adoption of tokenized finance, distributed ledger technology, and central bank digital currency infrastructure, helping modernize Europe's financial architecture.

Future Outlook

The next major milestone will be the European Union's regulatory approval process in 2026. If approved on schedule, pilot programs will begin in 2027 before a possible public launch in 2029, positioning Europe among the first major economies to deploy a large-scale central bank digital currency integrated with tokenized financial markets.

This is not just about launching a digital euro—it reflects Europe's broader strategy to modernize financial infrastructure, strengthen payment sovereignty, and prepare its economy for the next generation of digital finance.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Crypto Briefing – ECB board member lays out three-pillar plan for digital euro, with first issuance possible by 2029

• European Central Bank – Money in the Digital Age (Speech by Piero Cipollone)

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 🌱 A Message to Our Currency Holders🌱

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

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

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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

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Friday Iraq News Posted by Tishwash at TNT 7-3-2026

TNT:

Tishwash:  The US Treasury is tracking $300 billion outside the Iraqi banking system.

Informed sources revealed to Al-Mustaqilla information described as serious, indicating that the US Treasury informed the government of Ali al-Zaidi of the existence of sums of money estimated at about $300,000,000,000 believed to have left the official banking system.

According to the source, these funds are suspected to still be outside banking channels, specifically with certain political figures, away from direct financial oversight.

The source also pointed to what he described as “precise sequences of dollar movement allocated to Iraq,” where the path of funds is tracked and transfer and distribution operations are analyzed, in an attempt to uncover the whereabouts of large sums believed to be inside the country or outside the official financial system.

 The information added that ongoing tracking operations reveal – according to the source – a complex financial network linked to dollar flows inside and outside Iraq, which raises questions about the size of undeclared funds and their true paths.  link

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Tishwash:  The European Union hands over to the Ministry of Finance the assets of a project to develop public financial management in Iraq.

The European Union handed over, on Wednesday (July 1, 2026), the assets resulting from the "Strengthening Public Finances and Financial Markets" project to the Iraqi Ministry of Finance, in a move aimed at supporting public financial management and enhancing joint cooperation in the fields of macroeconomics and investment.

The EU said in a statement received by Baghdad Today that “today, EU-funded assets were officially handed over to the Iraqi Ministry of Finance, in an important step that reflects our shared commitment to strengthening public financial management.”

He added, “During the handover ceremony, both the Director General of the Administration Department at the Ministry of Finance, Sadiq Huwaidi Abbas, and the Head of the New Cooperation Section at the European Union Mission, Wim Rippma, spoke about the depth of the partnership and its outstanding results between the European Union and Iraq in the fields of economy and investment.”

The statement indicated that “the transfer of assets resulting from the ‘Strengthening Public Finances and Financial Markets’ project, funded by Germany and implemented by GIZ, reflects the sustainable impact of this cooperation and paves the way for continued joint work to establish transparent, effective and sustainable public financial management in Iraq,” adding that “together we look forward to a new chapter in our partnership.”  link

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Tishwash:  Enhancing the investment environment tops the agenda of Al-Zaidy's meeting with businessmen, along with broader support for the private sector.

Prime Minister Ali Faleh al-Zaidi discussed with a group of Iraqi businessmen ways to develop the investment environment and expand the contribution of the private sector to the economic development process.

The Prime Minister’s Media Office stated in a statement that “Prime Minister Ali Faleh Al-Zaidi received a group of Iraqi businessmen in various commercial, industrial and financial sectors.”

According to the statement, the Prime Minister affirmed “the government’s commitment to providing a safe investment environment and supporting all legislation and laws that contribute to achieving the requirements for investment, commercial and industrial success.”

He pointed out that “the private sector is an important partner in development and service projects in Iraq.”

He pointed out that “the government will support his active presence within the framework of its plan included in the ministerial program, which focuses on freeing the economy from the single-system model and employing all capabilities  to diversify sources of income and maximize resources.  link

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Tishwash:  The Central Bank and the Integrity Commission are taking action to close "money laundering channels" – statement

The Governor of the Central Bank of Iraq, Nizar Nasser Hussein, and the Head of the Federal Integrity Commission, Mohammed Ali Al-Lami, agreed today, Thursday (July 2, 2026), to put in place rapid coordination mechanisms to dry up the avenues for smuggling money by activating proactive monitoring and exchanging immediate data.

 The meeting, which took place at the bank's headquarters and was attended by both sides on the occasion of the new governor assuming his position, witnessed an in-depth discussion of the files of protecting public funds, where it was decided to form a joint coordination working group to close the legal and procedural gaps, and to pursue illegal proceeds to recover them in accordance with the legal frameworks.

 The Governor of the Central Bank of Iraq, Mr. Nizar Nasser Hussein, received at the bank’s headquarters the Head of the Federal Integrity Commission, Dr. Muhammad Ali Al-Lami, who offered his congratulations and blessings to His Excellency on the occasion of his assuming his new position, wishing him success in managing the country’s monetary policy.

The meeting witnessed an in-depth discussion of a number of vital files of common interest, where both sides stressed the importance of institutional integration between the Central Bank and regulatory bodies to protect public funds and enhance the environment of integrity and transparency in all state institutions.

In a strategic move to enhance financial security, the head of the Integrity Commission and the governor of the Central Bank agreed to strengthen joint coordination mechanisms with the aim of drying up avenues for money smuggling and combating the challenges facing the financial system, through activating proactive oversight and exchanging real-time data, which represents a fundamental pillar in pursuing corruption crimes, and tracking smuggled funds and illicit proceeds to recover them in accordance with legal frameworks.

At the conclusion of the meeting, both parties emphasized the need for the swift implementation of the joint agreements and the formation of a coordinating working group to ensure that any legal and procedural loopholes that could be exploited in financial transactions are addressed.  link

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Tishwash:  Diversifying the Iraqi economy: A historic opportunity or a project that clashes with old obstacles?

 Economic reform is one of the most prominent challenges facing Iraq, given the continued heavy reliance on oil revenues and the direct impact of fluctuations in global energy prices.

Conversely, there are increasing calls to adopt economic policies based on diversifying income sources, encouraging investment, and strengthening the role of the private sector, which would contribute to building a more stable economy capable of facing crises.

With the current government adopting a package of economic plans and reforms, a question arises about its ability to translate this vision into tangible results that reflect on the lives of citizens and the national economy.

Economic expert Abbas Al-Shatri confirmed today, Thursday (July 2, 2026), that the current government adopts an economic vision different from the previous government, based on diversifying income sources and reducing dependence on oil revenues, in addition to stimulating investment and developing the economic infrastructure.

Al-Shatri told Baghdad Today that “Iraq is working genuinely to save the Iraqi economy from the accumulated challenges, based on an economic vision that focuses on structural reforms rather than temporary solutions, which distinguishes its approach from many previous governments.”

He explained that "the success of this vision remains contingent on the continued implementation of reforms, the provision of a supportive legislative and administrative environment, as well as combating corruption and strengthening partnership with the private sector, which will positively impact growth rates and job opportunities."

He added that "Iraq possesses great economic potential that qualifies it to achieve a qualitative leap in the coming years if reform policies continue and development projects are implemented according to clear timetables, and the current stage represents an opportunity to lay the foundations for a more diversified and sustainable economy."

For many years, the Iraqi economy has relied mainly on oil revenues, which represent the largest share of the general budget revenues, making it vulnerable to the fluctuations of global markets.

Over the past years, many government programs have been proposed for economic reform and diversification of income sources, but challenges such as corruption, bureaucracy, a weak investment environment, and delays in project implementation have limited the achievement of broad results.  link

Iraq Economic News and Points To Ponder Thursday Evening 7-02-26

The Dollar Records A New Decline Against The Iraqi Dinar In The Local Markets

Last Updated: July 1, 2026   The exchange rates of the US dollar, on Wednesday, a new decline against the Iraqi dinar in the local markets, amid slight changes in the movement of supply and demand within the market.

According to market data, the selling price of the dollar recorded 155,500 dinars per 100 dollars, while the purchase price reached 154,500 dinars per 100 dollars, in an indication of the continued volatility in exchange rates during the recent period.

This new decline comes at a time when local markets are following the developments of monetary policy and regulatory measures related to the exchange market, which aim to achieve greater stability in the price of the currency.

Traders in the market are waiting for more indicators in the coming days, to see if this decline will be the beginning of a continuous downtrend or just a temporary correction within the usual fluctuation range.

Exchange rates in Iraq remain subject to multiple factors, including the movement of demand for the dollar, control procedures, and internal and external economic developments. LINK

US Treasury Tracks $300 Billion Out Of Iraq’s Banking System

Last Updated: July 1, 2026  Independent sources revealed to the «independent» information described as dangerous, indicating that the US Treasury informed the government of Ali al-Zaidi of the existence of amounts estimated at $ 300,000,000,000 believed to have left the official banking system.

According to the source, these funds are suspected of being still outside banking channels, specifically by some political figures, away from direct financial supervision.

The source also pointed to the existence of what he described as "accurate sequences of the movement of the dollar allocated to Iraq," where the trajectory of funds is tracked and analysis of transfers and distribution, in an attempt to reveal the whereabouts of large sums believed to be inside the country or outside the official financial system.

According to the source, the ongoing tracking operations reveal a complex financial network linked to dollar flows inside and outside Iraq, opening the door to questions about the size of undeclared funds and their real trajectories.   LINK

Public Funds Stolen In Iraq Surpass $2 Trillion Since 2003

Iraq   Amr Salem   July 2, 2026   Baghdad (IraqiNews.com) – The Iraqi Prime Minister’s legal advisor, Munir Haddad, revealed that more than $2 trillion have been stolen from Iraq since 2003.

According to the Iraqi News Agency, Haddad stated that the number of suspects continues to increase as investigations with the arrested ones are ongoing.

The Iraqi government launched a countrywide anti-corruption campaign on Sunday known as “Operation Dawn.” Prime Minister Ali al-Zaidi ordered the crackdown, which has resulted in the arrests of several lawmakers and senior officials, as well as the recovery of millions of dollars, gold, luxurious cars, and real estate.

Iraqi security forces began the massive campaign following judicial orders, targeting dozens of current and former government officials.

The step, which included lifting parliamentary immunity and overnight raids in Baghdad’s Green Zone, is based on confessions and investigations into the major arrest of Adnan al-Jumaili, a deputy oil minister accused of corruption.

Primary suspects have delivered extensive confessions, prompting security and judicial officials to arrest more individuals, according to Haddad.

The Iraqi official clarified that some of the suspects attempted to leave the country or seek a safe haven in Iraqi Kurdistan, but Kurdish authorities have shown cooperation and handed over eight suspects so far.

The offenses being investigated include both typical embezzlement and money laundering.

According to Haddad, the sums seized by the authorities are incredible. For example, the wife of one of the defendants purchased a home worth $5 million. Furthermore, some of the accused hold over 50 properties registered in their own or family members’ names.

The campaign will cover several Iraqi provinces. “The investigations and arrests are ongoing and will not adhere to a specific timeline,” Haddad said. They are being conducted in complete secrecy to prevent any individuals who are wanted from fleeing.

https://www.iraqinews.com/iraq/public-funds-stolen-in-iraq-surpass-2-trillion-since-2003/ 

Iraq Seeks To Raise Oil Output Ahead Of Global Energy Transition

Iraq   Amr Salem   July 2, 2026    Baghdad (IraqiNews.com) – Iraq seeks to boost oil production and optimize its reserves for revenue generation before a global energy transition potentially reduces oil demand.

Iraq is adopting an approach that delaying the development of oil reserves may be less cost-effective than increasing output at the present time, according to Reuters.

Oil constitutes approximately 90 percent of the revenue for the Iraqi government. The recent conflict and the resulting turmoil forced Baghdad to cut its daily output from over 4.2 million barrels to under 1.5 million barrels in May. This situation underscores the urgent need to increase production to recover the lost revenue.

New investments worth billions of dollars from businesses such as British Petroleum (BP), TotalEnergies, and ExxonMobil have raised hopes that Iraq would be able to transform its massive oil reserves into long-term financial benefits. However, this approach raises concerns about a potential significant decline in global oil consumption in the years ahead.

The main concern involves the potential for increased supplies from various producing countries, which could lead to a supply glut and a decline in oil prices. This is particularly relevant as global output is projected to rise by nearly eight million barrels per day by 2027, while the growth in demand is expected to be slower.

The Iraqi strategy is based on the timing factor due to the uncertainties over when global oil demand will decline and whether producers can profit from their reserves prior to that time.

https://www.iraqinews.com/iraq/iraq-seeks-to-raise-oil-output-ahead-of-global-energy-transition/

8 million barrels of Iraqi crude oil still trapped on tankers

Iraq   Amr Salem   July 2, 2026    Baghdad (IraqiNews.com) – Over eight million barrels of Iraqi crude oil are still trapped aboard ships, but over 100 million barrels of crude oil and petroleum products that had accumulated in the Gulf have begun to slowly flow back to international markets, offering a temporary relief from supply constraints, Shafaq News said on Thursday, citing a report issued by S&P Global Commodity Insights.

Iraq, along with Oman, has been identified as one of the Middle East’s top countries to reactivate oil output, while key refineries in Saudi Arabia, Bahrain, and Kuwait would take months to restore operations, according to the report.

The total amount of crude oil in the Arabian Gulf reached around 90.5 million barrels, with the remainder divided among other petroleum products. More than 90 million barrels of crude oil were aboard vessels ready to be transported.

According to estimates, Iraq has around 8.3 million barrels of oil stuck on tankers, following only Iran with 31.7 million barrels, Saudi Arabia with 18.7 million barrels, and the UAE with 17 million barrels. Kuwait recorded 8.1 million barrels, Qatar had 4 million, and Oman had 2.2 million barrels.

Most Gulf oil exports are bound for East Asian markets. This demonstrates that the resumption of these supplies may have an impact on the global supply-demand balance, affecting oil prices and producing nations’ income.

International banks anticipate that exports will return to pre-war levels in July, but there is still concern that the effects of such quantities will be temporary until actual production in the region improves.

 https://www.iraqinews.com/iraq/8-million-barrels-of-iraqi-crude-oil-still-trapped-on-tankers/

Seeds of Wisdom RV and Economics Updates Thursday Evening 7-2-26

Good Evening Dinar Recaps,

SEC Launches ‘Project Crypto’ to Bring Traditional Finance On-Chain

The U.S. Securities and Exchange Commission has unveiled Project Crypto, a sweeping initiative designed to modernize securities regulations for blockchain-based financial markets. The proposal aims to create clearer rules for tokenized assets, digital securities, and cryptocurrency markets while supporting innovation under a regulated framework.

 Overview

• The SEC has launched Project Crypto to modernize U.S. securities regulations for blockchain-based financial markets.

• Most digital assets may no longer be classified as securities, potentially reducing legal uncertainty for much of the crypto industry.

• The initiative supports tokenized financial markets while coordinating regulatory oversight with the CFTC.

Key Developments

1. SEC Introduces Project Crypto

SEC Chairman Paul Atkins announced Project Crypto, a comprehensive initiative designed to update securities regulations so traditional financial assets—including stocks, bonds, and other securities—can operate efficiently on blockchain infrastructure. The effort aligns with recommendations from the President's Working Group on Digital Assets and supports the broader adoption of tokenized finance.

2. Most Digital Assets Could Avoid Securities Classification

One of the proposal's most significant changes is the SEC's position that the majority of digital assets should not automatically be treated as securities. If adopted, many blockchain projects could operate under clearer regulatory guidelines rather than facing ongoing uncertainty over securities laws.

3. SEC and CFTC Plan Joint Regulatory Framework

The SEC and the Commodity Futures Trading Commission (CFTC) are expected to establish a Memorandum of Understanding to better define regulatory responsibilities for digital assets that fall outside traditional securities laws. This coordinated approach aims to reduce overlapping oversight and improve regulatory clarity.

4. New Rules Planned for Tokenized Markets

The SEC's Crypto Task Force, led by Commissioner Hester Peirce, will develop proposals covering:

• Digital asset custody

• Tokenized securities trading

• Market structure modernization

• Decentralized finance (DeFi) integration

• Distribution standards for digital assets

The agency expects updated market structure rules to be introduced during 2026.

  Why It Matters

Project Crypto represents one of the strongest indications yet that U.S. regulators are preparing for a financial system where traditional assets and blockchain technology operate together. Clearer regulations could encourage greater institutional participation, accelerate tokenization, and reduce legal uncertainty that has slowed innovation across the digital asset industry.

Why It Matters to Foreign Currency Holders

A more defined regulatory framework for tokenized financial assets could accelerate the development of tokenized currencies, stablecoins, and blockchain-based payment systems. As global financial infrastructure continues to modernize, investors following currency reform and digital asset adoption may view these regulatory developments as an important step toward faster and more efficient financial markets.

Implications for the Global Reset

• Pillar 2 – Trade

Clearer rules for blockchain-based financial markets could support faster cross-border payments, tokenized settlements, and more efficient global financial transactions, reducing friction in international commerce.

• Pillar 4 – Technology

Project Crypto advances the modernization of U.S. financial infrastructure by creating a regulatory framework that supports tokenization, blockchain networks, and digital asset innovation within regulated markets.

Future Outlook

The SEC plans to continue developing Project Crypto through 2026 alongside the CFTC and industry participants. If implemented successfully, the initiative could position the United States as a leading jurisdiction for regulated digital assets while encouraging broader adoption of tokenized securities and blockchain-based financial services.

This is not just about cryptocurrency—it reflects a broader transformation of financial markets as regulators build the legal framework for tokenized assets, digital infrastructure, and the next generation of global finance.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Crypto Briefing – SEC launches ‘Project Crypto’ to bring traditional finance on-chain

• U.S. Securities and Exchange Commission – SEC Crypto Task Force

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Seeds of Wisdom RV and Economics Updates Thursday Afternoon 7-2-26

Good Afternoon Dinar Recaps,

IMF Says Tokenization Could Transform Settlement and Financial Stability

The International Monetary Fund (IMF) says tokenization could fundamentally reshape global financial markets by enabling near-instant settlement, improving efficiency, and modernizing financial infrastructure. While the IMF sees enormous potential, it also warns that common standards and coordinated regulation will be essential to prevent new systemic risks as tokenized finance expands.

 Overview

• The IMF says tokenization could significantly improve global financial market efficiency by accelerating settlement and modernizing asset ownership.

• The organization warns that without global interoperability standards and coordinated regulation, tokenized markets could become fragmented and introduce new financial risks.

• Major banks, regulators, and financial institutions are rapidly advancing tokenized finance initiatives, signaling that blockchain infrastructure is moving into the financial mainstream.

Key Developments

1. IMF Endorses Tokenization as a Major Financial Innovation

The IMF stated that tokenization is no longer simply a cryptocurrency concept but a technology capable of transforming traditional finance. By placing assets, settlement, and recordkeeping onto shared distributed ledgers, transactions that currently require several days could potentially settle within minutes or seconds.

2. Faster Settlement Could Improve Global Liquidity

Near-instant settlement may reduce counterparty risk, lower operating costs, free up capital, and improve liquidity across financial markets. The IMF believes these efficiencies could modernize payments, securities settlement, and asset transfers worldwide.

3. Regulators Face Critical Policy Decisions

The IMF stressed that governments and regulators have a limited window to establish global standards. Decisions involving interoperability, governance, settlement assets, smart contracts, and the future role of central banks will determine whether tokenization strengthens or fragments the global financial system.

4. Traditional Financial Institutions Continue Moving Toward Tokenization

Large financial institutions continue expanding tokenization initiatives. The Clearing House, whose owners include major U.S. banks, is preparing a tokenized deposit network, while additional research from PwC and Moody's indicates banks are actively preparing for broader blockchain integration.

5. SEC Continues Developing U.S. Regulatory Framework

The U.S. Securities and Exchange Commission continues refining how existing securities laws apply to tokenized assets. The agency is also evaluating an innovation exemption that could allow firms to test blockchain-based trading platforms while permanent regulatory frameworks are developed.

Why It Matters

The IMF's endorsement represents another major signal that tokenization is becoming part of the future financial system rather than remaining a niche blockchain application. As regulators and major financial institutions increasingly embrace tokenized assets, the technology could significantly improve settlement speed, transparency, liquidity, and operational efficiency across global markets.

Why It Matters to Foreign Currency Holders

Tokenization supports the modernization of financial infrastructure that many analysts believe will eventually improve cross-border payments, settlement efficiency, and digital asset integration. While it does not directly affect currency revaluations, it represents another foundational step toward faster, more transparent international financial systems.

Implications for the Global Reset

• Pillar 3 – Assets

The IMF's recognition of tokenization reinforces the transition toward digitally represented financial assets, real-world asset tokenization, and more efficient capital markets supported by blockchain technology.

• Pillar 4 – Technology

Tokenization advances the modernization of global financial infrastructure by enabling faster settlement, programmable assets, interoperable ledgers, and next-generation payment systems that could reshape international finance.

Looking Ahead

The next several years will likely determine how quickly tokenized finance moves from pilot programs into everyday financial markets. Success will depend on international cooperation, regulatory clarity, common technical standards, and secure blockchain infrastructure. If these elements come together, tokenization could become one of the most significant upgrades to the global financial system in decades.

This is not just about blockchain—it reflects the accelerating modernization of the global financial system as governments, regulators, and major financial institutions work to build faster, more efficient, and interoperable market infrastructure.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Cointelegraph — IMF says tokenization could transform settlement and financial stability

• International Monetary Fund (IMF) — Tokenization Can Change the World's Financial Architecture

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Thursday Afternoon 7-02-26

The New York Times: The US Administration Has Resumed The Transfer Of Oil Revenues To Iraq

Economy News _ Baghdad   The New York Times revealed that the White House administration has resumed sending Iraqi oil revenues to Baghdad, against the backdrop of Prime Minister Ali al-Zaidi’s campaign against those involved in financial corruption cases.  The newspaper quoted the spokesman for the Iraqi government, Haider al-Aboudi, as saying: "The shipments of the dollar to Iraq have resumed, and the problem has been solved."

The financial adviser to the prime minister, Mazhar Mohammed Saleh, also confirmed the resumption of transfers.

The U.S. State Department or Treasury did not comment on the matter, according to the New York Times.

The resumption of dollar shipments coincides with the launch of an anti-corruption campaign, which included the arrest of dozens of current and former officials, including members of the House of Representatives, on corruption-related charges.

The administration of U.S. President Donald Trump halted the flow of dollars from oil sales to Iraq’s largely cash-banking economy in April.

Iraqi officials said at the time that Washington had also suspended cooperation and funding for Iraqi security services.

An official from the Kurdistan region at the time pointed out that one of the motives for suspending dollar shipments was to limit the smuggling of the US currency by Iranian-backed militias, at a time when the country was in the process of choosing a new prime minister, amid US efforts to prevent the arrival of candidates seen as close to Tehran.

Washington has also been demanding that the Iraqi government rein in a number of militias linked to Tehran that operate largely outside state control and have occasionally carried out attacks against U.S. targets inside Iraq.

It is noteworthy that new international banking rules were imposed years ago on Baghdad according to greater requirements for transparency on financial transfers in dollars held as foreign reserves of Iraq in an account with the Federal Reserve Bank in New York.

The Central Bank of Iraq has facilitated these financial transfers from its account with the Federal Reserve in New York for the benefit of Iraqi companies and individuals to pay for goods imported from outside the country.

These transfers are vital because few Iraqi companies have international bank accounts.

https://www.economy-news.net/content.php?id=70897

Iraq Wins A Lawsuit In Jordan And Obliges A Company To Pay Financial Compensation

Money and business     Economy News – Baghdad   The Ministry of Justice announced on Thursday that it has won a lawsuit pending before the Amman Court of Appeal in the Hashemite Kingdom of Jordan, and obtained a final ruling that requires a Jordanian company to pay financial compensation in favor of the General Company for Southern Refineries of the Ministry of Oil.

The ministry said that the ruling came against the backdrop of the defendant’s violation of the implementation of its contractual obligations arising from the contract concluded between the two parties in 2011, after the legal department in the Ministry of Justice followed the proceedings before the Jordanian judiciary until the issuance of the final judicial decision.

This achievement comes within the framework of the Iraqi government's keenness to protect public money and preserve the rights of the Iraqi state outside the country, and embodies the continuous legal efforts exerted by the Ministry of Justice, in coordination with the concerned government agencies, to follow up on foreign lawsuits and restore rights in accordance with legal and judicial frameworks, thus enhancing Iraq's position in protecting its legal interests at the regional and international levels https://www.economy-news.net/content.php?id=70907

A Parliamentary Committee Is Heading To Review All Oil Contracts And Licensing Rounds

Money and business   Economy News – Baghdad    The Parliamentary Oil and Gas Committee said it has a tendency to re-review all oil contracts and licensing rounds

A member of the Parliamentary Oil and Gas Committee, Jassim Al-Moussawi, said that the committee has a tendency to review all oil contracts and licensing rounds, noting that this file is one of the important and sensitive files that need comprehensive scrutiny to identify the flaws and address the problems that have emerged during the implementation stages.

Al-Moussawi explained that the committee is continuing to follow up this file by reviewing the details of the contracts and the contracting mechanisms adopted in the oil sector, pointing out that some contracts need to be re-evaluated to ensure their harmony with the national interest, maximize the revenues achieved by the state, and reduce any aspects that may lead to the waste of financial resources.

He added that the oil sector, despite its great importance to the Iraqi economy, has faced a number of challenges during the past years as a result of errors that accompanied the implementation of some projects, pointing out that some refineries established with government funding did not achieve the required goals because of the assignment of their implementation to companies that were not at the required level of efficiency, causing the failure of those projects and the opening of investigation files linked to them.

He stressed that the review process will not be limited to licensing rounds only, but will include various projects related to the production, refining and oil investment sectors, in order to diagnose weaknesses and develop practical solutions that ensure improved performance and maximum utilization of oil resources.

Moussawi pointed out that the reform of the oil sector is a key priority in view of its pivotal role in supporting the national economy and financing the general budget, stressing that addressing the gaps in contracts and projects can contribute to reducing financial waste, raising the level of administration, and increasing the economic returns achieved by the state

https://www.economy-news.net/content.php?id=70911

Samsung And SK Pump $252 Billion To Expand Artificial Intelligence Chip Industry

Money and business   Economy News - Follow-up  The Ministry of Industry announced on Thursday that Samsung Electronics, SK Hynx and others have been investing 392 trillion won ($252.5 billion) in the Chongcheong region, including in facilities for manufacturing and packaging high-bandwidth memory, as part of the government’s efforts to expand growth based on artificial intelligence.

It comes as a follow-up plan for the tripartite mega-projects unveiled by the government earlier this week, which aims to develop technologies across the country and turn South Korea into an industrial powerhouse in the emerging age of artificial intelligence, South Korea’s Yonhap news agency reported.

The Ministry of Commerce, Industry and Resources said Samsung Group has pledged to invest a total of 140 trillion won in the Chongcheung region to build the Samsung Electronics facility for the manufacture and packaging of high-bandwidth memory, as well as a line for the production of the light-emitting organic diode and a next-generation screen by Samsung Display.

Samsung Electricity and Mechanics will build facilities for high-performance packaging substrates for artificial intelligence servers, and Samsung SDI will build an advanced battery manufacturing plant    https://www.economy-news.net/content.php?id=70915

Al-Zaidi Discusses With A Jordanian Delegation The Implementation Of The Oil Pipeline Project (Basra-Aqaba)

Money and business    Economy News – Baghdad  Prime Minister Ali Faleh al-Zaidi on Thursday discussed with a Jordanian ministerial delegation the implementation of the oil pipeline project (Basra-Aqaba).

The media office said in a statement received by "Economy News" that "Zaidi received, on Thursday, a ministerial delegation from the Hashemite Kingdom of Jordan, headed by the Minister of Industry, Trade and Supply, Falah Al-Qadhaf, and included ministers; energy and mineral wealth, transport, and investment, in the presence of the Minister of Industry and Minerals, the head of the Arab Department in the Ministry of Foreign Affairs, and the Jordanian ambassador to Iraq."

He added that "the meeting witnessed the discussion of a number of files and topics of common interest, foremost of which is the implementation of the oil pipeline project (Basra - Aqaba), and facilitate the procedures for granting entry visas to businessmen in both countries, in addition to enhancing cooperation in the fields of industry, energy, transport, investment and other sectors of common interest."

Al-Zaidi stressed that "the two countries have historical and distinguished relations, and the Hashemite Kingdom of Jordan represents an important strategic depth for Iraq," pointing to "the government's aspiration to raise bilateral relations to wider levels during the next phase, by increasing the volume of trade exchange, and expanding investment opportunities and economic cooperation in various sectors."

For their part, the members of the Jordanian delegation conveyed to Al-Zaidi the greetings and congratulations of King Abdullah II of Jordan and Jordanian Prime Minister Jafar Hassan on the occasion of the formation of the government, and handed him an official invitation to visit the Kingdom.

The judges expressed the Kingdom's full support for Iraq, praising Iraq's progress in the areas of combating corruption, economic reforms, and improving the investment environment, thus contributing to strengthening the partnership between the two brotherly countries https://www.economy-news.net/content.php?id=70923

Thursday Iraq News Posted by Tishwash at TNT 7-2-2026

TNT:

Tishwash:  The central bank governor is in parliament to discuss "major reforms" in the banking sector.

Al-Mustaqilla - In his first prominent political and economic move since assuming his duties, the Governor of the Central Bank of Iraq, Nizar Nasser Hussein, held a meeting with the Speaker of Parliament, Hebat al-Halbousi, to discuss the future of the Iraqi banking sector and financial reform plans, amid escalating economic challenges facing the country.

According to an official statement, the meeting witnessed extensive discussions on the reality of the Iraqi banking system and mechanisms for modernizing it, as well as the development of strategic programs and plans to restructure the financial sector and enhance the efficiency of Iraqi banks.

The Central Bank Governor stressed that the next phase requires proceeding with a comprehensive banking reform plan, which includes developing the infrastructure of the banking sector and raising the level of institutional performance, while strengthening coordination between monetary policy and the legislative authority to ensure financial stability.

For his part, the Speaker of Parliament announced the parliament’s support for measures and policies aimed at protecting the national currency and enhancing banking stability, stressing the importance of providing a more stable economic and investment environment in Iraq.

This meeting comes at a time when the Iraqi banking sector is facing increasing challenges and pressures related to financial and regulatory reforms, which puts the Central Bank’s new plans under political and economic scrutiny in the coming period.

At the conclusion of the meeting, both sides affirmed their commitment to continuing coordination and joint work to overcome legislative and executive obstacles, in order to contribute to building a stronger and more effective financial and banking system  link

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Tishwash:  The New York Times: The United States resumes dollar transfers to Iraq after suspending them for months.

The New York Times: The United States has resumed dollar transfers to Iraq after suspending them for months.

The administration of US President Donald Trump had suspended dollar shipments to Iraq and frozen funding for security cooperation programs with the government to pressure Baghdad to dismantle armed factions, according to The Wall Street Journal.

According to officials cited by the newspaper, the US Treasury Department recently blocked the transfer of an air shipment of approximately $500 million in cash—revenue from Iraqi oil sales—from accounts at the Federal Reserve Bank of New York to Iraq, due to US concerns about Iraqi factions.

The US State Department told the newspaper that the Iraqi government's "failure" to prevent attacks by these factions "negatively impacts" Washington's relationship with Baghdad, noting that the Trump administration expects the authorities to take immediate action to dismantle these factions.

State Department spokesman Tommy Pigott emphasized that the US will not tolerate attacks on US interests, adding that "entities linked to the Baghdad government continue to provide political, financial, and operational cover for the factions."

US and Iraqi officials revealed to the newspaper that the suspension of dollar shipments to Iraq is a temporary measure, and that Washington informed Baghdad of its intention to suspend funding for some counterterrorism programs and armed forces training until attacks by armed factions cease. link

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Tishwash:  Abu Kalal: Iraq is close to launching Starlink services within a comprehensive regulatory framework.

 The head of the executive body of the Media and Communications Commission, Baligh Abu Kalal, confirmed today, Wednesday, (July 1, 2026), that Iraq is proceeding with completing the procedures for licensing the Starlink service in its final stages, which will allow the introduction of one of the most prominent modern satellite communication technologies to the Iraqi market within a clear regulatory framework that preserves national interests and keeps pace with global developments.

During his speech at the opening of the third edition of the Iraqi Communications Summit, Abu Kalal explained that: “The communications sector is no longer a traditional service sector, but has become part of the modern sovereign structure of countries, and a fundamental pillar of the digital economy, e-government and smart services,” stressing that “the Authority views this sector as one of the engines of economic and social development in Iraq.”

He pointed out that the next phase will witness a greater focus on service quality, in addition to expanding coverage, through the development of technical monitoring tools and measuring performance indicators of operating companies, in order to ensure an improved user experience in various governorates.

The head of the executive body affirmed that the authority is proceeding with establishing a stable regulatory environment based on fair competition and the rule of law, indicating that Iraq supports investment, respects competition, and is working to build a stable communications market capable of keeping pace with the requirements of the future.

Abu Kalal also stressed the importance of fiber optic projects as the backbone of digital transformation, along with satellite communications and the fifth generation, as an integrated system that contributes to expanding users’ options and opening the way for more advanced industrial and service applications.

Mr. Abu Kalal pointed out that the Authority is working, in cooperation with the relevant authorities and companies operating in the sector, to prepare the regulatory and technical requirements for the transition to fifth-generation technologies, and to benefit from artificial intelligence applications in network management, improving the quality of services and raising performance efficiency.

He concluded his speech by emphasizing that the future of communications in Iraq is built through a partnership between the Authority, the Ministry of Communications, operating companies, investors, academic institutions and experts, in order to build a modern and sustainable communications sector that keeps pace with Iraq’s aspirations and the challenges of the times.link

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Tishwash:    Gulf States Are Watching Closely The Anti-Corruption Campaign In Iraq: "Investment In Exchange For Controlling Weapons."

 Former Kuwaiti Information Minister Sami Al-Nisf believes that the future of Gulf investments in Iraq depends on the government's ability to impose state control over weapons and confront corruption, warning that the continued presence of armed groups outside the official system will keep Iraq from attracting capital. Al-Nisf explained, during a television interview published by local media, that “any Gulf economic openness to Iraq requires the existence of a state capable of extending its full authority, indicating that the international community holds governments respo

any attacks launched from their territories, regardless of who carries them out.” He noted that “the Gulf states are following with interest the efforts of Prime Minister Ali al-Zaidi’s government to restrict weapons to the state, in addition to the measures to pursue corruption cases, considering that the success of these two paths will give investors greater confidence in the Iraqi environment.”

He pointed out that “attacks carried out by drones cannot go unpunished,” explaining that international legal options remain on the table if such attacks continue, because international laws do not differentiate between non-state actors and the responsibility of the state on whose territory the incidents occur.

Al-Nisf explained that “achieving economic development requires security stability and the state’s monopoly on the use of force, stressing that the investor, whether from the Gulf or Iraq, first looks for a safe and stable environment before investing his money in any project.”

He added that “Iraq has great economic opportunities, but their investment remains contingent on consolidating state sovereignty, ending the manifestations of uncontrolled weapons, and strengthening the path of administrative and financial reform, in order to restore confidence in the Iraqi economy and encourage the flow of foreign investments.”  link

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

Tishwash:  From the top of the US Treasury Department to the Kurdistan Regional Bank: A new roadmap to boost banking confidence and attract investment

The Kurdistan Regional Commercial Bank (RTB) is holding its first meeting of its new board of directors. With this move, the bank will become the first local bank in Iraq and the Kurdistan Region of Iraq to implement an international governance system, a step that is expected to boost banking confidence in the region.

The council is chaired by Mr. Marshall Billingslea, former Assistant Secretary of the Treasury and former President of the Financial Action Task Force (FATF).

The Financial Action Task Force (FATF) is a global body that sets standards for combating money laundering and terrorist financing. The team also includes a number of prominent figures, such as Mr. Gregory Gatianis, former Deputy Director of the Office of Foreign Assets Control (OFAC);

Ilze Zanutina, former head of the Latvian Financial Intelligence Unit and advisor to the International Monetary Fund and the European Commission, and Dr. Jorge Jimenez, an expert on the US Federal Payments System, are among the board members. Other members include Hashim Hamandi, Basil Kivan, Adnan Kafait, and Colonel Hijazi. Yilmaz Ugur Ay, who has over twenty years of experience in the Iraqi and Turkish financial markets, will handle day-to-day operations as CEO.

The presence of this strong team of experts from the US Treasury Department and international institutions will open new horizons for the Iraqi banking sector, freeing it from the financial isolation it has suffered for years.

This radical change in three key dimensions could fundamentally transform Iraq's economic equation. First, it strengthens the bank itself. RTB Bank is upgrading its internal control system, risk management, and financial infrastructure to international standards, ensuring its protection against money laundering risks and its compliance with global standards.

Second, openness to the global financial system. Achieving this level of trust paves the way for correspondent banking with major American and European banks, a step that reduces import and export costs for local companies and facilitates the movement of funds.

Third, attracting foreign investment. When international companies see a local bank managed according to the highest international standards, they are more inclined to invest in Iraq and the Kurdistan Region.

The Regional Commercial Bank has been providing banking services since July 2001, and established its headquarters in Erbil in September 2003. It is licensed and registered with the Central Bank of Iraq, and has not been subject to any banking sanctions since its establishment to date.  link

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Tishwash: In the presence of the US Chargé d'Affaires, the Governor of Basra signs a memorandum of understanding with the American energy company KBR.

Basra Governor Asaad Al-Eidani signed a memorandum of understanding onTuesday with the American company KBR, which specializes in the fields of energy, space and technology, with the aim of strengthening cooperation in the energy sector.

The US Embassy in Iraq stated in a statement that Chargé d'Affaires Harris, accompanied by a delegation from the US company KBR, received the Governor of Basra, stressing his country's desire to deepen the economic partnership with Iraq, particularly in Basra Governorate, in a way that achieves tangible results that benefit both countries.

The statement added that Al-Eidani signed the memorandum of understanding with the American company, which is one of the world’s leading companies operating in the fields of engineering and energy, and is headquartered in Houston, Texas.

The move comes as part of efforts to strengthen economic cooperation and attract foreign investment to Iraq's energy sector   link

Seeds of Wisdom RV and Economics Updates Thursday Morning 7-2-26

Good Morning Dinar Recaps,

Ripple Proposes XRP Ledger Lending Protocol to Bring Institutional Credit On-Chain

Ripple has unveiled a proposed native lending protocol for the XRP Ledger (XRPL) that would allow banks, payment providers, and financial institutions to borrow against tokenized assets without selling them. If approved by XRPL validators, the protocol could expand institutional use of blockchain technology by bringing traditional lending and credit infrastructure onto the XRP Ledger.

 Overview

• Ripple has proposed a native lending protocol for the XRP Ledger to support institutional borrowing using tokenized assets as collateral.

• The protocol aims to modernize credit markets by combining off-chain credit assessments with on-chain loan servicing and repayment.

• The proposal remains under review and must be approved by XRP Ledger validators before it can be deployed on the network.

Key Developments

1. Ripple Introduces Native Lending Infrastructure

Ripple has proposed a new XRPL Lending Protocol designed to allow financial institutions to borrow digital assets using tokenized collateral. The proposal seeks to expand XRP Ledger capabilities beyond payments by adding institutional lending functionality.

2. Tokenized Assets Become Productive Collateral

Under the proposal, institutions could borrow against tokenized assets—including U.S. Treasuries, money market funds, stablecoins, commodities, and private credit—without liquidating their holdings. This could improve liquidity while preserving ownership of underlying assets.

3. Hybrid Compliance Model

Ripple's design keeps credit underwriting, identity verification, and compliance off-chain, while loan servicing, repayment schedules, interest calculations, and default management occur on-chain. The approach is intended to balance regulatory compliance with blockchain efficiency.

4. Two-Part Lending Framework

The proposal introduces a Single Asset Vault for custody and a separate Lending Protocol for loan origination and servicing. This mirrors traditional financial markets where custody and lending infrastructure operate independently.

5. Validator Approval Still Required

The proposed features, outlined in XLS-65 and XLS-66, are currently available for developer testing on XRPL's development network. Before becoming operational, the amendments must receive approval from XRP Ledger validators.

Why It Matters

Ripple's proposal reflects the continued evolution of blockchain technology beyond payments into full-scale financial infrastructure. If adopted, the protocol could help institutions access liquidity more efficiently while supporting the growing market for tokenized real-world assets.

Why It Matters to Foreign Currency Holders

Tokenization and blockchain-based lending continue to reshape global financial infrastructure. As financial institutions increasingly adopt digital asset technologies, cross-border payments, liquidity management, and settlement systems may become faster and more efficient—developments that foreign currency holders continue to monitor.

Implications for the Global Reset

• Pillar 4 – Technology

The proposed lending protocol advances blockchain infrastructure by bringing institutional lending, collateral management, and credit servicing onto distributed ledger technology while maintaining regulatory compliance.

Future Outlook

Ripple's lending proposal now enters the community review and validator approval process. If approved, developers and financial institutions could begin building lending applications that leverage tokenized assets for collateralized financing. The initiative also reflects a broader trend toward integrating traditional financial services with blockchain-based infrastructure.

This is not just about XRP—it reflects the broader transformation of global finance as tokenized assets, blockchain infrastructure, and institutional lending increasingly converge into next-generation financial systems.

Sources

• CoinGape – Ripple's New XRP Ledger Protocol Allows Banks To Borrow Against Tokenized Assets

• Ripple Insights – The XRPL Lending Protocol: Bringing Credit Infrastructure Onchain

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 🌱 A Message to Our Currency Holders🌱

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

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

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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Thursday Morning 7-02-26

Inside Iraq’s Shia-Iran Alignment and the Limits It Sets on U.S. Influence

The U.S. position in Iraq is improving. But Baghdad’s alignment with Tehran continues to complicate the relationship. Commercially, the picture is genuinely positive: ExxonMobil, Chevron, and BP have returned to Iraq on contract terms far more favorable than the agreements that drove Western firms out a decade ago.

Baghdad has actively courted this investment as a hedge against regional instability.

Politically, the picture has not shifted nearly as far. The Coordination Framework, the Iran-aligned Shia coalition, still controls both the Oil and Finance Ministries. A deputy oil minister has been alleged to serve as Tehran’s interlocutor inside the ministry itself.

The Popular Mobilization Forces, a predominantly Shia paramilitary umbrella formally part of Iraq’s armed forces but largely loyal to Iran’s Supreme Leader, remain armed, state-funded, and outside Baghdad’s real control.

This split means American energy companies are gaining ground inside an institutional structure that Iran-aligned factions still substantially govern. The durability of that commercial progress depends on a political alignment Washington has so far been unable to dislodge.

Iraq’s government is not formally Shia or Sunni by constitution. Instead, it operates under an informal post-2003 power-sharing convention: the premiership goes to a Shia Arab, the presidency to a Kurd, and the speaker of parliament to a Sunni Arab.

In practice, Shia Arab parties have held the dominant position since the system’s creation. Current Prime Minister Ali al-Zaidi, who took office on May 16, 2026, is Shia and emerged as a consensus candidate after the Coordination Framework controlled the selection process.  

Within this system, Sunni and Kurdish parties retain meaningful but lesser representation: the Al-Azm Alliance holds cabinet and parliamentary seats, and in April 2026 the Council of Representatives elected Nizar Amedi, of the Patriotic Union of Kurdistan, as president.

The decisive levers of power, including the premiership and the Oil and Finance Ministries, remain with Shia Arab parties aligned with the Coordination Framework.

This arrangement reflects Iraq’s underlying demographics, though no official current breakdown exists; the country’s first nationwide census since 1987, conducted in November 2024, excluded sectarian and ethnic data.

International estimates place Iraq’s population at 46-48 million, with Arabs at 75-80 percent and Kurds at about 17 percent. Muslims make up roughly 95-98 percent of the population, and U.S. State Department data puts Shia Muslims at 60-65 percent and Sunni Muslims at 32-37 percent.

Nearly all Iraqi Kurds are Sunni, however, so a large share of that Sunni figure is ethnically Kurdish and aligns politically with Kurdish nationalist parties rather than Sunni Arab blocs. Iraq’s Christian population has collapsed since 2003, to current estimates as low as 150,000-500,000.  

The bottom line is that Shia Arabs form Iraq’s largest demographic and political bloc, which is why the premiership goes to a Shia Arab by convention, and why Iran-aligned Shia parties hold a structural advantage even when individual governments try to assert independence from Tehran.

Kurdish politics itself splits between two rival parties with different postures toward Baghdad and Tehran. The Kurdistan Democratic Party controls the Erbil and Duhok region and holds the separate presidency of the Kurdistan Region, currently Nechirvan Barzani. The PUK is based around Sulaymaniyah, which borders Iran directly, and has historically held the federal presidency in Baghdad, now occupied by Nizar Amedi.

The PUK has been accused of functioning as Iran’s arm in the region, while the KDP has positioned itself more independently, at times adversarially, toward both Baghdad and Tehran-aligned militias. The KDP boycotted the April 2026 vote that elected Amedi and does not recognize him as representing the Kurdish majority.

The clearest evidence of Iranian influence inside the Iraqi state runs through the Popular Mobilization Forces, known in Arabic as al-Hashd al-Shaabi.

The PMF formed in June 2014, when Grand Ayatollah Ali al-Sistani, Iraq’s top Shia religious authority and a counterweight to Tehran’s own clerical rule, issued a fatwa calling Iraqis to arms against the Islamic State’s seizure of Mosul.

This united existing Shia militias, most backed directly by Iran, with a small number of Sunni tribesmen. Iraqi President Fuad Masum formally incorporated the PMF into the armed forces by law in December 2016. Today it comprises roughly 60 to 70 brigades and more than 230,000 personnel, with an annual budget near $3.6 billion.

Though legally part of the military, PMF leadership and operational capacity remain concentrated among Iran-aligned factions; in 2024 its Chief of Staff openly declared that the organization took orders from Khamenei.

Its rank and file are overwhelmingly Iraqi citizens, mainly Shia Arabs with smaller numbers of Shia Turkmen, Sunni Arabs, and Iraqi Christians. Iran’s role lies mainly in funding, training, weapons, and command influence, including facilities inside Iran such as the Pazooki Barracks in Tehran, where some fighters train under IRGC supervision.

Several PMF factions are the armed wings of parties sitting inside the Coordination Framework. Kata’ib Hezbollah traces its roots to the Badr Corps and maintains close IRGC ties. Asa’ib Ahl al-Haq’s political wing, Sadiqoun, performed strongly in the November 2025 elections but received no cabinet ministry, pending militia disarmament.

The Badr Organization, not U.S.-designated as a terrorist entity, received the Transportation and Water Resources ministries. Harakat al-Nujaba and Kata’ib Sayyid al-Shuhada operate under the Islamic Resistance in Iraq, an Iran-aligned coalition focused on removing U.S. influence from the country.

PMF-linked militias have directly attacked Kurdish targets, including a March 2026 drone strike on the Dohuk home of KRG President Nechirvan Barzani, part of a longer pattern dating to a 2015 objection by then-KRG President Masoud Barzani over PMF recruitment in Kurdish areas. Baghdad’s relationship to the PMF is tolerance bordering on de facto support, not genuine control.

Foreign Minister Fuad Hussein acknowledged the limits directly, saying he did not believe Baghdad could rein in the PMF without risking confrontation, and that he did not know which side held the real balance of military power.

That dynamic played out during the 2026 war on Iran, when the Islamic Resistance in Iraq, overlapping heavily with PMF factions, launched more than 500 attacks from Iraqi territory, including strikes on the U.S. embassy in Baghdad, Harir Air Base, and the U.S. consulate in Erbil. After a U.S. strike killed PMF personnel, Iraq’s national security cabinet, chaired by then-Prime Minister al-Sudani and staffed by PMF-affiliated officials, authorized the militias to defend themselves against further strikes, underscoring deference over restraint.

Baghdad sought throughout to avoid being drawn into the broader war, neither backing the U.S.-Israeli campaign nor curbing the militias operating from its soil.

The same tension between formal neutrality and the Coordination Framework’s grip on Iraq’s institutions extends to the oil sector, which underpins Washington’s commercial reengagement. Members of the Coordination Framework run both the Oil and Finance Ministries, and unnamed sources have alleged Deputy Oil Minister Khudair has served as Iran’s key interlocutor inside the ministry.

The pattern is documented elsewhere: the U.S. Treasury sanctioned Deputy Oil Minister Ali Maarij al-Bahadly for allegedly diverting Iraqi oil to an Iran-affiliated smuggler who relabeled it as Iraqi to help Tehran evade sanctions. Iran-backed factions have sought influence beyond oil. The new Minister of Communications is reportedly linked to both Kata’ib Hezbollah and Qais al-Khazali.

Iranian influence, however, has clear limits. Al-Zaidi is a political newcomer and businessman, not a Tehran-aligned figure, and he became prime minister with explicit U.S. backing.

Washington also drew a formal red linebarring affiliates of the six U.S.-designated militia organizations from cabinet posts. That line largely held. No ministry is led by an individual formally affiliated with those six groups, and Sadiqoun, the political wing of Asa’ib Ahl al-Haq, was kept out of the cabinet despite its strong electoral showing.

An earlier episode underscores how close Tehran-aligned factions came to a more decisive victory. In January 2026, Iraq’s Shia leaders nominated the more Tehran-aligned Nouri al-Maliki to return as prime minister. Tehran reportedly favored Maliki because his government could have denied Washington the use of Iraqi bases for strikes on Iran.

That nomination ultimately gave way to al-Zaidi. Nevertheless, it demonstrated how much influence Tehran-aligned factions continue to wield within Iraq’s Shia political bloc.

The most accurate characterization, then, is one of substantial but contested Iranian influence rather than full alignment. Washington retains significant leverage, including control over Iraqi oil export revenues routed through the Federal Reserve Bank of New York, sanctions authority, and a residual military presence. It has used that leverage to block militia affiliates from cabinet posts and to pressure Baghdad to strengthen sanctions enforcement.

At the same time, the Coordination Framework’s dominance in parliament, its control of the Oil and Finance Ministries, and documented sanctions-evasion activity by Iraqi oil officials demonstrate that Iran continues to wield significant influence within the institutions that oversee Iraq’s oil revenues and contract awards.

Those are the same institutions where American companies are now re-establishing a commercial presence.

The long-term success of ExxonMobil, Chevron, and BP in Iraq will depend less on the terms of their contracts than on whether Washington can further weaken the political networks through which Tehran continues to operate in Baghdad. The outcome of the broader U.S.-Iran war remains a wildcard in that equation.

Depending on how the conflict unfolds, it could weaken Iran’s ability to fund and direct its allied factions inside Iraq, easing the obstacles facing American firms. Alternatively, it could harden the resolve of Iran-aligned officials and militias entrenched in Baghdad, making those obstacles even more difficult to overcome.  

https://www.thegatewaypundit.com/2026/07/inside-iraqs-shia-iran-alignment-limits-it-sets/

Iraq Economic News and Points To Ponder Late Wednesday Evening 7-01-26

Al-Zaydi's Financial Advisor: Funds Recovered From Corruption Will Support The Budget And Reduce The Need For Borrowing

Baghdad - One News - 7/01/2026   The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, confirmed that recovering funds related to corruption cases will affect the general budget through two paths: first, strengthening public finances with cash revenues recorded under the category of other revenues, and second, stopping the bleeding of corruption and reducing the cost of public expenditures.  

Saleh said that creating a special account for depositing the recovered funds has important financial and educational implications, because it prevents these funds from dissolving or being forgotten, and documents them within the Iraqi financial memory, in preparation for directing them transparently to building hospitals and roads and supporting the poor classes, social welfare networks, orphans and widows.  

He added that the recovered funds may alleviate some of the financial deficit and compensate for expenses that the government would have resorted to financing through borrowing, explaining that the assets include cash, real estate, land, stocks, bonds and properties inside and outside Iraq.   https://1news-iq.net/المستشار-المالي-للزيدي-الأموال-المست/

Al-Zaydi: The Government Is Proceeding With The Three Reform Initiatives: "Confining Weapons, Combating Corruption, And Expanding Arab And International Relations"

Baghdad - One News - 7/01/2026   Prime Minister Ali al-Zaidi affirmed that Iraq is moving towards a new phase based on building a modern state with full sovereignty, a strong economy, and the rule of law, in parallel with strengthening relations with its Arab, regional and international surroundings.  

During his meeting with the Secretary-General of the Gulf Cooperation Council, Jassim Al-Budaiwi, he noted the continuation of the anti-corruption campaign and the restriction of weapons to the state, while Al-Budaiwi praised the government measures and affirmed the Council’s readiness to expand the partnership with Iraq in various fields.    

https://1news-iq.net/الزيدي-الحكومة-ماضية-بثلاثية-الإصلاح/

US State Department To Alwan News: We Welcome The Steps Taken By Al-Zaidi In Combating Corruption And Recovering Funds

Washington - One News - 7/01/2026   In the first American stance directly addressing the anti-corruption campaign led by Prime Minister Ali al-Zaidi's government, the US State Department welcomed the measures aimed at combating corruption and recovering public funds, stressing the importance of pursuing these efforts within the approved constitutional and legal frameworks.  

The American message reflects clear support for the anti-corruption campaign, as an essential part of strengthening state institutions and consolidating citizens' trust in them, while emphasizing the importance of the rule of law and transparency in making this campaign a success.  

The US State Department, in its interview with One News, stressed that investigations and judicial procedures represent the natural framework for addressing corruption cases, and that adherence to legal contexts enhances the strength and credibility of the campaign in the eyes of the public.    https://1news-iq.net/الخارجية-الأميركية-لوان-نيوز-نرحب-بال/

 UN: Al-Zaidi Has Taken Decisive Steps To Combat Corruption And Recover $500 Billion In Assets

Baghdad - One News - 7/01/2026   The Resident Representative of the United Nations Development Programme in Iraq, Titon Mitra, confirmed that the current government has taken serious steps to combat corruption, noting that this has become evident through the formation of the Supreme Council for Integrity and Asset Recovery.  

Mitra said that the United Nations Development Programme is committed to providing technical support to Iraq and transferring expertise and skills in this area, noting that the legal and governance tools are already in place, but what is lacking is practical application in recovering financial assets.  

He added that estimates indicate the existence of about five hundred billion dollars, explaining that if these figures are correct and the state is able to recover them, this could contribute to bridging the current financial deficit and enhancing the state’s ability to finance its needs.   https://1news-iq.net/الأمم-المتحدة-الزيدي-اتخذ-خطوات-حثيثة/

The Central Bank Governor visits the Speaker of Parliament and they emphasize strengthening financial stability and banking reform.

Media Office - Baghdad,  July 1, 2026   The Speaker of the Iraqi Parliament, Mr. Hebat al-Halbousi, received the Governor of the Central Bank of Iraq, Mr. Nizar Nasser Hussein, to discuss mechanisms for developing the banking and financial sector in the country.

At the beginning of the meeting, the Speaker congratulated the Governor on assuming his new duties, wishing him success.

During the meeting, they discussed the most prominent current economic challenges and ways to improve the financial system to serve sustainable development.

The Governor emphasized the banking reform plan and the necessity of developing comprehensive strategic programs and plans aimed at modernizing the banking sector and developing its infrastructure.

He also pointed to the importance of strengthening coordination and cooperation in institutional performance between the legislative authority and monetary policy to enhance the efficiency of Iraqi banks.

For his part, the Speaker affirmed that the Parliament supports all measures and policies that ensure financial and banking stability and protect the national currency, which will positively impact the market and investment in Iraq.

At the conclusion of the meeting, both sides expressed their commitment to continuing joint work and overcoming legislative and executive obstacles to ensure the establishment of a strong and robust financial system that meets the aspirations of the Iraqi economy. https://cbi.iq/news/view/3243

MilitiaMan & CREW IRAQ DINAR UPDATE-"Corruption Reckoning Hits $2 Trillion — REER Momentum is Building"

MilitiaMan & CREW IRAQ DINAR UPDATE-"Corruption Reckoning Hits $2 Trillion — REER Momentum is Building"

7-1-2026

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