Seeds of Wisdom RV and Economic Updates Wednesday Morning 7-30-25

Good Morning Dinar Recaps,

How BRICS Is Reshaping the Emerging Multipolar World
From Expansion to Internal Division: The Global South’s Strategic Realignment Faces Tests

The BRICS alliance is no longer a concept in transition—it is an evolving geopolitical force shaping the emerging multipolar world in real time. At the July 6–7 summit in Rio de Janeiro, BRICS officially expanded to 11 full members, strengthening its claim as the largest Global South alliance and advancing its ambition to create an alternative to Western-dominated global institutions.

With this expansion, BRICS now represents a powerful cross-continental coalition—but its path to becoming a cohesive global counterweight remains uneven.

Expansion Without Cohesion: Cracks in the Multipolar Blueprint

While the summit concluded with the 126-point Rio Declaration, internal challenges became evident. Notably, Chinese President Xi Jinping was absent, Russian President Vladimir Putin attended virtually, and top leaders from Egypt and Iran—both new members—were also no-shows.

“Many of the 180 working groups launched under Brazil’s BRICS presidency reportedly failed to meet. They signalled a bloc expanding in size but eroding in cohesion.”
— Felipe Porto, Brazilian Foreign Policy Observatory

Despite these gaps, the declaration underscored a shared commitment to multilateralism, condemning military strikes and trade coercion—though it notably stopped short of naming the United States.

Historical Continuity: BRICS and the Legacy of the Global South

The ideological foundation of BRICS can be traced to the 1955 Bandung Conference, where newly independent nations articulated the “Ten Principles of Peace” that would shape the Non-Aligned Movement. Today’s BRICS nations claim to be the heirs of that Global South vision.

“BRICS is the heir to the Non-Aligned Movement... the first organization to unify Global South nations.”
— Brazilian President Luiz Inácio Lula da Silva

However, the bloc’s composition reveals contradictions. Four BRICS members are former Soviet states, absent from the historical Global South coalition. This hybrid identity reflects both the bloc’s potential and the fault lines within its expanding membership.

Trump’s Threats: Western Pushback Against the BRICS Challenge

The most immediate response to BRICS’s global ambitions came from U.S. President Donald Trump, who issued a sharp warning following the Rio summit:

“Any country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10% tariff. There will be no exceptions.”

This escalation demonstrates how BRICS’s growing global influence is now seen as a direct economic and geopolitical threat to the U.S.-led international order. The clash between Western hegemony and South-South cooperation is entering a more aggressive phase.

“BRICS is designed to suit autocracies... used by authoritarian powers like China and Russia to promote an alternative world order.”
— Natalie Sabanadze, Chatham House

She also pointed to a “growing rift” within BRICS—between the China-Russia axis and other members over the bloc’s strategic direction.

Can Southeast Asia Redefine BRICS’s Future?

The future trajectory of BRICS may hinge on its democratic members, particularly the four ASEAN nations that joined: Indonesia, Malaysia, Thailand, and Vietnam. These nations could play a pivotal role in shaping a less autocratic, more development-oriented alliance.

“As Southeast Asian countries deepen their engagement, the choices they make will help determine whether BRICS can evolve into a credible counterweight to Western dominance or falter under the weight of its own diversity.”
— M.A. Hossain, geopolitical analyst

This emerging multipolar world now features a bloc that reflects both the opportunity of expanded multilateralism and the challenge of maintaining cohesion across diverse political systems and interests.

Conclusion: BRICS at a Crossroads

The Rio summit proved that BRICS is growing in reach but not yet in unity. Its ambition to serve as the institutional core of a multipolar world faces major tests—from internal fragmentation to external confrontation. Yet, the bloc continues to assert itself as a strategic platform for Global South nations seeking more equitable global governance.

The coming months—especially with tariff threats from the U.S., growing digital currency initiatives, and regional realignments—will determine whether BRICS can transition from symbolic opposition to operational alternative.

@ Newshounds News™
Source:  Watcher.Guru

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“Tidbits From TNT” Wednesday Morning 7-30-2025

TNT:

Tishwash:  Central Bank of Iraq: Decrease in public spending and stability in domestic debt

 The Central Bank of Iraq revealed on Wednesday a decline in public spending and a stabilization of domestic debt in April 2025.

The bank indicated in a report reviewed by Shafaq News Agency that the state's public spending in April amounted to 9.49 trillion dinars, registering a 6.69% decrease compared to March, which amounted to 10.17 trillion dinars. Spending also decreased compared to the same period in 2024, which recorded 12.07 trillion dinars.

The report indicated that domestic public debt stabilized at 58.54 trillion dinars in April, the same level recorded in March, but an 11.13% increase compared to the same period in 2024, when it reached 76.97 trillion dinars.  link

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Tishwash:  The Ministry of Commerce discusses with the ITC the latest developments regarding Iraq's accession to the World Trade Organization and enhancing technical support.

The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Centre (ITC) to discuss the latest developments related to Iraq's accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.

A statement issued by the ministry's media office, quoting the department's director general, Riyadh Fakher Al-Hashemi, stated that the meeting discussed prospects for joint cooperation in reviewing the technical files prepared by the accession team in coordination with the technical committees emanating from the relevant national committee.

The statement emphasized the importance of the technical and technological support provided by the International Trade Centre, particularly during this critical phase, given its significant role in enhancing the efficiency of national teams and strengthening institutional readiness for accession requirements.

The meeting also addressed efforts to update the Nationally Determined Contributions (NDC) document, in coordination with sectoral bodies, in line with government policies aimed at integrating environmental and sustainability concepts into economic and trade policies.

At the conclusion of the meeting, Al-Hashemi stressed that the meeting was part of the department's ongoing efforts to develop Iraq's trade policy and enhance institutional and technical capabilities, supporting Iraq's accession to the World Trade Organization and strengthening its presence in the multilateral trading system.

For their part, representatives of the International Trade Centre praised the progress made in the accession file and the level of coordination with the Department of Foreign Economic Relations, stressing their readiness to continue providing the necessary technical support to complete the accession requirements  link

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Tishwash:  Al-Sudani: It is time for our people to feel the services in all regions.

Prime Minister Mohammed Shia al-Sudani affirmed, today, Wednesday (July 30, 2025), that the collective effort made by the government contributed to producing tangible work effort for citizens, noting that "it is time for our people to feel the services in all regions."

The Prime Minister's media office said in a statement received by Baghdad Today that "Al-Sudani launched, today, Wednesday, the executive works of the Al-Krayat Bridge project on the Tigris River, as part of the campaign to rebuild the holy city of Kadhimiya, which is the first development project in the (Fifth Division) area, which aims to open the military zone closed for decades, and allocate its lands to establish service facilities, cultural and religious centers, and multiple rest cities for visitors."

Al-Sudani, according to the statement, praised the efforts of the executive team, which included ministers, the Director of the Prime Minister's Office, officials and technicians, the Ministry of Housing, the Baghdad Municipality, the Investment Commission, the Kadhimiya Shrine, and the Hanafi Shrine, as the collective effort produced a tangible reality for the citizen. He pointed to the government's realistic, planning, and comprehensive vision for the service sector, which took into account the specificities of each district, city, and sub-district.

The Prime Minister also announced the Fifth Division area, with an area of 400 dunums, as an investment opportunity for all companies, stressing that it will be announced in a transparent and clear manner, and that it will not contain any residential project, in addition to its distinguished strategic location, close to the shrine of the two Imams Al-Kadhimiya (peace be upon them), where a museum will be built with an area of 12,500 square meters, to be a witness to the dark dictatorial era, and the practice of the most heinous violations, and the museum is a guarantee that tragedies will not be repeated, as citizens will see the ugliness of that era.

Al-Sudani said, "Baghdad's population exceeds 9.5 million, and the capital hasn't seen any rehabilitation projects commensurate with its capacity or a distinct identity to address the problems it faces." He explained that, "Kadhimiya hasn't received any attention for decades, but today it's witnessing a qualitative shift that takes into account its Islamic identity and the number of visitors, and ensures smooth flow of traffic during special occasions."

He pointed out that "the programs and plans of 'Baghdad More Beautiful 1 and 2' and the plans of the ministries and the Baghdad Municipality all aim to pursue comprehensive and integrated rehabilitation, emphasizing the government's commitment to Islamic architectural standards in the projects planned for this area."

He added, "The reconstruction campaign includes shops and neighborhoods in Kadhimiya, across all sectors, schools, and other service institutions. He emphasized the need to adhere to accuracy, inventory, and specifications in accordance with the plan, and to work with high quality and speedy implementation."

The Al-Krayat Bridge project is a vital component of the second package of traffic congestion relief projects. It will also include the construction of numerous service facilities and approaches, including passageways and axes connecting it to the Mohammed Al-Qasim Expressway and the Army Canal.

The campaign to rebuild the holy city of Kadhimiya continues, which includes the rehabilitation and expansion of (15) main streets for five neighborhoods, the establishment of (38) schools, the restoration of (4) heritage schools, the cladding and paving of (12) residential neighborhoods, the development of garages, the construction of bridges, in addition to the establishment of recreational areas for families.

The campaign also includes the construction of six entrances to the city, the rehabilitation of the sewage station, the provision of services to agricultural areas, the rehabilitation of the city water project, the Fattah Pasha Street Boulevard, and other projects, in addition to the transfer of the headquarters of official departments outside the city.  link

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Mot:  Married Life…..

Iraq Economic News and Points To Ponder Tuesday Evening 7-29-25

Sudani Advisor: Iraq Is Making International Progress And Reducing Pressure On The Dollar.
 
July 29, 2025  Baghdad/Iraq Observer  The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed on Tuesday that the expansion of electronic transactions has contributed to  reducing speculation and  unreal demand for the dollar, which has lowered its price on the parallel market. He also indicated that reliance on digital payment tools has led to a decline in the volume of cash dollar trading.

“The expansion of the use of  bank cards and  electronic transactions has contributed to  reducing the margin of speculation and the unreal demand for the dollar, especially after  linking transfers and   trade finance operations to digital data and pre-verification of documents,   such as the advance customs declaration,”
 
Saleh said in a press statement monitored by the Iraq Observer. He explained that  “citizens’ reliance on digital payment tools,   both locally and during foreign travel,  has led to a decline in the volume of cash circulation in dollars outside the official system.” 

Saleh explained that “this has begun to have positive impacts at the international level, given Iraq’s membership in the Middle East and North Africa Financial Action Task Force (MENAFATF),
     a regional organization established in 2004 that works to combat
          money laundering,
          terrorist financing, and the
          proliferation of weapons in the region,
in line with the forty recommendations issued by the Financial Action Task Force (FATF) in Paris.” 

He pointed out that "Iraq, through its digital advancements, has made tangible progress, particularly with enhanced compliance with the requirements of the  Financial Action Task Force and  international compliance practices.
 
This has positively impacted Iraq's current stable credit ratings and opened up broader horizons for better engagement with global correspondent banks,  as we can see from the decline in the dollar exchange rate against the official rate in the parallel market in recent months." 

He emphasized that  "modern electronic technology can be leveraged in Iraq through three complementary paths, the most important of which, based on the government's program,
is the digital transformation of public finances and economic governance, which includes several directions, including:
     automating taxes and customs to maximize non-oil revenues,
     digitizing government contracts, and
     distributing support to eligible groups, in addition to
     enhancing transparency and
     combating corruption through the presence of a digital fingerprint for every transaction ."

Regarding innovation and small business technology, Saleh noted that "digital technology development paths are taking on more modern dimensions, most notably supporting digital entrepreneurship, such as 
     e-commerce,
     delivery apps,
     distance learning, and others.
 
This also includes funding startups in the fields of
     artificial intelligence,
     smart agriculture, and
     solar energy, in addition to
     building digital platforms for vocational training and market access."  He added,
 
"There is a trend toward a transition to a data and knowledge economy in close conjunction,
through the establishment of national data centers, the use of artificial intelligence in planning,
and the enhancement of internet infrastructure and the achievement of equitable access to it in accordance with global standards for digital justice,
while emphasizing the importance of supporting the higher education sector towards digital and technical specializations." 

He pointed out that "these trends will undoubtedly contribute to
     creating sustainable jobs,
     reducing operating costs, and
     increasing the productivity of the national economy
in a promising digital era for Iraq."     https://observeriraq.net/مستشار-للسوداني-العراق-يحقق-تقدماً-دو/ 

 Gold Continues To Soar... Where Will It Reach In 2026?

Stock Exchange  Analysts expect gold prices to remain above $3,000 per ounce in the coming period, supported by increased demand for safe-haven assets amid rising concerns related to global trade and worsening sovereign debt levels.

A Reuters poll of 40 analysts and traders showed that the median forecast for the gold price in 2025 is $3,220 per ounce, compared to $3,065 in the April poll, while the estimate for 2026 rose to $3,400 from $3,000 previously.

Spot gold prices have risen 27% since the beginning of this year, reaching a record high of $3,500 per ounce in April, amid escalating trade tensions between the United States and China, which prompted investors to seek safe havens.

David Russell, marketing director at Goldcore, said: “The first half of 2025 has confirmed what we have long believed; Gold is not just a hedge, it's a market signal," he said, predicting that the price could reach $4,000 by the end of 2026 if concerns about the US financial situation worsen.

Gold's appeal as a safe haven has been heightened by uncertainty over the deadlines for major US trade agreements, as well as financial concerns sparked by US President Donald Trump's passage of a massive bill dubbed the "Big, Beautiful Act," which independent analysts expect will add $3.3 trillion to the US national debt.

However, gold has failed to recapture its April peak, with Julius Baer analyst Carsten Menke saying the "short-term sideways movement is likely to continue in the absence of an immediate catalyst to push prices higher."

Most analysts believe that central banks remain the main driver of gold's rise, as part of their long-term efforts to diversify their reserves away from the dollar's dominance. China has continued to boost its gold reserves for the eighth consecutive month, while a European Central Bank survey showed that nearly 40% of central banks consider geopolitical risks a key reason for holding gold.

"The multipolar world continues, and with it, central banks' desire to reduce their reliance on the US dollar as a reserve currency and, in extreme cases, reduce their exposure to US sanctions," Minke said.

 Silver prices have jumped 32% since the beginning of 2025, outperforming gold and approaching the $40 per ounce barrier for the first time in 14 years.

Analysts revised their 2025 silver price forecast to $34.52 per ounce, up from $33.10 in the previous survey, supported by concerns about US tariff policies, signs of tight supply in the spot market, and increased investor appetite for silver as an alternative to gold.

For 2026, the median forecast rose to $38 per ounce from $34.58 previously.

Suki Cooper, an analyst at Standard Chartered, said that most of these gains were the result of strong inflows into exchange-traded products, warning that a slowdown in this momentum could leave silver vulnerable to a decline despite expectations of a new market deficit this year. https://economy-news.net/content.php?id=58029

The Dollar Exchange Rate Remains Stable In Baghdad.

Economy | 10:39 - 07/29/2025   Mawazine News - Baghdad -  The dollar exchange rate witnessed remarkable stability against the dinar in local markets on Tuesday.

The selling price reached 140,250 dinars per $100, while the buying price reached 138,250 dinars per $100.   https://www.mawazin.net/Details.aspx?jimare=264356

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-29-25

Good Afternoon Dinar Recaps,

BRICS Common Currency Could Launch in 2026
A digital, sovereign alternative to the US dollar is accelerating under BRICS Pay infrastructure.

A Bold Monetary Shift: BRICS Targets 2026 for Common Currency Rollout

Amid rising concerns over global monetary instability and the diminishing dominance of the US dollar, the BRICS alliance is preparing to introduce a common sovereign-backed currency, potentially by 2026. Backed by digital infrastructure and expanded economic power, this initiative is set to challenge the unipolar financial architecture and reinforce a multipolar monetary order.

At the heart of the proposal is BRICS Pay, a sovereign digital settlement system designed to handle cross-border transactions, facilitate dedollarization, and enable trade in local currencies across the bloc’s expanding membership.

Key Developments Leading to 2026 Launch

The BRICS monetary agenda was advanced significantly during the 17th BRICS Summit in Brazil (July 2025), where leaders endorsed concrete progress toward the goal of monetary sovereignty. The alliance is now executing a multi-phase plan, with pilot programs set to begin before 2026.

Notable updates include:

• Accelerated settlement in local currencies:

• Russia-China trade now denominated in rubles and yuan

• India expanding rupee trade with Global South nations

• BRICS Pay implementation underway:

• Aimed at enabling digital, borderless transactions

• Bypasses SWIFT, ensuring financial autonomy

• CBDC integration:

• All member states are progressing on central bank digital currency (CBDC) development

• Pilot programs to test multilateral compatibility will be conducted in phases through 2026

• Bloc expansion fuels legitimacy:

• With 10 members (and more pending), BRICS now represents 46% of the global population and 37% of world GDP

Digital Infrastructure: The Cornerstone of BRICS Monetary Sovereignty

The technological engine powering this shift is blockchain-enabled interoperability, with BRICS Pay designed to connect central banks, national payment systems, and users via a single, resilient framework.

This initiative is not merely symbolic. It leverages:

• Blockchain for cross-border transfers

• National CBDCs in pilot stages

• Dedicated payment rails outside of Western financial infrastructure

By enabling smoother, low-cost settlements outside of USD systems, the BRICS currency model aims to foster trust, autonomy, and scalability—particularly for Global South nations seeking alternatives to Western-led monetary institutions.

Implications: Toward a Post-Dollar Financial System

The successful launch of a BRICS currency would mark a monumental reconfiguration of global finance:

• Trade pricing shifts: Expect increased use of rubles, yuan, and the new BRICS currency in energy and commodity contracts.

• Global South empowerment: Nations marginalized by dollar-based sanctions and FX volatility gain access to a stable, non-Western monetary alternative.

• Reduced SWIFT dependency: With BRICS Pay and sovereign CBDCs in place, member states can avoid political and systemic risks tied to Western clearinghouses.

However, execution remains a challenge. The currency’s viability hinges on:

• Cooperation across diverse economies

• Political stability and sustained commitment

• Market trust in a supranational unit still under development

Conclusion: The Countdown Begins

BRICS is no longer theorizing a new monetary future—it is engineering it. If timelines hold, the world could see a functional, digitally-native BRICS currency by 2026, backed by blockchain infrastructure and central bank cooperation.

With dedollarization already underway, this initiative could redefine trade dynamics, commodity pricing, and financial sovereignty in the emerging multipolar world.

@ Newshounds News™
Source:  CoinTribune   

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10 New Countries on the Verge of Joining the Expanding BRICS Alliance
As 34 nations express interest in membership, BRICS eyes strategic additions from oil-rich, GDP-growing, and infrastructure-hungry regions.

BRICS Expansion Momentum Accelerates: 10 Countries Likely to Join Next

The BRICS bloc is poised for another significant expansion as 34 countries signal interest in joining the coalition. Of these, 23 nations have formally submitted membership applications, while 11 others have shown informal interest.

Originally formed in 2009 by Brazil, Russia, India, China, and South Africa, the alliance expanded in 2024 with the induction of Egypt, Ethiopia, Iran, the UAE, and Indonesia—bringing total membership to 10 nations, alongside 13 designated “partner countries.”

Now, attention turns to the next wave of prospective members—a strategically selected group of countries that offer regional influence, economic growth, and commodity resources.

Top 10 Countries Under Consideration for BRICS Membership

BRICS is carefully assessing candidates based on their resource base, GDP potential, geopolitical positioning, and compatibility with the bloc’s long-term agenda, including the use of local currencies through the New Development Bank (NDB).

Here are the 10 most likely additions:

1. Bahrain

2. Malaysia

3. Turkey

4. Vietnam

5. Belarus

6. Sri Lanka

7. Mexico

8. Kuwait

9. Thailand

10. Uzbekistan

Strategic and Economic Drivers Behind the Candidates

• Oil Economies: Bahrain and Kuwait offer strong crude production and exports, bolstering BRICS' energy influence alongside existing members like Russia, Iran, and the UAE.

• Gateway Markets: Mexico would give BRICS unprecedented access to Latin American markets, while Belarus could open up new corridors into Eastern Europe—a region of both economic and political interest to the bloc.

• Emerging Asian Economies: Vietnam, Turkey, Malaysia, Thailand, Uzbekistan, and Sri Lanka bring growing populations, developing infrastructure, and high demand for funding—making them prime candidates for the NDB’s local-currency lending expansion.

This planned expansion aligns with BRICS’ broader mission to create a multipolar global economic structure, reducing dependency on Western-led financial institutions like the IMF and World Bank.

The New Development Bank’s Role in Expansion

The New Development Bank (NDB)—BRICS' financing arm—is actively working to disburse loans in local currencies rather than relying on the US dollar. That strategy makes the inclusion of infrastructure-hungry economies attractive, particularly as BRICS aims to boost intra-bloc trade, energy deals, and development financing without Western intermediaries.

These candidate countries, many of whom are facing infrastructure bottlenecks, sovereign debt pressures, or development funding gaps, would benefit from BRICS’ multilateral support, while the bloc gains in economic leverage, geopolitical reach, and market integration.

Conclusion: From 10 to 20—BRICS Evolves into a Global Power Bloc

As BRICS continues its deliberate expansion, the alliance is steadily transforming from a symbolic counterweight to the G7 into a functional global alternative. The next wave of members—if approved—could bring the bloc’s core membership to 20 nations, expanding its reach across Latin America, Asia, Eastern Europe, and the Gulf region.

With the world increasingly polarized between Western financial hegemony and multipolar alternatives, BRICS appears to be consolidating power through a combination of resource diplomacy, economic integration, and currency sovereignty.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

“Tidbits From TNT” Tuesday 7-29-2025

TNT:

Tishwash:  Bilateral meeting with China: Iraq seeks to strengthen its relationship with its neighbors, especially Kuwait.

Prime Minister and Minister of Foreign Affairs Fuad Hussein affirmed on Monday that dialogue and negotiation are the best way to resolve regional disputes, noting Iraq's efforts to strengthen its relations with neighboring countries, particularly Kuwait.

The Ministry of Foreign Affairs said in a statement received by Dijlah News that “Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein met on Monday with the Chinese government’s Special Envoy for Middle East Affairs, Zhai Jun, on the sidelines of the conference hosted by the United Nations on the Palestinian issue, at the headquarters of the Iraqi mission to the organization in New York.”

He added, "The meeting discussed bilateral relations between Iraq and China, and exchanged views on the situation in the region, particularly developments in the Palestinian issue and the worsening humanitarian tragedy in Gaza."

The statement added that "the minister highlighted Iraq's position on the ongoing events in Gaza," while expressing his thanks to China for "its supportive stance on Palestinian rights and its standing with the Palestinian people during the difficult circumstances they are experiencing."

He pointed out that "Fuad Hussein reviewed Iraq's vision regarding the overall situation in the region," and while stressing that "dialogue and negotiation constitute the best way to resolve regional disputes," he pointed out that "Iraq seeks to strengthen its relations with neighboring countries, especially with the sisterly State of Kuwait, in a way that ensures the building of distinguished relations based on mutual respect and common interests."

The statement quoted the Chinese envoy as saying that his country "supports Iraq's positions and balanced policies on regional issues," noting that "the two sides share identical views regarding the need to enhance regional stability and intensify joint efforts to achieve security and peace." link

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Tishwash:  Payment of dues in black oil and tightening controls at ports are the main reasons for the dollar's decline.

 10 interpretations from expert Manar Al-Abidi

Economic researcher Manar Al-Obaidi reviewed 10 reasons behind the decline in the dollar exchange rate against the dinar in Iraqi markets on Monday, stressing that they have collectively created an economic environment that has contributed to strengthening the dinar's value.

He pointed out that these reasons range from direct economic factors, such as deflation and a decline in spending, to procedural and regulatory factors, such as tightening border controls and traders' shift to the formal banking system, in addition to circumstantial factors related to the elections and the increasing number of expatriates.

 The exchange rate of the dollar against the Iraqi dinar has witnessed a significant decline recently. This decline is due to a combination of intertwined economic and procedural factors, which vary in their impact but have collectively contributed to strengthening the dinar.

 The most prominent of these factors are:

1- Economic contraction and declining consumer confidence:

The uncertainty facing the Iraqi market due to the economic slowdown has led to a decline in individual and institutional spending confidence, negatively impacting overall demand and thus reducing the need for the dollar as a catalyst for trade.

2- Stopping government investment expenditures:

The government's focus on operating spending rather than investment has slowed economic activity. Since the general budget is the primary driver of economic activity, reducing investment spending has reduced aggregate demand, including demand for the dollar.

3- Tightening control over border crossings:

Government measures to prevent smuggling and regulate relations with the Kurdistan Region have helped curb the phenomenon of overbilling, reducing the unreal demand for dollars on the parallel market.

4- Merchants’ transition to the formal banking system:

Markets have witnessed a large segment of traders entering the formal banking system and adopting the official dollar exchange rate through approved platforms, which has reduced trading volume in the parallel market and eased pressure on the dollar.

5- Decline in re-export operations:

The decline in re-export activity to neighboring countries has reduced demand for imported goods, which has directly impacted the need for dollars to finance these trade transactions.

6- Settling the dues of major companies with petroleum products instead of cash:

The government has settled part of its debts to foreign companies in black oil and naphtha instead of cash, reducing reliance on dollars sold by the central bank and increasing their supply in the market.

7- Preparations for the electoral process:

As the election season begins, campaign spending increases. This spending is often financed from dollar reserves, which necessitates converting large amounts of these reserves into dinars to cover campaign expenses, thus increasing the supply of dollars.

8- Increase in the number of foreign visitors and arrivals:

The increasing number of immigrants to Iraq has brought significant amounts of foreign currency into the local market, providing an additional source of hard currency outside of central bank sales and contributing to increased dollar availability.

9- The cessation of illegal trade as a result of the closure of the border with Syria:

The closure of border crossings with Syria has curbed smuggling and illegal trade, which was heavily reliant on dollars on the parallel market, leading to a further decline in demand for the dollar.

10- Decrease in the issued currency and withdrawal of part of it from the market:

The Central Bank of Iraq withdrew a portion of the dinar money supply from the market, creating a double demand for the Iraqi dinar against the dollar. This balance in demand for the two currencies helped strengthen the value of the dinar and raise its exchange rate against the dollar in the parallel market. link

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Tishwash:  Iraq replaces the dollar with gold: a yellow shield against economic storms.

Economic expert Nasser Al-Kanani revealed on Monday (July 28, 2025) that Iraq's position as the Arab country with the largest gold purchases represents a strategic shift in the Central Bank's approach to enhancing the country's financial stability.

Al-Kanani told Baghdad Today, "Iraq's purchase of more than 20 tons of gold in a single year, and its rise to seventh place globally in this field, reflects a calculated move by the Central Bank to protect the national economy from fluctuations in foreign currency prices, especially the dollar."

He pointed out that "gold is considered one of the safest reserve instruments, as it is not affected by fluctuations in the monetary market, unlike paper currencies. This gives Iraq a strategic advantage in confronting sudden crises and enhances confidence in its financial policies, both domestically and internationally."

Al-Kanani explained that "this trend will positively impact the value of the Iraqi dinar in the medium term. It will also contribute to the stability of the local market and reduce reliance on the dollar, giving the Central Bank greater flexibility in managing monetary policy and achieving economic stability in light of current regional and global challenges  link

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Mot:  Sum mor ""Marriage/Family Tips"" frum ole Mot of Course!! 

Mot:  And then the ""Fight"" Started!!!

Seeds of Wisdom RV and Economic Updates Tuesday Morning 7-29-25

Good Morning Dinar Recaps,

Ripple, Circle, Fidelity Among 6 Crypto Giants Racing for US Bank Charter
Institutional momentum accelerates as crypto firms pursue national regulatory alignment under a newly permissive OCC framework.

Federal Greenlight Incoming: 6 Crypto Banks Await OCC Approval

A major shift in federal crypto regulation is underway as six digital asset firms have applied for national bank charters with the Office of the Comptroller of the Currency (OCC)—a move that would allow them to operate across the U.S. under a single regulatory umbrella.

The pending license applications, publicly listed on the OCC’s site, mark a sharp rise in institutional interest in offering crypto services within the framework of federally chartered banking. The submissions reflect growing industry alignment with national financial infrastructure as digital assets seek full-scale integration into the U.S. financial system.

The Applicants: Crypto and TradFi Heavyweights

The firms seeking a national charter include some of the most prominent names in digital assets and traditional finance:

• Bitgo Bank & Trust, National Association – Application submitted July 14

• Ripple National Trust Bank – Filed July 2

• First National Digital Currency Bank, N.A. – Filed June 30 by Circle Internet Group

• Erebor Bank, N.A. – Filed June 12

• Fidelity Digital Assets, N.A. – Filed June 11

• National Digital Trust Co. – Filed May 28

These proposed banks are structured as national trust banks, a charter that enables them to custody digital assets, issue stablecoins, and interact with public blockchains—all within a regulated environment that permits operations in all 50 states.

OCC Signals Regulatory Shift: Interpretive Letter 1183

The regulatory landscape dramatically changed in March 2025 with the OCC’s release of Interpretive Letter 1183, which eliminated the requirement for “supervisory non-objection” for national banks engaging in digital asset activities such as:

• Custodying crypto assets

• Managing stablecoin reserves

• Running blockchain nodes

This reversal of earlier guidance now formally permits federally chartered institutions to offer crypto-related services without prior case-by-case approval.

In an official statement issued in May, the OCC declared:

“The federal banking system is well positioned to engage in digital asset activities.”

A Turn Away from Caution: OCC Withdraws from Fed/FDIC Crypto Warnings

In another critical development, the OCC has withdrawn its endorsement of prior joint statements with the Federal Reserve and FDIC, which had urged caution on crypto risks and discouraged use of public blockchains.

By stepping back from these earlier risk bulletins, the OCC is positioning itself to encourage responsible innovation, reduce regulatory friction, and standardize oversight across the federal banking system.

Implications: A Unified Path for Crypto Banking

If approved, these charters would allow Ripple, Circle, Fidelity, and others to operate nationally regulated crypto banks, providing services once siloed by state-by-state licensing frameworks.

This convergence of crypto and traditional banking signals a new era of legitimacy, where federally licensed crypto institutions may soon stand alongside legacy banks, backed by OCC oversight, and free to scale nationwide.

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

Rakbank and Bitpanda Launch UAE’s First Bank-Backed Crypto Trading Platform for Retail Customers
Strategic partnership signals UAE's accelerating push into regulated digital finance, bridging banking and blockchain through mobile-accessible crypto services.

Historic Milestone: Rakbank Becomes First Traditional UAE Bank to Offer Crypto Trading

The National Bank of Ras Al Khaimah (Rakbank) has officially become the first conventional bank in the United Arab Emirates to launch crypto trading for retail clients, in partnership with Bitpanda, a regulated Austrian digital asset infrastructure provider.

Through its mobile banking app, Rakbank now enables customers to buy, sell, and swap cryptocurrencies directly from their dirham-denominated current or savings accounts, eliminating the need for foreign exchange conversions or transfers to external crypto platforms.

This development marks a significant advancement in the UAE’s drive to become a global hub for digital finance, offering fully regulated, bank-backed crypto access for everyday investors.

How It Works: Seamless, AED-Denominated Crypto Brokerage

The crypto service is powered by Bitpanda Broker MENA DMCC, a Dubai-based entity licensed by the Virtual Assets Regulatory Authority (VARA). Bitpanda’s infrastructure enables:

• Real-time crypto trading in AED (United Arab Emirates dirham)

• No foreign exchange or remittance fees

• Custody and execution under regulatory compliance

• Mobile app integration for direct access from Rakbank accounts

By leveraging Bitpanda’s secure backend, Rakbank has removed the complexity traditionally associated with accessing crypto markets, offering a streamlined and compliant digital asset experience.

“We are proud to be the first conventional bank in the UAE to enable simple, secure, and regulated access to a world-class digital assets platform,”
— Raheel Ahmed, Group CEO, Rakbank

Strategic Vision: UAE as a Blockchain and Crypto Hub

The new offering is currently available by invitation only, with a phased public rollout planned in the coming months.

Rakbank’s initiative follows its 2023 partnership with Bitpanda to co-develop a broader digital asset management platform, underscoring the bank’s belief that digital assets represent the future of finance.

“This partnership is a big moment for digital assets in the region,”
— Lukas Enzersdorfer-Konrad, Deputy CEO, Bitpanda

Bitpanda, already working with Deutsche Bank, Raiffeisen Bank, and N26 in Europe, brings global institutional experience to the UAE’s crypto ecosystem.

Regulatory Tailwinds: UAE's Pro-Crypto Posture Strengthens

Rakbank’s crypto launch coincides with broader moves by UAE authorities to establish the region as a blockchain innovation leader:

• Over 600 crypto companies have registered in the Dubai Multi Commodities Centre free zone.

• The Dubai International Financial Centre (DIFC) and One Central are attracting global digital finance players.

• In June, the Dubai Financial Services Authority (DFSA) approved Ripple’s RLUSD stablecoin, reinforcing confidence in the jurisdiction's regulatory framework.

Conclusion: A Bank-Led Bridge Between Traditional Finance and Digital Assets

With this move, Rakbank sets a precedent for mainstream crypto adoption via conventional banking, offering UAE residents secure, regulated, and user-friendly access to digital assets—all in local currency and through existing banking relationships.

The Rakbank–Bitpanda collaboration is more than a feature update; it represents a transformative step toward the institutionalization of crypto in the Middle East—where banking and blockchain are no longer siloed, but seamlessly integrated.

@ Newshounds News™

Sources:

• Cointelegraph

• Bitcoin.com

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

MilitiaMan and Crew: Iraq Dinar News-The Future of the Iraqi Dinar Value

MilitiaMan and Crew:  Iraq Dinar News-The Future of the Iraqi Dinar Value

7-28-2025

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

In this insightful video, we dive deep into the current state of the Iraqi Dinar and its implications for the country’s economy.

Join us as we explore key topics, including:

The Role of the Parliamentary Finance Committee: Discover how this influential body is realizing Iraq's financial policies and their impact on the Dinars' value. They have an interest in it, literally. KRG's Compliance Issues:

We analyze the Kurdistan Regional Government's (KRG) failure to adhere to judicial decisions, particularly regarding financial obligations and the repercussions for public sector employees' salaries. KRG playing by rules is going to make a difference for them.

Securing Salaries for Kurdistan Employees: Learn about the challenges facing the KRG in fulfilling its commitments to ensure timely salary payments for its workers and the broader implications for the local economy.

Iraq as a Global Trade Hub: Explore Iraq's strategic position as a potential center for global trade and how this could influence the Iraqi Dinar's stability and growth.

Replacing the Dollar with Gold: We discuss Iraq's recent moves to back its currency with gold, potentially reducing reliance on the US dollar and fostering greater economic independence and supporting the value of the dinar.

https://www.youtube.com/watch?v=Y0TQQuR5mVo

Iraq Economic News and Points To Ponder Monday Evening 7-28-25

 Economist: 10 Reasons Behind The Decline In The Dollar Exchange Rate Against The Iraqi Dinar

Monday, July 28, 2025 14:38 | Economic Number of reads: 217  Baghdad / NINA / Economic expert, Manar Al-Obaidi, confirmed on Monday that the continuous decline in the dollar exchange rate against the Iraqi dinar is due to ten main reasons, noting that these factors are intertwined, and their varying impact has collectively contributed to strengthening the dinar in the parallel market.

Al-Obaidi explained in a post on his official Facebook page that the most prominent of these reasons are the state of "economic contraction and declining consumer confidence," the suspension of government investment expenditures, and the tightening of control over border crossings, in addition to traders' shift to official banking platforms, the decline in re-export operations, and the settlement of some foreign companies' dues in petroleum products instead of cash.

He pointed out that "preparations for the electoral process played a role in increasing the supply of the dollar after political blocs resorted to converting their cash reserves into dinars to finance their campaigns, while the increase in the number of foreign arrivals and the cessation of illegal trade with Syria contributed to increasing the availability of the dollar in the markets."

Al-Obaidi pointed out that: “The Central Bank’s withdrawal of a portion of the monetary supply in dinars created additional demand for the local currency, which led to a gradual decline in the dollar,” stressing that: “The arrangement of these reasons reflects the extent of each of their impact on the parallel market, without denying the existence of other undisclosed factors that may contribute to this decline.” /End   https://ninanews.com/Website/News/Details?key=1243368

The Dollar Exchange Rate In Baghdad And Erbil Remains Stable.

Stock Exchange  The dollar exchange rate stabilized against the Iraqi dinar on Monday afternoon in the markets of Baghdad and Erbil, coinciding with the closing of the stock exchange.

The dollar exchange rate stabilized at the close of trading on the Al-Kifah and Al-Harithiya stock exchanges, recording 139,200 dinars per $100, the same rate as this morning.

As for the selling prices at exchange offices in Baghdad's local markets, they remained stable, with the selling price reaching 140,250 dinars for $100, while the buying price reached 138,250 dinars for $100.

In Erbil, the dollar also remained stable, with the selling price reaching 138,975 dinars per $100 and the buying price reaching 138,950 dinars per $100. https://economy-news.net/content.php?id=58015

An Economic Expert Told NINA: Terminating The Iraq-Turkey Oil Pipeline Contract Poses Major Economic Challenges To Iraq.

Monday, July 28, 2025, 15:40 | Economic Number of reads: 242  Baghdad / NINA / Economic expert Raad Twaij considered the termination of the Iraq-Turkey oil pipeline contract a negative step for the Iraqi side, stressing the need for Iraq to be prepared to develop alternative routes to Turkey, at a lower cost.

Twaij said in a statement to the National Iraqi News Agency ( NINA ): "The suspension of the pipeline transporting Iraqi oil through Turkish territory next year may coincide with new developments or new obligations that may be presented in any new agreement."

He explained that the Turkish strategic perspective is based on the fact that Turkey is a profitable country, and that the comparative advantage in exporting oil is for both Iraq and Turkey.

Therefore, Turkey is trying to obtain the maximum benefit from this pipeline by imposing higher tariffs for the arrival of oil to the Turkish port of Ceyhan, thus turning a historical page on this pipeline, which was marred by some obstacles in Kirkuk's production or the use of the pipeline by other parties, which Turkey considers an "unfavorable tariff."

The economic expert stressed that the Iraqi negotiator must prepare early for this issue and attempt to obtain a favorable transportation cost from the other side, which proposed increasing the fee per barrel to $2.50.

He also stressed the need to work on transporting as much as possible through the pipeline to reduce the cost of transporting each barrel, and to use an accompanying pipeline to transport gas from northern Iraq and export it to Europe via Turkey.

He also emphasized the need to take advantage of the new Turkish proposal to benefit from Turkish investment and propose a partnership in the field of petrochemicals and hydrocarbon production, linking it to the development path within the framework of a comprehensive agreement.

Ankara announced last week the termination of the oil pipeline agreements with Iraq, effective July 2026.

The decision, issued by presidential decree and published in the Turkish Official Gazette, could mark the beginning of a new phase in the Kirkuk-Ceyhan pipeline, which for years has served as a vital artery for Iraqi oil exports to the Mediterranean.

This announcement raises major questions about its political and economic repercussions and poses serious challenges to Iraq in its search for strategic alternatives.

The Kirkuk-Ceyhan pipeline is one of Iraq's main oil export routes, transporting crude oil from oil fields in northern Iraq, particularly in the Kurdistan Region and Kirkuk, to the Turkish port of Ceyhan on the Mediterranean.

The original agreement between Iraq and Turkey was signed on August 27, 1973, and the pipeline became operational in 1977. Its goal was to enable Iraq to export its oil to global markets via the Mediterranean, bypassing the Strait of Hormuz. https://ninanews.com/Website/News/Details?key=1243380

Iraqi Oil Maintains Gains At The Start Of Weekly Trading.

energy  Economy News – Baghdad  Iraqi oil prices remained remarkably stable during the opening of trading on Monday on the global market, exceeding $70 per barrel at the start of trading.

According to the data, Basra Medium crude reached $70.48 per barrel, while heavy crude reached $67.43 per barrel, with both prices changing by +0.57%.

The data also showed a decline in global oil prices, with British Brent crude reaching $68.85 per barrel, while US West Texas Intermediate crude reached $65.51 per barrel, both down +0.41%. https://economy-news.net/content.php?id=57986

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

1929 Repeat as Credit Bubble Collapses

1929 Repeat as Credit Bubble Collapses

WTFinance:   7-28-2025

In a recent compelling episode of the ‘What the Finance’ (WTFinance) podcast, host Alfie Peppiatt featured renowned expert Alasdair Macleod, known for his incisive analysis of sound money, economics, geopolitics, and precious metals.

The discussion delivered a sobering assessment of the global financial landscape, drawing alarming parallels between today’s economic conditions and the precipice of the 1929 Great Depression.

Macleod meticulously detailed how a burgeoning credit and debt bubble is pushing economies worldwide towards an inevitable recession and a perilous debt trap.

At the heart of Macleod’s warning is the unprecedented scale of global government debt. He argues that escalating bond yields and the proliferation of tariffs are not merely symptoms but active drivers exacerbating fiscal stress, particularly within G7 nations which face widening deficits and shrinking tax bases.

 This precarious environment, he posits, poses grave risks to all financial assets, including equities and bonds, as the system struggles under the weight of its own liabilities.

Macleod underscored the profound fragility of the current financial system, which is intrinsically reliant on an ever-expanding credit base.

 He cautioned that a sustained rise in bond yields could trigger a swift and volatile collapse, a scenario for which central banks, he believes, possess no effective remedies. Their capacity to intervene is severely constrained by persistent inflation and the sheer magnitude of existing debt, leaving them caught between the impossible choices of high inflation or economic contraction.

The conversation also delved into the limitations of modern speculative assets. Macleod dismissed cryptocurrencies as fundamentally speculative, lacking the intrinsic qualities that define true money.

 In stark contrast, he championed physical gold and silver as “true, corporeal money” – assets with inherent value, free from counterparty risk, and historically proven as enduring stores of wealth, especially during times of financial turmoil.

Beyond the immediate economic indicators, Macleod’s analysis extended to the evolving geopolitical landscape. He highlighted the growing economic and political clout of nations like China and Russia, evidenced by their strategic initiatives such as the Shanghai Cooperation Organization (SCO) and their systematic accumulation of commodities and gold.

This strategic foresight stands in stark contrast, he suggested, to what he perceives as significant economic policy mismanagement in Western nations, leaving them ill-prepared for the impending crisis. He also touched upon the political resistance to central bank digital currencies (CBDCs) in the U.S. and their potential global implications, adding another layer of uncertainty to an already complex financial future.

Against this sobering backdrop, Macleod’s core advice for individuals and investors is unequivocal: “get out of credit.” He advocates safeguarding wealth by transitioning into real money – specifically physical gold and silver – and potentially considering resource-related equities.

He explicitly warns against chasing speculative assets or relying on government-backed credit instruments, urging vigilance and profound education on the inherent risks within our current monetary environment.

In essence, the WTFinance podcast episode, guided by Alasdair Macleod’s insights, paints a stark picture of a global economy teetering on the precipice. It’s a future shaped by unsustainable debt, credit fragility, profound geopolitical shifts, and pervasive monetary uncertainty.

His framework offers a critical lens through which to understand these challenges and provides actionable steps for wealth preservation amidst what he predicts will be unprecedented economic turbulence.

https://youtu.be/xh_0ljdCX7U

Iraq Economic News and Points To Ponder Monday Afternoon 7-28-25

Iraq Replaces The Dollar With Gold: A Yellow Shield Against Economic Storms. 

Today's Economy , | 1035  Baghdad Today – Baghdad  Economic expert Nasser Al-Kanani revealed on Monday (July 28, 2025) that  Iraq's position as the Arab country with the largest gold purchases represents  a strategic shift in  the Central Bank's approach to enhancing the country's financial stability. Al-Kanani told Baghdad Today,

"Iraq's purchase of more than 20 tons of gold in a single year, and its rise to seventh place globally in this field, reflects  a calculated move by the Central Bank  to protect the national economy from fluctuations in foreign currency prices,  especially the dollar."

He pointed out that "gold is considered one of the safest reserve instruments, as it is not affected by fluctuations in the monetary market,  unlike paper currencies.
 
This gives Iraq a strategic advantage in confronting sudden crises and  enhances confidence in its financial policies, both domestically and internationally." Al-Kanani explained that
 
"this trend will positively impact the value of the Iraqi dinar in the medium term.
 
It will also contribute to the stability of the local market and  reduce reliance on the dollar, giving the Central Bank greater flexibility in  managing monetary policy and achieving economic stability in light of current regional and global challenges."    https://baghdadtoday.news/279606-.html   

Trade: Expanding The Horizons Of Economic And Trade Cooperation Between Iraq And The United States Of America.
 
Sunday, July 27, 2025 | Economic     Number of readings: 410  Baghdad / NINA / Minister of Trade Athir Dawood Al-Ghariri discussed, on Sunday, with the US Chargé d'Affaires in Baghdad, Ambassador Stephen Fagin, ways to expand the horizons of economic and trade cooperation  between Iraq and the United States of America.
 
The Minister affirmed the Iraqi government's commitment to strengthening international economic partnerships, noting that the United States is a strategic partner in Iraq's ongoing efforts to develop the business environment and stimulate foreign investment.
 
Al-Ghariri highlighted the efforts made by the Ministry,  in cooperation with relevant authorities,
to hold the third round of negotiations for Iraq's accession to the World Trade Organization,  after a hiatus of more than 16 years.
 
He noted the  submission of goods and services files, a review of key economic and legislative reforms, including the  adoption of the Intellectual Property Law, and the  launch of the "Electronic Trader" platform as a step towards digital transformation.
 
Al-Ghariri explained that the  Ministry of Commerce is working to simplify the entry and operation procedures for American companies in Iraq,  pointing to the achievement of self-sufficiency in wheat production over the past two years, and the continuation of work on memoranda of understanding with the American side to meet the country's needs in a number of vital sectors.

The Minister  called on American companies to organize a "Made in America" exhibition in  Iraq and  proposed holding a joint forum between the Iraqi and American private sectors  to showcase investment opportunities and available projects.
 
He emphasized the importance of American companies' participation in the Baghdad International Fair.
 
For his part, Ambassador Fagin expressed his country's desire to expand bilateral cooperation,
praising the  ongoing economic reforms in Iraq and the  Ministry of Commerce's role in supporting the work of American companies and  providing an environment conducive to investment.
 
At the end of the meeting, the two sides agreed to enhance bilateral coordination and joint work  to expand the base of trade exchange, in a way that contributes to serving the common interests between the two friendly countries. /End 3     https://ninanews.com/Website/News/Details?key=1243139

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

“Tidbits From TNT” Monday 7-28-2025

TNT:

Tishwash:  Foreign Minister arrives in New York

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in New York to participate in an international conference on the future of the Palestinian cause.

A statement by the Ministry of Foreign Affairs received by the Iraqi News Agency (INA) stated that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in New York City to participate in a special international conference to discuss the future of the Palestinian cause and related developments on the regional and international arenas."

The conference, according to the statement, comes amid escalating challenges facing the Palestinian people.

During his visit, the minister is scheduled to hold a number of meetings with his counterparts, foreign ministers and international officials, to coordinate joint action in support of the Palestinian cause and strengthen the common Arab and Islamic position within the United Nations.  link

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

Tishwash:  Atwan al-Atwani Elected New Governor of Baghdad Following Council Vote

Two candidates were vying for the post: al-Atwani, head of the Iraqi parliament's finance committee, and Haider Mohan.

 Atwan al-Atwani was elected as the new governor of Baghdad on Sunday.

On the same day, Baghdad's provincial council convened to vote on the election of a new governor.

Two candidates were vying for the post: al-Atwani, head of the Iraqi parliament's finance committee, and Haider Mohan.

Iraqi President Abdul Latif Rashid stated on Saturday that Baghdad Governor Abdul Muttalib al-Alawi would retire and that a new governor needed to be appointed as soon as possible.

This marks the second time the governor of Baghdad has sought retirement; he previously applied on July 3 and was temporarily replaced by Mohan.  link

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

Tishwash:  Kurdistan is transforming into a new Iraq 

It's no surprise, with the Kurdistan Region of Iraq's employee salary crisis looming, that we hear numerous Iraqi Arab voices, from Arabs in Kurdistan and the central and southern parts of the country, calling on the government of Mohammed Shia al-Sudani via social media to end the crisis and pay the salaries of the region's employees.

It's no surprise to see, among these voices, those criticizing the federal government for its delay in addressing the crisis and sympathizing with the people of the region. They even sometimes remind Baghdad of the urban achievements, development, and prosperity achieved in the governorates of Erbil, Sulaymaniyah, Dohuk, and even Halabja, compared to what has been achieved to date in other Iraqi governorates.

This is despite the fact that the region's budget is not even equivalent to the budget of a federal ministry such as the Ministry of Education! This praise has been documented in comparative terms, and visual facts about the conditions of Iraqi cities in terms of basic services have been published.

It's true that everyone is aware of rampant corruption in the Kurdistan Region, which is criticized daily by local media and even acknowledged by some influential officials. However, there are also reconstruction and service development projects, albeit limited compared to previous phases.

The gist is that Iraq today is witnessing the gradual birth of a different citizenry, a conscious being whose eyes are fixed on the country as a whole, comparing people's conditions with the logic of the state and the ruling class's commitment to managing the country's affairs in a way that satisfies citizens and achieves their minimum aspirations, even if corruption persists and oversight institutions fail to curb it.

Corrupt accountability

The starting point here is that the Kurdistan Regional Government, despite receiving only 12 percent of the general budget, has become a unique model in Iraq in terms of urban development, the provision of safe drinking water, the continuity of national electricity, the paving of streets, the construction of bridges, the opening of universities and hospitals, the development of villages, the establishment of summer resorts and parks, the paving of roads, and so on.

This development and prosperity are achieved despite persistent corruption and despite citizens' occasional widespread demonstrations and protests demanding services, the timely payment of salaries, and the accountability of corrupt officials. Criticism of the general situation is also increasing from opposition forces and the free media in the region, expressing their desire for further progress, given the region's wealth and resources, which would ensure the well-being of any citizen if distributed fairly and free from corruption, favoritism, and theft. In other words, the Iraqi Arab citizen's comparison of the reality of the central and southern governorates with the reality of the northern governorates reflects a new awareness of a citizen striving for a better life and wishing to remain in a geographical area where they feel safe, prosperous, and where the state is present, with a minimum sense of responsibility, so that they are not forced to emigrate and leave their homeland. Today, this citizen is the one who chooses to live in Iraqi Kurdistan, residing among his family and compatriots, working or investing. Therefore, it is not surprising that he praises what the rest of the country lacks.

 Another fact, which is not often mentioned, is that the number of Iraqi Arabs residing in Kurdistan today is approaching one million people! While some of them moved to the region for security reasons, this same group now prefers to remain there even if the security situation stabilizes in the areas they left. The other group chose to reside in Kurdistan voluntarily, not only in search of safety, but also because they feel there is an entity serving its citizens.

Today, this new Iraqi citizen is also contributing to the birth of a different Kurdistan, one that has become a different Iraq where everyone coexists in peace and harmony: Kurds and Arabs, Sunnis and Shiites, Christians and Turkmen, and all other sects and denominations. This alone is enough to bestow an authentic Iraqi character on Kurdistan, a character perhaps superior and better than that of the rest of the country, where coexistence, tolerance, and the building of a spirit of citizenship prevail.  link

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

Mot:  What!!! -- I Thought it was Fun!!!!! 

Mot:  Shes Asking ---- Any Body Have!!! 

We are Close to Eliminating Income Taxes

We are Close to Eliminating Income Taxes

MJTruthUltra:  7-27-2025

OMG We are close to eliminating Income Taxes and the IRS!

Howard Lutnick just announced that we’re bringing in $700 BILLION in Tariff Revenue Annually already

REMEMBER…. several months ago, the Magic Number Tariff Income needs to Reach to in order to Cut INCOME TAX to ZERO for those making $150k or less… is $750 Billion.

WE’RE ALMOST THERE!

“Howard Lutnick said, anywhere approaching $750B, we have the line of site to cut income tax to ZERO for anyone making $150k or less.”

REMEMBER THIS….
A strategy president Trump could be waiting for is to wait riiight before the midterms to announce this… the midterms are going RED.

As I previously projected, I believed this would happen in late 2026, taking effect early 2027.

Lutnick: We’re bringing in 700 Billion Now
https://rumble.com/v6wrguy-howard-lutnick-were-bringing-in-700-billion-in-income.html

Trump wants no tax on those who makes $150k or less
https://rumble.com/v6wrgm0-howard-lutnick-were-taking-in-700-billion-in-tariffs.html

$750 Billion Magic Number
https://rumble.com/v6rulrb-the-magic-number-tariff-income-needs-to-reach-to-in-order-to-cut-income-tax.html

Lutnick, eliminate income taxes for those who make $150k or less
https://rumble.com/v6wrgoi-howard-lutnick-tariffs-will-eliminate-income-taxes-for-those-150k-or-less.html

Lutnick: No tax on $150k or less
https://rumble.com/v6wrgrq-howard-lutnick-trumps-goal-is-no-tax-for-150k-or-less-income.html

Source(s):   https://x.com/MJTruthUltra/status/1949542507966083081

https://dinarchronicles.com/2025/07/27/mjtruthultra-we-are-close-to-eliminating-income-taxes/

Iraq Economic News and Points To Ponder Monday Morning 7-28-25

Billions In Fines... Has The Central Bank Launched A Bank Purge?
 
July 27, 2025 Last updated: July 27, 2025  Al-Mustaqilla/- In a move that has raised many questions within banking circles, the Central Bank of Iraq has begun implementing financial sanctions on a number of private banks and exchange companies.
 
This is part of a campaign aimed at correcting the course of the banking sector, which is facing increasing criticism regarding    poor compliance and  exchange rate manipulation.

According to a schedule published yesterday afternoon,  the value of fines imposed on  banks and  exchange companies  amounted to more than 24 billion Iraqi dinars  uring the second quarter of this year.

This figure reflects the extent of accumulated violations in the local banking market,which observers believe  pose a direct threat to the   stability of the currency and the  policies of the Central Bank. An informed source revealed to Al-Mustaqilla that these sanctions come within the context of a broader movement that  began to take shape  following a recent meeting in Istanbul between a  delegation from the Central Bank of Iraq and  a US Federal Reserve official.

The move comes after the "Istanbul meeting.”
 
The meeting, according to leaks, witnessed a heated discussion about Iraq's commitment to international standards for combating money laundering and  terrorist financing, with threats of new sanctions that could affect the Iraqi banking sector  unless urgent reform measures are taken.

 Will Iraq witness the withdrawal of bank holidays soon?  

Economic sources indicate that the recent sanctions may be a preliminary  step toward revoking the licenses of some banks and exchange companies  that have failed to comply with regulations and instructions, particularly those involved in  dollar smuggling or  manipulation of exchange rates on the parallel market.
 
Observers expect the coming days to witness a broad audit campaign led by the Central Bank,  in coordination with regulatory and security agencies, to control banking performance and  address the chaos that has contributed to market turmoil and   undermined public confidence.
 
Message to banks: comply or exit the market  
 
The Central Bank's latest move could be a clear message to financial institutions: "Commitment first," as the Iraqi government seeks to  assert state sovereignty over the financial sector and  distance itself  from  political pressures and  vested interests  that have hindered sector reform for years. Experts believe that the success of these measures depends on  serious implementation, and not just financial fines, but also holding those responsible for violations accountable and withdrawing banking privileges from the parties involved.     https://mustaqila.com/غرامات-بالمليارات-هل-بدأ-البنك-المركز/    

Trump & Crypto: Will Bitcoin's Success Translate to the Iraqi Dinar?

19th July 2025 in Investment, Iraq Banking & Finance News  By Guest Blogger. https://www.iraq-businessnews.com/custom-search/?searchtext=%22guest+blogger%22&swcfpc=1
 Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
 Trump's Policies and Cryptocurrency: Will Bitcoin's Success Translate to the Iraqi Dinar?
 
The relationship between political leadership and financial markets has rarely been as pronounced as it is today with cryptocurrency.
 
Since Donald Trump's return to the presidency in January 2025, Bitcoin has experienced remarkable gains,
 
prompting investors to wonder whether this success might extend to other alternative investments like the Iraqi Dinar, where some people expect a significant dinar revaluation.
 
However, the fundamental differences between these assets reveal why Bitcoin's trajectory under Trump's administration is unlikely to be replicated by the Iraqi Dinar.
 
Bitcoin's Meteoric Rise Under Trump's Pro-Crypto Policies 
 
Bitcoin has demonstrated extraordinary performance since Trump's re-election, with the cryptocurrency surging approximately 60% since November 2024 and reaching heights of $111,000.
 
This dramatic increase can be attributed to several specific policy initiatives and strategic decisions by the Trump administration.
 
The foundation of Bitcoin's success lies in Trump's complete reversal from his previous skeptical stance toward cryptocurrency.
 
During his campaign, Trump promised to make America "the crypto capital of the planet," and
his administration has delivered on this promise through concrete legislative and regulatory actions.
 
In March 2025, Trump signed an executive order establishing a Strategic Bitcoin Reserve and  U.S. Digital Asset Stockpile,  signaling the federal government's commitment to cryptocurrency adoption.
 
The administration's approach has been systematically supportive of the cryptocurrency industry.
 
Congress recently passed the first major crypto legislation in U.S. history,
providing regulatory clarity that has been long sought by the industry.  

This regulatory framework has reduced uncertainty and encouraged institutional investment,
contributing to Bitcoin's price appreciation.
 
Trump's appointees reflect this pro-crypto stance, with one in five top administration picks holding cryptocurrency assets,  some worth millions of dollars.
 
This alignment between policy and personal investment demonstrates the
administration's genuine commitment to cryptocurrency adoption rather than mere political rhetoric.
 
The Iraqi Dinar: A Fundamentally Different Asset
 
The Iraqi Dinar operates in an entirely different economic and political ecosystem from Bitcoin.
 
While Bitcoin is a decentralized digital asset that responds to global market forces and regulatory changes, the Iraqi Dinar is a sovereign currency tied to Iraq's economic fundamentals and monetary policy decisions.
 
Current exchange rate data shows the Iraqi Dinar trading at approximately 1,310 dinars per U.S. dollar as of July 2025,
representing minimal fluctuation over the past year.
 
The International Monetary Fund projects an average exchange rate  of 1,300 dinars per dollar
     for both 2025 and 2026, indicating expectations of stability rather than dramatic appreciation.
 
The Central Bank of Iraq has successfully transitioned to a new trade finance system managed by commercial banks, which has contributed to exchange rate stability.
 
However, this stability is precisely what differentiates the Dinar from Bitcoin 
- the Iraqi currency is managed to maintain purchasing power rather than to serve as a speculative investment vehicle.
 
Why Trump's Crypto Policies Won't Impact the Dinar
 
Several fundamental factors explain why Trump's cryptocurrency-friendly policies cannot replicate Bitcoin's success with the Iraqi Dinar:
 
    Regulatory Jurisdiction: Trump's policies directly impact assets under U.S. regulatory authority.
 
Bitcoin, as a global digital asset traded on U.S. exchanges and held by U.S. institutions, falls within this sphere of influence.

The Iraqi Dinar, however, is governed by Iraq's Central Bank and monetary policy, which operates independently of U.S. cryptocurrency regulations.
 
    Asset Classification: Bitcoin is treated as a digital commodity and investment vehicle, making it responsive to regulatory changes that affect investor sentiment and institutional adoption.
 
The Iraqi Dinar functions as a national currency with exchange rates determined by economic fundamentals such as oil revenues, trade balances, and monetary policy decisions.
 
    Market Dynamics: Bitcoin's price appreciation stems from  increased institutional adoption,
     regulatory clarity, and  speculative investment driven by Trump's supportive policies.
 
The Iraqi Dinar's value is tied to Iraq's  economic performance, oil exports, and regional stability 
-factors largely unrelated to U.S. cryptocurrency policy.
 
    Investment Infrastructure: The cryptocurrency ecosystem has developed  sophisticated trading platforms, custody solutions, and financial products that respond rapidly to policy changes.
 
The Iraqi Dinar lacks this infrastructure for speculative investment, with most transactions occurring through traditional foreign exchange channels focused on trade and remittances rather than investment.
 
Economic Realities and Market Projections
 
Financial forecasts for the Iraqi Dinar suggest continued stability rather than dramatic appreciation.
 
Market projections indicate potential slight depreciation,
with the exchange rate possibly reaching around 1,318 IQD per USD by the end of 2025.
 
These projections reflect expectations of gradual economic adjustments rather than the explosive growth seen in Bitcoin.
 
Iraq's economy remains heavily dependent on oil revenues,
which are calculated based on the exchange rate of 1,300 dinars to one dollar in the federal budget.
 
This dependency on  commodity prices and the government's fiscal management creates a fundamentally different value proposition from Bitcoin's technology-driven and adoption-based appreciation.
 

The Broader Investment Landscape
 
The contrast between Bitcoin and the Iraqi Dinar illustrates a broader principle about how different asset classes respond to political and regulatory changes.
 
Bitcoin's success under Trump's administration demonstrates the  power of regulatory clarity and institutional support for emerging asset classes.
 
The cryptocurrency's  decentralized nature and global trading infrastructuremake it particularly responsive to positive policy developments.
 
Traditional currencies, even those from developing economies, operate within established monetary systems designed for stability rather than speculation.
 
The Iraqi Dinar's role as a medium of exchange and store of value for Iraq's economy necessitates careful management to prevent the volatility that investors seek in alternative assets.
 
Conclusion
 
While Trump's pro-cryptocurrency policies have created a favorable environment for Bitcoin's remarkable performance, these same policies cannot produce similar results for the Iraqi Dinar.
 
The fundamental differences between a  decentralized digital asset and a  sovereign currency mean that
each responds to entirely different sets of economic and political factors.
 
Bitcoin's success under Trump's administration reflects the power of regulatory support and institutional adoption in driving speculative asset prices.
 
The Iraqi Dinar's stability reflects the careful monetary management required
to maintain a functioning national currency.
 
Investors considering whether Trump's policies might benefit the Iraqi Dinar should recognize
that the two assets exist in fundamentally different economic ecosystems,
with success metrics that are not only different but often contradictory.
 
The lesson for investors is clear: while political leadership can significantly impact certain asset classes,
the specific characteristics of each investment determine how it responds to policy changes.

Bitcoin's  technological foundation and   speculative nature make it responsive to regulatory developments, while the Iraqi Dinar's role as a national currency  requires it to prioritize stability over explosive growth.    
https://www.iraq-businessnews.com/2025/07/19/trump-crypto-will-bitcoins-success-translate-to-the-iraqi-dinar/ 

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