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

Good Afternoon Dinar Recaps,

Crypto Policy Crossroads: Senate Pushes Digital Asset Frameworks for Markets and Mortgages
Digital regulation gains momentum as lawmakers weigh oversight frameworks and new use cases

Senate Committee Unveils Digital Asset Regulation Framework

In a pivotal move for U.S. digital asset oversight, the Senate Banking, Housing, and Urban Affairs Committee has released a Discussion Draft aimed at formally regulating the crypto ecosystem. The proposal introduces foundational definitions, seeks jurisdictional clarity between federal agencies, and proposes comprehensive guardrails for stablecoins and digital asset intermediaries.

This marks a shift from fragmented enforcement to a structured legislative path, with implications for how exchanges, custodians, and token issuers will operate in the years ahead.

Key Elements of the Draft Legislation

• Defined Classifications of Digital Assets:
  The bill distinguishes between payment stablecoins, digital commodities, and securities, creating tailored compliance expectations for each.

• Clarifying SEC vs. CFTC Authority:
  Digital commodities would fall under CFTC jurisdiction, while the SEC would retain authority over assets resembling investment contracts, especially those with profit expectations tied to a third party’s efforts.

• Stablecoin Oversight and Reserve Requirements:
  Issuers would face federal registration and strict prudential standards, including full reserves in eligible assets, regular audits, and anti-money laundering (AML) protocols—drawing parallels with the Lummis-Gillibrand Payment Stablecoin Act.

• Consumer Disclosures:
  Retail-facing platforms would be required to deliver a standardized “digital asset disclosure form,” mirroring mutual fund prospectuses to inform users about risks, fees, and legal standing.

• Custody and Commingling Protections:
  Intermediaries would be barred from mixing customer funds with corporate assets, with enhanced custody and recordkeeping practices designed to avoid failures akin to FTX.

Reactions and Outlook

The industry has responded with cautious optimism, welcoming the move toward regulatory clarity. However, concerns remain over the breadth of federal reach, especially as it pertains to software developers and decentralized protocols.

Regulatory agencies are divided. While the CFTC supports expanded authority over digital commodity markets, the SEC continues to assert a broad view of its existing jurisdiction.

Although still in discussion phase, the draft opens the door for bipartisan negotiations, and could intersect with parallel bills such as the GENIUS Act and the CLARITY Act, both of which aim to modernize digital asset laws.

Crypto Assets in Homeownership? Lummis Targets Mortgages Next

In a surprising intersection of crypto and housing finance, Senator Cynthia Lummis (R-WY) has introduced the 21st Century Mortgage Act, a bill that would allow cryptocurrencies to be considered as assets during mortgage evaluations.

The legislation would codify a June 2025 directive from the Federal Housing Finance Agency (FHFA), which instructs government-backed mortgage purchasers like Fannie Mae and Freddie Mac to explore incorporating digital assets in loan risk assessments.

“This legislation embraces an innovative path to wealth-building, keeping in mind the growing number of young Americans who possess digital assets,” said Senator Lummis.

A Generational Wealth Tool – Or a Risk Factor?

The proposal comes amid generational shifts in asset ownership. According to U.S. Census data, homeownership among Americans under 35 sits at just 36% as of Q1 2025—well below historical averages.

The bill would allow crypto-holding borrowers to leverage their digital wealth without converting to fiat, offering a new route to homeownership. However, Senate Democrats have raised concerns, citing crypto's volatility and liquidity risks that may complicate borrower stability.

In a July 24 letter, several lawmakers urged FHFA Director William Pulte to fully examine the systemic implications of such a move.

Momentum Builds Across Chambers

The 21st Century Mortgage Act is one of several crypto bills expected to be discussed after the Senate’s August recess. Others include:

• A market structure bill that defines how crypto assets are traded and regulated.

• A House-passed bill barring the Federal Reserve from launching a central bank digital currency (CBDC).

• A House companion bill, the American Homeowner Crypto Modernization Act, introduced by Rep. Nancy Mace (R-SC), which also mandates that mortgage lenders consider digital asset balances held on registered exchanges.

Globally, similar initiatives are taking shape. Australia-based Block Earner recently announced Bitcoin-backed mortgage offerings, following a court ruling that its crypto lending services did not qualify as financial products under Australian law.

Conclusion: Crypto Enters the Regulatory and Housing Mainstream

From stablecoin regulation to mortgage underwriting, digital assets are entering formal policy discussions across U.S. institutions. The Senate’s regulatory proposals reflect a maturing market landscape—one that increasingly demands legal clarity, consumer protection, and financial integration.

While significant hurdles remain, these legislative developments suggest that digital assets are no longer peripheral. They are becoming part of the financial system’s foundation—not just as speculative investments, but as tools for access, collateralization, and wealth-building.

@ Newshounds News™

Sources:

• Bitcoin.com – Senate Committee Proposes Digital Asset Regulations

• CoinTelegraph – Lummis Crypto Mortgage Bill

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White House Readies Crypto ‘Regulatory Bible’ Amid Push for Strategic Bitcoin Reserve
New report expected to define U.S. digital asset rules for years to come

The White House is preparing to release a sweeping report this week that industry leaders have dubbed a “regulatory Bible”—a document expected to shape U.S. crypto policy and rulemaking for the foreseeable future.

The report stems from a January 2025 executive order by President Donald Trump establishing the President’s Working Group on Digital Asset Markets, tasked with delivering a detailed roadmap on how federal agencies should approach the evolving digital asset economy. The working group includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and SEC Chair Paul Atkins, among others.

While the contents of the report have not been officially released, early insights suggest it will influence every major regulatory decision over the next three and a half years.

“This will dictate every rulemaking or guidance document that comes out,” said Cody Carbone, CEO of The Digital Chamber, in an interview with The Block. “I do think it is a big deal.”

Legislative Context: A Convergence of Bills and Executive Strategy

The timing of the report coincides with a flurry of congressional activity. In mid-July, the House passed both a stablecoin oversight bill and broader digital asset market regulation, sending them to the president’s desk or over to the Senate for reconciliation.

Senate Republicans have targeted September 30 as a date to vote on a companion digital asset bill. The White House report is expected to fill critical regulatory gaps, guiding both federal agencies and lawmakers as they refine legislative proposals like the GENIUS Act, the CLARITY Act, and emerging digital payment infrastructure bills.

Carbone noted that the report may also revisit or repeal prior agency guidance, helping to standardize how platforms, issuers, and consumers engage with digital assets.

Bitcoin Reserve Still Uncertain, But a Priority

One of the more ambitious proposals under discussion is the creation of a U.S. strategic bitcoin reserve—a concept floated by President Trump in a March 2025 executive order. That order tasked key administration officials with exploring budget-neutral strategies to acquire and manage a digital asset stockpile, including bitcoin, without adding cost to taxpayers.

However, sources indicate the upcoming report does not yet include language on the bitcoin reserve, although that could change prior to publication.

“Nothing is set in stone,” Carbone said. “But I’m hoping the report will shed light on how the administration plans to acquire bitcoin and what a stockpile would include.”

Industry Expectations: Tax Policy and Tokenized Securities in Focus

Alongside regulatory clarity, tax treatment of digital assets ranks among the industry’s top priorities.

The Digital Chamber submitted a letter to Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets, emphasizing key industry needs:

• Clear and consistent tax guidelines for digital asset transactions and holdings.

• A legal framework for tokenized securities and digital commodities.

• Harmonized federal oversight across agencies, avoiding duplicative compliance burdens.

“Tax clarity is number one,” Carbone said. “That needs to be one of the foundational portions of this report and where Washington leans in.”

A Pivotal Moment for U.S. Crypto Policy

Industry leaders are treating the forthcoming release as a watershed moment in U.S. digital asset policy.

“We look forward to the release tomorrow... a significant milestone following this year’s executive order on digital assets,” said Summer Mersinger, CEO of the Blockchain Association.

“While most of the actions have been agency or Congress driven, the White House’s prioritization of crypto has been evident,” added Ron Hammond, head of policy and advocacy at Wintermute.

A briefing is scheduled for 2:30 p.m. Wednesday, involving both government officials and select industry stakeholders. It remains unclear whether the full report will be released before or after the session.

If fully realized, the report could define a national crypto strategy—from regulatory harmonization to strategic asset acquisition, tax reform, and digital infrastructure development. As the federal government accelerates its crypto policymaking, the industry is now positioned at a critical juncture between legitimacy and liability, growth and governance.

@ Newshounds News™
Source: The Block

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BlackRock Endorses Stablecoins as Key to Strengthening U.S. Dollar Dominance
GENIUS Act Seen as Dual Catalyst for U.S. Treasury Demand and Global Dollar Supremacy

BlackRock, the world’s largest asset manager with over $12.5 trillion in AUM, has added its voice to a growing chorus of analysts and policymakers suggesting that stablecoins could significantly enhance the U.S. dollar’s dominance in a rapidly digitizing global economy.

In a recent weekly commentary, BlackRock strategists praised the newly established U.S. stablecoin regulatory framework as a "step in the right direction" for the dollar. Their position reinforces the narrative that tokenized versions of the U.S. dollar, under proper regulation, could extend the reach of America’s fiat currency into new international use cases—including on-chain institutional settlement.

“Tokenized forms of the U.S. dollar will bolster its dominance, especially as institutional transactions move on-chain,” BlackRock noted.
“Stablecoins are part of the future of finance.”

GENIUS Act Ushers in First-Ever Federal Crypto Framework

The commentary follows passage of the GENIUS Stablecoin Act, the first federal crypto bill to be signed into law in the United States. The bipartisan legislation provides a regulatory blueprint for stablecoin issuers and outlines strict reserve requirements intended to strengthen market confidence and tie stablecoins directly to U.S. financial infrastructure.

BlackRock analysts highlighted that the law’s mandate for stablecoin issuers to hold reserves in U.S. Treasuries, money market funds, and repurchase agreements will generate a dual benefit:

• Boost demand for short-term U.S. debt instruments, and

• Enhance the credibility and attractiveness of stablecoins in both domestic and international markets.

From Under $50B to $273B: Stablecoins Enter Institutional Era

The stablecoin market has expanded from under $50 billion in 2021 to $273 billion as of July 2025, with rapid institutional integration now underway. The two largest stablecoin issuers—Tether and Circle—currently hold a combined $120 billion in U.S. Treasury bills, already representing 2% of the $6 trillion Treasury market.

As stablecoins gain traction across emerging markets, cross-border payments, and decentralized finance, BlackRock expects their share of Treasury demand to grow significantly, potentially reshaping liquidity flows in short-term government securities.

Dollar’s Digital Edge: First-Mover Advantage in Global Payments

While the U.S. dollar already dominates global trade, the rise of Bitcoin and other non-sovereign digital assets poses new challenges to fiat relevance. Stablecoins, especially those pegged to the U.S. dollar, offer a strategic counterbalance—allowing the greenback to maintain its primacy within blockchain-based financial systems.

“Stablecoins expose the dollar to entirely new digital use cases,” BlackRock stated, especially in jurisdictions where local currencies are unstable or access to U.S. dollars is restricted.

However, the firm cautioned that a prohibition on interest-bearing stablecoins—included in the GENIUS Act—could limit their appeal in certain major markets, particularly those where competitive yield is essential for adoption.

Bitcoin's Parallel Role: Risk, Return, and Digital Hedging

In the same analysis, BlackRock acknowledged that Bitcoin will also play a crucial role in the digital financial future—but as a risk asset rather than a stable store of value. While the firm has promoted BTC through its iShares Bitcoin Trust (IBTC) and other financial instruments, BlackRock continues to position Bitcoin as complementary to stablecoins, not a replacement for fiat.

The firm’s growing footprint in both tokenized assets and digital infrastructure aligns with its broader push to modernize capital markets through blockchain rails, tokenized securities, and programmable money.

Conclusion: GENIUS Act as a Catalyst for U.S. Financial Dominance

BlackRock’s analysis underscores a broader reality taking shape: stablecoins, when regulated effectively, are not threats to sovereign money—but vehicles for extending its reach. The GENIUS Act represents not only a breakthrough in digital asset policy, but also a strategic maneuver in currency diplomacy, ensuring the U.S. dollar remains embedded in the next generation of global finance.

As demand for digitally native, regulated, dollar-backed assets rises, the GENIUS framework—and the market it enables—could redefine the contours of both monetary power and international trade.

@ Newshounds News™
Source:  The Crypto Basic

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The $1 Quadrillion Time Bomb, Dollar Endgame, and Post-Collapse Hope

The $1 Quadrillion Time Bomb, Dollar Endgame, and Post-Collapse Hope

Liberty and Finance:  7-29-2025

In a recent interview with Liberty and Finance, financial analyst Phil Low explains that the derivatives complex, a financial instrument worth over a quadrillion dollars, sits atop the global financial system as the peak of Exter’s inverted pyramid.

This complex, often hidden from public view and off the books of financial institutions, represents a staggering amount of off-balance-sheet financial bets that threaten to bring down the entire system if they begin to unravel.

Derivatives, such as options, futures, and swaps, are financial instruments that derive their value from an underlying asset or security, such as stocks, bonds, or commodities.

While these instruments can be used to hedge risk and manage exposure, their complexity and the potential for misuse have led to concerns about their impact on the stability of the global financial system.

The derivatives market’s rapid growth is not a failure of capitalism, as some might argue, but rather a distortion caused by central banks enabling infinite credit expansion without market discipline. Central banks, particularly the U.S. Federal Reserve, have pursued policies of ultra-low interest rates and quantitative easing, which have fueled asset bubbles and encouraged excessive risk-taking by financial institutions. This has led to a massive buildup of leverage and speculative bets in the derivatives market.

If the derivatives market were to begin unraveling, through margin calls or a refusal to extend credit, it could instantly freeze the financial system. In such a scenario, the Federal Reserve would be forced to print trillions of dollars overnight just to keep the system afloat. This has led some to question the sustainability of the current system, which relies on constant intervention by central banks to prevent collapse.

In a true free market, institutions would bear the consequences of their risk-taking, but under the current system, the losses are socialized while the profits remain private.

Unless we restore sound money and allow markets to self-correct, this vast structure of speculative leverage teeters ever closer to collapse.

To prevent a potential catastrophe, it is crucial to address the root causes of the problem, including excessive leverage, moral hazard, and the distorting effects of central bank policies. This may require a fundamental rethinking of the role of central banks in the global economy and a return to sound money principles that prioritize market discipline and stability over short-term gains.

In conclusion, the derivatives complex represents a quadrillion-dollar time bomb that threatens to bring down the global financial system.

 To prevent a potential collapse, we must address the underlying causes of the problem and restore sound money principles that prioritize market discipline and stability over short-term gains. Watch the full video from Liberty and Finance for further insights and information on this critical issue.

https://youtu.be/Bhww1HIFPTE

Iraq Economic News and Points To Ponder Wednesday Morning 7-30-25

Government Advisor: Electronic Transformation Contributed To Lowering The Dollar Exchange Rate.
 
Baghdad - INA - Amina Al-Salami   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.

Saleh told the Iraqi News Agency (INA):
"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 transfer operations and trade finance to digital data and pre-verification of documents, such as the advance customs declaration."

He indicated that  "citizens' reliance on digital payment tools,  both locally and during foreign travel,  has led to a decrease in the volume of cash trading 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 40 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 is in addition to financing 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 transitioning 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.
 
We also emphasize the importance of supporting the higher education sector in 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://ina.iq/ar/economie/239703-.html  

Government Advisor: Localizing The Pharmaceutical Industry Saved More Than $1 Billion Annually.
 
Baghdad – INA   Hamoudi Al-Lami, the Prime Minister's advisor for industry and private sector development,  revealed significant developments in the field of localizing the pharmaceutical industry in Iraq on Tuesday.

While noting that localization has saved more than $1 billion annually, 
he confirmed that 34 factories are currently operating at full capacity and that there are 178 applications to establish pharmaceutical factories.  Al-Lami told the Iraqi News Agency (INA):
 
“Since the first week of its formation, the government has begun implementing a program to localize the pharmaceutical industry.
 
The Council of Ministers issued decisions in 2023 supporting this trend,
     whether for existing projects by expanding them or by providing facilities for new projects,
     by granting loans to investors wishing to establish new factories or develop their existing projects.”

He added, "The government has provided facilities regarding the required guarantees,  including opening credits guaranteed by production lines.

The Cabinet's decisions also included measures to support the provision of raw materials needed to operate existing and future industrial projects, in addition to reviewing the prices of medicines purchased by the Ministry of Health from national factories.
 
Prices have been more than doubled,
     which has led to an increase in the value of contracts with the General Company for Drug Marketing from 144 billion dinars at the beginning of the government's term to more than 600 billion dinars so far.
 
This represents the value of locally produced medicines and constitutes about a quarter of the cost of imported medicines,   which means saving more than a billion dollars annually so far." 

He confirmed that  "the number of applications to establish pharmaceutical and medical supplies factories has reached 178 by July 1, up from 100 previously.
 
These applications include factories for the production of medicines, medical supplies, surgical sutures, intravenous solutions, syringes, and other medical devices,  thanks to the government support provided to investors." 

 He explained that "the number of pharmaceutical factories producing in the country has increased to 34,  compared to 22 factories when the current government was formed.
 
This is the same number that has remained since the establishment of the first pharmaceutical factory in 1956 until the formation of this government." He explained that
 
"the new factories are operating at full capacity and have contributed to increasing the coverage rate of locally produced medicines."  Al-Lami explained that
 
"locally produced medications are subject to the highest international standards,
     the same specifications as those approved globally.
 
They are also subject to strict pharmaceutical oversight using the latest technologies.
 
Clinical trials are underway for complex medications, such as those for blood diseases and cancer,
which have begun to be produced locally after technology transfer from international companies."
He concluded his remarks by saying,
 
"The Prime Minister's directives emphasize that the effectiveness and safety of pharmaceutical production are a red line," noting that,  "during the tenure of the current government, 38 new medications have been added to treat high blood pressure, 33 new medications to treat diabetes, and 58 types of antibiotics covering the needs of adults and children in various forms.
 
Local production of 25 cancer medications has also begun through technology transfer." ttps://ina.iq/ar/economie/239730-.html  

Experts: Economic Partnerships Are An Important Step To Drive Development.
 
Economic 2025/07/30 Baghdad: Shukran Al-Fatlawi   Economic experts have commended the government's efforts to revive bilateral partnerships with international capital and organizations, stressing that this step will  increase sustainable development rates and  boost Iraq's production capacity in various fields.

They noted that the Development Road project is one of the most prominent gateways for attracting foreign partnerships with both the public and private sectors. 

According to experts, economic partnerships represent a real key to diversifying sources of income and a step toward eliminating rentierism,  which has severely impacted the Iraqi economy.
 
These partnerships also play a role in strengthening the capabilities of government institutions through
 resource management and reform implementation.
 
Sustainable Development
 
Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, said,  "Iraqi-global economic partnerships are the first gateway to achieving sustainable development for the country." He noted that  the Development Road project represents   a key link in achieving economic partnerships with advanced global efforts.  

Al-Najjar added that the advanced global effort is looking at Iraq with great interest, as it is a virgin labor market that provides renewed job opportunities in more than one sector, and this matter is considered a privilege and an attractive element within the Iraqi labor market that can be invested in the form Which revives the economy.
 
Implementation Transparency
 
Economic researcher Imad Al-Muhammadawi told Al-Sabah that economic advisory partnerships represent a fundamental pillar in supporting development efforts in Iraq, noting that  
their success requires effective government  commitment, political stability, and   transparency in implementation.

He also emphasized the importance of expanding these partnerships to include  nnovation, technology, the green economy, clean energy, and  other sustainable projects that serve the public interest, 
while taking into account the need to monitor performance evaluation to ensure sustainable results.

Development Path
 
Al-Muhammadawi stated that  at the forefront of international economic partnerships that can achieve significant positive results for Iraq is the “Development Road Project,”  which aims to link the port of Faw to the  Turkish border strip and Europe to the north, and the  Arabian Gulf to the south, 
to transport goods between the Gulf and Europe.
 
He described it as a major pivotal economic reform program that
     will have a positive impact on all sectors,
in addition to reducing the costs of transporting goods between Europe and Asia,
     reaching India and China, not to mention achieving stability.
 
And international security.
 
The spokesman pointed out that  economic partnerships represent a fundamental pillar in supporting development efforts in the country, noting that
 
cooperation between Iraq and international institutions  or donor countries works to  exchange expertise,  provide technical advice, and   support economic policies.

He explained that  these partnerships include multiple areas,
     foremost among which are
          tax and financial reform,
          restructuring economic institutions,
          improving the business and investment environment,
          developing the private sector, and
          enhancing financial inclusion,which means
 
“improving individuals and companies’ access to financial sector services and products and integrating them into banking systems to facilitate transactions.”
 
Preparing Plans
 
For her part, economic researcher Suhad Al-Shammari explained in an interview with Al-Sabah that 
Iraq has opened its doors to investment to countries with significant economic experience, noting that 
the country is witnessing the preparation of clear five- and ten-year plans for the economic and service sectors,  both domestically and internationally, due to its virgin investment resources.
 
These could move Iraq forward significantly,
     supporting its rentier economy that relies solely on oil,
          making it immune to oil price fluctuations and 
          away from regional variables.
 
At the same time, she indicated that  international consultations have
     contributed to the preparation of data-based economic policies, and have
     achieved important steps towards
          reforming subsidies and
          increasing transparency in the management of public funds, in addition to
     helping to enhance Iraq’s ability to negotiate and engage in regional and international economic initiatives.
 
International Customs System
 
It's worth noting that the country has multiple economic and financial contracts and partnerships, 


in addition to the "Development Road Project," represented
     by the official launch of the TIR system in Iraq, effective April 1, 2025, complementing this project.
 
This will
     reduce shipping times and strengthen Iraq's position as a regional trade corridor.
 
The TIR system is an international customs transit system that allows goods to pass from the country of origin to the country of destination in sealed loading containers with customs control along the supply chain,       helping transport companies and customs authorities save time and money. Big on the border.     https://alsabaah.iq/118278-.html 

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

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   

~~~~~~~~~

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

~~~~~~~~~

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“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

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

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

~~~~~~~~~

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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