Seeds of Wisdom RV and Economic Updates Sunday Afternoon 8-17-25

Good Afternoon Dinar Recaps,

BRICS Shakeup: India Rejects Full US Dollar Exit, Expands Rupee Trade

India’s Official Position: No Wholesale De-Dollarization

India has formally rejected speculation of abandoning the U.S. dollar, even as BRICS explores alternative settlement mechanisms.

MEA spokesperson Randhir Jaiswal clarified:

“We have made our position very clear on this issue earlier as well. De-dollarization is not part of India’s financial agenda.”

His remarks followed Brazilian President Lula’s renewed call for a BRICS trade currency amid U.S. tariff tensions.

External Affairs Minister S. Jaishankar reinforced India’s balanced stance:

“India is a member of the BRICS group, and we continue to remain in touch with member countries to discuss issues of shared interest.”

Bilateral Rupee Trade Expansion

Instead of a wholesale de-dollarization policy, New Delhi is pursuing targeted bilateral trade agreements to reduce dollar dependency.

Key developments include:

• Maldives: Direct rupee-rufiyaa settlement system established in November 2024.

• UAE: Operational arrangements underway for rupee settlements.

• Ongoing talks: With additional Asian and African nations to expand rupee settlement corridors.

RBI Deputy Governor Sanjay Malhotra confirmed that such agreements reduce both transaction costs and foreign exchange exposure for Indian businesses.

Strategic Positioning Within BRICS

India’s approach diverges from China and Russia, who are pushing alternatives like the digital yuan and ruble under sanctions.

Instead, India is:

• Avoiding a common BRICS currency, citing economic and geographic disparities.

• Maintaining global dollar access while selectively reducing dependency through bilateral deals.

• Retaining financial flexibility, ensuring that rupee trade expansion complements rather than replaces the dollar.

Pragmatic Currency Policy

India’s strategy shows a practical middle path in BRICS:

• No abrupt U.S. dollar exit.

• Focus on rupee internationalization via bilateral agreements.

• Balanced participation in BRICS without risking global market access.

This calculated stance places India as a unique player within BRICS—reducing dollar reliance where possible but preserving financial stability and international credibility.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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Iraq Economic News and Points To Ponder Late Saturday Evening 8-16-25

Rafidain Bank Signs An Agreement With An American Company In The Field Of Financial Consulting And Oversight

Banks  Economy News – Baghdad  Rafidain Bank announced today, Friday, the signing of a professional partnership agreement with an American company in the field of financial consulting and oversight.

Rafidain Bank Director General Ali Karim Hussein Zahir Al-Fatlawi said in a statement published by the Iraqi Embassy in Washington, "In a new strategic step that reflects Iraq's growing financial standing on the international stage, the Iraqi Embassy in Washington witnessed the signing of a professional partnership agreement between Rafidain Bank and K2 Integrity, a global leader in financial and regulatory consulting."

He added that "the agreement includes providing a comprehensive package of services, including combating money laundering and terrorist financing, implementing compliance systems in line with international standards, and strengthening the regulatory infrastructure of Iraqi banks."

He noted that "this cooperation is part of the Iraqi government's strategy to build a strong and transparent financial sector capable of keeping pace with global economic transformations and consolidating Iraq's position as a promising financial center in the region."

He explained that "this partnership represents a qualitative leap forward in the path of banking reform," noting that "the agreement will contribute to strengthening confidence in Iraqi banks and opening broader horizons for cooperation with correspondent banks around the world, supporting the government's goals of building a strong, transparent financial sector that is consistent with international best practices."

This signing comes as an extension of the government's approach to launching strategic projects that enhance Iraq's position as a promising financial center in the region, and consolidate its image as a country capable of keeping pace with global economic transformations with confidence and competence.   https://economy-news.net/content.php?id=58801

Rafidain Bank Signs Agreement With US Company Amid Criticism In Congress

Rafidain Bank announced on Friday (August 15, 2025) the signing of a professional partnership agreement with K2 Integrity, an American financial consulting and oversight firm, during a ceremony held at the Iraqi Embassy in Washington.

According to a statement from the bank, the agreement includes a package of services covering anti-money laundering and counter-terrorism financing, the implementation of international compliance systems, and strengthening the regulatory structure of Iraqi banks.

The bank's general manager, Ali Karim Hussein Dhaher Al-Fatlawi, emphasized that the partnership represents "a qualitative leap in the path of banking reform" and will contribute to enhancing confidence in Iraqi banks and opening up broader horizons for international cooperation.

According to the statement, this signing comes within the Iraqi government's strategy to build a strong and transparent financial sector capable of keeping pace with global economic transformations and consolidating Iraq's position as a promising financial center in the region.

However, US Representative Joe Wilson accused Rafidain Bank of conducting financial transactions with the Houthi group in Yemen, describing it as a "terrorist organization." He vowed to work to cut off US funding to Iraq in the upcoming financial allocations legislation and urged the US Treasury to impose sanctions against the bank.   https://www.radionawa.com/all-detail.aspx?jimare=42440

Rafidain Bank Confirms: Our Agreement With K2 Integrity Puts Iraq On The Map Of The Global Financial System

Banks  Rafidain Bank's General Manager, Ali Karim, emphasized that signing the partnership agreement with K2 Integrity represents a qualitative shift in the bank's journey and the Iraqi financial sector. He noted that this strategic step transforms Rafidain Bank from a traditional local institution to an integrated banking platform directly aligned with international standards.

Al-Fatlawi explained, in an interview with the official agency, followed by Al-Eqtisad News, that the partnership comes with direct support from Prime Minister Mohammed Shia Al-Sudani, and in accordance with Cabinet Resolution No. (23274) of 2023, within the framework of a comprehensive reform vision aimed at restructuring the banking sector, strengthening Iraq's economic and financial sovereignty, and repositioning the country on the map of the international financial system with confidence and transparency.

Al-Fatlawi told (INA): "The partnership agreement with K2 Integrity represents a qualitative shift for Rafidain Bank, which is no longer just a traditional local bank, but has become an institution working to connect Iraq to international banking standards."

He added, "K2 Integrity is a global leader in compliance and anti-money laundering and counter-terrorism financing, and our collaboration sends a clear message that Iraq is serious about reforming its financial institutions and preparing them to open up to the global financial system."

Prime Minister's support

He continued, "This partnership would not have seen the light of day without the great support of Prime Minister Mohammed Shia Al-Sudani, who adopted a serious reform vision to restructure the banking sector. The contract with K2 Integrity came in accordance with Cabinet Resolution No. (23274) of 2023, which reflects that this project is not just an individual initiative of the bank, but rather part of a higher government policy aimed at enhancing transparency and financial sovereignty in Iraq."

Direct gains for citizens

Al-Fatlawi told (INA): "On the local level, this agreement raises the level of compliance and transparency within the bank, and establishes a modern corporate culture based on governance and risk management. As for the citizen, it means more secure banking services, greater protection for their money, and enhanced confidence in an institution that has long been a fundamental pillar of the national economy. Simply put, the citizen will feel that their money is in safe hands subject to global regulatory standards."

Reintegrating Iraq into the international financial system

Regarding the agreement's implications for Iraq's financial reputation, he explained, "Iraq needs to rebuild trust with international institutions, and this agreement is key to that.

 Through K2 Integrity's services, we will be able to issue reports according to the highest international standards, which will put us back on the map of the international financial system and give us the ability to open up to global correspondent banks and attract foreign investment. Simply put, we are establishing a new phase in which Iraq is viewed as a country serious about reform, not as a fragile or isolated economy."

Fortifying the economy

Al-Fatlawi emphasized that "the banking sector is the first line of defense for any country's sovereignty. Through this partnership, we are not only improving our services, but also protecting our economy from the risks associated with financial isolation or unjustified accusations, and building institutional capacity that grants us greater independence. This step truly translates the vision of the Prime Minister and the Iraqi government for Rafidain Bank to be part of a broader national project to enhance economic sovereignty."

Regarding Rafidain Bank's future vision after this partnership, Al-Fatlawi told the Iraqi News Agency (INA): "This agreement reflects our ambition to transform into a modern, integrated banking institution, capable of keeping pace with technological and regulatory developments in the world.

We are establishing a brighter and more stable banking future, where citizens trust our ability to manage their money, and international institutions trust our ability to comply with global standards. Simply put, we are laying the foundation for an Iraqi bank with a global identity." https://economy-news.net/content.php?id=58856

Al-Araji Discusses With The US Chargé d'Affaires Enhancing Cooperation And Combating Terrorism.

A wish | 03:15 - 08/16/2025   Mawazine News - Baghdad -   National Security Advisor Qasim al-Araji received on Saturday the US Chargé d'Affaires in Iraq, Ambassador Stephen Fagin.

During the meeting, they discussed bilateral relations and ways to enhance cooperation in the field of combating terrorism and exchanging information and expertise.

Al-Araji also reviewed the details of the security memorandum of understanding signed between Iraq and Iran regarding border control and preventing smuggling and infiltration, stressing that Iraq proceeds from its supreme national interests and adopts a policy of balanced openness with countries of the region and the world.

For his part, Fagin renewed his country's support for the policies of the Iraqi government, praising its efforts in returning the displaced. He revealed that an international conference will soon be held in New York to urge countries to withdraw their nationals from the Syrian Al-Hawl camp and fully resolve this issue.   https://www.mawazin.net/Details.aspx?jimare=265192

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-17-25

Good Morning Dinar Recaps,

Ripple vs. SEC Lawsuit Nears Official Closure: Only One Step Remains

Case Closure Update

The long-running Ripple vs. SEC lawsuit, which began in December 2020, is effectively over. This week, the U.S. Securities and Exchange Commission (SEC) filed a status report with the Court of Appeals confirming that both Ripple and the SEC have jointly agreed to dismiss their appeals.

Contrary to speculation from some XRP supporters, no judge’s approval is needed. Former SEC lawyer Marc Fagel clarified that the only action remaining is an administrative closing by the court clerk, which finalizes the case.

“The only thing remaining is administrative closing of the case by the clerk. No judge approval is required. It’s essentially over already.” — Marc Fagel, Former SEC Attorney

Ripple Celebrates, XRP Price Reacts

Ripple confirmed the lawsuit’s end on its official channels, with senior executives and SEC Commissioners acknowledging the closure. The announcement quickly spread across the industry and generated millions of impressions online.

Market reaction was immediate:

• XRP’s price jumped as traders welcomed the resolution of long-standing legal uncertainty.

• Broader crypto markets also saw a positive response, with assets like Ethereum recording gains.

Analysts note that continued buying pressure could push XRP to new highs in the near term.

Implications for Ripple and the Crypto Industry

The lawsuit had cast doubt on XRP’s regulatory status, creating barriers for Ripple’s partnerships and adoption in the U.S. With the case concluded, Ripple is now in a stronger position to:

• Pursue new business deals with financial institutions.

• Expand adoption of its cross-border payment products.

• Reveal major product announcements that the company has hinted at for 2025.

This closure removes one of the largest overhangs in the U.S. crypto sector and sets a precedent for future regulatory clarity.

Conclusion

The Ripple vs. SEC lawsuit is, for all practical purposes, officially over. The final step is a routine court clerk action to close the appeal.

For Ripple, XRP holders, and the wider crypto ecosystem, this marks the end of a four-year legal battle and the start of a new growth phase.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

US Treasury Weighs Digital ID in DeFi to Combat Illicit Finance

Treasury Eyes Compliance Tech Under GENIUS Act

The U.S. Department of the Treasury is exploring whether digital identity verification tools could be embedded directly into decentralized finance (DeFi) protocols as part of its mandate under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, signed into law in July 2025.

The Treasury’s consultation seeks public feedback on how digital identity, AI, APIs, and blockchain monitoring could be leveraged to counter illicit finance in crypto markets. One proposal involves integrating digital identity credentials into smart contracts, allowing transactions to automatically verify a user’s identity before execution.

This would effectively hard-code Know Your Customer (KYC) and Anti-Money Laundering (AML) safeguards into blockchain infrastructure.

Potential Benefits of Digital ID Integration

According to Treasury, embedding digital identity checks could:

• Reduce compliance costs for institutions and DeFi platforms.

• Strengthen privacy protections through secure credential systems.

• Improve detection of money laundering, terrorist financing, and sanctions evasion before transactions occur.

Treasury also acknowledged risks, including data privacy concerns and the challenge of balancing innovation with regulatory oversight. Public comments are open until October 17, 2025, after which the Treasury will report to Congress and may propose new guidance or rules.

Banking Sector Raises Concerns Over Stablecoin Yields

In parallel, major U.S. banks, led by the Bank Policy Institute (BPI), have urged Congress to tighten GENIUS Act rules. They warn of a loophole allowing stablecoin issuers to bypass restrictions on paying interest by partnering with exchanges or affiliates.

According to BPI, unchecked growth of yield-bearing stablecoins could divert up to $6.6 trillion in deposits away from traditional banks, potentially threatening business credit access.

Conclusion

The Treasury’s consultation highlights a turning point in U.S. crypto regulation—where compliance could shift from institutional reporting to protocol-level enforcement.

The debate now centers on whether embedding digital identity into DeFi strikes the right balance between innovation, privacy, and financial stability.

@ Newshounds News™
Source: Cointelegraph

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Over 6,500 Pharmacies Gain Access to XRP Payment Solution via Wellgistics Health

Wellgistics Launches XRP-Powered Payment Program

Wellgistics Health, a leader in pharmaceutical distribution and AI-driven prescription services, has launched its XRP Implementation Program, bringing blockchain-based payments to more than 6,500 independent pharmacies and 200 manufacturers across the U.S.

The initiative leverages the XRP Ledger (XRPL) to enable:

• Instant, low-cost payments for pharmaceutical products.

• Bypassing of traditional banking and credit card networks.

• Encrypted, traceable, and HIPAA-compliant transactions.

The rollout, announced on August 13, is integrated with RxERP, an eCommerce and ERP system that provides real-time transaction management, onboarding, and reporting tailored for healthcare.

Real-World Utility for XRP

Pro-XRP attorney Bill Morgan praised the launch as “real utility and use for XRP and the XRPL.” He emphasized that onboarding is already underway, demonstrating immediate adoption rather than a future concept.

Wellgistics highlighted key benefits for pharmacies, including:

• Instant settlement, available 24/7.

• Faster access to working capital, improving inventory restocking and cash flow.

• Direct transactions between pharmacies and distributors with real-time confirmation.

Expansion Plans: Manufacturers and Direct-to-Patient Programs

Following the pharmacy rollout, Wellgistics plans to extend XRPL integration to pharmaceutical manufacturers, enabling direct, on-chain transactions.

A second phase will introduce Direct-to-Patient programs, allowing manufacturers to ship medications directly to patients’ homes in coordination with pharmacies and prescribing physicians.

According to COO Tony Madsen, the broader vision is to make all aspects of pharmacy payments faster, transparent, and frictionless.

Boost for XRP Adoption in Healthcare

The initiative marks a major milestone for XRP adoption in the U.S. healthcare sector, showcasing blockchain’s potential for large-scale, real-world use cases.

In addition to payment processing, Wellgistics announced plans in May to hold XRP as a treasury asset. To support the rollout, the company also secured a $50 million equity line of credit.

This move underscores XRP’s growing role in bridging finance and healthcare, pushing blockchain utility beyond crypto markets.

@ Newshounds News™
Source: The Crypto Basic   

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Sunday Morning 8-17-2025

TNT:

Tishwash: Rafidain: Our agreement with K2 Integrity puts Iraq on the map of the global financial system.

Rafidain Bank's General Manager, Ali Karim Al-Fatlawi, emphasized that signing the partnership agreement with K2 Integrity represents a qualitative shift in the bank's journey and the Iraqi financial sector. He noted that this strategic step transforms Rafidain Bank from a traditional local institution to an integrated banking platform directly aligned with international standards.

Al-Fatlawi explained, in an interview with the Iraqi News Agency (INA), that the partnership comes with direct support from Prime Minister Mohammed Shia al-Sudani, and in accordance with Cabinet Resolution No. (23274) of 2023, within the framework of a comprehensive reform vision aimed at restructuring the banking sector, strengthening Iraq's economic and financial sovereignty, and repositioning the country on the map of the international financial system with confidence and transparency.

Al-Fatlawi told (INA): "The partnership agreement with K2 Integrity represents a qualitative shift for Rafidain Bank, which is no longer just a traditional local bank, but has become an institution working to connect Iraq to international banking standards."

He added, "K2 Integrity is a global leader in compliance and anti-money laundering and counter-terrorism financing, and our collaboration sends a clear message that Iraq is serious about reforming its financial institutions and preparing them to open up to the global financial system."

 Prime Minister's support He continued, "This partnership would not have seen the light of day without the great support of Prime Minister Mohammed Shia Al-Sudani, who adopted a serious reform vision to restructure the banking sector. The contract with K2 Integrity came in accordance with Cabinet Resolution No. (23274) of 2023, which reflects that this project is not just an individual initiative of the bank, but rather part of a higher government policy aimed at enhancing transparency and financial sovereignty in Iraq."

 Direct gains for citizens

Al-Fatlawi told (INA): "On the local level, this agreement raises the level of compliance and transparency within the bank, and establishes a modern corporate culture based on governance and risk management. As for the citizen, it means more secure banking services, greater protection for their money, and enhanced confidence in an institution that has long been a fundamental pillar of the national economy. Simply put, the citizen will feel that their money is in safe hands subject to global regulatory standards."

 Reintegrating Iraq into the international financial system

Regarding the agreement's implications for Iraq's financial reputation, he explained, "Iraq needs to rebuild trust with international institutions, and this agreement is key to that. Through K2 Integrity's services, we will be able to issue reports according to the highest international standards, which will put us back on the map of the international financial system and give us the ability to open up to global correspondent banks and attract foreign investment. Simply put, we are establishing a new phase in which Iraq is viewed as a country serious about reform, not as a fragile or isolated economy."

Fortifying the economy

Al-Fatlawi emphasized that "the banking sector is the first line of defense for any country's sovereignty. Through this partnership, we are not only improving our services, but also protecting our economy from the risks associated with financial isolation or unjustified accusations, and building institutional capacity that grants us greater independence.

This step truly translates the vision of the Prime Minister and the Iraqi government for Rafidain Bank to be part of a broader national project to enhance economic sovereignty."

Regarding Rafidain Bank's future vision after this partnership, Al-Fatlawi told the Iraqi News Agency (INA): "This agreement reflects our ambition to transform into a modern, integrated banking institution, capable of keeping pace with technological and regulatory developments in the world.

 We are establishing a brighter and more stable banking future, where citizens trust our ability to manage their money, and international institutions trust our ability to comply with global standards. Simply put, we are laying the foundation for an Iraqi bank with a global identity."  link

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

Tishwash:  The Baghdad International Energy Forum: A platform to strengthen Iraq's position in global energy markets

The Baghdad International Energy Forum will kick off in the capital, Baghdad, on September 6 and 7, 2025. Organized by the Ghadan Risk Management Foundation, the forum will be inaugurated by Prime Minister Mohammed Shia al-Sudani, with the broad participation of senior executives from global energy companies, energy ministers, the OPEC President, and international experts.

The event reflects the international community's confidence in Iraq's capabilities and its pivotal role in this vital sector.
The forum aims to highlight Iraq's significant potential in the oil, gas, and renewable energy sectors, as a key partner in meeting global market needs and a supporter of international efforts to achieve sustainability.

The forum will be attended by energy ministers from the region and around the world, as well as global energy companies including TotalEnergies, Oman's OQ, BP, Chevron, Eni, and Shell. Its sessions will address energy security, market stability, and the transition to clean energy sources.

The forum is organized under the auspices of the State Oil Marketing Organization (SOMO) and in partnership with the Iraqi Ministry of Oil. It serves as an international platform for dialogue and exchange of views on the future of energy in Iraq and the region, and for exploring promising investment opportunities in this strategic sector. link

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Tishwash:  Iraq faces US banking guardianship... two crucial weeks for private banks

 Al-Mustaqilla/- Less than two weeks remain for private banks in Iraq to comply with the financial reform roadmap developed by the American firm Oliver Wyman, a move described by economic circles as the "last chance" to save the banking system from the specter of liquidation and bankruptcy.

According to informed banking sources, the Central Bank of Iraq has two options:

Forcing banks to increase their capital and merge those unable to expand their financial portfolios.

Liquidating violating banks, which opens the door wide to direct intervention by the US Federal Reserve to implement international standards in the Iraqi banking sector.

The risk of liquidation and “financial guardianship”

The second scenario is viewed with great concern within Baghdad, as it effectively imposes a form of American tutelage over the Iraqi banking sector, a precedent that could threaten Baghdad's financial independence and undermine public confidence in the banking system as a whole.

Experts believe that the US Federal Reserve's involvement could completely redraw the banking landscape in Iraq, from foreign exchange mechanisms to banks' ability to finance local projects.

Reform roadmap or political pressure?

Oliver Wyman's reform roadmap came in response to mounting US pressure, following increasing reports of financial transaction irregularities and accusations that some banks were involved in money laundering or illicit financing.

At the same time, the Iraqi government is seeking to strike a balance between meeting international demands and maintaining economic sovereignty, particularly since any direct foreign intervention would place Iraq in a position of weakness vis-à-vis its international partners.

The countdown has begun

The coming weeks will be crucial. Either the Central Bank of Iraq succeeds in imposing radical reforms that preserve the independence of financial decision-making, or it will find itself forced to accept American intervention, which could be read internally as a "declaration of failure" for the local banking system.  link

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Mot: ... and Yet Another ""Mot Wisdom Tip"" frum da INternet!!!! 

Mot:  Did Ya Ever Notice ---

Powell, Bad Data, and a Fractured Fed in the Shadow of the Trump Admin

Powell, Bad Data, and a Fractured Fed in the Shadow of the Trump Admin

Kitco News:   8-15-2025

The Federal Reserve stands at a critical juncture, navigating a complex landscape of economic data inconsistencies, growing internal dissent, and vocal political pressure regarding its leadership and monetary policy direction.

This intricate scenario was expertly dissected by Danielle DiMartino Booth, a respected voice in monetary policy, during a recent discussion with Jeremy Szafron on Kitco News.

The central theme of the conversation revolved around the quality of economic data guiding the Fed’s interest rate decisions and the palpable signs of an impending economic slowdown. Booth highlighted how a string of significant data revisions has thrown a wrench into the prevailing narrative of a robust economy, directly impacting the calculus for future rate decisions.

A key revelation from the discussion was the extensive downward revisions to crucial labor market data, particularly payroll figures. These adjustments, Booth noted, paint a starkly different picture than initially presented, weakening the argument for a perpetually strong jobs market.

Compounding this, rising delinquencies in consumer credit—specifically credit cards and student loans—further contradict the notion of a resilient consumer.

These inconsistencies, Booth emphasized, severely complicate the Federal Reserve’s decision-making process. If the underlying data guiding policy is flawed, then the resulting policy might be miscalibrated, risking either overtly tight or excessively loose monetary conditions.

Adding a potent political dimension to the economic discussion, Treasury Secretary Scott Bessent emerged as a vocal advocate for a dramatic shift in monetary policy. Bessent explicitly called for aggressive interest rate cuts, suggesting a lowering of 150 to 175 basis points, with an immediate 50 basis point cut as early as September.

He sharply criticized Fed Chair Jay Powell’s current “data-driven” approach as outdated, advocating for a return to a more proactive “1990s-style” economy where the Fed moved preemptively.

Bessent’s core warning: current monetary policy risks being “too tight for too long,” potentially stifling growth unnecessarily and pushing the economy into a deeper downturn.

Beyond the challenge of unreliable data, the discussion also shone a light on growing internal dissent within the Federal Open Market Committee (FOMC). An “unprecedented number of dissents” signals a widening divide among policymakers regarding the appropriate path for interest rates, indicating a lack of consensus that could further complicate future actions.

This internal friction, coupled with the increasingly public debate over Jerome Powell’s tenure as Fed Chair—with figures like Donald Trump and Scott Bessent openly discussing his potential replacement—raises significant concerns about the Federal Reserve’s cherished independence.

 The reputational and political challenges facing the central bank underscore the delicate balance it must maintain between economic imperatives and external pressures.

The Kitco News discussion with Danielle DiMartino Booth paints a complex picture for the Federal Reserve. Plagued by questionable data, facing external political pressure for aggressive rate cuts, and grappling with internal dissent, the Fed stands at a critical juncture.

The choices made in the coming months, both on rates and leadership, will undoubtedly shape the trajectory of the U.S. economy and redefine the central bank’s role in a highly charged political landscape.

https://youtu.be/OwMu7vnG-F4

IRS Reportedly Confirms $1,390 Stimulus Checks For Eligible Americans

IRS Reportedly Confirms $1,390 Stimulus Checks For Eligible Americans, Rumors of $2,000 August Payout Debunked — Plans Late Summer Rollout (UPDATED)

Vishaal Sanjay  ri, August 15, 2025 

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Editor’s Note: This story has been updated to include a comment from an IRS spokesperson.

Millions of Americans may be eligible for a $1,390 stimulus check by the U.S. Treasury Department and the Internal Revenue Service, as part of a plan aiming to provide financial relief to low and middle-income households.

Officials Dispel $2,000 Rumors, Confirm $1,390 Stimulus

While rumors continued to swirl around a potential $2,000 check in August, the IRS has denied that it has any such payment planned, but has confirmed the legitimacy of $1,390 payout, which it says is on track for low and middle-income Americans, according to a report by India’s The Economic Times newspaper.

The eligibility criteria for a $1,390 check follow the same income thresholds as past stimulus programs, such as up to $75,000 in income for individual taxpayers, $150,000 for married couples and $112,500 for heads of households.

Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — and you can too at just $2.90/share.

The payment, as always, is tax-free and will not impact benefits from other programs such as Medicaid, SNAP, Social Security, Veterans Affairs, or Railroad Retirement.

This is aimed at helping Americans cover rent, food and medical costs, at a time when living expenses remain elevated for millions.

An IRS spokesperson pointed out to Benzinga that Taxpayers had until April 15, 2025, to claim the Recovery Rebate Credit. They said there was "nothing else since then."

The Treasury didn’t immediately respond to Benzinga’s requests for a comment on this matter. This story will be updated as soon as we receive a response.

Trump’s DOGE Dividends And Tariff Rebate Plans

Early this year, President Donald Trump proposed a “DOGE Dividend” tax refund plan, as part of which 20% of the savings achieved by his administration’s Department of Government Efficiency will be returned to American citizens.

TO READ MORE:  https://www.yahoo.com/finance/news/irs-reportedly-confirms-1-390-113105179.html

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-16-25

Good Afternoon Dinar Recaps,

China & Brazil to Announce ‘Bold BRICS Masterplan’ for the Global South
Source: 

Strategic Push to Counter U.S. Trade Dominance
China and Brazil are reportedly preparing a major BRICS initiative aimed at empowering the Global South to reduce its dependence on the U.S. dollar and resist U.S. trade and tariff pressures.

The plan seeks to strengthen ties among emerging economies, enabling them to act collectively despite political or economic differences.

• It is positioned as a direct response to Washington’s ongoing trade conflicts and tariff threats, which have driven developing nations to pursue more independent economic agendas.

BRICS’ Economic Ambition: Toward a Multicurrency World
The upcoming masterplan, expected to be announced alongside a joint statement opposing U.S. trade policies, envisions a shift away from dollar dominance toward a multicurrency trading framework.

• The U.S. dollar is viewed by BRICS members as a constraint on their economic growth.

• China is expected to promote the yuan as a viable alternative, advancing Beijing’s broader goal of internationalizing its currency for global trade use.

Geopolitical Context and U.S. Tensions
Former President Donald Trump’s threats of tariffs against BRICS have been met with relative silence from Washington in recent days.

• China and Brazil, however, continue to move forward with the masterplan’s details behind closed doors.

• The initiative aims to capitalize on anti-U.S. sentiment in the developing world, positioning BRICS as a counterweight to U.S.-led financial systems.

India’s Changing Stance
Even India—once at odds with China following the deadly 2020 border clash—is signaling interest in mending ties.

• According to Bloomberg, Prime Minister Narendra Modi is reviving dialogue with Beijing to negotiate new trade deals and improve relations.

• This thaw in relations could enable India to play a more active role in the Global South-focused BRICS strategy.

Outlook
If successful, the China-Brazil-led BRICS masterplan could reshape trade and currency flows for developing nations, accelerating the bloc’s push toward a post-dollar global economy and redefining its influence across the Global South.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

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Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Saturday 8-16-2025

TNT:

Tishwash:  Trump's developments with Baghdad: A "rapid" withdrawal from Iraq before an imminent Israeli strike on Iran

After the US troop withdrawal from Iraq was scheduled to be suspended after the October 11 elections, Iraqi executive and parliamentary sources told Al-Araby Al-Jadeed that a decision was made in Washington to “accelerate” the withdrawal of hundreds of troops from the large Ain al-Assad base in Anbar.

This comes against the backdrop of escalating controversy between the Donald Trump administration and the Iraqi government over the Popular Mobilization Forces (PMF) law, which is no longer a secret. This is in addition to the successive explosion of numerous files, from the dollar to the smuggling of Iranian oil in Basra, as well as security agreements that Baghdad has recently been confused about.

The sources expressed their fear that this is related to expectations that are becoming more serious by the day, regarding “the resumption of war between Iran and Israel,” after experts stated that Iraq survived the previous war thanks to a heavy US presence in major Iraqi bases.

Al-Araby Al-Jadeed learned from Iraqi political and governmental sources that the US administration has notified the government of Prime Minister Mohammed Shia al-Sudani of the imminent withdrawal of hundreds of US soldiers and military personnel from the Ain al-Assad base in Anbar province, western Iraq.

The withdrawal is related to the Iraqi-US agreement, which stipulates the gradual withdrawal of US forces operating under the cover of the international coalition fighting ISIS since 2014. However, other sources spoke of US “displeasure” with the Iraqi government’s failure to adhere to understandings and agreements with the US administration.

According to the sources, "a senior advisor to the Iraqi government recently visited Washington and met with American officials, who informed him that the Iraqi government had not fulfilled its commitments to restrict the factions' weapons."

The sources pointed out that "the decision to withdraw a portion of US forces comes in contravention of the previously agreed-upon timetable between Baghdad and Washington for a gradual withdrawal, which was supposed to take place after the parliamentary elections scheduled for next November, meaning it is an emotional response from the US administration," expecting the withdrawal from Ain al-Assad base to begin next month.

Ain al-Asad Air Base is located 200 kilometers west of Baghdad, near the Euphrates River in the town of al-Baghdadi, west of Anbar Governorate, and is the largest US base in Iraq.

Ain al-Asad Air Base currently houses hundreds of American soldiers and military personnel. Along with American forces, the base is shared with the Iraqi Army's 7th Division, part of the Badia and Al-Jazeera Operations Command, which is responsible for Iraq's borders with Jordan and Syria, and parts of the border with Saudi Arabia.

In this context, a member of the Iraqi parliament told Al-Araby Al-Jadeed, “The United States is not satisfied with the performance of the Iraqi prime minister, and is exerting real pressure from all sides. Therefore, there must be real support for this government and prevent the continuation of American interference.” He added to Al-Araby Al-Jadeed, “The decision to withdraw American forces is expected, and may come within the framework of the security threat that may precede any expected Israeli operations in the coming period.

We do not currently know whether the forces will withdraw towards the Harir or Al-Tanf bases, or perhaps to bases in the Gulf, but these hints are merely tools to pressure the current government.”

However, security expert Ahmed Al-Sharifi pointed out, in an interview with Al-Araby Al-Jadeed, that “the American and foreign forces present at the Ain al-Assad base are considered mobile forces, meaning they are not fixed and are constantly moving between three bases: Al-Tanf and Al-Omar in Syria, and Ain al-Assad in Iraq. Each of these bases is linked to the others, which means that the possibility of the withdrawal of American forces from the Ain al-Assad base may be linked to the movement or perhaps the final withdrawal.”

Baghdad and Washington had agreed, at the end of September last year, to an official date for the end of the international coalition's mission against ISIS in the country, no later than the end of September 2025. This date was reached after months of dialogue between the two sides.

This came in the wake of escalating demands from armed factions and Iraqi forces allied with Iran to end its presence, particularly after the US strikes at the time on the headquarters of those factions in response to their attacks on coalition bases inside and outside the country, against the backdrop of the Gaza war.  link 

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Tishwash:  Rafidain Bank Signs Professional Partnership Agreement with K2 Integrity in Washington

In a new strategic step reflecting Iraq’s growing financial presence on the international stage, the Embassy of the Republic of Iraq in Washington hosted the signing ceremony of a professional partnership agreement between Rafidain Bank and K2 Integrity, a U.S.-based global leader in financial and regulatory consulting. The agreement is based on Iraqi Cabinet Resolution No. (23274) of 2023.

Under the agreement, K2 Integrity will provide a comprehensive package of services, including anti-money laundering and counter-terrorist financing measures, the implementation of compliance systems in line with international standards, and the enhancement of regulatory infrastructure for Iraqi banks.

This cooperation falls within the Iraqi government’s strategy to build a strong and transparent financial sector capable of keeping pace with global economic transformations, reinforcing Iraq’s position as a promising financial hub in the region.

The Embassy of the Republic of Iraq in Washington emphasized that this partnership reflects the strength and continued growth of Iraq–U.S. relations, particularly in the areas of economic diplomacy and strategic partnerships that support sustainable development.

The Embassy reaffirmed its commitment to further deepening these ties, advancing mutual interests, and expanding investment opportunities between the two countries. link

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Tishwash:  Hantoush: Dismantling the parallel market is key to the dollar's return to 135,000.

Financial researcher Mustafa Akram Hantoush emphasized that addressing the exchange rate issue in Iraq requires working on two main aspects: reforming the banking system and dismantling the parallel market. He noted that any partial solutions will not be sufficient to achieve the desired stability.

In an interview with Jarida Platform, Hantoush explained that “the Iraqi banking system suffers from weak competition due to the limited sale of dollars to a limited number of banks, in addition to the fact that most of them face international sanctions.” He indicated that “the current cooperation with Oliver Wyman aims to find practical solutions and increase the banks’ capital.”

He pointed out that "reducing restrictions on the banking system and opening up competition in foreign remittances will contribute to market stability," noting that "the other side of the solution is dismantling the parallel market linked to trade with Iran, where small traders and travelers to sanctioned countries operate."

Hantoush explained that "possible solutions include agreeing with the US Treasury Department on mechanisms for transferring funds, establishing three-way accounts for imported goods, and developing legal formulas for transferring funds to sanctioned countries via payment cards in their local currencies."

 He concluded by saying, "Controlling the parallel market could restore the dollar exchange rate to 135,000 dinars per $100, if these steps are implemented comprehensively."  link

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

Mot: Sum Times they Just Get - carried away!!!! 

Mot:  . Proud I Am!!!!  

Iraq Economic News and Points To Ponder Saturday Morning 8-16-25

An Economic Expert Proposes Amending The Criteria For Iraqi Banking Reform.
 
Energy and Business     Central Bank of Iraq     banking reform  2025-08-14
Twilight News – Baghdad  He called Economist Ahmed Abdel Rabbo called on Thursday for amending the banking reform criteria. Announced by the Central Bank of Iraq, by adding a paragraph allowing some banks to operate Internally,under the supervision of the Central Bank, while the rest of the banks apply international standards in If she wants to work internationally. 

Abdul Rabbo told Shafaq News Agency, "The Governor of the Central Bank, Ali Al-Alaq, revealed a comprehensive plan for banking reform, and he is counting on the media's important role in clarifying this issue in a  transparent and   accurate manner."

He explained that "among the proposals proposed by specialists to the Governor of the Central Bank is allowing  some banks to operate internally under the direct supervision of the bank, while the remaining banks apply international standards with partners such as Oliver Wyman."

And between  "There is importance in opening an expanded dialogue between the Central Bank and Iraqi banks to clarify... The technical aspects of the document, and discussing the mechanisms for implementing reform in a gradual manner, taking into account Taking into account the specificity of the Iraqi economic reality, there is also the need to commit to reform. In principle, with the 
formulation of  standards and  procedures in a manner that enhances confidence in the banking sector. 

And contributes to its development. He pointed out Abdul Rabbo, to  "the importance of adopting a participatory and consultative approach between the Central Bank and banks,

By forming joint technical committees to review reform requirements and ensure their compatibility with reality. National financial and economic, while maintaining a balance between reform requirements and banks' capabilities. Iraqi, and  ensures the protection of the interests of local and international investors And workers in the sector.

It is indicated  The Governor of the Central Bank of Iraq, Ali Al-Alaq, held a meeting the day before yesterday. Tuesday, with the global company "Oliver Wyman", to discuss the details of the plan The banking reform presented by the Iraqi Private Banks Association,  as part of the efforts   Aiming to develop the banking sector and   align it with international standards.      
https://shafaq.com/ar/اقتصـاد/خبير-اقتصادي-يقترح-تعديلا-في-معايير-ال-صلاح-المصرفي-العراقي   

10 Iraqi Banks Are Under Liquidation, And The Central Bank Remains Silent.
 
August 14, 2025 Last updated: August 14, 2025  Al-Mustaqilla/- The Governor of the Central Bank of Iraq recently revealed that  10 Iraqi banks are facing liquidation due to their inability to fully provide services to customers.
 
In addition, some banks are facing sanctions that prevent them from dealing in US dollars.
 
Despite the governor's announcement, the Central Bank has yet to publish an official list of these banks on its website, raising questions about why this information has not been disclosed to customers and relevant authorities.  

An informed source confirmed that the number of banks subject to liquidation may increase in the coming days, given the ongoing financial pressures and operational difficulties facing some banking institutions.
 
This development comes at a time when the Central Bank is seeking to enhance financial stability and protect customer funds, but it faces significant challenges in enforcing transparency and accountability for struggling banks.
 
Analysts suggest that not announcing the names of the banks may be aimed at  avoiding customer panic or  speculation on deposits,  but it also raises     investor concerns and raises   questions about the effectiveness of banking oversight in Iraq.
 
As these developments continue,  citizens and customers await a detailed official statement from the Central Bank  revealing the names of the affected banks and the  measures taken to guarantee depositors' rights.      https://mustaqila.com/10-مصارف-عراقية-تحت-التصفية-والبنك-المر/ 

Rafidain Bank Signs An Agreement With An American Company In The Field Of Financial Consulting And Oversight.
 
Baghdad Today – Baghdad   Rafidain Bank announced, on Friday (August 15, 2025), the signing of a professional partnership agreement with the American company "K2 Integrity" in the field of financial consulting and oversight. 

Rafidain Bank said in a statement received by Baghdad Today, "In a new strategic step that reflects Iraq's growing financial standing on the international stage, the headquarters of the Embassy of the Republic of Iraq in Washington witnessed the signing of a professional partnership agreement between  Rafidain Bank and the  American company K2 Integrity, a global leader in the field of financial and regulatory consulting." 

He added that "the agreement includes providing a comprehensive package of services, including
     combating money laundering and terrorist financing,
     implementing compliance systems in line with international standards, and
     strengthening the regulatory infrastructure of Iraqi banks."

 He noted that "this cooperation is part of the Iraqi government's strategy   to build a strong and transparent financial sector capable of keeping pace with global economic transformations and   consolidating Iraq's position as a promising financial center in the region."
 
According to the statement, Rafidain Bank's General Manager and Chairman of the Board of Directors, Ali Karim Hussein Zahir Al-Fatlawi, emphasized that
 
"this partnership represents a qualitative leap forward in the path of banking reform," noting that 
"the agreement will contribute to
     strengthening confidence in Iraqi banks and
     opening up broader horizons for cooperation with correspondent banks around the world,
     supporting the government's goals of
     building a strong, transparent financial sector that is
          consistent with international best practices."

The statement noted that  "this signing is an extension of the government's approach to launching strategic projects that  strengthen Iraq's position as a promising financial center in the region and
    consolidate its image as a country capable of keeping pace with global economic transformations with confidence and competence."
 
In a related development, US Representative Joe Wilson accused the state-owned Rafidain Bank on Friday of conducting financial transactions with the Houthi group in Yemen, threatening to cut off US financial support to Iraq as a result.  

Wilson wrote in a post on his X account that "the Iraqi state-owned Rafidain Bank is conducting financial transactions for the Houthis, a terrorist organization," adding, "We have a name for these countries: state sponsors of terrorism." He continued,
 
"I will work to cut off funding to Iraq during the next appropriations legislation" in the US budget. Wilson also urged the US Treasury to "punish" Rafidain Bank.    https://baghdadtoday.news/280964-.html  

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 8-16-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins Unveils Plan to Make U.S. a Global Crypto Leader During ‘Project Crypto’ Speech

SEC Commissioner Paul Atkins has outlined an ambitious new initiative — Project Crypto — aimed at positioning the United States as the global hub for cryptocurrency innovation. His remarks focused on building a clear regulatory framework for digital assets, safeguarding investors, and integrating blockchain technology into existing financial systems.

SEC Mobilizing to Update Crypto Rules

Atkins confirmed that the U.S. Securities and Exchange Commission (SEC) is actively reviewing rules related to the custody and handling of digital assets. This includes guidance for broker-dealers, asset managers, and investment advisers to conduct cryptocurrency transactions safely and legally.

“It [Project Crypto] is to modernize rules and regulations, enabling America’s financial markets to move on chain and make America the crypto capital of the world. The SEC will not stand by and watch innovations develop overseas — it’s going to happen here,” Atkins told Fox Business.

He cited the President’s Working Group on Digital Assets report, which offers recommendations to align U.S. markets with President Donald Trump’s vision for digital finance. The SEC is consolidating its departments to implement these strategies, with a particular focus on modernizing rules that are nearly 90 years old.

Atkins emphasized secure digital asset custody, noting that crypto should not be stored on unsecured devices like flash drives, and called for clear, stable regulations to boost industry confidence.

GENIUS Act as the Regulatory Backbone

Atkins stated that the SEC’s updated crypto rules will be built around existing laws passed by Congress, including the GENIUS Act, a legislative cornerstone for financial modernization.

He also referenced:

• A North Dakota court ruling striking down the Durbin debit interchange rule — potentially opening the door for more crypto-based payment systems.

• A recent executive order allowing 401(k) retirement plans to invest in alternative assets, including crypto and private equity.

Atkins warned that the number of public companies in the U.S. has dropped by half over the past three decades, underscoring the need for diversification in investment strategies.

A Shift in SEC’s Approach

These remarks signal a major shift in the SEC’s stance toward digital assets — from caution to proactive innovation support. Project Crypto represents a coordinated effort to protect investors while ensuring that the U.S. remains competitive in the global blockchain economy.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

US Federal Reserve to End Oversight Program for Banks’ Crypto Activities

Federal Reserve to Sunset “Novel Activities Supervision Program”
The U.S. Federal Reserve announced it will end a program specifically designed to monitor banks’ activities in the digital assets sector, instead folding such oversight into its standard supervisory process.

The “novel activities supervision program”, created in August 2023, was established to oversee activities involving crypto assets and distributed ledger technology (DLT). It focused on banks providing deposits, payments, and lending to crypto-related firms and fintechs, with an emphasis on risk management and safety.

In a formal notice, the Fed said:

“Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices. As a result, the Board is integrating that knowledge and the supervision of those activities back into the standard supervisory process and is rescinding its 2023 supervisory letter creating the program.”

Political Context and Leadership Shifts
The move comes amid heightened political attention on the Fed. U.S. President Donald Trump has repeatedly challenged the central bank’s independence, particularly regarding interest rate policy, and has openly criticized Chair Jerome Powell, whom he appointed in 2017.

• Powell’s term as chair runs until May 2026, though his term as a Fed governor continues until January 2028.

• Adriana Kugler, a Fed governor and member of the Federal Open Market Committee, resigned on Aug. 8.

• Trump has nominated Stephen Miran, Chair of the Council of Economic Advisors, to fill Kugler’s seat until January 2026, when a permanent replacement is expected to be appointed.

Key Takeaway
The Fed’s decision signals a shift from targeted crypto oversight toward incorporating such monitoring into routine banking supervision—a potential sign of growing institutional familiarity with digital asset activities in the traditional financial system.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

Stablecoin Concerns: U.S. Banking Associations Push for Legislative Fixes

Banking Industry Flags Loopholes in New Stablecoin Legislation
In a letter to the Senate Banking Committee, banking associations representing all 50 states urged lawmakers to amend the recently proposed stablecoin legislation, warning of loopholes that could undermine the integrity of the U.S. financial system.

The associations stressed the need for a clear and robust regulatory framework for the digital asset market, noting that current legislative choices will shape the efficiency, fairness, and stability of the financial system for years to come.

Key Recommendation: Strengthen Interest Payment Prohibitions
While the legislation prohibits stablecoin issuers from offering yield, the banking groups argue that this rule can be “easily circumvented” if exchanges or affiliates provide rewards to stablecoin holders.

• Such incentives, they warned, could distort market dynamics and reduce bank deposits, impairing credit creation.

• The letter calls on Congress to extend the interest payment ban to digital asset exchanges, brokers, dealers, and related entities to protect the traditional banking system’s role in credit intermediation.

Concerns Over State Authority and Oversight
The associations also targeted Section 16(d) of the GENIUS Act, which allows uninsured, out-of-state-chartered institutions (e.g., Special Purpose Depository Institutions) to operate without host state approval.

• They argue this undermines the dual banking system and state oversight, both of which are critical for safety, soundness, and consumer protection.

• The letter urges Congress to repeal Section 16(d) to preserve state licensing authority and ensure fair competition.

Protecting the Separation of Banking and Commerce
Another highlighted risk is the potential for nonfinancial companies to act as payment stablecoin issuers.

• Historically, the separation of banking and commerce has prevented conflicts of interest and excessive concentration of economic power.

• While the GENIUS Act prohibits stablecoin issuance by nonfinancial public companies, it contains exception pathways that the banking groups say could invite regulatory arbitrage and complicate oversight.

Bottom Line
The banking associations are urging Congress to close these loopholes to safeguard the traditional financial system while enabling the responsible development of digital payment technologies.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

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MilitiaMan and Crew: Iraq Dinar News Update-Mechanism-KRG Oil-CBI & IFC-Reforms

MilitiaMan and Crew:  Iraq Dinar News Update-Mechanism-KRG Oil-CBI & IFC-Reforms

8-15-2025

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

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

https://www.youtube.com/watch?v=VIeXQK4D-pI

Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-15-25

Good Afternoon  Dinar Recaps,

BRICS Expansion in 2026: African Representation, De-Dollarization, and Global Power Shifts

The BRICS alliance is experiencing an unprecedented wave of growth, with 32 nations actively seeking membership. The BRICS Expansion 2026 initiative has accelerated momentum—especially from African nations—seeking greater representation and influence in global economic governance.

From 5 to 11 Members: A Rapid Growth Trajectory

• BRICS now counts 11 full members, with recent additions including Egypt, Ethiopia, Iran, UAE, Indonesia, and Saudi Arabia (formally joining in July 2025).

• This expansion marks a significant step toward challenging Western-dominated institutions and promoting multipolar economic frameworks.

• South African Minister Ronald Lamola has been a driving force for African representation, lobbying for Nigeria and Angola as potential new members.

African Nations & the Push for Economic Sovereignty

• BRICS membership offers infrastructure financing and reduced dependency on the U.S. dollar.

• Egypt’s 2023 entry stands as a model, showcasing how BRICS membership can transform economic capabilities through local currency settlements and development funding.

• Lamola emphasized unity, stating:
  “We can only grow and expand as friends when we work together for the development of our mutual sister nations.”

De-Dollarization as a Strategic Priority

• The New Development Bank (NDB) is central to BRICS’ de-dollarization strategy, with 30% of financing in local currencies to limit dollar exposure.

• Since 2016, the NDB has funded 96 projects worth $32 billion, positioning it as one of the largest alternative financing institutions outside Western control.

• This shift aligns with the bloc’s goal of building a resilient, multipolar financial system.

Future Expansion & Geopolitical Tensions

• 23 nations have submitted official applications, with Bahrain, Malaysia, Turkey, and Vietnam among top candidates.

• Energy-rich countries are drawn to BRICS for oil cooperation and alternative financial structures.

• Internal dynamics could slow expansion:

• China & Russia advocate for rapid enlargement.

• Brazil & India push for a more cautious, criteria-based selection process.

Global Backlash & Shifting Power

• UN Secretary-General António Guterres criticized the Bretton Woods system, noting:
  “This system was created by rich countries to benefit rich countries. Practically no African country was sitting at the table of the Bretton Woods Agreement.”

• President Trump’s tariff threats underscore Western concerns over BRICS’ growing influence.

• Despite opposition, the bloc’s expansion and de-dollarization strategy continues to challenge U.S. dollar dominance in global trade.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Late Thursday Evening 8-14-25

Gold Continues To Gain As Expectations Of Interest Rate Cuts Grow And The Dollar Declines.

Time: 2025/08/14 09:45:00 Reading: 360 Times  {Economic: Al Furat News} Gold prices continued their rise for the third consecutive session on Thursday, supported by growing expectations that the US Federal Reserve will cut interest rates in September following weak inflation data, which pressured the dollar.

Spot gold rose 0.2% to $3,359.81 per ounce by 04:10 GMT. US gold futures for December delivery rose 0.3% to $3,408.50.

The dollar held near multi-week lows against major currencies, making gold cheaper for holders of other currencies, while U.S. Treasury yields remained near their lowest levels in a week.

Among other precious metals, silver rose 0.1% to $38.56 an ounce, platinum fell 0.2% to $1,337.12, and palladium rose 1.5% to $1,139.32.  LINK

The Dollar Price Fell In Local Markets Today With The Closing Of The Stock Exchange

Thursday, August 14, 2025, | Economic Number of readings: 120  Baghdad/ NINA / The dollar prices decreased in Baghdad markets today, with the closing of the stock exchange.

The dollar prices witnessed a slight decrease with the closing of Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 140,450 dinars for $100, while this morning it recorded 140,500 dinars for $100.

Selling prices in exchange shops in local markets in Baghdad also witnessed stability, as the selling price reached 141,500 dinars for $100, while the purchase price reached 139,500 dinars for $100.

In Erbil, the dollar recorded stability, as the selling price reached 140,450 dinars for every $100, and the purchase price reached 140,350 dinars for $100. https://ninanews.com/Website/News/Details?key=1246368

A UN Report Shows Iraq's Progress In Sustainable Development

Local | 08/14/2025   Mawazine News - Baghdad:  The United Nations Country Team in Iraq has released its 2024 Annual Results Report, highlighting the transformative achievements Iraq has made in partnership with the United Nations, accelerating its progress towards achieving the Sustainable Development Goals and national priorities.

This report, prepared in close collaboration with the Government of Iraq, marks the end of the United Nations Sustainable Development Cooperation Framework for 2020-2024.

The report documents the combined impact of the partnerships of 23 UN agencies with national institutions, civil society, the private sector, and international partners.

According to the report, the United Nations and the Government of Iraq have achieved tangible progress in several areas, most notably: social cohesion, where community peacebuilding was strengthened, women and youth were empowered as peacebuilders, and assistance was provided for the safe and dignified return of displaced persons.

Initiatives also contributed to protecting the rights of minorities and supporting the most vulnerable groups. 2024 saw the first national census in over 30 years, supported by the United Nations.

The report added, "There is also economic growth through a focus on policy development, strengthening the education and vocational training sector, and encouraging entrepreneurship.

This cooperation has contributed to creating a more resilient and inclusive economy, particularly by supporting micro, small, and medium enterprises and providing financial and technical assistance to women and the most vulnerable groups.

It continued, "Also in the field of public services, the United Nations provided assistance with legislative reforms, strengthening institutional capacities, and digital governance strategies.

 Achievements included the digitization of the Water Safety Plan and the "Back to Learning" campaign, in addition to supporting customs automation through the Automated System for Customs Data (ASYCUDA), which contributed to enhancing trade. In the field of environment and climate change, a national environmental strategy was developed and biodiversity targets were adopted.

The United Nations Climate Change Conference (COP29) represented an opportunity for Iraq to showcase its efforts towards a green transformation, as an Iraqi youth delegation participated to present innovative ideas and solutions."  https://www.mawazin.net/Details.aspx?jimare=265093

Iraq Ranked 86th Globally And 10th In The Arab World In E-Commerce In 2025

Money and Business   Economy News – Baghdad   Iraq ranked 86th globally and 10th in the Arab world in online shopping by 2025, according to a report published by the American magazine "CEOWORLD."

The report stated that "the ranking was based on several factors, including the time individuals spend online each week, the percentage of online shoppers each month, and the average income spent through online platforms."

He added, "The number of online shoppers worldwide currently stands at 2.64 billion, representing more than 33% of the world's population, while total e-retail sales have reached approximately $6.31 trillion."

According to the report, "The United States topped the list, accounting for 57.54% of total online retail sales, followed by China in second place, Japan in third place, India in fourth place, Hong Kong in fifth place, and Singapore in sixth place."

Iraq ranked 86th globally and 10th in the Arab world, with a spending rate of 30.41% of total online retail sales.

In the Arab world, the UAE topped the list, ranking 13th globally, followed by Saudi Arabia, which came in second place, ranking 26th globally, followed by Qatar, which came in third place, Kuwait, which came in fourth place, Bahrain, which came in fifth place, Morocco, which came in sixth place, the Sultanate of Oman, which came in seventh place, Lebanon, which came in eighth place, Jordan, which came in ninth place, Iraq, which came in tenth place, followed by Yemen, which came in eleventh place, Tunisia, which came in thirteenth place, Algeria, which came in fourteenth place, and Egypt, which came in fifteenth place.    https://economy-news.net/content.php?id=58784

A Slight Decrease In Basra Crude Prices

Thursday, August 14, 2025, | Economic  Number of reads: 257   Baghdad / NINA / Basra Heavy and Medium crude oil prices fell on Thursday by more than one dollar.

Basra Heavy crude prices fell 92 cents, or 1.40%, to reach $64.65, while Medium crude prices fell 92 cents, or 1.34%, to reach $67.90.

Oil prices rose slightly today, regaining strength after a wave of selling in the previous session, with risk premiums rising in the market due to the upcoming meeting between US President Donald Trump and his Russian counterpart Vladimir Putin.  Brent crude reached $65.91, while US crude reached $62.89. / End   https://ninanews.com/Website/News/Details?key=1246311

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