“Tidbits From TNT” Saturday Morning 8-30-2025

TNT:

Tishwash:  Iraqi Embassy in Washington: Iraq is not affiliated with any country.

The Iraqi Embassy in Washington affirmed that Iraq enjoys full sovereignty and has the right to conclude agreements and memoranda of understanding in accordance with the provisions of its constitution and national laws, and in a manner consistent with its supreme interests.

The embassy explained, in a statement issued in response to the remarks of the US State Department spokesperson, that Baghdad maintains friendly and cooperative relations with many countries around the world, including the United States and neighboring countries, and is keen to build these relations on the basis of mutual respect and shared interests.

She stressed that Iraq "is not subservient to the policies of any country," and that its decisions stem from its independent national will.

In this context, the embassy noted that the security agreement recently signed with Iran is part of bilateral cooperation to maintain security and control the shared border, contributing to the stability of both countries and the security of the region.  link

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Tishwash:  The Central Bank of Iraq: Infrastructure, legislation, and community awareness to promote electronic payments.

Central Bank Governor Ali Al-Alaq announced on Saturday the issuance of instructions and regulations to regulate electronic payments across three aspects.

While revealing a mechanism for developing the electronic payment process, he also affirmed that all state institutions are required to use electronic payments, not cash.

Al-Alaq said in a statement to the official agency, followed by ( IQ ): “Electronic payment is witnessing significant development, and it is a gateway to the digital transformation towards a digital economy for a larger issue related to the economic structure and global interaction, to achieve greater financial inclusion, and all of these aspects have become fixed and advanced strategies.”

He pointed out that "the Central Bank, along with the government, the private sector, electronic payment companies, and technology companies, are all engaged in this massive and ongoing effort. We have regulatory and legislative technical initiatives and directions being worked on in coordination between the Central Bank of Iraq and the Iraqi government."

He added, "There is cooperation and coordination with the government through the decision issued by the Council of Ministers requiring all state institutions to use electronic payments instead of cash.

There is also the localization of salaries, which amounts to millions, in addition to public awareness being conducted through electronic payment companies and civil society organizations. There is growing community awareness."

He explained that "progress in electronic payments requires infrastructure, a legislative framework, and community awareness. These are three aspects that are being worked on diligently.

 Much of the infrastructure at the Central Bank level has been completed in an advanced manner, fully in line with international practices and legislative frameworks. We have issued numerous instructions and regulations that regulate the process, but we need more in the third aspect, which is community and cultural awareness."  link

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Tishwash:  Oil Minister: Signing a contract with the American company Schlumberger to increase production from the Akkas field to 100 million cubic feet per day.

Today, Thursday (August 28, 2025), Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdul-Ghani Al-Sawad, chaired the eighth session of the Opinion Board at the Ministry’s headquarters, with the participation of undersecretaries, advisors, and general managers.

During the meeting, the Minister said that the Ministry has achieved self-sufficiency in gas oil and kerosene, and is continuing work on completing the FCC projects in Basra and improving naphtha in Kirkuk, with the aim of achieving self-sufficiency in gasoline during the current year.

He pointed to the opening of the grease refinery at the Northern Refineries Company, which will meet approximately 70% of the country's needs, directing refinery companies to develop these projects to achieve full self-sufficiency.

Abdulghani also announced the signing of a contract with Schlumberger to increase production rates in the Akkas field to 100 million standard cubic feet per day, in addition to signing an agreement in principle with the American company Chevron to develop four exploration blocks in the Dhi Qar oil field and the Balad oil field.

The session discussed a number of topics on the agenda, and made decisions and recommendations aimed at developing the oil sector and enhancing cooperation with specialized international companies  link

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Mot:  Not Funny!!! ~~~ LOL 

Mot:  . an ole ""Motisum"" fur da Weekend!!!!  

Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-29-25

Good Afternoon Dinar Recaps,

50+ Countries Want to Join BRICS: US Global Power Faces Collapse

The defining geopolitical question of 2025 is no longer if but how many nations want to join BRICS. At the time of writing, more than 50 countries have signaled interest, with 23 submitting formal applications and another 28 expressing informal interest. The latest to step forward is Vietnam, underscoring how BRICS expansion has become a global phenomenon reshaping power dynamics.

🔹 Current BRICS Membership

BRICS has grown from its original five members to 11 full members. The most recent additions include:

• Indonesia (January 2025)

• Saudi Arabia (July 2025)

• Egypt, Ethiopia, Iran, and the UAE (earlier expansions)

With these inclusions, BRICS now represents nearly half the world’s population and over 41% of global GDP. Beyond members, the alliance has also established partnerships with Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan.

This network shows that BRICS is building more than a trade bloc—it is constructing a parallel system of alliances and institutions outside Western dominance.

🔹 Europe’s Bold Moves Toward BRICS

Despite Western pressure, several European nations are eyeing membership:

• Belarus – the most vocal candidate, citing sanctions relief.

• Serbia – the first European nation to express interest.

• Turkey – a NATO member now openly pursuing BRICS ties.

This demonstrates that BRICS is not merely an alliance of the “Global South” but one that is starting to fracture Europe’s unity under Western influence.

🔹 Asia and Africa Lead Expansion

The strongest wave of new interest comes from Asia and Africa, with countries such as:
Azerbaijan, Bahrain, Bangladesh, Burkina Faso, Cambodia, Chad, Colombia, Congo, Equatorial Guinea, Honduras, Laos, Kuwait, Morocco, Myanmar, Nicaragua, Pakistan, Palestine, Senegal, South Sudan, Sri Lanka, Syria, Venezuela, Zimbabwe, and more.

Vietnam’s entry highlights a sovereignty-driven shift, as many nations seek alternatives to dollar-based trade systems.

🔹 The July 2025 Rio Summit

At the Rio Summit, leaders debated the pace of expansion.

• China, Russia, and Iran push for rapid enlargement.

• Brazil and India prefer a slower, consensus-based approach.

Brazil’s President Lula da Silva captured the moment:

“We are witnessing an unprecedented collapse of multilateralism.”

Meanwhile, U.S. President Donald Trump dismissed the developments, declaring:

“BRICS is dead.”

Yet the facts suggest the opposite: BRICS is growing rapidly.

🔹 Key Takeaway

The BRICS expansion wave signals nothing short of a global realignment of power. With over 50 nations vying for entry, BRICS is becoming the counterweight to U.S. hegemony.

Trump’s tariff threats may slow trade, but they cannot stop the structural transformation already underway. The more countries that join BRICS, the stronger the momentum for de-dollarization and multipolar finance—a fundamental shift the U.S. cannot easily reverse.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Iraq Economic News and Points To Ponder Friday Morning 8-29-25

Economic Institution: Central Bank Reforms Boost Investor Confidence and Open the Way to Global Markets
 
Baghdad – INA  Khaled Al-Jaberi, Chairman of the Osool Foundation for Economic and Sustainable Development,     affirmed on Tuesday that the   reforms led by the Central Bank   are fundamental and   have contributed to transforming the banking sector  from a restricted reality    to one open to the world.

He explained that these steps will    open up broad horizons for Iraqi banks and    positively impact the overall economic and investment activity in the country.
 
Al-Jaberi told the Iraqi News Agency (INA):
 
"The current reforms have transformed the banking sector     from being restricted and    deprived of dealing in dollars  to a sector capable of opening correspondent banks and   restoring its international relations,  which will directly reflect on  improving banking services and  stimulating economic activity in Iraqi markets." 

He added, "Iraqi banks welcomed these reforms because they are an indispensable necessity.
 
The banking sector is suffering from numerous problems, and    a comprehensive reform is needed to ensure the ability to   conduct international transactions and   ensure the freedom to trade in dollars." 

He explained that "the investment environment in Iraq    has become attractive thanks to the
 security stability, and   this has prompted investors to enter the Iraqi market."

He explained that "investors are always looking for two basic answers: the  status of the   banking sector and the   country's tax system. If reassurance is achieved in these two aspects,   investments begin to flow."
 
Al-Jaberi pointed out that "banking reforms will lead to broader relationships with correspondent banks,
    putting Iraq on the path to opening up to the global market and
    facilitating the transfer of funds in line with international standards." 

 He continued, "Financial technology and  digital transformation    are a fundamental pillar of these reforms, as   they are not limited to banking policies alone,   but rather encompass all aspects of banking operations.
 
This positively impacts all economic sectors, such as    agriculture,    industry, and    tourism,    nd contributes to facilitating the movement of funds and trade both   domestically and   internationally."
 
Earlier, Central Bank Governor Ali Al-Alaq confirmed that the banking reform plan would    boost international confidence and    restore relations with correspondent banks.  https://ina.iq/ar/economie/241869-.html   

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

Seeds of Wisdom RV and Economic Updates Friday Morning 8-29-25

Good Morning Dinar Recaps,

US Regulator Opens Pathway for Americans to Trade on Offshore Crypto Exchanges

The Commodity Futures Trading Commission (CFTC) has cleared a new path for U.S. investors to legally access offshore crypto platforms under its Foreign Board of Trade (FBOT) framework.

This marks a significant development in the regulator’s ongoing “crypto sprint” initiative, which was launched to overhaul outdated regulations in response to proposals from the Trump administration.

🔹 CFTC’s Announcement

Acting CFTC Director Caroline Pham confirmed that U.S. clients can once again tap into offshore trading opportunities through the long-standing FBOT registry.

“Starting now, the CFTC welcomes back Americans who want to trade efficiently and safely under CFTC regulations, and opens up U.S. markets to the rest of the world. It’s just another example of how the CFTC will continue to deliver wins for President Trump as part of our crypto sprint.” – Caroline Pham

The FBOT framework, in place since the 1990s, allows registered offshore exchanges to provide U.S. access across asset classes, now extended explicitly to crypto.

🔹 Impact on U.S. Crypto Markets

• Liquidity Boost: Offshore access is expected to increase market depth and reduce regional silos.

• Binance Case Study: The world’s largest exchange, Binance, remains off-limits to most U.S. users except through its limited affiliate, Binance.US. The CFTC’s move could pave the way for broader participation.

• Investor Choice: U.S. traders, often restricted to “walled garden” platforms, may soon benefit from a more competitive and global marketplace.

🔹 Trump’s Crypto Sprint in Action

The announcement follows President Trump’s repeated calls to bring crypto companies back to U.S. soil and secure American leadership in digital assets.

Between 2021 and 2024, unclear rules drove many crypto firms offshore, with the majority of trading volume moving outside U.S. borders. The CFTC’s reforms aim to reverse this trend, positioning the U.S. as a friendlier jurisdiction for digital finance.

🔹 Industry Perspective

Edwin Mata, attorney and CEO of tokenization platform Brickken, stressed that ambiguity in past regulations had created unnecessary legal risk for crypto firms:

• Clearer rules will lower compliance burdens.

• Companies can operate in the U.S. without fear of “regulation by enforcement.”

• More projects will stay onshore, fueling U.S. innovation.

🔹 Next Steps

The CFTC is now accepting public feedback on its crypto framework. Its goal:

• Protect investors and markets,

• Avoid creating barriers that push innovation offshore.

This marks one of the most significant shifts in U.S. crypto oversight since 2021, potentially reshaping where and how Americans trade digital assets.

@ Newshounds News™
Source:  Cointelegraph

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Mastercard Launches First Stablecoin Transactions in Africa and the Middle East

The world of crypto payments is steadily moving from experimentation to real-world adoption. This week’s development comes from Mastercard and Circle, who have joined forces to bring stablecoin settlements into mainstream banking flows across Africa, the Middle East, and Eastern Europe.

🔹 A Bold Expansion: USDC & EURC in Banking Flows

• Mastercard now enables settlements in USDC and EURC for acquirers in the EEMEA region (Eastern Europe, Middle East, Africa).

• Circle has integrated USDC into Finastra’s Global PAYplus platform, opening access to 50 countries and $5 trillion in potential flows.

• Early adopters include Arab Financial Services (Bahrain) and Eazy Financial Services (Saudi Arabia).

For Kash Razzaghi, Circle’s Chief Business Officer, the initiative is a turning point:

“Our expanded partnership with Mastercard will enable wider reach, global access, and scaled impact, so that USDC can become as ubiquitous as traditional payments.”

🔹 Mastercard’s Strategy: Bridging Fiat and Blockchain

Mastercard is no longer just a credit card network. The company is actively positioning itself as a global bridge between banks and digital assets, leveraging stablecoins to unify fiat and blockchain systems.

Key initiatives include:

• Crypto Credential – identity authentication for blockchain transactions.

• Crypto Secure – fraud detection tailored to crypto payments.

• MTN integration – enabling multi-asset digital settlements.

• Partnerships with Bybit and S1lkPay, offering direct USDC payments via crypto cards.

Dimitrios Dosis, Mastercard’s EEMEA President, emphasized the company’s commitment:

“We know trust is essential to scale, and we are proud to play a leading role by leveraging our decades of experience in security and compliance in the stablecoin universe.”

🔹 The Bigger Picture: Circle’s Global Offensive

Five facts highlighting the scale of Circle & Mastercard’s move:

• +90% annual growth of USDC, now at $65.2B market cap.

• 28% share of the dollar-backed stablecoin market.

• Zero fees for USDC/USD conversions on OKX.

• 50 countries connected through Finastra’s settlement rails.

• 4 Korean banks in talks with Circle on a potential digital won issuance.

Beyond payments, Circle is aiming higher: the company has filed for a U.S. banking license to transform USDC into a native part of the financial system.

🔹 Why This Matters

This collaboration is more than just a technical integration:

• It places stablecoins inside the banking infrastructure, not just at the edges of crypto exchanges.

• It strengthens regulatory trust in stablecoins by leveraging Mastercard’s compliance systems.

• It signals the beginning of a world where stablecoins like USDC can serve as a monetary backbone for digital economies.

@ Newshounds News™
Source:  CoinTribune

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Final List of XRP ETF Awaiting SEC Approval: Dates, Filings, And Deadlines

The SEC’s final decisions on multiple spot XRP ETF proposals are expected between October and December 2025, with analysts predicting approval could unlock billions in inflows — potentially surpassing Bitcoin and Ethereum ETFs in size.

At present, eleven XRP ETF proposals are under review, spanning from major asset managers to crypto-native firms. Bloomberg Intelligence data shows a mix of spot ETFs, futures ETFs, and leveraged products awaiting final SEC rulings.

🔹 ProShares Ultra XRP ETF (Approved & Live)

• Filed: January 17, 2025

• Approval: July 2025 (NYSE Arca)

• Launch: July 18, 2025

• Details: First approved XRP ETF, offering 2x leveraged exposure to XRP futures.

🔹 Grayscale XRP ETF

• Filed: Sept 5, 2024 (Prospectus), Jan 30, 2025 (Form 19b-1)

• Deadlines: April 6, May 21, Aug 19, 2025

• Final SEC Decision: October 18, 2025

🔹 Grayscale Avalanche Trust for XRP (Conversion)

• Filed: Aug 25, 2025 → ETF conversion bid (Form 19b-1 March 25, 2025)

• Deadlines: May 31, July 15, Oct 13, 2025

• Final SEC Decision: December 12, 2025

🔹 21Shares XRP ETF

• Filed: Nov 1, 2024 (Prospectus), Feb 6, 2025 (Form 19b-4, Cboe BZX Exchange)

• Deadlines: April 7, May 22, Aug 20, 2025

• Final SEC Decision: October 19, 2025

🔹 Bitwise XRP ETF

• Filed: Oct 2, 2024 (Prospectus), Feb 6, 2025 (Form 19b-4, Cboe BZX Exchange)

• Deadlines: April 7, May 25, Aug 23, 2025

• Final SEC Decision: October 20, 2025

🔹 Canary Capital XRP ETF

• Filed: Oct 8, 2024 (Prospectus), Feb 6, 2025 (Form 19b-4, Cboe BZX Exchange)

• Deadlines: April 11, May 26, Aug 24, 2025

• Final SEC Decision: October 23, 2025

🔹 WisdomTree XRP ETF

• Filed: Dec 2, 2024 (Prospectus), Feb 6, 2025 (Form 19b-4, Cboe BZX Exchange)

• Deadlines: April 12, May 27, Aug 25, 2025

• Final SEC Decision: October 25, 2025

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🔹 CoinShares XRP ETF

• Filed: Jan 24, 2025 (Prospectus), Feb 10, 2025 (Form 19b-4)

• Deadlines: April 11, May 26, Aug 24, 2025

• Final SEC Decision: October 23, 2025

🔹 Franklin Templeton XRP ETF

• Filed: March 11, 2025 (Prospectus), March 13, 2025 (Form 19b-4, Cboe BZX Exchange)

• Deadlines: May 3, June 17, Sept 15, 2025

• Final SEC Decision: November 14, 2025

🔹 Rex & Osprey XRP ETF

• Filed: Jan 21, 2025 (Prospectus), March 13, 2025 (Form 19b-4)

• Status: SEC decision was delayed after July 25, 2025, pending further review.

🔹 Volatility Shares XRP ETFs

• Filed: May 21, 2025 (Form N-1A)

• Products: 1x XRP Futures ETF, 2x Leveraged XRP ETF, Inverse -1x XRP ETF

• Status: Initial decision expected July 2025, but SEC delayed.

🔹 Key Takeaway

The SEC’s final decisions on XRP spot ETFs are clustered around October–December 2025. Approval would open institutional floodgates, possibly positioning XRP as the third-largest ETF market in crypto — or even leapfrogging Bitcoin and Ethereum in adoption.

📌 Note: Cboe BZX Exchange has filed 19b-4 forms on behalf of Bitwise, 21Shares, WisdomTree, Franklin Templeton, and Canary Capital to list XRP spot ETFs.

@ Newshounds News™
Source: Coinpedia

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Thank you Dinar Recaps

“Tidbits From TNT” Friday Morning 8-29-2025

TNT:

Tishwash:  Iraqi ports are included for the first time in the global list of STS service providers.

The General Company for Iraqi Ports announced today, Thursday, its official inclusion, for the first time in its history, on the global list of Ship-to-Ship Transfer (STS) service providers , according to the list issued by the global consulting firm Dynamarine .

In a statement received by Al-Sa'a Network, the company's general manager, Farhan Al-Fartousi, said, "The launch of side-loading services at ports represents a strategic shift that will enhance the confidence of shipping companies and maritime fleets ."

He added, "The company provides side-loading services using modern equipment and specialized personnel, and has received excellent ratings from the vessels it has handled." He noted that "joining the international list will contribute to increasing the number of incoming vessels, increasing revenues, and expanding the scope of maritime services to keep pace with the requirements of global trade ."

Al-Fartousi pointed out that "this achievement comes as part of the General Company for Iraqi Ports' strategy to improve the quality of its services and strengthen Iraq's position on the international maritime transport map . link

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Tishwash:  President of the Republic: There is an urgent need to pass the oil and gas law.

President Abdul Latif Jamal Rashid stressed that there is an urgent need to pass the oil and gas law and detailed laws on the distribution of revenues, to solve the existing problems.

The President said in a televised interview: "The Arab-Kurdish Cultural Center is an important step towards strengthening common rapprochement through studying common history and destiny."

He explained: "The relationship between the federal government and the Kurdistan Regional Government is good in all areas, and the existing differences are originally between the provinces and the federal government, and what is common to them is greater than the differences."

He stressed: "There is an urgent need to pass the oil and gas law and detailed laws on the distribution of revenues to solve the existing problems, and unfortunately, Parliament has not succeeded in passing the important oil and gas law."

He pointed out: "It is the government's duty to provide salaries for all employees, and we have a major problem in government expenditures from salaries, as they reach more than 80% of the state's revenues, while in other developed countries they do not reach more than 6%, and we must solve this problem."

He added: "We must ensure free and fair elections, and prevent the exploitation of power and its resources for electoral purposes. We, in the four presidencies, agreed on a document to be electoral regulations to be adopted by the Electoral Commission and other bodies concerned with organizing them."

He stressed that there is no truth to the postponement of elections or the formation of an emergency government, and we must ensure our people's confidence in holding fair elections on time. We in Iraq are proud that all electoral processes took place on time without delay.

The President stressed that the world is facing a major water crisis as a result of climate change, including Iraq. We must obtain a fair share from neighboring countries, stop our waste, and use modern irrigation and agricultural methods.

He stressed: "The continued aggression on Gaza has a negative impact on the entire region, and our position in Iraq is clear and not new, in our support for the Palestinian people in achieving their full legitimate rights to self-determination. The aggression must now stop, humanitarian aid must be delivered, and famine must be stopped."   link

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Tishwash:  KRG Delegation to Visit Baghdad for Talks on Resuming Oil Exports to Turkey 

Sabah Subhi, a member of the Iraqi Parliament’s Oil and Gas Committee, told Kurdistan24 on Thursday that the delegation will travel to Baghdad on September 2 for talks with senior officials from the Iraqi Ministry of Oil and the SOMO.

A high-level delegation from the Kurdistan Regional Government’s (KRG) Ministry of Natural Resources, accompanied by representatives of oil companies operating in the region, is set to visit Baghdad next week to discuss the resumption of oil exports through the Turkish port of Ceyhan.

Sabah Subhi, a member of the Iraqi Parliament’s Oil and Gas Committee, told Kurdistan24 on Thursday that the delegation will travel to Baghdad on September 2 for talks with senior officials from the Iraqi Ministry of Oil and the State Organization for Marketing of Oil (SOMO).

According to Subhi, the main objective of the meeting is to reach a binding agreement that would allow oil exports to restart, as several companies have expressed reluctance to move forward without a written arrangement.

A final deal is widely expected to be achieved in the upcoming talks, particularly as oil production in the Kurdistan Region has recently increased.

The planned discussions follow a visit by a delegation from Iraq’s Ministry of Oil and SOMO to the Turkish port of Ceyhan last week. During that visit, the Iraqi side finalized technical procedures and secured an understanding with Turkey regarding the export of oil from the Kurdistan Region.

Oil exports through the Iraq-Turkey Pipeline have been suspended since March 2023 following a ruling by the International Chamber of Commerce (ICC) that halted independent Kurdish oil sales. Oil exports have long been a contentious issue between the KRG and the federal government, impacting the region's economic stability and development.

The suspension has significantly affected the KRG revenue, which heavily depends on oil exports. This has led to financial challenges for the region. Efforts to resolve the issue through negotiations between the KRG and the federal government are ongoing.  lin

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Mot:  . Posts About Married Life in August 2025

Iraq Economic News and Points To Ponder Thursday Evening 8-28-25

Oil Prices Fall Amid Global Market Volatility

Thursday, August 28, 2025,  Economic Number of reads: 185  Baghdad / NINA / Oil prices fell on Thursday, as investors assessed the outlook for fuel demand in the United States as the summer driving season approaches its end and also considered potential shifts in crude supplies in light of the huge tariffs imposed by the United States on India to punish it for importing Russian oil.

Brent crude futures fell 31 cents, or 0.46%, to $67.74 by 00:27 GMT, and West Texas Intermediate (WTI) crude futures fell 36 cents, or 0.56%, to $63.79, after rising more than 1% in the previous session.

The U.S. Energy Information Administration said on Wednesday that U.S. crude inventories fell by 2.4 million barrels in the week ending August 22, compared to analysts' expectations in a Reuters poll for a draw of 1.9 million barrels. /    https://ninanews.com/Website/News/Details?key=1248817

The Ministry Of Oil Announces The Final Statistics For July Exports And Revenues.

Thursday, August 28, 2025 | Economic Number of reads: 161  Baghdad / NINA / The Ministry of Oil announced, today, Thursday, the total oil exports and revenues achieved for last July, according to the final statistics issued by the State Oil Marketing Company (SOMO).

The ministry said in a statement: "The quantity of crude oil exports, including condensates, amounted to (104) million and (750) thousand and (788) barrels, with revenues amounting to (7) billion and (184) million and (804) thousand dollars."

It added: "The total quantities of crude oil exported for last July from oil fields in central and southern Iraq amounted to (104) million and (255) thousand and (143) barrels, while exports from the Qayyarah field amounted to (495) thousand and (645) barrels." https://ninanews.com/Website/News/Details?key=1248904

Basra Crude Prices Rise

Time: 2025/08/27 Reading: 495 times  {Economic: Al Furat News} Prices of Basra heavy and medium crude oil rose on Wednesday, despite stable oil prices in global markets.

Basra Heavy crude prices rose 49 cents, or 0.49%, to $67.12, while Middle East crude prices rose 49 cents, or 0.39%, to $70.57.

Oil prices stabilized after falling in the previous session, as the market awaits the impact of new US tariffs on India in retaliation for its purchases of Russian supplies.

The price of Brent crude reached $67.24, while the price of US crude reached $63.25.  LINK

After A Previous Increase, Gold Maintains Stability.
economy | 08/28/2025  Mawazine News - Follow-up  Gold prices remained stable on Thursday, as investors awaited influential US data expected to determine the Federal Reserve's interest rate outlook.

Spot gold was steady at $3,390.27 per ounce by 02:57 GMT, after touching its highest level since August 11 earlier in the session, while US futures for December delivery were steady at $3,447.40 per ounce.

Traders are awaiting the Personal Consumption Expenditures (PCE) price index, due on Friday. This is the Federal Reserve's preferred inflation gauge.

Economists expect the index to rise 2.6% in July, the same pace as the previous month.
The probability of a 25 basis point rate cut at the next Fed policy meeting is more than 88%, noting that gold typically benefits from a low interest rate environment.

Among other precious metals, silver rose 0.3% to $38.72 per ounce, while platinum was steady at $1,348.07, and palladium rose 0.3% to $1,095.26.   https://www.mawazin.net/Details.aspx?jimare=265848

The Development Bank Launches The First Unmanned Smart Branch In Iraq.

Wednesday, August 27, 2025, 5:53 PM | Economic  Number of readings: 96  Baghdad / NINA / The International Development Bank announced today, Wednesday, the launch of the first smart branch of its kind in Iraq.

The bank said in a statement: "It has launched the first smart branch of its kind in Iraq, which enables banking transactions to be completed completely without the need for employees and available 24 hours a day, seven days a week, in a step that reflects the bank's commitment to digital transformation and promoting innovation in the Iraqi banking sector."

The statement added that "the new branch is located inside the General Administration Building of the International Development Bank on Abu Nawas Street in Baghdad, to be available to all customers as the first integrated digital banking experience in the country."

It continued: "The smart branch enables customers to complete their various banking transactions within minutes, whether for individuals, companies, businessmen, investors, entrepreneurs, or content creators, through an integrated package of digital services that include opening bank accounts and deposits, withdrawing and depositing funds, depositing bank checks and requesting the issuance of checkbooks, requesting the issuance of bank cards, transferring funds between accounts, in addition to purchasing gold ounces, printing account statements, settling loans, receiving content creator profits, and other innovative services."

The bank explained that "the branch allows customers to speak directly with customer service employees via audio and video, ensuring a more interactive and flexible banking experience and identifying customer needs immediately."

According to the statement, Wissam Al-Amri, Marketing Director at the International Development Bank, said, "The launch of the smart branch reflects the bank's commitment to placing customers at the heart of our priorities by providing innovative and easy-to-use banking solutions that enable them to manage their financial needs efficiently and at any time."

The statement concluded, "With this pioneering step, the International Development Bank consolidates its position as the first Iraqi bank to launch a smart branch, keeping pace with global developments in the banking sector and affirming its commitment to providing the best financial solutions to its customers." /End   https://ninanews.com/Website/News/Details?key=1248758

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

The Groundwork for the New Economic System

The Groundwork for the New Economic System

Gregory Mannarino:   8-27-2025

Do you ever get the feeling that the economic and political gears are grinding in a way that feels… intentional? That what’s happening isn’t just a series of random events, but part of a much larger, orchestrated transition?

Financial analyst Gregory Mannarino isn’t just watching the news; he’s dissecting a profound, and he argues, deliberate transition towards a new systemic order. In his latest thought-provoking video, Mannarino lays bare a critical analysis of our current landscape, revealing how the very structure of our society is being reshaped right before our eyes.

One of the most striking insights Mannarino presents is the idea that the current system is strategically engineered to foster dependency. By making us deeply reliant on the existing framework, the architects of this change are, in his view, paving the way for a smoother, albeit unsettling, shift into a new economic and political structure.

These aren’t isolated incidents; Mannarino frames them as interconnected components of a grand design, all serving to facilitate the move to a different framework.

But perhaps the most profound transformation Mannarino discusses is what he calls the “final act” in a broader series exploring systemic changes. This refers to the accelerating fusion of corporate power with government authority.

Imagine a world where the lines between immense corporate entities and the governing bodies are not just blurred, but virtually erased. This isn’t merely collaboration; it’s a deep, systemic integration that has enormous implications for our freedoms, our economy, and the very fabric of society. This convergence signifies a shift of immense proportions, fundamentally altering who holds power and how decisions are made.

Mannarino stresses that his analysis isn’t a one-off warning; it’s a comprehensive series, with each part building upon previous insights to create a complete understanding of this evolving landscape. He urgently encourages viewers to engage deeply, as piecemeal understanding simply won’t suffice.

However, he expresses concern that only about a quarter of his audience is actively absorbing the full scope of this critical information. In an era where information overload is common, it’s easy to skim the surface. But Mannarino’s message is clear: understanding this evolving landscape isn’t just academic; it’s crucial for preparing for future realities shaped by these transformative forces.

This isn’t just a forecast; it’s a critical juncture in systemic evolution. Mannarino’s call to deeper engagement serves as both a warning and an invitation to equip yourself with the knowledge needed to navigate the profound changes ahead.

Ready to dive deeper and understand the true forces at play?

https://youtu.be/M0ra3Cht9hU

Iraq Economic News and Points To Ponder Thursday Afternoon 8-28-25

Maximizing Revenue
 
Economic 08/28/2025   Abdul Zahra Muhammad Al-Hindawi   When I say that the Iraqi economy is still unilateral and moving on one foot,I do not consider myself the discoverer of electricity,  which still represents Iraq's first story! Rather,
 
everyone knows and acknowledges this, as the  non-oil sectors   are still crawling on their seats and   have not recorded a notable presence in the economic scene,  at a time when the state has no choice but to move towards maximizing its revenues, in light of the escalation of expenditures to the point that oil revenues are no longer able to meet the requirements of that spending,  whether operational or investment.

So, how can we   find other resources to support the budget and  thus reduce our dependence on oil?
 
Maximizing revenues necessarily leads to  increased financial resources through economic diversification.
 
The five-year development plan for the years 2024-2028 talks about its goal of raising the contributions of the     agriculture,     industry and  tourism sectors to rates ranging between 2-4%, and   improving the collection of direct and indirect taxes,  which will contribute to achieving an amount of 79 trillion dinars over five years,  compared to more than 600 trillion dinars representing oil revenues,  which is a very small percentage.

Hence, it is imperative that all state institutions strive diligently to search for sources to maximize their revenues.

However, this maximization     should not be at the expense of the people, and this maximization
 should not go entirely to the public treasury (Ministry of Finance).
 
Rather, there must be an incentive for the entity that has succeeded in finding sources to maximize its resources,  so that it has a share of these resources,  which it can   invest in maintenance, or in   developing the resource itself, or   granting incentive bonuses to its workers,   so that this will be an incentive for others to strive diligently. On this path.
 
Perhaps among the sources of maximizing the state’s resources are     addressing tax evasion, simplifying procedures,  controlling border crossings, and  investing in infrastructure and strategic projects, such as the   development road, the   Grand Faw Port project,   airports,  industrial and economic cities, and most importantly,   strengthening,   encouraging, and    improving partnerships with the private sector, especially after the   establishment of the Special Council to  manage and  develop this sector.
 
Naturally, this also necessarily requires developing the financial and banking sector,
in addition to adopting a digital transformation policy to increase sales,  without forgetting the importance of improving human resources management,   as it is the main driver and guide for all paths. Development.    https://alsabaah.iq/119693-.html 

 The Ministry of Planning announces the adoption of a mechanism to combat counterfeit gold on a large scale.    Buratha News Agency1632025-08-27

The Ministry of Planning announced on Wednesday the adoption of a mechanism to combat counterfeit gold on a large scale, while indicating that the counterfeit gold pieces leaking into the markets do not pose a significant risk.

The spokesperson for the Ministry of Planning, Abdul Zahra Al-Hindawi, told the official agency that “the Central Organization for Standardization and Quality Control in the Ministry of Planning is the body responsible for following up on the granting of licenses to practice goldsmithing and the marking of gold jewelry, where the marking is done through the presence of inspection units at airports (Baghdad Airport, Najaf Airport, Basra Airport, and Kirkuk Airport),” indicating that “these units affiliated with the Central Organization for Standardization and Quality Control inspect and mark any gold shipment entering Iraq directly at the airport, after which a license is granted for trading in the markets.”

He added, "There are committees from the Central Agency for Standardization and Quality Control that conduct continuous visits to inspect goldsmith shops and ensure that the gold in circulation is sound gold, marked with the agency's stamp and is not adulterated. In the event that any violation is detected, such as the presence of adulterated gold or otherwise, legal measures are taken or the violator is referred to the judiciary to take legal action against him."

 He explained that "this mechanism has been able to contribute significantly to combating adulterated gold, but there may be some gold pieces that are leaked into the markets and do not pose a significant risk, and they are quickly discovered, even by consumers themselves."

Al-Hindawi also pointed out that "the agency's teams are continuing their work in this area, whether through airport inspections or monitoring goldsmiths' shops. In addition, there are other regulatory bodies, not just the Ministry of Planning, that are concerned with market and economic issues and monitor gold." He noted that "gold represents a significant economic sector, and it is very important that this commodity be monitored extensively and continuously."
https://burathanews.com/arabic/economic/464337

Kurdistan deposits 120 billion dinars of non-oil revenues into the federal finance account.
Economy | 08/28/2025  Mawazine News – Baghdad  The Ministry of Finance of the Kurdistan Regional Government deposited 120 billion dinars of non-oil revenues into the account of the federal Ministry of Finance.

According to a source in the Ministry of Finance of the regional government, it was explained that "the ministry began yesterday, Wednesday, the procedures for depositing the amount, which were completed today," noting that the amount was deposited into the account of the federal Ministry of Finance at the Erbil branch of the Central Bank of Iraq.

The source added that the Kurdistan Region has fulfilled all its obligations towards Baghdad, and all that remains is for Baghdad to finance the June salaries of the Kurdistan Region's employees in accordance with the agreement.

The Iraqi Council of Ministers had approved on (August 26, 2025) the Ministry of Finance's disbursement of the salaries of the Kurdistan Region for the month of June 2025, "with the regional government paying (120) billion dinars as an installment for non-oil revenues, according to the text of Council of Ministers Resolution No. 636 of 2025."

The Council instructed the joint committees to continue their work and directed the "formation of a legal team" comprising the Prime Minister's legal advisor and the heads of legal departments in the General Secretariat of the Council of Ministers, the Ministry of Finance, and the Federal Board of Supreme Audit, in coordination with representatives of the Kurdistan Regional Government, to "resolve legal disputes related to non-oil revenues, in accordance with the law."

Over the past four months, Kurdistan Region employees have received only one salary: the May salary, which was disbursed on July 24.   https://www.mawazin.net/Details.aspx?jimare=265851

Central Bank: Iraq imported goods worth $87 billion in 2024.

Economy | 08/28/2025  Mawazine News – Baghdad  The Central Bank revealed the value of Iraq's imports of goods from abroad during 2024.

The bank stated in a statistic monitored by Mawazine News that the value of goods imported from outside Iraq during 2024 amounted to $87 billion.

The bank indicated that "the value of imported goods amounted to $87.410 billion, an increase of 32.78 percent compared to 2023, when the value of Iraqi imports amounted to $65.826 billion."

It indicated that "Asian countries came first in terms of the value of imports, which amounted to $59.045 billion, followed by Western European countries with a value of $11.058 billion."

He added that the statistics showed that "Arab countries came third with a value of $9.073 billion, South American countries came fourth with a value of $4.082 billion, and North American countries came fifth with a value of $2.736 billion."

The bank explained that imports from Eastern Europe amounted to $1.031 billion, from Oceania countries $140 million, from non-Arab African countries $131 million, and finally from Central American countries $114 million.

The bank continued that the most important imports included transportation equipment and machinery worth $33.653 billion, followed by miscellaneous goods worth $13.811 billion, manufactured goods worth $9.965 billion, mineral fuels worth $8.566 billion, and food products worth $4.720 billion. https://www.mawazin.net/Details.aspx?jimare=265872

A Government Bank Launches An Account Statement Service For Visa Purposes.

Banks  Economy News – Baghdad  Rafidain Bank announced today, Thursday, the launch of its account statement service for visa purposes via the Ur portal, as part of its ongoing efforts to streamline procedures and develop its services.

In a statement received by Al-Eqtisad News, the bank stated that, "In line with its plans to simplify procedures and enhance the path of continuous development, and in cooperation with the Information Technology Department at the Ministry of Finance, the account statement service for visa purposes has been launched via the Ur Government Services Portal."

He added, "The service aims to enable customers to obtain a bank statement detailing their financial transactions and verify their financial capacity when applying for travel visas, in accordance with the requirements of several embassies and relevant authorities, and in a simple and quick electronic manner that reduces the need for direct review."

The bank confirmed that "this service is available to customers who have current, savings, or deposit accounts and whose salaries are domiciled with the bank. Customers must provide identification documents, a national ID card, and an electronic payment card (MasterCard), in addition to accurately entering data and uploading documents to successfully complete the application." https://economy-news.net/content.php?id=59361

The Dollar Exchange Rate Stabilized At 142,200 Dinars.

Economy | 12:18 - 08/28/2025  Mawazine News - Baghdad:  The dollar exchange rate stabilized on the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, recording 142,200 dinars per $100, the same rate as yesterday, Wednesday.

Selling prices at exchange shops in local markets in Baghdad remained stable, with the selling price reaching 143,250 dinars per $100, and the buying price reaching 141,250 dinars per $100. https://www.mawazin.net/Details.aspx?jimare=265854

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 8-28-25

Good Afternoon Dinar Recaps,

BRICS De-Dollarization Reversal: Focus Shifts to Local Currency Trade

The bloc abandons near-term plans for a unified BRICS currency, instead prioritizing local currency settlements and bilateral trade mechanisms.

Shift Away From a Unified Currency

The BRICS de-dollarization strategy has undergone a notable shift. Once expected to launch a single unified currency to rival the U.S. dollar, member states are now focusing on local currency trade systems and strengthening bilateral trade relationships.

This marks a reversal of earlier ambitions, reflecting a more measured, risk-averse approach to challenging the dollar’s dominance.

Putin Softens His Position

Russian President Vladimir Putin, once the strongest advocate for a BRICS common currency, has tempered his stance.

At the 2024 Kazan summit, he was seen holding a prototype BRICS banknote called the “Unit.” But more recent remarks suggest the bloc’s goals are narrower:

“The bloc’s goal was not to break away from the U.S.-dominated SWIFT financial system entirely, but rather to reduce the Dollar’s ‘weaponisation’ and promote the use of local currencies for trade between the BRICS members.”

Brazil Confirms No 2025 Currency Timeline

As BRICS president, Brazil confirmed there is no immediate timeline for a unified BRICS currency.

The Rio de Janeiro summit declaration (July 2025) outlined broad cooperation but omitted any currency launch dates.

This caution reflects concerns over market volatility, especially after President Trump’s return to the White House, which triggered currency depreciation across the yuan, ruble, real, rupee, and rand.

India Pushes Back on De-Dollarization

India has taken the firmest position against aggressive de-dollarization.

Foreign ministry spokesperson Randhir Jaiswal stated:

“De-dollarisation is not part of India’s financial agenda.”

Instead, India advocates a “derisking” strategy:

• Expanding trade in local currencies (e.g., deals with Russia, UAE, Maldives).

• Diversifying trade partners.

• Building alternative payment systems to reduce currency conversion risks.

Focus on Practical Mechanisms

With ambitions scaled back, BRICS is emphasizing realistic financial tools:

• BRICS Pay digital payment platform.

• New Development Bank as a financial stabilizer.

• Bilateral trade settlements in national currencies.

This gradualist approach underscores the bloc’s recognition that a radical break from dollar-based finance could destabilize global markets, while local mechanisms offer measured, sustainable progress.

 Key Takeaway

BRICS has pulled back from its boldest de-dollarization ambitions, shifting from a unified currency plan to localized trade solutions. By emphasizing stability and bilateral currency use, the bloc signals pragmatism — prioritizing gradual financial diversification over abrupt confrontation with the dollar.

Strategic Implications

• Dollar Challenge Delayed: The U.S. dollar’s global dominance faces no immediate threat, but localized settlements still chip away at its monopoly in trade finance.

• India as Power Broker: New Delhi’s push for “derisking” positions it as a moderating force, balancing ambition with market stability.

• Global Reset in Motion: Even without a BRICS currency, incremental steps toward local trade settlements lay the foundation for alternative financial infrastructures that could reshape global markets in the long run.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

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MilitiaMan and Crew: Iraq Dinar News Update-REER Support-$500 Billion-K2-Rafidain

MilitiaMan and Crew:  Iraq Dinar News Update-REER Support-$500 Billion-K2-Rafidain

8-28-2025

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

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

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

https://www.youtube.com/watch?v=RWSp6w8fuAg

Seeds of Wisdom RV and Economic Updates Thursday Morning 8-28-25

Good morning Dinar Recaps,

112 Crypto Companies Urge Senate to Protect Developers in Market Structure Bill

Coinbase, Kraken, Ripple, a16z, and others press lawmakers to safeguard non-custodial services and open-source developers in upcoming legislation.

Coalition Calls for Clear Protections

A coalition of 112 crypto companies, investors, and advocacy groups has urged the U.S. Senate to include explicit protections for software developers and non-custodial service providers in the pending digital asset market structure bill.

The letter, sent Wednesday to the Senate Banking and Agriculture Committees and led by the DeFi Education Fund, emphasized that the industry spoke “with one voice.” It warned that without protections, developers could be wrongly classified as financial intermediaries under outdated regulatory frameworks.

“Provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation. Without such protections, we cannot support a market structure bill,” the letter stated.

Signatories include Coinbase, Kraken, Ripple, a16z, Uniswap Labs, and nearly every major U.S. crypto lobbying group, from the Blockchain Association to the Chamber of Digital Commerce.

Regulatory Uncertainty Driving Talent Abroad

Industry leaders cautioned that without strong safeguards, the U.S. risks losing ground in open-source blockchain development.

Citing Electric Capital data, the letter highlighted a steep decline in America’s share of blockchain developers, falling from 25% in 2021 to just 18% in 2025 — a trend largely attributed to regulatory uncertainty.

To prevent innovation from leaving the country, the coalition called for explicit federal protections that would:

• Shield blockchain developers from misclassification.

• Prevent conflicting state-level regulations.

• Build on the bipartisan momentum seen in the CLARITY Act, which passed with overwhelming support.

Legislation Timeline

Senator Cynthia Lummis announced last week that a digital asset market structure bill is expected to reach President Donald Trump’s desk by year-end.

• September: Senate Banking Committee review

• October: Senate Agriculture Committee review

• Ahead of Thanksgiving: Possible Senate vote and delivery to the President

 The bill will also clarify how the SEC and CFTC divide oversight of crypto markets, a long-standing point of contention in U.S. regulation.

@ Newshounds News™
 Source: Cointelegraph

~~~~~~~~~

Kraken Meets With SEC Crypto Task Force to Discuss Tokenized Stocks and Bonds

Exchange giant explores U.S. regulatory framework for trading tokenized equities and ETFs, as traditional exchanges push back.

Kraken’s Tokenization Proposal

Kraken, one of the largest U.S.-based crypto exchanges, met this week with the SEC’s Crypto Task Force to discuss its proposal for a tokenized trading system.

A filing with the SEC shows the meeting focused on potential legal and regulatory frameworks for offering tokenized versions of traditional financial assets — including stocks, bonds, and ETFs — to U.S. investors.

This comes just months after Kraken unveiled its international plans to launch tokenized securities in select non-U.S. markets.

Global Expansion With Tokenized Equities

In May, Kraken announced a partnership with Backed, a tokenized equities issuer, to launch xStocks on the Solana (SOL) blockchain.

• xStocks provides tokenized versions of U.S.-listed equities and ETFs.

• The project is initially targeting non-U.S. clients, taking advantage of more flexible regulatory environments abroad.

• Kraken hopes to eventually bring a regulated version of these offerings into the U.S. market.

Pushback From Traditional Exchanges

The initiative comes at a time when traditional stock exchanges are lobbying regulators to impose strict limits on tokenized equities.

The World Federation of Exchanges (WFE), representing global exchanges and clearing houses, sent a letter to the SEC last week outlining concerns.

WFE CEO Nandini Sukumar criticized tokenized stocks as a potential risk to investors:

“What we are seeing is a blatant attempt to circumvent regulation, with some firms seeking ‘no action’ relief from regulators or deliberately operating through legal grey areas. Most concerning is the risk to retail investors, who may be misled into believing they hold the same rights and protections as traditional shareholders. In many cases, they do not. Investor protection must remain paramount, and regulation must evolve to ensure that new technologies are not used as a mask for risk and opacity.”

Regulatory Crossroads

The SEC faces a critical decision point:

• Allow tokenized equities under strict new rules, potentially opening U.S. markets to blockchain-based securities.

• Maintain restrictions under pressure from traditional exchanges, which argue tokenization could undermine investor protections.

Kraken’s discussions highlight the growing tension between innovation in blockchain finance and the preservation of traditional market safeguards.

Key Takeaway

Kraken’s push to tokenize stocks and ETFs in the U.S. puts regulators at a crossroads: embrace blockchain-based securities with new safeguards, or restrict them to preserve traditional investor protections. The outcome will shape the future of tokenized finance in America.

@ Newshounds News™
Source: Daily Hodl

~~~~~~~~~

Europe in Ruins: Why the ECB Won’t Save It This Time

Despite years of massive money printing, the eurozone is sinking into stagnation, debt dependency, and economic decline — leaving the European Central Bank powerless to stop the collapse.

A Systemic Crisis Across Europe

It’s not just France under François Bayrou that faces trouble — the entire eurozone is trapped in a systemic crisis. The European Central Bank (ECB), once hailed as the continent’s financial backstop, now finds its tools blunt.

Unlike in 2008, when monetary expansion provided temporary relief, the ECB’s latest injections have created a vicious cycle of stagnation and unsustainable debt that the printing press can no longer solve.

Monetary Expansion Without Growth

ECB data shows that in June 2025, the M2 money supply of the eurozone rose to €15 trillion, up 2.7% year-over-year.

Yet, this expansion delivered almost no real growth, a stark contrast to the U.S., where 4.5% monetary growth still produces ~2.5% GDP growth.

This gap reveals a structural failure:

• ECB liquidity fuels unproductive public spending instead of private investment.

• States become dependent on ECB bond purchases, depriving the private sector of financing.

• Europe’s economic system increasingly resembles a “monetary drip” keeping stagnant economies alive.

The Printing Press as Poison

The ECB’s policies have created a crowding-out effect:

• Governments absorb new liquidity, starving entrepreneurs of credit.

• Unproductive companies survive thanks to artificially low rates.

• Innovative firms struggle, weakening Europe’s long-term competitiveness.

This has led to the “zombification” of Europe’s economies, where outdated structures survive while innovation is suffocated.

The ECB as Fiscal Enabler

The ECB has drifted from its mandate of price stability, instead prioritizing the financing of sovereign debt.

This shift effectively turns the ECB into a fiscal policy instrument, propping up states while ignoring inflation risks.

History warns against this approach: between 1970 and 2011, despite central bank dominance, the world experienced 147 banking crises. Central banks often delay crises but amplify their severity — a cycle the ECB now replicates on a continental scale.

The Dependency Trap

Europe is now caught in a monetary dependency spiral:

1. Governments depend on ECB refinancing to survive.

2. ECB bond purchases enable irresponsible fiscal spending.

3. Economic capacity erodes, making states even more reliant on ECB support.

This cycle is unsustainable. By 2024, global public debt hit $102 trillion, with Europe among the most concerning cases. The continent now generates too little wealth to justify its debt levels. Only continuous ECB money creation maintains the illusion of solvency.

Bitcoin as an Alternative?

The failure of large-scale quantitative easing in Europe underscores the limitations of central bank-driven policies.

Sooner or later, Europe will be forced to confront reality:

• Drastic structural reforms — not perpetual monetary injections — are required to restore competitiveness.

• In this context, Bitcoin and decentralized assets may emerge as credible alternatives that governments cannot manipulate.

Key Takeaway

The eurozone is trapped in a cycle of debt dependency and stagnation that ECB money printing can no longer mask. Without radical reforms, Europe risks systemic collapse — opening the door for decentralized alternatives like Bitcoin to gain legitimacy as a safeguard against monetary failure.

@ Newshounds News™
Source: Cointribune

~~~~~~~~~

XRP Expands in Asia as Linklogis Taps Ledger for $2.9B Supply Chain

China’s leading fintech firm selects XRPL to power its global supply chain finance platform, unlocking liquidity through tokenization.

XRPL Partners With Linklogis

XRP has secured a major win in Asia after Chinese fintech giant Linklogis announced a partnership with the XRP Ledger (XRPL).

The deal will see Linklogis integrate its supply chain finance platform onto the XRPL mainnet, enabling the circulation and cross-border settlement of digital assets tied to real-world trade flows.

Through the collaboration, trade assets such as invoices and receivables will be tokenized, giving businesses faster access to liquidity while boosting efficiency in global trade finance.

Driving $2.9B in Trade Assets

Linklogis is already a powerhouse in supply chain finance. In 2024, the firm processed RMB 20.7 billion ($2.9 billion) in cross-border assets across 27 countries.

By leveraging XRPL, Linklogis aims to:

• Expand business access to funding.

• Enhance transparency in trade financing.

• Streamline settlements for exporters, importers, and financiers.

The collaboration will also explore stablecoins, smart contracts, and AI integration — broadening innovation in real-world asset (RWA) tokenization within supply chains.

XRPL’s Growing Global Footprint

The partnership strengthens XRP’s reputation as a leader in tokenized finance:

• In the past month, XRPL’s tokenized RWA volume grew 22.81%, reaching $305.8 million, ranking it the ninth-largest blockchain by RWA value.

• In May 2025, the Dubai Land Department adopted XRPL for real estate tokenization.

• Across Latin America (notably Mexico, Brazil, and Argentina), XRP is increasingly used to reduce reliance on the U.S. dollar in cross-border trade.

This rapid adoption signals rising confidence in XRP Ledger as global financial infrastructure, especially in emerging markets looking for alternatives to traditional currencies.

 Key Takeaway

XRP’s partnership with Linklogis marks a pivotal step in Asia’s digital finance evolution, embedding XRPL into a $2.9B supply chain platform. With expanding use cases in trade, real estate, and tokenized assets worldwide, XRP is positioning itself as a backbone for the next era of global settlement.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Thursday Morning 8-28-25

 Central Bank: Gold Enhances Stability, Debt Constrains Budget
 
Baghdad Today – Baghdad   In a country where crises alternate between  politics and finance, the structure of the Central Bank of Iraq's assets reveals a deeper picture than mere   ratios and   numbers. 

The assets, which alternate between     gold,     securities, and     government receivables,   are not simply bank accounts;  they reflect the trajectory of a state seeking stability amid  internal and  external storms, according to experts.

Manar Al-Obaidi, an economic expert, explained in a post on his Facebook page, followed by Baghdad Today, that securities, despite maintaining their leading position at 27% in 2025,  declined from their previous share of 37% in 2022.
 
This decline is interpreted by analysts as a   loss of one of the liquidity tools  that gives banks immediate flexibility in the face of pressures.
 
In contrast, gold jumps from 6% to 12.6%,   representing a shift towards "solid security,"a move that observers see as reflecting  deep concern about the fragility of markets and a  desire to seek refuge in the indestructible metal.
 
But the picture is not complete without mentioning the deposits of other banks,  which have risen to 26%, giving the Central Bank greater maneuverability at a time when the Ministry of Finance's dues still account for nearly a quarter of assets.
 
These dues have not actually decreased,     but have remained virtually constant,    which analysts see as a continuation of the intertwining of   monetary policy and   public finances,sometimes    turning the Central Bank into a larger creditor of the state itself.
 
The historical background reveals that this connection is not new.
 
Since 2003, the Central Bank has found itself at the heart of the equation for   financing budget deficits, through the   purchase of treasury transfers and   lending to the Ministry of Finance.
 
The Central Bank Law, which grants it formal independence,     has not prevented practical interference,
 making government receivables a structural gap that is difficult to fill.
 
Not far from this, loans to finance small and medium enterprises    increased from 5% to 7%,
which experts see as a glimmer of hope for a development trend that requires  monitoring and guarantees,  
for fear that it could become a new burden on assets if these projects are unable to repay.
 
Foreign investments and deposits in foreign banks declined from 62% to 53%,  revealing a reallocation inward through   gold and     quidity,   but also a loss of a portion of the regular returns previously provided by foreign markets.

 
A gradual reading of these figures suggests that the Central Bank     is attempting to balance financial security with investment,     but it is encountering a fundamental obstacle:    more than a third of its assets are made up of  loans and  liabilities,   making the sustainability of its monetary structure
dependent on the obligations of other parties,   most notably the Ministry of Finance.
 
In conclusion,  it is clear that the central bank's structure  remains captive to the weight of government debt,  despite diversification attempts.
 
Gold and  liquidity     provide an additional margin of safety,   but this is insufficient   unless these transformations are accompanied by  a clear strategy that decouples the structural link between  monetary and  fiscal policy  and restores the flexibility of the monetary institution as a guardian of stability.
 
Source: Economic expert Manar Al-Obaidi's Facebook page + Baghdad Today + Agencies      
https://baghdadtoday.news/281891-.html   

International Development Bank Launches Iraq’s First Smart Branch
 
    Business     Iraq     Jawad Al-Samarraie     August 27, 2025    An interior shot of a modern, technology-focused bank branch    Baghdad (IraqiNews.com) – The International Development Bank (IDB),     one of Iraq’s largest and leading private banks,  announced today, Wednesday (August 27, 2025), the  launch of the country’s first smart branch.
 
The new branch will allow customers to complete all banking transactions without needing staff, 24/7,
a move that highlights the bank’s commitment to   digital transformation and     innovation    in Iraq’s banking sector.
 
According to a statement from the bank, the new smart branch is located
within the IDB’s general administration building on Abu Nuwas Street in Baghdad.
 
It offers a fully integrated digital banking experience, enabling     individuals,     companies,     investors, and     content creators   to conduct a wide range of transactions in minutes.
 
Services include opening accounts, deposits, Withdrawals, issuing checkbooks and banking cards, and transferring funds. The branch also provides innovative services like  buying gold ounces,  printing account statements,
settling loans, and  receiving payments for content creators.
 

In addition to self-service options,   customers can speak directly with customer service representatives via audio and video   to ensure a more interactive and flexible banking experience.
 
Wissam Al-Ameri, the head of the marketing department at the IDB, stated that the launch of the smart branch reflects the bank’s commitment to  prioritizing customers by providing innovative and easy-to-use solutions.

He believes this step  is a qualitative leap in banking services in Iraq and   reinforces the bank’s position as a leader in digital innovation.    https://www.iraqinews.com/business/international-development-bank-smart-branch-iraq/  

Consensus On The Inevitability Of Strategic Planning And Digitization Of Financial Operations
 
Economic 08/28/2025   Baghdad: Hussein Thaghab    Participants in the forum, organized by Bayt Al-Hikma Consulting  in cooperation with the German GIZ organization, emphasized the importance of     strategic planning and     digitization   in enhancing government and economic performance.

They emphasized that these elements represent essential pillars for Iraq's  advancement and   transition to a new phase  in line with global developments in various service and production sectors.
 
Participants explained that the government is currently working to implement serious initiatives aimed at     achieving a qualitative leap in the level of public services and     improving economic performance,
 
while leveraging advanced technology to     enhance the exploitation of the country's natural and human resources,   enabling comprehensive and sustainable development across all sectors.
 
In his speech at the forum, Chairman of the Securities Commission, Faisal Al-Haimus,emphasized that
 strategic planning,  informed leadership, and   digitization  are not an option, but rather an urgent necessity.

He pointed out that planning    provides the foundation for a promising future and    enables ambitious leadership to achieve positive results that enhance the work reality and    contribute to propelling the country toward safety.

Al-Haimus emphasized that  digitization is a national project that    enhances performance efficiency,    supports transparency, and    opens broader horizons   for financial inclusion that serves all segments of society.

 He pointed out that   building institutions, creating a ladder for development, and achieving general renaissance    are based on    sound planning and   ambitious leadership, which makes digitization a vital tool for advancing Iraq's economic and administrative reality.
 

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For his part, Undersecretary of the Ministry of Commerce, Sattar Al-Jabri, praised the forum, stressing that its content combined key themes that represent a priority for the  government:    leadership,   strategic planning, and    digitizing financial operations.

Speaking to Al-Sabah, Al-Jabri explained that the complementary work between these themes contributed to significant achievements in terms of simplifying procedures and   improving performance.

He pointed out that  digital transformation has become an absolute necessity to keep pace with global developments, and that the
 
Ministry of Commerce's next goal is to build an integrated financial and administrative system that
    supports the national economy and    raises the level of services to significant levels, while
 
emphasizing the importance of cooperation between the public and private sectors to achieve sustainable development.
 
In her speech, delivered on behalf of Dr. Ahmed Al-Dahlaki, the Minister of Finance considered the forum to be an important contribution to financial and administrative reform, noting that
 
the focus on building an integrated digital economy represents a key pillar of    financial stability and
 enhancing integration with global economies and the  rapid digital transformations they are witnessing.

Al-Dahlaki explained that strategic planning must place human capital at the heart of development, and that leveraging advanced technology is essential to raising the level of performance in various institutions,whether in the    public or    business sectors.
 
He emphasized the role of digitization in   raising efficiency, achieving transparency, and
    facilitating financial and administrative workflows.
 
In turn, Hisham Khaled, CEO of Bayt Al-Hikma, told Al-Sabah that  strategic planning, leading digital transformation, and   expanding the base of financial inclusion    are crucial to achieving a qualitative shift in the country's reality.

He pointed out that leveraging the best international experiences in this field has demonstrated the ability of  strategic planning and  digitization   to  bring about a clear renaissance in various countries,  facilitate performance paths, and  achieve tangible results on the ground.

 Khaled explained that  strategic planning represents the compass that    determines the right direction and    provides a solid foundation  for implementing digital transformation in an integrated manner, emphasizing that
 
integrating modern technology at all levels of work ensures    enhanced efficiency and    transparency, and    has a broad positive impact on  government performance and   services provided to citizens. 

Participants noted that the government's commitment to   strategic planning and    digitization   goes beyond improving financial and administrative performance,
 
but also extends to    enhancing public services and    creating a   sustainable and    resilient economic environment   capable of responding to global and local challenges.
 
This focus is placed on building an integrated, technology-driven system that    optimally utilizes human capital to   achieve sustainable development goals,   enhance financial inclusion, and   promote economic and social stability.
 
The speakers emphasized that these efforts align with    global trends in institutional development,
    improving service efficiency, and    creating a more transparent and fair work environment.
 
This, they said, contributes to    strengthening trust between citizens and the state,    laying the groundwork for economic growth, and    achieving a comprehensive renaissance.
 
At the conclusion of the forum, everyone emphasized that    strategic planning,    conscious leadership, and the  digitization of financial operations    are not merely regulatory tools, but rather   constitute the foundation for sustainable economic and social development.
 
They pointed out that the success in implementing these principles will bring Iraq closer to the levels reached by leading countries in the field of   digital management,  financial transparency, and    economic inclusion, while    creating an environment capable of making the most of human and natural resources, and    achieving a qualitative leap in all economic sectors. And service.   https://alsabaah.iq/119692-.html  

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

“Tidbits From TNT” Thursday Morning 8-28-2025

TNT:

Tishwash:  A gradual plan to shut down Wi-Fi in Iraq has been put in place.

The Ministry of Communications revealed on Thursday a gradual plan to shut down Wi-Fi services in Iraq.

The ministry said in a statement received by Al-Eqtisad News, that "Minister of Communications Hiyam Al-Yasiri chaired an expanded meeting that included the companies (Earthlink, Supercell, and FiberX) in the presence of the ministerial team.

During the meeting, fiber optic projects were followed up and the conversion of service subscriptions to electronic via the National Data Center (onboarding) was discussed, as well as the gradual scheduling of Wi-Fi shutdowns with the aim of converting subscribers to FTTH services."

The statement added that "the meeting reviewed mechanisms for expanding the fiber optic network to reach all residential areas, including villages and rural areas," noting that "these steps are part of the minister's strategy to advance the communications and information technology sector and strengthen Iraq's position in the field of digital networks in the service of the public interest." link

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Tishwash:  A congressional delegation arrives in Baghdad for talks with Al-Sudani on stability and deepening relations

Prime Minister Mohammed Shia al-Sudani received a US Congressional delegation in Baghdad on Wednesday, including Republican Representative Darin LaHood and Democratic Representative Steve Cohen. During the meeting, they discussed ways to develop bilateral relations between Iraq and the United States, enhance cooperation in the energy and investment sectors, and discuss regional developments and Iraq's role in supporting dialogue and consolidating stability.

Al-Sudani's office said in a statement:

Prime Minister Mohammed Shia al-Sudani received a delegation from the US Congress today, Wednesday, including two members of the House of Representatives: Republican Darin Lahoud and Democratic Steve Cohen. They discussed developing bilateral relations and ways to enhance them in various fields.

His Excellency welcomed the visiting delegation's visit to Baghdad and commended their efforts to strengthen bilateral relations, particularly within the framework of the Strategic Framework Agreement. He also emphasized Iraq's keenness to enhance joint cooperation with the United States, particularly in the areas of energy and investment.

The situation in the region was reviewed, with the Prime Minister highlighting Iraq's firm and supportive stance toward dialogue to establish security and stability and expand the scope of the relationship to include various sectors.

For their part, the congressional delegation expressed their admiration for the progress achieved in Iraq in terms of construction and stability.

They thanked Iraq for its close cooperation in the fight against terrorism, praised the level of relations between the two countries, and considered them essential to the United States. They described Iraq as an important partner, and affirmed the US administration's desire to cooperate closely with Iraq and work with it to achieve stability throughout the region.   link

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Tishwash:  The International Development Bank launches the first smart branch in Iraq.

 The International Development Bank, one of the largest private banks and a pioneer in banking services and solutions in Iraq, announced the launch of the first smart branch of its kind, enabling banking transactions to be completed fully without the need for staff, 24 hours a day, seven days a week. This step reflects the bank's commitment to digital transformation and promoting innovation in the Iraqi banking sector.

The new branch, located within the International Development Bank's General Administration Building on Abu Nuwas Street in Baghdad, will be accessible to all customers as the country's first fully integrated digital banking experience.

The smart branch provides its customers with a unique way to complete their banking transactions within minutes, whether for individuals, companies, businessmen, investors, entrepreneurs, or content creators. This is achieved through an integrated suite of digital services, including opening bank accounts and deposits, withdrawing and depositing funds, depositing bank checks and requesting the issuance of checkbooks, requesting the issuance of bank cards, transferring funds between accounts, purchasing gold ounces, printing account statements, settling loans, receiving content creator profits, and other innovative services.

The branch also allows customers to speak directly with customer service representatives via audio and video, ensuring a more interactive and flexible banking experience and addressing customer needs immediately.

The Director of Marketing at the International Development Bank, Wissam Al-Amri, stated, "The launch of the smart branch reflects our commitment to placing our customers at the heart of our priorities by providing innovative and easy-to-use banking solutions that enable them to manage their financial needs efficiently and at any time. We believe this step represents a qualitative shift in banking services in Iraq and strengthens the International Development Bank's position as a leader in innovation and digital transformation."

With this pioneering step, the International Development Bank consolidates its position as the first Iraqi bank to launch a smart branch, keeping pace with global developments in the banking sector and affirming its commitment to providing the best financial solutions to its customers  link

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Mot:  . ooooohhh Goodie!!! -- ole ""Mot"" with Marital insight!!!! 

Mot: Mixed Feelings on Dis Un!!! – LOL