“Tidbits From TNT” Tuesday Morning 7-1-2025

TNT:

Tishwash:  Iraq suspends official work next Sunday

Sunday, July 6, 2025, is an official holiday for all ministries and government institutions, coinciding with the tenth of Muharram, the anniversary of the killing of Imam Hussein ibn Ali, the grandson of the Prophet Muhammad and his daughter Fatima al-Zahra, according to the official holidays in Iraq.

The Cabinet Affairs and Committees Department at the General Secretariat of the Cabinet clarified in a statement today, Tuesday, that the holiday came based on the provisions of Article (1/First/C) of the Official Holidays Law (12 of 2024).

Shia Muslims commemorate the martyrdom of Imam Hussein, his family, and his companions in the Karbala massacre, and the commemoration continues until the Arbaeen pilgrimage, forty days after the day of Ashura.  link

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Tishwash:  After being withdrawn for security reasons, a portion of the US embassy staff in Baghdad has returned.

 A portion of the US embassy staff in Baghdad has returned to work after being temporarily evacuated due to security concerns surrounding the war between Israel and Iran.

 A video recording on Saturday showed two helicopters landing at the US embassy compound in the Green Zone in central Baghdad, with a number of employees disembarking from them.

On June 12, the day before the outbreak of the 12-day war between Israel and Iran, the US State Department ordered the withdrawal of non-essential staff from its embassy in Baghdad and its consulate in Erbil.

A US official confirmed that additional personnel were withdrawn later on June 21 and 22.

 On June 21, the US Embassy in Baghdad warned its citizens against traveling to Iraq for any reason.

She explained that both the embassy in Baghdad and the consulate in Erbil have temporarily suspended routine visa services, but remain open for consular services to US citizens.

Some news websites close to armed factions in Iraq had previously reported that all US embassy staff had left the embassy compound last Friday.  link

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Tishwash:  Erbil-Baghdad Salary Deal Nearing Finalization; Oil Export Mechanism Key to Agreement

KRG and Baghdad near deal to resume oil exports and release delayed salaries. A KRG delegation met with top Iraqi officials, including Oil Minister Abdul-Ghani. Baghdad may release May salaries this week; debt to oil firms and export terms remain key issues.

 The Kurdistan Regional Government (KRG) and the federal government in Baghdad are reportedly on the verge of reaching a pivotal agreement that could pave the way for the disbursement of delayed salaries to public sector employees in the Kurdistan Region as early as this week.

According to a well-informed source familiar with the high-level negotiations, a senior KRG delegation has been in Baghdad for three consecutive days holding crucial meetings with Iraqi government officials.

The source, speaking to Kurdistan24’s Dilan Barzan, stated: "A high-level KRG delegation has been in Baghdad for three days and has held a series of top-level meetings with Iraqi government officials. As of 1:00 PM today, Monday, June 30, 2025, the KRG delegation is scheduled to meet with Iraq’s Oil Minister, Hayan Abdul-Ghani, at the Council of Ministers."

One of the central issues under discussion is the mechanism for resuming oil exports from the Kurdistan Region, which were halted following a 2023 ruling by the Paris-based International Court of Arbitration.

The same source told Kurdistan24 that while "Erbil and Baghdad have reached a mechanism for exporting Kurdistan’s oil," several outstanding points of disagreement remain. Nonetheless, expectations are high that a comprehensive agreement will be reached during Monday’s meetings.

Under Iraq’s general budget law, the KRG is required to deliver 400,000 barrels of oil per day to Iraq’s state marketing company, SOMO. However, the current negotiations appear to have adjusted these terms.

The Kurdistan24 source noted: "About 280,000 barrels are to be delivered to SOMO daily, and the remaining 120,000 barrels are to be allocated for internal consumption by both Iraq and the Kurdistan Region."

A major hurdle yet to be resolved is the significant debt owed to oil-producing companies operating in the Kurdistan Region. This debt—estimated to be close to $1 billion—has become a critical issue following the aforementioned court ruling.

"This debt became a sticking point after a 2023 ruling by the Paris International Court. It is hoped that today’s meeting will also resolve this issue, as the companies are unwilling to resume oil exports without first being repaid," the source said.

Meanwhile, optimism remains high that the progress achieved thus far will translate into immediate economic relief for civil servants in the Kurdistan Region.

Sabah Sobhi, a member of the Iraqi Parliament’s Oil and Gas Committee, confirmed to Kurdistan24: "Tomorrow, Tuesday, July 1, 2025, the Iraqi Council of Ministers is scheduled to convene. It is expected that a decision will be made during the meeting to release the salaries of Kurdistan Region employees, with payment for the month of May to be issued by the end of this week."

The potential breakthrough comes after months of tension and repeated negotiations over oil revenue sharing, salary payments, and administrative control, which have strained relations between Erbil and Baghdad. If finalized, the agreement could mark a significant step forward in stabilizing financial relations between the two governments and alleviating public discontent in the Kurdistan Region.  link

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Tishwash:  Uptick in Iraq TIR operations injects fresh momentum into trade flows

Amid threats to transport and trade caused by geopolitical conflicts, IRU’s Secretary General put the spotlight on the continued, and expanding, success of the global TIR transit system at Türkiye’s Global Transport Connectivity Forum 2025.

Polish transport operator the Milton Group recently completed a roundtrip journey from Poland to the Gulf Cooperation Council (GCC) region, via Iraq’s newly operational TIR corridors, in 10 days, compared to 24 days for traditional maritime-based multimodal routes.

TIR operations are also starting from departure points such as Mersin, Türkiye, to the GCC via the Iraqi seaport of Umm Qasr. With TIR, this journey is being completed securely in less than a week, which can take up to 26 days if the ship needs to reroute around Africa.

These are just some examples of what is now possible with TIR via Iraq.

Speaking at the Global Transport Connectivity Forum in Istanbul, IRU Secretary General Umberto de Pretto said, “We have seen a remarkable uptick in TIR transport operations through Iraq, connecting Türkiye with GCC countries, and increasingly, with Iran and beyond.

“The implementation of TIR in Iraq is more than a technical milestone, it is a strategic one. It signals Iraq’s determination to be not just a beneficiary of regional trade, but a key facilitator of it."

At the heart of this ambition is Iraq’s Development Road Project: a transformative initiative that will link the port of Al-Faw in the south to Türkiye and Europe via the north of the country.

“Iraq’s Development Road Project is a statement of intent. A message that Iraq is ready to resume its historical role as a crossroads of civilization, commerce and connectivity. It’s a message that Iraq is now open for business,” said Umberto de Pretto. 

“However, the success of this corridor depends not just on highways and other ‘hard’ infrastructure. It also depends on the ‘software’ of international road transport infrastructure, such as harmonised trade systems, smart borders, and efficient customs regimes. This is where TIR brings tremendous value,” he added.

Beyond the Development Road Project, IRU continues to support the Middle East and Central Asia in building more efficient and resilient transit corridors. IRU is actively promoting the digitalisation of TIR, supporting cross-border training and capacity building, and engaging with governments to simplify transport rules and procedures.

“Despite our progress, we must confront the reality that border bottlenecks, long waiting times, and high transit costs continue to burden trade across the region when TIR traffic is not prioritised. To address these issues, IRU strongly promotes the establishment of TIR-EPD Green Lanes at border crossings,” said Umberto de Pretto.

TIR-EPD Green Lanes use IRU’s electronic pre-declaration tool, TIR-EPD, enabling transport operators to submit cargo information electronically to customs prior to arrival. They have already been successfully implemented in Kyrgyzstan, Moldova, Romania, Saudi Arabia, Turkmenistan, the UAE, and Uzbekistan. TIR-EPD Green Lanes accelerate border crossings by up to 92%, reduce the workload for border officials, and provide greater predictability and security in transport planning.

“The TIR system is not a silver bullet; but it is a powerful enabler. When combined with bold initiatives like the Development Road Project and regional leadership from countries like Türkiye, it can unlock the true potential of global connectivity,” concluded Umberto de Pretto. “Let us work together, not just to move goods, but to move forward.”  link

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Mot:  Finally!!! - A Day Off!!!  

Mot:  Ya Ever Wonder!!!??? 

MilitiaMan & Crew: Iraq Dinar-Government-Central Bank-Supreme Court-Budget-Oil-Salaries

MilitiaMan & Crew:  Iraq Dinar-Government-Central Bank-Supreme Court-Budget-Oil-Salaries

6-30-2025

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

In this insightful video, we delve into the current state of the Iraqi Dinar and the significant developments within Iraq's banking sector.

 Join us as we explore how the Central Bank of Iraq is actively working to strengthen the financial landscape, implementing robust anti-money laundering measures and enhancing transparency.

We'll also discuss the implications of the recent budget law, the anticipated release of funds, and its impact on various sectors, especially concerning salaries for Kurdistan employees.

 Additionally, we examine the critical role of oil exports, non-oil revenues in how they may be shaping Iraq's economy and how fluctuations in this sector can potentially influence the dinar's value.

Moreover, we take a closer look at the recent changes in the leadership of the Supreme Court and what this means for the rule of law and economic policies in Iraq.

Whether you're an investor, a student of economics, or simply interested in Iraqi affairs, this video provides a comprehensive overview of the challenges and opportunities facing the Iraqi economy today.

https://www.youtube.com/watch?v=Pq7-U7J0hNU

Iraq Economic News and Points To Ponder Monday Evening 6-30-25

Fitch Raises Its Forecast For Average Oil Prices By $5 In 2025.

Energy   Economy News - Follow-up  Fitch Ratings has raised its average oil price forecast for 2020 by $5 for both Brent and WTI, to $70 and $65 per barrel, respectively, amid rising geopolitical risks.

The agency also raised its Henry Hub natural gas price forecast for 2025-2027, reflecting increased exports and lower storage levels.  In contrast, Fitch made no changes to its medium-term and mid-cycle forecasts for European oil and gas prices.

The agency explained that the increase in its short-term oil price forecasts was a result of recent geopolitical events in the Middle East.  https://economy-news.net/content.php?id=56824

Oil Prices Fall As Tensions Ease In The Middle East

Time: 2025/06/30 08:56:19 Reading: 690 times  {Economic: Al Furat News} Oil prices fell 1% on Monday, as receding geopolitical risks in the Middle East and the possibility of another OPEC+ production increase in August boosted supply expectations.

Brent crude futures for August delivery fell 66 cents, or 0.97%, to $67.11 a barrel by 00:31 GMT, ahead of the contract's expiration later today. The more active September contract fell 83 cents to $65.97 a barrel.  US West Texas Intermediate crude fell 94 cents, or 1.43%, to $64.58 a barrel.  LINK

The Ministry Of Planning Discusses Progress On The Electronic Automation Project And The Electronic Payment Application.

Monday, June 30, 2025 14:15 | Economic Number of reads: 190  Baghdad / NINA / The Electronic Automation and Electronic Payment Committee at the Ministry of Planning held a consultative meeting on Monday to discuss the progress made in the field of automation and digital transformation, and the measures taken in this framework within the ministry's departments and formations.

A statement by the ministry said, "The meeting addressed the mechanisms for implementing the directives of the Prime Minister's Office regarding the implementation of the electronic payment system, in addition to reviewing the measures taken during the previous meeting with the ministry's formations, and the level of progress in their implementation."

The meeting also discussed the adoption of the government e-mail within the secure government network, to exchange official correspondence between the ministry's headquarters and its branches in the governorates, which contributes to accelerating procedures and enhancing information security.

The statement indicated that "the meeting discussed the procedures related to the central electronic mail system of the Ministry of Planning, which is supervised by the General Secretariat of the Council of Ministers, with the aim of developing and expanding it for use in all the ministry's departments and formations." /End   https://ninanews.com/Website/News/Details?key=1238288

Government Advisor: Local Medicines Will Cover 70% Of The Country's Needs Within Two Years

Money and Business  Economy News – Baghdad  Hamoudi Al-Lami, the Prime Minister's advisor for industry and development affairs, said on Monday that the pharmaceutical localization program is expected to cover 70% of local demand within two years. He also revealed plans to open three factories producing cancer and blood disease drugs this year.

Al-Lami said, "The local pharmaceutical industry is witnessing continuous growth and now covers 40% of the country's need for pharmaceutical products, including cancer-treatment drugs."

He added, "This year will witness the opening of several pharmaceutical factories currently under construction, including three factories specializing in the production of cancer and blood disease medications."

He pointed out that, "over the next two years, local factories' production is expected to cover 70% of the country's need for various types of medicines."

Al-Lami continued, "The volume of contracts for the purchase of local medicines with the Ministry of Health has increased to 600 billion dinars, in light of Prime Minister Mohammed Shia al-Sudani's continued emphasis on the importance of public-private partnerships in the pharmaceutical industry and production."  https://economy-news.net/content.php?id=56825

Find Out The Dollar Exchange Rate In Baghdad.

economy | 06/30/2025  Mawazine News - Baghdad -  The dollar exchange rate rose slightly on Monday at the Baghdad Stock Exchange and money exchanges.

The US dollar exchange rate was recorded at 141,350 dinars for every $100 in morning trading at the main stock exchange in the capital, Baghdad.

The exchange rate in local markets in Baghdad reached 142,500 dinars for sale, while the purchase price reached 140,500 dinars.   https://www.mawazin.net/Details.aspx?jimare=263268

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

“Zeus” Just Made The Most Predictable Crisis In History Even Worse

“Zeus” Just Made The Most Predictable Crisis In History Even Worse

Notes From the Field By James Hickman (Simon Black)  June 30, 2025

It was September 29, 2021— nearly four years ago— that then House Speaker Nancy Pelosi held a press conference about their $3.5 trillion “Build Back Better” spending bonanza.

Despite the outrageously high price tag, Pelosi told reporters at the presser, “the dollar amount [of the Build Back Better bill], as the President said, is zero.”

She then made a little circle with her right thumb and index finger to emphasize her point, pivoting to all the cameras from left to right as if to insist that there was no cost to her $3.5 trillion legislation.

Yet despite defying every arithmetical and logical postulate known to man, the Left went on to repeat this idiotic lie.

“My Build Back Better Agenda costs zero dollars,” tweeted Joe Biden. The bill “will cost zero dollars” said Press Secretary (now MSNBC host) Jen Psaki.

Those on the political Right justifiably lost their minds over such intellectual dishonesty. So it’s ironic that they’re now doing the same thing with their own multi-trillion dollar “One Big Beautiful Bill”.

The Congressional Budget Office’s analysis shows that the One Big Beautiful Bill will add $3 trillion to the national debt over the next decade—on top of the other ~ $22 trillion that they already expect to be added to the national debt between now and 2034.

Well, the Senate’s current rules state that any legislation which adds $3 trillion to the national debt must automatically be subject to more onerous voting requirements.

And these stricter voting requirement will make it almost impossible to advance the legislation through the Senate.

As a result, the Right has decided to do what the Left did in 2021—make up a new form of mathematics to pretend that the bill costs nothing.

Senate Budget Committee chairman Lindsey Graham is in charge of the faux-math: “I’m the king of the numbers,” he declared to reporters. “I’m Zeus, the budget king.”

Something tells me that ‘Zeus’ won’t be awarded the Fields Medal anytime soon for his mythological mathematics.

Now, don’t get me wrong— I like tax cuts. They’re almost always great for growth, which the US economy desperately needs. 

But tax cuts alone don’t get the job done unless there are commensurate spending cuts too. Otherwise the deficits will continue to grow, and America’s fiscal crisis will become ever closer.

We’re written about this a LOT: the United States is headed for a serious crisis— which we project will take place in 2033 at the latest.

Irresponsible, reckless spending is the primary reason why. The US already has a $36 trillion national debt (that is set to explode higher this summer). Even today, the interest bill on the US national debt costs $1+ trillion per year, more than 20% of tax revenue.

By 2033, the government itself projects that the national debt will be at least $55 trillion. At that point, based on their own forecasts, the Treasury Department could spend >40% of tax revenue just to pay interest on the debt.

Oh, and that same year— 2033— Social Security’s biggest trust fund will run out of money, causing an immediate and permanent cut to benefits.

The government will have one way out at that point: pressure the Federal Reserve to expand the monetary base, i.e. to “print” tens of trillions of dollars in order to fund government and prop up Social Security... resulting in a crippling level of inflation.

This is one of the most predictable yet preventable crises in human history. But Congress is not only doing nothing about it, they’re making it worse.

There is another way— one that is conceptually simple.

For starters, Congress could actually do its job and spend responsibly. It’s not like there isn’t a mountain of waste to cut.

They also need to pass much-needed reforms to both Social Security and immigration; the country would be better off if there were an efficient way for smart, talented, law-abiding, hard-working people to become legal residents.

The executive branch, meanwhile, would need to undo mountains of red tape and regulatory sludge that it dumped onto the economy over the past few decades.

I’ve written about this before— “Liberation Day” should have been the day that countless pages of useless, job-killing, productivity-killing regulations were eliminated. This can still happen.

Most importantly, the entire federal government needs to stop its make-believe accounting and show the world (plus American voters) that they are trusted, serious professionals.

It’s bad enough that the US has to sell $2 trillion worth of additional debt each year to fund its annual deficits.

But that’s not even close to the real requirement.

Over the next twelve months, roughly $9 trillion worth of existing US debt securities will mature; this was money that the government borrowed years ago... and will soon come due.

In theory the government has to pay that money back. Naturally they don’t have the funds to do so... so instead they’ll borrow new money to pay back the old loans... essentially refinancing $9 trillion worth of the national debt over the next twelve months.

So realistically they must sell ~$11 trillion in debt over the next twelve months: $9 trillion to refinance existing debt, plus another $2 trillion to cover this year’s budget deficit.

$11 trillion is an enormous amount of money... which means they’ll need every investor possible ready and willing to buy US government bonds.

And that’s a problem. Because right now, foreigners (which own a HUGE chunk of the debt) are aggressively backing away from US government bonds.

That’s a big part of why gold keeps going up—foreign governments and central banks are dumping their US government bonds and buying gold instead.

And who can blame them? It’s hard to take a guy seriously who refers to himself as Zeus and makes up his own arithmetic.

Would you lend money to someone who doesn’t know the difference between ‘free’ and a $2 trillion deficit?

If Washington wants to attract capital and stabilize the economy, they have to start acting like grown-ups. Demonstrate to the world that they can tackle hard problems, cut spending, and govern responsibly.

And right now, they aren’t doing any of that.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/zeus-just-made-the-most-predictable-crisis-in-history-even-worse-153067/?inf_contact_key=6bce3afe055f6630db347792ac647001e0f86069758a2429ff9291df2b7d96e2  

More News, Rumors and Opinions Monday PM 6-30-2025

Gold Telegraph: BIS Warns of Pivotal Moment in the Global Economy

6-30-2025

Several life insurers in India are seeking approval to invest in gold exchange-traded funds (ETFs). Another trend appears to be unfolding.

The President of the United States is encouraging the leader of the Federal Reserve to resign. Well… The pressure is on.

According to the Bank of America, bearishness on the U.S. dollar hit a 20-year high among global fund managers in May.

Note: The world’s second and third largest sovereign gold holders are now considering bringing their gold back home from the U.S.

The movie continues to play.

Global gold reserves from central banks just hit 36,000 tonnes. This is approaching levels not seen since the Bretton Woods era in the 1960s.

 Back then, gold anchored the world financial system. Do you think it’s a coincidence?

The Bank for International Settlements is warning that we have entered a pivotal moment in the global economy, marked by rising uncertainty and declining trust in institutions like central banks. This is the central bank for central banks.

 Trust is fading.

Central banks move markets. Mineral belts move empires. Many people still do not understand this fact. They will eventually.

Source(s):   https://x.com/GoldTelegraph_/status/1938665207582068880

https://dinarchronicles.com/2025/06/29/gold-telegraph-bis-warns-of-pivotal-moment-in-the-global-economy/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat  Article:  “IRAQ IS DEVELOPING PLANS TO DEVELOP ITS TRADE POLICY LOCALLY AND GLOBALLY.”  Quote: "The Ministry of Trade announced plans on Saturday to develop infrastructure by digitizing services to accelerate trade and reduce costs. While indicating that the next phase requires political will and economic stability to prepare Iraq for an effective partnership in the global economy, the Ministry emphasized the need to strike a balance between protecting the national economy and global openness, as well as preparing for accession to the World Trade Organization."

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Television is reminding us Iraqi citizens that starting July 1st all government agencies will not accept any cash payments...The government will not be dealing in any form of cash.  We're going digital. FRANK:  July 1st is interning.  The CBI already does not allow you to use American dollars anymore.  Now they're not even going to allow you to use your 3-zero notes.  They want you to go digital...You can't use physical cash?  If that's true then that means the security and stability of your lower notes has been established...1310 electronically makes no sense to me...

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From Recaps Archives

15 Things To Do If You Get Rich All of a Sudden

Alux:  2020

In this Alux.com video we'll try to answer the following questions:

 What should you do if you gen rich all of a sudden?

What do to if you inherit money?

How to manage a large sum of money?

What should you do if you get rich?

What do to if you win the loto?

How to manage wealth?

How to get wealthy?

 How to maintain being rich?

How to keep your wealth?

How not to lose money?

Why do people go broke after they went rich?

 How do people lose money?

What if you inherit a fortune?

I just inherited a million dollars, what do I do?

 How to you being investing money?

What you should know about money?

https://www.youtube.com/watch?v=TVJOyArnq3s&t=159s

FRANK26…6-30-25…..ALOHA….OIL TESTED

KTFA

Monday Night Conference Call

FRANK26…6-30-25…..ALOHA….OIL TESTED

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=zjH_v1GrdTI

Iraq Economic News and Points To Ponder Monday Afternoon 6-30-25

US Embassy Staff Return To Baghdad After Security Improves

A number of US embassy staff in Baghdad resumed their duties after being temporarily evacuated amid security concerns surrounding the war between Israel and Iran.

A video on Saturday documented two helicopters landing inside the embassy compound in the Green Zone, where a number of staff disembarked, marking a gradual return to diplomatic activity.
The US State Department had ordered the withdrawal of non-essential staff from the embassy in Baghdad and the consulate in Erbil on June 12, a day before the outbreak of the 12-day war.

A US official later confirmed that an additional batch of staff was evacuated on June 21 and 22, at the height of tensions.

The US embassy had warned its citizens on June 21 against traveling to Iraq for any reason and temporarily suspended routine visa services, but it continued to provide consular services to American citizens.

Previous reports from sites close to armed factions in Iraq had spoken of a complete evacuation of the US embassy, ​​but these reports have proven false, with a number of staff now returning amid security reinforcements.   https://www.radionawa.com/all-detail.aspx?jimare=42139

Iraq Ranked Fourth In Economic Growth Among Arab Oil-Producing Countries By 2025.

Money and Business  Economy News – Baghdad   The International Monetary Fund reported on Sunday that Iraq ranked fourth among Arab oil-producing countries with the best economic growth in 2025.

The fund stated in statistics reviewed by Al-Eqtisad News that "Iraq came in fourth with a growth rate of 4.1%, up from 0.1% in 2024."

He explained that "Libya topped the list with economic growth of 13.7%, followed by the UAE with 5.1%, Saudi Arabia with 4.6%, and Algeria came in fifth with 4%."

The fund added that "Kuwait recorded a growth rate of 3.3%, ranking sixth, followed by Bahrain with 3.2%, then the Sultanate of Oman with 3.1%, and Qatar in ninth place with 1.9%." https://economy-news.net/content.php?id=56770

Iraq's Oil Exports To The US Have Declined.

Energy  Economy News - Follow-up  The US Energy Information Administration announced on Sunday that Iraq's oil exports to the US declined last week.

The administration stated in its statistics that "the average US crude oil imports during the past week from 10 major countries reached 5.236 million barrels per day, an increase of 272 thousand barrels per day from the previous week, which reached 4.964 million barrels per day."

She added, "Iraq's oil exports to the United States averaged 183,000 barrels per day, down 30,000 barrels per day from the previous week's average of 213,000 barrels per day."

The administration also noted that "the largest US oil revenues during the past week came from Canada, at a rate of 3.168 million barrels per day, followed by Mexico, at a rate of 397,000 barrels per day, Saudi Arabia, at an average of 346,000 barrels per day, Colombia, at a rate of 325,000 barrels per day, and Brazil, at a rate of 299,000 barrels per day."

According to the table, "US crude oil imports from Libya averaged 240,000 barrels per day, from Nigeria 209,000 barrels per day, from Venezuela 70,000 barrels, and from Ecuador 5,000 barrels per day."
207 views  Added 06/29/2025 - https://economy-news.net/content.php?id=56750

For Its Role In Credit And Anti-Money Laundering, Al-Ahli Bank Of Iraq Wins The "Fastest Growing Bank 2025" Award.

Banks  Economy News – Baghdad  The National Bank of Iraq announced that it has won the "Fastest Growing Corporate Bank in Iraq 2025" award from the International Finance Awards.

The bank said in a statement, "This win is in recognition of the bank's outstanding financial performance and successive achievements, as its total assets have reached approximately 5.2 trillion Iraqi dinars, supported by a strong capital base with a paid-up capital of 520 billion dinars, and recording continuous growth and an increasing market share.

" It indicated that "this honor also reflects the bank's success in achieving an increase in its total revenues and a rise in its net profits, which confirms its sound financial strategies and risk management."

He explained that "the bank excelled in providing a comprehensive suite of banking services and solutions specifically designed to meet the needs of companies and institutions, leading to a significant expansion of its credit facilities portfolio and a growing number of corporate clients.

Its efforts in digital transformation and modernizing its technological infrastructure, including the implementation of the Temenos T24 system and the activation of its anti-money laundering system, were also key factors in its evaluation of the award."

He explained that "the bank has a wide network of branches comprising 38 locations covering various Iraqi governorates, in addition to more than 350 ATMs. Today, it serves more than 400,000 individual and corporate customers, supported by a professional team and strategic partnerships with a number of local and international institutions."

Commenting on this achievement, Ayman Abu Dahim, Managing Director of the National Bank of Iraq, said, "Winning this prestigious award reflects the collective effort and meticulous planning we have adopted over recent years.

We have worked to build a strong foundation for corporate banking, supported by strong financial performance, expanding our network of relationships with the corporate sector, and developing financial solutions that meet their renewed aspirations."

Abu Dahim affirmed the National Bank of Iraq's commitment to continuing its distinguished performance by investing in banking technology, enhancing transparency and governance, and creating flexible and effective solutions that support sustainable growth for its customers and the Iraqi community.

He expressed his pride in the bank's position as one of the most prominent drivers of growth in the banking sector in Iraq and the region.

The National Bank of Iraq is a leading institution in retail banking and payroll services, serving both the public and private sectors. It also offers a comprehensive range of distinguished services designed to meet the needs of companies of all sizes and sectors, including, but not limited to, documentary credits, letters of guarantee, foreign transfers, banking facilities, and specialized cash centers.

To enhance the customer experience, the bank provides a 24/7 call center, in addition to a dedicated relationship manager to serve each customer individually, ensuring a prompt and effective response to all inquiries and needs.

It's worth noting that the bank has received strong financial ratings from internationally recognized agencies, including a BB rating from Capital Intelligence and a B3 rating from Moody's. Additionally, the Central Bank of Iraq has rated the National Bank of Iraq as "very good," confirming its operational excellence.

With a strong focus on international banking and trade finance, the bank has built an extensive network of correspondent banks, positioning it as a gateway for companies to connect to global markets.  367 views Added 06/29/2025 - https://economy-news.net/content.php?id=56765

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 6-30-25

Good Afternoon Dinar Recaps,

BRICS Aims To Topple US Dollar With a Currency That Doesn’t Exist

While headlines claim that a new BRICS currency is poised to dethrone the U.S. dollar, the reality tells a very different story: the currency doesn’t exist—at least not yet. What is being presented as a revolutionary step in de-dollarization is, for now, a political spectacle without substance.

A Currency Born From Hype—Not Policy

During the 16th BRICS summit in Kazan, Russian President Vladimir Putin unveiled what appeared to be a new BRICS banknote. The dramatic reveal sparked headlines and speculation about a fast-tracked effort to create a common currency for cross-border trade.

However, after inquiries from journalists, officials clarified that the bill was merely a mock-up, a publicity stunt with no real monetary backing. According to sources close to the event, the display was designed to “grab eyeballs,” rather than mark any true policy milestone.

In truth, no such BRICS currency exists—and no concrete development is underway.

India Confirms: Currency Talks Are Still in Infancy

Adding to the confusion, India’s BRICS Sherpa recently admitted that talks on a shared currency are still in “very early stages.” No drafts have been circulated. No frameworks have been agreed upon.

And more importantly, India has already signaled strong opposition to a shared banknote with China. Officials in New Delhi have expressed concerns that such an arrangement would serve Beijing’s interests disproportionately—undermining India’s own monetary autonomy and risking significant economic repercussions.

“India cannot support a currency that helps China undermine the U.S. dollar while harming its own economic base,” analysts noted.

Internal Friction Undermines BRICS Currency Ambition

Despite public declarations of unity, deep cracks within the BRICS bloc threaten the future of any shared currency:

▪️ India opposes China-led monetary dominance.
▪️ No operational design or reserve structure has been proposed.
▪️ National interests remain divided across economies that rely on USD-based trade.

Even if the BRICS currency materializes in the future, internal disunity could doom it from the start. Without alignment from key players like India, any such currency may lack credibility and liquidity in global markets.

Conclusion: BRICS Currency Remains a Phantom

The BRICS alliance may be vocal about challenging the U.S. dollar’s supremacy, but as of now, their most potent weapon—a shared currency—is purely fictional. The Kazan summit offered more theater than substance, and the much-hyped “BRICS banknote” remains a symbolic gesture rather than a real instrument of change.

For now, the BRICS currency is more myth than monetary threat.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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The Hidden Financial Reset: How Basel III Quietly Divided the World

The Hidden Financial Reset: How Basel III Quietly Divided the World

Miles Harris:  6-30-2025

It’s not de-dollarization. It’s not collapse. It’s a redesign — a regulatory one — that’s driving a hidden financial reset.

No tanks. No headlines. Just a quiet change in banking rules — and suddenly, the global financial system is reset into two.

Basel III flipped the script. In the West: gold sidelined, debt supercharged.

 In the East: a quiet buildup of gold and digital escape hatches. Two systems. One breaking point?

Since the 2008 financial crisis, banking regulation has gone through a quiet revolution. It didn’t make headlines. It didn’t trigger protests. But it redrew the incentives that shape how central banks and commercial banks manage money — and it did so in a way that now reveals a growing divergence between East and West.

00:00 Intro

01:23 Basel II Vs. Basel III

04:23 The Strategic Impact

 04:58 Summary of the Regulatory Shift

 06:53 The Bigger Picture

07:53 Summary

https://www.youtube.com/watch?v=hsRgTu5UEFg

Monday Coffee with MarkZ. 06/30/2025

Monday Coffee with MarkZ. 06/30/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Monday Mark, Mods and Rv’ers

Member: It’s the last day of June. Tomorrow is the first day of the third quarter and the day Basel 3 banking laws are supposed to start worldwide.

Member: Is today our day????

MZ: that’s a heck of a question. I will tell you what I am hearing. I did get a bond update this morning which is unusual for a Monday morning.

MZ: There are some folks with some “historical assets” that are very set with appointments and timing. . Including really big transfers. I am waiting for another update today. These appointments will happen this week. I do not know times for security…..it’s big money. One of these deals is a trillion dollars that is expected to close this week.

MZ: buckle up folks. When it goes…..we will also go pretty soon……. I am upbeat but trying to stay calm.

Member:  It is interesting to me that Trump mentioned a deadline of July 9th and the Iraqi Parliament is supposed to go back into session on July 9th

Member: My bank sent me an email last Friday stating that as of 07-14-2025 all financial institutions will adopt ISO 20022.

Member: There is a big BRICS meeting July 6-7

Member: Mark, has your bankers talked about the USN notes?

Member: New Message from credit union, "coming soon'--view all your accounts in one login, streamlined, secure, personalized digital accounts to handle all your banking needs.

Member: Bank story. Neighbor laid off along with others ...Bank said moving to Financial assistance instead of banking service

Member: Is the belief that the RV happens after an economic crash because it’s the final blow to the cabal bankers or does the RV happen just at any moment?

Member: Wish we knew

Member: Mark! Now that the oil is supposedly flowing in the middle east for the Kurdistan region, did they not have to approve the rate prior to the flow?

MZ: “Iraq is witnessing security, stability and economic progress today” these are some of the sound bites we were told to look for- just before they changed their value.

MZ: ” The Budget is behind the walls of the government and awaiting release. Parliament is awaiting”  They are now saying it is complete and Sudani is to release it.

MZ: I have told you my theory that Sudani has been holding up the budget waiting for the rate change. To me this makes the most sense.

Member: Dear Sudani please make that soon

Member: Iraq goes digital tomorrow, hopefully new rate tomorrow

Member: (From Dinar Guru) Walkingstick [Iraqi Bank friend Aki update] AKI:  Three meetings.  The last meeting lasted two hours.  My boss tells me, 'I need you back at the bank [In Dearborn Michigan] this Monday because we are waiting on the new exchange rate.'  I have to go back because we're waiting for the new rate. WALKINGSTICK:  That's the only thing they're waiting for.  They already got all the banking software in place, ATM machines, the bank structures, all the bank regulations are set...

MZ: I am hearing similar things from my contacts…I am just trying to stay calm right now.

MZ: Some IRS news. Their deferred resignation day is today. This is where employees can take advantage of “early retirement” some are reporting that up to 50% of collection staff are leaving and taking that early resignation.  So a mass exodus is expected at the IRS today.

Member: I live in a small town…closest big town is 3 hours away…..wondering how far I will have to go to exchange?

MZ: I was told 90% of the population of the US would have redeeming banks/redemption centers within 50 miles

Member: IMO its worth a long drive…..my car is gassed up and ready to go.

Member: when the rate changes-will it be on the CBI or forex first?

MZ: If they do it like they did in Kuwait-neither. Kuwait quietly went- but did not publicly release rates for 10 days. I do not think they can do that in today’s internet world. My guess is it will show on the CBI site just moments before its on forex. This is just a guess.

Member: Im hoping we get our big day on July 4th…..the fireworks would be epic to celebrate our RV!!!

Member: Thanks all Mods for being here for all of us

Member: Have a great day. Everyone stay safe and cool.

Member: JUST SO YOU KNOW> > >THERE IS NO PODCAST TONIGHT> > SO SWEET DREAMS TO YOU!!!

Ron the inventor joins the stream after the news. Listen to the replay for his information

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:   https://www.youtube.com/watch?v=R4ZbY5cqvxk

News, Rumors and Opinions Monday 6-30-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 30 June 2025

Compiled Mon. 30 June 2025 12:01 am EST by Judy Byington

Judy Note: (Opinion/rumors) 

A huge step will be taken toward Freedom and Independence for the common citizen when Trump’s “Great Big Beautiful Bill” is finally passed by Congress. Such will complete demise of the Deepstate Globalist’s Federal Reserve and IRS – already ruined by the military’s reclamation of $17 trillion worth of gold from Asia and Europe.

This stolen gold was returned to safe depositories around the World, but mainly to the new US Treasury – where it made the new gold/asset-backed US Note become part of the World’s Quantum Financial System (QFS).

Establishment of the QFS began in earnest back in 2008 with the so-called Mortgage Crisis – which was in reality finalization of the Deepstate Cabal’s bankruptcy on the fiat US Dollar. The BRICS nations (Brazil, Russia, India, China and South Africa) got together and decided the fiat US Dollar wasn’t working as a basis for international trade. So, they evaluated the worth of 209 nation’s currencies according to the individual country’s natural resources and gold holdings.

Now with the fiat US Dollar officially dead and buried, along with the Federal Reserve and IRS’s demise, upon Congressional passage of Trump’s “Great Big Beautiful Bill,” the final piece of the puzzle would be in place for that GCR to take place.

Passage of the “Beautiful Bill” would effectively eliminate the fiat US Dollar and erase illegitimate debt and interest linked to fiat currency. The Bill also would allow a Quantum Access Card to be legally recognized for citizen access to the new Quantum Financial System. Most important, the Bill would eliminate US income tax, while switching America’s tax base to a tariff-based income from purchases on new items only – none on food or medicine.

~~~~~~~~~~~~~

Wed. 25 June A2Z Update: A2Z Dreamz Team has vetted and believes all updates in this summary to be true:

Forex Activity: Rate suppression appears to be lifted. New rates have been briefly visible on multiple platforms. The system has passed the point of no return.

Funding Underway
• Mr. Salvage: Pentecostal group is (allegedly) actively dispersing funds.
• MarkZ: Bond holders are (allegedly) being paid today.
• Zester: Travel funds are (allegedly) being dispersed.
• Military confirmation: (allegedly) Bondholders are fully liquid; whales and 4A SKRs are next.

Reno Movement: Increased private jet traffic reported

Trigger Groups: trigger groups have(allegedly)  been activated and are receiving funds

4A & 4B expected to roll out within minutes or hours of each other.
• Large firms and banks confirm liquidity is in place.
• Bankers say everything is complete — no further delays expected.
• If not released now, a restart would be required, which markets won’t allow.

~~~~~~~~~~

New Quantum Financial System:

Sat. 28 June 2025: BREAKING INTEL: MILITARY GESARA EXECUTES THE GREAT RESET BLUEPRINT — 30+1 CLASSIFIED PROTOCOLS EXPOSED – amg-news.com – American Media Group

Sun. 29 June 2025: GCR INTEL DOSSIER | FINANCIAL SHOCKWAVE REPORT | “OPERATION SANDMAN HAS BEGUN: 100+ NATIONS MOVE TO OBLITERATE THE DOLLAR — GLOBAL RESET UNDERWAY” – amg-news.com – American Media Group

Fri. 27 June 2025: https://dinarrecaps.com/our-blog/emergency-massive-silver-delivery-failure-coming-in-72-hours 

Read full post here:  https://dinarchronicles.com/2025/06/30/restored-republic-via-a-gcr-update-as-of-june-30-2025/

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

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   They are on high alert starting this Monday.... Could be Tuesday...Wednesday...I don't know...

Frank26    [Iraq boots-on-the-ground report]   FIREFLY:   They're saying right now on TV the deal they were working on [with Kurdistan] is imminent and it will settle all disputes on oil and salaries.  If that is true we have a new rate because that's the only reason why there was a dispute.  FRANK:  The only thing that can settle all of these disputes in your country is the removal of Iran's politicians which has been accomplished.  The only way to settle it now is by making money.

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

FRANK26….6-29-25….ALOHA….FLOWING

https://www.youtube.com/watch?v=4tX609SIIqk

SILVER ALERT! Riggers Brace for July Deliveries! Ready to LEASE Silver to Naked Shorts!

(Bix Weir)  6-28-2025

The COMEX con is never ending as Silver Leasing to COMEX naked shorts has been the best way for the Riggers to "Kick the Can" into the next month! If it works again then they lose even MORE PHYSICAL SILVER!

https://www.youtube.com/watch?v=UaNvyKiCVN4

Iraq Economic News and Points To Ponder Monday Morning 6-30-25

From The Central Bank: Initial Indications Of An Impending Economic Recession In Iraq
 
Baghdad Today – Baghdad  Economic expert Manar Al-Obaidi revealed on Thursday (June 26, 2025) that the  Central Bank of Iraq recorded a 4% decline in total US dollar sales during the first five months of 2025, compared to the same period in 2024. He warned that this decline could be an early indicator that the Iraqi market is entering a recession.

Al-Obaidi said, in a clarification followed by "Baghdad Today," that "the Central Bank's total dollar sales amounted to $31.5 billion during the first five months of 2025, a decrease of approximately $1.3 billion compared to sales during the same period in 2024, which amounted to $32.9 billion."

He pointed out that "the decline was primarily concentrated in cash dollar sales, which fell by 17%,
reaching only $1.3 billion compared to $1.55 billion last year, while dollar sales via the "Currency Balances Enhancement" mechanism saw a 38% increase, reaching $30.2 billion, compared to $21.9 billion in the corresponding period."

 Al-Abidi added, "The direct foreign transfer mechanism, previously used under what is incorrectly known as the 'auction,' has completely halted this year, after recording $9.4 billion in the same period in 2024."

He explained that "dollar sales used to settle international payments via electronic cards declined from $1 billion in January to just $261 million in May, due to restrictions imposed by the Central Bank and the inability of some banks to complete settlements."

Al-Obaidi emphasized that "this decline in sales, despite the decline in the exchange rate on the parallel market, reflects a decline in commercial demand and economic activity, which increases the likelihood of an economic recession, especially with inflation rates falling to 1.1% in April 2025, the lowest level in years."      https://baghdadtoday.news/277366-.html    

The Central Bank Concludes A Course On Basic Standards For Detecting Counterfeit Currency.

 June 29, 2025  The Central Bank of Iraq's Basra branch concluded the "Basic Standards for Detecting Counterfeit Currency" course.   The course, organized by the Central Bank's Banking Studies Center, lasted three days, from June 23-25, 2025.

 The course was attended by 13 government and private banks from the southern governorates.

 It also covered key aspects related to recent developments in  detecting counterfeit currency and its      basic standards.

For their part, the participants praised the training courses organized by the Central Bank of Iraq for their significant impact on developing their job performance.   Central Bank of Iraq   Media Office June 29, 2025 https://cbi.iq/news/view/2921

Iraq Seeks To Reduce Gas Flaring To Zero.
  
Energy  The Ministry of Oil announced on Wednesday the government's efforts to
     increase associated gas investment rates and
     reduce flaring rates,
     achieving zero flaring, while also
     increasing liquefied natural gas production and exports to
     generate additional revenue for the state treasury.
 
“The government and the ministry are keen to
     increase the investment rates of associated gas from oil fields and work to
     reduce gas flaring to low levels, leading to
     zero flaring in the next few years,

in addition to
     increasing the production and export rates of liquefied gas to
     generate additional revenues for the state treasury,” said Ezzat Saber Ismail, Undersecretary of the Ministry of Gas Affairs, during a leadership meeting for the gas sector, attended by heads of relevant companies and departments at the ministry’s headquarters. 

He added,  "The gas investment sector has achieved advanced levels of production, as national companies have been able to raise gas investment quantities to 71%, through the implementation of a number of projects that aim to achieve the Ministry's plans in this regard."

 He pointed to "the interest the gas sector receives from Prime Minister Mohammed Shia al-Sudani and Oil Minister Hayan Abdul-Ghani al-Sawad," expressing his hope that
 
"the ministry will achieve its goals through projects implemented by national companies in cooperation with specialized international companies, particularly in the Maysan, Buzurgan, Gharraf, and Nasiriyah fields in Dhi Qar, Artawi, Nahr Bin Omar, and the integrated gas project with Total in Basra, in addition to the projects of the fifth licensing rounds."
 
The Undersecretary of the Ministry stressed the
     "need to enhance liquefied natural gas storage capacity by
     accelerating the implementation of ongoing and planned projects in a number of governorates,
     in order to strengthen the integrated infrastructure of this sector,
 
which has witnessed significant achievements in projects to
     increase production, storage, export capacities, and distribution outlets." He explained that
 
"the Ministry has recently succeeded in implementing a number of gas pipeline projects to power plants, which aim to achieve high flow rates in the transport and pumping of gas."

The statement added,  "The meeting included a review of the
     projects being implemented within the ministry's programs and plans, the
     percentages of completion achieved, dry and liquid gas production rates,
     storage energy projects, the  pipeline network, and
     gas transportation to power plants, in addition to the topics included on the agenda."  
views 143     Added 06/25/2025 - https://economy-news.net/content.php?id=56606  

The Dollar Continues To Decline In Baghdad Markets.

Economy | 11:54 - 06/29/2025   Mawazine News - Baghdad -  The US dollar exchange rate witnessed a slight decline in Baghdad's local markets on Sunday.

The dollar price fell on the Al-Kifah and Al-Harithiya stock exchanges to 141,250 Iraqi dinars for every $100, while yesterday, Saturday, it recorded 141,300 dinars for every $100.

The selling prices in the exchange sector in Baghdad's local markets also recorded stability, as the selling price reached 141,300 Iraqi dinars for every $100, and the buying price reached 140,800 dinars for every $100.   https://www.mawazin.net/Details.aspx?jimare=263230

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

Seeds of Wisdom RV and Economic Updates Monday Morning 6-30-25

Good Morning Dinar Recaps,

The End of Bank Branches: How Europe’s Digital Euro and Stablecoins Are Reshaping Finance

The financial world is undergoing a radical digital shift—and physical bank branches are quickly becoming obsolete.

Banking Faces a Digital Reckoning

The slow disappearance of local bank branches across Europe reflects a much deeper transformation. Digitalization, AI, and automation are now reshaping how we work, shop, and save—leaving traditional banking struggling to keep pace.

▪️ In Germany, over 560 branches were closed in 2023 alone, a 2.8% drop.
▪️ This is part of a decades-long contraction: from nearly 60,000 branches in the 1990s to just 18,933 today.
▪️ High rents, shrinking populations, and the dominance of e-commerce have hit brick-and-mortar services hard.

The quiet death of Germany’s bank branches is just one symptom of this evolution—but it's a global story now playing out in real time.

Deutsche Bank: Leading the Downsizing

In March, Deutsche Bank announced a wave of layoffs and branch closures.

“We are witnessing a fundamental transformation in the German banking sector,” said CEO Christian Sewing.

▪️ The bank will cut 2,000 jobs and shutter a “significant number” of branches this year.
▪️ Client consultations are moving to video calls and digital platforms, trading human interaction for efficiency.

This paradigm shift threatens the personal trust built through face-to-face banking—once considered the bedrock of retail finance.

Crushed by Policy, Not Just Progress

Technological change is not the only culprit. The European Central Bank’s (ECB) ultra-loose monetary policy has had devastating effects:

▪️ More than a decade of negative interest rates crushed banks’ ability to earn profit through traditional lending.
▪️ Banks were squeezed by regulatory costs, penalty interest, and flattened yield curves.
▪️ The ECB’s moves helped heavily indebted Eurozone countries like Spain, Italy, and France—but at the expense of private banks and savers.

The branch closures, layoffs, and pivot to digital aren’t just market-driven—they are also policy-driven.

Stablecoins and the Digital Euro: The Final Blow?

The next major disruption comes from stablecoins and the proposed digital euro—two innovations that could sideline banks entirely.

▪️ Stablecoins, pegged to fiat currencies, offer fast, low-cost global payments—no need for banks or wire transfers.
▪️ DeFi (Decentralized Finance) lets users transact via smart contracts, bypassing traditional credit and payment systems.
▪️ As adoption spreads, the need for checking accounts, branches, and bank-issued cards may vanish.

The digital euro, being developed by the ECB, may deliver the final push:

▪️ It’s programmable, blockchain-based, and bypasses commercial banks entirely.
▪️ Retail customers could hold digital euros directly in digital wallets—making bank intermediaries irrelevant.
▪️ Bank branches, long seen as hubs of trust and cash access, could become completely redundant.

A New Financial Era

Europe's digital currency ambitions and the rise of decentralized technologies signal a permanent departure from legacy banking infrastructure. In this new landscape:

• Banking becomes faster—but more impersonal.

• Traditional financial institutions lose control.

• Retail customers migrate to central bank-backed platforms.

The local branch, once a staple of every town square, may soon be no more than a memory.

@ Newshounds News™

Source: ZeroHedge

~~~~~~~~~

US Dollar Faces Historic Stress Test as BIS Issues Dire Warning on Global Fragility

The U.S. dollar, long considered the world’s most reliable safe haven, is facing a historic credibility crisis as global financial trust deteriorates. Amid rising policy turbulence in Washington, the Bank for International Settlements (BIS) has issued a stark warning on the fragility of the global economic order.

BIS: “New Era of Heightened Uncertainty”

At the BIS Annual General Meeting in Basel on June 29, General Manager Agustín Carstens declared that a once-promising recovery is now faltering.

“The global economy has entered a new era of heightened uncertainty,” Carstens warned, noting a reversal from earlier optimism driven by easing inflation and modest growth.

The catalyst: U.S. policy chaos. A sudden pivot toward broad-based tariffs and aggressive fiscal expansion has shocked global markets—undermining confidence and weakening the dollar’s standing.

Dollar Depreciates as Yields Rise—An Alarming Signal

“The US dollar depreciated even as government bond yields rose—an extraordinary, troubling combination,” Carstens stated.

▪️ Typically, rising yields strengthen the dollar.
▪️ This time, however, investors fled the currency, shaken by erratic policy shifts and unpredictable rhetoric from Washington.
▪️ Market volatility soared, and the dollar’s safe-haven image cracked.

Carstens added that discussions about penalizing foreign holders of U.S. securities, challenges to central bank independence, and legal system uncertainty further deepened the crisis.

Structural Risks and Global Fragility

Carstens emphasized that the world’s financial system was already under stress:

• Weak productivity growth

• Unsustainable fiscal positions

• The rise of unregulated non-bank financial institutions (NBFIs)

Now, tariff-driven trade fragmentation is making matters worse, fueling inflation and limiting economic flexibility.

“These measures often fail to achieve intended goals and instead deepen structural challenges,” Carstens warned.

He called for credible reforms aimed at:

▪️ Reducing trade barriers
▪️ Improving regulatory clarity
▪️ Investing in public infrastructure to support sustainable growth

A Call for Financial Reform in the Digital Age

Carstens also turned his focus to emerging technological threats and opportunities:

“Major innovations like the entry of big tech into finance, central bank digital currencies, and artificial intelligence are challenging and reshaping the financial system.”

He warned that unregulated innovation could magnify systemic risk, particularly if NBFIs continue to operate without proper oversight.

To meet this moment, Carstens proposed a new global financial architecture built on:

▪️ Tokenized central bank reserves
▪️ Government bonds integrated into digital ecosystems
▪️ Stronger oversight parity between banks and non-banks

The goal: restore trust, increase transparency, and future-proof global finance.

Conclusion: A Turning Point for the Dollar

As market dynamics shift and investor confidence wanes, the dollar’s status as a global safe haven is being seriously questioned for the first time in decades. The BIS’s warning is clear: without serious reform, the world may be heading into a prolonged era of economic instability and fragmentation.

The dollar isn’t just facing market pressure—it’s confronting a global reckoning of trust.

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

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