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

Government Program And Economic Policies Revive The Dinar
 
Economic 07/28/2025  Baghdad: Anwar Ayed   In its third year of implementation,  the government program continues to make steady progress toward achieving its economic goals, despite the complex challenges posed by regional and international realities, particularly regarding the  threat of war,fluctuations in energy markets, and volatile global economic cycles.
 
However, national growth indicators remain evident across various infrastructure sectors,
supported by remarkable levels of economic stability, most notably the annual inflation rate remaining below the 3 percent mark.

This indicates the ability of economic policy to absorb shocks and  manage resources relatively efficiently.
 
qualitative transformations 
 
In this context, Dr. Mazhar Mohammed Saleh, the Prime Minister's financial advisor, told Al-Sabah that the parallel currency market has witnessed a qualitative transformation over the past period.
 
Previously, it was governed by "noisy patterns" that generated sudden price fluctuations.
 
Today, it has become more stable and is gradually being driven by the official market. 
 
Saleh attributes this shift to the effective coordination between fiscal, monetary, and trade policies,
     which contributed to the flow of accurate and well-thought-out information signals,
 
enabling the market to shift from a state of volatility and speculation  to a calmer trading environment more in line with the country's economic reality.
 
Integrated procedures 
 
Saleh adds that this positive shift is the result of a series of integrated measures that have contributed to narrowing the gap between the official and parallel dollar rates,  most notably the strict legal ban on dollar use in domestic transactions,  particularly in the real estate market,  which is one of the most sensitive sectors. 

He added,  "The transition to a mechanism for financing foreign trade through global correspondent banks, rather than relying exclusively on the central bank's window, has contributed to reducing compliance risks and decreasing reliance on the informal market."
 
Another factor that has contributed to enhanced market stability, the advisor said,is the entry of small importers into the official dollar financing network,  without the need for money exchange companies.
 
This has facilitated their access to foreign currency at direct official exchange rates,
especially since their trade represents approximately 60 percent of the private sector's foreign trade.
 
Administrative facilities 
 
Dr. Saleh points out that this transformation was achieved through administrative facilitation provided by the government and the reduction of bureaucratic loopholes  that previously hindered import financing and implementation.  

The financial advisor emphasized that the expanding use of electronic payment cards in foreign currency,  particularly among travelers, has been an additional factor in reducing pressure on the cash dollar,     given the availability of cash allocations at the official exchange rate   through banking outlets located throughout airports, and  with flexible and organized compliance mechanisms.

He pointed to the role played by cooperative societies, food baskets, and construction goods,  which are imported in dollars at the official exchange rate of 1,320 dinars,  in supporting the price stability policy.
 
This has enabled the government to use trade as a tool to achieve monetary stability, as part of an integrated strategy for economic policies in implementing the government program.
 
Fluctuations in the US economy
 
In contrast, financial and economic expert Dr. Safwan Qusay pointed out that the Iraqi dinar, despite its relative resilience,  remains vulnerable to the effects of global markets and fluctuations in the US economy. Speaking to Al-Sabah, he pointed out that the new customs restrictions imposed by the US administration on some imports have weakened exports from key countries such as China, Japan, the European Union, and Canada.
 
This has led to a relative decline in the value of the US dollar globally, which opens the way for the Federal Reserve to consider reducing interest rates, which could negatively impact the dollar's attractiveness as a reserve currency.
 
Qusay believes that the Iraqi market is often subsequently affected by these shifts, which may partly explain the recent decline in the dollar's price in the informal market, due to the potential entry of cash dollars into Iraq  via neighboring countries amid these changes.
 
strong bumpers
 
Qusay warns that the continued decline in the value of the dollar could pose future risks to the central bank's reserves, especially with an increasing number of countries  diversifying their reserves away from the US dollar and  resorting to gold or other currencies.

However, Qusay emphasized that  Iraq still possesses strong buffers that protect it from these risks,  most notably its massive dollar reserves at the central bank and its possession of more than 116 tons of gold,  which is also witnessing a rise in value globally. He also points out that current oil prices remain at levels sufficient to ensure the stability of the dinar in the long term. near.
 
Qusay believes that maintaining this stability requires the Central Bank to review its reserve anagement strategies and   ensure they are not affected by dollar fluctuations. He also believes that
 
it is necessary to accelerate steps to diversify the economy and  control revenues and expenditures  to avoid any potential repercussions of the dollar's decline on the value of the Iraqi dinar.     https://alsabaah.iq/118107-.html  

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

The administration's approach has been systematically supportive of the cryptocurrency industry.

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

Bitcoin, as a global digital asset traded on U.S. exchanges and held by U.S. institutions, falls within this sphere of influence.
 
The Iraqi Dinar, however, is governed by Iraq's Central Bank and monetary policy, which operates independently of U.S. cryptocurrency regulations.
 
 Asset Classification: Bitcoin is treated as a digital commodity and investment vehicle, making it responsive to regulatory changes that affect investor sentiment and institutional adoption.
 
The Iraqi Dinar functions as a national currency with exchange rates determined by economic fundamentals such as  oil revenues, trade balances, and  monetary policy decisions.

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

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

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

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

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

Good Morning Dinar Recaps,

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

Federal Greenlight Incoming: 6 Crypto Banks Await OCC Approval

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

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

The Applicants: Crypto and TradFi Heavyweights

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

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

• Ripple National Trust Bank – Filed July 2

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

• Erebor Bank, N.A. – Filed June 12

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

• National Digital Trust Co. – Filed May 28

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

OCC Signals Regulatory Shift: Interpretive Letter 1183

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

• Custodying crypto assets

• Managing stablecoin reserves

• Running blockchain nodes

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

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

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

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

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

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

Implications: A Unified Path for Crypto Banking

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

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

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

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

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

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

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

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

How It Works: Seamless, AED-Denominated Crypto Brokerage

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

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

• No foreign exchange or remittance fees

• Custody and execution under regulatory compliance

• Mobile app integration for direct access from Rakbank accounts

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

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

Strategic Vision: UAE as a Blockchain and Crypto Hub

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

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

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

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

Regulatory Tailwinds: UAE's Pro-Crypto Posture Strengthens

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

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

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

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

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

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

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

@ Newshounds News™

Sources:

• Cointelegraph

• Bitcoin.com

~~~~~~~~~

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FRANK26…7-28-25….ALOHA….INTEL

KTFA

Monday Night Video

FRANK26…7-28-25….ALOHA….INTEL

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=rdXPUk56drs

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

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

7-28-2025

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

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

Join us as we explore key topics, including:

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

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

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

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

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

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

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

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

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

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

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

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

The Dollar Exchange Rate In Baghdad And Erbil Remains Stable.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Iraqi Oil Maintains Gains At The Start Of Weekly Trading.

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

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

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

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

4 Simple Money Habits From Mark Cuban That Could Transform Your Life

4 Simple Money Habits From Mark Cuban That Could Transform Your Life

Peter Burns  Sat, July 26, 2025   GOBankingRates

For those trying to build wealth, Mark Cuban is a perfect example of how to get it done. From living in a shabby apartment with roommates to currently having a net worth of $6 billion, Cuban has made smart money moves that paid off big.

While some of the moves he made to get to where he is were complex, he used a lot of simple strategies as well. Here are four of Cuban’s most helpful money habits that can help you improve your finances.

Don’t Use Credit Cards

When asked about credit cards, Cuban has repeatedly said, “If you use your credit cards, you do not want to be rich.” It’s a valid point, as credit cards have left many in crippling debt. In 2024, the average consumer debt from credit cards was $6,730 per person. Adding a high interest rate to that amount each month can quickly derail any attempts you’re making to build wealth.

Cuban said the best way to invest is to pay off your credit cards and then cut them up. Currently, the average credit card interest rate is around 20%. As Cuban explained, if you pay off your credit card, you’ve just earned that amount of interest back instead of continuing to pay it.

Live Below Your Means

Even after Cuban had made millions, he was careful with his money. When he was just coming into his wealth, he read a book called “How to Retire by the Age of 35,” which told him to live like a student and save as much as he could. He then called his broker and told him to invest his money as if he were a 60-year-old, despite his young age. Cuban said he was worried that he would lose that money and wanted to live off of it for a long time.

Living below your means involves spending less than you earn. This will keep you out of debt and let you put more money toward your savings and investments. You can live below your means through careful planning and intentional spending.

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/4-simple-money-habits-mark-121814224.html

Economist’s “News and Views” 7-28-2025

ALERT: BRICS To Imminently Announce A GOLD-BACKED Settlement System! - Andrew Maguire

Financial Wisdom:  7-28-2025

0:00 - The BRICS Summit you didn't hear about

1:27 - BRICS vs. the Dollar: What's really happening?

3:36 - BRICS: The new commodity price makers.

4:22 - Tokenization & Financialization explained.

5:09 - Trump's tariffs & the BRICS response.

6:18 - The New Development Bank & Gold.

7:36 - Gold as the BRICS benchmark.

8:55 - China & Gold: A pivotal moment.

11:50 - China's gold buying spree.

13:59 - War with China and gold backing

15:04 - Restricting control of gold and silver

16:31 - BRICS vs COMEX

 17:25 - Impact on diluted local London price fixes

https://www.youtube.com/watch?v=oDCe7ckSz78

The US To Revalue Gold to $15,000? (Here's when and how) | Clive Thompson

Capital Cosm:  7-27-2025

https://www.youtube.com/watch?v=Ytw5BFpXFcY

Japan’s Inflation Crisis Could Trigger The Next Global Bond Meltdown

Daneila Cambone:  7-28-2025

This is a very difficult, fragile situation,” says Peter Boockvar, editor of The Boock Report and CIO of OnePoint BFG, reacting to the tense exchange between Donald Trump and Fed Chair Jerome Powell last week.

 “Beating down the Federal Reserve Governor is not going to get you what you want.”

In today’s interview with Daniela Cambone, Boockvar warns of rising global yields and why investors should “watch JGB yields every morning,” pointing to Japan as a key driver of long-term U.S. interest rates.

“There is an aversion to taking on too much duration in sovereign bond land... and that is a big deal.”

On gold, Boockvar explains why he expects another year of massive gold buying: “They are further diversifying their reserve holdings and want to own less dollars… Gold is now number two in that reserve pie.”

Chapters:

00:00 Trump and Powell feud

02:59 Why the bond market is calm

 06:00 Long term interest rate projection

 07:31 Why Peter is bullish on gold

https://www.youtube.com/watch?v=22-bdWkak2A

1929 Repeat as Credit Bubble Collapses

1929 Repeat as Credit Bubble Collapses

WTFinance:   7-28-2025

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

https://youtu.be/xh_0ljdCX7U

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

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

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

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

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

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

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

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 7-28-25

Good Afternoon Dinar Recaps,

BRICS Countries’ GDP to Grow 3x Faster Than G7 by 2028

The global economic balance continues to shift as the BRICS bloc pulls ahead of the G7 in inflation-adjusted GDP growth projections. From 2025 to 2028, BRICS economies are expected to expand two to three times faster than their Western counterparts—signaling a fundamental reordering of international economic influence.

Key Forecast: BRICS Growth to Outpace G7 by 3x

According to 2025–2028 projections:

• BRICS GDP growth (real terms): 4.2% – 5.1%

• G7 GDP growth (real terms): 1.3% – 1.8%

This represents a 2x–3x growth multiple in favor of BRICS, affirming a long-term trend of momentum shifting toward emerging markets.

“The ‘Great Seven’ is not great anymore,” declared Maxim Oreshkin, Deputy Chief of Russia’s Presidential Administration. “In the 1990s, G7 countries were twice the size of BRICS. Now BRICS has overtaken the G7 in terms of GDP volume.”

Breakdown: Projected Real GDP Growth by Country

G7 Nations

Country

Projected GDP Growth (2025–2028)

🇺🇸 United States 1.7% – 2.0%

🇯🇵 Japan 1.0% – 1.2%

🇩🇪 Germany 1.1% – 1.4%

🇬🇧 United Kingdom 1.2% – 1.5%

🇫🇷 France 1.3% – 1.6%

🇮🇹 Italy 0.8% – 1.2%

🇨🇦 Canada. 4% – 1.7%

Observation: All G7 countries remain below the 2% threshold, reflecting modest growth amid high debt levels, aging demographics, and policy headwinds.

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

BRICS+ Nations

Country

Projected GDP Growth (2025–2028)

🇮🇳 India 6.2% – 6.8%

🇨🇳 China 4.5% – 5.0%

🇮🇩 Indonesia 5.1% – 5.2%

🇪🇹 Ethiopia 5.5% – 6.0%

🇪🇬 Egypt 3.0% – 3.6%

🇦🇪 UAE 3.5% – 3.9%

🇮🇷 Iran 2.0% – 2.5%

🇧🇷 Brazil 2.0% – 2.3%

🇷🇺 Russia 1.5% – 2.2%

🇿🇦 South Africa 1.4% – 1.7%

Key Insight: Nine BRICS+ countries are forecast to surpass the 2% growth mark, while none of the G7 achieve this across the same period.

Strategic Implications

• Geoeconomic Realignment: The growth trajectory of BRICS reflects a deeper realignment of production, trade, and demographic leverage—particularly favoring Asia and the Global South.

• Currency and Policy Impact: With faster GDP growth and increasing trade conducted in local currencies, BRICS nations may strengthen calls for a multipolar financial system, reducing reliance on USD-centric global finance.

• Global Institutions Challenged: Institutions dominated by G7 influence—such as the IMF, World Bank, and WTO—may face mounting pressure to adjust governance structures in favor of rising economies.

Conclusion

The projected threefold GDP growth advantage of BRICS over the G7 by 2028 is more than a data point—it’s a signal of global power in transition. As emerging economies accelerate development and deepen regional integration, the legacy economic order led by Western powers continues to cede ground.

For investors, policymakers, and analysts alike, tracking this divergence is now a strategic imperative.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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3 Key Signs You’re Losing Money By Saving Too Much

3 Key Signs You’re Losing Money By Saving Too Much

Andrew Lisa  Sat, July 26, 2025  GOBankingRates

Saving money is essential, but saving too much in a traditional savings account could be quietly costing you. If you’ve already maxed out your 401(k) contributions, built a robust emergency fund that exceeds the recommended three to six months of living expenses, and still have cash piling up, it might be time to rethink your strategy.

While it’s great to be financially cautious, over-saving can mean missing out on better returns and long-term growth. Not sure if you’re overdoing it? Here are three key signs that your savings account might be too full — and what you can do to make your money work harder for you.

Your Emergency Savings Is Overstuffed

Building an emergency fund is a smart financial move, but there is such a thing as saving too much. The general rule of thumb is to set aside three to six months’ worth of living expenses. But once you’ve hit that target, continuing to stuff your emergency fund can be a waste.

“Having excess cash beyond an emergency fund can mean missing out on potential returns from investing,” said Fluent in Finance founder, Andrew Lokenauth. “The opportunity cost of playing it too safe with savings can be substantial over decades.”

So, how much is enough? It depends on your lifestyle and income stability. According to Christopher Stroup, a certified financial planner (CFP) with Abacus Wealth Partners, dual income households can typically aim for three months of expenses. On the other hand, single-income earners or those with variable income should aim for six months for added financial security.

Once you have a solid emergency cushion in place, you should consider putting your excess money towards other investments.

You’ve Maxed Out Your Retirement Accounts

If you consistently have money left over after maxing out your IRA, 401(k) and other tax-advantaged retirement accounts each year, it may be time to put that money elsewhere. Saving for the future and your retirement is crucial, but you could be losing purchasing power to inflation over time as your cash earns little interest.

As accredited financial counselor and founder of Retire Certain, Camille Gaines explained, even the most high-yield savings accounts lose value to inflation over time. Instead, try putting that extra money somewhere it can do more for you, like in a money market account.

“Safe money market accounts that do not fluctuate in value can be seen as a good alternative to keeping money in a savings account that pays little interest and has a negative real return after inflation,” said Gaines. “More than two months’ worth of living expenses in a savings account is too much given the ability to earn around 5% from easily accessible money market accounts.”

Money market accounts — not to be confused with money market funds — deliver yields that are typically higher than standard deposit accounts with some checking account features like bill pay and limited monthly check writing. By redirecting your surplus cash into more productive accounts, you can earn more on your money over time.

Your Savings Are Growing, But So Is Your Debt

TO READ MORE:  https://www.yahoo.com/finance/news/5-key-signs-keeping-too-140047713.html

“Tidbits From TNT” Monday 7-28-2025

TNT:

Tishwash:  Foreign Minister arrives in New York

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

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

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

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

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

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

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

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

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

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

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

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Tishwash:  Kurdistan is transforming into a new Iraq 

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

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

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

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

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

Corrupt accountability

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

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

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

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

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

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

We are Close to Eliminating Income Taxes

We are Close to Eliminating Income Taxes

MJTruthUltra:  7-27-2025

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

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

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

WE’RE ALMOST THERE!

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

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

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

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

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

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

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

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

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

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