Powell: Fed Open To Private Sector Collaboration In Possible Digital Dollar
Powell: Fed Open To Private Sector Collaboration In Possible Digital Dollar
Brian Cheung ·Reporter Mon, October 19, 2020
Federal Reserve Chairman Jerome Powell said Monday that the Fed is open to collaborating with the private sector on a possible digital U.S. dollar, but reiterated that the central bank has not committed to actually launching one.
“We will have lots of conversations with industry and stakeholder engagement, and that’ll help us in our work on digital currencies and cross-border payments,” Powell said in an International Monetary Fund panel. Powell said private sector initiatives like Facebook’s Libra project have accelerated central banks’ interest in setting up their own digital currencies.
But Powell cautioned that the Fed faces “difficult policy and operational questions,” such as the monetary policy implications of a digital dollar. Powell also listed illicit activity and cyber attacks as risks. “I actually do think this is one of those issues where it's more important for the United States to get it right than it is to be first,” Powell said.
Powell pointed to the importance of the U.S. dollar in the global economy, noting that the majority of the $2 trillion Federal Reserve notes in circulation are held outside of the country.
Powell emphasized that any possible digital dollar would serve as a “complement” to physical cash — not a replacement.
Real-Time Payments
The U.S. finds itself lagging other countries on payments infrastructure. The Bank of Mexico last year launched a Cobro Digital (CoDi) system that allows users and merchants to transact in digital pesos using QR codes. The People’s Bank of China recently began user testing a digital renminbi, which would allow transactions even without connection to the internet.
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Iraq 10th Among US Crude Suppliers
2026-09-13 04:55 Shafaq News- Baghdad/ Washington Iraq ranked 10th among the largest crude oil suppliers to the United States last week, with shipments averaging 46,000 barrels per day (bpd), up from 38,000 bpd the previous week, according to US Energy Information Administration (EIA) data.
Good Afternoon Dinar Recaps,
BRICS FINANCIAL SHIFT: LOCAL CURRENCIES AND CROSS-BORDER PAYMENTS MOVE INTO THE NEXT PHASE
BRICS is moving its financial cooperation from broad discussion toward practical payment and settlement mechanisms, with members promoting local-currency trade and more efficient cross-border payments while stopping short of creating a common BRICS currency.
Fiat-Backed vs. Asset-Backed Digital Currencies
9-12-2026
Fiat- and Commodity-Backed Stablecoins: Asset-Backed Digital Currencies
Explore fiat- and commodity-backed stablecoins like USDC, PAXG, and gold tokens.
Key takeaways
• Stablecoins are used to store value, send remittances, make payments, and enable DeFi access.
MilitiaMan & Crew: IQD News Update: What You Need to Know Today
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The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
The 50 And 100 Dinar Denominations Will Return With The Change Of Currency
Sunday, economic expert Mustafa Hantoush expected that the 50 and 100 dinar denominations would return to circulation if the currency change continued, indicating the possibility of issuing new monetary denominations with stronger security specifications .
Good Morning Dinar Recaps,
HORMUZ SHIPPING HIT: NEW ATTACK THREATENS GLOBAL OIL FLOWS AS ENERGY SHOCK DEEPENS
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TNT:
Tishwash: Source: Al-Zaidi plans US trip; Trump meeting in works
Iraqi Prime Minister Ali Al-Zaidi plans to visit the United States after a European tour to attend the UN General Assembly in New York, with three major issues on his agenda as political efforts seek to arrange a meeting with US President Donald Trump, an informed source told Shafaq News on Friday.
The source said a political intermediary who previously helped organize Al-Zaidi’s July official visit to Washington is working to secure the meeting with Trump, which has yet to be confirmed.
Secret QE is Part of the Reset, Treasury will use Stablecoins to Flood System with Cash
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“The new monetary system is already here.” E.B. Tucker explains how Treasury buybacks and stablecoin demand could quietly flood the financial system with cash.
The global financial landscape is undergoing a quiet but profound transformation. When the United States Treasury Department announced its decision to buy back $6 billion in longer-term debt—tripling its usual transaction size—many market observers immediately feared the worst.
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Good Afternoon Dinar Recaps,
BRICS BREAKTHROUGH: 11 NATIONS AGREE ON JOINT DECLARATION AS GLOBAL FINANCIAL ORDER FACES NEW TEST
The 11-member BRICS bloc has adopted its New Delhi Declaration, strengthening its call for greater economic cooperation, local-currency trade and improved cross-border payments as emerging economies seek a larger role in the global financial system.
Experts: Devaluing The Dinar Is Not A Solution To The Deficit... And The Government Has Other Alternatives That Don't Involve The Citizen's Pocket
About the news
With the deficit approaching one billion dollars per month, experts disagree on the feasibility of raising the dollar exchange rate.
Economic warnings against a return to raising the price of the dollar... Al-Khafaji: The citizen with limited income will pay the price.
Good Morning Dinar Recaps,
SAUDI OIL PIPELINE HIT: NEW ENERGY SHOCK THREATENS GLOBAL SUPPLY, INFLATION AND FINANCIAL STABILITY
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KTFA:
Clare: Al-Zaidi returns to the United States after a European tour, carrying three "hot" files.
9/11/2026
An informed source revealed on Friday that Iraqi Prime Minister Ali al-Zaidi intends to travel to the United States to participate in the work of the United Nations General Assembly, following the end of his European tour, which includes France and Germany, while indicating that there are efforts to arrange a meeting between him and US President Donald Trump.
Rob Cunningham: America’s 9x Monetary Upgrade
9-11-2026
America: A 9X Stronger Republic
Q: What laws govern money – and do those laws bind the powerful exactly as firmly as they bind everyone else?
This single question changes the entire conversation.
A corrupt monetary architecture does not become honest because transactions happen with paper.
Fed Losing Control? Treasury Market Forces Its Hand | Craig Hemke
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Craig Hemke of TF Metals Report warns that the bond market may increasingly be forcing higher interest rates on a U.S. government that cannot afford them.
He argues that Treasury intervention could mark the early stages of yield-curve control, a development he considers extraordinarily bullish for gold and silver.