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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The Whole World Is Stockpiling Like It's 1939
Notes From the Field ByJames Hickman (Simon Black / Sovereign Man August 24, 2026
On June 7, 1939, US President Franklin Roosevelt signed a new law authorizing $100 million (a lot of money back then) to buy rubber, tin, tungsten, etc., and put it all in storage.
The United States was still at peace at the time. World War II had not yet broken out, and global trade was still relatively seamless.
Oil Drops Ahead Of Tougher US Iran Sanctions
2026-08-24 Shafaq News Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies from the Middle East.
Brent crude futures fell $1.23, or 1.3%, to $93.16 by 0329 GMT, while U.S. West Texas Intermediate crude was at $85.7 a barrel, down $1.36, or 1.6%.
Good Afternoon Dinar Recaps,
The Iran Sanctions Test: Oil, the Dollar and the Global Financial System Enter Another Phase
Washington is escalating financial pressure on Iran just as the rial reaches another record low, putting oil flows, dollar-based sanctions and alternative international trade channels under renewed pressure.
TNT:
Tishwash: Al-Halbousi affirms Parliament's readiness to support financial inclusion
Speaker of Parliament Hebat al-Halbousi and First Deputy Speaker Adnan Faihan al-Dulaimi discussed, in two separate meetings, with the Governor of the Central Bank, Nizar Nasser Hussein, ways to enhance financial and monetary stability and develop the performance of the banking sector in the country.
A statement issued by the media office of the Speaker of Parliament indicated that Speaker Halbousi received the Governor of the Central Bank and his accompanying delegation to discuss monetary policy and prospects for developing the financial system.
Iraqi Hopes For Removing Zeros From The Dinar To Combat Corruption
Baghdad Ahmed Eid The proposal to remove zeros from the Iraqi dinar has brought back to the forefront a wide debate about the reality of the project, the possibility of its implementation, and the results that it can achieve, especially with its connection to returning hoarded funds to the banking system and revealing some of the funds resulting from corruption, in addition to questions about its impact on inflation, the value of the dinar, and purchasing power.
Good Morning Dinar Recaps,
When High U.S. Yields Stop Supporting the Dollar: Debt, Treasury Policy and a New Currency Warning
The traditional relationship between higher U.S. interest rates and a stronger dollar is being tested as investors increasingly focus on the size of U.S. debt, Treasury intervention and the long-term credibility of the fiscal position.
Al-Abadi On The Anniversary Of The Founding Of Iraq: Sovereignty, Institutions, And Justice Are The Criteria Of A True State
Baghdad - One News - 8/23/2026 On the anniversary of the founding of the modern Iraqi state, Haider al-Abadi, head of the Victory Coalition, affirmed that building a state is not completed by the date of its declaration or by the passage of time since its establishment, but rather by its ability to protect its sovereignty, preserve its institutions, and achieve justice for its citizens.
MilitiaMan & Crew: IQD News: What You Need to Know Right Now
8-23-2026
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
Good Afternoon Dinar Recaps,
China's Yuan and the Emerging Shift in Global Trade Settlement
China is continuing to build the infrastructure for a larger international role for the yuan, and today's Sinopec results provide an important energy-market connection. The shift is not a sudden replacement of the dollar—but the combination of China's energy position, yuan settlement and expanding cross-border payment infrastructure is creating another pathway for global trade outside traditional dollar channels.
US Imports 6K Bpd Of Iraqi Crude After Seven-Week Gap
2026-08-23 Shafaq News- Baghdad/ Washington US crude oil imports from Iraq resumed at 6,000 barrels per day (bpd) after seven consecutive weeks at zero, according to the latest US Energy Information Administration (EIA) data. The week ending August 14 marked the first Iraqi crude shipments to the United States since late June, well below the 71,000 bpd recorded in the week ending June 19.
Venezuela Abandoning The Bolivar And Adopting The U.S. Dollar Would Be The Biggest Currency Switch Since The Advent Of The Euro, Hanke Says
Jason Ma, Shawn Tully Updated Sat, August 22, 2026 Fortune
Steve Hanke earned the moniker "Money Doctor" after advising governments across the globe on how to use currencies to get inflation under control. The professor of applied economics at Johns Hopkins University is now helping Venezuela and has been named a special advisor to a leading member of the country's National Assembly.
TNT:
Tishwash: Exclusive: Parliament hosts Finance Minister to discuss the financial crisis and solutions
The First Deputy Speaker of the Iraqi Parliament, Adnan Faihan, revealed on Saturday that the Minister of Finance, Faleh Al-Sari, is expected to be hosted in Parliament to discuss the details of the financial crisis facing Iraq.
Faihan told Shafaq News Agency that "the Minister of Finance has requested to attend the House of Representatives, and the request to host him will be included on the agenda of one of the upcoming sessions, with the date of the hosting to be determined in the coming days," indicating that "the Minister wants to explain the details of the financial crisis and the expected solutions to address it."
Good Morning Dinar Recaps,
When U.S. Debt Becomes a Global Market Problem: Bonds and the Dollar Send a New Warning
The United States has crossed the $40 trillion debt threshold at the same time that long-term Treasury yields have surged and the dollar has weakened. The combination is forcing investors to reconsider an assumption that has supported global finance for decades: that higher U.S. yields will automatically strengthen demand for both Treasuries and the dollar.
A Crisis Of Confidence And A Cash Economy: Around 97 Trillion Iraqi Dinars Are Outside The Banking System
Shafaq News - Baghdad Cash held outside the banking system constitutes one of the most prominent challenges facing the Iraqi economy, given the continued reliance of a large segment of citizens and merchants on cash transactions and keeping part of their money outside banks.
While money outside the banking system does not necessarily mean that it is entirely hoarded, its sheer size raises questions about the weakness of banking transactions and the ability of banks to attract savings and convert them into loans and financing for projects and investments.