“Tidbits From TNT” Sunday 7-27-2025
TNT:
Tishwash: ‘My Account’ Project Enrolls 800,000 Public Employees in Push Toward Full Banking Access
The project team confirmed that all remaining public employees across the Kurdistan Region will soon be onboarded, ensuring access to modern banking services for the entire public workforce
The Kurdistan Regional Government’s (KRG) digital financial inclusion initiative, “My Account” (Hezhmary Min), announced on Saturday that over 800,000 public sector employees have now registered in the project and obtained personal bank accounts.
According to a statement, the project team confirmed that all remaining public employees across the Kurdistan Region will soon be onboarded, ensuring access to modern banking services for the entire public workforce.
TNT:
Tishwash: ‘My Account’ Project Enrolls 800,000 Public Employees in Push Toward Full Banking Access
The project team confirmed that all remaining public employees across the Kurdistan Region will soon be onboarded, ensuring access to modern banking services for the entire public workforce
The Kurdistan Regional Government’s (KRG) digital financial inclusion initiative, “My Account” (Hezhmary Min), announced on Saturday that over 800,000 public sector employees have now registered in the project and obtained personal bank accounts.
According to a statement, the project team confirmed that all remaining public employees across the Kurdistan Region will soon be onboarded, ensuring access to modern banking services for the entire public workforce.
The announcement follows a significant milestone reached earlier on Thursday, when the project revealed that the salaries of thousands of employees in key ministries—including Health, Education, and Higher Education—had been successfully transferred to their personal bank accounts for the first time.
Additionally, more than 8,000 retirees in the provinces of Duhok, Erbil, and Sulaimani have now received their pensions via personal bank accounts and can access their funds through over 400 ATMs distributed across the region.
The My Account initiative is a central part of the KRG’s efforts to build a more modern and transparent financial system by shifting from cash-based to digital salary payments. It aims to empower individuals by offering broader access to financial services, improving financial literacy, and strengthening economic infrastructure.
Officials say the project offers increased financial autonomy and security, giving every salary recipient in the region the opportunity to manage their finances independently and access a wide range of banking tools previously unavailable to many. link
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Tishwash: June salaries will be sent soon, and a representative adds: Unless...
Iraqi parliament member Sarwa Mohammed, representing the Patriotic Union of Kurdistan (PUK), revealed that the federal government will soon send June salaries to the Kurdistan Region, barring an emergency.
“Currently, the Iraqi Ministry of Finance is reviewing the June payroll for Kurdistan Region employees,” Mohammed said in a statement followed by Al-Masry.
She added, "If there are no technical or political obstacles, and the region and Baghdad adhere to their agreement, Baghdad will send July salaries to the Kurdistan Region within a short period."
In a related development, a source in the Kurdistan Regional Government's Ministry of Finance and Economy announced that the ministry will send non-oil revenues to Baghdad this week. The payroll and audit balance sheets were also previously sent to the Iraqi Ministry of Finance link
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Tishwash: Digital transformation is essential to address the liquidity crisis in Iraq.
In a move that reflects a growing awareness of the importance of financial modernization, the Prime Minister's Financial Advisor, Dr. Mazhar Mohammed Salih, emphasized that digital transformation in financial transactions is no longer a technical option, but rather an urgent economic necessity to address liquidity challenges and achieve stability in the Iraqi financial system.
In a statement monitored by Al-Mustaqilla, Saleh noted that Iraq ranks third in the Arab world in terms of the number of bank cards issued, reflecting clear progress in developing the financial infrastructure and increasing confidence in government measures to address digital transformation.
He explained that the shift to electronic payments not only contributes to reducing reliance on cash, but also plays a pivotal role in introducing liquidity into official channels and enhancing transparency and financial oversight—essential goals for building a modern, more crisis-resistant economy.
Despite the progress, Salih stressed that Iraq still faces significant challenges, most notably weak trust in banks, bureaucracy, and fear of oversight. He called for overcoming these obstacles by developing digital infrastructure and providing direct incentives for citizens to use electronic payment methods.
These statements come at a time when the Iraqi government is working to accelerate financial inclusion by requiring government institutions and private sector companies to adopt electronic payments, reflecting a strategic direction toward a more transparent and sustainable digital economy.
Abstract: The financial advisor's statement indicates that digital transformation is not merely a technological development, but rather a comprehensive economic strategy aimed at addressing the structural challenges in the Iraqi financial system, which requires political will, a secure banking environment, and increased community trust. link
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Seeds of Wisdom RV and Economic Updates Sunday Morning 7-27-25
Good Morning Dinar Recaps,
Trump Era Sparks Crypto Lobbying Boom: 27 Firms Make History With First-Time Filings
The U.S. crypto industry is rapidly mobilizing its political influence, with at least 27 companies and advocacy groups filing first-time federal lobbying disclosures in recent months. The shift, detailed in a new report by The Hill, marks an aggressive move by digital asset firms to help shape the future of regulation under a more favorable political environment.
Good Morning Dinar Recaps,
Trump Era Sparks Crypto Lobbying Boom: 27 Firms Make History With First-Time Filings
The U.S. crypto industry is rapidly mobilizing its political influence, with at least 27 companies and advocacy groups filing first-time federal lobbying disclosures in recent months. The shift, detailed in a new report by The Hill, marks an aggressive move by digital asset firms to help shape the future of regulation under a more favorable political environment.
Lobbying Intensifies Amid Regulatory Momentum
According to the report, crypto newcomers—including firms in NFTs, prediction markets, and gaming—have poured nearly $2.8 million into lobbying efforts between April and June 2025. Their lobbying targets include the Treasury Department, Securities and Exchange Commission (SEC), and other key federal regulators.
In total, 73 crypto companies and associations were active in Washington during this period, spending a combined $11.4 million on lobbying.
Notably, Seychelles-based exchange KuCoin led all new participants, spending $1 million despite being barred from the U.S. market for at least two years due to prior regulatory violations.
Policy Wins: GENIUS and CLARITY Acts Lead the Way
The surge in political activity coincides with the passage of the GENIUS Act, a bipartisan bill establishing a federal framework for fiat-backed stablecoins. This legislation is viewed as a significant victory for the crypto lobby and has paved the way for further efforts.
The House has also advanced several additional bills during what some dubbed “crypto week,” including:
The CLARITY Act, offering a legal structure for broader crypto asset regulation.
An Anti-CBDC bill, which aims to prohibit the Federal Reserve from issuing its own central bank digital currency.
These developments reflect the industry’s shift from defensive regulatory positioning to proactive legislative engagement.
Beyond Bitcoin: Expanding Industry Footprint
Lobbying disclosures reveal a wide array of crypto use cases behind the push for favorable policy:
Bitdeer Technologies, focused on Bitcoin mining, is working to address energy and currency concerns.
Polymarket (operating as Blockratize) promotes crypto-based betting markets for real-world events.
Gala Games gained attention for sponsoring the White House’s Easter Egg Roll, positioning crypto gaming in the national spotlight.
The Solana Policy Institute’s CEO, Miller Whitehouse-Levine, emphasized that the challenge isn’t technological innovation—but navigating legacy legal frameworks.
“The pendulum has swung from one extreme to another,” Whitehouse-Levine said. “We need regulatory consistency that allows innovation to flourish without overcorrecting in either direction.”
Looking Ahead: Senate Holds the Key
The crypto sector is now lobbying the U.S. Senate to take up the CLARITY Act, which could solidify federal oversight and classification of crypto firms. Industry leaders are also backing continued restrictions on a federal CBDC, aligning with broader concerns about government-controlled digital currencies.
As the political climate continues to evolve, the Trump administration’s deregulatory stance has emboldened the industry. But advocates remain cautious, hoping to avoid the policy whiplash that defined earlier years.
The message from the crypto sector is clear: They’re here to shape the rules—before the rules shape them.
@ Newshounds News™
Source: bitcoinist.com
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Public Debt Donations Go Digital: U.S. Treasury Now Accepts Venmo and PayPal
In a notable intersection of consumer fintech and public finance, the U.S. Department of the Treasury has authorized citizens to contribute directly toward reducing the national debt using payment platforms Venmo and PayPal. The decision modernizes a decades-old initiative and reflects an evolving strategy in citizen engagement amid record-high federal debt levels.
A New Interface for an Old Program
The update comes under the “Gifts to Reduce the Public Debt” program, which has existed since 1996 but has gained little attention or traction. Since inception, the program has raised only $67.3 million—an amount that is negligible when compared to the current $36.7 trillion national debt.
According to the Treasury:
Citizens can now make voluntary debt-reduction donations via Pay.gov using PayPal or Venmo;
The debt has increased 87 percent since 2010, when it stood at $19.59 trillion;
The initiative aims to make public contributions more accessible, particularly for younger, tech-savvy users accustomed to mobile payment systems.
While the move brings convenience and visibility to a long-overlooked program, reactions from financial experts have been skeptical.
Samson Mow, CEO of bitcoin infrastructure firm JAN3, dismissed the measure as symbolic. "It's like sending bitcoin to a burn address," he remarked, suggesting the donations have no meaningful impact on fiscal sustainability.
Fiscal Policy in the Spotlight
The new donation pathway also comes as national debate intensifies over the fiscal implications of former President Donald Trump's proposed tax reform, dubbed the “Big, Beautiful Bill.” The Congressional Budget Office (CBO) projects the bill could add $3.4 trillion to the federal deficit over the next decade.
This trajectory has drawn strong criticism from both public figures and economists. Elon Musk has openly criticized the move to raise the debt ceiling by $5 trillion, while hedge fund manager Ray Dalio warned that the U.S. is on an unsustainable fiscal path.
“We are spending 40 percent more than our income,” Dalio said, warning of the risk of a “deadly debt spiral” if major reforms are not enacted. He estimates the probability of a “financial trauma” due to a loss of confidence in U.S. debt now exceeds 50 percent.
To stabilize the situation, he recommends cutting the deficit from nearly 7 percent of GDP to just 3 percent, through a combination of spending reductions and increased tax revenues.
Government Response and Revenue Projections
Treasury Secretary Scott Bessent, in contrast, has taken a more optimistic tone. He asserts that Trump’s fiscal plan will produce net benefits over the long term, particularly due to new tariffs projected to raise $2.8 trillion over the next ten years. He also claimed that customs duties could bring in $300 billion this year alone—nearly 1 percent of GDP—and cited a reported budget surplus in June as evidence of positive momentum.
Nonetheless, the fundamental structural challenges remain. While enabling Venmo and PayPal donations is a notable technological step, it does little to address the deeper issues shaping the country’s fiscal trajectory: rising entitlement costs, political polarization, and diminishing global confidence in the U.S. dollar’s primacy.
As the national debt continues to grow and the world watches U.S. fiscal policy evolve, the core issue is no longer whether the debt is sustainable—but how much longer it can be sustained.
@ Newshounds News™
Source: CoinTribune
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HKMA Signals Caution on Stablecoin Licensing Amid Market Euphoria
As Hong Kong's new stablecoin legislation is set to come into effect on August 1, the Hong Kong Monetary Authority (HKMA) is moving to temper industry expectations. Amid a surge of interest from firms eager to enter the stablecoin market, HKMA CEO Eddie Yue has cautioned that only a small number of licenses will be granted initially—and that even licensed entities will face stringent compliance burdens.
Stablecoin Rules Take Effect as Market Activity Surges
The legislation, passed in May, has already triggered a spike in stock prices and token valuations following announcements from various firms with stablecoin ambitions. However, the HKMA is taking steps to curb what it sees as excessive optimism and speculative behavior.
Eddie Yue warned of the need to “further rein in the euphoria,” emphasizing that:
Only a limited number of stablecoin licenses will be issued at the outset;
Most applicants are likely to be disappointed;
Priority may be given to firms already involved in the HKMA’s Stablecoin Sandbox.
Participants in the sandbox include notable entities such as a consortium led by Standard Chartered, JD Coinlink (a subsidiary of Chinese e-commerce giant JD.com), and RD InnoTech. However, Yue made it clear that even priority status does not guarantee approval.
Profitability, Scaling, and Compliance Challenges
Yue also cast doubt on the immediate profitability of early stablecoin ventures. This is partly due to the impending rollout of robust anti-money laundering (AML) regulations, which are expected to go live alongside the licensing framework next week.
In his view:
The new rules will introduce “stringent regulatory requirements”;
These rules will “inevitably limit the room for stablecoin businesses to scale rapidly in the short term”;
Discussions around stablecoins often remain “idealistic,” lacking concrete, commercially viable use cases.
Yue noted that dozens of companies have contacted the HKMA to discuss stablecoin initiatives. Yet most of the proposals remain conceptual, lacking technical depth and clear risk management strategies. Some firms, he observed, might benefit from partnering with more experienced entities to navigate the complex regulatory landscape.
Licensing Process to Launch in August
The HKMA is expected to formally unveil its stablecoin license application process next week. While Hong Kong’s regulatory approach is seen as a step forward in establishing clear digital asset frameworks, the cautious tone from regulators underscores the city's emphasis on compliance, risk control, and market stability.
As firms continue to explore the stablecoin space, Hong Kong’s measured rollout signals a deliberate effort to foster innovation—without compromising the integrity of the financial system.
@ Newshounds News™
Source: Ledger Insights
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Trump-Powell Explodes, Why Slashing Rates Now Would be a Disaster
Trump-Powell Explodes, Why Slashing Rates Now Would be a Disaster
Daniela Cambone: 7-25-2025
In a world grappling with persistent inflation and market uncertainty, Todd “Bubba” Horwitz, founder of BubbaTrading.com, has issued a striking forecast for gold, suggesting the precious metal could soar close to $4,000 by the end of 2025.
Today, in an insightful interview with Daniela Cambone on ITM Trading, Horwitz elaborated on his bullish stance, contending that gold and silver are far more than mere inflation hedges; they are essential “lifeboats” in an increasingly manipulated financial landscape.
Trump-Powell Explodes, Why Slashing Rates Now Would be a Disaster
Daniela Cambone: 7-25-2025
In a world grappling with persistent inflation and market uncertainty, Todd “Bubba” Horwitz, founder of BubbaTrading.com, has issued a striking forecast for gold, suggesting the precious metal could soar close to $4,000 by the end of 2025.
Today, in an insightful interview with Daniela Cambone on ITM Trading, Horwitz elaborated on his bullish stance, contending that gold and silver are far more than mere inflation hedges; they are essential “lifeboats” in an increasingly manipulated financial landscape.
According to Horwitz, the current inflationary pressures are not transient. “This inflation is not going away,” he asserted, painting a stark picture of an economic environment where the purchasing power of traditional currencies continues to erode.
He squarely placed accountability on the Federal Reserve, criticizing its interventions. “The Federal Reserve is doing everything but letting free markets work,” Horwitz stated, implying that the central bank’s actions are distorting natural market mechanisms and exacerbating underlying issues.
A significant concern for Horwitz is the potential for premature interest rate cuts. He issued a grave warning, suggesting that such a move could “destroy the market system as you know it.” In his view, the delicate balance of the financial system is at risk, and ill-timed policy decisions could trigger widespread instability.
In this climate of economic uncertainty and perceived market manipulation, Horwitz’s advice to average Americans is clear and resounding: seek refuge in real assets.
He passionately argued that only commodities like gold and silver can offer true protection against a “broken financial system.” For Horwitz, these precious metals aren’t just investments; they are fundamental safeguards against systemic vulnerabilities.
His projection for gold reaching near $4,000 is not just an optimistic outlook but a reflection of gold’s growing importance as a safe haven asset in an environment characterized by unchecked inflation and a lack of faith in institutional interventions.
As Horwitz sees it, the trajectory of gold is inextricably linked to the ongoing fragility of the global financial system.
For a deeper dive into Bubba Horwitz’s insights on market manipulation, the Federal Reserve’s policies, and the vital role of precious metals in safeguarding wealth, the full video from ITM Trading with Daniela Cambone is highly recommended.
“Tidbits From TNT” Saturday 7-26-2025
TNT:
Tishwash: Secret meeting in Istanbul: Washington threatens new financial sanctions on Iraq
An informed source revealed to Al-Mustaqilla that an unannounced meeting was held in Istanbul in recent days, bringing together the Assistant Chairman of the US Federal Reserve and a high-ranking delegation from the Central Bank of Iraq. The source stated that the meeting came at the urgent invitation of the US to discuss critical developments in the file of financial transfers and Iraqi banking transactions.
According to the source, the US side informed the Iraqi delegation that new financial sanctions are under preparation, to be imposed on a number of Iraqi banks and financial institutions, due to what the US side described as "continued violations" in international transfer systems and the failure of some Iraqi entities to comply with international guidelines to combat money laundering and terrorist financing.
TNT:
Tishwash: Secret meeting in Istanbul: Washington threatens new financial sanctions on Iraq
An informed source revealed to Al-Mustaqilla that an unannounced meeting was held in Istanbul in recent days, bringing together the Assistant Chairman of the US Federal Reserve and a high-ranking delegation from the Central Bank of Iraq. The source stated that the meeting came at the urgent invitation of the US to discuss critical developments in the file of financial transfers and Iraqi banking transactions.
According to the source, the US side informed the Iraqi delegation that new financial sanctions are under preparation, to be imposed on a number of Iraqi banks and financial institutions, due to what the US side described as "continued violations" in international transfer systems and the failure of some Iraqi entities to comply with international guidelines to combat money laundering and terrorist financing.
Direct warnings
The source indicated that the Iraqi delegation received direct warnings of the possibility of freezing additional assets and imposing restrictions on dollar accounts if urgent measures are not taken to regulate the Iraqi financial system and prevent suspicious flows through some Iraqi banks and companies.
A new crisis is looming
These developments come amid escalating tensions between Baghdad and Washington over economic and security issues, most notably restrictions on dollar transfers and US accusations against some Iraqi entities of dealing with entities on sanctions lists.
Observers believe that the new sanctions, if implemented, will deal a severe blow to the Iraqi banking system and could lead to a further deterioration in the value of the dinar and increased pressure on the local market at a time when the Central Bank of Iraq is trying to revive investor confidence and stabilize the exchange rate.
No official comment yet
As of the time of writing this report, no official comment has been issued by the Central Bank of Iraq or the US Embassy in Baghdad regarding the content of the meeting or the content of the warnings contained therein link
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Tishwash: Iraq's Ambassador to the UAE: The government's engagement in international partnerships strengthens its presence in the energy future.
Iraqi Ambassador to the United Arab Emirates, Muzaffar Al-Jubouri, affirmed today, Thursday, that Iraq's engagement in international partnerships strengthens its presence in the energy future, noting that the Energy Readiness Report highlights the promising opportunities that Iraq possesses and its position in the regional and international arena, and represents a turning point towards a sustainable energy future .
Al-Jubouri said during the conference to deliver the comprehensive report on the "Energy Transition Assessment in Iraq," which was attended by the correspondent of the Iraqi News Agency (INA): "The launch of the Iraq Energy Readiness Report represents the fruit of national efforts and close cooperation with the International Renewable Energy Agency (IRENA), to which we express our deep appreciation, both government and experts, for the technical, technical and cognitive support they provided throughout the preparation of this important report, as the energy sector is a fundamental pillar of economic and social development, a key axis for industrial and agricultural growth, and the provision of basic services to citizens ."
He added, "The Energy Readiness Report highlights strengths and challenges and provides realistic recommendations for improving performance and developing the energy sector in Iraq. In this context, integrating renewable energy into the national system is a strategic option to address significant waste, enhance production efficiency, and reduce emissions. Renewable energy technologies emerge as a practical and economic alternative that provides reliable solutions to secure supplies and enhance energy security. It embodies close cooperation with the International Renewable Energy Agency (IRENA)," stressing "Iraq's commitment to moving forward on this path in accordance with a development vision that takes into account national interests and enhances its positive engagement in regional and international partnerships ."
He continued: "Iraq's efforts to launch this report began in 2018, and since joining the Iraqi ambassador to the United Arab Emirates in 2021, one of our primary goals has been to closely follow up with relevant authorities to complete it in a way that reflects Iraq's energy landscape and paves the way for a clear strategic vision for energy transformation."
He pointed out that "the Energy Readiness Report represents a milestone in Iraq's path toward a sustainable energy future, as it highlights the extent of the structural challenges facing the national energy system, such as the large gap between production and demand, high technical losses exceeding 50 percent, and the declining contribution of renewable energy, which still represents 2 percent of the primary energy mix ."
Al-Jubouri explained that "the report highlighted the promising opportunities that Iraq possesses, including the abundance of natural resources and the interest of international partners. Iraq has already begun taking strategic steps, represented by the signing of important investment contracts with international and national companies, including Total Energy, Power China, and Acwa Power, in addition to construction and development projects with the Emirati company Masdar, which represent an important addition to the national energy mix."
He explained that "the most prominent feature of this report is its ability to chart a practical path towards a balanced energy future based on sustainability, economic sovereignty, and diversity, linking Iraq's development goals with global transformation paths, thus consolidating its pivotal position in the regional energy landscape and strengthening its presence in maintaining a sustainable energy future at the regional level." He pointed out that "Iraq's engagement in international partnerships strengthens its presence in the energy future ."
He pointed out that "we view this report as a real starting point for a new phase of institutional work in the energy sector, enhancing Iraq's ability to invest its resources and achieve its national aspirations for sustainable development as a first step toward building a future that meets the aspirations of our people and enhances Iraq's position on the national, regional, and international scene ."
Yesterday, Prime Minister Mohammed Shia al-Sudani received the Director-General of the International Renewable Energy Agency, Mr. Francesco La Camera .
During the meeting, according to the statement, the assessment report on the energy transition in Iraq, prepared by the agency in cooperation with Iraqi sectoral bodies, was reviewed. The report serves as a source for identifying national priorities in the field of renewable energy and energy efficiency, and will be launched soon . link
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Tishwash: Defense: Iraq will look different after 100 days
Political advisor Ahmed Talib Al-Difai said on Thursday that Iraq will emerge differently after the parliamentary elections, which are only 100 days away.
Al-Difai said in a statement received by Al-Maalouma Agency, “These elections will produce a new political mentality in Iraq, completely different from the previous ones, in terms of political engagement, which will move from the box of competition for power to the space of construction, development, and the exploitation and maximization of the country’s financial resources.”
He explained that "developments in the regional arena will have clear repercussions on the next parliament, which will be the culmination of the efforts made by previous sessions and the governments that emerged from them, by dealing with them with more realism and rationality, sparing Iraq from all the conflicts taking place in the region."
He pointed out that "after 100 days, the Iraqi citizen will have the upper hand in determining Iraq's fate, and he will be worthy of this task after proving his awareness and concern for his country, which will be at the top of the pyramid of development in the region if its capabilities and resources are exploited."
He stressed that "the next political generation that will be born after 100 days will be the foundation for a new phase from which all youthful energies will launch, carrying new ideas and projects that will place Iraq among the countries of the region."
He stressed the necessity that "the Iraqi citizen, on whose keenness we rely, chooses his correct future by going out after 100 days to choose his representatives and preserves the gains of the political system, the most important pillar of which is the peaceful transfer of power in an atmosphere of expressing opinions." link
Mot: . well -- DoYa Knows??? -- Knot Sure!!!!
Mot: Things That Keep Me Up at Night !!!!!
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 7-26-25
Good Afternoon Dinar Recaps,
India Backs Away From BRICS Currency, Reinforces Commitment to the US Dollar
• India’s central bank dismisses BRICS currency progress, calls the USD indispensable.
• Comments seen as a strategic pivot to secure U.S. trade ties and avoid Trump’s proposed tariffs.
• India balances rupee promotion with firm support for the existing dollar-based global system.
Good Afternoon Dinar Recaps,
India Backs Away From BRICS Currency, Reinforces Commitment to the US Dollar
• India’s central bank dismisses BRICS currency progress, calls the USD indispensable.
• Comments seen as a strategic pivot to secure U.S. trade ties and avoid Trump’s proposed tariffs.
• India balances rupee promotion with firm support for the existing dollar-based global system.
RBI Governor Rejects BRICS Currency Momentum
In a pointed departure from the BRICS de-dollarization agenda, India’s Reserve Bank Governor Sanjay Malhotra downplayed the viability of a shared BRICS currency, while openly affirming the enduring dominance of the U.S. dollar in global trade.
“As of now, there is not much work happening on a BRICS currency,” Malhotra said in an interview with The Times of India, noting that the dollar remains an “universal cross-border currency” that is not going away anytime soon.
His remarks, delivered just days after the BRICS 2025 Summit, signal a significant policy stance from one of the group’s most influential economies.
India Distances Itself From De-Dollarization Push
The RBI’s public comments come at a time when China and Russia have aggressively promoted local-currency trade and alternatives to the dollar—moves interpreted by Western analysts as an effort to weaken U.S. financial hegemony.
India, however, appears to be taking a moderated position:
Promoting local currency trade, particularly the rupee,
Avoiding full-scale de-dollarization,
And differentiating its policy from China’s yuan-based ambitions.
“It takes years, it takes decades for local currencies to gain popularity,” Malhotra said. “The dollar is going to be here for a longish time.”
Geopolitical Timing: India Shields Itself From Tariffs
Observers suggest India’s rhetoric is partly aimed at avoiding U.S. tariff threats from former President Donald Trump, who has openly warned countries against abandoning the dollar.
Following the BRICS summit, Trump imposed 50% tariffs on Brazilian goods, signaling a willingness to punish BRICS members seen as challenging U.S. financial dominance. India’s pivot, therefore, may be designed to keep U.S. trade ties intact and protect its export economy.
“India is seeking to dodge Trump’s tariffs,” Bloomberg reported. “Officials in New Delhi are informing U.S. authorities that they do not intend to undermine the greenback.”
ternal Balancing Act: Rupee Promotion Without De-Dollarization
While distancing itself from a BRICS reserve currency, India remains open to settling bilateral trade in local currencies, especially in deals with South Asia, Africa, and parts of the Middle East. This approach boosts rupee internationalization without directly challenging the dollar-based system.
The strategy:
Encourages regional economic integration,
Supports domestic growth targets,
Avoids confrontation with the U.S.
India's dual approach allows it to remain a BRICS member while maintaining trade and diplomatic alignment with Washington.
U.S.–India Trade Alliance: A Strategic Priority
The pivot appears to be paying dividends diplomatically. U.S. Vice President J.D. Vance recently praised India’s economic growth and partnership potential:
“The fate of the 21st century is going to be determined by the strength of the United States and India partnership.”
Meanwhile, Indian negotiators are continuing dialogues on trade concessions with the U.S., signaling that New Delhi sees long-term opportunity in siding with the dollar-based system rather than challenging it via the BRICS framework.
Conclusion: India Reshapes BRICS Alignment for Strategic Gains
India’s decision to publicly downplay the BRICS currency and support the U.S. dollar is more than a monetary policy signal—it’s a geopolitical maneuver. In distancing itself from the yuan-led de-dollarization campaign, India is protecting trade access, strengthening bilateral ties, and securing its place in the evolving U.S.-led financial order.
With Trump’s tariff policy back in motion and tensions within BRICS growing, New Delhi is reasserting its independence—not by exiting the bloc, but by choosing balance over confrontation.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
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The Dollar Is Doomed & Most Will Realize Too Late | Alasdair Macleod
The Dollar Is Doomed & Most Will Realize Too Late | Alasdair Macleod
Liberty and Finance: 7-25-2025
Dunagun Kaiser and Alasdair MacLeod discuss the current state and future outlook of precious metals like gold and silver in contrast to fiat currencies, particularly the U.S. dollar.
MacLeod emphasizes that gold and silver are undervalued, especially when measured against a basket of industrial metals over the long term, suggesting significant potential for appreciation.
The Dollar Is Doomed & Most Will Realize Too Late | Alasdair Macleod
Liberty and Finance: 7-25-2025
Dunagun Kaiser and Alasdair MacLeod discuss the current state and future outlook of precious metals like gold and silver in contrast to fiat currencies, particularly the U.S. dollar.
MacLeod emphasizes that gold and silver are undervalued, especially when measured against a basket of industrial metals over the long term, suggesting significant potential for appreciation.
He explains that fiat currencies are losing purchasing power, a reality often recognized first by foreigners and last by domestic users who are accustomed to measuring wealth in their national currency.
The conversation also touches on new U.S. legislation, like the Genius Act, which promotes stablecoins backed by U.S. Treasury bills, while banning central bank digital currencies (CBDCs), a move MacLeod believes undermines the global CBDC concept.
Ultimately, they advocate for physical assets as a safeguard against the ongoing debasement of credit-based fiat currencies, urging individuals to understand these shifts for personal financial preservation.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Gold is under owned
10:52 Money vs credit
18:10 Dollar is doomed
25:40 Genius Act
News, Rumors and Opinions Saturday 7-26-2025
Gold Telegraph: New Global Currency of Power
7-26-2025
The President of the United States says: “I’m the person that likes a strong dollar, but a weak dollar makes you a hell of a lot more money.”
Very interesting…
Real power isn’t printed. It is mined, harvested, and refined. Financial dominance can be forced. But resource independence must be earned.
Gold Telegraph: New Global Currency of Power
7-26-2025
The President of the United States says: “I’m the person that likes a strong dollar, but a weak dollar makes you a hell of a lot more money.”
Very interesting…
Real power isn’t printed. It is mined, harvested, and refined. Financial dominance can be forced. But resource independence must be earned.
True sovereignty means being self-sufficient in energy, food, and critical elements in today’s multipolar world. That’s the new global currency of power.
The President just said it: “You make a hell of a lot more with a weaker dollar.”
That’s fiat currency in a nutshell… devalue to survive. But over time, currencies don’t float… They sink to zero against gold. The only true, sound money.
BREAKING NEWS: THE US TREASURY DEPARTMENT IS NOW ACCEPTING VENMO AND PAYPAL PAYMENTS FROM THOSE WHO WANT TO DONATE MONEY TO REDUCE THE NATION’S $36.7 TRILLION DEBT.
You are reading this right.
“Critics have questioned the value of individual donations toward the national debt…”
It’s interesting to watch the negotiations between the United States and Japan unfold, especially considering how much American debt Japan holds. At one point, Japan hinted that U.S. Treasuries could be a “card” in trade talks. They have walked it back But the signal was clear.
The Treasury Secretary of the United States says the Federal Reserve is losing a $100 BILLION a year and it’s time for an internal review.
Change is coming… Have a good weekend.
https://twitter.com/i/status/1948882975409745922
Source(s): https://x.com/GoldTelegraph_/status/1948763902361436415
https://dinarchronicles.com/2025/07/25/gold-telegraph-new-global-currency-of-power/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man In one of the articles it's the 2025 Gold city Project. It's aiming to transform Baghdad and the rest of the country into a jewelry hub of the region and possibly the world. It's a trade hub. That's what they're doing...Their ancient history is coming back around. That's what they're going to be working on...I think it's going to be a big deal... Gold is money. They've known about it for thousands of years...
Walkingstick They're talking about 4% [gap between official rate and the market rate]. I know they're less than 3%. That is an IMF mandate. It is a line item in the budget that will show the new exchange rate and it is being protected in [Budget] Article 2-2c right now.
Mnt Goat Article: "THE INTERNATIONAL MONETARY FUND (IMF) HAS ISSUED A BRIEF EXPLAINER ON IRAQ’S
EXCHANGE RATE ARRANGEMENT" This is a very long article by the IMF...It is very good news from the IMF and in fact shows us that the IQD may sooner than later be international.
7 Clear Signs the Dollar Is Near Collapse
Lynette Zang: 7-25-2025
Think a currency reset can’t happen here in the U.S.?
Strategy Specialist Riley Brewster breaks down 7 alarming signs unfolding right now in the U.S. economy.
From crashing currency value to government overreach, learn how to protect yourself with gold, silver, and a proven strategy.
Chapters:
01:13 - What Is Hyperinflation & Why It Matters
03:29 - Venezuela: The Warning Sign No One Talks About
04:13 - Currency Resets: How You Lose Overnight
05:02 - When Governments Seize Gold (But Not Numismatics)
07:21 - Stock Market Booms Are a Trap
12:03 - Life in Collapse: Bartering, Hoarding & Empty Shelves
16:55 - 7 Early Signs of Hyperinflation (We Have Them All)
19:54 - Sound Money Strategy Explained
Seeds of Wisdom RV and Economic Updates Saturday Morning 7-26-25
Good Morning Dinar Recaps,
Stablecoin Supply Rises by $4B Amid New U.S. Legislation
• Over $4 billion in new stablecoin supply entered circulation in the week following passage of the GENIUS Act.
• Wall Street firms and federally chartered crypto banks are launching compliant fiat-backed stablecoins.
• The U.S. now has a legal framework supporting dollar-pegged digital assets for institutional use.
Good Morning Dinar Recaps,
Stablecoin Supply Rises by $4B Amid New U.S. Legislation
• Over $4 billion in new stablecoin supply entered circulation in the week following passage of the GENIUS Act.
• Wall Street firms and federally chartered crypto banks are launching compliant fiat-backed stablecoins.
• The U.S. now has a legal framework supporting dollar-pegged digital assets for institutional use.
GENIUS Act Sparks Institutional-Grade Stablecoin Boom
Just days after the United States passed its first comprehensive crypto legislation, the stablecoin market cap surged by more than $4 billion, signaling a pivotal moment in the evolution of digital finance.
The GENIUS Act, signed into law on July 18, establishes a federal framework for fiat-backed stablecoins, giving banks, asset managers, and fintech firms long-awaited legal clarity to enter the space.
For an asset class long mired in regulatory uncertainty—split between SEC scrutiny, CFTC jurisdictional claims, and stalled congressional action—this new law offers a decisive greenlight.
What the GENIUS Act Delivers
The legislation sets clear rules for fiat-backed stablecoin issuers, including:
1:1 reserve requirements
Mandatory independent audits
Proper licensing under federal standards
The framework was crafted to protect consumers while providing institutional legitimacy—and early signs show the strategy is working.
Anchorage, WisdomTree, and Wall Street Move In
In the immediate aftermath of the bill’s passage:
Anchorage Digital, the U.S.’s only federally chartered crypto bank, announced a new stablecoin issuance platform in partnership with Ethena Labs. Their upcoming product, USDtb, will fully comply with GENIUS Act standards.
WisdomTree, a $100B Wall Street asset manager, unveiled USDW, a fiat-backed stablecoin supporting dividend-paying tokenized assets. This makes WisdomTree one of the first traditional financial firms to deploy a regulated stablecoin.
Bank of America, JPMorgan, and Citigroup have publicly confirmed they are exploring their own GENIUS Act-compliant stablecoins, a sign of mainstream adoption accelerating.
Fiat-Backed Stablecoins Dominate the Market
The new legislation focuses exclusively on fiat-collateralized stablecoins, which currently represent 85% of the market.
Tether (USDT) and Circle’s USDC remain the two largest players, with a combined market cap exceeding $227 billion.
Unlike algorithmic stablecoins—which lost credibility following Terra’s 2022 collapse—fiat-backed tokens are backed by dollars and U.S. Treasurys, offering a much more stable profile for institutional investors.
Crypto-backed coins like DAI, collateralized by assets such as ETH, continue to operate but play a much smaller role (DAI’s market cap stands at approximately $4.3 billion).
Stablecoins Go Institutional
The $4 billion expansion is not just a market reaction—it’s a structural shift.
Stablecoins are no longer niche crypto products. They’re rapidly evolving into infrastructure-grade instruments used in:
Dividend distribution
Cross-border settlement
Tokenized asset platforms
Potential integrations with central banks and government systems
Perhaps most importantly, they now enjoy bipartisan support in Congress, transforming a volatile regulatory risk into a national innovation agenda.
Conclusion: A Regulated Future for Digital Dollars
The GENIUS Act represents a major turning point in U.S. crypto policy. For the first time, fiat-backed digital dollars have a federal legal foundation.
With Wall Street entering the market, banks deploying on-chain assets, and startups building compliant platforms, the stablecoin ecosystem is entering a new era—regulated, integrated, and institutional.
@ Newshounds News™
Source: CoinTribune
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El Salvador’s Bitcoin Reserve Fails to Benefit Average Citizens, Says NGO Executive
• Bitcoin is no longer legal tender in El Salvador under IMF agreement terms.
• State-led BTC education efforts have disappeared, according to grassroots NGOs.
• The country’s Bitcoin accumulation strategy may serve government holdings, not public use.
Bitcoin’s Legal Status Quietly Repealed Under IMF Loan Terms
El Salvador’s once-celebrated Bitcoin experiment is under scrutiny again after local nonprofit leaders confirmed that recent policy shifts have removed Bitcoin’s legal tender status—placing its benefits out of reach for the general population.
Quentin Ehrenmann, general manager at My First Bitcoin, a local NGO focused on Bitcoin education, told Reuters that state-backed initiatives to promote Bitcoin have stalled. The shift came after the government signed a loan agreement with the International Monetary Fund (IMF), which required El Salvador to scale back its crypto agenda.
“Since the government entered into this contract with the IMF, Bitcoin is no longer legal tender, and we haven't seen any other effort to educate people,” Ehrenmann explained.
“The government, apparently, continues to accumulate Bitcoin, which is beneficial for the government — it's not directly good for the people.”
IMF Loan Terms Restrict Bitcoin Purchases and Public Involvement
In addition to repealing the legal tender status of Bitcoin in the public sector, the El Salvadoran government also agreed not to purchase any new Bitcoin, a condition confirmed by a recent IMF report.
That finding directly contradicts statements from El Salvador’s Bitcoin Office, which has repeatedly claimed that the country is buying BTC on a daily basis.
In January, the legislature moved to roll back public sector involvement in Bitcoin to remain compliant with the IMF’s financing terms—raising questions about whether El Salvador’s historic crypto-first policy has ended in failure or simply transitioned into a more private, government-controlled strategy.
NGOs and Foreign Journalists Paint a Contrasting Picture on the Ground
Despite the government’s crypto retreat, some Salvadorans and visiting journalists have continued to test Bitcoin’s use in everyday life.
In 2023, Cointelegraph correspondent Joe Hall visited El Salvador and successfully paid for a hostel stay using IBEX Pay, a Bitcoin Lightning Network-based merchant solution. This demonstrates that Bitcoin infrastructure still exists, but adoption is increasingly dependent on private payment providers and NGOs, not state support.
Conclusion: Bitcoin for the State, Not the People?
El Salvador once made global headlines as the first nation to adopt Bitcoin as legal tender. But that symbolic move has been quietly reversed under the financial oversight of the IMF.
While the government continues to hold Bitcoin on its balance sheet, the public-facing infrastructure, education programs, and legal framework have receded. That shift has drawn criticism from NGOs and observers who argue that the original promise of financial inclusion through Bitcoin is fading.
With IMF loan compliance now a priority, El Salvador’s crypto strategy appears more centralized, opaque, and removed from public benefit—raising doubts about whether the bold experiment will continue to serve the population it once aimed to empower.
@ Newshounds News™
Source: Cointelegraph
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How IOTA Is Quietly Solving the Real Problem in Global Trade with Real-Time Transparency and Feeless Transfers
• IOTA enables real-time customs checks and tamper-proof trade data across borders.
• East African pilot projects cut costs by 30% and sped up exports for smaller traders.
• Feeless architecture and digital audit trails reduce delays, eliminate friction, and increase trust.
The Hidden Bottleneck in Trade: Operational Friction, Not Fraud
Despite decades of technological progress, global trade remains encumbered by slow, fragmented, and paper-based systems. The real challenge isn’t fraud—but friction: missing documentation, slow approvals, and limited transparency.
IOTA, a feeless distributed ledger protocol, is addressing this challenge head-on. Its decentralized infrastructure is now powering real-time trade transparency and instant customs verification—eliminating weeks of delay with a system that charges no fees to participants.
“While others chase speculative hype, IOTA is laying the infrastructure that makes tokenized trade and compliant DePIN a reality,” one user commented on X.
Pilot Programs Deliver Tangible Results in East Africa
Early-stage deployments of IOTA’s Trade and Logistics Information Pipeline (TLIP) in Kenya and neighboring nations have shown measurable impact. Exporters using the system report:
30% reduction in costs,
Significantly faster customs clearance,
Greater security and trust for small and mid-sized traders.
IOTA’s solution eliminated up to 50% of the logistics gap, helping smaller firms compete on more equal footing.
TWIN Infrastructure Replaces Paperwork with Secure Digital Credentials
The broader initiative, known as the Trade and Logistics Information Network (TWIN), replaces physical documents with digital equivalents, secured by verifiable credentials.
Once implemented, customs forms, invoices, and approvals can be exchanged securely and instantly—removing manual bottlenecks, redundant intermediaries, and national siloing in trade systems.
Nations participating in TWIN trials report:
Faster inter-agency coordination
35% growth in SME export volume
Cost reductions of up to 80% in certain trade routes (as of June 2025)
Feeless Ledger, Tamper-Proof Audit Trails, and Institutional Partners
IOTA’s Tangle architecture—a feeless distributed ledger—underpins the entire framework. It ensures:
No transaction fees for end users
Scalability without congestion
Tamper-proof data, ideal for trade audits and dispute prevention
Organizations or institutions can sponsor required fees, allowing for sustainable, spam-resistant usage while keeping the network accessible.
The initiative is being coordinated through the TWIN Foundation, in partnership with:
The Tony Blair Institute,
TradeMark Africa,
The Global Alliance for Trade Facilitation,
The World Economic Forum
Together, they aim to offer a shared, open-source infrastructure for digital trade, especially in developing markets historically excluded from global trade efficiencies.
Token Impact and Analyst Outlook
As of now, the IOTA token (MIOTA) is trading at $0.2080, up 4.6% over 24 hours, with a market cap of $815.4 million.
Recent technical analysis indicates a potential price move mirroring 2020, which could take the asset to $1+—a 300% increase from current levels—should institutional use and protocol adoption continue to expand.
Conclusion: Infrastructure First, Hype Later
While much of the blockchain space focuses on speculation and marketing, IOTA is building the rails of next-generation global trade. Real-world trials in East Africa and Europe show that digital trust, efficiency, and inclusion are no longer just theoretical.
By solving the real problems of global commerce, IOTA is positioning itself not only as a tech innovator, but as a quiet force reshaping how the world moves goods across borders.
@ Newshounds News™
Source: Crypto News Flash
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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
How the IQD Could Skyrocket If Allowed to Float
How the IQD Could Skyrocket If Allowed to Float
Edu Matrix: 7-25-2025
How the IQD Could Skyrocket If Allowed to Float.
How Taxes and Gold Reserves Prepare Iraq & Vietnam to Revalue Its Currencies
Taxes keep the country running day to day, and gold protects the country in times of crisis. Vietnam holds about 10 metric tons of gold in its official reserves.
Iraq holds around 145 metric tons of gold.
How the IQD Could Skyrocket If Allowed to Float
Edu Matrix: 7-25-2025
How the IQD Could Skyrocket If Allowed to Float.
How Taxes and Gold Reserves Prepare Iraq & Vietnam to Revalue Its Currencies
Taxes keep the country running day to day, and gold protects the country in times of crisis. Vietnam holds about 10 metric tons of gold in its official reserves.
Iraq holds around 145 metric tons of gold.
The United States is holding approximately 8,133 metric tons.
The video goes on to explain how tax collection in the two countries differ and how this affects the value of the economy. The channel shares how the IQD could skyrocket if allowed to float.
“BRICS News” By Kinesis Money 7-25-2025
BRICS Tokenizes Gold - LFTV Ep 233
Kinesis Money: 7-25-2025
In this week’s Live from the Vault, Andrew Maguire exposes the seismic impact of BRICS quietly reshaping global trade - by bypassing the dollar with tokenised gold, decentralised systems and physical pricing, as Western media turns a blind eye.
With central banks hoarding gold off-market and BRICS-backed blockchain infrastructure enabling instant, tariff-proof settlement, physical supply is draining fast from synthetic markets, exposing the fragility of the West’s paper-driven pricing model.
BRICS Tokenizes Gold - LFTV Ep 233
Kinesis Money: 7-25-2025
In this week’s Live from the Vault, Andrew Maguire exposes the seismic impact of BRICS quietly reshaping global trade - by bypassing the dollar with tokenised gold, decentralised systems and physical pricing, as Western media turns a blind eye.
With central banks hoarding gold off-market and BRICS-backed blockchain infrastructure enabling instant, tariff-proof settlement, physical supply is draining fast from synthetic markets, exposing the fragility of the West’s paper-driven pricing model.
Russia Dumps Dollars and Builds Alternative Gold Market - The Freedom Report
Kinesis Money: 7-24-2025
In this episode of The Freedom Report, Rob Kientz dives into Russia’s bold moves to reshape the global gold market—nationalizing major mines, launching a competing gold exchange, and ramping up trade with China.
With global distrust in Western gold pricing and increasing signs of de-dollarization, Kientz unpacks how Russia and its allies are leveraging gold to build economic independence and challenge U.S. monetary dominance.
As central banks accelerate domestic gold purchases and local refining capacity expands, a global shift is underway—one that threatens the supremacy of the dollar, the Treasury market, and the Western financial system itself.
For everyday investors, Kientz offers a sobering warning: the world is undeniably moving toward gold. The implications of this paradigm shift are profound, impacting everything from currency valuations to investment portfolios.
Those who ignore this accelerating trend may find themselves left behind in a rapidly evolving financial landscape. The future of global finance, Kientz suggests, could be denominated not in dollars, but in ounces of gold.
Seeds of Wisdom RV and Economic Updates Friday Afternoon 7-25-25
Good Afternoon Dinar Recaps,
India Confirms BRICS De-Dollarization Efforts Despite Trump’s Pressure
• India acknowledges that BRICS nations are actively exploring alternatives to the U.S. dollar for cross-border trade and settlement.
• Despite Trump's 10% tariff threats, discussions on local currency usage and interoperable BRICS payment systems continue.
• India walks a diplomatic tightrope—welcoming diversified monetary systems while rejecting a BRICS common currency.
Good Afternoon Dinar Recaps,
India Confirms BRICS De-Dollarization Efforts Despite Trump’s Pressure
• India acknowledges that BRICS nations are actively exploring alternatives to the U.S. dollar for cross-border trade and settlement.
• Despite Trump's 10% tariff threats, discussions on local currency usage and interoperable BRICS payment systems continue.
• India walks a diplomatic tightrope—welcoming diversified monetary systems while rejecting a BRICS common currency.
India Confirms Currency Shift Talks Underway
India has formally confirmed that BRICS nations are advancing talks on mutual trade settlements using local currencies and interoperable cross-border payment systems—initiatives seen by many as stepping stones toward de-dollarization. Officials say these discussions are progressing despite strong opposition and tariff threats from the United States under President Trump.
At a recent press briefing, Ministry of External Affairs spokesperson Randhir Jaiswal explained:
“We had a highly successful BRICS summit… In the joint statement, there are several aspects that have been fleshed out that strengthen the BRICS platform… Cross-border payments, yes, BRICS have talked about local currencies, but de-dollarisation is not something that is there on the agenda.”
This clarification shows India’s nuanced position: While it supports greater monetary autonomy for BRICS countries, it resists the idea of completely replacing the U.S. dollar or launching a common BRICS currency—at least for now.
Trump’s Threats Complicate BRICS Coordination
The Trump administration’s renewed tariff threats have escalated tensions within the BRICS alliance. President Trump recently warned of 10% tariffs on nations engaging in policies aimed at reducing dependence on the U.S. dollar. The comments came shortly after Russian President Vladimir Putin proposed the creation of a new BRICS investment platform—an initiative seen as a vehicle for financial independence.
Trump called such actions “anti-American”, and pledged steep economic penalties on countries adopting them.
India’s Strategic Position: Realism Over Revolution
India’s Foreign Minister S. Jaishankar offered a cautious counterpoint:
“India has never been for de-dollarization. Right now, there is no proposal to have a BRICS currency.”
While India has experimented with rupee-based trade settlements—particularly with sanctioned nations like Russia—the volatility of the rupee and its depreciation (from ₹73 to ₹85 per USD over the past five years) makes a larger move toward de-dollarization risky. India’s leadership is deeply aware that currency instability, Western capital dependencies, and technological reliance make total decoupling from the dollar unfeasible in the near term.
Moreover, policymakers are wary of rising Chinese influence within the BRICS framework—particularly via yuan-settled trade and the New Development Bank.
The Reality of Global Trade Flows
While the dollar still accounts for 54% of international trade, the landscape is shifting. Over 50 nations now conduct trade in yuan, rupees, and rubles, signaling a global trend toward currency diversification—even if the U.S. dollar remains dominant.
India’s approach aligns with gradual diversification, not a wholesale monetary revolution. Rather than pushing for a BRICS currency or direct confrontation with the dollar, Indian officials are opting for “practical collaboration”—focusing on bilateral and multilateral trade mechanisms that reduce visible dollar dependence while maintaining Western financial and technological ties.
Conclusion: India Balances Between East and West
India’s position within the BRICS de-dollarization dialogue reflects the complex geopolitics of the global economy. While aligned with BRICS in diversifying global finance, India remains strategically committed to economic pragmatism, carefully navigating between Trump-era tariff threats, Western capital inflows, and China’s growing influence.
India's message is clear: It supports a more balanced global monetary system, but not at the cost of financial stability or strategic autonomy.
India Confirms BRICS De-Dollarization Efforts Despite Trump’s Pressure
• India acknowledges that BRICS nations are actively exploring alternatives to the U.S. dollar for cross-border trade and settlement.
• Despite Trump's 10% tariff threats, discussions on local currency usage and interoperable BRICS payment systems continue.
• India walks a diplomatic tightrope—welcoming diversified monetary systems while rejecting a BRICS common currency.
India Confirms Currency Shift Talks Underway
India has formally confirmed that BRICS nations are advancing talks on mutual trade settlements using local currencies and interoperable cross-border payment systems—initiatives seen by many as stepping stones toward de-dollarization. Officials say these discussions are progressing despite strong opposition and tariff threats from the United States under President Trump.
At a recent press briefing, Ministry of External Affairs spokesperson Randhir Jaiswal explained:
“We had a highly successful BRICS summit… In the joint statement, there are several aspects that have been fleshed out that strengthen the BRICS platform… Cross-border payments, yes, BRICS have talked about local currencies, but de-dollarisation is not something that is there on the agenda.”
This clarification shows India’s nuanced position: While it supports greater monetary autonomy for BRICS countries, it resists the idea of completely replacing the U.S. dollar or launching a common BRICS currency—at least for now.
Trump’s Threats Complicate BRICS Coordination
The Trump administration’s renewed tariff threats have escalated tensions within the BRICS alliance. President Trump recently warned of 10% tariffs on nations engaging in policies aimed at reducing dependence on the U.S. dollar.
The comments came shortly after Russian President Vladimir Putin proposed the creation of a new BRICS investment platform—an initiative seen as a vehicle for financial independence.
Trump called such actions “anti-American”, and pledged steep economic penalties on countries adopting them.
India’s Strategic Position: Realism Over Revolution
India’s Foreign Minister S. Jaishankar offered a cautious counterpoint:
“India has never been for de-dollarization. Right now, there is no proposal to have a BRICS currency.”
While India has experimented with rupee-based trade settlements—particularly with sanctioned nations like Russia—the volatility of the rupee and its depreciation (from ₹73 to ₹85 per USD over the past five years) makes a larger move toward de-dollarization risky. India’s leadership is deeply aware that currency instability, Western capital dependencies, and technological reliance make total decoupling from the dollar unfeasible in the near term.
Moreover, policymakers are wary of rising Chinese influence within the BRICS framework—particularly via yuan-settled trade and the New Development Bank.
The Reality of Global Trade Flows
While the dollar still accounts for 54% of international trade, the landscape is shifting. Over 50 nations now conduct trade in yuan, rupees, and rubles, signaling a global trend toward currency diversification—even if the U.S. dollar remains dominant.
India’s approach aligns with gradual diversification, not a wholesale monetary revolution. Rather than pushing for a BRICS currency or direct confrontation with the dollar, Indian officials are opting for “practical collaboration”—focusing on bilateral and multilateral trade mechanisms that reduce visible dollar dependence while maintaining Western financial and technological ties.
Conclusion: India Balances Between East and West
India’s position within the BRICS de-dollarization dialogue reflects the complex geopolitics of the global economy. While aligned with BRICS in diversifying global finance, India remains strategically committed to economic pragmatism, carefully navigating between Trump-era tariff threats, Western capital inflows, and China’s growing influence.
India's message is clear: It supports a more balanced global monetary system, but not at the cost of financial stability or strategic autonomy.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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