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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.

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

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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.

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 1.4% – 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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“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."

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

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

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

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

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

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

 

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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!

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/

 

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News, Rumors and Opinions Monday 7-28-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 28 July 2025

Compiled Mon. 28 July 2025 12:01 am EST by Judy Byington

Global Currency Reset Possible Timing:

Mon. 28 July 2025 MarkZ: “I’m feeling very confident that from the information I have received from groups, that we may wrap this up by Mon. 28 July.”…MarkZ

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

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 28 July 2025

Compiled Mon. 28 July 2025 12:01 am EST by Judy Byington

Global Currency Reset Possible Timing:

Mon. 28 July 2025 MarkZ: “I’m feeling very confident that from the information I have received from groups, that we may wrap this up by Mon. 28 July.”…MarkZ

Sun. 27 July 2025 Wolverine: “On Sunday 27 July 2025 all tables will be close as they are not going to be selling anymore currencies, bonds or exotic assets. I feel so peace within myself knowing that God has not failed us and that very soon will be crossing that finish line. I’ve had some wonderful conversations with some whales and representatives and it’s all going to God’s plan. They say that when President Trump comes back from overseas to the White House, it will be a different world (please God let it be true). Tomorrow there will be a live call at 10:00pm EST and I hope to see you all. This most likely and I’m praying that will be my last call. Please keep praying. God bless, Wolverine

Mon. 28 July 2025 Bruce: Notifications for Tier4b should go out to set appointments Mon. 28 July or Tues. 29 July and then appointments would begin the next day. Iraq to bring out a Dinar new rate on Sun. 27 July that will be on the Forex by Mon. 28 July.  DOGE payments to come out by direct deposit Aug. 1,2,3. R&R will be in our Quantum accounts when we open them at our redemption appointments. Increases in Social Security will come out in August. Information on NESARA including changes in income tax will come out sometime between the first week in August and the end of November.

Tues. 29 July Tier4b Notification: On Wed. 23 July 2025 Iraqi Gazette Published Tier4b Exchange Process as per Decisions of the Iraqi Parliament: Tier 4B Exchange Process REVEALED! Step-by-Step from July 2025 Iraqi Gazette Iraq’s official newspaper, the Iraqi Gazette, published last Tues. that notification for appointments for Tier4b begins Tues. 29 July 2025. Exchanges for Tier4b begins Fri. 1 Aug. 2025 and goes through Fri. 15 Aug. 2025. Exchanges need to be done by Fri. 15 Aug. 2025.

On Fri. 1 Aug. you’re gonna get a lot of payments. You’re gonna be very happy. If you’re a citizen of this country, you’re gonna be getting a lot of money.” …President Trump

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

Mon. 21 July 2025: PHASE TWO HAS BEGUN — TRUMP SIGNS EXECUTIVE ORDER TO PERMANENTLY DISMANTLE THE IRS AND LAUNCH GOLD-BACKED CURRENCY PILOT THROUGH U.S. TREASURY … on Telegram

Just days after (allegedly) ripping $600 billion from the hands of the globalist tax cartel, President Trump has dropped the second hammer: a sweeping Executive Order to (allegedly) initiate the shutdown of the Internal Revenue Service as we know it — and replace it with a sovereign, asset-backed monetary system under full constitutional control.

Effective immediately, the IRS is(allegedly)  being stripped of its enforcement arms, foreign contracts, and offshore data routing infrastructure. Their legal immunity? Gone. Their backdoor ties to the World Bank and BIS? Cut. The agency once used to audit patriots, blackmail dissidents, and fund wars without consent is now being (allegedly) gutted from the inside. And this time, there’s no recovery plan.

At the heart of this new order is PatriotCoin — the codename for the gold-pegged transitional asset system being deployed under a secret joint operation (allegedly) between the U.S. Treasury and Space Force cyber teams. According to White Hat sources, this digital infrastructure runs on quantum-encrypted channels, fully sovereign, completely offline from the SWIFT network, and resistant to IMF interference. The coin is (allegedly) backed by audited reserves held at strategic vault sites recently repatriated from London, Basel, and Hong Kong.

But this isn’t crypto. This is (allegedly) anti-FED tech — tethered to tangible American resources, minted by a restored Treasury, and governed by GESARA protocols. The goal? To eliminate fractional lending, interest slaveery, and globalist banking dependency in one synchronized move.

Already, global markets are rattling. The ECB issued a Level 3 alert. The World Bank called for an emergency meeting. And the Rothschild family has reportedly begun liquidating foreign real estate in Zurich, Monaco, and South Africa. They know what’s coming. They always knew. But they never expected it would move this fast.

Meanwhile, across America, thousands of dormant gold and silver mines are being reopened under nationalized contracts, designed to sustain the upcoming hard currency transition. Trump’s team is (allegedly) coordinating with BRICS-aligned economists to ensure that PatriotCoin remains independent but interoperable with global de-dollarization movements — bypassing SWIFT and shutting the door on CBDC tyranny.

The trap was always economic. The war was always spiritual. But the takedown is now fully kinetic.

IRS dismantled. Federal Reserve under seizure. Gold-backed currency underway. This is not a drill. This is the Return of the Republic — and the final death of globalist finance. The Great Reversal has begun.

Read full post here:  https://dinarchronicles.com/2025/07/28/restored-republic-via-a-gcr-update-as-of-july-28-2025/

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

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Secretary of State Rubio…is pushing Sudani.  We know Trump sent him. We know what Trump is doing here in our country.  I think your Trump is happy because he sees the constant advancement…He also warned Sudani about a proposed bill for PMC’s   FRANK:  That’s multi-currency policy.  You can’t do that.  You can only use your dinar.  Trump is pushing it.  I wonder why… FIREFLY:  PMC’s would institutionalize the Iranian and harm Iraqis sovereignty.  FRANK:  Trump is pushing this.  You know what he knows. 

Frank26  The history of the Iraqi dinar...1932 al the way up to 1949.  Guess what the value of the Iraq dinar was?  $4.86. 

Militia Man  We all know at this stage of the game security, stability, sustainability is a big deal.  It's all about the money flow...the development road project...taking care of the citizens...getting these deals done - salaries, oil flow, Cyan Port. 

IQD Rate UP CBIs 1st Quarter 2025 Report Good

Edu Matrix:  7-27-2025

BREAKING FINANCIAL NEWS from Iraq! The Central Bank of Iraq has just released its Q1 2025 report—and for the first time in months, it’s good news for the economy!

In this video, we break down the positive economic indicators revealed in the new report:

Inflation is stabilizing

Foreign currency reserves have grown beyond $100 billion

Digital banking adoption is rising

Local banks are showing stronger balance sheets

The Iraqi dinar remains steady Governor of the CBI Ali Mohsen Al-Alaq says this is just the beginning of deeper reforms aimed at strengthening investor confidence and supporting Iraq’s economic recovery.

Don’t miss this in-depth breakdown of how Iraq’s Central Bank is turning the tide in 2025—and what it could mean for the future of the Iraqi economy and the dinar.

https://www.youtube.com/watch?v=7aqpk4oJFJQ

 

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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.

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:

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

Good Morning Dinar Recaps,

Trump Sets 15% Tariff Floor for EU Imports

As global trade dynamics shift under increasing geopolitical strain, President Donald Trump has drawn a hard red line in upcoming negotiations with the European Union. No EU exports will face tariffs lower than 15%, a move that could have significant ripple effects across strategic sectors including digital technology, pharmaceuticals, and blockchain infrastructure.

Good Morning Dinar Recaps,

Trump Sets 15% Tariff Floor for EU Imports

As global trade dynamics shift under increasing geopolitical strain, President Donald Trump has drawn a hard red line in upcoming negotiations with the European Union. No EU exports will face tariffs lower than 15%, a move that could have significant ripple effects across strategic sectors including digital technology, pharmaceuticals, and blockchain infrastructure.

Key Points:

  • Trump: “No customs duty below 15%” for EU exports to the U.S.

  • Announcement comes ahead of high-stakes meeting with EU Commission President Ursula von der Leyen in Scotland.

  • Pharmaceuticals explicitly excluded from upcoming trade agreement.

  • August 1st set as the firm negotiation deadline for both sides.

Trump Signals End of Trade Flexibility

In a statement delivered on Sunday, July 27, Trump firmly rejected any preferential treatment for EU goods. Framing the decision as a matter of economic sovereignty, he described the upcoming deal as “very powerful, very large, the biggest of all agreements”—but only on U.S. terms.

“The EU will not benefit from customs duties below 15%,” Trump declared, in what many analysts interpret as an attempt to force the EU into a take-it-or-leave-it position.

The tariff proposal marks a decisive shift from past U.S. administrations’ more collaborative trade frameworks. Instead, it signals a transactional, pressure-based model that could realign transatlantic relations for years to come.

Highlights of Trump’s Trade Position:

  • 15% Tariff Minimum: Applies broadly to EU goods, with no exemptions beyond pharmaceuticals.

  • Exclusion of Pharmaceuticals: Medical products will not be covered under the proposed deal, hinting at separate bilateral arrangements.

  • Non-Negotiable Deadline: The August 1st cutoff is binding and applies universally, further constraining EU leverage.

  • Zero-Sum Diplomacy: Trump frames the deal not as cooperation, but as a contest of economic strength.

Strategic Implications for Europe’s Digital Future

While tariffs dominate headlines, Trump’s stance casts a longer shadow over the EU’s digital and blockchain sectors. His rhetoric suggests a broader effort to limit European access to the U.S. market—a move that could dramatically impact innovation, competitiveness, and cross-border tech partnerships.

Firms likely to be affected include:

  • Ledger, a prominent crypto wallet provider;

  • Sovereign cloud infrastructure companies, integral to EU data sovereignty;

  • Blockchain firms involved in Web3, stablecoin issuance, and tokenized asset markets.

If enacted, the tariff floor could erode cost advantages for EU tech companies, placing them at a disadvantage to U.S. rivals protected by a highly favorable domestic environment. Meanwhile, transatlantic regulatory harmonization projects—from digital identity frameworks to stablecoin policy coordination—could stall under the weight of trade tensions.

Deal or No Deal? 50/50 Odds and Rising Pressure

Trump underscored the high stakes, noting there's only a “50-50 chance” of any trade agreement being reached. This calculated ambiguity, paired with the rigid August 1st deadline, forms part of a broader maximum-pressure negotiation playbook.

“The August 1st deadline is the same for everyone,” Trump warned—an assertion designed to minimize EU bargaining power and maximize U.S. leverage in the short window remaining.

With strategic sectors at risk, the EU must now choose between two difficult options: accept the Trump administration’s terms or face a potentially destabilizing trade standoff.

@ Newshounds News™
Source: 
CoinTribune

~~~~~~~~~

Key US Economic Events This Week: What They Mean for Bitcoin and Altcoins

With several major U.S. economic events lined up this week—including the FOMC policy meetingQ2 GDP data, and the July jobs report—investors in Bitcoin and altcoins are closely watching for signals that could shift market sentiment.

Why It Matters for Crypto

The U.S. economy and digital asset markets are increasingly intertwined. While traditional markets showed modest growth last week (+1.21%), the crypto market declined by 1.66%, reflecting macro uncertainty. This week’s economic calendar could further influence risk appetite and volatility in crypto markets.

Key Economic Events to Watch

1. FOMC Meeting (July 29–30, 2025)

Fed Chair Jerome Powell’s press conference on July 30 will follow the two-day meeting of the Federal Open Market Committee.

  • Expected Interest Rate Range: 4.25% – 4.50% (no change)

  • Inflation Data: Up for second straight month — 2.7% in June

  • Initial Jobless Claims: Fell to 217,000 from 221,000

Potential Crypto Impact:

  • If the Fed stays cautious and avoids any dovish hints, crypto prices may trade flat or consolidate.

  • However, persistent inflation could make Bitcoin and other digital assets more appealing as inflation hedges.

2. Q2 GDP Estimate (July 30, 2025)

The advance estimate of second-quarter U.S. GDP is also due Wednesday.

  • Q1 2025 GDP: -0.5% contraction

  • Q2 Consensus: +2.5% rebound

Potential Crypto Impact:

  • strong GDP rebound could delay any monetary easing, muting crypto rallies.

  • Yet, signs of economic resilience might boost overall investor confidence across risk markets, including altcoins.

3. Non-Farm Payrolls & Unemployment Rate (August 1, 2025)

Friday’s July employment report is likely to be a major market mover.

  • June NFP: 147,000

  • Consensus for July: 102,000

  • Unemployment Rate (June): 4.1% → Expected July: 4.2%

Potential Crypto Impact:

  • Weaker job growth and a rising unemployment rate could fuel expectations of Fed rate cuts, favoring crypto.

  • In previous cycles, poor labor data has sparked bullish momentum in Bitcoin, Ethereum, and mid-cap altcoins.

Summary of Potential Market Reactions

Indicator

Result Impact

Crypto Market Outlook

Fed Keeps Rates Steady

Neutral/Hawkish

Consolidation or mild downside

GDP Beats Expectations

Strong Economy Signal

Mixed: Limits rate cuts, but boosts sentiment

Job Market Weakens

Rate Cut Signal

Bullish for crypto as risk appetite returns

Final Takeaway

In an environment shaped by inflation, labor market shifts, and GDP surprises, crypto markets are no longer insulated from traditional macro forces. With the Fed’s tone becoming more nuanced, Bitcoin and altcoins could see both headwinds and tailwinds depending on how these key indicators land.

Smart investors will position accordingly—balancing short-term caution with long-term conviction in blockchain-based assets.

@ Newshounds News™
Source: 
Coinpedia

~~~~~~~~~

Senate Democrats Probe FHFA 

Senate Democrats Probe FHFA Over Crypto-Backed Mortgage Proposal

A group of Senate Democrats is demanding answers from Federal Housing Finance Agency (FHFA) Director William Pulte following his directive for mortgage giants Fannie Mae and Freddie Mac to explore how cryptocurrency holdings might be considered in mortgage risk assessmentswithout requiring conversion into U.S. dollars.

Democrats Seek Answers on Risk and Oversight

In a letter led by Senator Jeff Merkley and co-signed by Elizabeth WarrenBernie SandersChris Van Hollen, and Mazie Hirono, the lawmakers request detailed clarification on the plan’s intent, risks, and implications for the U.S. housing market and financial system.

“We need to fully assess the potential risks and benefits of your order,” the senators wrote, citing fears that integrating crypto into federally-backed mortgages could pose serious safety and soundness concerns.

Pulte's Directive Sparks Concern

Last month, Pulte instructed Fannie Mae and Freddie Mac to prepare proposals on how crypto assets could factor into single-family mortgage loan approvals, signaling a potential shift in mortgage underwriting standards.

Under current FHFA policy, crypto assets must be converted to U.S. dollars before being considered in any mortgage evaluation. Pulte’s proposal would remove that requirement.

Crypto Volatility and Consumer Risk

The senators emphasized that crypto’s high volatility, lack of liquidity, and exposure to scams, cyberattacks, and theft could place borrowers at greater risk of default:

“Borrowers may not be able to exit a crypto position and convert to cash at a price that would allow them to buffer against the risk of mortgage default.”

They also warned that homeowners could lose crypto assets without any realistic path to recovery, highlighting the heightened consumer risk this policy could introduce.

Conflict of Interest Allegations

The letter raises additional alarms about potential conflicts of interest:

  • Pulte’s spouse reportedly holds up to $2 million in crypto assets.

  • He serves as chair of both Fannie Mae and Freddie Mac’s boards, which are responsible for approving any crypto-related proposals.

  • The senators accuse him of “stacking” the boards with crypto industry allies, undermining the objectivity of any decision-making process.

The Democrats also flagged President Trump’s deep involvement in the crypto industry, citing links to crypto mining operationsstablecoinstrading platforms, and memecoins—suggesting that political influence could further skew the policy’s development.

Lack of Transparency and Process

Lawmakers criticized the FHFA’s directive as vague and opaque, providing no clear process for:

  • Developing and evaluating the crypto proposal

  • Gathering public or industry feedback

  • Assessing market or consumer risk

They stressed the need for “clarity on this order,” especially in light of the FHFA’s alleged failures to oversee crypto exposure in the 2023 banking crisis, where three crypto-linked banks collapsed amid liquidity concerns.

Precedent and Institutional Hesitation

The senators noted that Fannie Mae itself concluded in a 2021 internal review that using crypto or stablecoins as collateral or payment vehicles was the least appealing application of blockchain in housing finance.

Despite that, Pulte’s directive now reopens the conversation, prompting lawmakers to ask for:

  • All communications regarding crypto policy

  • FHFA’s process for approving the directive

  • Pulte’s plans to recuse himself from potential conflicts of interest

Conclusion

While some view crypto integration into traditional finance as inevitable, this Senate inquiry underscores the deep skepticism within parts of the U.S. government regarding crypto’s stability, transparency, and suitability for long-term housing finance. The FHFA has until August 7 to formally respond.

@ Newshounds News™
Source: 
Cointelegraph

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Economics, Gold and Silver Dinar Recaps 20 Economics, Gold and Silver Dinar Recaps 20

"Major Move Incoming – If You Own GOLD or SILVER, WATCH THIS NOW!" – Andrew Maguire

"Major Move Incoming – If You Own GOLD or SILVER, WATCH THIS NOW!" – Andrew Maguire

Finance Log:  7-26-2025

China is rapidly advancing a complex and multi-layered gold acquisition strategy that is quietly but decisively reshaping the global financial order.

Renowned precious metals analyst Andrew Maguire emphasizes that Beijing’s ambitions extend far beyond simply hedging against the fluctuations of the U.S. dollar.

"Major Move Incoming – If You Own GOLD or SILVER, WATCH THIS NOW!" – Andrew Maguire

Finance Log:  7-26-2025

China is rapidly advancing a complex and multi-layered gold acquisition strategy that is quietly but decisively reshaping the global financial order.

Renowned precious metals analyst Andrew Maguire emphasizes that Beijing’s ambitions extend far beyond simply hedging against the fluctuations of the U.S. dollar.

 Instead, China is strategically positioning gold as the cornerstone of a new multipolar financial system—one that is firmly backed by tangible assets and designed to operate independently from Western financial institutions and sanctions.

Over the last decade, China has methodically shifted vast quantities of physical gold away from dominant Western paper markets, including London and COMEX, transferring these reserves into tightly controlled domestic vaults, state-owned banks, and military-related entities.

https://www.youtube.com/watch?v=oA-2N3CTyPI

 

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

Judy Shelton: Central Banks Set to Trigger Massive Gold & Silver Price Surge!

Judy Shelton: Central Banks Set to Trigger Massive Gold & Silver Price Surge!

Drizzle Zone:  7-27-2025

In this powerful interview, economist and former Fed advisor Judy Shelton reveals how central banks are preparing to make major moves that could send gold and silver prices soaring.

As global financial instability grows and nations race to secure hard assets, Shelton explains why gold and silver are about to play a critical role in a new monetary era.

Judy Shelton: Central Banks Set to Trigger Massive Gold & Silver Price Surge!

Drizzle Zone:  7-27-2025

In this powerful interview, economist and former Fed advisor Judy Shelton reveals how central banks are preparing to make major moves that could send gold and silver prices soaring.

As global financial instability grows and nations race to secure hard assets, Shelton explains why gold and silver are about to play a critical role in a new monetary era.

 Could this be the moment precious metal investors have been waiting for?

Discover what’s driving central banks to accumulate gold

Why silver could experience an even bigger price breakout

How these shifts could impact your wealth and financial security

Don’t miss this urgent analysis – the gold and silver markets may never be the same again!

https://www.youtube.com/watch?v=FegWPAfQr6Q

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Iraq Economic News and Points To Ponder Sunday Afternoon 7-27-25

Iraq Ranks Third In The Arab World In The Number Of Bank Cards.
 
July 26, 2025   Baghdad / Iraq Observer   The Prime Minister's financial advisor, Mazhar Mohammed Salih,  confirmed on Saturday that digital transformation in financial transactions is an urgent need to address liquidity challenges, noting that  Iraq ranks third in the Arab world in terms of the number of bank cards issued. 

Saleh said, "Digital transformation in financial transactions has become an urgent need to address liquidity challenges, not just a technical upgrade," noting that

Iraq Ranks Third In The Arab World In The Number Of Bank Cards.
 
July 26, 2025   Baghdad / Iraq Observer   The Prime Minister's financial advisor, Mazhar Mohammed Salih,  confirmed on Saturday that digital transformation in financial transactions is an urgent need to address liquidity challenges, noting that  Iraq ranks third in the Arab world in terms of the number of bank cards issued. 

Saleh said, "Digital transformation in financial transactions has become an urgent need to address liquidity challenges, not just a technical upgrade," noting that

"Iraq ranks third in the Arab world in terms of the number of bank cards issued, an indicator of the development of the financial sector and increased onfidence in government procedures." 

 He explained that "the shift to electronic payments  contributes to the introduction of liquidity into official channels and  enhances  transparency and financial oversight,"
 
calling for "overcoming challenges such as weak trust in banksbureaucracy, and  fear of oversight by developing infrastructure and  providing incentives to citizens."    
  
https://observeriraq.net/العراق-يحتل-المرتبة-الثالثة-عربياً-بع/    

Iraqi Plan To Extend A Network Of Pipelines To Export Oil And Gas
 
July 26, 2025  Baghdad/Iraq Observer   The Ministry of Oil confirmed on Saturday that the contract to develop the Akkas gas field aims   to increase production in the first phase to 100 million standard cubic meters. While noting that the implementing American company will train the ministry's engineers in the latest technologies, the  Ministry revealed a plan for an export pipeline from the Akkas field and the extension of a network of pipelines within Iraq to export oil and gas.
 
 The Director General of the Central Oil Company, Mohammed Yassin, said, 
"Under the contract signed on July 22, the American company Schlumberger will drill six wells in the Akkas gas field, with the aim of adding 100 million standard cubic feet  to the current production of 45 million standard cubic feet, which is currently managed by national efforts."   

He added,  "The time period agreed upon in the contract is one year, which is sufficient for the targeted phase,"   expressing hope that the goal will be achieved in less than a year. 

 He continued,  "The field's maximum (peak) capacity is 400 million standard cubic feet,  but this phase of the contract targets only 100 million,  which is the first phase."

 He pointed out that "there is a plan to extend an export pipeline from the Akkas field to the Anbar complex station in Hit," explaining that  "the Ministry of Oil also has a plan to extend a network of branch pipelines within Iraq to export oil and gas."  

Yassin pointed out that  "contracting with a reputable international company operating in approximately 85 countries will yield technical gains for Iraq,  through training engineers on the latest technology."

 He emphasized that "there is training for our employees in the Central Oil Company and for new workers in the field."  He pointed out that  "the Akkas field is part of a larger plan, as many contracts were signed, especially last year, and were activated on January 1, 2025.

The most prominent of these is the Mansouriya gas field in Diyala, where oil operations began on January 1, 2025, and are proceeding faster than planned."
 
Regarding personnel, Yassin emphasized, 
"We certainly agree with all foreign companies on the system and policy for employing Iraqi businesses.
 
In this field, the vast majority of workers will be Iraqi, with priority given to employing people from nearby areas,  followed by those from more distant areas."    
  
https://observeriraq.net/خطة-عراقية-خطة-لمد-شبكة-أنابيب-متشعبة-ل/  

Iraq’s Development Road To Include 6 Airports And 15 Industrial Cities
 
    Business Iraq Jawad Al-Samarraie July 26, 2025

 Development Road Project could be key player to Iraq sustainability
 
Baghdad (IraqiNews.com) – Iraq’s Ministry of Transport recently unveiled key outcomes from a pivotal meeting led by Prime Minister Mohammed Shia Al-Sudani regarding the ambitious Development Road project. Held last Wednesday, the session brought together the Minister of Transport, the head of the Supreme Committee for Coordination Between Governorates, and various directors-general, advisors, along with a representative from Oliver Wyman, the project’s economic consultant.
 
Maytham Al-Safi, Director of Relations and Media for the Ministry of Transport,
told the Iraqi News Agency (INA) that discussions around the Development Road project have been continuous.
 
These meetings have involved the Ministry of Transport, other relevant institutions, and both the  Italian technical consultant (BTB) and the economic consultant, Oliver Wyman.
 
Delving into last Wednesday’s meeting,  Al-Safi explained that the Prime Minister stressed a clear commitment to implementing directives, particularly concerning the formation of a committee.
 
This committee will be tasked with determining the final route between Iraq and Turkey,  basing its decisions on technical and economic considerations.
 
Furthermore, the Prime Minister emphasized  resolving all existing challenges within the project and adhering to its strict timelines.
 
The meeting also featured a presentation by Oliver Wyman on the project’s economic and financial model, according to Al-Safi.

This presentation, a culmination of previous discussions with the Ministry of Transport,
outlined the economic framework to be presented to the Prime Minister,
leading to its finalization and preparation for investment offerings.
 
Regarding the project’s current status, Al-Safi confirmed that the preliminary design phase has concluded, and significant progress has been made in the detailed design stage.
 
The Ministry aims to present the project to major international companies by the end of the current year.
 
The project will be strategically divided into sections to encourage competition among global firms,
ensuring their adherence to international standards for successful implementation.
 
Beyond Iraq’s borders, Al-Safi disclosed that several countries are already formal partners in the project, including
     Turkey,
     Qatar, and the
     United Arab Emirates, via signed Memoranda of Understanding. Additionally,
 
another council has been formed, comprising
     Turkey,
     Hungary,
     Serbia, and
     Bulgaria,
representing the European dimension of the initiative.
 
Other nations also aspire to join the project, either in its execution or participation.
 
Al-Safi highlighted recent visits from economic representatives of various embassies in Baghdad to the Ministry of Transport and the Supreme Committee for the Development Road project,
including the Chinese economic advisor last year and the  Australian and  French ambassadors this year.
 
These discussions underscored widespread international interest in the project,
recognizing it as a global endeavor with implications beyond Iraq for the entire region and the world.
 
Ultimately, Al-Safi asserted that the Development Road project is poised to create thousands of job opportunities for Iraqis and fundamentally transform Iraq’s economic transportation landscape.
 
It is also expected to boost the national economic output,  leading to comprehensive Iraqi economic integration,  both domestically and internationally.

The project’s overarching policy aims for seamless connectivity across all sectors.
 
Al-Safi further clarified that the project will  integrate three existing major airports— Baghdad, Basra, and Najaf— and willconnect to three new airports slated to enter service:Nasiriyah, Karbalaa, and the recently opened Mosul airport.
 
Moreover, the project will link to 15 industrial cities, emphasizing its role beyond mere transit. He concluded by stating that
 
the project is an integrated developmental initiative,  benefiting connecting provinces by utilizing their raw materials and generating investment opportunities through local governments, institutions, and ministries.      https://www.iraqinews.com/business/iraq-development-road-airports-industrial-cities/

Experts: Al-Sudani's Field Visits Boost Development And Reduce Corruption
 
Economic 07/27/2025  Morning: Hussein Faleh  Economists consider Prime Minister Mohammed Shia al-Sudani's  visits to the governorates and  his direct monitoring of project implementation  an important step toward accelerating service delivery that directly impacts citizens.
 
They assert that the government has succeeded in advancing development. 
 Economic expert, Alaa Al-Fahd, said in an interview with Al-Sabah: “Al-Sudani focused on paying attention to investment projects and service projects,because the government raised the slogan (government of services), noting that the previous stage witnessed the Prime Minister following up on projects in the field with the governors, as well as opening them and following up on implementation rates through field visits and departments.” Television. He added that
 
Competition between governorates 
 
this has a direct impact on accelerating the pace of progress and stimulating competition between governorates to complete these projects,  particularly with regard to service provision.

He explained that  this has witnessed unprecedented success for the government through its  presence on the ground and its genuine efforts to overcome the obstacles, problems, and challenges  facing the implementation of these projects.  Al-Fahd continued, saying that
 
development projects
 
the projects to relieve bottlenecks in Baghdad represent among the most prominent strategic projects that the government has directly supervised,
in addition to other projects in the governorates that are considered development projects,
as well as gas investment projects, stressing that
 
these field visits constitute a very important positive point and indicate the Prime Minister’s direct interest in the progress of implementing these projects, stressing that
these projects combined have contributed in a real way to pushing Wheel of development forward.

Project completion
 
For his part, economic researcher Abdul Salam Hassan told Al Sabah that
 
the Prime Minister's visits to the governorates
and his direct supervision of project completion
are evidence of the government's sophistication
and keen interest in the service projects citizens need. He added,
 
"We support the Prime Minister because these steps motivate local officials and encourage them to follow up on projects and complete them on time."  

He added,  "These efforts must be accompanied by attention to the citizens, especially the poor and destitute segments in the governorates, as there are families who have no breadwinner, no salary, and no housing."
 
He stressed the need to pay attention to these segments so that achievements are parallel to service and urban projects.
 
Field follow-up
 
Economic expert Nazir Al-Saadi told Al-Sabah:  “The Prime Minister’s field monitoring and presence within the work arena carries many positives, as it enhances implementation capabilities and provides solutions to all challenges facing the project.
 
It also contributes to providing important observations that enhance implementation capabilities through encouragement and facilitation of completion requirements.”

He pointed out that  the Prime Minister's presence on the ground protects the country from the problems of delayed projects. He also ensures that the Prime Minister is fully aware of all projects, ensuring smooth implementation and  protecting the country from the spectre of corruption that haunts the field of work.     https://alsabaah.iq/118047-.html   

 

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

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Seeds of Wisdom RV and Economic Updates Sunday Afternoon 7-27-25

Good Afternoon Dinar Recaps,

BRICS Trade Settlements Shift Away from USD: 50% Now in Chinese Yuan

A growing share of BRICS trade is being settled in local currencies, with the Chinese yuan emerging as the leading alternative to the US dollar. According to a recent report from the Official Monetary and Financial Institutions Forum (OMFIF), over 50% of intra-BRICS transactions are now conducted in yuan—a clear signal that the bloc’s de-dollarization efforts are accelerating.

Good Afternoon Dinar Recaps,

BRICS Trade Settlements Shift Away from USD: 50% Now in Chinese Yuan

A growing share of BRICS trade is being settled in local currencies, with the Chinese yuan emerging as the leading alternative to the US dollar. According to a recent report from the Official Monetary and Financial Institutions Forum (OMFIF), over 50% of intra-BRICS transactions are now conducted in yuan—a clear signal that the bloc’s de-dollarization efforts are accelerating.

Yuan Gains Ground Within BRICS Bloc

China is actively promoting the use of its currency within the BRICS alliance to settle trade deals, bypassing reliance on the US dollar. OMFIF data shows:

  • 50% of intra-BRICS transactions are now settled in the Chinese yuan;

  • 80% of Russia’s trade is conducted in national currencies such as the yuan and ruble;

  • India and Russia previously executed crude oil trades in rupees and rubles, bypassing the USD.

India alone reportedly saved more than $7 billion in foreign exchange fees through these non-dollar oil trades with Russia before President Trump returned to office in January.

Local Currency Use Rises, But USD Still Dominates Globally

While these intra-BRICS developments are notable, they must be understood in a broader global context:

  • The yuan accounts for just 2% of global cross-border payment activity;

  • The US dollar remains dominant, used in 88% of all international foreign exchange transactions.

Despite China’s push to internationalize the yuan, its global influence remains limited compared to the dollar. The shift within BRICS, while significant regionally, has not yet translated into a broader global trend.

Political Considerations and Strategic Positioning

The move toward local currency settlements is also being driven by political considerations:

  • China, Russia, and Iran are increasingly turning to non-dollar transactions to shield their economies from US sanctions;

  • The use of the yuan allows these nations to reduce their exposure to US financial pressure and trade restrictions.

However, this approach is not uniformly embraced across the bloc. India, for example, has distanced itself from the de-dollarization agenda in recent months. Amid concerns over potential US tariffs under the Trump administration, India has issued multiple public statements reaffirming its commitment to using the US dollar in trade.

A Fragmented Future for Global Settlements?

The shift in BRICS trade settlements suggests a growing regional preference for currency diversification. But despite the yuan’s growing role within the bloc, the global monetary system remains firmly anchored to the dollar.

The BRICS de-dollarization agenda may be gaining momentum in isolated corridors, but broader adoption still faces structural, geopolitical, and liquidity-based hurdles. For now, the greenback remains unchallenged on the world stage.

@ Newshounds News™
Source: 
Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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