Tidbits From TNT” Friday 7-4-2025

TNT:

Tishwash:  The Association of Private Banks to Nina: Iraq has made significant progress in promoting financial inclusion...and these are the requirements for the success of international standards.

The Iraqi Private Banks Association confirmed: "Iraq has achieved significant progress in financial inclusion thanks to the Central Bank's commitment to implementing international standards."

The head of the association, Wadih Al-Handhal, said in a statement to the National Iraqi News Agency ( NINA ), that "the Central Bank of Iraq is moving forward in implementing compliance standards and enhancing financial inclusion in the banking sector, and the Banks Association also supports raising awareness of financial inclusion."

He explained that "the success of the basic requirements for implementing these standards and achieving advanced levels in combating money laundering depend on training specialized and qualified staff to use information and databases, based on the principle of knowing the customer and the sources of his funds."

He added: "The Middle East and North Africa Financial Action Task Force (MENAFATF) has transformed Iraq from a gray zone to a monitoring area, and this is true evidence that Iraq has achieved significant progress in enhancing financial inclusion and combating money laundering and terrorist financing," noting that "the need for legal legislation still exists, and we must move forward in training human cadres to keep pace with the rapid digital and technological transformation in the world."

Regarding the financial inclusion rates achieved by Iraq, Al-Handhal explained that, “according to international standards, the current financial inclusion rate in Iraq has exceeded 46% compared to previous years, which is a very significant progress with which we seek to achieve a rate of 90-95% in cooperation with the Central Bank in the near future. The Arab Monetary Fund is also very satisfied with this rate and is following the growth of the banking sector. It considers Iraq to be implementing financial inclusion through a sound mechanism that has contributed to Iraq’s progress in ranking ahead of other countries.”  link

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Tishwash:  Government advisor: The government has succeeded in managing fiscal policy.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, explained on Friday the reasons for the delay in submitting the budget schedules, while stressing that the government has succeeded in managing the country's financial and economic policy.

Saleh said, "The financial compass reading, which required the submission of the 2025 budget tables for legal approval under Article 77/Second of the Budget Law, was truly delayed for two fundamental reasons. The first was to await the amendment to the three-year general budget law regarding the value of the region's oil contracts and the costs of transporting its oil, which were not approved until last February. The other reason relates to the fluctuations that global energy markets were exposed to and the effects of global oil prices on the general budget, which also required rereading some financial constants and variables, whether revenues, expenditures, deficit financing and its sources, more than once due to international geopolitical and economic problems and the major issues that occurred in the global economy at a rapid pace, which led to the generation of volatile shocks in close periods of the current fiscal year, which necessitated hedging against external shocks."

He added that "all these factors led to the delay in submitting budget schedules to review some of its inputs and outputs," noting that "there is significant and ongoing cooperation between the legislative and executive authorities in monitoring and managing the country's financial affairs, with understanding, interaction, and optimization of great importance to ensuring the economic stability the country is experiencing."

Regarding the impact of delayed budget schedules on projects included in the investment section, Saleh pointed out that, “Based on the Federal General Budget Law No. 13 of 2023, the three-year budget, the federal financial policy was formed based on an approach called ‘fiscal space’, which gave it the high capacity to move dozens of approved and previously suspended strategic government projects forward into implementation.

This is what distinguished it with a highly active development wheel in implementing service projects that the country is witnessing without interruption, and its results have become tangible thanks to the success of the three-year budget, in addition to the major projects approved in the 2023 and 2024 budget schedules, which are currently ongoing without interruption.”

He stressed that “the state’s investment approach is proceeding in line with the sustainability of economic development and in accordance with the high positive results currently achieved in growth rates and the great economic stability that the country is witnessing, whether in terms of declining unemployment rates, increasing economic growth, and price stability, in an active and compatible trilogy achieved as a result of the success of the country’s financial and economic policy without interruption in the wheels of public spending, including the current year 2025.”

He continued, "As far as the rights and entitlements acquired in the operational aspect of the general budget are concerned, but have not been disbursed and are contingent upon the submission of the 2025 financial schedules, these are legally protected rights reserved for their beneficiaries and are not subject to statute of limitations. They are merely a matter of timing and will be disbursed upon the approval of these schedules or any adjustment that does not conflict with the law."  link

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Tishwash:  The US Treasury is pursuing corruption funds... and the Baghdad government remains silent.

An Imminent Crisis in the Iraqi Financial Sector: Has the Phase of Comprehensive Sanctions Begun?

Iraq's financial system is facing new signs of turmoil after the disruption of salary payments through some electronic payment companies affiliated with government institutions. While the reasons for the disruption appear technical, informed sources confirm that the matter is linked to US investigations targeting Iraqi banks and companies suspected of involvement in money laundering operations abroad, to countries including Turkey, Iran, and the UAE.

The same sources explained that the US Treasury had granted a grace period to a number of private banks and electronic payment companies to rectify their status and comply with international standards for combating money laundering and terrorist financing, including the Financial Action Task Force (FATF) and Know Your Customer (KYC) requirements. However, many of these entities have not demonstrated sufficient seriousness in resolving their cases, opening the door to the inclusion of new names on US sanctions lists in the near future.

 This situation threatens to directly disrupt the financial market's performance, especially if the sanctions affect active institutions relied upon to pay salaries and finance daily commercial activities. Experts expect liquidity within the market to be significantly affected, amid growing concerns about declining public confidence in local banks.

 This is particularly true with the increased demand for dollars for external transfers or for storage in anticipation of any unexpected developments. This pressure could lead to a decline in the value of the Iraqi dinar and a rise in the dollar on the parallel market, which would impact the prices of goods and services in an already tense economic environment.

Meanwhile, regulatory authorities within Iraq , led by the Central Bank, are preparing to impose stricter oversight on the activities of banks and money transfer companies in an attempt to avoid further escalation. This is particularly true since some technical reports have revealed clear violations in the performance of some banking institutions, including massive financial transfers abroad without legal documentation, the issuance of credit cards to fictitious accounts, and suspicions of financing prohibited activities or smuggling hard currency.

Despite the bleak outlook, observers believe the crisis could mark a turning point in Iraq's financial reform process. It has become imperative to restructure the private banking sector and impose strict regulatory classifications, along with a comprehensive review of electronic payment companies to ensure their compliance with international standards, and to open the door to broader partnerships with globally licensed financial service providers.

In this context, the crisis may turn into an opportunity to reshape the financial market in Iraq, starting with cleansing the banking environment of unregulated entities and bolstering international institutions' confidence in the Iraqi transfer and oversight system. The shift toward a more transparent and governed environment is not a luxury, but rather a necessity imposed by both domestic realities and international pressures.

Iraq today stands at a critical crossroads: either integrate into the global financial system on its terms and ensure gradual stability in its banking sector, or continue sliding toward financial isolation, which will have direct repercussions for the lives of citizens and the country's economy as a whole. link

Mot:  Come and Get it!!! -- Lunch is Ready!!!!

Mot:  Lee Greenwood, US soldiers release new version of 'God Bless the USA'

https://www.youtube.com/watch?v=0Japc8M8RQw

Iraq Economic News and Points To Ponder Friday Morning 7-4-25

The Dollar Continues To Fall Against The Dinar In Baghdad.

Economy | 10:40 - 03/07/2025  Mawazine News – Baghdad  The US dollar exchange rate fell on Thursday morning in the markets of Baghdad and Erbil, the capital of the Kurdistan Region.

The dollar price fell on the Al-Kifah and Al-Harithiya stock exchanges to 141,100 Iraqi dinars for every $100, while yesterday, Wednesday, it recorded 141,350 dinars for every $100.

Selling prices fell in exchange shops in the local markets in Baghdad, where the selling price reached 142,000 Iraqi dinars for every $100, and the buying price reached 140,000 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=263394

Gold Prices Fall Globally

Economy | 03/07/2025  Mawazine News - Follow-up:  Gold prices fell in global markets on Thursday as tensions eased between the United States and Vietnam following their conclusion of a trade agreement, while traders awaited US jobs data later in the day for clues on the path of US interest rates.

By 00:29 GMT, spot gold was down 0.3% at $3,345.57 per ounce. US gold futures lost 0.1% to $3,356.60.
US President Donald Trump said on Wednesday that the United States would impose 20% less tariffs on various goods from Vietnam than it had pledged.

The Southeast Asian nation is the tenth-largest trading partner of the United States.
Meanwhile, US and Indian negotiators sought to finalize a deal to reduce tariffs before a July 9 deadline set by Trump.

Trump showed no signs of extending the negotiating deadline despite stalled discussions with Japan, another major trading partner, but expressed optimism about a deal with India.

Markets are currently pricing in a 66 basis point cut in US interest rates this year, between September and December.

Among other precious metals, spot silver fell 0.6% to $36.36 an ounce, platinum lost 0.5% to $1,412.13, and palladium fell 0.4% to $1,150.28.  https://www.mawazin.net/Details.aspx?jimare=263390

Slight Rise In Iraqi Oil Prices On Global Markets

economy | 03/07/2025  Baghdad Today – Baghdad  Iraqi oil prices recorded a slight increase during daily trading on Thursday in the global market.

According to data reviewed by Mawazine News, Basra Medium crude recorded $68.18 per barrel, while Heavy crude recorded $65.18 per barrel, with a change of +0.23 for both.

The data also showed global oil prices, with British Brent crude recording $68.57 per barrel, while US West Texas Intermediate crude recorded $66.92 per barrel. https://www.mawazin.net/Details.aspx?jimare=263389

Statistics: A Slight Decrease In Iraq's Domestic Public Debt.

Economy | 03/07/2025  Mawazine News - Baghdad -  The Central Bank of Iraq announced, on Thursday, a slight decrease in the domestic public debt at the end of April 2025.

The bank said in an official statistic reviewed by Mawazine News that "Iraq's domestic public debt decreased at the end of April of this year to reach 85 trillion and 503 billion Iraqi dinars, down from 85 trillion and 536 billion dinars in March."

The bank added that "the decrease was a result of the repayment of loans from financial institutions, which amounted to 19 trillion and 119 billion dollars, after it was 19 trillion and 152 billion dollars."

He pointed out that "the remaining debts are owed by the Ministry of Finance, amounting to 756 billion dinars, and treasury transfer debts at the Central Bank and commercial banks, amounting to 51 trillion and 30 billion dinars, in addition to treasury transfers on the account of the Ministry of Finance amounting to 2 trillion and 30 billion dinars, and national term debts due to farmers amounting to 12 trillion and 568 billion dollars."   https://www.mawazin.net/Details.aspx?jimare=263396

Chaos And Sole Control... Who Is Behind The National Bank's Monopoly On Foreign Remittances?
 
Economy  2025-07-03 | 830 views  Alsumaria News – Economic  The banking sector in Iraq has recently witnessed a surge in popular discontent and  political controversy  following the National Bank of Iraq's dominance of remittances from abroad.
 
This has led to the  exclusion of several local banks from this vital sector, causing real crises for citizens and  raising widespread questions about the motives behind this monopoly and who is behind it.
 
A sudden decision... and a mysterious exclusion  
 
The story began when a sudden central decision was made to assign the responsibility for foreign remittances to the National Bank of Iraq.
 
This move, observers described as having implications that transcended technical or regulatory considerations, was particularly significant after the exclusion of well-known Iraqi banks that had been performing this role with relative efficiency.
 
Informed sources revealed that the   decision was made under pressure from influential figures seeking to  strengthen their financial influence within the banking sector, exploiting the so-called "financial window system," which regulates the receipt of remittances.
 
Sources indicate that  these figures share common interests with some members of the National Bank's senior management,  opening the door to potential financial and administrative corruption.

Monopoly disrupts the market... and citizens pay the price  
 
Since the National Bank of Iraq took over remittance management, receiving offices in Baghdad and other governorates have witnessed unprecedented congestion and frequent delays,
 
not to mention technical problems and unprofessional behavior by some employees, according to citizen complaints.
 
Citizen (K.N.), one of the affected people, confirmed to Sumaria News , “After the National Bank took over the remittances, I went to collect my remittances and I kept moving from one office to another because each employee sent me to another,” explaining that
 
“the current administration does not organize the work and we need to facilitate procedures for citizens, not complicate matters.”
 
Citizen Abu Ali complained about the poor technical services, telling Sumaria News, "Since the day the National Bank took over the remittances, the application has become even more dysfunctional." 

 He stated that  "the application stops repeatedly,  transfers are delayed or do not arrive, and  if a malfunction occurs, there is no one to respond,  in addition to the endless excuses."
 
Substandard customer service 
 
There have been numerous complaints about poor customer treatment at bank branches,
sparking a wave of anger on the street.
 
Citizen (H.A.) said, “When I went to the bank to inquire about a transfer that arrived in my name,
I was surprised by the way some employees treated me,” explaining that “this is worrisome.”
 
Employee (J.S.) stated, “I received a transfer through Al-Ahli Bank, after reviewing and postponing the appointment more than once,” explaining that “the customer is being neglected, as if he is forced to endure the mismanagement and delays.”

Delayed remittances... losses and suffering  
 
Delays in remittances have become an almost daily occurrence,
causing economic damage to many citizens who rely on these funds to make ends meet.
 
“I called customer service to inquire about a delayed transfer, but there was no response,” Y.M. said.  He continued,
 
"When they do respond, the response is general and useless," noting that "since Al Ahli Bank took over the remittances, the problems have increased and there are no real solutions."
 
Citizen (A.D.) describes the situation as a “real crisis,” noting,  “When I receive a remittance from abroad through Al-Ahli Bank, there is definitely a delay, and  it does not arrive on the same day.” 

He stressed that  "this causes us embarrassment due to the financial obligations we have," calling for other Iraqi banks to be allowed to conduct remittances and not for the National Bank to monopolize them.
 
Unanswered questions... and regulatory authorities remain silent 
 
In light of this critical situation, citizens and those interested in financial affairs are raising questions about the entity that made the decision to restrict remittances to the National Bank, and why other banks that provided acceptable services were excluded.
 
Why don't regulatory bodies, such as the Central Bank of Iraq and the Integrity Commission, investigate the reasons behind the decision?
 
Economists warn that "the continuation of this monopoly will lead to  financial distortions in the remittance market, pressure on citizens, and a collapse in public confidence in the local banking sector."
 
Calls for a transparent investigation 
 
Economists are calling for "a transparent investigation into the allocation of remittances to the National Bank,  and for any party that manipulated banking competition or led to the exclusion of other Iraqi banks to be held accountable." 

They are also calling on the Central Bank  to "urgently intervene and redistribute the remittance file to qualified banks according to standards of efficiency and fairness."  
  
https://www.alsumaria.tv/news/economy/532189/فوضى-وتحكم-منفرد-من-يقف-وراء-احتكار-الحوالات-الخارجية-للمصرف-الأهلي؟   

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

Seeds of Wisdom RV and Economic Updates Friday Morning 7-4-25

Good Morning Dinar Recaps,

House GOP Declares ‘Crypto Week’ to Advance Landmark Digital Asset Bills

House Republicans launch a coordinated push to transform U.S. crypto regulation—while halting central bank digital currency plans.

The U.S. House of Representatives is set to make cryptocurrency a legislative priority during the week of July 14, as House Republicans declare “Crypto Week”—a focused legislative campaign aimed at reshaping digital asset regulation and blocking the issuance of a Federal Reserve-backed central bank digital currency (CBDC).

The effort is part of former President Donald Trump’s broader policy strategy to establish the U.S. as a global leader in blockchain innovation and crypto competitiveness.

Three Key Bills Take Center Stage

During Crypto Week, House leadership will spotlight three critical pieces of legislation:

• The CLARITY Act

• The Anti-CBDC Surveillance State Act

• The GENIUS Act

“After years of dedicated work in Congress on digital assets, we are advancing landmark legislation to establish a clear regulatory framework,” said Rep. French Hill (R-AR), Chair of the House Financial Services Committee.

The bills aim to deliver regulatory certainty, protect consumer rights, and prohibit the Federal Reserve from issuing a CBDC—a digital version of the U.S. dollar that critics argue would endanger financial privacy.

Legislative Milestones Already Achieved

The groundwork for Crypto Week has already been laid:

• In April, the Anti-CBDC Surveillance State Act passed out of committee with a 27–22 vote.

• In June, the CLARITY Act was approved by both the House Financial Services and Agriculture Committees. The bill seeks to remove the SEC’s current oversight authority over crypto.

• That same month, the GENIUS Act cleared the Senate and now awaits a House vote.

“Time and again, we have heard the calls for regulatory clarity,” said Rep. GT Thompson (R-PA), Chair of the Agriculture Committee. “It will soon be time for the House to deliver for the American people and send CLARITY to the Senate.”

Crypto Week Signals a Turning Point

Rep. Tom Emmer (R-MN), a leading crypto advocate in Congress, said that the legislation represents a commitment to financial privacy and free-market innovation.

“American innovators are one step closer to having the clarity they need to build here at home,” Emmer said, “while ensuring the future of the digital economy reflects our values of privacy, individual sovereignty, and free-market competitiveness.”

Senator Cynthia Lummis (R-WY) emphasized that this federal momentum mirrors the trailblazing work already done at the state level.

“In Wyoming, we’ve worked for nearly a decade to embrace digital assets. It’s exciting to see the federal government beginning to follow in the Cowboy State’s footsteps.”

Lummis confirmed she is working closely with Rep. Hill and Rep. Thompson on comprehensive stablecoin legislation, adding:

“We must ensure any CBDC respects Americans’ privacy and financial freedom.”

As Crypto Week approaches, momentum continues to build for a comprehensive redefinition of how the U.S. treats digital assets—shifting the country’s position from reactive oversight to proactive leadership.

@ Newshounds News™
Source: Decrypt

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US Senator Cynthia Lummis Drafts Standalone Crypto Tax Bill

Wyoming lawmaker seeks to overhaul digital asset taxation—cutting red tape, ending double taxation, and boosting U.S. innovation.

Senator Cynthia Lummis (R-WY) introduced a standalone draft bill on Thursday to modernize the U.S. tax code for digital assets—after previous attempts to include crypto reforms in the federal budget package failed.

The new legislation is designed to provide regulatory clarity and eliminate double taxation on crypto transactions involving staking, mining, and lending.

Key Provisions:

▪️ A de minimis exemption for crypto capital gains under $300 per transaction, with an annual cap of $5,000
▪️ Tax deferral on staking and mining rewards until the underlying assets are sold
▪️ Exemptions for crypto lending agreements and charitable donations involving digital assets

“This groundbreaking legislation is fully paid for, cuts through the bureaucratic red tape, and establishes common-sense rules that reflect how digital technologies function in the real world,” said Lummis.

“We cannot allow our archaic tax policies to stifle American innovation. My legislation ensures Americans can participate in the digital economy without inadvertent tax violations.”

The standalone bill is now the primary legislative vehicle for Lummis to fulfill her pro-crypto policy promises, particularly after Congress advanced the 2025 budget without incorporating any digital asset tax reforms.

Crypto Taxation Remains a Flashpoint

Across the U.S. crypto landscape, unclear and inefficient tax rules continue to frustrate investors, developers, and businesses.

A particular area of concern is the treatment of decentralized finance (DeFi) protocols and non-custodial platforms, where developers do not hold user funds or control consensus. Without updated tax code language, these actors risk being misclassified as money transmitters and subjected to reporting obligations designed for centralized financial institutions.

In June, lawmakers introduced an amendment to the Digital Asset Market Clarity Act of 2025—exempting DeFi developers from these requirements. That amendment, if retained in the final version of the bill, would protect innovation by distinguishing between centralized and decentralized projects.

A Race Against Time

U.S. lawmakers are working urgently to finalize crypto-related language in the upcoming federal spending bill, now headed to President Donald Trump’s desk. Whether Lummis’s proposals make it into law through this new standalone bill or are folded into broader packages remains to be seen.

But with bipartisan attention intensifying around crypto taxation, Lummis’s bill may mark a pivotal shift toward fairer, innovation-friendly tax treatment for U.S. digital asset holders. 

@ Newshounds News™
Source: Cointelegraph   

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MilitiaMan & Crew: Iraq Dinar News-USA Treasury-Baghdad & Kurdistan-Oil-Salaries

MilitiaMan & Crew:  Iraq Dinar News-USA Treasury-Baghdad & Kurdistan-Oil-Salaries

7-3-2025

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

UST-Iraq Central Bank: Bridging Compliance and Standards in the Global Financial System

Welcome to our deep dive into the complexities of Iraq's financial landscape, focusing on the pivotal role of the U.S. Treasury (UST) and the Central Bank of Iraq in establishing international compliance and financial standards.

 In this video, we explore the intricate relationship between the Kurdistan Region and Baghdad, particularly regarding salary structures and the oil economy that significantly impacts both regions.

Key Topics Covered:

UST and Iraq's Central Bank: Understand how the U.S. Treasury engages with Iraq's Central Bank to enforce compliance with international financial regulations and standards.

Kurdistan and Baghdad Dynamics: Examine the ongoing negotiations and tensions between the Kurdistan Regional Government (KRG) and the Iraqi central government, focusing on salary distribution and oil revenue sharing.

Oil Revenue Implications: Learn how Iraq's vast oil reserves influence economic stability and the negotiations between the KRG and Baghdad, shaping the lives of citizens in both regions.

 ASYCUDA world System: Discover how the ASYCUDAworld system is revolutionizing customs operations in Iraq, fostering global integration and facilitating smoother trade processes.

Global Integration: Investigate the importance of integrating Iraq into the international financial system and the challenges faced along the way. Join us on this informative journey as we uncover the complexities of Iraq's economic environment and the efforts being made to align with global standards.

https://www.youtube.com/watch?v=PpqW5b6gCo8

Iraq Economic News and Points To Ponder Thursday Evening 7-3-25

The End Of Dollar Dependence Or The Beginning Of Censorship? The National Payments Project Raises The Question Of "Financial Sovereignty" - Urgent
 
Baghdad Today – Baghdad  In a pivotal step toward internal monetary independence, the Central Bank of Iraq (CBI) issued an official circular to all banks and electronic payment service providers 
announcing the commencement of the implementation of the National Card Scheme project.
 
This is a local payment system  managed through the national switchboard, completely separate from international platforms such as MasterCard and Visa.

The decision comes at a particularly sensitive time, following the Popular Mobilization Forces (PMF) salary crisis and sanctions imposed on several banks, amid indications that Iraq is shifting to a relatively closed monetary environment in the face of external pressures.
 
A national system that excludes international companies
 
According to a circular obtained by Baghdad Today, the Central Bank has ordered the launch of a local system for settling bank card payments within Iraq, without going through any international entity.
 
The circular outlined the need to adopt national codes such as BIN and AID to  identify payment cards and link them to the national switchboard, implicitly  eliminating any reliance on global payment networks such as Visa and MasterCard for local transactions.
 
The circular emphasized that this project  is "exclusively local" and will be completed by the end of this year,  paving the way for its official adoption starting early next year.
 
Motives for the decision: from sanctions to mobilization
 
Banking expert and former Central Bank official Mahmoud Dagher told Baghdad Today that  "the decision is partly linked to  international sanctions and  pressure on Iraqi banks, so an alternative internal system is being considered.

" He added,  "Iraq faces no legal or technical obstacles to establishing this type of system, and many countries have preceded us in this," but he explained that  "local systems remain limited and cannot be used outside the country's borders.

" It's worth noting that  the decision came after the Popular Mobilization Forces' salaries were frozen at some banks linked to international payment systems, opening a new door for the Central Bank to restructure its payments infrastructure away from international political influence.
 
Monetary shift or financial isolation?
 
The new approach coincides with escalating tensions between Baghdad and Washington,
and with the ongoing pressure on major Iraqi banks accused of financing entities sanctioned by the US. In this context, it appears that the Central Bank has decided to proceed with a project that protects  the domestic market from any "potential political freeze."

However, this option, despite its importance in terms of sovereignty, raises questions:
 
Can global payment systems really be dispensed with?
 
Is Iraq structurally prepared to operate a closed system capable of meeting domestic demand?
 
Most importantly: Does this project pave the way for a gradual financial decoupling from the dollar?
 
The National Card Scheme project is not merely a technical decision regarding banking infrastructure;
it is a step with political, economic, and security dimensions.
 
If completed by the end of the year as planned, Iraq will have taken its first steps toward "internal monetary independence."
 
However, this remains conditional on the state's ability to ensure efficiency, prevent collapse, and build confidence in a system that has yet to be tested in a fragile economic reality. 
Source: Baghdad Today + Agencies      https://baghdadtoday.news/277819-.html

The Central Bank Of Iraq Participated In The Arab Conference On Savings And Financial Culture 2025, Held In The Tunisian Capital, Tunis,

July 2 to 3, 2025.Representatives from regulatory bodies, central banks, insurance companies, and investment companies from various Arab countries participated.
 
This participation serves as a boost to the implementation of the National Strategy for Financial Inclusion in Iraq for the years 2025-2029, recently launched by the Central Bank, and as part of its efforts to enhance regional cooperation and exchange expertise in the areas of  
financial literacy,  financial consumer protection, sustainable financing, and  household savings.
 
The conference featured a number of important sessions that addressed topics
directly related to the axes of national financial inclusion strategies in Arab countries, including: 

    Financial literacy strategies and funding sources.
    The role of digital finance in promoting financial inclusion. 
    Financial services consumer protection.
    Microfinance and the role of social banks. 
    Using artificial intelligence to spread financial literacy.
 
The Central Bank of Iraq delegation also held a series of coordination meetings with its counterparts from Arab countries and regional and international organizations to discuss opportunities for technical cooperation and the exchange of institutional expertise.

In its contributions to the conference sessions, the Central Bank delegation emphasized the importance of developing financial literacy in Iraq as a fundamental pillar for enhancing financial inclusion and    achieving economic stability.
 
This participation comes within the framework of the Central Bank of Iraq's commitment to implementing regional and international best practices, 
its ongoing  efforts to develop the institutional and digital infrastructure of the financial system, and  enable individuals and communities to access financial services in a safe and comprehensive manner.      https://cbi.iq/news/view/2926 

Government Advisor: Iraq's Renaissance Depends On Transforming Oil Assets Into Productive Investments
 
Time: 2025/07/03 12:03:38 PM Read: 180 Times  {Economic: Al Furat News} The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, emphasized that the  country's renaissance lies in maximizing investment activity with strong impetus toward accelerated sustainable development.  

He pointed out that this is a strategic issue that can only be resolved through the country's economic resources in general, and specifically by transforming extracted oil assets into productive investment capital assets in vital economic sectors.
 
In a statement to Al Furat News, Salih emphasized that  the government is engaged in   implementing its productive activities,   extending horizontally and vertically, through the implementation of strategic and service-oriented investment projects.
 
Challenges of Financing the Investment Budget and Opportunities for Improvement
 
The financial advisor explained that the operating budget imposes a spending restriction even in difficult circumstances, when the country's oil revenues are severely reduced. He emphasized that financing the investment budget is the most affected in such circumstances.

He added that  the opportunity for improvement in oil revenues means that the investment accelerator will operate at a high and accelerated pace to maximize GDP growth.
 
This is in light of the strict adherence to the government program, which has undertaken to implement the principle and vision of a "service government."

"Service government": Embodying the government's role in reconstruction
 
Saleh considered the principle of a "service government" to be an embodiment of the key role currently being played by the government across the country,
 
starting with the implementation of the One Million Housing Unit Project and the  establishment of new cities, and ending with the  school buildings project (one thousand schools), and the  construction of hospitals and various health facilities, in a manner unprecedented in the reconstruction process in Iraq. 

He also pointed to the development of infrastructure in the country's cities by advancing electricity, water, sanitation, and road projects without interruption and in an integrated manner. Saleh pointed out that the
 
Oil Investment Strategy and Its Role in Development
 
oil, gas, and other natural resource investment strategy is constantly evolving to feed and supplement the financial resources needed for the investment budget, which aims to develop investment activity linked to sustainable development and economic prosperity.
 
Reconstruction Driven by Oil Revenues
 
The financial advisor concluded his statement by emphasizing that reconstruction is now financed by oil revenues before being financed by external borrowing. He explained that the goal of oil revenues, when they rise, will be to develop productive assets in sectors that contribute to diversifying the national economy.

 He stated that as oil prices rise and higher financial returns are achieved, they will be more aligned with the strength of the implementation of development projects outlined in the country's government program and plans, which drive most new projects, especially those anticipated years ago.
 
This comes in line with a careful and precise program that builds a development renaissance based on a strong investment push, through a development movement unprecedented in the country's history.
 
This momentum  will continue unabated in the coming months,  with a robust and expansive urban development map,  supported by the high level of stability the country is witnessing in all economic, political, and security fields.  
  
https://alforatnews.iq/news/مستشار-حكومي-نهضة-العراق-مرهونة-بتحويل-الأصول-النفطية-إلى-استثمارات-منتجة  

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

Iraq Economic News and Points To Ponder Thursday Afternoon 7-3-25

An Expert Warns Of The US Federal Reserve's Restrictions On Iraq's Financial Sovereignty.
 
 July 2, 16:23  Information/Special..  Economist Diaa Mohsen confirmed on Wednesday that Iraq still lacks independent economic decision-making due to the restrictions imposed by the US Federal Reserve on its funds, warning of the repercussions of the continuation of this situation on the country's financial sovereignty. 

Mohsen told Al-Maalouma News Agency, "After Iraq was released from Chapter 7 in 2011, theUnited States deposited its funds in the US Federal Reserve under the pretext of protecting them."

He pointed out that  "the returns generated by these deposits are much less than what could have been achieved if the funds had been invested  directly by the Iraqi government or  through partnerships with various countries." 

He stated that "Iraq's continued existence under these restrictions  is unacceptable and  deprives it of significant economic opportunities," emphasizing that"liberating Iraq from the authority of the US Federal Reserve would  revitalize the national economy and  open up broader horizons for financial development." 

He added that  "Iraq's continued dependence on the US decision makes it vulnerable to financial sanctions in the event of any political dispute with Washington, as the latter could simply seize Iraq's funds or prevent their use." End 25 Sh       
https://almaalomah.me/news/103365/economy/خبير-يحذر-من-قيود-الفيدرالي-الأمريكي-على-السيادة-المالية-الع    

Source: Iraqi Banks Rebel Against The Central Bank And Pay Salaries Despite Sanctions!
 
July 3, 2025 Last updated: July 3, 2025  Al-Mustaqillah - In a dangerous development that could herald a domestic financial crisis, an informed source revealed to Al-Mustaqillah on Thursday that the Central Bank of Iraq has issued strict directives to a number of Iraqi banks, including  halting the payment of salaries to some government institutions in the coming period.
 
This is due to US sanctions imposed on some Iraqi financial institutions and the expiration of the deadline Washington had granted Iraqi banks to rectify their situation. 

According to the source, the Central Bank warned of the repercussions of ignoring these sanctions,
especially after the end of the grace period granted by the US Treasury Department to Iraqi banks to     settle their transactions and  avoid potential sanctions.

However, the source noted that some banks—both private and government—  did not comply with the Central Bank's directives and insisted on disbursing salaries to specific government institutions,
 
a move described as a "direct and stubborn challenge" to the directives of the country's supreme monetary authority.

This escalation between the Central Bank and some banks raises serious questions about Iraq's compliance with international sanctions and the ability of its financial institutions to maintain monetary stability amid mounting political and economic pressures.
 
This situation also raises employees' concerns about   delayed salaries and the  potential for the crisis to expand  in the event of escalating sanctions or new US measures that could affect other accounts and banks.
 
While the Central Bank remains silent on these leaks, observers believe that Iraq is entering a critical phase in its engagement with the international financial system, particularly with the increasing reports of money being smuggled to banned entities and the involvement of some banks in suspicious financial transactions.
 
Will we soon witness an open confrontation between the Central Bank and the "rebellious" banks?
Will salaries be paid?
Or will US sanctions turn the tables on everyone?    https://mustaqila.com/مصدر-مصارف-عراقية-تتمرد-على-المركزي/   

Government Advisor: Iraq's Renaissance Depends On Transforming Oil Assets Into Productive Investments
 
Time: 2025/07/03 12:03:38 PM Read: 180 Times  {Economic: Al Furat News} The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, emphasized that the country's renaissance lies in maximizing investment activity with strong impetus toward accelerated sustainable development.

He pointed out that  this is a strategic issue that can only be resolved through the country's economic resources in general, and specifically by transforming extracted oil assets into productive investment capital assets in vital economic sectors.
 
In a statement to Al Furat News, Salih emphasized that the government is engaged in  implementing its productive activities,  extending horizontally and vertically, through the implementation of strategic and service-oriented investment projects.
 
Challenges of Financing the Investment Budget and Opportunities for Improvement
 
The financial advisor explained that the operating budget imposes a spending restriction even in difficult circumstances,  when the country's oil revenues are severely reduced.

He emphasized that  financing the investment budget is the most affected in such circumstances. He added that the opportunity for improvement in oil revenues means that  the investment accelerator will operate at a high and accelerated pace to maximize GDP growth.

This is in light of the strict adherence to the government program, which has undertaken to implement the principle and vision of a "service government."
 
"Service government": Embodying the government's role in reconstruction
 
Saleh considered the principle of a "service government" to be an embodiment of the key role currently being played by the government across the country,  starting with the  implementation of the One Million Housing Unit Project and the  establishment of new cities, and ending with the school buildings project (one thousand schools), and the   construction of hospitals and various health facilities,
in a manner unprecedented in the reconstruction process in Iraq. 

He also pointed to the  development of infrastructure in the country's cities by advancing electricity, water, sanitation, and road projects without interruption and in an integrated manner. Saleh pointed out that the
 
Oil Investment Strategy and Its Role in Development
 
oil, gas, and other natural resource investment strategy is constantly evolving to feed and supplement the financial resources needed for the investment budget,   which aims to develop investment activity linked to sustainable development and economic prosperity.
 
Reconstruction Driven by Oil Revenues
 
The financial advisor concluded his statement by emphasizing that reconstruction is now financed by oil revenues before being financed by external borrowing. He explained that the goal of oil revenues, when they rise, will be to develop productive assets in sectors that contribute to diversifying the national economy.

He stated that as oil prices rise and higher financial returns are achieved, they will be more aligned with the strength of the implementation of development projects outlined in the country's government program and plans, which drive most new projects, especially those anticipated years ago.
 
This comes in line with a careful and precise program that builds a development renaissance based on a strong investment push, through a development movement unprecedented in the country's history.
 
This momentum   will continue unabated in the coming months,  with a robust and expansive urban evelopment map,     supported by the high level of stability  the country is witnessing in all economic, political, and security fields.  
  
https://alforatnews.iq/news/مستشار-حكومي-نهضة-العراق-مرهونة-بتحويل-الأصول-النفطية-إلى-استثمارات-منتجة 

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 7-3-25

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India Explains the Main Agenda for BRICS 2025 Summit

India becomes the first BRICS nation to publicly outline the summit's goals—signaling a coordinated push toward a multipolar world order and Global South leadership.

Prime Minister Narendra Modi is on a five-nation diplomatic tour ahead of the 17th BRICS Summit, set to take place in Rio de Janeiro on July 6–7, 2025. His final destination: Brazil, where leaders from the BRICS alliance will gather to discuss a new financial and geopolitical future.

For the first time, one of the founding BRICS nations has offered a public glimpse into the summit’s agenda, revealing a bold push toward a balanced multipolar world order—a system designed to reduce dependence on U.S. and Western financial structures.

“As a founding member, India is committed to BRICS as a vital platform for cooperation among emerging economies. Together, we strive for a more peaceful, equitable, just, democratic, and balanced multipolar world order,” said Modi in an official statement.

BRICS 2025: India’s Roadmap for a New Financial Era

India confirmed that key topics on the summit agenda will include:

• Reducing reliance on Western financial systems

• Increasing cooperation among developing economies

• Establishing a more democratic, accountable world order

• Strengthening the voice and financial power of the Global South

The announcement comes at a time when BRICS nations are expanding their roles in global finance, exploring non-dollar trade settlements, and advocating for institutional reform at the IMF, World Bank, and UN.

“The visit will provide an opportunity to strengthen our close partnership with Brazil, and work with my friend, President Luiz Inácio Lula da Silva, on advancing the priorities of the Global South,” Modi added.

A Multipolar Vision Gains Momentum

While India emphasized that BRICS is not inherently anti-U.S., the bloc seeks to build an alternative financial system that amplifies the sovereignty of member states. The alliance has made clear that it views financial diversification and mutual development as the cornerstone of global stability.

India’s rare move to disclose the summit’s main agenda underscores its leadership ambitions within BRICS and reflects the bloc’s growing desire for transparency and direction.

The summit in Rio is expected to draw global attention as BRICS continues to challenge the unipolar dominance of the West with its expanding influence, economic cooperation, and commitment to reshaping global governance.

@ Newshounds News™
Source: Watcher.Guru

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How Trump & Bessent Are 'Re-monetizing Assets On US Balance Sheet'

How Trump & Bessent Are 'Re-monetizing Assets On US Balance Sheet'

Arcadia Economics: Tom Luongo:  7-2-2025

Back in February, Donald Trump and Treasury Secretary Scott Bessent hosted a meeting, where Bessent said that over the next 12 months, they would be monetizing the assets on the US balance sheet for the good of the Anmerican people.

Well that was 5 months ago, and we've seen a lot of activity since then. So what did he mean, and what are they actually doing behind the scenes right now.

The world of economics and finance is often a realm of complex terminology and behind-the-scenes maneuvers. Every so often, a statement emerges that captures attention, hinting at a potential paradigm shift. One such declaration came earlier this year, setting the stage for an intriguing discussion now being unpacked by financial commentators.

According to an interview featuring Tom Luongo on Arcadia Economics with Chris Marcus, a significant meeting took place back in February involving former President Donald Trump and Scott Bessent, a name frequently mentioned as a potential future US Secretary of the Treasury in a new administration.

It was during this meeting that Bessent reportedly stated a bold intention: over the next 12 months, they would be “monetizing the assets on the US balance sheet for the good of the American people.”

Five months have passed since that pronouncement, and indeed, many observers point to a flurry of activity and evolving dynamics in the financial landscape. This raises crucial questions: What exactly did Bessent mean by “monetizing assets”? And what, if anything, are we seeing or can we infer about these potential actions behind the scenes?

At its core, “monetizing assets” means converting non-cash assets into cash, or otherwise making them available for current use.

For a national balance sheet, this could imply a range of strategies, from selling off government-owned properties or enterprises, to securitizing future revenue streams, or even leveraging less conventional financial tools against strategic national holdings. The phrase “re-monetizing” suggests a return to a prior state or a new approach to unlocking value from existing national wealth.

The critical distinction here is the stated purpose: “for the good of the American people.” This implies that any such monetization efforts would not merely be about debt reduction (though that could be a benefit), but potentially about funding new infrastructure, reducing taxes, stabilizing inflation, or generating new economic opportunities.

The notion that a future administration would actively seek to “re-monetize” the US balance sheet suggests a potential departure from traditional fiscal policy, where the focus is often on taxation, spending, and debt issuance. It points instead to a more active management of the nation’s underlying wealth.

This concept, as discussed by Luongo and Marcus, suggests a bold and potentially transformative financial strategy. Should such a plan come to fruition under a new Trump administrationn, it could have profound implications for the US economy, the value of the dollar, and the global financial system.

 It would signal an aggressive attempt to unlock latent value, potentially injecting liquidity and resources directly into the economy without solely relying on borrowing or taxation.

For a deeper dive into what this “re-monetization” might entail, what assets could be in play, and the potential implications, the full interview with Tom Luongo on Arcadia Economics provides further insights and context for those seeking to understand this potentially game-changing financial strategy.

The financial world, it seems, is bracing for an unconventional approach to managing the nation’s wealth.

https://www.youtube.com/watch?v=4qS_5q1xMSc

Iraq Economic News and Points To Ponder Thursday Morning 7-3-25

Government Media: All Official Institutions Adopt Electronic Payment.

Money and Business  Economy News – Baghdad   The Government Media Team announced on Tuesday that all official institutions are now using electronic means to collect and process payments. It also indicated that executive authorities are monitoring the adoption of electronic systems in government agencies.

Government media spokesman Haider Majeed said, "Numerous Cabinet decisions and Prime Ministerial directives have been issued to all government institutions, in coordination with the Ministry of Finance and the Central Bank of Iraq, to ​​adopt the electronic payment system in all government departments and institutions.

" He explained that "this matter is among the priorities of the government program and ministerial approach, and the government's efforts to enhance transparency and simplify procedures provided to citizens."

He added, "The adoption of this system is based on the government's vision to develop the financial transactions environment and reduce reliance on paper money.

This will contribute to combating corruption and reducing the chances of financial manipulation, as well as facilitating the collection of funds from citizens and other companies and institutions."

He pointed out that "the electronic payment process offers many advantages, most notably simplifying procedures and accelerating transaction completion by reducing the time required to complete payments, enabling payments anytime, anywhere, and enhancing financial transparency and accountability through the presence and organization of an electronic database and record for each payment transaction."

He explained that "this helps limit the manipulation of funds entering the state treasury, reduces the risks of dealing in cash, and reduces the need to carry and circulate paper money, which can lead to damage, loss, or theft."

He emphasized that "electronic payment supports financial inclusion by encouraging citizens to open bank accounts, strengthening their bank accounts, using modern banking tools, enhancing the efficiency of government collection, increasing collection rates, reducing waste or financial leakage, and controlling the tax collection process."

He pointed out that "the General Secretariat of the Council of Ministers, as the executive body of the government and the executive arm of the Council of Ministers, is closely monitoring the implementation of this approach with all ministries, institutions, and governorates, as well as the implementation of decisions issued by the government, in cooperation with relevant authorities, to ensure the success of the implementation and the achievement of the desired objectives, which will positively impact the level of services provided to citizens."

He continued, "The government directives include all official institutions, all of which are currently working electronically to collect and collect money from citizens.

" He pointed out that "the government directive was also directed to all private sector entities, including public clinics, doctors' clinics, pharmacies, markets, stores, fuel stations, and all other entities that operate in direct contact with citizens through sales operations."

He pointed out that "there has been widespread acceptance by citizens in the final stages, which has encouraged all private sector entities to use electronic points of sale." 757 views   https://economy-news.net/content.php?id=56863

Ashura Closes The Iraqi Stock Exchange On Sunday.

Banks   The Iraq Stock Exchange announced on Wednesday that it would suspend its activities for one day next Sunday, coinciding with the tenth day of Muharram.

The market stated in a statement that, "Based on the Cabinet's decision to declare an official one-day holiday on the occasion of the tenth of Muharram, market activities and trading sessions will be suspended for one day."

He added, "The holiday will start on Sunday, July 6, and trading sessions will resume on Monday."

It's worth noting that the Iraq Stock Exchange holds five trading sessions per week, from Sunday to Thursday, and lists 103 Iraqi joint-stock companies representing the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels, and services sectors. 309 views   https://economy-news.net/content.php?id=56906

Iraq Is Ranked Fifth Among The Cheapest Arab Countries To Live In.

Economy | 02/07/2025  Mawazine News - Follow-up  Iraq ranked fifth among the cheapest countries to live in for the year 2025 according to the Numbeo website, which is concerned with the standard of living of countries around the world.

The website stated in a statistic reviewed by Mawazine News, that "Iraq came in fifth among the cheapest Arab countries in terms of the standard of living in terms of groceries, restaurants, rent, and local purchasing power."

It continued that "Libya came in first among the cheapest Arab countries to live in, followed by Egypt in second place, Syria in third place, Algeria in fourth place, Iraq in fifth place, Tunisia in sixth place, Morocco in seventh place, and Jordan in eighth place."

It indicated that "the most expensive Arab countries to live in for the year 2025 were the UAE, followed by Yemen, then Qatar and Bahrain."   https://www.mawazin.net/Details.aspx?jimare=263363

Oil Stabilizes Ahead Of OPEC+ Meeting To Decide August Production

Economy |  02/07/2025   Mawazine News - Follow-up:   Oil prices stabilized on Wednesday as markets awaited an upcoming OPEC+ meeting this week, which will set production levels for August.

Brent crude rose slightly by one cent to $67.12 a barrel at 01:24 GMT, while US West Texas Intermediate crude fell by five cents to $65.40 a barrel.

The market is already seeing a clear impact from previous increases, with Saudi Arabia, the world's largest oil exporter, increasing its exports in June by 450,000 barrels per day compared to May, according to data from Kpler, recording the highest level in more than a year.

In the United States, crude oil inventories rose by 680,000 barrels last week, according to sources citing data from the American Petroleum Institute, while official figures from the Energy Information Administration are expected later today.   https://www.mawazin.net/Details.aspx?jimare=263352

Three Airports To Open Soon In Iraq

Local  The Ministry of Transport confirmed, on Wednesday, that it is heading to open three main airports during the current year, while indicating that the development process of Baghdad International Airport includes 26 projects.

The spokesman for the Ministry of Transport, Maitham Al-Safi, told the official agency, followed by Al-Eqtisad News, that "the services government has developed important strategic plans to develop the civil aviation sector, and there were many plans that contribute to the development of this sector, including the construction of airports."

He added, "The current year will witness the opening of three main airports: Mosul, which will open soon, as well as Karbala and Nasiriyah international airports."

He continued, "The process of constructing the new airports coincided with the implementation of rehabilitation work at Baghdad International Airport through 26 projects, which achieved significant development in its infrastructure."  143 views   https://economy-news.net/content.php?id=56919

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 7-3-25

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US and EU Talks Signal Acceleration Toward Global Crypto Policy Alignment

BRUSSELS – July 1, 2025 – In a major signal of growing transatlantic alignment, U.S. and European Union financial regulators have intensified coordination on digital asset policies, including stablecoins, crypto oversight, and central bank digital currencies (CBDCs). The announcement follows high-level discussions at the EU-U.S. Joint Financial Regulatory Forum, held June 24–25 in Brussels.

The talks, co-chaired by the U.S. Department of the Treasury and the European Commission, reflect a shared urgency to harmonize crypto regulation across jurisdictions amid the accelerating global adoption of digital finance.

Regulatory Convergence Gains Momentum

The U.S. Treasury noted that the meeting placed digital finance at the forefront, with regulators exchanging updates on key crypto priorities:

• The EU shared progress on the rollout of its Markets in Crypto-Assets (MiCA) Regulation.

• Updates were provided on the development of the Digital Euro.

• The Financial Stability Board’s work on crypto risks and stablecoin oversight was also discussed.

• U.S. officials gave an update on SEC enforcement, crypto asset policy, and cybersecurity initiatives.

“Participants continued their exchange of views on digital finance matters,” the Treasury stated, highlighting a shared recognition of the need for coordinated oversight of the crypto sector.

Global Push for Secure Cross-Border Payment Systems

The Forum also emphasized the G20 Roadmap for Enhancing Cross-Border Payments, a key international effort to improve speed, cost, transparency, and accessibility of global financial transfers. EU regulators shared updates on the Digital Operational Resilience Act (DORA), while U.S. officials focused on infrastructure security and digital resilience.

The two sides appear to be converging on a cohesive framework that could guide the future of crypto regulation globally.

Balancing Innovation and Systemic Risk

Despite persistent skepticism over crypto volatility and regulatory loopholes, regulators from both continents acknowledged that greater policy coordination could enhance stability while avoiding regulatory arbitrage. Industry advocates continue to call for clear, interoperable rules that support innovation without undermining financial safeguards.

“This is a defining moment,” said a senior digital finance analyst. “We’re watching the foundations of a global crypto framework being laid brick by brick.”

As regulatory talks between the U.S. and EU deepen, the path toward mainstream crypto integration becomes clearer, signaling a potential standardization of global digital asset rules in the years ahead.

@ Newshounds News™
Source: Bitcoin.com

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Ripple Boosts RLUSD Adoption With Embedded Finance and Payment Features

LONDON – July 2, 2025 – In a bold push to expand the real-world adoption of its enterprise-grade stablecoin, Ripple has partnered with financial infrastructure provider Openpayd to enable embedded finance and seamless fiat-to-stablecoin transactions through a unified global platform.

The move enhances Ripple USD (RLUSD) as a powerful bridge between blockchain-native payments and traditional fiat banking—paving the way for broader enterprise usage in cross-border payments and treasury management.

Ripple and Openpayd Launch Unified Fiat + Stablecoin Solution

Under the new partnership, Openpayd will embed its fiat infrastructure—including multi-currency accounts, virtual IBANs, and real-time payment rails—directly into Ripple Payments, Ripple’s flagship cross-border payment network spanning over 90 payout markets globally.

"Businesses will be able to seamlessly convert between fiat and RLUSD," Openpayd confirmed, "accessing embedded accounts, trading, and payment features through a single API."

One of the most important additions: direct minting and burning capabilities for RLUSD, allowing enterprises to scale their stablecoin use while remaining compliant and efficient.

Stablecoin Liquidity Meets Enterprise Needs

The integration makes it significantly easier for businesses to:

• Embed stablecoin functionality within their financial operations

• Send and receive EUR and GBP through Ripple’s global payment rails

• Streamline access to U.S. dollar liquidity using RLUSD

This builds on RLUSD’s core positioning as a trusted, compliant, USD-pegged stablecoin designed for high-volume enterprise use cases.

Jack McDonald, Ripple’s SVP of Stablecoins, emphasized the importance of cross-network utility:
“The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets.”

Toward Scalable, Real-World Adoption

The collaboration comes at a time of mounting demand for real-time, stable, and globally interoperable financial infrastructure—especially as enterprises seek to modernize their treasury systems and cut the cost and friction of legacy banking networks.

“This is how we accelerate real-world adoption of stablecoins at scale,” said McDonald, highlighting Ripple’s long-term vision for RLUSD.

As Ripple continues to embed digital assets into traditional payment systems, this partnership offers a compelling blueprint for stablecoin-enabled embedded finance across both crypto and fiat worlds.

@ Newshounds News™
Source: Bitcoin.com

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“Tidbits From TNT” Thursday Morning 7-3-2025

TNT:

Tishwash:  The Iraq Stock Exchange is closed on Sunday, coinciding with the tenth of Muharram.

The Iraq Stock Exchange announced on Wednesday that it would suspend its activities for one day next Sunday, coinciding with the tenth day of Muharram.

The market stated in a statement received by Shafaq News Agency, "Based on the Cabinet's decision to declare an official holiday for one day on the occasion of the tenth of Muharram, market activities and trading sessions will be suspended for one day."

He added, "The holiday will start on Sunday, July 6, and trading sessions will resume on Monday."

It's worth noting that the Iraq Stock Exchange holds five trading sessions per week, from Sunday to Thursday, and lists 103 Iraqi joint-stock companies representing the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels, and services sectors.

Sunday, July 6, 2025, is an official holiday for all ministries and government institutions, coinciding with the tenth day of Muharram, the anniversary of the killing of Imam Hussein ibn Ali, the grandson of the Prophet Muhammad and his daughter Fatima al-Zahra, according to the Iraqi official holiday calendar.

The Cabinet Affairs and Committees Department at the General Secretariat of the Cabinet clarified in a statement yesterday, Tuesday, that the holiday came based on the provisions of Article (1/First/C) of the Official Holidays Law (12 of 2024).

Shia Muslims commemorate the martyrdom of Imam Hussein, his family, and his companions in the Battle of Karbala at the hands of the army of the Umayyad Caliph Yazid ibn Muawiyah in the year 61 AH (680 AD). The commemoration continues until the Arbaeen pilgrimage, forty days after the Day of Ashura.   link

Tishwash:  The Central Bank of Iraq announces a decrease in domestic debt.

 The Central Bank of Iraq announced today, Thursday, a slight decrease in domestic public debt by the end of April 2025.

The bank stated in an official statistic that "Iraq's domestic public debt fell at the end of April of this year to 85 trillion and 503 billion Iraqi dinars, down from 85 trillion and 536 billion dinars in March."

The bank added that "the decline was a result of repayments of loans to financial institutions, which reached $19 trillion and 119 billion, down from $19 trillion and 152 billion."

He pointed out that "the remaining debts are owed by the Ministry of Finance, amounting to 756 billion dinars, and treasury transfer debts at the Central Bank and commercial banks, amounting to 51 trillion and 30 billion dinars, in addition to treasury transfers on behalf of the Ministry of Finance amounting to 2 trillion and 30 billion dinars, and national term debts due to farmers amounting to 12 trillion and 568 billion dollars."  link

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Tishwash:  The financial inclusion rate in Iraq exceeded 46%.

The Iraqi Private Banks Association noted the success of the basic requirements for implementing advanced standards in combating money laundering, based on the principle of knowing the customer and the sources of their funds.

In a press interview, Wadih Al-Handhal, head of the association, said, "The Central Bank of Iraq is moving forward in implementing compliance standards and enhancing financial inclusion in the banking sector. The Association of Banks also supports ongoing awareness-raising efforts on financial inclusion."

He added, "The Middle East and North Africa Financial Action Task Force (MENAFATF) has transformed Iraq from a grey zone to a monitoring zone, which is true evidence that Iraq has made significant progress in enhancing financial inclusion and combating money laundering and terrorist financing."

He explained, "The need for legal legislation still exists, and we must move forward in the field of human cadres training to keep pace with the rapid digital and technological transformation in the world."

Regarding the financial inclusion rates achieved by Iraq, Al-Handhal pointed out that, “according to international standards, the current financial inclusion rate in Iraq has exceeded 46% compared to previous years, which is a very significant progress with which we seek to achieve a rate of 90-95% in cooperation with the Central Bank in the near future.

The Arab Monetary Fund is also very satisfied with this rate and is monitoring the growth of the banking sector. It considers that Iraq is implementing financial inclusion through a sound mechanism that has contributed to Iraq’s progress in ranking ahead of other countries.”  link

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Tishwash:  A phone call to refresh pockets: Al-Sudani calls Barzani, and an agreement is reached to release May salaries tomorrow.

 An informed source revealed, on Tuesday evening (July 1, 2025), that Prime Minister Mohammed Shia al-Sudani will hold a phone call with the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, within the next few hours, with the aim of putting the final touches on a financial agreement concerning the region's employees.

According to the source who told Baghdad Today, "The anticipated contact will culminate in an official understanding stipulating the release of May salaries for the region's employees, with the payments to be made tomorrow, after the Sudanese Prime Minister signs the decision directly."

He expected that "the financing will be done in the form of advances and financial transfers," based on Article (77) of the budget tables for the years 2023-2025.

This agreement is expected to help calm the tensions between Baghdad and Erbil and restore some confidence to the region's employees, who have long been awaiting payment.  link

Mot: . Wishing you a Happy & Safe 4th of July!!!!!

 Mot:  ...Woooohooooo   bugs bunny