Seeds of Wisdom RV and Economic Updates Sunday Morning 7-13-25

Good Morning Dinar Recaps,

Ripple National Trust Bank Targets Fed Access—Is RLUSD About to Go Full Scale?

Ripple has taken a decisive step toward cementing its role in the U.S. financial system with a formal application to create Ripple National Trust Bank, a federally regulated institution aimed at strengthening the foundation for its stablecoin initiative, Ripple USD (RLUSD).

Federal Trust Charter Signals Institutional Maturity

Filed with the U.S. Office of the Comptroller of the Currency (OCC) earlier this month under control number 2025-Charter-342347, Ripple’s application seeks a national trust bank charter. If approved, Ripple National Trust Bank would be headquartered in New York City at 111-119 W. 19th Street, 6th Floor, operating under charter number 25364.

Ripple is requesting trust powers, enabling the bank to offer federally supervised digital asset custody and fiduciary services. Brian Spahn, based at Ripple’s San Francisco office, is listed as the company’s point of contact for the application. The public comment period for the application runs through August 1.

Dual Licensing: RLUSD Under State and Federal Oversight

This move reinforces Ripple’s intention to implement a dual licensing model for its stablecoin RLUSD—combining state oversight by the New York Department of Financial Services (NYDFS) with potential federal regulation via the OCC.

Ripple CEO Brad Garlinghouse emphasized the strategy on X:

“True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.”

Positioning for GENIUS Act Compliance

Ripple’s filing comes at a pivotal time as stablecoin regulation gains momentum in the United States. The GENIUS Act, recently passed by the Senate and awaiting House approval, would require stablecoins to be fully dollar-backed, subject to AML/KYC compliance, and operated under clear federal standards. Ripple’s strategic application aligns it with the upcoming regulatory framework, giving RLUSD a potential first-mover advantage under new law.

Targeting a Federal Reserve Master Account

In addition to the OCC application, Ripple’s subsidiary, Standard Custody & Trust Company, has applied for a Federal Reserve master account—a critical infrastructure move that would allow RLUSD reserves to be held directly with the Federal Reserve. This would significantly enhance the security and transparency of RLUSD’s backing and distinguish it from private-market competitors.

Garlinghouse added:

“This access would allow us to hold RLUSD reserves directly with the Fed and provide an additional layer of security to future-proof trust in RLUSD.”

Conclusion

Ripple’s application for a national trust bank charter and pursuit of Fed access represent a watershed moment in the evolution of compliant digital assets. If approved, Ripple National Trust Bank could set a new industry benchmark for regulated stablecoins, reinforcing both investor trust and systemic credibility at a time when U.S. crypto policy is undergoing rapid transformation.

@ Newshounds News™

Source: Bitcoin.com

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Trump Slaps 30% Tariffs on All Goods from EU and Mexico

In a dramatic escalation of trade tensions, President Donald Trump has announced sweeping 30% tariffs on all goods imported from Mexico and the European Union, set to take effect on August 1. The move, which follows failed negotiations with both trading blocs, has prompted immediate diplomatic backlash and threats of retaliation.

Trump’s Tariff Orders Target Migration, Drug Flow, and Trade Imbalances

The tariff announcements were made via two official letters posted on Trump’s Truth Social account. In the case of Mexico, the president cited the country's role in facilitating undocumented migration and the flow of illicit drugs into the United States as justification. For the EU, he pointed to what he called a persistent trade imbalance with the United States.

These new measures supersede earlier tariff rates, including:

• A previous 25% tariff on Mexican goods announced earlier this year.

• A 20% tariff on EU imports implemented in April.

Goods imported under the US-Mexico-Canada Agreement (USMCA) are exempted from the new tariffs.

Wider Global Tariff Wave Hits 20+ Countries

This latest move is part of a broader tariff campaign initiated by the Trump administration. Earlier this week, the White House also announced:

• New tariffs on goods from Japan, South Korea, Canada, Brazil, and others.

• A 50% tariff on copper, targeting strategic raw materials.

These actions signal a return to Trump’s aggressive “America First” trade doctrine, focusing on repatriating supply chains, combating perceived trade inequities, and targeting nations seen as non-cooperative on U.S. economic or geopolitical interests.

International Response: EU and Mexico Push Back

The reaction from both trading partners has been swift and firm.

European Commission President Ursula von der Leyen condemned the measure and signaled the EU’s readiness to respond:

“The European Union will take the necessary steps to safeguard its interests, including the adoption of proportionate countermeasures if required,” von der Leyen stated.

Despite the threat of tariffs, she also left the door open for diplomacy, saying the bloc remains willing to “continue working towards an agreement by August 1.”

Mexico, for its part, described the tariffs as “unfair,” but has yet to announce whether retaliatory actions are forthcoming.

Geopolitical and Market Implications

These tariffs may ripple across global markets already grappling with monetary tightening, currency volatility, and geopolitical realignments.

The timing is critical—coming as the U.S. Federal Reserve faces pressure over its interest rate stance, and as emerging economies like BRICS continue their push for de-dollarization and alternative trade alliances. With inflationary pressures still a concern and commodity prices rising, the global supply chain could face renewed disruption.

Conclusion

President Trump’s latest tariff strategy represents a significant realignment of U.S. trade priorities, setting the stage for a turbulent second half of 2025. Whether these moves will achieve the administration’s goals—or spark retaliatory economic conflict—remains to be seen.

@ Newshounds News™
Source: Al Jazeera   

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US Democrats Declare “Anti-Crypto Corruption Week,” Slam Trump’s Deceptive Crypto Bills

In a sharp political escalation, Democrats in the U.S. House of Representatives have declared next week “Anti-Crypto Corruption Week,” introducing legislation aimed at blocking what they describe as corrupt, pro-Trump crypto initiatives. The announcement comes as a direct rebuke to the Republican-led "Crypto Week" agenda, which includes the GENIUS Act, the CLARITY Act, and the Anti-CBDC bill.

Waters and Lynch Take Aim at Trump’s “Crypto Grift”

On Friday, Congresswoman Maxine Waters, ranking Democrat on the House Financial Services Committee, along with Congressman Stephen Lynch, unveiled the Anti-Crypto Corruption Week resolution. They accused former President Donald Trump of using crypto legislation as a vehicle for personal enrichment and political favoritism.

“These bills would make Congress complicit in Trump’s unprecedented crypto scam – one that has personally enriched himself […] all while defrauding investors,” Waters stated in an official release.

The Democratic lawmakers argue that Trump and his family have exploited crypto opportunities to extract over $1.2 billion in personal gains, all while undermining consumer protection and investor safeguards.

A Direct Rebuttal to Republican-Led Crypto Agenda

The declaration of Anti-Crypto Corruption Week is timed to coincide with Crypto Week, scheduled for the week of July 14, when several major crypto bills are expected to be debated, including:

• GENIUS Act – aimed at stablecoin regulation.

• CLARITY Act – a market structure framework for digital assets.

• Anti-CBDC Bill – designed to prohibit the Federal Reserve from issuing a digital dollar.

Democrats labeled these proposals as “dangerous,” claiming they serve the interests of crypto insiders and Trump’s inner circle, rather than average American consumers.

Democratic Amendments Seek to Block Crypto Bills

To counter what they see as predatory legislation, Democrats have proposed:

• Nearly 30 amendments to the CLARITY Act to mitigate consumer harm.

• Direct challenges to stablecoin frameworks in the GENIUS Act.

• Objections to the Anti-CBDC Bill, citing fears it will “devastate Americans’ financial lives.”

Democrats warn that the Republican push to block a U.S. central bank digital currency (CBDC) could weaken federal oversight and empower bad actors in the crypto space.

Congressman Lynch: Republicans Are “Doing the Bidding of the Crypto Industry”

In an unusually combative tone, Congressman Stephen Lynch criticized GOP leaders for backing pro-crypto policies without addressing the risks.

“My Republican colleagues are eager to continue doing the bidding for the crypto industry while conveniently ignoring the vulnerabilities and opportunities for abuse that exist in crypto,” Lynch said.

Conclusion

The Anti-Crypto Corruption Week campaign marks a new phase in the partisan battle over crypto regulation. Democrats are attempting to cast a spotlight on what they allege is Trump-era profiteering, while Republicans continue to advocate for regulatory clarity and crypto innovation.

With the GENIUS, CLARITY, and Anti-CBDC bills poised for House consideration, the coming weeks could prove decisive for the future of digital asset policy in the United States.

@ Newshounds News™
Source: Coinpedia

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MilitiaMan and Crew: Iraq Dinar News- Iraq's Economic Revival

MilitiaMan and Crew:  Iraq Dinar News- Iraq's Economic Revival

7-12-2025

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

In today’s video, we dive into the fascinating world of the Iraqi dinar and its implications for Iraq's economy.

We're exploring recent honors bestowed upon the Iraq Chamber of Commerce by the International Chamber of Commerce, signifying a new era of international recognition and collaboration.

We'll also discuss the pivotal role of the Iraq Public Prosecution Authority in maintaining economic integrity and transparency, especially in light of recent efforts by the Oil Minister to ensure the timely disbursement of contractor salaries. This is a critical step in fostering a stable environment for investment and growth.

 Additionally, we’ll break down the latest agreements between Erbil and Baghdad, which are set to enhance cooperation and stability between the Kurdistan Region and the federal government. These agreements are vital for the reconstruction and development of Iraq, paving the way for a new era of economic prosperity.

Finally, we’ll introduce the New Reconstruction Development Bloc, a significant initiative aimed at revitalizing Iraq's infrastructure and boosting economic growth through innovative projects and international partnerships.

https://www.youtube.com/watch?v=y87OLifgb9w

Iraq Economic News and Points To Ponder Saturday Afternoon 7-12-25

Iraq Has About $100 Billion In Its Coffers: Withheld Reserves And Citizens Left Out Of The Equation - Urgent
 
Economy / Special Files Yesterday, | 7429 Baghdad Today – Baghdad  In a country where people's suffering is measured by the dollar exchange rate, and  where development is reduced to questions about electricity, water, and jobs,  a staggering figure stands out in international institution reports:
          $106.7 billion in Iraq's foreign exchange reserves,
          placing it third in the Arab world after Saudi Arabia and the UAE.

But behind this glittering figure lies an unanswered question:
 
Is this money truly available to Iraqis, or
is it frozen in accounts that can only be moved with the permission of the US Treasury?
 
The truth, as confirmed by experts, is that the
     bulk of these reserves are deposited in American banks, and the
     Iraqi government can only use them within narrow margins, subject to international approval, specifically from Washington.
 
Economic expert Haider Al-Sheikh told Baghdad Today on Thursday (July 10, 2025) that cash liquidity in Iraq is "fully available, whether in dinars or dollars," noting that "foreign exchange reserves have exceeded $106 billion, while gold reserves have exceeded 163 tons, making Iraq fourth in the Arab world after Saudi Arabia, Lebanon, and Algeria."  

Al-Sheikh added,  "This abundance came after years of sharp declines during the COVID-19 pandemic,
when oil prices collapsed.
 
However, the  subsequent rise in prices and the change in the dollar exchange rate   helped rebuild the cash reserve and raise reserves to unprecedented levels."
 
Advanced ranking in the Arab region
 
According to data from the International Monetary Fund (IMF), Iraq ranked third in the Arab world in terms of foreign exchange reserves,  ahead of countries such as Libya, Algeria, Qatar, Egypt, Kuwait, and Morocco.
 
The rankings are as follows:
 
Saudi Arabia: $449 billion
UAE: $210 billion
Iraq: $106.7 billion
Libya: $80 billion
Algeria: $72 billion
Qatar: $69 billion
Egypt: $47.1 billion
Kuwait: $41 billion
Morocco: $32.8 billion
Jordan: $21 billion

A promising market on paper, but constrained in reality.
 
The sheikh points out that the  increase in reserve size gives Iraq "great economic attractiveness,"
 
making it a target for competition among major countries for investment opportunities,
     such as the United States, China, Japan, and France,
due to its vast resources and sensitive geographic location.
 
But this attraction, experts believe, is hampered by a
     fragile administrative reality, an
     unstable legal environment, and a
     volatile political climate.
 
This makes the flow of funds into Iraq a thorny process,
requiring more than hard numbers and cash reserves;
 
it requires a genuine will to reform.
 
And yet, despite these impressive figures, the question still lingers in the minds of Iraqi citizens:
 
When will state funds become tools for their service?
 
While the state is piling billions into banks abroad, the
     majority of the population is still struggling to secure the basic necessities of life,
     amid    high unemployment,   rising prices, and  deteriorating services.
 
The deeper problem is that this massive reserve,  which is supposed to be the country's safety valve,
is not actually in hand.
 
Rather, the bulk of it is deposited in foreign banks,  specifically the US Federal Reserve, and is  subject to strict controls that prevent Iraq from  using it freely or  employing it in development or emergency projects without complex international approvals.

According to observers, ultimately, any financial figure is worthless unless it is translated into living reality.
 
While the state celebrates its ranking on reserve lists,
citizens are not looking for a ranking but rather an outcome:
     Will this money be used
          to protect the dinar?
          To support prices?
          To build factories?
          To free the market from dependency?
 
Or will it remain a mere mortgaged asset,
     from which Iraqis see nothing but
          slogans of sovereignty and
          headlines in international reports?      https://baghdadtoday.news/278315-106.html 

Al-Nusairi: The Central Bank Is Leading The Banking Sector Toward Comprehensive Reform, Economic Stimulation, And Sustainable Development.
 
Uses  Economy News – Baghdad  Economic and banking advisor Samir Al-Nusairi affirmed that the  Central Bank continues to lead the Iraqi banking sector in accordance with its third strategy and its comprehensive banking reform project for the next two years,
 
based on a continuous daily work system in cooperation with international consulting and auditing companies currently operating with the aim of achieving banking reform and moving banks to a stage of contributing to stimulating the economy, revitalizing the economic cycle, achieving economic growth, and transforming banks into a lever for sustainable development.
 
Al-Nusairi explained in an interview with Al-Eqtisad News that  
in order to motivate banks and develop banking operations so they can fulfill their duties stipulated in the Banking Law and the applicable instructions and executive regulations issued by the Central Bank, and serve the national economy and customers,
 
it is necessary to carefully
     implement the reform measures outlined for them, as well as to
     re-review,   evaluate, and  classify banks.  ‘

Al-Nusairi pointed out that there are international standard criteria for classifying central banks that are agreed upon in most countries, such as
     controlling inflation,
     economic growth,
     monetary stability,
     independence, and the
     extent to which economic goals are achieved.

Since central banks are subject to classification and
since they are the ones that monitor and supervise banks, the classification of Iraqi banks must be based on international standard criteria approved in most countries,
 
the basis of which is
     compliance with international banking standards,
     enhancing financial inclusion,
     encouraging competition,
     preventing monopoly in the banking market,
     providing opportunities for shareholders and investors to obtain profitable and sustainable returns,
     accelerating digital transformation, and a   rapid transition to a solid national economy. 

He explained that the  reform, evaluation, and classification of the banking sector should be based on criteria of capital, assets, liquidity, profitability, and risk management.
 
Additional programs should be adopted that are consistent with the Iraqi reality, such as approving the banks' operating results and final accounts for the last five years,focusing on analyzing assets, revenues, expenses, capital adequacy, indicators of capital investment, cash credit granted and its sectoral distribution, ‘

The   return on capital ratio, return on assets, liquidity ratio, and the extent of banks' compliance with applicable banking instructions, particularly activating the national strategy for  bank lending to finance small and medium-sized enterprises and
applying environmental, social, and corporate governance standards.   https://economy-news.net/content.php?id=57222 

TIR Moves Iraq To Advanced Ranks In Global Trade
 
Economy   2025-07-11 | 1,478 views  confirmed The General Authority of Customs the continued successful and seamless implementation of the international TIR system at a number of border crossings,a move it described as strategic.
 
It indicated that this move will advance Iraq to advanced levels in the field of international trade.
 
The Director of Transit at the General Authority of Customs, Ihab Talib, told the official agency, followed by Sumaria News, that
 
“the Authority has begun implementing the TIR system at all Iraqi border crossings,
in coordination with the International Road Transport Union (IRU), noting that
 
“the system comes within an agreement signed with the General Company for Land Transport,
which represents the guarantor of this project.”  ‘

He added, "The implementation of this system represents a true activation of the transit system and aims to capitalize on Iraq's strategic location as a link between Europe and the Middle East."

 He added,  "The procedures are proceeding smoothly and in coordination with all relevant parties."  

He added that  the TIR system
     will contribute to Iraq's advancement in international trade and
     will help develop the transportation, technical, and logistics infrastructure sectors. He explained that
 
the project complements the Development Road Project, which the Iraqi government seeks to implement as part of a comprehensive plan to improve regional trade. https://www.alsumaria.tv/news/economy/533128/التير-ينقل-العراق-لمراتب-متقدمة-بالتجارة-العالمية

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 7-12-25

Good Afternoon Dinar Recaps,

Areas Where BRICS Challenges the USA — And Where It Falls Short

As the global economic balance continues to shift, BRICS—once seen as a symbolic bloc—has grown into a formidable coalition with ambitions to challenge the U.S.-led financial order. With expanded membership and an aggressive de-dollarization push, BRICS is reshaping global dialogue on trade, energy, and economic sovereignty. But does it have the cohesion and tools to match its ambitions?

Areas Where BRICS Challenges the U.S. Dollar’s Dominance

1. De-Dollarization: A Bold Economic Agenda

At the forefront of BRICS’ economic strategy is its de-dollarization effort. Member nations are actively working to reduce reliance on U.S.-based financial systems by conducting bilateral trade in local currencies. This shift reflects a strategic priority: to strengthen domestic economies while reducing exposure to Washington’s fiscal leverage.

Local currencies first. The U.S. dollar, later.

This trend, if sustained, poses a direct threat to the dollar’s global reserve status, undermining its dominance in international settlements.

2. Strategic Control Over Global Resources

BRICS countries command a massive share of global natural resources:

• Russia, Iran, and the UAE: Oil and natural gas leaders

• Brazil: A global agricultural and food export powerhouse

• South Africa: Rich in gold, platinum, and rare earth minerals

• China: Global leader in manufacturing and rare earth supplies

If these nations settle trade in their own currencies, the U.S. dollar’s global usage could decline dramatically.

Together, this bloc represents a significant force in energy, agriculture, and mining, challenging U.S. supply chain influence.

Where BRICS Still Falls Short

1. No Real Alternative to the U.S. Dollar

Despite talk of a unified BRICS currency, no concrete monetary alternative exists. Member nations have failed to agree on a single tender, with each preferring to elevate its own national currency. As a result, they continue to rely on the U.S. dollar for international trade, especially in dealings with non-member nations.

Without a unified currency or financial architecture, BRICS remains tethered to the very system it seeks to disrupt.

2. Internal Political and Strategic Divisions

BRICS unity is often more optical than operational:

• India and China: Ongoing border and trade tensions

• Russia: Under sweeping Western sanctions and economic isolation

• Egypt & Ethiopia: Limited global economic influence

• South Africa & Brazil: Non-confrontational toward the West

• UAE: Maintains deep financial ties with the U.S. and Europe

These geopolitical and economic fractures limit BRICS’ ability to act as a cohesive counterweight to the West, particularly in areas requiring unified policy or shared infrastructure.

Conclusion

While BRICS continues to challenge key aspects of U.S. economic dominance, the bloc’s internal divisions and lack of monetary alternatives restrict its global transformation potential—for now. However, its resource control and political momentum suggest it remains a powerful force to watch in the evolving multipolar world order.

@ Newshounds News™
Source: Watcher.Guru   

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“Tidbits from TNT” Saturday 7-12-2025

TNT:

Tishwash:  The Iraqi Chamber of Commerce was honored with the award for the best performing national committees worldwide.

The International Chamber of Commerce honored the Iraqi Chamber of Commerce with the award for the best performing national committees worldwide.

The Federation of Iraqi Chambers of Commerce stated in a statement received by the Iraqi News Agency (INA), that "in a qualitative achievement, the International Chamber of Commerce honored the Iraqi Chamber of Commerce with an award given to the best performing national committees worldwide,"

Indicating that "this honor came as a result of the efficient and effective implementation of the annual plan for the years 2024-2025, which reflects Iraq's commitment to strengthening its international position on the global trade map."

He added, "On the sidelines of the annual week, the first anniversary of Iraq's official accession to the International Chamber of Commerce was celebrated, marking an important step towards building strategic partnerships and enhancing the business environment in Iraq.

The International Chamber of Commerce was founded in 1919 in Paris, and Iraq obtained full membership in 2024.

It is noteworthy that the Federation of Iraqi Chambers of Commerce - the Iraqi National Committee of the International Chamber of Commerce (ICC Iraq) participated in the annual International Chamber of Commerce (ICC Week) in Paris, from June 17 to 20, 2025, which brought together more than 60 countries from various national committees around the world. The annual week included several activities:

1- World Trade Policy Conference.

2- World Day of National Committees Strategies.

3- Specialized workshops on arbitration topics and the agri-food initiative.

4- The annual meeting of the International Chamber of Commerce World Council.

5- Workshop on the International Entrepreneurship Center.

6- Regional meeting for West Asia and North Africa.

It is noteworthy that the Ministry of Foreign Affairs - represented by the Iraqi Embassy in Paris and the Ministry of Trade - Department of Foreign Economic Relations supported Iraq's accession to the International Chamber of Commerce and continues to follow up on the activities of the Iraqi National Committee's program for the International Chamber of Commerce.  link

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Tishwash:  Commerce: Implementing a package of qualitative initiatives to boost the national economy.

The Ministry of Trade announced, on Friday, the implementation of a package of qualitative initiatives to advance the national economy and stimulate sustainable growth.

Ministry spokesman Mohammed Hanoun said, "The Ministry, in coordination with the Private Sector Development Council, has prioritized creating a stable and investment-friendly economic environment by addressing challenges and facilitating procedures for investors and entrepreneurs in line with the requirements of the national economy."

He added, "Based on the Iraqi government's directives to support the business environment and enhance partnerships between the public and private sectors, the Ministry of Trade, through the Private Sector Development Council and the Private Sector Development Department, continues to implement a package of qualitative initiatives and effective measures aimed at advancing the national economy and stimulating sustainable growth."

He explained that "the measures taken include strengthening channels of joint dialogue between representatives of the public and private sectors to develop practical solutions to the challenges facing the business environment, reviewing and updating commercial and regulatory legislation with the aim of simplifying procedures and stimulating local and foreign investment, in addition to launching programs to support small and medium enterprises and providing financing and training packages to support entrepreneurs."

Hanoun pointed to the possibility of supporting digital transformation and developing electronic services to facilitate commercial and investment transactions and enhance the principles of transparency and economic governance by publishing periodic reports on economic performance indicators and the business environment, creating an appropriate investment, legal, and financial climate for major partnerships, and encouraging quality investments in vital sectors. He also stressed the importance of working hard to improve Iraq's ranking in international business environment indicators by implementing global best practices in facilitating the establishment of companies and protecting investors.

Hanoun affirmed that "the Ministry of Trade is committed to supporting the private sector and empowering it to be a key partner in building a diversified and sustainable economy and achieving comprehensive economic development that positively impacts citizens' lives." He called for continued cooperation and integration between all state institutions and the private sector to create a competitive economic environment that contributes to stimulating growth and providing job opportunities. link

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Tishwash:  Iraqi ministerial committee on Erbil-Baghdad budget issues holds first meeting

Iraq’s newly formed ministerial committee tasked with resolving outstanding disputes between Erbil and Baghdad held its first meeting on Wednesday, focusing on key financial and energy issues, including oil exports, domestic consumption, and public sector salaries in the Kurdistan Region.

The meeting, chaired by Deputy Prime Minister and Minister of Planning Mohammed Ali Tamim, brought together federal and Kurdistan Regional Government (KRG) representatives to address stalled budget transfers and oil obligations, according to a planning ministry statement. 

“A review of the two papers submitted by the federal government and the [Kurdistan] Region, where both papers addressed a number of vital topics, foremost among them the oil export file and its regulatory mechanisms, the volume of local consumption of oil products, as well as the region's delivery of the federal treasury's share of non-oil revenues, in addition to discussing the localization of Kurdistan Region employees' salaries” were discussed, the statement said. 

On Monday, a senior KRG delegation arrived in Baghdad to resume talks with federal officials over the prolonged financial dispute, which has led to repeated salary delays in the Kurdistan Region. The committee was established on Tuesday following the visit, per a directive by Iraqi Prime Minister Mohammed Shia’ al-Sudani. 

The planning ministry said the committee stressed “the importance of continuing technical and administrative discussions regarding these files with the aim of reaching quick, fair, and realistic solutions and treatments that guarantee the rights of Kurdistan Region employees, similar to their colleagues in the rest of the Iraqi provinces, within the framework of the state's unified financial policy.”

Tensions between Erbil and Baghdad flared in late May when Iraq’s federal finance ministry halted all budget transfers to the KRG, including payments for public employee salaries. The ministry claimed the KRG had exceeded its 12.67 percent share of the 2025 federal budget and failed to deliver its designated share of oil to SOMO.

The situation has been exacerbated by the ongoing suspension of oil exports through the Iraq-Turkey pipeline, which has remained offline since March 2023 following an international arbitration ruling.

The committee is tasked with aligning both sides’ demands and drafts to pave the way for a formal agreement.  link

Mot:  Ya Gotta Love ole ""Nelson""

Mot: Second Nap

Seeds of Wisdom RV and Economic Updates Saturday Morning 7-12-25

Good Morning Dinar Recaps,

Fed Chair Jerome Powell Considers Resigning: What’s Next for Crypto?

Federal Reserve Chairman Jerome Powell is reportedly considering stepping down before the end of his term — a move that could significantly impact U.S. interest rate policy and trigger a new wave of momentum in the crypto markets.

Pulte Responds: “The Right Decision for America”

William J. Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, responded publicly to the reports, expressing strong support for Powell’s potential resignation. Posting on his official X account, Pulte stated:

“I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”

While Powell has not officially confirmed any plans to resign, multiple sources have pointed to growing friction between the Fed and the Trump administration as a likely catalyst.

Policy Divide: Powell vs. Trump

The tension between Fed Chair Powell and President Donald Trump has escalated in recent months. Trump has repeatedly called for aggressive interest rate cuts, arguing that a looser monetary policy is necessary to match the current strength of the U.S. economy.

In a recent TruthSocial post, President Trump stated:

“Tech Stocks, Industrial Stocks, Nasdaq hit all-time highs! Crypto is through the roof, Nvidia is up 47% since Trump tariffs. The USA is taking in hundreds of billions of dollars in tariffs... The Fed should rapidly lower rates to reflect this strength.”

However, Chair Powell has resisted such demands, warning that recent tariffs could actually increase inflationary pressure and that monetary policy should remain cautious, especially in the face of a weakening U.S. dollar.

Market Implications: Rate Cuts & Crypto Surge

Should Powell resign, President Trump would likely appoint a successor aligned with his pro-growth, low-rate agenda. Analysts believe this would increase the likelihood of multiple rate cuts before the end of 2025, providing an additional tailwind for risk-on assets.

Crypto markets have already entered a bullish phase, bolstered by expanding global liquidity and easing monetary conditions. Additional rate cuts could accelerate this momentum significantly.

The potential leadership change at the Fed represents more than a political reshuffle — it could become a pivotal event for both traditional financial markets and the digital asset ecosystem.

@ Newshounds News™
Source: Coinpedia   

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BIS Research Finds Tokenized Government Bonds Have Tighter Spreads

The Bank for International Settlements (BIS) has released new research indicating that tokenized government bonds—while still a small slice of the overall bond market—are demonstrating significantly tighter bid-ask spreads and potential advantages in liquidity, issuance efficiency, and accessibility.

Key Findings From the BIS Bulletin

The BIS analyzed 15 tokenized bonds issued by sovereigns, supranational institutions, and government agencies, totaling $1.9 billion—a fraction of the estimated $80 trillion global government bond market.

Improved Liquidity:

• Mean bid-ask spread on tokenized bonds: 19 basis points

• Mean bid-ask spread on traditional bonds: 30 basis points

The tighter spreads suggest superior liquidity and possibly more efficient price discovery for tokenized instruments.

Why Are Tokenized Bonds More Liquid?

The research points to several contributing factors:

• Integration with Central Securities Depositories (CSDs): Tokenized bonds issued via integrated platforms are more easily accessible to institutional investors.

• Investor experimentation: Anecdotal evidence suggests that investors are showing active interest in these digital instruments.

• Lower minimum investment thresholds:

• Tokenized bonds average: $110,000

• Conventional bonds average: $185,000

Lower entry costs broaden the investor pool and support tighter spreads.

Yields and Premium Pricing

While some tokenized bonds have traded at premium prices—implying lower yields—the BIS cautions that the evidence remains idiosyncratic, with no definitive trend yet established.

“The jury is still out” on whether tokenized bonds offer consistent yield advantages.

Advantages of Digital Bond Issuance

Tokenized or “digital-native” government bonds present a range of potential benefits:

• Faster settlement and reduced counterparty risk through Delivery vs Payment (DvP) models

• Smart contract automation to reduce servicing and back-office costs

• Lower issuance thresholds, encouraging broader market participation

• Potential collateral use, which could open significant liquidity channels (though this remains restricted in most jurisdictions)

Challenges and Outlook

Despite the upside, the BIS highlights critical hurdles:

• Regulatory uncertainty, especially regarding collateral eligibility

• Lack of platform scalability and the need for robust infrastructure

These challenges must be resolved for digital bonds to realize their full potential.

Cost Savings Potential

German tokenization platform Cashlink also weighed in, suggesting digital bonds—especially international and long-term issuances—could reduce costs by up to 1.2% of issuance value over an eight-year bond’s lifetime, primarily due to savings in asset servicing.

Conclusion

The BIS bulletin reinforces the growing appeal of tokenized bonds for both issuers and investors, pointing to better liquidity, lower entry barriers, and operational efficiencies. While still early-stage, the findings support continued interest in digital asset infrastructure—particularly as regulatory frameworks evolve and adoption scales.

@ Newshounds News™
Source: Ledger Insights   

~~~~~~~~~

Shanghai Officials Signal Openness to Stablecoins Despite China’s Crypto Ban

In a surprising shift, Chinese state officials in Shanghai are reportedly showing openness toward stablecoin development, signaling a potential divergence from the country’s broader ban on cryptocurrencies.

Strategic Shift in Shanghai

According to Reuters, the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) convened a high-level meeting to discuss strategic responses to digital currencies and stablecoins. Following the meeting, SASAC Director He Qing urged stronger engagement with emerging technologies and deeper research into digital currency frameworks.

“We must demonstrate greater sensitivity to emerging technologies,” He Qing posted on the SASAC’s official channel.

This discussion follows growing domestic pressure from academics and private industry to explore a yuan-backed stablecoin that could compete globally.

China’s Central Bank Joins the Conversation

The People’s Bank of China (PBOC) is also starting to engage in the global stablecoin conversation. In June, PBOC Governor Pan Gongsheng acknowledged that stablecoins represent a transformative shift in global payments infrastructure, especially given the influence of U.S. dollar-backed assets such as Circle’s USDC.

In response to this shift, China’s Securities Times, a state-run outlet, published an editorial on June 23, stating that “the development of stablecoins should be sooner rather than later.”

Hong Kong: A Potential Testing Ground

Due to tight capital controls in mainland China, direct implementation of a yuan-backed stablecoin appears unlikely—for now. However, PBOC adviser Huang Yiping has floated the idea of using Hong Kong’s offshore RMB market to test the concept.

“Hong Kong has an offshore market for the renminbi. If it continues to develop, we could see a stablecoin pegged to the offshore RMB in Hong Kong,” Huang stated.

This would allow China to compete in the international stablecoin arena while avoiding the political and regulatory risks of allowing such assets within its mainland borders.

Conclusion

While China continues to enforce one of the world’s strictest bans on crypto trading and mining, signals from Shanghai authorities, the PBOC, and state media suggest a strategic reevaluation is underway. A yuan-backed stablecoin, launched via Hong Kong, could emerge as a controlled yet competitive response to Western-led digital currencies—particularly those advancing under U.S. financial policy.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

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MilitiaMan & Crew: Iraq Dinar News- Economic Landscape-ICC-WTO- Fedwire Funds ISO

MilitiaMan & Crew:  Iraq Dinar News- Economic Landscape-ICC-WTO- Fedwire Funds ISO

7-11-2025

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

In today’s video, we dive deep into the fascinating world of the Iraqi Dinar! Discover how this currency is intertwined with Iraq's rich gold reserves, and what impact these reserves have on the national economy.

We’ll also explore the significance of the National Card in Dinar, a crucial financial tool for citizens.

But that’s not all! We’ll discuss the role of the International Chamber of Commerce (ICC) in promoting trade and investment in Iraq, which influences global perceptions of the Iraqi economy.

We’ll also mention that there is the Federal Supreme Court of Iraq and its pivotal decisions regarding economic policies that may shape the dinar’s revaluation that solves key national issues.  

To wrap it all up, we’ll delve into the court decisions may come the same day as the Fedwire ISO 20022 back wall for global bank integrations on 07/14/2025

ISO 20022 is a modern messaging standard that plays a vital role in international transactions, including those involving the Iraqi Dinar.

How does this system affect currency exchange and banking operations? You’ll find out!

Join us for an informative and engaging discussion that connects currency, law, and international commerce in Iraq.

Timestamps:

 00:00 - Intro

01:30 - Overview of the Iraqi Dinar

 04:15 - Iraq's Gold Reserves Explained

07:50 - The National Card in Dinar

10:20 - Role of the ICC in Iraq's Economy

13:45 - Insights from the Federal Supreme Court

 16:30 - Understanding Fedwire ISO 20022 20:00 - Conclusion and Q&A

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

The Dollar's Worst Year Since 1973 Explained!

The Dollar's Worst Year Since 1973 Explained!

Taylor Kenny:  7-10-2025

The mighty U.S. dollar, long the undisputed king of global finance, has just suffered a truly jarring setback: its worst start to the year since 1973.

 This isn’t just a statistical blip; it’s an echo of a tumultuous past, signaling that the very foundations of the dollar’s dominance may be cracking under unprecedented strain.

The year 1973 marked a watershed moment in financial history. The chaos that ensued from President Nixon’s decisive decoupling of the dollar from gold, famously ending the Bretton Woods system, plunged global markets into uncertainty.

 Back then, the dollar was ultimately “saved” through a strategic re-alignment, most notably the petrodollar agreement which cemented its role in global oil trade, and a series of aggressive interest rate hikes that shored up its value.

But this time, the world is different, and the traditional lifelines appear to be absent or insufficient. There’s no grand oil deal on the horizon to re-anchor the dollar, nor does it seem politically or economically feasible for central banks to hike rates aggressively enough to counteract the immense pressures building up.

So, what are these pressures that make the current situation far more perilous than its 1973 precursor?

These converging forces lead to a stark conclusion: the “great fiat experiment” – the system of unbacked paper currencies that has defined global finance since 1971 – may be entering its final, most challenging phase.

Without the discipline of a commodity backing like gold, or the unwavering global demand previously underpinned by geopolitical stability and economic dominance, the dollar’s current trajectory raises profound questions about the future of the international financial system itself.

The implications are far-reaching, potentially ushering in a new era of economic instability, rapid inflation, or even a reordering of global financial power. Understanding these complex dynamics is no longer a niche interest; it’s crucial for anyone navigating today’s uncertain economic landscape.

For a deeper dive into these critical insights and what they could mean for your financial future, we highly recommend watching the full video from ITM Trading with Taylor Kenney. Taylor offers invaluable perspectives and detailed analysis on these seismic shifts in the global financial order.

CHAPTERS:

 0:00 Dollar Index

1:28 Petrodollar

2:43 De-Dollarization

4:23 Gold’s Rise

6:15 Currency Lifecycles

8:16 Real Tangible Wealth

https://www.youtube.com/watch?v=kfxKOfm-PDI

Seeds of Wisdom RV and Economic Updates Friday Afternoon 7-11-25

Good Afternoon Dinar Recaps,

Argentina Reportedly Secures Zero-Tariff Agreement With the US

In a potentially historic trade breakthrough, President Javier Milei of Argentina has reportedly struck a reciprocal zero-tariff agreement with the Trump Administration—one that could reposition Argentina as a key U.S. ally in Latin America.

Argentina and the U.S.: Zero-Tariff Trade Deal in the Works

According to Argentine media reports citing sources inside the Milei administration, both governments have agreed in principle on a trade deal that would eliminate tariffs on up to 80% of Argentina’s exports to the U.S., with the exception of strategic raw materials like steel and aluminum.

The Argentine government has already compiled a list of 100 specific products that will enter the U.S. market duty-free under the agreement.

This deal not only signals stronger bilateral ties but also reflects a broader ideological and policy alignment between Milei and Trump on trade liberalization, deregulation, and market-driven growth.

Why the Announcement Is Delayed

While the agreement is reportedly finalized, its official announcement has been strategically delayed.

Sources say President Trump wants to unveil the Argentina deal after completing his review of tariff adjustments for other nations, expected by August 1st.

The timing is key: Trump reportedly plans to highlight Argentina as a “model partner” in the region—especially in contrast to countries like Brazil, which has aligned itself with anti-dollar BRICS strategies.

A Tale of Two Trade Policies: Argentina vs. Brazil

The Trump administration’s favorable treatment of Argentina starkly contrasts with its recent 50% tariffs imposed on Brazil, citing anti-U.S. rhetoric, censorship policies, and legal actions against ex-President Bolsonaro.

Argentina’s loyalty to the U.S. dollar system and liberalized economy appears to have earned it preferred trade status.

Meanwhile, over 20 countries have already been hit with unilateral U.S. tariffs ranging from 10% to 50%, while key players like the European Union still lack formal agreements to avoid similar penalties.

Strategic Implications for the Region

This Argentina deal—if formally announced—could:

• Redefine regional trade alliances

• Weaken BRICS influence in Latin America

• Incentivize alignment with U.S. financial leadership

Trump’s strategy is clear: reward allies, punish rivals, and showcase trade deals as evidence of American economic dominance in a shifting global landscape.

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

Jonathan Gould Confirmed By Senate As OCC Chief In a ‘Crypto Comeback’

In a landmark development for U.S. banking and digital assets, Jonathan Gould has been officially confirmed by the U.S. Senate as the new Comptroller of the Currency (OCC) in a 50-45 party-line vote, with Republicans in favor and Democrats opposed.

Crypto-Friendly Regulator Returns

Gould’s confirmation is drawing significant attention from both the crypto and traditional banking sectors due to his prior regulatory leadership and forward-thinking views. He previously served at the OCC in 2019, a period marked by new federal guidance enabling crypto-related banking activities.

His return is being hailed as a potential “crypto comeback” inside the U.S. financial system.

Targeting De-Banking and Political Risk Games

During his March 2025 Senate Banking Committee hearing, Gould pledged to confront politically motivated “de-banking” practices.

“Reputation risk is too often used as a political pretext,” Gould argued, advocating instead for objective standards like litigation exposure and AML compliance.

This stance could reshape access to banking for crypto firms, many of which have been marginalized under vague “risk” labels in recent years.

Backing Risk-Taking and Innovation

Gould stressed that banks must be empowered “to engage in prudent risk-taking,” criticizing a post-2008 regulatory culture that treats all risk as unacceptable.

He warned this mentality restricts credit, chokes innovation, and undermines financial system resilience.

This marks a stark contrast to the Biden-era OCC, particularly under Acting Comptroller Michael Hsu, who treated crypto as a potential systemic risk and often cited the 2008 crisis as a cautionary analogy.

A Crypto Veteran at the Helm

Crucially, Jonathan Gould previously served as Chief Operating Officer and Deputy Comptroller under Acting Comptroller Brian Brooks—a known crypto advocate.

It was during this era that the OCC approved key innovations like:

• Federally chartered fintech and crypto banks

• Crypto custody services

• Stablecoin reserve account authorizations

Many of those pivotal regulatory actions bear Gould’s signature, affirming his deep knowledge of the digital asset space and regulatory frameworks that support it.

Outlook: Crypto Re-enters the U.S. Banking Conversation

Gould’s appointment is widely viewed as a green light for greater clarity and openness toward crypto within the federal banking system.

“Many digital asset activities are clearly legally permissible,” Gould affirmed, and signaled support for their “safe and sound” integration.

With the Trump administration, GENIUS Act momentum, and now a crypto-savvy OCC chief, the stage appears set for a resurgence of blockchain innovation inside regulated finance.

@ Newshounds News™
Source: Forbes

~~~~~~~~~

BRICS in 2026: How PM Modi Plans to Redefine the Group’s Global Role

At the 17th BRICS Summit in Rio de Janeiro on July 7, 2025, Indian Prime Minister Narendra Modi unveiled his sweeping vision for the bloc’s future when India assumes the BRICS chair in 2026. Modi’s plan aims to reshape BRICS into a strategic platform for innovation, sustainability, and emerging economies leadership.

Modi’s BRICS Chair Goals: Redefining Global Influence

A New Meaning for BRICS

One of the most headline-grabbing moments at the summit was PM Modi’s unveiling of a redefined acronym for BRICS:

“Under India’s BRICS presidency, we will work to define BRICS in a new form. BRICS will mean Building Resilience and Innovation for Cooperation and Sustainability.”

This new definition reflects India’s intent to recalibrate the bloc toward inclusive innovation, economic cooperation, and sustainable development—an evolution from its original geopolitical posture.

India’s 2026 BRICS chairmanship is already being welcomed by fellow member states, with many praising the emerging economies-first framework Modi continues to champion.

Global South: Still a Top Priority

Modi stressed continuity with India’s 2023 G-20 leadership, where developing nations were placed center stage. He reaffirmed that BRICS 2026 will extend this focus, prioritizing voices from the Global South in global decision-making forums.

“Just as, during our G-20 chairmanship, we gave priority to the issues of the Global South... during our BRICS chairmanship, we will take this forum forward in the spirit of people-centricity and humanity first.”

India is doubling down on its commitment to uplift underrepresented regions, reinforcing its role as a bridge between the Global South and global governance structures.

AI Governance and Technological Diplomacy

Technology—and especially AI—will be a key pillar of India’s BRICS presidency. Modi signaled that India intends to lead AI governance frameworks while fostering responsible innovation.

“We in India believe in AI as a tool to enhance human values and capabilities. Guided by the mantra of ‘AI for All’, India is actively using AI in many sectors.”

India’s focus will be on striking a balance between tech advancement and ethical safeguards, framing BRICS as a venue for responsible digital governance in the emerging global AI economy.

“We believe that AI governance, addressing concerns and encouraging innovation should both receive equal priority.”

Post-Pandemic Solidarity and Health Security

Reflecting on the COVID-19 crisis, Modi highlighted the need for multilateral health cooperation, advocating for joint responses to global crises.

“The COVID pandemic taught us that viruses do not come taking visas, and solutions, too, are not chosen by looking at passports. The solution to common challenges is possible only through joint efforts.”

India’s BRICS leadership will therefore prioritize cross-border health initiatives and crisis coordination to bolster resilience in emerging markets.

Looking Ahead: India’s Vision for BRICS 2026

Modi’s multi-dimensional plan signals a strategic evolution of the BRICS mission:

• From political alignment to economic innovation

• From passive cooperation to proactive leadership

• From slogans to systemic reforms in AI, health, and trade

With India at the helm, BRICS is poised to become a platform of influence for the Global South, tackling the world’s most urgent challenges with unity, innovation, and shared purpose.

@ Newshounds News™
Source: Watcher Guru    

~~~~~~~~~

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Iraq Economic News and Points To Ponder Friday Morning 7-11-25

American Magazine: Iraq Quietly Re-Enters International Trade
 
Money and Business   A report by the American economic analysis magazine Procurement Magazine
examined the significant economic and geopolitical benefits and returns of the Iraqi Development Road initiative, extending from the Grand Faw Port to the Turkish border.
 
The report noted that it will be a viable alternative to other trade channels,  competing with them in terms of shorter distances and lower costs,  transforming the country into a regional logistics hub while creating a multi-source economy beyond oil alone.

The report notes that Iraq's Development Road project represents a transformative $17 billion infrastructure initiative aimed at connecting the Gulf to Europe.
 
With global shipping facing challenges stemming from regional instability and bottlenecks such as the Suez Canal,  Iraq is quietly redefining its role in international trade.
 
This logistics corridor,  stretching from the Grand Faw Port in southern Iraq to the Turkish border,
represents a strategic alternative that will reshape supply and transportation chains between Asia and Europe.
 
This major project has been described as "one of the most important infrastructure projects in Iraq since the 1920s."
 
This faster route delivers direct benefits to procurement by  enabling faster supply routes,  reducing storage costs, and  improving responsiveness to market changes.
 
The global importance of Iraq's development route has been highlighted amid the ongoing Red Sea crisis, exacerbated by conflicts in the Middle East, where shipping delays have become commonplace.
 
In this context, the Iraqi land corridor offers a practical alternative.
 
In recent weeks,  truck drivers from Poland and Germany have completed journeys from Europe to the Gulf via Iraq in just ten days,   less than half the time required by sea through the Suez Canal.
 
The journey from Turkey to Kuwait now takes just seven days, and digital border crossings have reduced waiting times by 92%.
 
The TIR (Terrestrial International Transports International) system, which ensures the safe and efficient movement of goods across borders, is already operational, enhancing the flow of cross-border procurement and supply chains.
 
Hamad Al-Hakim, a transport infrastructure expert at the University of Baghdad, told the Middle East Observer earlier this year:
 
“The development road is expected to become a vital trade corridor, not only for Iraq but for the entire region.

By connecting the Gulf to Europe via Turkey,  it will serve as a new Silk Road,  revitalizing ancient trade routes and  promoting economic integration.”
 
This corridor provides a practical alternative to the Suez Canal, meaning  greater route   diversification and a  reduced risk of disruption, thus  ensuring more reliable supply chains.
 
At the heart of the Iraq Development Road project is the Grand Faw Port, currently under construction in the city of Al-Faw.
 
This deep-water port features the world's longest breakwater, at 14.5 kilometers long, and is expected to    handle 7.5 million containers annually, capable of  receiving the world's largest container ships.
 
A 1,200-kilometer road and railway extend from the port to Turkey, and the project is expected to be fully operational by 2028.
 
In addition to the transportation infrastructure, the project plans to develop at least ten new cities along the railway route, along with several industrial zones and logistics centers. The development of these areas will provide new opportunities for local supply.
 
The development road is not just a logistics project; it represents a geopolitical transformation,
charting Iraq's transformation from a war-torn country to a pivotal regional link.
 
The project is supported by Turkey, Qatar, and the United Arab Emirates,
who recognize its potential to boost regional trade and reduce reliance on vulnerable maritime routes.
 
Kurdistan Region President Nechirvan Barzani said of the project:
 
"The Development Road Project represents a crucial step towards building a  more stable and prosperous Iraq, based on a  diversified economy and enhancing regional cooperation with neighboring countries."
 
Türkiye's participation is pivotal, as it represents the northern endpoint of the corridor,
which will connect to Europe via the cities of Mersin and Istanbul.
 
"The project provides a catalyst for economic prosperity that can benefit the entire region," said Ranj Alaaldin, a fellow at the Middle East Council on International Affairs.

As global trade networks seek to bolster their resilience in the face of geopolitical volatility,
 
Iraq is proving to offer not just a backup plan but potentially a major new artery for trade.
 
This project will redraw the region's economic map, transforming Iraq into an alternative trade artery at the heart of Eurasia.
 
This means transforming the country from an importer of opportunities to an exporter of corridors,
creating a diversified economy that moves away from its reliance on oil alone.
 
About Procurement Magazine  Quoted from Al Mada newspaper views 342  https://economy-news.net/content.php?id=57214

Iraq’s Oil Reserves Surpass 145 Billion Barrels 
 Iraq   Amr Salem   July 10, 2025   97   The Iraqi Minister of Oil, Hayan Abdul-Ghani, and other officials during their participation in the 9th OPEC International Seminar in Vienna, Austria.
 
Baghdad (IraqiNews.com) – The most recent figures for Iraq’s oil and gas reserves were publicly presented as part of the Iraqi government’s efforts to draw international investment to develop its hydrocarbon resources and play an important role in global energy markets.
 
During the 9th OPEC International Seminar in Vienna, the Austrian capital,  Iraqi Oil Minister Hayan Abdul-Ghani announced that  Iraq’s proven reserves exceed  145 billion barrels of oil and  over 132 trillion cubic feet of natural gas.
 
Iraq’s oil and gas deposits represent untapped energy potential, and they provide Iraq with an opportunity to play a critical role in maintaining the world’s energy stability, according to Abdul-Ghani.
 
Abdul-Ghani stressed that guaranteeing energy security in the next years will need a firm commitment from governments to support all sorts of energy projects.
 
Fossil fuels continue to be a key element in meeting the world’s growing energy demand,
as well as a critical driver for supporting infrastructure expansion and clean and sustainable energy projects, particularly in developing countries that require economic assistance to develop critical sectors such as health, education, and basic services.
 
Abdul-Ghani stressed that ongoing investment in oil and gas production projects is critical to ensuring global energy stability and inclusive economic growth.

The current level of investment does not match predicted demand,
particularly given the continued growing population globally and the ongoing industrial expansion.
 
The Iraqi oil minister urged governments to provide adequate financing to achieve an equilibrium in securing supplies from traditional energy sources like oil and gas and investing in sustainable energy.  

Additionally, Abdul-Ghani recommended setting up shared sovereign funds, a risk guarantee scheme, and  tax breaks to encourage private investment in energy projects. https://www.iraqinews.com/iraq/iraqs-oil-reserves-surpass-145-billion-barrels/  

Customs: Five Transit Flights Successfully Passed Through Iraq Under The TIR Agreement.
 
Yesterday, 15:44  Baghdad - INA - Mohammed Al-Talibi   The General Authority of Customs announced today, Wednesday, the successful passage of five transit flights through Iraq in accordance with the TIR Agreement, while  indicating that all land transit ports have been approved by the International Road Transport Union.
 
The Director of Transit at the General Authority of Customs, Ihab Talib Khalifa, told the Iraqi News Agency (INA): "The electronic lock system was applied to nine experimental flights coming from Umm Qasr towards the dry port," indicating that
 
"the monitoring was for drug shipments after the issuance of a decision to monitor drug shipments
from their entry into the country until their arrival at the dry port affiliated with the Central Region Directorate in Baghdad at the General Authority of Customs." 

He explained that  "the shipments were tracked using a GPS system installed on an electronic lock that secures the container," noting that
 
"the purpose of this matter is to  limit smuggling and  ensure the safe arrival of drug shipments for distribution, and to   activate the role of oversight  under the direction of the Director General of the General Authority of Customs, as we are about to introduce and track other types of shipments, including chemicals." 

He continued, "The transit issue has been activated and the international TIR agreement has been implemented.
 
Five successful flights were received and reached their destination country by passing through Iraq,which was the transit corridor." He emphasized, "This work will continue to enhance Iraq's role in international trade, as well as Iraq's strategic regional location.

Work on development is also ongoing." 

He explained that  "through purely Iraqi efforts, and with the cooperation and logistical support provided by the  Border Ports Authority from a technical standpoint, the  National Data Center affiliated with the General Secretariat of the Council of Ministers, and the  support of all officials,  all land transit ports have been submitted to the International Road Transport Union, and  all of them receive transit trucks, in addition to the ports designated for the entry of pharmaceutical shipments at the present time."

He pointed out that "the TIR system will expand in the near future, stage by stage, to include shipments of chemical materials."  https://ina.iq/ar/economie/238237-.html    

Losing Privatization
 
Economic 2025/07/10  Yasser Al-Mutawali  Any talk of privatization during this period is a losing and useless matter because it is too late. Twenty years have passed since important calls to privatize idle and losing companies and factories. Why? To understand  the meaning of privatization with a simple definition,
 
it is the transfer of idle government or public factories and plants that were and still are a burden on the working budgets to the private sector to      revive them and      operate them
 
after the management of these government factories was unable to restart them and make them productive,  after a disastrous failure faced by those administrations  under the pretext that the production costs are high and they are unable to achieve them, and the reason was certainly
 
Paul Bremer's policy of opening up the market without addressing the effects of indiscriminate imports on domestic production resulted in loss-making industries.
 
These factories and companies continued to consume budgets without producing any output,
leading to disguised, flabby unemployment that has been, and continues to be, a burden on the state.
 
Economic experts have called for its privatization, convinced that the private sector is capable of operating it and making it productive and profitable.
 
An article by my colleague Thamer Al-Haimus caught my attention,
in which he raised the issue of privatization and titled it "National Privatization."
 
As someone who is interested in economic affairs and has followed the stages of challenges that the Iraqi economy has gone through,  I find that merely thinking about privatization is nothing more than an invitation to loss.

 
The reasons are many and varied,
 
     foremost among them is the passage of 20 years without any benefit with the accumulation of losses, and
 
     secondly, the decline in the productive life of these factories and companies has been eaten away by time, and
 
     thirdly, they, the factories, have become unfit to keep pace with the great development left behind by globalization and the third technological revolution, followed by the
 
     fourth, the science of technology, robotics and artificial intelligence. So, what privatization?
 
Are we talking?
 
The technological and technical development achieved by China and some of the major industrial countries has reached an unimaginable level.
 
So what is the point of privatization in an age of modern technology and future jobs?
 
These companies and factories have become old and have gone out of service automatically without any decision, and the need dictates how to liquidate them and benefit as much as possible.
 
Some of these sites are being invested in modern production and service fields that are in line with the nature of the stage.
 
That is why I titled this article “Lossy Privatization.”
 
Therefore, the liquidation must be studied and organized according to basic needs.
 
Based on the above, the state-private partnership (PPP) approach represents a reasonable model of partial or participatory privatization,  a model that is currently prevalent worldwide without the state losing its assets.
 
This model maximizes   production,  productivity, and the  efficiency of technological development and
     financing by involving market forces in national industrial activity.
 
However, the country needs to enact a law on state-private partnerships, which remains a hot topic of debate in the House of Representatives to this day.   https://alsabaah.iq/117220-.html  

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

Seeds of Wisdom RV and Economic Updates Friday Morning 7-11-25

Good Morning Dinar Recaps,

Dollar Supremacy Threatened: The U.S. Bets Big on Stablecoins to Halt Global De-Dollarization

As global confidence in the U.S. dollar continues to erode, the United States is making a bold play: stablecoins. With inflation-ridden emerging markets drifting toward alternative currencies and geopolitical rivals advancing multipolar monetary models, Washington is now pivoting to digital finance as a last line of defense.

Dollar Weakens Despite High Rates, Tariffs, and Sanctions

The numbers paint a stark picture. The dollar just marked its worst semester since 1973, with over a 10% drop in value, according to ABC News. Even high Treasury yields are failing to entice investors. A viral post from Global Markets Investor summed up the sentiment:

“The dollar continues to fall despite high yields on Treasury bonds. There may no longer be enough demand for American assets. This calls into question its role as the world reserve currency.”

The dollar's share of global foreign exchange reserves has slipped from 70% in 2000 to just 55% today, according to Sygnum. While Washington responds with tariffs—most recently 50% levies on BRICS and anti-dollar economies—those same moves risk weakening international trust.

Even legendary investors like Warren Buffett have warned of a dollar in decline, with Robert Kiyosaki, Arthur Hayes, and Donald Trump echoing fears of a monetary collapse.

Enter the GENIUS Act: The U.S. Stablecoin Strategy

To counter this erosion, the U.S. is pushing forward a digital policy anchored in blockchain: the GENIUS Act. Backed by Trump, David Sacks, and Scott Bessent, and passed in the Senate, the legislation provides a regulatory framework for dollar-pegged stablecoins.

These digital dollar proxies are rapidly becoming a geopolitical tool. Their strategic appeal? Offering economic stability in inflation-stricken emerging nations, where local currencies are crumbling.

“Global demand for dollar stablecoins is a geopolitical opportunity to maintain US monetary dominance.”
— Sygnum report

Institutions like Fireblocks and Sygnum are already building instant settlement networks with stablecoins. Meanwhile, countries like the UAE are experimenting with dirham-backed stablecoins, highlighting the global momentum.

But not everyone is on board. In April, Italy’s Finance Minister warned that U.S. stablecoin policy may pose greater risks than tariffs—a reflection of growing European unease with Washington's digital power projection.

A Bandage or a Backfire? The Limits of the Stablecoin Gamble

While stablecoins offer short-term utility, they may be masking a deeper systemic decline. The Sygnum report cautions:

“If the decentralized economy expands, dollar dominance can be reinforced by stablecoins. However, their impact will remain limited without massive adoption in Southern countries.”

At its core, the stablecoin strategy doesn’t fix budget deficits, geopolitical mistrust, or U.S. debt dependency. In fact, widespread stablecoin usage could accelerate the visibility of dollar weakness—broadcasting it to a global audience in real time.

Meanwhile, the BRICS Quietly Advance a Multipolar Order

While the U.S. pursues dominance through digital dollars, the BRICS alliance (Brazil, Russia, India, China, South Africa) is quietly developing multi-currency trade systems, with aims to bypass the greenback altogether.

Although the 2025 BRICS summit notably omitted any formal de-dollarization plan, the group continues to explore alternatives to U.S.-led monetary infrastructure—including local currency settlements, sovereign digital currencies, and tokenized trade mechanisms.

Key Facts & Figures

• 📉 Dollar share of global reserves: down from 70% (2000) to 55% (2025)

• 🧾 GENIUS Act: passed by Senate, establishes rules for USD-backed stablecoins

• 🌍 BRICS strategy: focus on regional trade settlement systems, not dollar replacement

• ⚡ Fireblocks & Sygnum: deploying stablecoin-based instant settlement networks

• 🚨 Italy warns: stablecoins pose “a greater danger than tariffs”

Final Thought

Stablecoins might extend the life of the dollar, but they cannot rebuild global trust or reform fiscal realities. As even Elon Musk warns of a looming U.S. debt crisis, it's increasingly clear: digital fixes can’t patch structural cracks.

What began as a tool of stabilization could ultimately highlight the monetary fragmentation the U.S. is trying to avoid.

@ Newshounds News™
Source: The Coin Tribune

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Ripple Picks BNY Mellon to Back RLUSD Stablecoin Amid $500M Surge

Ripple has officially partnered with BNY Mellon, the oldest U.S. bank, to custody reserves for its RLUSD stablecoin, marking a major moment for institutional adoption of digital assets. In just seven months, RLUSD has surged past $500 million in market cap, with Ripple rapidly expanding its institutional reach and regulatory alignment.

Wall Street Backs Ripple’s Stablecoin

The partnership between Ripple and BNY Mellon represents a leap forward for RLUSD's credibility and regulatory posture. BNY Mellon will act as the primary custodian of RLUSD’s reserves, which are fully backed 1:1 by U.S. dollars and Treasuries.

“As primary custodian, we are thrilled to support the growth and adoption of RLUSD by facilitating the seamless movement of reserve assets and cash to support conversions.”
— Emily Portney, Global Head of Asset Servicing, BNY Mellon

The move strengthens Ripple’s pitch to regulators and institutional players, sending a strong message: Ripple is playing by the rules—and winning.

RLUSD Rockets to $500M Market Cap

Launched in December 2024, RLUSD has seen explosive growth in a short time, quickly emerging as a key player in the U.S. stablecoin race. It was built for real-world payments and XRP interoperability, and it’s already being used across RippleNet’s enterprise and liquidity solutions.

Ripple’s approach to full collateralization and transparency has positioned RLUSD as a reliable choice amid increasing global scrutiny of stablecoins.

Ripple Applies for U.S. Banking Charter

Ripple isn’t stopping at partnerships. The firm has applied for both a U.S. national banking charter and a Federal Reserve master account—moves that would allow Ripple to:

• Hold customer reserves directly with the Fed

• Access FedWire and other central bank services

• Deepen integration with traditional banking infrastructure

This marks a major institutional play and reflects Ripple’s broader ambition to bridge crypto and traditional finance.

Stablecoin Summer: A U.S. Crypto Renaissance

With Congress advancing the GENIUS Act and Trump’s administration easing restrictions, a U.S.-led crypto resurgence is in full swing. Ripple’s RLUSD is riding this wave, joining the likes of Amazon, Uber, Airbnb, Apple, and Walmart, all reportedly exploring stablecoin integrations.

This “Stablecoin Summer” could reshape the way digital dollars move through the economy.

Swiss Banking Giant AMINA Adds RLUSD Support

Ripple’s global expansion is also accelerating through AMINA Bank, a Swiss institution regulated by FINMA. AMINA is now offering custody and trading services for RLUSD via its secure, bank-grade digital platforms.

This brings RLUSD to Europe’s institutional clients, reinforcing its role as a trusted global digital dollar.

What’s Next?

With the BNY Mellon partnership live, a banking charter pending, and global traction rising, Ripple’s RLUSD may soon cross the $1 billion mark in market cap.

If current momentum holds, Ripple could soon set the standard for regulatory-compliant stablecoins in the U.S. and beyond.

@ Newshounds News™
Source: Coinpedia

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India Distances Itself From BRICS to Secure Trade Deals With the U.S.

In the face of rising geopolitical tensions and newly imposed U.S. tariffs, India is subtly distancing itself from BRICS to preserve its economic relationship with the United States. By reaffirming its commitment to the U.S. dollar, India is making it clear: it has no immediate plans to pursue de-dollarization alongside its BRICS partners.

India Moves to Avoid Trump’s Tariff Threats

With former President Donald Trump back in the spotlight and pushing aggressive tariff policies, India is navigating cautiously. According to Bloomberg, Indian officials are proactively communicating to Washington that they are not undermining the greenback in global trade. This strategy is seen as a bid to remain exempt from Trump’s escalating tariffs.

Trump's approach has already been demonstrated. On Wednesday, he imposed a 50% tariff on Brazilian goods, just two days after the BRICS 2025 summit, where both India and Brazil played key roles.

“Trump is unhappy with some BRICS members (India) who have been talking about an alternate reserve currency,”
— Mohan Kumar, Envoy to the WTO

India has consistently clarified that it supports local currency trade, but does not endorse abandoning the dollar as a reserve currency—drawing a sharp line between trade facilitation and geopolitical challenge.

India Seeks Favor With U.S. to Strengthen Bilateral Ties

Indian trade officials are working hard to finalize favorable trade agreements and avoid falling under Trump’s protectionist radar. The goal: secure economic deals and avoid retaliatory tariffs that could harm its export sectors.

In contrast to Brazil’s vocal opposition, India is positioning itself as a strategic partner to the United States. Trump’s Vice President, J.D. Vance, recently praised India’s economic potential and emphasized the strategic importance of the alliance.

“The fate of the 21st Century is going to be determined by the strength of the United States and India partnership,”
— Vice President J.D. Vance

This public endorsement signals a growing bond between the two countries, even as BRICS faces internal contradictions regarding de-dollarization and alternative reserve systems.

Key Developments

• 🇮🇳 India reaffirms support for USD in global trade to avoid Trump’s tariff crackdown

• 🇺🇸 Trump imposes 50% tariffs on Brazil, showing seriousness in punishing anti-dollar policies

• 🌐 India draws a line between local currency settlements and de-dollarization efforts

• 💬 VP J.D. Vance calls India a vital U.S. ally for shaping the 21st-century economy

• 🤝 New Delhi remains active in securing trade deals and maintaining economic stability

Final Thought

India’s strategic pivot shows how even BRICS members are not united on de-dollarization. As Trump’s economic pressure grows, national interests are reshaping alliances. For India, economic pragmatism is winning over ideological alignment—choosing U.S. trade over BRICS confrontation, at least for now.

@ Newshounds News™
Source: Watcher.Guru

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