“Tidbits From TNT” Sunday 7-20-2025

TNT:

Tishwash:  Parliament decides to hold an extraordinary session next Monday.

Extraordinary session Monday, July 21

Representatives reading verses from the Holy Quran

First: A general topic for discussion regarding the Kut fire incident.

Second: A general topic for discussion regarding the terrorist attacks with explosive drones on infrastructure in the Kurdistan Region.  link

Tishwash:  Iraq's accession to international financial institutions enhances economic development opportunities.

As part of its efforts to strengthen its financial presence on the international stage and diversify funding sources for its service and construction projects, Iraq has taken a significant step by joining two of the most prominent multilateral financial institutions: the European Bank for Reconstruction and Development and the Asian Infrastructure Investment Bank.

Although the direct repercussions of this step are still in the developmental stage, economists see it as a prelude to attracting long-term financing, bolstering development efforts in vital sectors such as energy, infrastructure, and transportation, and opening the doors to international partnerships for Iraq in the post-crisis phase.

Projects and bridges

Economic expert Dr. Majid Al-Baydani explained to Al-Sabah regarding Iraq’s accession to the Asian Development Bank: “The projects currently underway in Baghdad, such as bridges and others, have no connection to the Asian Development Bank’s projects, as their funds are allocated by the state in the project budget according to the investment portion of the budget. The Asian Development Bank has no role in implementing or establishing the aforementioned projects, as the contractor may be Chinese, the implementing company may be Chinese, or another international nationality.”

He added, "The implementation of projects by the Asian Development Bank is subject to certain conditions, including that the bank selects the implementing companies, along with their own mechanisms and engineering efforts, unlike what some might imagine. Furthermore, the bank's projects are implemented through loans from the bank and on its own terms."

long term

Economic expert Ahmed Makalaf believes that “there has not yet been any direct benefit from Iraq’s joining the Asian Infrastructure Investment Bank. Rather, the benefit is long-term, not immediate. The real benefit is in giving Iraq an international standing and a good reputation from an economic perspective.”

“The development road will be a gateway for the Asian Development Bank to enter Iraq with projects,” the official added in an interview with Al-Sabah. “It is likely that the country will borrow from the bank to implement projects related to the road, and will likely build cooperation through this bank in financing parts of the activity for major projects related to the development road, contributing to strengthening the economy within the international environment and building strong international relations in the future.”

Membership shares

For his part, Dr. Mazhar Mohammed Saleh, Advisor to the Prime Minister, stated that as far as the distribution of capital among the participating countries in the Asian Infrastructure Investment Bank is concerned, the bank's total capital amounts to $100 billion, with 20% allocated as paid-in capital and the remainder as callable capital. Each country is obligated to contribute its share of the paid-in capital upon joining.

sustainable development

He added: "The Asian Infrastructure Investment Bank (AIIB) is an international institution that aims to support infrastructure projects and sustainable development in Asia and beyond. The bank, headquartered in Beijing, provides concessional loans to finance infrastructure projects for member countries. This accession is a strategic step for Iraq to advance its development projects in areas such as transportation, energy, and water."

European Bank

Regarding the benefits of Iraq joining the European Bank, Saleh said: “There is a positive correlation between building a development strategy, which is embodied today by the government’s philosophy of launching a development initiative with comprehensive sectoral economic links, called the “Development Road” project, which is the corridor and strategic project that links the European Union countries with Asia via Iraq and the Gulf maritime corridors and vice versa

On the one hand, and the requirements for implementing the various stages of the development road through the role that Iraq’s membership in the European Bank for Reconstruction and Development occupies, on the other hand, especially in terms of the advantages of obtaining European technology and ensuring the role of companies from European Union countries in implementing the development road in all its aspects, whether in infrastructure, industrial production projects, or various logistical services.”  link

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Tishwash: Strengthening the national economy... Parliament prepares to approve the industrial investment law.

Representative Firas Al-Maslamawi, spokesman for the Reconstruction and Development bloc in parliament, confirmed on Saturday that there is a clear desire among most political blocs to pass several important laws during the final legislative session, most notably the Popular Mobilization Forces Law and the Industrial Investment Law.

Al-Maslamawi told Al-Maalouma News Agency, “The Industrial Investment Law has a significant impact on developing the industrial sector, and its passage will bring a qualitative leap forward for this vital and important sector.”

He added, "The House of Representatives is determined to make up for the missed passage of important laws during the previous legislative session, which saw a number of political blocs boycott the sessions, in addition to the regional security challenges in the region."

He pointed out that "the majority of political blocs support the passage of laws related to reconstruction and the development of vital sectors that generate high financial revenues, in addition to the insistence of many political forces on passing the Popular Mobilization Forces law."

Al-Maslamawi explained that “the Industrial Investment Law is one of the most prominent laws to be passed during the final legislative session, due to its pivotal role in strengthening and developing the industrial sector in Iraq.”  link

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Tishwash:  Al-Sudani: We plan to open Baghdad to a larger network of internal and provincial connections via two ring roads.

Prime Minister Mohammed Shia Al-Sudani confirmed, on Saturday, that the government plans to open Baghdad to a larger network of internal connections and with the governorates via the fourth and fifth circular roads.

His office said in a statement received by (IQ), "Prime Minister Mohammed Shia Al-Sudani received, on Saturday, the sheikhs and dignitaries of the Kadhimiya, Al-Shu'la, Al-Hurriyah, Al-Tobji, Al-Atifiyah and Al-Adl areas, during which he listened to an explanation from the sheikhs and dignitaries about the status of services in their areas, their proposals for addressing them, and the most prominent problems and requirements.

" Al-Sudani stressed that "such meetings are an opportunity to learn about the concerns of the citizen and clarify what the services government is working on." He praised the role of the authentic Iraqi tribes, which are relied upon as a safety valve for Iraq, and their awareness and responsibility in supporting the people of the country who have risen to the occasion in the legislative and executive institutions." He pointed out "what the capital, Baghdad, has suffered from in terms of a lack of and delays in services, in addition to terrorism, which has been defeated irrevocably, despite the increase in its population to 9.5 million people."

He explained, "The government has drawn up three tracks for services. The first is through the rapid delivery of services, through the Service and Engineering Effort Team. The second includes resuming work on stalled projects, especially hospitals, roads, bridges, water and sewage, and school buildings. The third track includes implementing new projects in Baghdad and the governorates, including easing traffic congestion."

He continued, "We plan to open Baghdad to a larger network of internal connections and with the governorates, via the fourth and fifth circular roads, which are connected without dividing borders from Diyala, Kut, Salah al-Din, and Abu Ghraib. The districts and areas surrounding Baghdad (Sabaa al-Bour, al-Nahrawan, al-Wahda neighborhood, and al-Rashid) have been included in all infrastructure projects."
He pointed out, "Without service projects, it will not be possible to move to building new cities and bringing about development. We have contracted with real estate developers and companies to build integrated cities, to ensure proper construction and the provision of services."

He continued, saying: "We have started in some areas with rapid rehabilitation and the addition of basic services, including Kadhimiya due to its special status in receiving millions of visitors annually," stressing that "the rehabilitation of the site (formerly the Fifth Division) in Kadhimiya will witness a qualitative shift for the city, and a new bridge will be added towards Al-Krayat to relieve congestion and pressure."

He stressed, "Stability must be maintained in order for development and reconstruction to continue, and there is a heavy price we paid to achieve this goal, and we say with confidence that terrorism is no longer capable of any threat, and the security services control all areas."

He pointed out, "Iraq is in the midst of a region inflamed with conflicts, and the criminal government of the entity has persisted in aggression and assault on the countries of the region without oversight or accountability. We maintain our principled position towards what is happening, and we work wisely and responsibly to avoid slipping into war and conflicts while we are in a construction phase, and we are consolidating our development, economic and service capabilities, to be a strong state capable of facing difficulties."

He explained, "Our security institutions enjoy the community's support in confronting all challenges, from the threat of drugs to preserving the state's achievements."  link

Mot:  ... Great Morning!!! Wellllllllllllllll ----

Mot:  . Beeee Careful OUt There 

Seeds of Wisdom RV and Economic Updates Sunday Morning 7-20-25

Good Morning Dinar Recaps,

Trump Signs GENIUS Act Into Law, Cementing First Federal Crypto Bill in US History

Historic Win for Stablecoins, U.S. Crypto Industry, and Digital Asset Regulation

In a defining moment for the U.S. digital economy, President Donald Trump has officially signed the GENIUS Act, marking the first federal law regulating stablecoins and delivering a major legislative victory for the crypto industry.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which creates clear rules for U.S. dollar-backed digital currencies, was signed into law on Friday, July 19, during a high-profile event attended by industry leaders and administration officials.

Crypto-Friendly Policy Becomes Federal Law

After facing initial resistance in the U.S. House earlier in the week, the bill passed on Thursday after Trump secured support from GOP holdouts by linking the GENIUS Act with the Anti-CBDC Surveillance State bill, which will be attached to the National Defense Authorization Act (NDAA).

In his remarks, President Trump called the legislation essential for protecting the U.S. dollar’s global reserve status, comparing a failure to regulate stablecoins with “losing a world war.”

The GENIUS Act now:

• Requires stablecoin issuers to back reserves 1:1 with U.S. dollars or Treasuries

• Limits issuance to regulated financial institutions

• Establishes transparency standards, including monthly reserve disclosures

Massive Institutional Support and Economic Implications

Treasury officials confirmed in briefings that the bill would both clarify digital asset rules and likely increase stablecoin adoption in the U.S. Crypto and AI czar David Sacks claimed it could attract trillions in capital to the American economy.

This comes as the Ripple-issued RLUSD, Circle’s USDC, and other dollar-backed stablecoins stand to benefit from this regulatory green light.

Crypto Industry Celebrates “Crypto Week” Legislative Victories

The signing event drew high-level attendance from across the crypto and tech sectors, including:

• Brian Armstrong (Coinbase CEO)

• Tyler and Cameron Winklevoss (Gemini)

• Executives from Robinhood, Rumble, and other fintech disruptors

Trump acknowledged their efforts during the ceremony, praising their “revolutionary work” in building a decentralized financial future. He went further to describe crypto as “the next great innovation after the internet.”

GENIUS Act Ushers In New Crypto Era Under Trump

This marks the first federal crypto law in U.S. history, signaling a massive shift in Washington’s approach to digital assets. Industry leaders now anticipate further breakthroughs, as the CLARITY Act and Anti-CBDC Surveillance State Act also passed during what has been dubbed “Crypto Week”.

The administration’s shift in tone has already resulted in:

• Executive orders establishing a strategic crypto reserve

• SEC dropping lawsuits against Coinbase, Binance, and Robinhood

• Broad adoption push from regulators and U.S.-based fintech innovators

With this signature, the U.S. now positions itself as a global hub for regulated digital finance, accelerating the mainstream integration of Bitcoin, XRP, stablecoins, and blockchain-based payment rails.

@ Newshounds News™
Source: The Crypto Basic    

~~~~~~~~~

US Treasury: “The Dollar Is Coming On-Chain” as GENIUS Act Becomes Law

Treasury Secretary Scott Bessent confirms major blockchain integration for U.S. financial system

Following the historic passage of the GENIUS Act, U.S. Treasury Secretary Scott Bessent announced that the U.S. dollar is officially going on-chain, signaling a major transformation in how the world’s reserve currency will function in the digital era.

The declaration came shortly after President Donald Trump signed the GENIUS Act into law during a White House ceremony, calling it a generational milestone for fintech and stablecoins.

A Blockchain-Based Future for the Dollar

In a public statement on X (formerly Twitter), Secretary Bessent praised the moment as a technological turning point for U.S. finance:

“Blockchain technologies will power the next generation of payments, and the US dollar is coming on-chain.
Thanks to President Trump’s visionary leadership, and Senator Hagerty’s important work in Congress, the GENIUS Act will help cement the US dollar as the global reserve currency for generations to come.”

The GENIUS Act, which now stands as the first federal stablecoin law, mandates:

• 1:1 backing of stablecoins with U.S. dollars or short-term Treasuries

• Monthly transparency reports and annual audits

• Issuance restricted to licensed banks or regulated financial institutions

These standards are designed to integrate stablecoins into the broader banking system, while promoting trust, transparency, and institutional compliance.

Trump Hails GENIUS Act as “Revolution in Financial Technology”

During the GENIUS Act signing ceremony on Friday, President Trump emphasized that the bill represents a paradigm shift for U.S. leadership in the digital economy:

“The GENIUS Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins.
This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.”

The Act is widely seen as the keystone in a broader legislative framework that includes the CLARITY Act (governing crypto assets more broadly) and the Anti-CBDC Surveillance State Act, both of which passed in the House during "Crypto Week."

Global Implications: On-Chain Dollar vs. BRICS and CBDCs

Bessent’s statement that the dollar is “coming on-chain” signals a U.S. pivot away from centralized CBDC models, favoring private-sector stablecoin innovation under strict oversight.

This move comes amid global developments such as:

• BRICS push for a new reserve currency and blockchain-based trade systems

• Ongoing de-dollarization efforts by countries like Russia, China, and Brazil

• Rising influence of crypto-dollar platforms like RLUSD, USDC, and others that now meet GENIUS Act compliance

By bringing the U.S. dollar onto blockchain rails, the U.S. aims to retain monetary dominance while adapting to new digital financial architectures.

@ Newshounds News™
Source: The Daily Hodl

~~~~~~~~~

GENIUS Act Blocks Big Tech and Wall Street from Dominating Stablecoins, Says Circle Exec

Circle CSO reveals powerful “Libra Clause” that limits tech and bank control of dollar-backed digital currencies

The newly signed GENIUS Act doesn’t just bring stablecoins under U.S. regulation—it also prevents Big Tech and major banks from monopolizing the market, according to Circle’s Chief Strategy Officer Dante Disparte.

Speaking on the Unchained podcast this weekend, Disparte revealed that the law contains what he calls a “Libra clause”—a direct reference to Facebook’s failed Libra project—which ensures that non-bank tech giants must clear strict regulatory and structural hurdles before issuing any U.S. dollar-pegged stablecoin.

The “Libra Clause”: Safeguarding Against Tech Domination

“Any non-bank wanting to mint a stablecoin must create a standalone entity that looks more like Circle and less like a bank,” said Disparte.

These entities would face:

• Structural separation from their parent companies

• Antitrust scrutiny

• Approval from a Treasury-led oversight committee with veto power

Banks Also Restricted from Risk-Based Stablecoin Activity

Traditional banks aren’t exempt either. Under the GENIUS Act:

• Stablecoin operations must exist as legally separate subsidiaries

• These subsidiaries must avoid risk-taking, lending, and leverage

• Issued coins must be fully backed and isolated from the bank’s main balance sheet

Disparte noted that this framework is even more conservative than JPMorgan’s deposit-token proposals, prioritizing consumer protection and dollar stability over profit-seeking ventures.

GENIUS Act: Bipartisan Momentum and Market Clarity

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed with over 300 House votes, including 102 Democrats, cementing strong bipartisan support.

“Crypto is finally getting what it wanted: legitimacy, legal clarity, and a path to compete,” Disparte said.

The bill:

• Preserves state-level regulation for issuers below $10B in assets

• Requires a federal charter for larger stablecoin operators

• Bans interest-bearing stablecoins and unbacked tokens like Terra

• Introduces criminal penalties for false “stable” claims

DeFi Stands to Benefit: From “Stablecoin Summer” to “DeFi Summer”

While the Act’s ban on yield-bearing stablecoins is controversial, analysts believe it may trigger a new wave of DeFi adoption. Without native yield on centralized stablecoins, Ethereum-based protocols offering decentralized interest products may attract institutional and retail capital alike.

“Stablecoin summer may now evolve into DeFi summer,” predicted analysts Nic Puckrin and Christopher Perkins of CoinFund.

For institutional investors—who face fiduciary mandates to seek yield—DeFi becomes the go-to mechanism for passive income, further boosting adoption of decentralized protocols.

Conclusion: GENIUS Act Is a Balancing Act

By limiting both Big Tech’s control and bank risk, the GENIUS Act attempts to foster a secure, competitive, and innovation-friendly environment for the future of U.S. digital finance—anchored by the dollar, but powered by blockchain.

@ Newshounds News™
Source: Cointelegraph   

~~~~~~~~~

Brazil–U.S. Trade Conflict Set to Escalate Amid Political Tensions and Retaliation Threats

50% Trump Tariff Spurs Talk of Sanctions, Visa Revocations, and Big Tech Crackdowns

The trade dispute between Brazil and the United States is showing signs of escalation, with both nations now reportedly exploring retaliatory economic and political measures. The conflict stems from President Donald Trump's 50% tariff on Brazilian imports, effective August 1, and his vocal opposition to the prosecution of former Brazilian President Jair Bolsonaro.

Political Flashpoints Fuel Trade Breakdown

The tension intensified after U.S. Secretary Marco Rubio revoked visas for Brazilian Supreme Federal Court Justice Alexandre de Moraes and other judges involved in Bolsonaro’s trial. Rubio claimed the actions were necessary due to:

“Violations of Brazilians' basic rights and the direct targeting of Americans.”

The Brazilian government quickly condemned the move, accusing the U.S. of interfering in Brazil’s judicial affairs. President Luiz Inácio Lula da Silva responded firmly:

“Interference by one country in another’s justice system is unacceptable and violates the basic principles of respect and sovereignty between nations.”

Retaliatory Measures on the Horizon

In response, the Lula administration is now considering a suite of retaliatory economic measures, including:

• Reinstating a digital services tax targeting Big Tech platforms—similar to a measure recently reversed in Canada

• Restricting dividend payments by U.S.-based companies operating in Brazil

• Targeted taxation increases on multinational corporations, though legislation may be difficult due to an already-enacted 15% global minimum corporate tax

On the U.S. side, additional tariffs or sanctions could follow if Brazil moves forward with these measures.

High Stakes for $92 Billion Trade Relationship

The stakes are high: bilateral trade between Brazil and the U.S. topped $92 billion in 2024, with the United States maintaining a $7 billion surplus. That trade relationship could be in jeopardy if retaliatory policies are implemented on either side.

While the official line from both governments remains cautious, backchannel communications suggest mutual retaliation is actively being mapped out.

Conclusion: Political Disputes Risk Economic Fallout

The intersection of politics, judicial independence, and global trade is now threatening to unravel one of the Americas’ largest bilateral economic partnerships. As Bolsonaro’s trial proceeds and Trump signals further punitive actions, observers warn that the conflict could spiral into a full-fledged trade war unless diplomacy intervenes.

@ Newshounds News™
Source: Bitcoin News

~~~~~~~~~

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Ariel : The Time is Upon us, a Financial Revolution for the Ages

Ariel : The Time is Upon us, a Financial Revolution for the Ages

7-19-2025

Hot Off The News Wire

The Time Is Upon Us: A Financial Revolution For The Ages

Ladies & Gentlemen Are You Ready?

One stroke of a pen is about to change our lives forever. Do you not see the significance of what is set to transpire to uproot the corruption in our financial system?

We have been waiting for this momentum our entire lives. We are minutes away from the rest of it. Are you counting down to your blessings? Take the time away from your busy schedule today and soak all of this in. Take deep breaths. And understand what is about to happen.

The world will no longer be the same after today. So you might as well start planning how you will be spending more time with doing what you actually love to do. Because this will never happen again for as long as we live. So take this moment and hold it close to you.

~The Time Is Now My Fellow Americans

CoinDesk:  NEW: Coinbase CEO Brian Armstrong claims President Trump signing the GENIUS Act into law will be "the official start of the financial revolution in the US."

Let The Games Begin

Green Light

Watcher.Guru:  BREAKING: President Trump officially signs crypto 'Genius Act' into law.

https://x.com/i/status/1946291084939677864

Watcher.Guru:  JUST IN: President Trump says crypto is "only going further" under his administration.

https://x.com/i/status/1946287388218532043

Source(s):  https://x.com/Prolotario1/status/1946282297864356259
https://x.com/Prolotario1/status/1946292424403239160

https://dinarchronicles.com/2025/07/19/ariel-prolotario1-the-time-is-upon-us-a-financial-revolution-for-the-ages/

The Financial Reset Nobody is Watching

The Financial Reset Nobody is Watching

Miles Harris:  7-19-2025

The video delves into the ongoing, largely unnoticed transformation in the global financial system driven by the tokenization of real-world assets via blockchain technology.

While much public attention focuses on cryptocurrencies, inflation, and politics, financial institutions, asset managers, and central banks are quietly reshaping ownership itself. Tokenization converts physical assets—such as real estate, bonds, and money—into digital tokens represented as programmable code on private blockchains.

This innovation promises faster settlement, fractional ownership, and more efficient markets, but it also introduces fundamental shifts in how ownership and control are defined and exercised.

Unlike traditional ownership, tokenization creates a layer of abstraction where the token represents a claim often governed by private custodians and code rather than legal title. This conditional ownership is programmable, meaning access to and use of assets can be restricted or revoked automatically by pre-set rules embedded in smart contracts.

 Major players like BlackRock, JP Morgan, and central banks are pioneering permissioned blockchain platforms that operate under their control, not public decentralized networks. These systems enable near-instant settlement and automated compliance but also centralize power and surveillance over financial activities.

Central Bank Digital Currencies (CBDCs) combined with tokenized assets enhance the capacity for continuous monitoring, enforcement, and control at unprecedented scales and speeds. The touted benefits of efficiency and inclusion mask a deeper reality: these developments concentrate control in the hands of large institutions, replacing traditional legal mechanisms with code-based governance. Ownership becomes conditional and contingent on meeting coded rules, potentially limiting individual autonomy and financial freedom without transparency or recourse.

The video warns that this financial reset is not a democratizing revolution but a stealthy consolidation of control by financial elites, technology providers, and governments.

Ordinary people risk losing genuine ownership and privacy, facing exclusion if they lack digital identities or remain unbanked. To mitigate these risks, the video advocates maintaining exposure to decentralized tools like Bitcoin with self-custody, preserving real-world assets, using cash while possible, and staying informed about the evolving infrastructure.

 Ultimately, while tokenization brings efficiency, it also brings programmable ownership, automated enforcement, and institutional dominance, reshaping the very nature of money and property rights.

https://youtu.be/wPIubDbac1w

Iraq Economic News and Points To Ponder Saturday Afternoon 7-19-25

Iraq Economic News and Points To Ponder Saturday Afternoon 7-19-25

Jamima Port Is About To Open And The Ports Are Achieving Unprecedented Revenues.

July 19, 2025   Baghdad - Qusay Munther   The Jamima border crossing with Saudi Arabia will soon enter service, boosting trade and economic exchange between Baghdad and Riyadh. This comes amid government efforts to open new windows to support the national economy and expand foreign trade routes, in line with the government's current regional openness plans.

Lieutenant General Omar Adnan Al-Waili, head of the Border Ports Authority, said during a conference yesterday that "the Border Ports Authority has completed the administrative procedures and official recognition of this crossing since 2020."

Opening An Outlet

He added, "The current government and the House of Representatives were determined to open the crossing as soon as possible.

" Al-Waili expressed his "thanks to the Kingdom of Saudi Arabia and its ambassador to Iraq, who had a great desire to personally attend this place, and that all state institutions, agencies and ministries are looking forward to opening the crossing," announcing "the imminent opening of the border crossing, which will positively reflect on trade and economic exchange between Iraq and Saudi Arabia."

The current government is moving to open new windows that support the national economy and expand foreign trade routes in line with the regional openness plans it is adopting during the current phase. Meanwhile, the General Company for Iraqi Ports has achieved revenues exceeding 630 billion dinars.

The company's general manager, Farhan Al-Fartousi, said in a statement yesterday that "total revenues for the first half of the current year amounted to 630 billion dinars, a clear increase compared to last year's revenues, which amounted to more than 486 billion dinars," stressing that "these figures reflect the increasing performance and operational efficiency of Iraqi ports."

He went on to say that "the northern Umm Qasr port topped the ports by achieving revenues of more than 288 billion dinars, followed by Khor Al-Zubair port with 125 billion dinars, then Basra oil port with revenues of nearly 138 billion dinars.

The southern Umm Qasr port also recorded revenues exceeding 56 billion dinars, while Abu Flus port revenues amounted to more than 3 billion dinars, and Al-Maqal port about 11 million dinars. As for administrative and service activity at the company's headquarters, it achieved revenues exceeding 18 billion dinars," indicating that "these revenues came as a result of administrative reforms and operational expansion implemented by the company as part of its strategic plan," and he pointed out that "Iraqi ports are currently witnessing an increasing momentum in import movement." And exports, supported by operational stability, improving the investment environment, and concluding operational contracts with specialized companies.

Meanwhile, the Ministry of Transport announced its plan to transport pilgrims to and from Karbala during the Arbaeen pilgrimage, noting that more than 850 buses have been allocated to serve pilgrims inside and outside the city of Karbala.

Ministry spokesman Maitham Al-Safi said, “A committee or operations room was formed under the direction of the former Minister of Transport, headed by the Undersecretary of the Ministry for Administrative Affairs, to manage the Arbaeen pilgrimage file.”

He continued, “The Ministry usually allocates a number of buses each season, consisting of more than 650 red single-decker and double-decker buses, and more than 200 blue buses.”

Multiple Axes

He stressed that (the blue buses will be designated for transportation between governorates, while the red buses will operate within the city of Karbala), pointing out that (this process is taking place along multiple axes determined by the Supreme Committee for the Arbaeen Pilgrimage, as there is a full fleet of buses to cover the transportation of visitors).

The Minister of Interior, Chairman of the Security Committee for the Million-Man Pilgrimage, Abdul Amir Al-Shammari, had previously inspected the Shalamcheh border crossing to see its readiness to receive visitors.

Yesterday's statement said that (Al-Shammari arrived at the Shalamcheh border crossing to see the preparations underway at this crossing to receive visitors of Arbaeen of Imam Hussein, peace be upon him, the services provided to them, facilitating their entry procedures into Iraq and providing a suitable atmosphere for all arrivals). LINK

Iraq Intends To Increase Majnoon Oil Field Production To 400,000 Barrels Per Day.

Energy  Prime Minister for Energy Affairs and Oil Minister Hayan Abdul-Ghani announced on Saturday that the ministry intends to increase crude oil production from the Majnoon oilfields in southern Iraq to 400,000 barrels per day by the end of this year.

This came during his visit to the DS2 station in the Majnoon field, where he reviewed the implementation phases of the vital project, which began in 2018 following its receipt by the Basra Oil Company. The project currently stands at more than 85% completion, according to a statement issued by the company.

The statement quoted the minister as saying: "Completion of the station by the end of this year will increase the Majnoon field's production capacity to 400,000 barrels per day." He added: "However, actual production remains linked to OPEC's quota and Iraq's share, as it currently stands at 120,000 barrels per day."

He pointed out the importance of the station's complementary projects, particularly the connection of wet oil units designed to accommodate oil with a high reservoir water content, stressing that this step enhances production efficiency and sustainability.

The Majnoon field is one of the key fields feeding Total's gas projects. Gas will be collected from this station and pumped to the Artawi site, where the main processing plant will be installed. https://economy-news.net/content.php?id=57602

Barzani Discusses With Washington The Resumption Of The Region's Oil Exports.

July 19, 2025  Erbil - Farid Hassan  Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani discussed the general situation in Iraq and the region with the Chargé d'Affaires of the US Embassy in Iraq, Ambassador Steven Fagin, a statement received by Al-Zaman yesterday said that "the meeting that brought them together in Erbil discussed ways to strengthen bilateral relations and the general situation in Iraq and the region."

 The two sides agreed on "the need for the federal government to send salaries and financial dues to the region as soon as possible. They also stressed the importance of expediting the process of resuming the region's oil exports through the Turkish port of Ceyhan.

" The statement added that "the meeting addressed the sabotage attacks targeting oil fields and energy infrastructure in the region with drones," stressing "the importance of forming the new ministerial cabinet of the regional government before holding parliamentary elections.

" Barzani expressed his "thanks to the United States for its continued support for the region." For his part, Fagin affirmed "his country's support for the federal entity of Kurdistan and its support for a strong region."   LINK

Gold Prices Rise In Baghdad And Erbil Markets.
Saturday, July 19, 2025, 12:10 PM | Economic...Number of reads: 194   Baghdad / NINA / The prices of foreign and Iraqi gold rose in the local markets of Baghdad and Erbil, on Saturday.

The selling prices of gold, in the wholesale markets on Al-Naher Street in the capital, Baghdad, this morning, for one Mithqal of 21 karat Gulf, Turkish and European gold, were recorded at 660 thousand dinars, and the purchase price was 656 thousand dinars.

The selling price of one Mithqal of 21 karat Iraqi gold was recorded at 630 thousand dinars, and the purchase price was 626 thousand.

As for the prices of gold in goldsmiths, the selling price of one Mithqal of 21 karat Gulf gold ranges between 660 thousand and 670 thousand dinars, and the selling price of one Mithqal of Iraqi gold is between 630 thousand and 640 thousand dinars.

As for gold prices in Erbil, they also recorded an increase, as 22 karat gold was sold for 690 thousand dinars, 21 karat gold was sold for 658 thousand dinars, and 18 karat gold was sold for 564 thousand dinars. / End   https://ninanews.com/Website/News/Details?key=1241673

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 7-19-25

Good Afternoon Dinar Recaps,

U.S. Targets Brazil’s Digital Economy: Pix Under Scrutiny Amid BRICS Currency Push

Trump Administration Launches Probe Into Brazil’s Fintech Ecosystem and Trade Practices

In a bold escalation of trade tensions, the United States has launched a formal investigation into Brazil’s digital payment system, placing particular focus on Pix—the country’s central bank-run instant payment platform. The probe comes amid rising concerns in Washington over BRICS economic integration and the growing challenge to U.S. financial dominance.

Pix: A Fintech Powerhouse Redefining Brazil’s Economy

Launched in 2020 by Brazil’s Central Bank, Pix has quickly become one of the world’s most successful government-backed payment systems. The platform enables instant, 24/7 money transfers at little to no cost, bypassing traditional card networks and allowing direct mobile-based transactions.

• Over 150 million users

• Accepted by more than 60 million businesses

• Dominant across sectors, from street vendors to utilities

Pix has not only transformed domestic commerce but also disrupted foreign competitors, including Visa, Mastercard, and U.S.-based fintech firms.

Trade Investigation Details: Favoritism and Free Speech Issues at Center

U.S. Trade Representative Jamieson Greer announced the investigation Tuesday, citing concerns over:

• Preferential treatment toward Brazil’s regional trade partners

• Non-tariff barriers disadvantaging U.S. exporters

• Digital market discrimination, particularly through policies that limit U.S. tech firms

One key flashpoint: Brazil’s Supreme Court suspension of X (formerly Twitter) in 2024, after Elon Musk refused to comply with censorship demands. The U.S. probe will assess whether such policies constitute discriminatory digital trade practices.

Trump Responds: Tariffs and Warnings Over BRICS Coordination

The investigation is part of a broader geopolitical and economic conflict. On July 7, President Donald Trump publicly urged Brazil to end its prosecution of former President Jair Bolsonaro, calling it a “witch hunt.” Days later, he announced a 50% tariff on Brazilian imports, effective August 1, and warned of the impending trade probe in a letter to President Lula da Silva.

Pix in the Global Spotlight: U.S. Concerns Extend Beyond Brazil

Though Pix operates only within Brazil, its integration with blockchain fintech services is gaining international attention.

Services like Truther now allow global stablecoin transfers to be settled instantly into Brazilian bank accounts via Pix—effectively bypassing SWIFT, PayPal, and U.S. remittance giants like Western Union.

This innovation threatens to undermine U.S. financial influence in developing economies and plays into broader BRICS strategies for de-dollarization.

BRICS Pay, Reserve Currency, and U.S. Response

At the heart of U.S. concerns is Brazil’s role in BRICS, the growing economic alliance with Russia, India, China, and South Africa. In 2024, the bloc launched BRICS Pay, a cross-border settlement platform aimed at bypassing Western systems like SWIFT and facilitating local-currency transactions.

Moreover, BRICS leaders recently revived plans for a joint reserve currency, potentially replacing the U.S. dollar in cross-border trade among member nations.

These moves have drawn intense scrutiny from Washington, with Trump signaling a tougher stance on any country participating in what he views as a threat to U.S. economic sovereignty.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Targeting BRICS: US-NATO Sanctions Weaponize Energy to Pressure China and India

Sanctions Expand Beyond Russia—Geopolitical Tensions Grow Over BRICS Energy Independence and Arms Markets

A new phase of geopolitical pressure is unfolding as the U.S. and NATO intensify sanctions aimed at the BRICS alliance—specifically by targeting Russian oil exports and BRICS energy trade routes. What appears on the surface as energy policy is increasingly being interpreted as a deeper strategic effort to undermine BRICS cooperation and redirect global arms and trade flows in the West’s favor.

Energy Sanctions as Economic Weaponry

NATO Secretary General Mark Rutte recently issued an ultimatum calling on nations—especially India, Brazil, and China—to halt purchases of Russian oil. This warning comes in tandem with a Trump-backed threat to impose 100% tariffs on countries that continue to import Russian crude.

• Russia accounts for ~15% of global oil exports

• China and India are major importers of discounted Russian energy

• BRICS energy trade is seen as a linchpin of the bloc’s economic independence

Rutte’s statement notably excluded Turkey, a NATO member and the third-largest importer of Russian crude, raising questions about the selective nature of the sanctions and their true geopolitical motive.

Strategic Goals: Sanctions and Western Arms Sales

While oil sanctions dominate the headlines, defense economics is a major subtext of this policy. Western leaders appear to be using energy restrictions as a tool to:

• Disrupt BRICS trade infrastructure

• Open new arms sales markets across politically pressured regions

• Reassert Western dominance in global energy and military supply chains

Even as energy restrictions tighten, Europe continues to source 19% of its natural gas from Russia, revealing the fragile balance between ideology and economic necessity. Analysts predict that a hard blockade on Russian crude would raise oil prices by 20–30%, potentially backfiring on global markets.

Market Reaction: Muted But Calculated

Despite the aggressive tone of U.S. and NATO policymakers, stock markets have shown little concern. This suggests investors see limited long-term enforcement or question the practical viability of isolating Russian energy at scale—especially when global demand remains strong.

At $68 per barrel, oil prices remain sensitive to disruptions, and any supply reduction could cause ripple effects, not only in BRICS nations but in Western economies too.

BRICS Pushes Back, Strengthens Internal Trade Channels

Russia and China have rejected the sanctions outright, reaffirming their commitment to uninterrupted bilateral trade. India has likewise continued oil purchases, resisting external pressure. Brazil, now under scrutiny from both U.S. trade officials and NATO figures, is quietly expanding internal financial networks and exploring alternative settlement systems.

This BRICS resistance signals a long-term effort to build energy resilience and decouple from Western financial levers, including the SWIFT system and U.S. dollar settlements.

A Geopolitical Playbook Beyond Energy

While oil dominates the narrative, Trump’s broader strategy seems to focus on:

• Testing BRICS unity

• Disrupting key China–India trade routes

• Expanding Western military-industrial influence

These moves reflect a multi-domain approach—leveraging sanctions not just to enforce political compliance, but to reshape global economic alignments in favor of the U.S. and NATO.

Analysts warn that continued use of sanctions as a geopolitical lever may accelerate the BRICS bloc’s shift toward alternative institutions, deepening their commitment to independent trade, digital currency systems, and non-Western governance models.

@ Newshounds News™
Source: Watcher.Guru   

~~~~~~~~~

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“Tidbits From TNT” Saturday 7-19-2025

TNT:

Tishwash:  Parliamentary Finance Committee: OPEC informed SOMO that 280,000 barrels smuggled from the region are counted against Iraq's share. 

The head of the Parliamentary Finance Committee, MP Atwan al-Atwani, confirmed on Friday that OPEC informed the State Oil Marketing Organization (SOMO) that approximately 280,000 barrels of oil smuggled daily from the Kurdistan Region are counted as part of Iraq's quota. 

Al-Atwani said in a televised interview followed by ( IQ ): "The region is smuggling oil and exporting about 280,000 barrels per day in an undeclared manner. A message arrived from OPEC to SOMO stating: 'We are receiving oil from your side. It is true that it is not in your name, but it is your oil.' It is estimated at about 280,000 barrels per day." 

The MP pointed out that "our share has been reduced. We are now exporting about 3.2 million barrels per day, but this smuggled oil from the region is counted within the amount allocated to Iraq, and therefore is considered part of the revenue reduction  link

Tishwash:  Iraqi Cabinet Approves Measures on Kurdish Oil Delivery

The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG).

In a major development, the Cabinet approved the immediate transfer of all oil produced in the Kurdistan Region to Iraq's State Oil Marketing Organization (SOMO) for export. The federal government will provide the KRG with an advance of $16 per barrel (in-kind or in cash), based on a minimum delivery of 230,000 barrels per day (bpd), with any additional production to be included under the same mechanism.

Current production stands at 280,000 bpd, of which 50,000 bpd is reserved for local consumption within the Region. The remaining 230,000 bpd, along with any future increases, will be delivered to SOMO. Should exports stop for any reason, the KRG must deliver the full quantity to the Federal Ministry of Oil instead.

The KRG will also be responsible for the production and transport costs of the 50,000 bpd used locally, while revenues from sales of refined products will be transferred to the federal treasury after deducting those costs.

Additional financial decisions included:

The KRG must deliver 120 billion Iraqi dinars as a preliminary estimate of May's non-oil revenue share.

A joint auditing team will verify and classify non-oil revenues from May 2025 onward.

A new joint committee will oversee the localisation of salaries in the Region within three months, as required by a federal court ruling.

A separate team will assess any excess in actual spending relative to the KRG's budget share for 2023-2025.

May salaries for KRG employees will be disbursed after SOMO confirms receipt of the 230,000 bpd via the Ceyhan terminal.

All timelines specified in this resolution are effective from the date of the Cabinet's approval.  link

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

Tishwash:  Al-Lami: The federal government's decision regarding the region's oil is a victory for the constitution and a step toward justice and transparency.

MP Ali Saadoun Al-Lami praised the recent Cabinet decision regarding Kurdistan Region salaries, stressing that the decision represents a "historic step toward establishing the principle of fairness in the distribution of national wealth."

Al-Lami explained in an interview with “Jarida Platform” that “the decision stipulates that the region hand over its entire oil production to the federal state oil company (SOMO), specifying precise quantities for receipt and export, and canceling any illegal exceptions previously granted, in addition to obligating the region to pay its share of non-oil revenues.”

He pointed out that "the decision also includes the formation of federal committees specialized in monitoring, auditing, and localizing spending and salaries, and linking the disbursement of salaries to the regional government's full commitment to delivering oil."

Al-Lami added, "We in the House of Representatives consider this step a victory for the constitution, and we affirm our full support for the government in implementing the decision in all its details without any compromise, in order to preserve the rights of the people of the south and center, who have long suffered from the lack of justice in the distribution of wealth."

He concluded his statement by stressing that Parliament will have an effective oversight role to accurately monitor the implementation stages, ensuring the rights of all Iraqis without exception are protected.  link

Mot: ..... This is True!!! -- a ole ""Mot"" Marital Test Thingy!!!! 

Mot:  ... I Needs a HUG!!!! 

MilitiaMan and Crew: Iraq Dinar News-Dinar, Oil Salaries & Financial Legislation-

MilitiaMan and Crew:  Iraq Dinar News-Dinar, Oil Salaries & Financial Legislation-

7-18-2025

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

In this insightful video, we delve into the current economic landscape of Iraq, focusing on the crucial topics surrounding the Iraqi Dinar and the latest developments in Erbil and Baghdad.

We explore the recent cabinet decisions regarding oil salaries and how these decisions are impacting cash liquidity within the Central Bank of Iraq.

 Join us as we discuss the significance of the Baghdad-Erbil relationship in paving the way for new oil legislation aimed at stabilizing the economy.

We’ll also touch on the implications for non-oil imports and how they play a role in Iraq’s financial stability. Additionally, we will cover the anticipated visit of the Finance Minister to Erbil this Sunday and what it means for future financial strategies between the Kurdistan Region and the federal government.

 Whether you're an investor, an economist, or simply curious about Iraq's economic future, this video will provide you with a comprehensive overview of the current situation and what lies ahead.

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

Iraq Economic News and Points To Ponder Saturday Morning 7-19-25

Exchange Rate Arrangement 
 
Iraq’s de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement.   The Central Bank Law gives the Board of the Central Bank of Iraq (CBI) the authority to formulate exchange rate policy. 

Effective February 8, 2023, the official exchange rate was set at ID 1,320 according to the closing prices of the daily bulletin of gold & main currencies published on the CBI website (www.cbi.iq).

There has been a change to Iraq’s exchange system since the last Article IV Consultation. 

Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 
but no longer maintains any restrictions under this provision. 

Iraq does not maintain any current account exchange restrictions or MCPs. 

Starting January 2025, all international transactions have been routed through commercial banks via their correspondent banking relationships (CBRs). 

The Central Bank of Iraq (CBI) replenishes these balances weekly based on foreign exchange demand and conducts audits to ensure that the allocated funds are used in compliance with AML/CFT regulations. 

Private banks are also encouraged to broaden their CBR networks, particularly with non-U.S. financial institutions.
 
FUND RELATIONS   (As of April 7, 2025)  page 2 

https://www.imf.org/-/media/Files/Publications/CR/2025/English/1irqea2025001-source-pdf.ashx

Advisor To The Prime Minister: Economic And Disciplinary Factors Behind The Stability Of The Exchange Rate And The Decline Of Dollarization
 
Time: 2025/07/17 13:55:21 Reads: 750 Times  {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih,  confirmed that the
     decline in the "dollarization" phenomenon and the
     stability of the Iraqi dinar exchange rate
are due to a combination of decisive economic and disciplinary factors.
 
Saleh explained in a statement to Al Furat News Agency that "the disciplinary factors included 
 tightening controls on the use of the dollar in domestic transactions and  completely prohibiting its use in local settlements and payments, in accordance with the law.

He pointed out that these measures included bank deposit mechanisms for real estate transactions,
which had previously been the focus of demand for cash dollars,  and which the dinar had replaced with remarkable success.

He noted that this success is credited to the Central Bank of Iraq and its monetary policy, despite the criticism it has faced. Saleh added that the exchange rates in the parallel market would have been in line with the official markets had it not been for the recent geopolitical tensions in the Middle East, which caused a difference of 142 dinars per dollar."

The financial advisor explained that
 
Financing Foreign Trade and Monetary Enhancing Mechanisms
 
"one of the most important success factors that led to the decline in the strength of the parallel market was the direct financing of foreign trade for small traders from official dollar outlets at a rate of 1,320 dinars per dollar,   without the need for intermediaries.

 He pointed out that imports by small traders constitute more than 50% of the total foreign market trade in Iraq."
 
Saleh did not neglect to point out that the mechanisms for strengthening Iraqi banks' foreign currency reserves with correspondent banks have become easier as an alternative to the Central Bank's window and previous platforms,
 
which were abolished at the beginning of the year. He emphasized that these mechanisms have proven successful in dominating the official exchange market as a whole in foreign transfer transactions at the fixed exchange rate of 1,320 dinars per dollar.
 
Trade Policy and the Use of Electronic Payments
 
Saleh also emphasized  the role of trade policy, which intervened for the first time by opening giant shopping centers and expanding in this direction (hypermarkets),
 
describing it as a "price defense policy in favor of the official exchange rate," and weakening market demand for financing some of its trade from the parallel market, which has become "highly expensive."
 
Finally, the financial advisor noted the growing trend among the public toward the widespread use of electronic payment cards funded at the official exchange rate (1,320 dinars), which has become "one of the modern travel customs and traditions in Iraq."  

He added that travelers now receive a share of cash dollars when traveling, according to very transparent and strict controls.    
  
https://alforatnews.iq/news/مستشار-رئيس-الوزراء-عوامل-اقتصادية-وانضباطية-وراء-استقرار-سعر-الصرف-وتراجع-الدولرة  

Has The Central Bank Destroyed The Private Banking Sector In Iraq Forever?
 
A dysfunctional banking sector in an oil country  July 17, 2025 Last updated: July 17, 2025
 
Al-Mustaqilla / Investigative Report / - Although Iraq possesses vast oil wealth, its banking sector remains primitive, lacking depth and reliability.  This is clearly demonstrated by the weakness of financial inclusion,  with only 19% of citizens owning a bank account,  one of the lowest rates in the region.

This weakness reflects a profound structural flaw in the relationship between citizens and banks and 
raises fundamental questions about the effectiveness of  monetary policies and  banking supervision
in Iraq.
 
Controversial Monetary Policies
 
In recent years, the Central Bank of Iraq has pursued erratic monetary policies, most notably uncontrolled monetary expansion.
 
The money supply increased     from 46 trillion dinars     to more than 100 trillion dinars     in just two years,     without corresponding real economic growth.
 
This led to inflation exceeding 7.5%,prompting the Central Bank to raise interest rates to 7.5% before later reducing them to 5.5%, a move that had no tangible impact on the market.
 
Furthermore, a large gap remained between the interest rate on loans,     which exceeds 10%, and 
the interest rate on deposits,  which barely reaches 7%, deepening citizens' reluctance to deposit and weakening banks' ability to provide financing.
 
Out-Of-System Criticism And Loss Of Trust
 
The problem lies not only in policies, but also in the grim reality that the vast majority of cash in circulation is outside the banking system.
 
This massive leakage   weakens banks' ability to perform their role as financial intermediaries and reflects  a genuine crisis of confidence between citizens and banks.
 
Following banking bankruptcy scandals, the     dominance of partisan figures in some private banks,
     declining services, and the  absence of any effective deposit insurance system, citizens have come to view banks as a threat rather than a refuge.
 
Consumer Loans Without Real Development
 
One of the most notable failures is that most of the loans granted by banks in recent years have been  
     directed toward consumption,  not production.
 
Car financing, personal loans, and installments for recreational purposes have gone unmet,
with no real focus on supporting productive projects or small businesses.
 
This has led to increased speculation in the  real estate market and  rising land prices,
without any real production or job creation.  Instead, it has led to population growth and urbanization without a corresponding economic structure.

Government Monopoly And Administrative Laxity
 
The Iraqi banking sector revolves around Rafidain and Rashid Banks, which control most of the sector's assets.
 
However,
     their performance is weak,
     their administrative structures are clearly lax, and
     their branches are not electronically connected and lack a modern technical infrastructure.
 
Meanwhile, the Central Bank has failed to
     develop a strict regulatory framework or
     impose governance on bank boards of directors,
 
allowing small financial institutions to operate outside regulatory control for many years.
 
Currency Window As An Entry Point For Money Laundering
 
One of the most dangerous tools that contributed to undermining the banking system is the foreign exchange window.
 
The central bank sells dollars at the official rate to private banks,
     then resells them on the parallel market at a significant profit margin.
 
This mechanism provided an ideal environment for money laundering and smuggling abroad,
     exploiting
          weak banking oversight and
          duplicate names and documents in transfer requests.
 
Many banks exploited these differences to make illicit profits, and
     some had their licenses later revoked following international intervention.

International Sanctions Indicate A Defect
 
Beginning in 2022, the United States began imposing a ban on a number of Iraqi banks from dealing in dollars due to suspicions of suspicious transfers and money laundering.
 
The list was later expanded to include new banks,
     disrupting a significant portion of foreign trade and remittance operations and
     negatively impacting the Central Bank of Iraq's credibility with international institutions and correspondent banks.
 
Banking Licenses Without Clear Controls
 
In recent years, the Central Bank of Iraq has granted unprecedented numbers of new banking licenses,
     bringing the number of private banks to over 70,
     without any economic justification or genuine assessment of market needs.
 
This quantitative expansion has come
     at the expense of quality and oversight,
     contributing to the fragmentation of the banking market and the
     creation of fragile entities, both financially and administratively weak,
often exploited as fronts for partisan agendas or foreign interests.
 
Negligence Of Banking Sovereignty
 
Although the Private Banking Law clearly sets a maximum foreign ownership limit in Iraqi banks,
     not exceeding 25%,  the Central Bank has unjustifiably overlooked this restriction.
 
Foreign financial institutions have been allowed to own significant stakes in a number of banks,
     either directly or through local front companies.
 
This has
     led to an imbalance in the ownership structure and
     created external financial dependency that
     threatens Iraq's economic decision-making and
     undermines the independence of the national banking system.
 
Bleeding Profits Abroad Without Investment
 
In a dangerous precedent, the Central Bank allowed bank managements—most of which are owned by foreign institutions—to transfer more than 75% of their annual profits abroad in the form of dividends, without requiring them to reinvest a portion of these profits within the Iraqi market.
 
This behavior
     violates the most basic rules of development banking and
     should have been countered by clear measures
          compelling these banks to
          develop their services,
          strengthen their capital, or
          contribute to national investment projects, 
rather than becoming mere channels for transferring hard currency abroad.
 

Urgent International Advice For Reform
 
Several international institutions, including the  US Treasury, the     International Monetary Fund, and the     World Bank,  have made clear recommendations.
 
Prominent among them are:
     stricter compliance with anti-money laundering and counter-terrorism financing laws,
     enhanced transparency in dollar transactions,
     strengthened internal and external oversight of banks,
     reviewed asset quality, and      modernized the sector's digital infrastructure.
 
These institutions also called for raising minimum bank capital and merging or liquidating distressed banks  to create a more robust system.
 
Direct Responsibility Of The Central Bank
 
The Central Bank is not only a neutral supervisory body; it is also a genuine partner in the crisis.
 
It has
     allowed the currency window to continue despite its risks,
     failed to require banks to adhere to international governance standards,
     been lax in enforcing controls on foreign ownership, and
     failed to establish an effective legislative framework to protect depositors or regulate the banking structure.
 
Its responsibility is not merely technical, but also ethical and institutional in the face of an economy being drained.
 
The Opportunity For Reform Still Exists.
 
Despite the bleak outlook, there is still a chance to save the Iraqi banking system.
 
This requires
     political and professional will, beginning with legislative reform,
     imposing strict oversight,
     enhancing  transparency, and
     cooperating with international institutions to restore confidence.
 
There can be no real development without a strong banking sector,
     and no successful banking sector without an   independent and effective central bank that understands that it   is not just a guardian of liquidity,  but also a stabilizing force.      
https://mustaqila.com/القطاع-المصرفي/  

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 7-19-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins Backs Tokenized Future, Signals Break from Gensler-Era Crypto Crackdown

SEC Shifts Toward Innovation: Tokenization, Stablecoins, and Digital Asset Reform

The U.S. Securities and Exchange Commission (SEC), under Chair Paul Atkins, is embracing a major strategic pivot—moving from regulatory enforcement to innovation—as digital assets and tokenized finance redefine global markets.

Atkins’ vision includes a proposed “innovation exemption” designed to promote tokenized securities, ease trading restrictions, and accelerate blockchain adoption. This shift comes as Congress passes the GENIUS Act, creating a federal framework for stablecoins and confirming crypto’s place in the U.S. financial future.

Tokenization Gains Momentum as SEC Launches Innovation Exemption

Atkins is leading the SEC to encourage tokenization by reducing regulatory burdens. The innovation exemption would:

• Enable early-stage digital platforms to operate with limited regulatory relief

• Encourage on-chain asset movement while maintaining investor protections

• Support a future where, as Atkins puts it, “if something can be tokenized, it will be.”

This marks a clear departure from the Gensler-era enforcement-first approach, aiming instead to create a flexible regulatory path for blockchain-native financial infrastructure.

Stablecoins Enter the Regulatory Mainstream Under the GENIUS Act

The newly passed GENIUS Act—“Guiding and Establishing National Innovation for US Stablecoins”—is set to transform stablecoin regulation by:

• Requiring issuers to back tokens with short-term U.S. Treasuries or similarly liquid assets

• Clarifying that stablecoins fall under banking authorities, not securities law

• Setting a timeline for implementation within 18 months of President Trump’s expected signature

Analysts project that with legal certainty, the stablecoin market could grow to $3.7 trillion by 2030. The SEC has expressed support, even while remaining focused on ensuring risk mitigation and consumer safeguards.

Post-Gensler SEC Strategy: Regulation Without Roadblocks

Atkins is also poised to revise or reverse several crypto-hostile rules from his predecessor, Gary Gensler. His new strategy includes:

• Reevaluating digital asset custody rules for brokers

• Reclassifying crypto products to better fit emerging structures

• Fostering innovation without sacrificing accountability

This approach aligns with congressional momentum and global market demands. By embracing tokenization, decentralization, and digital frameworks, the SEC hopes to reclaim leadership in financial innovation.

America’s Digital Finance Outlook: A Global Leadership Bid

With legislation, agency reform, and private sector demand all converging, Atkins’ SEC is positioning the U.S. as a global hub for tokenized and decentralized finance. The strategy prioritizes:

• Transparency and market integrity

• Adaptable regulations for blockchain-native assets

• A collaborative approach to balance innovation with investor protection

As the U.S. builds its next-gen financial infrastructure, this could be the beginning of a new era—one where tokenized assets, digital currencies, and smart contracts underpin the financial system.

@ Newshounds News™
Source: CoinCentral

~~~~~~~~~

Ripple CEO Hails GENIUS Act as Historic Fintech Milestone—XRP Positioned for Breakout

GENIUS Act Ushers in New Era for Stablecoins, Institutional Crypto, and Ripple’s Regulatory Standing

Ripple CEO Brad Garlinghouse is calling the GENIUS Act a “truly historic moment” for U.S. fintech and the digital asset industry. With its recent passage in the U.S. Senate, the legislation sets the first comprehensive federal framework for stablecoin regulation—and it may be the clearest signal yet that XRP and Ripple are entering a new phase of legitimacy and growth.

What the GENIUS Act Does

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act—championed by bipartisan lawmakers including Senators Gillibrand, Lummis, Scott, and Hagerty—lays out key regulatory provisions for all U.S. dollar-backed stablecoin issuers:

• 1:1 Reserve Backing using U.S. dollars or short-term Treasuries

• Monthly Transparency Reports and Annual Audits

• Stablecoin issuance restricted to regulated financial institutions only

According to Garlinghouse, “For years, crypto companies have asked for clear rules. This is a major step.”

Ripple’s RLUSD Stablecoin Already Fully Compliant

Ripple’s stablecoin, RLUSD, which launched in 2024 and now holds a $470 million market cap, already satisfies all GENIUS Act criteria. Ripple has:

• Over 50 state-level money licenses

• Ongoing partnerships with major financial institutions like BNY Mellon

• Applied for a national bank charter and a Federal Reserve master account, allowing it to hold reserves directly with the Fed

Ripple’s aggressive positioning highlights a strategy to become a central player in compliant stablecoin issuance and cross-border payments.

XRP Set to Benefit as Institutions Re-Evaluate Settlement Options

With over 300 partnerships worldwide, including Mastercard and Standard Chartered, Ripple’s infrastructure is increasingly viewed as institutional-grade. Analysts believe that the XRP Ledger (XRPL) and XRP token will become preferred tools for:

• Cross-border settlements

• Transaction fees within RippleNet

• Acting as liquidity rails for tokenized asset flows

The GENIUS Act removes previous ambiguity about XRP’s role, likely attracting institutional adoption as clarity takes hold.

XRP Market Surge and Outlook: $4–$7 Target in 2025

The market is already responding. As of today, XRP is trading at $3.56, reflecting a 13.43% increase in the past 24 hours and 39.01% over the past week.

Analysts say that if the GENIUS Act passes the House and is signed into law, XRP could see a significant boost in both investor confidence and use-case demand. Many now predict a price range of $4 to $7 by year’s end, especially with the potential approval of XRP-based ETFs.

Ripple’s Regulatory Ascent: From Lawsuits to Leadership

Once embattled by regulatory uncertainty, Ripple now finds itself at the center of a regulated, institutional-grade digital economy. The GENIUS Act could mark the turning point—not just for stablecoins, but for Ripple’s broader mission of modernizing global finance.

@ Newshounds News™
Source: Crypto News Flash

~~~~~~~~~

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Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

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Thank you Dinar Recaps

Seeds of Wisdom RV and Economic Updates Friday Afternoon 7-18-25

UK Government Expands DIGIT Bond Plans, Signals Shift Toward Decentralized Market Infrastructure

In a bold step toward modernizing financial infrastructure, HM Treasury has unveiled a comprehensive digital strategy for wholesale markets, including major new details on the UK’s upcoming DIGIT digital bond and a marked openness to decentralization in traditionally centralized systems.

DIGIT Bond Issuance Gains Clarity

Initially introduced in March, the DIGIT bond is a planned digital government bond issued via distributed ledger technology (DLT) within the UK’s Digital Securities Sandbox. At the time, key structural details were scarce.

Now, HM Treasury has confirmed the following upgrades:

• On-chain settlement capabilities

• Support for over-the-counter (OTC) trades via smart contracts

• Interoperability with traditional financial systems

“The DIGIT bond will remain distinct from the UK’s main debt issuance program and will focus on short-dated securities,” the Treasury clarified.

Notably, the UK joins other financial hubs in building DLT-compatible infrastructure:

• SIX Digital Exchange (Switzerland) was first to integrate DLT with conventional systems in 2022

• HSBC’s Orion platform is embedded in Hong Kong’s Central Moneymarkets Unit (CMU)

• Euroclear has linked its D-FMI platform with its main central securities depository (CSD)

Treasury also aims to explore secondary market integration and collateral mobility, collaborating with industry leaders.

Broader Commitments to Digital Market Reform

While DIGIT is the first pilot, HM Treasury made clear this is part of a much wider transformation agenda.

The UK aims to move “beyond testing tokenized asset solutions” and into real-world deployment and scale.

The strategy emphasizes:

• Regulatory frameworks to support DLT adoption

• Cross-sector implementation of DLT infrastructure

• Scalable applications of tokenized financial instruments

A key policy shift involves stablecoin inclusion in the Digital Securities Sandbox. While stablecoins are not yet formally approved for settlement, the Treasury signaled openness to their eventual integration, potentially alongside tokenized deposits.

A Decentralized Vision for the Future

Perhaps the most groundbreaking policy stance was found in one paragraph of the Treasury’s strategy paper:

“The UK should be open to completely new models across the various wholesale market activities, including payments, trading, clearing, settlement, and reporting. It should be open to different technological solutions, including solutions that decentralise functions currently performed by centralised entities.”

This statement marks a paradigm shift from traditional market architecture, indicating a potential replacement of centralised functions—such as clearing houses or settlement networks—with DLT-based alternatives.

Digital Markets Champion to Lead Industry Coordination

To drive the initiative forward, HM Treasury will appoint a Digital Markets Champion, tasked with:

• Coordinating private sector innovation

• Overseeing integration of DLT, automation, and AI

• Ensuring regulatory alignment across sectors

The role reflects the UK government’s goal of becoming a global leader in digital finance infrastructure, with a focus on practical, scalable solutions beyond experimentation.

Conclusion

With the expanded DIGIT bond strategy and its broader market commitments, the UK is positioning itself as a trailblazer in regulated digital finance. The move to embrace decentralized models and real-world DLT deployment may reshape wholesale financial markets and set the tone for global adoption.

@ Newshounds News™
Source: Ledger Insights   

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The Mighty BRICS Folds Under Pressure

The once defiant BRICS alliance—known for its bold push toward de-dollarization—appears to be retreating under renewed pressure from President Donald Trump. The coalition, which had previously challenged U.S. financial dominance by promoting local currency settlements and proposing a new BRICS currency, is now showing signs of internal division and strategic hesitation.

From De-Dollarization to Defensive Diplomacy

Under President Joe Biden, BRICS grew emboldened, with leaders openly advocating for:

• Trade settlements in local currencies

• A move away from U.S. dollar dominance

• Development of a joint BRICS currency

These actions were seen as the foundation of a new global financial order, especially in the developing world. But with Donald Trump’s return to global influence, the tone has shifted dramatically.

A renewed Trump administration threat—blanket tariffs on BRICS exports and up to 200% on pharmaceuticals—appears to have fractured the alliance's momentum.

Tariff Threats Trigger Internal Rift

President Trump’s aggressive tariff agenda has effectively splintered BRICS into two camps:

• Russia, China, and Iran appear ready to confront U.S. economic retaliation

• India, South Africa, and the UAE have shown signs of re-engagement with Washington

The unity once displayed at BRICS summits has eroded as countries weigh economic survival against ideological alignment.

“All it took was a threat from Trump… and the mighty BRICS folded under pressure.”

The BRICS Currency: A Stalled Project

At the 2024 BRICS summit in Kazan, Russian President Vladimir Putin displayed a mock-up BRICS currency bill—a symbolic gesture intended to showcase progress on an alternative global reserve.

However, by the 2025 summit, the idea of a common currency was conspicuously absent. No mention of de-dollarization. No updates on currency integration.

Despite earlier momentum, the proposed BRICS currency now appears to be a distant dream.

Strategic Backtracking or Tactical Pause?

• BRICS members have entered direct talks with the White House, reportedly requesting tariff reductions

• The alliance has avoided provoking further U.S. backlash, mindful of how critical exports—particularly pharmaceuticals, energy, and industrial metals—remain to their economies

Emerging economies like India and South Africa now face a diplomatic balancing act, trying to preserve gains in GDP growth while avoiding economic confrontation with Washington.

A Failed Litmus Test?

What was once billed as a geopolitical counterweight to U.S.-led financial hegemony is now navigating a fragile truce.

The BRICS bloc, once hailed as a rising global force, has “failed to survive the litmus test initiated by Trump.”

With the 2026 summit on the horizon and a U.S. election year already stirring market volatility, the BRICS alliance may need to rethink its strategy—or risk further disintegration in the face of U.S. trade pressure.

@ Newshounds News™
Source: Watcher.Guru   

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