MilitiaMan and Crew: Iraq Dinar News-The Future of the Iraqi Dinar-Where we today?

MilitiaMan and Crew:  Iraq Dinar News-The Future of the Iraqi Dinar-Where we today?

7-21-2025

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

Welcome to our latest video where we dive deep into the current state of the Iraqi Dinar and the Iraqi government's commitment to fulfilling its financial obligations amidst a rapidly changing economic landscape.

In this video, we explore: Iraq's Financial Stability:

What does the Iraqi government’s commitment mean for the future of the dinar?

We discuss the steps being taken to ensure economic stability and growth.

Erbil-Baghdad Salary Talks: Join us as we analyze the ongoing discussions between Erbil and Baghdad regarding salary payments. What are the implications for public sector employees and the overall economy?

Turkey's Termination of Oil Pipeline Agreement: We examine the recent decision by Turkey to terminate the oil pipeline agreement with Iraq. What does this mean for oil exports and revenue generation for the Iraqi government?

Pavel Talabani's Role: Learn about the influential role of Pavel Talabani in shaping Iraq's financial policies and how his leadership is impacting the current economic climate.

Parliamentary Finance Committee Insights: We provide insights from the Parliamentary Finance Committee regarding fiscal policies and their implications for the Iraqi Dinar's value

 US Ending Cash Dollar Transfers to Iraq: Finally, we discuss the significant move by the United States to end cash dollar transfers to Iraq. What are the potential effects on Iraq's economy and the dinar's exchange rate?

 Join us for an in-depth analysis of these critical topics and stay informed about the future of Iraq’s economy! Don’t forget to like, subscribe, and hit the notification bell for more updates on global finance and economic trends!

https://www.youtube.com/watch?v=IwBoGv5AjXM

This Signal Crashed Stocks Before, it Just Triggered again

This Signal Crashed Stocks Before, it Just Triggered again

Steven Van Metre:  7-20-2025

The video provides an in-depth analysis of the current state of the US equity markets, highlighting major warning signs of a potential correction or bubble burst.

 Drawing heavily on recent insights from Bank of America (BofA) strategist Michael Hartner, the discussion centers on three triggered sell signals in US equities: the fund manager cash rule, the global breadth roll, and the global flow trading rule.

These signals reflect the market’s extreme positioning, low breadth, and diminishing inflows, all of which historically precede significant downturns.

The video also explains the market’s current valuation levels relative to past bubbles, inflation concerns, bond yield movements, and the risks associated with concentrated holdings in mega-cap stocks.

Despite positive momentum and machine positioning signals suggesting short-term strength, divergences in market breadth and technical indicators warn of looming negative price action.

The analysis extends to specific sectors, notably energy and gold miners, which present bearish technical setups despite positive headlines. Conversely, emerging markets show promising trade setups with tight risk control recommended.

The dollar is positioned for a potential rally, with the presenter advocating a contrarian short-Euro trade to capitalize on this. Overall, while momentum remains positive, the video stresses the importance of risk management, caution in overexposed sectors, and preparation for a possible major correction or bear market phase.

This comprehensive market analysis outlines a fragile equity environment marked by historically rare sell signals, deteriorating breadth, and stretched valuations.

 While short-term momentum remains positive, underlying technical and flow-based indicators warn of a pending correction or significant bear market.

 Sector-specific assessments reveal mixed signals, with energy and gold miners showing vulnerability, and emerging markets offering controlled opportunities.

The US dollar and Euro currency positions present compelling contrarian trades tied to shifts in global capital flows. Given these complexities, disciplined risk management, use of advanced trading models, and a cautious approach to exposure are essential for navigating the current market landscape.

https://youtu.be/2PMBXjRLl2A

Iraq Economic News and Points To Ponder Monday Afternoon 7-21-25

Al-Sudani Receives The Commander Of The US Central Command

Buratha News Agency14020  25-07-21   Prime Minister and Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, received today, Monday, July 21, 2025, Commander of the US Central Command, General Michael Kurilla, and the accompanying delegation, in the presence of the Chargé d'Affaires at the US Embassy, Steve Fagin.

A statement from the Prime Minister's Office stated that Al-Sudani "at the beginning of the meeting welcomed the delegation, which included the new commander of the international coalition forces to fight terrorism in Iraq and Syria, Brigadier General Kevin Lambert, and the former commander of the coalition, General Kevin Leahy."

During the meeting, according to the statement, "the cooperation relations between Iraq and the international coalition, the stages of its development, and preparations for the transition to bilateral security relations with coalition countries were reviewed. The meeting also discussed the work of the joint high committee between Iraq and the United States, security cooperation and coordination, and developments in Syria and their repercussions for regional security."

The Prime Minister stressed "the importance of imposing stability, avoiding the causes of conflict expansion, respecting the sovereignty of states, based on UN charters, international resolutions, dialogues, and understandings, and activating diplomatic activities and cooperation to consolidate security and stability in the region."   https://burathanews.com/arabic/news/463090

The Minister Of Planning Arrives In New York To Participate In The United Nations High-Level Forum On Sustainable Development.

Monday, July 21, 2025 | Economic Number of reads: 167  Baghdad / NINA / Deputy Prime Minister and Minister of Planning, Mohammed Ali Tamim, arrived in New York on Monday, heading a high-level official delegation, to represent Iraq at the High-level Political Forum on Sustainable Development, which is being held at the United Nations headquarters, from July 21-24, with the participation of leaders and representatives of member states.

In addition to the Iraqi delegation, the Minister heads, according to a statement by the Ministry, the delegations of the Group of 77 and China and the Arab Group in this important international forum, which discusses the paths to implementing the goals of the 2030 Agenda for Sustainable Development, and the challenges facing developing countries in achieving these goals, especially in light of the multiple global crises.

It is hoped that the Minister will hold a number of bilateral and official meetings during his participation in the forum, with his counterparts and representatives of countries and international organizations, to discuss ways of cooperation, transfer of experiences and expertise, and strengthening Iraq's position on the regional and global development map.

The forum will also witness the presentation of the third voluntary report on sustainable development in Iraq, which will address the steps taken towards achieving the development goals. / https://ninanews.com/Website/News/Details?key=1242017

What Solutions Are Available To Iraq After Türkiye Canceled The 1973 Oil Agreement? An Expert Reveals.

Time: 2025/07/21 16:56:29 Reading: 465 times  {Politics: Al Furat News} Legal expert Ali Al Tamimi revealed that Turkey's cancellation of the 1973 agreement allowing Iraqi oil exports through its territory poses a legal and strategic challenge to Iraq, while noting that the agreement itself includes clear mechanisms for resolving disputes between the two parties.

Al-Tamimi said in a statement to {Euphrates News} that: “The agreement of August 27, 1973, is an important economic and political cooperation charter between Iraq and Turkey, as it provided a safe route for transporting Iraqi oil to global markets through pipelines that were exposed to numerous terrorist attacks in recent years.”

He added, “The agreement was amended in several years, including 1976, 1980, 1981, 1985, 1996 and 2007, and was legally ratified by Iraq under Law No. 4 of 2011, while the agreement was unilaterally cancelled by the Turkish side.”

Regarding legal solutions, Al-Tamimi explained that "Article 10 of the agreement stipulates that any dispute between the two parties shall be resolved through amicable settlement within a period of four months. If negotiations do not lead to a solution, the dispute shall be referred to international arbitration at the Paris Club in France."

He added, "The arbitration panel consists of three arbitrators: one appointed by Iraq and the other by Turkey. If the third arbitrator cannot be appointed, the President of the International Chamber of Arbitration in Paris will be responsible for appointing him." He noted that "arbitration is based on French law and the French language, and issues a binding and final decision for both parties without the possibility of appeal."

Al-Tamimi concluded by saying, "Arbitration costs and fees are determined by the arbitration committee in accordance with the tariff issued by the arbitration chamber and in accordance with international arbitration laws. This provides a clear legal framework for Iraq to address the challenges resulting from the Turkish side's cancellation of the agreement."   LINK

Parliament's Finance Committee Discusses The Establishment Of The "Primary Rafidain Bank"

Banks -  The Finance Committee of the House of Representatives announced, on Monday, the main topics of its hosting of the Director General of Rafidain Bank.

In a speech during the hosting of the Director General of Rafidain Bank, the Committee Chairman, Atwan Al-Atwani, said, "The Finance Committee hosted the Director General of Rafidain Bank, Ali Karim Hussein, to shed light on the bank's activities and discuss some questions regarding the establishment of (the first Rafidain Bank), which is perhaps a borrowing from the current Rafidain Bank, as observations were recorded on the contracts and initial proposals for proceeding with this project."

He added, "Banks receive great attention due to their close relationship with the economic and financial system and their role in achieving development. They also receive special attention from the Finance Committee, given that the integration project between the government and the legislative authority, especially with regard to financial consolidation, financial documents, and sustainable development, represents a key focus."

He explained, "The soundness of banks and the creation of a suitable environment for attracting capital enhance confidence, especially when banks have a high level of transparency, dealing, and digital transformation, which is highly relied upon as an important link in simplifying procedures."

He pointed out that "sustainable development is achieved through the role of banks in investing funds and deposits, managing withdrawals, implementing projects, and providing loans, whether at the level of advances to employees or at the level of loans related to housing and various economic projects." https://economy-news.net/content.php?id=57698

Oil Price Stability

Time: 2025/07/21 08:20:35 Reading: 375 times  {Economic: Al Furat News} Oil prices were little changed on Monday as traders anticipated the impact of new European sanctions on Russian oil supplies, rising output from Middle Eastern producers, and concerns about the fuel outlook amid the impact of tariffs on global economic growth.

By 03:44 GMT, Brent crude futures rose six cents to $69.34 a barrel, after settling down 0.35% on Friday. U.S. West Texas Intermediate crude rose 17 cents to $67.51 a barrel, after falling 0.30% in the previous session.

The European Union on Friday approved its 18th package of sanctions against Russia over the conflict in Ukraine, which also targets India's Nayara Energy, an exporter of refined petroleum products from Russian crude.  LINK

A Plan To Connect The East And West Of The World Via Baghdad

Local   The Ministry of Planning clarified, on Monday, that the Belt and Road Initiative launched by China is consistent and complementary to the development road project that Iraq has begun implementing, while pointing to a plan to link the Iran-Iraq railway to the Gulf, Eastern countries and Europe.

Ministry spokesman Abdul Zahra Al-Hindawi told the official agency, followed by Al-Eqtisad News:

“The Belt and Road Initiative launched by China in 2013 is based on a network of roads and railways that connect the East to the West via main corridors and axes. Iraq is perhaps one of the main axes, taking into account that there is a railway linking China to Uzbekistan, then Pakistan and then Iran within this initiative.”

He added, "There is an idea to link the Iran-Iraq, Turkey, and Syria railway line with the Gulf, Eastern countries, and Europe," noting that "this idea is consistent with and complements the development road project that Iraq has begun implementing."

He explained that, "Under this vision, Iraq is considered an important global transportation hub, both on railways and by road, in addition to the services provided by the railway network, as well as those related to transporting passengers in record times, transporting goods and merchandise, and commercial shipping. This is important for Asian countries, the Levant, and trade with the West, as it saves a lot of time and costs, given that the roads are shortened by passing through Iraqi territory."
https://economy-news.net/content.php?id=57708

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 7-21-25

Good Afternoon Dinar Recaps,

China’s U.S. Treasury Holdings Fall to Lowest Level Since 2009

Third straight month of reductions fuels concern over shifting global debt dynamics and rising de-dollarization pressures

China has continued to reduce its holdings of U.S. Treasury securities, with May’s data showing a new low of $756.3 billion—the lowest level since March 2009, according to the latest release from the U.S. Treasury Department.

This marks the third consecutive monthly decline and is seen by some analysts as more than a technical adjustment—possibly signaling a strategic policy shift amid escalating trade tensions, debt concerns, and geopolitical realignment.

A Subtle but Steady Trend

In May, China offloaded nearly $1 billion in U.S. debt. While this figure may appear modest in isolation, it follows two months of much larger sell-offs:

• March 2025: China reduced its U.S. Treasury exposure by $19 billion

• April 2025: An additional $8.2 billion was sold

The cumulative effect of these reductions places China behind Japan and the United Kingdom in the ranking of top foreign holders of U.S. debt.

Though China still maintains a sizable $756.3 billion in U.S. Treasuries, the downward trajectory raises questions about long-term intentions. Chinese analysts have openly recommended diversifying away from U.S. debt in favor of more secure and less politically vulnerable stores of value—namely gold and strategic commodities.

Trade Tensions, Trust Erosion, and Debt Realignment

The Treasury data arrives as the U.S.–China relationship remains strained. The Trump administration’s protectionist trade policies, combined with sanctions and technology restrictions, may be driving China to reduce its exposure to American assets as a hedge against potential economic retaliation.

Notably, while some Western observers argue this reduction does not yet amount to full-scale "weaponization" of U.S. debt, others see it as part of a longer-term de-dollarization effort, aligning with moves from BRICS nations to build alternative trade and payment systems.

“Even if symbolic, these moves reflect a structural shift,” said one analyst. “Foreign confidence in U.S. fiscal governance is clearly under stress.”

This broader trend is evident in the declining role of foreign buyers in the U.S. Treasury market:

• In 2008, foreign investors held 57% of total U.S. Treasury issuance

• By 2025, that figure has dropped to 32%

This shift places greater pressure on domestic buyers and Federal Reserve interventions to absorb U.S. debt, as trust in the long-term sustainability of U.S. borrowing weakens.

Gold and Safe Havens Gain Appeal

In response to volatility in dollar-denominated debt, Chinese policymakers and economists are increasingly advising the accumulation of gold and hard commodities as a defensive hedge.

This aligns with broader macroeconomic strategies pursued by China and other BRICS+ nations to reduce dependence on Western financial systems, especially amid rising concerns over sanctions and dollar weaponization.

Global Implications: Trust in U.S. Debt Wavers

The slow but consistent offloading of Treasuries by China signals a deeper crack in the post-Bretton Woods financial order. While the moves are still modest compared to total U.S. debt issuance, the message is strategic: global debt holders are rethinking their allocations in light of evolving geopolitics, inflation risks, and a ballooning U.S. fiscal deficit.

Should this trend accelerate, it may challenge U.S. borrowing capacity, interest rate stability, and the global role of the dollar, particularly if joined by other major debt holders.

@ Newshounds News™
Source: Bitcoin.com

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India’s Wealthy Investors Pivot to Crypto as Bitcoin Outshines Traditional Assets

High-net-worth individuals (HNIs) and family offices in India are accelerating their shift from stocks and gold into digital assets, amid surging Bitcoin prices and renewed global crypto confidence.

India’s top cryptocurrency platforms are seeing a spike in institutional and HNI activity, as traditional asset classes underperform and crypto markets roar ahead. The renewed interest follows Bitcoin’s rally past $120,000, delivering 90%+ returns over the past year, making crypto investments increasingly competitive with equities, bonds, and gold.

A Surge in HNI Participation

A report from Moneycontrol notes a 30% weekly rise in HNI trading volume on Mudrex, crossing the $10 million threshold. CoinDCX also reported a 25–30% increase in average trade size by wealthy investors in July.

Between January and June, over 3,500 HNIs, family offices, and institutional entities accounted for nearly 50% of CoinDCX’s total trading volume. Their average monthly trading now exceeds ₹50 lakh ($60,000+ USD).

“HNIs are no longer asking why crypto,” said CoinSwitch co-founder Ashish Singhal. “The question now is how much to invest and where.”

Institutional Interest in Blue-Chips; Retail Fuels the Rally

While HNIs prefer large-cap cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP, it’s the retail segment that’s driving daily trading momentum.

• CoinSwitch saw a 3x increase in daily trading volume

• CoinDCX posted a 40% jump in daily activity in July, topping $12.82 million

• Mudrex saw a 102% surge in spot trading and a 200% spike in futures trading in just one week

• ZebPay reported that 60% of user activity leaned toward buying

Interestingly, meme coins like Doge, PEPE, and Shiba Inu contributed to more than half of Mudrex’s trade volume, signaling continued speculative interest even amid growing institutional adoption.

Trump’s Return and Macro Tailwinds

Industry observers cite the return of Donald Trump to the White House as a confidence catalyst for crypto markets globally. With Trump expected to adopt pro-crypto regulatory positions, both institutional and retail investors appear to be front-running favorable policy shifts.

Tax and Regulatory Uncertainty Still a Drag

Despite the bullish momentum, India’s tax regime—which includes a 30% flat tax on crypto gains and 1% TDS on every trade—remains a significant deterrent, particularly for retail participants.

Experts emphasize that regulatory clarity and tax reform could unlock far greater participation across all investor classes.

Bitcoin Rally Sparks Inflows of $150M+

Between July 10 and July 15, when Bitcoin crossed $116,000, analysts estimate that $150 million to $200 million was invested into the Indian crypto market.

Analysts now forecast Bitcoin to reach between $140,000 and $185,000 by year-end, further fueling allocation interest from India’s growing base of HNIs and institutions.

As India’s wealthiest investors increasingly view crypto as a strategic and necessary allocation, the asset class is quickly graduating from speculation to mainstream adoption. All eyes now turn to regulatory developments—and whether India’s policy approach will catalyze or constrain this emerging shift.

@ Newshounds News™
Source: Coinpedia   

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“Tidbits From TNT” Monday 7-21-2025

TNT:

Tishwash:  The World Gold Council expects the precious metal to rise by 5% this year. 

The World Gold Council forecast on Saturday that gold prices will rise by 5% in the second half of 2025.

The council stated in a report reviewed by Shafaq News Agency that gold continued its record rise, rising 26% in US dollars in the first half of 2025, achieving double-digit returns across various currencies.

He added that the weak US dollar, limited interest rates, and a highly uncertain geoeconomic environment led to strong investment demand.

The council expects gold prices to rise by an additional 0% to 5% in the second half of 2025. However, economic performance rarely matches expectations. What if economic and financial conditions deteriorate, exacerbating inflationary pressures and geoeconomic tensions?

He pointed out that demand for safe havens increases significantly in times of geoeconomic uncertainty, pushing gold prices up by 10% to 15%.

On the other hand, a widespread and sustainable resolution of conflicts—something that seems unlikely under current circumstances—could cause gold to lose between 12% and 17% of its gains this year.  link

Tishwash:  An upcoming meeting between Erbil and Baghdad to discuss the mechanism for implementing the salary agreement is scheduled for tomorrow.

Technical delegations representing the Kurdistan Regional Government and the federal government are scheduled to hold their first meeting in Baghdad tomorrow, Tuesday, to agree on a mechanism for implementing the agreement signed between them regarding oil exports, salaries, and local revenues. The aim is to reach an understanding and disburse salaries and financial dues to the region.

On Monday, Al-Jabal platform learned from a government source details of a report prepared by the joint committee between the Iraqi Ministry of Oil and the State Oil Marketing Organization (SOMO), which will be submitted to the Ministry of Oil and Prime Minister Mohammed Shia al-Sudani. The report stated that "the Kurdistan Region currently has an estimated production capacity of less than 81,000 barrels of oil per day."

Last Thursday, a joint technical committee from the Iraqi Ministry of Oil and the State Oil Marketing Organization (SOMO) visited Erbil for four days, visiting the fields that were attacked by drones. The committee also prepared its own report on procedures for resuming oil exports.

The committee stated in its report: "Since the 16th of this month, oil production capacity in the Kurdistan Region has decreased to 81,000 barrels per day due to drone attacks."

One of the points of agreement between Erbil and Baghdad was the allocation of 50,000 barrels of oil per day to meet the region's domestic needs. The Kurdistan Region's production capacity was 280,000 barrels per day before the drone attacks.

Operations at five oil fields have now been halted following drone attacks targeting Kurdistan's energy infrastructure in recent weeks, while operations at other fields have been restricted for security reasons. link

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Tishwash:  Iraq is among the "richest Arab countries," but its wealth is far removed from the "realities of the people" - Urgent

 Despite recently being ranked among the richest Arab countries in terms of resources and revenues, the Iraqi economy remains stuck between the duality of "wealth" and "mismanagement." This gap exists between GDP figures and the reality of citizens, who live under the burden of faltering services and unequal distribution of wealth.

In this regard, economic expert Rashid Al-Saadi confirmed today, Sunday (July 20, 2025), that Iraq's inclusion on the list of the richest Arab nations is an indicator of an improvement in some general economic indicators, but it does not necessarily mean that this wealth is reflected in the lives of citizens or their level of well-being.

Al-Saadi told Baghdad Today, "Iraq's position among the richest Arab nations indicates an improvement in the general economic indicators commonly used to determine the wealth of countries or peoples, such as per capita GDP, an indicator used to measure average income. Iraq also possesses one of the largest oil reserves in the world, which enhances its economic potential."

For decades, Iraq has been ranked among the most capable oil-producing countries in terms of natural reserves and wealth. However, this ranking often clashes with the realities of administrative and financial corruption and weak economic diversification. These factors have thus far prevented these resources from being translated into a standard of living commensurate with the country's capabilities.

He added, "Iraq's ranking among the richest nations does not necessarily mean that all citizens live in luxury. Rather, the country possesses significant resources and capabilities that enable it to achieve significant economic growth. However, these riches do not always directly reflect on people's lives unless genuine reforms are adopted that ensure transparency and integrity in the management of public funds and combat administrative and financial corruption, which is one of the greatest obstacles to development."

Al-Saadi explained that "the Iraqi economy is in dire need of diversifying its sources of income. Over-reliance on oil makes the economy vulnerable to global market fluctuations. This requires supporting other sectors, such as agriculture, industry, tourism, and information technology, to ensure sustainable growth and achieve balanced development."

Al-Saadi concluded his remarks by saying, "Iraq's ranking among the richest nations represents an opportunity and a positive sign for the future of the national economy, but it alone is not enough. The real challenge lies in translating this wealth into a tangible reality that reflects the well-being of citizens through sound governance, clear development plans, and a long-term strategic vision that achieves stability and sustainable growth."

Economic visions agree that international rankings do not necessarily reflect the well-being of people. Rather, they are sometimes linked to raw figures, such as gross domestic product and energy reserves, without considering how these resources are managed or their actual impact on citizens' lives.  link

Mot:  . Aaaahhhhhh -- hmmmmmmmmmmmm!!!!  

Mot: . NOT Quite What I Thought the ""RV"" Was Going to Beeeee!!! – siigghhhhh 

Iraq Economic News and Points To Ponder Late Sunday Evening 7-20-25

The Dollar Continues To Bleed On The Local Stock Exchange.

Stock Exchange  The US dollar exchange rate fell on Sunday in the markets of the capital, Baghdad, and Erbil.  The dollar price fell on the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 140,350 Iraqi dinars for every $100, while it had recorded 140,700 dinars for every $100 yesterday, Saturday. 

Selling prices at exchange offices in local markets in Baghdad also declined, with the selling price reaching 141,250 dinars for every $100, and the buying price reaching 139,250 dinars.
In Erbil, the dollar also declined, with the selling price reaching 140,050 dinars for every $100, and the buying price reaching 139,950 dinars.   https://economy-news.net/content.php?id=57628

The Minister Of Finance Reassures Parliament: The Government Is Seeking To Submit The Budget Schedules As Soon As Possible.

Sunday, July 20, 2025, | Economic Number of reads: 158  Baghdad / NINA / Finance Minister Taif Sami revealed the reasons for the delay in sending the 2025 budget tables to the Council of Representatives.

Sami confirmed, during a joint meeting with the Parliamentary Finance Committee today, Sunday, that the government is seeking to send it as soon as possible, noting the importance of ending the financial dispute between the federal government and the regional government.

Sami added, "The ministry has made great strides in restructuring government banks and implementing the comprehensive banking system, in addition to implementing the POS system and electronic payment, and expanding various banking services under the supervision of the Central Bank."

Regarding the tax file and customs automation, the Minister of Finance explained that "non-oil revenues generated from customs exceeded 2 trillion dinars, a percentage of which reaches the governorates."

The Parliamentary Finance Committee held a joint meeting with Finance Minister Taif Sami on Sunday to discuss the government program, mechanisms for implementing the general budget, and the 2025 budget schedules.

The meeting also touched on the financial management system and the mechanism for including project financing in the governorates within the 2023 and 2024 budgets, as well as discussing data related to financial financing, ways to bridge the budget deficit, and sovereign guarantees, in addition to studying appropriate solutions to maximize revenues. https://ninanews.com/Website/News/Details?Key=1241892

Abu Raghif: Digital Data Security Is A Priority
July 20, 2025  Abu Raghif: Digital data security is a national priority that requires cooperation

Baghdad - Nada Shawkat  Chairman of the Communications and Media Commission, Nawfal Abu Raghif, affirmed that digital data security represents the first line of defense for Iraq's digital sovereignty. He emphasized that protecting global positioning services (GPS) from any exploitation or leakage requires high-level coordination between relevant institutions and the private sector to confront escalating cyber threats.

A statement received by Al-Zaman yesterday said that "Abu Raghif chaired an expanded regulatory meeting with the main companies providing global positioning services in Iraq, in the presence of Chairman of the Board of Commissioners, Blassam Salem, and Board member, Aws Al-Awadi, within the framework of the regulatory vision adopted by the Commission to control the positioning services sector and ensure its consistency with national and international standards."

Strengthening Sovereignty

He added that (he reviewed the regulatory frameworks approved by the Authority to provide services accurately and efficiently, in a way that contributes to strengthening national sovereignty and protecting the country’s digital infrastructure, while affirming the commitment of operating companies to digital governance controls and applicable legal procedures).

Abu Raghif stressed (the necessity of protecting positioning data and users’ locations from leakage or exploitation, and ensuring their use within legitimate frameworks only, by adopting modern oversight systems, and providing a fortified cyber environment through coordinating efforts between the public and private sectors), calling for (removing bureaucratic obstacles facing service providers, and developing institutional communication channels, which contributes to raising performance efficiency and enhancing mutual trust between the Authority and operating companies).

The statement indicated that (the meeting discussed mechanisms for licensing and importing devices related to positioning services, and subjecting them to audit procedures under the supervision of the competent authorities, to control technical performance and limit use within the legal framework, while opening the way for sound investment initiatives in accordance with technical and legislative controls).

The statement continued that (the meeting stressed the importance of developing monitoring and tracking tools to detect any illegal uses of services).

Positioning, especially with regard to smuggling, espionage, or illegal transportation operations, especially since these files fall within the priorities of digital sovereignty and require the highest levels of coordination between the Authority and the relevant authorities.  LINK

Iraq Announces A Qualitative Leap In Gas And Renewable Energy Investment.

Energy  Economy News – Baghdad  The National Team for Renewable Energy Projects at the Prime Minister's Office confirmed on Sunday that Iraq has achieved a qualitative leap in gas and renewable energy investment, while noting the commencement of solar energy projects in the garages of eight ministries.

Naseer Karim Qasim, head of the National Team for Renewable Energy Projects at the Prime Minister's Office, said, "The energy sector in Iraq has witnessed significant developments in recent times, including expansion in gas and renewable energy investments and strengthening infrastructure."

He pointed out that "the percentage of flared gas investment rose to 68 percent, compared to 57 percent previously, and dry gas production increased to 1,700 cubic meters per day, which contributed to increasing refining capacity, in addition to developing gas and oil transport networks and connecting them to power plants."

He added that "government efforts included expanding the use of the electronic payment system at gas stations and activating development contracts for 18 exploration blocks and oil and gas fields."

In the field of renewable energy, Qasim explained that "the government is implementing an integrated strategy that includes the establishment of major generation projects, including the 1,000-megawatt Artawi plant currently under construction, the 525-megawatt Karbala and Alexandria plants, in addition to the 750-megawatt Muthanna investment plant, in addition to other projects under contract."

He explained that "the second axis of the strategy focuses on smart and rapid solutions, by deploying solar energy systems on rooftops and connecting them to distribution networks, and establishing medium-capacity stations around cities to connect them to medium voltage."

He pointed out that "the Cabinet voted on several decisions related to these projects, while the governorates have begun allocating the necessary land for them.

The first phase includes a pioneering project at the Government Palace with a capacity of 2 megawatts, consisting of a sophisticated parking lot with a capacity of 500 cars, which was completed in 40 days through cooperation between the public and private sectors."

He continued, "The Prime Minister directed that the Government Palace power plant be expanded to other ministries. Implementation of the project has begun in eight ministries, and similar projects are being implemented at border crossings with a capacity of 50 megawatts." https://economy-news.net/content.php?id=57654

Statistics: Iraq's Oil Exports To The US Rise
Economy | 07/20/2025  Mawazine News - Follow-up  The US Energy Information Administration announced on Sunday an increase in Iraqi oil exports to the US during the past week.

The administration said in its statistics that "the average US imports of crude oil during the past week from eight major countries reached an average of 5.623 million barrels per day, an increase of 207 thousand barrels per day compared to the previous week, which reached an average of 5.416 million barrels per day."

It added that "Iraqi oil exports to the US reached an average of 314 thousand barrels per day, an increase of 150 thousand barrels per day compared to the previous week, which reached an average of 164 thousand barrels per day."

It continued, "The largest oil revenues to the US during the past week came from Canada, at an average of 3.339 million barrels per day, followed by Saudi Arabia at an average of 523 thousand barrels per day, followed by Mexico at an average of 372 thousand barrels, Colombia at an average of 345 thousand barrels per day, and Brazil at an average of 253 thousand barrels per day." https://www.mawazin.net/Details.aspx?jimare=264019

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

Seeds of Wisdom RV and Economic Updates Monday Morning 7-21-25

Good Morning Dinar Recaps,

White House to Release First-Ever U.S. Crypto Policy Report on July 22

Historic moment comes after a week of landmark wins for digital asset legislation

The White House is preparing to unveil its first full-scale U.S. cryptocurrency policy report on July 22, marking a critical step toward regulatory clarity for digital assets, stablecoins, and the broader crypto ecosystem.

The release follows a major legislative milestone branded by officials as “Crypto Week,” which saw:

• The GENIUS Act signed into law, establishing the first federal framework for stablecoins.

• The Clarity Act and Anti-CBDC Act advancing through the House of Representatives.

• Renewed executive commitment to U.S. leadership in digital financial technologies.

Executive Order Reverses Biden-Era Crypto Policy

On January 23, 2025, President Trump issued an executive order titled “Strengthening American Leadership in Digital Financial Technology.”
The order:

• Revoked President Biden’s 2022 directive (EO 14067) that had laid groundwork for a U.S. central bank digital currency (CBDC).

• Banned the creation of a government-run digital dollar.

The same order mandated that a full policy report be submitted within 180 days—leading to the July 22 release.

Interagency Task Force to Deliver Policy Blueprint

A special Working Group—comprising the Treasury Department, Department of Justice, and other federal agencies—has spent months preparing the forthcoming report. It will be delivered to the President through the American Presidential Economic Panel (APEP) and is expected to:

• Recommend clear federal laws and oversight mechanisms for digital assets.

• Establish principles for risk management and consumer protections in crypto markets.

• Propose strategies for handling a federal digital asset stockpile, including coins seized via law enforcement.

• Invite public and industry consultation to inform regulatory direction.

Stablecoins at the Core of U.S. Digital Finance Strategy

The policy report will likely build upon the momentum of the GENIUS Act, which has now become law. The act:

• Defines stablecoin issuance rules.

• Requires separation between traditional banking activities and digital token operations.

• Bans interest-bearing stablecoins while promoting payment-based use cases.

These measures position stablecoins as the gateway for integrating crypto into everyday financial infrastructure—while safeguarding against systemic risk and tech monopolies.

Crypto Moves from the Margins to the Mainstream

With major legislative frameworks now taking shape, the U.S. is transitioning from regulatory uncertainty to a more rules-based digital asset regime. The Clarity Act seeks to define digital tokens under existing securities law, while the Anti-CBDC Act cements political opposition to centralized digital currencies.

“Crypto Week” may mark the moment when U.S. digital asset policy turned from debate into durable infrastructure.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

Truist Accelerates Push Into Digital Lending Amid Market Uncertainty

Q2 earnings reveal growth through innovation, rising digital engagement, and a strategic reinvestment push

Despite a challenging macroeconomic environment and tepid investor sentiment, Truist Financial Corporation is doubling down on its digital modernization strategy—using innovation to drive performance, mitigate risk, and capture long-term growth.

During the company’s Q2 2025 earnings call on July 18, Truist leadership emphasized core priorities: loan growth, strategic reinvestment, and expanding digital channels. The bank reported strong results, including:

• ~37,000 new checking accounts added in Q2

• Digital channel responsible for 43% of new accounts, up from 34% YoY

• 2.3% quarter-over-quarter increase in net interest income (NII)

• Stable credit quality amid rising deposit costs

“We delivered strong second-quarter results, driven by strategic loan growth and higher net interest income,” said CEO Bill Rogers, who described the bank’s strategy as resilient and forward-looking.

Balancing Growth With Risk Management

Amid uncertain rate dynamics and cautious capital markets, Truist’s ability to maintain credit stability while pursuing digital transformation was a central theme of the call.

• Net Interest Income: Rose to $3.64 billion, up 2.3% QoQ

• Net Interest Margin: Held steady at 3.02%

• Loan Growth: Average loans and leases rose $6.2 billion, driven by new originations in consumer lending, residential mortgages, and commercial/industrial (C&I) loans

• Deposit Costs: Rose to 1.85%, up 6 basis points, pressuring margins

Yet, this margin compression was offset by a surge in digital usage.
Over 1.8 million clients used Truist’s digital financial tools—a 40% YoY increase. The Plan & Track dashboard drove a 30% rise in digital engagement.

LightStream Rebrand: A Deeper Digital Push

Truist has now fully integrated its LightStream lending unit into the main platform under the name “LightStream by Truist”—a move aimed at consolidating its footprint in prime digital lending.

The bank’s evolving digital ecosystem is seen as a direct response to growing demands from SMBs and consumers for low-fee, high-access banking services—a space where regional and community banks continue to challenge larger incumbents.

Research from PYMNTS Intelligence and i2c shows that smaller banks thrive when they adopt collaborative, tech-forward models, giving Truist’s digital-first strategy additional validation.

Investor Caution, But Eyes on the Back Half

Despite the solid Q2 performance, Truist shares dipped, as weak fee income and rising credit provisions tempered Wall Street’s enthusiasm.

Still, executives struck a confident tone. The bank expects:

• 3% full-year NII growth

• Recovery in investment banking and trading segments

• A favorable environment if the Fed delivers two rate cuts in H2 2025

“We’re staying on offense,” said Rogers, “with a clear strategic focus, a strong balance sheet, and an unwavering commitment to purpose.”

@ Newshounds News™
Source: PYMNTS

~~~~~~~~~

XRP Positioned as Infrastructure for a Multi-Trillion-Dollar Financial Future, Analyst Says

Ripple’s On-Demand Liquidity network and XRP’s regulatory clarity pave the way for institutional-grade financial infrastructure

Ripple’s XRP token is quietly evolving into a core component of the next-generation global financial system, according to macro analyst Versan Aljarrah, also known as the Black Swan Capitalist. Backed by Ripple’s On-Demand Liquidity (ODL) network and recent regulatory wins, XRP is being positioned as a neutral bridge asset for tokenized assets, cross-border payments, and even central bank digital currencies (CBDCs).

A Global Infrastructure Shift in Motion

Ripple’s ODL system is already being deployed in Asia, Africa, Latin America, and the Middle East, replacing the outdated nostro-vostro model used by traditional networks like SWIFT. The technology enables real-time, low-cost cross-border transactions without the need for pre-funded accounts.

“Ripple isn’t just building a payments solution—it’s laying the foundation for a global liquidity infrastructure,” Aljarrah emphasized.

The company is now operationally embedded within real-world financial corridors. A notable example includes Ripple’s custody deployment with the Dubai Land Department, enabling tokenized real estate management via blockchain.

Regulatory Green Lights and Institutional Confidence

Ripple has secured regulatory approval in major jurisdictions including Singapore, the European Union, and the United Arab Emirates. These licenses make Ripple’s technology usable by both sovereign and institutional participants within legal frameworks.

In the United States, Ripple scored a critical legal victory in 2023 when a federal court ruled that XRP is not a security, removing a major regulatory cloud and paving the way for further institutional integration.

XRP Demand Driven by Liquidity, Not Hype

Aljarrah asserts that institutional XRP demand is purely organic, driven by the need for scalable, real-time liquidity—not retail speculation.

• To process $1 trillion in daily volume, XRP liquidity pools would require approximately $100 billion worth of XRP

• XRP’s fixed supply ensures that demand for deeper liquidity will likely translate to upward price revaluation

As the tokenization of financial assets accelerates—covering equities, bonds, real estate, and even carbon credits—XRP’s scalable and interoperable ledger is emerging as a critical backbone for value exchange.

CBDCs and Sovereign Integration

Ripple’s CBDC Private Ledger is now being tested by multiple central banks, exploring XRP’s ability to bridge sovereign digital currencies with both privacy and compliance intact.

The goal: Interoperability between national CBDCs that maintains speed, security, and legal clarity—areas where XRP already has a head start.

Quietly Dominating the Financial Infrastructure Race

“This isn’t about hype—it’s happening corridor by corridor, country by country, system by system,” Aljarrah said.

Ripple and XRP are solving the problems legacy systems can’t—offering speed, neutrality, and deep liquidity in an increasingly fragmented and tokenized financial world.

As institutions seek settlement-layer stability and real-time digital asset infrastructure, XRP may be transitioning from a speculative digital asset to a core layer of financial plumbing—with long-term implications for valuation and adoption.

@ Newshounds News™
Source: Crypto News Flash

~~~~~~~~~

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MilitiaMan & Crew: Iraq Dinar News Update-KRG Oil & Gas Decisive-Budget-Salaries-

MilitiaMan & Crew:  Iraq Dinar News Update-KRG Oil & Gas Decisive-Budget-Salaries-

7-20-2025

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

In today's video, we dive deep into the current state of the Iraqi dinar and its significance in the evolving economic landscape of Iraq. We discuss the recent decision by the Iraqi Federal Court to dismiss lawsuits that could have impacted the dinar's stability and what this means for investors and the general public.

Key Topics Covered:

Overview of the Iraqi dinar and its importance in the region.

The Iraqi Federal Court's dismissal of key lawsuits: implications and insights.

A special government committee's efforts in preparing crucial budget reforms aimed at stabilizing the economy.

Highlights from the recent meetings between Baghdad and Erbil, focusing on unity and economic collaboration.

The arrival of the Ministry of Oil and SOMO representatives in Erbil: what this means for Iraq’s oil sector and future prospects.

Join us as we analyze these developments and their potential impact on Iraq’s economy and the Iraqi dinar. Don’t forget to like, subscribe, and hit the bell icon for more updates on Iraqi economic news!

https://www.youtube.com/watch?v=vk25_4a5pH0

They Don’t Call it the Genius Act for Nothing

Gold Telegraph: They Don’t Call it the Genius Act for Nothing

7-20-2025

Dollar stablecoins are just a euphemism for a central bank digital currency. They don’t call it the Genius Act for nothing. It enforces global demand for a U.S. controlled medium to access decentralized finance and the world applauds. Yes, that’s genius.

In a world built on permission, control over the uncontrollable is the last stand for liberty. Maybe this is why I have always gravitated towards gold. It is also what the Founding Fathers of America always understood. Thank you for your attention on this matter!

BREAKING NEWS: AN ADVISOR FOR THE BANK FOR INTERNATIONAL SETTLEMENTS SAYS THE WORLDWIDE FINANCIAL SYSTEM NEEDS TO REWRITE ITS RULES FOR A TOKENIZED FUTURE

“Rewrite its rules.” Oh?

“The rise of stablecoins poses new challenges to the global infrastructure for instant payment, clearing and settlement, said the gatekeeper of the world’s central banks…”

Source: https://www.scmp.com/business/banking-finance/article/3318718/global-financial-system-must-rewrite-its-rules-tokenised-future-says-bis-adviser

A potential Fed chair candidate is calling for a new Federal Reserve and Treasury accord which hints at soft yield curve control. If that happens, nobody owns enough gold.

Soft yield curve control signals to the market that the world’s most important debt market is broken and now needs to be jointly engineered to survive. I am just being blunt.

Source(s):   https://x.com/GoldTelegraph_/status/1946688595118690724

https://dinarchronicles.com/2025/07/20/gold-telegraph-they-dont-call-it-the-genius-act-for-nothing/

Iraq Economic News and Points To Ponder Sunday Afternoon 7-20-25

Achievements And Challenges 
Economic 07/20/2025  Yasser Al-Mutawali  While the country is witnessing real achievements in various areas of the economic and service sectors,   due to efficient reform policies and clear trends toward stimulating the economy and development, economists are busy these days searching for ways to confront the expected global financial crisis, which is a periodic crisis facing the global economy.  Therefore, experts are seeking to mitigate its effects on the reality of the Iraqi economy.

Perhaps it is useful to emphasize that any warnings issued here and there  must be taken into account and benefited from, to avoid the damage that may result from them.
 

Today, the International Monetary Fund (IMF) issued a warning regarding Iraq's worsening fiscal deficit,  due to objective reasons related to geopolitical changes taking place around the world,  which have painful economic repercussions, according to its latest report this week.
 
Therefore, it is necessary to focus on stimulating income-generating productive sectors,
while reducing unnecessary expenditures in order to overcome the crisis phase and its usual cycle.
 
The IMF's warnings called on Iraq to  review its spending policy and  rationalize it with measures that are difficult to implement,  as they raise complex social problems.
 
In order to preserve and sustain the achievements made, austerity measures must be taken, spending must be reduced, and rapid income-generating economic sectors must be stimulated and diversified.
 
Regardless of the accuracy of the warnings, it has become necessary not to ignore them and to take them seriously,because they are important indicators whose effects must be guarded against.
 
We see in them an opportunity for the government to implement more radical reforms in fiscal policy,
to confront the dire effects of the expected financial crisis.
 
Perhaps it is useful to point out that Iraq, as a rentier country, will be at the forefront of the countries affected and most affected, especially if oil prices fall below the hypothetical price planned for the budget.
 
This reality requires the government to review current spending plans, reduce all non-essential expenditures, and boost non-oil revenues by revising tax and customs duties, reforming the personal income tax, creating private sector jobs without relying on government jobs, and  regulating the import of non-essential goods.
 
It is perhaps worth emphasizing once again that ignoring the warning, regardless of the accuracy of the information contained in the report,remains a matter that requires serious consideration.    https://alsabaah.iq/117658-.html 

Hard Currency Is Being Drained With The Blessing Of The National Bank. Experts Warn Of A Catastrophe That Will Cripple The Iraqi Economy.

Economy     2025-07-19 | 06:10  1,903 views   Alsumaria News – Economic   Bank's monopoly 
The National on dollar transfers has sparked widespread controversy in Iraqi economic and commercial circles, amid accusations that it dominates foreign currency sales and transfers, threatening the principle of fair competition and increasing pressure on the local market.
 

Observers believe this monopoly has contributed to rising exchange rates and limited options for traders and citizens.
 
Meanwhile, financial experts assert that the lack of effective oversight and the overlapping interests of influential parties have given the bank near-absolute control over the dollar's movement.

Observers noted that  almost complete monopoly "the National Bank, with the support of influential parties,   was able to obtain near-exclusive control over foreign remittances from Iraq,  while a number of Iraqi banks were restricted and barred from accessing the electronic remittance platform." 

He added, "This monopoly is not merely technical in nature, but is also due to pressure from political backgrounds and influential figures with ties to the bank's senior management, raising concerns about administrative and financial corruption."
 
The Impact Of Monopoly On The Market And Iraqis
 
This, according to experts, confirms the weak competitiveness of Iraqi banks.
 
Reducing the profit margin and development opportunities for local banks, due to their being barred from participating,weakens their ability to provide local services or improve their infrastructure.
 
It also leads to a deterioration in services for beneficiaries, as transfer and deposit transactions have been subject to   repeated delays and postponements,   substandard customer service, and complaints of electronic system outages and  erratic transfers. 

They continued,  "The manipulation of remittances also leads to a drain on hard currency, as the National Bank is estimated to be transferring huge sums of dollars abroad,  taking advantage of exchange rate differences and dollar auctions without adequate oversight."

They noted that "there are huge economic losses estimated at billions of dinars annually
     —such as 7.5 billion dinars stolen from Iraqi profits and sent directly to Amman
     —that are draining the Jordanian economy."
 
Dividend Distribution – Who Benefits?
 
The National Bank of Iraq (NBI) achieved huge profits following the acquisition; its net profit after tax for 2023 reached approximately 190 billion dinars,  compared to 27.5 billion dinars in 2022.

Revenues from the currency window  also increased 26-fold to approximately 93 billion dinars,  67% of which is transferred to non-Iraqi entities.

External destination: A large percentage of these profits go to Jordan,  according to representatives and experts, and  are added to the budgets of the parent companies, representing  a clear drain on liquidity and foreign currency in excess of the local markets' needs.
 
The Size Of The Monopoly And The Impact Of The Law
 
waived Article 107 of the Banking Law any limits on foreign investor ownership (up to 100%),
enabling foreign-owned banks to dominate, while such licenses are practically prohibited for Iraqi banks.
 
granted The Central Bank licenses and controlled currency auctions in a non-transparent manner, and
amended laws to support the interests of certain parties at the expense of national financial sovereignty.
 
Supervisory Calls
 
Observers called for "an urgent parliamentary investigation into the procedures that led to the
National Bank's leadership,   documenting financial transactions,  identifying the parties involved,  reviewing the banking law and amending Article 107 to end foreign control and  enable Iraqi banks to compete, as well as abolishing the monopoly currency window and  replacing remittance distribution with a transparent system managed by the  government   or a unified platform without the control of a private bank."   

They stressed the "need to refer the National Bank to direct oversight by the Central Bank, strengthen monitoring of transfers and the exchange rate, and impose penalties on violators."
 
The National Bank of Iraq's ongoing monopoly over foreign remittances   negatively impacts the national economy and  leads to the transfer of huge profits abroad.
 
This has prompted calls for  parliamentary action to investigate the matter through judicial and legislative means, as well as for  fundamental reforms to regulatory institutions and the banking system.  Experts stated that "Iraqi depositors are the losers in this financial game, while dinars and hard currencies are being siphoned off under the guise of legal transfers."      
https://www.alsumaria.tv/news/economy/534072/العملة-الصعبة-تُستنزف-بمباركة-المصرف-الأهلي-خبراء-يحذرون-من-كارثة-تشل 

IMF: Iraq Has Maintained Stability And Inflation Is Low
 
July 19, 2025 Baghdad/Iraq Observer  The International Monetary Fund confirmed on Saturday that
Iraq has succeeded in maintaining its internal stability despite regional tensions, while noting that the  
inflation rate in Iraq has remained low.
 
The IMF stated in a report reviewed by Iraq Observer that “Iraq has succeeded in maintaining its internal stability despite  regional tensions and unstable global conditions,” noting that “the inflation rate has remained low in Iraq,” stressing “the need to   implement fundamental reforms to increase non-oil revenues and  control the public wage bill,” indicating that “current and investment spending plans for 2025 should be reviewed.” He stressed that
 
"it is necessary and urgent to reform the public pension system by  raising the retirement age and  reducing the accumulation and replacement rates," praising "the Central Bank of Iraq's  success in fully transitioning to the new trade finance system and its  contribution to narrowing the gap between the official and parallel exchange rates."

The Fund stated that  "the Central Bank of Iraq has begun studying reform options to strengthen the private banking sector," stressing, "We encourage Iraq to accelerate its efforts to improve the issuance and collection of electricity bills."

He explained that "progress has been made in  implementing the National Anti-Corruption strategy and   improving the Corruption Perceptions Index," adding that "it is essential to focus on  bridging the most pressing statistical gaps and  integrating pilot initiatives."    https://observeriraq.net/صندوق-النقد-العراق-حافظ-على-استقراره-و/  

Sources: US Sanctions Iraqi Telecom Company For Money Laundering

July 20, 2025 Last updated: July 20, 2025  Al-Mustaqilla/- Three informed sources, in addition to identical media reports, revealed that the United States has imposed a penalty on a prominent Iraqi telecommunications company,  due to its involvement in money laundering and smuggling operations outside the country, in direct violation of applicable financial regulations and within the framework of US sanctions on entities suspected of engaging in illicit financial activities.
 
According to an informed Iraqi government source speaking to Al-Mustaqilla on Sunday, the penalty came after a series of investigations conducted by US regulatory agencies    in cooperation with international institutions.
 
The investigations uncovered massive financial transfers to neighboring countries and others outside the region without any transparency or clear commercial justification.
 
Another source, who preferred to remain anonymous, explained that  "what happened is just the beginning," noting that "the next phase may witness an official announcement of sanctions against other companies operating in the telecommunications and technology sector,  after their names appeared in reports related to money laundering or foreign currency smuggling."
 
These developments come amid increasing pressure from Washington on the Iraqi financial system, 
as part of efforts to combat corruption and prevent the flow of funds to entities subject to US sanctions,  both domestically and in neighboring countries.
 
This move is expected to have significant repercussions for the telecommunications sector in Iraq,
especially if the scope of monitoring, follow-up, and sanctions expands to include other companies with influence in the market.
 
For their part, the Iraqi authorities have yet to issue an official statement regarding the penalty or the companies involved.
 
However, observers warn of economic and security repercussions if financial violations within this vital sector continue to be ignored.
 
It is worth noting that the chairman of the board of directors of a telecommunications company   that presents itself as the number one telecommunications company in Iraq has previously had   arrest warrants issued against him, summons orders, and the  freezing of his assets inside Iraq on charges of smuggling funds illegally out of Iraq.  https://mustaqila.com/مصادر-عقوبات-أمريكية-على-شركة-اتصالات/  

Iraq's Accession To International Financial Institutions Enhances Economic Development Opportunities.
 
Economic 07/20/2025  Baghdad: Economic Morning   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. He added:
 
Sustainable Development
 
"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.”      
https://alsabaah.iq/117657-.html 

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

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

Good Afternoon Dinar Recaps,

Biggest Economic Showdown: U.S. Tariffs vs. BRICS De-Dollarization Surge

Trump’s New Tariff Threats, BRICS Payment Systems, and the Decline of Dollar Dominance Shape the 2025 Financial Battlefield

The defining economic confrontation of 2025 has emerged: U.S. tariffs vs. BRICS de-dollarization. President Donald Trump has escalated the conflict by threatening an additional 10% tariff on any country that aligns with what he labels “Anti-American policies of BRICS.”

As BRICS nations aggressively move to reduce reliance on the U.S. dollar, the stakes for global financial dominance have never been higher. New trade and currency systems being advanced by BRICS directly challenge the U.S.-led order, placing enormous pressure on dollar hegemony.

Dollar Dominance Faces Historic Decline

Data confirms a major shift away from the U.S. dollar:

• The dollar’s share in global foreign currency reserves has dropped to a record low of 57.8% (IMF, end of 2024)

• Gold now makes up nearly 20% of central bank reserves

• Over 244 metric tons of gold were purchased by central banks in Q1 2025 alone

According to the World Gold Council’s 2025 survey, 95% of central banks expect to continue increasing gold reserves, signaling continued movement away from dollar-based assets amid the accelerating BRICS de-dollarization campaign.

Trump’s Aggressive Tariff Strategy

Rather than focusing solely on trade imbalances, the Trump administration has implemented targeted tariffs on BRICS-aligned nations:

• 30% tariffs remain on most Chinese goods

• South Africa also faces a 30% tariff

• Malaysia, Indonesia, Myanmar, and Laos are under pressure to strike deals with Washington by August 1, or face similar penalties

This comprehensive strategy reflects a broader U.S. economic retaliation not just against China, but against any nation participating in alternative financial systems that undermine U.S. influence.

The BRICS Payment Revolution

BRICS has made major strides toward a post-dollar cross-border payment ecosystem:

• 90% of Russia–China trade is now conducted in rubles and yuan

• The BRICS Cross-Border Payments Initiative, designed to rival SWIFT, is being fast-tracked

• The 17th BRICS Summit in Rio formally endorsed advancing this system as a strategic economic defense

This growing infrastructure represents a direct challenge to dollar-settled trade and threatens U.S. sanctions effectiveness.

China’s Commanding Role in BRICS

China is the economic powerhouse of BRICS, accounting for:

• Nearly 50% of BRICS GDP

• 70% of Brazil’s BRICS exports

This reveals an imbalance of influence, where China’s interests dominate the bloc’s strategic decisions—particularly in trade and technology.

China also controls a majority of the global supply of rare earth minerals, giving it powerful leverage in both economic and military-industrial domains. This adds a critical dimension to the China–U.S. trade war now unfolding across multiple fronts.

The Future of Global Finance: Unipolar vs. Multipolar Order

While BRICS nations have yet to unify their tariff response, their coordinated actions on currency and payment alternatives suggest a real push toward a multipolar financial system. However, analysts caution that true dollar displacement is unlikely unless an alternative currency emerges that is:

• Liquid

• Fully convertible

• Backed by transparent and independent institutions

Still, the momentum behind BRICS de-dollarization signals the most serious challenge to U.S. financial dominance in decades.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps