How the IQD Could Skyrocket If Allowed to Float

How the IQD Could Skyrocket If Allowed to Float

Edu Matrix:  7-25-2025

How the IQD Could Skyrocket If Allowed to Float.

How Taxes and Gold Reserves Prepare Iraq & Vietnam to Revalue Its Currencies

Taxes keep the country running day to day, and gold protects the country in times of crisis. Vietnam holds about 10 metric tons of gold in its official reserves.

 Iraq holds around 145 metric tons of gold.

The United States is holding approximately 8,133 metric tons.

The video goes on to explain how tax collection in the two countries differ and how this affects the value of the economy. The channel shares how the IQD could skyrocket if allowed to float.

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

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

Good Afternoon Dinar Recaps,

India Confirms BRICS De-Dollarization Efforts Despite Trump’s Pressure

• India acknowledges that BRICS nations are actively exploring alternatives to the U.S. dollar for cross-border trade and settlement.
• Despite Trump's 10% tariff threats, discussions on local currency usage and interoperable BRICS payment systems continue.
• India walks a diplomatic tightrope—welcoming diversified monetary systems while rejecting a BRICS common currency.

India Confirms Currency Shift Talks Underway

India has formally confirmed that BRICS nations are advancing talks on mutual trade settlements using local currencies and interoperable cross-border payment systems—initiatives seen by many as stepping stones toward de-dollarization. Officials say these discussions are progressing despite strong opposition and tariff threats from the United States under President Trump.

At a recent press briefing, Ministry of External Affairs spokesperson Randhir Jaiswal explained:

“We had a highly successful BRICS summit… In the joint statement, there are several aspects that have been fleshed out that strengthen the BRICS platform… Cross-border payments, yes, BRICS have talked about local currencies, but de-dollarisation is not something that is there on the agenda.”

This clarification shows India’s nuanced position: While it supports greater monetary autonomy for BRICS countries, it resists the idea of completely replacing the U.S. dollar or launching a common BRICS currency—at least for now.

Trump’s Threats Complicate BRICS Coordination

The Trump administration’s renewed tariff threats have escalated tensions within the BRICS alliance. President Trump recently warned of 10% tariffs on nations engaging in policies aimed at reducing dependence on the U.S. dollar. The comments came shortly after Russian President Vladimir Putin proposed the creation of a new BRICS investment platform—an initiative seen as a vehicle for financial independence.

Trump called such actions “anti-American”, and pledged steep economic penalties on countries adopting them.

India’s Strategic Position: Realism Over Revolution

India’s Foreign Minister S. Jaishankar offered a cautious counterpoint:

“India has never been for de-dollarization. Right now, there is no proposal to have a BRICS currency.”

While India has experimented with rupee-based trade settlements—particularly with sanctioned nations like Russia—the volatility of the rupee and its depreciation (from ₹73 to ₹85 per USD over the past five years) makes a larger move toward de-dollarization risky. India’s leadership is deeply aware that currency instability, Western capital dependencies, and technological reliance make total decoupling from the dollar unfeasible in the near term.

Moreover, policymakers are wary of rising Chinese influence within the BRICS framework—particularly via yuan-settled trade and the New Development Bank.

The Reality of Global Trade Flows

While the dollar still accounts for 54% of international trade, the landscape is shifting. Over 50 nations now conduct trade in yuan, rupees, and rubles, signaling a global trend toward currency diversification—even if the U.S. dollar remains dominant.

India’s approach aligns with gradual diversification, not a wholesale monetary revolution. Rather than pushing for a BRICS currency or direct confrontation with the dollar, Indian officials are opting for “practical collaboration”—focusing on bilateral and multilateral trade mechanisms that reduce visible dollar dependence while maintaining Western financial and technological ties.

Conclusion: India Balances Between East and West

India’s position within the BRICS de-dollarization dialogue reflects the complex geopolitics of the global economy. While aligned with BRICS in diversifying global finance, India remains strategically committed to economic pragmatism, carefully navigating between Trump-era tariff threats, Western capital inflows, and China’s growing influence.

India's message is clear: It supports a more balanced global monetary system, but not at the cost of financial stability or strategic autonomy.

India Confirms BRICS De-Dollarization Efforts Despite Trump’s Pressure

• India acknowledges that BRICS nations are actively exploring alternatives to the U.S. dollar for cross-border trade and settlement.
• Despite Trump's 10% tariff threats, discussions on local currency usage and interoperable BRICS payment systems continue.
• India walks a diplomatic tightrope—welcoming diversified monetary systems while rejecting a BRICS common currency.

India Confirms Currency Shift Talks Underway

India has formally confirmed that BRICS nations are advancing talks on mutual trade settlements using local currencies and interoperable cross-border payment systems—initiatives seen by many as stepping stones toward de-dollarization. Officials say these discussions are progressing despite strong opposition and tariff threats from the United States under President Trump.

At a recent press briefing, Ministry of External Affairs spokesperson Randhir Jaiswal explained:

“We had a highly successful BRICS summit… In the joint statement, there are several aspects that have been fleshed out that strengthen the BRICS platform… Cross-border payments, yes, BRICS have talked about local currencies, but de-dollarisation is not something that is there on the agenda.”

This clarification shows India’s nuanced position: While it supports greater monetary autonomy for BRICS countries, it resists the idea of completely replacing the U.S. dollar or launching a common BRICS currency—at least for now.

Trump’s Threats Complicate BRICS Coordination

The Trump administration’s renewed tariff threats have escalated tensions within the BRICS alliance. President Trump recently warned of 10% tariffs on nations engaging in policies aimed at reducing dependence on the U.S. dollar.

The comments came shortly after Russian President Vladimir Putin proposed the creation of a new BRICS investment platform—an initiative seen as a vehicle for financial independence.

Trump called such actions “anti-American”, and pledged steep economic penalties on countries adopting them.

India’s Strategic Position: Realism Over Revolution

India’s Foreign Minister S. Jaishankar offered a cautious counterpoint:

“India has never been for de-dollarization. Right now, there is no proposal to have a BRICS currency.”

While India has experimented with rupee-based trade settlements—particularly with sanctioned nations like Russia—the volatility of the rupee and its depreciation (from ₹73 to ₹85 per USD over the past five years) makes a larger move toward de-dollarization risky. India’s leadership is deeply aware that currency instability, Western capital dependencies, and technological reliance make total decoupling from the dollar unfeasible in the near term.

Moreover, policymakers are wary of rising Chinese influence within the BRICS framework—particularly via yuan-settled trade and the New Development Bank.

The Reality of Global Trade Flows

While the dollar still accounts for 54% of international trade, the landscape is shifting. Over 50 nations now conduct trade in yuan, rupees, and rubles, signaling a global trend toward currency diversification—even if the U.S. dollar remains dominant.

India’s approach aligns with gradual diversification, not a wholesale monetary revolution. Rather than pushing for a BRICS currency or direct confrontation with the dollar, Indian officials are opting for “practical collaboration”—focusing on bilateral and multilateral trade mechanisms that reduce visible dollar dependence while maintaining Western financial and technological ties.

Conclusion: India Balances Between East and West

India’s position within the BRICS de-dollarization dialogue reflects the complex geopolitics of the global economy. While aligned with BRICS in diversifying global finance, India remains strategically committed to economic pragmatism, carefully navigating between Trump-era tariff threats, Western capital inflows, and China’s growing influence.

India's message is clear: It supports a more balanced global monetary system, but not at the cost of financial stability or strategic autonomy.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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The Treasury’s Plan to Take Control of the Federal Reserve

The Treasury’s Plan to Take Control of the Federal Reserve

Heresy Financial:  7-24-2025

A recent analysis by Heresy Financial sheds light on a critical, often opaque, shift occurring within the U.S. economic landscape: the escalating pressure on the Federal Reserve and the potential erosion of its long-held independence.

 The discussion centers on how the Fed’s traditional role is being reshaped by the U.S. government’s burgeoning fiscal policy and massive debt obligations.

While the Fed is officially tasked with three key mandates – achieving maximum employment, maintaining stable prices, and ensuring moderate long-term interest rates – the Heresy Financial analysis suggests these mandates ultimately serve a broader, less discussed purpose: facilitating government spending.

By enabling higher tax revenue through economic activity, managing inflation at a tolerable level, and keeping government borrowing costs affordable, the Fed indirectly yet powerfully supports the Treasury’s fiscal ambitions.

This inherent tension is now at a critical juncture. Currently, the Fed is engaged in quantitative tightening (QT) and maintaining relatively high interest rates, aiming to rein in persistent inflation and mitigate mounting government debt risks.

This hawkish stance, however, directly conflicts with the current administration’s urgent desire for cheaper borrowing to finance its expansive spending. The consequence? Deteriorating liquidity in the government bond market and increasing political pressure on the Fed, with whispers of calls for closer coordination or even direct Treasury control.

Heresy Financial points to historical precedent as a chilling harbinger. Following World War II, the Fed and Treasury entered into a remarkable “accord” involving “yield curve control.” Under this policy, the Fed committed to buying unlimited government bonds to peg long-term interest rates at artificially low levels.

 This effectively allowed the government to borrow vast sums cheaply and inflate away its massive war debt over decades, though the public bore the brunt of the resulting inflationary consequences.

The analysis warns that the U.S. is now entering a strikingly similar phase of the long-term debt cycle. It predicts that the government will likely resort to comparable tactics – renewed yield curve control and tighter Fed-Treasury coordination – to manage its overwhelming debt burden.

 The anticipated fallout includes rampant inflation, significant asset price booms, and a continued wealth transfer. This transfer will disproportionately benefit the politically connected and existing asset holders, while wage earners and savers, whose purchasing power erodes, will bear the cost.

In light of these sobering projections, Heresy Financial advises viewers to prepare for this impending economic transition. The recommendation is to diversify assets into inflation hedges like gold and Bitcoin, alongside well-allocated index funds, as a strategy to protect existing wealth and potentially profit from the shifting landscape.

https://youtu.be/UDaAIXDQt2k

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

Through 5 Factors, Iraq Aims To Bring The Dollar Exchange Rate To "Conformity"
 
Energy and Business     breaking   2025-07-22 Shafaq News – Baghdad Financial and economic advisor to the Prime Minister, Mohammed Shia al-Sudani, revealed on Tuesday five factors that  could help narrow the gap between the  official dollar exchange rate and its  parallel market price,  potentially leading to "convergence" between the two rates. 

The official exchange rate of the dollar,   approved by the Central Bank of Iraq,  is 132,000 dinars per $100. Meanwhile,  the parallel market exchange rate has   approached 139,000 dinars over the past two days  in Baghdad and the Kurdistan Region, representing  a gap the government is seeking to bridge. 

 Mazhar Mohammed Saleh told Shafaq News Agency, "The decline in the value of the dollar on the parallel market, in favor of the Iraqi dinar, and its approach to the official rate, is due to several reasons and factors, the first of which is the  ban on dealing in dollars domestically,  especially in the real estate sector,  which constituted a major deterrent to the phenomenon of dollarization."  He added,
 
"The second factor is the shift to a policy of foreign exchange bolstering through international correspondent banks, which handled foreign transfers after the Central Bank's window ended at the beginning of this year,  reducing the risk of resorting to high-cost informal financing."  Saleh continued,
 
"The entry of small importers into the formal financing system and   their reliance on a fixed exchange rate for external transfers, which constitutes approximately 60% of total foreign trade, is the third factor in narrowing the gap." 

He pointed out that "the fourth factor is the expanding culture of using electronic payment cards in foreign currency among travelers,  which has eased the pressure on demand for cash dollars, in addition to  facilitating travelers' access to their dollar share through airports, subject to clear controls."
 
The fifth factor, according to Saleh, is "the price defense policy through the expansion of cooperatives for consumer goods and building materials,  financed by imports calculated at the official exchange rate of 1,320 dinars per dollar,  reflecting the integration of monetary, fiscal, and trade policies within the government program." 
 
The financial advisor concluded his statement by saying,  "The fact that the difference between the official and parallel rates is approaching less than 4%  indicates that we have entered the convergence phase, as    this difference represents only the cost of transactions."      https://shafaq.com/ar/اقتصـاد/عبر-5-عوامل-العراق-يستهدف-الوصول-بسعر-الدولار-لى-مرحلة-التطابق 

 Revealing The Cause Of The Economic Recession In Iraq And The Dollar's Connection To It
 
Time: 2025/07/23 20:29:01 Reading: 930 Times
 {Economic: Al-Furat News} Economic researcher Ahmed Abd Rabbo    revealed that the decline in the dollar exchange rate in local markets,  although an indicator of economic and Iraqi dinar recovery,   comes amid an economic recession primarily due to the  failure to approve the budget and the   decline in oil prices.  Abd Rabbo warned, in a statement to {Al-Furat News}, that:
 
"The current recession is mainly caused by the failure to approve the budget and the  decline in oil prices,  which could significantly increase the fiscal deficit," warning that "the fiscal deficit could rise to 85 trillion Iraqi dinars, according to current indicators." 

Abdul Rabbo pointed out that  "there are significant efforts by monetary policy that  are not limited to the dollar exchange rate alone, but also include  supporting borrowing and  stimulating the market,
 
including the "Baghdad Pulse" initiative and others,  all of which aim to support the civilized image of the capital and the economy."

 He explained that "those who control the price of oil are external factors subject to wars and demand, and  therefore price fluctuations negatively impact Iraq."

The economic researcher stressed that "maximizing non-oil revenues is something that must be achieved,"  expressing his "regret for the lack of a genuine will to support the country's   agricultural and    industrial sectors."  
  
https://alforatnews.iq/news/كشف-سبب-الركود-الاقتصادي-في-العراق-وصلة-الدولار-به 

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

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

Good Morning Dinar Recaps,

Trump Visits the Federal Reserve, Calls for Aggressive Rate Cuts: “We Should Be Like Switzerland”

President Donald Trump reignited pressure on the Federal Reserve this week, calling for a dramatic 300 basis point interest rate cut during a high-profile visit to the Fed's Washington headquarters. Though officially scheduled to review ongoing renovations, the visit quickly became a platform for renewed criticism of Fed Chair Jerome Powell—and a flashpoint in the ongoing political pressure on monetary policy.

Trump Pushes for Radical Cuts: “Rocket Fuel” for the Economy

During his remarks, Trump said the U.S. should emulate Switzerland’s near-zero interest rates, calling the current federal funds rate—between 4.25% and 4.5%—“far too high.”

“We should be like Switzerland. A 300-basis-point cut would be rocket fuel for this economy,” Trump declared, citing easing inflation and a resilient job market as justification for immediate rate relief.

Trump's statements come as the Federal Open Market Committee (FOMC) prepares for its next policy meeting on July 29–30, and as Europe begins its own series of rate cuts.

Growing Divide Inside the Fed

For the first time in nearly three decades, two Federal Reserve governors—Michelle Bowman and Christopher Waller—are expected to break with consensus and vote for a rate cut. Their dissent signals growing internal disagreement at the central bank, and gives additional weight to Trump's calls for monetary easing.

Fed Chair Powell, however, continues to signal caution. According to CME FedWatch, markets currently price in just a 2.6% probability of a cut in July, suggesting the Fed remains focused on seeing further declines in inflation before acting.

Fed Officials Offer Mixed Signals

While the majority of Fed officials remain cautious, some are adopting a more dovish tone. San Francisco Fed President Mary Daly downplayed the inflationary impact of Trump’s tariffs and said two rate cuts in 2025 are still “on the table.”

This mixed messaging reflects deeper uncertainty inside the Fed, as policymakers weigh persistent inflation risks against slowing global growth.

Fed Independence Under Fire

Trump’s direct pressure on Powell has triggered warnings from economists and former central bankers, who argue it could undermine the independence of the Federal Reserve. According to a recent Wall Street Journal analysis, sustained political interference could lead to higher long-term bond yields—ironically driving borrowing costs higher, not lower.

Powell Faces Mounting Legal and Political Scrutiny

Adding fuel to the controversy, Powell is now facing legal scrutiny over the costs of the Fed’s ongoing renovation project. A criminal referral from Rep. Anna Paulina Luna to the Department of Justice has amplified questions over central bank spending.

Though Trump stated during his visit that he has “no current plans to fire Powell,” the political spotlight is clearly intensifying. Analysts believe Powell may ultimately be forced to move on rates before year-end to avoid further conflict and retain institutional credibility.

Outlook: A Volatile Balance Between Politics and Policy

As the July FOMC meeting approaches, the stakes are rising. While the Fed remains reluctant to act under political duress, internal dissent, public pressure, and shifting market expectations could accelerate its timetable.

With Trump positioning himself as a champion of growth via aggressive monetary easing, the independence—and future direction—of U.S. interest rate policy is entering uncharted political territory.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

GENIUS Act Sparks $4 Billion Stablecoin Surge as Institutions Jump In

The passage of the GENIUS Act is already transforming the digital asset landscape—driving a sharp $4 billion increase in stablecoin supply and opening the floodgates for banks and asset managers.

Just a week after President Trump signed the landmark bill into law, the stablecoin market cap soared to over $264 billion, with new issuers, products, and investment flows reshaping the competitive landscape of regulated crypto finance.

Regulatory Clarity Unlocks Capital

The GENIUS Act delivers long-awaited regulatory certainty for fiat-backed stablecoins—tokens pegged to the U.S. dollar and backed by cash or near-cash equivalents.

With the SEC now sidelined from issuing enforcement actions against compliant issuers, institutional players are moving quickly to launch federally recognized stablecoin products in a market that has, until now, operated in legal gray zones.

“This is exactly the kind of signal capital markets needed—clear, rules-based guidance,” one fintech lawyer told Cointelegraph. “It levels the field and invites participation from legacy finance.”

Understanding the Stablecoin Landscape

Not all stablecoins are alike. The market comprises four main categories, each with different mechanisms for achieving price stability:

• Fiat-Backed: Pegged 1:1 to currencies like the U.S. dollar, backed by cash or U.S. Treasurys. These make up 85% of the stablecoin market and are the primary focus of the GENIUS Act.

• Leading examples: USDT (Tether) and USDC (Circle), with a combined market cap over $227 billion.

• New law mandates: Full reserve backing, third-party audits, and proper licensing.

• Crypto-Backed: Overcollateralized with crypto assets like ETH or tokenized BTC.

• Example: DAI, with a market cap of ~$4.35 billion.

• Algorithmic: Maintain peg through smart contract supply controls.

• Notable failure: Terra (UST) collapse.

• Status: Sidelined under GENIUS; expected to be addressed in separate legislation.

• Commodity-Backed: Pegged to assets like gold.

• Example: PAXG (Pax Gold). Adoption remains low due to liquidity and custodial challenges.

Institutional Adoption Accelerates Post-Legislation

Since July 18, when the GENIUS Act became law, major institutions have rushed into the stablecoin sector:

• Anchorage Digital, the only federally chartered crypto bank, launched a stablecoin issuance platform in partnership with Ethena Labs, bringing USDtb stablecoin onshore under new federal standards.

• WisdomTree, a major Wall Street asset manager, debuted USDW, a dividend-paying dollar-backed stablecoin designed to support tokenized asset strategies. The firm becomes one of the first traditional asset managers to fully comply with the GENIUS framework.

Wall Street Signals Readiness

Traditional banking heavyweights are also laying the groundwork:

• Bank of America CEO Brian Moynihan confirmed the bank is actively exploring a stablecoin issuance, contingent on full regulatory alignment under the GENIUS Act.

• JPMorgan and Citigroup have also signaled intentions to enter the stablecoin market, adding weight to the idea that dollar-backed digital currencies are now entering a mainstream compliance regime.

A New Era for U.S. Stablecoins

The GENIUS Act appears to be delivering on its promise: creating a legal foundation for stablecoin innovation without stifling enforcement fears. With regulated entry paths now open, experts expect:

• More compliant issuers,

• Accelerated adoption of tokenized assets, and

• A surge in competition among banks, fintechs, and asset managers seeking to dominate the stablecoin space.

As traditional finance merges with crypto infrastructure, the GENIUS Act may go down as the inflection point for mass institutional adoption of regulated digital dollars.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

XRP Quietly Gains Ground on Nasdaq as Institutional Adoption Surges

Once sidelined by legal uncertainty, XRP is now becoming an institutional asset—securing exposure across Nasdaq’s ecosystem and appearing in structured financial products, ETFs, and corporate treasuries.

Thanks to regulatory clarity and growing confidence in Ripple’s infrastructure, XRP has moved from the margins of finance to the heart of Nasdaq’s digital asset playbook.

A Break from the Past: XRP Emerges from the Legal Shadows

For years, Ripple’s legal battle with the SEC cast a long shadow over XRP, effectively freezing out institutional investors and stalling its integration into regulated markets.

The lack of clarity stymied access to essential financial infrastructure:

• No futures ETFs

• No Nasdaq index listings

• No corporate treasury mandates

But 2025 has changed the game.

With new legal frameworks in place and Ripple’s victory over the SEC behind it, XRP is seeing a rapid institutional pivot, with eight major developments linking it directly to Nasdaq in just two months.

Key Institutional Milestones: XRP’s Nasdaq Footprint Expands

The transformation began in earnest on May 23, when Volatility Shares launched two XRP-focused futures ETFs—XRPI and XRPT—on Nasdaq:

• XRPI allocates at least 80% of its assets to XRP futures, granting traders regulated exposure to XRP’s price movements.

• This marked the first XRP futures ETF to debut on a major U.S. exchange—an institutional milestone once thought unlikely.

From there, the momentum snowballed:

• May 28: ZK International (NASDAQ: ZKIN) issues XRP-linked warrants, creating a structured financial product tied directly to XRP.

• June 3: VivoPower International (NASDAQ: VVPR) raises $121 million, allocating $100 million into XRP via the Flare network. The strategy aims to:

• Enhance blockchain-based treasury operations

• Support the XRPL DeFi ecosystem

• Reduce corporate debt

• June 5: Webus International (NASDAQ: WETO) launches a $300 million XRP treasury mandate with an additional $100 million equity line, confirming growing corporate confidence in XRP as a strategic asset.

• June 12: XRP is added to the Nasdaq Crypto US Settlement Price Index, placing it alongside top-tier digital assets used by institutions for pricing and settlement.

• On the same day, Trident Digital Tech Holdings (NASDAQ: TDTH) unveils a $500 million XRP treasury strategy. Plans include:

• Funding via equity issuance, structured finance, and private placements

• Staking protocols to earn yield on XRP reserves

June 18: Nature’s Miracle Holding (NASDAQ: NMHI) receives SEC approval for a $20 million XRP treasury program.

• June 20: Worksport joins the trend, announcing XRP purchases as part of its crypto treasury diversification strategy.

Muted Price, But Rising Institutional Confidence

Despite this flurry of activity, XRP’s price has not yet reflected the institutional buildup:

• Current price: $3.09

• Down 0.42% over the past 24 hours

• Down 10.09% over the past week

Analysts say the market is still adjusting to the macroeconomic backdrop, even as institutional trust in XRP solidifies.

Conclusion: From “Crypto Outlaw” to Wall Street Asset

What was once a regulatory risk is now becoming a Wall Street instrument.

XRP’s integration into Nasdaq’s ecosystem marks a new chapter—not just for Ripple, but for regulated crypto adoption across the board. From ETFs to indexes to corporate treasuries, XRP is laying down roots in the same financial territory once reserved for legacy assets.

If current momentum continues, XRP may soon stand as a benchmark for what successful regulatory integration looks like in the next era of crypto-finance.

@ Newshounds News™
Source: Crypto News Flash

~~~~~~~~~

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“Tidbits From TNT” Friday Morning 7-25-2025

TNT:

Tishwash:  Al-Ziyadi: The government is either unable or deliberately obstructing the submission of the 2025 budget schedules.

MP Mohammed Al-Ziyadi accused the government on Thursday of being unable or deliberately delaying the sending of the 2025 budget tables to the House of Representatives, which led to a paralysis in the provision of services to citizens.

Al-Ziyadi said in a statement to Al-Maalouma Agency, "The government is either unable or is creating obstruction by not sending the approved budget tables to the House of Representatives," adding that "all local governments today are unable to provide services to their people due to the absence of a budget and the failure to approve its tables.

" He called on "the Prime Minister to assume responsibility and send the budget tables to Parliament as soon as possible, stressing that "the ball is now in the Prime Minister's court, and his government must act quickly so that citizens can see the services they deserve."

It is noteworthy that the House of Representatives had previously hosted the Minister of Finance to discuss the budget tables and the reasons for the delay in sending them.   link

Tishwash: Parliamentary Finance: Current revenues are sufficient to cover the salaries of central and regional employees and retirees.

Parliamentary Committee Chairman MP Atwan Al-Atwani stated, "There is still no real ceiling for the budget deficit. This is because expenditures and revenues have yet to be studied to determine the overall budget deficit ceiling."

Al-Atwani explained in a statement (published by Al-Masry today, Thursday 7/24/2025), that “the Ministry of Finance, along with other ministries, is currently working on solutions after adding stalled projects and projects to relieve bottlenecks, to indicate the new obligations included in the 2025 budget.”

He explained that "Iraqi oil sales on the global market are currently sufficient to cover the salaries of employees and retirees, but the irregular flow of cash may cause delays in paying those salaries," noting that "current revenues are sufficient to cover the salaries of all employees and retirees in the central government and the Kurdistan Region."

The head of the Parliamentary Finance Committee reiterated that "employee rights are fully protected and secured, and that once the budget schedules are approved, bonuses and promotions will be issued and will take effect from the date of issuance of the relevant orders."

The Parliamentary Finance Committee settled the controversy surrounding the budget deficit ceiling reaching approximately 83 trillion dinars, while reassuring employees and Parliamentary Committee Chairman MP Atwan Al-Atwani stated, "There is still no real ceiling for the budget deficit. This is because expenditures and revenues have yet to be studied to determine the overall budget deficit ceiling."

Al-Atwani explained in a statement (published by Al-Masry today, Thursday 7/24/2025), that “the Ministry of Finance, along with other ministries, is currently working on solutions after adding stalled projects and projects to relieve bottlenecks, to indicate the new obligations included in the 2025 budget.   link

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

Tishwash:  Worth $100 billion: Iraq's "mysterious wealth" on three continents revealed

The British website " Amwaj " reported on Thursday that Iraq is facing major challenges and complications in recovering "lost properties" in Asian, African and  European countries, estimated at a value of approximately $100 billion. It confirmed that these properties include palaces and villas located in France, Italy, Spain and Britain, "tea, rubber and tobacco" plantations in Malaysia, Sri Lanka and Vietnam, an oil refinery in Somalia, in addition to agricultural lands in Nigeria and Yemen .

The website indicated in a report translated by Shafaq News Agency that "the Iraqi parliament's Foreign Relations Committee launched an initiative in June to recover billions of dollars in state assets believed to be scattered across Africa, Asia, and Europe. This move came just weeks after Somali President Hassan Sheikh Mohamud informed his Iraqi hosts during the recent Arab Summit that an oil refinery built by the Iraqis outside Mogadishu in 1974 was still intact, but had long been neglected ."

According to the report, "The news of the neglected oil facility prompted Iraq to deeply reevaluate its efforts to access the country's long-neglected foreign assets. During the global oil boom, and after Baghdad nationalized its oil industry in 1972, Iraq made a wide range of acquisitions and investments, including luxury real estate in Europe, farms in Asia, refineries in Africa, and other projects aimed at expanding Iraq's economic influence, diversifying its resources, and strengthening diplomatic relations under the rule of former President Saddam Hussein ."

The report continued, "After the imposition of international sanctions in the 1990s, many of these assets were suddenly frozen, and the situation became more opaque after a large portion of these assets disappeared from Iraqi records following the 2003 invasion. Stolen archives, destroyed documents, and fraudulent transfers to private entities created a legal ambiguity surrounding these assets ."

He pointed out that "efforts to recover these properties and assets began in the mid-2000s, with more than $2.5 billion in frozen funds likely recovered, but physical assets have been largely ignored." He explained that "there is speculation that many properties have been sold illegally, while others appear to have been neglected or fallen under the control of other individuals or entities, sometimes even armed groups ."

The report noted that "in many cases, the Iraqi state is no longer aware of these assets, leading to what lawmakers and local media have dubbed 'forgotten wealth.'" In 2021, the Parliamentary Integrity Committee estimated that up to $240 billion in public funds, including foreign assets, had been smuggled abroad or even embezzled .

He noted that "Iraqi lawmakers now estimate that at least 50 major assets abroad remain unaccounted for, believed to be worth between $80 and $90 billion, although some estimates put the value at as high as $100 billion." He added that "the news of the Iraqi oil refinery near Mogadishu has raised concerns among Iraqi lawmakers about the need to do more to address the state's neglected assets abroad. The House of Representatives has also called on the Ministry of Foreign Affairs to take urgent steps to identify and recover foreign assets and investments ."

The report added, "While a special parliamentary investigation committee was formed to follow up on the issue and coordinate with relevant ministries, the Iraqi government launched a global search campaign and tasked a group of government agencies with verifying ownership, addressing legal obstacles, and facilitating its recovery. Meanwhile, the authorities launched a project to map historical assets to rebuild Iraq's foreign portfolio, drawing on embassy records and the expertise of retired diplomats. The ultimate goal of these steps is to prepare a comprehensive master list of state assets and direct diplomatic and legal efforts to recover them ."

He pointed to "major obstacles, including property disputes, as legal ownership documents may become ambiguous over time, or the occurrence of illegal sales, which will force Iraqi authorities to provide conclusive evidence for their cases before foreign courts," adding that "the situation has become more complicated with the loss or theft of original documents after the collapse of the regime in 2003. "

The report stated that "nullifying some unauthorized transactions may require lengthy legal battles. Iraq does not guarantee diplomatic cooperation from host countries, as some governments are believed to have shown reluctance or slowness in providing assistance. There are also complications related to the fact that some armed groups or informal settlers have occupied properties in the area," calling on Iraqi authorities to "press hard to regain control of foreign assets ."

“With federal government revenues estimated at 147.8 trillion Iraqi dinars ($123.2 billion) in 2024, more than 90% of which are oil revenues, recovering 10% of this lost wealth abroad could help bolster Iraq’s public budgets,” she explained. “This issue will test the seriousness of ongoing efforts in the coming months. If successful, Iraq will have succeeded in diversifying the economy and strengthening public confidence in governance. It will also signal a broader shift in how Iraq confronts its long and ongoing legacy of corruption and mismanagement link

Mot:  Only ole ""Maxine"" can Give Such a Great Perspective!!!! 

Mot:  . Now Have an Actual Picture of a ……….

MilitiaMan & Crew: Iraq Dinar News- Iraq’s Golden Future: Development Road Project -

MilitiaMan & Crew:  Iraq Dinar News- Iraq’s Golden Future: Development Road Project -

7-24-2025

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

In this exciting video, we delve into Iraq’s ambitious Development Road Project, a transformative initiative set to reshape the nation’s infrastructure and economy.

Join us as we explore the recent decisions made by the Council of Ministers that are paving the way for unprecedented growth and international collaboration.

 What to Expect:

An in-depth analysis of the Development Road Project and its significance for Iraq's economic landscape.

Insights into the strategic decisions made by the Council of Ministers aimed at enhancing national development.

A closer look at how Iraq is forging international partnerships to attract foreign investment and expertise.

Discussion about Iraq's new Gold City and how it can play a crucial role in funding infrastructure projects, private sector, etc..

 Why It Matters:

As Iraq navigates its path towards modernization and economic stability, understanding these developments is crucial for anyone interested in the region’s future.

This video not only highlights the government's initiatives but also emphasizes the importance of collaboration with global partners.

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

Iraq Economic News and Points To Ponder Thursday Afternoon 7-24-25

The Central Bank Announces Banking Facilities And Amendments To Cash Withdrawal Fees (Document)
 
Economy 2025-07-24 | 07:54  Source:  Alsumaria News 1,528 views  Alsumaria News – Economy announced The Central Bank of Iraq a series of banking updates and facilities on Thursday.  According to a document issued on July 24, 2025, and addressed to all banks and electronic payment service providers , the Central Bank decided the following:

-Adjusting cash withdrawal fees through point-of-sale (POS) devices and automated teller machines (ATMs).   The withdrawal fee is deducted electronically, and the citizen does not pay any fees directly to the bank outlets.  Banks and companies compete to provide their services to the public to achieve the public interest and improve service.     
  
https://www.alsumaria.tv/uploadImages/ExtImages/Images1/209df88b-af4a-4af0-8edb-670a183c6c78-638889549515588061.jpeg
 
https://www.alsumaria.tv/news/economy/534729/البنك-المركزي-يعلن-تسهيلات-مصرفية-وتعديلات-عمولات-السحب-النقدي-وثيقة 

Central Bank Of Iraq Buys Over 16.5 Billion Dollars From Finance Ministry In Q1 2025
 
    Business     Iraq     Jawad Al-Samarraie     July 22, 2025     6716   The new headquarters of the Central bank of Iraq (CBI). Photo: Zaha Hadid Architects  Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) announced on Tuesday (July 22, 2025) that it  purchased over 16.5 billion US Dollars from the federal Ministry of Finance   during the first quarter of 2025.
 
According to an official statistic reviewed by Shafaq News Agency, the Central Bank acquired 16.593 billion Dollars in foreign currency from the Ministry of Finance  during Q1 2025.  In the same period, the bank sold a total of 20.980 billion Dollars through its daily auction.
 
The report also noted that during the entirety of last year, 2024, the Central Bank had purchased 68.654 billion Dollars in foreign currency from the Ministry of Finance. In turn,  it sold 77.652 billion Dollars through its daily foreign currency auction.      
https://www.iraqinews.com/business/cbi-foreign-currency-purchases-q1-2025/   

Despite The Billions Piling Up In America, Why Isn't Iraq Using Its Money To Save Its Economy? - Urgent
 
Baghdad Today – Baghdad  Despite Iraq's massive financial reserves, estimated at tens of billions of dollars,the question remains:      Why aren't these funds being effectively invested domestically?
 
At a time when the country is suffering from mounting economic crises, fragile infrastructure, and declining productive sectors, the government continues to invest a large portion of these reserves in US Treasury bonds,  financial instruments known for their low yields and long payback periods.
 
While these bonds are internationally classified as safe instruments for preserving value,  experts believe that Iraq's approach to investing its foreign assets has become traditionally rigid, inconsistent with development requirements and inconsistent with the priorities of an economy in urgent need of domestic revitalization.

What increases the sensitivity of this issue is that a significant portion of Iraq's funds are actually deposited in American banks, weakening the country's ability to freely decide how to manage these vital resources.
 
In this context, financial expert Abbas Al-Shatri offers a comprehensive critical vision,  calling for a complete rethinking of Iraq's reserve investment policy and a  shift from a "safe freeze" logic to a "productive investment" logic to  ensure economic security and   achieve sustainable development.  Al-Shatri told Baghdad Today,
 
"Iraq's continued investment of a significant portion of its financial reserves in US Treasury bonds is  an economically unfeasible decision,  given the low returns these bonds generate compared to other investment opportunities that could directly support the national economy." He pointed out that "despite the classification of US Treasury bonds as safe and  internationally recognized financial instruments,
 
Iraq, with its current economic situation, urgently needs to direct its funds toward more dynamic investments, whether through  domestic production projects or  regional investment vehicles that  generate higher returns,  contribute to creating real job opportunities, and  enhance infrastructure."

 Al-Shatri explained that  "excessive reliance on these bonds does not meet Iraq's development needs.
 
Rather, it deprives the economy of opportunities to  diversify sources of income and  stimulate vital sectors such as   industry,  agriculture, and  renewable energy, which are the foundation of any stable and sustainable economic structure."

Noting that "the current fiscal policy tends toward safe freezing rather than productive stimulation," Al-Shatri   called for "a radical reconsideration of the investment policy of Iraq's financial reserves,   moving away from the traditional approach of freezing in low-yielding instruments, and   toward a more ambitious economic vision based on   maximizing returns and  achieving economic security."
 
It is well known that a large portion of Iraq's reserves are   actually held in American banks or  under the supervision of the international financial system linked to them.
 
However, experts believe that Iraq does not actually benefit from these funds in a context that serves its internal economic needs.
 
Rather, it is sometimes restricted by political and financial restrictions that make the investment of these funds governed by external considerations rather than an independent sovereign decision.
 
This reality raises serious questions about the independence of Iraqi investment decisions,  at a time when there is a growing need for more flexible financial policies that can help   protect the economy from global fluctuations and    harness the country's vast financial resources for sustainable development within the country. https://baghdadtoday.news/279403-.html    

The Central Bank Of Iraq Issues New Decisions To Regulate Electronic Withdrawal And Payment Fees.
 
July 24, 2025   Baghdad/Iraq Observer  The Central Bank of Iraq issued several decisions on Thursday regarding  banks, electronic payment service providers, and  cash withdrawal fees.
 
According to a letter issued by the bank and received by the Iraq Observer, “withdrawal fees are deducted electronically, and  citizens do not pay any fees directly to banking outlets.”
 
It also stipulates that  “banks and companies shall compete to provide their services to the public to achieve the public interest and improve service,”  while the book sets a minimum commission.  
  
https://observeriraq.net/المركزي-العراقي-يصدر-قرارات-جديدة-لتن/    

The Central Bank Participates In The Mosul Justice Marathon And Forum.
 
July 23, 2025   The Central Bank of Iraq, Mosul branch, participated in the Mosul Justice Marathon and Forum 2025, hosted by the University of Mosul.
 
In his speech, the Director General of the Central Bank's Mosul branch, Dr. Hussein Lazem, provided a comprehensive explanation of  fraud and cyber extortion crimes in Iraq and the  Central Bank's role in addressing and combating them.
 
During the forum, discussion sessions were held on  cybercrime, digital blackmail,  family and children, and  cybersecurity.  Central Bank of Iraq   Media Office  July 23, 2025   https://cbi.iq/news/view/2938    

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 7-24-25

Good AfternoonDinar Recaps,

India Confirms BRICS De-Dollarization Efforts Amid Trump’s Pressure 

India’s position on the global de-dollarization trend has now been confirmed at the official level, signaling growing momentum within BRICS to diversify away from the US dollar — despite tariff threats from the Trump administration.

India Acknowledges Currency Shift Talks Inside BRICS

At a recent media briefing, Ministry of External Affairs spokesperson Randhir Jaiswal acknowledged that BRICS nations are in active talks about using local currencies for trade settlements and building interoperable cross-border payment systems.

“Cross-border payments, yes, BRICS have talked about local currencies, but de-dollarisation is not something that is there on the agenda,” Jaiswal said.

While discussions about a BRICS common currency continue, India has made it clear it is not backing a rapid transition away from the dollar, nor a supranational BRICS currency—yet.

Trump Administration Applies Economic Pressure

President Trump’s response to BRICS’ monetary shift has been confrontational. His administration has threatened:

• A 10% tariff on any nation participating in "Anti-American policies" like de-dollarization;

• Broader economic consequences for attempting to bypass the dollar in international trade.

These threats came just after Russian President Vladimir Putin proposed a BRICS investment platform, heightening tensions between Washington and BRICS capitals.

India’s Strategic Caution

Foreign Minister S. Jaishankar reinforced that:

“India has never been for de-dollarization. Right now, there is no proposal to have a BRICS currency.”

India has experimented with rupee-based trade settlements, particularly with Russia, but the rupee’s volatility—falling from 73 to 85 per USD in five years—adds to hesitation around moving further.

Moreover, there are concerns that a BRICS currency could magnify China’s dominance in the bloc, especially given China’s outsized influence in the New Development Bank and growing use of the yuan in settlements.

India’s Balancing Act

India continues to walk a tightrope between:

• Benefiting from Western capital and tech, vital to its long-term development goals;

• Supporting multilateral alternatives to the US-dominated financial order.

While over 50 countries now use the yuan, rupee, and ruble in bilateral trade, the US dollar still dominates around 54% of all global transactions.

Conclusion: Pragmatism Over Revolution

India’s BRICS policy clearly favors incremental monetary diversification, not abrupt financial revolution. While quietly working to enhance non-dollar trade pathways, India is prioritizing economic stability and strategic autonomy.

Its position reveals a deeper truth: even within BRICS, de-dollarization will be a gradual, politically sensitive process, shaped by each nation’s unique dependencies and geopolitical priorities. 

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Late Wednesday Evening 7-23-25

A Government Advisor Explains The Reasons For The Current Fluctuations In The Dollar Exchange Rate.

Time: 2025/07/23 15:13:44 Reading: 780 times  {Economic: Al Furat News} The Prime Minister's Financial Advisor, Mazhar Mohammed Saleh, explained that global financial markets have witnessed significant fluctuations in the US dollar exchange rate in recent months, due to intertwined factors ranging from escalating trade wars, market skepticism about the independence of the Federal Reserve, and fluctuations in US monetary policy. He indicated that these dynamics represent an additional challenge for emerging market economies.

Saleh told Al Furat News Agency that "the escalation in the tariff war between the United States and China, Europe and Canada has led to sharp fluctuations in financial markets and negatively impacted trade and financial flows."

He pointed out that "this has affected the value of the dollar, coinciding with growing fears of a widening fiscal deficit and mounting federal debt, which has prompted some investors to sell the dollar and get rid of it as a safe haven."

He added, "Doubts surrounding the Federal Reserve's independence and its interaction with the federal budget, in light of the escalating tensions between the White House and the Fed, and the US administration's desire to cut interest rates, have contributed to undermining confidence in monetary policy."

Saleh continued, "The volatility in the safe haven market has contributed to a decline in confidence in the dollar as a reliable hedging instrument, while investors have shifted toward gold, cryptocurrencies, or strong Asian assets." He noted that "all of these factors have led to a decline in the value of the US dollar against various international currencies."

He explained that "the US Dollar Index (DXY), which reflects the dollar's price against a basket of global currencies, has declined by approximately 10.18% since the beginning of 2025."  LINK

Revealing The Cause Of The Economic Recession In Iraq And The Dollar's Connection To It

Time: 2025/07/23 20:29:01 Reading: 90 times  {Economic: Al Furat News} Economic researcher Ahmed Abdel Rabbo revealed that the decline in the dollar exchange rate in local markets, while an indicator of economic recovery and the Iraqi dinar, comes amid an economic recession primarily due to the failure to pass a budget and the decline in oil prices.

In a statement to {Euphrates News}, Abdul Rabbo warned that: "The current recession is mainly caused by the failure to approve the budget and the decline in oil prices, which could significantly increase the financial deficit," warning that "the financial deficit could rise to 85 trillion Iraqi dinars according to current indicators."

Abdul Rabbo pointed out that "there are major efforts by monetary policy that are not limited to the dollar exchange rate alone, but also include supporting borrowing and stimulating the market, including the "Baghdad Pulse" initiative and others, all of which aim to support the civilized image of the capital and the economy." He explained that "those who control the price of oil are external elements subject to wars and demand, and therefore price fluctuations negatively impact Iraq."

The economic researcher stressed that "maximizing non-oil revenues is something that must be achieved," expressing his "regret for the lack of a real will to support the agricultural and industrial sectors in the country."  LINK

The Ministry Of Commerce Announces Approval To Establish The Global Gold City In Baghdad.

Money and Business  Economy News – Baghdad  The Ministry of Trade announced on Wednesday that the Ministerial Council for the Economy has approved the ministry's proposal to establish a global gold city in Baghdad. The ministry described the approval of the proposal as a "strategic step aimed at localizing the gold and jewelry industry within Iraq and boosting local production."

In a statement today, the ministry quoted its Minister, Athir Dawood Al Ghurairi, as saying that the project represents a qualitative leap in the development of national industries. He noted that the city will include an integrated system that includes specialized industrial units, advanced training centers for goldsmithing according to international standards, as well as advanced markets and an exchange for gold and jewelry.

For his part, Director General of the Department of Foreign Economic Relations, Riyadh Fakher Al-Hashemi, explained that the project aims to support the private sector and expand its contribution to the national economy. He noted that the city will be located within the integrated economic city in Baghdad, contributing to transforming the capital into a regional center for the gold industry and trade.

He added that the ministry has begun coordinating with the National Investment Commission to complete the requirements for allocating land and issuing investment licenses in preparation for the project's implementation.   https://economy-news.net/content.php?id=57786

The Ministry Of Commerce Intends To Establish An Industrial City Specializing In Gold To Support The Iraqi Economy.

Economy | 06:00 - 07/23/2025  Mawazine News - Baghdad -  The Ministry of Trade confirmed, on Wednesday, its interest in establishing an industrial city specialized in gold to support the Iraqi economy.

Ministry spokesman Mohammed Hanoun told Mawazine News, "Based on the Iraqi government's directives calling for diversifying the national economy and supporting promising industrial sectors, the Ministry of Trade affirms its keen interest in establishing an industrial city specialized in gold and jewelry to serve as a national platform for organizing and developing this vital industry."

He added, "The gold industry in Iraq is one of the oldest professions linked to the cultural heritage and identity of society.

At the same time, it represents a promising economic sector if it is organized and the appropriate investment environment is created for it.

" He pointed out that "from this standpoint, the ministry is working in coordination with the relevant authorities, most notably the Ministry of Industry and Minerals and the National Investment Commission, to prepare an integrated vision for the establishment of a specialized industrial city that includes modern manufacturing and jewelry workshops in accordance with international standards, vocational training and rehabilitation centers for young craftsmen, and laboratories for testing carats and ensuring quality."

He continued, "It also includes facilities for displaying and marketing products domestically and internationally, as well as facilities to support the local bullion industry and convert raw gold into exportable jewelry.

" He explained that "this city, which is planned to be established in Baghdad, a city with commercial activity linked to gold, will contribute to reducing dependence on imported gold, provide permanent job opportunities for thousands of craftsmen, regulate the market, control quality, protect consumers, and achieve added value for the national economy through exports and industrial stimulation."

He pointed out that "the Ministry of Trade renews its commitment to the Iraqi government's vision of building a diversified, productive economy, and calls on all private sector partners to actively participate in this national project, which will represent a qualitative leap in the gold and jewelry sector in Iraq." https://www.mawazin.net/Details.aspx?jimare=264156

US Secretary Of State To Sudani: Importance Of Holding Accountable Those Involved In Energy Facility Attacks

08:22:16 Read: 1,170 times  {International: Al Furat News} US Secretary of State Marco Rubio, in a phone call with Prime Minister Mohammed Shia al-Sudani, stressed the importance of holding accountable those involved in the recent attacks on Iraq's energy infrastructure and the need to take measures to prevent their recurrence in the future.

US State Department spokeswoman Tammy Bruce quoted Rubio as emphasizing his country's support for Iraq's security and stability and its support for the Iraqi government in confronting security challenges, especially those targeting vital facilities and the energy sector.

This call comes in the wake of a series of unknown attacks targeting energy sites over the past few weeks, raising domestic and international concerns about a resurgence of security tensions that could impact the Iraqi economy and reconstruction efforts.

On July 15, Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, directed the relevant authorities to launch an immediate and comprehensive investigation to identify those behind the attacks on oil fields in the Kurdistan Region and abroad, and to take firm measures to hold those involved accountable without hesitation or leniency.

The spokesman for the Commander-in-Chief, Sabah al-Numan, also affirmed that the Iraqi government, with all its institutions and agencies, will not tolerate any threat to the interests of the Iraqi people and will take all necessary measures to protect vital facilities and strengthen the defense system, preventing the recurrence of such acts, preserving Iraq's sovereignty, and protecting the rights of its people. LINK

What's Behind The Exchange Rate In Iraq? An Expert Identifies The Factors Affecting The Dollar.

Time: 2025/07/23 19:03:55 Reading: 405 timesbb  {Economic: Al Furat News} Economic expert Abdul Rahman Al Mashhadani revealed that the halt in government spending on investment projects is one of the main reasons for the demand for the dollar and its impact on the exchange rate in Iraq.

Al-Mashhadani told Al-Furat News: "Demand for the dollar is not limited to the commercial aspect alone, but is also greatly affected by government projects. The government's initiation of spending on contractors and paying their dues leads to an increase in demand for the US currency, given that a substantial portion of the materials used in these projects are imported from abroad."

He added, "In the absence of funds being disbursed for projects, related imports are halted, affecting the dollar's movement in the market." He noted that "Iraq is experiencing a second year of a halt to this vital exchange rate."

Al-Mashhadani confirmed that "current spending is limited to the engineering efforts of the Prime Minister's Office, and there are no financial allocations for the governorates or ministries," noting that "this can be verified by referring to the Ministry of Finance's website, which shows that spending on services, goods, and other supplies is zero."

The selling price at exchange offices in Baghdad's local markets was recorded at 140,500 dinars per $100, while the buying price was 138,500 dinars per $100.   LINK

 

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 7-24-25

Good Morning Dinar Recaps,

Treasury Secretary Bessent Urges Internal Review of Federal Reserve as Pressure Mounts on Chair Powell

U.S. Treasury Secretary Scott Bessent has called for a comprehensive internal review of the Federal Reserve, citing concerns over the central bank’s expanding operations and budget amid rising political pressure on Fed Chair Jerome Powell.

In a Bloomberg Television interview, Bessent highlighted the need to reassess the Fed’s institutional scope, warning that its growing mandate risks undermining the core function of monetary policy.

“I believe that it would do Chair Powell a favor, and he would be doing the institution a favor, if he did an internal review—separating monetary policy from everything else.”

Bessent echoed concerns previously raised by Larry Summers, noting that the Fed’s “mission creep” could compromise its independence. Since 2004, the central board’s budget has quadrupled, a shift Bessent says warrants internal scrutiny.

“It is a big, sprawling institution. Every institution needs to examine themselves.”

Political Pressure and Presidential Criticism

The comments come amid mounting pressure from President Donald Trump, who has publicly criticized Powell for refusing to cut interest rates. Trump has expressed a hope that Powell will voluntarily resign, though he stated he does not intend to fire him.

Adding fuel to the debate, renowned economist Mohamed El-Erian recently called for Powell to step down—a position that surprised Bessent but did not overshadow his own call for a review process.

“The Bank of England, after the 2022 rate shock, brought in outside experts to assess what went wrong. That’s the kind of model we could look at.”

Proposed Structure of Review

Bessent emphasized that Powell could oversee the review himself, potentially leading a committee or expert panel. He stressed that the internal review must be credible, warning that a superficial process might require an external examination.

“If the internal review didn’t look like it was serious, then maybe there could be an external review.”

Broader Implications

With financial policy at a crossroads, Bessent’s call reflects a broader debate over central bank transparency, mission clarity, and the Fed’s expanding influence in non-monetary realms. As political scrutiny intensifies and the 2024–2025 rate debate continues, the Fed's internal structure is now under a national spotlight.

@ Newshounds News™
Source: DailyHodl

~~~~~~~~~

Trump’s Presidential Crypto Task Force Set to Deliver Landmark Report July 30

The Presidential Working Group on Digital Asset Markets, established under President Donald Trump’s first executive order, is preparing to release its highly anticipated 180-day crypto policy report on July 30—a milestone for the U.S. digital asset landscape.

Key Points to Expect:
• Comprehensive guidance on stablecoin regulation, token classification, and enforcement reform following passage of the GENIUS and CLARITY Acts
• Potential blueprint for building a federal Bitcoin reserve using seized digital assets, not taxpayer funds
• Clear stance against a retail CBDC, citing privacy and trust concerns
• Framework for international cooperation and tax policy updates

“America is now leading the way on digital asset policy,” said Bo Hines, Executive Director of the task force.

From Campaign to Policy

Just three days after inauguration, President Trump signed an executive order establishing the working group, fulfilling campaign promises to make the U.S. “the crypto capital of the world.” Led by AI and crypto czar David Sacks, the task force includes top officials from the Treasury, SEC, CFTC, DOJ, and other federal agencies.

The Bitcoin Reserve Question

One of the most talked-about aspects of the report is the potential recommendation to build a Bitcoin reserve using digital assets already seized by federal authorities.

“This isn’t about buying Bitcoin on the open market, but rather building a secure sovereign crypto reserve drawn from existing assets,” said Monica Jasuja, Chief Expansion and Innovation Officer at Emerging Payments Association Asia.

No Retail CBDC, Clearer Stablecoin Oversight

The group is expected to firmly reject the idea of a retail central bank digital currency (CBDC) due to privacy concerns. Instead, the U.S. will likely promote regulated USD-pegged stablecoins and outline new compliance standards for issuers.

A Step Toward Global Leadership

If the recommendations include a secure and strategic approach to holding crypto reserves, it may position the U.S. as a global leader in sovereign crypto infrastructure, analysts say.

“If done right, this report could deliver the kind of regulatory clarity that makes America the most attractive place for digital finance development,” said Jasuja.

The release of this report will follow a structured review timeline laid out by Trump’s executive order, requiring all agencies to submit input within 30, 60, and 180-day windows respectively.

@ Newshounds News™
Source: Decrypt

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Tether Eyes Return to U.S. Market Amid Stablecoin Regulatory Shift

Tether, the issuer of the world’s most traded stablecoin USDT, is making significant moves toward reentering the United States as the regulatory landscape for digital assets evolves.

In a new interview with Bloomberg Television, CEO Paolo Ardoino confirmed that Tether is “well in progress” with establishing a domestic strategy focused on payments, interbank settlements, and trading.

“We are in the process of building our U.S. presence, but our focus will remain on emerging markets,” Ardoino said Wednesday.

A Controversial Past, But Global Dominance

Tether was previously banned from operating in New York and paid nearly $60 million in 2021 to settle with both the New York Attorney General and the CFTC over misleading claims related to its reserves.

Despite this, Tether remains dominant, with USDT representing 70% of the stablecoin market as of Q1 2025. The company reported $149.28 billion in total assets and $143.68 billion in liabilities, according to its May attestation signed by BDO Italia SpA.

Tether has not yet undergone a formal audit by a Big Four firm, although Ardoino stated that conversations with auditors are ongoing.

U.S. Strategy and Compliance Challenges

Although Ardoino said Tether does not plan to go public, he reaffirmed that the company is working toward compliance with U.S. regulations. Tether's reserves are largely made up of compliant assets, but still include bitcoin and secured loans, which may not meet new U.S. regulatory standards.

In a May interview, Ardoino underscored the company’s broader mission:

“Our customer base is the 30 billion unbanked people who aren’t part of the traditional financial system.”

A New Dollar-Pegged Stablecoin Coming

Tether also plans to launch a new U.S. dollar-pegged stablecoin within a year, signaling an effort to align with the GENIUS Act and the new U.S. regulatory framework for stablecoins.

As the U.S. government shifts toward blockchain-based dollar issuance, Tether’s strategic return could reshape the stablecoin sector—especially if it can navigate compliance while maintaining its dominance in emerging economies.

@ Newshounds News™
Source: PYMNTS  

~~~~~~~~~

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