DINARRECAPS8 7/27/25 DINARRECAPS8 7/27/25

Seeds of Wisdom RV and Economic Updates Sunday Morning 7-27-25

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Trump Era Sparks Crypto Lobbying Boom: 27 Firms Make History With First-Time Filings

The U.S. crypto industry is rapidly mobilizing its political influence, with at least 27 companies and advocacy groups filing first-time federal lobbying disclosures in recent months. The shift, detailed in a new report by The Hill, marks an aggressive move by digital asset firms to help shape the future of regulation under a more favorable political environment.

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Trump Era Sparks Crypto Lobbying Boom: 27 Firms Make History With First-Time Filings

Lobbying Intensifies Amid Regulatory Momentum

According to the report, crypto newcomers—including firms in NFTs, prediction markets, and gaming—have poured nearly $2.8 million into lobbying efforts between April and June 2025. Their lobbying targets include the Treasury Department, Securities and Exchange Commission (SEC), and other key federal regulators.

In total, 73 crypto companies and associations were active in Washington during this period, spending a combined $11.4 million on lobbying.

Notably, Seychelles-based exchange KuCoin led all new participants, spending $1 million despite being barred from the U.S. market for at least two years due to prior regulatory violations.

Policy Wins: GENIUS and CLARITY Acts Lead the Way

The surge in political activity coincides with the passage of the GENIUS Act, a bipartisan bill establishing a federal framework for fiat-backed stablecoins. This legislation is viewed as a significant victory for the crypto lobby and has paved the way for further efforts.

The House has also advanced several additional bills during what some dubbed “crypto week,” including:

The CLARITY Act, offering a legal structure for broader crypto asset regulation.
An Anti-CBDC bill, which aims to prohibit the Federal Reserve from issuing its own central bank digital currency.

These developments reflect the industry’s shift from defensive regulatory positioning to proactive legislative engagement.

Beyond Bitcoin: Expanding Industry Footprint

Lobbying disclosures reveal a wide array of crypto use cases behind the push for favorable policy:

Bitdeer Technologies, focused on Bitcoin mining, is working to address energy and currency concerns.
Polymarket (operating as Blockratize) promotes crypto-based betting markets for real-world events.
Gala Games gained attention for sponsoring the White House’s Easter Egg Roll, positioning crypto gaming in the national spotlight.

The Solana Policy Institute’s CEO, Miller Whitehouse-Levine, emphasized that the challenge isn’t technological innovation—but navigating legacy legal frameworks.

“The pendulum has swung from one extreme to another,” Whitehouse-Levine said. “We need regulatory consistency that allows innovation to flourish without overcorrecting in either direction.”

Looking Ahead: Senate Holds the Key

The crypto sector is now lobbying the U.S. Senate to take up the CLARITY Act, which could solidify federal oversight and classification of crypto firms. Industry leaders are also backing continued restrictions on a federal CBDC, aligning with broader concerns about government-controlled digital currencies.

As the political climate continues to evolve, the Trump administration’s deregulatory stance has emboldened the industry. But advocates remain cautious, hoping to avoid the policy whiplash that defined earlier years.

The message from the crypto sector is clear: They’re here to shape the rules—before the rules shape them.

@ Newshounds News™
Source: bitcoinist.com

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Public Debt Donations Go Digital: U.S. Treasury Now Accepts Venmo and PayPal

In a notable intersection of consumer fintech and public finance, the U.S. Department of the Treasury has authorized citizens to contribute directly toward reducing the national debt using payment platforms Venmo and PayPal. The decision modernizes a decades-old initiative and reflects an evolving strategy in citizen engagement amid record-high federal debt levels.

A New Interface for an Old Program

The update comes under the “Gifts to Reduce the Public Debt” program, which has existed since 1996 but has gained little attention or traction. Since inception, the program has raised only $67.3 million—an amount that is negligible when compared to the current $36.7 trillion national debt.

According to the Treasury:

Citizens can now make voluntary debt-reduction donations via Pay.gov using PayPal or Venmo;
The debt has increased 87 percent since 2010, when it stood at $19.59 trillion;
The initiative aims to make public contributions more accessible, particularly for younger, tech-savvy users accustomed to mobile payment systems.

While the move brings convenience and visibility to a long-overlooked program, reactions from financial experts have been skeptical.

Samson Mow, CEO of bitcoin infrastructure firm JAN3, dismissed the measure as symbolic. "It's like sending bitcoin to a burn address," he remarked, suggesting the donations have no meaningful impact on fiscal sustainability.

Fiscal Policy in the Spotlight

The new donation pathway also comes as national debate intensifies over the fiscal implications of former President Donald Trump's proposed tax reform, dubbed the “Big, Beautiful Bill.” The Congressional Budget Office (CBO) projects the bill could add $3.4 trillion to the federal deficit over the next decade.

This trajectory has drawn strong criticism from both public figures and economists. Elon Musk has openly criticized the move to raise the debt ceiling by $5 trillion, while hedge fund manager Ray Dalio warned that the U.S. is on an unsustainable fiscal path.

“We are spending 40 percent more than our income,” Dalio said, warning of the risk of a “deadly debt spiral” if major reforms are not enacted. He estimates the probability of a “financial trauma” due to a loss of confidence in U.S. debt now exceeds 50 percent.

To stabilize the situation, he recommends cutting the deficit from nearly 7 percent of GDP to just 3 percent, through a combination of spending reductions and increased tax revenues.

Government Response and Revenue Projections

Treasury Secretary Scott Bessent, in contrast, has taken a more optimistic tone. He asserts that Trump’s fiscal plan will produce net benefits over the long term, particularly due to new tariffs projected to raise $2.8 trillion over the next ten years. He also claimed that customs duties could bring in $300 billion this year alone—nearly 1 percent of GDP—and cited a reported budget surplus in June as evidence of positive momentum.

Nonetheless, the fundamental structural challenges remain. While enabling Venmo and PayPal donations is a notable technological step, it does little to address the deeper issues shaping the country’s fiscal trajectory: rising entitlement costs, political polarization, and diminishing global confidence in the U.S. dollar’s primacy.

As the national debt continues to grow and the world watches U.S. fiscal policy evolve, the core issue is no longer whether the debt is sustainable—but how much longer it can be sustained.

@ Newshounds News™
Source: CoinTribune

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HKMA Signals Caution on Stablecoin Licensing Amid Market Euphoria

As Hong Kong's new stablecoin legislation is set to come into effect on August 1, the Hong Kong Monetary Authority (HKMA) is moving to temper industry expectations. Amid a surge of interest from firms eager to enter the stablecoin market, HKMA CEO Eddie Yue has cautioned that only a small number of licenses will be granted initially—and that even licensed entities will face stringent compliance burdens.

Stablecoin Rules Take Effect as Market Activity Surges

The legislation, passed in May, has already triggered a spike in stock prices and token valuations following announcements from various firms with stablecoin ambitions. However, the HKMA is taking steps to curb what it sees as excessive optimism and speculative behavior.

Eddie Yue warned of the need to “further rein in the euphoria,” emphasizing that:

Only a limited number of stablecoin licenses will be issued at the outset;
Most applicants are likely to be disappointed;
Priority may be given to firms already involved in the HKMA’s Stablecoin Sandbox.

Participants in the sandbox include notable entities such as a consortium led by Standard Chartered, JD Coinlink (a subsidiary of Chinese e-commerce giant JD.com), and RD InnoTech. However, Yue made it clear that even priority status does not guarantee approval.

Profitability, Scaling, and Compliance Challenges

Yue also cast doubt on the immediate profitability of early stablecoin ventures. This is partly due to the impending rollout of robust anti-money laundering (AML) regulations, which are expected to go live alongside the licensing framework next week.

In his view:

The new rules will introduce “stringent regulatory requirements”;
These rules will “inevitably limit the room for stablecoin businesses to scale rapidly in the short term”;
Discussions around stablecoins often remain “idealistic,” lacking concrete, commercially viable use cases.

Yue noted that dozens of companies have contacted the HKMA to discuss stablecoin initiatives. Yet most of the proposals remain conceptual, lacking technical depth and clear risk management strategies. Some firms, he observed, might benefit from partnering with more experienced entities to navigate the complex regulatory landscape.

Licensing Process to Launch in August

The HKMA is expected to formally unveil its stablecoin license application process next week. While Hong Kong’s regulatory approach is seen as a step forward in establishing clear digital asset frameworks, the cautious tone from regulators underscores the city's emphasis on compliance, risk control, and market stability.

As firms continue to explore the stablecoin space, Hong Kong’s measured rollout signals a deliberate effort to foster innovation—without compromising the integrity of the financial system.

@ Newshounds News™
Source: Ledger Insights

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“Tidbits From TNT” Saturday 7-26-2025

TNT:

Tishwash: Secret meeting in Istanbul: Washington threatens new financial sanctions on Iraq

An informed source revealed to Al-Mustaqilla that an unannounced meeting was held in Istanbul in recent days, bringing together the Assistant Chairman of the US Federal Reserve and a high-ranking delegation from the Central Bank of Iraq. The source stated that the meeting came at the urgent invitation of the US to discuss critical developments in the file of financial transfers and Iraqi banking transactions.

According to the source, the US side informed the Iraqi delegation that new financial sanctions are under preparation, to be imposed on a number of Iraqi banks and financial institutions, due to what the US side described as "continued violations" in international transfer systems and the failure of some Iraqi entities to comply with international guidelines to combat money laundering and terrorist financing.

TNT:

Tishwash: Secret meeting in Istanbul: Washington threatens new financial sanctions on Iraq

Direct warnings

The source indicated that the Iraqi delegation received direct warnings of the possibility of freezing additional assets and imposing restrictions on dollar accounts if urgent measures are not taken to regulate the Iraqi financial system and prevent suspicious flows through some Iraqi banks and companies.

A new crisis is looming

These developments come amid escalating tensions between Baghdad and Washington over economic and security issues, most notably restrictions on dollar transfers and US accusations against some Iraqi entities of dealing with entities on sanctions lists.

Observers believe that the new sanctions, if implemented, will deal a severe blow to the Iraqi banking system and could lead to a further deterioration in the value of the dinar and increased pressure on the local market at a time when the Central Bank of Iraq is trying to revive investor confidence and stabilize the exchange rate.

No official comment yet

As of the time of writing this report, no official comment has been issued by the Central Bank of Iraq or the US Embassy in Baghdad regarding the content of the meeting or the content of the warnings contained therein link

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Tishwash: Iraq's Ambassador to the UAE: The government's engagement in international partnerships strengthens its presence in the energy future.

Iraqi Ambassador to the United Arab Emirates, Muzaffar Al-Jubouri, affirmed today, Thursday, that Iraq's engagement in international partnerships strengthens its presence in the energy future, noting that the Energy Readiness Report highlights the promising opportunities that Iraq possesses and its position in the regional and international arena, and represents a turning point towards a sustainable energy future .

Al-Jubouri said during the conference to deliver the comprehensive report on the "Energy Transition Assessment in Iraq," which was attended by the correspondent of the Iraqi News Agency (INA): "The launch of the Iraq Energy Readiness Report represents the fruit of national efforts and close cooperation with the International Renewable Energy Agency (IRENA), to which we express our deep appreciation, both government and experts, for the technical, technical and cognitive support they provided throughout the preparation of this important report, as the energy sector is a fundamental pillar of economic and social development, a key axis for industrial and agricultural growth, and the provision of basic services to citizens ."

He added, "The Energy Readiness Report highlights strengths and challenges and provides realistic recommendations for improving performance and developing the energy sector in Iraq. In this context, integrating renewable energy into the national system is a strategic option to address significant waste, enhance production efficiency, and reduce emissions. Renewable energy technologies emerge as a practical and economic alternative that provides reliable solutions to secure supplies and enhance energy security. It embodies close cooperation with the International Renewable Energy Agency (IRENA)," stressing "Iraq's commitment to moving forward on this path in accordance with a development vision that takes into account national interests and enhances its positive engagement in regional and international partnerships ."

He continued: "Iraq's efforts to launch this report began in 2018, and since joining the Iraqi ambassador to the United Arab Emirates in 2021, one of our primary goals has been to closely follow up with relevant authorities to complete it in a way that reflects Iraq's energy landscape and paves the way for a clear strategic vision for energy transformation."

He pointed out that "the Energy Readiness Report represents a milestone in Iraq's path toward a sustainable energy future, as it highlights the extent of the structural challenges facing the national energy system, such as the large gap between production and demand, high technical losses exceeding 50 percent, and the declining contribution of renewable energy, which still represents 2 percent of the primary energy mix ."

Al-Jubouri explained that "the report highlighted the promising opportunities that Iraq possesses, including the abundance of natural resources and the interest of international partners. Iraq has already begun taking strategic steps, represented by the signing of important investment contracts with international and national companies, including Total Energy, Power China, and Acwa Power, in addition to construction and development projects with the Emirati company Masdar, which represent an important addition to the national energy mix."

He explained that "the most prominent feature of this report is its ability to chart a practical path towards a balanced energy future based on sustainability, economic sovereignty, and diversity, linking Iraq's development goals with global transformation paths, thus consolidating its pivotal position in the regional energy landscape and strengthening its presence in maintaining a sustainable energy future at the regional level." He pointed out that "Iraq's engagement in international partnerships strengthens its presence in the energy future ."

He pointed out that "we view this report as a real starting point for a new phase of institutional work in the energy sector, enhancing Iraq's ability to invest its resources and achieve its national aspirations for sustainable development as a first step toward building a future that meets the aspirations of our people and enhances Iraq's position on the national, regional, and international scene ."

Yesterday, Prime Minister Mohammed Shia al-Sudani received the Director-General of the International Renewable Energy Agency, Mr. Francesco La Camera .

During the meeting, according to the statement, the assessment report on the energy transition in Iraq, prepared by the agency in cooperation with Iraqi sectoral bodies, was reviewed. The report serves as a source for identifying national priorities in the field of renewable energy and energy efficiency, and will be launched soon . link

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Tishwash: Defense: Iraq will look different after 100 days

Political advisor Ahmed Talib Al-Difai said on Thursday that Iraq will emerge differently after the parliamentary elections, which are only 100 days away.

Al-Difai said in a statement received by Al-Maalouma Agency, “These elections will produce a new political mentality in Iraq, completely different from the previous ones, in terms of political engagement, which will move from the box of competition for power to the space of construction, development, and the exploitation and maximization of the country’s financial resources.”

He explained that "developments in the regional arena will have clear repercussions on the next parliament, which will be the culmination of the efforts made by previous sessions and the governments that emerged from them, by dealing with them with more realism and rationality, sparing Iraq from all the conflicts taking place in the region."

He pointed out that "after 100 days, the Iraqi citizen will have the upper hand in determining Iraq's fate, and he will be worthy of this task after proving his awareness and concern for his country, which will be at the top of the pyramid of development in the region if its capabilities and resources are exploited."

He stressed that "the next political generation that will be born after 100 days will be the foundation for a new phase from which all youthful energies will launch, carrying new ideas and projects that will place Iraq among the countries of the region."

He stressed the necessity that "the Iraqi citizen, on whose keenness we rely, chooses his correct future by going out after 100 days to choose his representatives and preserves the gains of the political system, the most important pillar of which is the peaceful transfer of power in an atmosphere of expressing opinions." link

Mot: . well -- DoYa Knows??? -- Knot Sure!!!!

Mot: Things That Keep Me Up at Night !!!!!

DINARRECAPS8 7/26/25 DINARRECAPS8 7/26/25

Iraq Economic News and Points To Ponder Saturday Afternoon 7-26-25

More Than 24 Billion Dinars In Fines Imposed On Banks And Financial Companies In Iraq.

Local The Central Bank of Iraq announced on Saturday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 24 billion Iraqi dinars over the past three months.

A table issued by the bank showed that fines imposed on banks and financial companies during the past three months, starting in April and ending in June, amounted to 24 billion, 942 million, 377 thousand, and 239 dinars, a decrease compared to the first three months of the current year, when penalties amounted to 41 billion, 268 million, 578 thousand, and 75 dinars.

She explained that "the fines also included 23 administrative penalties for these banks and non-banking institutions, distributed between warnings, notices, and grace periods."

The table showed that "April saw the highest fines on banks and non-financial institutions, amounting to 9 billion, 862 million, 848 thousand, and 520 dinars, with 12 administrative penalties, while June saw the lowest fines, amounting to 6 billion, 202 million, 501 thousand, and 325 dinars, with 3 administrative penalties." The table did not show the names of the banks that were subject to fines and administrative penalties. 64 views 07/26/2025 - https://economy-news.net/content.php?id=57917

Gold Declines As Dollar Recovers

Stock Exchange Gold prices fell in trading on Friday, July 25, affected by a recovering dollar and signs of progress in trade negotiations between the United States and the European Union, which reduced demand for safe havens.

Spot gold fell 1% to $3,335.45 per ounce, but remains up about 0.4% since the beginning of the week. US gold futures also fell 0.8% to $3,345.20.

The dollar index recovered from its lowest level in more than two weeks, making the precious metal more expensive for holders of other currencies, while benchmark 10-year US Treasury yields rose.

"The agreement reached by Japan is significant, and there is hope for a deal between the US and the EU before the August 1 deadline. This weakens demand for safe havens, as increased risk appetite pushes capital towards riskier assets," said Peter Grant, vice president and senior metals analyst at Zaner Metals.

Two European diplomats reported that the United States and the European Union are close to concluding a trade agreement that could include imposing a general 15% tariff on European goods, following Washington's agreement with Japan.

The S&P 500 and Nasdaq hit new record highs on Thursday, as investors' risk appetite improved amid signs of easing trade tensions.

US data showed an unexpected drop in unemployment claims last week, indicating a stable labor market despite a slowdown in hiring.

The Federal Reserve is expected to keep interest rates unchanged at its meeting on July 29 and 30, while markets are pricing in a rate cut in September. Other precious metals performance:

Silver fell 0.4% to $38.91 per ounce, heading for a weekly gain of 2%.
Platinum fell 1.6% to $1,229.94. Palladium rose 0.9% to $1,238.73. https://economy-news.net/content.php?id=57878

Government Advisor: Baghdad's Global Gold City Project Will Contribute To Diversifying Income

Economy | 02:50 - 07/26/2025 Mawazine News - Baghdad - The Financial Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Saturday, that the International Gold City project in Baghdad will contribute to diversifying income and shifting from consumption to production and export.

Salih said in a statement to the official agency, followed by Mawazine News, that "the International Gold City in Baghdad is a development platform for maximizing value and stimulating the economy, as the International Gold City project in Baghdad represents a qualitative shift in Iraq's economic vision."

He indicated that "the project is not limited to aesthetic or commercial dimensions, but rather is a strategic development engine within the framework of a national approach that includes diversifying sources of income and strengthening Iraq's position in regional value chains, especially in highly profitable handicraft industries."

He explained that "the Ministerial Council for the Economy recently approved the project, as an initiative aimed at transforming the capital, Baghdad, into a regional center for the gold and jewelry industry and trade, based on Iraq's pivotal geographical location and rich historical legacy in handicrafts and precious metals."

He added, "The city will host goldsmith factories, advanced production workshops, marketing and vocational training centers, as well as specialized laboratories for testing gold and precious metals and ensuring their quality. This will contribute to regulating the market, governing trade exchange, and protecting national wealth from smuggling and loss of value."

He revealed that, "The project is expected to be established in the capital, Baghdad, in an area close to commercial and industrial activity centers, ensuring effective logistical connectivity and serving local and regional investment and distribution. The project also represents a unique opportunity to employ thousands of young Iraqis, especially skilled craftsmen, by providing sustainable job opportunities in a promising sector."

He continued, "The project will enable Iraq to transform from a mere gold consumer market to a value-added production and export center. In addition, the project is a strategic step towards reducing dependence on oil and diversifying the national production base by investing in the latent potential of small and medium-sized industries with a craft and cultural character, linked to deep cultural roots."

He pointed out that "the Global Gold City project falls within the framework of the Iraqi government's vision and economic program to stimulate the private sector, stimulate local manufacturing, and integrate the Iraqi economy with its regional and international environment, thus enhancing financial stability and generating new sources of income based on knowledge, creativity, and craftsmanship." https://www.mawazin.net/Details.aspx?jimare=264261

Slight Weekly Losses For Basra Crude

Energy Economy News – Baghdad Basra Heavy and Medium crude prices recorded a slight weekly loss.

The prices are as follows: Basra Heavy crude closed the last session on Friday up 57 cents to $67.43, but recorded a weekly loss of 4 cents, or 0.06%.

Basra Medium crude closed at a similar high of 57 cents, reaching $70.48, but it also recorded a weekly loss of 4 cents, or 0.06%. 95 views 07/26/2025 -https://economy-news.net/content.php?id=57899

Ministry Of Planning: Monthly And Annual Inflation Rates Declined Last Month.

Saturday, July 26, 2025 | Economic Number of reads: 246 Baghdad / NINA / The Ministry of Planning announced, on Saturday, a decline in monthly and annual inflation rates during the month of June.

The official spokesperson for the ministry, Abdul Zahra Al-Hindawi, said in a statement: “The teams of the General Authority for Statistics and Geographic Information Systems, through their field visits to all Iraqi governorates, to monitor price changes in the main markets at the district level, recorded a decrease in the monthly inflation rate by 1.2% compared to last May, while the annual inflation rate recorded a decrease of 0.6% compared to June 2024.

The ministry attributed this decrease to a decline in the prices of a number of main sections, as the food and non-alcoholic beverages section recorded a decrease of 1.7%, the tobacco section by 2.1%, while the prices of the clothing and footwear section increased slightly by 0.1%.

The housing section also decreased by 2.1%, while the household equipment and furnishings, health, and education sections maintained their levels unchanged compared to May.

The transportation section recorded a decrease of 0.6%, while the prices of the entertainment and culture section increased by 0.9%, and the restaurants and hotels section witnessed a slight decrease of 0.1%, while the prices of the goods section increased.” and miscellaneous services by 0.4%.

Al-Hindawi added that the annual core inflation rate—which is calculated after excluding items with volatile prices, namely the fruits and vegetables group within the food and non-alcoholic beverages section, and oil and cooking gas within the housing and water section—also recorded a decline of 0.7%./End https://ninanews.com/Website/News/Details?key=1242989

Gold Prices Fall In Baghdad And Erbil

July 26, 2025 Baghdad/Erbil - Al-Zaman Foreign and Iraqi gold prices fell on Saturday in local markets in Baghdad and Erbil, the capital of the Kurdistan Region.

Gold prices in Baghdad's wholesale markets on al-Nahr Street this morning recorded a selling price of 650,000 dinars per mithqal of 21-karat Gulf, Turkish, and European gold, while the buying price reached 646,000 dinars, compared to 657,000 dinars last Thursday.

The selling price of one mithqal of 21-karat Iraqi gold reached 630,000 dinars, and the buying price was 626,000 dinars.

In goldsmith shops, the selling price of a 21-karat Gulf gold mithqal ranged between 650,000 and 660,000 dinars, while the selling price of an Iraqi gold mithqal ranged between 630,000 and 640,000 dinars.

In Erbil, gold prices also declined, with the selling price of 22-karat gold reaching approximately 683,000 dinars, 21-karat gold reaching approximately 652,000 dinars, and 18-karat gold reaching 558,000 dinars. LINK

The Dollar Fell Against The Dinar In Baghdad And Erbil.

Stock Exchange

The dollar price fell in the markets of Baghdad and Erbil on Saturday, as the stock exchanges closed at the beginning of the week.

The dollar exchange rate fell at the close of trading on the Al-Kifah and Al-Harithiya stock exchanges, reaching 139,200 Iraqi dinars per $100. This morning, it was trading at 139,500 dinars per $100.

Selling prices at exchange offices in Baghdad's local markets declined, with the selling price reaching 140,250 Iraqi dinars for $100, while the buying price reached 138,250 Iraqi dinars for $100.

In Erbil, the dollar also fell, with the selling price reaching 139,000 dinars per $100 and the buying price reaching 138,850 dinars per $100. https://economy-news.net/content.php?id=57918

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

DINARRECAPS8 7/26/25 DINARRECAPS8 7/26/25

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 7-26-25

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India Backs Away From BRICS Currency, Reinforces Commitment to the US Dollar

• India’s central bank dismisses BRICS currency progress, calls the USD indispensable.
• Comments seen as a strategic pivot to secure U.S. trade ties and avoid Trump’s proposed tariffs.
• India balances rupee promotion with firm support for the existing dollar-based global system.

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India Backs Away From BRICS Currency, Reinforces Commitment to the US Dollar

RBI Governor Rejects BRICS Currency Momentum

In a pointed departure from the BRICS de-dollarization agenda, India’s Reserve Bank Governor Sanjay Malhotra downplayed the viability of a shared BRICS currency, while openly affirming the enduring dominance of the U.S. dollar in global trade.

“As of now, there is not much work happening on a BRICS currency,” Malhotra said in an interview with The Times of India, noting that the dollar remains an “universal cross-border currency” that is not going away anytime soon.

His remarks, delivered just days after the BRICS 2025 Summit, signal a significant policy stance from one of the group’s most influential economies.

India Distances Itself From De-Dollarization Push

The RBI’s public comments come at a time when China and Russia have aggressively promoted local-currency trade and alternatives to the dollar—moves interpreted by Western analysts as an effort to weaken U.S. financial hegemony.

India, however, appears to be taking a moderated position:

Promoting local currency trade, particularly the rupee,
Avoiding full-scale de-dollarization,
And differentiating its policy from China’s yuan-based ambitions.

“It takes years, it takes decades for local currencies to gain popularity,” Malhotra said. “The dollar is going to be here for a longish time.”

Geopolitical Timing: India Shields Itself From Tariffs

Observers suggest India’s rhetoric is partly aimed at avoiding U.S. tariff threats from former President Donald Trump, who has openly warned countries against abandoning the dollar.

Following the BRICS summit, Trump imposed 50% tariffs on Brazilian goods, signaling a willingness to punish BRICS members seen as challenging U.S. financial dominance. India’s pivot, therefore, may be designed to keep U.S. trade ties intact and protect its export economy.

“India is seeking to dodge Trump’s tariffs,” Bloomberg reported. “Officials in New Delhi are informing U.S. authorities that they do not intend to undermine the greenback.”

ternal Balancing Act: Rupee Promotion Without De-Dollarization

While distancing itself from a BRICS reserve currency, India remains open to settling bilateral trade in local currencies, especially in deals with South Asia, Africa, and parts of the Middle East. This approach boosts rupee internationalization without directly challenging the dollar-based system.

The strategy:

Encourages regional economic integration,
Supports domestic growth targets,
Avoids confrontation with the U.S.

India's dual approach allows it to remain a BRICS member while maintaining trade and diplomatic alignment with Washington.

U.S.–India Trade Alliance: A Strategic Priority

The pivot appears to be paying dividends diplomatically. U.S. Vice President J.D. Vance recently praised India’s economic growth and partnership potential:

“The fate of the 21st century is going to be determined by the strength of the United States and India partnership.”

Meanwhile, Indian negotiators are continuing dialogues on trade concessions with the U.S., signaling that New Delhi sees long-term opportunity in siding with the dollar-based system rather than challenging it via the BRICS framework.

Conclusion: India Reshapes BRICS Alignment for Strategic Gains

India’s decision to publicly downplay the BRICS currency and support the U.S. dollar is more than a monetary policy signal—it’s a geopolitical maneuver. In distancing itself from the yuan-led de-dollarization campaign, India is protecting trade access, strengthening bilateral ties, and securing its place in the evolving U.S.-led financial order.

With Trump’s tariff policy back in motion and tensions within BRICS growing, New Delhi is reasserting its independence—not by exiting the bloc, but by choosing balance over confrontation.

@ Newshounds News™
Source: Watcher.Guru

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DINARRECAPS8 7/26/25 DINARRECAPS8 7/26/25

Iraq Economic News and Points To Ponder Saturday Morning 7-26-25

Iraq Exports Nearly 100 Million Barrels Of Oil In A Month

Economy | 02:33 - 07/25/2025 Mawazine News – Baghdad The Ministry of Oil announced the total oil exports and revenues achieved for last June. The Ministry stated, in a statement received by Mawazine News, that “the quantity of crude oil exports amounted to (98) million and (882) thousand and (613) barrels (ninety-eight million and eight hundred and eighty-two thousand and six hundred and thirteen barrels).”

Iraq Exports Nearly 100 Million Barrels Of Oil In A Month

It added, “The revenues amounted to more than (6) billion and (698) million and (21) thousand dollars (six billion and six hundred and ninety-eight million and twenty-one thousand dollars).”

The statistics indicated that, “the total quantities of crude oil exported for the month of last June from the oil fields in central and southern Iraq amounted to (97) million and (718) thousand and (994) barrels, while exports from the Qayyarah field were (946) thousand and (741) barrels, while the quantity of exports to Jordan amounted to (216) thousand and (878) barrels.”
https://www.mawazin.net/Details.aspx?jimare=264215

Black Gold Prices Rise Globally

Economy | 11:43 - 07/25/2025 Mawazine News - Follow-up Oil prices rose on Friday as optimism over trade talks supported the outlook for the global economy and oil demand, overshadowing news of possible increased oil supplies from Venezuela.

US West Texas Intermediate (WTI) crude futures for September delivery rose 0.87% to $65.82 a barrel, while global Brent crude futures for the same month rose 0.79% to $69.05 a barrel. https://www.mawazin.net/Details.aspx?jimare=264212

Iraq Secures All Internal Oil Pipelines.

Energy Economy News – Baghdad The Ministry of Interior's Energy Police Directorate confirmed on Friday that all oil pipelines inside Iraq have been secured, while explaining the use of advanced technologies to monitor them.

Director General of the Energy Police Directorate, Dhafer Al-Hussaini, said, "The oil derivatives transport lines are fully secured from south to north."

He added that "all oil pipelines are protected by patrols and ambushes, in addition to the presence of thermal cameras and drones used to enhance protection," stressing that "oil is secure throughout Iraqi territory."

The Energy Police Directorate previously announced the adoption of strict new measures to monitor the movement of petroleum tankers, noting that tracking devices have been installed on 80% of the tankers.

The directorate's director general, Major General Dhafer Al-Hussaini, said, "The Energy Police, in cooperation with the Ministry of Oil, have begun implementing a container tracking system. This is a modern technical procedure that involves installing a tracking device in each tanker. This device is linked to a special program supervised by an operations room at the Ministry of Oil. This program has also been provided to checkpoints spread throughout Iraq."

He added, "The new system allows users to identify the location of the tanker's loading, the condition of the container, the vehicle's route, and all related information, which has significantly contributed to accelerating and facilitating audit procedures and preventing forgery or tampering with documents."

He pointed out that "approximately 80% of tankers in Iraq, both private and government, have been fitted with tracking devices, while 10% have completed their procedures and are awaiting their turn to have the device installed. The remaining percentage is in the process of completing the procedures." https://economy-news.net/content.php?id=57866

Iraqi Ports Introduce Fifth-Generation Equipment To Enhance Operational Efficiency.

Money and Business Economy News – Baghdad The General Company for Iraqi Ports announced on Friday the introduction of a new set of advanced "fifth generation" equipment aimed at increasing operational efficiency and accelerating container handling operations.

The company's general manager, Farhan Al-Fartousi, said, "Iraqi Ports has received 14 advanced cranes, including four gantry cranes and ten RTG (rubber-tyre cranes), all of which are dedicated to container handling operations within the port yards."

He added, "The new equipment was manufactured by the Chinese company ZBMC, according to the highest international technical specifications. It features the ability to operate within smart communications systems that contribute to accelerating performance by operating automatically without human intervention, significantly reducing handling time."

Al-Fartousi explained that "the introduction of this technology represents a qualitative shift in the work of Iraqi ports, contributing to achieving unprecedented operational efficiency and enhancing Iraq's ability to compete in the maritime transport and logistics sector." https://economy-news.net/content.php?id=57857

Government Measures To Reduce Unfair Competition And Support Local Industry

Money and Business Economy News – Baghdad The Ministry of Commerce announced on Friday government measures to reduce unfair competition and support local industry.

Ministry spokesman Mohammed Hanoun said, "The government is working to re-evaluate previous decisions related to protecting local products, by reviewing customs duties imposed on imported goods and updating the reference prices used in customs valuation."

He explained that "the aim of this measure is to ensure that customs tariffs are consistent with current economic realities and to enhance the protection of local products from unfair competition, particularly from imported goods that are cheap or subsidized in their countries of origin."

He added, "The decision to review the assessment of customs duties imposed on imported goods will directly contribute to supporting local production by reducing unfair competition, increasing the competitiveness of national products in the Iraqi market, and encouraging local industrial and agricultural investment."

He pointed out that "the measures typically include goods that have a locally produced equivalent within Iraq, such as processed food, agricultural products, electrical and household goods, building materials, clothing, and textiles," noting that "goods that are unavailable or not sufficiently produced locally will not be included in these measures."

Regarding achieving a balance between protecting local products and ensuring consumer interests, Hanoun emphasized that "this will be achieved by imposing carefully considered customs duties that do not significantly raise prices for consumers, adopting updated and fair pricing for goods, supporting local production quality and efficiency, and strictly monitoring markets to prevent manipulation and monopoly."

He pointed out that "the measure will also help curb the smuggling of goods by unifying fees and pricing to reduce the incentives for smuggling, tightening controls at border crossings based on reference prices, and using electronic systems to match shipments, in addition to enhancing cooperation between customs and security and intelligence agencies."

The Council of Ministers had approved in its last session the imposition of an additional customs duty of (40%) of the value of the unit of measurement of the imported product, adhesives for tiles and ceramics, from all sources, for a period of 4 years, and monitoring the local market during the application to verify the impact, and the General Authority of Customs shall apply the additional customs duty for the aforementioned product and notify the Ministry of Industry and Minerals periodically about the quantity of imports, and the decision shall be implemented 120 days after its issuance.
85 views Added 07/25/2025 - 2:27 PM https://economy-news.net/content.php?id=57861

Gold Declines As Dollar Recovers

Stock Exchange Gold prices fell in trading on Friday, July 25, affected by a recovering dollar and signs of progress in trade negotiations between the United States and the European Union, which reduced demand for safe havens.

Spot gold fell 1% to $3,335.45 per ounce, but remains up about 0.4% since the beginning of the week. US gold futures also fell 0.8% to $3,345.20.

The dollar index recovered from its lowest level in more than two weeks, making the precious metal more expensive for holders of other currencies, while benchmark 10-year US Treasury yields rose.

"The agreement reached by Japan is significant, and there is hope for a deal between the US and the EU before the August 1 deadline. This weakens demand for safe havens, as increased risk appetite pushes capital towards riskier assets," said Peter Grant, vice president and senior metals analyst at Zaner Metals.

Two European diplomats reported that the United States and the European Union are close to concluding a trade agreement that could include imposing a general 15% tariff on European goods, following Washington's agreement with Japan.

The S&P 500 and Nasdaq hit new record highs on Thursday, as investors' risk appetite improved amid signs of easing trade tensions. US data showed an unexpected drop in unemployment claims last week, indicating a stable labor market despite a slowdown in hiring.

The Federal Reserve is expected to keep interest rates unchanged at its meeting on July 29 and 30, while markets are pricing in a rate cut in September. Other precious metals performance:

Silver fell 0.4% to $38.91 per ounce, heading for a weekly gain of 2%.
Platinum fell 1.6% to $1,229.94. Palladium rose 0.9% to $1,238.73. https://economy-news.net/content.php?id=57878

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DINARRECAPS8 7/26/25 DINARRECAPS8 7/26/25

Seeds of Wisdom RV and Economic Updates Saturday Morning 7-26-25

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Stablecoin Supply Rises by $4B Amid New U.S. Legislation

• Over $4 billion in new stablecoin supply entered circulation in the week following passage of the GENIUS Act.
• Wall Street firms and federally chartered crypto banks are launching compliant fiat-backed stablecoins.
• The U.S. now has a legal framework supporting dollar-pegged digital assets for institutional use.

Good Morning Dinar Recaps,

Stablecoin Supply Rises by $4B Amid New U.S. Legislation

GENIUS Act Sparks Institutional-Grade Stablecoin Boom

Just days after the United States passed its first comprehensive crypto legislation, the stablecoin market cap surged by more than $4 billion, signaling a pivotal moment in the evolution of digital finance.

The GENIUS Act, signed into law on July 18, establishes a federal framework for fiat-backed stablecoins, giving banks, asset managers, and fintech firms long-awaited legal clarity to enter the space.

For an asset class long mired in regulatory uncertainty—split between SEC scrutiny, CFTC jurisdictional claims, and stalled congressional action—this new law offers a decisive greenlight.

What the GENIUS Act Delivers

The legislation sets clear rules for fiat-backed stablecoin issuers, including:

1:1 reserve requirements
Mandatory independent audits
Proper licensing under federal standards

The framework was crafted to protect consumers while providing institutional legitimacy—and early signs show the strategy is working.

Anchorage, WisdomTree, and Wall Street Move In

In the immediate aftermath of the bill’s passage:

Anchorage Digital, the U.S.’s only federally chartered crypto bank, announced a new stablecoin issuance platform in partnership with Ethena Labs. Their upcoming product, USDtb, will fully comply with GENIUS Act standards.
WisdomTree, a $100B Wall Street asset manager, unveiled USDW, a fiat-backed stablecoin supporting dividend-paying tokenized assets. This makes WisdomTree one of the first traditional financial firms to deploy a regulated stablecoin.
Bank of America, JPMorgan, and Citigroup have publicly confirmed they are exploring their own GENIUS Act-compliant stablecoins, a sign of mainstream adoption accelerating.

Fiat-Backed Stablecoins Dominate the Market

The new legislation focuses exclusively on fiat-collateralized stablecoins, which currently represent 85% of the market.

Tether (USDT) and Circle’s USDC remain the two largest players, with a combined market cap exceeding $227 billion.

Unlike algorithmic stablecoins—which lost credibility following Terra’s 2022 collapse—fiat-backed tokens are backed by dollars and U.S. Treasurys, offering a much more stable profile for institutional investors.

Crypto-backed coins like DAI, collateralized by assets such as ETH, continue to operate but play a much smaller role (DAI’s market cap stands at approximately $4.3 billion).

Stablecoins Go Institutional

The $4 billion expansion is not just a market reaction—it’s a structural shift.

Stablecoins are no longer niche crypto products. They’re rapidly evolving into infrastructure-grade instruments used in:

Dividend distribution
Cross-border settlement
Tokenized asset platforms
Potential integrations with central banks and government systems

Perhaps most importantly, they now enjoy bipartisan support in Congress, transforming a volatile regulatory risk into a national innovation agenda.

Conclusion: A Regulated Future for Digital Dollars

The GENIUS Act represents a major turning point in U.S. crypto policy. For the first time, fiat-backed digital dollars have a federal legal foundation.

With Wall Street entering the market, banks deploying on-chain assets, and startups building compliant platforms, the stablecoin ecosystem is entering a new era—regulated, integrated, and institutional.

@ Newshounds News™
Source: CoinTribune

~~~~~~~~~

El Salvador’s Bitcoin Reserve Fails to Benefit Average Citizens, Says NGO Executive

• Bitcoin is no longer legal tender in El Salvador under IMF agreement terms.
• State-led BTC education efforts have disappeared, according to grassroots NGOs.
• The country’s Bitcoin accumulation strategy may serve government holdings, not public use.

Bitcoin’s Legal Status Quietly Repealed Under IMF Loan Terms

El Salvador’s once-celebrated Bitcoin experiment is under scrutiny again after local nonprofit leaders confirmed that recent policy shifts have removed Bitcoin’s legal tender status—placing its benefits out of reach for the general population.

Quentin Ehrenmann, general manager at My First Bitcoin, a local NGO focused on Bitcoin education, told Reuters that state-backed initiatives to promote Bitcoin have stalled. The shift came after the government signed a loan agreement with the International Monetary Fund (IMF), which required El Salvador to scale back its crypto agenda.

“Since the government entered into this contract with the IMF, Bitcoin is no longer legal tender, and we haven't seen any other effort to educate people,” Ehrenmann explained.
“The government, apparently, continues to accumulate Bitcoin, which is beneficial for the government — it's not directly good for the people.”

IMF Loan Terms Restrict Bitcoin Purchases and Public Involvement

In addition to repealing the legal tender status of Bitcoin in the public sector, the El Salvadoran government also agreed not to purchase any new Bitcoin, a condition confirmed by a recent IMF report.

That finding directly contradicts statements from El Salvador’s Bitcoin Office, which has repeatedly claimed that the country is buying BTC on a daily basis.

In January, the legislature moved to roll back public sector involvement in Bitcoin to remain compliant with the IMF’s financing terms—raising questions about whether El Salvador’s historic crypto-first policy has ended in failure or simply transitioned into a more private, government-controlled strategy.

NGOs and Foreign Journalists Paint a Contrasting Picture on the Ground

Despite the government’s crypto retreat, some Salvadorans and visiting journalists have continued to test Bitcoin’s use in everyday life.

In 2023, Cointelegraph correspondent Joe Hall visited El Salvador and successfully paid for a hostel stay using IBEX Pay, a Bitcoin Lightning Network-based merchant solution. This demonstrates that Bitcoin infrastructure still exists, but adoption is increasingly dependent on private payment providers and NGOs, not state support.

Conclusion: Bitcoin for the State, Not the People?

El Salvador once made global headlines as the first nation to adopt Bitcoin as legal tender. But that symbolic move has been quietly reversed under the financial oversight of the IMF.

While the government continues to hold Bitcoin on its balance sheet, the public-facing infrastructure, education programs, and legal framework have receded. That shift has drawn criticism from NGOs and observers who argue that the original promise of financial inclusion through Bitcoin is fading.

With IMF loan compliance now a priority, El Salvador’s crypto strategy appears more centralized, opaque, and removed from public benefit—raising doubts about whether the bold experiment will continue to serve the population it once aimed to empower.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

How IOTA Is Quietly Solving the Real Problem in Global Trade with Real-Time Transparency and Feeless Transfers

• IOTA enables real-time customs checks and tamper-proof trade data across borders.
• East African pilot projects cut costs by 30% and sped up exports for smaller traders.
• Feeless architecture and digital audit trails reduce delays, eliminate friction, and increase trust.

The Hidden Bottleneck in Trade: Operational Friction, Not Fraud

Despite decades of technological progress, global trade remains encumbered by slow, fragmented, and paper-based systems. The real challenge isn’t fraud—but friction: missing documentation, slow approvals, and limited transparency.

IOTA, a feeless distributed ledger protocol, is addressing this challenge head-on. Its decentralized infrastructure is now powering real-time trade transparency and instant customs verification—eliminating weeks of delay with a system that charges no fees to participants.

“While others chase speculative hype, IOTA is laying the infrastructure that makes tokenized trade and compliant DePIN a reality,” one user commented on X.

Pilot Programs Deliver Tangible Results in East Africa

Early-stage deployments of IOTA’s Trade and Logistics Information Pipeline (TLIP) in Kenya and neighboring nations have shown measurable impact. Exporters using the system report:

30% reduction in costs,
Significantly faster customs clearance,
Greater security and trust for small and mid-sized traders.

IOTA’s solution eliminated up to 50% of the logistics gap, helping smaller firms compete on more equal footing.

TWIN Infrastructure Replaces Paperwork with Secure Digital Credentials

The broader initiative, known as the Trade and Logistics Information Network (TWIN), replaces physical documents with digital equivalents, secured by verifiable credentials.

Once implemented, customs forms, invoices, and approvals can be exchanged securely and instantly—removing manual bottlenecks, redundant intermediaries, and national siloing in trade systems.

Nations participating in TWIN trials report:

Faster inter-agency coordination
35% growth in SME export volume
Cost reductions of up to 80% in certain trade routes (as of June 2025)

Feeless Ledger, Tamper-Proof Audit Trails, and Institutional Partners

IOTA’s Tangle architecture—a feeless distributed ledger—underpins the entire framework. It ensures:

No transaction fees for end users
Scalability without congestion
Tamper-proof data, ideal for trade audits and dispute prevention

Organizations or institutions can sponsor required fees, allowing for sustainable, spam-resistant usage while keeping the network accessible.

The initiative is being coordinated through the TWIN Foundation, in partnership with:

The Tony Blair Institute,
TradeMark Africa,
The Global Alliance for Trade Facilitation,
The World Economic Forum

Together, they aim to offer a shared, open-source infrastructure for digital trade, especially in developing markets historically excluded from global trade efficiencies.

Token Impact and Analyst Outlook

As of now, the IOTA token (MIOTA) is trading at $0.2080, up 4.6% over 24 hours, with a market cap of $815.4 million.

Recent technical analysis indicates a potential price move mirroring 2020, which could take the asset to $1+—a 300% increase from current levels—should institutional use and protocol adoption continue to expand.

Conclusion: Infrastructure First, Hype Later

While much of the blockchain space focuses on speculation and marketing, IOTA is building the rails of next-generation global trade. Real-world trials in East Africa and Europe show that digital trust, efficiency, and inclusion are no longer just theoretical.

By solving the real problems of global commerce, IOTA is positioning itself not only as a tech innovator, but as a quiet force reshaping how the world moves goods across borders.

@ Newshounds News™
Source: Crypto News Flash

~~~~~~~~~

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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.

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

DINARRECAPS8 7/25/25 DINARRECAPS8 7/25/25

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.

Good Afternoon Dinar Recaps,

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

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 Confirms Currency Shift Talks Underway

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

Trump’s Threats Complicate BRICS Coordination

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.”

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

Conclusion: India Balances Between East and West

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.

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

Heresy Financial: 7-24-2025

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

DINARRECAPS8 7/25/25 DINARRECAPS8 7/25/25

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

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

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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.

Good Morning Dinar Recaps,

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

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

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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

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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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