News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points To Ponder Wednesday Morning 7-30-25

Government Advisor: Electronic Transformation Contributed To Lowering The Dollar Exchange Rate.
 
Baghdad - INA - Amina Al-Salami   The Prime Minister's financial advisor, Mazhar Mohammed Saleh, 
confirmed on Tuesday that the expansion of electronic transactions has contributed to  reducing speculation and  unreal demand for the dollar,   which has lowered its price on the parallel market.

 He also indicated that  reliance on digital payment tools has led to a decline in the volume of cash dollar trading.

Government Advisor: Electronic Transformation Contributed To Lowering The Dollar Exchange Rate.
 
Baghdad - INA - Amina Al-Salami   The Prime Minister's financial advisor, Mazhar Mohammed Saleh, 
confirmed on Tuesday that the expansion of electronic transactions has contributed to  reducing speculation and  unreal demand for the dollar,   which has lowered its price on the parallel market.

 He also indicated that  reliance on digital payment tools has led to a decline in the volume of cash dollar trading.

Saleh told the Iraqi News Agency (INA):
"The expansion of the use of bank cards and electronic transactions has contributed to reducing the margin of speculation and the unreal demand for the dollar,  especially after linking transfer operations and trade finance to digital data and pre-verification of documents, such as the advance customs declaration."

He indicated that  "citizens' reliance on digital payment tools,  both locally and during foreign travel,  has led to a decrease in the volume of cash trading in dollars outside the official system." 

Saleh explained that "this has begun to have positive impacts at the international level,   given Iraq's membership in the Middle East and North Africa Financial Action Task Force (MENAFATF),  a regional organization established in 2004 that works to combat money laundering, terrorist financing, and the proliferation of weapons in the region,  in line with the 40 recommendations issued by the Financial Action Task Force (FATF) in Paris." 

 He pointed out that  "Iraq, through its digital advancements, has made tangible progress, particularly
 ++with enhanced compliance with the requirements of the  Financial Action Task Force and     international compliance practices.
 
This has positively impacted Iraq's current stable credit ratings and opened up broader horizons for better engagement with global correspondent banks,
as we can see from the decline in the dollar exchange rate against the official rate in the parallel market in recent months."   He emphasized that
 
"modern electronic technology can be leveraged in Iraq through three complementary paths, the most important of which, based on the government's program, is the
     digital transformation of public finances and economic governance, which includes several directions, including:
          automating taxes and customs to maximize non-oil revenues,
          digitizing government contracts, and
          distributing support to eligible groups,
 
in addition to
     enhancing transparency and
     combating corruption through the presence of a digital fingerprint for every transaction."
 
Regarding innovation and small business technology, Saleh noted that
 
"digital technology development paths are taking on more modern dimensions,
most notably supporting digital entrepreneurship, such as
     e-commerce,
     delivery apps,
     distance learning, and others.

This is in addition to financing startups in the fields of
     artificial intelligence,
     smart agriculture, and
     solar energy, in addition to building digital platforms for vocational training and market access." 

He added, "There is a trend toward transitioning to a data and knowledge economy in close conjunction,
through the establishment of national data centers, the use of artificial intelligence in planning,
and the enhancement of internet infrastructure and the achievement of equitable access to it in accordance with global standards for digital justice.
 
We also emphasize the importance of supporting the higher education sector in digital and technical specializations." 

He pointed out that "these trends will undoubtedly contribute to creating sustainable jobs, reducing operating costs, and increasing the productivity of the national economy in a promising digital era for Iraq."  https://ina.iq/ar/economie/239703-.html  

Government Advisor: Localizing The Pharmaceutical Industry Saved More Than $1 Billion Annually.
 
Baghdad – INA   Hamoudi Al-Lami, the Prime Minister's advisor for industry and private sector development,  revealed significant developments in the field of localizing the pharmaceutical industry in Iraq on Tuesday.

While noting that localization has saved more than $1 billion annually, 
he confirmed that 34 factories are currently operating at full capacity and that there are 178 applications to establish pharmaceutical factories.  Al-Lami told the Iraqi News Agency (INA):
 
“Since the first week of its formation, the government has begun implementing a program to localize the pharmaceutical industry.
 
The Council of Ministers issued decisions in 2023 supporting this trend,
     whether for existing projects by expanding them or by providing facilities for new projects,
     by granting loans to investors wishing to establish new factories or develop their existing projects.”

He added, "The government has provided facilities regarding the required guarantees,  including opening credits guaranteed by production lines.

The Cabinet's decisions also included measures to support the provision of raw materials needed to operate existing and future industrial projects, in addition to reviewing the prices of medicines purchased by the Ministry of Health from national factories.
 
Prices have been more than doubled,
     which has led to an increase in the value of contracts with the General Company for Drug Marketing from 144 billion dinars at the beginning of the government's term to more than 600 billion dinars so far.
 
This represents the value of locally produced medicines and constitutes about a quarter of the cost of imported medicines,   which means saving more than a billion dollars annually so far." 

He confirmed that  "the number of applications to establish pharmaceutical and medical supplies factories has reached 178 by July 1, up from 100 previously.
 
These applications include factories for the production of medicines, medical supplies, surgical sutures, intravenous solutions, syringes, and other medical devices,  thanks to the government support provided to investors." 

 He explained that "the number of pharmaceutical factories producing in the country has increased to 34,  compared to 22 factories when the current government was formed.
 
This is the same number that has remained since the establishment of the first pharmaceutical factory in 1956 until the formation of this government." He explained that
 
"the new factories are operating at full capacity and have contributed to increasing the coverage rate of locally produced medicines."  Al-Lami explained that
 
"locally produced medications are subject to the highest international standards,
     the same specifications as those approved globally.
 
They are also subject to strict pharmaceutical oversight using the latest technologies.
 
Clinical trials are underway for complex medications, such as those for blood diseases and cancer,
which have begun to be produced locally after technology transfer from international companies."
He concluded his remarks by saying,
 
"The Prime Minister's directives emphasize that the effectiveness and safety of pharmaceutical production are a red line," noting that,  "during the tenure of the current government, 38 new medications have been added to treat high blood pressure, 33 new medications to treat diabetes, and 58 types of antibiotics covering the needs of adults and children in various forms.
 
Local production of 25 cancer medications has also begun through technology transfer." ttps://ina.iq/ar/economie/239730-.html  

Experts: Economic Partnerships Are An Important Step To Drive Development.
 
Economic 2025/07/30 Baghdad: Shukran Al-Fatlawi   Economic experts have commended the government's efforts to revive bilateral partnerships with international capital and organizations, stressing that this step will  increase sustainable development rates and  boost Iraq's production capacity in various fields.

They noted that the Development Road project is one of the most prominent gateways for attracting foreign partnerships with both the public and private sectors. 

According to experts, economic partnerships represent a real key to diversifying sources of income and a step toward eliminating rentierism,  which has severely impacted the Iraqi economy.
 
These partnerships also play a role in strengthening the capabilities of government institutions through
 resource management and reform implementation.
 
Sustainable Development
 
Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, said,  "Iraqi-global economic partnerships are the first gateway to achieving sustainable development for the country." He noted that  the Development Road project represents   a key link in achieving economic partnerships with advanced global efforts.  

Al-Najjar added that the advanced global effort is looking at Iraq with great interest, as it is a virgin labor market that provides renewed job opportunities in more than one sector, and this matter is considered a privilege and an attractive element within the Iraqi labor market that can be invested in the form Which revives the economy.
 
Implementation Transparency
 
Economic researcher Imad Al-Muhammadawi told Al-Sabah that economic advisory partnerships represent a fundamental pillar in supporting development efforts in Iraq, noting that  
their success requires effective government  commitment, political stability, and   transparency in implementation.

He also emphasized the importance of expanding these partnerships to include  nnovation, technology, the green economy, clean energy, and  other sustainable projects that serve the public interest, 
while taking into account the need to monitor performance evaluation to ensure sustainable results.

Development Path
 
Al-Muhammadawi stated that  at the forefront of international economic partnerships that can achieve significant positive results for Iraq is the “Development Road Project,”  which aims to link the port of Faw to the  Turkish border strip and Europe to the north, and the  Arabian Gulf to the south, 
to transport goods between the Gulf and Europe.
 
He described it as a major pivotal economic reform program that
     will have a positive impact on all sectors,
in addition to reducing the costs of transporting goods between Europe and Asia,
     reaching India and China, not to mention achieving stability.
 
And international security.
 
The spokesman pointed out that  economic partnerships represent a fundamental pillar in supporting development efforts in the country, noting that
 
cooperation between Iraq and international institutions  or donor countries works to  exchange expertise,  provide technical advice, and   support economic policies.

He explained that  these partnerships include multiple areas,
     foremost among which are
          tax and financial reform,
          restructuring economic institutions,
          improving the business and investment environment,
          developing the private sector, and
          enhancing financial inclusion,which means
 
“improving individuals and companies’ access to financial sector services and products and integrating them into banking systems to facilitate transactions.”
 
Preparing Plans
 
For her part, economic researcher Suhad Al-Shammari explained in an interview with Al-Sabah that 
Iraq has opened its doors to investment to countries with significant economic experience, noting that 
the country is witnessing the preparation of clear five- and ten-year plans for the economic and service sectors,  both domestically and internationally, due to its virgin investment resources.
 
These could move Iraq forward significantly,
     supporting its rentier economy that relies solely on oil,
          making it immune to oil price fluctuations and 
          away from regional variables.
 
At the same time, she indicated that  international consultations have
     contributed to the preparation of data-based economic policies, and have
     achieved important steps towards
          reforming subsidies and
          increasing transparency in the management of public funds, in addition to
     helping to enhance Iraq’s ability to negotiate and engage in regional and international economic initiatives.
 
International Customs System
 
It's worth noting that the country has multiple economic and financial contracts and partnerships, 

in addition to the "Development Road Project," represented
     by the official launch of the TIR system in Iraq, effective April 1, 2025, complementing this project.
 
This will reduce shipping times and strengthen Iraq's position as a regional trade corridor.
 
The TIR system is an international customs transit system that allows goods to pass from the country of origin to the country of destination in sealed loading containers with customs control along the supply chain,       helping transport companies and customs authorities save time and money. Big on the border.     https://alsabaah.iq/118278-.html 

 

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

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Wednesday Morning 7-30-2025

TNT:

Tishwash:  Central Bank of Iraq: Decrease in public spending and stability in domestic debt

The Central Bank of Iraq revealed on Wednesday a decline in public spending and a stabilization of domestic debt in April 2025.

The bank indicated in a report reviewed by Shafaq News Agency that the state's public spending in April amounted to 9.49 trillion dinars, registering a 6.69% decrease compared to March, which amounted to 10.17 trillion dinars. Spending also decreased compared to the same period in 2024, which recorded 12.07 trillion dinars.

The report indicated that domestic public debt stabilized at 58.54 trillion dinars in April, the same level recorded in March, but an 11.13% increase compared to the same period in 2024, when it reached 76.97 trillion dinars. 

TNT:

Tishwash:  Central Bank of Iraq: Decrease in public spending and stability in domestic debt

The Central Bank of Iraq revealed on Wednesday a decline in public spending and a stabilization of domestic debt in April 2025.

The bank indicated in a report reviewed by Shafaq News Agency that the state's public spending in April amounted to 9.49 trillion dinars, registering a 6.69% decrease compared to March, which amounted to 10.17 trillion dinars. Spending also decreased compared to the same period in 2024, which recorded 12.07 trillion dinars.

The report indicated that domestic public debt stabilized at 58.54 trillion dinars in April, the same level recorded in March, but an 11.13% increase compared to the same period in 2024, when it reached 76.97 trillion dinars.  link

Tishwash:  The Ministry of Commerce discusses with the ITC the latest developments regarding Iraq's accession to the World Trade Organization and enhancing technical support.

The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Centre (ITC) to discuss the latest developments related to Iraq's accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.

A statement issued by the ministry's media office, quoting the department's director general, Riyadh Fakher Al-Hashemi, stated that the meeting discussed prospects for joint cooperation in reviewing the technical files prepared by the accession team in coordination with the technical committees emanating from the relevant national committee.

The statement emphasized the importance of the technical and technological support provided by the International Trade Centre, particularly during this critical phase, given its significant role in enhancing the efficiency of national teams and strengthening institutional readiness for accession requirements.

The meeting also addressed efforts to update the Nationally Determined Contributions (NDC) document, in coordination with sectoral bodies, in line with government policies aimed at integrating environmental and sustainability concepts into economic and trade policies.

At the conclusion of the meeting, Al-Hashemi stressed that the meeting was part of the department's ongoing efforts to develop Iraq's trade policy and enhance institutional and technical capabilities, supporting Iraq's accession to the World Trade Organization and strengthening its presence in the multilateral trading system.

For their part, representatives of the International Trade Centre praised the progress made in the accession file and the level of coordination with the Department of Foreign Economic Relations, stressing their readiness to continue providing the necessary technical support to complete the accession requirements  link

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

Tishwash:  Al-Sudani: It is time for our people to feel the services in all regions.

Prime Minister Mohammed Shia al-Sudani affirmed, today, Wednesday (July 30, 2025), that the collective effort made by the government contributed to producing tangible work effort for citizens, noting that "it is time for our people to feel the services in all regions."

The Prime Minister's media office said in a statement received by Baghdad Today that "Al-Sudani launched, today, Wednesday, the executive works of the Al-Krayat Bridge project on the Tigris River, as part of the campaign to rebuild the holy city of Kadhimiya, which is the first development project in the (Fifth Division) area, which aims to open the military zone closed for decades, and allocate its lands to establish service facilities, cultural and religious centers, and multiple rest cities for visitors."

Al-Sudani, according to the statement, praised the efforts of the executive team, which included ministers, the Director of the Prime Minister's Office, officials and technicians, the Ministry of Housing, the Baghdad Municipality, the Investment Commission, the Kadhimiya Shrine, and the Hanafi Shrine, as the collective effort produced a tangible reality for the citizen. He pointed to the government's realistic, planning, and comprehensive vision for the service sector, which took into account the specificities of each district, city, and sub-district.

The Prime Minister also announced the Fifth Division area, with an area of 400 dunums, as an investment opportunity for all companies, stressing that it will be announced in a transparent and clear manner, and that it will not contain any residential project, in addition to its distinguished strategic location, close to the shrine of the two Imams Al-Kadhimiya (peace be upon them), where a museum will be built with an area of 12,500 square meters, to be a witness to the dark dictatorial era, and the practice of the most heinous violations, and the museum is a guarantee that tragedies will not be repeated, as citizens will see the ugliness of that era.

Al-Sudani said, "Baghdad's population exceeds 9.5 million, and the capital hasn't seen any rehabilitation projects commensurate with its capacity or a distinct identity to address the problems it faces." He explained that, "Kadhimiya hasn't received any attention for decades, but today it's witnessing a qualitative shift that takes into account its Islamic identity and the number of visitors, and ensures smooth flow of traffic during special occasions."

He pointed out that "the programs and plans of 'Baghdad More Beautiful 1 and 2' and the plans of the ministries and the Baghdad Municipality all aim to pursue comprehensive and integrated rehabilitation, emphasizing the government's commitment to Islamic architectural standards in the projects planned for this area."

He added, "The reconstruction campaign includes shops and neighborhoods in Kadhimiya, across all sectors, schools, and other service institutions. He emphasized the need to adhere to accuracy, inventory, and specifications in accordance with the plan, and to work with high quality and speedy implementation."

The Al-Krayat Bridge project is a vital component of the second package of traffic congestion relief projects. It will also include the construction of numerous service facilities and approaches, including passageways and axes connecting it to the Mohammed Al-Qasim Expressway and the Army Canal.

The campaign to rebuild the holy city of Kadhimiya continues, which includes the rehabilitation and expansion of (15) main streets for five neighborhoods, the establishment of (38) schools, the restoration of (4) heritage schools, the cladding and paving of (12) residential neighborhoods, the development of garages, the construction of bridges, in addition to the establishment of recreational areas for families.

The campaign also includes the construction of six entrances to the city, the rehabilitation of the sewage station, the provision of services to agricultural areas, the rehabilitation of the city water project, the Fattah Pasha Street Boulevard, and other projects, in addition to the transfer of the headquarters of official departments outside the city.  link

Mot:  Married Life…..

Read More
News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points To Ponder Tuesday Afternoon 7-29-25

The Ministry Of Commerce Discusses Developments Regarding Iraq's Accession To The World Trade Organization.

Economy | 07/29/2025   Mawazine News - Baghdad - The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Center (ITC) to discuss the latest developments related to Iraq's accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.

The Ministry Of Commerce Discusses Developments Regarding Iraq's Accession To The World Trade Organization.

Economy | 07/29/2025   Mawazine News - Baghdad - The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Center (ITC) to discuss the latest developments related to Iraq's accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.

A statement issued by the Ministry's media office stated that the meeting discussed prospects for joint cooperation in reviewing the technical files prepared by the accession team in coordination with the technical committees emanating from the relevant national committee.

The statement stressed the importance of the technical support provided by the ITC, especially at this critical stage, due to its significant role in raising the efficiency of national teams and enhancing institutional readiness for accession requirements.

The meeting also addressed efforts to update the Nationally Determined Contributions (NDC) document, in coordination with sectoral authorities, in line with government policies aimed at integrating the concepts of environment and sustainability into economic and trade policies.

At the conclusion of the meeting, Al-Hashemi stressed that the meeting comes within the department's ongoing efforts to develop Iraq's trade policy and enhance institutional and technical capabilities, in a manner that supports accession to the WTO and enhances Iraq's presence in the multilateral trading system.

For their part, representatives of the International Trade Centre praised the progress made in the accession file and the level of coordination with the Department of Foreign Economic Relations, stressing their readiness to continue providing the necessary technical support to complete the accession requirements.   https://www.mawazin.net/Details.aspx?jimare=264364

The US Parliament Threatens To Impose Sanctions On Iraq.

the world | 07/29/2025  Mawazine News - US Representative Joe Wilson threatened to seek to impose sanctions on Iraq.

Wilson said in a post on his official account on the (X) platform, followed by Mawazine News, "It was a pleasure to speak with my dear friend the Foreign Minister of the Kurdistan Regional Government of Iraq."

He added that "armed groups are launching more drones against our dear friends in the Kurdistan Regional Government," expressing his regret "that armed groups are attacking the Kurdistan Regional Government, as well as US forces."

He stressed that "Iran is working to destabilize Syria, Iraq, Lebanon and Yemen," noting that "this can no longer be tolerated, and I will work to ban funding to Iraq that funds armed groups, and demand that they be designated as terrorist organizations."  https://www.mawazin.net/Details.aspx?jimare=264358

Iraq's Accession To The International Association Of Anti-Corruption Authorities

Local  The Federal Integrity Commission announced on Tuesday that the Republic of Iraq, represented by the Federal Integrity Commission, has joined the International Association of Anti-Corruption Authorities (IAACA), after signing and submitting the membership application to the association.

The Commission indicated in a statement received by Al-Eqtisad News that the League welcomed Iraq’s accession and called for a virtual meeting with the League’s Secretary-General to discuss the Commission’s needs, indicating that the League, which was established in 2006, is specialized in assisting anti-corruption agencies and bodies around the world to promote integrity and combat corruption, and implement the United Nations Convention against Corruption, noting that it includes 180 members from the authorities concerned with combating corruption, including 16 Arab agencies.

She added that the association works to achieve the United Nations' sustainable development goals, reduce bribery and corruption, and facilitate the exchange of expertise and best practices between anti-corruption authorities and specialists from around the world.

She explained that it has organized annual conferences and public meetings in a number of countries, including Austria, China, and Qatar, in addition to seminars, workshops, and training programs to strengthen relations with international and regional organizations in order to unify and develop efforts at the global level.   https://economy-news.net/content.php?id=58065

Al-Sudani: Meeting With Washington At The End Of The Year To Arrange Security Relations, And We Welcome American Investments

Prime Minister Mohammed Shia al-Sudani revealed an upcoming meeting between Iraq and the United States, to be held before the end of this year, with the aim of restructuring the bilateral security relationship.

In an interview with the Associated Press, al-Sudani stressed that this dialogue will determine the future of security cooperation, noting that the continued presence of coalition forces "has become a justification for armed groups to bear arms."

However, he stressed that "the withdrawal of these forces will end any justification for bearing arms outside the framework of the state."

Al-Sudani expressed Iraq's aspiration to attract American investments, particularly in the fields of oil, gas, and artificial intelligence, asserting that these investments will contribute to strengthening regional security and emphasizing that "the two countries will be great together" through this economic cooperation.   https://www.radionawa.com/all-detail.aspx?jimare=42343

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

Read More
Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-29-25

Good Afternoon Dinar Recaps,

BRICS Common Currency Could Launch in 2026
A digital, sovereign alternative to the US dollar is accelerating under BRICS Pay infrastructure.

A Bold Monetary Shift: BRICS Targets 2026 for Common Currency Rollout

Amid rising concerns over global monetary instability and the diminishing dominance of the US dollar, the BRICS alliance is preparing to introduce a common sovereign-backed currency, potentially by 2026. Backed by digital infrastructure and expanded economic power, this initiative is set to challenge the unipolar financial architecture and reinforce a multipolar monetary order.

Good Afternoon Dinar Recaps,

BRICS Common Currency Could Launch in 2026
A digital, sovereign alternative to the US dollar is accelerating under BRICS Pay infrastructure.

A Bold Monetary Shift: BRICS Targets 2026 for Common Currency Rollout

Amid rising concerns over global monetary instability and the diminishing dominance of the US dollar, the BRICS alliance is preparing to introduce a common sovereign-backed currency, potentially by 2026. Backed by digital infrastructure and expanded economic power, this initiative is set to challenge the unipolar financial architecture and reinforce a multipolar monetary order.

At the heart of the proposal is BRICS Pay, a sovereign digital settlement system designed to handle cross-border transactions, facilitate dedollarization, and enable trade in local currencies across the bloc’s expanding membership.

Key Developments Leading to 2026 Launch

The BRICS monetary agenda was advanced significantly during the 17th BRICS Summit in Brazil (July 2025), where leaders endorsed concrete progress toward the goal of monetary sovereignty. The alliance is now executing a multi-phase plan, with pilot programs set to begin before 2026.

Notable updates include:

  • Accelerated settlement in local currencies:

    • Russia-China trade now denominated in rubles and yuan

    • India expanding rupee trade with Global South nations

  • BRICS Pay implementation underway:

    • Aimed at enabling digital, borderless transactions

    • Bypasses SWIFT, ensuring financial autonomy

  • CBDC integration:

    • All member states are progressing on central bank digital currency (CBDC) development

    • Pilot programs to test multilateral compatibility will be conducted in phases through 2026

  • Bloc expansion fuels legitimacy:

    • With 10 members (and more pending), BRICS now represents 46% of the global population and 37% of world GDP

Digital Infrastructure: The Cornerstone of BRICS Monetary Sovereignty

The technological engine powering this shift is blockchain-enabled interoperability, with BRICS Pay designed to connect central banks, national payment systems, and users via a single, resilient framework.

This initiative is not merely symbolic. It leverages:

  • Blockchain for cross-border transfers

  • National CBDCs in pilot stages

  • Dedicated payment rails outside of Western financial infrastructure

By enabling smoother, low-cost settlements outside of USD systems, the BRICS currency model aims to foster trust, autonomy, and scalability—particularly for Global South nations seeking alternatives to Western-led monetary institutions.

Implications: Toward a Post-Dollar Financial System

The successful launch of a BRICS currency would mark a monumental reconfiguration of global finance:

  • Trade pricing shifts: Expect increased use of rubles, yuan, and the new BRICS currency in energy and commodity contracts.

  • Global South empowerment: Nations marginalized by dollar-based sanctions and FX volatility gain access to a stable, non-Western monetary alternative.

  • Reduced SWIFT dependency: With BRICS Pay and sovereign CBDCs in place, member states can avoid political and systemic risks tied to Western clearinghouses.

However, execution remains a challenge. The currency’s viability hinges on:

  • Cooperation across diverse economies

  • Political stability and sustained commitment

  • Market trust in a supranational unit still under development

Conclusion: The Countdown Begins

BRICS is no longer theorizing a new monetary future—it is engineering it. If timelines hold, the world could see a functional, digitally-native BRICS currency by 2026, backed by blockchain infrastructure and central bank cooperation.

With dedollarization already underway, this initiative could redefine trade dynamics, commodity pricing, and financial sovereignty in the emerging multipolar world.

@ Newshounds News™
Source:  
CoinTribune   

~~~~~~~~~

10 New Countries on the Verge of Joining the Expanding BRICS Alliance
As 34 nations express interest in membership, BRICS eyes strategic additions from oil-rich, GDP-growing, and infrastructure-hungry regions.

BRICS Expansion Momentum Accelerates: 10 Countries Likely to Join Next

The BRICS bloc is poised for another significant expansion as 34 countries signal interest in joining the coalition. Of these, 23 nations have formally submitted membership applications, while 11 others have shown informal interest.

Originally formed in 2009 by Brazil, Russia, India, China, and South Africa, the alliance expanded in 2024 with the induction of Egypt, Ethiopia, Iran, the UAE, and Indonesia—bringing total membership to 10 nations, alongside 13 designated “partner countries.”

Now, attention turns to the next wave of prospective members—a strategically selected group of countries that offer regional influence, economic growth, and commodity resources.

Top 10 Countries Under Consideration for BRICS Membership

BRICS is carefully assessing candidates based on their resource base, GDP potential, geopolitical positioning, and compatibility with the bloc’s long-term agenda, including the use of local currencies through the New Development Bank (NDB).

Here are the 10 most likely additions:

  1. Bahrain

  2. Malaysia

  3. Turkey

  4. Vietnam

  5. Belarus

  6. Sri Lanka

  7. Mexico

  8. Kuwait

  9. Thailand

  10. Uzbekistan

Strategic and Economic Drivers Behind the Candidates

  • Oil EconomiesBahrain and Kuwait offer strong crude production and exports, bolstering BRICS' energy influence alongside existing members like Russia, Iran, and the UAE.

  • Gateway MarketsMexico would give BRICS unprecedented access to Latin American markets, while Belarus could open up new corridors into Eastern Europe—a region of both economic and political interest to the bloc.

  • Emerging Asian EconomiesVietnam, Turkey, Malaysia, Thailand, Uzbekistan, and Sri Lanka bring growing populations, developing infrastructure, and high demand for funding—making them prime candidates for the NDB’s local-currency lending expansion.

This planned expansion aligns with BRICS’ broader mission to create a multipolar global economic structure, reducing dependency on Western-led financial institutions like the IMF and World Bank.

The New Development Bank’s Role in Expansion

The New Development Bank (NDB)—BRICS' financing arm—is actively working to disburse loans in local currencies rather than relying on the US dollar. That strategy makes the inclusion of infrastructure-hungry economies attractive, particularly as BRICS aims to boost intra-bloc trade, energy deals, and development financing without Western intermediaries.

These candidate countries, many of whom are facing infrastructure bottleneckssovereign debt pressures, or development funding gaps, would benefit from BRICS’ multilateral support, while the bloc gains in economic leverage, geopolitical reach, and market integration.

Conclusion: From 10 to 20—BRICS Evolves into a Global Power Bloc

As BRICS continues its deliberate expansion, the alliance is steadily transforming from a symbolic counterweight to the G7 into a functional global alternative. The next wave of members—if approved—could bring the bloc’s core membership to 20 nations, expanding its reach across Latin America, Asia, Eastern Europe, and the Gulf region.

With the world increasingly polarized between Western financial hegemony and multipolar alternatives, BRICS appears to be consolidating power through a combination of resource diplomacyeconomic integration, and currency sovereignty.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Read More
Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20

MilitiaMan and Crew:  Iraq Dinar News-The Future of the Iraqi Dinar Value

MilitiaMan and Crew:  Iraq Dinar News-The Future of the Iraqi Dinar Value

7-28-2025

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

In this insightful video, we dive deep into the current state of the Iraqi Dinar and its implications for the country’s economy.

Join us as we explore key topics, including:

The Role of the Parliamentary Finance Committee: Discover how this influential body is realizing Iraq's financial policies and their impact on the Dinars' value. They have an interest in it, literally. KRG's Compliance Issues:

MilitiaMan and Crew:  Iraq Dinar News-The Future of the Iraqi Dinar Value

7-28-2025

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

In this insightful video, we dive deep into the current state of the Iraqi Dinar and its implications for the country’s economy.

Join us as we explore key topics, including:

The Role of the Parliamentary Finance Committee: Discover how this influential body is realizing Iraq's financial policies and their impact on the Dinars' value. They have an interest in it, literally. KRG's Compliance Issues:

We analyze the Kurdistan Regional Government's (KRG) failure to adhere to judicial decisions, particularly regarding financial obligations and the repercussions for public sector employees' salaries. KRG playing by rules is going to make a difference for them.

Securing Salaries for Kurdistan Employees: Learn about the challenges facing the KRG in fulfilling its commitments to ensure timely salary payments for its workers and the broader implications for the local economy.

Iraq as a Global Trade Hub: Explore Iraq's strategic position as a potential center for global trade and how this could influence the Iraqi Dinar's stability and growth.

Replacing the Dollar with Gold: We discuss Iraq's recent moves to back its currency with gold, potentially reducing reliance on the US dollar and fostering greater economic independence and supporting the value of the dinar.

https://www.youtube.com/watch?v=Y0TQQuR5mVo

 

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

1929 Repeat as Credit Bubble Collapses

1929 Repeat as Credit Bubble Collapses

WTFinance:   7-28-2025

In a recent compelling episode of the ‘What the Finance’ (WTFinance) podcast, host Alfie Peppiatt featured renowned expert Alasdair Macleod, known for his incisive analysis of sound money, economics, geopolitics, and precious metals.

The discussion delivered a sobering assessment of the global financial landscape, drawing alarming parallels between today’s economic conditions and the precipice of the 1929 Great Depression.

1929 Repeat as Credit Bubble Collapses

WTFinance:   7-28-2025

In a recent compelling episode of the ‘What the Finance’ (WTFinance) podcast, host Alfie Peppiatt featured renowned expert Alasdair Macleod, known for his incisive analysis of sound money, economics, geopolitics, and precious metals.

The discussion delivered a sobering assessment of the global financial landscape, drawing alarming parallels between today’s economic conditions and the precipice of the 1929 Great Depression.

Macleod meticulously detailed how a burgeoning credit and debt bubble is pushing economies worldwide towards an inevitable recession and a perilous debt trap.

At the heart of Macleod’s warning is the unprecedented scale of global government debt. He argues that escalating bond yields and the proliferation of tariffs are not merely symptoms but active drivers exacerbating fiscal stress, particularly within G7 nations which face widening deficits and shrinking tax bases.

 This precarious environment, he posits, poses grave risks to all financial assets, including equities and bonds, as the system struggles under the weight of its own liabilities.

Macleod underscored the profound fragility of the current financial system, which is intrinsically reliant on an ever-expanding credit base.

 He cautioned that a sustained rise in bond yields could trigger a swift and volatile collapse, a scenario for which central banks, he believes, possess no effective remedies. Their capacity to intervene is severely constrained by persistent inflation and the sheer magnitude of existing debt, leaving them caught between the impossible choices of high inflation or economic contraction.

The conversation also delved into the limitations of modern speculative assets. Macleod dismissed cryptocurrencies as fundamentally speculative, lacking the intrinsic qualities that define true money.

 In stark contrast, he championed physical gold and silver as “true, corporeal money” – assets with inherent value, free from counterparty risk, and historically proven as enduring stores of wealth, especially during times of financial turmoil.

Beyond the immediate economic indicators, Macleod’s analysis extended to the evolving geopolitical landscape. He highlighted the growing economic and political clout of nations like China and Russia, evidenced by their strategic initiatives such as the Shanghai Cooperation Organization (SCO) and their systematic accumulation of commodities and gold.

This strategic foresight stands in stark contrast, he suggested, to what he perceives as significant economic policy mismanagement in Western nations, leaving them ill-prepared for the impending crisis. He also touched upon the political resistance to central bank digital currencies (CBDCs) in the U.S. and their potential global implications, adding another layer of uncertainty to an already complex financial future.

Against this sobering backdrop, Macleod’s core advice for individuals and investors is unequivocal: “get out of credit.” He advocates safeguarding wealth by transitioning into real money – specifically physical gold and silver – and potentially considering resource-related equities.

He explicitly warns against chasing speculative assets or relying on government-backed credit instruments, urging vigilance and profound education on the inherent risks within our current monetary environment.

In essence, the WTFinance podcast episode, guided by Alasdair Macleod’s insights, paints a stark picture of a global economy teetering on the precipice. It’s a future shaped by unsustainable debt, credit fragility, profound geopolitical shifts, and pervasive monetary uncertainty.

His framework offers a critical lens through which to understand these challenges and provides actionable steps for wealth preservation amidst what he predicts will be unprecedented economic turbulence.

https://youtu.be/xh_0ljdCX7U

Read More
News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points To Ponder Monday Afternoon 7-28-25

Iraq Replaces The Dollar With Gold: A Yellow Shield Against Economic Storms. 

Today's Economy , | 1035  Baghdad Today – Baghdad  Economic expert Nasser Al-Kanani revealed on Monday (July 28, 2025) that  Iraq's position as the Arab country with the largest gold purchases represents  a strategic shift in  the Central Bank's approach to enhancing the country's financial stability. Al-Kanani told Baghdad Today,

Iraq Replaces The Dollar With Gold: A Yellow Shield Against Economic Storms. 

Today's Economy , | 1035  Baghdad Today – Baghdad  Economic expert Nasser Al-Kanani revealed on Monday (July 28, 2025) that  Iraq's position as the Arab country with the largest gold purchases represents  a strategic shift in  the Central Bank's approach to enhancing the country's financial stability. Al-Kanani told Baghdad Today,
 

"Iraq's purchase of more than 20 tons of gold in a single year, and its rise to seventh place globally in this field, reflects  a calculated move by the Central Bank  to protect the national economy from fluctuations in foreign currency prices,  especially the dollar."

He pointed out that "gold is considered one of the safest reserve instruments, as it is not affected by fluctuations in the monetary market,  unlike paper currencies.
 
This gives Iraq a strategic advantage in confronting sudden crises and  enhances confidence in its financial policies, both domestically and internationally." Al-Kanani explained that
 
"this trend will positively impact the value of the Iraqi dinar in the medium term.
 
It will also contribute to the stability of the local market and  reduce reliance on the dollar, giving the Central Bank greater flexibility in  managing monetary policy and achieving economic stability in light of current regional and global challenges."      https://baghdadtoday.news/279606-.html   

Trade: Expanding The Horizons Of Economic And Trade Cooperation Between Iraq And The United States Of America.
 
Sunday, July 27, 2025 | Economic     Number of readings: 410  Baghdad / NINA / Minister of Trade Athir Dawood Al-Ghariri discussed, on Sunday, with the US Chargé d'Affaires in Baghdad, Ambassador Stephen Fagin, ways to expand the horizons of economic and trade cooperation  between Iraq and the United States of America.
 
The Minister affirmed the Iraqi government's commitment to strengthening international economic partnerships, noting that the United States is a strategic partner in Iraq's ongoing efforts to develop the business environment and stimulate foreign investment.
 
Al-Ghariri highlighted the efforts made by the Ministry,  in cooperation with relevant authorities,
to hold the third round of negotiations for Iraq's accession to the World Trade Organization,  after a hiatus of more than 16 years.
 
He noted the  submission of goods and services files, a review of key economic and legislative reforms, including the  adoption of the Intellectual Property Law, and the  launch of the "Electronic Trader" platform as a step towards digital transformation.
 
Al-Ghariri explained that the  Ministry of Commerce is working to simplify the entry and operation procedures for American companies in Iraq,  pointing to the achievement of self-sufficiency in wheat production over the past two years, and the continuation of work on memoranda of understanding with the American side to meet the country's needs in a number of vital sectors.

The Minister  called on American companies to organize a "Made in America" exhibition in  Iraq and  proposed holding a joint forum between the Iraqi and American private sectors  to showcase investment opportunities and available projects.
 
He emphasized the importance of American companies' participation in the Baghdad International Fair.
 
For his part, Ambassador Fagin expressed his country's desire to expand bilateral cooperation,
praising the  ongoing economic reforms in Iraq and the  Ministry of Commerce's role in supporting the work of American companies and  providing an environment conducive to investment.
 
At the end of the meeting, the two sides agreed to enhance bilateral coordination and joint work  to expand the base of trade exchange, in a way that contributes to serving the common interests between the two friendly countries. /End 3     https://ninanews.com/Website/News/Details?key=1243139

 

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

Read More
Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Monday Afternoon 7-28-25

Good Afternoon Dinar Recaps,

BRICS Countries’ GDP to Grow 3x Faster Than G7 by 2028

The global economic balance continues to shift as the BRICS bloc pulls ahead of the G7 in inflation-adjusted GDP growth projections. From 2025 to 2028, BRICS economies are expected to expand two to three times faster than their Western counterparts—signaling a fundamental reordering of international economic influence.

Good Afternoon Dinar Recaps,

BRICS Countries’ GDP to Grow 3x Faster Than G7 by 2028

The global economic balance continues to shift as the BRICS bloc pulls ahead of the G7 in inflation-adjusted GDP growth projections. From 2025 to 2028, BRICS economies are expected to expand two to three times faster than their Western counterparts—signaling a fundamental reordering of international economic influence.

Key Forecast: BRICS Growth to Outpace G7 by 3x

According to 2025–2028 projections:

  • BRICS GDP growth (real terms): 4.2% – 5.1%

  • G7 GDP growth (real terms): 1.3% – 1.8%

This represents a 2x–3x growth multiple in favor of BRICS, affirming a long-term trend of momentum shifting toward emerging markets.

“The ‘Great Seven’ is not great anymore,” declared Maxim Oreshkin, Deputy Chief of Russia’s Presidential Administration. “In the 1990s, G7 countries were twice the size of BRICS. Now BRICS has overtaken the G7 in terms of GDP volume.”

Breakdown: Projected Real GDP Growth by Country

G7 Nations

Country & Projected GDP Growth (2025–2028)

🇺🇸 United States 1.7% – 2.0%

🇯🇵 Japan 1.0% – 1.2%

🇩🇪 Germany 1.1% – 1.4%

🇬🇧 United Kingdom 1.2% – 1.5%

🇫🇷 France 1.3% – 1.6%

🇮🇹 Italy 0.8% – 1.2%

🇨🇦 Canada 1.4% – 1.7%

Observation: All G7 countries remain below the 2% threshold, reflecting modest growth amid high debt levels, aging demographics, and policy headwinds.

BRICS+ Nations

Country & Projected GDP Growth (2025–2028)

🇮🇳 India 6.2% – 6.8%

🇨🇳 China 4.5% – 5.0%

🇮🇩 Indonesia 5.1% – 5.2%

🇪🇹 Ethiopia 5.5% – 6.0%

🇪🇬 Egypt 3.0% – 3.6%

🇦🇪 UAE 3.5% – 3.9%

🇮🇷 Iran 2.0% – 2.5%

🇧🇷 Brazil 2.0% – 2.3%

🇷🇺 Russia 1.5% – 2.2%

🇿🇦 South Africa 1.4% – 1.7%

Key Insight: Nine BRICS+ countries are forecast to surpass the 2% growth mark, while none of the G7 achieve this across the same period.

Strategic Implications

  • Geoeconomic Realignment: The growth trajectory of BRICS reflects a deeper realignment of production, trade, and demographic leverage—particularly favoring Asia and the Global South.

  • Currency and Policy Impact: With faster GDP growth and increasing trade conducted in local currencies, BRICS nations may strengthen calls for a multipolar financial system, reducing reliance on USD-centric global finance.

  • Global Institutions Challenged: Institutions dominated by G7 influence—such as the IMF, World Bank, and WTO—may face mounting pressure to adjust governance structures in favor of rising economies.

Conclusion

The projected threefold GDP growth advantage of BRICS over the G7 by 2028 is more than a data point—it’s a signal of global power in transition. As emerging economies accelerate development and deepen regional integration, the legacy economic order led by Western powers continues to cede ground.

For investors, policymakers, and analysts alike, tracking this divergence is now a strategic imperative.

@ Newshounds News™
Source: 
Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Monday 7-28-2025

TNT:

Tishwash:  Foreign Minister arrives in New York

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in New York to participate in an international conference on the future of the Palestinian cause.

A statement by the Ministry of Foreign Affairs received by the Iraqi News Agency (INA) stated that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in New York City to participate in a special international conference to discuss the future of the Palestinian cause and related developments on the regional and international arenas."

TNT:

Tishwash:  Foreign Minister arrives in New York

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in New York to participate in an international conference on the future of the Palestinian cause.

A statement by the Ministry of Foreign Affairs received by the Iraqi News Agency (INA) stated that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in New York City to participate in a special international conference to discuss the future of the Palestinian cause and related developments on the regional and international arenas."

The conference, according to the statement, comes amid escalating challenges facing the Palestinian people.

During his visit, the minister is scheduled to hold a number of meetings with his counterparts, foreign ministers and international officials, to coordinate joint action in support of the Palestinian cause and strengthen the common Arab and Islamic position within the United Nations.  link

Tishwash:  Atwan al-Atwani Elected New Governor of Baghdad Following Council Vote

Two candidates were vying for the post: al-Atwani, head of the Iraqi parliament's finance committee, and Haider Mohan.

 Atwan al-Atwani was elected as the new governor of Baghdad on Sunday.

On the same day, Baghdad's provincial council convened to vote on the election of a new governor.

Two candidates were vying for the post: al-Atwani, head of the Iraqi parliament's finance committee, and Haider Mohan.

Iraqi President Abdul Latif Rashid stated on Saturday that Baghdad Governor Abdul Muttalib al-Alawi would retire and that a new governor needed to be appointed as soon as possible.

This marks the second time the governor of Baghdad has sought retirement; he previously applied on July 3 and was temporarily replaced by Mohan.  link

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

Tishwash:  Kurdistan is transforming into a new Iraq 

It's no surprise, with the Kurdistan Region of Iraq's employee salary crisis looming, that we hear numerous Iraqi Arab voices, from Arabs in Kurdistan and the central and southern parts of the country, calling on the government of Mohammed Shia al-Sudani via social media to end the crisis and pay the salaries of the region's employees.

It's no surprise to see, among these voices, those criticizing the federal government for its delay in addressing the crisis and sympathizing with the people of the region. They even sometimes remind Baghdad of the urban achievements, development, and prosperity achieved in the governorates of Erbil, Sulaymaniyah, Dohuk, and even Halabja, compared to what has been achieved to date in other Iraqi governorates.

This is despite the fact that the region's budget is not even equivalent to the budget of a federal ministry such as the Ministry of Education! This praise has been documented in comparative terms, and visual facts about the conditions of Iraqi cities in terms of basic services have been published.

It's true that everyone is aware of rampant corruption in the Kurdistan Region, which is criticized daily by local media and even acknowledged by some influential officials. However, there are also reconstruction and service development projects, albeit limited compared to previous phases.

The gist is that Iraq today is witnessing the gradual birth of a different citizenry, a conscious being whose eyes are fixed on the country as a whole, comparing people's conditions with the logic of the state and the ruling class's commitment to managing the country's affairs in a way that satisfies citizens and achieves their minimum aspirations, even if corruption persists and oversight institutions fail to curb it.

Corrupt accountability

The starting point here is that the Kurdistan Regional Government, despite receiving only 12 percent of the general budget, has become a unique model in Iraq in terms of urban development, the provision of safe drinking water, the continuity of national electricity, the paving of streets, the construction of bridges, the opening of universities and hospitals, the development of villages, the establishment of summer resorts and parks, the paving of roads, and so on.

This development and prosperity are achieved despite persistent corruption and despite citizens' occasional widespread demonstrations and protests demanding services, the timely payment of salaries, and the accountability of corrupt officials. Criticism of the general situation is also increasing from opposition forces and the free media in the region, expressing their desire for further progress, given the region's wealth and resources, which would ensure the well-being of any citizen if distributed fairly and free from corruption, favoritism, and theft.

In other words, the Iraqi Arab citizen's comparison of the reality of the central and southern governorates with the reality of the northern governorates reflects a new awareness of a citizen striving for a better life and wishing to remain in a geographical area where they feel safe, prosperous, and where the state is present, with a minimum sense of responsibility, so that they are not forced to emigrate and leave their homeland. Today, this citizen is the one who chooses to live in Iraqi Kurdistan, residing among his family and compatriots, working or investing. Therefore, it is not surprising that he praises what the rest of the country lacks.

 Another fact, which is not often mentioned, is that the number of Iraqi Arabs residing in Kurdistan today is approaching one million people! While some of them moved to the region for security reasons, this same group now prefers to remain there even if the security situation stabilizes in the areas they left. The other group chose to reside in Kurdistan voluntarily, not only in search of safety, but also because they feel there is an entity serving its citizens.

Today, this new Iraqi citizen is also contributing to the birth of a different Kurdistan, one that has become a different Iraq where everyone coexists in peace and harmony: Kurds and Arabs, Sunnis and Shiites, Christians and Turkmen, and all other sects and denominations. This alone is enough to bestow an authentic Iraqi character on Kurdistan, a character perhaps superior and better than that of the rest of the country, where coexistence, tolerance, and the building of a spirit of citizenship prevail.  link

Mot:  What!!! -- I Thought it was Fun!!!!! 

Mot:  Shes Asking ---- Any Body Have!!! 

 

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

We are Close to Eliminating Income Taxes

We are Close to Eliminating Income Taxes

MJTruthUltra:  7-27-2025

OMG We are close to eliminating Income Taxes and the IRS!

Howard Lutnick just announced that we’re bringing in $700 BILLION in Tariff Revenue Annually already

REMEMBER…. several months ago, the Magic Number Tariff Income needs to Reach to in order to Cut INCOME TAX to ZERO for those making $150k or less… is $750 Billion.

WE’RE ALMOST THERE!

We are Close to Eliminating Income Taxes

MJTruthUltra:  7-27-2025

OMG We are close to eliminating Income Taxes and the IRS!

Howard Lutnick just announced that we’re bringing in $700 BILLION in Tariff Revenue Annually already

REMEMBER…. several months ago, the Magic Number Tariff Income needs to Reach to in order to Cut INCOME TAX to ZERO for those making $150k or less… is $750 Billion.

WE’RE ALMOST THERE!

“Howard Lutnick said, anywhere approaching $750B, we have the line of site to cut income tax to ZERO for anyone making $150k or less.”

REMEMBER THIS….
A strategy president Trump could be waiting for is to wait riiight before the midterms to announce this… the midterms are going RED.

As I previously projected, I believed this would happen in late 2026, taking effect early 2027.

Lutnick: We’re bringing in 700 Billion Now
https://rumble.com/v6wrguy-howard-lutnick-were-bringing-in-700-billion-in-income.html

Trump wants no tax on those who makes $150k or less
https://rumble.com/v6wrgm0-howard-lutnick-were-taking-in-700-billion-in-tariffs.html

$750 Billion Magic Number
https://rumble.com/v6rulrb-the-magic-number-tariff-income-needs-to-reach-to-in-order-to-cut-income-tax.html

Lutnick, eliminate income taxes for those who make $150k or less
https://rumble.com/v6wrgoi-howard-lutnick-tariffs-will-eliminate-income-taxes-for-those-150k-or-less.html

Lutnick: No tax on $150k or less
https://rumble.com/v6wrgrq-howard-lutnick-trumps-goal-is-no-tax-for-150k-or-less-income.html

Source(s):   https://x.com/MJTruthUltra/status/1949542507966083081

https://dinarchronicles.com/2025/07/27/mjtruthultra-we-are-close-to-eliminating-income-taxes/

 

Read More
News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points To Ponder Monday Morning 7-28-25

Billions In Fines... Has The Central Bank Launched A Bank Purge?
 
July 27, 2025 Last updated: July 27, 2025  Al-Mustaqilla/- In a move that has raised many questions within banking circles, the Central Bank of Iraq has begun implementing financial sanctions on a number of private banks and exchange companies.
 
This is part of a campaign aimed at correcting the course of the banking sector, which is facing increasing criticism regarding    poor compliance and  exchange rate manipulation.

Billions In Fines... Has The Central Bank Launched A Bank Purge?
 
July 27, 2025 Last updated: July 27, 2025  Al-Mustaqilla/- In a move that has raised many questions within banking circles, the Central Bank of Iraq has begun implementing financial sanctions on a number of private banks and exchange companies.
 
This is part of a campaign aimed at correcting the course of the banking sector, which is facing increasing criticism regarding    poor compliance and  exchange rate manipulation.

According to a schedule published yesterday afternoon,  the value of fines imposed on  banks and  exchange companies  amounted to more than 24 billion Iraqi dinars  uring the second quarter of this year.

This figure reflects the extent of accumulated violations in the local banking market,which observers believe  pose a direct threat to the   stability of the currency and the  policies of the Central Bank. An informed source revealed to Al-Mustaqilla that these sanctions come within the context of a broader movement that  began to take shape  following a recent meeting in Istanbul between a  delegation from the Central Bank of Iraq and  a US Federal Reserve official.

The move comes after the "Istanbul meeting.”
 
The meeting, according to leaks, witnessed a heated discussion about Iraq's commitment to international standards for combating money laundering and  terrorist financing, with threats of new sanctions that could affect the Iraqi banking sector  unless urgent reform measures are taken.

 Will Iraq witness the withdrawal of bank holidays soon?  

Economic sources indicate that the recent sanctions may be a preliminary  step toward revoking the licenses of some banks and exchange companies  that have failed to comply with regulations and instructions, particularly those involved in  dollar smuggling or  manipulation of exchange rates on the parallel market.
 
Observers expect the coming days to witness a broad audit campaign led by the Central Bank,  in coordination with regulatory and security agencies, to control banking performance and  address the chaos that has contributed to market turmoil and   undermined public confidence.
 
Message to banks: comply or exit the market  
 
The Central Bank's latest move could be a clear message to financial institutions: "Commitment first," as the Iraqi government seeks to  assert state sovereignty over the financial sector and  distance itself  from  political pressures and  vested interests  that have hindered sector reform for years. Experts believe that the success of these measures depends on  serious implementation, and not just financial fines, but also holding those responsible for violations acountable and  withdrawing banking privileges from the parties involved.    https://mustaqila.com/غرامات-بالمليارات-هل-بدأ-البنك-المركز/    

Trump & Crypto: Will Bitcoin's Success Translate to the Iraqi Dinar?

19th July 2025 in Investment, Iraq Banking & Finance News  By Guest Blogger. https://www.iraq-businessnews.com/custom-search/?searchtext=%22guest+blogger%22&swcfpc=1

Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Trump's Policies and Cryptocurrency: Will Bitcoin's Success Translate to the Iraqi Dinar?
 
The relationship between political leadership and financial markets has rarely been as pronounced as it is today with cryptocurrency.
 
Since Donald Trump's return to the presidency in January 2025, Bitcoin has experienced remarkable gains,
 
prompting investors to wonder whether this success might extend to other alternative investments like the Iraqi Dinar, where some people expect a significant dinar revaluation.
 
However, the fundamental differences between these assets reveal why Bitcoin's trajectory under Trump's administration is unlikely to be replicated by the Iraqi Dinar.
 
Bitcoin's Meteoric Rise Under Trump's Pro-Crypto Policies 
 
Bitcoin has demonstrated extraordinary performance since Trump's re-election, with the cryptocurrency surging approximately 60% since November 2024 and reaching heights of $111,000.
 
This dramatic increase can be attributed to several specific policy initiatives and strategic decisions by the Trump administration.
 
The foundation of Bitcoin's success lies in Trump's complete reversal from his previous skeptical stance toward cryptocurrency.
 
During his campaign, Trump promised to make America "the crypto capital of the planet," and
his administration has delivered on this promise through concrete legislative and regulatory actions.
 
In March 2025, Trump signed an executive order establishing a Strategic Bitcoin Reserve and  U.S. Digital Asset Stockpile,  signaling the federal government's commitment to cryptocurrency adoption.
 
The administration's approach has been systematically supportive of the cryptocurrency industry.
 
Congress recently passed the first major crypto legislation in U.S. history, providing regulatory clarity that has been long sought by the industry.
 

This regulatory framework has reduced uncertainty and encouraged institutional investment,
contributing to Bitcoin's price appreciation.
 
Trump's appointees reflect this pro-crypto stance, with one in five top administration picks holding cryptocurrency assets,  some worth millions of dollars.
 
This alignment between policy and personal investment demonstrates the
administration's genuine commitment to cryptocurrency adoption rather than mere political rhetoric.
 
The Iraqi Dinar: A Fundamentally Different Asset
 
The Iraqi Dinar operates in an entirely different economic and political ecosystem from Bitcoin.
 
While Bitcoin is a decentralized digital asset that responds to global market forces and regulatory changes, the Iraqi Dinar is a sovereign currency tied to Iraq's economic fundamentals and monetary policy decisions.
 
Current exchange rate data shows the Iraqi Dinar trading at approximately 1,310 dinars per U.S. dollar as of July 2025,
representing minimal fluctuation over the past year.
 
The International Monetary Fund projects an average exchange rate  of 1,300 dinars per dollar
     for both 2025 and 2026, indicating expectations of stability rather than dramatic appreciation.
 
The Central Bank of Iraq has successfully transitioned to a new trade finance system managed by commercial banks, which has contributed to exchange rate stability.
 
However, this stability is precisely what differentiates the Dinar from Bitcoin 
- the Iraqi currency is managed to maintain purchasing power rather than to serve as a speculative investment vehicle.
 
Why Trump's Crypto Policies Won't Impact the Dinar
 
Several fundamental factors explain why Trump's cryptocurrency-friendly policies cannot replicate Bitcoin's success with the Iraqi Dinar:
 
    Regulatory Jurisdiction: Trump's policies directly impact assets under U.S. regulatory authority.
 
Bitcoin, as a global digital asset traded on U.S. exchanges and held by U.S. institutions, falls within this sphere of influence.

The Iraqi Dinar, however, is governed by Iraq's Central Bank and monetary policy, which operates independently of U.S. cryptocurrency regulations.
 
    Asset Classification: Bitcoin is treated as a digital commodity and investment vehicle, making it responsive to regulatory changes that affect investor sentiment and institutional adoption.
 
The Iraqi Dinar functions as a national currency with exchange rates determined by economic fundamentals such as oil revenues, trade balances, and monetary policy decisions.
 
    Market Dynamics: Bitcoin's price appreciation stems from  increased institutional adoption,
     regulatory clarity, and  speculative investment driven by Trump's supportive policies.
 
The Iraqi Dinar's value is tied to Iraq's  economic performance, oil exports, and regional stability 
-factors largely unrelated to U.S. cryptocurrency policy.
 
    Investment Infrastructure: The cryptocurrency ecosystem has developed  sophisticated trading platforms, custody solutions, and financial products that respond rapidly to policy changes.
 
The Iraqi Dinar lacks this infrastructure for speculative investment, with most transactions occurring through traditional foreign exchange channels focused on trade and remittances rather than investment.
 
Economic Realities and Market Projections
 
Financial forecasts for the Iraqi Dinar suggest continued stability rather than dramatic appreciation.
 
Market projections indicate potential slight depreciation,
with the exchange rate possibly reaching around 1,318 IQD per USD by the end of 2025.
 
These projections reflect expectations of gradual economic adjustments rather than the explosive growth seen in Bitcoin.
 
Iraq's economy remains heavily dependent on oil revenues,
which are calculated based on the exchange rate of 1,300 dinars to one dollar in the federal budget.
 
This dependency on  commodity prices and the government's fiscal management creates a fundamentally different value proposition from Bitcoin's technology-driven and adoption-based appreciation.
 

The Broader Investment Landscape
 
The contrast between Bitcoin and the Iraqi Dinar illustrates a broader principle about how different asset classes respond to political and regulatory changes.
 
Bitcoin's success under Trump's administration demonstrates the  power of regulatory clarity and institutional support for emerging asset classes.
 
The cryptocurrency's  decentralized nature and global trading infrastructuremake it particularly responsive to positive policy developments.
 
Traditional currencies, even those from developing economies, operate within established monetary systems designed for stability rather than speculation.
 
The Iraqi Dinar's role as a medium of exchange and store of value for Iraq's economy necessitates careful management to prevent the volatility that investors seek in alternative assets.
 
Conclusion
 
While Trump's pro-cryptocurrency policies have created a favorable environment for Bitcoin's remarkable performance, these same policies cannot produce similar results for the Iraqi Dinar.
 
The fundamental differences between a  decentralized digital asset and a  sovereign currency mean that
each responds to entirely different sets of economic and political factors.
 
Bitcoin's success under Trump's administration reflects the power of regulatory support and institutional adoption in driving speculative asset prices.
 
The Iraqi Dinar's stability reflects the careful monetary management required to maintain a functioning national currency.
 
Investors considering whether Trump's policies might benefit the Iraqi Dinar should recognize
that the two assets exist in fundamentally different economic ecosystems,
with success metrics that are not only different but often contradictory.
 
The lesson for investors is clear: while political leadership can significantly impact certain asset classes,
the specific characteristics of each investment determine how it responds to policy changes.


Bitcoin's  technological foundation and   speculative nature make it responsive to regulatory developments, while the Iraqi Dinar's role as a national currency  requires it to prioritize stability over explosive growth.    
https://www.iraq-businessnews.com/2025/07/19/trump-crypto-will-bitcoins-success-translate-to-the-iraqi-dinar/ 

 

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

Read More