Seeds of Wisdom RV and Economic Updates Thursday Afternoon 7-31-25

Good Afternoon Dinar Recaps,

Trump White House Releases Long-Promised Crypto Framework — Stablecoins, Tax Clarity, and U.S. Dollar Hegemony Take Center Stage

The Trump administration has released its long-anticipated crypto policy report, outlining a sweeping regulatory blueprint that seeks to clarify digital asset oversight, promote stablecoins, and assert U.S. leadership in the evolving global financial system. The report marks a decisive step toward formalizing the United States’ stance on crypto market structure, stablecoin integration, tax treatment, and banking reforms.

A Formal Taxonomy of Digital Assets

The centerpiece of the report is a call to define a “taxonomy” of digital assets — clearly distinguishing which cryptocurrencies should be classified as commodities and which fall under the category of securities. The Commodity Futures Trading Commission (CFTC) would oversee spot markets for commodity tokens, while the Securities and Exchange Commission (SEC) would regulate crypto securities.

The report explicitly recommends joint oversight between the CFTC and SEC, which many in the industry see as a pragmatic division of responsibilities. SEC Chair Paul Atkins supported the proposal, stating:

“A rational regulatory framework for digital assets is the best way to catalyze American innovation, protect investors from fraud, and keep our capital markets the envy of the world.”

Banking Reform and Digital Custody Rights

The working group also called for streamlined bank charters and a transparent framework to allow banks to provide digital asset services. This includes holding custody of crypto assets and offering tokenized payment solutions — a critical step for integrating traditional financial institutions into the blockchain economy.

The proposal aims to ease regulatory barriers for banks entering the crypto space, aligning with broader efforts to modernize U.S. financial infrastructure without compromising on compliance.

Stablecoins as Instruments of Dollar Hegemony

Notably, the report reaffirmed the administration’s support for stablecoins pegged to the U.S. dollar, identifying them as key tools for protecting and extending the dollar’s global influence. While rejecting the development of a Federal Reserve–issued central bank digital currency (CBDC), the report endorsed stablecoin issuers who maintain reserves in U.S. financial instruments.

In a subtle yet important acknowledgment, the report noted that:

“Stablecoin issuers can coordinate with law enforcement to freeze and seize assets to counter illicit use.”

This mirrors a major feature typically associated with CBDCs, but implemented in the private sector — a potential compromise that merges financial control with free-market innovation.

Crypto Taxation: Tailored and Transparent

The final section of the report urged Congress to pass custom digital asset tax legislation — particularly for staking income and transaction-based activity. The authors propose that cryptocurrencies be recognized as a distinct class of assets, subject to modified tax rules that reflect their hybrid characteristics as both commodities and securities.

“Legislation should be enacted that treats digital assets as a new class of assets subject to modified versions of tax rules applicable to securities or commodities for federal income tax purposes.”

This would resolve longstanding ambiguities in crypto tax reporting and could pave the way for mainstream institutional adoption.

@ Newshounds News™
Source:  Cointelegraph

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“Tidbits From TNT” Thursday 7-31-2025

TNT:

Tishwash:  Erbil agrees to send 120 billion dinars to Baghdad and deliver July payrolls.

 An informed source revealed, today, Tuesday (July 29, 2025), that the Kurdistan Regional Government has agreed to send 120 billion dinars to Baghdad, during the regional council of ministers session scheduled for tomorrow, Wednesday.

The source told Baghdad Today, "The Council of Ministers will approve sending the amount to the federal government early next week, along with providing a copy of the quantities of oil the region can currently export."

He added that "the regional government will also send its employees' payrolls for July to Baghdad," noting that "the federal government, for its part, will disburse June salaries at the end of next week, amounting to 974 billion dinars."  link

Tishwash:  Workshop on localizing the gold industry and strengthening craft workshops

 The Central Agency for Standardization and Quality Control held a workshop at the agency's headquarters under the title "Localizing the Gold Industry and Strengthening Craft Workshops."

In his opening remarks at the workshop, the head of the Central Agency emphasized the role of the precious metals sector in strengthening the national economy, pointing to the need to enhance trust between local manufacturers and the public by ensuring the quality of jewelry and its freedom from commercial fraud. 

He also commended the agency's role in protecting citizens from unfair practices, stressing its commitment to supporting local industries in accordance with international quality standards and in line with Iraq's vision for achieving sustainable economic development.

For his part, Kazem Attia Al-Shammari, a member of the Parliamentary Committee for Economy and Trade, emphasized the importance of strengthening national industries, particularly in the fields of gold and handicrafts. He noted that this would help attract investment by providing a business environment subject to quality and transparency standards.

Ghassan Sakban Kazim, Director of the Qirat Foundation for Economic Development, presented a video explaining the work of specialized gold-making workshops, with a detailed explanation of the foundation's goals of supporting national industry and facilitating procedures between the public and private sectors. He also addressed ways to overcome obstacles facing industrialists to ensure their compliance with technical and legal standards.

The workshop included a discussion session chaired by the Director General of the Standardization Department, Mohammed Latif Ahmed, with the participation of the Assistant Director General, Mustafa Saad Khazal, and the Director of the Qirat Foundation. Numerous proposals and questions were raised and answered, taking into account the workshop's concluding recommendations.

The workshop was attended by Prime Minister's Advisor Hussein Allawi Al-Najm, a representative of the Organized Crime Directorate, a number of general managers, and a number of Central Agency for Public Mobilization and Statistics (CAP) staff and goldsmith workshop owners, reflecting both official and popular interest in developing this vital sector.  link

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Tishwash:  A state-owned bank announces the settlement of 87% of Iraq's external debt.

Rafidain Bank announced on Wednesday that it had achieved "substantial" progress on its foreign debt portfolio, settling approximately 87% of total international obligations through high-level financial and legal negotiations, resulting in a significant reduction in the volume of foreign debt.

The bank said in a statement today, "In the context of Iraq's commitment to the Paris Club Agreement, and with the direct approval of the Council of Ministers, the bank concluded major negotiated settlements with Dutch and French creditor companies, the most prominent of which was: Cabinet Resolution No. (403) of 2025: Settlement of three lawsuits filed by Dutch companies with a concession rate in favor of the bank exceeding 90% of the value of those claims.

The statement explained that "the bank has achieved significant legal successes abroad, most notably winning lawsuits in Turkey and Lebanon, enabling it to recover more than $2.8 million, reflecting the competence of its legal apparatus and its ability to defend the state's rights before international courts."

The bank affirmed in its statement that it "continues its efforts to close the remaining issues through final settlements, which will strengthen Iraq's sovereign rating and consolidate international confidence in its financial stability and commitment to sound financial governance." link

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Tishwash:  The Iranian parliament approves removing four zeros from the currency.

MP Fathallah Tavasoli, a member of the Iranian parliament's economic committee, announced the committee's approval of a bill to remove four zeros from the national currency.

Tosoli explained that this project, submitted by the government, was approved after addressing the comments and in agreement with the governor of the Central Bank, the Ministry of Economy, and the relevant committee. 

The Economic Committee stated that this step aims to facilitate transactions, and that the project's details are currently being amended to comply with other laws.

In May, the governor of the Central Bank of Iran, Mohammad Reza Farzin, stated that removing four zeros from the national currency "represents a priority in the country's monetary reform plan for the current year 2025."

Removing zeros from a currency is a financial procedure in which the circulating currency is replaced by a new one with a reduced nominal value, with specific zeros removed from its denominations (for example, when six zeros are removed, every million units of the old currency become equivalent to one unit of the modified currency). 

This measure is usually taken to enhance financial credibility, restore monetary confidence, regulate exchange markets, and combat inflation.  link

Mot:  Mornings like this feed the soul.

Mot:  What is it bout Dem Sheets!!! --- HUH!!!! 

Iraq Economic News and Points To Ponder Thursday Morning 7-31-25

Why Aren't Prices Falling? An Expert Reveals Traders' Concerns Despite The Dollar's Decline
 
Time: 2025/07/30 17:07:15 Reads: 570 Times  {Economic: Al Furat News} Economic expert Abdul Rahman Al Mashhadani revealed that  stabilizing the dollar exchange rate in local markets requires at least six months for traders to begin reducing commodity prices, despite the current decline in the exchange rate.

Al-Mashhadani said in a statement to {Euphrates News} that:  "Traders are still not reassured by the current decline, which is causing them to maintain their prices." He explained that "the relationship between the decline in the exchange rate and commodity prices is directly proportional, while the increase is inverse."  He pointed out that "traders are obsessed with the current decline.
 
If the exchange rate increases, they will raise prices on the same day, and the increase will be higher than the previous price."  Al-Mashhadani emphasized that "despite the decline in the exchange rate,
traders continue to conduct business at a rate of 150 dinars per dollar due to their lack of confidence in the stability of the situation."   https://alforatnews.iq/news/لماذا-لا-تنخفض-الأسعار؟-خبير-يكشف-هاجس-التجار-رغم-هبوط-الدولار  

The Most Prominent Iraqi Banks That Have Maintained Their Asset Size Since The Beginning Of The Year.
 
Economy    2025-07-30 | 364 views Alsumaria News – Economic   Despite the variability in the performance of some banks, Iraqi private banks have maintained their leading position as the largest banks in terms of asset size.
 
Together, they accounted for approximately 50% of the total assets of private banks
and 8% of the total assets of the Iraqi banking sector.
 
List of major banks by assets:
 
International Development Bank - 3.1 trillion dinars
 
Bank of Baghdad - 2.9 trillion dinars
 
Iraqi Islamic Bank - 2.77 trillion dinars
 
Bank Mansour - 2 trillion Iraqi dinars
 
Both the      International Development Bank and the   Iraqi Islamic Banksaw their assets grow during the first half of 2025,  while the   Bank of Baghdad and  Mansour Bank recorded a decline.
 
About Credit Performance:
 
Private Iraqi banks have recorded a credit portfolio exceeding one trillion dinars,
reflecting their strong financing capacity:
 
International Development Bank: 1.12 trillion dinars
 
Iraqi Islamic Bank: 1 trillion dinars
 
In contrast, the credit portfolio of:
 
Mansour Bank: 242 billion dinars
 
Bank of Baghdad: only 91 billion dinars

Public Deposits
 
The banks were able to attract deposits exceeding 2 trillion dinars each, as follows:
 
International Development Bank: 2.3 trillion dinars
 
Bank of Baghdad: 2.2 trillion dinars
 
As for the public deposits in the remaining banks, they were as follows:
 
Mansour Bank: 1.23 trillion dinars
 
Iraqi Islamic Bank: 743 billion dinars
 
As for the money supply in banks:
 
Mansour Bank: 1.47 trillion dinars
 
Bank of Baghdad: 1.43 trillion dinars
 
International Development Bank: 1.3 trillion dinars
 
Iraqi Islamic Bank: 1.3 trillion dinars
 
The above banks are considered leaders in the private banking sector in terms of the  services they provide, the  spread of their branches, and the   level of services they offer.    
  
https://www.alsumaria.tv/news/economy/535414/أبرز-المصارف-العراقية-التي-حافظت-على-حجم-الموجودات-منذ-بداية-العام  

The Cabinet Decides To Reduce Electronic Payment Fees And Commissions By 50%.
 
Economy 29-07-2025, 19:24 | 329 Baghdad Today – Baghdad  The Council of Ministers approved, on Tuesday (July 29, 2025), a package of decisions related to the amounts, commissions, and movements of government electronic collections and collections, in a step aimed at encouraging the transition to electronic financial transactions.
 
The Council of Ministers decided, according to a statement from the Prime Minister's Office, received by Baghdad Today, to "reduce the cost of issuing electronic payment cards by 50%, with the price of a single card not exceeding 5,000 dinars.

" The statement noted that "this measure aims to make the cards accessible to a wider segment of users, which will contribute to increasing reliance on electronic payment in various daily transactions." 

The decisions also included, according to the statement, 
"reducing electronic payment fees to 0.005 percent for all transactions involving fuel stations.
 
This reduction comes while maintaining the current upper limit for deductions,
providing an additional incentive for consumers and fuel stations to use electronic payment methods."
 
In a related context, the Council of Ministers has mandated the Ministry of Oil to increase the use of electronic payment transactions to 50% in all transactions.
 
This mandate includes the private sector (constructed stations) achieving the aforementioned percentage within a maximum period of six months.
 
The Council also obligated electronic payment companies to comply with the above-mentioned paragraphs, starting January 1, 2026.      https://baghdadtoday.news/279767-50.html 

Key Card And Baha Abdul-Hussein On Washington's Sanctions List
 
July 31, 2025 Last updated: July 31, 2025   Al-Mustaqilla/- Informed sources told Al-Mustaqilla that  US authorities have begun formal steps to place the "Ki Card" company and its director, Bahaa Abdul Hussein, on the economic sanctions list,  accusing them of committing violations related to   corruption and   money laundering.
 
These measures are part of Washington's ongoing efforts to  combat financial corruption and
     enhance transparency in economic transactions,  particularly in regions where electronic payment companies and digital financial services are increasingly active.
 
K-Card, a leading provider of electronic payment services in Iraq,
is facing accusations of exploiting its market position to engage in dubious financial activities,
including     money laundering and   illegal transfers, according to the same sources.
 
These developments have raised widespread questions within Iraqi economic circles about the
     extent to which US sanctions will impact the country's electronic payments sector,
          an emerging and important sector supporting the digital economy.
 
For its part, Qi Card and its CEO have yet to issue any official statements in response to these accusations.
 
Markets and observers expect this US move to lead to tighter oversight of financial companies operating in Iraq, and possibly more stringent enforcement of anti-corruption and financial crime mechanisms.
 
It's worth noting that the United States uses economic sanctions as a tool of pressure against individuals and companies involved in illegal activities,  with the aim of  limiting their negative impact on the global economy and  promoting integrity in financial transactions. https://mustaqila.com/كي-كارد-وبهاء-عبد-الحسين-على-لائحة-عقوب/    

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

MilitiaMan and Crew: Iraq Dinar News- Major Developments in Iraq-Advancement WTO

MilitiaMan and Crew:  Iraq Dinar News- Major Developments in Iraq-Advancement WTO

7-30-2025

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

Welcome back to our channel! In today’s video, we’ll be diving into some significant updates from Iraq that could shape the future of its economy and international relations.

Iraq Dinar Insights: We’ll discuss the current status of the Iraqi dinar, exploring its value, recent trends, and what it means for investors and the economy. Results are being seen!

 Sudani's Vision for Baghdad: Prime Minister Mohammed Shia' Al Sudani has ordered a comprehensive rehabilitation plan for Baghdad. We’ll take a look at the key elements of this initiative and its potential impact on the city’s infrastructure and quality of life of the citizens.

 National Bank of Iraq's New Agreement: We’ll cover the recent agreement signed by the National Bank of Iraq aimed at activating the sovereign guarantees program. What does this mean for foreign investments and economic stability in Iraq?

 Rafidain Bank Updates: Discover how the Rafidain Bank has made strides in completing its external debt file. The implications of this development for Iraq's financial health and international standing, is global.

Iraq's Accession to the WTO: Finally, we’ll remind you of Iraq’s journey towards joining the World Trade Organization (WTO) and what this means for the nation’s trade policies and global economic partnerships.

 Join us as we explore these critical topics and provide insights into Iraq’s path towards economic reform and international integration.

https://www.youtube.com/watch?v=uu07ISHsbfc

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.

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

“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.  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

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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…..

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.

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

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.

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   

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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 Economies: Bahrain and Kuwait offer strong crude production and exports, bolstering BRICS' energy influence alongside existing members like Russia, Iran, and the UAE.

• Gateway Markets: Mexico 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 Economies: Vietnam, 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 bottlenecks, sovereign 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 diplomacy, economic integration, and currency sovereignty.

@ Newshounds News™
Source:  Watcher Guru

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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:

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

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.

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

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'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