De-Dollarization is Real, Brazil Just Proved it

De-Dollarization is Real, Brazil Just Proved it

Lena Petrova:   8-1-2025

Recent tensions between the United States and Brazil, marked by U.S. tariffs on Brazilian imports and visa bans on Brazilian judges, are not merely trade disputes. They are symptomatic of a deeper struggle over global financial dominance, at the heart of which lies Brazil’s innovative digital payment system, Pix.

This conflict underscores a significant geopolitical and economic shift centered around the long-standing reign of the U.S. dollar.

Launched in 2020, Pix has rapidly transformed Brazil’s financial landscape. This government-run digital payment system offers a fast, free, and accessible platform that has reached over 76% of the population.

 It has revolutionized how millions of Brazilians, particularly those previously excluded from formal banking, participate in the digital economy. Crucially, Pix bypasses the U.S. dollar as a settlement currency, allowing transactions to occur without relying on traditional U.S. financial infrastructure.

This innovation aligns perfectly with Brazilian President Lula da Silva’s broader vision of reducing dependence on the U.S. dollar, a trend reflecting the global shift towards currency multipolarity. This growing movement challenges the longstanding dominance of the dollar in global trade and finance.

Washington, however, views the ascent of Pix, and similar initiatives like BRICS Pay, as a direct threat to American economic leverage. Concerned about the implications for U.S. financial giants like Visa and Mastercard, the U.S. has responded with trade investigations and policy measures, including the imposition of tariffs and visa bans.

Yet, these retaliatory measures risk unintended consequences. By attempting to protect the status quo, the U.S. may inadvertently push Brazil and other emerging economies closer to alternative financial networks, bypassing U.S.-controlled systems like the SWIFT messaging network.

Pix’s success isn’t solely about challenging the dollar; it’s a testament to how local currency systems can drive financial inclusion and economic growth.

 Rather than simply being an “anti-dollar” or “anti-American” tool, it serves as a powerful engine for domestic development.

The U.S. dollar’s long-standing dominance, built on global consent and trust, is now being questioned as countries like China, India, Russia, and Brazil actively develop new mechanisms for cross-border transactions independent of the dollar.

While a complete dethroning of the dollar will undoubtedly take time due to existing economic ties, the trend toward financial diversification is undeniable. Innovations like Pix are significant contributors to this erosion of U.S. financial hegemony, and ironically, U.S. policy responses could accelerate this very shift rather than prevent it.

The ongoing conflict surrounding Brazil’s Pix system is more than a bilateral dispute; it’s a microcosm of a larger battle over the future of global finance and geopolitical power.

 It underscores how digital payment innovations in emerging economies can have profound implications beyond their borders, challenging established norms and redefining economic sovereignty in an increasingly multipolar world.

 The U.S. pursuit of preserving dollar hegemony, though understandable, might ultimately serve to hasten the very transition towards a more diversified and distributed global financial system.

https://youtu.be/64-FpTWPONQ

Seeds of Wisdom RV and Economic Updates Friday Evening 8-1-25

US SEC Rolls Out ‘Project Crypto’ to Rewrite Rules for Digital Assets

In a landmark shift for U.S. financial regulation, Securities and Exchange Commission Chair Paul Atkins has launched “Project Crypto,” a forward-looking initiative designed to overhaul how digital assets are governed in America. The project follows major policy recommendations released in a recent White House report on digital finance.

Atkins said the initiative aims to modernize the SEC for 21st-century capital markets, streamline regulation for crypto innovators, and ensure the U.S. maintains global leadership in digital finance.

A Response to the White House’s Digital Finance Blueprint

The new initiative was formed directly in response to the Biden-era President’s Working Group report, titled “Strengthening American Leadership in Digital Financial Technology.” The report urged federal agencies to build a coherent market structure for digital assets while eliminating fragmented oversight.

Under Project Crypto, Atkins proposed:

• Unified licensing rules to allow brokerages to offer multiple digital instruments under a single registration;

• Regulatory grace periods for early-stage crypto startups, including ICOs and decentralized software projects, to encourage innovation without immediate legal exposure;

• Legal protections for self-custody, ensuring individuals and institutions retain the right to manage digital assets without custodial intermediaries;

• A clear separation between commodities and securities, aligning crypto assets more accurately with the CFTC and SEC’s respective mandates.

“Many of the Commission’s legacy rules and regulations do not make sense in the twenty-first century — let alone for on-chain markets,” Atkins wrote. “The Commission must revamp its rulebook so that regulatory moats do not hinder progress and competition.”

A Regulatory Reset: Ending ‘Enforcement-First’ Tactics

Atkins’ leadership marks a dramatic reversal of the SEC’s prior posture, which was widely criticized for regulating crypto by enforcement rather than by policy. Since his appointment, the agency has:

• Ended regulation-by-enforcement as a default approach to the crypto sector;

• Approved multiple crypto exchange-traded funds (ETFs);

• Clarified staking income guidance, affirming that rewards earned from proof-of-stake validation do not constitute securities transactions;

• Authorized in-kind redemptions for crypto ETFs, a key functionality for institutional investors managing large-scale inflows and outflows.

These reforms reflect a deeper institutional commitment to integrating crypto into the mainstream financial system, rather than pushing it to the regulatory margins.

Joint Oversight with CFTC and a Focus on Stablecoins

In line with the White House report’s recommendations, joint jurisdiction between the SEC and the Commodity Futures Trading Commission (CFTC) will now define federal oversight of the crypto sector:

• The CFTC will assume primary responsibility over spot crypto markets, affirming its role as the chief regulator for crypto commodities like Bitcoin.

• The SEC will focus on security tokens, tokenized investment contracts, and digital asset platforms that function more like exchanges or broker-dealers.

The report also laid out a framework for stablecoin policy, interagency coordination, and banking integration — areas that will be built out as Project Crypto progresses.

The Path Ahead: Toward American Crypto Leadership

Project Crypto signals more than regulatory reform — it marks a strategic repositioning of the United States in the global digital economy. By creating legal clarity and reducing uncertainty, the initiative is designed to attract builders, protect consumers, and ensure that digital asset innovation remains anchored on American soil.

“Outfitting the SEC for internet capital markets and onchain finance is no longer optional — it’s essential for economic competitiveness,” Atkins said.

As Washington realigns its crypto policies, Project Crypto could become a cornerstone in defining the next era of financial innovation — one that balances open markets, strong protections, and global leadership.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Senator Lummis Proposes Law Requiring Fannie and Freddie to Count Crypto in Mortgage Risk Evaluations

In a significant step toward integrating digital assets into U.S. housing finance, Senator Cynthia Lummis (R‑Wyo.) has introduced the 21st Century Mortgage Act, which would compel Fannie Mae and Freddie Mac to consider cryptocurrency holdings when evaluating risk in single-family mortgage applications.

The legislation follows recent action by the Federal Housing Finance Agency (FHFA), whose director Bill Pulte ordered that crypto reserves be counted as eligible assets in underwriting models. The new measure would formalize and expand that shift, positioning the U.S. mortgage industry to better reflect a digital-first financial reality.

From Cold Storage to Homeownership: A Modernization of Risk Assessment

Under current practices, government-sponsored enterprises (GSEs) like Fannie and Freddie typically assess loan risk based on traditional assets such as cash, retirement accounts, and securities. Cryptocurrency, despite being a growing source of wealth—especially among younger Americans—has largely been excluded due to volatility concerns and regulatory ambiguity.

The 21st Century Mortgage Act changes that by:

• Mandating recognition of digital assets recorded on cryptographically secure ledgers;

• Barring lenders from requiring borrowers to liquidate crypto holdings into fiat currency simply to qualify for consideration in mortgage risk evaluations;

• Aligning GSE underwriting with financial realities in which digital savings play an increasingly central role.

Senator Lummis emphasized that this measure is a response to declining homeownership rates among younger Americans and the widespread adoption of crypto.

“Rather than punishing innovation, government agencies must evolve to meet the needs of a modern, forward‑thinking generation,” Lummis stated.

Backed by FHFA Policy and Market Momentum

The legislation would codify a recent directive by FHFA Director Bill Pulte, who in June instructed Fannie Mae and Freddie Mac to:

• Treat cryptocurrency reserves as eligible assets in risk assessments for single-family loans;

• Develop processes to recognize those balances without requiring conversion into U.S. dollars;

• Review how broader digital asset holdings—especially Bitcoin—can be safely integrated into mortgage underwriting models.

This marks a break from legacy practices, where underwriters excluded crypto entirely, citing market unpredictability and lack of clear guidance.

Pulte’s move signals a regulatory rethinking of digital asset legitimacy, especially as the FHFA—tasked with overseeing Fannie, Freddie, and the Federal Home Loan Banks—seeks to modernize the housing finance ecosystem.

Policy Clarity Without Crypto Mortgages (Yet)

It’s important to note: the bill does not permit mortgage repayments in cryptocurrency. Instead, it allows verified crypto holdings to be counted in:

• Asset verification, used to determine borrower capacity;

• Risk modeling, used by GSEs to assess portfolio strength and loan eligibility.

By expanding the asset base eligible for consideration, the law aims to give crypto-native borrowers access to the same mortgage pathways as traditional savers.

A Generational Shift in Homeownership Strategy

Data from the U.S. Census Bureau shows homeownership rates for Americans under 35 at just 36.6%, even as 21% of U.S. adults report holding crypto—with two-thirds under age 45. These figures highlight a generational mismatch between how financial stability is measured and how wealth is now built.

The bill also arrives as part of a broader shift in regulatory tone under the current administration, which has begun addressing crypto policy more comprehensively—particularly in areas of banking, taxation, stablecoins, and capital markets.

Bridging Digital Assets and Traditional Finance

Senator Lummis, a long-time crypto policy advocate, is leveraging bipartisan concern over declining homeownership and outdated underwriting models to push for practical integration of digital finance into federal housing policy.

If passed, the 21st Century Mortgage Act could become a template for future crypto-inclusive reforms, enabling financial institutions to recognize digital savings without compromising risk standards or requiring unnecessary fiat conversions.

As Lummis frames it: modernization isn’t about abandoning oversight — it’s about updating the rules to reflect financial reality.

@ Newshounds News™
Source: CryptoSlate

~~~~~~~~~

Coinbase Launches XRP Perpetual Futures to Expand Institutional Access

Coinbase is set to launch XRP U.S. Perpetual-Style Nano Futures on August 18, marking a significant expansion in its derivatives lineup and providing institutional investors with a capital-efficient, margin-enabled vehicle to gain exposure to one of crypto’s most liquid assets.

Announced via Coinbase Institutional on July 29, this new offering represents a regulated and long-duration alternative to traditional spot trading, enhancing access to XRP through Coinbase Derivatives LLC, a CFTC-registered designated contract market.

XRP Futures Designed for Institutional Utility and Spot-Price Alignment

The nano XRP perpetual-style contract—listed under the symbol XPP—is structured to mirror the XRP spot price through a dynamic funding rate mechanism, which credits or debits open positions based on market movements.

Each contract will represent 500 XRP, offering a 5-year, cash-settled duration, rebalancing weekly via clearing adjustments. Trading will occur from Friday evening through the following Friday afternoon, with a short weekly pause, and contracts will auto-roll through December 2030.

“The Coinbase Derivatives, LLC nano XRP Perp Style Futures Contract is a 5-year cash-settled futures contract that tracks closely to spot price by using a funding rate to debit/credit open positions via a clearing cash adjustment,” the company’s product documentation explains.

This format enables institutions to hedge XRP exposure, speculate on future price trends, or leverage margin trading strategies, all within a regulated U.S. derivatives framework.

Building on a Regulated Futures Framework

Coinbase’s August launch builds on groundwork laid earlier this year:

• In April 2025, Coinbase filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures.

• That same month, the exchange launched two monthly XRP futures products: a nano contract (500 XRP) and a larger XRL contract (10,000 XRP)—both cash-settled and monthly expiring.

The upcoming perpetual-style XRP futures mark a clear evolution from those products by eliminating expiration and extending visibility for long-term strategies.

This move aligns with Coinbase’s broader initiative to reshape U.S. market access for digital assets through regulated derivatives offerings that mirror traditional financial instruments but leverage the liquidity and innovation of crypto markets.

Why It Matters: Institutional Crypto Derivatives Come of Age

As the digital asset sector matures, demand is increasing for compliant, capital-efficient tools that offer reliable price tracking, risk management, and regulatory clarity. Coinbase’s latest XRP futures offering addresses this need, particularly at a time when:

• Institutional participation in crypto is rising;

• CFTC-registered exchanges are gaining favor over offshore alternatives;

• And digital asset derivatives are becoming central to portfolio construction and hedging strategies.

This development further legitimizes XRP as a viable component of institutional portfolios, especially in light of growing clarity around its legal and regulatory standing in the U.S.

Outlook: Coinbase Pushes for Derivatives Dominance

With Coinbase Derivatives LLC at the helm and XRP nano perpetuals leading the charge, the exchange is cementing itself as a frontrunner in regulated crypto futures, aiming to provide U.S. investors with alternatives that are:

• Lower in capital requirements than full spot holdings;

• More flexible in exposure timeframes;

• And compliant with evolving CFTC oversight.

This launch not only expands investor access to XRP but also signals Coinbase’s broader intent to bridge the gap between traditional finance and digital assets—one futures contract at a time.

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

Visa Expands Stablecoin Settlement Platform With PYUSD, USDG, EURC and Adds Stellar, Avalanche Support

Visa has announced the addition of three new stablecoins and two additional blockchains to its digital asset settlement platform, further reinforcing its commitment to a multi-chain, multi-currency future in global payments.

The move is part of a strategic collaboration with Paxos, the blockchain infrastructure provider behind PayPal’s digital asset products, and comes amid growing institutional demand for regulated stablecoins following the recent passage of the GENIUS Act in the United States.

Visa Adds PYUSD, USDG, and EURC to Stablecoin Settlement Suite

The newly supported stablecoins include:

• PayPal USD (PYUSD) – a U.S. dollar-backed stablecoin issued by Paxos.

• Global USD (USDG) – another USD-backed token structured for institutional settlement.

• EURC – a euro-backed stablecoin issued by Circle.

These stablecoins join USDC, which Visa first integrated in 2021. With the latest additions, Visa now supports four fiat-backed stablecoins and allows settlement across 25+ fiat currencies, enabling partners to conduct multi-currency settlements with greater capital efficiency.

Stellar and Avalanche Join Ethereum and Solana on Visa’s Blockchain Roster

In addition to expanding its stablecoin lineup, Visa has also extended blockchain compatibility to include:

• Stellar (XLM)

• Avalanche (AVAX)

These new networks join Ethereum and Solana, which were previously integrated into Visa’s pilot and settlement infrastructure. This multi-chain expansion is part of Visa’s effort to build a scalable, flexible architecture for programmable money.

“When stablecoins are scalable, interoperable, and trusted, they can fundamentally transform how money moves globally,” said Rubail Birwadker, Visa’s Global Head of Growth Products and Partnerships.

Visa’s updated platform positions it as a neutral settlement layer for Web3 applications and enterprise payment solutions alike, offering compatibility across token types and blockchain ecosystems.

GENIUS Act Fuels Stablecoin Momentum Across Finance Sector

Visa’s latest move follows a surge of interest in stablecoins across the financial sector, spurred by the GENIUS Act, now U.S. law, which formally regulates fiat-backed digital currencies under federal banking oversight.

Since the law’s passage:

• Citibank, Bank of America, and other major institutions have signaled plans to issue or custody stablecoins.

• Global transaction volumes involving stablecoins have continued to rise.

• Analysts project the stablecoin market will expand from $275 billion to $2 trillion by 2030.

Visa’s stablecoin expansion comes at a pivotal moment for the industry, as tokenized money begins to intersect with traditional finance on a global scale.

Strategic Positioning for the Future of Money

Visa’s continued investment in blockchain infrastructure and regulated stablecoins reflects a deliberate effort to future-proof its payment network, offering partners a toolkit that spans currencies, jurisdictions, and blockchain rails.

With support for:

• 4 stablecoins (USDC, PYUSD, USDG, EURC)

• 4 blockchains (Ethereum, Solana, Stellar, Avalanche)

…Visa is poised to serve as a critical bridge between the traditional financial system and the decentralized internet of value.

@ Newshounds News™
Source:  TheCryptoBasic

~~~~~~~~~

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MilitiaMan and Crew: Iraq Dinar News- The Future of Iraq's Economy

MilitiaMan and Crew:  Iraq Dinar News- The Future of Iraq's Economy

7-31-2025

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

Welcome back to our channel!

In today's video, we dive deep into the evolving landscape of Iraq's economy, exploring key developments that are set to shape the nation’s financial future.

 What We Cover:

 Iraqi Dinar Insights: Understand the current status of the Iraqi dinar, its significance in the regional economy, and the strategies being implemented to stabilize and strengthen its value.

 Strategic Transportation Projects (TIR): Discover the ambitious transportation initiatives aimed at enhancing connectivity and boosting trade throughout Iraq and beyond.

Parliament's Support for Kurdistan: Gain insights into the recent parliamentary decisions welcoming Kurdistan's oil exports through SOMO (State Oil Marketing Organization), and what this means for Iraq's overall oil strategy.

Dollar Sales and Currency Control: Learn how Iraq is managing foreign currency through official platforms, including efforts to control currency prices amidst economic fluctuations. All that and corruption will wain.

Water as a Trading Card: Explore the innovative concept of utilizing water as a strategic asset in trade negotiations and economic planning. Bargaining card in Turkey's hand. They owe big money!

Increased Oil Production Plans: Find out how Iraq and OPEC+ intends to ramp up oil production capacity and the implications this has for local, regional and global oil markets.

https://www.youtube.com/watch?v=0UKGNOAicNY

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

Among Them Is The Economic Contraction.. An Expert Reveals The Reasons Behind The Decline In The Exchange Rate.
 
July 31, 2025  Baghdad/Iraq Observer  Economic expert Munar Al-Obaidi confirmed that the exchange rate of the US dollar against the Iraqi dinar has witnessed a significant decline recently.
 
This decline is due to a group of intertwined economic and procedural factors,   which vary in their level of influence  but have collectively contributed to strengthening the dinar.

Al-Obaidi told the Iraq Observer that “the reasons for the dollar’s decline include the  economic contraction and  declining consumer confidence.
 
The state of uncertainty in the Iraqi market, as a result of the economic slowdown, has led to a decline in the confidence of individuals and institutions in spending, which has  negatively impacted the volume of public demand, thus   reducing the need for the dollar as a stimulus for trade.
 
In addition, the halt in government investment spending has led to the government focusing on operational spending rather than investment spending,  leading to a decline in economic activity.” 

He added that "the general budget is the primary driver of economic activity, and reducing investment spending has reduced aggregate demand,  including demand for the dollar."

He noted that "other reasons include  tightening controls at border crossings and government measures to  curb smuggling and  regulate relations with the Kurdistan Region, which have contributed to reducing the phenomenon of inflated invoices,  which has reduced the unreal demand for dollars in the parallel market."
  
Regarding the shift of traders to the formal banking system, Al-Abidi explained that  “the markets have witnessed the  entry of a large segment of traders into the formal banking system, and  their reliance on the official dollar exchange rate through approved platforms, which has  reduced the volume of trading in the parallel market and reduced pressure on the dollar, in addition to a decline in re-export operations.
 
The decline in the re-export of goods to neighboring countries has led to a reduction in demand for imported goods, which has directly reflected in a decline in the need for dollars to finance these commercial operations.” 

He emphasized that settling major companies' dues in oil products instead of cash also had an impact on depreciating the dollar, as the government settled a portion of foreign companies' dues  in black oil and naphtha  instead of cash, reducing reliance on dollars sold by the Central Bank and  increasing their supply in the market." 

 He pointed out that  “preparations for the electoral process also play a role.
 
With the start of the election season, the volume of spending related to the electoral campaigns increased, and this spending is often financed from cash reserves stored in dollars,  which necessitated converting large amounts of them into dinars to cover campaign expenses,  thus increasing the supply of dollars and  increasing the number of foreign visitors and arrivals.

The increasing number of arrivals to Iraq contributed to the introduction of quantities of foreign currencies into the local market, which provided an additional source of hard currency  outside the framework of central bank sales, and  contributed to strengthening the availability of dollars.” 

He continued, saying, "The halt to illicit trade as a result of the closure of the border with Syria played
     a significant role in the decline of the dollar.
 
The closure of border crossings with Syria contributed to the  reduction of smuggling and illegal trade,  which had been heavily dependent on the dollar in the parallel market,   leading to a further decline in demand for the dollar." 

He concluded by saying, "The  decline in the issued currency and the  withdrawal of a portion of it from the market  is another reason behind the decline in the dollar price.
 
The Central Bank of Iraq withdrew a portion of the dinar money supply from the market,
     creating a double demand for the Iraqi dinar against the dollar.
 
This balance in demand levels between the two currencies  helped boost the value of the dinar and raise its exchange rate against the dollar on the parallel market."   https://observeriraq.net/بينها-الانكماش-الاقتصادي-خبير-يكشف-ال/  

"They Wasted Two Years Between Transactions." This Is How An Iraqi Investor Left His Country.
 
Economy Yesterday, | Baghdad Today – Baghdad  The Iraqi investor's decision  to establish a modern water treatment plant in Jordan instead of Iraq was not a purely economic one,  but rather a concrete embodiment of the idea of   "escaping from a land of stagnant opportunities to a land of clear rules."
 
The factory, which is scheduled to begin production in March 2026, will produce glass products including probiotics, sparkling water, and vitamin-enriched water.
 
Most of the products will be destined for the Gulf and European markets,
while Iraq, the country of origin, remains an unfeasible prospect, according to the project owner.
 
Economist Nabil Al-Marsoumi, who reported this experience in a blog post followed by Baghdad Today, did not merely present a story, but pointed to a deeper structural flaw, saying:
 
“An Iraqi businessman has begun establishing a modern factory in Jordan to produce various types of healthy and mineral water, using glass containers.
 
These include probiotics, multivitamins, sparkling and still water, and fruit-flavored water.

Production is scheduled to begin in March 2026, and most of the production is reserved for export to the Gulf and Europe.”
 
According to what Al-Marsoumi quoted from the investor,
 
the decision not to implement the project in Iraq was due to what he described as an "investment-repelling environment."

 He explained, "My decision not to implement the project in Iraq stems from industry constraints, licensing, and bureaucratic complications, in addition to the lack of confidence in Iraqi products in foreign markets,  which I consider a decisive factor in making the decision." 

The investor added, "I previously tried to add a production line to a water factory in Iraq,
and I've been working on the process for exactly two years.
 
They made me regret the day I thought of investing in Iraq."
 
Independent economic studies show that  Iraq is one of the countries in the region richest in untapped investment opportunities: a  large consumer market, a  pivotal geographic location,  vast natural esources, and a  promising private sector.
 
However, these potentials rarely translate into actual projects,due to what is known as the "trust gap"—
the gap between investors and the system supposed to protect and empower them.
 
In an environment  where the powers of the central government and the governorates overlap,  where the authorities of official bodies intersect, and  where regulatory bodies proliferate without clear legal basis, any productive project becomes a daily battle, one  that has nothing to do with the product or its feasibility, but rather with the cumbersomeness of procedures.
 
Data from the Iraqi Ministry of Planning indicate that the
private sector's contribution to GDP rose from 32.4% in 2020 to approximately 39.5% in 2024.
 
However, this percentage, while encouraging on paper, does not reflect a real shift in the state's investment philosophy.
 
Rather, it demonstrates the pressures on the state itself, given recurring financial crises and the shrinking capacity of the public sector to absorb additional employment.
 
In contrast, neighboring countries—such as Jordan, Turkey, and the UAE—  continue to attract Iraqi projects,   not through exceptional financial privileges,  but rather through  clear procedures,  consistent policies, and  global market confidence in their legal and regulatory systems —something Iraq still lacks today.
 
This investor's experience, as reported by Al-Marsoumi, is not an exception. Rather, it embodies a recurring pattern, according to observers of Iraqi investment affairs, spanning sectors  from agriculture to industry,  from technology to services.  Cumbersome procedures, a lack of transparency, the   absence of commercial arbitration, and conflicting jurisdictions   all constitute what can be termed a "soft repellent environment,"
 
one that doesn't expel investors by administrative order,  but rather exhausts them until they withdraw voluntarily,  burdened with disappointment and hesitation.
 
Some researchers argue that the question is not "Why did he choose Jordan?"   but "Why did he not find in his country an incentive to stay?"
 
When neighboring countries become more attractive to Iraqi projects than Iraq itself, the   fault lies not in the capital,   but in the infrastructure that is supposed to accommodate it.
 
When an Iraqi-funded water plant is built in Amman, the irony lies not in the location,  but in the deep gap in trust it reveals in the state, not the project.   https://baghdadtoday.news/279861-.html    

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

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

Good Evening Dinar Recaps,

Trump’s Tariff Deadline Hits: Who Has a Deal—and Who’s on the Brink of Trade War?

With hours to go before the U.S. imposes sweeping new global tariffs, the world is holding its breath. On Friday, August 1, President Donald Trump’s long-threatened reciprocal tariffs will take effect, reshaping global trade with abrupt force.

A Trade Flashpoint Years in the Making

More than 120 days after declaring “Liberation Day” in April, Trump’s administration is now set to begin enforcing tariffs ranging from 15% to 50%, or more, on countries that failed to finalize new deals with Washington. Sectors like steel, copper, pharmaceuticals, and electronics will bear the brunt.

Trump remains unyielding:

“THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE – IT STANDS STRONG, AND WILL NOT BE EXTENDED,” he posted on Truth Social.

Winners: Countries That Secured Deals

A handful of U.S. partners have locked in agreements, accepting tariff increases in exchange for continued market access, U.S. investment, or exemptions on key goods:

• European Union: Accepted 15% tariffs on most exports, including cars and pharmaceuticals, plus energy and investment pledges.

• Japan: Secured 15% tariff (down from 25%) with a $550B investment pledge to the U.S.

• United Kingdom: Agreed to a 10% general tariff, with a 25% sectoral tariff on metals.

• South Korea: Accepted 15% tariff in exchange for U.S. export exemptions and $350B in pledged investments.

• Indonesia: Negotiated a 19% rate by committing to Boeing aircraft purchases and trade liberalization.

• Vietnam: Settled on a 20% base tariff and 40% for transshipped goods, in return for zero tariffs on U.S. cars.

• Philippines: Accepted 19% tariffs, plus full U.S. export access and enhanced military cooperation.

• Pakistan: Agreed to a joint oil development project; specific tariff terms remain undisclosed.

Still No Deal: Trump’s Top Three Trade Partners

• Mexico: The largest U.S. trade partner ($840B/year) faces ongoing 25% tariffs. USMCA exemptions offer limited protection.

• Canada: With $700B in bilateral trade, Canada risks a 35% tariff for goods not USMCA-compliant.

• China: Trades over $530B with the U.S.; a 30% tariff is set to apply August 12 following a brief extension. Earlier rates had escalated to 145%.

On the Edge: India, Taiwan, Pakistan

• India: Faces a 25% blanket tariff, plus penalties for energy ties with Russia. Trump criticized India’s high tariffs and minimal bilateral trade.

• Taiwan: Facing a proposed 32% tariff (excluding semiconductors), final terms are still pending intense negotiations in Washington.

Little Hope: Brazil’s Breakdown

Brazil has drawn the harshest penalties: a 50% reciprocal tariff. Trump has directly linked the tariff to Brazil’s prosecution of former President Bolsonaro, calling it “economic blackmail.” Lula has called the move “an international disgrace.” Negotiations are stalled.

Wider Implications: Economic Blowback and Supply Disruptions

The Yale Budget Lab estimates that the tariffs could cost U.S. households an average of $2,400 in 2025, as prices rise across imported goods. Key industries such as electronics, clothing, and pharmaceuticals are expected to face disruptions as costs climb and supply chains reconfigure.

The IMF Weighs In

IMF Chief Economist Pierre-Olivier Gourinchas warned that the tariff war risks undermining global stability:

“Restoring stability in trade policy is essential. We urge all parties to agree on clear and predictable frameworks,” he said, in what was seen as a veiled criticism of Washington’s aggressive stance.

@ Newshounds News™
Source:  Al Jazeera

~~~~~~~~~

Trump’s 25% Tariff on India Puts BRICS Unity to the Test

U.S. tariff escalation deepens BRICS economic tensions as India faces mounting pressure over stalled trade talks.

As the August 1 deadline approaches for sweeping new U.S. tariffs, the economic standoff between Washington and New Delhi has taken a dramatic turn. President Donald Trump confirmed Tuesday that a 25% tariff on Indian imports is imminent, sending shockwaves through both bilateral relations and the broader BRICS alliance.

Despite months of negotiation, the India-U.S. trade deal remains unresolved, threatening to ignite a full-scale trade war between the world’s largest and most populous democracies. And now, with India at the epicenter of escalating BRICS economic tensions, the bloc’s cohesion is facing one of its most significant tests to date.

Trump Escalates India Tariff Threats

Speaking at a press conference Tuesday, President Trump offered no ambiguity about his position:

“They are going to pay 25%.”

When asked directly whether Indian goods would face 20–25% tariffs, Trump reiterated:

“Yeah, I think so. India has been—they’re my friends.”

But the friendship appears strained. According to U.S. Trade Representative Jamieson Greer, the path to a trade agreement remains murky:

“They [India] have expressed strong interest in opening portions of their market. We, of course, are willing to continue talking to them. But I think we need some more negotiations with our Indian friends to see how ambitious they want to be.”

Trade Deficits and Discontent

The tariff threats stem in part from a widening trade imbalance. In 2024, the United States imported $87 billion worth of goods from India while exporting only $42 billion, a deficit that has more than doubled over the past decade.

Trump has long voiced frustration over India's tariff policies, calling them among the highest in the world:

“They charge more tariffs than any other country.”

During recent talks with Indian Prime Minister Narendra Modi, Trump reportedly said:

“You’re not treating us right.”

A Crucial Moment for BRICS Solidarity

India’s rising friction with the United States comes at a time when the BRICS alliance is under increased external pressure. Trump’s tariff campaign—part of a broader strategy that includes threats against China, Brazil, and others—has placed the bloc’s unity in the spotlight.

Earlier this year, Trump briefly imposed 26% tariffs on Indian goods before suspending them amid trade talks. Now, with new tariffs back on the table, India's response may shape the BRICS bloc’s credibility in resisting Western economic coercion.

India’s reaction has been reserved but pointed. Foreign Minister Subrahmanyam Jaishankar rejected any suggestion that a trade deal was near completion:

“The announcement was premature. Negotiations are complicated and intricate.”

High-Stakes Sectors at Risk

Key Indian exports to the U.S.—including pharmaceuticals, apparel, and telecommunications equipment—stand to be hit hard by the proposed tariffs. U.S. negotiators have also raised concerns over India's digital services tax and what they call “uniquely burdensome” testing standards for imports.

With time running out, the standoff poses a serious challenge not only to India-U.S. trade ties but also to BRICS’ long-term resilience. Other members of the bloc are closely watching how India navigates Washington’s pressure.What Comes Next?

The outcome of the U.S.-India tariff dispute could have lasting consequences for BRICS. Will India compromise to secure a bilateral deal? Or will it hold firm, testing the alliance’s resolve to stand up to U.S. economic dominance?

As Trump’s August 1 tariff deadline looms, BRICS unity may be redefined not by declarations, but by decisions—and India’s next move may determine the future of the alliance’s economic architecture.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Iraq Good News Erases 87% of National +IQD RV Latest News

Iraq Good News Erases 87% of National +IQD RV Latest News

Edu Matrix:  7-31-2025

In a groundbreaking achievement for Iraq's economy, the state-owned Al-Rafidain Bank has announced the settlement of 87% of the country's foreign debt liabilities as of July 30, 2025.

This pivotal milestone, reached through strategic negotiations and successful legal actions, underscores Iraq's commitment to financial recovery and national sovereignty.

With significant concessions secured from creditors in France, the Netherlands, Turkey, and Lebanon, Iraq is enhancing its credit rating and building global trust in its financial governance.

The decline in foreign debt from $19.7 billion to $8.9 billion reflects Iraq’s focused policy reforms. Discover how this achievement paves the way for global integration and investor confidence in Iraq's fiscal stability!

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

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

The Iraqi Stock Exchange Traded Shares Worth More Than 7 Billion Dinars In One Week.

Thursday, July 31, 2025| Economic Number of readings: 164  Baghdad / NINA / The Iraq Stock Exchange announced, on Thursday, that it traded shares worth more than 7 billion dinars during five trading sessions during the last week of July.

According to market statistics, the number of traded shares during this week amounted to more than 3 billion shares, with a financial value of more than 7 billion dinars.

The ISX60 market trading index closed for the first session of the week at (977.25) points, while the index closed at the end of the week at (945.99) points, achieving a decrease of (3.30%) compared to its closing at the beginning of the session. The

ISX15 market trading index closed for the first session of the week at (1130.28) points, while the index closed at the end of the week at (1108.27) points, achieving a decrease of (1.99%) compared to its closing at the beginning of the session.

During the week, (4556) buy and sell contracts were executed on the shares of companies listed on the market. /End  https://ninanews.com/Website/News/Details?key=1243925

Iraq To Increase Oil Production In August

Time: 2025/07/31 Reading: 660 times    {Economic: Al Furat News} A government advisor revealed Iraq's intention to increase its crude oil export production over the next month.

The Prime Minister's financial advisor, Mohammed Salih, explained in a press statement that "the OPEC+ meeting held in June 2025 approved a plan to gradually ease the additional voluntary production cuts that eight countries have committed to since 2023," noting that "these countries will collectively begin gradually increasing their production by 548,000 barrels per day until September 2025."

Salih explained that Iraq had been committed to an additional voluntary cut of approximately 220,000 barrels per day since the beginning of 2024, and according to the new easing plan, it will be allowed to gradually increase its production starting next August.

The list of countries that will implement this increase includes Saudi Arabia, Iraq, the UAE, and Kuwait, in addition to Russia, Algeria, Oman, and Kazakhstan. The percentages of the increase will be distributed differently among these countries, based on an internal agreement within the alliance.

The Organization of the Petroleum Exporting Countries and its allies in the OPEC+ alliance decided to increase the production of eight member countries, as part of a plan to gradually ease the voluntary cuts, starting in August 2025 and continuing until September of the same year.

It is noteworthy that the federal government announced on July 17 that it had reached an agreement with the Kurdistan Regional Government to resume crude oil exports from the region, after a halt of more than two years, following drone attacks targeting the region's oil fields.

The agreement stipulates that "the regional government shall immediately begin delivering all oil produced from the region's fields to the State Oil Marketing Organization (SOMO) for export, provided that the current delivered quantity is not less than 230,000 barrels per day, to which any increase in production will be added."

Under the agreement, the federal Ministry of Finance is obligated to pay the regional government an advance of $16 for each barrel delivered, while 50,000 barrels per day are allocated for domestic consumption within the region.

Iraq is OPEC's second-largest oil producer, exporting approximately 3.5 million barrels of crude oil per day.    LINK

Oil Prices Continue To Rise For The Fourth Consecutive Day.

Energy  Economy News - Follow-up   Oil prices rose for a fourth consecutive day on Thursday as investors fretted over supply amid US President Donald Trump's efforts to quickly resolve the war in Ukraine and his threats to impose tariffs on countries that buy Russian oil.

Brent crude futures for September delivery, which expire on Thursday, rose 27 cents, or 0.4%, to $73.51 a barrel by 00:28 GMT. US West Texas Intermediate crude for September delivery rose 37 cents, or 0.5%, to $70.37 a barrel. Both benchmarks settled 1% higher on Wednesday.

Brent crude for October delivery rose 29 cents, or 0.4%, to $72.76. "Buying interest continues to be supported by concerns that secondary tariffs on countries importing Russian crude will lead to supply cuts," said Toshitaka Tazawa, an analyst at Fujitomi Securities.

Trump threatened on Tuesday that he would begin imposing measures on Russia, including 100% secondary tariffs on its trading partners, if it did not make progress toward ending the war within 10 to 12 days, shortening a previous 50-day deadline. Trump said on Wednesday that the United States was still negotiating with India on trade, after announcing earlier in the day that the United States would impose a 25% tariff on goods imported from India starting Friday.

The United States also warned China, the largest buyer of Russian oil, that it could face hefty tariffs if it continues purchasing. The US Treasury Department announced new sanctions on Wednesday against more than 115 individuals, entities, and vessels linked to Iran, a sign that the Trump administration is intensifying its "maximum pressure" campaign against Iran after the bombing of key nuclear sites in June. China is the largest buyer of Iranian oil.

Meanwhile, U.S. crude oil inventories rose by 7.7 million barrels in the week ending July 25 to 426.7 million barrels, driven by lower exports, the Energy Information Administration reported Wednesday. Analysts had expected inventories to decline by 1.3 million barrels. https://economy-news.net/content.php?id=58145

After A Month Of Declines In Its Prices, Gold Is On The Rise Globally
Economy | 07/31/2025  Mawazine News - Follow-up  Gold prices rose on Thursday from a monthly low recorded in the previous session, as uncertainty over new US tariffs increased the yellow metal's appeal.
Spot gold rose 0.8% to $3,301.49 per ounce by 06:12 GMT, after hitting its lowest level since June 30 at $3,267.79 on Wednesday.   US gold futures were steady at $3,295.80 per ounce. https://www.mawazin.net/Details.aspx?jimare=264434

A New Rise In The Dollar Exchange Rate In Baghdad

Economy | 07/31/2025  Mawazine News - Baghdad -  The dollar exchange rate witnessed a significant rise against the Iraqi dinar this Thursday morning in local markets in Baghdad.The selling price reached 140,750 dinars for $100, while the buying price reached 138,750 dinars for $100.   https://www.mawazin.net/Details.aspx?jimare=264431

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

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

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

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

***********

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