Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-16-25

Good Afternoon Dinar Recaps,

China & Brazil to Announce ‘Bold BRICS Masterplan’ for the Global South
Source: 

Strategic Push to Counter U.S. Trade Dominance
China and Brazil are reportedly preparing a major BRICS initiative aimed at empowering the Global South to reduce its dependence on the U.S. dollar and resist U.S. trade and tariff pressures.

The plan seeks to strengthen ties among emerging economies, enabling them to act collectively despite political or economic differences.

• It is positioned as a direct response to Washington’s ongoing trade conflicts and tariff threats, which have driven developing nations to pursue more independent economic agendas.

BRICS’ Economic Ambition: Toward a Multicurrency World
The upcoming masterplan, expected to be announced alongside a joint statement opposing U.S. trade policies, envisions a shift away from dollar dominance toward a multicurrency trading framework.

• The U.S. dollar is viewed by BRICS members as a constraint on their economic growth.

• China is expected to promote the yuan as a viable alternative, advancing Beijing’s broader goal of internationalizing its currency for global trade use.

Geopolitical Context and U.S. Tensions
Former President Donald Trump’s threats of tariffs against BRICS have been met with relative silence from Washington in recent days.

• China and Brazil, however, continue to move forward with the masterplan’s details behind closed doors.

• The initiative aims to capitalize on anti-U.S. sentiment in the developing world, positioning BRICS as a counterweight to U.S.-led financial systems.

India’s Changing Stance
Even India—once at odds with China following the deadly 2020 border clash—is signaling interest in mending ties.

• According to Bloomberg, Prime Minister Narendra Modi is reviving dialogue with Beijing to negotiate new trade deals and improve relations.

• This thaw in relations could enable India to play a more active role in the Global South-focused BRICS strategy.

Outlook
If successful, the China-Brazil-led BRICS masterplan could reshape trade and currency flows for developing nations, accelerating the bloc’s push toward a post-dollar global economy and redefining its influence across the Global South.

@ Newshounds News™
Source:  Watcher.Guru

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Iraq Economic News and Points To Ponder Saturday Morning 8-16-25

An Economic Expert Proposes Amending The Criteria For Iraqi Banking Reform.
 
Energy and Business     Central Bank of Iraq     banking reform  2025-08-14
Twilight News – Baghdad  He called Economist Ahmed Abdel Rabbo called on Thursday for amending the banking reform criteria. Announced by the Central Bank of Iraq, by adding a paragraph allowing some banks to operate Internally,under the supervision of the Central Bank, while the rest of the banks apply international standards in If she wants to work internationally. 

Abdul Rabbo told Shafaq News Agency, "The Governor of the Central Bank, Ali Al-Alaq, revealed a comprehensive plan for banking reform, and he is counting on the media's important role in clarifying this issue in a  transparent and   accurate manner."

He explained that "among the proposals proposed by specialists to the Governor of the Central Bank is allowing  some banks to operate internally under the direct supervision of the bank, while the remaining banks apply international standards with partners such as Oliver Wyman."

And between  "There is importance in opening an expanded dialogue between the Central Bank and Iraqi banks to clarify... The technical aspects of the document, and discussing the mechanisms for implementing reform in a gradual manner, taking into account Taking into account the specificity of the Iraqi economic reality, there is also the need to commit to reform. In principle, with the 
formulation of  standards and  procedures in a manner that enhances confidence in the banking sector. 

And contributes to its development. He pointed out Abdul Rabbo, to  "the importance of adopting a participatory and consultative approach between the Central Bank and banks,

By forming joint technical committees to review reform requirements and ensure their compatibility with reality. National financial and economic, while maintaining a balance between reform requirements and banks' capabilities. Iraqi, and  ensures the protection of the interests of local and international investors And workers in the sector.

It is indicated  The Governor of the Central Bank of Iraq, Ali Al-Alaq, held a meeting the day before yesterday. Tuesday, with the global company "Oliver Wyman", to discuss the details of the plan The banking reform presented by the Iraqi Private Banks Association,  as part of the efforts   Aiming to develop the banking sector and   align it with international standards.      
https://shafaq.com/ar/اقتصـاد/خبير-اقتصادي-يقترح-تعديلا-في-معايير-ال-صلاح-المصرفي-العراقي   

10 Iraqi Banks Are Under Liquidation, And The Central Bank Remains Silent.
 
August 14, 2025 Last updated: August 14, 2025  Al-Mustaqilla/- The Governor of the Central Bank of Iraq recently revealed that  10 Iraqi banks are facing liquidation due to their inability to fully provide services to customers.
 
In addition, some banks are facing sanctions that prevent them from dealing in US dollars.
 
Despite the governor's announcement, the Central Bank has yet to publish an official list of these banks on its website, raising questions about why this information has not been disclosed to customers and relevant authorities.
 

An informed source confirmed that the number of banks subject to liquidation may increase in the coming days, given the ongoing financial pressures and operational difficulties facing some banking institutions.
 
This development comes at a time when the Central Bank is seeking to enhance financial stability and protect customer funds, but it faces significant challenges in enforcing transparency and accountability for struggling banks.
 
Analysts suggest that not announcing the names of the banks may be aimed at  avoiding customer panic or  speculation on deposits,  but it also raises     investor concerns and raises   questions about the effectiveness of banking oversight in Iraq.
 
As these developments continue,  citizens and customers await a detailed official statement from the Central Bank  revealing the names of the affected banks and the  measures taken to guarantee depositors' rights.      https://mustaqila.com/10-مصارف-عراقية-تحت-التصفية-والبنك-المر/ 

Rafidain Bank Signs An Agreement With An American Company In The Field Of Financial Consulting And Oversight.
 
Baghdad Today – Baghdad   Rafidain Bank announced, on Friday (August 15, 2025), the signing of a professional partnership agreement with the American company "K2 Integrity" in the field of financial consulting and oversight. 

Rafidain Bank said in a statement received by Baghdad Today, "In a new strategic step that reflects Iraq's growing financial standing on the international stage, the headquarters of the Embassy of the Republic of Iraq in Washington witnessed the signing of a professional partnership agreement between  Rafidain Bank and the  American company K2 Integrity, a global leader in the field of financial and regulatory consulting." 

He added that "the agreement includes providing a comprehensive package of services, including
     combating money laundering and terrorist financing,
     implementing compliance systems in line with international standards, and
     strengthening the regulatory infrastructure of Iraqi banks."

 He noted that "this cooperation is part of the Iraqi government's strategy   to build a strong and transparent financial sector capable of keeping pace with global economic transformations and   consolidating Iraq's position as a promising financial center in the region."
 
According to the statement, Rafidain Bank's General Manager and Chairman of the Board of Directors, Ali Karim Hussein Zahir Al-Fatlawi, emphasized that
 
"this partnership represents a qualitative leap forward in the path of banking reform," noting that 
"the agreement will contribute to
     strengthening confidence in Iraqi banks and
     opening up broader horizons for cooperation with correspondent banks around the world,
     supporting the government's goals of
     building a strong, transparent financial sector that is
          consistent with international best practices."

The statement noted that  "this signing is an extension of the government's approach to launching strategic projects that  strengthen Iraq's position as a promising financial center in the region and
    consolidate its image as a country capable of keeping pace with global economic transformations with confidence and competence."
 
In a related development, US Representative Joe Wilson accused the state-owned Rafidain Bank on Friday of conducting financial transactions with the Houthi group in Yemen, threatening to cut off US financial support to Iraq as a result.  

Wilson wrote in a post on his X account that "the Iraqi state-owned Rafidain Bank is conducting financial transactions for the Houthis, a terrorist organization," adding, "We have a name for these countries: state sponsors of terrorism." He continued,
 
"I will work to cut off funding to Iraq during the next appropriations legislation" in the US budget. Wilson also urged the US Treasury to "punish" Rafidain Bank.    https://baghdadtoday.news/280964-.html  

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 8-16-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins Unveils Plan to Make U.S. a Global Crypto Leader During ‘Project Crypto’ Speech

SEC Commissioner Paul Atkins has outlined an ambitious new initiative — Project Crypto — aimed at positioning the United States as the global hub for cryptocurrency innovation. His remarks focused on building a clear regulatory framework for digital assets, safeguarding investors, and integrating blockchain technology into existing financial systems.

SEC Mobilizing to Update Crypto Rules

Atkins confirmed that the U.S. Securities and Exchange Commission (SEC) is actively reviewing rules related to the custody and handling of digital assets. This includes guidance for broker-dealers, asset managers, and investment advisers to conduct cryptocurrency transactions safely and legally.

“It [Project Crypto] is to modernize rules and regulations, enabling America’s financial markets to move on chain and make America the crypto capital of the world. The SEC will not stand by and watch innovations develop overseas — it’s going to happen here,” Atkins told Fox Business.

He cited the President’s Working Group on Digital Assets report, which offers recommendations to align U.S. markets with President Donald Trump’s vision for digital finance. The SEC is consolidating its departments to implement these strategies, with a particular focus on modernizing rules that are nearly 90 years old.

Atkins emphasized secure digital asset custody, noting that crypto should not be stored on unsecured devices like flash drives, and called for clear, stable regulations to boost industry confidence.

GENIUS Act as the Regulatory Backbone

Atkins stated that the SEC’s updated crypto rules will be built around existing laws passed by Congress, including the GENIUS Act, a legislative cornerstone for financial modernization.

He also referenced:

• A North Dakota court ruling striking down the Durbin debit interchange rule — potentially opening the door for more crypto-based payment systems.

• A recent executive order allowing 401(k) retirement plans to invest in alternative assets, including crypto and private equity.

Atkins warned that the number of public companies in the U.S. has dropped by half over the past three decades, underscoring the need for diversification in investment strategies.

A Shift in SEC’s Approach

These remarks signal a major shift in the SEC’s stance toward digital assets — from caution to proactive innovation support. Project Crypto represents a coordinated effort to protect investors while ensuring that the U.S. remains competitive in the global blockchain economy.

@ Newshounds News™
Source:  Coinpedia

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US Federal Reserve to End Oversight Program for Banks’ Crypto Activities

Federal Reserve to Sunset “Novel Activities Supervision Program”
The U.S. Federal Reserve announced it will end a program specifically designed to monitor banks’ activities in the digital assets sector, instead folding such oversight into its standard supervisory process.

The “novel activities supervision program”, created in August 2023, was established to oversee activities involving crypto assets and distributed ledger technology (DLT). It focused on banks providing deposits, payments, and lending to crypto-related firms and fintechs, with an emphasis on risk management and safety.

In a formal notice, the Fed said:

“Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices. As a result, the Board is integrating that knowledge and the supervision of those activities back into the standard supervisory process and is rescinding its 2023 supervisory letter creating the program.”

Political Context and Leadership Shifts
The move comes amid heightened political attention on the Fed. U.S. President Donald Trump has repeatedly challenged the central bank’s independence, particularly regarding interest rate policy, and has openly criticized Chair Jerome Powell, whom he appointed in 2017.

• Powell’s term as chair runs until May 2026, though his term as a Fed governor continues until January 2028.

• Adriana Kugler, a Fed governor and member of the Federal Open Market Committee, resigned on Aug. 8.

• Trump has nominated Stephen Miran, Chair of the Council of Economic Advisors, to fill Kugler’s seat until January 2026, when a permanent replacement is expected to be appointed.

Key Takeaway
The Fed’s decision signals a shift from targeted crypto oversight toward incorporating such monitoring into routine banking supervision—a potential sign of growing institutional familiarity with digital asset activities in the traditional financial system.

@ Newshounds News™
Source:  Cointelegraph

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Stablecoin Concerns: U.S. Banking Associations Push for Legislative Fixes

Banking Industry Flags Loopholes in New Stablecoin Legislation
In a letter to the Senate Banking Committee, banking associations representing all 50 states urged lawmakers to amend the recently proposed stablecoin legislation, warning of loopholes that could undermine the integrity of the U.S. financial system.

The associations stressed the need for a clear and robust regulatory framework for the digital asset market, noting that current legislative choices will shape the efficiency, fairness, and stability of the financial system for years to come.

Key Recommendation: Strengthen Interest Payment Prohibitions
While the legislation prohibits stablecoin issuers from offering yield, the banking groups argue that this rule can be “easily circumvented” if exchanges or affiliates provide rewards to stablecoin holders.

• Such incentives, they warned, could distort market dynamics and reduce bank deposits, impairing credit creation.

• The letter calls on Congress to extend the interest payment ban to digital asset exchanges, brokers, dealers, and related entities to protect the traditional banking system’s role in credit intermediation.

Concerns Over State Authority and Oversight
The associations also targeted Section 16(d) of the GENIUS Act, which allows uninsured, out-of-state-chartered institutions (e.g., Special Purpose Depository Institutions) to operate without host state approval.

• They argue this undermines the dual banking system and state oversight, both of which are critical for safety, soundness, and consumer protection.

• The letter urges Congress to repeal Section 16(d) to preserve state licensing authority and ensure fair competition.

Protecting the Separation of Banking and Commerce
Another highlighted risk is the potential for nonfinancial companies to act as payment stablecoin issuers.

• Historically, the separation of banking and commerce has prevented conflicts of interest and excessive concentration of economic power.

• While the GENIUS Act prohibits stablecoin issuance by nonfinancial public companies, it contains exception pathways that the banking groups say could invite regulatory arbitrage and complicate oversight.

Bottom Line
The banking associations are urging Congress to close these loopholes to safeguard the traditional financial system while enabling the responsible development of digital payment technologies.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

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MilitiaMan and Crew: Iraq Dinar News Update-Mechanism-KRG Oil-CBI & IFC-Reforms

MilitiaMan and Crew:  Iraq Dinar News Update-Mechanism-KRG Oil-CBI & IFC-Reforms

8-15-2025

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

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=VIeXQK4D-pI

Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-15-25

Good Afternoon  Dinar Recaps,

BRICS Expansion in 2026: African Representation, De-Dollarization, and Global Power Shifts

The BRICS alliance is experiencing an unprecedented wave of growth, with 32 nations actively seeking membership. The BRICS Expansion 2026 initiative has accelerated momentum—especially from African nations—seeking greater representation and influence in global economic governance.

From 5 to 11 Members: A Rapid Growth Trajectory

• BRICS now counts 11 full members, with recent additions including Egypt, Ethiopia, Iran, UAE, Indonesia, and Saudi Arabia (formally joining in July 2025).

• This expansion marks a significant step toward challenging Western-dominated institutions and promoting multipolar economic frameworks.

• South African Minister Ronald Lamola has been a driving force for African representation, lobbying for Nigeria and Angola as potential new members.

African Nations & the Push for Economic Sovereignty

• BRICS membership offers infrastructure financing and reduced dependency on the U.S. dollar.

• Egypt’s 2023 entry stands as a model, showcasing how BRICS membership can transform economic capabilities through local currency settlements and development funding.

• Lamola emphasized unity, stating:
  “We can only grow and expand as friends when we work together for the development of our mutual sister nations.”

De-Dollarization as a Strategic Priority

• The New Development Bank (NDB) is central to BRICS’ de-dollarization strategy, with 30% of financing in local currencies to limit dollar exposure.

• Since 2016, the NDB has funded 96 projects worth $32 billion, positioning it as one of the largest alternative financing institutions outside Western control.

• This shift aligns with the bloc’s goal of building a resilient, multipolar financial system.

Future Expansion & Geopolitical Tensions

• 23 nations have submitted official applications, with Bahrain, Malaysia, Turkey, and Vietnam among top candidates.

• Energy-rich countries are drawn to BRICS for oil cooperation and alternative financial structures.

• Internal dynamics could slow expansion:

• China & Russia advocate for rapid enlargement.

• Brazil & India push for a more cautious, criteria-based selection process.

Global Backlash & Shifting Power

• UN Secretary-General António Guterres criticized the Bretton Woods system, noting:
  “This system was created by rich countries to benefit rich countries. Practically no African country was sitting at the table of the Bretton Woods Agreement.”

• President Trump’s tariff threats underscore Western concerns over BRICS’ growing influence.

• Despite opposition, the bloc’s expansion and de-dollarization strategy continues to challenge U.S. dollar dominance in global trade.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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Iraq Economic News and Points To Ponder Late Thursday Evening 8-14-25

Gold Continues To Gain As Expectations Of Interest Rate Cuts Grow And The Dollar Declines.

Time: 2025/08/14 09:45:00 Reading: 360 Times  {Economic: Al Furat News} Gold prices continued their rise for the third consecutive session on Thursday, supported by growing expectations that the US Federal Reserve will cut interest rates in September following weak inflation data, which pressured the dollar.

Spot gold rose 0.2% to $3,359.81 per ounce by 04:10 GMT. US gold futures for December delivery rose 0.3% to $3,408.50.

The dollar held near multi-week lows against major currencies, making gold cheaper for holders of other currencies, while U.S. Treasury yields remained near their lowest levels in a week.

Among other precious metals, silver rose 0.1% to $38.56 an ounce, platinum fell 0.2% to $1,337.12, and palladium rose 1.5% to $1,139.32.  LINK

The Dollar Price Fell In Local Markets Today With The Closing Of The Stock Exchange

Thursday, August 14, 2025, | Economic Number of readings: 120  Baghdad/ NINA / The dollar prices decreased in Baghdad markets today, with the closing of the stock exchange.

The dollar prices witnessed a slight decrease with the closing of Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 140,450 dinars for $100, while this morning it recorded 140,500 dinars for $100.

Selling prices in exchange shops in local markets in Baghdad also witnessed stability, as the selling price reached 141,500 dinars for $100, while the purchase price reached 139,500 dinars for $100.

In Erbil, the dollar recorded stability, as the selling price reached 140,450 dinars for every $100, and the purchase price reached 140,350 dinars for $100. https://ninanews.com/Website/News/Details?key=1246368

A UN Report Shows Iraq's Progress In Sustainable Development

Local | 08/14/2025   Mawazine News - Baghdad:  The United Nations Country Team in Iraq has released its 2024 Annual Results Report, highlighting the transformative achievements Iraq has made in partnership with the United Nations, accelerating its progress towards achieving the Sustainable Development Goals and national priorities.

This report, prepared in close collaboration with the Government of Iraq, marks the end of the United Nations Sustainable Development Cooperation Framework for 2020-2024.

The report documents the combined impact of the partnerships of 23 UN agencies with national institutions, civil society, the private sector, and international partners.

According to the report, the United Nations and the Government of Iraq have achieved tangible progress in several areas, most notably: social cohesion, where community peacebuilding was strengthened, women and youth were empowered as peacebuilders, and assistance was provided for the safe and dignified return of displaced persons.

Initiatives also contributed to protecting the rights of minorities and supporting the most vulnerable groups. 2024 saw the first national census in over 30 years, supported by the United Nations.

The report added, "There is also economic growth through a focus on policy development, strengthening the education and vocational training sector, and encouraging entrepreneurship.

This cooperation has contributed to creating a more resilient and inclusive economy, particularly by supporting micro, small, and medium enterprises and providing financial and technical assistance to women and the most vulnerable groups.

It continued, "Also in the field of public services, the United Nations provided assistance with legislative reforms, strengthening institutional capacities, and digital governance strategies.

 Achievements included the digitization of the Water Safety Plan and the "Back to Learning" campaign, in addition to supporting customs automation through the Automated System for Customs Data (ASYCUDA), which contributed to enhancing trade. In the field of environment and climate change, a national environmental strategy was developed and biodiversity targets were adopted.

The United Nations Climate Change Conference (COP29) represented an opportunity for Iraq to showcase its efforts towards a green transformation, as an Iraqi youth delegation participated to present innovative ideas and solutions."  https://www.mawazin.net/Details.aspx?jimare=265093

Iraq Ranked 86th Globally And 10th In The Arab World In E-Commerce In 2025

Money and Business   Economy News – Baghdad   Iraq ranked 86th globally and 10th in the Arab world in online shopping by 2025, according to a report published by the American magazine "CEOWORLD."

The report stated that "the ranking was based on several factors, including the time individuals spend online each week, the percentage of online shoppers each month, and the average income spent through online platforms."

He added, "The number of online shoppers worldwide currently stands at 2.64 billion, representing more than 33% of the world's population, while total e-retail sales have reached approximately $6.31 trillion."

According to the report, "The United States topped the list, accounting for 57.54% of total online retail sales, followed by China in second place, Japan in third place, India in fourth place, Hong Kong in fifth place, and Singapore in sixth place."

Iraq ranked 86th globally and 10th in the Arab world, with a spending rate of 30.41% of total online retail sales.

In the Arab world, the UAE topped the list, ranking 13th globally, followed by Saudi Arabia, which came in second place, ranking 26th globally, followed by Qatar, which came in third place, Kuwait, which came in fourth place, Bahrain, which came in fifth place, Morocco, which came in sixth place, the Sultanate of Oman, which came in seventh place, Lebanon, which came in eighth place, Jordan, which came in ninth place, Iraq, which came in tenth place, followed by Yemen, which came in eleventh place, Tunisia, which came in thirteenth place, Algeria, which came in fourteenth place, and Egypt, which came in fifteenth place.    https://economy-news.net/content.php?id=58784

A Slight Decrease In Basra Crude Prices

Thursday, August 14, 2025, | Economic  Number of reads: 257   Baghdad / NINA / Basra Heavy and Medium crude oil prices fell on Thursday by more than one dollar.

Basra Heavy crude prices fell 92 cents, or 1.40%, to reach $64.65, while Medium crude prices fell 92 cents, or 1.34%, to reach $67.90.

Oil prices rose slightly today, regaining strength after a wave of selling in the previous session, with risk premiums rising in the market due to the upcoming meeting between US President Donald Trump and his Russian counterpart Vladimir Putin.  Brent crude reached $65.91, while US crude reached $62.89. / End   https://ninanews.com/Website/News/Details?key=1246311

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

Seeds of Wisdom RV and Economic Updates Friday Morning 8-15-25

Good Morning Dinar Recaps,

Stablecoins Poised to Reshape U.S. Monetary Policy by 2030

New report projects $1 trillion annual payment volume and major impact on Treasury markets

A joint report from Keyrock and Bitso forecasts that stablecoins could reach $1 trillion in annual payment volume by 2030, representing 10% of the U.S. money supply and holding 25% of the U.S. Treasury bill market with a $2 trillion supply.

The research suggests stablecoins can process payments up to 13 times cheaper than traditional banks, with instant settlement, creating what it calls a “new financial operating system” that removes intermediaries and accelerates global value exchange.

Market Growth and Macroeconomic Impact

• Stablecoin market surged from $4 billion in 2020 to over $280 billion in 2025.

• Monthly settlements reached $1.39 trillion in the first half of 2025.

• Major issuers now rank 17th globally in U.S. Treasury holdings — ahead of South Korea, Germany, and Saudi Arabia.

• Stablecoin inflows can influence Treasury yields, making issuers active players in bond markets.

Evolving Payment Infrastructure

The report highlights the “stablecoin sandwich” model:

1. Fiat on-ramp

2. On-chain stablecoin transfer

3. Fiat off-ramp

This structure replaces correspondent banks with programmable, instant settlement bridges.
Other innovations include:

• Virtual USD accounts — mimic U.S. bank accounts but run on blockchain.

• Self-custody options reducing reliance on local banking.

• Proprietary stablecoins launched by major fintech firms to control payment networks.

Programmability and New Applications

Programmable stablecoins could enable:

• Trustless escrow

• Automated corporate liquidity management

• Real-time payroll

• IoT micropayments based on sensor data

FX Market Disruption

The $7.5 trillion daily foreign exchange market is a prime target:

• On-chain FX enables instant, risk-free settlement (T+0, 24/7).

• Could eliminate pre-funding inefficiencies that tie up $27 trillion in global bank accounts.

• Stablecoin-powered platforms achieve far higher capital turnover than traditional money transfer operators.

Regulatory Tensions

• U.S. banking associations warn that yield-bearing stablecoins could trigger $6.6 trillion in deposit outflows, destabilizing banks.

• Banks are lobbying for tighter GENIUS Act restrictions.

• Coinbase and PayPal continue to offer rewards programs, claiming they are not issuers.

Cross-Border Adoption

• Stablecoins projected to facilitate 12% of global cross-border flows by 2030.

• Visa partners with Yellow Card Financial for stablecoin payments in 20 African countries.

• Mastercard integrates Chainlink to enable crypto purchases for 3 billion cardholders.

Bottom line: Stablecoins are rapidly evolving from niche digital assets to a core component of global finance, with the potential to reshape U.S. monetary policy, disrupt the FX market, and challenge traditional banking models.

@ Newshounds News™

Source: Cryptonews

~~~~~~~~~

U.S. Treasury Reaffirms Plans for Strategic Bitcoin Reserve

Secretary Bessent walks back earlier remarks that rattled markets

U.S. Treasury Secretary Scott Bessent clarified Thursday that the department is still exploring budget-neutral ways to purchase Bitcoin for the nation’s Strategic Bitcoin Reserve — reversing comments made earlier in the day that had triggered a $55 billion market sell-off.

“Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world,’”
— Scott Bessent, via X

Bessent reiterated that Bitcoin forfeited to the federal government would remain the foundation of the reserve.

Market Impact

• Initial FOX Business interview was interpreted as Treasury abandoning Bitcoin purchases.

• Within 40 minutes, Bitcoin’s price fell from $121,073 to $118,886.

• Clarification later in the day eased concerns, but Bitcoin remained near $118,500.

Ongoing Strategy & Delays

• Strategic Bitcoin Reserve established by Executive Order (March 6), alongside a Digital Asset Stockpile.

• Reserve currently relies on seized crypto assets from criminal cases.

• Additional purchases require budget-neutral funding — meaning no extra taxpayer cost.

• Proposed funding ideas include:

• Reevaluating Treasury’s gold certificates.

• Using tariff revenue.

• Treasury has been in the “exploration” phase for five months, frustrating some industry leaders.

Criticism from the Crypto Sector

• Bitcoin mining firm Braiins CEO Eli Nagar criticized the slow pace:

“At some point, exploration without execution starts to look like avoidance.”

• Concerns persist that other nations could front-run U.S. Bitcoin accumulation.

Congressional Role

• Treasury may need Congressional approval for budget-neutral Bitcoin purchases.

• Sen. Cynthia Lummis urged lawmakers to advance her BITCOIN Act to facilitate the process.

No Plans to Sell

• Bessent confirmed that U.S. will stop selling its Bitcoin holdings.

• Estimated current holdings:

• 198,012 BTC (BitBo data).

• Valued between $15B–$23.5B depending on market price.

Bottom line: Despite market confusion, the Treasury’s Bitcoin strategy remains intact but slow-moving, with political hurdles and funding mechanics still unresolved. The U.S. remains one of the largest national holders of Bitcoin — but the pace of accumulation may determine whether it can meet its goal of becoming the world’s Bitcoin superpower.

@ Newshounds News™
Source: Cointelegraph

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Ripple CTO Says XRP Ledger Ready to Power the Future of Global Financial Infrastructure

Ripple CTO David Schwartz says the XRP Ledger (XRPL) is fully equipped to serve as a cornerstone of global financial systems, noting that Ripple has been building toward this vision for over 13 years.

In a detailed post on X, Schwartz addressed the recent wave of stablecoin and payment companies launching their own blockchains, viewing it as confirmation that blockchain has become essential to financial infrastructure. He stressed that while launching a blockchain is challenging, building a trusted ecosystem with liquidity, real-world adoption, and active developers is even harder — an area where XRPL has a long-standing advantage.

Key Differences and Advantages of XRPL

• Unlike some blockchains that use permissioned validators — placing control in a few hands — XRPL is public and permissionless by default, offering greater resilience and global reach.

• The network also supports optional permissioned features for regulated, compliance-driven use cases.

• Low, predictable transaction fees with no separate gas token; transactions are paid in XRP, which also acts as a bridge asset for cross-border payments.

Influence on Newer Chains
Schwartz noted that newer blockchains are beginning to adopt XRPL-inspired features such as deterministic finality and the Proof-of-Authority (PoA) consensus mechanism, which ensure predictable and reliable settlement — key for institutional financial applications.

Looking Ahead
The Ripple CTO anticipates upcoming XRPL upgrades will enhance programmability, expand liquidity, and add compliance-grade capabilities for institutions. He welcomed new blockchain developers to “the party,” framing the industry’s rapid expansion as a positive sign of mainstream adoption.

@ Newshounds News™
Source: The Crypto Basic

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Iraq Economic News and Points To Ponder Thursday Afternoon 8-14-25

Iraqi Banks Are Under Liquidation, And The Central Bank Remains Silent. 
 
August 14, 2025 Last updated: August 14, 2025  Al-Mustaqilla/- The Governor of the Central Bank of Iraq recently revealed that  10 Iraqi banks are facing liquidation  due to their inability to fully provide services to customers.
 
In addition, some banks are facing sanctions that prevent them from dealing in US dollars.

Despite the governor's announcement, the Central Bank has yet to publish an official list of these banks on its website,  raising questions about why this information has not been disclosed to customers and relevant authorities.
 
An informed source confirmed that the number of banks subject to liquidation may increase in the coming days,  given the    ongoing financial pressures and    operational difficulties facing some banking institutions.
 
This development comes at a time when the  Central Bank is seeking to  enhance financial stability and
protect customer funds, but it faces significant challenges in enforcing  transparency and
 accountability  for struggling banks.
 
Analysts suggest that not announcing the names of the banks may be aimed at   avoiding customer panic or    speculation on deposits, but it also   raises investor concerns and   raises questions about the effectiveness of banking oversight in Iraq.
 
As these developments continue, citizens and customers await a detailed official statement from the Central Bank  revealing the names of the affected banks and the measures taken to guarantee depositors' rights.https://mustaqila.com/10-مصارف-عراقية-تحت-التصفية-والبنك-المر/   

Compared To Last Year, Expert: Non-Oil Revenues Declined By 43.6%
economy | - 08/14/2025  Mawazine News - Baghdad -  Economic expert Nabil Al-Marsoumi revealed on Thursday that non-oil revenues in Iraq declined during the first half of 2025, reaching 4.951 trillion dinars, compared to 7.118 trillion dinars in the same period last year, a decrease of 2.167 trillion dinars, or 43.6%.

Al-Marsoumi said in a post on his Facebook account, followed by Mawazine News, that "this decline is the result of lower revenues from income and wealth taxes and fees," noting that "planned non-oil revenues in the three-year budget amounted to 27 trillion dinars, which means a large gap between planned and actual revenues by the end of the year, which will lead to an increase in the actual deficit in the general budget."

He added that "the data showed a decline in the contribution of non-oil revenues to general revenues to only 8%, compared to 11% in the first half of 2024, a percentage far from the government's target of 20%."   https://www.mawazin.net/Details.aspx?jimare=265088

Why Have Non-Oil Revenues Declined In Iraq? Nabil Al-Marsoumi Answers.
 
August 14, 2025  Baghdad/Iraq Observer  Economist Nabil Al-Marsoumi explained the  decline in non-oil revenues in Iraq during the first half of 2025,  after recording a modest figure of 4.951 trillion dinars, compared to 7.118 trillion dinars in the first half of last year,    a decrease of 2.167 trillion dinars, or a decrease of 43.6%.

He attributed this decline to a decline in revenues from income and wealth taxes and fees. 
He explained in a post on his Facebook account that planned revenues in the three-year budget amounted to 27 trillion dinars, and therefore the gap between planned and actual non-oil revenues will be large at the end of the year,   thus increasing the actual deficit in the general budget. 

He stressed that this decline in non-oil revenues led to a decrease in their contribution to public revenues to only 8%, while they contributed 11% during the same period in 2024. This percentage is far from the target number in the government program, which is 20%.     https://observeriraq.net/لماذا-تراجعت-الإيرادات-غير-النفطية-في/   

Development Plan 2024–2028: Iraq Moves Towards A Productive Economy With Revenues Exceeding 700 Trillion Dinars

Reports  Economy News – Baghdad  In one of the most significant economic transformations in recent years, the Iraqi government has begun implementing the National Development Plan for 2024–2028. The plan aims to transform the national economy by diversifying sources of income and reducing dependence on oil, while also addressing unemployment and boosting investment in vital sectors.

The plan, supported by a clear government vision and political will, includes profound structural reforms and precise performance indicators that are monitored periodically. This comes at a time when projected revenues are estimated at more than 710 trillion Iraqi dinars and investments exceeding 240 trillion dinars are required to achieve its goals.

While the Ministry of Planning emphasized the importance of capital allocation and investment in priority sectors, government agencies viewed the plan as a true economic lever, while economic experts considered it one of the most realistic and comprehensive plans for addressing Iraq's development challenges.

For his part, the Prime Minister's Advisor for Financial and Economic Affairs, Mazhar Mohammed Saleh, highlighted the importance of the five-year national development plan for the years 2024–2028.

Speaking to Al-Eqtisad News, Saleh emphasized that the five-year plan reflects a genuine national determination to achieve significant goals in economic progress and prosperity, noting that it relies on population census data to accurately and efficiently guide its implementation.

He added that the plan's fundamental objective is to implement profound structural reforms, transforming it from a mere written document into an economic lever capable of transforming the production and employment equation and transforming Iraq from a rentier economy to a productive and competitive one, provided it is managed efficiently as a comprehensive national mission.

The advisor pointed out that the success of the five-year plan requires a combination of institutional, financial, and executive components, most notably political will embodied in the government program, with direct support from senior leadership, which has worked to protect planning institutions from fluctuations.

He also stressed the importance of providing a binding legislative and regulatory framework to transform the plan into a law that defines objectives, resources, and responsible parties, in addition to ensuring sustainable and diversified funding consisting of oil revenues, private investments, and soft development loans.

Clear performance indicators and periodic monitoring

Saleh explained that the plan relies on precise governance and continuous monitoring based on key performance indicators (KPIs), which are reviewed semi-annually to ensure commitment and actual implementation of projects.

According to Al-Sudani's advisor, the most prominent targeted indicators include "annual GDP growth of no less than 5%, an unemployment rate of no more than 8% annually, an inflation rate of no more than 5%, and a petrochemical sector contribution of 5% to GDP."

He pointed to increasing oil production to 6 million barrels per day, utilizing associated gas by 90%, and increasing the contribution of non-oil sectors to more than 50% of national income. The plan also includes indicators related to the manufacturing, health, education, and infrastructure sectors.

Professional Management and Community Engagement

Saleh added that an important success factor is the formation of specialized implementation teams to manage projects according to international standards (PMI), without quotas or regional distribution. He emphasized the importance of civil society and private sector participation in formulating and implementing the plan, including chambers of commerce and industry and unions.

He concluded by stating that the five-year plan represents a fundamental pillar of sustainable development in Iraq, and requires concerted efforts and genuine national commitment to ensure its transformation into a tangible reality that is reflected in citizens' living standards and overall economic growth.

In addition, the Ministry of Planning announced that the total revenues expected to be achieved during the five-year development plan period (2024-2028) amount to approximately 710 trillion Iraqi dinars.

The ministry's official spokesperson, Abdul Zahra Al-Hindawi, told the official agency that the largest portion of these revenues will come from the oil sector, with oil revenues expected to reach approximately 631 trillion dinars, while non-oil revenues are estimated at approximately 79 trillion dinars.

Al-Hindawi added that the five-year plan estimated the volume of investments required to achieve the targeted economic growth rate of 4.24% during its implementation period at more than 241 trillion dinars.

Meanwhile, economic researcher Ali Daadoush asserted that the recently prepared five-year plan is one of the best studies to address the reality of the Iraqi economy, addressing key economic challenges and presenting future investment opportunities to advance the country's development.

In an interview with Al-Eqtisad News, Daadoush explained that the plan sets ambitious macroeconomic trends, most notably achieving a targeted growth rate of 5% to 6% on an annual average, in addition to targeting natural inflation, stabilizing the exchange rate, and reducing the general budget deficit.

He pointed out that the plan focused on productive sectors, particularly agriculture and food industries, by adopting modern irrigation systems and strategic crops with high water returns, and by establishing specialized logistics and manufacturing zones for dates, grains, poultry, and dairy products, with the aim of enhancing import substitution and increasing local added value.

According to Daadoush, the plan also addressed challenges in other sectors, such as the digital economy, payment systems, and financial sector reform, along with private sector development and increased employment opportunities.

A "single window" approach was adopted to remove regulatory barriers (such as licenses, taxes, and industrial land allocation) within a period not exceeding 72 hours, in addition to linking technical education to the needs of priority sectors.

Regarding the components of the plan's success, the researcher stressed the importance of having clear governance and issuing a playbook for projects that includes the stages of selection, financing, implementation, monitoring, and evaluation, in addition to shifting from item budgets to program and performance budgets, so that each plan includes a program with performance indicators, a direct supervisor, a specific budget, and clear outputs.

Daadoush concluded his remarks by emphasizing the need to enact a law mandating the implementation of the national plan, in conjunction with the general budget and the government program. He considered this tripartite integration to be the cornerstone of sustainable development in Iraq.

The Ministry of Planning believes that the largest share of capital formation will be allocated to the oil sector, at 27.4%, followed by the housing ownership sector, at 22.5%, and then social development services, at 20.8%.

She pointed out that "the water and electricity sector will constitute 8.6% of the total planned capital formation, while the manufacturing sector's share will be approximately 7.8%." https://economy-news.net/content.php?id=58786

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 8-14-25

Good Afternoon Dinar Recaps,

Washington Extends 90-Day Trade Truce With Beijing

The United States has extended the 90-day tariff truce with China, with President Biden signing a decree on August 11 to set a new deadline of November 10. While the extension prevents an automatic increase in customs duties, existing surcharges remain in place. This move provides more time for both sides to continue negotiations.

Washington and Beijing extend the 90-day trade truce until November 10, maintaining current surcharges

• Gold remains exempt from taxes, but other surcharges stay in effect

• Discussions continue, with the U.S. pushing for more Chinese purchases of agricultural products

Content and Scope of the Extension

On August 11, the United States officially announced, via presidential decree, the 90-day extension of the trade truce. The suspension of tariff hikes will now last until November 10.

This measure halts planned increases that were set to take effect at the original deadline and keeps current tariff rates unchanged:

• 30% on Chinese imports

• 10% on American exports

The move builds on the May agreement reached in Geneva, which initially implemented a 90-day pause in tariff escalation.

China’s state news agency, Xinhua, confirmed that Beijing will apply the same extension, aligning its trade position with Washington. Both sides will continue using the dialogue framework set up in the spring, which has helped freeze tariff increases while keeping pressure on unresolved issues.

Importantly, no changes have been made to the existing tariff framework, offering short-term commercial stability.

Negotiations and Market Impact

Since May, multiple rounds of talks have taken place in Geneva, London, and Stockholm. U.S. officials note that China has taken “significant steps” toward addressing American economic and national security concerns. Negotiations remain constructive, though the U.S. is pressing for concrete concessions, especially in agricultural trade — with soybeans as a top priority.

Beijing has signaled its desire for a “positive outcome based on equality and mutual benefit.”

The extension provides businesses and markets with temporary clarity. Importers and exporters can plan operations under the current tariff structure until November 10, reducing uncertainty in the short term.

The U.S. decision to keep gold exempt from new duties has eased investor concerns, stabilizing gold prices after speculation about possible taxation.

However, other surcharges — including those on steel, aluminum, and select industrial goods — remain in place. If no agreement is reached by November 10, new tariffs could be implemented, forcing companies to prepare for multiple trade scenarios.

@ Newshounds News™
Source: Cointribune

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De-Dollarization Accelerates: Russia, China & India Embrace Crypto for Oil Trade

A new chapter in global energy commerce is unfolding as Russia, China, and India abandon U.S. dollar payments in favor of cryptocurrency settlements for oil transactions. This shift—driven by sanctions pressure and technological innovation—marks a significant step in the BRICS de-dollarization strategy, reshaping both trade mechanics and global finance.

A New Payment Architecture

Russia has developed blockchain-based payment systems enabling energy exports to be settled in Bitcoin, Ethereum, and Tether (USDT).

• Buyers convert local currencies such as Chinese yuan or Indian rupees into crypto.

• Payments bypass the SWIFT banking network, reaching Russian exporters directly.

• The approach is already being applied in an “experimental regime” for a portion of Russia’s $192 billion in annual energy exports.

Russian Finance Minister Anton Siluanov confirmed:

“It is possible to use bitcoins mined here in Russia for foreign trade transactions. Such transactions are already occurring… they should be expanded and developed further.”

Strategic Consequences for Global Finance

• Petrodollar Erosion – Moving oil trade away from USD undermines the traditional dollar-dominated settlement system.

• Sanctions Workarounds – Direct crypto payments weaken U.S. control over energy trade flows.

• Blockchain Integration Pressure – Global finance may need to adapt to crypto-native settlement rails.

This model could evolve into blockchain-native commodity platforms, where tokenized physical assets—like oil—are traded entirely on-chain.

Risks & Challenges

Despite its potential, the crypto oil trade carries:

• Price volatility in crypto assets.

• Regulatory fragmentation and legal uncertainty.

• Cybersecurity threats to large-value international transfers.

A Precedent for Future Energy Commerce

If successful, the Russia-China-India crypto oil trade could inspire other nations to adopt non-dollar settlement models, accelerating the transition toward multi-currency, blockchain-powered energy markets—and marking one of the sharpest challenges yet to U.S. financial dominance.

@ Newshounds News™
Source: Watcher Guru

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Iraq Economic News and Points To Ponder Late Wednesday Evening 8-13-25

Between Stifling Cash Flow And Lost Confidence, Iraq Faces A Banking Reform Battle To Save Its Economy.
 
Economy Yesterday, | 558  Baghdad Today – Baghdad   Financial and economic expert Ahmed Al-Tamimi stressed, on Wednesday (August 13, 2025), that  reforming the banking system in Iraq has become an urgent necessity  to address the deep structural challenges that hinder the growth of the national economy. 

Al-Tamimi told Baghdad Today that  "excessive reliance on cash transactions,weak digital infrastructure, and  limited financial inclusion have hindered private sector growth and limited opportunities for citizens,"  stressing that the required reform must be "radical and urgent."

 He explained that  the reform plan should include updating technological systems, strengthening banking oversight, developing anti-money laundering mechanisms, adopting global governance and transparency standards, and rebuilding trust between banks and the public,
describing this step as "the cornerstone of any successful reform." 

Al-Tamimi added, "Reforming the banking system is not a luxury, but an economic and security necessity.
 
It requires the government and the Central Bank, in coordination with international institutions,
to adopt a comprehensive vision to ensure the development of a banking sector capable of keeping pace with global developments and supporting economic development in the country."
 
Iraq's banking system has suffered for years from deep structural imbalances,
most notably its near-total reliance on cash transactions, weak digital infrastructure, and limited financial inclusion.
 
These have slowed private sector growth and reduced investment opportunities.
 
The trust gap between the public and banks has been exacerbated by  weak governance and transparency, the   absence of strict oversight, and the prevalence of phenomena such as
 money laundering and   financial corruption.
 
Economists believe that despite attempts by the Central Bank and the government to launch partial reforms, the lack of a comprehensive vision and effective coordination with international institutions has prevented tangible change.
 
This comes at a time when economic and security pressures are mounting, making banking sector reform a crucial step to keep pace with global developments and support the national economy.      https://baghdadtoday.news/280659-.html 

CBI Selects Oliver Wyman To Develop The Banking Reform Plan
 
Iraq  Amr Salem   August 13, 2025   315   The Central Bank of Iraq. Photo: AFP Baghdad (IraqiNews.com) – Officials from the Central Bank of Iraq (CBI) met on Tuesday with representatives from Oliver Wyman,   a global management consulting firm,  to discuss a banking reform proposal offered by the   Iraqi Private Banks League (IPBL) to  modernize Iraq’s banking industry and  align operations with worldwide practices.

The CBI mentioned in a statement that Governor Ali al-Alaq and a specialist team met with representatives from Oliver Wyman to review the details of the IPBL’s proposal,
     the state-run news agency (INA) reported.  Al-Alaq acknowledged that the
 
CBI had held an in-depth discussion during which participants indicated
     comprehension of the plan’s key aspects and
     how certain elements might be flexibly changed to enable implementation processes.
 
The strategy intends to stabilize the banking sector  so that it can function securely and effectively in accordance   with international norms and standards, as well as local legislation, while also strengthening   governance,  compliance, and  risk management.
 
The strategy also allows banks  to perform an economic role that promotes growth     while providing the most effective services possible. The CBI noted that adopting the strategy will boost local and international trust in Iraq’s banking industry.     https://www.iraqinews.com/iraq/cbi-selects-oliver-wyman-to-develop-the-banking-reform-plan/  

Iraq And Its Economic Role
 
Economic 2025/08/12  Mohammed Hassan Al-Saedi   Iraq possesses significant economic potential that qualifies it to play a pivotal role in the region's economy.
 
However, this role has been fluctuating and declining over the past decades due to wars, corruption, and mismanagement.
 
Today, with regional and international transformations, attention is turning to Iraq as a potential economic player,capable of exerting influence not only through its geographic influence,
but also through its wealth, human capital, and unique strategic location linking the Arabian Gulf,
the Levant, Turkey, and Iran.
 
Natural resources are the foundation of this economic role,
as Iraq ranks fifth in the world in terms of proven oil reserves.
 
Its oil exports are the primary source of national income, and Iraqi oil constitutes a fundamental element of regional energy security.
 

Several neighboring countries, such as Jordan and Turkey, rely on Iraqi oil,
     whether through pipelines or direct exports.
 
However, the Iraqi economy suffers from "rentierism," as it relies almost entirely on oil revenues,  making it vulnerable to fluctuations in global market prices and  limiting its ability to exert economic influence beyond this framework.
 
Despite Iraq's vast mineral, agricultural, water, and population resources,   weak investment and
 rampant corruption  have prevented these resources from being transformed into economic strengths.
 
Iraq's geographical location  represents a major gateway for trade and transit, and
     is one of the most significant elements of its potential economic strength.
 
It forms a natural corridor between the Gulf and the Levant, and
     possesses an important sea outlet to the Arabian Gulf via the port of Umm Qasr.
 
It could also become a major hub for regional land and rail trade routes,
     particularly in light of the "Development Road" project, which aims
          to connect the Grand Faw Port to Turkey and Europe via a modern transportation network.
 
If implemented, this project will provide a vital alternative to traditional trade routes and position Iraq strategically on the regional and international economic map.
 
However, it still requires effective regional partnerships and legal guarantees to attract investment and implement the required infrastructure.
 
On the economic front, Iraq seeks to strengthen cooperation with neighboring countries,
particularly Saudi Arabia, Iran, Turkey, and Jordan, through electricity interconnection projects, trade exchange, and joint industrial zones.
 
These initiatives are part of a drive to reduce reliance on the single market, diversify sources of income, and restore a balanced economic role.
 
However, these relations are often affected by political conflicts and regional tensions, which weakens Iraq's ability to impose its economic priorities or create a sustainable cooperative environment.
 
For Iraq     to become a leader and     an effective regional economic player,fundamental transformations are necessary in the country's economic and administrative structure,  beginning with institutional reform and combating corruption,  moving on to modernizing infrastructure, and  culminating in developing a clear strategic vision for the national economy, based on diversification and openness.

Restoring regional and international confidence in Iraq as a safe investment environment requires
  political stability,    an impartial judiciary, and    flexible economic legislation,which can be achieved with serious political will.
 
Iraq is not a resource-poor or weakly influential country; rather, it is rich in natural and human potential and a strategic location.
 
However, activating these elements and transforming them into tools of regional economic influence requires a comprehensive renaissance in thinking, policies, and management.
 
A stable, open Iraq with an economy free from corruption can be a major economic player in the region, 
not merely an arena for conflict or a marketplace for others.    https://alsabaah.iq/118881-.html  

Kurdistan And Self-Sufficiency
 
Economic 2025/08/13  Yasser Al-Mutawali  With every visit to the Kurdistan Region, I discover a unique phenomenon:  the region is advancing with confident steps and achieving successes on the ground.
 
Perhaps one of my interests as a journalistic observer of economic phenomena,
within my specialization in economic journalism, is to identify everything new and useful to serve as a model for an important experience that can be utilized for generalization at the level of Iraq.
 
This is the best way to benefit from the experiences of others in a single environment and a single country, and certainly in specific aspects.
 
However, this does not mean not benefiting from successful experiences around the world in other aspects.
 
The developments that I observed during the ten days I spent recently are in addition to what I have followed since the period of change after the year (2003) during my continuous visits to the region and
 
I wrote a lot about them in the economic page of Al Sabah newspaper and described it as a model experience.
 
This model is embodied by the significant development in the fields of construction, development, services, organization, and cleanliness, all framed by a strict law against any violations of regulations.
 
This is an indicator of a civilized phenomenon and a civilized model that we have always called for emulation, foremost among which is the traffic system, as it is the umbrella of the law.

Security stability was one of the most important reasons for achieving this exemplary development.
 
This is true, and it was the argument used by the governorate administrations when demanding the achievement of such a model.
 
Now that stability has been achieved, the argument for achieving this model has fallen, of course.
 
Now the discussion will be limited to food self-sufficiency, as food security is the ultimate goal in the face of global crises,
 
in which food is often used as a weapon to maintain citizens' livelihoods.
 
In this regard, we point to a recent example of the use of food as a weapon,
namely the Russian-Ukrainian war, which saw Europe cut off strategic grain supplies.
 
My focus here is on achieving food self-sufficiency, which is a logical consequence of this stability.
 
In the markets of vegetables, red and white meat, you find a difference in prices of about (25) percent compared to the rest of the governorates of Iraq and (35) percent compared to the prices in the capital, Baghdad.
 
Thus, you find that the purchasing power in the region is able to easily acquire its sustenance despite the challenges of (delaying salaries) for reasons that we are not concerned with regarding the delay here.
 
Along the vast expanses of the region's entrances, you can see farms irrigated using modern irrigation techniques, and vegetables filling the springs.
 
You can also see factories manufacturing feed for model livestock, advanced food industries, dairy products, and packaging factories that cover the region's need for poultry meat, eggs, dairy products, and locally manufactured foods, with a surplus exported to the center and sometimes to neighboring countries.
 
The region is also known for its abundant production of strategic crops,
including wheat, corn, barley, and fodder crops, using modern and advanced agricultural methods.
 
There are signs that this is being achieved in a number of Iraqi cities following the recent stability.
 
This is not all, there is much more to talk about, and this is what the article allowed for.
 
That's why we said, "Kurdistan is a model of self-sufficiency."
 
We hope to benefit from this model in the rest of Iraq, so that we can be proud of our national production, achieve our food security, and dispense with any imports, and even export the surplus.     https://alsabaah.iq/118956-.html  

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 8-14-25

Good Morning Dinar Recaps,

Singapore Accelerates Tokenization with XRPL at the Core of Real-World Finance

Singapore is rapidly establishing itself as a global leader in digital assets and blockchain innovation, driving large-scale tokenization initiatives from pilot projects to real-world implementation.

From Pilot to Full-Scale Deployment

At the November 2024 Layer One Summit, Leong Sing Chiong, Deputy Managing Director at the Monetary Authority of Singapore (MAS), highlighted the country’s accelerating momentum in tokenized financial services.

• Project Guardian, alongside other initiatives, is advancing from Proof of Concept to full implementation in 2025.

• The Guardian Wholesale Network Industry Group, comprising Citi, HSBC, Schroders, Standard Chartered, and UOB, is pushing collaborative infrastructure.

• Global Layer One (GL1), launched by MAS with financial heavyweights such as BNY Mellon, Citi, J.P. Morgan, MUFG, and Societe Generale-FORGE, aims to build “public permissioned” infrastructure for commercial networks, with HSBC and Euroclear later joining.

The International Capital Market Association (ICMA) now leads Project Guardian, transitioning from experimental pilots to establishing core infrastructure for Real World Assets (RWAs).

Notably, MAS and Standard Chartered tokenized $500 million in trade finance assets in 2022, and Singapore has since approved stablecoins from Paxos and StraitsX.

XRPL’s Expanding Role

Singapore’s push for compliance, security, and efficiency is drawing major institutions toward public blockchains like the XRP Ledger (XRPL). The platform’s features — such as digital identity security, fraud reversal, and regulatory alignment — have positioned it as a preferred choice for tokenization projects.

Key figures underscore XRPL’s growth:

• Tokenized RWA value on XRPL rose from under $5 million at the start of 2025 to $118 million by June 2025.

• Ripple was ranked the 23rd most valuable private company, further boosting XRPL’s global profile.

Global fintech incubator Tenity recently partnered with Ripple to accelerate XRPL-based startups in Singapore. Ripple APAC Managing Director Fiona Murray sees this as a catalyst for new talent and scalable use cases, reinforcing Singapore’s blockchain leadership.

Investment and Adoption Trends

In 2024, Singapore attracted $750 million in FinTech investments — representing 60% of the nation’s total sector funding. XRP ranks among the most popular cryptocurrencies in the country, accounting for 17% of Singaporeans’ crypto holdings.

While fostering innovation, Singapore maintains strict oversight, enforcing licensing requirements for crypto firms to ensure market integrity.

@ Newshounds News™
Source: Crypto News Flash   

~~~~~~~~~

Western Union Is Preparing to Launch Its Own Stablecoin

Western Union Co is reportedly exploring the launch of its own dollar-backed stablecoin as more cryptocurrency projects challenge its long-standing role in moving money across borders.

“We are exploring the opportunity for us to issue a stablecoin, particularly in non-US markets,”
– CEO Devin McGranahan

McGranahan explained that it could be “almost like a savings account in US dollars” for customers in countries where local regulations allow it.

Why the Sudden Push for a Stablecoin?

• This development comes just weeks after the U.S. government passed laws to bring stablecoins into the financial mainstream.

• For remittance companies, this shift is critical—many new crypto-driven projects promise to make sending money faster and cheaper.

• Currently, Western Union sends money via partner banks in different countries—a process that can take two to three days to reach recipients.

• A stablecoin could speed up transactions and eliminate reliance on traditional banking links.

Competitive Pressure in the Remittance Market

• PayPal has already launched a dollar-backed stablecoin and integrated it into its remittance service, Xoom.

• Circle (issuer of USDC) is expanding globally via bank and fintech partnerships.

• MoneyGram now allows customers to send USDC and may soon use stablecoins for internal operations.

• Remitly has launched a multi-currency wallet supporting both fiat and digital currencies, teaming up with Bridge (recently acquired by Stripe) to enhance stablecoin adoption.

Western Union’s Financial Pressure

• Shares have dropped about 27% since January 2025, placing the company under market pressure.

• Analysts at Capstone have suggested that industry changes could make Western Union a buyout target for a major crypto company like Circle, which went public in June.

• McGranahan commented:

“If someone came and offered us the appropriate value that we believe the company is worth, we obviously would entertain that.”

Potential Partnerships and Strategic Goals

• Western Union may partner with major players in the crypto industry rather than building the stablecoin alone.

• The goal: give remittance recipients the option to hold funds in a stable currency like the U.S. dollar, avoiding the need to convert all funds into potentially volatile local currencies.

• McGranahan noted the stablecoin could serve as a bridge between digital finance and traditional banking, enabling smooth movement between the two systems.

@ Newshounds News™
Source: CryptoTimes

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