“Tidbits From TNT” Sunday Morning 8-17-2025

TNT:

Tishwash: Rafidain: Our agreement with K2 Integrity puts Iraq on the map of the global financial system.

Rafidain Bank's General Manager, Ali Karim Al-Fatlawi, emphasized that signing the partnership agreement with K2 Integrity represents a qualitative shift in the bank's journey and the Iraqi financial sector. He noted that this strategic step transforms Rafidain Bank from a traditional local institution to an integrated banking platform directly aligned with international standards.

Al-Fatlawi explained, in an interview with the Iraqi News Agency (INA), that the partnership comes with direct support from Prime Minister Mohammed Shia al-Sudani, and in accordance with Cabinet Resolution No. (23274) of 2023, within the framework of a comprehensive reform vision aimed at restructuring the banking sector, strengthening Iraq's economic and financial sovereignty, and repositioning the country on the map of the international financial system with confidence and transparency.

Al-Fatlawi told (INA): "The partnership agreement with K2 Integrity represents a qualitative shift for Rafidain Bank, which is no longer just a traditional local bank, but has become an institution working to connect Iraq to international banking standards."

He added, "K2 Integrity is a global leader in compliance and anti-money laundering and counter-terrorism financing, and our collaboration sends a clear message that Iraq is serious about reforming its financial institutions and preparing them to open up to the global financial system."

 Prime Minister's support He continued, "This partnership would not have seen the light of day without the great support of Prime Minister Mohammed Shia Al-Sudani, who adopted a serious reform vision to restructure the banking sector. The contract with K2 Integrity came in accordance with Cabinet Resolution No. (23274) of 2023, which reflects that this project is not just an individual initiative of the bank, but rather part of a higher government policy aimed at enhancing transparency and financial sovereignty in Iraq."

 Direct gains for citizens

Al-Fatlawi told (INA): "On the local level, this agreement raises the level of compliance and transparency within the bank, and establishes a modern corporate culture based on governance and risk management. As for the citizen, it means more secure banking services, greater protection for their money, and enhanced confidence in an institution that has long been a fundamental pillar of the national economy. Simply put, the citizen will feel that their money is in safe hands subject to global regulatory standards."

 Reintegrating Iraq into the international financial system

Regarding the agreement's implications for Iraq's financial reputation, he explained, "Iraq needs to rebuild trust with international institutions, and this agreement is key to that. Through K2 Integrity's services, we will be able to issue reports according to the highest international standards, which will put us back on the map of the international financial system and give us the ability to open up to global correspondent banks and attract foreign investment. Simply put, we are establishing a new phase in which Iraq is viewed as a country serious about reform, not as a fragile or isolated economy."

Fortifying the economy

Al-Fatlawi emphasized that "the banking sector is the first line of defense for any country's sovereignty. Through this partnership, we are not only improving our services, but also protecting our economy from the risks associated with financial isolation or unjustified accusations, and building institutional capacity that grants us greater independence.

This step truly translates the vision of the Prime Minister and the Iraqi government for Rafidain Bank to be part of a broader national project to enhance economic sovereignty."

Regarding Rafidain Bank's future vision after this partnership, Al-Fatlawi told the Iraqi News Agency (INA): "This agreement reflects our ambition to transform into a modern, integrated banking institution, capable of keeping pace with technological and regulatory developments in the world.

 We are establishing a brighter and more stable banking future, where citizens trust our ability to manage their money, and international institutions trust our ability to comply with global standards. Simply put, we are laying the foundation for an Iraqi bank with a global identity."  link

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Tishwash:  The Baghdad International Energy Forum: A platform to strengthen Iraq's position in global energy markets

The Baghdad International Energy Forum will kick off in the capital, Baghdad, on September 6 and 7, 2025. Organized by the Ghadan Risk Management Foundation, the forum will be inaugurated by Prime Minister Mohammed Shia al-Sudani, with the broad participation of senior executives from global energy companies, energy ministers, the OPEC President, and international experts.

The event reflects the international community's confidence in Iraq's capabilities and its pivotal role in this vital sector.
The forum aims to highlight Iraq's significant potential in the oil, gas, and renewable energy sectors, as a key partner in meeting global market needs and a supporter of international efforts to achieve sustainability.

The forum will be attended by energy ministers from the region and around the world, as well as global energy companies including TotalEnergies, Oman's OQ, BP, Chevron, Eni, and Shell. Its sessions will address energy security, market stability, and the transition to clean energy sources.

The forum is organized under the auspices of the State Oil Marketing Organization (SOMO) and in partnership with the Iraqi Ministry of Oil. It serves as an international platform for dialogue and exchange of views on the future of energy in Iraq and the region, and for exploring promising investment opportunities in this strategic sector. link

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Tishwash:  Iraq faces US banking guardianship... two crucial weeks for private banks

 Al-Mustaqilla/- Less than two weeks remain for private banks in Iraq to comply with the financial reform roadmap developed by the American firm Oliver Wyman, a move described by economic circles as the "last chance" to save the banking system from the specter of liquidation and bankruptcy.

According to informed banking sources, the Central Bank of Iraq has two options:

Forcing banks to increase their capital and merge those unable to expand their financial portfolios.

Liquidating violating banks, which opens the door wide to direct intervention by the US Federal Reserve to implement international standards in the Iraqi banking sector.

The risk of liquidation and “financial guardianship”

The second scenario is viewed with great concern within Baghdad, as it effectively imposes a form of American tutelage over the Iraqi banking sector, a precedent that could threaten Baghdad's financial independence and undermine public confidence in the banking system as a whole.

Experts believe that the US Federal Reserve's involvement could completely redraw the banking landscape in Iraq, from foreign exchange mechanisms to banks' ability to finance local projects.

Reform roadmap or political pressure?

Oliver Wyman's reform roadmap came in response to mounting US pressure, following increasing reports of financial transaction irregularities and accusations that some banks were involved in money laundering or illicit financing.

At the same time, the Iraqi government is seeking to strike a balance between meeting international demands and maintaining economic sovereignty, particularly since any direct foreign intervention would place Iraq in a position of weakness vis-à-vis its international partners.

The countdown has begun

The coming weeks will be crucial. Either the Central Bank of Iraq succeeds in imposing radical reforms that preserve the independence of financial decision-making, or it will find itself forced to accept American intervention, which could be read internally as a "declaration of failure" for the local banking system.  link

Mot: ... and Yet Another ""Mot Wisdom Tip"" frum da INternet!!!! 

Mot:  Did Ya Ever Notice ---

IRS Reportedly Confirms $1,390 Stimulus Checks For Eligible Americans

IRS Reportedly Confirms $1,390 Stimulus Checks For Eligible Americans, Rumors of $2,000 August Payout Debunked — Plans Late Summer Rollout (UPDATED)

Vishaal Sanjay  ri, August 15, 2025 

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Editor’s Note: This story has been updated to include a comment from an IRS spokesperson.

Millions of Americans may be eligible for a $1,390 stimulus check by the U.S. Treasury Department and the Internal Revenue Service, as part of a plan aiming to provide financial relief to low and middle-income households.

Officials Dispel $2,000 Rumors, Confirm $1,390 Stimulus

While rumors continued to swirl around a potential $2,000 check in August, the IRS has denied that it has any such payment planned, but has confirmed the legitimacy of $1,390 payout, which it says is on track for low and middle-income Americans, according to a report by India’s The Economic Times newspaper.

The eligibility criteria for a $1,390 check follow the same income thresholds as past stimulus programs, such as up to $75,000 in income for individual taxpayers, $150,000 for married couples and $112,500 for heads of households.

Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — and you can too at just $2.90/share.

The payment, as always, is tax-free and will not impact benefits from other programs such as Medicaid, SNAP, Social Security, Veterans Affairs, or Railroad Retirement.

This is aimed at helping Americans cover rent, food and medical costs, at a time when living expenses remain elevated for millions.

An IRS spokesperson pointed out to Benzinga that Taxpayers had until April 15, 2025, to claim the Recovery Rebate Credit. They said there was "nothing else since then."

The Treasury didn’t immediately respond to Benzinga’s requests for a comment on this matter. This story will be updated as soon as we receive a response.

Trump’s DOGE Dividends And Tariff Rebate Plans

Early this year, President Donald Trump proposed a “DOGE Dividend” tax refund plan, as part of which 20% of the savings achieved by his administration’s Department of Government Efficiency will be returned to American citizens.

TO READ MORE:  https://www.yahoo.com/finance/news/irs-reportedly-confirms-1-390-113105179.html

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

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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

~~~~~~~~~

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

~~~~~~~~~

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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