Seeds of Wisdom RV and Economic Updates Thursday Afternoon 8-7-25

Good Afternoon Dinar Recaps,

Bank of England Expected to Cut Interest Rate to 4.0% Despite Rising Inflation

• BoE expected to cut rates from 4.25% to 4.0%

• UK inflation accelerates, while growth continues to contract

• GBP/USD at risk of falling toward August lows near 1.3140

The Bank of England (BoE) is poised to announce a 25-basis-point interest rate cut on Thursday, reducing the benchmark rate from 4.25% to 4.0%, according to growing market consensus. Analysts expect that seven out of nine Monetary Policy Committee (MPC) members will vote in favor of the cut, up from just three in the previous meeting.

The decision will be accompanied by the meeting Minutes and the Monetary Policy Report, offering insight into the BoE’s updated economic outlook and inflation projections. Following the announcement, Governor Andrew Bailey is scheduled to deliver a press conference outlining the rationale behind the rate cut and potentially signaling the bank’s future policy trajectory.

Economic Backdrop: A Conflicting Picture

The BoE last held rates steady in June. At that time, three MPC members cited:

• Weakened labor market conditions

• Subdued consumer demand

• Wage growth trending toward sustainable levels

Since then, economic indicators have continued to show strain:

• UK GDP contracted 0.1% MoM in May, following a 0.3% contraction in April

• Production output fell 0.9%

• Construction output declined 0.6%

• Services output rose slightly by 0.1%

These figures paint a troubling picture of a slowing UK economy, just ahead of the Q2 GDP estimate set for release on August 14.

Inflation Rebounds—Complicating the BoE’s Dilemma

Despite declining growth, inflation rose sharply in June:

• Headline CPI climbed to 3.6% YoY, up from 3.4% in May

• Core CPI increased to 3.7% YoY, from 3.5%

• Services inflation held steady at 4.7%, with food prices showing their biggest jump since February 2024

Meanwhile, labor market conditions continue to loosen, with the unemployment rate climbing to 4.7% in April, from 4.4% at the start of the year.

As the central bank weighs slowing growth against persistent inflationary pressures, Governor Bailey recently reiterated:

“I really do believe the path is downward”—referring to interest rates.

Revised Economic Forecasts Expected

Analysts anticipate that the BoE may:

• Upgrade inflation projections due to sticky services inflation and rising food prices

• Downgrade growth expectations, reflecting weak consumer demand and broad-based output declines

Market Reaction: GBP/USD Faces Downside Risk

Ahead of the announcement, GBP/USD is trading just above 1.3300, struggling to extend gains. The central bank’s split vote and cautious tone are expected to exert downward pressure on the British Pound.

According to Valeria Bednarik, Chief Analyst at FXStreet:

“The GBP/USD pair hovers around its weekly peak in the 1.3330 region, without any technical sign of additional gains ahead.”

She continues:

“The pair could turn bullish only if it breaks above 1.3400, an unlikely scenario given the expected BoE announcement. On the downside, watch the 1.3250 support—if breached, GBP/USD could target the August low at 1.3141.”

Conclusion

The Bank of England faces a complex policy crossroads: inflation is rising, but growth is faltering. While a rate cut appears imminent, the communication strategy and vote split may be the biggest market movers. The fate of the GBP/USD pair hangs in the balance, with downside risks mounting unless the BoE delivers a surprisingly hawkish outlook.

@ Newshounds News™
Source:  BeInCrypto

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Canada & Mexico to Join BRICS? The Fall of the US Dollar in 2024?

• Exploring BRICS Expansion in the Western Hemisphere

• Mexico formally declines BRICS membership

• Canada remains silent on BRICS engagement

• Is the US Dollar's global dominance at risk?

Potential Expansion of BRICS: An Analysis of Canada and Mexico’s Involvement

The BRICS bloc—originally composed of Brazil, Russia, India, China, and South Africa—has been rapidly expanding. In August 2023, the alliance extended invitations to several countries, five of which officially joined in 2024. This growth has sparked speculation about whether Western-aligned nations, including Canada and Mexico, could eventually pivot toward BRICS, potentially accelerating dedollarization efforts worldwide.

Mexico’s Stance on Joining BRICS

Speculation surrounding Mexico’s potential entry into BRICS intensified in mid-2023, ahead of the bloc’s August summit. However, Mexican President Andrés Manuel López Obrador publicly refuted such claims, affirming that Mexico would not seek membership in the alliance. The decision aligned with Mexico’s longstanding trade, economic, and geopolitical ties with the United States under frameworks such as USMCA.

Canada’s Position Regarding BRICS

In contrast to Mexico, Canada has made no official statements regarding BRICS membership. To date, there have been no public discussions, diplomatic engagements, or policy shifts that indicate Canadian interest in aligning with the BRICS bloc. Canada remains a core member of Western institutions such as the G7, NATO, and the OECD, further reinforcing its alignment with the existing US-led financial order.

Will Canada and Mexico Join BRICS?

Based on current geopolitical alignments, it appears highly unlikely that either Canada or Mexico would pursue BRICS membership in the near term—particularly with the explicit goal of weakening or replacing the US Dollar. While 2023 saw increasing concerns over the dollar’s global dominance, including inflationary pressures and internal US political division, both Canada and Mexico remain deeply integrated into the US-centric financial and security architecture.

BRICS’ Aspirations and Western Countries’ Responses

BRICS continues to push for greater economic sovereignty and a shift away from dollar dependency, aiming to promote settlement in local currencies and eventually introduce a shared digital or commodities-backed currency. These efforts have been well-received in parts of the Global South and among energy-exporting nations seeking alternatives to SWIFT and IMF dollarization structures.

Yet, the idea that NATO-aligned nations such as Canada and Mexico would join this movement remains speculative at best. Their participation in the US-led global order, access to Western capital markets, and dependence on the North American economic ecosystem make BRICS membership both politically improbable and economically costly.

Conclusion: Realignment or Rhetoric?

Despite BRICS’ expansion and continued calls for monetary multipolarity, neither Canada nor Mexico are expected to deviate from their current trajectories. While the US Dollar faces challenges, its foundational role in global trade, reserves, and institutional finance still ensures that Western partners remain tethered—for now.

As BRICS gains more influence in the Global South, 2024 will be a year to watch—but expectations of Western defection to the bloc remain premature.

@ Newshounds News™
Source:  aped.ai

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BRICS to Discuss Joint Response to Trump’s Tariffs

• Lula calls out Trump’s “unilateralism” and threat to multilateral trade

• BRICS members may coordinate action in response to rising tariffs

• Brazil, India, and China seek a unified strategy to limit U.S. economic pressure

Lula Urges BRICS Coordination Amid Rising U.S. Tariffs

The BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—is preparing to discuss a coordinated response to U.S. President Donald Trump’s escalating tariff threats. The initiative comes directly from Brazilian President Luiz Inácio Lula da Silva, who criticized Trump’s approach to international trade as a deliberate attempt to undermine multilateral institutions.

“What President Trump is doing is tacit — he wants to dismantle multilateralism, where agreements are made collectively within institutions, and replace it with unilateralism, where he negotiates one-on-one with other countries,” Lula told Reuters.

President Lula stated that he would initiate conversations with fellow BRICS leaders, beginning with Indian Prime Minister Narendra Modi on Thursday, followed by China’s President Xi Jinping and others. His goal: to understand how each nation is affected by the U.S. measures and to formulate a joint response.

“I’m going to try to discuss with them about how each one is doing in this situation, what the implications are for each country, so we can make a decision.”

Where BRICS Tariffs Currently Stand

• U.S.–Brazil Tariffs: Currently at 50%

• India Tariffs: Increased today by 25%, now totaling 50%

• China–U.S. Tariffs: Paused for now

• Russia Tariffs: Above 30%

• Canada Tariffs: Recently raised to 35%

• EU Goods: Settled at a new 15% tariff

Trump has recently labeled the BRICS alliance as “anti-American”, issuing public threats to impose an additional 10% blanket tariff on bloc members. Some individual BRICS nations, notably India and China, have explored bilateral deals with the U.S. to mitigate tariff effects. However, growing pressure may force a unified BRICS front to resist escalating U.S. protectionism.

Brazil’s Leadership Role in BRICS Response

President Lula emphasized that Brazil currently holds the BRICS presidency, granting it a leading role in shaping the bloc’s diplomatic and economic posture. In his interview, he expressed concern not just over tariffs, but over Trump’s broader agenda to dismantle multilateral norms:

“I want to discuss with our allies why Trump is attacking multilateralism and what his goals may be.”

Notably, Lula did not reference any intention to engage Trump directly as part of this initiative, suggesting that the response will remain within the BRICS framework for now.

The Bigger Picture: Trump’s Tariff Offensive

In recent days, President Trump has accelerated a wave of protectionist trade measures as part of his self-imposed tariff deadline. These include:

• 35% tariffs on Canadian imports

• 50% tariffs on Brazilian goods

• 15% settled tariffs on EU exports

All of this appears to be part of a broader realignment of U.S. trade policy aimed at strengthening leverage ahead of key diplomatic deadlines.

Conclusion: BRICS Eyes a Coordinated Strategy

The growing web of tariffs has created significant uncertainty for global markets and placed BRICS nations on alert. As Lula takes steps to convene the bloc’s leadership, the prospect of a cohesive BRICS economic strategy—and possibly retaliatory action—marks a pivotal moment in the evolving U.S.–BRICS relationship.

@ Newshounds News™
Source:  Watcher.Guru    

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“Tidbits From TNT” Wednesday Morning 8-6-2025

TNT:

Tishwash:  Oil Minister from Kirkuk: Today or tomorrow we will resume oil exports via Ceyhan, Turkey.

Oil Minister Hayan Abdul Ghani inaugurated on Wednesday a number of development and rehabilitation projects for oil stations in Kirkuk Governorate, while stressing that today or tomorrow we will resume oil exports via Ceyhan, Turkey.

The minister told the Iraqi News Agency (INA): "A number of development and rehabilitation projects for oil stations in Kirkuk Governorate have been inaugurated," noting that "today or tomorrow we will resume oil exports via Ceyhan, Turkey, as we will export 80,000 barrels per day as a first phase after the agreement with the region."

He continued: "We were able to increase production at the wet oil station by 25,600 barrels per day," stressing that "90,000 barrels per day is the total capacity of the wet oil station north of Kirkuk."link

Tishwash:  A Kurdistan Regional Government (KRG) financial delegation has arrived in Baghdad to discuss the salary issue

 A technical delegation from the Kurdistan Regional Government (KRG) has arrived in Baghdad to resume talks on the salaries of employees and the work of joint committees.

"A technical delegation from the Kurdistan Regional Government (KRG) has arrived in Baghdad today to discuss the salaries of the employees and the work of the joint committees," a source in the Ministry of Finance and Economy told PUKMEDIA.

The Iraqi Council of Ministers held a regular meeting on Tuesday to discuss the issue of oil and salaries in the Kurdistan Region.

Meanwhile, Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani said in Kirkuk: "We are in talks with the Kurdistan Region to receive and export oil through SOMO and currently produces about 130,000 barrels of oil per day "We are ready to receive the oil from the Kurdistan Region," he said.  link

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Tishwash:  Oil: Major global energy companies confirm participation in the Baghdad International Energy Forum.

The Ministry of Oil confirmed on Tuesday that major international energy companies have confirmed their participation in the Baghdad International Energy Forum.

The ministry said in a statement received by the Iraqi News Agency (INA): "The Ministry of Oil confirms the participation of major international energy companies, including BP, TotalEnergies, Chevron, Eni, and Shell, in the Baghdad International Energy Forum, scheduled to be held in the capital, Baghdad, on September 6 and 7."

She added, "This broad participation reflects international companies' interest in the Iraqi oil sector, the investment opportunities and strategic partnerships it offers, and Iraq's pivotal position in global oil markets."

She continued, "These companies will be represented by senior delegations and executives who will participate in the forum's specialized dialogue sessions, which will focus on issues related to oil markets, energy security, sustainability, and the transition to renewable energy."

According to the ministry, the forum is being held under the auspices of the State Oil Marketing Organization (SOMO) and attended by energy ministers and international experts, making it an important international platform for enhancing cooperation and exploring the future of energy in Iraq and the region.  link

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Tishwash:  Ports: Any ship that does not carry official documents will not enter Iraq.

The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, confirmed today, Tuesday, that the security forces protecting the Khor Abdullah Canal are working continuously to secure goods.

Al-Fartousi said in a press statement, "There is continuous monitoring of all ships entering the Khor Abdullah Canal, and the Iraqi authorities are working to verify the official documents of all ships entering the canal," adding that "territorial waters are subject to the law and authority of the state."

He added, "The military and security forces are conducting a survey of Iraqi territorial waters to investigate all commercial and oil vessels present in the waiting areas."  link

Mot:  It is Sooo Great That Folks Help out the Seasoned Peoples!!!

Mot: . All Sources Seem to Agree --That it will Happen ~~tomorrow

https://www.youtube.com/watch?v=3IBdFVOkxR4&list=RD3IBdFVOkxR4&start_radio=1

MilitiaMan and Crew: Iraq Dinar News- Economic Developments-Impact

MilitiaMan and Crew:  Iraq Dinar News- Economic Developments-Impact

8-2-2025

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

In this exciting new video, we get into the latest significant developments in Iraq's economy and how they impact the Iraqi dinar. From the recent reduction of tariffs by the USA to groundbreaking infrastructure projects, we cover it all!

 Topics Covered:

Iraqi Dinar Insights: An overview of the current state of the dinar and what recent changes mean for investors and the economy.

 USA Reduces Tariffs on Iraq: Learn how this decision is poised to boost trade relations and open new avenues for economic growth.

Development Road Opens New Energy Agreement: Discover the implications of this new roadway and how it facilitates international partnerships in the energy sector.

 First Oil Export Tanker Docks in Iraqi Waters: We’ll discuss the significance of this milestone for Iraq's oil exports and what it means for the Iraq heading into the global energy market.

 Issuance of the Iraqi Journal of Facts-Gazette (4833): Get some insights into this important publication and how it aims to show at least two components that likely will impact the Iraqi dinar on the Legal and Central Bank side.

Join us as we explore these pivotal moments that shape Iraq's future and the potential impact on the Iraqi dinar.

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-3-25

Good Morning Dinar Recaps,

Banks Launch 'Operation Chokepoint 3.0' to Restrict Crypto and Fintech Access

A new wave of financial restrictions targeting crypto and fintech firms may be underway as banks begin rolling out what critics are calling “Operation Chokepoint 3.0.” According to Andreessen Horowitz general partner Alex Rampell, this initiative could significantly undermine access to banking services and consumer data essential for crypto platforms and digital finance startups.

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Rampell: Banks Reviving Chokepoint Tactics with New Fees and Barriers

Rampell warns that while Operation Chokepoint 2.0—an initiative under the Biden administration that sought to deplatform crypto firms—has come to an end, banks are now pursuing a privately driven version that may be even more damaging.

“Now the banks are aiming to implement their own Chokepoint 3.0 — charging insanely high fees to access data or move money to crypto and fintech apps — and, more concerningly, blocking crypto and fintech apps they don’t like,” said Rampell.

At the center of the controversy is the growing effort by major financial institutions to charge fintech and crypto platforms premium fees for accessing customer bank account data—fees that could total hundreds of millions of dollars annually.

JPMorgan Chase Implements Tiered Data Access Fees

Among the first major banks to adopt this model is JPMorgan Chase, which has announced a tiered fee structure for third-party access to customer account data. Higher fees will reportedly apply to payment-focused platforms, which often rely on continuous API access to facilitate real-time transfers.

A Chase spokesperson acknowledged the plan:

“We’ve had productive conversations and are working with the entire ecosystem to ensure we’re all making the necessary investments in the infrastructure that keeps our customers safe.”

Rampell pushed back against this framing, stating that the data in question—such as bank account and routing numbers printed on checks—has long been freely accessible and that charging for it now raises questions about monopolistic behavior.

Fintech & Crypto Platforms Could Face User Attrition

The new fees may disrupt operations at major platforms including Coinbase, Venmo (PayPal), and Robinhood, all of which rely on access to customer banking data to enable deposits, withdrawals, and balance verification.

Rampell emphasized the potential consumer impact:

“If it suddenly costs $10 to move $100 into a Coinbase or Robinhood account, maybe fewer people will do it.”

Such friction, he argues, could lead to a sharp decline in user participation across platforms—especially those targeting younger and cost-sensitive demographics.

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Crypto Advocates Call for Policy Intervention

Rather than seeking new legislation, Rampell believes regulators should intervene to prevent banks from erecting barriers that stifle innovation and restrict consumer choice:

“We don’t need new laws. We need an administration that won’t allow banks to destroy competitive fintech and crypto industries through manipulation.”

FAQs: Understanding Operation Chokepoint 3.0

What is Operation Chokepoint 3.0?
A privately driven effort by banks to restrict crypto and fintech operations by charging excessive data access fees and selectively blocking apps.

How is it different from Operation Chokepoint 2.0?
Version 2.0 focused on government pressure to debank crypto. In contrast, 3.0 involves bank-initiated commercial practices like tiered pricing for account data.

Which companies are most affected?
Platforms like Venmo, Coinbase, and Robinhood could see major user drop-off if added fees discourage asset movement and reduce platform affordability.

@ Newshounds News™
Source:  Coinpedia

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Ripple CTO Proposes XRPL Infrastructure Upgrade as Ledger Surpasses 70M Monthly Transactions

Ripple’s Chief Technology Officer David Schwartz has unveiled plans for a new high-performance XRP Ledger (XRPL) server to enhance infrastructure resilience and analytics. The announcement comes as XRPL achieved a major milestone in July, recording over 70 million transactions—its highest monthly total to date.

CTO David Schwartz Shares Plans for Personal XRPL Server Initiative

In a recent post on X, Schwartz revealed his intent to build and operate a dedicated XRPL production server. Although not an official Ripple initiative, the server would serve the broader XRPL ecosystem by offering reserved connectivity slots for UNL validators and XRPL-linked services.

“This is something I’d be doing independently to support the network. It’s about improving performance monitoring and resiliency, not centralizing control,” Schwartz clarified.

The proposed server setup includes:

• AMD 9950X CPU

• 256 GB RAM

• High-speed NVMe storage

• Unmetered 10GB connection

• Data center hosting in New York City

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Schwartz emphasized that no individual server should be relied upon within XRPL’s decentralized framework. He intends to monitor real-time data flows and network behavior, with minimal interference to existing XRPL operations.

XRPL Ecosystem Sees Record Usage and Developer Momentum

According to Dune Analytics, the XRP Ledger processed over 70 million transactions in July, pushing its all-time count to approximately 3.83 billion transactions. XRPL’s daily average now stands at 1.8 million, reflecting consistent utility across global users.

Additional milestones include:

• Over 1 million new users added in 2025 so far

• 3,000 new wallets created daily

• More than 7 million total XRPL accounts

Growth has also extended to XRPL’s automated market maker (AMM) and decentralized exchange (DEX) systems:

• AMM volume increased 17%, reaching 408 million XRP

• DEX volume rose 21%, totaling 465 million XRP

Cross-Chain Adoption and Stablecoin Expansion Drive Ecosystem Utility

Cross-chain activity on XRPL is accelerating, with over $165 million in assets bridged via Axelar to EVM-compatible blockchains. The launch of an EVM-compatible sidechain on June 30 has already generated significant developer traction—with more than 1,400 smart contracts deployed in the first week.

In addition, the Brazilian real-denominated stablecoin BBRL, issued by BrazaBank on XRPL, saw issuance surge past $4.2 million last month. BBRL now ranks as the second-largest BRL stablecoin, behind Transfero’s BRZ.

These developments underscore XRPL’s growing reputation as a scalable, low-cost global settlement layer—and illustrate the importance of infrastructure investments like those proposed by Schwartz.

XRPL in Numbers – July 2025

Metric Value

Monthly Transactions 70+ million

Total Transactions (All-Time) 3.83 billion

New Wallets per Day 3,000+

AMM Volume 408M XRP (↑17%)

DEX Volume 465M XRP (↑21%)

Stablecoin (BBRL) Issuance $4.2M+

Cross-Chain Asset Transfer $165M+ via Axelar

Smart Contracts (New Sidechain) 1,400+ in first week

As Ripple’s ecosystem expands and developer engagement grows, efforts like Schwartz’s independent infrastructure upgrade highlight the importance of decentralization, transparency, and performance monitoring in supporting XRPL’s next phase of global adoption.

@ Newshounds News™
Source: Coingape

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Uniswap, a16z, and DeFi Allies Urge U.S. Senate to Shield Developers in Upcoming Crypto Market Bill

A coalition of major decentralized finance (DeFi) advocates—including Uniswap Labs, a16z Crypto, and the Solana Policy Institute—is calling on U.S. lawmakers to protect open-source developers and maintain tech-neutrality as Congress shapes the future of digital asset regulation.

Senate Banking Committee Reviews DeFi Protections Under RFIA Draft

The comments were submitted in response to a Request for Information (RFI) issued by the Senate Banking Committee, which is currently reviewing the draft of the Responsible Financial Innovation Act of 2025 (RFIA)—an updated legislative framework first introduced in 2022. The updated version aims to build upon the foundational CLARITY Act, which promotes innovation while preserving consumer protections and financial stability.

The response was filed by the DeFi Education Fund (DEF), a crypto policy nonprofit originally funded by Uniswap. It was co-signed by leading crypto organizations, including:

• a16z Crypto

• Jito Labs

• Jump Crypto

• Paradigm

• Multicoin Capital

• Uniswap Foundation

• Solana Policy Institute

• Variant Fund

Key Policy Recommendations from the DeFi Education Fund

In its official comment, the coalition emphasized four major policy imperatives that should guide Senate legislation:

1. DeFi Developers ≠ Centralized Intermediaries

Lawmakers should make a clear legal distinction between open-source DeFi developers and traditional custodial financial institutions. Developers of non-custodial protocols should not face the same compliance burdens as centralized intermediaries.

2. Technology-Neutral Regulation

Regulations should focus on function, not form—treating traditional and decentralized systems with parity, without favoring one architecture over another.

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3. Clarity on Registration Requirements

The law should clearly define who must register with financial regulators based on their level of control, custodial function, or ability to halt transactions—criteria that many decentralized protocols do not meet.

4. Federal Preemption to Prevent State-Level Weaponization

The DEF warns that without federal preemption, large incumbent financial institutions may exploit state laws to bring litigation or enforcement actions against DeFi protocols—not to protect consumers, but to stifle competition.

“Absent federal preemption, well-resourced traditional financial institutions may exploit the fragmented regulatory landscape by funding or encouraging state-level enforcement actions against DeFi developers — not to protect consumers, but to stifle competition,” the DEF wrote.

Call for Revised FinCEN Guidance in Light of Tornado Cash Case

The DEF also urged the Senate to clarify FinCEN’s existing guidance, which underpins the ongoing trial of Tornado Cash developer Roman Storm. The Department of Justice has charged Storm with violating federal laws by publishing open-source software used by illicit actors.

The coalition argues:

“Rulemaking should reflect that technology which solely consists of non-custodial, non-controlling software shall not be regulated as a financial institution or financial intermediary.”

Storm’s verdict is expected as early as next week, making this debate especially urgent for developers across the DeFi ecosystem.

What’s at Stake for DeFi in the RFIA Bill?

This moment marks a critical inflection point in how U.S. law distinguishes between traditional financial institutions and decentralized technology. The outcome will impact:

• The future legal status of DeFi developers

• The ability to publish open-source code without legal liability

• The competitiveness of U.S.-based DeFi innovation in the global economy

By engaging early in the legislative process, the crypto community hopes to ensure that U.S. digital asset laws foster innovation rather than stifle it.

@ Newshounds News™
 Source: The Block

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Fiat Currency Corrupts Society

Fiat Currency Corrupts Society

Liberty and Finance:   7-31-2025

We often discuss the economic implications of fiat currency – inflation, debt, and market fluctuations. But what if its impact runs far deeper, eroding the very fabric of society’s moral foundation?

This is the provocative argument put forth by financial analyst David Morgan in a recent discussion with Liberty and Finance. Morgan contends that the insidious nature of manipulated money extends beyond the balance sheet, subtly corrupting our collective values and diverting us from true purpose.

Morgan’s central thesis is chillingly simple: when individuals and societies place their faith in a currency that can be arbitrarily created and devalued, rather than in enduring principles or a higher power, a profound moral distortion takes hold.

This misplaced trust in manipulated money, he argues, overshadows our understanding of value itself. Integrity, honesty, and genuine achievement are gradually overshadowed by a pursuit of superficial gain facilitated by an ever-expanding money supply.

The consequence, according to Morgan, is a society increasingly driven by consumerism and deceit.

 Fiat currency, untethered from tangible assets or intrinsic worth, fosters an illusion of prosperity that encourages insatiable consumption.

This insatiable desire, in turn, can breed dishonesty, as the pursuit of more becomes paramount, often at the expense of ethical conduct.

Trust, the bedrock of any healthy society, is replaced by a system based on control and an increasingly pervasive illusion of wealth. Authenticity gives way to a culture where appearances and perceived affluence dictate status.

As society collectively accepts this “false money as truth,” Morgan warns, broader distortions inevitably emerge. These aren’t merely economic in scope; they permeate spiritual, cultural, and political landscapes.

 The spiritual void created by a focus on material accumulation can lead to a loss of meaning and purpose. Culturally, a short-term, instant-gratification mindset replaces long-term planning and intergenerational responsibility. Economically, the cycle of boom and bust becomes more pronounced, enriching a few while destabilizing the many.

David Morgan’s message is not merely a critique; it’s a poignant call to action. He advocates for a fundamental shift back to the principles of sound money – currency rooted in real value and not subject to political manipulation.

 More importantly, he urges a return to inner values – principles of integrity, truth, and genuine worth that transcend mere financial metrics. Only by reclaiming these foundational elements, Morgan asserts, can society truly reclaim genuine freedom, purpose, and a robust moral compass.

His insights serve as a potent reminder that the health of our financial system is inextricably linked to the health of our collective soul.

For a deeper dive into these profound assertions and to fully grasp the nuances of David Morgan’s argument, viewers are encouraged to watch the full video from Liberty and Finance.

https://youtu.be/BKf42BZInPg

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

Good Afternoon Dinar Recaps,

India Lets 30 Countries Trade With Rupee in New BRICS Strategy

As tensions escalate between Washington and the BRICS alliance, India has taken a bold step to internationalize the rupee, allowing nearly 30 countries to settle cross-border transactions directly in its national currency. The move comes just as U.S. President Donald Trump imposed steep 25% tariffs on Indian goods, citing what he described as anti-American activities, including New Delhi’s ongoing energy and defense partnerships with Russia.

The development represents a clear advance in the BRICS bloc’s de-dollarization strategy, with India now positioning the rupee as an alternative settlement currency for international trade — a direct challenge to U.S. dollar dominance.

Rupee Push Gains Momentum Through Vostro Accounts

At the heart of India’s effort is the use of Vostro bank accounts, a mechanism enabling foreign countries to settle transactions with India in rupees rather than relying on the U.S. dollar or other reserve currencies. These accounts are maintained by Indian banks on behalf of overseas banks, allowing direct rupee remittances without conversion losses.

The Reserve Bank of India (RBI) recently removed caps on investments made via these accounts, signaling a major policy shift toward facilitating rupee-based trade.

So far, 22 of the 30 countries have already executed trades using the rupee, including both BRICS members and key economic partners:

• BRICS/Partners: Russia, Belarus, Malaysia, Uganda

• Others: Bangladesh, Botswana, Fiji, Germany, Guyana, Israel, Kazakhstan, Kenya, Maldives, Mauritius, Myanmar, New Zealand, Oman, Seychelles, Singapore, Sri Lanka, Tanzania, United Kingdom

Trump Responds with Tariffs and Penalties

While India moves ahead with its rupee trade initiative, President Trump has responded forcefully. In addition to the 25% tariffs on Indian imports, the U.S. has penalized India for purchasing Russian crude oil and military hardware, defying American sanctions on Moscow.

Trump’s latest actions are part of a broader strategy to confront BRICS countries that seek to undermine the dollar’s global role. India’s growing rupee diplomacy is being interpreted in Washington as a key piece of this puzzle.

Trump, in his public remarks, has warned that nations benefiting from U.S. trade ties must not simultaneously support alternative financial systems that weaken American influence. His administration appears to view India’s Vostro-driven settlement system as a strategic provocation.

India Advances, BRICS Realigns

India’s rupee trade policy is not just about currency—it is a geopolitical signal of intent. By reducing reliance on the dollar for trade settlements, New Delhi is asserting economic sovereignty, while also reinforcing BRICS goals of multipolar finance and reduced Western dependency.

According to sources familiar with the RBI’s strategy, the goal is long-term: to position the rupee as a viable medium of exchange within Asia, Africa, and the broader Global South.

In this new financial architecture, BRICS-aligned economies are working together to design non-dollar payment rails, and India is becoming a central player in that effort.

Outlook: Rupee Trade Meets Washington Resistance

While India’s Vostro framework is gaining traction globally, its future viability will depend on how the U.S. reacts in the coming months. The Trump administration’s tariffs are just one layer of pressure. Additional sanctions or financial restrictions on countries using rupee settlements could emerge, potentially complicating India's push.

Still, India’s currency diplomacy signals a deeper BRICS realignment, one where national currencies replace dollar hegemony — at least in targeted sectors of bilateral trade. What comes next may reshape global commerce and force emerging economies to choose between U.S. alignment or BRICS autonomy.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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“Tidbits From TNT” Friday 8-1-2025

TNT:

Tishwash:  The dinar rises and trade falls... a monetary paradox that confuses markets and curbs consumption.

Amid an atmosphere of cautious anxiety, Iraqi markets are gripped by a deep recession, with economic indicators intersecting with political variables, creating a stagnation-ridden business environment characterized by stagnation and low expectations. The sharp decline in purchasing power, the chronic volatility of the dinar's exchange rate against the dollar, and the government's shrinking spending are all symptoms of a complex problem that extends beyond the market to touch upon the very structure of Iraq's rentier economy.

The manifestations of this stagnation are manifested in a state of "passive waiting" prevalent among consumers and traders. Despite its relative recovery, the dollar has become a source of suspicion rather than a catalyst for activity. The more the price declines, the more markets freeze, and citizens withdraw from the trading scene in hopes of further declines. This turns purchasing into a financial bet. An Iraqi economist summed it up by saying, "Demand in Iraq no longer follows need, but rather monetary sentiment."

The statements of Rashid Al-Saadi, a representative of the Baghdad Chamber of Commerce, are an indication of the growing entanglement between economics and politics. He clearly pointed to the impact of the Central Bank's decisions, the budget delays, and the reduced reliance on the parallel market. These observations reinforce the conviction that the issue goes beyond market fluctuations to the declining effectiveness of fiscal and monetary policy tools, given the absence of a proactive state role that can absorb shocks.

The repercussions extend to a darker landscape as experts speak of business losses, a shrinking real estate market, a decline in investment, and a weakening confidence in the effectiveness of monetary policy. These indicators reveal a flaw in the Iraqi economy's equation, which is based on government spending that is only achieved through the approval of a budget, oil revenues that are slowly translated into projects, and a legislative structure that hinders market flexibility rather than protecting it.

It appears that the state, as the economic center of gravity, has become a bystander or a deferent, which has pushed the market toward a horizontal recession across various sectors, from real estate to automobiles, from tourism to trade, without the decline in inflation having any significant revival effect.

In contrast to this bleak landscape, some sectors, such as agriculture, the food industry, and e-commerce, appear less affected. However, they remain exceptions that do not alter the nature of the dilemma. The problem is structural, requiring urgent monetary and legislative reforms to restore investor confidence, curb market volatility, and recalibrate the relationship between the state and the private sector, moving away from improvisation and persecution rather than partnership.  link

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Tishwash:  Oil is not another reason delaying the submission of budget tables to Parliament, and a warning against entering 2026 without them.

Economic expert Safwan Qusay revealed non-oil reasons behind the delay in submitting the budget schedules to parliament, warning of the repercussions of entering 2026 without actual approval, which could disrupt public spending and impact economic stability.

Qusay told Al Furat News: "The delay in sending it is not only related to fluctuating oil prices, but also to a government attempt to audit the numbers of employees, retirees, and those covered by welfare and the ration card, which may reveal exaggerations and inaccurate funding in some items over the past years."

He added, "Financial and economic stability requires sustaining spending rates at levels similar to those recorded in the 2024 budget, which amounted to approximately 360 trillion dinars," noting that "a decline in public spending could lead to an economic contraction, particularly in items related to new projects and job opportunities."

Qusay explained that "the government continues to spend on salaries, pensions, welfare, and the food basket, as these are governed by laws. However, investment agreements and development projects require financial schedules to ensure sustainable funding and reduce unemployment rates."

He pointed out that "budget tables represent an important reference for the private sector, which relies on them to plan imports and investments," noting that "the absence of these tables will lead to economic confusion, requiring urgent intervention from Parliament to avoid entering the next year without a legal basis for spending."

In a related context, Qusay noted that "oil prices during the first half of 2025 reached approximately $70 per barrel," stressing that "the future outlook for the markets indicates the possibility of prices rising due to increased demand from China and the United States and improved understandings between the European Union and the United States, which could push the price to $73."

Regarding production policy, the expert concluded by saying, "The Ministry of Oil is determined to increase production capacity to nearly 6.5 million barrels per day over the coming years, while Iraq's OPEC quota is gradually increasing by 50,000 barrels per month in preparation for returning to the production capacity approved in November 2023."   link

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Tishwash:  Industry: The first locally manufactured portable thermal imaging system has been completed and security authorities have been notified.

The Ministry of Industry announced on Friday the completion of the first locally manufactured portable thermal imaging camera system, while noting that it had approached security and military agencies to discuss the use of this national system.

Ministry spokeswoman Duha al-Jubouri said in a press statement that "the ministry has completed the first portable thermal camera system, manufactured locally at the Al-Kindi factory affiliated with the General Company for Communications and Capacity in Nineveh Governorate.

" She added that "the new system is used for field surveillance and covers an area of up to 360 degrees, with a range of 6 to 30 kilometers, depending on the required specifications. It operates on solar energy and batteries to provide the necessary energy for long periods."

She confirmed that "the ministry has approached security and military agencies, such as the Ministries of Defense and Interior, to benefit from this national system," noting that "it will work to develop it later."  link

Mot:  Don't Knows bout U!! -- But When the RV Happens - I'm Gunna 

Mot:  .... I’ve never slipped on sunshine, just sayin’

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

Good morning Dinar Recaps,

‘Crypto, Welcome Home’: White House Report Signals Major Shift in U.S. Policy Toward Digital Assets

Industry leaders praise Trump administration’s pro-crypto stance and SEC’s move to rethink token classification.

In a landmark move that could reshape the future of digital asset policy in the United States, the White House on Wednesday released a 168-page report outlining a comprehensive regulatory framework for crypto. The report includes key proposals covering banking access, stablecoins, taxation, illicit finance, and a federal crypto stockpile.

Treasury Secretary Scott Bessent, in prepared remarks, took direct aim at the previous administration, calling the Biden-era approach to crypto “hostile.” In a striking departure from past rhetoric, Bessent posted on social media:

“Crypto, welcome home.”

He elaborated in his speech:

“So start your companies here. Launch your protocols here. And hire your workers here. You’ll be glad you did.”

Industry Praises New White House Approach

The report’s release was met with strong approval from across the digital asset sector. Advocates hailed the move as a long-overdue acknowledgment of crypto’s economic potential.

“We commend this Administration, the Presidential Working Group, and all the agencies involved for producing a comprehensive, forward-looking report,” said Ji Hun Kim, CEO of the Crypto Council for Innovation. “It reflects a serious commitment of U.S. leadership in the digital asset space and the continued adoption of blockchain technology.”

Several leaders highlighted how this report builds on previous congressional efforts—especially the passage of the GENIUS Act, which federally regulates stablecoins and laid groundwork for broader crypto market structure legislation.

“This moment is a reminder that groundbreaking legislation like GENIUS becomes law because of advocates who demand progress,” said Mason Lynaugh, community director at Stand With Crypto. “Now, not only do we have a voice in the national conversation, but we also have momentum on our side. Let’s keep going.”

U.S. Signaling Global Crypto Leadership

Roshan Robert, CEO of OKX US, framed the report as a pivot toward practical adoption:

“From Ethereum-based treasuries to compliant stablecoins and regulated exchanges, Washington is signaling a shift toward real-world utility over ideology.”

Robert added that the United States is finally “stepping up to lead” in the digital asset space—a sentiment echoed by others who see the report as a potential turning point.

SEC to Lead Secondary Market Regulation

The report also clarifies the roles of various agencies, naming the Securities and Exchange Commission (SEC) as the “primary federal regulator of secondary digital asset markets.” On Thursday, SEC Chair Paul Atkins acted on the recommendations by launching a new agency initiative called “Project Crypto.”

Atkins said that Commissioner Hester Peirce and her task force will begin developing proposals in line with the White House’s framework. He also committed agency staff to draft new rules around crypto distributions, custody, and trading, subject to public comment.

“The biggest headline is that most tokens are not considered securities,” said Nic Puckrin, founder of Coin Bureau. “That’s a huge shift from the SEC’s previous stance.”

Regulatory Philosophy: Support Innovation, Protect Rights

Atkins emphasized a regulatory posture that distinguishes between centralized schemes and onchain software systems, including DeFi protocols. He pledged that developers and users will not be burdened by "duplicative or unnecessary regulation."

“At DeFi Education Fund, we sincerely appreciate his acknowledgment of the American right to self-custody,” said Amanda Tuminelli, the group’s executive director. “He understands that regulating DeFi requires a nuanced approach—and that’s exactly what we need.”

A New Chapter in U.S. Crypto Policy?

This week’s announcements from both the White House and the SEC appear to mark the beginning of a major realignment in U.S. crypto regulation. Once viewed primarily through the lens of enforcement and national security, digital assets are now being positioned as strategic infrastructure—with the government encouraging builders to innovate on American soil.

While the details of future rulemaking remain to be seen, the tone has unmistakably shifted. In the words of the Treasury Secretary, crypto is finally being invited home.

@ Newshounds News™
Source:  The Block

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Powell Blames Trump: Interest Rates Frozen by His Tariff Policy

Federal Reserve Chairman Jerome Powell made headlines this week by placing responsibility for stalled rate cuts squarely on the shoulders of President Donald Trump, whose tariff policies are injecting instability into the global economy. While markets were bracing for a policy pivot in 2025, Powell made clear that any such move remains on hold — not due to inflation, but due to Trump’s economic tactics.

“I think that’s true,” Powell stated bluntly when asked whether interest rates would already be lower without Trump’s recent trade measures.

That single sentence landed like a thunderclap across Wall Street. The implication: Trump’s aggressive tariff strategy is forcing the Fed into a holding pattern. In the Fed Chair’s words and tone, a deeper confrontation is brewing — not just between economics and politics, but between institutional independence and presidential volatility.

Trump’s Tariff Gambit Blocks Fed Action

Powell’s remarks confirm what investors have suspected: the Fed is delaying rate cuts due to the uncertainty created by the White House. While inflation has eased and the broader economy shows signs of fatigue, the central bank refuses to budge, citing Trump’s aggressive trade posture with key global partners.

“They’ve made abrupt decisions,” Powell alluded, adding that these create “a climate of instability.”

The renewed economic nationalism — dubbed by some as the Return of Trumpian Tariffism — carries high costs. From Beijing to Brussels, retaliatory whispers are already echoing across trade ministries, and central banks globally are watching to see whether the U.S. Fed can maintain autonomy under executive pressure.

Powell vs. Trump: Personal History, Policy Collision

The drama isn’t just institutional — it’s personal. Trump appointed Powell in 2019, but their relationship quickly soured. Trump has since publicly criticized Powell, most recently calling him a “stubborn mule” and “a stupid person.”

Despite the attacks, Powell remains publicly composed. But make no mistake: the Fed Chair is quietly reasserting his role as guardian of monetary stability, refusing to be rushed into rate cuts that could unleash unintended consequences in a politically charged environment.

Crypto in the Crossfire: Bitcoin and Stablecoins React

The standoff has spilled into the digital asset space. Bitcoin fell 1.3% on Tuesday, as Powell’s comments — and Trump’s unpredictability — weighed on market sentiment.

“As long as rates remain high, liquidity becomes scarcer, and cryptocurrencies suffer,” analysts warn.

In a telling shift, Powell also acknowledged that the Fed is supporting stablecoin legislation, suggesting that while it holds the line on rates, it is not opposed to financial innovation. He noted a “significant change in tone” on Wall Street toward crypto, indicating the sector’s growing legitimacy in monetary policy discussions.

Balancing Act: The Fed’s Independence Under Fire

Trump’s tariff policies aren’t just economic tools — they’re electoral levers. His administration is using trade threats to rally domestic support, even at the cost of global stability. The Fed, in contrast, is forced into cautious restraint, maintaining high rates not because it wants to, but because it must wait for clarity.

“This isn’t just about rates,” one economist noted. “It’s about whether U.S. institutions can withstand politicization during an election year.”

As Powell plays for time and Trump reshapes trade policy with a campaign lens, the fate of interest rates — and by extension, the economy and digital asset markets — remains tethered to political turbulence.

Outlook: One Name, One Variable

Whether in bond markets or Bitcoin forums, one name dominates every discussion: Trump. His influence on trade, rates, and digital asset regulation has become the single most important variable in economic forecasting.

“For Trump, Bitcoin doesn’t compete with the dollar — it becomes a safety valve,” one strategist observed.

This is no longer a theoretical debate. It is a live test of how America’s monetary framework navigates the crosswinds of politics, innovation, and global realignment. The coming months will decide whether the Fed can hold its ground — or whether the Trump doctrine forces a structural shift in U.S. monetary independence.

@ Newshounds News™
Source:  Cointribune

~~~~~~~~~

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Ariel: Big Moves are Being made Today

Ariel: Big Moves are Being made Today

Big Moves Are Being Made Today:

• Sec Dropped The Ripple Case
• Kurdish Region Ready To Export Oil
• President Demands Fed To Lower Interest Rates Now

Iraq has 30% Tariffs on them.

What was one of the main things Donald Trump said must cease regarding countries with financial undercuts?

Currency Manipulation.

Do I think Iraq will come out with a hard rate change on August 1st?

Can not say emphatically. But one thing I can say with 100% certainty.

Is that by default of their fraudulent monetary practice is that they will have to start on Friday a official procedure to end the program rate and allow a market float to determine their currency value.

National Bank of Iraq and Temenos have partnered together to transition the Iraqi Banks from Legacy Systems to a Unified Core Banking and Payments Platform.

What does this mean?

Temenos digital products are adaptable and scalable that will allow them to work inside an Open Banking System. This new upgrade will allow Iraq to trade with Global Financial Institutions around the world.

Do you all understand the importance of what is being done for your financial freedom?

All the tools will be available for you all to make a stable future for yourselves and family. Take full advantage of this opportunity.

This will never happen again.

Majeed:  RV before the deadline, August 1

Source(s):  https://x.com/Prolotario1/status/1950568225873305848

https://dinarchronicles.com/2025/07/30/ariel-prolotario1-big-moves-are-being-made-today/

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

Good Morning Dinar Recaps,

Transatlantic Turbulence: Trump-EU Turnberry Agreement Reshapes Global Trade Balance

The United States and European Union have entered a historic — and highly controversial — trade pact that risks redefining global economic alignments. The Turnberry Agreement, signed on July 28, imposes sweeping tariffs on European exports while locking in a massive $750 billion fossil fuel purchase commitment from the EU. Beneath the diplomatic optics, the deal signals a deep strategic realignment with potentially lasting consequences for global trade, energy security, and industrial policy.

Key Sectors Targeted by New U.S. Tariffs

The agreement, driven by President Donald Trump’s renewed protectionist agenda, slaps a 15% tariff on a broad range of high-value European exports to the United States. This follows an earlier 27.5% hike on select categories in April, disproportionately impacting European economies such as Germany and France.

Strategic sectors affected include:

• Automobiles – German automakers face steep tariff headwinds.

• Luxury goods – French brands like LVMH and Kering are considering U.S.-based production pivots to mitigate exposure.

• Pharmaceuticals – Tariff exemptions for medicines are ending, threatening a sector that accounts for 22.5% of EU exports.

• Cosmetics and wines – These industries face new uncertainty, with over €8 billion in annual trade now exposed to higher costs.

Europe’s $750 Billion Energy Commitment: Strategic Dependence or Economic Leverage?

In exchange, the EU has committed to purchasing $750 billion in U.S. fossil fuels, particularly shale gas — a move that critics say deepens Europe’s strategic energy dependence and contradicts stated climate neutrality goals.

The European Commission’s ability to enforce this commitment remains questionable, especially amid diverging member state priorities. Nevertheless, the symbolic and financial weight of the deal indicates a forced alignment with U.S. geopolitical and economic interests.

Industrial Reorientation, Climate Contradictions, and Strategic Fallout

The agreement is expected to trigger major industrial reorientations across the EU, with companies considering relocation to the U.S. to maintain market access. This not only undermines Europe’s industrial sovereignty but also threatens its climate commitments, as increased fossil fuel imports conflict with the European Green Deal.

A Global Economy Rebalanced on Unequal Terms

The Turnberry Agreement underscores a new era of asymmetric trade negotiations, where traditional Western alliances are subordinated to America First–driven policies. Europe’s attempt to avoid confrontation with the U.S. may instead result in economic subjugation, as critics argue the deal surrenders too much leverage without meaningful reciprocity.

As tariff walls rise and energy dependencies deepen, the global trade system appears increasingly fractured — reinforcing the move toward a multipolar economic order where geopolitics, energy, and trade policy are no longer separable.

@ Newshounds News™
Source:  Cointribune

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BRICS Accelerates Intra-Bloc Trade: India and Brazil Set $60B Target Amid U.S. Backlash

BRICS member states India and Brazil have jointly committed to tripling their bilateral trade flows, signaling a bold escalation of intra-BRICS economic cooperation amid rising geopolitical tensions. The move comes as U.S. President Donald Trump continues to threaten tariffs against BRICS-aligned nations that pursue “anti-American” economic strategies.

Strategic Trade Expansion Between India and Brazil

India’s Prime Minister Narendra Modi and Brazil’s President Luiz Inácio Lula da Silva signed a series of agreements this month aimed at boosting food security, energy transition, and industrial collaboration. The deals cover a broad range of sectors including cotton, chicken, and essential food commodities, as both countries seek to reduce reliance on external powers and foster deeper South-South cooperation.

Lula stated unequivocally:

“Our $12 billion trade flow is not up to par with our economies. We are determined to accelerate this goal, tripling this amount in the short term.”

India’s Modi echoed this, asserting that a $60 billion trade target within five years is “not difficult to achieve,” given the growth potential and mutual economic alignment between the two emerging markets.

A Response to U.S. Pressure on BRICS Nations

The timing of the India-Brazil trade acceleration is significant. It follows recent threats from the Trump administration, which has warned of retaliatory tariffs on BRICS countries that pursue policies counter to U.S. interests. Trump’s comments have drawn rebukes from multiple BRICS leaders, including Lula, who criticized the U.S. president’s approach:

“I don’t think it’s very responsible and serious for a president of a country the size of the U.S. to threaten the world over the internet… We don’t want an emperor.”

This political backdrop underscores how BRICS trade initiatives are increasingly intertwined with broader multipolar realignment efforts, as member states seek autonomy from Western financial and trade systems.

Toward a $60 Billion Trade Corridor

Negotiations for the expanded trade framework are expected to begin in Q1 2026, with both nations committing to fast-track the process. Analysts view this as part of a wider BRICS strategy to establish strong internal trade corridors, increase resilience against sanctions, and enhance strategic food and energy security within the bloc.

As U.S. pressure mounts, BRICS’ internal partnerships — such as the India-Brazil trade pact — are becoming the foundation of a multipolar economic architecture, designed to shift global power away from the traditional transatlantic axis.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Follow the Roadmap

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Thank you Dinar Recaps

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

The National Bank Of Iraq Signs A Strategic Agreement With The Ministry Of Finance To Activate The Sovereign Guarantees Program.

Banks  Economy News – Baghdad   The National Bank of Iraq signed a strategic cooperation agreement with the Ministry of Finance aimed at activating the sovereign guarantees program. This qualitative step reflects the Iraqi government's commitment to empowering the banking sector, enhancing its role in supporting the national economy, and stimulating investment in priority projects.

This agreement aims to enable Iraqi banks to contribute to providing long-term credit facilities for national projects, through guarantees provided (in part) by the Iraqi government to foreign international financing institutions. This will help reduce financing risks and encourage the private sector and local and international investors to enter the Iraqi market with greater confidence.

Under the agreement, the National Bank of Iraq will play a pivotal role in facilitating financial relations for projects and assisting in obtaining financing through international financial institutions, in line with its strategic position and active role in supporting productive sectors, particularly industries that receive direct attention from the Iraqi government.

This agreement comes as part of the government's efforts to strengthen public-private partnerships and enable local banks to play a greater role in supporting the national economy, particularly in vital sectors such as industry, energy, and housing.

This agreement represents a pivotal milestone in the bank's journey and embodies its commitment to providing innovative and secure financing solutions that support economic development efforts in Iraq.

This partnership with the Ministry of Finance will open new horizons for the banking sector and enable the National Bank of Iraq to contribute more effectively to financing vital projects Iraq needs.

This step is in line with the Iraqi government's financial and administrative reform plan, which aims to diversify sources of income, boost non-oil revenues, and enable the banking sector to play a greater role in supporting sustainable development and achieving the national economic vision.

The National Bank of Iraq affirms its commitment to continuing to work with relevant government agencies to implement innovative financing programs that contribute to enabling major national projects, particularly in the fields of industry, energy, and infrastructure.

The bank also seeks to expand its regional and international partnerships to provide financing tools that align with development requirements and support the government's efforts to achieve comprehensive and sustainable economic stability.   342 views  https://economy-news.net/content.php?id=58100

Currency Market: New Rise In Dollar Prices In The Local Market

Buratha News Agency1702025-07-30  The dollar exchange rate against the dinar resumed its rise after the closure of the two main stock exchanges in Al-Kifah and Al-Harithiya. The selling price reached 140,500 dinars for $100, while the buying price reached 138,500 dinars for $100.  https://burathanews.com/arabic/economic/463476

Oil Prices Rise, Brent Exceeds $72 A Barrel

Energy   Oil prices rose slightly on Wednesday, as investors focused on developments in US President Donald Trump's deadline to end the war in Ukraine and his threat to impose tariffs on countries that trade in Russian oil.

Brent crude futures, the most active, rose 40 cents, or about 0.6%, to $72.09 a barrel.

US West Texas Intermediate crude rose 76 cents to $69.97 a barrel, as investors shrugged off mixed US data on oil and fuel inventories.  September Brent futures rise ahead of trading close.

September Brent crude, which expires Wednesday, rose 37 cents to $72.88.
Both contracts had fallen about 1% earlier in the session.

Trump said on Tuesday that he would begin imposing measures on Russia, including secondary tariffs of 100% on its trading partners, if it did not make progress in ending the war within 10 to 12 days, 50 days earlier than previously scheduled.

Trump also imposed a 25% tariff on goods imported from India starting August 1, along with unspecified sanctions related to arms and oil purchases from Russia, potentially straining relations with the world's most populous democracy.

The United States also warned China, the largest buyer of Russian oil, that it could face hefty tariffs if it continues to purchase this oil.  US inventory data reveals unexpected increases.

The US Energy Information Administration announced that US crude inventories rose by 7.7 million barrels, compared to analysts' expectations in a Reuters poll for a decrease of 1.3 million barrels.

US gasoline inventories fell by 2.7 million barrels, compared to expectations for a smaller decrease of 0.6 million barrels.

Distillate inventories, which include diesel and heating oil, rose by 3.6 million barrels, exceeding expectations for a gain of only 0.3 million barrels, according to the EIA data. 56 views  2025/07/30 - https://economy-news.net/content.php?id=58141

Gold Prices Fell More Than 1 Percent After The US Interest Rates Were Held Steady.

Wednesday, July 30, 2025, 11:57 PM | Economic Number of readings: 87  Baghdad/ NINA / Gold prices fell, at settlement on Wednesday, by more than one percent, after the Federal Reserve (the US central bank) kept interest rates unchanged and refrained from providing indications about the timing of a cut, while strong US economic data weakened the appeal of the yellow metal.

Spot gold fell 1.5 percent to $3,275.92 per ounce.

US gold futures also lost 0.8 percent, recording $3,352.8.

As for other precious metals, silver fell in spot transactions by 3.2 percent to $36.97 per ounce, falling to its lowest level in three weeks, while platinum fell by 6.6 percent to $1,303.19, its lowest level since June 24, and palladium fell by 4.9 percent to $1,196.75. https://ninanews.com/Website/News/Details?key=1243853

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