U.S. Dollar To Stay Under Pressure From Tariff, Debt And Rate Cut Expectations

U.S. Dollar To Stay Under Pressure From Tariff, Debt And Rate Cut Expectations

By Sarupya Ganguly  Wed, July 2, 2025 

BENGALURU (Reuters) -The U.S. dollar will remain weak over the coming months, a Reuters poll of FX analysts forecast, caught in a tangle of mounting U.S. debt concerns, erratic tariff policies and rising interest rate cut expectations.

Growing unease over President Donald Trump’s on-again off-again tariffs, and a tax-cut and spending bill that is expected to add $3.3 trillion to the national debt, have led to a scurry of investor outflows from dollar-denominated assets in recent months.

A surge in the "term premium" - compensation investors demand to hold longer-term debt - has also contributed to a nearly 11% dollar decline against a basket of major currencies this year and to a three-and-a-half-year low against the euro and sterling last week.

Recent data from the Commodity Futures Trading Commission also showed the short-dollar trade was at a near two-year high, suggesting further weakness may be in the offing.

Asked how that positioning would change by end-July, more than 80% of FX analysts in a June 27-July 2 Reuters poll, 42 of 52, said it would broadly hold or net-shorts would increase.

A majority of these same FX analysts surveyed by Reuters in April and again in May had already concluded the reserve currency’s "safe haven" shine had partly eroded

"We are expecting a weaker U.S. dollar in the coming months," said Jennifer Lee, senior economist at BMO Capital Markets.

"The recent budget, the inflationary impact tariffs are going to have and what that means for the Federal Reserve, and the pointed comments President Trump is using against Fed Chair Jerome Powell - all of that doesn't bode well for the overall U.S. economic outlook at least over the rest of the year."

Trump has repeatedly demanded immediate and deep rate cuts. Powell, whose term ends in May 2026, reiterated on Tuesday the central bank's plan was to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates.

TARIFF NEGOTIATIONS

Asked what would be the main driver for the U.S. dollar over the coming month, nearly 37% of respondents, 22 of 60, said "tariff negotiations". Attention will now turn to Trump's next move after the July 9 expiry of a 90-day pause on sweeping tariffs he announced in early April.

Eighteen respondents said "interest rate differentials", which have not been important in recent months - with the euro surging while the European Central Bank was cutting rates and the Fed on hold all year.

Thirteen said "portfolio diversification", supporting findings from a June survey where a near-90% majority of FX strategists said demand for dollar assets would decline.

Seven chose "debate over Fed independence".

TO READ MORE:

https://www.yahoo.com/finance/news/u-dollar-stay-under-pressure-114858791.html

Seeds of Wisdom RV and Economic Updates Wednesday Morning 7-2-25

Good Morning Dinar Recaps,

Ripple and OpenPayd Partner to Deliver Enterprise-Ready Stablecoin and Payment Infrastructure

LONDON, UK – July 2, 2025 – In a landmark move for blockchain and fintech integration, Ripple has announced a strategic partnership with OpenPayd, a leading provider of financial infrastructure. The collaboration aims to deliver compliant, scalable, and efficient payment solutions for enterprise clients, bridging the gap between traditional finance and blockchain.

Unified Payment Rail for Enterprise Clients

Through the agreement, OpenPayd’s global fiat infrastructure — including real-time payment rails, multi-currency accounts, and virtual IBANs — will support Ripple Payments in EUR and GBP. Ripple Payments, the company’s cross-border payments platform, leverages blockchain and digital assets to offer fast, transparent, and reliable international transactions.

“Ripple has long been a pioneer in blockchain-based payments,” said Iana Dimitrova, Chief Executive at OpenPayd.
“By combining Ripple Payments with OpenPayd’s rail-agnostic and interoperable fiat infrastructure, we’re delivering a unified platform that simplifies global money movement and cross-border treasury management.”

Direct Access to RLUSD Stablecoin Infrastructure

The partnership also marks a major leap for stablecoin innovation. OpenPayd will enable direct minting and burning of Ripple USD (RLUSD), Ripple’s enterprise-grade, USD-denominated stablecoin. Businesses will gain seamless access to embedded accounts, payments, trading, and fiat–stablecoin conversion — all via a single API.

“The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets,” said Jack McDonald, SVP of Stablecoins at Ripple.
“Our collaboration with OpenPayd gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the blockchain connectivity they need.”

Enterprise-Scale Use Cases

This combined infrastructure supports a wide range of enterprise applications, including:

• Cross-border payments

• Global treasury management

• Dollar liquidity access at scale

• Stablecoin-powered dollar operations

As demand for real-time, compliant global infrastructure grows, the partnership aims to future-proof enterprise payment strategies.

Ripple’s Global Reach

Ripple Payments now covers 90+ payout markets, representing over 90% of global daily FX volume, with more than $70 billion processed to date. The company’s secure, regulatory-compliant infrastructure positions it as a leader in providing core digital asset services for financial institutions.

@ Newshounds News™
Source: Ripple Press Release

~~~~~~~~~

Big Beautiful Bill Passes Without Crypto Tax Relief – Snorter Bot Emerges as Market Alternative

WASHINGTON, D.C. – July 2025 – In a narrow 51–50 vote, the U.S. Senate has passed the 'One Big Beautiful Act,' a sweeping budget reconciliation bill backed by President Donald Trump. While the legislation delivers major fiscal reforms, it notably excludes crypto tax relief, despite strong lobbying from digital asset advocates.

The bill now returns to the House of Representatives for a second vote before heading to the president’s desk. But for now, crypto tax reform is off the table — a setback for the growing number of Americans using digital currencies in everyday life.

Senate Rejects Key Crypto Tax Amendment

Among the most anticipated proposals was an amendment by Senator Cynthia Lummis, which aimed to exempt crypto transactions under $300 from capital gains tax, capped at $5,000 annually. The amendment received vocal support from Gemini co-founder Tyler Winklevoss and BTC Inc.’s David Bailey, but was ultimately left out of the final package.

“It’s still a major step in the right direction,” said Lummis, calling the broader bill a win for “working families across Wyoming.”

Despite this optimism, the lack of tax clarity leaves many retail investors wary, especially when using crypto for small, everyday purchases. The omission also increases the appeal of decentralized platforms that bypass centralized tax reporting requirements.

Snorter Bot Offers a Workaround: Fast, Low-Fee Solana Trading

In contrast to legislative inaction, innovation in crypto trading is advancing rapidly. A standout example is the upcoming launch of Snorter Bot, a Telegram-based trading tool built on Solana, offering sub-second trade speeds and industry-low fees of just 0.85%.

The bot is designed to help users:

• Auto-snipe emerging tokens before they trend

• Flag potential scams and honeypots

• Execute trades faster than competitors like Maestro, Bonk Bot, and Banana Gun

Snorter Bot’s utility is powered by $SNORT, its native token. Holding $SNORT unlocks:

• Reduced trading fees

• Premium bot features

• Staking rewards up to 236% APY

• DAO voting rights for future platform upgrades

With over $1.4 million raised in presale since May 28, 2025, $SNORT is emerging as a powerful alternative for retail traders looking to stay agile amid regulatory limbo.

From Regulation Gridlock to On-Chain Agility

While the Senate’s decision may frustrate crypto enthusiasts, it underscores a growing reality: technology is evolving faster than regulation.

“As policymakers stall, Snorter could soon empower everyday users to make decentralized trades with unbeatable fees and real on-chain utility,” said a representative from the Snorter development team.

The project is also preparing to expand beyond Solana, eyeing major EVM-compatible chains to build a multi-chain, future-ready trading platform.

$SNORT is currently priced at $0.0971, with projections estimating a potential rise to $0.94 post-exchange listing — an 868% upside. However, as always in crypto: Do Your Own Research (DYOR) and never invest more than you’re prepared to lose.

@ Newshounds News™
Source: Bitcoinist

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Wednesday Morning 7-2-2025

TNT:

Tishwash:  Economist: Most of the money supply is outside banks for this reason

Economic researcher Diaa Abdul Karim believes that most of the money supply is now outside banks due to citizens' loss of confidence in the Iraqi banking system.

Abdul Karim told Al-Maalouma, “There is a lack of confidence among citizens in the existing banking system, due to fears of sanctions, bank robberies, or a collapse of the political system, which would have repercussions for the banks.”

He added, "This fear is leading citizens to turn away from banks, with most of the cash stock now stored in homes. The banking system is supposed to work to withdraw this cash and transfer it to electronic and credit cards, so that spending shifts to cards instead of cash."

He explained that "the size of the monetary mass outside banks is estimated at more than 70 trillion dinars, and that the government's measures, although an attempt to withdraw the monetary mass, will not push citizens toward strengthening their confidence in the banking system."  link

Tishwash:  After failing to reach an agreement with Baghdad, a key government meeting was held in Erbil.

The Kurdistan Regional Government will hold a session tomorrow, Wednesday, to discuss the May and June salaries, while the re-export of the region's oil will be another topic of discussion.

According to information available to Al-Masry, the Kurdistan Regional Government's Council of Ministers will hold a session tomorrow to discuss the results of the region's delegation's meetings with the federal government.

The Kurdistan delegation's meetings in Baghdad over the past few days have yielded no results, despite assurances from MPs and political sources that an agreement is close to being reached on salaries and the resumption of the region's oil exports.

According to sources, the federal government is expected to send May salaries until Erbil and Baghdad reach an agreement on oil exports and the release of half of the region's oil revenues.  link

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

Tishwash:  Al-Nusairi: The Central Bank is making fruitful efforts in the first half of 2025 to achieve the comprehensive banking reform project.

Economic and banking advisor Samir Al-Nusairi affirmed on Wednesday that the Central Bank's measures and efforts during the first half of 2025 were fruitful in implementing the objectives of the comprehensive banking reform project, in cooperation with the government and international consulting and auditing firms, particularly Oliver & Wyman, and the goals and initiatives of its third strategy for 2024-2026.  

Al-Nusairi spoke about the challenges facing the Iraqi economy and the opportunities for reforming the banking sector within the government's framework, as well as the prospects of the Central Bank's future vision for the role of the banking sector in sustainable development. He also spoke about the efforts currently being made to activate and revolutionize productive economic sectors other than oil, to diversify sources of national income and achieve financial sustainability, and the role of the Central Bank in regulating foreign trade financing.

Completing infrastructure projects to achieve comprehensive digital transformation and expanding the use of electronic payment tools to achieve financial inclusion.

Al-Nusairi explained that opportunities for reforming and developing the banking sector in 2025 are based on the following objectives:

First: Developing the Iraqi banking system and its compliance with international banking and accounting standards. 

 Second: Enhancing citizens' confidence in the banking sector locally, and internationally recognizing its transparency, progress, and strict adherence to international standards, and gaining the trust of reputable correspondent banks to deal with it.

 Third: Transforming banks to their primary function, which is financing and bank lending for development. Strengthening financial inclusion and increasing its current rate as planned.

Fourth: Banks that do not provide loans and banking facilities that contribute to development, as they are the lever of sustainable development, lose their meaning as banks, which requires a specific position from the Central Bank in 2025.

Fifth: Strengthening procedures and decisions to transition from a cash economy to a digital economy and withdrawing funds outside the banking cycle and bringing them into the banking system.

He pointed out that all the above objectives, although the period specified for their implementation according to the banking reform project and the Central Bank strategy ranges between (1-4 years), what was achieved in 2023 and 2024 until 6/30/2025 constitutes ambitious percentages as announced, which led to the evaluation and classification of banks based on their achievement of the planned objectives.

There are banks moving towards the required development and banks that still need an additional period of time to achieve the objectives, and there are troubled banks that are now making exceptional efforts from the Central Bank and the administrations of these banks to rehabilitate them.  link

Mot: Ya Gots to Love Da Farmers OUt There!!!! 

Mot:  Yeppers!!! -- Every Now and Then Ya Gots to ~~~~~

MilitiaMan and Crew: Iraq Dinar- Oil & Salary file-Electronic Payments-Reduce note count

MilitiaMan and Crew:  Iraq Dinar- Oil & Salary file-Electronic Payments-Reduce note count

7-1-2025

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

BREAKTHROUGH IN IRAQ: Oil and Salary Agreements Between Baghdad and Kurdistan

In today's video, we delve into a significant development in Iraq's economic landscape as Baghdad and the Kurdistan region reach a breakthrough on the pressing oil and regional salary issues.

This landmark agreement marks a turning point in the relationship between the central government and the Kurdistan Regional Government, paving the way for greater financial stability and cooperation.

Adoption of Electronic Payments We explore the new move towards electronic payments aimed at reducing cash transactions. This shift not only modernizes the payment system but also enhances transparency and efficiency in financial dealings.

 Comprehensive Banking Reforms Additionally, we discuss the comprehensive banking reforms being implemented, which signal potential changes in Iraq's currency, including revaluation and or a redenomination. These reforms reflect Iraq's commitment to strengthening its economy and improving the financial well-being of its citizens.

 Join us as we analyze the implications of these developments for Iraq's economy, its citizens, and the broader Middle Eastern region.

Join us for an insightful discussion and expert analysis on these pressing issues.

https://www.youtube.com/watch?v=H5A_h0X4mCI

Woman Swindled Out Of Thousands Of Dollars In Airline Scam

Woman Swindled Out Of Thousands Of Dollars In Airline Scam

Unfortunately, these cons are common

Tamara Gane  Updated Sun, June 22, 2025

Family vacations are exciting, but they can also present an opportunity for scam artists. Just ask a mom named Haylee who booked 11 flights on American Airlines for an upcoming cruise.

She explained in a recent TikTok video that both her daughter and niece are on the autism spectrum. She called the airline to check to see if accommodations like early boarding were available to make their travel day easier.

A Call Gone Wrong

Haylee looked up the number for American Airlines. At least, that was her intention. In the video, she said, “I guess I must’ve not clicked the number because it rerouted the page."

Unaware that anything was amiss, she clicked the first number. A male voice answered the phone, asking for the flight confirmation numbers for the family’s upcoming trip.

An Offer That Seemed Too Good To Be True

Once he had the confirmation numbers, he was able to look up the flight information. He read it back to them, along with the last four digits of the two credit cards used to book the flights. This assured Haylee he was legit but unfortunately, this information is accessible to anyone with a person’s last name and confirmation number.

The man told Haylee he could give her a discount of $150 per ticket, priority boarding, and seats in the front of the plane. But there was a catch. According to Haylee, he said:

“I have to refund both of the cards, which could take 7-20 business days.

After he claimed to have processed the refund on the two cards, he informed her that he would put the flight on a single card. The new total would be $5,250, a $1,600 discount off the original flight cost.

A Suspicious Email

Haylee provided the man with some additional information, including her credit card number. He charged the card and sent her a confirmation email.

This is when Haylee realized something was wrong. The email said it was from “flight trip.” She thought she’d called American Airlines, so this didn’t make sense.

She quickly opened her American Airlines app. Her original flights were there. No changes had been made. At that point, Haylee realized she’d been scammed.

She immediately locked her credit cards and disputed the charge with her company.

How To Avoid Falling For A Similar Scam

Unfortunately, this is a common con. So common that the Federal Trade Commission (FTC) has an entire page devoted to scammers impersonating airline representatives. This is how they suggest you keep your personal information and your credit card numbers safe:

TO READ MORE:  https://www.yahoo.com/creators/lifestyle/story/woman-swindled-out-of-thousands-of-dollars-in-airline-scam-022249321.html

Hawaii Store Owner Duped By Fake $100 Made With Real $1 Bill

Hawaii Store Owner Duped By Fake $100 Made With Real $1 Bill — how to spot forgeries linked to this technique

Christy Bieber  Tue, July 1, 2025  Moneywise

Kevin Costello, owner of Siam Imports, had a bad experience recently receiving payment with cash. A customer came into his store and paid with a fake $100 bill, but it turned out that the bill was actually a legitimate bill made into a counterfeit — and he failed to catch it.

"I had a couple other girls in here at the same time, so I didn’t really closely look at the $100, which if I would have did that I could [have] probably prevented it,” Costello said.  One reason he didn't identify the issue on the spot: The counterfeit $100 was made using a clever technique thieves are favoring recently.

Unfortunately, Costello isn't the only one to receive payment with phony money, as counterfeiting cases are on the rise in Hawaii, where he owns his business. Fake bills can cost business owners a lot of money, so it's important to understand the dangers of this crime as well as how to identify fake bills — even if the counterfeiting is done well

Bleached Money On The Rise In Hawaii

According to Honolulu police, counterfeiting and forgery rose 16.5% in the past year.

While this counterfeiting can take on different forms, one popular method — and the one that applied to the bill Costello collected — involves taking $1 bills, bleaching them and reprinting them to look like real $100 bills.

"We’re seeing more and more of these bleaching of dollar bills and then they’re being printed with 50 or 100 on them,” Tina Yamaki, president of Retail Merchants of Hawaii, said.

One reason this approach is becoming common is that it can be really hard to detect. “It still feels kind of like a paper bill because you’re still using the same, you know, paper. It’s like if you throw money through the wash. Right? It still feels like a bill, but we’re seeing a lot more people now holding it up to the light, finding out that the [counterfeit detection] pens don’t always work,” Yamaki said.

It's not just Hawaii where there is a concern. According to the Federal Reserve, around one in 40,000 bills is counterfeit, with high-denomination ($50 and $100) bills accounting for most of the fake money

While this is a significant decline in counterfeit funds since 2006, when around one in 10,000 notes was thought to be fraudulent, this still means that as much as $30 million in fraudulent money is cycling through the economy.

How To Spot Fake Money

Costello feels that his mistake in accepting the fake $100 was driven by the fact that he simply didn't take the time to look carefully enough at the bill. "Take the extra couple seconds, actually, all it would’ve took,” Costello said.

TO READ MORE:  https://www.yahoo.com/news/hawaii-store-owner-duped-fake-113100847.html

FRANK26….7-1-25……..AUDIT?

KTFA

Tuesday Night Conference Call

FRANK26….7-1-25……..AUDIT?

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=VUbQ6qOBAZo

More News, Rumors and Opinions Tuesday PM 7-1-2025

The Old Pretender: Is the Timing here Significant?

7-1-2025

The FED has now published the agenda for its 22 July. Basel III Endgame conference. Interestingly, the BoE is participating as the only foreign entity. It will be streamed live. “Integrated Review of the Capital Framework for Large Banks Conference”

https://www.federalreserve.gov/conferences/integrated-review-of-the-capital-framework-for-large-banks.htm

Is the timing here significant, just before the BRICS summit?

The (misplaced) hype around previous BRICS summits came from western commentators. Interestingly, this time the hype is coming from insiders, and those western commentators are silent.

ANI:  Delhi: PM Narendra Modi to visit Brazil from July 5 to 8 to participate in the 17th BRICS Summit, which will be held in Rio de Janeiro from July 6 to 7 Harvansh Chawla, Chairman of BRICS Chamber of Commerce & Industry, says, "This is going to be one of the most historic summits of BRICS so far and not only because PM Modi is going to be there. But keeping in mind the tariff war that the United States has started for all over the world, this summit becomes very significant as far as BRICS countries are concerned... So whatever the summit outcome will be, it will be very historic and very significant this time..."

https://x.com/i/status/1939603098001138054

India’s kabuki opposition to a BRICS currency may have been a red herring to help divert focus away from a new national currencies payments platform, which facilitates trade deficit settlement using #gold bullion. Question is, will #gold be mentioned at this BRICS summit?

Hyperinflate away the debt before implementing a new gold standard with gold-backed USTs on 4th July 2026. In the intervening period, spin the crack-up boom as an economic boom.

Garret Goggin CFA and CMT:  Trump is going full MMT. Debt and spending are good because they produce growth. Fed rates soon to be at 1%. Get ready for the biggest financial bubble of all time. Gold will do as it always does and climb higher as the USD loses purchasing power at an accelerating rate

Source(s):  https://x.com/Dioclet54046121/status/1939262081670266995

https://dinarchronicles.com/2025/06/30/the-old-pretender-is-the-timing-here-significant/

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

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   The pin has been pulled IMO on the Iraqi dinar...Trump...is using the "idea" to play fair with currencies around the world.  He's convinced many counties to talk to him about that subject...Things are moving pretty fast IMO...

Frank26   A sovereign country must protect its borders, it's air, its water, its land, everything.  That is what Iraq is telling the world right now, that we are a sovereign nation therefore we have a sovereign exchange rate, a sovereign currency...that does not belong to 1310.  IMO $3.22 belongs to Iraq.

Militia Man   There is a new [Iraqi] Federal Supreme Court President appointed today...Salaries are part of the '23/'24 tripartite budget, they haven't been paid yet.  We also know the oil hasn't flowed yet.  But all these things are at the table at the same time just like the Supreme Court President, all today, same time, fascinating.

Can Stablecoins Save the Dollar? Why Gold Is the Real Winner –

Mike Maloney & Alan Hibbard:  7-1-2025

Is the US dollar doomed?

In this explosive episode of The GoldSilver Show, Mike Maloney and Alan Hibbard dive deep into the global de-dollarization trend, central banks' rush into gold, and the real role of stablecoins in today’s economy.

Discover the startling truth behind Treasury-backed stablecoin narratives, why central banks are dumping dollars, and how the Genius Act is being used to prop up a shaky monetary system.

Is crypto helping or hurting the dollar? Can stablecoins really save a dying fiat system?

 Backed by revealing charts and hard-hitting analysis, this is a must-watch for anyone concerned about the future of money, inflation, and financial sovereignty.

https://www.youtube.com/watch?v=80zqegfoXwA

Iraq Economic News and Points To Ponder Tuesday Afternoon 7-1-25

Central Bank Of Iraq: Foreign Exchange Reserves Sufficient To Cover 13 Months Of Imports
 
Money and Business  The Central Bank revealed on Wednesday that  Iraq's foreign currency reserves are sufficient to cover 13 months of imports.  The bank said in a report that "import coverage is often viewed as a measure of the number of months that imports could be sustained if all foreign currency inflows were to cease," noting that  "the global standard used is for reserves to cover all imports for six months."

He added,  "The ratio of foreign reserves to imports has  decreased from 16 months at the beginning of 2024   to 13 months at the beginning of 2025," indicating that"despite the decrease in the ratio, Iraq's reserves will still cover imports for 13 months if Iraq does not receive foreign currency revenues."
 
views 1537     Added 06/25/2025 - 3:59 PM   https://economy-news.net/content.php?id=56631

A Loophole: Iraq's Dollar Is Being Drained By Inflated Import Invoices From Three Countries.
 
Energy and Business  2025-06-30 05:37  Shafaq News – Baghdad  The head of the Iraq Future Foundation, Manar al-Obaidi,   revealed on Monday that there is an inflated invoice for importing goods to the Iraqi market from countries such as  China,  Turkey, and the  UAE.
 
This is a drain on the dollar by exploiting the difference between the
     official exchange rate and the
     parallel market. He emphasized the
 
need to reform the transfer and import mechanisms.
 
Al-Obaidi said in a statement received by Shafaq News Agency,
 
"When reviewing the export data of a number of countries to Iraq, such as China, Turkey, and the UAE,
 
it becomes clear that there is a clear discrepancy in the values ​​of some exported goods,
as these values ​​do not correspond to the actual prices of the goods,
 
and the quantities exported often far exceed the actual needs of the Iraqi market."  He continued:
 
"For example, the
 
     value of Iraq's imports of Chinese shoes during the first five months of this year amounted to approximately $170 million,
 
     while clothing imports amounted to approximately $600 million during the same period."

He explained that "these figures do not reflect either the   true volume of demand in Iraq or the  global prices of these goods,which strongly suggests that there are inflated invoices,   both in terms of quantity and value." 

He pointed out that  "some parties exploited the difference in the official exchange rate versus the parallel market  to conduct large-scale transfers by inflating import invoices,
 
allowing them to bypass all levels of scrutiny originally put in place to  control transfers and
     ensure they reach the legitimate recipients."  Al-Obaidi explained that,
 
"Despite the stringent measures taken by the Central Bank of Iraq,  including expanded auditing,
the current mechanism has proven in practice to be unsuccessful.
 
This is evident not only in countries' export data, but also in the decline in customs revenues,
which remain very modest compared to the volume of goods declared as imported." 

He explained that  "it is necessary to adopt a new mechanism aimed at reducing currency leakage
 
     by linking bank transfers directly to the customs duty collection process, and  not allowing transfers at the official rate until the  customs duties due based on the value of the transfer have been paid."  He emphasized that "this approach will achieve two main goals:
 
     strengthening oversight of transfers conducted at the official rate, and
     increasing the state's customs revenues by pricing goods in line with their true value."  He pointed out that  "this proposal may raise some reservations,
 
particularly from the
     perspective of fears of a rise in the exchange rate in the parallel market as a result of tightening transfers, and the
     view that such measures fall within the purview of fiscal policy, not monetary policy." 

 He stated that, "Despite the validity of these reservations, the  significant foreign currency outflow and
     declining reserves Iraq is currently experiencing as a result of uncontrolled import expansion
require exceptional measures, even if they have side effects."   

He pointed out that "economic policies, by their very nature, do not produce purely positive effects, but 
success lies in achieving balance and outweighing the benefits over the harms.

 Therefore, reforming the transfer and import mechanism is no longer an option,  but rather an urgent necessity to
     ensure economic stability and protect Iraq's foreign currency reserves."    
  
https://shafaq.com/ar/اقتصـاد/ثغرة-دولار-العراق-ي-ستنزف-عبر-تضخيم-فواتير-الاستيراد-من-3-دول 

The Integrity Commission Announces Iraq's Accession To The "Beijing Initiative To Build A Clean Silk Road."
 
Money and Business  Economy News – Baghdad  The Integrity Commission announced on Tuesday that
Iraq has joined Beijing's Clean Silk Road Initiative.  The Authority stated, in a statement received by "Al-Eqtisad News", that  "Iraq has joined the "Beijing Clean Silk Road Initiative", indicating that
 
"this comes in implementation of the text of Article (3/6) of the Memorandum of Understanding concluded between the Authority and the National Supervisory Commission in the People's Republic of China."  She added that
 
"the cooperation and coordination between the Commission and the Embassy of the People's Republic of China in Baghdad culminated in joining the initiative after completing the procedures," explaining that
 
"this will contribute to strengthening international relations and highlight the Commission's efforts, endeavors, activities, and achievements in the field of combating corruption."  She noted that
 
"the National Supervisory Commission of the People's Republic of China affirmed its readiness to enhance cooperation and joint work with the Authority in the field of anti-corruption and law enforcement, to build a clean Silk Road."  She noted the committee's welcome and announcement that
 
"Iraq has become the eighteenth country to join the initiative,
which aims to
     enhance transparency, financial and intellectual cooperation,
     develop governance and laws, and
     enhance oversight and legal awareness, in addition to
     establishing a closer network for cooperation in the field of justice and law enforcement,
     exchanging expertise and information,
     developing human resources,
     pursuing fugitives, and
     rejecting safe havens for fugitives and illicit assets."  She continued,
 
"The initiative calls for the  signing of bilateral treaties on extradition and mutual legal assistance, based on international agreements, and the   exchange of information and expertise between relevant anti-corruption agencies. It also calls for  launching highly effective cooperation in the field of combating corruption, enhancing self-discipline, legal awareness, and a sense of responsibility, and  establishing laws to combat corruption and combat bribery, with the aim of creating a sound relationship between governments and companies."  views 1647   https://economy-news.net/content.php?id=56569

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-1-25

Good Afternoon Dinar Recaps,

BRICS To Discuss Rare Earth Supply & Exports at 2025 Summit

The BRICS alliance will place rare earth elements (REEs) front and center at its upcoming 17th summit, scheduled for July 6–7, 2025, in Rio de Janeiro, Brazil. For the first time, the 10-member bloc will be joined by 14 partner countries to engage in a pivotal dialogue on the future of global trade, currency settlements, and strategic resource management.

China Controls the Global REE Chain

BRICS member China currently dominates the rare earth sector, controlling:

• 70% of the global REE supply, and

• 90% of the world’s refining and processing capacity.

In a bold move this year, China imposed export curbs on rare earth magnets on April 4, 2025, in direct response to U.S. tariffs imposed under President Trump.

The freeze on global supplies has significantly tightened REE markets, sparking growing international demand — and positioning China as the most influential voice heading into the BRICS summit.

Strategic Talks to Rewrite Rare Earth Trade Framework

Brazil’s BRICS Ambassador Kenneth Nobrega confirmed the summit will include REE discussions, led by China. He emphasized:

“You have to be mindful that BRICS countries together contribute a huge chunk to the world’s REEs. This has to be discussed because this is a result of trade tensions not created by BRICS countries.”

While formal negotiations have not yet begun, the talks signal BRICS’ growing strategic influence over critical global supply chains, particularly as the alliance expands its coordination across trade, energy, and currency systems.

U.S. Faces Strategic Setback Amid Trade Wars

With BRICS already controlling 42% of the world’s oil and gas, the bloc’s influence over 70% of rare earth exports underscores a major geopolitical shift. China’s expected leadership at the summit aims to empower member nations to trade REEs without relying on U.S.-centric systems — potentially deepening the global divide over trade norms.

The United States, already impacted by export freezes and retaliatory tariffs, now risks falling behind in the rare earth supply race — a sector crucial for defense, electronics, EVs, and renewable energy.

As tensions rise, the Rio summit could redefine the global power balance over the minerals that power the modern world.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

BRICS SUMMIT 2025 Launches Plans to Redraw Global Power

BRICS SUMMIT 2025 Launches Plans to Redraw Global Power

Taylor Kenny:  7-1-2025

At the 2025 BRICS summit, a post-dollar system is being quietly constructed—one where gold, not the Fed, sits at the center.

 If you're holding U.S. assets, this isn't background noise.

 It’s a global reset in motion.

CHAPTERS:

0:00 BRICS

1:36 17th Annual BRICS Summit

2:55 BRICS Expansion

3:25 New World Order

 6:10 De-Dollarization

8:09 Dollar Collapse

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