Monday Coffee with MarkZ. 07/14/2025

Monday Coffee with MarkZ. 07/14/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning Mark, Mods, and Dinarians!!

Member: Welcome to Monday and a new week.

Member: any bond news this morning Mark?

MZ: No updates yet…but the expectations were to see wiring of funds starting today after ISO 20022 kicked in this weekend.

Member: Well today is supposed to be a big day in the banking world with Iso 20022…. Hope something good happens.

MZ: I was told from connected folks sitting out west that the platform has been set , they are testing this morning …and they have great hopes of moving forward. That’s what I heard from some group leaders.

Member: it's definitely a slow process. Mark's bondholders have been saying it's close for 2 yrs. can't imagine thinking you're close for that long.

MZ: We do know they upgraded banks all over the world – including the US. Regional banks, local banks and many government institutions were upgraded over the weekend…I think we may have a lot to watch today.

MZ: Hoping for updates from bonds, banks and groups over the next few days.

Member: Frank said his bank contact Aki was testing the ISO 20022 system in his Detroit banks over the weekend..

MZ: There were a lot of bank personnel that worked over the weekend. . The redemption centere/wealth management folks I know did now work.

MZ: In Iraq :  “Baghdad to host a high level Kurdish meeting tonight to discuss the region’s salary file” That was last night. We know they brought in all the heavy hitters….but what we don’t know is “what were the results”  They are hopeful for this week.

MZ: “Parliamentary Oil: Iraq is subject to sanctions that may cripple its economy due to the smuggling of Kurdistan” Baghdad is pointing out that many of the threats of sanctions is coming because of smuggling in the northern regions. It could shut down all of Iraq if Kurdistan does not start playing along.  There is a lot of pressure on the Kurdish region.

MZ: “House of Representatives resumes its sessions with crucial decisions and important laws”  they are finally back to work. We expect to see a lot of decisions out of Iraq over the next few days.

Member: Silver at $39.08

Member: Mark…I heard silver is forcast to go over $50 this week!!!

Member: Recaps has an article from Andy about 70 million oz of silver being called in

MZ: We know its coming.

Member: The Florida and Texas currency exchange sent me a text to see if I want to sell them back my IQD.

Member: I wonder- How will we really know when the revaluation is happening...esp since we dont even know who is pulling the trigger...

Member: Christmas in July would be nice this year

Member:  I haven't said enough .I thank all that make this podcast possible .. I sure think we are so blessed to be able to be together for this wonderful blessing ...

Member: Hope everyone has a wonderful day….See you in the AM.

MZ: No podcast tonight unless I get big news throughout today.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=7CoqRxDyKE0

News, Rumors and Opinions Monday 7-14-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 14 July 2025

Compiled Mon. 14 July 2025 12:01 am EST by Judy Byington

Judy Disclaimer: Please be aware that I report the news as I find it, try to credit articles with their original author and am not responsible for content. Information in the posts or articles from Social Media Sites that I quote may or may not be true. I report this information for educational or entertainment purposes only and not as fact.

I encourage you to do your own research and make up your own mind as to what is happening in this great War of Good Against Evil.

Judy Note: The World (allegedly) won it’s freedom from the DSC’s control over debt and our Global Financial System with release of the Global Currency Reset to gold-asset/backed currencies of 209 nations (allegedly) on Sun. 6 July 2025.

On Sun. 6 July 2025 The Quantum Financial System (QFS) was (allegedly) now online, signaling the dawn of a sovereign, debt-free world.

On Mon. 7 July the U.S. Treasury and Department of Defense (allegedly) green-lit the Global Currency Reset final payouts.

On Fri. 11 July at 7:00 pm ET the old Fedwire® FAIM wire format ended permanently.

On Sun. 13 July night at 9:00 PM ET the ISO® 20022 standard(allegedly)  went live. Any financial messages not compliant will be rejected, as new digital rails take over with precision-timed data flows.

On Mon. 14 July at 8:33 PM ET (Tues. 15 July 2025 at 03:33 UTC Universal Time), Operation Chrysalis (allegedly) launches. Later that night, the global currency values quietly recalibrate —(allegedly)  marking the final reset.

On Tues. 15 July, the Emergency Broadcast System(allegedly)  locks in. All frequencies shift from 60Hz to 432Hz, signaling activation.

Read full post here:  https://dinarchronicles.com/2025/07/14/restored-republic-via-a-gcr-update-as-of-july-14-2025/

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

Walkingstick [Iraqi bank friend Aki update]  Iraq has been working on the ISO for about two/three weeks now.  They're telling us it is about to be implemented...on the 14th...Aki was told to go back [to his bank in Dearborn Michigan].  He was waiting for the new exchange rate.  They told him don't move...We believe Aki is now working on the ISO that is about to be released.  Aki is the man in Michigan.  It's his bank.  He will test this ISO platform...ISO deals with many things like federal wires to speed up the transactions of International exchanges, any type of wiring.  This is now moving much faster in a safer protected way.  It is scheduled to be implemented on July 14. 

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:The televisions are now talking about Iraq has more than a thousand tons of gold...  FRANK:  I have said this before!  Remember when every time they would tell us they had 50 tons of gold, 100 tons tons...170 tons of gold and what was it I keep telling you guys?  Hey, they're not telling you the truth and they will never tell you the true amount of gold they have to back up your currency.  It's almost immeasurable.  Today they tell you they have over 1,000 tons of gold to back up their new currency.  Guess what?  Even that's not true...1,000 is still nowhere near what you guys have.

FRANK26….7-13-25…..ALOHA…..SYRIA DENIES

https://www.youtube.com/watch?v=oe49m4YI35c

The FALL of Germany - MASSIVE Economic COLLAPSE Explained

Lena Petrova:  7-13-2025

Germany, long celebrated as the economic powerhouse of Europe, is currently grappling with a severe period of stagnation and structural decline.

 Once the undisputed engine of the European Union, its economic health is rapidly deteriorating, raising alarms across the continent and beyond. The nation’s Gross Domestic Product (GDP) growth has slowed dramatically, with a forecast of just 0.7% growth in 2025—projected to be the slowest in the entire European Union.

Since 2017, Germany’s economy has expanded by a meager 1.6%, a stark and worrying contrast to the EU average of 9.5% over the same period.

https://www.youtube.com/watch?v=MNq-SKvEeb0

Seeds of Wisdom RV and Economic Updates Monday Morning 7-14-25

Crypto Week Is Here — What Does It Mean for Stablecoin Regulation?
July 14–18: A Legislative Turning Point for U.S. Digital Assets

The U.S. House will vote from July 14 to 18 on three major crypto bills
The GENIUS stablecoin bill is expected to reach President Trump’s desk by July 18 with bipartisan support
New regulations promise clarity for crypto—but Moody’s questions widespread adoption

The U.S. House of Representatives is preparing to vote on three major pieces of legislation next week that could define the future of digital asset regulation in the United States.

While it may be early to declare victory, all indications suggest that a stablecoin measure could be signed into law by August—a long-standing goal of the Trump administration since February.

Crypto companies have long sought clear regulatory guidance that supports innovation. After years of opposing unfavorable proposals and investing millions into pro-crypto lobbying efforts, the industry may finally see those investments pay off.

Crypto Week: July 14–18

Lawmakers have designated the week of July 14 as “Crypto Week,” with a focus on three high-profile bills:

1. The Digital Asset Market Clarity Act of 2025 (Clarity Act)

2. The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins)

3. The Anti-CBDC Surveillance Act

Initially expected to be bundled together, the GENIUS and Clarity Acts will now receive separate votes. The House Rules Committee is scheduled to review each bill on Monday at 4:00 p.m. ET, with strong bipartisan passage likely.

• The Clarity Act outlines regulatory responsibilities for the SEC and CFTC. It passed the House Agriculture Committee by a 47–6 vote and the Financial Services Committee by 32–19, indicating strong momentum.

• The GENIUS Act would establish the first comprehensive federal framework for stablecoins. Already approved by the Senate, its passage in the House would send it directly to President Trump, likely by Friday, July 18, or the following Monday.

• The Anti-CBDC Act seeks to ban the issuance of a U.S. central bank digital currency. A similar version cleared the House in 2024.

Implications for Stablecoins

If these bills become law, it would mark a significant shift in how stablecoins are treated under U.S. financial law. However, regulatory implementation could take time, as detailed rules would need to be developed and adopted by both agencies and businesses.

A recent Moody’s Ratings report noted that while the GENIUS Act could impact the banking system, stablecoins must offer real advantages over current payment systems to achieve widespread use. The report also cautioned that, without strong issuer incentives, adoption may remain limited.

Democratic Concerns: Conflicts of Interest

Not all lawmakers are aligned. Representatives Maxine Waters and Stephen Lynch have raised concerns over potential conflicts of interest tied to President Trump’s personal involvement in crypto.

Waters stated:

“These bills serve as a brazen stamp of approval for the blatant abuse of power we’re witnessing in real time.”

As Crypto Week approaches, ***the next phase of U.S. crypto regulation may be decided in just days—***with stablecoins at the center of it all.

@ Newshounds News™
Source: Cryptopolitan

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ISO 20022 Crypto List: XRP, ADA, and Stellar Ready for Fedwire Shift
Fedwire Adopts ISO 20022 Standard as Blockchain-Based Finance Enters the Mainstream

Fedwire adopts ISO 20022 on July 14, 2025
XRP, Cardano, and Stellar positioned to benefit
Could this be a trigger for a new wave of crypto adoption and price surges?

The U.S. Federal Reserve’s Fedwire system—responsible for trillions in real-time interbank settlements—will go live with the ISO 20022 messaging standard on July 14, 2025. This landmark upgrade sets the stage for a major transformation in global finance, with compliant cryptocurrencies like XRP, Cardano (ADA), and Stellar (XLM) poised to take center stage.

What Is ISO 20022—and Why Does It Matter for Crypto?

ISO 20022 is a new global standard for financial messaging that enables richer data, faster settlement, enhanced security, and better regulatory compliance. Already being adopted by major central banks and institutions worldwide, ISO 20022 forms the backbone of the next-gen financial infrastructure.

For crypto, this means that networks already aligned with the ISO standard may gain a first-mover advantage—especially as traditional financial players seek programmable and compliant blockchain settlement rails.

ISO 20022-Compliant Crypto Projects

CryptoPrimary Use CaseISO 20022 Ready?XRPCross-border banking, liquidity YesStellar (XLM)Stablecoin & fintech infrastructure YesCardano (ADA)Decentralized apps, scalability YesAlgorand (ALGO)Enterprise adoption, low fees YesQuant (QNT)Blockchain interoperability YesHedera (HBAR)Enterprise-grade DLT, speed Yes

XRP and Fedwire: A Natural Fit?

XRP has long been recognized for enabling near-instant cross-border payments. With Fedwire now ISO 20022 compliant, Ripple’s On-Demand Liquidity (ODL) platform becomes even more relevant.

Recent data suggests growing institutional interest:

• Spike in XRP wallet creation

• Increasing on-chain transaction volume

• Large financial institutions prepping for blockchain settlement trials

Should U.S. banks eventually explore XRP for Fedwire-compatible settlement, the impact on adoption and price could be dramatic.

Cardano (ADA) in the ISO 20022 Spotlight

Crypto analyst Dan Gambardello has flagged ADA as one of the few fully compliant blockchains under ISO 20022. With Hydra and Mithril scalability upgrades underway, and a new ADA/USD1 stable trading pair launching on Bitrue, liquidity and demand are rising.

According to market analysts:

• Ali Martinez forecasts a rally toward $0.90–$1.20

• Price action suggests a bullish breakout supported by increasing volume

Stellar, Algorand, Quant, and Hedera: Gaining Momentum

• Stellar (XLM): Low-fee payments and stablecoin issuance on a fintech-friendly chain

• Algorand (ALGO): Institutional-grade performance and CBDC trials with multiple central banks

• Quant (QNT): Bridges legacy banking systems with blockchain interoperability

• Hedera (HBAR): High-speed, secure enterprise network backed by Fortune 500 firms

What’s Next? Blockchain Meets Fedwire

With ISO 20022 officially live on Fedwire, the door is open for compliant crypto platforms to begin integrating into the heart of the global financial system.

Analysts predict:

• Accelerated institutional adoption of ISO-aligned cryptos

• Bank trials exploring blockchain settlement layers

• A new era of crypto-powered payments

Conclusion

The adoption of ISO 20022 by Fedwire is more than a messaging upgrade—it’s a structural shift toward a blockchain-integrated financial future. Projects like XRP, Cardano, and Stellar are not only compliant, they’re strategically positioned to benefit from this transformation.

If XRP or similar assets find their way into actual Fedwire settlement flows, the result could be explosive—both in usage and in price.

@ Newshounds News™
Source: Coinpedia

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Asia’s Tokenization Boom Is Shifting Capital Away from the West
Japan, Hong Kong, and Dubai are driving real-world asset innovation with regulatory clarity and global investor appeal

Asia leads the tokenization race with proactive regulation
Japan, Hong Kong, and Dubai are drawing institutional capital
Tokenized bonds, ETFs, and real estate offerings are gaining momentum

Asia’s leadership in real-world asset (RWA) tokenization is redrawing the global financial map, as regulatory clarity across Japan, Hong Kong, and Dubai pulls capital away from the West, according to Maarten Henskens, Head of Protocol Growth at Startale Group.

“We’re seeing Western institutions set up Asia-Pacific operations not just to follow capital, but to participate in innovation,” Henskens told Cointelegraph. He highlighted that the region’s diverse yet complementary regulatory approaches are creating fertile ground for global investment and experimentation.

Japan: Regulatory Depth Builds Institutional Trust

Japan’s tokenization strategy is marked by careful and deliberate development, prioritizing institutional stability. Henskens pointed to MUFG’s security token infrastructure as a clear sign of how the ecosystem is maturing.

Under Japan’s Payment Services Act (PSA), stablecoins can hold up to 50% of reserves in low-risk government bonds and term deposits, balancing innovation with investor protection.

Hong Kong: Regulatory Agility Enables Fast Innovation

While Japan builds deep infrastructure, Hong Kong has launched the Ensemble Sandbox, a regulatory innovation hub designed to accelerate experimentation in digital assets.

“Japan is building long-term depth, while Hong Kong is showing how agility can bring experimentation to life,” said Henskens, suggesting the region offers both stability and speed—key ingredients for global investor confidence.

Tokenized Bonds and ETFs Fuel RWA Growth

Across Asia, the surge in tokenized bonds and exchange-traded funds (ETFs) is helping traditional investors access crypto-linked opportunities. In Japan, real estate security tokens are opening up previously exclusive markets to retail buyers, outperforming even traditional J-REITs in accessibility.

Tokenization is also simplifying fund administration and improving transparency. “This efficiency, paired with improved transparency, could make these products compelling to traditional investors who might not otherwise enter the crypto space,” Henskens noted.

He emphasized that cross-border interoperability will be the next major leap forward. “Seamless and compliant movement of tokenized assets across jurisdictions is essential for scaling adoption,” he said.

Dubai: A New Epicenter for Tokenized Real Estate

Dubai is fast emerging as another key Asian player in the tokenization landscape. The Virtual Asset Regulatory Authority (VARA) recently updated its frameworks to specifically support RWA tokenization.

According to attorney Irina Heaver, these updates provide a clear regulatory path for launching and trading tokenized real estate. In collaboration with VARA and major developers, the Dubai Land Department recently sold two tokenized apartments, with the offering selling out in minutes. Buyers hailed from over 35 countries, and 70% were first-time real estate investors in Dubai.

A Regional Network Effect Is Underway

“We’re already seeing a network effect,” Henskens said. “Innovation in one jurisdiction sparks progress in another. Different regions may optimize for different outcomes—and that’s a strength, not a liability.”

By building legal and technological bridges across borders, Asia’s tokenization leaders are not only transforming regional finance, but also reshaping global capital flows.

@ Newshounds News™
Source: Cointelegraph

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Russia Begins Mega De-Dollarization Drive for BRICS

Russia has officially launched a mega de-dollarization drive aimed at helping the BRICS alliance move away from reliance on the Western financial system. In an interview with RT, Russian Finance Minister Anton Siluanov stated that the Kremlin could suspend transactions in the U.S. dollar at any moment.

Siluanov emphasized that Russia is actively working to make de-dollarization a central tenet of BRICS policy. He described the U.S. dollar as a “third-party currency” that should be avoided in cross-border trade and financial transactions.

Russia Pushes BRICS to Embrace National Currencies

Siluanov urged BRICS nations to conduct trade using their own national currencies, including the Russian ruble, Chinese yuan, Indian rupee, and South African rand. He argued that these currencies provide a viable alternative to the Western-dominated monetary system.

“Our BRICS de-dollarization drive would not involve Western financial infrastructure or settlement in currencies of those countries that imposed sanctions on Russia and would secure the New Development Bank from possible risks,” Siluanov stated.

The Minister added that Russia is prepared to suspend U.S. dollar trading as part of this initiative. He said Russian systems “have proven their reliability and independence from Western lending institutions that at any moment, as it turned out, can suspend payments.” Even if U.S. sanctions are lifted, Siluanov emphasized that the dollar would not return as the central reserve currency in Russia’s central bank.

Trade Deals Tied to De-Dollarization Commitment

Russia also plans to link new trade agreements within BRICS to the acceleration of de-dollarization. While China and Iran are expected to support the initiative, India, South Africa, and the UAE may hesitate due to their interest in maintaining U.S. dollar-denominated assets that bolster their GDPs and economic growth strategies.

This move underscores Russia’s ambition to solidify an independent financial architecture for BRICS and reduce systemic exposure to Western monetary influence.

@ Newshounds News™
Source: Watcher.Guru

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Thank you Dinar Recaps

Apple Will Pay Anything for This Crucial iPhone Metal

Apple Will Pay Anything for This Crucial iPhone Metal

Notes From the Field By James Hickman (Simon Black)  July 10, 2025

We’ve all heard the legend: there was a beautiful girl, kidnapped, a thousand ships launched, and the mightiest warriors of the ancient world descended upon the city of Troy to win her back.   Obviously this was all a myth. But Troy itself existed. And the Trojan War very likely happened as well. Though not over some pretty girl.

 Instead, the Trojan War likely started as a dispute over scarce resources— then quickly escalated to a full blow shooting (or stabbing/slashing) war.

 And the scarce resource in question? Tin.

 Back in the Bronze Age when the Trojan War was likely fought, tin was the technological linchpin of ancient civilization. Without it, there was no bronze— and thus, none of the era’s best weapons and tools.

 Copper was the other half of the chemical formula, i.e. tin + copper = bronze.

 The Greeks had plenty of copper mines. But the tin component was very scarce— and distant. It came all the way from Central Asia, hauled across the Black Sea, and through the narrow strait called the Dardanelles (modern day Turkey) into the Mediterranean.

And that was only if Troy— the city perched strategically at the mouth of the Dardanelles— allowed the ships to pass.

 This meant that whoever controlled Troy controlled the Greeks’ access to tin. So it’s easy to see why they probably fought a war over it.

 This type of resource competition is common throughout history. But it’s a lesson that has been forgotten over the past 80 years in which global trade has been open, cooperative, and free.

 Today that comity is rapidly deteriorating. Given the trade wars, regional shooting wars, and increasing global tensions, access to certain resources and real assets can no longer be taken for granted.

 Some of these are obvious; oil prices, for example, regularly gyrate based on the potential for supply disruptions. And despite the Left’s absurd fantasies about wind and solar, oil is going to remain critical to modern civilization for the foreseeable future.

 But with nuclear energy emerging as a clear solution to provide cheap, clean energy, uranium—whose production is highly concentrated across just a handful of countries— may become a new conflict point.

 Other resources are less obvious and take a little bit more digging to understand their importance in the global economy— and their scarcity.

 And that includes the forgotten ancient metal tin.

 Tin is the glue that holds the modern world together... almost literally.

 More than 50% of all tin demand today comes from solder, which is used to connect the billions of components on electronic circuit boards. Without solder, there are no smartphones, no electric vehicles, no AI computer chips, no cloud servers, no missile guidance systems.

 The more technology progresses, the more tin is needed; AI growth alone is expected to double tin demand between now and 2028.

 Yet tin is an incredibly small market. Only around $12.5 billion worth was produced last year. Given that the worldwide commodities trade is more than $6+ trillion per year, the tin market is less than a rounding error. It’s minuscule.

 This creates an odd situation. While tin is a critical part of the iPhone, for example, only a few cents worth goes into each unit. And this is typical across the electronics industry.

 So the price of tin could increase 5x or 10x, yet the impact on Apple’s bottom line would be negligible—maybe 50 cents more per phone.

 Apple would still pay for tin at 10x the price. So would every other tech manufacturer.

 In other words, if tin supply tightens, buyers won’t blink… but investors will make a fortune.

 And supply is tightening.

 Classic tin-producing regions have gone offline or become politically unstable.

 With supply tightening and demand rising, just one major Western producer is left to pick up the slack.

 Production has been kept artificially low for years as Cold War strategic stockpiles were drawn down. But those stockpiles are now depleted.

 There is also no substitute metal. And no feasible way to do without it.

Yet demand continues rising—steadily, predictably—year after year.

 A critical metal hiding in plain sight, where even a modest supply crunch could generate enormous returns.

 This compelling supply and demand dynamic is the focus of our latest issue of the 4th Pillar, our premium investment research service.

 The recent July issue— published just last week— features a profitable, growing tin producer in the developed world. The company is debt-free, cash-rich, and trading at just 2.2x earnings—an insane valuation for a company producing one of the world’s most critical tech metals.

 Tin is just one of many examples of the real assets that are absurdly undervalued, with extreme catalysts on the horizon.

 We’ve uncovered similar stories in platinum, oil, and even iron—where supply disruptions and political pressure have created massive mispricings… and massive upside.

 But some our most successful investments over the past year have come in the precious metals sector.

 While central banks have been buying metric tons of gold— driving the price to all time highs— they haven’t been buying gold producers. That’s left many of the world’s best gold and silver producers trading at absurdly cheap valuations.

 We’ve been writing about this for nearly two years, and the results speak for themselves:

• One of our top picks is up 153% in just three months.

• Another surged 146% in eleven months.

• Two more have gained 133% and 51% in a matter of months.

• Most others have delivered steady returns of 27–34%.

Only one has gone the other way—down 27%. But even that company is sitting on strong fundamentals and multiple catalysts— so we believe it’s just even more undervalued.

To your freedom,   James Hickman   Co-Founder, Schiff Sovereign LLC

TO READ MORE: https://www.schiffsovereign.com/trends/apple-will-pay-anything-for-this-crucial-iphone-metal-153131/?inf_contact_key=252456e361c67a6daa797b2e3bec7e2d884ed2f1f7951fdcd8e857139321e873

“Tidbits From TNT” Monday Morning 7-14-2025

TNT:

Tishwash:  An important meeting... Baghdad to resolve the salaries issue tonight

Kurdish media reported on Sunday that the capital, Baghdad, will host an important meeting tonight, attended by Kurdish ministers in the federal government and heads of parliamentary blocs, to discuss and resolve the issue of salaries in the Kurdistan Region.

These outlets quoted their sources as saying, "The meeting will be attended by Justice Minister Khaled Shawani, Foreign Minister Fuad Hussein, Reconstruction Minister Benkin Rikani, Deputy Speaker of the Iraqi Parliament Shakhwan Abdullah, and the head of the Kurdish blocs in parliament."

She added that "the anticipated meeting is being held to take urgent measures to resolve the region's employee salary crisis," stressing that "the Federal Court will hold a special session tomorrow for the same purpose."   link

Tishwash:  Customs discusses with ASYCUDA procedures for unifying the customs system between the central and regional authorities.

The General Authority of Customs discussed, on Sunday, with the ASYCUDA national team and a delegation from the Kurdistan Region of Iraq, the mechanisms for implementing Resolution 270, the application of the 2017 Harmonized System Code, the steps for institutional integration, and the unification of customs procedures between the center and the region.

The Authority indicated that the next phase will witness a direct link and immediate exchange of customs information between the two parties.

The authority said in a statement received by the Iraqi News Agency (INA): "The Director General of the General Authority of Customs, Thamer Qasim Daoud, chaired a joint meeting in Baghdad that included a delegation from the Kurdistan Region Customs, a representative of the Ministry of Interior in the region, and the national team of the ASYCUDA project, to discuss steps for institutional integration and unification of customs procedures between the center and the region."

The statement added, "The meeting discussed the mechanisms for implementing Cabinet Resolution No. (270) of 2024, which is a pivotal station in unifying customs policies, regulating the movement of trade exchange in a manner consistent with applicable laws and enhancing control over customs centers throughout the country."

He continued, "The attendees also discussed the implementation of the 2017 Harmonized System for Data Security (HS Code) at all customs centers, including the region's customs, to facilitate the unification and integration of data between the federally approved ASYCUDA system and the systems operating in the region."

The Director General of the General Authority of Customs confirmed, according to the statement, that "the next phase will witness a direct link and immediate exchange of customs information between the two parties, via a unified technical platform that will contribute to accelerating procedures, raising the level of transparency, and achieving fairness in the evaluation and valuation of goods."

He added, "This move comes as part of the government's program to address economic reform, combat corruption, and reduce the waste of public funds, by building an integrated digital system that ensures standardization, controls the movement of goods, and increases revenues across all customs centers."

He concluded, "During the meeting, it was agreed to form specialized technical teams from both sides to undertake technical coordination and work to overcome challenges, leading to the launch of a unified system across Iraq that supports economic sovereignty and enhances institutional confidence."  link

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Tishwash:  130 laws stalled in Parliament, including conscription, the Federal Court, and the salary scale

On Sunday, July 13, 2025, the Parliamentary Legal Committee revealed the number of laws stalled in the Iraqi Parliament. It indicated that the failure to pass these laws, which include the law on compulsory military service, the Federal Court, and the salary scale, is due to political disagreements.

Committee Chairman Mohammed Anouz told Al-Jabal Platform, "There are more than 130 suspended laws in the Iraqi parliament, some of which have been suspended since previous parliamentary sessions due to political disagreements. These disagreements have deepened during the current session, leading to the continued suspension of these laws, along with the significant and dangerous disruption of sessions and the parliament's oversight role."

 Anouz explained that "among the most prominent of these suspended laws are: the Oil and Gas Law, the Popular Mobilization Law, the Military Service Law, the National Oil Company Law, the Federal Civil Service Law, the Slums Law, the Federal Court Law, the Retirement Law, the amendment to the Salary Scale Law, and many others."

 Anouz ruled out "passing these laws during the current parliamentary session," citing "ongoing political disagreements over them."

 Yesterday, Saturday, the Iraqi Council of Representatives held its first parliamentary session of the final legislative term of the parliament, following the end of the two-month legislative recess.

 Today, the Iraqi Parliament announced its intention to hold a new session tomorrow, Monday, to discuss several draft laws, including a report and a proposal to amend the House of Representatives Law.

 The session is scheduled to be held at 1:00 PM tomorrow, Monday, according to a statement from the House of Representatives' media department.

 The department announced the agenda for the upcoming session, which it indicated will include: "Voting on the Chairman and members of the Federal Service Council, voting on the Chairman of the Council of State, voting on the proposed law amending the first law of the foundations of equivalence of Arab and foreign certificates and degrees No. 20 of 2020, Article 18, and voting on the draft law ratifying the agreement on the encouragement and mutual protection of investment between the government of the Republic of Iraq and the government of the Kingdom of Saudi Arabia, Article 2."

 The session will also include, according to the department: “Report and discussion of the second reading of the proposed law amending the first amendment to the Ministry of Education Law No. 22 of 2011, Article 5. Report and discussion (second reading) of the proposed law on environmental protection and improvement.

Report and discussion (second reading) of the draft law on the accession of the Republic of Iraq to the agreement signed on July 28, 1994 regarding the implementation of Part XI of the United Nations Convention on the Law of the Sea. In addition to the report and discussion (second reading) of the proposed amendment to the Law of the Council of Representatives and its formations No. 13 of 2018.”link

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Mot: . They Always Say -- Get Ur Ducks in a Row – but

Mot: Shopping With Wife

MilitiaMan and Crew: Iraq Dinar News-Understanding the Iraq Dinar & Economic

MilitiaMan and Crew:  Iraq Dinar News-Understanding the Iraq Dinar & Economic

8-13-2025

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

The data tonight that is being put out about Iraq is about understanding the events that have taken place for many years.

The focus has been most relevant over the last few years under Al-Sundani and his Ministerial Committee of Economics.

 Current events show this is not like 20 years ago we are talking about, though Iraq has been in the making for more than that. It is about current events. Take a view and enjoy. ~ MM&C

https://www.youtube.com/watch?v=AsOJJpGH4I8

Iraq Economic News And Points To Ponder Sunday Evening 7-13-25

Tax Bowl Restoration
 
Economic 2025/07/14   Abdul Zahra Muhammad Al-Hindawi  Ironically, globally, the  nations that pay the highest taxes are the ones that enjoy the most luxury living, and the  economies of those countries are the  most resilient and   least affected by the economic shocks that strike the world.  Among those countries, for example, are (Finland - Japan - Denmark - Netherlands - Sweden - Austria - Belgium...etc.), as those countries impose high taxes on their citizens, approaching the barrier of (60 percent).

What is striking is that you do not find any grumbling or discontent with the process of paying taxes.
 
Everyone is subject to the tax system, and there are no exceptions,  because they are ultimately reassured that what they take out of their pockets (taxes) returns to them as services in the field of health, education, social security, and other things.
 
This reduces the burden of the tax on people’s shoulders! And whoever evades paying taxes quickly finds himself behind bars.
 
This was almost the fate of Real Madrid coach Ancelotti, who faced a prison sentence of (4) years, due to hiding part of his income from the Spanish tax authorities.
 
In contrast, countries that  do not impose taxes (zero) or  impose them at low rates, with the exception of the State of Qatar, have a fragile economy, and  their people often suffer from a low level of services.
 
Iraq is among the countries that impose a low tax rate,   with an income tax rate of 15 percent. 
Our tax system faces many challenges and problems, which have resulted in its ineffectiveness.
 
Despite the existence of Income Tax Law No. (113) of 1982 and its amendments,
which is considered one of the best laws,
 
Iraq is considered one of the countries that suffers from  tax evasion, or rather, fraud against the tax authorities.  Some of this fraud may be with the knowledge of some of those authorities.
 
Therefore, we find that the amount of tax revenues achieved is still low,compared to the  size of the huge monetary mass circulating in market and commercial transactions, as well as with the expansion of the size of economic activities and the growth of investment companies in all fields, in addition to recording a clear improvement in the level of per capita income, in light of what  the street is witnessing of the large number of cars, buildings and investments.
 
This is in contrast to the fact that the state is still spending huge sums of money on
     consumer services, such as electricity, health, education and infrastructure,
 
in light of the great difficulties facing the general budget, as a result of the limited revenues,
which oil still leads by a far margin over other economic activities.
 
Therefore, it is necessary to restore the tax base by reconsidering the mechanisms of this system. 
We must promote a culture of paying taxes as a duty that must be fulfilled.

Otherwise, penalties await those who evade or refuse to pay, and   their fate will be similar to that of Ancelotti.    https://alsabaah.iq/117356-.html 

The Value Of Gold In Iraq's Precious Metal Reserves Has Increased.

Economy |  07/13/2025  Mawazine News - Baghdad -  The Central Bank of Iraq revealed on Sunday an increase in the value of gold in Iraq's foreign currency reserves.

The bank said in an official statistic that the value of gold in Iraq's foreign currency reserves amounted to 22.492 trillion dinars by April, a 5.62% increase compared to March, when the value of gold amounted to 21.228 trillion dinars.

It added that the value of gold also increased by 17.72% compared to December 2024, which amounted to 17.834 trillion dinars, an increase compared to December 2023, when the value of gold amounted to 12.293 trillion dinars.

It is noteworthy that the Central Bank had previously revealed that Iraq's foreign currency reserves at the end of April amounted to 98.089 billion dollars, equivalent to 127.516 trillion dinars. https://www.mawazin.net/Details.aspx?jimare=263754

Dollar Prices Remain Stable In Baghdad

Economy | 05:59 - 07/13/2025  Mawazine News - Baghdad -  The dollar exchange rate against the dinar witnessed a noticeable continuation this evening, Sunday, with the closure of the two main stock exchanges.
Selling was 142,000 dinars for every $100.  Buying was 140,000 dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=263766

Governmental move to develop electronic payment systems and financial inclusion

July 12, 2025  Iraq intends to enhance its readiness in the field of digital economy technologies.
Baghdad - Al-Zaman  The government is moving towards developing electronic payment systems and financial inclusion in Iraq, through the implementation of several decisions to promote electronic payments.

A government source said in a statement yesterday that, “Since the government assumed its duties more than two and a half years ago, the importance of establishing a strong and effective banking system and increasing financial inclusion has become clear to it.”

Pointing out that "this goal is among its main priorities, as it is one of the main goals in the strategies of countries around the world, given its close connection to the stability and growth of the economy," he said.

Digital Transformation

The source explained that "the government has taken a package of decisions and measures through the Council of Ministers and the Ministerial Council for the Economy, in addition to the committees emanating from them, which include representatives from the government, the Central Bank, and the private sector, to follow up on this matter."

He added that these committees included monitoring the performance of electronic payment, stimulating electronic payment and financial inclusion, digital transformation, and evaluating digital transformation and electronic payment processes in ministries and government institutions.

The digital transformation rate for ministries and local institutions rose to approximately 32 percent, up from less than 18 percent in 2022, representing a growth rate of 78 percent.

A specialized source stated in a statement followed by (Al-Zaman) that (the number of bank accounts reached about 20 million accounts, compared to 8 million accounts in 2022, with a growth rate exceeding 150 percent, and the number of bank cards also rose to 21-22 million cards of all types, credit, debit and prepaid, after it was 16 million cards in the same year, giving a growth rate of 38 percent).

Indicating that the number of point-of-sale devices reached about 62,000 devices, after it was less than 10,000 devices in 2022, with a growth of up to 520 percent.

The number of ATMs reached approximately 7,531, up from 2,223 in the same year, with a growth rate of 239 percent.

The source continued, "Total electronic payments reached approximately 1.37 trillion dinars per month during the current year, while they were less than 90 billion at the end of 2022, with a growth rate of 1,400 percent."

Data indicates that "the financial inclusion rate in Iraq has reached approximately 40 percent, up from less than 10 percent in 2019." Prime Minister Mohammed Shia al-Sudani recently issued a package of future decisions related to a number of important projects in the field of electronic payments, stressing the need to complete them as soon as possible.

The source stated yesterday that (the projects include activating the local card, which is expected to be completed by the end of this year, activating rapid payment, operating the unified electronic collection application, localizing private sector salaries, and establishing a unified center for complaints related to electronic payment transactions at the National Data Center).

The source explained that (the implementation of these projects contributes to moving Iraq to a new stage among the developed countries in this field).

In a related context, Iraq achieved a new digital achievement by advancing in the Information and Communications Technology Development Index (ICT) for the current year, recording 78.4 points compared to 73.9 points last year, according to the annual report of the International Telecommunication Union.

This remarkable progress reflects the efforts of the Ministry of Communications in developing the digital infrastructure and improving the quality of internet services provided to citizens, as part of Iraq's efforts to enhance its digital readiness and keep pace with the global digital transformation path.

Noticeable Improvement

A statement received by Al-Zaman yesterday stated, “This achievement confirms Iraq’s determination to keep pace with the global digital transformation path, which constitutes a pioneering model towards strengthening its position in digital economy technologies, in a way that serves to support innovation and sustainable development.”

 It pointed out that “the ministry is proceeding at a rapid pace, which reflects the noticeable improvement in its digital readiness.

” The statement added, “This advancement is the result of the ongoing efforts under the supervision of the Minister of Communications, Hiyam Al-Yasiri, which focused on the importance of developing the digital infrastructure, expanding access to internet services, and improving the quality of services in the field of communications and technology.”

The IDDI index is one of the most prominent international indicators globally adopted to measure the extent of development of the communications and information technology sector, as it relies on indicators of the level of digital use and skills.   LINK

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

This One COMEX Delivery Just Failed—The Entire Paper Silver Market Is Dying Tonight | Andy Schectman

This One COMEX Delivery Just Failed—The Entire Paper Silver Market Is Dying Tonight | Andy Schectman

Two Dollars Investing:  7-13-2025

A COMEX silver delivery just triggered one of the most shocking breakdowns in the paper market’s history. Andy Schectman reveals how 74 million ounces of silver were stood for delivery—nearly all at once—causing a 10% collapse in open interest overnight.

This wasn’t a rollover… this was physical metal being demanded, and fast. Now COMEX is in uncharted territory, with real silver rapidly draining out and major bullion banks exposed.

The game of paper promises is falling apart—and if this continues, the entire silver price suppression system could implode.

https://www.youtube.com/watch?v=Q5X0yKYDMHQ

Monetary Reset is Underway and Gold is the Only Solution

Monetary Reset is Underway and Gold is the Only Solution

VRIC Media:   7-12-2025

In an era of unprecedented global change, whispers of a “monetary reset” are growing louder, prompting crucial conversations about the future of our financial systems and individual liberties.

A recent discussion on VRIC Media, featuring host Jesse and insightful economic journalist Taylor Kenney from ITM Trading, delved deep into this transformative period.

 Their conversation painted a compelling, and at times concerning, picture of a world rapidly moving towards a cashless society, and the profound implications this holds for personal freedom and financial privacy.

Crucially, they underscored the irreplaceable role of physical gold as the ultimate safeguard.

The journey towards a cashless society, often presented as a path to convenience and efficiency, represents a fundamental restructuring of our financial lives.

 Kenney highlighted how this shift extends far beyond simply tapping a card; it is inextricably linked to the rise of Central Bank Digital Currencies (CBDCs). These government-backed digital tokens, unlike cash, leave an indelible digital footprint, opening avenues for unprecedented oversight.

This meticulous tracking, while touted for combating illicit activities, raises significant red flags regarding individual liberty. In a fully cashless system, every transaction becomes visible, every spending habit traceable.

The experts stressed that this isn’t just about privacy; it’s about control. Imagine a scenario where authorities could monitor, or even restrict, specific purchases based on criteria they define. The potential for financial surveillance to evolve into a tool for social or political control becomes a chilling reality, subtly eroding the very foundations of personal autonomy.

Amidst these concerns, the conversation pivoted to the enduring power of physical gold. Taylor Kenney unequivocally positioned gold as the paramount solution. Unlike digital currencies or fiat money that can be created with a click and monitored with ease, gold is a tangible, finite asset that exists outside the digital grid and the direct control of central banks.

It cannot be printed into oblivion, surveilled with a click, or devalued by government policy. It represents true wealth preservation, a centuries-old store of value that has weathered countless economic storms and political upheavals.

For those seeking to protect their financial autonomy and ensure genuine privacy in an increasingly transparent world, physical gold stands as an unassailable bastion.

The “monetary reset” is not a distant theory; it’s an ongoing process that demands our attention. The insights shared by Jesse and Taylor Kenney serve as a stark reminder of the evolving financial landscape and the urgent need to understand its ramifications.

As societies inch closer to a cashless reality, the arguments for holding physical gold become not just compelling, but essential. It is, as the experts suggest, the only reliable solution for safeguarding personal freedom and financial future against the tides of change.

https://youtu.be/tDO1OFpjN_Y

Iraq Economic News And Points To Ponder Sunday Afternoon 7-13-25

Financial Expert: The Dollar's Stability Depends On Calm Abroad And The US Federal Reserve

Time: 2025/07/13 Reading: 315 times   {Economic: Al Furat News} Financial expert Salah Nouri confirmed that the stability of the dollar exchange rate in the local market depends largely on the policies of the Central Bank of Iraq.  Nouri told Furat News that "the internal economic situation is moving in a direction that provides a kind of balance in the exchange market, thanks to the measures of the Central Bank."

However, he pointed out that "external factors such as developments in the security situation in the region and the policies of the US Federal Reserve (the US central bank) still cast a shadow over market activity and could lead to potential changes towards an increase in the exchange rate in the future."

Nouri explained that "any external escalation or sudden change in global monetary policies could quickly be reflected in the financial markets in Iraq."

The selling price in exchange shops in the local markets in Baghdad reached 142,000 dinars for $100, while the buying price reached 140,000 dinars for $100.

In Erbil, the selling price reached 140,850 dinars for $100, and the buying price was 140,750 dinars for $100.  LINK

The Iraqi Chamber Of Commerce Wins The Best Committees Award In The World 

July 13, 2025   Baghdad - Ibtihal Al-Arabi  The International Chamber of Commerce (ICC) has awarded the Iraqi Chamber of Commerce the award for the best performing national committees worldwide.

The Federation of Iraqi Chambers of Commerce (FICC) stated in a statement yesterday that, "In a qualitative achievement, the ICC has honored the Iraqi Chamber of Commerce with an award given to the best performing national committees worldwide," noting that "this honor comes as a result of the efficient and effective implementation of the annual plan for 2024-2025, reflecting Iraq's commitment to strengthening its international position on the global trade map."

International Trade

He added, "On the sidelines of the annual week, the first anniversary of Iraq's official accession to the International Chamber of Commerce was celebrated, an important step towards building strategic partnerships and enhancing the business environment in Iraq."

The International Chamber of Commerce (ICC) was founded in 1919 in Paris, and Iraq obtained full membership in 2024.

It is noteworthy that Iraq - the Iraqi National Committee of the International Chamber of Commerce - participated in the annual week of the International Chamber of Commerce in Paris, from June 17 to 20, which was attended by more than 60 countries from various national committees from around the world.

The annual week included several activities, including the World Trade Policy Conference, the World National Committees Strategies Day, specialized workshops on arbitration and the Agri-Food Initiative, the annual meeting of the World Council of the International Chamber of Commerce, a workshop on the Center for International Entrepreneurship, and the regional meeting for the West Asia and North Africa region.

The Ministry of Foreign Affairs, represented by the Iraqi Embassy in Paris and the Ministry of Trade - Department of Foreign Economic Relations, supported Iraq's accession to the International Chamber of Commerce and continues to monitor the activities of the Iraqi National Committee's program for the International Chamber of Commerce.  LINK

Integrity Commission Arrests Former Government Bank Manager In Maysan For Embezzling Nearly A Quarter Of A Trillion Dinars]

Buratha News Agency 17920  25-07-13   Today, Sunday (July 13, 2025), the Federal Integrity Commission was able to arrest a former official at a government bank in Maysan, on charges of embezzlement, damage, and squandering public funds amounting to nearly a quarter of a trillion dinars.

In a statement, the Authority said that its efforts to track the movements of the fugitive convict (Ebtisam Kamel Nasser), the former director of the Agricultural Bank, supported by the information it received, resulted in locating her place of residence after extensive searches and investigations.

The Commission noted that "the team, composed of the Maysan Investigation Office, was able, after moving to the convict's residence in the Al-Zubair district in Basra, to arrest her and execute the arrest warrant issued against her, with the support of the technical efforts of the Falcons Intelligence Cell," noting that "a formal report was prepared regarding the operation and presented, along with the accused, to the competent courts in Maysan Governorate."

She continued, referring to “the cases in which the convict was convicted, as the competent court - after reviewing the evidence and proof in the cases it considered and found them sufficient and convincing to convict her - had previously sentenced her in absentia to imprisonment in accordance with the requirements of Article (316) of the Penal Code.”

The Commission added that "the total sentences issued against the convict amounted to (37) years in prison, while the total amounts that the court of subject matter ruled to return in those cases amounted to (211,737,649,265) two hundred and eleven billion dinars," noting that "there are (10) other cases under investigation against her."   https://burathanews.com/arabic/news/462672

Government Advisor: US Tariffs Are An Opportunity To Activate The Joint Agreement

Money and Business  Economy News – Baghdad  The Prime Minister's Advisor for Investment Affairs, Mohammed al-Najjar, affirmed on Sunday that the recent US tariffs imposed on Iraqi products represent an opportunity to activate the joint economic agreement between the two countries, while noting that they do not affect the volume of trade exchange.

Al-Najjar said, "The customs duties imposed by the United States on Iraqi products can be transformed from a challenge into a real opportunity to support the national economy and enhance joint cooperation."

He explained that "the new customs duties do not currently have a direct impact on the volume of trade between Iraq and the United States, given that Iraqi exports to the United States primarily rely on oil, which is not subject to such duties."

 He noted that "if Iraq diversifies its exports in the future, the impact will be significant, which calls for investing in this step to strengthen economic dialogue between the two countries."

He added, "These developments represent an opportunity to activate the provisions of the Iraq-US Framework Agreement, the economic aspects of which have not yet been implemented due to US producers' lack of familiarity with the Iraqi market compared to markets in Asia, Latin America, and Europe, in addition to the challenges facing Iraqi importers, such as high transportation costs, difficulty obtaining visas, and weak direct transportation routes."

Al-Najjar explained that "the Iraq Development Fund, whose idea was proposed about seven months ago in cooperation with the American side, is considered one of the important tools for encouraging trade exchange and joint investment," noting that "there is a response from American authorities to this approach."

He stressed that "work is underway to reach advanced stages in establishing this fund, which will provide a direct channel linking Iraqi importers with American products and, in turn, enable American investors to enter the Iraqi market."

He stated, "We view these developments as an important opportunity to strengthen the national economy and open broader horizons for cooperation and partnership between Iraq and the United States, in a way that serves the interests of both parties."  https://economy-news.net/content.php?id=57308

Iraq Surpasses Saudi Arabia In Oil Exports To The US

Economy |  07/13/2025  Mawazine News - Follow-up  The US Energy Information Administration announced, on Sunday, a decline in Iraqi oil exports to the United States during the past week.

The administration said in a statistic reviewed by Mawazine News, that "the average US imports of crude oil during the past week from 10 major countries amounted to 5.416 million barrels per day, a decrease of 772 thousand barrels per day compared to the previous week, which averaged 6.188 million barrels per day."

It added that "Iraq's oil exports to the United States amounted to an average of 164 thousand barrels per day, a decrease of 48 thousand barrels per day compared to the previous week, which averaged 212 thousand barrels per day. "

The administration also indicated that "the largest oil revenues to the United States during the past week came from Canada, at an average of 3.766 million barrels per day, followed by Ecuador at an average of 441 thousand barrels per day, followed by Mexico at an average of 414 thousand barrels, from Brazil at an average of 231 thousand barrels per day, and from Saudi Arabia at an average of 148 thousand barrels per day."

According to the table, "US crude oil imports from Colombia averaged 124,000 barrels per day, from Libya 90,000 barrels per day, from Nigeria 38,000 barrels, and from Venezuela 25,000 barrels per day." https://www.mawazin.net/Details.aspx?jimare=263746

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

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 7-13-25

Good Afternoon Dinar Recaps,

BRICS Moves to Local Currency Trading: Is the BRICS Currency Dead?

In a notable shift from earlier ambitions, BRICS member states have opted to expand trade settlements in local currencies, shelving plans for a unified BRICS currency—at least for now. The topic was not on the agenda at the 17th BRICS summit held on July 6–7, and Brazil’s Ambassador to India, Kenneth Felix Haczynski da Nobrega, has since confirmed that no BRICS currency is being planned to challenge the U.S. dollar.

Local Currencies Rise, While BRICS Currency Stalls

According to Egyptian Prime Minister Mostafa Madbouly, local currency usage among BRICS countries is steadily growing, with bilateral settlements already in motion. This de-dollarization strategy is aimed at easing foreign exchange pressures and fostering more balanced trade relationships within the bloc.

“The BRICS group is moving toward wider implementation of local currency trade, starting bilaterally and potentially expanding to multilateral use,” said Madbouly.

Despite earlier rhetoric—particularly from Russia, one of the strongest proponents of a new BRICS currency—the bloc appears to be postponing plans for a common tender. The reason? A lack of regulatory and legal infrastructure to support such an ambitious initiative, along with doubts about whether a new currency could gain the international trust needed to thrive in global forex markets.

De-Dollarization Quietly Advances Without New Currency

While de-dollarization remains a major theme for the alliance, the 2025 summit largely avoided direct discussions about launching a BRICS currency. Analysts believe this cautious approach reflects both internal political dynamics—including Russia’s evolving relationship with U.S. President Donald Trump—and the complexities involved in forming a transnational currency system.

Although the BRICS currency proposal continues to resurface in policy circles and media narratives, member states appear more interested in the pragmatic benefits of local currency settlements than in the speculative risks of launching a new monetary instrument.

Conclusion: Strategic Pause, Not Permanent Retreat

For now, BRICS is prioritizing incremental financial integration through national currencies rather than leaping into the unknown with a new unified currency. However, the door remains open. As Ambassador da Nobrega suggested, the idea isn’t dead—just deferred.

The path forward may involve strengthening bilateral arrangements, building regulatory consensus, and gradually laying the groundwork for a unified financial alternative to the dollar-dominated system—should geopolitical conditions and internal cohesion align in the future.

@ Newshounds News™
Source: Watcher.Guru

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