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

Government Advisor: Electronic Transformation Contributed To Lowering The Dollar Exchange Rate.
 
Baghdad - INA - Amina Al-Salami   The Prime Minister's financial advisor, Mazhar Mohammed Saleh, 
confirmed on Tuesday that the expansion of electronic transactions has contributed to  reducing speculation and  unreal demand for the dollar,   which has lowered its price on the parallel market.

 He also indicated that  reliance on digital payment tools has led to a decline in the volume of cash dollar trading.

Saleh told the Iraqi News Agency (INA):
"The expansion of the use of bank cards and electronic transactions has contributed to reducing the margin of speculation and the unreal demand for the dollar,  especially after linking transfer operations and trade finance to digital data and pre-verification of documents, such as the advance customs declaration."

He indicated that  "citizens' reliance on digital payment tools,  both locally and during foreign travel,  has led to a decrease in the volume of cash trading in dollars outside the official system." 

Saleh explained that "this has begun to have positive impacts at the international level,   given Iraq's membership in the Middle East and North Africa Financial Action Task Force (MENAFATF),  a regional organization established in 2004 that works to combat money laundering, terrorist financing, and the proliferation of weapons in the region,  in line with the 40 recommendations issued by the Financial Action Task Force (FATF) in Paris." 

 He pointed out that  "Iraq, through its digital advancements, has made tangible progress, particularly
 ++with enhanced compliance with the requirements of the  Financial Action Task Force and     international compliance practices.
 
This has positively impacted Iraq's current stable credit ratings and opened up broader horizons for better engagement with global correspondent banks,
as we can see from the decline in the dollar exchange rate against the official rate in the parallel market in recent months."   He emphasized that
 
"modern electronic technology can be leveraged in Iraq through three complementary paths, the most important of which, based on the government's program, is the
     digital transformation of public finances and economic governance, which includes several directions, including:
          automating taxes and customs to maximize non-oil revenues,
          digitizing government contracts, and
          distributing support to eligible groups,
 
in addition to
     enhancing transparency and
     combating corruption through the presence of a digital fingerprint for every transaction."
 
Regarding innovation and small business technology, Saleh noted that
 
"digital technology development paths are taking on more modern dimensions,
most notably supporting digital entrepreneurship, such as
     e-commerce,
     delivery apps,
     distance learning, and others.

This is in addition to financing startups in the fields of
     artificial intelligence,
     smart agriculture, and
     solar energy, in addition to building digital platforms for vocational training and market access." 

He added, "There is a trend toward transitioning to a data and knowledge economy in close conjunction,
through the establishment of national data centers, the use of artificial intelligence in planning,
and the enhancement of internet infrastructure and the achievement of equitable access to it in accordance with global standards for digital justice.
 
We also emphasize the importance of supporting the higher education sector in digital and technical specializations." 

He pointed out that "these trends will undoubtedly contribute to creating sustainable jobs, reducing operating costs, and increasing the productivity of the national economy in a promising digital era for Iraq."  https://ina.iq/ar/economie/239703-.html  

Government Advisor: Localizing The Pharmaceutical Industry Saved More Than $1 Billion Annually.
 
Baghdad – INA   Hamoudi Al-Lami, the Prime Minister's advisor for industry and private sector development,  revealed significant developments in the field of localizing the pharmaceutical industry in Iraq on Tuesday.

While noting that localization has saved more than $1 billion annually, 
he confirmed that 34 factories are currently operating at full capacity and that there are 178 applications to establish pharmaceutical factories.  Al-Lami told the Iraqi News Agency (INA):
 
“Since the first week of its formation, the government has begun implementing a program to localize the pharmaceutical industry.
 
The Council of Ministers issued decisions in 2023 supporting this trend,
     whether for existing projects by expanding them or by providing facilities for new projects,
     by granting loans to investors wishing to establish new factories or develop their existing projects.”

He added, "The government has provided facilities regarding the required guarantees,  including opening credits guaranteed by production lines.

The Cabinet's decisions also included measures to support the provision of raw materials needed to operate existing and future industrial projects, in addition to reviewing the prices of medicines purchased by the Ministry of Health from national factories.
 
Prices have been more than doubled,
     which has led to an increase in the value of contracts with the General Company for Drug Marketing from 144 billion dinars at the beginning of the government's term to more than 600 billion dinars so far.
 
This represents the value of locally produced medicines and constitutes about a quarter of the cost of imported medicines,   which means saving more than a billion dollars annually so far." 

He confirmed that  "the number of applications to establish pharmaceutical and medical supplies factories has reached 178 by July 1, up from 100 previously.
 
These applications include factories for the production of medicines, medical supplies, surgical sutures, intravenous solutions, syringes, and other medical devices,  thanks to the government support provided to investors." 

 He explained that "the number of pharmaceutical factories producing in the country has increased to 34,  compared to 22 factories when the current government was formed.
 
This is the same number that has remained since the establishment of the first pharmaceutical factory in 1956 until the formation of this government." He explained that
 
"the new factories are operating at full capacity and have contributed to increasing the coverage rate of locally produced medicines."  Al-Lami explained that
 
"locally produced medications are subject to the highest international standards,
     the same specifications as those approved globally.
 
They are also subject to strict pharmaceutical oversight using the latest technologies.
 
Clinical trials are underway for complex medications, such as those for blood diseases and cancer,
which have begun to be produced locally after technology transfer from international companies."
He concluded his remarks by saying,
 
"The Prime Minister's directives emphasize that the effectiveness and safety of pharmaceutical production are a red line," noting that,  "during the tenure of the current government, 38 new medications have been added to treat high blood pressure, 33 new medications to treat diabetes, and 58 types of antibiotics covering the needs of adults and children in various forms.
 
Local production of 25 cancer medications has also begun through technology transfer." ttps://ina.iq/ar/economie/239730-.html  

Experts: Economic Partnerships Are An Important Step To Drive Development.
 
Economic 2025/07/30 Baghdad: Shukran Al-Fatlawi   Economic experts have commended the government's efforts to revive bilateral partnerships with international capital and organizations, stressing that this step will  increase sustainable development rates and  boost Iraq's production capacity in various fields.

They noted that the Development Road project is one of the most prominent gateways for attracting foreign partnerships with both the public and private sectors. 

According to experts, economic partnerships represent a real key to diversifying sources of income and a step toward eliminating rentierism,  which has severely impacted the Iraqi economy.
 
These partnerships also play a role in strengthening the capabilities of government institutions through
 resource management and reform implementation.
 
Sustainable Development
 
Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, said,  "Iraqi-global economic partnerships are the first gateway to achieving sustainable development for the country." He noted that  the Development Road project represents   a key link in achieving economic partnerships with advanced global efforts.  

Al-Najjar added that the advanced global effort is looking at Iraq with great interest, as it is a virgin labor market that provides renewed job opportunities in more than one sector, and this matter is considered a privilege and an attractive element within the Iraqi labor market that can be invested in the form Which revives the economy.
 
Implementation Transparency
 
Economic researcher Imad Al-Muhammadawi told Al-Sabah that economic advisory partnerships represent a fundamental pillar in supporting development efforts in Iraq, noting that  
their success requires effective government  commitment, political stability, and   transparency in implementation.

He also emphasized the importance of expanding these partnerships to include  nnovation, technology, the green economy, clean energy, and  other sustainable projects that serve the public interest, 
while taking into account the need to monitor performance evaluation to ensure sustainable results.

Development Path
 
Al-Muhammadawi stated that  at the forefront of international economic partnerships that can achieve significant positive results for Iraq is the “Development Road Project,”  which aims to link the port of Faw to the  Turkish border strip and Europe to the north, and the  Arabian Gulf to the south, 
to transport goods between the Gulf and Europe.
 
He described it as a major pivotal economic reform program that
     will have a positive impact on all sectors,
in addition to reducing the costs of transporting goods between Europe and Asia,
     reaching India and China, not to mention achieving stability.
 
And international security.
 
The spokesman pointed out that  economic partnerships represent a fundamental pillar in supporting development efforts in the country, noting that
 
cooperation between Iraq and international institutions  or donor countries works to  exchange expertise,  provide technical advice, and   support economic policies.

He explained that  these partnerships include multiple areas,
     foremost among which are
          tax and financial reform,
          restructuring economic institutions,
          improving the business and investment environment,
          developing the private sector, and
          enhancing financial inclusion,which means
 
“improving individuals and companies’ access to financial sector services and products and integrating them into banking systems to facilitate transactions.”
 
Preparing Plans
 
For her part, economic researcher Suhad Al-Shammari explained in an interview with Al-Sabah that 
Iraq has opened its doors to investment to countries with significant economic experience, noting that 
the country is witnessing the preparation of clear five- and ten-year plans for the economic and service sectors,  both domestically and internationally, due to its virgin investment resources.
 
These could move Iraq forward significantly,
     supporting its rentier economy that relies solely on oil,
          making it immune to oil price fluctuations and 
          away from regional variables.
 
At the same time, she indicated that  international consultations have
     contributed to the preparation of data-based economic policies, and have
     achieved important steps towards
          reforming subsidies and
          increasing transparency in the management of public funds, in addition to
     helping to enhance Iraq’s ability to negotiate and engage in regional and international economic initiatives.
 
International Customs System
 
It's worth noting that the country has multiple economic and financial contracts and partnerships, 

in addition to the "Development Road Project," represented
     by the official launch of the TIR system in Iraq, effective April 1, 2025, complementing this project.
 
This will reduce shipping times and strengthen Iraq's position as a regional trade corridor.
 
The TIR system is an international customs transit system that allows goods to pass from the country of origin to the country of destination in sealed loading containers with customs control along the supply chain,       helping transport companies and customs authorities save time and money. Big on the border.     https://alsabaah.iq/118278-.html 

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 7-30-25

Good Morning Dinar Recaps,

How BRICS Is Reshaping the Emerging Multipolar World
From Expansion to Internal Division: The Global South’s Strategic Realignment Faces Tests

The BRICS alliance is no longer a concept in transition—it is an evolving geopolitical force shaping the emerging multipolar world in real time. At the July 6–7 summit in Rio de Janeiro, BRICS officially expanded to 11 full members, strengthening its claim as the largest Global South alliance and advancing its ambition to create an alternative to Western-dominated global institutions.

With this expansion, BRICS now represents a powerful cross-continental coalition—but its path to becoming a cohesive global counterweight remains uneven.

Expansion Without Cohesion: Cracks in the Multipolar Blueprint

While the summit concluded with the 126-point Rio Declaration, internal challenges became evident. Notably, Chinese President Xi Jinping was absent, Russian President Vladimir Putin attended virtually, and top leaders from Egypt and Iran—both new members—were also no-shows.

“Many of the 180 working groups launched under Brazil’s BRICS presidency reportedly failed to meet. They signalled a bloc expanding in size but eroding in cohesion.” — Felipe Porto, Brazilian Foreign Policy Observatory

Despite these gaps, the declaration underscored a shared commitment to multilateralism, condemning military strikes and trade coercion—though it notably stopped short of naming the United States.

Historical Continuity: BRICS and the Legacy of the Global South

The ideological foundation of BRICS can be traced to the 1955 Bandung Conference, where newly independent nations articulated the “Ten Principles of Peace” that would shape the Non-Aligned Movement. Today’s BRICS nations claim to be the heirs of that Global South vision.

“BRICS is the heir to the Non-Aligned Movement... the first organization to unify Global South nations.”
— Brazilian President Luiz Inácio Lula da Silva

However, the bloc’s composition reveals contradictions. Four BRICS members are former Soviet states, absent from the historical Global South coalition. This hybrid identity reflects both the bloc’s potential and the fault lines within its expanding membership.

Trump’s Threats: Western Pushback Against the BRICS Challenge

The most immediate response to BRICS’s global ambitions came from U.S. President Donald Trump, who issued a sharp warning following the Rio summit:

“Any country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10% tariff. There will be no exceptions.”

This escalation demonstrates how BRICS’s growing global influence is now seen as a direct economic and geopolitical threat to the U.S.-led international order. The clash between Western hegemony and South-South cooperation is entering a more aggressive phase.

“BRICS is designed to suit autocracies... used by authoritarian powers like China and Russia to promote an alternative world order.” — Natalie Sabanadze, Chatham House

She also pointed to a “growing rift” within BRICS—between the China-Russia axis and other members over the bloc’s strategic direction.

Can Southeast Asia Redefine BRICS’s Future?

The future trajectory of BRICS may hinge on its democratic members, particularly the four ASEAN nations that joined: Indonesia, Malaysia, Thailand, and Vietnam. These nations could play a pivotal role in shaping a less autocratic, more development-oriented alliance.

“As Southeast Asian countries deepen their engagement, the choices they make will help determine whether BRICS can evolve into a credible counterweight to Western dominance or falter under the weight of its own diversity.”
— M.A. Hossain, geopolitical analyst

This emerging multipolar world now features a bloc that reflects both the opportunity of expanded multilateralism and the challenge of maintaining cohesion across diverse political systems and interests.

Conclusion: BRICS at a Crossroads

The Rio summit proved that BRICS is growing in reach but not yet in unity. Its ambition to serve as the institutional core of a multipolar world faces major tests—from internal fragmentation to external confrontation. Yet, the bloc continues to assert itself as a strategic platform for Global South nations seeking more equitable global governance.

The coming months—especially with tariff threats from the U.S., growing digital currency initiatives, and regional realignments—will determine whether BRICS can transition from symbolic opposition to operational alternative.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 7-30-2025

TNT:

Tishwash:  Central Bank of Iraq: Decrease in public spending and stability in domestic debt

The Central Bank of Iraq revealed on Wednesday a decline in public spending and a stabilization of domestic debt in April 2025.

The bank indicated in a report reviewed by Shafaq News Agency that the state's public spending in April amounted to 9.49 trillion dinars, registering a 6.69% decrease compared to March, which amounted to 10.17 trillion dinars. Spending also decreased compared to the same period in 2024, which recorded 12.07 trillion dinars.

The report indicated that domestic public debt stabilized at 58.54 trillion dinars in April, the same level recorded in March, but an 11.13% increase compared to the same period in 2024, when it reached 76.97 trillion dinars.  link

Tishwash:  The Ministry of Commerce discusses with the ITC the latest developments regarding Iraq's accession to the World Trade Organization and enhancing technical support.

The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Centre (ITC) to discuss the latest developments related to Iraq's accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.

A statement issued by the ministry's media office, quoting the department's director general, Riyadh Fakher Al-Hashemi, stated that the meeting discussed prospects for joint cooperation in reviewing the technical files prepared by the accession team in coordination with the technical committees emanating from the relevant national committee.

The statement emphasized the importance of the technical and technological support provided by the International Trade Centre, particularly during this critical phase, given its significant role in enhancing the efficiency of national teams and strengthening institutional readiness for accession requirements.

The meeting also addressed efforts to update the Nationally Determined Contributions (NDC) document, in coordination with sectoral bodies, in line with government policies aimed at integrating environmental and sustainability concepts into economic and trade policies.

At the conclusion of the meeting, Al-Hashemi stressed that the meeting was part of the department's ongoing efforts to develop Iraq's trade policy and enhance institutional and technical capabilities, supporting Iraq's accession to the World Trade Organization and strengthening its presence in the multilateral trading system.

For their part, representatives of the International Trade Centre praised the progress made in the accession file and the level of coordination with the Department of Foreign Economic Relations, stressing their readiness to continue providing the necessary technical support to complete the accession requirements  link

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

Tishwash:  Al-Sudani: It is time for our people to feel the services in all regions.

Prime Minister Mohammed Shia al-Sudani affirmed, today, Wednesday (July 30, 2025), that the collective effort made by the government contributed to producing tangible work effort for citizens, noting that "it is time for our people to feel the services in all regions."

The Prime Minister's media office said in a statement received by Baghdad Today that "Al-Sudani launched, today, Wednesday, the executive works of the Al-Krayat Bridge project on the Tigris River, as part of the campaign to rebuild the holy city of Kadhimiya, which is the first development project in the (Fifth Division) area, which aims to open the military zone closed for decades, and allocate its lands to establish service facilities, cultural and religious centers, and multiple rest cities for visitors."

Al-Sudani, according to the statement, praised the efforts of the executive team, which included ministers, the Director of the Prime Minister's Office, officials and technicians, the Ministry of Housing, the Baghdad Municipality, the Investment Commission, the Kadhimiya Shrine, and the Hanafi Shrine, as the collective effort produced a tangible reality for the citizen. He pointed to the government's realistic, planning, and comprehensive vision for the service sector, which took into account the specificities of each district, city, and sub-district.

The Prime Minister also announced the Fifth Division area, with an area of 400 dunums, as an investment opportunity for all companies, stressing that it will be announced in a transparent and clear manner, and that it will not contain any residential project, in addition to its distinguished strategic location, close to the shrine of the two Imams Al-Kadhimiya (peace be upon them), where a museum will be built with an area of 12,500 square meters, to be a witness to the dark dictatorial era, and the practice of the most heinous violations, and the museum is a guarantee that tragedies will not be repeated, as citizens will see the ugliness of that era.

Al-Sudani said, "Baghdad's population exceeds 9.5 million, and the capital hasn't seen any rehabilitation projects commensurate with its capacity or a distinct identity to address the problems it faces." He explained that, "Kadhimiya hasn't received any attention for decades, but today it's witnessing a qualitative shift that takes into account its Islamic identity and the number of visitors, and ensures smooth flow of traffic during special occasions."

He pointed out that "the programs and plans of 'Baghdad More Beautiful 1 and 2' and the plans of the ministries and the Baghdad Municipality all aim to pursue comprehensive and integrated rehabilitation, emphasizing the government's commitment to Islamic architectural standards in the projects planned for this area."

He added, "The reconstruction campaign includes shops and neighborhoods in Kadhimiya, across all sectors, schools, and other service institutions. He emphasized the need to adhere to accuracy, inventory, and specifications in accordance with the plan, and to work with high quality and speedy implementation."

The Al-Krayat Bridge project is a vital component of the second package of traffic congestion relief projects. It will also include the construction of numerous service facilities and approaches, including passageways and axes connecting it to the Mohammed Al-Qasim Expressway and the Army Canal.

The campaign to rebuild the holy city of Kadhimiya continues, which includes the rehabilitation and expansion of (15) main streets for five neighborhoods, the establishment of (38) schools, the restoration of (4) heritage schools, the cladding and paving of (12) residential neighborhoods, the development of garages, the construction of bridges, in addition to the establishment of recreational areas for families.

The campaign also includes the construction of six entrances to the city, the rehabilitation of the sewage station, the provision of services to agricultural areas, the rehabilitation of the city water project, the Fattah Pasha Street Boulevard, and other projects, in addition to the transfer of the headquarters of official departments outside the city.  link

Mot:  Married Life…..

Ariel: What does the Future have in Store for us?

Ariel: What does the Future have in Store for us?

7-30-2025

Good morning to you good folks of good ole USA.

What does the future have in store for us?

We have Iraq positioning itself to go global via Forex listing.

We have John Ratcliffe ready to release files to expose the Deep State.

We have the tariff money kicking in on August 1st.

We have Americans on the verge of receiving rebate checks. (600 will not do it)

We have Saudi Arabia injecting $600 billion into U.S. tech and defense.

We have XRP surging to a new all-time high of $ 3.00.

We have unemployment hitting historic lows with job booms nationwide.

We have quantum financial systems gearing up for American prosperity.

We have borders strengthening with new policies restoring security.

We have energy independence soaring with new oil reserves tapped.

We have infrastructure projects creating millions of high-paying jobs.

We have veterans receiving priority benefits under new health reforms.

We have education funding doubled for rural and underserved areas.

We have a lot of things to look forward to.

Addendum:

We have small businesses thriving with tax cuts effective this month.

We have gold prices stabilizing at $2,800 an ounce for economic security.

We have clean energy breakthroughs powering half the Midwest grid.

We have manufacturing hubs reopening in Rust Belt states with subsidies.

We have a new space program launching from Texas creating 10,000 jobs.

We have crime rates dropping 15% in major cities with community policing.

We have Social Security reforms ensuring full benefits for seniors.

We have agricultural exports doubling with trade deals in Asia and Africa.

We have water infrastructure upgrades ending shortages in the Southwest.

We have a national debt relief plan reducing interest burdens by $500 billion.

We have rural broadband expanding to connect 20 million more households.

We have a historic tax rebate of $1,200 per family rolling out next week.

We have military bases upgrading with $300 billion in new investments.

We have a surge in American-made goods dominating global markets.

What more do you want?

Source(s):  https://x.com/Prolotario1/status/1950198270854156314

https://dinarchronicles.com/2025/07/30/ariel-prolotario1-what-does-the-future-have-in-store-for-us/

Iraq Economic News and Points To Ponder Tuesday Evening 7-29-25

Sudani Advisor: Iraq Is Making International Progress And Reducing Pressure On The Dollar.
 
July 29, 2025  Baghdad/Iraq Observer  The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed on Tuesday that the expansion of electronic transactions has contributed to  reducing speculation and  unreal demand for the dollar, which has lowered its price on the parallel market. He also indicated that reliance on digital payment tools has led to a decline in the volume of cash dollar trading.

“The expansion of the use of  bank cards and  electronic transactions has contributed to  reducing the margin of speculation and the unreal demand for the dollar, especially after  linking transfers and   trade finance operations to digital data and pre-verification of documents,   such as the advance customs declaration,”
 
Saleh said in a press statement monitored by the Iraq Observer. He explained that  “citizens’ reliance on digital payment tools,   both locally and during foreign travel,  has led to a decline in the volume of cash circulation in dollars outside the official system.” 

Saleh explained that “this has begun to have positive impacts at the international level, given Iraq’s membership in the Middle East and North Africa Financial Action Task Force (MENAFATF),
     a regional organization established in 2004 that works to combat
          money laundering,
          terrorist financing, and the
          proliferation of weapons in the region,
in line with the forty recommendations issued by the Financial Action Task Force (FATF) in Paris.” 

He pointed out that "Iraq, through its digital advancements, has made tangible progress, particularly with enhanced compliance with the requirements of the  Financial Action Task Force and  international compliance practices.
 
This has positively impacted Iraq's current stable credit ratings and opened up broader horizons for better engagement with global correspondent banks,  as we can see from the decline in the dollar exchange rate against the official rate in the parallel market in recent months." 

He emphasized that  "modern electronic technology can be leveraged in Iraq through three complementary paths, the most important of which, based on the government's program, is the digital transformation of public finances and economic governance, which includes several directions, including:
     automating taxes and customs to maximize non-oil revenues,
     digitizing government contracts, and
     distributing support to eligible groups, in addition to
     enhancing transparency and
     combating corruption through the presence of a digital fingerprint for every transaction ."

Regarding innovation and small business technology, Saleh noted that "digital technology development paths are taking on more modern dimensions, most notably supporting digital entrepreneurship, such as 
     e-commerce,
     delivery apps,
     distance learning, and others.
 
This also includes funding startups in the fields of
     artificial intelligence,
     smart agriculture, and
     solar energy, in addition to
     building digital platforms for vocational training and market access."  He added,
 
"There is a trend toward a transition to a data and knowledge economy in close conjunction,
through the establishment of national data centers,
the use of artificial intelligence in planning,
and the enhancement of internet infrastructure and the achievement of equitable access to it in accordance with global standards for digital justice, while emphasizing the importance of supporting the higher education sector towards digital and technical specializations." 

He pointed out that "these trends will undoubtedly contribute to
     creating sustainable jobs,
     reducing operating costs, and increasing the productivity of the national economy in a promising digital era for Iraq."     https://observeriraq.net/مستشار-للسوداني-العراق-يحقق-تقدماً-دو/ 

 Gold Continues To Soar... Where Will It Reach In 2026?

Stock Exchange  Analysts expect gold prices to remain above $3,000 per ounce in the coming period, supported by increased demand for safe-haven assets amid rising concerns related to global trade and worsening sovereign debt levels.

A Reuters poll of 40 analysts and traders showed that the median forecast for the gold price in 2025 is $3,220 per ounce, compared to $3,065 in the April poll, while the estimate for 2026 rose to $3,400 from $3,000 previously.

Spot gold prices have risen 27% since the beginning of this year, reaching a record high of $3,500 per ounce in April, amid escalating trade tensions between the United States and China, which prompted investors to seek safe havens.

David Russell, marketing director at Goldcore, said: “The first half of 2025 has confirmed what we have long believed; Gold is not just a hedge, it's a market signal," he said, predicting that the price could reach $4,000 by the end of 2026 if concerns about the US financial situation worsen.

Gold's appeal as a safe haven has been heightened by uncertainty over the deadlines for major US trade agreements, as well as financial concerns sparked by US President Donald Trump's passage of a massive bill dubbed the "Big, Beautiful Act," which independent analysts expect will add $3.3 trillion to the US national debt.

However, gold has failed to recapture its April peak, with Julius Baer analyst Carsten Menke saying the "short-term sideways movement is likely to continue in the absence of an immediate catalyst to push prices higher."

Most analysts believe that central banks remain the main driver of gold's rise, as part of their long-term efforts to diversify their reserves away from the dollar's dominance. China has continued to boost its gold reserves for the eighth consecutive month, while a European Central Bank survey showed that nearly 40% of central banks consider geopolitical risks a key reason for holding gold.

"The multipolar world continues, and with it, central banks' desire to reduce their reliance on the US dollar as a reserve currency and, in extreme cases, reduce their exposure to US sanctions," Minke said.

 Silver prices have jumped 32% since the beginning of 2025, outperforming gold and approaching the $40 per ounce barrier for the first time in 14 years.

Analysts revised their 2025 silver price forecast to $34.52 per ounce, up from $33.10 in the previous survey, supported by concerns about US tariff policies, signs of tight supply in the spot market, and increased investor appetite for silver as an alternative to gold.

For 2026, the median forecast rose to $38 per ounce from $34.58 previously.

Suki Cooper, an analyst at Standard Chartered, said that most of these gains were the result of strong inflows into exchange-traded products, warning that a slowdown in this momentum could leave silver vulnerable to a decline despite expectations of a new market deficit this year. https://economy-news.net/content.php?id=58029

The Dollar Exchange Rate Remains Stable In Baghdad.

Economy | 07/29/2025   Mawazine News - Baghdad -  The dollar exchange rate witnessed remarkable stability against the dinar in local markets on Tuesday.

The selling price reached 140,250 dinars per $100, while the buying price reached 138,250 dinars per $100.   https://www.mawazin.net/Details.aspx?jimare=264356

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

The Illusion Collapses

The Illusion Collapses

Notes From the Field By James Hickman (Simon Black)  July 21, 2025

When King Louis XV died in 1774, nearly all of France breathed a collective sigh of relief.

The late king, along with his predecessor— the legendary Louis XIV— had indebted France up to its eyeballs with endless war, waste, and lavish spending.

Sure, Versailles was gorgeous. But the interest payments were eating the royal Treasury alive. And everyone knew that France was in serious trouble... so when the king died, people became hopeful that change was coming.

The new king, Louis XVI, was young, bright, energetic, and wildly popular. People desperately believed that he would finally be the one to reform the system and fix the nation’s gargantuan problems.

And initially things went very well. One of the young king’s first orders was to appoint an economic libertarian named Jacques Turgot as his chief minister.

Turgot made his principles crystal clear from day one: France would not declare bankruptcy. It would introduce no new taxes. And it would incur no new debts.

In short, Turgot planned to fix the nation’s finances through massive spending cuts—something everyone acknowledged was long overdue. He also aimed to improve the efficiency of the state, and there were plenty of obvious, sensible reforms to be made there as well.

Unfortunately for France, it didn’t last long.

Turgot made enemies fast— which wasn’t very surprising given that he was threatening the political class’s taxpayer-funded gravy train. Nearly everyone— the Church, the media, the nobles— turned on Turgot and called for his removal.

So by May of 1776, just 18 months after Turgot took office, the King dismissed him.

At that point, it became painfully clear that the necessary reforms weren’t going to happen. In fact France went in the opposite direction— providing major financial support to America— until finally hitting rock bottom in 1789 at which point France suffered its own revolution, along with the Reign of Terror, multiple wars, hyperinflation, and more.

When it comes to making much needed reforms, I see a lot of similarities between 1770s France and 2020s America.

When Donald Trump won the 2024 election, there was real cause for optimism.

Trump had a strong economic record already. He talked during the campaign about the need to cut the deficit. He hammered the regulatory state. He made it clear that America couldn’t keep limping along funded by infinite debt and magical thinking.

Then he brought in real firepower.

Elon Musk was elevated to head the DOGE initiative to take a chainsaw to government waste. Like Jacques Turgot in 1774, Elon found all sorts of garbage in Washington: redundant agencies, overlapping missions, and entire programs that were taxpayer-funded scams.

Most importantly, Elon identified spending cuts that, along with a strong deregulatory push to unleash growth, could have steered the ship in the right direction again. America’s debt problems wouldn’t vanish overnight, but they could start improving.

Plus, after years of ‘leadership’ from Joe Biden, i.e. a guy who shook hands with thin air and abandoned tens of billions of dollars of military equipment to America’s sworn enemy in Afghanistan, the US had elected someone whose first instinct upon his attempted assassination was to cheer Americans to fight.

Things certainly started well. In his first days as President, Trump issued a handful of powerful executive orders. The border was closed. DOGE started to gain traction. The woke nonsense ground to a halt.

But then he went all-in on tariffs, arguing they were the solution to America’s financial problems. Instead of offering the stability that businesses need to plan and grow, however, the ‘plan’ was a chaotic mix of on-again, off-again policies with no clear objective.

Then, just as DOGE was proposing serious spending cuts, the government did a 180 and backed a massive funding bill that added trillions to the deficit. Nearly everything that Elon found was ignored.

And in the end, Congress rescinded a whopping $9 billion of waste out of the hundreds of billions identified.

Then Trump and Elon had a falling out. Elon walked. And, just like that, it started to look—once again—like business as usual in Washington.

Still, optimists could hold out hope. Maybe it was just a year-one strategy—pass the big spending bills early, stabilize politically, and tackle reform in year two.

I’ve long argued the window is still open to arrest America’s decline. But they are pushing it dangerously close to the edge.

And then came Epstein.

No, it’s not an economic issue. It doesn’t directly affect bond markets or Social Security or the Fed.

But it is a major crack— perhaps the final crack— in the illusion that anything is going to change.

They are refusing to hold Epstein’s buddies accountable, to reveal what happened, and to deliver on a key promise of transparency that they made repeatedly.

 And instead of leveling with the public—even if the truth was ugly—they chose to gaslight voters.

Trust in every major institution was already near historical lows prior to this Epstein issue. Now it will only get worse.

The Swamp, the Deep State, the runaway bureaucracy— whatever you want to call it, clearly lives on.

They’re not cutting the deficit. They haven’t significantly rolled back regulations. Reforming Social Security isn’t even on the table, just 8 years from insolvency. Spending keeps accelerating, with no plan to slow down.

Meanwhile, interest on the national debt has already blown past $1 trillion annually, which could easily triple within a decade.

Foreign governments and central banks—once the biggest buyers of US debt—are quietly backing away.

The White House is already planning on installing their own yes-men to the Federal Reserve, virtually guaranteeing a money-printing bonanza in the years to come... with the obvious effect being tons of inflation.

If you had put your Plan B on hold, it’s probably time to dust off the cobwebs.

The world’s not ending. America will not cease to exist. But it’s becoming ever more likely that the fiscal, social, and inflationary challenges ahead cannot be ignored.

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

https://www.schiffsovereign.com/trends/the-illusion-collapses-153204/?inf_contact_key=98fc82d484be096c2c8e8401c5ba74ad611c10abb7b3657801e6f799df81c049

Tuesday Evening News with MarkZ, 07/29/2025

PDK Reminder:  I only transcribe RV/Financial news and intel. Not political opinions or most guests on this podcast.    If a podcast is mostly political…I may not do notes at all. Thank you

Tuesday Evening News with MarkZ, 07/29/2025

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: Hello and good evening to you all

Member: Good evening mark, mod team, fellow rvers. is it time for the "fasten seat belt" sign to come on yet?

Member: There is so much disinformation it is making me crazy. Let’s hope August1 will happily surprise us

Member: What event will signal the RV for you Mark? Forex or ???

MZ: When I see CMKX payments and payments on the bond side. When I see that publicly acknowledged and rolling.  Hopefully we will see that within a week. I feel good and the chatter is very interesting

Member: I wonder what percentage of bond holders have been paid?

MZ: I have not yet gotten an update today from bond contacts…..I will probably get something overnight

Member: Sedona Connection on the utube has golden dragon info happening this week ?

MZ: I saw that and shot a message to my dragon contacts….we will see what they say

MZ: In Iraq: “Erbil agrees to send 120 billion dinars to Baghdad to release July payroll”  It appears things are still on track .

MZ: “ After the release of May salaries -expected date for the payment of June salaries to Kurdistan employees”  This is set for next week. They are quickly catching up

MZ: “The Kurdisatan council of ministers will meet tomorrow to discuss salaries and oil exports”   they have already sent one month and will now be sending the last two.

MZ: “Turkey pushes for full use of the Kurdistan pipeline” Iraq was wanting to get it up to 230 thousand barrels a day. But the pipeline has the capacity for almost 1.5 million barrels per day. If they increase it….it would be a huge increase in the economy.

MZ: “Integrity announces Iraq’s ascension to the International Anti-Corruption Association”   They have made a lot of progress….Safety and stability.  

Member: markz...Iraq stock exchange notice: "Temporary suspension of trading on the shares of Commercial Bank international on 31st July 2025

Member: Josh Hawley introduces bill to provide at least a $600 rebate to people with tariff revenue

Member: Bank story Mark: My banker said that he knew about the GCR and that he believes that we will be moving in that direction ASAP! He said soon!

MZ: So many bankers are now saying yes…we are changing…yes there is a new currency…..

Member: Is there any news on the Venezuelan Bolivar?

Member: I do not know if it is true but I have heard from two sources that the Bolivar should exchange for about .30 or .36

Member: Sweet RV dreams to everyone tonight…

Mod: SEE YOU AT 10AM EST. IN THE MORNING FOR COFFEE WITH MARK. UNLESS THERE IS BREAKING NEWS. WE HAVE ANDY!!

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

https://rumble.com/user/theoriginalmarkz

Kick:  https://kick.com/theoriginalmarkz

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:    https://www.youtube.com/watch?v=ZXZdNmua_-o

FRANK26….7-29-25…..OIL !!!

KTFA

Tuesday Night Video

FRANK26….7-29-25…..OIL !!!

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#

https://www.youtube.com/watch?v=3W6omB2K4E0

$150 Billion of New Money into Gold? Basel III Changes Everything

$150 Billion of New Money into Gold? Basel III Changes Everything

Commodity Culture:  7-28-2025

A recent insightful discussion on Commodity Culture with Jesse Day, featuring Trey Wasser, CEO of Dryden Gold, delved into the transformative forces shaping the gold and digital currency landscapes, alongside exciting updates from Dryden Gold’s exploration efforts.

The conversation revealed a bullish outlook for gold, driven by unprecedented institutional demand and innovative financial integration.

A cornerstone of the discussion was the seismic impact of Basel III regulations. As of July 1st, 2023, these regulations have reclassified gold as a Tier-One asset for U.S. banks, putting it on par with U.S. Treasuries.

This pivotal change is anticipated to unleash a tidal wave of new institutional demand, potentially channeling up to $150 billion into physical gold reserves as banks diversify their balance sheets.

The expected outcome? A significant boost to gold’s liquidity and price stability, solidifying its role as a bedrock financial asset.

Transitioning from traditional finance to the digital frontier, the conversation navigated the implications of the Genius Act. This landmark legislation represents the first major U.S. move to formalize a regulatory framework for digital currencies, particularly stablecoins.

 By providing clarity and oversight for the burgeoning $250 billion stablecoin market, the Act strategically supports the digital dollar, aiming to extend the U.S. dollar’s global reach, especially into developing and unbanked regions.

Crucially, the emergence of stablecoins – particularly those backed by U.S. Treasuries and gold – creates a fascinating synergy. These digital assets are effectively becoming new buyers of physical gold, thereby fostering fresh demand and intrinsically weaving together the digital currency and precious metals markets.

A compelling example of this integration is Tether’s recent acquisition of a 51% stake in Elemental Royalties, a move that starkly illustrates the deepening connection between the crypto and gold sectors.

Amidst these macro-level market discussions, Trey Wasser offered a compelling update on Dryden Gold’s exploration progress. The company recently secured a $7 million financing, empowering them to significantly advance their drilling program.

A highlight is the major high-grade gold discovery at their Gold Rock target. This discovery is particularly intriguing due to its geological complexity, featuring multiple stacked gold-bearing structures with no surface expression – a characteristic reminiscent of Ontario’s prolific Red Lake camp.

The Commodity Culture episode painted a vividly bullish picture for gold. The confluence of Basel III’s reclassification of gold as a top-tier asset, the Genius Act’s regulatory framework for stablecoins creating new demand, and Dryden Gold’s impressive high-grade discoveries collectively signal a transformative period for the precious metal.

These developments are not only generating unprecedented institutional demand and fostering synergies between digital finance and physical gold but also highlighting emerging success stories like Dryden Gold in promising gold districts.

For a deeper dive into these pivotal developments, viewers are encouraged to watch the full Commodity Culture video.

https://youtu.be/ahDPMJy7WVQ

Iraq Economic News and Points To Ponder Tuesday Afternoon 7-29-25

The Ministry Of Commerce Discusses Developments Regarding Iraq's Accession To The World Trade Organization.

Economy | 07/29/2025   Mawazine News - Baghdad - The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Center (ITC) to discuss the latest developments related to Iraq's accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.

A statement issued by the Ministry's media office stated that the meeting discussed prospects for joint cooperation in reviewing the technical files prepared by the accession team in coordination with the technical committees emanating from the relevant national committee.

The statement stressed the importance of the technical support provided by the ITC, especially at this critical stage, due to its significant role in raising the efficiency of national teams and enhancing institutional readiness for accession requirements.

The meeting also addressed efforts to update the Nationally Determined Contributions (NDC) document, in coordination with sectoral authorities, in line with government policies aimed at integrating the concepts of environment and sustainability into economic and trade policies.

At the conclusion of the meeting, Al-Hashemi stressed that the meeting comes within the department's ongoing efforts to develop Iraq's trade policy and enhance institutional and technical capabilities, in a manner that supports accession to the WTO and enhances Iraq's presence in the multilateral trading system.

For their part, representatives of the International Trade Centre praised the progress made in the accession file and the level of coordination with the Department of Foreign Economic Relations, stressing their readiness to continue providing the necessary technical support to complete the accession requirements.   https://www.mawazin.net/Details.aspx?jimare=264364

The US Parliament Threatens To Impose Sanctions On Iraq.

the world | 07/29/2025  Mawazine News - US Representative Joe Wilson threatened to seek to impose sanctions on Iraq.

Wilson said in a post on his official account on the (X) platform, followed by Mawazine News, "It was a pleasure to speak with my dear friend the Foreign Minister of the Kurdistan Regional Government of Iraq."

He added that "armed groups are launching more drones against our dear friends in the Kurdistan Regional Government," expressing his regret "that armed groups are attacking the Kurdistan Regional Government, as well as US forces."

He stressed that "Iran is working to destabilize Syria, Iraq, Lebanon and Yemen," noting that "this can no longer be tolerated, and I will work to ban funding to Iraq that funds armed groups, and demand that they be designated as terrorist organizations."  https://www.mawazin.net/Details.aspx?jimare=264358

Iraq's Accession To The International Association Of Anti-Corruption Authorities

Local  The Federal Integrity Commission announced on Tuesday that the Republic of Iraq, represented by the Federal Integrity Commission, has joined the International Association of Anti-Corruption Authorities (IAACA), after signing and submitting the membership application to the association.

The Commission indicated in a statement received by Al-Eqtisad News that the League welcomed Iraq’s accession and called for a virtual meeting with the League’s Secretary-General to discuss the Commission’s needs, indicating that the League, which was established in 2006, is specialized in assisting anti-corruption agencies and bodies around the world to promote integrity and combat corruption, and implement the United Nations Convention against Corruption, noting that it includes 180 members from the authorities concerned with combating corruption, including 16 Arab agencies.

She added that the association works to achieve the United Nations' sustainable development goals, reduce bribery and corruption, and facilitate the exchange of expertise and best practices between anti-corruption authorities and specialists from around the world.

She explained that it has organized annual conferences and public meetings in a number of countries, including Austria, China, and Qatar, in addition to seminars, workshops, and training programs to strengthen relations with international and regional organizations in order to unify and develop efforts at the global level.   https://economy-news.net/content.php?id=58065

Al-Sudani: Meeting With Washington At The End Of The Year To Arrange Security Relations, And We Welcome American Investments

Prime Minister Mohammed Shia al-Sudani revealed an upcoming meeting between Iraq and the United States, to be held before the end of this year, with the aim of restructuring the bilateral security relationship.

In an interview with the Associated Press, al-Sudani stressed that this dialogue will determine the future of security cooperation, noting that the continued presence of coalition forces "has become a justification for armed groups to bear arms."

However, he stressed that "the withdrawal of these forces will end any justification for bearing arms outside the framework of the state."

Al-Sudani expressed Iraq's aspiration to attract American investments, particularly in the fields of oil, gas, and artificial intelligence, asserting that these investments will contribute to strengthening regional security and emphasizing that "the two countries will be great together" through this economic cooperation.   https://www.radionawa.com/all-detail.aspx?jimare=42343

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-29-25

Good Afternoon Dinar Recaps,

BRICS Common Currency Could Launch in 2026
A digital, sovereign alternative to the US dollar is accelerating under BRICS Pay infrastructure.

A Bold Monetary Shift: BRICS Targets 2026 for Common Currency Rollout

Amid rising concerns over global monetary instability and the diminishing dominance of the US dollar, the BRICS alliance is preparing to introduce a common sovereign-backed currency, potentially by 2026. Backed by digital infrastructure and expanded economic power, this initiative is set to challenge the unipolar financial architecture and reinforce a multipolar monetary order.

At the heart of the proposal is BRICS Pay, a sovereign digital settlement system designed to handle cross-border transactions, facilitate dedollarization, and enable trade in local currencies across the bloc’s expanding membership.

Key Developments Leading to 2026 Launch

The BRICS monetary agenda was advanced significantly during the 17th BRICS Summit in Brazil (July 2025), where leaders endorsed concrete progress toward the goal of monetary sovereignty. The alliance is now executing a multi-phase plan, with pilot programs set to begin before 2026.

Notable updates include:

• Accelerated settlement in local currencies:

• Russia-China trade now denominated in rubles and yuan

• India expanding rupee trade with Global South nations

• BRICS Pay implementation underway:

• Aimed at enabling digital, borderless transactions

• Bypasses SWIFT, ensuring financial autonomy

• CBDC integration:

• All member states are progressing on central bank digital currency (CBDC) development

• Pilot programs to test multilateral compatibility will be conducted in phases through 2026

• Bloc expansion fuels legitimacy:

• With 10 members (and more pending), BRICS now represents 46% of the global population and 37% of world GDP

Digital Infrastructure: The Cornerstone of BRICS Monetary Sovereignty

The technological engine powering this shift is blockchain-enabled interoperability, with BRICS Pay designed to connect central banks, national payment systems, and users via a single, resilient framework.

This initiative is not merely symbolic. It leverages:

• Blockchain for cross-border transfers

• National CBDCs in pilot stages

• Dedicated payment rails outside of Western financial infrastructure

By enabling smoother, low-cost settlements outside of USD systems, the BRICS currency model aims to foster trust, autonomy, and scalability—particularly for Global South nations seeking alternatives to Western-led monetary institutions.

Implications: Toward a Post-Dollar Financial System

The successful launch of a BRICS currency would mark a monumental reconfiguration of global finance:

• Trade pricing shifts: Expect increased use of rubles, yuan, and the new BRICS currency in energy and commodity contracts.

• Global South empowerment: Nations marginalized by dollar-based sanctions and FX volatility gain access to a stable, non-Western monetary alternative.

• Reduced SWIFT dependency: With BRICS Pay and sovereign CBDCs in place, member states can avoid political and systemic risks tied to Western clearinghouses.

However, execution remains a challenge. The currency’s viability hinges on:

• Cooperation across diverse economies

• Political stability and sustained commitment

• Market trust in a supranational unit still under development

Conclusion: The Countdown Begins

BRICS is no longer theorizing a new monetary future—it is engineering it. If timelines hold, the world could see a functional, digitally-native BRICS currency by 2026, backed by blockchain infrastructure and central bank cooperation.

With dedollarization already underway, this initiative could redefine trade dynamics, commodity pricing, and financial sovereignty in the emerging multipolar world.

@ Newshounds News™
Source:  CoinTribune   

~~~~~~~~~

10 New Countries on the Verge of Joining the Expanding BRICS Alliance
As 34 nations express interest in membership, BRICS eyes strategic additions from oil-rich, GDP-growing, and infrastructure-hungry regions.

BRICS Expansion Momentum Accelerates: 10 Countries Likely to Join Next

The BRICS bloc is poised for another significant expansion as 34 countries signal interest in joining the coalition. Of these, 23 nations have formally submitted membership applications, while 11 others have shown informal interest.

Originally formed in 2009 by Brazil, Russia, India, China, and South Africa, the alliance expanded in 2024 with the induction of Egypt, Ethiopia, Iran, the UAE, and Indonesia—bringing total membership to 10 nations, alongside 13 designated “partner countries.”

Now, attention turns to the next wave of prospective members—a strategically selected group of countries that offer regional influence, economic growth, and commodity resources.

Top 10 Countries Under Consideration for BRICS Membership

BRICS is carefully assessing candidates based on their resource base, GDP potential, geopolitical positioning, and compatibility with the bloc’s long-term agenda, including the use of local currencies through the New Development Bank (NDB).

Here are the 10 most likely additions:

1. Bahrain

2. Malaysia

3. Turkey

4. Vietnam

5. Belarus

6. Sri Lanka

7. Mexico

8. Kuwait

9. Thailand

10. Uzbekistan

Strategic and Economic Drivers Behind the Candidates

• Oil Economies: Bahrain and Kuwait offer strong crude production and exports, bolstering BRICS' energy influence alongside existing members like Russia, Iran, and the UAE.

• Gateway Markets: Mexico would give BRICS unprecedented access to Latin American markets, while Belarus could open up new corridors into Eastern Europe—a region of both economic and political interest to the bloc.

• Emerging Asian Economies: Vietnam, Turkey, Malaysia, Thailand, Uzbekistan, and Sri Lanka bring growing populations, developing infrastructure, and high demand for funding—making them prime candidates for the NDB’s local-currency lending expansion.

This planned expansion aligns with BRICS’ broader mission to create a multipolar global economic structure, reducing dependency on Western-led financial institutions like the IMF and World Bank.

The New Development Bank’s Role in Expansion

The New Development Bank (NDB)—BRICS' financing arm—is actively working to disburse loans in local currencies rather than relying on the US dollar. That strategy makes the inclusion of infrastructure-hungry economies attractive, particularly as BRICS aims to boost intra-bloc trade, energy deals, and development financing without Western intermediaries.

These candidate countries, many of whom are facing infrastructure bottlenecks, sovereign debt pressures, or development funding gaps, would benefit from BRICS’ multilateral support, while the bloc gains in economic leverage, geopolitical reach, and market integration.

Conclusion: From 10 to 20—BRICS Evolves into a Global Power Bloc

As BRICS continues its deliberate expansion, the alliance is steadily transforming from a symbolic counterweight to the G7 into a functional global alternative. The next wave of members—if approved—could bring the bloc’s core membership to 20 nations, expanding its reach across Latin America, Asia, Eastern Europe, and the Gulf region.

With the world increasingly polarized between Western financial hegemony and multipolar alternatives, BRICS appears to be consolidating power through a combination of resource diplomacy, economic integration, and currency sovereignty.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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