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Washington Approves Ripple’s Trust Bank
By Reset Intelligence | @EXIT_FIAT
On Monday the US bank regulator gave final approval to Ripple National Trust Bank, putting the company behind XRP inside the federal banking system. The bank will manage the reserves behind Ripple’s dollar token, RLUSD, and offer custody of digital assets once it opens.
The same day in Baghdad, Iraq’s 2027 budget slipped again, this time to November 15.
The tell
On Monday Iran’s Foreign Ministry pressed Baghdad to reopen the Al-Sheeb border crossing, saying Iraqi officials themselves had pointed to American pressure behind the closure. Baghdad’s stated reasons are a crossing that was not ready, and forged money and d***s coming through it.
What moved this week
• Baghdad’s street – closed Monday at 168,250 IQD for $100, against the bank’s 152,000, after two lower days at the weekend.
• Cash – the Central Bank’s spokesman says two shipments of about $500 million have already arrived, and the next ones should rise toward $1 billion.
• Development Road – in Amman, al-Zaidi said work on extending Iraq’s road and rail route north starts in early 2027, once parliament approves the budget.
• Budget – Erbil wants 14.14% of federal spending against about 12.7% in Baghdad’s draft. A new round of talks began on October 23.
• Oleshky – the ceasefire brokered by First Lady Melania Trump began on Tuesday morning, Moscow time.
The question
Washington licenses a federally chartered bank for a digital dollar the same day Baghdad pushes its budget back again. Coincidence, or is Iraq waiting until the new system is ready, and what does that mean for the IQD you hold?
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That is the short version. What Iraq’s Central Bank’s own numbers say about the street price, and why the timing is being set in Washington – that is the daily read.
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