Seeds of Wisdom RV and Economic Updates Sunday Afternoon 8-24-25

Good Afternoon Dinar Recaps,

China Pushes Yuan as BRICS Reserve Currency, Faces Resistance

China is advancing efforts to position the yuan as the reserve currency of BRICS, challenging the dominance of the U.S. dollar. However, resistance from fellow BRICS members threatens to stall Beijing’s ambitions.

China’s Push for the Yuan

Beijing has steadily promoted the yuan for trade, cross-border payments, and central bank reserves, especially during the 2023 and 2024 BRICS summits.

• Russia and Brazil have increasingly settled oil and commodity trades in yuan, largely due to U.S. sanctions on Moscow.

• India briefly used yuan for settlements but later stopped.

• Through the New Development Bank (NDB), China has also encouraged lending in yuan, with countries such as Pakistan, Sri Lanka, and several African nations receiving loans denominated in the currency.

These moves, though not officially branded as a “reserve currency initiative,” underscore China’s intent to reduce reliance on the U.S. dollar and elevate the yuan’s global role.

Growing Resistance Inside BRICS

Despite Beijing’s push, divisions within BRICS remain clear:

• India and South Africa have consistently opposed making the yuan the bloc’s reserve currency.

• Brazil has recently joined their stance, signaling concern over China’s dominance.

• Instead, these nations favor a multicurrency system—a basket of local currencies that can collectively compete with the U.S. dollar, rather than relying on one nation’s currency.

Why It Matters

The internal split highlights a key challenge for BRICS: while members agree on reducing dependence on the dollar, they do not agree on letting the yuan replace it.
Without consensus, China’s vision of a yuan-centered BRICS reserve faces significant hurdles, leaving the bloc’s true de-dollarization strategy still in flux.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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We’re Near Endgame, Ponzi to Blow up or Collapse

We’re Near Endgame, Ponzi to Blow up or Collapse

Liberty and Finance:   8-23-2025

Have you ever really stopped to consider what money is? Is it just government-issued paper? A digital entry on a screen? Or is there something more fundamental at play?

A recent, eye-opening discussion between Kaiser Johnson from Liberty and Finance and Phil Low dives deep into these very questions, challenging conventional wisdom about monetary theory and offering crucial insights into our current economic landscape.

 If you thought you knew money, this conversation will make you think again.

For many, the prevailing idea is the “sovereign force theory”—the belief that money’s value comes from government decree and its ability to enforce taxation. But Phil Low, drawing on the Austrian school of economics, presents a compelling counter-argument: money isn’t imposed; it emerges naturally as the most liquid commodity to solve the “coincidence of wants” problem in trade.

Imagine trying to barter for everything you need! Money simplifies this. Phil uses vivid analogies, from seashells to “life certificates” and the stark reality of coercion, to illustrate that tokens enforced by force do not truly monetize.

They may be instruments of taxation, but they fail to become a true medium of exchange beyond that specific use case. The market, in its wisdom, seeks out the most desirable, divisible, and durable commodity to facilitate trade.

The discussion then takes us on a historical tour, emphasizing that from ancient times right up to August 1971, the world’s economies largely operated on a gold and silver standard.

This wasn’t a fluke; it was a testament to the market’s natural gravitation towards these precious metals as reliable forms of money.

What’s truly fascinating is their analysis of the supposed “departure” from the gold standard in 1971.

They argue that this move didn’t cause a sudden repricing of goods, as one might expect from a purely fiat system. Instead, the system has remained effectively gold-backed, not through direct convertibility, but through credit expansion, artificially extending the prior gold-based system rather than truly becoming the “sovereign fiat system” most commonly believe it to be. This is a subtle yet profound distinction that upends traditional narratives.

When it comes to precious metals, there’s a critical distinction. Monetary metals like gold, silver, and copper are standardized, stamped, and recognized as currency, making them easy to trade. Think of a gold coin. 

Non-monetary metals, conversely, are jewelry, artifacts, or raw forms – beautiful, perhaps, but less liquid in trade. In a crisis, the ease of valuation and transaction makes monetary forms vastly preferable. This nuance is crucial for anyone considering precious metals as a safeguard.

The conversation shifts to the urgent present, highlighting the extreme volatility in financial markets. Phil Low describes the Federal Reserve’s current efforts as struggling to maintain a “Ponzi-like scheme,” printing exponentially increasing amounts of fiat currency to prop up failing banks and government debt. This desperate measure results in wild swings in interest rates and market panic, further exacerbated by conflicting opinions on Fed policy.

This isn’t just academic talk; it’s a warning. Phil advises viewers to prepare by holding monetary gold and silver alongside some paper dollars. His critical caution: do not rely on last-minute conversions or attempt to “trade the crash,” as the risks are simply too extreme. Early, calm preparation is paramount.

The discussion also briefly touches on the ever-expanding role of government and the increasing complexity of the state’s involvement in the economy, further complicating the financial landscape.

Kaiser Johnson and Phil Low offer practical advice on acquiring and holding precious metals, emphasizing the importance of understanding why you’re doing it and how to do it safely. Phil promotes his channel and resources, inviting those interested to delve deeper and prepare thoughtfully for what may lie ahead.

This isn’t just a video about economics; it’s a call to re-evaluate our foundational beliefs about money and to calmly, yet urgently, prepare for the financial future.

https://youtu.be/13S3IkVUe2A

Iraq Economic News and Points To Ponder Sunday Morning 8-24-25

Mazhar Saleh: Iraq's Foreign Reserves Provide Exceptional Stability For The National Currency.

Time: 2025/08/22 Read: 1,335 times   {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that the Central Bank of Iraq enjoys substantial foreign reserves that represent the primary backing for the national currency. These reserves are managed within a diversified foreign currency investment portfolio in accordance with the highest standards of global banking efficiency and professionalism.

Saleh added in an interview with Al Furat News Agency that "the ability of these reserves to meet external demand for foreign currency for the purposes of financing import trade is one of the primary indicators of their efficiency," noting that "the global standard for financing trade from central bank reserves is three months' coverage, while Iraq has an exceptional capacity of up to twelve months."

He pointed out that "this level reflects a high degree of stability in the foreign exchange market, despite the temporary pressures on the current account of the balance of payments due to the relative contraction in oil prices," noting that oil revenues continue to constitute the main pillar in the formation and accumulation of these strategic reserves.

Saleh explained that "the Central Bank largely controls the foreign exchange market by imposing an official exchange rate of 1,320 dinars per dollar for the dinar. This has contributed to keeping the annual inflation rate below 3%, which falls within what is known as the normal range for the general price level or the natural price break-up in the country." He emphasized that this represents the highest levels of stability targeted by Iraqi monetary policy.  LINK

Fluctuations In Exchange Rates In Baghdad

economy | 12:00 - 08/23/2025   Mawazine News - Baghdad -  The dollar exchange rate witnessed new fluctuations in the capital's markets on Saturday.

The exchange rate for $100 in exchange shops reached 143,500 dinars for sale, compared to 141,500 dinars for purchase.  The exchange rate on the Baghdad Stock Exchange also reached 142,450 dinars. https://www.mawazin.net/Details.aspx?jimare=265594

A Crisis Of Confidence And Banking Red Tape... Why Do Iraqis Keep Billions Of Dollars At Home?

Time: 2025/08/23 Reading: 375 times   {Economic: Al Furat News} Economic expert Nabil Al Marsoumi confirmed that citizens' retention of up to 80% of their cash balance in their homes is due to a number of reasons, most notably the crisis of confidence between banks and citizens.

Al-Marsoumi told Al-Furat News: "This crisis has worsened after the Central Bank recently announced that 10 banks were unable to return citizens' financial deposits, a situation that had previously occurred with another group of banks."

He also considered that "red tape is a major reason why citizens are unable to withdraw their entire amounts of money, as banks divide them into portions, which is unacceptable."

Al-Marsoumi added, "The complexities, mistreatment, and difficulty in recovering deposited funds are all factors that prevent citizens, especially merchants and contractors, from depositing their money in banks."

The expert concluded his remarks by emphasizing "the need for banks to develop their interactions with the public to build mutual trust," noting that "the current situation stems from a loss of confidence in the banking system and its complex procedures."   LINK

The Prime Minister Directs The Completion Of The Final Draft Of The Iraq 2050 Vision.

Saturday, August 23, 2025, | Economic Number of reads: 219   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani directed the completion of the final draft of the (Iraq 2050) vision.

A statement by his media office said that Prime Minister Mohammed Shia Al-Sudani directed, today, Saturday, the Supreme National Committee for Strategies in Iraq, to ​​proceed with completing the implementation of the requirements of the comprehensive long-term national vision (Iraq 2050 - Towards Development and the Future), which paves the way for a strategic transformation in the Iraqi state system at various developmental, economic, administrative, digital technology and artificial intelligence levels.

Al-Sudani stressed, during his meeting with the Chairman of the Supreme National Committee for Strategies in Iraq, that the implementation of the anticipated vision should elevate the Iraqi reality and its specificities, as it represents a strategic roadmap that establishes a new national contract, restores confidence in institutions, and ensures the participation of all segments of society in shaping the country's future, away from immediate policies and reactions.

This directive comes in implementation of the vision presented by the Prime Minister in the ministerial program, within the framework of establishing a new era of sound forward-looking planning, redrawing the features of Iraq over the next three decades, based on the standards of sustainable development, social justice, digital transformation, and integrated sovereignty over decisions and resources. /End https://ninanews.com/Website/News/Details?key=1247915

It Has Risen In A Short Period. An Economist Warns Of The Risks Of Iraq's Internal Debt.

Economy | 08/23/2025  Mawazine News - Baghdad –  Economic expert Nabil Al-Marsoumi warned on Saturday of the escalating risks of Iraq's domestic debt, which has witnessed a rapid increase in a short period, which could affect the state's ability to finance itself and ensure sustainable financial performance.

Al-Marsoumi said in a clarification monitored by Mawazine News, "Iraq's domestic debt rose from 70.575 trillion dinars at the end of 2023 to 83 trillion dinars at the end of 2024, then rose at the end of the first half of 2025 to 92.2 trillion dinars, 47% of which was deducted from remittances at the Central Bank of Iraq."

He added that this domestic debt, which finances the budget deficit resulting from excessive operating spending, has several negative repercussions, which can be summarized as follows:

- A decrease in the real value of government financial assets and the loss of the government's ability to repay.

- Deepening the rentier nature of the economy and neglecting strategic investment.

- Increasing the burden on the general budget and worsening the deficit.

- Pushing inflation rates higher if this is not coordinated with monetary policy.

- Weakening the tools and control of the monetary authority.

- Declining economic growth as a result of the banking sector's allocation of government debt instruments instead of the private sector.

- Increased domestic debt service burdens, reaching 9.342 trillion dinars in 2024, could impact the standard of living if essential social spending is reduced.

These indicators confirm that domestic debt is no longer merely a temporary financing tool for the budget deficit, but rather a growing pressure factor on the macroeconomy.

Most loans go to cover operating expenses, without corresponding growth in productive investments, widening the gap between oil revenues and current spending.

 According to economists, the continuation of this trend deepens the budget's vulnerability to any shocks in oil prices and increases the state's dependence on domestic borrowing, which consumes a growing portion of its resources.  https://www.mawazin.net/Details.aspx?jimare=265600

New Deadline For Iraqi Banks To Lift Sanctions

economy | 07:58 - 08/22/2025   Mawazine News / Follow-up on granting Iraqi banks a “rescue period”.. After the banks rejected the American “Oliver Wyman” plan following sharp disagreements between the Iraqi Private Banks Association and the Central Bank of Iraq, and their rejection of the banking reform paper approved by the bank based on the plan of the American consulting company “Oliver Wyman”, and Al-Sudani’s resort to Washington in search of a solution, “Oliver Wyman” approved amendments to its terms within a “rescue plan” for the banks, which included the following:

- Extending the period for submitting pledges to September 30th instead of the end of August, taking into account “flexibility” in implementing the banking reform plan.

- Expanding the timeframe for capital increases from 200 billion to 400 billion dinars gradually over four phases, at a rate of 50 billion dinars annually until 2028.

- Raising the conditions for family ownership from 10% to 40% of the bank's portfolio size, which will give private banks greater opportunities to engage in the reform plan and escape the restrictions on dealing in dollars imposed by the Federal Reserve and the Treasury Department, starting in early 2029.

- Banks that are unable to join the reform process will be allowed to operate exclusively in the Iraqi dinar, without their licenses being revoked.   https://www.mawazin.net/Details.aspx?jimare=265562

Due to terrorist threats, the US embassy in Baghdad sounds the alarm.

A wish |  08/23/2025   Mawazine News – Baghdad  The US Embassy in Baghdad expressed its concern on Saturday about the ongoing operations and regional expansion of the terrorist organizations ISIS and al-Qaeda.

The embassy stated in a tweet on the "X" platform, "The United States continues to prioritize partnerships with allies and regional actors in counterterrorism, as we express our deep concern about the ongoing operations and regional expansion of ISIS and al-Qaeda."

It added: "The United States also commends the UN member states that have maintained counterterrorism pressure in Iraq, Syria, and Somalia, which has limited ISIS operations." https://www.mawazin.net/Details.aspx?jimare=265607 

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-24-25

Good Morning Dinar Recaps,

US Treasury’s DeFi ID Plan Sparks Privacy and Decentralization Concerns

The U.S. Treasury is weighing a controversial proposal that could fundamentally reshape decentralized finance (DeFi). As part of its new mandate under the GENIUS Act, the Treasury is exploring whether identity checks should be embedded directly into DeFi smart contracts.  While supporters argue this could block illicit finance, critics warn it risks turning permissionless systems into government-gated networks.

The Proposal

• Under the GENIUS Act, signed into law in July, the Treasury must evaluate new compliance tools for crypto markets.

• One idea: require DeFi protocols to automatically verify government IDs, biometrics, or digital wallet certificates before allowing transactions.

• Proponents say this would integrate KYC/AML checks directly into blockchain infrastructure, making it harder for criminals to exploit anonymity.

Fraser Mitchell, Chief Product Officer at AML provider SmartSearch, noted:

“Real-time monitoring for suspicious activity can make it easier for platforms to mitigate risk and prevent money launderers from using their networks.”

Privacy and Surveillance Risks

Critics say embedding ID at the protocol level could hollow out the essence of DeFi:

• Mamadou Kwidjim Toure, CEO of Ubuntu Tribe, compared it to “putting cameras in every living room.”

• Tying blockchain wallets to government IDs risks making every transaction permanently traceable to real-world identities.

• This could open doors to censorship, blacklisting, or even automated tax collection directly through smart contracts.

Toure warned:

“Financial freedom relies on the right to a private economic life. Embedding ID erodes that and creates dangerous precedents.”

Exclusion and Security Challenges

• Billions of people worldwide lack government-issued ID. A hard requirement could lock out refugees, migrants, and the unbanked.

• Data security risks escalate if biometric and financial data are linked—making breaches catastrophic.

Alternatives Exist

Experts argue the choice isn’t between crime havens and mass surveillance.

• Zero-knowledge proofs (ZKPs): Users can prove compliance (e.g., over 18, not sanctioned) without revealing identity.

• Decentralized Identity (DID) standards: Allow users to hold verifiable credentials and selectively disclose only what’s needed.

Toure summarized:

“Instead of static government IDs, users should hold verifiable credentials they selectively disclose.”

The Bigger Picture

The Treasury’s DeFi ID plan raises urgent questions:

• Can compliance be achieved without dismantling DeFi’s open, permissionless foundations?

• Will embedding government-controlled identity tools erode decentralization and limit financial freedom?

• Or can privacy-preserving technologies provide a middle path that balances security with autonomy?

As the GENIUS Act unfolds, these debates may determine whether DeFi remains a tool for global financial inclusion—or evolves into a tightly surveilled extension of traditional finance.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

“Good Sign” as Asset Managers Update XRP ETF Applications Following Ripple Court Resolution

The race for a spot XRP ETF gained momentum after several major asset managers filed amended applications with the U.S. SEC on the same day—just as a federal appeals court officially closed the Ripple case.

Multiple Updates Signal Progress

On August 22, CoinShares, Grayscale, Canary, Franklin, WisdomTree, Bitwise, and 21Shares updated their S-1 filings with the SEC for spot-based XRP exchange-traded funds (ETFs).

• The amendments introduce greater structural flexibility, including allowing XRP or cash creations and cash or in-kind redemptions.

• Analysts suggest the changes likely reflect direct SEC feedback, potentially increasing approval chances.

Analysts Call It a “Good Sign”

Bloomberg ETF analyst James Seyffart said the coordinated filings strongly suggest issuers are responding to regulator guidance, calling the move a “good sign.”

Similarly, Nate Geraci, President of NovaDius Wealth Management, emphasized that simultaneous updates are a positive signal that the applications are advancing in the SEC review process.

Legal Clarity Removes Barriers

The timing coincided with the Second Circuit Court’s approval of a joint request by Ripple and the SEC to withdraw their appeals—effectively ending the long-running case.

Community figure All Things XRP argued the decision puts XRP in the same regulatory category as Bitcoin and Ethereum, clearing a key legal hurdle. He estimated that XRP ETF approval odds may now be as high as 95%.

Following the news, XRP surged to $3.08, with trading volumes spiking as whales accumulated large amounts of the token.

XRP’s Path Mirrors Bitcoin’s ETF Journey

Observers note that XRP is now following a trajectory similar to Bitcoin’s:

1. Regulatory clarity.

2. Wave of ETF applications.

3. Price rally fueled by institutional demand.

With the SEC facing an October 2025 deadline to decide on several applications—including those from Grayscale, Bitwise, and 21Shares—analysts believe approval could spark billions in institutional inflows.

Although BlackRock has yet to file, estimates suggest existing issuers could attract over $5 billion into XRP ETFs if approvals move forward.

@ Newshounds News™
Source: The Crypto Basic

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Gemini About to Launch the World’s First XRP-Linked Mastercard

Gemini has ignited speculation with a bold billboard hinting at an XRP Mastercard launch on August 25, sparking excitement across the crypto community and fueling a sharp rise in XRP’s price.

A Teaser That Turned Heads

The buzz began when Gemini shared an image of a massive New York City billboard reading “Prepare your bags” alongside the date August 25, 2025.

• The cryptic message immediately triggered theories of an XRP-branded Mastercard, though no official confirmation has been made.

• Gemini already offers a crypto rewards card, leaving some skeptical while others view this as a major step toward XRP’s mainstream adoption.

Ripple, Gemini, and Mastercard: A Possible Alliance

Unverified reports suggest a potential partnership between Ripple, Gemini, and Mastercard, with WebBank as the likely issuer to meet U.S. compliance requirements.

• John Deaton, a prominent crypto lawyer, suggested the card could outperform existing crypto-linked payment cards.

• Meanwhile, veteran XRP investor WrathofKahneman urged caution, reminding the community that speculation should not be mistaken for fact.

XRP Price Surges Past $3

The speculation arrives as XRP continues its rally:

• XRP climbed 8% in 24 hours, reaching $3.04, and outperforming Bitcoin.

• The surge follows a major milestone—the joint dismissal of the long-running SEC lawsuit against Ripple, which restored legal clarity to the token.

• Growing anticipation of an XRP ETF has also bolstered momentum, with many predicting significant institutional inflows if approved.

Why This Matters

If confirmed, the Gemini XRP Mastercard would mark a historic breakthrough for XRP’s real-world adoption, blending crypto payments with a globally recognized financial brand. Combined with legal clarity and the possibility of an ETF, this move could push XRP further into mainstream finance than ever before.

@ Newshounds News™
Source: Coinpedia 

  ~~~~~~~~~

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“Tidbits From TNT” Sunday Morning 8-24-2025

TNT:

Tishwash:  A US delegation visits Baghdad to discuss a number of issues. Withdrawal is on the table. 

A high-level US delegation is scheduled to visit the Iraqi capital, Baghdad, in the coming days to discuss a range of issues with Iraqi officials.

According to an informed source who spoke to Shafaq News Agency, the delegation will discuss the US withdrawal from its main bases in Iraq and its repercussions, in addition to an economic file and another related to energy.

The US delegation is also scheduled to visit the Kurdistan Region, according to the source, to discuss several issues, including the repercussions of the recent events in Sulaymaniyah.

Relations between the United States and Iraq have been at a diplomatic standstill since Donald Trump took office. Communication and meetings have been limited to the Chargé d'Affaires of the US Embassy in Baghdad, Stephen Fagin, and a single call received by Prime Minister Mohammed Shia al-Sudani from Secretary of State Marco Rubio.

This comes as the first phase of the US-led international coalition's withdrawal from Iraq has begun, with a US military convoy already departing Ain al-Asad base for Syria last Monday.

The schedule includes the withdrawal of international coalition forces from Ain al-Asad base and Baghdad by the end of September 2025, with a portion of them being transferred to Erbil and Kuwait. Meanwhile, the number of troops will gradually decrease from approximately 2,000 to less than 500 in Erbil.  link

Tishwash:  US delegation to visit Iraq as troop withdrawal advances

A senior US delegation is due in Baghdad in the coming days for talks on the withdrawal of American forces as well as economic and energy issues, a source told Shafaq News on Saturday.

The group is also scheduled to travel to the Kurdistan Region to address several files, including the recent unrest in al-Sulaymaniyah, the source added.

The visit coincides with the start of the Global Coalition’s drawdown. Earlier this week, a US convoy left Ain al-Asad base for Syria, with full withdrawals from Ain al-Asad and Baghdad planned by the end of September 2025. The American troop presence will then shrink from around 2,000 to fewer than 500, concentrated mostly in Erbil.  link

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Tishwash:  US Forces in Sudden Withdrawal from Ain al-Asad, Victory Bases in Iraq

US forces began a sudden, phased withdrawal from Ain al-Asad and Victory bases in Iraq on Sunday following an embassy order, a top Iraqi official told Kurdistan24. Some troops have been moved to Erbil. The full evacuation is expected within days.

as of 3:11 am PDT  

 American military forces have initiated a sudden withdrawal from the major Ain al-Asad and Victory Base Complex (VBC) in Iraq, a high-level source within the Iraqi government told Kurdistan24 exclusively on Sunday.

The withdrawal began this morning following what the source described as an order issued by the American Embassy in Baghdad.

According to the source, the withdrawal is being conducted in phases. A portion of the American soldiers departed from both bases this morning, with a complete evacuation of the two sites expected to be finalized within the next few days.

The source stated that the Ain al-Asad base housed approximately 2,000 American soldiers, while Victory Base Complex (VBC), located within the perimeter of Baghdad International Airport, is occupied by an additional number of soldiers.

It was also indicated by the source that a portion of the military personnel who have withdrawn have been transferred to Erbil.  link

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Tishwash:  Economist: Raising Iraq's Credit Rating Is Key to Attracting Investment and Reducing Borrowing Costs

 from telegram

Economic expert Ahmed Abd Rabbo stressed that improving Iraq's credit rating represents a pivotal step toward reducing sovereign loan interest and boosting foreign investor confidence. He noted that most international investments do not flow to a country unless its credit rating is satisfactory and high.

Abd Rabbo explained in an interview with ABC Arabic that raising a country's credit rating sends a positive signal to global financial institutions and contributes to increased investment. He noted that the Iraqi government, in coordination with the Central Bank, is moving toward reforming the banking system, considering it "the primary interface of the economy." A strong economy cannot be built without a banking system capable of meeting market and financing needs.

He added that improving the rating is not impossible, but it requires comprehensive practical steps, starting with diversifying sources of income and strengthening non-oil sectors such as agriculture, industry, and services, along with financial reforms that reduce the deficit and control public spending.

He stressed that political and security stability are essential pillars, as international financial institutions assess Iraq's ability to simultaneously repay and manage risks. This makes progress in combating corruption and enhancing financial transparency crucial factors in improving investor confidence.

Abd Rabbo explained that improving the credit rating has positive repercussions and enhances confidence in the national economy, which contributes to achieving broader monetary and financial stability and consolidates Iraq's position in the global financial system.

Mot: . The most beautiful season ever is just around the corner! 

Mot: How is my brain like this !!!!???? 

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-23-25

Good Afternoon Dinar Recaps,

France Signals Support for India’s 2026 BRICS Presidency

French President Emmanuel Macron has pledged full support to India’s BRICS 2026 Presidency, signaling a possible breakthrough for European engagement with the bloc.

Macron and Modi’s Strategic Call

During a Thursday phone call, Macron and Indian Prime Minister Narendra Modi discussed:

• India’s BRICS 2026 Presidency and France’s willingness to support it.

• The Russia-Ukraine conflict, following former U.S. President Trump’s meeting with Vladimir Putin in Alaska.

• Expanding France–India trade ties across multiple sovereignty-critical sectors.

Macron emphasized: “We agreed to work closely together in preparation for the French presidency of the G7 and India’s presidency of BRICS in 2026.”

Could France Attend the BRICS 2026 Summit?

• India will host the BRICS 2026 Summit, and speculation is rising that France may receive a formal invitation.

• France previously attempted to attend the 2023 BRICS Summit in Johannesburg, but its request was rejected, reportedly due to opposition from China and Russia.

• With India’s leadership, insiders believe the door may open for a European guest presence at BRICS for the first time.

West-East Realignment in Motion

The Macron–Modi call comes as global alliances shift:

• The U.S. has imposed tariffs on nearly all European allies, including France.

• These trade conflicts are nudging Europe closer to Asian partners.

• Even Australia is signaling cooperation, sending mixed signals to China about the balance of power.

France–India Partnership Strengthening

Macron reaffirmed France’s strategic commitment:

“We agreed to strengthen our economic exchanges and our strategic partnership in all areas — this is the key to our sovereignty and independence.”

If invited to attend the BRICS 2026 Summit, France would become the first European nation to participate—a symbolic step toward bridging East and West at a time of deep geopolitical fragmentation.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Saturday 8-23-2025

TNT:

Tishwash: Mazhar Saleh: Iraq's foreign reserves provide exceptional stability for the national currency.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that the Central Bank of Iraq enjoys substantial foreign reserves that represent the primary backing for the national currency. These reserves are managed within a diversified foreign currency investment portfolio in accordance with the highest standards of global banking efficiency and professionalism.

Saleh added in an interview with Al Furat News Agency that "the ability of these reserves to meet external demand for foreign currency for the purposes of financing import trade is one of the primary indicators of their efficiency," noting that "the global standard for financing trade from central bank reserves is three months' coverage, while Iraq has an exceptional capacity of up to twelve months."

He pointed out that "this level reflects a high degree of stability in the foreign exchange market, despite the temporary pressures on the current account of the balance of payments due to the relative contraction in oil prices," noting that oil revenues continue to constitute the main pillar in the formation and accumulation of these strategic reserves. 

Saleh explained that "the Central Bank largely controls the foreign exchange market by imposing an official exchange rate of 1,320 dinars per dollar for the dinar. This has contributed to keeping the annual inflation rate below 3%, which falls within what is known as the normal range for the general price level or the natural price break-up in the country."

He emphasized that this represents the highest levels of stability targeted by Iraqi monetary policy.   link

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

Tishwash:  Al-Sudani discusses with Halliburton the development of Basra fields and the expansion of associated gas investment.

Prime Minister Mohammed Shia al-Sudani received a delegation from the American company Halliburton on Thursday, headed by Shannon Slocum. The two discussed ways to enhance cooperation in the oil and gas sector and develop Iraqi fields using the latest global technologies. The company affirmed its commitment to supporting national cadres and expanding its investments in Basra.

Prime Minister Mohammed Shia al-Sudani received today, Thursday, the President of the American oil and energy technology company Halliburton, Mr. Shannon Slocum, and his accompanying delegation.

Mr. Al-Sudani emphasized that the presence of major oil companies in Iraq reflects the government's commitment to the country's energy sector and its efforts to develop it according to modern international standards and through the best energy companies. He emphasized the government's vision for developing the oil and gas sectors and its commitment to ensuring that development takes place with the highest possible capabilities provided by advanced technology, as well as Iraq's continued expansion of its use of associated gas and the production of petroleum derivatives.

His Excellency pointed out the importance of expanding the scope of work with Halliburton, given its expertise and capabilities in the fields of extraction and refining, and its possession of modern global technologies. He affirmed his support for the company's work in developing the Nahr Bin Omar and Sindbad fields in Basra Governorate.

For his part, Mr. Slocum affirmed Halliburton's interest in operating in Iraq, given the country's progress across all sectors, its stability, and its openness to major international industrial companies. He explained that the company is committed to providing the latest technological developments for oil and gas fields, after finalizing the contract model.

He also stated that the company will employ modern administrative and technical methods in its work, and is committed to developing the skills of the Iraqi cadres working with it.  link

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

Tishwash:  A Second Term Hanging by a Thin Thread: Al-Sudani Swings Between Washington and Domestic Allies

Al-Masala: Prime Minister Mohammed Shia al-Sudani faces an early test as he seeks a second term, amid intensifying US pressure to end the influence of armed factions. Meanwhile, these factions insist on remaining a strategic shield in the national security equation.

 The scene reveals a complex battle, where domestic considerations intersect with external dictates. The upcoming elections are becoming an indirect battleground for the struggle over the identity of the Iraqi state between the "government centralization" project and the "armed pluralism" project, which constitutes an extension of the post-2003 balance of power.

 A report by the American Soufan Institute indicates that the recent clashes in the Dora district of Baghdad have once again highlighted the duality of power between official state institutions and the centers of influence represented by the factions. This reflects the political system's inability to resolve the debate over who ultimately holds the sovereign decision.

 Observers believe that these factions are not merely military arms, but rather a deeply rooted social structure supported by a broad segment of the Shiite community, which still recalls the experience of ISIS's invasion of large swaths of Iraq in 2014 and the subsequent expansion of the factions as a rescue force in the face of an existential threat.

 Al-Sudani's government is trying to strike a balance between reassuring Washington and its regional partners that Iraq is capable of asserting its security sovereignty, while at the same time avoiding a rupture with the factions, which represent a political pillar within the Coordination Framework, their primary incubator. 

The approaching general elections in November require Al-Sudani to carefully consider his options. The continued fragile balance may give him additional time to regroup, but it also increases the risks if Washington decides to increase the pressure or if the factions choose to test their strength on the street.

For Al-Sudani, the battle for a second term appears to hinge on his ability to market himself as a man of possible consensus. However, he realizes that his image as a "statesman" versus a "factionalist" may determine his political future more than the ballot box.  link

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Iraq Economic News and Points To Ponder Friday Evening 8-22-25

An Economist Predicts The Next Government Will Change The Dollar Exchange Rate, And Explains The Reasons.
 
Time: 2025/08/20 Reads: 3,240 Times  {Economic: Al Furat News} Economists expect   the next government to resort to   an official devaluation of the Iraqi dinar against the US dollar, as   a potential solution to address the increasing financial burdens,  most notably the massive government payroll.

Economic expert Nabil Al Marsoumi told Al Furat News that "the payroll accounts for the largest portion of oil revenues, leaving little for  upgrading infrastructure or     basic services." 

Al Marsoumi believes that   devaluing the currency will provide greater financial revenues in dinars, which   will help the government cover salary expenses. 

He added that this option may be one of the necessary measures the new government may take,  especially in light of the current oil prices that threaten to hinder the country's economic development prospects.
 
Experts emphasize that sustainable solutions lie in     diversifying sources of public revenue and
 eliminating total reliance on oil, in order  to ensure long-term stability for the Iraqi economy.  
  
https://alforatnews.iq/news/خبير-اقتصادي-يتوقع-توجه-الحكومة-المقبلة-لتغيير-صرف-الدولار-ويوضح-الأسباب 

New Deadline For Iraqi Banks To Lift Sanctions
 
Economy | 22/08/2025   Mawazine News / Follow-up  Iraqi banks granted a "rescue period" after they rejected Oliver Wyman's plan.
 
Following sharp disagreements between the-  Iraqi Private Banks Association and the  Central Bank of Iraq,  and their rejection of the banking reform paper  approved by the bank  based on a plan by the

 American consulting firm Oliver Wyman, and   Al-Sudani's resort to Washington in search of a solution,
 
Oliver Wyman approved amendments to its terms as part of a "rescue plan" for the banks,
which included the following:
 
The deadline for submitting pledges has been extended to September 30,
 instead of the end of August,  in consideration of "flexibility" in implementing the banking reform plan.
 
- Expanding the timeframe for increasing capital from 200 to 400 billion,
     gradually over four phases,   at a rate of 50 billion dinars annually until 2028.
 
- Raising the requirements for family ownership from 10% to 40% of a bank's portfolio,     which will give private banks greater opportunities to  engage in the reform plan and  escape the restrictions on dollar transactions imposed by the   Federal Reserve and the Treasury Department, by early 2029.
 
Banks that fail to join the reform process will be allowed to operate exclusively in Iraqi dinars,
  without their licenses being revoked.  https://www.mawazin.net/Details.aspx?jimare=265562   

L-Ghariri: Iraq Is Now In An Advanced Position To Join The World Trade Organization.
 
Friday, August 22, 2025 | Economic  readings: 565   Baghdad / NINA / Minister of Trade Athir Al-Ghariri announced that 
Iraq has completed the technical files to join the World Trade Organization.
 
Al-Ghariri said in a statement:   "Iraq has completed all the technical files required to join the World Trade Organization,  after a negotiating process that spanned more than twenty years, during which Iraq faced numerous challenges and delays." 

He added, "This achievement was made during the lifetime of the current government,   through intensive qualitative efforts that surpassed what was accomplished in all previous stages combined," stressing,
 
"Iraq is now in an advanced position paving the way for fulfilling the requirements for full membership." 
 
The Minister of Trade explained:
 
"The national team concerned with accession, in coordination with the   relevant ministries and
  sectoral bodies and in  partnership with international institutions,   has completed the review and updating of all technical files, which include: the   foreign trade system memorandum, the   legislative implementation plan,   agricultural support tables, the   import licenses file,   customs valuation, in addition to the  sanitary and phytosanitary (SPS) and   technical barriers to trade (TBT) files."

He continued:  "The team also prepared accurate answers to (175) questions and inquiries submitted by the member states of the organization,
 
while the Iraqi customs system was updated  to the latest version in line with international standards and   enhancing Iraq's readiness for the next stages." 

He stressed: "The files will be officially submitted to the World Trade Organization Secretariat
     through diplomatic channels,   in preparation for the next meeting of the working group."  
  
https://ninanews.com/Website/News/Details?Key=1247648  

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 8-23-25

Good Morning Dinar Recaps,

Fed Chair Powell Signals September Rate Cut, Warns on Inflation Risks

Federal Reserve Chair Jerome Powell’s Jackson Hole speech provided clarity for traders on U.S. monetary policy, confirming a likely September rate cut while warning about inflation risks. His remarks lifted both stock markets and crypto assets, even as he ruled out a long series of cuts.

A Likely Cut, But With Caution

Powell told the audience that U.S. monetary policy is already “in restrictive territory.”

• Risks around jobs and inflation are shifting.

• He acknowledged that “downside risks to employment are increasing” but stressed the labor market remains strong and the economy has shown resilience.

• For this reason, the Fed is not ready to commit to multiple cuts after September.

Tariffs Put Pressure on Prices

A central concern for Powell is the inflationary impact of tariffs.

• “The effects of tariffs on consumer prices are now clearly visible,” he said.

• The Fed expects these effects to accumulate over the coming months with high uncertainty.

• Powell cautioned that while some price pressures may be temporary, the risk of stagflation—high inflation combined with weaker growth—is real and something the Fed intends to avoid.

Fed Updates Its Playbook

Powell also announced a significant shift in the Fed’s operating framework.

• The central bank has dropped its 2020 “makeup strategy,” which allowed inflation to overshoot the 2% target.

• It has returned to a flexible inflation-targeting approach designed to keep long-term expectations anchored.

• “Our revised statement emphasizes our commitment to act forcefully to ensure that longer-term inflation expectations remain well-anchored,” Powell said.

This adjustment reflects changes in the U.S. economy over the past five years, including higher inflation pressures and major shifts in trade, tax, and immigration policy.

Market and Crypto Reaction

Markets reacted positively to Powell’s remarks.

• The Dow Jones surged more than 600 points, closing at a record high of 45,548.

• U.S.-listed crypto stocks climbed, as lower interest rate expectations tend to improve liquidity and risk appetite.

For digital assets, Powell’s cautious signal is key: while lower rates support crypto markets, the Fed’s guarded stance on inflation means the path ahead remains uncertain.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

Fed Governor Waller: Embrace Blockchain and Payment Innovations

Federal Reserve Governor Christopher Waller called on the central bank to embrace new technologies—including blockchain, stablecoins, and digital assets—arguing they are essential for the future of payments and U.S. dollar strength.

A Technology-Driven Revolution in Payments

Speaking at the Wyoming Blockchain Symposium 2025, Waller said the U.S. payments system is undergoing a “technology-driven revolution” fueled by advances in computing power, data processing, and distributed networks.

While some remain skeptical of these changes, Waller stressed that the history of payments has always been defined by technological progress.

Stablecoins and the U.S. Dollar’s Global Role

Waller highlighted stablecoins as a particularly important innovation.

• They can support the international role of the U.S. dollar, ensuring it remains the anchor currency in global finance.

• Stablecoins also have the potential to improve both retail and cross-border payments, making transactions faster and more efficient.

“The technologies available today might be new, but leveraging innovative technology to build new payment services is not a new story,” Waller noted.

Fed and Private Sector Collaboration

According to Waller, the reliability of the U.S. payments system has historically come from partnerships between the Federal Reserve and private industry.

• The Fed should continue to embrace innovation to modernize its services.

• Stronger engagement with fintech innovators and the digital asset ecosystem will help ensure the U.S. financial system remains competitive and resilient.

“It is important for the Federal Reserve to continue to embrace technological advancements to modernize its services and continue to support private sector innovation… particularly as there is increased convergence between the traditional financial sector and the digital asset ecosystem.”

@ Newshounds News™
Source: The Daily Hodl

~~~~~~~~~

Ripple vs SEC Lawsuit Officially Ends After Appeals Dismissed

The nearly five-year legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially come to a close, as the Second Circuit Court dismissed both parties’ appeals.

Court Confirms Dismissal

According to a one-page filing shared by defense lawyer James K. Filan, the Second Circuit approved the joint stipulation by Ripple and the SEC to withdraw their appeals.

The order, signed by Clerk Catherine O’Hagan Wolfe, was marked simply as “So Ordered”—effectively bringing one of the most high-profile cases in crypto history to an end.

Background on the Appeals

• In October 2024, the SEC appealed Judge Analisa Torres’ ruling that Ripple’s programmatic XRP sales and certain distributions were not investment contracts.

• Ripple, in turn, cross-appealed the part of the case it lost, challenging the decision that institutional sales of XRP violated securities laws.

Judge Torres imposed a $125 million fine and a permanent injunction restricting Ripple from institutional XRP sales without SEC registration.

When a new pro-crypto administration took office in January, both Ripple and the SEC agreed to settle by reducing penalties and removing restrictions. However, Judge Torres denied the proposed revisions, leaving both parties to formally withdraw their appeals.

What the Final Judgment Means

• The lower court rulings remain intact, including Judge Torres’ finding that XRP itself is not a security.

• Ripple must pay the $125 million fine, already held in escrow, to the SEC.

• Future institutional XRP sales must be registered with the SEC to comply with securities laws.

Ripple and XRP Moving Forward

For investors, this closure removes one of the largest uncertainties hanging over XRP since the SEC’s lawsuit began in December 2020.

With the case resolved, XRP has rallied alongside the broader crypto market:

• Price: $3.03 (up 5.82% in the past 24 hours)

• Market Cap: $180.29 billion

This development secures Ripple’s legal position in the U.S. while allowing the company to focus on its global payments and stablecoin expansion strategy.

@ Newshounds News™
Source: The Crypto Basic   

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-22-25

Good Afternoon Dinar Recaps,

Currency Wars: BRICS SWIFT Alternative vs. U.S. GENIUS Act Stablecoin Strategy

The global financial order is entering a new phase of intense competition. On one side, BRICS nations are building a SWIFT alternative designed to bypass Western-controlled payment systems. On the other, the United States is advancing the GENIUS Act, which cements the role of USD-backed stablecoins in international finance.

Together, these initiatives mark a historic confrontation over the future of payments, trade, and monetary dominance.

BRICS SWIFT Alternative: The Push for De-Dollarization

At the 17th BRICS Summit in Rio de Janeiro, leaders formally unveiled plans for a new cross-border payment system. This initiative is framed as a direct alternative to SWIFT and represents the most serious challenge yet to U.S. financial dominance.

Key features of the BRICS system include:

• Integration of Russia’s SPFS, China’s CIPS, and India’s UPI networks

• A decentralized messaging framework capable of processing 20,000 transactions per second

• No mandatory transaction fees and flexible currency conversion options

The BRICS plan is rooted in the need for financial independence. U.S. sanctions, particularly on Russia, have accelerated efforts to create a parallel system free of Western influence. If successful, the BRICS payment system could reduce reliance on the U.S. dollar in global trade.

The U.S. GENIUS Act: Securing Digital-Dollar Supremacy

In sharp contrast, the United States is working to fortify its currency dominance through the GENIUS Act (Guaranteeing Emergency National Infrastructure for USD Stablecoins).

The GENIUS Act establishes:

• Strict regulations for stablecoin issuers

• A requirement for full USD-backed reserves

• A framework to make regulated stablecoins the global standard

With stablecoin circulation surpassing $266 billion, the U.S. strategy effectively digitizes dollar dominance. By anchoring the global digital economy to tokenized dollars, the U.S. ensures its currency remains the foundation of international liquidity, settlement, and trust.

Competing Strategies: East vs. West

• BRICS Strategy: Build an alternative network to reduce reliance on the dollar and escape U.S. leverage over payments.

• U.S. Strategy: Strengthen dollar dominance by embedding USD-backed stablecoins into global trade.

Both strategies address the same reality: the future of money is digital. The difference lies in whether that future will be multipolar or dollar-centric.

Outlook: Parallel Payment Systems Ahead

The competition between BRICS and the United States could shape the monetary order for decades to come:

• If BRICS Pay succeeds, it will accelerate de-dollarization and challenge U.S. economic influence.

• If the GENIUS Act succeeds, it will extend U.S. dominance into the digital era through regulated stablecoins.

The likely outcome may not be a clear winner but rather a fragmented global system—with parallel payment networks reflecting the divide between East and West.

What is certain is that the battle for financial dominance is no longer theoretical. It is being fought today across technology, legislation, and trade alliances—and its resolution will redefine the balance of global power.

@ Newshounds News™

Sources & Research Basis:
This article is a compilation of reporting, data, and commentary drawn from multiple sources over the past six months, including international policy statements, financial market data, and global news coverage surrounding BRICS initiatives and U.S. stablecoin legislation.  

~~~~~~~~~

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“Tidbits From TNT” Friday 8-22-2025

TNT:

Tishwash:  Trade: Iraq has completed the technical files to join the World Trade Organization.

Minister of Trade Athir Dawood Al-Ghariri announced that Iraq has completed the technical requirements for joining the World Trade Organization after two decades of challenges.

Al-Ghariri stated in a statement that "Iraq has completed all the technical files required to join the World Trade Organization, after a negotiating process that spanned more than twenty years, during which Iraq faced numerous challenges and delays."

The minister explained that "this achievement was accomplished during the term of the current government, through intensive, qualitative efforts that surpassed what was accomplished in all previous stages combined," stressing that "Iraq is now in an advanced position paving the way for fulfilling the requirements for full membership."

Al-Ghariri explained that "the national team concerned with accession, in coordination with the relevant ministries and sectoral bodies, and in partnership with international institutions, completed the review and update of all technical files, which included: the foreign trade system memorandum, the legislative implementation plan, agricultural support tables, the import licensing file, customs valuation, in addition to the sanitary and phytosanitary (SPS) and technical barriers to trade (TBT) files."

He continued: "The team also prepared accurate answers to (175) questions and inquiries submitted by the member states of the organization, while the Iraqi customs system was updated to the latest version in line with international standards and enhancing Iraq's readiness for the next stages."
The minister confirmed that "the files will be officially submitted to the WTO Secretariat through diplomatic channels, in preparation for the next meeting of the working group."

Al-Ghariri concluded by saying, "What has been achieved is the fruit of the government's extensive support, continuous coordination with all ministries and national institutions, and the efforts of the Department of Foreign Economic Relations in leading this strategic path, with the goal of strengthening Iraq's position in the global trading system, serving its national economy, and achieving sustainable development.  link

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

Tishwash:  Al-Sudani and the Venezuelan ambassador discuss activating memoranda of understanding and agreements related to air transport.

 Prime Minister Mohammed Shia al-Sudani discussed bilateral relations and ways to enhance them in various fields, including cooperation within the framework of OPEC, with the Venezuelan Ambassador to Iraq, Arturo Anibal Caicos Ramirez, on Thursday.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "the meeting discussed bilateral relations and ways to strengthen them in various fields, through activating memoranda of understanding and agreements, particularly those related to air transport services and cooperation within the framework of OPEC."

During the meeting, Al-Sudani affirmed that "Iraq is committed to enhancing coordination within the framework of oil policies, including the exchange of technical expertise and cooperation to ensure stability in oil markets." He also praised Venezuela's role in OPEC and its commitment to controlling global oil prices.

Al-Sudani praised the Venezuelan government's supportive stance on the Palestinian cause, noting the importance of exerting efforts to halt the crimes and violations perpetrated by the Zionist occupation forces against the Palestinians and to end the humanitarian suffering in the Gaza Strip.

For his part, the Venezuelan ambassador conveyed the greetings of the President of the Republic of Venezuela to the Prime Minister, his desire to strengthen bilateral relations, and his appreciation for Iraq's role in peacemaking and maintaining international stability and peace, especially in light of the progress and prosperity the country is witnessing in the areas of security, economy, reconstruction, and development.  link

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

Tishwash:  Norwegian company resumes oil production in the Kurdistan Region. 

A Norwegian company has resumed oil production in the Kurdistan Region, after a nearly month-long shutdown following drone attacks on several fields in the region .

Norwegian oil company  DNO announced on Thursday, August 21, 2025, the resumption of oil production at its Tawke and Pashkabir fields in the Kurdistan Region of Iraq, after it was halted last month due to drone attacks in the region .

Shares of the Norwegian company, which also raised its dividend on Thursday, rose 11.6% in morning trading, according to the Washington-based energy platform, following the announcement of the resumption of oil production in Iraqi Kurdistan .

The Norwegian company's fields were among five oil fields in Iraqi Kurdistan that were targeted by drone attacks in mid-July, disrupting approximately 150,000 barrels per day of the region's total production, estimated at 250,000–300,000 barrels per day .

“The company resumed production from the Tawke field in early August on a trial basis, while production from the Beshkabir field resumed later in the month ,” DNO said in a statement accompanying its second-quarter earnings report.

She noted that the attacks hit surface processing equipment in the Bashkabir field and an oil storage tank in the Tawke field, adding that no one was injured .

She added that while the months-long repairs are still pending, the company has increased its total production on a trial basis to 55,000 barrels of oil equivalent per day, split almost equally between the Tawke and Peshkabir fields .

The company's average oil production in Kurdistan was 82,100 barrels of oil equivalent per day in the first quarter, but declined by 9% in the second quarter, reaching approximately 74,760 barrels per day .

The company explained that the production decline in Iraqi Kurdistan was the result of an operational shutdown imposed by market disruptions, during which DNO used the time to conduct maintenance and conversions scheduled for later this year .

The Norwegian company, which owns 75% of the Tawke license, where the Tawke and Peshkabir fields are located, announced that it aims to increase oil production in Kurdistan to 100,000 barrels of oil equivalent per day in the long term .

The Tawke field, along with the Bashkabir field, forms a single concession operated by the Norwegian oil and gas company DNO in partnership with Genel Energy, which holds a 25% stake. The concession is located in the Zakho region, near the Turkish border .

The Tawke field is one of the oldest fields to enter production in Kurdistan, having been in operation since 2007, and currently produces approximately 29,000 barrels per day .

The field's recoverable reserves are estimated at between 150 and 370 million barrels, making it a key pillar of Iraqi Kurdistan's oil landscape .

The Beshkabir field was discovered in 2016 and began production in 2017. It produces approximately 49,000-54,000 barrels per day, with cumulative production reaching more than 100 million barrels by March 2023 .

On August 13, Gulf Keystone Petroleum announced the resumption of production at the Shaikan oil field, which was also subjected to drone attacks   link

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