MM & Crew: Iraq Dinar Update-World Trade Organization-Global Economy- Kurds Oil & Gas Law-Budget tables 2025
MM & Crew: Iraq Dinar Update-World Trade Organization-Global Economy- Kurds Oil & Gas Law-Budget tables 2025
6-4-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MM & Crew: Iraq Dinar Update-World Trade Organization-Global Economy- Kurds Oil & Gas Law-Budget tables 2025
6-4-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Economic News And Points To Ponder Wednesday Evening 6-4-25
Economist: The Decline In The Dollar Exchange Rate Reflects The Strength Of The Iraqi Dinar
Time: 2025/06/04 Reading: 1,920 times {Economic: Al Furat News} Economic expert, Duraid Al-Anzi, confirmed that the recent decline in the dollar exchange rate is an indicator of the strength of the Iraqi dinar and means that prices may fall, but this decline is modest and fluctuates between rising and falling.
Economist: The Decline In The Dollar Exchange Rate Reflects The Strength Of The Iraqi Dinar
Time: 2025/06/04 Reading: 1,920 times {Economic: Al Furat News} Economic expert, Duraid Al-Anzi, confirmed that the recent decline in the dollar exchange rate is an indicator of the strength of the Iraqi dinar and means that prices may fall, but this decline is modest and fluctuates between rising and falling.
Al-Anzi told Al Furat News Agency, "The government, in general, does not impose its control over prices, as they vary from one region to another without government intervention."
He added, "The recent decline in the dollar was not due to practical economic reasons or any action by the government or the Central Bank to lower the dollar price, but rather due to market exchange."LINK
A Slight Decline In The Dollar Price In Local Markets With The Closing Of The Stock Exchange.
Wednesday, June 4, 2025 | Economic Number of readings: 24 Baghdad / NINA / The dollar prices decreased slightly in the markets of Baghdad and Erbil, this evening, with the closing of the stock exchange.
The dollar prices recorded 141,250 dinars for $100 at the close of the Al-Kifah and Al-Harithiya stock exchanges, while this morning it recorded 141,300 dinars for $100.
While the selling prices in exchange shops in the local markets in Baghdad stabilized at 142,250 dinars for $100, and the purchase price was 140,250 dinars for $100.
In Erbil, the dollar also decreased, as the selling price reached 141,200 dinars for every $100, and the purchase price was 141,000 dinars for $100. https://ninanews.com/Website/News/Details?key=1231813
After The Dollar... Gold Prices Fall In Baghdad
Economy | 04/06/2025 Mawazine News – Baghdad Foreign and Iraqi gold prices have decreased in local markets in Baghdad.
Gold prices in the wholesale markets on Al-Nahr Street in Baghdad this morning recorded a selling price of one mithqal of 21 karat Gulf, Turkish and European gold at 666,000 dinars, and a purchase price of 662 dinars. Yesterday, Tuesday, prices were recorded at 669,000 dinars.
The selling price of one mithqal of 21 karat Iraqi gold was recorded at 636,000 dinars, and a purchase price of 632,000.
As for gold prices in jewelers' shops, the selling price of one mithqal of 21 karat Gulf gold ranges between 670,000 and 680,000 dinars, and the selling price of one mithqal of Iraqi gold is between 640,000 and 650,000 dinars. https://www.mawazin.net/Details.aspx?jimare=262152
Despite The Global Decline In Oil Prices, Basra Crude Prices Rose.
economy | 04/06/2025 Muzine News - Follow-up Basra Heavy and Medium crude oil prices rose on Wednesday, despite the decline in global oil prices.
Basra Heavy crude rose by 99 cents, or 1.64%, to reach $61.41 per barrel, while Basra Medium crude also rose by 99 cents, or 1.56%, to reach $64.36 per barrel.
This rise comes despite the decline in global oil prices, as Brent crude futures fell to $65.40 per barrel, and US West Texas Intermediate crude fell to $63.16 per barrel.
The global decline is attributed to concerns about increased production by the OPEC+ alliance, in addition to tensions related to tariffs that threaten the global economic outlook, while concerns about Canadian supplies provided support for prices. https://www.mawazin.net/Details.aspx?jimare=262144
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Frugal Tips to Help You Spend Less and Live Better in 2025
Frugal Tips to Help You Spend Less and Live Better in 2025
May 7, 2025 by Rudri Patel
Want to save money without giving up the things you love? It may feel overwhelming at first, but taking small micro steps will definitely help you spend less.
These practical frugal living tips help you cut expenses, reduce waste and take back control of your budget — all without feeling like you’re depriving yourself.
Frugal Tips to Help You Spend Less and Live Better in 2025
May 7, 2025 by Rudri Patel
Want to save money without giving up the things you love? It may feel overwhelming at first, but taking small micro steps will definitely help you spend less.
These practical frugal living tips help you cut expenses, reduce waste and take back control of your budget — all without feeling like you’re depriving yourself.
How To Start Living Frugally (Beginner Tips)
If you’re just starting your journey of frugal living, where do you start? Here are a few tips for beginners:
Cut one bill. Try to cut out one subscription or lower the cost of one of your bills. Call your cable company, internet servicer or phone company to see if you can negotiate on the price.
Track every dollar. Understand where your money is going. Use a notebook or an app to track your spending. This will give you a sense of where you need to cut spending.
Cook more at home. Try to make meals at home to prevent spending money dining out.
12 Frugal Living Tips to Help You Save Money
Frugal living isn’t about depriving yourself — it’s about making intelligent choices that boost your savings without sacrificing your quality of life. These 12 frugal tips are designed to guide you through various aspects of your daily spending, showing you where you can cut costs and how to make the most of your budget.
From smart shopping strategies to efficient home management, these tips provide a roadmap to a more financially savvy and sustainable lifestyle.
Frugal Home Habits
Use coupons, cashback apps and loyalty programs
Coupons can help save money, and loyalty programs can earn you discounts on various products. Cashback apps return a portion of your spending back to you.
Plan your meals
Meal planning is an effective way to minimize food waste and save money. By planning your meals for the week, you can buy only what you need, reducing impulse purchases and ensuring that you use up the food you buy, thus saving money on groceries.
Embrace energy efficiency
Investing in energy-efficient appliances and practices around your home can lead to significant savings on utility bills. Simple changes like switching to LED bulbs, using energy-efficient appliances and better insulating your home can reduce your energy consumption and save money in the long run.
Smarter Shopping and Spending
Shop off-season
Buying off-season items can save a lot of money. For example, buying winter clothes at the end of the season or getting holiday decorations after the holiday has passed can lead to significant discounts.
TO READ MORE: https://www.gobankingrates.com/saving-money/savings-advice/frugal-tips/
Evening News with MarkZ. 06/04/2025
Evening News with MarkZ. 06/04/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening- Oh boy are the boards lit up with rumors!!!
Member: I am afraid to look away because I might miss something!
Evening News with MarkZ. 06/04/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening- Oh boy are the boards lit up with rumors!!!
Member: I am afraid to look away because I might miss something!
Member: TNT Tony said the new rate was announced from two sources in the Masques tonight $1.38 in country
MZ: Unfortunately none of my sources in the country agree with that. But, I hope he’s right.
Member: I had a local bank in Oklahoma City say they could exchange the money they send it out. It takes six weeks. Sounds funny to me.
MZ: I’m going to tell a bank story but won’t give details so I don’t get anyone in trouble. This is from a Credit Union. The source is someone I know in my personal life.
MZ: “Yesterday I got a call from a credit Union in Tennessee. They let me know they are a Redemption Center for all currencies except for Russian. I asked her “when”? and she said “soon” She said That is why we called you now to let you know we are trained and ready. I specifically asked if the dinar and dong are included and she said “yes” . At the end of the conversation I asked if all we were waiting for is 800 numbers to make an appointment? She said Yes- I know you are. Her excitement was amazing”
MZ: A couple of folks that work for Credit Unions have made the comment that they were recently trained.
Member: I love a good bank story
MZ: Seeing the tellers and staff in regional banks and CU’s being trained makes me excited.
Member: My Credit Union has a sign saying “We have blockchain”
Member: I wonder if all the little local credit union banks in small towns know about the QFS now ??????
Member: My credit union and my Chase Branch both said they are prepared for the new currency to roll out.
MZ: They have a bunch of different names for it. But I have yet to hear a bank specifically refer to it as a QFS. QFS is a term we came up with. Keep in mind banks may call it something different.
Member: If it happened this weekend like bond contacts think, when would groups get paid?
Member: I wonder if lower notes are coming out of the ATMs in Iraq yet?
Member: If they are- I would think we would know.
MZ: “ PM advisor: Iraq’s natural resources are worth more than $16 trillion” They are laying the ground work for a revaluation with the public.
Member: Could it be banks not being ISO20222 compliant is part of our hold up? I read that somewhere around 75% are struggling to get compliant.
Member: Why do you think we haven't heard anything from the Fort Knox audit?
Member: Maybe there is no gold in there?
Member: So excited for things to shift for us all. Could this be our week? I have the feeling it could..
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
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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
Greg Weldon: We have Crossed the Debt Macro Event Horizon
Greg Weldon: We have Crossed the Debt Macro Event Horizon
Palisades Gold Radio: 6-4-2025
Tom welcomes back Greg Weldon, a seasoned financial market veteran and publisher of 'The Global Macro Strategy Report' .
They discuss the critical themes shaping the global economy in 2025. Highlighting Scott Bessent's remarks, Weldon explains that the U.S. government will never default on its debt, and instead will perpetually devalue the currency to service its obligations.
He warns that the country has however crossed a "macro event horizon," where it is trapped in a gravitational pull of debt that grows unsustainably relative to GDP.
Greg Weldon: We have Crossed the Debt Macro Event Horizon
Palisades Gold Radio: 6-4-2025
Tom welcomes back Greg Weldon, a seasoned financial market veteran and publisher of 'The Global Macro Strategy Report' .
They discuss the critical themes shaping the global economy in 2025. Highlighting Scott Bessent's remarks, Weldon explains that the U.S. government will never default on its debt, and instead will perpetually devalue the currency to service its obligations.
He warns that the country has however crossed a "macro event horizon," where it is trapped in a gravitational pull of debt that grows unsustainably relative to GDP.
Weldon points to $54 trillion in combined public and household debt—186% of GDP—as evidence of this precarious situation.
With foreign buyers losing appetite for U.S. assets, the Fed may become the last resort buyer of Treasuries, perpetuating the cycle of money printing. He notes that foreign ownership of U.S. bonds remains low, leaving domestic institutions to absorb much of the burden.
The conversation delves into inflation and its drivers. Weldon argues that while energy prices remain subdued due to base effects, food inflation and service sector pressures pose significant risks.
He also questions whether higher inflation expectations can be anchored, given the Fed's challenges in balancing monetary policy with economic growth.
Weldon predicts that the Fed will increasingly prioritize preventing debt deflation over controlling inflation, leading to further dollar depreciation.
Weldon expresses skepticism about a gold-backed dollar or bond solution, noting that U.S. gold reserves are insufficient to cover deficits meaningfully. Instead, he highlights gold and silver as potential beneficiaries of currency debasement, with silver poised for a breakout after years of underperformance.
He also touches on global trends, such as Europe's rise as a safer haven and the BRICS nations' growing interest in dollar system alternatives.
Ultimately, Weldon paints a picture of a world teetering on debt-driven instability, where central banks are forced to choose between reflating economies or facing collapse.
Time Stamp References:
0:00 – Introduction
0:45 - Bessent & Default Risk
4:55 - Moody's Downgrade
7:12 - U.S. Debt Refinancing
9:40 - Foreign Debt Buyers?
12:20 - Japan's Bond Issues
15:03 - Solutions & Gold Std?
16:55 - Equities & Silver
20:30 - The Fed Catch 22
24:25 - Fwd Inflation Drivers?
27:54 - Debt Saturation & Ceilings
34:50 - Polarization & Extremes
38:50 - Wrap Up
Bruce’s Big Call Dinar Intel Tuesday Night 6-3-25
Bruce’s Big Call Dinar Intel Tuesday Night 6-3-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, June 3rd and you're listening to the big call. Thanks for tuning in. Here we are. We're back for more, and we hope that everybody is tuned in and ready to receive what everything we have to share with you on the call tonight
So let's get into where we are on Intel. See if I could come up with an idea for you guys. I saw five days since last Thursday until tonight - Tuesday night. So there's a lot of things that have happened, and sometimes what really matters is the last day or two information. I get it every day, but some of it is more relevant than others.
Bruce’s Big Call Dinar Intel Tuesday Night 6-3-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, June 3rd and you're listening to the big call. Thanks for tuning in. Here we are. We're back for more, and we hope that everybody is tuned in and ready to receive what everything we have to share with you on the call tonight
So let's get into where we are on Intel. See if I could come up with an idea for you guys. I saw five days since last Thursday until tonight - Tuesday night. So there's a lot of things that have happened, and sometimes what really matters is the last day or two information. I get it every day, but some of it is more relevant than others.
So where we are now, just to bring you up to speed, we have information that came in yesterday that said 11 o'clock yesterday morning. It was put as 1100 hours. That's 11am at 1100 hours yesterday the let's see. How does it work? I'm trying not what it was said.
All of the NESARA aspects to NESARA were instigated, implemented - so yesterday showed that NESARA at least these organization and implementation of those various aspects were completed 11 o'clock yesterday morning.
We also heard that from about some of the banks that were sort of renegade banks, and a number of the bank actually sold to the Big Five, tier one banks, and then they had to decide which branches to use and which they didn't.
There was about 65% of these banks that were sort of renegade of all banks that were picked up by Wells Fargo, Bank of America, Citi, Chase and and Truist in the US. And so they got all those banks back and It took a while to get them online with the QFS system, the Starlink system, the FinTech system and the blockchain technology, but all of those were finally synced as of 6 pm yesterday, which was Monday 6pm Monday night.
Everything's interconnected throughout the globe, really, not just in the US, but everywhere, all these banks that had not yet connected to the QFS because, oh, the people that own these banks said, Oh yeah, we're going to do that. Oh yeah.
Well, they missed their deadline, and they had no intention of hooking up to the system. They just wanted everything to run like it always has, and that's where the trouble was. That's why we didn't go – yet - that aspect of everything has been complete that’s the good news
Now what about is going on -- We heard today that okay, I'll Bring this up. We had we heard today that there is activity going on. And I did hear a little bit of this on one America news tonight, but I'm not supposed to share what I'm not going to share with you, so I won't, but I'll say this much there are certain cases that are being heard by the Supreme Court, and we'll see what happens with those cases.
But as a result of that, we understand that we're going to be getting notified either Friday or Saturday of this week. It really takes Wednesday and Thursday out of the loop for our notifications, what we're waiting to hear. The other thing is, what's interesting is that there is a pre recorded announcement that President Trump has made, and it's hard to say because we don't know what it's going to be about.
We did guess that it could be about NESARA It could be something to do with our new currency, we just we could go eight or 10 different directions, but that particular announcement is pending, meaning it could come anywhere from Wednesday, Thursday, Friday. It's pending, but they are planning to air that announcement using the EBS, the Emergency Broadcast System. It’s a big deal
Question is, well, when is that announcement going to be aired on the EBS is ending? We don't know, but we'll stand by for that. Or, as the lady sent Bob that the text, she said, stay tuned. Well, we're going to need to stay tuned see what, what happens with that
The other thing is, talking with and we have, we have fewer and fewer and fewer sources that are able to get in touch with us, 80, maybe even 90% of our contacts had to sign brand new NDAs.
So it's hush hush with a lot of our sources, but we did hear from one source that said that he does not go back in. And he's the head of the redemption center in this area, and he said he does not go back in until noon on Friday.
So in other words, he's not even going in Wednesday or Thursday. Now that's interesting, in the sense that noon Friday it could be – I’m just saying could be a possibility – that we receive notifications, Friday afternoon, set appointments, and start exchanges on Saturday, that's what we hope because we have heard, we expect to get started this week -- Well. And the same person said that the rates on the screens that have come up yesterday were amazing, and we'd be happy with that
Yesterday, the .. it’s not an application code, but it's a code that is put in for every currency, whether it goes up, whether it's staying the same, or whether it's dropping in value going down. And there are over 100 currencies that needed to have this particular code – the code is different for each currency that code had to be put in, and that got completed yesterday at 6pm so all of those are entered, all of those are good. Rates are up.
They were fluctuating before, but they solidified as of yesterday, and we've got amazing rates, and everything's really good to go for us So that is very exciting,
I’mtrying to think if there was anything else that made a difference in us, or what are different Redemptor you know about. You know, for example, that the Zim is only redeemable through the redemption centers. And you know that the banks have certain rates that will be higher at the redemption on dinar is only available through that will be higher at the redemption centers.
So what I'm saying is there are some people still out there saying there are no such thing as redemption centers. There's no such thing as 800 Numbers. Well, that's not true. The reason is we know people, at least eight people, that are leaders in redemption centers in various parts of the United States and Canada for that matter.
Yes, Canada - the two, we know people that are over six, eight and even 10 redemption centers as leaders in those countries, the US and Canada, so and we know that there's a toll free number and to use to get an appointment set for going in to the redemption center. So if you read something that says that's not true, ask yourself, is this person compensated by banks to deter you from using a redemption center? Is that what's going on? Well, I can tell you in a couple cases, it is.
Now I'm going to suggest after the redemption center is closed, and let's say we go through the entire month of June with centers.
I think that's very possible. A lot of areas will some areas won't need to but after redemption center follows, you'll be able to send at the banks, but not until and it will only be a few bags. Wells, Chase closes -
They are not pen yet for us, but they'll be open and they'll stay open for probably 14 – 15 days maybe some longer. So just the word to the wise
There are no drop ins on the redemption centers. They don't want you there more than 10 minutes early for your appointment. Just being too early is as bad as being late, so just try to get there within minutes of your appointment time. Simple as that, I'm excited because I think we finally have come to the end of a lot of different things, just kept us from going already.
Maybe there's always that one more thing, that one more thing. I've been told that everything's on autopilot. I've been told that it's all based on, well, let me just say it this way. I think it is on autopilot, and I think things are moving right along and at the right time when the proper algorithms are met then everything will get released. That's what I've been told. I think that's true.
And I think that is pretty much everything that I wanted to say, close. And I think I'd like to go ahead and pray out the call, and then we'll take it from there.
Well guys, we will see you, and I'll let you know if we've moved along further toward our goal of getting numbers and getting into the redemption service. God bless you. God bless you all.
Bruce’s Big Call Dinar Intel Tuesday Night 6-3-25 REPLAY LINK Intel Begins 1:06:00
Bruce’s Big Call Dinar Intel Thursday Night 5-29-25 REPLAY LINK Intel begins 1:29:00
Bruce’s Big Call Dinar Intel Tuesday Night 5-27-25 REPLAY LINK Intel Begins 1:15:15
Bruce’s Big Call Dinar Intel Thursday Night 5-22-25 REPLAY LINK Intel begins 1:18:40
Bruce’s Big Call Dinar Intel Tuesday Night 5-20-25 REPLAY LINK Intel Begins 1:11:00
Bruce’s Big Call Dinar Intel Thursday Night 5-15-25 REPLAY LINK Intel begins 1:02:30
Bruce’s Big Call Dinar Intel Tuesday Night 5-13-25 REPLAY LINK Intel Begins 1:01:01
Bruce’s Big Call Dinar Intel Thursday Night 5-8-25 REPLAY LINK Intel begins 1:02:40
Bruce’s Big Call Dinar Intel Tuesday Night 5-6-25 REPLAY LINK Intel Begins 1:10:30
Bruce’s Big Call Dinar Intel Thursday Night 5-1-25 REPLAY LINK Intel begins 57:07
Iraq Economic News And Points To Ponder Wednesday Afternoon 6-4-25
Central Bank Of Iraq: No Shortage Of Liquidity, And Foreign Exchange And Gold Reserves Are On The Rise.
June 2, 2025 Baghdad/Iraq Observer The Central Bank confirmed on Monday that liquidity is fully available, while noting that reserves have exceeded $100 billion.
“Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard,” said Mohammed Younis, the bank’s general manager of investments, in a press statement monitored by the Iraq Observer.
Central Bank Of Iraq: No Shortage Of Liquidity, And Foreign Exchange And Gold Reserves Are On The Rise.
June 2, 2025 Baghdad/Iraq Observer The Central Bank confirmed on Monday that liquidity is fully available, while noting that reserves have exceeded $100 billion.
“Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard,” said Mohammed Younis, the bank’s general manager of investments, in a press statement monitored by the Iraq Observer.
He pointed out that “the Central Bank’s reserves have exceeded $100 billion, in addition to Iraq’s large gold reserves, exceeding 163 tons.” Younis added,
"The Central Bank
is not an investment entity, but rather
is responsible for managing Iraq's foreign exchange reserves," explaining that
"the goal of these reserves is not to generate profits,
but rather to ensure reasonable returns." He continued,
"The reserve
is managed according to well-thought-out policies based on high security standards, and
is invested in safe financial instruments that generate acceptable returns." He emphasized that
"Iraq is on a sound economic path." https://observeriraq.net/المركزي-العراقي-لا-شحّة-في-السيولة-واح/
Al-Ghariri: Iraq Is Getting Closer To Membership In The World Trade Organization.
Tuesday, June 3, 2025 | Economic Number of readings: 7 Baghdad/ NINA / Minister of Trade, Atheer Al-Ghariri, announced that Iraq has made significant progress on its path to joining the World Trade Organization, stressing Baghdad's serious commitment and transparency in meeting the requirements of this important international process.
Al-Ghariri explained in a statement that "the national team tasked with completing the accession requirements has completed answering more than 450 technical questions submitted by the organization's members, which reflects Iraq's commitment to achieving this strategic goal."
The minister added, "The national team is fully prepared for the next round of meetings with the organization's General Secretariat and members of the working groups," stressing that
Iraq will be represented with a unified position based on a national economic vision aimed at orderly integration into the global economy. Al-Ghariri pointed out that
"joining the World Trade Organization represents a strategic step to
support the business environment,
stimulate investment, and
develop productive sectors, particularly industrial and agricultural sectors, which
will enhance Iraq's economic standing regionally and internationally." He continued:
"The Ministry of Commerce, in coordination with the relevant ministries and institutions,
will continue technical and diplomatic work to ensure the best results that serve the supreme national interest." /End 8 https://ninanews.com/Website/News/Details?key=1231649
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Thoughts From Ariel Part 2 Wednesday 6-4-2025
Ariel: Iraqi Dinar Update: Are You Feeling Lucky Today? (Think You Can Keep Up?)
Now that you all got over that initial temporarily being down in the dumps. You can appreciate a more expanded view on things with a more grounded opinion that actually has links and sources. Something you all should value a lot more.
This is one reason why I posted the 1st Iraqi Dinar Update. Because it was all opinion based with nothing to substantiate it. Which is something you should all welcome but also question.
But you immediately went into reactionary mode. Something I have always told you not to do under any circumstances.
Ariel: Iraqi Dinar Update: Are You Feeling Lucky Today? (Think You Can Keep Up?)
Now that you all got over that initial temporarily being down in the dumps. You can appreciate a more expanded view on things with a more grounded opinion that actually has links and sources. Something you all should value a lot more.
This is one reason why I posted the 1st Iraqi Dinar Update. Because it was all opinion based with nothing to substantiate it. Which is something you should all welcome but also question. But you immediately went into reactionary mode. Something I have always told you not to do under any circumstances.
One reason being is that I have always told you and showed you throughout the years is that I will always source the info that matters to you. I may not do it so much with the more conspiracy oriented topics. But I definitely can provide a reason and background as to the purpose it may be shared even if you disagree.
You should know by now that when I offer my opinion it’s going to be brought to you with things you can look into on your own time. Never outsource your discernment to people you do not know. They should have the decency as a stranger to provide you with sources to remove the gray areas.
So shall we begin?
Surge in Foreign Investment Interest
Iraq’s recent economic strides have caught the attention of global investors, setting the stage for a swift IQD revaluation following the Oil & Gas Law’s passage, as foreign capital inflows often necessitate a stronger, internationally accepted currency; for instance, on June 2, 2025, Bloomberg reported that major hedge funds, including BlackRock, have begun exploring Iraqi oil bonds, anticipating a 20% return post-law passage (https://www.bloomberg.com/news/articles/2025-06-02/blackrock-eyes-iraq-oil-bonds).
This investor optimism stems from Iraq’s $100 billion reserves, confirmed by the Central Bank of Iraq (CBI) on June 2, 2025 (https://www.cbi.iq/news/view/2500), which provide a safety net for currency reform.
The expected passage of the Oil & Gas Law, which Iraq Business News notes will unlock $3 billion in foreign direct investment within its first year (https://www.iraq-businessnews.com/2025/06/03/oil-gas-law-investment-forecast), will likely pressure the CBI to revalue the IQD rapidly potentially within a week to accommodate these funds and prevent speculative distortions in the black market.
Stabilization of Iraq’s Banking Sector
The stabilization of Iraq’s banking sector, a critical prerequisite for currency revaluation, has gained momentum in 2025, with reforms directly supporting a rapid IQD adjustment; the World Bank, in its June 2025 Iraq Economic Monitor, highlighted that non-performing loans in Iraqi banks dropped to 8% from 15% in 2024, thanks to stricter regulations (https://www.worldbank.org/en/country/iraq/publication/iraq-economic-monitor-june-2025).
On June 1, 2025, the CBI announced the successful integration of 30% of its banks into the SWIFT system, enhancing their capacity for international transactions (https://www.cbi.iq/news/view/2499).
This banking overhaul, combined with the Oil & Gas Law’s anticipated revenue boost—projected by OilPrice.com to add $2.5 billion monthly to Iraq’s coffers (https://oilprice.com/Energy/Crude-Oil/Iraq-Oil-Gas-Law-Revenue-Projections-2025.html)—means the CBI can confidently revalue the IQD within days of the law’s passage to ensure seamless global financial integration.
Regional Economic Pressures and Opportunities
The shifting regional dynamics in the Middle East, particularly Iran’s weakened position, create both pressure and opportunity for Iraq to revalue its currency swiftly; Iran’s oil production fell by 300,000 barrels per day in May 2025 after Israeli airstrikes, as per a June 2025 EIA report (https://www.eia.gov/international/analysis/country/IRN), allowing Iraq to capture a larger share of OPEC’s output. On June 2, 2025, Al-Monitor reported that Saudi Arabia has pledged $1 billion in aid to Iraq to counterbalance Iran’s influence, conditional on economic reforms like currency revaluation (https://www.al-monitor.com/originals/2025/06/saudi-aid-iraq-iran-counter). With the Oil & Gas Law set to pass by mid-June 2025, enabling Iraq to export an additional 500,000 barrels daily via the Ceyhan pipeline, the CBI could revalue the IQD within a week to leverage this regional shift and meet the financial demands of new trade agreements.
Read Full Article: https://www.patreon.com/posts/iraqi-dinar-are-130640897
https://dinarchronicles.com/2025/06/03/ariel-prolotario1-iqd-update-are-you-feeling-lucky-today/
Ariel : Rapid Revaluation of the IQD Within Days or Weeks
Iraqi Dinar Update:
Based on current events as of June 3, 2025, a rapid revaluation of the Iraqi Dinar (IQD) within days or weeks of the Oil & Gas Law’s anticipated mid-June 2025 passage is plausible
Driven by multiple converging factors: the law, set to resolve Baghdad-KRG disputes and unlock billions in oil revenue bolstered by the May 30, 2025, Ceyhan pipeline deal (reported by Reuters at https://reuters.com/world/middle-east/iraq-krg-resume-oil-exports-via-ceyhan-2025-05-30/…) requires an internationally accepted exchange rate to manage increased exports of 500,000 barrels per day, generating approximately $2 billion monthly; the Central Bank of Iraq (CBI), with $100 billion in reserves as confirmed on June 2, 2025, via the CBI’s official statement.
(https://cbi.iq/news/view/2500) Which can e*****e an overnight revaluation, mirroring Kuwait’s 1991 dinar restoration; U.S. Treasury support on June 1, 2025, for Iraq’s IMF-aligned reforms
(https://home.treasury.gov/news/press-releases/jy2500…) signals potential sanctions relief, boosting global confidence and enabling the CBI to revalue swiftly to attract investment; Iran’s weakened influence after Israel’s May 2025 airstrikes on its oil infrastructure, detailed in a BBC report.
(https://bbc.com/news/world-middle-east-2025-israel-iran-strikes…), reduces political resistance in Iraq, especially with Nouri al-Maliki’s security detail removed, allowing Prime Minister Al-Sudani to prioritize economic reforms; and Iraq’s blockchain pilot, initiated in May 2025 following Trump’s GENIUS Act
(https://whitehouse.gov/briefing-room/legislation/2025-genius-act…), ensures technical readiness for real-time international settlements, as some Iraqi banks already use RippleNet for oil payments, per a Ripple press release (https://ripple.com/insights/iraq-banks-adopt-ripplenet-2025/…).
Together, these elements economic momentum, financial stability, geopolitical shifts, and technological infrastructure create a robust case for a rapid IQD revaluation by late June 2025, ensuring transparency and alignment with Iraq’s strategic objectives to reintegrate into global markets.
Building on the momentum as of June 3, 2025, the rapid revaluation of the Iraqi Dinar (IQD) is further supported by Iraq’s strategic alignment with global financial trends and regional dynamics: the International Monetary Fund (IMF) commended Iraq’s fiscal progress on June 2, 2025, noting its $100 billion reserves as a buffer for currency reform, as detailed in their latest report (https://imf.org/en/News/Articles/2025/06/02/pr-iraq-economic-update…);
The recent decline in Iran’s regional influence, following Israel’s May 2025 airstrikes on its oil facilities, has also led to a 15% drop in Iranian oil exports, per OPEC’s June 2025 data (https://opec.org/opec_web/en/press_room/2025.htm…), indirectly boosting Iraq’s oil market share and incentivizing a stronger IQD to capitalize on this shift; \
Additionally, Prime Minister Al-Sudani’s push for digital financial infrastructure, highlighted in a June 1, 2025, speech (https://iraq.gov.iq/news/2025-06-01-sudani-digital-finance…), aligns with blockchain adoption in Iraqi banks, which now process 20% of oil transactions via RippleNet, according to a June 2025 Ripple update
(https://ripple.com/insights/iraq-banks-ripplenet-update-2025/…);
This technological edge, combined with the anticipated passage of the Oil & Gas Law by mid-June 2025 expected to generate $2 billion monthly from increased exports, as reported by Al Jazeera (https://aljazeera.com/news/2025/6/3/iraq-oil-gas-law-vote…) sets the stage for the CBI to revalue the IQD rapidly, potentially within days, to meet international trade demands and solidify Iraq’s economic resurgence.
Source(s): https://x.com/Prolotario1/status/1930019114925601072
Thoughts From Ariel Part 1 6-4-2025
Ariel : Exclusive Intel to the Pleasure of your Curiosity
6-4-2025
Intel: Exclusive (Logical & Questionable) To The Pleasure of Your Curiosity
I was given permission to share this with you all. I was only going to upload this on my Patreon. But the person who this comes from has no issue with releasing this publicly. As she is moving on to other things. So I will allow this to be up for a limited time if it caused issues with other parties who may consider this problematic for whatever reason.
I already done 4 post on P-treon regarding this. My insiders are the best thing going right now. Took me years to build these connections. And now you benefit as well. I am only doing this once.
So if you want this level of Intel in various other subjects I will leave the link below.
Ariel : Exclusive Intel to the Pleasure of your Curiosity
6-4-2025
Intel: Exclusive (Logical & Questionable) To The Pleasure of Your Curiosity
I was given permission to share this with you all. I was only going to upload this on my Patreon. But the person who this comes from has no issue with releasing this publicly. As she is moving on to other things. So I will allow this to be up for a limited time if it caused issues with other parties who may consider this problematic for whatever reason.
I already done 4 post on P-treon regarding this. My insiders are the best thing going right now. Took me years to build these connections. And now you benefit as well. I am only doing this once. So if you want this level of Intel in various other subjects I will leave the link below.
During the Eid al-Adha holiday from June 6-10, 2025, Iraq’s declaration of a 5-day closure serves a dual purpose: while publicly it honors the Islamic Festival of S*******e, behind closed doors, it masks a clandestine operation codenamed “Golden Crescent.”
This operation, orchestrated by a select group within the Central Bank of Iraq (CBI) and overseen by Prime Minister Al-Sudani’s inner circle, involves finalizing the IQD revaluation to a rate of 1 USD to 1 IQD, a move set to be announced on June 11, 2025, immediately following the holiday. The holiday’s timing ensures minimal public scrutiny, as banks, government offices, and markets will be shuttered, allowing the CBI to execute a seamless transition on the Forex Market while global attention is distracted by regional festivities.
The “Golden Crescent” operation began in secrecy on May 15, 2025, when the CBI met with representatives from the U.S. Treasury and the International Monetary Fund (IMF) in Amman, Jordan, to secure approval for the revaluation, a meeting never publicized but documented in a classified memo stamped “Eyes Only” for Al-Sudani.
This memo, hidden in a vault beneath the CBI’s Baghdad headquarters, outlines a plan to use the holiday’s closure to update banking systems nationwide, integrating blockchain technology via RippleNet to handle the new rate’s international transactions, a system already tested in 40% of Iraqi banks by June 2025.
The operation’s codename reflects the symbolic crescent moon of Eid, but also the golden promise of Iraq’s economic rebirth, a truth known only to a handful of officials who risk elimination if exposed.
A shadow player in this operation is a Dubai-based financier named Khalid al-Mansour, who has facilitated $5 billion in backchannel funds from Saudi Arabia to stabilize Iraq’s reserves during the transition, a deal brokered on May 20, 2025, in a private suite at the Burj Al Arab.
Al-Mansour’s involvement, tied to his discreet meetings with Al-Sudani’s economic advisor, ensures liquidity for the revaluation but comes with a price: Saudi influence over Iraq’s oil pricing for the next decade, a pact sealed with a blood oath to maintain secrecy. This arrangement, if leaked, could destabilize Iraq’s fragile political unity, as anti-Saudi factions would view it as a betrayal, making the holiday’s timing a critical shield for these covert maneuvers.
The revaluation’s announcement on June 11, 2025, is strategically timed to coincide with a planned OPEC meeting in Vienna, where Iraq will reveal its increased oil output of 500,000 barrels per day via the Ceyhan pipeline, a move already in motion since May 30, 2025. This boost, coupled with Iran’s weakened oil production due to Israel’s May 2025 airstrikes, positions Iraq to dominate the market, justifying the new IQD rate to global investors.
However, the operation’s secrecy is so tight that even most CBI board members are unaware, with only three individuals Al-Sudani, the CBI governor, and a shadowy fixer known as “The Falcon” holding the full blueprint, a truth buried in encrypted files accessible only through a biometric key stored in a safehouse in Erbil.
The holiday also serves as a distraction for another layer of the operation: the distribution of oil credits to Iraqi citizens, mandated by the Oil & Gas Law set to pass by mid-June 2025, which will inject $500 million annually into the economy.
These credits, to be disbursed electronically via blockchain, require the new exchange rate to ensure fair value, a process the CBI will finalize during the holiday closure under the guise of “system upgrades.”
This move, while economically sound, risks backlash from black market operators who thrive on the current low IQD rate, a group with ties to former militias who could retaliate if their profits are threatened, making the operation’s secrecy a matter of national security.
A cryptic signal of this operation lies in the holiday announcement’s design: the red background and yellow text mirror the Iraqi flag, but the specific shade of red hex code #C8102E matches the color used in a classified CBI directive issued on May 25, 2025, ordering banks to prepare for a “currency reset.”
This directive, shared only with top-tier bank managers, includes a coded phrase “The Crescent Rises” echoing the “Golden Crescent” operation’s name, a detail so obscure that its discovery could unravel the entire plan. The choice of Eid al-Adha, symbolically reflects the elite’s willingness to risk everything for Iraq’s economic future, a gamble that could either crown them heroes or bury them in chaos.
The final piece of this puzzle involves a private meeting scheduled for June 7, 2025, in a discreet villa on the outskirts of Najaf, where Al-Sudani will brief a select group of tribal leaders on the revaluation, ensuring their support to prevent civil unrest. These leaders, representing Iraq’s diverse sects, will be sworn to silence under a traditional oath involving a shared meal of lamb, tying them to the operation’s success.
Source(s): https://x.com/Prolotario1/status/1930049310651232545
Coffee with MarkZ, Zester and Andy Schectman. 06/04/2025
Coffee with MarkZ, Zester and Andy Schectman. 06/04/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning Mark, Mods and friends
Member: Let the RV begin
Member: Looks like we are in yet another “Holding Pattern” Will anything ever happen?????
Coffee with MarkZ, Zester and Andy Schectman. 06/04/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning Mark, Mods and friends
Member: Let the RV begin
Member: Looks like we are in yet another “Holding Pattern” Will anything ever happen?????
MZ: I don’t think we are in another holding pattern……maybe this is last few weeks while things play out.
Member: I think we all have reached RV burnout... try like heck to stay positive, but it is challenging
Member: Hope you have some good news Mark. Could use it! Any bond news?
MZ: Lots of bond contacts I havn’t heard from in awhile started popping up. They are suddenly very upbeat for this week and this coming weekend.
Member: I saw something that said 75% of banks are struggling getting compliant with ISO20222. Maybe that is what is holding this up?
Member: Is it possible we see the RV around July 4th?
MZ: I think any day is possible. Things are moving so quickly. IMO the absolute worst case scenario…is the Judy Shelton comment that we will have a gold backed 50 year Treasury that is redeemable to gold by July 4th 2026. So to me….we will go somewhere between now and then. Personally I think it will happen this summer.
Member: on Judys comment about securities....I think she gave us a date but the wrong year for distraction. I’m hoping between now and July 4th of this year……
MZ: In Iraq: “ Minister of Trade: Iraq’s ascension to the WTO is a strategic step” They need to be finishing their white paper reforms and raising the purchasing power of the dinar.
MZ: “Minister: “Decline in the price of the dollar enhances the livelihood of citizens and improves monetary policy” The decline in the dollar is the increase in the dinar and that is good for the citizens. We are watching the white paper reforms.
MZ: This may be what has kept us from crossing the finish line. “Kurdish MP (Minister of Parliament) blames KRG for financial crisis between Baghdad and Erbil” He says they should put the citizens interest ahead of theirs.
Member: The IQD is just like the Neverending Story
Member: If 1 to 1 rate shows up in Iraq, I am cashing in.
Member: Did the budget tables get passed?
MZ: Budget tables are not yet in Parliament. Last I heard was they hope to have them by mid month.
Member: Iraq has another holiday starting on the 6th…..for about a week….Eid Al Aha.
Member: The Iraq golden crescent June 6-10
Member: People are saying the CBI is going to us the upcoming holiday as a cover to make the switch and change value.
Member: I am wondering if the Zim will hold is not good now that they have the ZIG?
MZ:I was told the Zim we hold is not related to the ZIG in any way…..The Zim we hold is a bond for humanitarians and comes from a different pot of funds. .
Member: If the 10 days of darkness starts today, it would finish by June 14 which is Juneteenth or the anniversary when slavery ended.
Member: Keep the faith everyone….It’s always darkest before the dawn.
Mod: SEE YALL TONIGHT. STARTING EARLY TONIGHT 6:45 PM EST.
Andy Schectman from Miles Franklin and Zester joins the stream today. Please listen to the replay for his information and opinions.
STARTING TODAY WEDNESDAY, JUNE 4TH THE CRAZY CRYPTONAUT WITH ZESTER MOVES TO A NEW TIME! JOIN US AT 11:30 AM EST! ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut HOPE TO SEE YOU THERE!
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS! FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
Seeds of Wisdom RV and Economic Updates Wednesday Morning 6-4-25
Good Morning Dinar Recaps,
SEC CHAIR PAUL ATKINS SAYS IT'S A ‘NEW DAY’ FOR THE AGENCY, CALLS FOR ‘RATIONAL’ CRYPTO REGULATION
Paul Atkins is promising a “rational” approach to rulemaking instead of enforcement, as lawmakers eye sweeping reforms.
▪️ SEC Chair Paul Atkins said Tuesday the agency will prioritize "clear rules of the road" for crypto.
▪️ He testified that investor protection and innovation require regulatory clarity.
▪️ But some lawmakers are pushing for the CLARITY Act to shift oversight away from the SEC.
Good Morning Dinar Recaps,
SEC CHAIR PAUL ATKINS SAYS IT'S A ‘NEW DAY’ FOR THE AGENCY, CALLS FOR ‘RATIONAL’ CRYPTO REGULATION
Paul Atkins is promising a “rational” approach to rulemaking instead of enforcement, as lawmakers eye sweeping reforms.
▪️ SEC Chair Paul Atkins said Tuesday the agency will prioritize "clear rules of the road" for crypto.
▪️ He testified that investor protection and innovation require regulatory clarity.
▪️ But some lawmakers are pushing for the CLARITY Act to shift oversight away from the SEC.
U.S. Securities and Exchange Commission Chair Paul Atkins is continuing on his crusade to bring a “new day” to the SEC and shift the agency's stance toward digital assets.
Testifying before the Senate Appropriations Subcommittee on Financial Services and General Government on Tuesday, Atkins vowed to pursue a "rational regulatory framework" for crypto assets, prioritizing rulemaking and transparency over enforcement actions.
“Clear rules of the road are necessary for investor protection against fraud—not the least to help them identify scams that do not comport with the law,” he said.
“Policymaking will be done through notice and comment rulemaking, not through regulation-by-enforcement,” Atkins added.
Atkins, a veteran of the SEC, was confirmed in April after a lengthy and partisan nomination process.
His return marks a stark departure from the approach taken by his predecessor, Gary Gensler, whose tenure was marked by enforcement actions against crypto firms and a broad interpretation of securities laws that made him unpopular with the crypto industry.
Since Gensler’s exit, the SEC has dropped several high-profile lawsuits, first under interim chair Mark Uyeda and then under Atkins, and has issued guidance for multiple categories of crypto, including exempting certain staking activities from securities regulation.
The agency's evolving posture comes amid growing momentum in Congress to strip the SEC of its authority over crypto altogether.
Last week, lawmakers introduced the CLARITY Act, which would amend securities laws to exempt most crypto assets from SEC jurisdiction and establish a new legal framework.
“Our bill secures American dominance, democratizes digital assets, unleashes innovation, and protects consumers from fraud,” said Rep. Bryan Steil (R-WI), chair of the House’s Financial Services Subcommittee.
However, Democratic staffers on the House Financial Services Committee have criticized the SEC for withholding an impact analysis of the bill, raising concerns that the proposal could create loopholes for traditional finance under the guise of blockchain adoption.
Atkins acknowledged the shifting legislative landscape but emphasized the role of the SEC's new Crypto Task Force and upcoming DeFi roundtable in supporting innovation.
"I anticipate benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation," he said.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
Trump's CFTC Pick Brian Quintenz Set for Senate Hearing on June 10
Brian Quintenz, head of global policy at a16z crypto and former CFTC commissioner (2017–2021), is scheduled to appear before the Senate Agriculture Committee for his nomination hearing on June 10 at 3:00 p.m. The hearing could pave the way for his return—this time as Chair of the U.S. Commodity Futures Trading Commission (CFTC).
Trump’s Nominee Pushes for Senate Support
In February, former President Donald Trump nominated Quintenz to lead the CFTC. Since then, Quintenz has met with lawmakers, including Sen. John Boozman, to gain support. “We discussed the critical role the CFTC and its markets play in risk management throughout the economy, supporting our agriculture sector, and promoting innovation,” Quintenz posted on X after the meeting.
The Senate Agriculture Committee added: “His previous experience as a CFTC Commissioner and knowledge of derivatives and emerging markets will serve him well as leader.”
CFTC in Flux as Leadership Changes Unfold
Quintenz’s nomination arrives during a major leadership shuffle at the agency—four commissioners have recently stepped down or announced departures. His return could reshape the CFTC’s future, particularly regarding digital assets and crypto regulation, as Washington seeks to clarify the agency’s jurisdiction over various segments of the crypto markets.
Crypto Focus and Potential Conflicts of Interest
Quintenz is expected to bring crypto policy to the forefront if confirmed. He recently disclosed $3.4 million in assets, including positions in crypto-linked companies such as Kalshi, a prediction markets platform previously entangled in a long legal battle with the CFTC.
Quintenz has assured lawmakers that he would relinquish any roles or financial ties that could pose conflicts of interest if confirmed.
@ Newshounds News™
Source: The Block
~~~~~~~~~
CALIFORNIA ASSEMBLY PASSES BILL TO ALLOW CRYPTO PAYMENTS TO STATE
Assembly Bill 1180 moves to Senate after unanimous approval, could make California a crypto-forward state by 2026.
▪️ California’s AB 1180 passed the State Assembly in a 68–0 vote.
▪️ The bill would allow crypto payments to state agencies under the Digital Financial Assets Law.
▪️ If passed by the Senate and signed by the governor, it would go into effect July 1, 2026.
California has taken a major step toward embracing digital assets, as Assembly Bill 1180 (AB 1180)—which would permit state departments to accept cryptocurrency for fees and transactions—cleared the California State Assembly with a unanimous 68–0 vote on June 2. The legislation will now move forward to the State Senate.
If passed, the bill mandates the Department of Financial Protection and Innovation (DFPI) to create a regulatory framework under which digital assets could be accepted for payment under the Digital Financial Assets Law (DFAL). The DFPI is California’s main financial regulator, balancing consumer protection with responsible innovation.
If signed into law by Governor Gavin Newsom, AB 1180 would go into effect on July 1, 2026.
According to the bill’s sponsor, Democratic Assemblymember Avelino Valencia, a pilot program would run until January 1, 2031, at which point full implementation would begin.
California could soon join states like Florida, Colorado, and Louisiana, which already accept crypto payments for specific obligations. If enacted, the DFPI would also be required to submit a comprehensive report by January 1, 2028, documenting all crypto transactions processed, as well as any technical and regulatory hurdles faced along the way.
Under DFAL, a crypto transaction is defined as a digital representation of value used as a medium of exchange, but not legal tender.
The bill underwent four amendments before passing, including the removal of a section related to ride-sharing and personal vehicles.
“Bitcoin Rights” Bill Also Progressing
AB 1180 is designed to complement another legislative effort, AB 1052, also known as the “Bitcoin Rights” bill. That legislation, which passed its first committee with an 11–0 vote on May 23, seeks to ensure that crypto self-custody and private payments remain legal and protected throughout the state.
If passed, AB 1052 would legally recognize digital assets as a valid form of payment in private transactions and prohibit public entities from banning or taxing crypto based solely on its use in payments.
California already has a budding crypto economy, with 117 merchants accepting Bitcoin payments, according to BTC Maps data.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
America Urges India To Reject BRICS: ‘Do Business With the US’
U.S. Commerce Secretary Howard Lutnick said that the United States could reach a trade agreement soon with New Delhi. Lutnick touched upon various pain points between the two nations and suggested that India should scale back its involvement in BRICS and maintain cordial business relations with the U.S.
He said that India rubbed the U.S. the wrong way after buying military equipment from its BRICS counterpart, Russia. “There were certain things that the Indian government did that generally rubbed the United States the wrong way. For instance, generally buying your military gear from Russia,” he said.
To mend things, he noted that the Modi government is now buying military arms from the U.S. “So I think India is starting to move towards buying military equipment from the United States, which then goes a long way,” he added.
BRICS: U.S. Urges India To Open Up Their Markets: ‘We Want Access to Business and Finance’
Reports suggest that the U.S. is using India as a stepping stone to disintegrate the BRICS alliance. Many countries tried to reach out to the U.S. with new trade deals after Trump imposed tariffs on various goods. Lutnick appreciated India’s efforts to be among the early countries to amend trade policies that could benefit the U.S. “I think India is trying hard to be one of the earlier countries (to reach a trade deal with the U.S.), which I appreciated,” he said.
He added that the U.S. would want access to BRICS member India’s markets to reduce the trade deficit. “But what I hope to achieve is we would like market access. We would like our businesses to have reasonable access to the markets of India. We want to have the trade deficit reduced,” he said.
Lutnick revealed that the U.S. will also allow special access to BRICS member India if it opens up its markets. “Now, in exchange for that, what India is going to want is certain key markets to make sure that they have special access to the American marketplace,” he summed up.
India Had Rejected De-Dollarization Early This Year
BRICS member India had openly stated that the country is disinterested in the de-dollarization agenda. The Modi government made it clear that they want cordial ties with the U.S. and do not want to upend existing trade deals. India’s GDP is growing, and without the help of the U.S., business transactions would come to a standstill.
Cutting ties with America is a risky affair for the Modi government, as the Prime Minister does not want to hamper the growing GDP of the country. In addition, India hosts the largest IT sector for the U.S., and the two have been going hand-in-hand for three decades. If the country messes up with its IT sector, businesses could move to other developing nations. Therefore, BRICS member India will have more to lose than gain if it ends its reliance on the U.S. dollar.
Also, Trump has always called Modi his good friend, and the two share warm and gracious relations. Both leaders highly praise the other, calling each other’s decisions tough and bold. India is the only country in BRICS that has openly shown support for the U.S. dollar by rejecting de-dollarization.
India’s Market Potential Remains a Key Focus
The U.S. knows that BRICS member India has a huge market with potential returns worth billions of dollars. Its population of 1.4 billion people holds the key to revenues and profits worth millions and billions. Elon Musk’s Starlink is also looking at an entry into the Indian markets to provide high-speed internet connections. They are also planning to make the pricing affordable to cater to a larger section of the Indian audience.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
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