Hawaii Store Owner Duped By Fake $100 Made With Real $1 Bill

Hawaii Store Owner Duped By Fake $100 Made With Real $1 Bill — how to spot forgeries linked to this technique

Christy Bieber  Tue, July 1, 2025  Moneywise

Kevin Costello, owner of Siam Imports, had a bad experience recently receiving payment with cash. A customer came into his store and paid with a fake $100 bill, but it turned out that the bill was actually a legitimate bill made into a counterfeit — and he failed to catch it.

"I had a couple other girls in here at the same time, so I didn’t really closely look at the $100, which if I would have did that I could [have] probably prevented it,” Costello said.  One reason he didn't identify the issue on the spot: The counterfeit $100 was made using a clever technique thieves are favoring recently.

Unfortunately, Costello isn't the only one to receive payment with phony money, as counterfeiting cases are on the rise in Hawaii, where he owns his business. Fake bills can cost business owners a lot of money, so it's important to understand the dangers of this crime as well as how to identify fake bills — even if the counterfeiting is done well

Bleached Money On The Rise In Hawaii

According to Honolulu police, counterfeiting and forgery rose 16.5% in the past year.

While this counterfeiting can take on different forms, one popular method — and the one that applied to the bill Costello collected — involves taking $1 bills, bleaching them and reprinting them to look like real $100 bills.

"We’re seeing more and more of these bleaching of dollar bills and then they’re being printed with 50 or 100 on them,” Tina Yamaki, president of Retail Merchants of Hawaii, said.

One reason this approach is becoming common is that it can be really hard to detect. “It still feels kind of like a paper bill because you’re still using the same, you know, paper. It’s like if you throw money through the wash. Right? It still feels like a bill, but we’re seeing a lot more people now holding it up to the light, finding out that the [counterfeit detection] pens don’t always work,” Yamaki said.

It's not just Hawaii where there is a concern. According to the Federal Reserve, around one in 40,000 bills is counterfeit, with high-denomination ($50 and $100) bills accounting for most of the fake money

While this is a significant decline in counterfeit funds since 2006, when around one in 10,000 notes was thought to be fraudulent, this still means that as much as $30 million in fraudulent money is cycling through the economy.

How To Spot Fake Money

Costello feels that his mistake in accepting the fake $100 was driven by the fact that he simply didn't take the time to look carefully enough at the bill. "Take the extra couple seconds, actually, all it would’ve took,” Costello said.

TO READ MORE:  https://www.yahoo.com/news/hawaii-store-owner-duped-fake-113100847.html

FRANK26….7-1-25……..AUDIT?

KTFA

Tuesday Night Conference Call

FRANK26….7-1-25……..AUDIT?

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=VUbQ6qOBAZo

More News, Rumors and Opinions Tuesday PM 7-1-2025

The Old Pretender: Is the Timing here Significant?

7-1-2025

The FED has now published the agenda for its 22 July. Basel III Endgame conference. Interestingly, the BoE is participating as the only foreign entity. It will be streamed live. “Integrated Review of the Capital Framework for Large Banks Conference”

https://www.federalreserve.gov/conferences/integrated-review-of-the-capital-framework-for-large-banks.htm

Is the timing here significant, just before the BRICS summit?

The (misplaced) hype around previous BRICS summits came from western commentators. Interestingly, this time the hype is coming from insiders, and those western commentators are silent.

ANI:  Delhi: PM Narendra Modi to visit Brazil from July 5 to 8 to participate in the 17th BRICS Summit, which will be held in Rio de Janeiro from July 6 to 7 Harvansh Chawla, Chairman of BRICS Chamber of Commerce & Industry, says, "This is going to be one of the most historic summits of BRICS so far and not only because PM Modi is going to be there. But keeping in mind the tariff war that the United States has started for all over the world, this summit becomes very significant as far as BRICS countries are concerned... So whatever the summit outcome will be, it will be very historic and very significant this time..."

https://x.com/i/status/1939603098001138054

India’s kabuki opposition to a BRICS currency may have been a red herring to help divert focus away from a new national currencies payments platform, which facilitates trade deficit settlement using #gold bullion. Question is, will #gold be mentioned at this BRICS summit?

Hyperinflate away the debt before implementing a new gold standard with gold-backed USTs on 4th July 2026. In the intervening period, spin the crack-up boom as an economic boom.

Garret Goggin CFA and CMT:  Trump is going full MMT. Debt and spending are good because they produce growth. Fed rates soon to be at 1%. Get ready for the biggest financial bubble of all time. Gold will do as it always does and climb higher as the USD loses purchasing power at an accelerating rate

Source(s):  https://x.com/Dioclet54046121/status/1939262081670266995

https://dinarchronicles.com/2025/06/30/the-old-pretender-is-the-timing-here-significant/

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

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

Frank26   The pin has been pulled IMO on the Iraqi dinar...Trump...is using the "idea" to play fair with currencies around the world.  He's convinced many counties to talk to him about that subject...Things are moving pretty fast IMO...

Frank26   A sovereign country must protect its borders, it's air, its water, its land, everything.  That is what Iraq is telling the world right now, that we are a sovereign nation therefore we have a sovereign exchange rate, a sovereign currency...that does not belong to 1310.  IMO $3.22 belongs to Iraq.

Militia Man   There is a new [Iraqi] Federal Supreme Court President appointed today...Salaries are part of the '23/'24 tripartite budget, they haven't been paid yet.  We also know the oil hasn't flowed yet.  But all these things are at the table at the same time just like the Supreme Court President, all today, same time, fascinating.

Can Stablecoins Save the Dollar? Why Gold Is the Real Winner –

Mike Maloney & Alan Hibbard:  7-1-2025

Is the US dollar doomed?

In this explosive episode of The GoldSilver Show, Mike Maloney and Alan Hibbard dive deep into the global de-dollarization trend, central banks' rush into gold, and the real role of stablecoins in today’s economy.

Discover the startling truth behind Treasury-backed stablecoin narratives, why central banks are dumping dollars, and how the Genius Act is being used to prop up a shaky monetary system.

Is crypto helping or hurting the dollar? Can stablecoins really save a dying fiat system?

 Backed by revealing charts and hard-hitting analysis, this is a must-watch for anyone concerned about the future of money, inflation, and financial sovereignty.

https://www.youtube.com/watch?v=80zqegfoXwA

Iraq Economic News and Points To Ponder Tuesday Afternoon 7-1-25

Central Bank Of Iraq: Foreign Exchange Reserves Sufficient To Cover 13 Months Of Imports
 
Money and Business  The Central Bank revealed on Wednesday that  Iraq's foreign currency reserves are sufficient to cover 13 months of imports.  The bank said in a report that "import coverage is often viewed as a measure of the number of months that imports could be sustained if all foreign currency inflows were to cease," noting that  "the global standard used is for reserves to cover all imports for six months."

He added,  "The ratio of foreign reserves to imports has  decreased from 16 months at the beginning of 2024   to 13 months at the beginning of 2025," indicating that"despite the decrease in the ratio, Iraq's reserves will still cover imports for 13 months if Iraq does not receive foreign currency revenues."
 
views 1537     Added 06/25/2025 - 3:59 PM   https://economy-news.net/content.php?id=56631

A Loophole: Iraq's Dollar Is Being Drained By Inflated Import Invoices From Three Countries.
 
Energy and Business  2025-06-30 05:37  Shafaq News – Baghdad  The head of the Iraq Future Foundation, Manar al-Obaidi,   revealed on Monday that there is an inflated invoice for importing goods to the Iraqi market from countries such as  China,  Turkey, and the  UAE.
 
This is a drain on the dollar by exploiting the difference between the
     official exchange rate and the
     parallel market. He emphasized the
 
need to reform the transfer and import mechanisms.
 
Al-Obaidi said in a statement received by Shafaq News Agency,
 
"When reviewing the export data of a number of countries to Iraq, such as China, Turkey, and the UAE,
 
it becomes clear that there is a clear discrepancy in the values ​​of some exported goods,
as these values ​​do not correspond to the actual prices of the goods,
 
and the quantities exported often far exceed the actual needs of the Iraqi market."  He continued:
 
"For example, the
 
     value of Iraq's imports of Chinese shoes during the first five months of this year amounted to approximately $170 million,
 
     while clothing imports amounted to approximately $600 million during the same period."

He explained that "these figures do not reflect either the   true volume of demand in Iraq or the  global prices of these goods,which strongly suggests that there are inflated invoices,   both in terms of quantity and value." 

He pointed out that  "some parties exploited the difference in the official exchange rate versus the parallel market  to conduct large-scale transfers by inflating import invoices,
 
allowing them to bypass all levels of scrutiny originally put in place to  control transfers and
     ensure they reach the legitimate recipients."  Al-Obaidi explained that,
 
"Despite the stringent measures taken by the Central Bank of Iraq,  including expanded auditing,
the current mechanism has proven in practice to be unsuccessful.
 
This is evident not only in countries' export data, but also in the decline in customs revenues,
which remain very modest compared to the volume of goods declared as imported." 

He explained that  "it is necessary to adopt a new mechanism aimed at reducing currency leakage
 
     by linking bank transfers directly to the customs duty collection process, and  not allowing transfers at the official rate until the  customs duties due based on the value of the transfer have been paid."  He emphasized that "this approach will achieve two main goals:
 
     strengthening oversight of transfers conducted at the official rate, and
     increasing the state's customs revenues by pricing goods in line with their true value."  He pointed out that  "this proposal may raise some reservations,
 
particularly from the
     perspective of fears of a rise in the exchange rate in the parallel market as a result of tightening transfers, and the
     view that such measures fall within the purview of fiscal policy, not monetary policy." 

 He stated that, "Despite the validity of these reservations, the  significant foreign currency outflow and
     declining reserves Iraq is currently experiencing as a result of uncontrolled import expansion
require exceptional measures, even if they have side effects."   

He pointed out that "economic policies, by their very nature, do not produce purely positive effects, but 
success lies in achieving balance and outweighing the benefits over the harms.

 Therefore, reforming the transfer and import mechanism is no longer an option,  but rather an urgent necessity to
     ensure economic stability and protect Iraq's foreign currency reserves."    
  
https://shafaq.com/ar/اقتصـاد/ثغرة-دولار-العراق-ي-ستنزف-عبر-تضخيم-فواتير-الاستيراد-من-3-دول 

The Integrity Commission Announces Iraq's Accession To The "Beijing Initiative To Build A Clean Silk Road."
 
Money and Business  Economy News – Baghdad  The Integrity Commission announced on Tuesday that
Iraq has joined Beijing's Clean Silk Road Initiative.  The Authority stated, in a statement received by "Al-Eqtisad News", that  "Iraq has joined the "Beijing Clean Silk Road Initiative", indicating that
 
"this comes in implementation of the text of Article (3/6) of the Memorandum of Understanding concluded between the Authority and the National Supervisory Commission in the People's Republic of China."  She added that
 
"the cooperation and coordination between the Commission and the Embassy of the People's Republic of China in Baghdad culminated in joining the initiative after completing the procedures," explaining that
 
"this will contribute to strengthening international relations and highlight the Commission's efforts, endeavors, activities, and achievements in the field of combating corruption."  She noted that
 
"the National Supervisory Commission of the People's Republic of China affirmed its readiness to enhance cooperation and joint work with the Authority in the field of anti-corruption and law enforcement, to build a clean Silk Road."  She noted the committee's welcome and announcement that
 
"Iraq has become the eighteenth country to join the initiative,
which aims to
     enhance transparency, financial and intellectual cooperation,
     develop governance and laws, and
     enhance oversight and legal awareness, in addition to
     establishing a closer network for cooperation in the field of justice and law enforcement,
     exchanging expertise and information,
     developing human resources,
     pursuing fugitives, and
     rejecting safe havens for fugitives and illicit assets."  She continued,
 
"The initiative calls for the  signing of bilateral treaties on extradition and mutual legal assistance, based on international agreements, and the   exchange of information and expertise between relevant anti-corruption agencies. It also calls for  launching highly effective cooperation in the field of combating corruption, enhancing self-discipline, legal awareness, and a sense of responsibility, and  establishing laws to combat corruption and combat bribery, with the aim of creating a sound relationship between governments and companies."  views 1647   https://economy-news.net/content.php?id=56569

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-1-25

Good Afternoon Dinar Recaps,

BRICS To Discuss Rare Earth Supply & Exports at 2025 Summit

The BRICS alliance will place rare earth elements (REEs) front and center at its upcoming 17th summit, scheduled for July 6–7, 2025, in Rio de Janeiro, Brazil. For the first time, the 10-member bloc will be joined by 14 partner countries to engage in a pivotal dialogue on the future of global trade, currency settlements, and strategic resource management.

China Controls the Global REE Chain

BRICS member China currently dominates the rare earth sector, controlling:

• 70% of the global REE supply, and

• 90% of the world’s refining and processing capacity.

In a bold move this year, China imposed export curbs on rare earth magnets on April 4, 2025, in direct response to U.S. tariffs imposed under President Trump.

The freeze on global supplies has significantly tightened REE markets, sparking growing international demand — and positioning China as the most influential voice heading into the BRICS summit.

Strategic Talks to Rewrite Rare Earth Trade Framework

Brazil’s BRICS Ambassador Kenneth Nobrega confirmed the summit will include REE discussions, led by China. He emphasized:

“You have to be mindful that BRICS countries together contribute a huge chunk to the world’s REEs. This has to be discussed because this is a result of trade tensions not created by BRICS countries.”

While formal negotiations have not yet begun, the talks signal BRICS’ growing strategic influence over critical global supply chains, particularly as the alliance expands its coordination across trade, energy, and currency systems.

U.S. Faces Strategic Setback Amid Trade Wars

With BRICS already controlling 42% of the world’s oil and gas, the bloc’s influence over 70% of rare earth exports underscores a major geopolitical shift. China’s expected leadership at the summit aims to empower member nations to trade REEs without relying on U.S.-centric systems — potentially deepening the global divide over trade norms.

The United States, already impacted by export freezes and retaliatory tariffs, now risks falling behind in the rare earth supply race — a sector crucial for defense, electronics, EVs, and renewable energy.

As tensions rise, the Rio summit could redefine the global power balance over the minerals that power the modern world.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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Thank you Dinar Recaps

BRICS SUMMIT 2025 Launches Plans to Redraw Global Power

BRICS SUMMIT 2025 Launches Plans to Redraw Global Power

Taylor Kenny:  7-1-2025

At the 2025 BRICS summit, a post-dollar system is being quietly constructed—one where gold, not the Fed, sits at the center.

 If you're holding U.S. assets, this isn't background noise.

 It’s a global reset in motion.

CHAPTERS:

0:00 BRICS

1:36 17th Annual BRICS Summit

2:55 BRICS Expansion

3:25 New World Order

 6:10 De-Dollarization

8:09 Dollar Collapse

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

News, Rumors and Opinions Tuesday 7-1-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 1 July 2025

Compiled Tues. 1 July 2025 12:01 am EST by Judy Byington

For over five decades, the fiat US Dollar’s dominance has been enforced through petrodollar agreements, military leverage, and monetary coercion. The United States printed debt-backed dollars, exported inflation to the rest of the world, and called it economic leadership.

These nations — many from BRICS, OPEC+, ASEAN, and Africa — will (allegedly) no longer conduct major trade in dollars. Settlements were shifting to gold, bilateral currency deals, and new digital asset platforms. The moment this global switch hits full velocity, dollar demand vanishes — and with it, America’s borrowed empire.

This is how the system falls: – Oil no longer requires dollars – Treasury markets stall – Bonds devalue overnight – Global reserve banks dump USD – Inflation surges beyond control. It won’t be a crash. It will be an implosion.

But behind the scenes, the Trump and the world was preparing. Quiet deals. Strategic alliances. And now, a unified move to end the era of fiat tyranny.

On Thurs. 26 June 2025 Trump’s Skybreaker Protocol (allegedly) went live, erasing the old banking system worldwide. As of 7:30 pm EST Thurs. 26 June all countries, including the US, were (allegedly)  on their new asset-backed currencies and no longer under malicious control.

As a result all banking-related debts — including mortgages, loans, and credit cards — were(allegedly)  being wiped out, permanently. This was a reset, not a bailout. The system was illegal from the start.

Income taxes were being abolished. No more IRS raids, no more wage theft. In its place: a (allegedly) 14% flat tax on luxury items only. Food, medicine, housing —(allegedly)  untaxed and protected. The IRS has been(allegedly)  shut down. Its agents (allegedly) reassigned to oversee fair taxation under Treasury authority, not corporate fiat enforcers.

The Federal Reserve was (allegedly) gone. Its monopoly on money creation has (allegedly) ended. In its place: a gold, silver, and platinum-backed Rainbow Currency, immune to manipulation and printed theft.

Right now there was(allegedly)  a Military surge of unified forces in air, land, sea, space and cyber. They just activated red level protocols. Covert units are fortifying cities, back roads and power hubs. They are not training, they are securing Quantum Redemption Nodes for imminent wealth release.

And on Fri. 4 July 2025 Trump was expected to announce the Global Currency Reset.

~~~~~~~~~~~~~

Sun. 29 June 2025 A2Z RV Update:

The current theory is that Iraq will (allegedly)  publicly announce its new exchange rate on Monday, June 30th, marking a key step in the long-anticipated RV timeline.

Reports indicate that U.S. private wealth managers (not Redemption Center staff) are preparing for client exchanges, with appointments possibly starting Tuesday.

Basel III is set to activate Monday night, requiring all banks to be gold- and asset-backed. This aligns with Bruce’s statement that entities were already asset-backed by Thursday night, ahead of the global implementation on July 1st.

Some are still expecting a formal asset-backed currency announcement from President Trump, but Jerome Powell publicly confirmed the shift during a Senate hearing on June 25th. The question remains: is a Trump statement still needed, or have Powell’s remarks and details within the Big Beautiful Bill (BBB) already covered it?

The Big Beautiful Bill is key. Over 16 hours were spent reading it in the Senate, including definitions like the scientific definition of a woman, and sections related to foreign currency exchanges and gold-backed assets—both of which align with Basel III, taking effect in the U.S. at midnight EST Monday.

Stay grounded. Stay alert. There is plenty of Public ACTION happening for us to move forward….it’s coming! Our DREAMZ are coming true!!

Read full post here:  https://dinarchronicles.com/2025/07/01/restored-republic-via-a-gcr-update-as-of-july-1-2025/

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

Frank26 The parallel market and the official exchange rate is rapidly closing...Once it reaches 1 to 1 with the pairing of the American dollar internationally it will be in position to float in an international basket with other currencies.

Sandy Ingram   This is what is important.  To obtain IMF Article VIII status a country must demonstrate that it maintains a freely usable and convertible currency and allows current account transactions to flow without restrictions.  This means the country cannot impose controls or delays on international payments...The central bank must also avoid multiple exchange rates or practices...Instead it must commit to transparent market-based exchange rate policies and permit fair access to foreign exchange.

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

Fed in the Red: A Monopoly on Money with Billions in Losses

Lynette Zang:  6-30-2025

The Federal Reserve holds a monopoly on money creation—so why is it drowning in losses? Lynette expose the hidden mechanics of seigniorage, inflation, and the debt spiral that's eroding your wealth in plain sight.

The system is designed to profit from you and I but sound money like gold and silver is the path to financial safety.

https://www.youtube.com/watch?v=ss1B3r-vBY8

Tuesday Coffee with MarkZ. 07/01/2025

Tuesday Coffee with MarkZ. 07/01/2025

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- It’s a new month, and new quarter. Let's see a ReValue.

Member: Happy Canada Day for ll the Canadians here.

Member: Good Terrific Tuesday……What’s the good new Mark?

MZ: I know 2 people (I know one personally) who have Super Petchelli bonds -that have appointments later on today. They have actually traveled there and have meetings set.

MZ: Another with historic assets has traveled and is in place for the transaction. To walk in…trade assets and walk out with dollars.

MZ: We are seeing real measurable movement.

Member: With all the sudden bond movement, what do you think that gives us a timeline for group 4B or us whatever you wanna call us lol

Member: Is this the week we have been waiting for?

MZ: I hope so……seems like some odd things are coming together. The government and banks in Iraq will be closing on both Tuesday  and Sunday this week. Banks say they are taking a “bankwide inventory”. This was announced unexpectedly. My people on the ground in Iraq are excited.

MZ: This is a golden opportunity for a rate change in my book.

Member: and the US has a 3 day weekend with the 4th of July on Friday. Iraq correlates with our 4th of July weekend

Member: So is it true the Dinar is on Forex and Bloomberg at this point? Yes still at 1310 but being up and live for the first time in 22 years would be an incredible preemptive step towards the RI and REER!

MZ: I know there are lots of rumors out …and yes we have seen some crazy rates popping again overnight last night. A systems test of some sort???

Member: Global gold reserves from central banks just hit 36,000 tonnes. This is approaching levels not seen since the Bretton Woods era in the 1960s.

Member: The Ministry of Trade announced plans on Saturday to develop infrastructure by digitizing services to accelerate trade and reduce costs.

Member: When the RV goes and currencies are asset backed including USA, wouldn't they all be 1:1?

Member: Eventually they will…according to Mr. C. First they revalue…..then they reset to parity?

MZ: “A new development in the payroll file” Today Kurdistan dues are awaiting federal government vote. This could be a huge move in settling the HCL, oil and gas law ect….which we keep hearing is a final step before values change.

MZ: “Inflated bills and dollar smuggling continues despite American controls. Expert calls for exceptional measures” I think it may be an excuse to close the financial borders…stop anything coming and going from the country. We were told this would happen right before the change... yes- they have mechanisms in place to close the financial borders.

MZ: “Banking activity stopped in Iraq”  stopped on Tuesday for semi annual bank procedures. No reception of customers….this sudden inventory is odd.

 Member: Just RV already and let the good times roll!!!!!

Member: thanks Mark and Mods…..seems are hearing up this week. Praying this is finally “it”

Member: Everyone enjoy your day.

The mushroom ladies are on stream today. Please listen to the replay for their information

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=7TSky9LmxNI

Iraq Economic News and Points To Ponder Tuesday Morning 7-1-25

Oil Negotiations Between Baghdad And Erbil Are Nearing A Final Settlement: Resumption Of Exports Is Imminent – Urgent

 Economy Yesterday, | 549  Baghdad Today – Baghdad  The energy advisor at the Patriotic Union of Kurdistan's media office, Bahjat Ahmed, revealed on Monday (June 30, 2025)   significant progress in the ongoing negotiations between the Baghdad and Erbil governments regarding the Kurdistan Region's oil exports, indicating that an agreement is very close.

Details of the expected agreement

Ahmed told Baghdad Today that  the federal government's technical delegation had returned to Baghdad, while another delegation from the Kurdistan Regional Government,  including the chief of staff of the regional government and the Minister of Natural Resources,  headed to the capital for an expanded meeting with Oil Minister Hayan Abdul Ghani.

Ahmed explained that "the results of the negotiations are very positive, and   an agreement is imminent.
 
The issue of resuming Kurdistan's oil exports may be resolved within the current week."

He added,  "The agreement includes Baghdad assuming the debts of foreign oil companies from October 2022 until the date oil exports cease, amounting to $1.2 billion,  in exchange for the regional government delivering 300,000 barrels of oil per day to Baghdad." Ahmed continued,
 
OPEC meeting and increasing Iraq's share
 
"The OPEC meeting scheduled for next month will discuss increasing oil quotas,
including Iraq's, which will allow the region to benefit from its 300,000 barrels per day share."
 
It's worth noting that the Kurdistan Region's oil exports via the Turkish-Ceyhan pipeline were halted in March 2023, following a ruling by the International Court of Arbitration of the International Chamber of Commerce in Paris, which upheld the Iraqi federal government's position as the sole authority  uthorized to manage oil exports.
 
Since then, Baghdad and Erbil have engaged in a series of negotiations aimed at reaching a new agreement that would guarantee the resumption of exports in a legal and orderly manner,
amidst the significant financial losses the region has incurred as a result of the suspension of oil revenues.
 
Political parties hope to capitalize on this opportunity to reach a comprehensive solution,
especially with anticipation of the next OPEC meeting,
which may approve an increase in production quotas,
opening a window to reap the benefits of the region's export capacity.     https://baghdadtoday.news/277481-.html 

“Development Road"... The First Direct Freight Transport Through Iraq
 
Economy    2025-06-28 | Source:  Russia Today   8,755 views Istanbul, Turkey, hosted a ceremony to launch truck transport operations between Turkey, Iraq, Kuwait, Germany, and Jordan.

The ceremony was held on the sidelines of the Global Transport Corridors Forum,
held at the Istanbul Congress Center.  Agency reported Anadolu that  the transit route through Iraq had been closed to transportation since 2003,preventing transit through Iraq.

 She added that with Baghdad implementing the truck system, the transit route was opened,
with three vehicles departing on June 25 to transport goods to Kuwait via Iraq,
marking the first direct shipment to Kuwait in 22 years.
 
Since the transit route through Syria has been closed since 2011,
direct land transport to Jordan has not been possible.

The agency noted that on June 27, 2025, a vehicle carrying goods from Germany was transported to Jordan via the Turkey-Iraq route,  marking the first direct land transport to Jordan in 14 years.
 
Speaking at the ceremony,
Turkish Minister of Transport and Infrastructure Abdulkadir Oraloğlu said
 
they want trucks to travel by land     from Turkey to Iraq,     then Kuwait and Jordan
as the first stage of the "development road."

He added,  "We have made a preliminary start.
This is a rehearsal for the development path.
 
We will have implemented the initial project to maintain the vitality of the corridors.
 
We will track the trucks departing from Türkiye."
 
For his part, Nasser Al-Asadi, advisor the Iraqi Prime Minister's on transportation,
said his country seeks to connect the East and West through its territory. He added,
 
"We fully support the development path and congratulate Türkiye.]

This is the first step, and we await the next steps."
 
The "Development Road" is a land and railway route extending from Iraq to Turkey and its ports.
 
It   is 1,200 km long inside Iraq and
     aims to transport goods between Europe and the Arab Gulf states.     
  
https://www.alsumaria.tv/news/economy/531639/طريق-التنمية-أول-نقل-مباشر-للبضائع-عبر-العراق  

Popular Satisfaction
 
Economic 06/30/2025  Yasser Al-Mutawali  It seems that the agricultural policy in Iraq has achieved good results in the field of providing agricultural crops, especially vegetables, in good abundance and at prices suitable for all segments.
 
This is what I have witnessed with my own eyes and touch as I observe and look on my way to the fruit and vegetable markets, and I see satisfaction on the faces of shoppers regarding the    products and   prices  in the conversations of men and women during the current season,  despite some variation in prices between one seller and another.

However, overall, the prices are acceptable to the consumer on average.
 
It is noteworthy that the
limited-income segments are happy with this achievement when shopping and
they see an increase in the level of shopping on their part.
 
Instead of buying half a kilo of tomatoes, cucumbers, or eggplant,
the purchase has increased to more than a kilo,
which indicates the possibility of purchasing power in the family budget.
 
To get more items.
 
It confirms the truth of what I have gone to, that there is relief
 
Drawn on faces
 
My focus here is on low-income groups, as they are the true indicator of the level of satisfaction with prices.
 
This is because the demands of well-off families remain in acquiring a surplus of what they need,
according to their purchasing power, and this is the reality.
 
This phenomenon indicates the Sudanese people's support and interest in the agricultural sector, as
they are from this class decline first, and
then their specialization as agricultural engineers and their reliance on expert advice.

Veteran Farming.
 
On the other hand, the government's wise policy in dealing with the water issue with neighboring Türkiye has achieved  a somewhat acceptable water level to cover the farmers' water quotas.
 
In addition to the unlimited support for the agricultural sector, both agricultural and irrigation,  
it has had a positive impact on the country's agricultural policy in achieving a balance between imports and local production.
 
We expect agriculture to have a bright future if it continues to achieve this balance,
achieving reasonable prices for consumers, producers, and intermediary sellers.
 
Perhaps one of the results of the development in agricultural policies,
which is a reflection of the unlimited support from the government,
is the increase in the rate of production of strategic crops (wheat, barley, corn, and other crops).
 
Fodder and barley.
 
It must be noted that this support has also been reflected in
     encouraging farmers and agriculturalists to adopt modern irrigation techniques, as well as
     agricultural mechanization,
which the government has supported the provision and importation of,
along with ongoing guidance programs on their uses.
 
We hope to maintain this happy model that   achieves food security and  brings joy to low-income groups in obtaining it. On her daily sustenance easily.      https://alsabaah.iq/116712-.html  

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 7-1-25

Good Morning Dinar Recaps,

Texas Declares Gold and Silver Legal Tender Starting 2027

In a bold legislative move, Texas will officially recognize gold and silver as legal tender for day-to-day transactions beginning May 1, 2027, following the signing of House Bill 1056 by Governor Greg Abbott.

Precious Metals Return to the Marketplace

Governor Abbott announced on X (formerly Twitter) that he had signed HB 1056 into law, which amends the Texas Government Code to include gold and silver as recognized legal tender, with their transactional value to be set by the state comptroller at the time of exchange.

“No state shall make any thing but gold and silver coin a tender in payment of debts.”
— U.S. Constitution, Article I, Section 10, cited by Governor Abbott.

Importantly, the new law does not eliminate or prohibit the use of Federal Reserve notes or U.S. dollars, nor does it require individuals or businesses to accept gold or silver for payments or deposits.

Digital Gold, Bitcoin, and Broader Monetary Shifts

The passage of HB 1056 was part of a larger package of financial reforms in Texas. On the same day, Abbott also signed legislation approving the creation of a strategic Bitcoin (BTC) reserve for the state, further positioning Texas at the forefront of alternative currency policy in the United States.

The move comes as several Republican-led efforts in the state push for monetary diversification, from physical precious metals to digital assets like cryptocurrency and potentially even gold-backed digital currencies.

Public Skepticism and Practical Hurdles Remain

While some Texans support the return of gold and silver to daily commerce, others have expressed concern about the practicality and authenticity of such transactions.

“How is the retailer going to protect themselves and ensure the gold or silver coin is authentic and not counterfeit?”  — Reddit user “the_shootist” in response to a similar 2015 proposal

Questions remain around retail compliance, valuation mechanisms, and the logistics of physical asset verification in modern commerce.

Legal and Historical Context

The United States abandoned the gold standard in 1933, when President Franklin D. Roosevelt ordered the return of all privately held gold to the Federal Reserve. Under current constitutional constraints, individual states cannot issue their own currency, but they can recognize precious metals as legal tender—as long as their use remains voluntary.

Texas now joins a growing number of states acknowledging gold and silver in law, though none require businesses to accept them. Some local economies have experimented with “Goldbacks”—privately issued gold-foil notes used in select transactions—though these are not backed by any state or federal entity.

Looking Ahead

While HB 1056 won’t take effect until 2027, it signals a growing push in the U.S. toward currency alternatives, both physical and digital. With Texas now recognizing precious metals as transactional assets and exploring Bitcoin reserves, the state is staking its claim as a leader in monetary innovation.

Whether this movement gains broader traction—or remains symbolic—will depend on implementation, retailer adoption, and the public’s willingness to embrace hard assets in a digital-first world.

@ Newshounds News™
Source: Cointelegraph   

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Ripple Launches XRPL EVM Sidechain, Bringing XRP to Ethereum dApps

In a major step toward blockchain interoperability, Ripple’s XRP Ledger (XRPL) has launched its long-anticipated Ethereum Virtual Machine (EVM)-compatible sidechain, enabling XRP to integrate with Ethereum decentralized applications (dApps) and use XRP as gas.

The launch, announced on June 30, was developed in partnership with blockchain infrastructure firm Peersyst, and marks a strategic move to position XRP at the center of Ethereum’s vast and active DeFi ecosystem.

Multichain Interoperability Begins

“With the launch of XRPL EVM, we’re unlocking a new era for XRP — one where it can flow seamlessly across the multichain world. This isn’t the finish line; it’s Day 1 of a much bigger journey toward interoperability, programmability, and utility at scale.”
— Ferran Prat, Peersyst

The new EVM sidechain allows developers to deploy Ethereum-compatible smart contracts while maintaining the performance and efficiency of the XRP Ledger. It brings faster transaction speeds and lower costs compared to Ethereum—benefits that make it especially attractive for high-volume dApps.

Ripple CTO: A Bridge Between Two Ecosystems

Ripple CTO and XRP Ledger co-creator David Schwartz praised the initiative as a bridge between two powerful ecosystems:

“The XRPL EVM Sidechain introduces a flexible environment for developers to deploy EVM-based applications, while maintaining a connection to the XRPL’s efficiency. It extends the capabilities of the ecosystem without changing the fundamentals that make the XRPL reliable.”

With this move, Ripple aims to expand the utility and developer base of the XRP Ledger, tapping into the broader EVM ecosystem, which includes thousands of existing Ethereum dApps and smart contract developers.

Cross-Chain Infrastructure via Axelar

The new sidechain is connected to the main XRP Ledger via the Axelar bridge, a secure interoperability layer designed for enterprise-grade applications. This integration enables seamless cross-chain operations between XRP and Ethereum-compatible networks.

“Crypto is entering an exciting phase as institutions and enterprises are pursuing compelling new use cases. The XRP Ledger EVM Sidechain is positioned to capture this rising demand, and Axelar is the secure, institutional-grade connector that will make it possible.” — Georgios Vlachos, Axelar Foundation

Institutional and Enterprise Use Cases in Focus

The launch of the XRPL EVM Sidechain is part of Ripple’s broader strategy to attract institutional and enterprise clients, many of whom are exploring multichain solutions to optimize speed, cost, and scalability in blockchain infrastructure.

With XRP now integrated into Ethereum’s DeFi landscape, Ripple aims to position itself as a leading player in cross-chain finance, offering tools that combine the reliability of XRPL with the programmability of Ethereum.

@ Newshounds News™
Source: Crypto.news   

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 7-1-2025

TNT:

Tishwash:  Iraq suspends official work next Sunday

Sunday, July 6, 2025, is an official holiday for all ministries and government institutions, coinciding with the tenth of Muharram, the anniversary of the killing of Imam Hussein ibn Ali, the grandson of the Prophet Muhammad and his daughter Fatima al-Zahra, according to the official holidays in Iraq.

The Cabinet Affairs and Committees Department at the General Secretariat of the Cabinet clarified in a statement today, Tuesday, that the holiday came based on the provisions of Article (1/First/C) of the Official Holidays Law (12 of 2024).

Shia Muslims commemorate the martyrdom of Imam Hussein, his family, and his companions in the Karbala massacre, and the commemoration continues until the Arbaeen pilgrimage, forty days after the day of Ashura.  link

Tishwash:  After being withdrawn for security reasons, a portion of the US embassy staff in Baghdad has returned.

 A portion of the US embassy staff in Baghdad has returned to work after being temporarily evacuated due to security concerns surrounding the war between Israel and Iran.

 A video recording on Saturday showed two helicopters landing at the US embassy compound in the Green Zone in central Baghdad, with a number of employees disembarking from them.

On June 12, the day before the outbreak of the 12-day war between Israel and Iran, the US State Department ordered the withdrawal of non-essential staff from its embassy in Baghdad and its consulate in Erbil.

A US official confirmed that additional personnel were withdrawn later on June 21 and 22.

 On June 21, the US Embassy in Baghdad warned its citizens against traveling to Iraq for any reason.

She explained that both the embassy in Baghdad and the consulate in Erbil have temporarily suspended routine visa services, but remain open for consular services to US citizens.

Some news websites close to armed factions in Iraq had previously reported that all US embassy staff had left the embassy compound last Friday.  link

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

Tishwash:  Erbil-Baghdad Salary Deal Nearing Finalization; Oil Export Mechanism Key to Agreement

KRG and Baghdad near deal to resume oil exports and release delayed salaries. A KRG delegation met with top Iraqi officials, including Oil Minister Abdul-Ghani. Baghdad may release May salaries this week; debt to oil firms and export terms remain key issues.

 The Kurdistan Regional Government (KRG) and the federal government in Baghdad are reportedly on the verge of reaching a pivotal agreement that could pave the way for the disbursement of delayed salaries to public sector employees in the Kurdistan Region as early as this week.

According to a well-informed source familiar with the high-level negotiations, a senior KRG delegation has been in Baghdad for three consecutive days holding crucial meetings with Iraqi government officials.

The source, speaking to Kurdistan24’s Dilan Barzan, stated: "A high-level KRG delegation has been in Baghdad for three days and has held a series of top-level meetings with Iraqi government officials. As of 1:00 PM today, Monday, June 30, 2025, the KRG delegation is scheduled to meet with Iraq’s Oil Minister, Hayan Abdul-Ghani, at the Council of Ministers."

One of the central issues under discussion is the mechanism for resuming oil exports from the Kurdistan Region, which were halted following a 2023 ruling by the Paris-based International Court of Arbitration.

The same source told Kurdistan24 that while "Erbil and Baghdad have reached a mechanism for exporting Kurdistan’s oil," several outstanding points of disagreement remain. Nonetheless, expectations are high that a comprehensive agreement will be reached during Monday’s meetings.

Under Iraq’s general budget law, the KRG is required to deliver 400,000 barrels of oil per day to Iraq’s state marketing company, SOMO. However, the current negotiations appear to have adjusted these terms.

The Kurdistan24 source noted: "About 280,000 barrels are to be delivered to SOMO daily, and the remaining 120,000 barrels are to be allocated for internal consumption by both Iraq and the Kurdistan Region."

A major hurdle yet to be resolved is the significant debt owed to oil-producing companies operating in the Kurdistan Region. This debt—estimated to be close to $1 billion—has become a critical issue following the aforementioned court ruling.

"This debt became a sticking point after a 2023 ruling by the Paris International Court. It is hoped that today’s meeting will also resolve this issue, as the companies are unwilling to resume oil exports without first being repaid," the source said.

Meanwhile, optimism remains high that the progress achieved thus far will translate into immediate economic relief for civil servants in the Kurdistan Region.

Sabah Sobhi, a member of the Iraqi Parliament’s Oil and Gas Committee, confirmed to Kurdistan24: "Tomorrow, Tuesday, July 1, 2025, the Iraqi Council of Ministers is scheduled to convene. It is expected that a decision will be made during the meeting to release the salaries of Kurdistan Region employees, with payment for the month of May to be issued by the end of this week."

The potential breakthrough comes after months of tension and repeated negotiations over oil revenue sharing, salary payments, and administrative control, which have strained relations between Erbil and Baghdad. If finalized, the agreement could mark a significant step forward in stabilizing financial relations between the two governments and alleviating public discontent in the Kurdistan Region.  link

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

Tishwash:  Uptick in Iraq TIR operations injects fresh momentum into trade flows

Amid threats to transport and trade caused by geopolitical conflicts, IRU’s Secretary General put the spotlight on the continued, and expanding, success of the global TIR transit system at Türkiye’s Global Transport Connectivity Forum 2025.

Polish transport operator the Milton Group recently completed a roundtrip journey from Poland to the Gulf Cooperation Council (GCC) region, via Iraq’s newly operational TIR corridors, in 10 days, compared to 24 days for traditional maritime-based multimodal routes.

TIR operations are also starting from departure points such as Mersin, Türkiye, to the GCC via the Iraqi seaport of Umm Qasr. With TIR, this journey is being completed securely in less than a week, which can take up to 26 days if the ship needs to reroute around Africa.

These are just some examples of what is now possible with TIR via Iraq.

Speaking at the Global Transport Connectivity Forum in Istanbul, IRU Secretary General Umberto de Pretto said, “We have seen a remarkable uptick in TIR transport operations through Iraq, connecting Türkiye with GCC countries, and increasingly, with Iran and beyond.

“The implementation of TIR in Iraq is more than a technical milestone, it is a strategic one. It signals Iraq’s determination to be not just a beneficiary of regional trade, but a key facilitator of it."

At the heart of this ambition is Iraq’s Development Road Project: a transformative initiative that will link the port of Al-Faw in the south to Türkiye and Europe via the north of the country.

“Iraq’s Development Road Project is a statement of intent. A message that Iraq is ready to resume its historical role as a crossroads of civilization, commerce and connectivity. It’s a message that Iraq is now open for business,” said Umberto de Pretto. 

“However, the success of this corridor depends not just on highways and other ‘hard’ infrastructure. It also depends on the ‘software’ of international road transport infrastructure, such as harmonised trade systems, smart borders, and efficient customs regimes. This is where TIR brings tremendous value,” he added.

Beyond the Development Road Project, IRU continues to support the Middle East and Central Asia in building more efficient and resilient transit corridors. IRU is actively promoting the digitalisation of TIR, supporting cross-border training and capacity building, and engaging with governments to simplify transport rules and procedures.

“Despite our progress, we must confront the reality that border bottlenecks, long waiting times, and high transit costs continue to burden trade across the region when TIR traffic is not prioritised. To address these issues, IRU strongly promotes the establishment of TIR-EPD Green Lanes at border crossings,” said Umberto de Pretto.

TIR-EPD Green Lanes use IRU’s electronic pre-declaration tool, TIR-EPD, enabling transport operators to submit cargo information electronically to customs prior to arrival. They have already been successfully implemented in Kyrgyzstan, Moldova, Romania, Saudi Arabia, Turkmenistan, the UAE, and Uzbekistan. TIR-EPD Green Lanes accelerate border crossings by up to 92%, reduce the workload for border officials, and provide greater predictability and security in transport planning.

“The TIR system is not a silver bullet; but it is a powerful enabler. When combined with bold initiatives like the Development Road Project and regional leadership from countries like Türkiye, it can unlock the true potential of global connectivity,” concluded Umberto de Pretto. “Let us work together, not just to move goods, but to move forward.”  link

Mot:  Finally!!! - A Day Off!!!  

Mot:  Ya Ever Wonder!!!???