Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Saturday Morning 7-19-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins Backs Tokenized Future, Signals Break from Gensler-Era Crypto Crackdown

SEC Shifts Toward Innovation: Tokenization, Stablecoins, and Digital Asset Reform

The U.S. Securities and Exchange Commission (SEC), under Chair Paul Atkins, is embracing a major strategic pivot—moving from regulatory enforcement to innovation—as digital assets and tokenized finance redefine global markets.

Good Morning Dinar Recaps,

SEC Chair Paul Atkins Backs Tokenized Future, Signals Break from Gensler-Era Crypto Crackdown

SEC Shifts Toward Innovation: Tokenization, Stablecoins, and Digital Asset Reform

The U.S. Securities and Exchange Commission (SEC), under Chair Paul Atkins, is embracing a major strategic pivot—moving from regulatory enforcement to innovation—as digital assets and tokenized finance redefine global markets.

Atkins’ vision includes a proposed “innovation exemption” designed to promote tokenized securities, ease trading restrictions, and accelerate blockchain adoption. This shift comes as Congress passes the GENIUS Act, creating a federal framework for stablecoins and confirming crypto’s place in the U.S. financial future.

Tokenization Gains Momentum as SEC Launches Innovation Exemption

Atkins is leading the SEC to encourage tokenization by reducing regulatory burdens. The innovation exemption would:

  • Enable early-stage digital platforms to operate with limited regulatory relief

  • Encourage on-chain asset movement while maintaining investor protections

  • Support a future where, as Atkins puts it, “if something can be tokenized, it will be.”

This marks a clear departure from the Gensler-era enforcement-first approach, aiming instead to create a flexible regulatory path for blockchain-native financial infrastructure.

Stablecoins Enter the Regulatory Mainstream Under the GENIUS Act

The newly passed GENIUS Act—“Guiding and Establishing National Innovation for US Stablecoins”—is set to transform stablecoin regulation by:

  • Requiring issuers to back tokens with short-term U.S. Treasuries or similarly liquid assets

  • Clarifying that stablecoins fall under banking authorities, not securities law

  • Setting a timeline for implementation within 18 months of President Trump’s expected signature

Analysts project that with legal certainty, the stablecoin market could grow to $3.7 trillion by 2030. The SEC has expressed support, even while remaining focused on ensuring risk mitigation and consumer safeguards.

Post-Gensler SEC Strategy: Regulation Without Roadblocks

Atkins is also poised to revise or reverse several crypto-hostile rules from his predecessor, Gary Gensler. His new strategy includes:

  • Reevaluating digital asset custody rules for brokers

  • Reclassifying crypto products to better fit emerging structures

  • Fostering innovation without sacrificing accountability

This approach aligns with congressional momentum and global market demands. By embracing tokenization, decentralization, and digital frameworks, the SEC hopes to reclaim leadership in financial innovation.

America’s Digital Finance Outlook: A Global Leadership Bid

With legislation, agency reform, and private sector demand all converging, Atkins’ SEC is positioning the U.S. as a global hub for tokenized and decentralized finance. The strategy prioritizes:

  • Transparency and market integrity

  • Adaptable regulations for blockchain-native assets

  • A collaborative approach to balance innovation with investor protection

As the U.S. builds its next-gen financial infrastructure, this could be the beginning of a new era—one where tokenized assets, digital currencies, and smart contracts underpin the financial system.

@ Newshounds News™
Source: 
CoinCentral

~~~~~~~~~

Ripple CEO Hails GENIUS Act as Historic Fintech Milestone—XRP Positioned for Breakout

GENIUS Act Ushers in New Era for Stablecoins, Institutional Crypto, and Ripple’s Regulatory Standing

Ripple CEO Brad Garlinghouse is calling the GENIUS Act a “truly historic moment” for U.S. fintech and the digital asset industry. With its recent passage in the U.S. Senate, the legislation sets the first comprehensive federal framework for stablecoin regulation—and it may be the clearest signal yet that XRP and Ripple are entering a new phase of legitimacy and growth.

What the GENIUS Act Does

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act—championed by bipartisan lawmakers including Senators Gillibrand, Lummis, Scott, and Hagerty—lays out key regulatory provisions for all U.S. dollar-backed stablecoin issuers:

  • 1:1 Reserve Backing using U.S. dollars or short-term Treasuries

  • Monthly Transparency Reports and Annual Audits

  • Stablecoin issuance restricted to regulated financial institutions only

According to Garlinghouse, “For years, crypto companies have asked for clear rules. This is a major step.”

Ripple’s RLUSD Stablecoin Already Fully Compliant

Ripple’s stablecoin, RLUSD, which launched in 2024 and now holds a $470 million market cap, already satisfies all GENIUS Act criteria. Ripple has:

  • Over 50 state-level money licenses

  • Ongoing partnerships with major financial institutions like BNY Mellon

  • Applied for a national bank charter and a Federal Reserve master account, allowing it to hold reserves directly with the Fed

Ripple’s aggressive positioning highlights a strategy to become a central player in compliant stablecoin issuance and cross-border payments.

XRP Set to Benefit as Institutions Re-Evaluate Settlement Options

With over 300 partnerships worldwide, including Mastercard and Standard Chartered, Ripple’s infrastructure is increasingly viewed as institutional-grade. Analysts believe that the XRP Ledger (XRPL) and XRP token will become preferred tools for:

  • Cross-border settlements

  • Transaction fees within RippleNet

  • Acting as liquidity rails for tokenized asset flows

The GENIUS Act removes previous ambiguity about XRP’s role, likely attracting institutional adoption as clarity takes hold.

XRP Market Surge and Outlook: $4–$7 Target in 2025

The market is already responding. As of today, XRP is trading at $3.56, reflecting a 13.43% increase in the past 24 hours and 39.01% over the past week.

Analysts say that if the GENIUS Act passes the House and is signed into law, XRP could see a significant boost in both investor confidence and use-case demand. Many now predict a price range of $4 to $7 by year’s end, especially with the potential approval of XRP-based ETFs.

Ripple’s Regulatory Ascent: From Lawsuits to Leadership

Once embattled by regulatory uncertainty, Ripple now finds itself at the center of a regulated, institutional-grade digital economy. The GENIUS Act could mark the turning point—not just for stablecoins, but for Ripple’s broader mission of modernizing global finance.

@ Newshounds News™
Source: 
Crypto News Flash

~~~~~~~~~

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Don’t Withdraw From Your Savings Account on This Day of the Week

Don’t Withdraw From Your Savings Account on This Day of the Week

Cindy Lamothe  Thu, July 17, 2025  GOBankingRates

We all have our quirks — some of us avoid checking our bank balance after a weekend splurge, others swear by budgeting apps and color-coded spreadsheets.

But did you know what day you tap into your savings could actually matter?

It might sound a little superstitious, but there’s some logic behind it. Before you hit “transfer” on your savings account, here’s why you might want to pause — especially on the particular day of the week below.

Don’t Withdraw From Your Savings Account on This Day of the Week

Cindy Lamothe  Thu, July 17, 2025  GOBankingRates

We all have our quirks — some of us avoid checking our bank balance after a weekend splurge, others swear by budgeting apps and color-coded spreadsheets.

But did you know what day you tap into your savings could actually matter?

It might sound a little superstitious, but there’s some logic behind it. Before you hit “transfer” on your savings account, here’s why you might want to pause — especially on the particular day of the week below.

Monday Is the Worst Day To Pull Money From Your Savings Account

Monday is frequently the worst day to pull money from your savings account for a number of important reasons, according to Rami Sneineh, vice president of Insurance Navy.

For one, he said banks usually catch up with transactions from the previous weekend on Monday, which can cause discrepancies in your account balance.

“If you are taking a withdrawal early Monday morning, the movement could settle before your weekend transactions have a chance to properly update,” he added.

That means you could end up spending more than you actually have in the bank, which could lead to overdaft fees and your payment could be declined if the funds have not been taken yet.

Most People Are Paid on Fridays — Creating Downturn in Funds

In addition to the above, Sneineh said numerous individuals are paid on Fridays, which can create a natural downturn in funds by the time Monday comes around.

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/don-t-withdraw-savings-account-150216996.html

Taboola the same on the Bottom of Posts
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'We’re sleeping walking into a gold-backed world order' warns Ex-McKinsey

'We’re sleeping walking into a gold-backed world order' warns Ex-McKinsey

Daniela Cambone:  7-18-2025

“If I wanted to destroy the U.S. dollar, I couldn’t do a better job than what this government is doing,” says Ken Hoffman, head of commodity strategy at Red Cloud and former global metals expert at McKinsey and Bloomberg Intelligence.

 Speaking with Daniela Cambone, Hoffman highlights how de-dollarization and central bank gold buying are driving gold toward new highs.

“Midterm $5,000 an ounce is a fairly easy target, but $10,000 plus... the world is almost returning to a gold standard in some ways.”

'We’re sleeping walking into a gold-backed world order' warns Ex-McKinsey

Daniela Cambone:  7-18-2025

“If I wanted to destroy the U.S. dollar, I couldn’t do a better job than what this government is doing,” says Ken Hoffman, head of commodity strategy at Red Cloud and former global metals expert at McKinsey and Bloomberg Intelligence.

 Speaking with Daniela Cambone, Hoffman highlights how de-dollarization and central bank gold buying are driving gold toward new highs.

“Midterm $5,000 an ounce is a fairly easy target, but $10,000 plus... the world is almost returning to a gold standard in some ways.”

On copper, Hoffman points to a lack of coherent U.S. strategy, which is contributing to the dollar’s decline and causing market instability.

 Is the world quietly moving back toward a gold standard?

Watch Ken Hoffman break it down.

Chapters:

00:00 – Where gold and the U.S. dollar stand now

 06:16 – When will gold hit $10,000?

07:24 – Why gold is being stored in Singapore

 09:52 – Central banks’ plan with gold

 11:24 – The BRICS shift away from the dollar

 13:24 – Is a gold-backed currency coming?

14:39 – Silver's role

16:02 – Copper market is going wild

https://www.youtube.com/watch?v=jJOL50YejY4

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More News, Rumors and Opinions Friday PM 7-18-2025

KTFA:

Clare:  A delegation from the region will visit Baghdad on Sunday to implement the oil and salaries agreement.

7/18/2025

Kurdistan Democratic Party (KDP) leader Wafaa Mohammed Karim announced that a government delegation from the Kurdistan Region will visit the capital, Baghdad, next Sunday, to implement the federal cabinet's decision issued yesterday.

Karim explained in a statement to Al Furat News Agency that "the Kurdistan Region agreed to deliver 1.23 million barrels of oil per month to the State Oil Marketing Organization (SOMO), in exchange for receiving revenues worth 120 billion dinars per month, while keeping 50 thousand barrels for internal use and petroleum derivatives."

KTFA:

Clare:  A delegation from the region will visit Baghdad on Sunday to implement the oil and salaries agreement.

7/18/2025

Kurdistan Democratic Party (KDP) leader Wafaa Mohammed Karim announced that a government delegation from the Kurdistan Region will visit the capital, Baghdad, next Sunday, to implement the federal cabinet's decision issued yesterday.

Karim explained in a statement to Al Furat News Agency that "the Kurdistan Region agreed to deliver 1.23 million barrels of oil per month to the State Oil Marketing Organization (SOMO), in exchange for receiving revenues worth 120 billion dinars per month, while keeping 50 thousand barrels for internal use and petroleum derivatives."

He added that "practical measures to implement the decision will begin next Sunday," noting that "there is insufficient confidence in the federal government's promises. We await actual results from the federal authorities, and that government delegations from the region are closely monitoring the matter."

From.. Raghad   LINK

Clare:  Minister of Industry: The Cabinet's decision on the region's imports included solutions to issues that have been pending for years.

7/17/2025  Baghdad - INA

Minister of Industry Khaled Battal confirmed on Thursday that the Cabinet's decision regarding oil and non-oil imports to the Kurdistan Region includes sustainable solutions that will resolve issues that have been pending for years, noting that it includes guarantees for the resolution's implementation.

Battal told Al Iraqiya News, as reported by the Iraqi News Agency (INA), "The agreement on the delivery of oil imports from the Kurdistan Region, as well as non-oil imports, was the subject of discussions between technical committees in the federal government and the regional government over a period of three weeks."

He added, "The committees discussed a number of issues related to imports and salary localization, and these were then discussed in the Council of Ministers, as some matters require decisions from the Council. Over the past two days, intensive meetings were held to implement these decisions, and today the May salary disbursement to the region's employees was approved."

He continued, "The Prime Minister views all Iraqi employees, from north to south, as equal in rights and was keen to find a solution, especially since the issue involves overlapping issues, as it is linked to the Federal Court's ruling, the budget law, and the audit and review balances conducted by the Board of Supreme Audit."

He pointed out that "the decision represents a roadmap for resolving problems that have been pending for many years, as the issue has been repeated over the course of successive governments, and there was no agreement to hand over the oil produced by the region to the federal government, represented by the State Oil Marketing Organization (SOMO)."

He stressed that "successful implementation of the agreement means finding sustainable solutions to many of the outstanding issues that have long been controversial in practice and law. A key point in the decision was the emphasis on the localization of salaries for the region's employees. May salaries will be disbursed, and three months will be required to complete the process. After that, salaries will be delivered to those whose salaries are localized only."

He pointed out that "guarantees for the implementation of the decision are included in the decision itself, which stipulates that the points of contention be reviewed within two weeks for the purpose of classifying and auditing non-oil revenues and determining the federal government's share thereof, starting in May 2025, taking into account the values of non-oil revenue rates according to the audit balances mentioned in the joint reports between the Federal Board of Financial Supervision and the Regional Board of Supervision, since the entry into force of the Federal General Budget Law."

He explained that "the issue of non-oil revenues was the most important point of contention, as it should be specified. For example, the audit balance confirmed that revenues reached 4.7 billion in 2023, and 4.71 billion in 2024. We call on our brothers in the region to cooperate with these committees to resolve the issue."

The Council of Ministers, in its extraordinary session held today, Thursday, issued a decision regarding the delivery of oil imports from the Kurdistan Region and non-oil imports.

The decision included first: the oil delivery file:

1. The regional government shall immediately begin delivering all oil produced from the region’s oil fields to the State Oil Marketing Organization (SOMO) for export purposes. The federal Ministry of Finance shall be obligated to pay an advance to the regional government of $16 (in kind or cash) for each barrel received under the Budget Amendment Law, provided that the quantity received is not less than the current 230,000 barrels per day, to which any increase in production shall be added through the Joint Measurement and Calibration Committee. In the event that exports are halted for any reason, the entire aforementioned quantity shall be delivered to the federal Ministry of Oil.

Clarification: Total production currently stands at 280,000 barrels per day, according to the region's reports. Of this, 50,000 barrels per day are allocated for domestic consumption in the region, while the remaining 230,000 barrels per day, along with any future production increases, are delivered to SOMO for export purposes.

2. A quantity of 50,000 barrels per day shall be allocated for local consumption in the region, provided that the regional government undertakes to pay the costs of production and transportation for this quantity, and that the revenues from the sale of petroleum derivatives shall be transferred to the federal public treasury after deducting the costs of production, transportation and refining.

In the event that the region needs it, the federal Ministry of Oil shall, in accordance with the law, supply the region with quantities of products, not exceeding the refining output of 15,000 barrels of crude oil per day.

A joint committee from the federal Ministry of Oil and the Ministry of Natural Resources in the region shall assess the region’s actual need for petroleum products for the purpose of allocating them, and shall submit its report within two weeks to the federal Council of Ministers for decision.

Second: Non-oil revenues file:

The regional government shall deliver an amount of (120) billion dinars as an initial estimated payment for the state treasury’s share of non-oil revenues for the month of May to the Federal Ministry of Finance, to be settled after the audit is completed in accordance with paragraph (2) below.

A working group will be formed from the Federal Ministry of Finance and the Federal Board of Financial Supervision, in coordination with the Ministry of Finance and the Regional Board of Financial Supervision, to classify and audit non-oil revenues and determine the federal government’s share thereof, starting in May 2025. This will take into account the values of non-oil revenue rates according to the audit balances mentioned in the joint reports between the Federal Board of Financial Supervision and the Regional Board of Supervision, since the entry into force of the Federal General Budget Law. The team will submit its report within two weeks to the Federal Council of Ministers for consideration.

A joint committee between the federal government and the regional government will be formed to complete the localization of salaries in the region, in accordance with the decision of the Federal Court. The committee will complete its mission within a period not exceeding three months, and funding will be allocated exclusively to the localized salaries at the end of the aforementioned period.

A team will be formed from the Federal Ministry of Finance and the Federal Board of Financial Supervision, in coordination with the Ministry of Finance and the Board of Financial Supervision in the region, to determine the amount of the region’s share exceeding actual spending and how to address it in accordance with the Federal General Budget Law for the years (2023-2024-2025). Its report will be submitted within a maximum period of two weeks to the Federal Council of Ministers.

The Ministry of Finance will begin disbursing salaries to the region's employees for the month of May as a start to implementing the agreement after the Federal Ministry of Oil/SOMO approves the receipt of the full quantity of oil mentioned in paragraph 1 (currently 230,000 barrels per day) at the port of Ceyhan, in accordance with the law.

The periods mentioned in this decision shall begin from the date of its approval by the Council of Ministers.   LINK

**

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

Fnu Lnu  I just found out that SWIFT is to be converted over to Ripple Ledger and XRP bridge currency at 3 AM this morning 07/18/25 which may be a reason so many banks were in a panic all week. This in conjunction with the ISO-20022 mandate starting on the 14th meant the banks had their hands full all week long. 

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: Two days in a row the parallel market is at 1397.  That's great news.  The market...is so close to 1310.  We're headed in the right direction...Saleh is back on TV talking about the great job the CBI has done and says our parallel market would have already been equal to the official exchange rate of the CBI if not for tensions in the region... FRANK:  Slowly but surely the black market is disappearing...As it disappears we approach the 1 to 1 relationship with the American dollar which will lead you into a float. 

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

The Endgame for Fiat Currencies Feat. Alasdair Macleod

Kinesis Money:  7-18-2025

In this week’s Live from the Vault, Andrew Maguire is joined by Alasdair Macleod to examine the West’s deepening sovereign debt crisis and warn of a looming fiat endgame, as governments remain paralysed by mismanagement and rising tariffs.

 Exposing the trillion-dollar fragilities underpinning the US Treasury and derivatives markets, Macleod explains why interest rates must rise - and why gold is being quietly revalued by central banks as the final bastion of trust.

Timestamps:

00:00 Start

01:05 Paper currency crisis looms as tax revenue collapses

07:39 Global debt spiral accelerates as gold reclaims safe haven

14:14 Credit bubble echoes 1929 as gold asserts real value

 22:00 Silver surges as gold nears a physical market breakout

29:26 Gold delivery demands overwhelm bullion banks

35:10 Paper gold crisis brews as Asia shifts to physical bullion

43:07 Fiat currency devaluation accelerates globally

https://www.youtube.com/watch?v=4A9ltX33gco

 

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Seeds of Wisdom RV and Economic Updates Friday Afternoon 7-18-25

UK Government Expands DIGIT Bond Plans, Signals Shift Toward Decentralized Market Infrastructure

In a bold step toward modernizing financial infrastructure, HM Treasury has unveiled a comprehensive digital strategy for wholesale markets, including major new details on the UK’s upcoming DIGIT digital bond and a marked openness to decentralization in traditionally centralized systems.

DIGIT Bond Issuance Gains Clarity

UK Government Expands DIGIT Bond Plans, Signals Shift Toward Decentralized Market Infrastructure

In a bold step toward modernizing financial infrastructure, HM Treasury has unveiled a comprehensive digital strategy for wholesale markets, including major new details on the UK’s upcoming DIGIT digital bond and a marked openness to decentralization in traditionally centralized systems.

DIGIT Bond Issuance Gains Clarity

Initially introduced in March, the DIGIT bond is a planned digital government bond issued via distributed ledger technology (DLT) within the UK’s Digital Securities Sandbox. At the time, key structural details were scarce.

Now, HM Treasury has confirmed the following upgrades:

  • On-chain settlement capabilities

  • Support for over-the-counter (OTC) trades via smart contracts

  • Interoperability with traditional financial systems

“The DIGIT bond will remain distinct from the UK’s main debt issuance program and will focus on short-dated securities,” the Treasury clarified.

Notably, the UK joins other financial hubs in building DLT-compatible infrastructure:

  • SIX Digital Exchange (Switzerland) was first to integrate DLT with conventional systems in 2022

  • HSBC’s Orion platform is embedded in Hong Kong’s Central Moneymarkets Unit (CMU)

  • Euroclear has linked its D-FMI platform with its main central securities depository (CSD)

Treasury also aims to explore secondary market integration and collateral mobility, collaborating with industry leaders.

Broader Commitments to Digital Market Reform

While DIGIT is the first pilot, HM Treasury made clear this is part of a much wider transformation agenda.

The UK aims to move “beyond testing tokenized asset solutions” and into real-world deployment and scale.

The strategy emphasizes:

  • Regulatory frameworks to support DLT adoption

  • Cross-sector implementation of DLT infrastructure

  • Scalable applications of tokenized financial instruments

A key policy shift involves stablecoin inclusion in the Digital Securities Sandbox. While stablecoins are not yet formally approved for settlement, the Treasury signaled openness to their eventual integration, potentially alongside tokenized deposits.

A Decentralized Vision for the Future

Perhaps the most groundbreaking policy stance was found in one paragraph of the Treasury’s strategy paper:

“The UK should be open to completely new models across the various wholesale market activities, including payments, trading, clearing, settlement, and reporting. It should be open to different technological solutions, including solutions that decentralise functions currently performed by centralised entities.”

This statement marks a paradigm shift from traditional market architecture, indicating a potential replacement of centralised functions—such as clearing houses or settlement networks—with DLT-based alternatives.

Digital Markets Champion to Lead Industry Coordination

To drive the initiative forward, HM Treasury will appoint a Digital Markets Champion, tasked with:

  • Coordinating private sector innovation

  • Overseeing integration of DLT, automation, and AI

  • Ensuring regulatory alignment across sectors

The role reflects the UK government’s goal of becoming a global leader in digital finance infrastructure, with a focus on practical, scalable solutions beyond experimentation.

Conclusion

With the expanded DIGIT bond strategy and its broader market commitments, the UK is positioning itself as a trailblazer in regulated digital finance. The move to embrace decentralized models and real-world DLT deployment may reshape wholesale financial markets and set the tone for global adoption.


@ Newshounds News™
Source: 
Ledger Insights   

~~~~~~~~~

The Mighty BRICS Folds Under Pressure

The once defiant BRICS alliance—known for its bold push toward de-dollarization—appears to be retreating under renewed pressure from President Donald Trump. The coalition, which had previously challenged U.S. financial dominance by promoting local currency settlements and proposing a new BRICS currency, is now showing signs of internal division and strategic hesitation.

From De-Dollarization to Defensive Diplomacy

Under President Joe Biden, BRICS grew emboldened, with leaders openly advocating for:

  • Trade settlements in local currencies

  • A move away from U.S. dollar dominance

  • Development of a joint BRICS currency

These actions were seen as the foundation of a new global financial order, especially in the developing world. But with Donald Trump’s return to global influence, the tone has shifted dramatically.

A renewed Trump administration threat—blanket tariffs on BRICS exports and up to 200% on pharmaceuticals—appears to have fractured the alliance's momentum.

Tariff Threats Trigger Internal Rift

President Trump’s aggressive tariff agenda has effectively splintered BRICS into two camps:

  • Russia, China, and Iran appear ready to confront U.S. economic retaliation

  • India, South Africa, and the UAE have shown signs of re-engagement with Washington

The unity once displayed at BRICS summits has eroded as countries weigh economic survival against ideological alignment.

“All it took was a threat from Trump… and the mighty BRICS folded under pressure.”

The BRICS Currency: A Stalled Project

At the 2024 BRICS summit in Kazan, Russian President Vladimir Putin displayed a mock-up BRICS currency bill—a symbolic gesture intended to showcase progress on an alternative global reserve.

However, by the 2025 summit, the idea of a common currency was conspicuously absent. No mention of de-dollarization. No updates on currency integration.

Despite earlier momentum, the proposed BRICS currency now appears to be a distant dream.

Strategic Backtracking or Tactical Pause?

  • BRICS members have entered direct talks with the White House, reportedly requesting tariff reductions

  • The alliance has avoided provoking further U.S. backlash, mindful of how critical exports—particularly pharmaceuticals, energy, and industrial metals—remain to their economies

Emerging economies like India and South Africa now face a diplomatic balancing act, trying to preserve gains in GDP growth while avoiding economic confrontation with Washington.

A Failed Litmus Test?

What was once billed as a geopolitical counterweight to U.S.-led financial hegemony is now navigating a fragile truce.

The BRICS bloc, once hailed as a rising global force, has “failed to survive the litmus test initiated by Trump.”

With the 2026 summit on the horizon and a U.S. election year already stirring market volatility, the BRICS alliance may need to rethink its strategy—or risk further disintegration in the face of U.S. trade pressure.

@ Newshounds News™
Source: 
Watcher.Guru   

~~~~~~~~~

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Economics, Gold and Silver Dinar Recaps 20 Economics, Gold and Silver Dinar Recaps 20

Gold Telegraph: The US Must Re-anchor the Global Monetary System to Gold

Gold Telegraph: The US Must Re-anchor the Global Monetary System to Gold

7-17-2025

BREAKING NEWS: CHINA’S BELT AND ROAD INVESTMENT AND CONSTRUCTION ACTIVITY HITS RECORD

This is important to follow.

“Rapidly expanding presence in countries signed up to Xi Jinping’s global initiative contrasts with US approach…”

Gold Telegraph: The US Must Re-anchor the Global Monetary System to Gold

7-17-2025

BREAKING NEWS: CHINA’S BELT AND ROAD INVESTMENT AND CONSTRUCTION ACTIVITY HITS RECORD

This is important to follow.

“Rapidly expanding presence in countries signed up to Xi Jinping’s global initiative contrasts with US approach…”

Source: https://www.ft.com/content/a2635ba1-198e-4014-8030-7e420edf34be

Nations around the world are racing to reclaim their sovereignty… repatriating gold and fortifying reserves. If the United States truly seeks to restore trust in the global monetary system and its dollar, it must lead with bold action: Re-anchor the system to gold.

BREAKING NEWS: FORMER FEDERAL RESERVE GOVERNOR IS CALLING FOR SWEEPING CHANGES ON HOW THE CENTRAL BANK CONDUCTS BUSINESS AND SUGGESTED A POLICY ALLIANCE WITH THE TREASURY DEPARTMENT

The pressure is on.

“We need regime change in the conduct of policy…”

Source: https://www.cnbc.com/amp/2025/07/17/kevin-warsh-touts-regime-change-at-fed-and-calls-for-partnership-with-treasury.html

BREAKING NEWS: A UNITED STATES CONSORTIUM INVOLVING EX-SPECIAL FORCES PERSONNEL IS SEEKING TO ACQUIRE A COPPER AND COBALT PRODUCER IN THE D********C REPUBLIC OF CONGO.

It is very clear now that minerals is about national security. When will more people in the West see that?

“The discussions are taking place as President Donald Trump’s administration seeks greater involvement for American mining companies in Congo…”

Source: https://www.bloomberg.com/news/articles/2025-07-17/special-forces-veterans-lead-us-bid-to-buy-congo-cobalt-miner

Is it not funny how we’re told central banks are 100% “independent” yet for the past 20 years, all they’ve done is bail out Wall Street, print money on demand, and then magically land jobs on Wall Street? All at the same time, destroy the value of your currency. Coincidence?

From 4.5 years ago.

Today: Central banks are increasingly buying gold from local mines to rebuild FX reserves.

19 of 36 central banks surveyed by the World Gold Council are buying gold directly from domestic small-scale miners.

Let’s put this prediction to rest.

Gold Telegraph:  Prediction Time: You all will wake up one day, and your country will want the right of first refusal on #gold production in the country at SPOT prices. It won't affect miners operationally. Will affect gold availability to the public. Why? Need to rebuild FX reserves

Source(s):   https://x.com/GoldTelegraph_/status/1945885484607238242

https://dinarchronicles.com/2025/07/18/gold-telegraph-the-us-must-re-anchor-the-global-monetary-system-to-gold/

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Dollar Crisis & The Great Gold Reset | Rick Rule, Frank Giustra, Grant Williams & More

Dollar Crisis & The Great Gold Reset | Rick Rule, Frank Giustra, Grant Williams & More

Wealthion:  7-17-2025

The U.S. dollar is at a tipping point, and gold is quietly reclaiming its role as real money. In this exclusive interview compilation from the Rick Rule Symposium, Rick Rule, Frank Giustra, Grant Williams, Nomi Prins, and Peter Grosskopf reveal why the global monetary order is shifting. What you’ll learn:

Why the dollar could lose 75% of its purchasing power—just like in the 1970s

How BRICS nations are building a parallel system outside U.S. control

Dollar Crisis & The Great Gold Reset | Rick Rule, Frank Giustra, Grant Williams & More

Wealthion:  7-17-2025

The U.S. dollar is at a tipping point, and gold is quietly reclaiming its role as real money. In this exclusive interview compilation from the Rick Rule Symposium, Rick Rule, Frank Giustra, Grant Williams, Nomi Prins, and Peter Grosskopf reveal why the global monetary order is shifting. What you’ll learn:

Why the dollar could lose 75% of its purchasing power—just like in the 1970s

How BRICS nations are building a parallel system outside U.S. control

Why central banks are secretly hoarding gold at record levels

The coming bull market in gold & silver—and what triggers it

Why the Fed is trapped and will return to QE and money printing

How strategic resources like copper, uranium, and rare earths are now a matter of national security

This isn’t just about gold, it’s about the future of money itself. As the dollar’s dominance erodes, BRICS nations are creating a new trade and reserve system, and gold is quietly moving back to the center of global finance.

https://www.youtube.com/watch?v=sEoo8UZFgxM

 

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Coffee with MarkZ, joined by Mr. Cottrell. 07/18/2025

Coffee with MarkZ, joined by Mr. Cottrell. 07/18/2025

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 Friday morning….This week sure flew by fast

Member: Yesterday the Genius bill passed and the 9Billion in doge cuts….maybe that is significant for the RV???   Trump signs both bills today

Coffee with MarkZ, joined by Mr. Cottrell. 07/18/2025

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 Friday morning….This week sure flew by fast

Member: Yesterday the Genius bill passed and the 9Billion in doge cuts….maybe that is significant for the RV???   Trump signs both bills today

Member: Trump to sign genius act around 2:30 EST time

Member: Anything new and exciting today Mark?

MZ: Unfortunately there is no historic bond news.   It has been very quiet  

Member: God bless those bondholders....will they ever make it to the end after ALL these years?

Member: Have ANY bond people ever been paid? Serious question. Or Are they all being placed on NDA’s?

Member: Lots of rumors that the US is going gold backed soon

Member: Wouldn’t make sense to have billions coming in from tariffs in fiat, especially with laws passing

Member: I watch a video and Trump said money is coming on August 1st did you hear anything on that Mark.

MZ: Could be about tariffs, or DOGE cuts……some think its about Nesara/Gesara…..guess we have to wait and see.

Member: I'm looking forward to whatever happens on aug 1...no matter what happens

Member: Frank 26 had some great bank stories last night….and thinks Iraq depegged from the USD yesterday…….it was a really good one

Member: Mark, Frank26 said last night that Dinar no longer pegged to USD.. Have you similarly ??

MZ: No- But I have heard they are getting ready to put it in its basket and then the dinar is no longer associated with the dollar. That is what they did with the Kuwaiti Dinar.

MZ:I do have some very excited folks on the ground in Iraq who feel they will know all their budget numbers next Tuesday. They havn’t said that they are going to have a new dinar rate then….but they are hopeful they are about to get one.

Member: I heard Trump signed a EO banning CBDC

MZ: There are several bills and probably 3 laws already passed outlawing cbdc’s…..

Member: That is a huge relief…..Pray CBDC’s stay dead and buried

Member: FYI I woke up this morning to zero credit card debt….from a credit union

MZ: That is awesome….others have reported similar things.

Member: Mine was wiped off of my credit report. All of it.

Member: Debt is part of the old system with imaginary $$$.

Member: Why is this happening to some and not others?

MZ: For now it appears random. There must be a method to the madness…..we just don’t know. I have a friend that had 170,000 wiped…..but not official until Sept 25th…..but he doesn’t have to pay on it anymore……very interesting.

Member: 350 Million People in USA will take a while to get through all the debt clearing.

Member: I heard Arizona wrote off $350,009 of medical bills

Member: Some platforms said the triggers were pushed again to Monday

Member: Has HCL been passed in Iraq?

MZ:  They have started delivery of oil…..they are making progress

Member: "The Iraq Stock Exchange has decided to launch trading on 120 billion shares of the National Bank of Iraq, Thursday."

Member: "PM Mohammed Shia al-Sudani chaired an emergency cabinet session on Thursday, during which he discussed the issue of oil and non-oil revenues and the agreement with the Kurdistan Regional Government."

MZ: There are a lot of articles about that one….many have gotten repetitive.

Member: I have always had a feeling of Christmas in July!!

 Member: Hope all are ready for a great weekend!!! Keep the faith

Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions

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=TRfLclwHmuQ

 

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Friday 7-18-2025

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 Fri. 18 July 2025

Compiled Fri. 18 July 2025 12:01 am EST by Judy Byington

As of Thurs. 17 July 2025
Fed was (Allegedly)  Dead, Fiat was (Allegedly)  Finished, Global Reset was (Allegedly)  Live
Be Prepared
Trust The Plan
Game Over

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 Fri. 18 July 2025

Compiled Fri. 18 July 2025 12:01 am EST by Judy Byington

As of Thurs. 17 July 2025
Fed was (Allegedly)  Dead, Fiat was (Allegedly)  Finished, Global Reset was (Allegedly)  Live
Be Prepared
Trust The Plan
Game Over

Thurs. 17 July 2025 Bruce:

On Wed. 16 July 2025 Iraq was to have a new international rate on the Iraqi Dinar.

Iraq is a total Sovereign nation.

14 currencies on the bank screen were going up in value.

Tues. after the call two different sources (A Redemption Center leader, the other was close to the US Treasury) said that the Tier4b Internet Group should get the 800 numbers on Fri. 18 July.

Thurs. 17 July 2025 EBS TRANSMISSION #001: PROJECT PERSEUS …The 17th Letter (JFK Jr.) on Telegram

QFS PHASE II: WEALTH LIBERATION HAS BEGUN: Quantum Financial System is now live. Gold-backed funds are hitting biometrically cleared accounts. Debt erased. Currencies revalued. Quantum IDs issued. Over $84 trillion in seized Cabal assets being distributed via consciousness resonance protocols.

Read full post here:  https://dinarchronicles.com/2025/07/18/restored-republic-via-a-gcr-update-as-of-july-18-2025/

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

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

Mnt Goat   Folks according to what is happening now in Iraq and all the good news from the IMF I hardly can believe the news could be so good...you will find some amazing news coming our way...So, stay tuned. I do believe we are now getting VERY, VERY close to what we all wanted for so long.

Frank26
  Is it the IMF that's going to pull the triggerNo, it's the CBI and Sudani.  Now granted, the IMF works with them and tells them and gives them permission to do so but it's not them that pulls the trigger...

 Militia Man  15...10...5 years ago we didn't have this information...We've been...able to collectively follow along and see how everything has been converging.  All the new technologies...new systems...e-government, all those things we didn't have before...It's a sad state if you're invested in the dinar and you think it's 'Blah, blah, blah'.  Get caught up.

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

Rising Currencies IQD VND GBP JPY CAD MEX

Edu Matrix:  7-18-2025

Rising Currencies IQD VND GBP JPY CAD MEX - Currencies that are quietly rising against the greenback—and what it means for your money.

 From the Euro and British Pound to the Japanese Yen and Canadian Dollar, these global currencies are gaining momentum as the dollar slips.

But that's not all—we’re also looking at two of the most talked-about exotic currencies in the investment world: the Iraqi Dinar (IQD) and Vietnamese Dong (VND).

Could these underdogs surprise investors and climb in value?

TIMESTAMPS

0:00 – The Dollar’s Downfall?

1:35 – Euro, Pound & Yen Rising

3:20 – What’s Fueling the Shift

5:00 – IQD & VND: Hype or Real Potential?

7:15 – Final Thoughts & Investment Takeaways

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

**

The Coming Stablecoin Boom, & What It Means For Gold & Silver

Arcadia Economics:  7-18-2025

You're going to be hearing a lot more about stablecoins in the years ahead. And with rumors swirling that the stablecoins are now eyeing gold and silver, there are a few things you'll want to be aware of.

Which fortunately Vince Lanci explains in today's show. And to find out more, and also get the latest precious metals news, click to watch the video now!

https://www.youtube.com/watch?v=GSdeRwaD63Y

 

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Economics, News Dinar Recaps Economics, News Dinar Recaps

Seeds of Wisdom RV and Economic Updates Friday Morning 7-18-25

GENIUS Act Heads to Trump’s Desk: Here’s What Will Change

The U.S. is on the verge of enacting its first comprehensive stablecoin regulation. The GENIUS Act—short for Guiding and Establishing National Innovation for US Stablecoins—has passed both chambers of Congress and now awaits President Donald Trump’s signature, expected Friday at 2:30 PM during a formal signing ceremony in Washington, DC.

The bill is poised to transform how stablecoins operate in the U.S., creating new rules for issuers, mandating transparency in reserves, and reshaping DeFi and yield offerings.

GENIUS Act Heads to Trump’s Desk: Here’s What Will Change

The U.S. is on the verge of enacting its first comprehensive stablecoin regulation. The GENIUS Act—short for Guiding and Establishing National Innovation for US Stablecoins—has passed both chambers of Congress and now awaits President Donald Trump’s signature, expected Friday at 2:30 PM during a formal signing ceremony in Washington, DC.

The bill is poised to transform how stablecoins operate in the U.S., creating new rules for issuers, mandating transparency in reserves, and reshaping DeFi and yield offerings.

When Will the Law Take Effect?

  • 18 months after Trump signs it, or

  • 120 days after federal regulators (including the Treasury and Federal Reserve) publish final implementation rules

1. Stablecoin Issuers May Seek Banking Licenses

Legal experts say the bill creates strong incentives for stablecoin issuers to become banks.

“Pretty much every stablecoin issuer in the U.S. right now engages in activities outside the scope of the GENIUS license,” said Logan Payne, crypto attorney at Winston & Strawn.

The new GENIUS license permits only pure stablecoin issuance, pushing firms to seek national trust bank charters from the Office of the Comptroller of the Currency (OCC)—as Circle and Ripple have already done—allowing them broader operating authority without needing state-by-state money transmission licenses.

2. Stablecoin Interest and Yield Will Be Banned

One of the most controversial provisions of the bill is a ban on paying interest or yield to stablecoin holders—whether foreign or U.S.-regulated.

  • This could eliminate rewards offered by stablecoins like USDC, which currently pays yield through platforms like Coinbase and Kraken

  • Payne warns that many current reward models will be “modified or discontinued”

This change is expected to reshape user incentives across centralized platforms and impact DeFi integrations reliant on interest-bearing stablecoins.

3. DeFi Faces Uncertainty

The GENIUS Act leaves decentralized finance (DeFi) largely unaddressed—for now.

“How GENIUS will impact DeFi is intentionally a bit unaddressed,” Payne said, adding that further regulation will likely arrive alongside future bills like the CLARITY Act, which aims to define digital asset classes and regulatory jurisdiction.

Expect “a lot of uncertainty” for DeFi platforms as the legal landscape evolves over the next few years.

4. Mandatory Monthly Reserve Reports

All approved issuers must maintain 1:1 reserves backing their stablecoins, consisting of:

  • U.S. dollars or equivalents (e.g., Treasury bills)

  • Reserve composition must be publicly disclosed

  • Reports must be audited by a registered public accounting firm

  • Issuers must certify reserve accuracy to their regulators

These transparency requirements aim to prevent future collapses like TerraUSD by ensuring full backing and public accountability.

5. Ban on Unlicensed and Non-Compliant Stablecoins

Three years after enactment, the law will ban any stablecoin that:

  • Is not issued by a federally or state-approved entity, or

  • Cannot comply with GENIUS Act standards

Foreign-issued stablecoins will be exempt only if:

  • Their home countries maintain comparable regulatory frameworks, and

  • They register with the OCC and hold sufficient U.S. reserves to serve domestic customers

This provision tightens control over stablecoins entering the U.S. market while offering limited pathways to compliance for global players.

6. A New Federal-State Oversight Framework

The GENIUS Act establishes a multi-agency regulatory approach, authorizing banks, credit unions, and nonbanks to issue stablecoins.

Regulatory authority will depend on issuer type:

  • Federal Reserve

  • Treasury Department

  • OCC

  • FDIC

  • National Credit Union Administration

Entities with under $10 billion in stablecoin circulation may choose state-level regulation—but states are not required to create a stablecoin regulator.

What’s Next?

With the GENIUS Act all but certain to become law, attention turns to the CLARITY Act, which now moves to the Senate. If passed, it would complement the GENIUS framework by defining digital asset classifications and clearly delineating SEC and CFTC oversight.

The passage of both bills would represent the most significant legislative advancement in U.S. crypto policy since the industry's inception.

@ Newshounds News™
Source: 
Cointelegraph   

~~~~~~~~~


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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Friday Morning 7-18-2025

TNT:

Tishwash:  Iraq announces resumption of Kurdistan oil exports after more than two years of halt

 The Iraqi government announced on Thursday an agreement to resume crude oil exports from the Kurdistan Region after a halt of more than two years.

The agreement stipulates that the regional government will immediately begin handing over all oil produced from the region's oil fields to the State Oil Marketing Organization (SOMO) for export, with the quantity delivered not being less than 230,000 barrels per day.

The federal Ministry of Finance will pay the regional government $16 per barrel, according to Agence France-Presse.

TNT:

Tishwash:  Iraq announces resumption of Kurdistan oil exports after more than two years of halt

 The Iraqi government announced on Thursday an agreement to resume crude oil exports from the Kurdistan Region after a halt of more than two years.

The agreement stipulates that the regional government will immediately begin handing over all oil produced from the region's oil fields to the State Oil Marketing Organization (SOMO) for export, with the quantity delivered not being less than 230,000 barrels per day.

The federal Ministry of Finance will pay the regional government $16 per barrel, according to Agence France-Presse.

The Ministry of Oil announced last February the completion of all procedures for exporting oil produced in the Kurdistan Region via the Turkish port of Ceyhan, following a two-year halt due to disputes between Baghdad and Erbil. At the time, the ministry said in a statement that oil exports would be conducted "in accordance with the mechanisms outlined in the budget law and its amendments, and within Iraq's production ceiling set by OPEC."

Türkiye halted the pipeline in March 2023 after the International Chamber of Commerce ordered Ankara to pay $1.5 billion to Baghdad in compensation for unauthorized exports between 2014 and 2018. link

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

Tishwash:  May salaries will be paid, and June salaries will be paid in the coming days. The Council of Ministers approves the memorandum of understanding with Kurdistan. 

The Iraqi Council of Ministers approved the memorandum of understanding signed between Erbil and Baghdad regarding the salaries of employees in the Kurdistan Region.

 Al-Jabal's correspondent in Baghdad reported on Thursday that the Iraqi Council of Ministers approved the memorandum of understanding signed with the Kurdistan Regional Government regarding employee salaries, directing the release of employee salaries for one month.

 The Iraqi Council of Ministers held an extraordinary session, chaired by Council Speaker Mohammed Shia al-Sudani, to discuss the agreement with Kurdistan on salaries.

According to information obtained by this correspondent, approval has been given to disburse salaries to Kurdistan Region employees for May as an initial phase, with June salaries to be disbursed in the coming days. 

He said the extraordinary session was dedicated to discussing this issue. The Kut mall fire was included in the meeting's agenda, and a three-day mourning period was declared in Iraq for the victims.  link

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

Tishwash: Iraq Agrees Oil Plan With Kurdistan as Export Deal Nears

Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad, a key step toward resuming exports that have been halted for more than two years.

The Kurdistan Regional Government will supply Iraq’s state oil marketer SOMO at least 230,000 barrels a day for export, the federal government said after a meeting of the cabinet. On receiving the crude at Turkey’s Mediterranean port of Ceyhan, the export point of Kurdish oil, Baghdad will release funds for salaries of Kurdistan government employees.

The move is the strongest signal yet that a resumption of shipments from Kurdistan to global markets through a pipeline that was halted in March 2023 is near. A final deal would still need contracts with companies in the Kurdish region, which have said exports can only kick off when there’s clarity on compensation, including future payments and past dues.

Also read: Oil Firms in Kurdistan Await Deals as Iraq Nears Export Restart

The Iraq-Kurdistan agreement is “an important milestone toward the resumption of oil exports through the Iraq-Turkey pipeline,” said Myles B. Caggins III, spokesman for the Association of the Petroleum Industry of Kurdistan. The group’s members anticipate additional discussions with the governments “to establish written agreements, prior to resuming exports,” he said.

The companies would also have to bring online fields that were shut this week following a barrage of drone attacks. About 200,000 barrels a day of output has been halted, according to an official in the Kurdistan Regional Government.

The latest steps come just as the Organization of the Petroleum Exporting Countries and its allies have started boosting production quotas, giving some members the room to raise exports. Additional shipments would likely add to a supply surplus forecast for later this year.

Pipeline Closure Halted About 500,000 Barrels a Day of Iraqi Oil Flows

btc-pipeline

Iraq-Ceyhan pipeline​

​The amount of oil that will be handed over to SOMO is based on output of 280,000 barrels a day. Kurdistan will keep 50,000 barrels a day for its own requirements. Any increase in output will result in a higher share going to the federal government, Iraq said in the statement.

As part of the deal, the KRG will also pay 120 billion Iraqi dinar ($92 million) as an initial payment to the federal government as its share of non-oil revenues for May. A panel will be formed to determine the state’s future share.

Lost Revenue

Iraq is OPEC’s second-biggest oil producer, pumping the vast majority of its crude from the south. The country has been keen to increase output in the long-term and boost revenue after years of war and internal strife. The halted Kurdistan exports have resulted in about $25 billion in lost revenue, Kurdistan Regional Government Prime Minister Masrour Barzani said last month.

The pipeline saga started in early 2023 after Turkey halted the link that carried about half a million barrels of oil daily following an arbitration court’s order to pay Iraq $1.5 billion. Ankara had claimed the pipeline was shut because it needed repairs after two massive earthquakes in February that year, but later put the onus on Baghdad to restart operations. But financial and legal disagreements held back the resumption.

In February this year, Iraq’s parliament passed a plan to allow Baghdad to pay oil companies in Kurdistan an initial fee of $16 a barrel for production and transportation, which is higher than what it had proposed paying earlier.

Oil companies including DNO ASAGenel Energy Plc and Gulf Keystone Petroleum Ltd. operate in the Kurdistan region. link

Mot:  Ooooh Goody!!! -- Get to go out fir Dinner with da Kids!!!!

Mot:  Is it Yet!!!??? -- Wellllllllll -- is it??? 

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