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Dinar Recaps 20 9/1/26 Dinar Recaps 20 9/1/26

Is Scott Bessent turning off Iran is then the QFS turned on

Is Scott Bessent turning off Iran is then the QFS turned on

Dr. Scott Young:9-1-2026

A fundamental restructuring of global economic power is quietly under way, marking a dramatic departure from decades of traditional central banking control.

In a compelling analysis, Dr. Scott Young explores how recent shifts in U.S. financial strategy under the Trump administration signal a new era of monetary enforcement and sovereign economic realignment.

Is Scott Bessent turning off Iran is then the QFS turned on

Dr. Scott Young:9-1-2026

A fundamental restructuring of global economic power is quietly under way, marking a dramatic departure from decades of traditional central banking control.

At the center of this transformation is an unprecedented campaign led by the U.S. Treasury rather than the Federal Reserve, utilizing modern distributed ledger technologies and alternative financial tracking mechanisms to reshape international trade and enforce global compliance.

Historically, foreign policy and monetary sanctions relied heavily on traditional banking channels managed through central banking networks. However, current strategic movements illustrate a deliberate transfer of authority toward the U.S. Treasury, which is spearheading a coordinated initiative known as Operation Economic Outcast.

By bypassing standard Federal Reserve mechanisms, the Treasury leverages modern infrastructure, often associated with advanced blockchain applications and emerging Quantum Financial System frameworks, to pinpoint and sever specific financial nodes sustaining non-compliant regimes such as Iran.

This technological shift allows authorities to map complex global transactions in real time, effectively isolating illicit actors from the international marketplace.

The scope of this modern financial campaign extends far beyond traditional bank account freezes, directly targeting the foundational pillars of foreign commerce.

Comprehensive sanctions now encompass digital assets, precious metals, commercial aviation, and maritime shipping channels to completely dismantle illegal trade networks. By identifying key transactional nodes across multiple sectors, the U.S. Treasury can enforce economic isolation with precision, neutralizing workarounds that historically allowed target nations to bypass standard currency restrictions.

Beyond immediate geopolitical maneuvers, this evolving strategy reflects a broader international movement toward sovereign independence and away from centralized banking monopolies. For decades, international finance was largely dictated by centralized entities whose policies frequently prioritized debt expansion over tangible assets.

The shift highlighted in Dr. Young’s presentation suggests a growing movement among sovereign nations to reclaim monetary independence, effectively dismantling corrupt financial structures in favor of localized, asset-backed policies that prioritize national stability and transparency.

This transformation also directly addresses the long-standing vulnerabilities of the global reserve currency model. The reliance on unbacked fiat systems is increasingly viewed as an economic liability, comparable to relying on obsolete energy resources of the past.

As the structural limitations of debt-based fiat currencies become undeniable, the global monetary landscape is reorienting toward intrinsic value. Central banks and national treasuries around the world are incrementally rebalancing their reserves toward physical gold and precious metals, preparing for a system where currency stability is directly linked to tangible assets.

For individual investors and observers of international markets, this strategic pivot highlights the critical importance of financial diversification into hard assets. As the global financial architecture transitions toward transparent ledger systems backed by precious metals, securing physical wealth outside the traditional banking infrastructure becomes an essential risk management strategy.

The integration of advanced tracking technology alongside military and treasury oversight marks a decisive moment in modern history, signaling the end of unchecked central bank dominance and the beginning of a sovereign, asset-backed financial system.

To explore these concepts in greater depth and understand the full scope of these economic developments, watch the complete video from Dr. Scott Young on YouTube.

https://www.youtube.com/watch?v=KgZDv0KAbgk

Dinar Recaps 20 9/1/26 Dinar Recaps 20 9/1/26

Putting US Treasury on Trial for Theft and Treason? | Rick Rule

Putting US Treasury on Trial for Theft and Treason? | Rick Rule

Liberty and Finance: 8-31-2026

Rick Rule puts the U.S. financial system on trial. In this unconventional and provocative interview,

Rick Rule takes the stand as an “expert witness” in a mock trial examining some of the most controversial questions facing American savers: Is the financial system quietly eroding purchasing power, penalizing savers, and transferring wealth through inflation and taxation?

Putting US Treasury on Trial for Theft and Treason? | Rick Rule

Liberty and Finance: 8-31-2026

Rick Rule puts the U.S. financial system on trial. In this unconventional and provocative interview,

With decades of experience analyzing banks, corporations, financial institutions, and investment portfolios, Rule brings an unusual perspective to the case:

EXPERT WITNESS — QUALIFICATIONS

• Credit analyst who has reviewed roughly 5,000 financial statements of banks and corporations

• In-depth analysis of 16 major U.S. brokerage and financial-services clearinghouses

• Banking risk expert and co-founder of EverBank and Battle Bank

• Investment analyst who says he has reviewed nearly 100,000 investor portfolios, including those of individuals, foundations, and funds

THE CHARGES — IN THIS MOCK TRIAL

• Conspiracy to defraud through misleading or inadequate inflation statistics

• Theft through monetary expansion and the erosion of savers’ purchasing power, including holders of paper cash, dollar-denominated bank and brokerage deposits, and U.S. Treasuries

• Seizing property without just compensation through the taxation of nominal capital gains, including homes, land, gold, and silver

• The constitutional controversy surrounding the fiat dollar versus gold and silver

• Weakening America’s financial position and potentially aiding foreign adversaries through unsustainable fiscal and monetary policies

Rule challenges viewers to look beyond official statistics and examine what is actually happening to their purchasing power.

He explains why he believes inflation can be significantly higher than the numbers many Americans rely on, why capital-gains taxes can capture illusory gains created by currency depreciation, and why he believes savers themselves must take greater responsibility for protecting their wealth.

The discussion also covers gold vs. silver, the risks of the banking system, what happens to gold during a liquidity crisis, and why Rule believes America's greatest financial threats may ultimately come from within.

This is a mock trial—but the questions are very real.

INTERVIEW TIMELINE:

0:00 Intro

1:05 US Treasury on trial

17:55 Inflation statistics

29:30 Dilution of currency supply

50:08 Financial future of the US

52:00 Viewers questions

58:00 Rick Rule's resources

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

DINARRECAPS8 9/1/26 DINARRECAPS8 9/1/26

Iraq Economic News and Points To Ponder Tuesday Afternoon 9-1-26

Oil Prices Climb Above $91 On Renewed US-Iran Strikes

2026-09-01 Shafaq News Oil prices gained around $1 on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world's key crude-producing region.

Brent crude futures were up $1.05, or 1.2%, to $91.54 a barrel at 0455 GMT, while U.S. West Texas Intermediate crude was up $1.27, or 1.5%, to $87.03.

Oil Prices Climb Above $91 On Renewed US-Iran Strikes

Brent crude futures were up $1.05, or 1.2%, to $91.54 a barrel at 0455 GMT, while U.S. West Texas Intermediate crude was up $1.27, or 1.5%, to $87.03.

In the previous session, Brent closed up 2.7%, at one point reaching its highest since August 25, and WTI settled up 2.8%, touching its highest since August 21.

On Monday, U.S. President Donald Trump threatened further strikes against Iran following the first exchange of direct ⁠attacks between the countries in a month on Sunday, raising tensions in a conflict that had recently shifted into an economic standoff.

"These bring the potential for Iranian retaliation back into the equation. That in turn raises the prospect of damage to energy infrastructure around the Gulf and adds fresh uncertainty for shipping through the Strait of Hormuz. Both of those risks are being reflected in the firmer tone in crude prices," said Tim Waterer, chief market analyst at KCM.

On Monday, the number of visible commodity vessels transiting the Strait of Hormuz held at five per day, below the 10-day average of around 14, shipping data from Kpler showed. None of the five ships were liquid tankers.

Efforts by mediators including Qatar and Oman to broker a ⁠deal to reopen the Strait of Hormuz, which carried about a fifth of global oil supplies before the war erupted in late February, have so far failed to gain traction.

Iran shut the waterway after the U.S. and Israel attacked the country on February 28.

Highlighting the risks that remain to shipping and oil supply, the United Kingdom Maritime Trade Operations agency (UKMTO) said on Tuesday a tanker reported being struck ⁠by three projectiles while sailing out of the Strait of Hormuz. No casualties or environmental impacts were reported.

"Despite satellite tracking firms suggesting oil flowing through Hormuz is around 6 million barrels per day, that is well below pre-conflict levels," said ANZ analysts in a ⁠note.

"In the meantime, the buffers the global oil market has been relying on are becoming exhausted. U.S. inventories are nearing minimum levels, while China's ability to keep imports low will be tested as seasonal demand picks up."

Crude oil ⁠inventories in the U.S. Strategic Petroleum Reserve declined by about 3.1 million barrels last week, leaving stockpiles at 286.6 million barrels.

Analysts polled by Reuters in August expect oil prices to remain above $80 a barrel in 2026 as shipping disruptions continue. (REUTERS)

https://www.shafaq.com/en/Economy/Oil-prices-climb-above-91-on-renewed-US-Iran-strikes

Basrah Crude Prices Jump More Than 7%

2026-09-01 Shafaq News– Basrah Iraq’s Basrah crude prices rose on Tuesday, with Basrah Heavy gaining more than 7% alongside a recovery in global oil benchmarks.

Basrah Heavy climbed $5.91, or 7.93%, to $80.43 per barrel, while Basrah Medium gained $5.91, or 7.59%, to $83.73.

In global markets, Brent crude rose $1.05, or 1.2%, to $91.54 a barrel. U.S. West Texas Intermediate (WTI) gained 1.5% to around $87.03.

Murban crude rose to $98.45 a barrel, up $2.70, or 2.82%, while the OPEC basket stood at $89.59, up $2.28, or 2.61%.

https://www.shafaq.com/en/Economy/Basrah-crude-prices-jump-more-than-7

Dollar Climbs In Baghdad, Erbil Markets

2026-09-01 Shafaq News- Baghdad/ Erbil The US dollar opened Tuesday’s trading higher in Iraq, hovering around 154,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 154,250 dinars per 100 dollars, up from the previous session’s 154,000 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,750 dinars and bought it at 153,750 dinars, while in Erbil, selling prices stood at 154,100 dinars and buying prices at 154,000 dinars

https://www.shafaq.com/en/Economy/Dollar-climbs-in-Baghdad-Erbil-markets-7

Iraq Orders Generator Fuel Subsidy For September

2026-09-01 Shafaq News- Baghdad Iraqi Prime Minister Ali Faleh Al-Zaidi on Tuesday ordered subsidized fuel supplies for private generators throughout September, according to a statement from the PM's Media Office, hours after operators in Baghdad began shutting down their units in protest over Oil Ministry support.

Private generators will receive 40 liters of fuel per kilowatt-hour at 400 Iraqi dinars (about $0.30) per liter, while maintaining the currently approved operating schedule.

Al-Zaidi also directed that electricity be supplied for at least 20 hours a day through alternating operation between the national grid and private generators.

Prime Minister Ali Faleh Al-Zaidi Directs Provision of Fuel to Private Generators at Subsidized Price for September

•••••

Prime Minister Ali Faleh Al-Zaidi directed today, Tuesday, that private generators be supplied with fuel at a rate of 40 liters per kilowatt-hour and at a subsidized price of 400 Iraqi dinars per liter throughout the month of September.

The Prime Minister also directed adherence to the currently approved operating hours, with electricity supplied for no less than 20 hours per day through alternating operation between the national power grid and private generators, ensuring a stable and continuous electricity supply to citizens. Media Office of the Prime Minister September 1, 2026

•••••

Generator owners in Baghdad began shutting down their units at midnight on Tuesday, about two hours after the Oil Ministry told Shafaq News that it prioritizes fuel supplies to residential generator operators, with diesel allocations tied to the number of hours of electricity supplied by the national grid.

https://www.shafaq.com/en/Economy/Iraq-orders-generator-fuel-subsidy-for-September

Gold Prices Fall In Baghdad, Erbil Markets

2026-09-01 Shafaq News- Baghdad/ Erbil On Tuesday, gold prices hovered around 950,000 IQD per mithqal in Baghdad and Erbil markets, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 960,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 956,000 IQD. The same gold had sold for 965,000 IQD on Monday.

The selling price for 21-carat Iraqi gold stood at 930,000 IQD, with a buying price of 926,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 960,000 and 970,000 IQD, while Iraqi gold sold for between 930,000 and 940,000 IQD.

In Erbil, 22-carat gold was sold at 984,000 IQD per mithqal, 21-carat gold at 940,000 IQD, and 18-carat gold at 807,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-Erbil-markets-5-5

Iran's Toman Plummets Past 210K Per Dollar

2026-09-01 Shafaq News- Tehran Iran's toman has lost more than half its value against the dollar in a year, with the US currency climbing above 210,000 tomans from around 95,800 tomans a year ago, according to Tejarat News, a website that tracks free-market exchange rates.

The dollar is trading at more than 211,000 tomans in Iran's free market, up from about 207,000 a week earlier. The euro stood at around 245,000 tomans, while the British pound traded at about 285,000 tomans.

"The decline has accelerated as demand for foreign currency rises and access to international payment channels remains limited, putting further pressure on the currency," Tejarat News reported, noting that a weaker currency raises the cost of imported goods, raw materials and essential products.

On Aug. 24, US Treasury Secretary Scott Bessent unveiled "Operation Economic Outcast," targeting nearly 60 Iran-linked individuals, entities and vessels and widening potential secondary sanctions across sectors including digital assets, technology, gold, aviation and shipping.

Iran is also contending with high inflation. The Statistical Center of Iran reported annual inflation of 66% in July, with prices 87.9% higher than a year earlier and food inflation at 128%.

https://www.shafaq.com/en/Economy/Iran-s-toman-plummets-past-210K-per-dollar

DINARRECAPS8 9/1/26 DINARRECAPS8 9/1/26

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 9-1-26

Good Afternoon Dinar Recaps,

Japan's 30-Year Bond Shock: Rising Yields Challenge the World's Debt System

Japan's surging long-term bond yields are testing the country's debt sustainability while creating potential ripple effects across global capital flows and government borrowing costs.

Good Afternoon Dinar Recaps,

Japan's 30-Year Bond Shock: Rising Yields Challenge the World's Debt System

Japan's surging long-term bond yields are testing the country's debt sustainability while creating potential ripple effects across global capital flows and government borrowing costs.

OVERVIEW

Japan's bond market: Rising long-term yields are forcing investors to reassess the cost of holding Japanese government debt as inflation, fiscal concerns and expectations for higher interest rates intensify.
Global capital: Japan has historically been an important source of relatively inexpensive capital, meaning a shift toward higher domestic yields could influence where Japanese and international investors allocate money.
Global debt: Japan's bond-market stress is occurring alongside rising yields in the UK, Europe and the United States, suggesting a broader repricing of sovereign debt and the cost of capital.

KEY DEVELOPMENTS

1. Japan's 10-Year Yield Breaks the 3% Barrier

Japan's 10-year government bond yield reached 3% for the first time since 1996, marking a major milestone for a country that spent decades operating with exceptionally low interest rates.

The move reflects growing concerns over inflation, government spending and the future path of Bank of Japan interest rates.

2. Long-Term Japanese Yields Are Moving Even Higher

The pressure extends beyond the 10-year bond. Japan's 30-year government bond yield was around 4.19% on September 1, continuing its upward move.

Longer-term yields are particularly important because they reflect investor expectations about future inflation, government borrowing and the long-term cost of capital.

3. Japan's Debt Burden Makes Higher Yields More Significant

Japan's government debt is more than 200% of GDP, making rising borrowing costs an important fiscal issue.

As yields rise, the government faces greater costs when existing debt matures and must be refinanced. That can eventually place pressure on government spending, taxation and fiscal policy.

4. Japan Could Affect Global Capital Flows

Japan has historically been a major source of overseas investment because domestic yields were extremely low.

If Japanese yields become increasingly attractive, investors could have greater incentive to keep capital at home or reduce exposure to foreign bonds, potentially affecting markets that have benefited from Japanese capital.

Reuters analysts noted that higher Japanese yields could curb foreign-asset purchases and contribute to a broader repricing of global fixed-income markets.

5. The Japanese Shock Is Part of a Larger Global Repricing

Japan is not moving in isolation. Government borrowing costs are rising across major economies as oil prices, inflation concerns, fiscal pressures and expectations for higher interest rates weigh on bond markets.

The UK's 30-year borrowing cost has reached approximately 5.89%, its highest level since 1998, while yields in Germany, France and the United States have also moved higher.

WHY IT MATTERS

Japan's bond market has historically been one of the foundations of the global low-interest-rate and carry-trade environment.

When Japanese yields rise substantially, investors have to reconsider whether taking additional currency and foreign-market risk is still worthwhile.

The larger issue is the simultaneous rise in borrowing costs across several major economies. If sovereign yields remain elevated, governments everywhere may have to compete for capital at higher prices.

That can affect economic growth, fiscal policy, asset valuations and central-bank decisions.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Currency value: Higher Japanese yields can influence the yen by changing expectations for Bank of Japan policy and international capital flows.
Capital flows: Japanese investors may have greater incentive to keep money in domestic assets rather than seeking returns overseas.
Exchange rates: Changes in Japanese yields can affect the yen and major currency pairs, particularly if expectations for monetary tightening continue to increase.
Purchasing power: Higher global borrowing costs and energy prices can increase costs for households and businesses, putting additional pressure on currencies and purchasing power.

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Debt

Japan demonstrates how quickly a low-interest-rate environment can become a higher-cost debt environment.

With government debt exceeding 200% of GDP, sustained increases in long-term yields could place greater pressure on Japan's fiscal position. The same principle applies globally: the higher the cost of refinancing debt, the less fiscal flexibility governments have.

Pillar 2: Assets

Japan's rising yields could contribute to a broader reassessment of global asset allocation.

If Japanese bonds become more attractive relative to foreign assets, capital flows can change. That can affect global bonds, currencies, equities and other risk assets, particularly where valuations have depended on persistently low interest rates.

CONCLUSION

Japan's bond-market move is significant because it represents more than a change in one country's interest rates. It is a test of what happens when one of the world's largest debt markets begins transitioning away from decades of exceptionally low borrowing costs.

The combination of Japan's rising yields, elevated government debt and changing capital flows could have consequences well beyond Tokyo.

At the same time, Japan's move is occurring alongside a broader global bond repricing driven by energy costs, inflation and fiscal pressure.

The question is no longer simply how high Japanese yields can go—it is how a higher global cost of capital changes the financial system built around decades of cheap money.

Seeds of Wisdom Team
Newshounds News™ Exclusive

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Thank you Dinar Recaps

Dinar Recaps 20 9/1/26 Dinar Recaps 20 9/1/26

Ariel: Banking Infrastructure Preparations for the Iraqi Dinar Revaluation Event ( and more)

Ariel: Banking Infrastructure Preparations for the Iraqi Dinar Revaluation Event

9-1-2026

The Currency Undercurrent: Banks That Are Shifting Business Models For The Reset

Domestic Banking Infrastructure Preparations for Iraqi Dinar Revaluation Event

THE SEPTEMBER 30 CONDITIONAL

Iraq’s announcement that it will not extend the September 30 deadline for US troop withdrawal is the public-facing lever.

Ariel: Banking Infrastructure Preparations for the Iraqi Dinar Revaluation Event ( and more)

9-1-2026

The Currency Undercurrent: Banks That Are Shifting Business Models For The Reset

Domestic Banking Infrastructure Preparations for Iraqi Dinar Revaluation Event

THE SEPTEMBER 30 CONDITIONAL

Iraq’s announcement that it will not extend the September 30 deadline for US troop withdrawal is the public-facing lever. The private understanding communicated off the record is that the withdrawal timeline is contingent on Iraq completing the redenomination process and settling its financial obligations to the United States for the banking system modernization program, which has cost US taxpayers approximately $4.7 billion since 2020.

OPERATIONAL ASSESSMENT:

Every major US bank with Iraqi correspondent relationships is prepared. The wealth management buildouts, the Arabic-speaking personnel transfers, the currency authentication device procurement, the RTGS connections, the amended correspondent agreements these are not coincidental infrastructure upgrades. They are the domestic receiving end of a pipe that Baghdad is about to turn on.

The search results that surface publicly BOA stating no plans to handle dinar notes, JPMorgan’s Iraq branch targeting project finance are technically accurate and deliberately misleading.

No bank is preparing to exchange paper dinar at a teller window. Every bank with exposure is preparing to onboard digital dinar holdings through wealth management divisions equipped to convert sovereign currency into diversified portfolios at scale.

The dinar holder who walks into a rebranded wealth management office in Dallas or Phoenix or Charlotte with authenticated holdings and proper documentation will not be turned away. They will be greeted by an advisor who has been waiting in a freshly carpeted office with a terminal that cost more than a car, connected to a server in Baghdad that finished booting up three weeks ago.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/currency-banks-168238130

https://dinarchronicles.com/2026/09/01/prolotario-banking-infrastructure-preparations-for-the-iraqi-dinar-revaluation-event/

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

Ariel: Just Thought I’d Drop this off

9-1-2026

Just Thought I Drop This Off:

JP Morgan has been quietly reclassifying specific branch locations not all of them, targeted ones in markets with statistically insignificant foreign-currency-holding demographics.

Translation: They’re not adding Wealth Management desks in branches serving high-net-zero expat communities. They’re adding them in places like suburban Ohio, middle Tennessee, the Florida panhandle regions where the average account holder is a middle-class American who has been holding physical IQD in desk drawers for years. These aren’t wealth management additions for existing millionaires. They’re intake stations.

Which means they are not doing this for existing clients. They are preparing for “YOU”.

Reportedly this was also shared. That these sections are being staffed with personnel who have received accelerated training in exotic currency redemption procedures specifically, the documentation chain required for large-volume foreign note exchanges that exceed standard Treasury reporting thresholds. The training materials reference “anticipated high-denomination foreign currency events” without naming the IQD explicitly.

But the denomination ranges cited in the internal protocols match IQD note values exactly 25,000; 10,000; 5,000; 1,000; 500; 250.

Wells Fargo has initiated a series of what they’re calling scheduled system maintenance windows multi-hour lockdowns of specific currency exchange modules within their core banking platform.

These windows are occurring on weekends, which is standard, but the frequency has increased dramatically since Q2 2026.

The modules being updated aren’t the standard FX rails used for everyday currency exchanges. They’re the ISO 20022-compliant corridors the same messaging standard that XRP, QFS, and the post-Basel III settlement frameworks all use.

Source(s):
• https://x.com/Prolotario1/status/2094534570544644280

https://dinarchronicles.com/2026/09/01/prolotario-just-thought-id-drop-this-off/

Dinar Recaps 20 9/1/26 Dinar Recaps 20 9/1/26

Tuesday Iraq News Posted by Tishwash at TNT 9-1-2026

TNT:

Tishwash: Al-Zaydi, in a meeting with the framework: The file of vacant ministries will be completed this week.

Prime Minister Ali al-Zaidi confirmed that discussions regarding the vacant ministries will be completed this week, during a new meeting with the coordination framework held in the office of Badr Organization leader Hadi al-Amiri.

According to a statement published by the Coordination Framework, the meeting discussed "the latest developments at the local and international levels," while Al-Zaydi announced at the beginning of the meeting that "discussions related to completing the government formation will be completed during this week, in preparation for sending it to the House of Representatives next week for a vote."

TNT:

Tishwash: Al-Zaydi, in a meeting with the framework: The file of vacant ministries will be completed this week.

The coordination framework also discussed "the country's financial and economic situation, in light of the repercussions of the war in the region and the disruption of navigation in the Strait of Hormuz," and also discussed "the progress of work on important and urgent legislation, most notably the general budget law and the Popular Mobilization Forces link

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

Tishwash: When will the removal of zeros begin? A member of parliament sets a date for the project's implementation.

MP Murtadha Afween confirmed on Monday that the project to remove zeros from the Iraqi currency has not yet moved to the implementation phase, indicating that the project does not represent a direct solution to the crises plaguing the Iraqi economy.

Afween told the Information Agency that "the issue of removing zeros from the currency has not yet reached the implementation phase," explaining that "the project has not contributed to addressing the crises facing the Iraqi economy."

He added that "removing zeros from the currency, if it proceeds, should not be considered a sufficient measure to address the economic challenges," noting "the importance of focusing on issues directly related to the country's economic and financial reality."

Afween pointed out that "addressing the economic crises requires concrete steps and measures targeting the root causes of the problems, in addition to developing solutions for issues affecting financial and economic stability," emphasizing that "monetary measures alone are insufficient to address the accumulated economic problems."

Earlier, The Media Line network revealed in a report that the Iraqi government will begin issuing a new currency with zeros removed at the beginning of 2027. link

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

Tishwash: Following a recommendation from the US Treasury, instructions have been issued to Iraqi refineries to build a database of relatives of officials.

Iraqi banks received instructions from the government today (Monday, August 31) to begin working on "building databases that cover Iraqi politicians and their relatives up to the third degree and submitting them to it."

According to information obtained by (Baghdad Today), the new database will be used to identify any "illegal profiteering and indicators of corruption operations, and may also include private security personnel and military personnel close to political and responsible figures."

The instructions received by the banks came in the wake of recommendations issued earlier by the Economic Mobilization Task Force of the US Federal Reserve to the Iraqi government to curb corruption and currency smuggling to Iran.

It is noted that the Central Bank informed Iraqi banks to prepare the complete databases by the 29th of this month. link

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

Tishwash: Sources told Al-Mustaqilla that the plan to remove zeros from the Iraqi currency is entering advanced stages, with a plan to replace the currency in early 2027.

Informed sources revealed to Al-Mustaqilla that the file of removing zeros from the Iraqi dinar and reissuing the currency has entered advanced stages of study and discussion within government departments, noting that a plan currently circulating aims to begin the process of replacing the old currency with a new currency starting from 2027, in the event that the required governmental, legislative and technical approvals are completed.

The sources said that the currency restructuring file is no longer limited to economic and technical discussions within the Central Bank of Iraq, but has become subject to study at the level of the Prime Minister’s office, within a plan related to the mechanism for moving from the current currency to a new monetary issuance after removing the zeros.

According to information obtained by Al-Mustaqila, the discussions are currently focused on developing a clear implementation plan for the replacement process, the transitional period during which the two currencies will be traded, the mechanisms for banks and government institutions to deal with the new currency, as well as the procedures related to bringing the largest possible amount of cash outside the banking sector into the formal financial system.

The sources confirmed that 2027 is among the current proposals as a possible start date for the process of replacing the old currency with the new one, but stressed that the date will not become officially effective before the completion of the governmental and legislative process and obtaining the required approvals.

The sources expected that the file would witness developments at the Cabinet level in the coming period, followed – if the project is approved – by moving to the required legislative path before reaching the implementation stage.

Mustafa Sand's statements bring the issue back to the forefront.

The new information coincides with previous statements by Iraqi Communications Minister Mustafa Sanad, who said during August that a decision regarding the removal of zeros and the change of currency had been decided at the political level, and linked the move to bringing out hoarded funds and returning them to the economic cycle and the banking system.

Sand said that the currency change process could encourage holders of large amounts of cash to reveal their money when exchanging old banknotes, allowing some of the liquidity outside banks to be brought back into the financial system, as well as dealing with money whose owners cannot prove its sources or bring it legally into the exchange process.

Sand’s statements had sparked widespread controversy, especially after the government said on August 17 that the Cabinet had not made a final decision at that time to remove the zeros, and that implementing such a step required a legislative process that went through the House of Representatives.

The Central Bank denies printing... but outlines the course of any future project

On August 26, 2026, the Central Bank of Iraq issued a statement explicitly denying reports that it had printed quantities of new Iraqi currency with zeros removed in preparation for its release into the markets.

However, the bank’s statement did not close the door to a future currency restructuring project, as it confirmed that any such project, if an official decision is made regarding it, will be subject to multiple legal, regulatory and technical stages, and that it will be officially announced and a transition period will be determined that allows citizens, banks and institutions to exchange the currency in an organized and safe manner.

This means that the official denial issued by the Central Bank so far relates to the existence of a new currency that has been printed and is ready for circulation, and not to the cancellation of the project idea or the exclusion of discussing it in the future.

Al-Mustaqilla has been following the case since its inception.

Al-Mustaqilla had published a series of reports in recent days on the issue of removing zeros and restructuring the currency, in which it quoted sources close to decision-making circles as saying that the matter was under serious study, despite the fact that no final government announcement had been issued yet.

Information obtained by “Al-Mustaqila” today confirms that the file is still in existence and under study within the relevant institutions, and that the discussions have moved to more advanced details regarding how to implement the replacement process and not just the idea in principle.

However, the sources confirmed at the same time that the project’s transition to the actual implementation phase will remain linked to the final decision of the Council of Ministers, the legislative procedures required by the file, and the position of the Central Bank, as it is the entity responsible for managing and issuing currency and monetary policy in Iraq.

Why does the government want to change the currency?

The proposed plans suggest that the project’s objectives are not limited to reducing the number of zeros and facilitating accounting and monetary operations, but could also include reorganizing the large amount of cash that exists outside the banking system.

Iraq is one of the economies that relies heavily on cash transactions, and a large percentage of the currency in circulation is outside of banks.

The latest data circulating on monetary indicators indicates that the volume of currency circulating outside the banking sector has reached more than 100 trillion dinars, which reflects the extent of the hoarding phenomenon and reliance on direct cash.

Currency replacement – if the government adopts clear control mechanisms – would encourage hoarders to deposit their money through banks or exchange centers within a specific time period, giving financial authorities greater ability to know the movement of money and the sources of some large cash blocks.

The process can also support anti-money laundering and anti-financing measures if it is accompanied by the application of clear rules regarding deposits, large sums, and sources of funds.

Replacement, not cancellation, of the value of citizens' money

From an economic standpoint, removing zeros does not mean that citizens' money will lose its value or that the dinar will automatically become more expensive.

If it is decided – for example – to remove three zeros, then renaming the monetary unit could make every thousand dinars of the old currency equivalent to one dinar of the new currency, in parallel with repricing salaries, prices, debts, contracts and balances at the same rate.

The main objective of the process is to simplify monetary categories, accounts and transactions, not to achieve an automatic increase in the purchasing power of the dinar.

Expected transitional phase

If the project is approved, the authorities will likely adopt a transitional phase during which the old and new currencies will circulate simultaneously before the old version is gradually withdrawn.

The central bank had already confirmed that any future decision of this kind would include a transition period to ensure that citizens, banks and institutions could exchange currency in an orderly manner while preserving all financial rights and obligations.

The process will require resetting banking systems, ATMs, accounting software, pricing, contracts and government records, as well as a broad awareness campaign to prevent the transition from being exploited for fraud or speculation.

The coming days could be decisive.

According to sources from “Al-Mustaqilla”, the next stage will be important in determining the final course of the project, while the governmental, legal and technical aspects of the currency replacement plan continue to be studied.

The sources confirmed that there is a trend to push the file towards completing the necessary procedures, with the picture to become clearer after the Cabinet's position and the legislative process are decided.

Accordingly, the information available so far indicates that the project to change the currency and remove zeros is moving within Iraqi institutions, and that 2027 is being considered as a possible start date for the replacement process according to the ideas being discussed. However, this has not yet turned into an official, announced, and binding date from the Central Bank or the Council of Ministers as of the date of this report.

The Iraqi public is waiting for any official announcement in the coming days that could move one of the most sensitive financial issues in the country from the stage of studies and discussions to the stage of decision and implementation link

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

Tishwash: Protests in Basra, Kirkuk and Anbar: Financial and employment demands shake the energy sector

On Tuesday, three Iraqi provinces witnessed protests and sit-ins demanding action related to the energy sector, including rejecting the increase in crude oil prices supplied to refineries in Basra, objecting to the price per ampere for private generators in Anbar, as well as demands to reinstate 610 workers to their jobs at the Kirkuk refinery.

In Basra, demonstrations and sit-ins resumed inside the Shuaiba refinery, expressing categorical rejection of the government’s recent decision to increase the prices of crude oil supplied to investment and government refineries.

The protesters demanded that the concerned authorities immediately reverse this decision, warning of its negative repercussions on the refinery's operating costs, its direct impact on the stability of staff employment, and the decline in profits of companies affiliated with the oil sector, according to a Shafaq News Agency correspondent.

For their part, the owners of private generators in Anbar province organized a protest in front of the provincial council building, objecting to the low price per ampere compared to operating costs, stressing that the approved price does not correspond to the size of the expenses they bear.

Alaa Sadiq Khalaf, the owner of a private generator, told Shafaq News Agency during the protest that his generator operated for about 280 hours during the month of August, while generator owners, according to him, received 35 dinars per ampere, noting that the main problem is related to the price per hour of operation.

Khalaf added that a committee visited the generator owners and determined, according to their calculations, the cost of an hour of operation without taking into account a profit margin of about 42 dinars, while it is being calculated at prices ranging between 26, 33 and 37 dinars, considering that these prices do not correspond to the actual cost of operation.

He explained that generator owners bear additional burdens related to supplying fuel, workers and operating materials, indicating that some of these costs are paid from their own money, despite talk of providing some materials or services for free.

Khalaf stressed that generator owners "are also citizens" and bear significant financial burdens, calling for the adoption of a pricing system that takes into account the actual cost of operation and does not impose additional losses on generator owners under the guise of protecting citizens.

He pointed out that continuing to operate with the current pricing, from the perspective of generator owners, puts them in front of an increasing financial crisis, given the high operating costs and the lack of a sufficient profit margin.

In this context, the generator owners explained that the Prime Minister’s office statement regarding supplying generators with subsidized fuel and operating them for 20 hours a day pertains to the month of September, stressing that their protest today is related to the approved pricing for the month of August, and is not an objection to the directives for the month of September.

In Kirkuk, dozens of workers at the Kirkuk refinery staged a protest in front of the governorate building, demanding justice and a review of the decision to terminate their services.

One of the protesters, named Mohammed Abdullah Dali, told Shafaq News Agency that "dozens of workers employed at the Kirkuk refinery and affiliated with the North Refineries Company in Baiji organized a demonstration in front of the Kirkuk Governorate building to demand their rights and fair treatment."

He explained that "the number of workers whose employment was terminated is 610 people, and they are employees of the Kirkuk refinery, and they have provided years of service and work," indicating that "terminating their services caused them great harm and suffering, and we consider it an injustice and unfairness to us."

Dali added that "the protesters are demanding that the relevant government authorities reconsider their situation and work to reinstate them to their jobs or find a fair solution to address their issue," noting that "the main demand is to include them in the 2027 budget, which would guarantee the restoration of their rights and end their ongoing suffering."

He stressed that the protest was "peaceful, and aimed at conveying the voice of the workers to the local government and the relevant federal authorities, and urging them to intervene urgently to do them justice and listen to their demands."

The protesters demanded that the government, the Ministry of Oil, the North Refineries Company and other relevant authorities "open the file of the 610 workers, review their years of service and the circumstances of their termination, and develop a legal and administrative solution that guarantees their rights link

Dinar Recaps 20 9/1/26 Dinar Recaps 20 9/1/26

News, Rumors and Opinions Tuesday 9-1-2026

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 Sept. 2026

Compiled Tues. 1 Sept. 2026 12:01 am EST by Judy Byington

The Ultimate Interoperability Grid Is Going Live – And the Legacy Rails Are Being Bypassed Forever. …US Treasury Center on Telegram Mon. 31 Aug. 2026

While the legacy financial media is still arguing over inflation data and interest rate cuts, a seismic infrastructure shift is (allegedly) quietly locking into place. The old correspondent banking network—built on fragmented ledgers, multi-day delays, and archaic messaging—has officially hit a structural wall. Cross-border payments are taking longer, friction is mounting, and traditional institutions are scrambling to plug the leaks.

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 Sept. 2026

Compiled Tues. 1 Sept. 2026 12:01 am EST by Judy Byington

The Ultimate Interoperability Grid Is Going Live – And the Legacy Rails Are Being Bypassed Forever. …US Treasury Center on Telegram Mon. 31 Aug. 2026

Then came the real structural shift:
• Legacy nostro-vostro accounts are draining faster than banks can rebalance them.
• Correspondent banking fees are squeezing global trade margins to the bone.
• Settlement finality under the old T+1/T+2 rules is proving too slow for a 24/7 global economy.
• Central banks are realizing that patching legacy plumbing is no longer an option—migration is mandatory.
• And the integration window between sovereign ledgers and commercial rails is narrowing by the day.

The old system isn’t just updating; it’s being (allegedly) entirely superseded.This is not a temporary network upgrade. This is the complete migration of global value onto cryptographic, interoperable rails. And if a global settlement network requires manual intervention and days of clearing, it is no longer a financial system. It’s a bottleneck.

The New Infrastructure Is Already Online. While legacy institutions grapple with structural obsolescence, the architecture of the new financial internet is (allegedly) fully operational across five critical pillars:

1. Cross-Border Interoperability & Multi-Ledger Bridges We have moved past isolated blockchain silos. Advanced atomic swaps and decentralized bridge protocols now (allegedly) allow frictionless value transfer between public enterprise ledgers and permissioned central bank networks—settling globally in seconds, not business days.

2. The Universal Compliance & Audit Layer (ISO 20022 Integration) With the messaging standard fully enforced worldwide, every single transaction carries rich, structured data. This completely eliminates:
• hidden intermediary fees
• fragmented transaction trails
• delayed compliance checks
• manual reconciliation bottlenecks; and
• systemic blind spots that allowed illicit flows to hide for decades.

For the first time in modern history, global finance is(allegedly) fully transparent, verifiable, and instantaneous.

3. Regulatory Clarity & Asset Classification Clear legal frameworks for digital commodities have drawn a permanent line between speculative assets and true infrastructure rails. Utility-driven tokens like XRP, XLM, ALGO, and HBAR are now (allegedly) legally recognized as foundational settlement layers, giving institutional capital the green light to deploy at scale.

4. Institutional Tokenization of Real-World Assets (RWA) Trillions of dollars in physical assets—commercial real estate, sovereign debt, private equity, and commodities—are (allegedly) actively migrating onto distributed ledgers. This unlocks:
• instant fractional liquidity
• eliminated counterparty risks
• automated smart-contract compliance; and
• 24/7 global market access.

Money is moving to ledgers because physics and math are simply superior to bureaucracy.

5. Decentralized Trade and Sovereign Independence Nations are(allegedly) bypassing legacy gatekeepers (like the IMF, World Bank, and centralized clearinghouses) to trade directly using multi-currency digital ledgers. Power is (allegedly) shifting away from unelected cartels and back toward sovereign states, transparent markets, and empowered individuals.

THE TRANSITION IS ACCELERATING! The old world is clinging to manual controls, but the structural momentum of the new financial era is unstoppable.

Read full post here: https://dinarchronicles.com/2026/09/01/restored-republic-via-a-gcr-update-as-of-september-1-2026/

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

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

Jeff They can't work on any of the old long-awaited stuff because they're done. They've gone as far as they can go right now...HCL, Article 140, pseudo '26 budget, the '27 budget, everything in Iraq is clearly waiting for the rate to change before they can move forward.

Militia Man The two pocket picture. Think of Iraq's money as two pockets. Pocket one is dollars from oil. Pocket two is dinar used to pay salaries. The exchange rate is the door between those two pockets. The CBI sets what $1.00 is worth in dinar. If they print more dinars, [dinar] pocket two get bigger on paper [but each dinar is worth less dollars]. The door does not change...A rate adjustment changes the door. If the dinar is reset stronger, each oil dollar that comes in and creates more dinars [maintaining the value]...A new rate only works if both pockets are being fixed at the same time...

Frank26 Every day since the 11th of last month it's just been amazing...The GOI made an announcement. Article quote: "Removing the zeros from the currency may begin early next year." ...In my very strong opinion this is not a leak. My teams are telling me this is being done on purpose...The next 4 months is going to reveal everything about January 1st...They can give you the lower notes and lift the 3-zeros before January 1st...This is preparing you for what is about to happen.

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

IQD Update: The Real Reason Iraq Wants to Delete the Zeros

Edu Matrix: 9-1-2026

https://www.youtube.com/watch?v=rmKTUsW5otI

DINARRECAPS8 9/1/26 DINARRECAPS8 9/1/26

Iraq Economic News and Points To Ponder Tuesday Morning 9-1-26

Cabinet to vote on Iraq’s 2027 budget in September

2026-08-31 Shafaq News- Baghdad Iraq’s cabinet will vote on the draft 2027 federal budget in September, with the projected deficit capped at 3%, government spokesperson Haider Al-Aboudi announced on Monday.

At a press conference, Al-Aboudi said the Finance Ministry is finalizing the bill in line with the Federal Financial Management Law. The program-based budget will include electricity initiatives and development projects in Saladin and Al-Diwaniyah provinces, as well as provisions concerning contract employees.

Cabinet to vote on Iraq’s 2027 budget in September

The previous government, led by Mohammed Shia Al-Sudani, enacted a three-year budget covering 2023–2025, but the final-year spending plan was not implemented after parliament failed to approve amended expenditure schedules before the law expired. The Finance Ministry instead relied on the one-twelfth (1/12) mechanism to cover salaries and mandatory spending.

Iraq also entered 2026 without a budget amid delays in forming a new government, the economic fallout from the regional war, and volatile energy markets, prolonging reliance on temporary spending arrangements.

https://www.shafaq.com/en/Iraq/Cabinet-to-vote-on-Iraq-s-2027-budget-in-September

The Government May Begin Issuing A New Currency Early Next Year

A video.. news report https://hathalyoum.net/articles/4222841

translation of video: Sources' decisions will settle the matter in the near future.

While the currency exchange may continue.

Sources said that the government may begin issuing a new Iraqi currency in early 2027 after removing three zeros from the dinar.

Indicating that the proposal is still under discussion within the Council of Ministers.

The sources expected a decision to be made in the near future.

While the currency exchange and the issuance of new banknotes may continue throughout 2027.

And it indicated that the project to remove the zeros aims to remove the stolen and stored money outside the banking system.

Confirming that the Central Bank of Iraq has not yet received an official government decision regarding the removal of zeros

AI summary:

The video reports on a proposal discussed by the Iraqi government regarding the potential issuance of a new currency at the beginning of the next year (0:00-0:03). This initiative involves deleting three zeros from the current Iraqi dinar (0:08).

Key points mentioned in the report:

Status of the proposal: The plan is currently under discussion within the Council of Ministers (0:12-0:15).
Timeline: The decision is expected to be finalized soon, and if approved, the process of replacing the currency and issuing new banknotes could continue throughout 2027 (0:15-0:25).
Purpose: The project aims to bring money that is currently looted or stored outside the banking system back into circulation (0:30-0:36).
Central Bank involvement: As of now, the Central Bank of Iraq has not received an official government decision regarding the removal of the zeros (0:36-0:43).

After Their Numbers Dwindled By More Than A Million People, Catholic Weekly Reports That Al-Zaidi Wants To Bring Christians Back To Iraq And Is Placing Land And Investment At The Heart Of The Return Project

Baghdad - One News - 8/31/2026 The Australian Catholic Weekly highlighted a government initiative to return Christian families who had emigrated to Iraq, noting that Prime Minister Ali al-Zaidi had placed the return of Christians among the national and governmental priorities, offering incentives that included residential land and encouraging businessmen in exile to return and invest.

The newspaper reported that Al-Zaidi confirmed, during his meeting with the Chaldean Patriarch Paul III Nona in Baghdad, the government’s readiness to provide the necessary facilities and support for the return of Christian families who left the country during the past decades, and to ensure that returnees are included in the project to distribute one million residential plots of land.

According to the report, Al-Zaydi stressed that Christians represent an active component and an essential part of Iraqi society and a key partner in building the state and shaping Iraq’s history and future, considering that the country’s strength lies in its national, religious and cultural diversity, and in the unity of its people and their social cohesion.

The report noted that the Prime Minister also called on Christian businessmen living abroad to return and invest in Iraq, as part of an effort to enhance the contribution of Christians to economic and service life, particularly in the health and education sectors.

The newspaper quoted the Chaldean Archbishop of Erbil, Bishop Bashar Warda, as saying that the church welcomed this invitation, noting that al-Zaidi expressed his confidence in the role that Christians can play in the education and health care sectors, and affirmed his government’s readiness to provide them with the necessary facilities and support.

According to the report, Christian denominations in Iraq run 18 schools, including prominent educational institutions, in addition to a Catholic university in Erbil.

Catholic Weekly noted that the number of Christians in Iraq has decreased from about 1.5 million in 2000 to less than 300,000 currently, according to estimates by the Aid to the Church in Need organization, after successive waves of emigration that worsened after the events of 2003, and the targeting of Christians by extremist groups, especially after ISIS invaded Mosul and the Nineveh Plain in 2014.

In contrast to the government's approach, the report noted the continued concerns within the church about the emigration of Christian youth, quoting Patriarch Nona's warning that a segment of young people are losing hope in their future in the country and that many of them want to emigrate, in addition to a noticeable decline in the number of marriages, warning of the repercussions of this on the future of the Christian presence and the role of youth in building Iraq.

Nona also considered corruption to be "Iraq's greatest enemy," linking the protection of human rights to combating financial corruption and reducing the influence of money and political power in the decision-making process.

https://1news-iq.net/بعدما-تقلّص-عددهم-بأكثر-من-مليون-شخص

Finance Ministry: Intensifying Efforts To Finalize The 2027 General Budget Project

Finance Minister Faleh Sari directed on Monday that the necessary technical requirements for preparing the draft general budget for 2027 be completed, stressing the need to intensify efforts during the next stage.

The Ministry of Finance stated in a statement that "the Minister inspected the departments of the Budget Department, reviewed the progress of work in preparing the draft program and performance budget, and met with the work teams tasked with preparing the project and listened to a presentation on the stages of completion and the remaining technical requirements."

Sari stressed "the importance of integrating efforts and continuing to work at an intensive pace, along with strengthening coordination and communication with ministries and government institutions to organize and audit financial data and provide the information required to prepare the draft budget accurately and efficiently."

He pointed out that "the shift towards program and performance budgeting requires continuous cooperation and coordination among the concerned parties, in order to ensure that the allocation of resources is linked to programs, objectives and results, and to achieve the most efficient use of public funds."

https://alssaa.com/post/show/59977-المالية-تكثيف-العمل-لاستكمال-مشروع-الموازنة-العامة-لعام-2027

Banking Sector Faces Turning Point In Iraq’s Reform Drive

2026-08-30 Shafaq News- Baghdad Iraq’s banking sector faces a “critical crossroads” after years of weak management, oversight failures and declining public confidence have limited its ability to attract savings and finance investment and development, the prime minister’s economic adviser told Shafaq News on Saturday.

Mudher Mohammed Saleh said building an efficient banking system could no longer be delayed, particularly in an economy heavily dependent on oil for foreign currency.

“Restoring confidence requires stronger governance, supervision and compliance, strict anti-money laundering and counter-terrorist financing standards, restructuring troubled banks, addressing weaknesses in their financial positions and raising capital in line with risk levels and modern banking requirements.”

Technology is another key part of the overhaul, Saleh said, calling for improved digital systems, cybersecurity and risk management, along with secure and reliable electronic payment services. Such measures would reduce reliance on cash, expand financial inclusion and bring more people into the formal banking system.

However, technology and oversight alone would not restore confidence. Banks also need greater transparency, stronger depositor protections, clear deposit safeguards, faster complaint handling and the ability to protect customers’ money, according to the advisor.

He called for banks to shift from traditional services and liquidity management toward financing the real economy, particularly small and medium-sized enterprises and productive agricultural, industrial and service sectors.

“A bank that does not finance productive economic activity remains a financial intermediary with limited impact,” he said, adding that institutions capable of mobilizing savings, managing risks and financing production and investment can become partners in development.

From Cash to Credit

International economics professor Nawar Al-Saadi told Shafaq News that banking reform had become essential for moving Iraq from a cash-based economy toward one driven by financing. He said the Central Bank of Iraq’s (CBI) program offers banks several paths, including remaining in business, merging or leaving the market, alongside tougher governance, compliance and risk-management requirements.

Rebuilding confidence requires sound governance, solvency and transparency rather than campaigns to attract deposits, Al-Saadi said. He called for resolving the status of banks unable to continue operating, strengthening the capital of viable institutions, improving disclosure and independent auditing, and holding boards and executives accountable for violations.

Depositors should find banks “safer and easier to use” than keeping cash, he added. This would also require greater lending to small and medium-sized businesses and productive sectors, as well as effective credit-scoring systems instead of excessive reliance on traditional collateral.

Protecting Deposits

Economic expert Ahmed Al-Janabi said reform required a comprehensive package beginning with restoring confidence and protecting depositors’ money, noting that many Iraqis remain reluctant to place their savings in banks.

He noted that the reform program involving global consultancy Oliver Wyman was developed against the backdrop of restrictions on several Iraqi banks. Seven institutions subsequently entered an initial phase allowing them to resume transactions and transfers in foreign currencies other than the dollar, while further reforms remain underway.

Al-Janabi estimated that currency issued by the CBI totals around 103 trillion dinars, while about 20 trillion dinars remain outside the banking system, much of it “hoarded in homes.”

Economic expert Ahmed Abdul Rabbo said the reforms undertaken with Oliver Wyman were important for rebuilding the banking sector, improving its efficiency and strengthening its links to the global financial system, calling for faster implementation.

He welcomed the decision allowing seven banks to conduct foreign transfers in currencies other than the dollar but said the priority should be enabling them to gradually resume broader operations. Reform should also extend beyond those institutions, he said, with other banks assessed and allowed to conduct foreign transfers once they meet the required standards.

The Central Bank has been working with international firms to overhaul the banking sector and address compliance problems that had cut several Iraqi banks off from dollar transactions.

On July 18, the CBI reached an agreement with the US Treasury Department allowing seven eligible banks to resume foreign correspondent banking in currencies other than the dollar. Access to dollar transactions remains subject to further compliance, governance and relicensing requirements.

https://shafaq.com/en/Economy/Banking-sector-faces-turning-point-in-Iraq-s-reform-drive

DINARRECAPS8 9/1/26 DINARRECAPS8 9/1/26

Seeds of Wisdom RV and Economics Updates Tuesday Morning 9-1-26

Good Morning Dinar Recaps,

Global Bond Rout Deepens: Oil Shock Forces Investors to Reprice Debt, Rates and Risk

Rising energy prices and renewed inflation concerns are pushing global bond yields higher, challenging governments, central banks and investors already facing elevated debt costs.

Good Morning Dinar Recaps,

Global Bond Rout Deepens: Oil Shock Forces Investors to Reprice Debt, Rates and Risk

Rising energy prices and renewed inflation concerns are pushing global bond yields higher, challenging governments, central banks and investors already facing elevated debt costs.

OVERVIEW

Global bonds: A broad selloff is pushing government borrowing costs higher as investors reassess inflation, fiscal conditions and interest-rate expectations.
Japan: Japan’s 10-year government bond yield reached 3% for the first time since 1996, signaling a major shift in one of the world's most important low-yield markets.
Oil and inflation: Renewed Middle East tensions are pushing energy prices higher, creating additional inflation pressure just as investors prepare for potentially tighter monetary policy.

KEY DEVELOPMENTS

1. Global Bond Rout Intensifies

Bond markets across the United States, Japan, Germany and the United Kingdom are experiencing renewed selling pressure.

The move reflects growing concern that higher inflation, rising government borrowing and elevated energy prices could keep interest rates higher for longer.

2. Japan's 10-Year Yield Reaches a Historic Milestone

Japan's benchmark 10-year government bond yield reached 3%, its highest level since September 1996.

Japan has historically been an important source of relatively inexpensive global capital. Higher domestic yields could therefore influence Japanese investment flows into foreign bonds and other assets, adding another dimension to the global repricing.

3. Oil Shock Adds to Inflation Pressure

Renewed Middle East conflict has pushed energy prices higher, increasing concerns that inflation could remain elevated.

That creates a difficult environment for central banks: higher oil prices can discourage rate cuts or increase pressure for tighter policy, even when economic growth is facing uncertainty.

4. Government Debt Is Becoming More Expensive

Higher bond yields translate into higher borrowing costs for governments.

With U.S. federal debt already exceeding $40 trillion, a prolonged period of elevated long-term yields could increase interest expenses and reduce fiscal flexibility. Japan, the UK and other heavily indebted economies face similar pressures.

5. A New Global Capital Regime May Be Emerging

The significance of today's bond move extends beyond individual countries.

If investors become less willing to accept historically low yields, governments may have to compete more aggressively for capital. At the same time, changing Japanese yields could influence cross-border capital flows, potentially affecting currencies, equities and bond markets worldwide.

WHY IT MATTERS

The global bond market is effectively repricing the cost of money and the cost of government borrowing.

For years, investors operated in an environment where major central banks helped keep borrowing costs relatively low. Today's moves suggest that inflation, fiscal deficits and geopolitical energy risks are increasingly challenging that framework.

The danger is not necessarily an immediate financial crisis. The larger concern is whether higher yields become structural rather than temporary, forcing governments and markets to adapt to a permanently higher cost of capital.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Currency value: Changing interest-rate expectations can redirect capital toward currencies offering higher relative returns.
Purchasing power: Higher energy prices can raise transportation, production and household costs, putting additional pressure on purchasing power.
Capital flows: Higher Japanese yields could encourage some investors to shift capital back toward domestic Japanese assets rather than seeking returns overseas.
Exchange rates: Diverging monetary policies and changing bond yields can create significant movements in major currency pairs.

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Debt

The global bond selloff highlights a fundamental issue for the financial system: the cost of servicing government debt is rising.

If yields remain elevated, governments may have less fiscal flexibility and face increasing pressure to manage deficits, refinancing requirements and interest expenses.

Pillar 2: Assets

Higher bond yields can change valuations across the financial system because the risk-free rate influences the pricing of stocks, real estate, corporate debt and other assets.

A sustained repricing of government bonds can therefore become a broader repricing of global assets and investment strategies.

Pillar 3: Energy

The oil shock demonstrates how energy security and financial stability are increasingly connected.

A prolonged disruption in global energy supplies can raise inflation, influence central-bank policy and ultimately affect bond yields, currencies and asset valuations.

CONCLUSION

Today's bond-market selloff is becoming more than a temporary market reaction. Higher energy prices, rising yields, fiscal pressure and changing monetary expectations are reinforcing one another.

Japan's move to a 3% 10-year yield is particularly significant because it signals that even one of the world's historically lowest-yield markets is entering a different financial environment.

The central question for investors is whether today's repricing fades as geopolitical tensions ease or becomes part of a longer-term adjustment in the global cost of capital.

The global financial system is being tested not by one market, but by the simultaneous repricing of energy, money and debt.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

~~~~~~~~~~

🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different: • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents. Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

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Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Dinar Recaps 20 9/1/26 Dinar Recaps 20 9/1/26

Is Trump Signalling a Gold Revaluation? Bill Holter

Is Trump Signalling a Gold Revaluation? Bill Holter

Kinesis Money: 8-31-2026

In this week’s Live from the Vault, Andrew Maguire is joined by Bill Holter to examine whether Trump's repost of Jim Rickards' $10,000 gold call signals something far bigger than a market comment, and what it means for gold and the dollar system.

The two precious metals experts examine why credit markets are beginning to crack, and why Bill believes any gold price target being discussed today will ultimately prove laughably low — including the ones that sound outrageous right now.

Is Trump Signalling a Gold Revaluation? Bill Holter

Kinesis Money: 8-31-2026

Timestamps:

00:00 Start

01:29 Is Bessant's yield push a policy error - or a gold revaluation trigger?

05:12 Why Trump reposting Jim Rickards' $10,000 gold call is no coincidence

09:07 How a weekend gold revaluation would wipe out rehypothecation overnight

14:08 AI cannot be built without silver - and the silver simply does not exist

19:24 How Hong Kong's exchange made the yuan directly convertible to gold

24:01 Enbridge: the escape hatch from the dollar system explained

30:14 Credit is cracking - and the only exit is physical gold and silver

38:44 Why any gold price target you hear today will prove laughably low

43:02 Could gold miners be nationalised? Bill makes the case

49:28 Get out of the system, and make your plan while you still can

https://www.youtube.com/watch?v=47YIXRKx3VY

DINARRECAPS8 8/31/26 DINARRECAPS8 8/31/26

Iraq Economic News and Points To Ponder Monday Evening 8-31-26

When Will The Removal Of Zeros Begin? A Member Of Parliament Sets A Date For The Project's Implementation.

Information/Baghdad... MP Murtadha Afween confirmed on Monday that the project to remove zeros from the Iraqi currency has not yet moved to the implementation phase, indicating that the project does not represent a direct solution to the crises plaguing the Iraqi economy.

Afween told the Information Agency that “the issue of removing zeros from the currency has not yet reached the implementation phase,” explaining that “the project has not contributed to addressing the crises facing the Iraqi economy.”

When Will The Removal Of Zeros Begin? A Member Of Parliament Sets A Date For The Project's Implementation.

Earlier, The Media Line network revealed in a report that the Iraqi government will begin issuing a new currency with zeros removed at the beginning of 2027. End/25z

https://almaalomah-me.translate.goog/news/142803/economy/متى-يبدأ-حذف-الأصفار-نائب-يحسم-موعد-دخول-المشروع-حيز-التنفيذ?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Sources Told Al-Mustaqilla That The Plan To Remove Zeros From The Iraqi Currency Is Entering Advanced Stages, With A Plan To Replace The Currency In Early 2027.

Last updated: August 31, 2026 Al-Mustaqilla/- Baghdad/ Informed sources revealed to Al-Mustaqilla that the file of removing zeros from the Iraqi dinar and reissuing the currency has entered advanced stages of study and discussion within government departments, noting that a plan currently circulating aims to begin the process of replacing the old currency with a new currency starting from 2027, in the event that the required governmental, legislative and technical approvals are completed.

Mustafa Sand's statements bring the issue back to the forefront.

The Central Bank denies printing... but outlines the course of any future project

Al-Mustaqilla has been following the case since its inception.

Why does the government want to change the currency?

Iraq is one of the economies that relies heavily on cash transactions, and a large percentage of the currency in circulation is outside of banks.

The process can also support anti-money laundering and anti-financing measures if it is accompanied by the application of clear rules regarding deposits, large sums, and sources of funds.

Replacement, not cancellation, of the value of citizens' money

From an economic standpoint, removing zeros does not mean that citizens' money will lose its value or that the dinar will automatically become more expensive.

The main objective of the process is to simplify monetary categories, accounts and transactions, not to achieve an automatic increase in the purchasing power of the dinar.

Expected transitional phase

If the project is approved, the authorities will likely adopt a transitional phase during which the old and new currencies will circulate simultaneously before the old version is gradually withdrawn.

The coming days could be decisive.

https://mustaqila.com/مصادر-لـالمستقلة-ملف-حذف-الأصفار-يد/

DINARRECAPS8 8/31/26 DINARRECAPS8 8/31/26

Breaking Down $15 billion Spent on California's Train to Nowhere

Breaking Down $15 billion Spent on California's Train to Nowhere

Notes From the Field By James Hickman (Simon Black / Sovereign Man) August 28, 2026

In November 2008, California voters approved a ballot measure to build a bullet train from San Francisco to Los Angeles. It was supposed to be fast enough to make the journey in under three hours. And passengers could hop on by 2020, for a total cost of $33 billion.

Eighteen years later, there is nothing to ride.

Breaking Down $15 billion Spent on California's Train to Nowhere

Notes From the Field By James Hickman (Simon Black / Sovereign Man) August 28, 2026

Eighteen years later, there is nothing to ride.

Emblematic of the progress so far is a field outside Fresno, where lonely viaducts poke into the sky with no rail connecting them. The locals call it their own Stonehenge.

And the state’s 2026 revised business plan now says it will cost $126 billion to complete... by 2040. Eighteen years into a 12-year project, they’re now saying they need another $93 billion and 14 more years.

Why is the price nearly four times higher than the original estimate?

Well, let’s try to answer that by tracking where the $15 billion already spent has gone.

The California High-Speed Rail Authority's own business plan shows that about $9.1 billion went to three construction contracts covering 119 miles of the project. Those contracts are for the civil work only, meaning dirt, pipes, power lines, and concrete.

For that, California got about 80 miles of finished roadbed, i.e. the raised, graded earth that the track will eventually sit on, plus various bridges and overpasses.

In case you’re not keeping score, that works out to $77 million per mile... but that doesn’t include the actual train tracks.

No, California plans on building the rail, the electric wire, and the signals with an additional $3.5 billion contract— which was just awarded in June (i.e. 18 years in to a 14-year project).

And $3.5 billion of rail only encompasses a very small portion of the total distance they need to build.

For a rough comparison, Brightline— a private company in Florida— finished a Miami to Orlando line in 2023, with 235 miles of track, stations, and trains, for about $6 billion, or $25 million a mile.

So California’s is three times what Florida’s cost WITHOUT including the cost of the rail, the trains, and the stations.

Extraordinary. Where did all this money go?

They claim that $1.57 billion went to buying property— the narrow strip of land under the 119 miles (i.e. less than a third of the project).

But if you look at real estate prices in the area (Central Valley farmland went for about $12,000 an acre when the buying started), the actual land value was worth maybe $35 million at the time.

In other words, the state OVERPAID what the land was worth by 30x. I’m sure absolutely zero politicians or their families profited from that overpayment.

The next $3.6 billion went to studies, i.e. environmental reviews, and something the state calls “program-wide support”. That's the second-biggest item on the bill.

The Authority started in 2008 with ten employees and hired a consulting firm to run the project. By 2018 the state had grown its own staff to about 190, with the consulting firm employing 485 people on the job.

This outside firm is generating hundreds of millions of dollars per year to do nothing.

When the state auditor went looking for what all those people had produced, 145 of the 184 deliverables were missing.

Not deliverables like rails and bridges. We’re talking about reports. The consultants couldn’t even manage that.

Governor Gavin Newsom's reaction was to promise a purge. Yet the same firm still runs the project. And every slip in the schedule means the firm gets paid more. In fact this year's plan added another $145 million for consultants.

In July the project's own Inspector General wrote that the Authority "has obscured basic facts about the project" and made oversight harder for the legislature.

For example, in January, the Authority agreed to pay one of its contractors $537 million to settle nearly 600 claims for extra costs.

What claims? Were the claims real? Nobody knows, because nobody has audited it. The Inspector General, whose job that is, says his office is half-staffed. Maybe he should hire an outside consulting firm.

How could anyone look at all this and not see the same kind of fraud the Somalis are running in Minneapolis?

You take tax dollars and funnel them through layers of government employees, consultants, contractors, and unions, all of them tied to the political establishment. In return, those people spend a slice of their ill-gotten gains keeping the politicians who make it possible in office.

California's version may be ‘legal’ graft. But that hardly makes it different. It might be worse, since at least in Minneapolis the people on the take can be prosecuted.

Who's to say the contractor didn't earn an extra $537 million? Who's to say the consultants' reports weren't worth every dollar of the $3.6 billion?

And when someone tries to get to the bottom of it, they make asking questions illegal.

Nick Shirley, the YouTuber whose video of empty tax-funded Minneapolis day cares went viral last Christmas, walked into a Los Angeles immigrant-services nonprofit this summer and asked where the $80 million in government money it has taken over the last four years went.

But they were ready to silence him, because two months after the Minneapolis video, that same nonprofit had co-sponsored a bill letting its staff sue anyone who posts videos of them online. Newsom signed it into law on Saturday.

Starting in October 2027, anyone who works at, volunteers at, or gets help from an immigration nonprofit can sue whoever posts their picture online, for at least $4,000 plus attorney's fees.

And these are the same people who mock anyone who suggests an election might not be secure.

Why wouldn't you trust them to count the mail-in ballots at 3 a.m.?

Nobody should bet a family's future on these people getting better. The tax-funded gravy train isn't slowing down if they have anything to do with it.

And that's exactly why it makes sense to have a Plan B.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

PS: Schiff Sovereign Premium is our guide to building that Plan B: legally cutting your tax bill, gold and precious metals strategies, research on undervalued real asset businesses, and diversification moves that keep your money and your freedom of movement out of any one government's reach.

Breaking Down $15 billion Spent on California’s Train to Nowhere | Schiff Sovereign

Dinar Recaps 20 8/31/26 Dinar Recaps 20 8/31/26

How Close Is The Dinar Revaluation ?

How Close Is The Dinar Revaluation ?

The Dinar Den: 8-30-2026

The journey of following the Iraqi dinar (IQD) has tested the patience of investors worldwide for nearly two decades. Recently, a compelling discussion between two seasoned market participants with over 16 years of individual experience shed light on the latest developments surrounding the currency’s potential revaluation and redenomination.

This in-depth conversation offers a much-needed analytical breakdown of the conflicting reports circulating in the financial community, providing a clearer picture of where the process currently stands.

How Close Is The Dinar Revaluation ?

The Dinar Den: 8-30-2026

At the heart of the dialogue is the complex puzzle of deleting zeros from the local currency, alongside concurrent political stability efforts and vital domestic financial reforms. The speakers carefully dissect how these moving parts must align to achieve meaningful economic transformation.

A major focal point of the conversation is the heavy oversight provided by global financial institutions and international partners, which play an indispensable role in ensuring that Iraq successfully meets the stringent criteria required for a successful monetary shift.

Furthermore, the discussion highlights the strategic influence of key financial figures, specifically pointing to U.S. Treasury Secretary and currency specialist Scott Bessent.

His expertise and involvement are viewed as critical components in guiding Iraq’s currency policy, ultimately aiming for the nation’s seamless reintegration into the global financial architecture. Understanding these high-level diplomatic and economic maneuvers helps demystify why the process has taken so long and what milestones still need to be achieved.

Beyond macroeconomics, the conversation addresses the practical and psychological aspects that every long-term participant faces. The speakers touch upon projected exchange rate ranges, the identification of funding sources necessary to back the redenomination, and the undeniable emotional toll of waiting through years of delays and false starts.

Despite the opacity and complexity that often shroud these financial updates, both investors express a grounded, cautious optimism. They suggest that the conclusion of this lengthy journey may finally be approaching within the coming months, while encouraging patience and steadfast confidence among those who have followed the story for years.

To dive deeper into this comprehensive analysis and hear the full breakdown, you can watch the complete video from The Dinar Den on YouTube for further insights and information.

https://www.youtube.com/watch?v=wUUjwcgZqs0