Seeds of Wisdom RV and Economics Updates Tuesday Evening 8-11-26

Good Evening Dinar Recaps,

BRICS Payment Networks: A New Cross-Border Financial Architecture Takes Shape

BRICS nations are moving toward greater payment-system connectivity while China expands the international role of the yuan, signaling a gradual shift toward a more multipolar financial infrastructure.

 OVERVIEW

• BRICS nations are discussing ways to connect their fast-payment systems and central bank digital currencies (CBDCs) to make cross-border transactions faster and potentially less expensive.

• China is simultaneously advancing the international use of the yuan in trade and investment, adding another layer to the development of alternative financial channels.

• The developments do not establish a replacement for the U.S. dollar, but they do show major emerging economies building greater flexibility into the infrastructure used for international payments and trade.

KEY DEVELOPMENTS

1. BRICS Discusses Connecting National Payment Systems

Reserve Bank of India Governor Sanjay Malhotra said BRICS nations are discussing linking their fast-payment systems and CBDCs as part of efforts to improve cross-border payments.

The discussions are still in an early stage, but the fact that CBDC connectivity is being considered at the BRICS level represents a significant step toward greater interoperability between national financial systems.

2. Lower-Cost Cross-Border Payments Are a Central Objective

The goal is not simply to create another payment network. BRICS officials are examining whether existing national systems can be connected to reduce transaction costs and improve the efficiency of international payments.

For businesses engaged in cross-border trade, faster settlement and lower transaction costs could eventually make local-currency transactions more practical.

3. China Pushes for Greater International Use of the Yuan

China's central bank has separately committed to broadening the international use of the yuan in trade and investment as part of its five-year financial strategy.

The policy reinforces China's effort to increase the currency's role in international commerce while maintaining a stable yuan exchange rate and continuing to open parts of its financial system.

4. The Evidence Points to Infrastructure Diversification

The developments should not be interpreted as proof that BRICS is creating a new currency to replace the dollar.

The more measurable shift is occurring underneath the currency question: countries are developing additional payment rails, digital currencies and settlement mechanisms that could allow international transactions to move through a wider range of systems.

 5. A More Multipolar Payment System Is Emerging

The BRICS discussions are part of a broader global movement toward interoperable digital financial infrastructure.

If these systems eventually move from discussions and pilots into large-scale operation, the global financial system could become more diversified, with multiple interconnected payment networks operating alongside the established dollar-based infrastructure.

WHY IT MATTERS

For the global economy, cheaper and faster cross-border payments could reduce friction in international trade and make transactions between emerging-market economies more efficient.

For financial markets, greater use of local currencies and alternative settlement channels could gradually influence currency demand and capital flows.

For central banks and policymakers, the development raises an increasingly important question: who will establish the standards and infrastructure through which international money moves in the next generation of global finance?

The significance is therefore larger than any single BRICS payment initiative. The underlying competition is increasingly about financial infrastructure, interoperability and settlement technology.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Greater international use of BRICS currencies could eventually create additional sources of demand for currencies used in cross-border trade.

• Purchasing power: More efficient settlement could reduce some costs associated with international transactions and currency conversion.

• Capital flows: If more international trade is settled directly in local currencies, capital flows could gradually become more diversified across currencies.

• Exchange rates: Increased international use of currencies such as the yuan and rupee could influence long-term currency demand, although the ultimate impact remains uncertain.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Trade

The most immediate structural effect is on international trade settlement. Connecting fast-payment systems could make cross-border transactions more efficient and provide businesses with additional settlement options.

Over time, greater interoperability could reduce some of the friction associated with traditional correspondent-banking channels and make local-currency trade more practical between participating economies.

• Pillar 2: Technology

The deeper structural shift is the development of digital financial infrastructure connecting national payment systems and CBDCs.

If these systems become interoperable at scale, the technology supporting international finance could become more decentralized across multiple national and regional networks rather than relying predominantly on established financial infrastructure.

CONCLUSION

BRICS is not demonstrating that the U.S. dollar is being replaced. What the evidence does show is more gradual and potentially more important: major emerging economies are building additional ways for money to move across borders.

The combination of BRICS payment-system discussions, potential CBDC connectivity and China's effort to expand the international use of the yuan points toward greater diversification of global financial infrastructure.

This transition will not happen overnight, and significant technical, regulatory and political obstacles remain. But the direction is becoming increasingly visible.

The global financial system may not be replacing the existing architecture—it is building additional rails alongside it, and those rails could reshape how international money moves.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "BRICS nations discuss linking payment systems and CBDCs, RBI chief says"

• Reuters — "China's central bank vows to expand yuan's international use in five-year plan"

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Tuesday Evening 8-11-26

Baghdad To Host Arab Small And Medium Enterprises Summit In October

Money and business   Economy News — Baghdad  The fourth edition of the Arab Summit for Small and Medium Enterprises for the year 2026, under the patronage of Prime Minister Ali Faleh Al-Zaidi, will be launched in Baghdad for the period from 18 to 20 October.

The spokesman for the General Secretariat of the Council of Ministers and Chairman of the Media Committee of the conference, Haider Majeed, said that "the work of the conference is organized by ESCWA in partnership with the Ministry of Planning, and with the participation of a wide range of ministries, government institutions, the private sector, financial and banking institutions, universities, entrepreneurs, startups, international and regional organizations, experts and specialists in the fields of economic development and entrepreneurship."

He added that "the conference comes as an embodiment of the government's directions in supporting the national economy, enhancing the role of the private sector, and empowering small and medium enterprises as one of the most important engines of sustainable development, by providing a national platform to exchange experiences, review successful experiences and discuss policies and programs to develop the entrepreneurship system and improve the business environment in Iraq."

He pointed out that "the partnership with regional and international organizations embodies the importance of cooperation with specialized international organizations, and benefit from their technical and advisory expertise in supporting development policies and strengthening the capabilities of national institutions, in line with international best practices and sustainable development goals."

He added that the conference will contribute to the development of practical recommendations that support the development of policies for small and medium enterprises, expand financing and investment opportunities, stimulate innovation, create new job opportunities, and strengthen partnership between the public and private sectors, thus contributing to the diversification of the national economy and raising the contribution of entrepreneurial projects to achieve sustainable economic growth

https://www.economy-news.net/content.php?id=72478

EIA: US Crude Imports From Iraq Fall To Zero

2026-08-11 Shafaq News- Washington   US crude oil imports from Iraq fell to zero in the latest four-week average, down from 45,000 barrels per day in the preceding period, according to the US Energy Information Administration (EIA).

The drop extends a sharp decline in Iraqi crude shipments to the United States. EIA weekly data showed no imports from Iraq in the weeks ending July 3, July 10, and July 17, after shipments had already fallen to zero in two weeks of June.

Iraq, OPEC's second largest producer, ranked seventh among the United States' top 10 crude oil suppliers based on 2024 volumes, according to the EIA's weekly import table. The United States imported an average of about 179,000 barrels per day of Iraqi crude in 2025, compared with 198,000 bpd in 2024 and 213,000 bpd in 2023.

https://www.shafaq.com/en/Economy/EIA-US-crude-imports-from-Iraq-fall-to-zero

Non-Oil Weakness Clouds Iraq Economy Despite 10% Money Growth

2026-08-11 Shafaq News- Baghdad   Iraq’s money supply has risen by nearly 10% since the start of the year while inflation has remained around 3%, a combination that could signal weaker non-oil activity or increased cash hoarding, economist Manar Al-Obaidi warned on Tuesday.

Under stable money velocity and output growth, a larger money supply would normally put upward pressure on prices. Al-Obaidi argued that the absence of such an increase points to two possible explanations: a marked slowdown in non-oil GDP or weaker circulation of money through the economy.

Read more: Iraq turns to bank borrowing to cover August salaries amid oil-revenue collapse

A non-oil slowdown, he warned, would directly hit private-sector employment. Trade, which is Iraq’s “third-largest contributor to GDP after oil and the government sector,” has also been pressured by the ASYCUDA customs system, higher tariffs and transport and shipping problems.

As an indicator of weaker commercial activity, Al-Obaidi cited a 41% year-on-year decline in Central Bank of Iraq sales, acknowledging that precise data measuring the fall in company activity and demand for jobs remain unavailable.

The second possibility is increased cash hoarding, driven by market concerns over government liquidity and leaving a larger share of issued money outside active circulation.

Al-Obaidi called for urgent stimulus for the commercial and industrial sectors through easier business procedures and tax and customs exemptions, arguing that low inflation should be maintained without constraining private-sector growth and job creation.

Iraq is also facing a liquidity squeeze, with the government moving to borrow more than 3 trillion dinars (about $2.3B) from local private banks to cover August salaries. Government spokesman Haidar Al-Aboudi put monthly state spending needs at about 10.8 trillion dinars (around $8.2B), against oil revenues of roughly 2.5 trillion dinars (nearly $1.9B), while economist Ahmed Eid warned that heavier public borrowing could restrict credit to private businesses and further slow economic activity.

Read more: 2026 budget: Iraq confronts unprecedented fiscal strain

https://www.shafaq.com/en/Economy/Non-oil-weakness-clouds-Iraq-economy-despite-10-money-growth

USD/ IQD Exchange Rates Climb In Baghdad, Erbil

2026-08-11  Shafaq News- Baghdad/ Erbil   The US dollar closed Tuesday’s trading higher in Baghdad and Erbil, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya central exchanges at 153,750 dinars per 100 dollars, up from 153,250 dinars in morning trading.

In the Iraqi capital, exchange shops sold the dollar at 154,250 dinars and bought it at 153,250 dinars, while in Erbil, selling prices stood at 153,450 dinars and buying prices at 153,400 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-climb-in-Baghdad-Erbil-3

Gold Rises In Baghdad, Stabilizes In Erbil

2026-08-11 Shafaq News- Baghdad/ Erbil   Gold prices rose in Baghdad on Tuesday, with 21-carat foreign gold reaching 948,000 Iraqi dinars per mithqal, up 8,000 dinars from Monday, while prices in Erbil held steady.

According to Shafaq News market survey, wholesale markets on Baghdad’s Al-Nahr Street priced 21-carat Gulf, Turkish, and European gold at 948,000 dinars per mithqal for sale and 944,000 dinars for purchase. The selling price stood at 940,000 dinars on Monday.

Iraqi 21-carat gold was quoted at 918,000 dinars per mithqal for sale and 914,000 dinars for purchase.

At Baghdad jewelry shops, retail prices for 21-carat Gulf gold ranged between 950,000 and 960,000 dinars per mithqal, while Iraqi gold traded between 920,000 and 930,000 dinars.

In Erbil, gold prices were unchanged, with 22-carat gold selling at 978,000 dinars per mithqal, 21-carat at 935,000 dinars, and 18-carat at 800,000 dinars.

https://www.shafaq.com/en/Economy/Gold-rises-in-Baghdad-stabilizes-in-Erbil-3

Ariel: Clarity Act Cloture, EO 14405 and 14406, Iraq Digital Integration, VND Endgame, and September 30

Ariel:  Clarity Act Cloture, EO 14405 and 14406, Iraq Digital Integration, VND Endgame, and September 30

8-11-2026

Iraq’s Urgent Digital Integration Movement: Locking In The Rail Connection (And Other News)

Clarity Act Cloture, EOs 14405/14406, Iraq Digital Integration, VND Endgame & September 30

The chess pieces are moving at breakneck speed.

Thune filing cloture on August 8th is the trigger.

The Cabal’s stall tactic is dead.

By forcing a vote post-recess, Thune is locking in the timeline.

The September 15 test vote is the final gate. But the real pressure isn’t just Congressional it’s Executive. But we also touch upon more info regarding the VND. And why you have a very solid holding more so than Zim & Venezuela.

Iraq: The Apple End-Run Accelerates

The Prime Minister’s meeting on performance-based budgeting and monetary measures for market stability is the public translation of “we are readying the system for the new exchange rate.” The urgent message from the Finance Minister and CBI Governor dropping exactly 3 days after Apple Pay went live is the sync.

Apple provides the global tech rail; the CBI provides the sovereign digital dinar; customs provides the trade verification. The physical three-zero cash notes are being starved of liquidity. When the digital rail is fully synced to customs, the RV drops. They are not waiting for Washington.

VND Intel: The Silent Asian Pivot

Do not expect a sudden overnight “RV” with the VND like we expect for IQD. Expect a strategic, tiered revaluation.

The IMF and Asian Development Bank are reportedly pushing for this to align with the September 30 fiscal year close. A stronger VND allows Vietnam to service sovereign debt in stronger terms and transition from an export-reliant economy to a domestic consumption powerhouse.

The window for a significant adjustment is Q4 2026, heavily leveraged to the September 30 fiscal deadlines. But of course that is just logistics. And who wouldn’t feel as if that still isn’t just a sudden? Especially if we are talking about 72 hours.

I hope you all have been buying VND. Because the potential on that currency is out of this world. I need to start covering that more. Because once Iraq revalues the sale of the VND could go through the roof. So if you don’t have Zim, Venezuela, or IRR. The best next case scenario is VND.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/iraqs-urgent-in-166332317

https://dinarchronicles.com/2026/08/11/prolotario-clarity-act-cloture-eo-14405-and-14406-iraq-digital-integration-vnd-endgame-and-september-30/

Iraq Economic News and Points To Ponder Tuesday Afternoon 8-11-26

Iraq Turns To Jordan And Syria For New Oil Export Routes

2026-08-10 Shafaq News- Baghdad   Iraq is moving toward Syria and Jordan as potential crude export outlets after Turkiye, as Baghdad seeks to diversify its routes to international markets, parliamentary Oil Committee member Zainab Al-Khazraji told Shafaq News on Monday.

After the agreement to export one million barrels of oil per day through the Turkish port of Ceyhan, the government is also holding talks with Iran regarding the movement of Iraqi oil tankers through the Strait, she added.

Iraq, OPEC’s second-largest oil producer, relies on crude exports for about 90% of federal revenue, leaving the country particularly exposed to disruptions in the Strait of Hormuz. This waterway normally carries roughly one-fifth of global oil supplies. In late March, Oil Minister Basim Mohammed Khudair confirmed that the country is currently producing 2.7 million barrels of oil per day, with exports ranging between 1.5 and 1.7 million barrels daily.

Read more: Iraq's oil revenues under US financial guard 23 years after invasion

Maritime traffic through the strait remains sharply restricted following its closure since February 28. Only seven vessels crossed in the past 24 hours —five inbound and two outbound— with six visible through the Automatic Identification System (AIS) and one operating without an AIS signal, according to maritime intelligence firm Windward.

Read more: No exit but Hormuz: Iraq’s economic vulnerability exposed

Against that backdrop, the Oil Ministry earlier today unveiled plans for a new pipeline system along two routes, one reaching Fishkhabur on the Turkish border and another extending to Baniyas on Syria’s Mediterranean coast, as part of efforts to reduce reliance on Hormuz. A government source previously told Shafaq News that an Iraqi delegation would visit Iran for talks on energy supplies and securing passage for tankers carrying Iraqi crude through the waterway.

https://www.shafaq.com/en/Economy/Iraq-turns-to-Jordan-and-Syria-for-new-oil-export-routes

Oil Hits Two-Week High On US-Iran Impasse

2026-08-11 Shafaq News   Oil prices rose on Tuesday as negotiations between the United States and Iran over a peace deal and the reopening of the Strait ​of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook.

U.S. President Donald Trump responded with his own ‌demands on Monday to Iran's conditions for a peace deal, calling for Iran to pay compensation for those killed in wars, attacks and protests, in a rhetorical escalation likely to complicate efforts to reopen the crucial waterway.

Brent crude futures edged up to $88.09 per barrel and U.S. crude futures rose to $82.52, both the highest levels since July 31, after the contracts rallied roughly 5% on Monday.

"We're ​now in a bit of a Mexican standoff, if you'd like, in terms of who blinks first," said Tony Sycamore, a market analyst at IG.

"This ​is going to be almost a war of attrition now," he said. "You probably can see the (oil) market sitting around the $75 to $95 ⁠range while we wait to see who blinks first."

The latest uptick in fuel costs raises the stakes for the U.S. July consumer price report due on Wednesday, ​at which expectations are for a monthly rise of 0.1% in the headline reading and 0.2% for the core measure.

Any upside surprise could rekindle bets of a Federal Reserve ​rate hike next month, with the odds currently a coin toss.

"We think the risks are skewed towards a hot print, which would probably drive a rebound in rate expectations and, potentially, renewed worries about stagflation," said Jonas Goltermann, chief markets economist at Capital Economics.

"Overall, our assessment remains that the U.S. economy is running a bit hotter than a 'Goldilocks' situation. That points to higher interest ​rates."

Trading of cash U.S. Treasuries was closed in Asia on Tuesday owing to a holiday in Japan, but futures fell slightly, implying higher yields.

The Reserve Bank of Australia (RBA) ​held its cash rate steady at 4.35% for a second straight meeting on Tuesday, saying the economy was slowing as expected, but warned it might yet hike again if needed to control ‌inflation.

MSCI's broadest ⁠index of Asia-Pacific shares outside Japan swung between losses and gains and was up 0.36%, while South Korea's KOSPI rose 1.3%, as the latest escalation in Gulf hostilities kept market sentiment fragile.

Nasdaq futures edged 0.34% higher while S&P 500 futures added 0.13% after Wall Street ended lower in Monday's cash session.

EUROSTOXX 50 futures were flat, while FTSE futures fell 0.05% and DAX futures edged 0.07% higher.

Overnight, Nvidia said it partnered with six major financial institutions to launch compute financing platforms aimed at raising more than $500 billion in third-party ​capital for AI infrastructure, underscoring the scale ​of the sector's investment boom.

"A small ⁠part of me was left wondering whether this is how it felt when sub-prime mortgages first became a mainstream product - the innovation that eventually helped trigger the GFC," added Sycamore.

Hong Kong's Hang Seng Index was down 0.6%, while China's CSI300 blue-chip index ​eased 0.05%.

Among currencies, the yen was back in the spotlight, struggling on the weaker side of 159 to the dollar ​and well off last ⁠week's high of 155.20 after several suspected rounds of intervention, including a joint one by Japan and the United States.

"The market likely remains vigilant about further joint U.S.-Japan yen-buying intervention, so USD/JPY breaching 160 in the very near term seems unlikely," Nomura analysts said in a note.

"However, the latest price action indicates there are quite a lot of USD/JPY dip-buyers, after ⁠the pair ​reached the 156 to 157 range for the first time since May."

The dollar got a marginal lift ​from the renewed climb in oil prices, keeping the euro away from a 1-1/2-month high as it traded at $1.1541, while sterling eased from Monday's one-month top and changed hands at $1.3511.

The Australian dollar briefly slipped in ​the wake of the RBA decision and was down 0.07% by $0.7049.

Elsewhere, spot gold was up 0.33% to $4,402.52 an ounce.   (REUTERS)

https://www.shafaq.com/en/Economy/Oil-hits-two-week-high-on-US-Iran-impasse

Basrah Crudes Rise Amid Global Oil Gains

2026-08-11 Shafaq News- Basrah   Iraq’s Basrah crude climbed more than 0.5% on Tuesday, as global oil markets moved higher.

Basrah Heavy crude rose by 30 cents, or 0.55%, to $55.09 per barrel, while Basrah Medium crude gained 30 cents, or 0.53%, to settle at $57.39 per barrel.

Brent crude advanced by 22 cents, or 0.25%, to $87.94 per barrel, while US West Texas Intermediate crude increased by 22 cents, or 0.27%, to $82.37 per barrel.

UAE Murban crude jumped 5.79% to $84.90 per barrel, while OPEC's basket climbed 3.33% to $79.53 per barrel.

https://www.shafaq.com/en/Economy/Basrah-crudes-rise-amid-global-oil-gains

Turkish Food Exports To Iraq Reach $16M+ In July

2026-08-11 Shafaq News- Ankara   Turkish Mediterranean exporters shipped $16.8 million million worth of cereals, pulses, oilseeds and related products to Iraq in July, making it their second-largest foreign market after Iran.

The Mediterranean Cereals, Pulses, Oilseeds and Products Exporters’ Association (AHBIB) recorded $173.5 million in total exports during the month, up 13% from a year earlier.

Pulses led exports at $36.3 million, accounting for 22% of the total, followed by vegetable oils at $35.8 million and pastry products at $32.8 million, while red lentil exports reached $26.6 million, up 65% in value.

Iran ranked first among AHBIB’s July markets at $21.3 million, followed by Iraq at $16.8 million and Syria at $9.9 million.

Turkiye Exporters Assembly President Mustafa Gultepe has described Iraq as one of Turkiye’s key export markets, with cereals among the three leading Turkish export sectors to the country. Turkiye’s total exports reached a record $25.6 billion in July, up 2.9% year on year.

https://www.shafaq.com/en/Economy/Turkish-food-exports-to-Iraq-reach-16M-in-July

Central Banks Choose Between Gold and Dollars. Gold Is Winning

Central Banks Choose Between Gold and Dollars. Gold Is Winning

Notes From the Field By James Hickman (Simon Black / Sovereign Man) August 10, 2026

Every country on earth keeps a rainy-day fund: a pile of emergency savings, managed by its central bank, set aside for wars, crises, and currency runs.

These stockpiles of cash around the world are known as a nation’s “reserves”, and the people who manage those funds are called reserve managers.

PIC

Due to America’s superpower status, managers tend to hold the vast majority of their nations’ reserves in US dollars— most commonly in US government bonds like the 10-year note.

Now, every year, a London institute called OMFIF surveys dozens of these reserve managers who collectively hold more than $10 trillion— and OMFIF asks the same question each year:

What does your central bank plan to do with its US dollars?

This year, for the first time, more reserve managers said they planned to cut their dollar holdings than increase them.

Reserve managers are the least excitable people in finance. Their job is to be boring, to hold safe assets, and to never make news. So this is not an emotional knee-jerk reaction. It is a decision that has been decades in the making and accelerated over the past few years.

The critical moment came in February 2022 when Russia invaded Ukraine; the US government froze roughly $300 billion of Russia’s reserves, i.e. assets that were held outside of Russia.

Interestingly enough, many of those frozen Russian assets were actually held in EUROPE, not the United States. But the US government still exerted control, pushing Europe to freeze those Russian-owned bonds.

Every reserve manager on the planet learned the same lesson that day: if you ever land on America’s bad side, the US government will lock you out of your national savings in an instant.

And it was at that point that central banks around the world started shopping around for more secure reserve assets that the Treasury Department cannot freeze.

Given that foreign countries collectively hold tens of trillions of assets (most of which is denominated in US dollars), they couldn’t exactly dump their holdings overnight. No one is willing to shout “FIRE” in a crowded theater; but they are, however, calmly making their way to the door.

But this process will take years, perhaps even a decade or more.

The key question is— where are they going to park their reserves, if not US dollars? There certainly have been a number of lingering options, from the “BRICs dollar” to China’s digital currency.

But the obvious answer (as we have been writing about for years here) is gold.

From 2022 through 2025, central banks bought a few hundred billion dollars worth of gold (above their normal purchases). This amounts to roughly 2% of their reserves.

Yet by parking just 2% of their reserves into gold, gold prices more than doubled from ~$1,600 back then to more than $4,000 today.

It’s important to note that the sudden spike in gold prices to $5,600 early this year wasn’t from central bank purchases— that was mostly hedge funds and retail investors piling in.

Gold prices slid back down to $4,000 as those investors exited. But central banks have started buying again; net central bank purchases amounted to 244 tonnes in the first quarter of 2026— well above their five-year average. And net purchases continued in April and May.

The big headline is that those same central bank reserve managers recently told OMFIF that they plan on moving AT LEAST another 7% of reserves out of dollars over the next decade.

Most likely the bulk of this reserve diversification will go into gold.

In other words, 2% of reserves more than doubled the gold price between 2022 and 2026. Now they plan to invest over three times that amount over the next decade. Any guesses where the gold price is headed?

These bankers also expect to pay more for gold; 61% of the central banks OMFIF surveyed estimated a gold between $5,000 and $6,000 an ounce by June 2027. And yet, even at record prices, most of them still plan to buy gold over the next two years.

Think about that. The institutions that just bought the gold price dip expect the price to go up within a year… and their stated plan is to keep buying more.

Most individual investors are very short-term in their thinking. They look at day-to-day price fluctuations and tend to follow popular trends.

Central bankers, on the other hand, ignore daily, monthly, and quarterly noise. They think strategically... and their time horizon is in years if not decades.

They’re not doing this to make money; they aren’t planning to trade their US dollars for gold, only hoping to trade their gold back for more US dollars down the road.

Rather, they’re trying to protect their national savings by purchasing strategic assets that the US government cannot confiscate.

Ultimately this is why we believe that the long-term direction of gold is still much higher— because the largest buyers in the market are still buying, and they plan to continue buying for years to come.

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

 P.S.

When retail investors dumped gold this year, they dumped the gold producers too. But these companies were built to survive far lower prices, so at today's gold they are still enormously profitable, still throwing off cash, and still trading at low multiples of the cash they generate.

Schiff Sovereign's Strategic Assets is monthly investment research on exactly these kinds of businesses: already profitable, little or no debt, trading at a low multiple of free cash flow, with catalysts the market has not priced in.

https://www.schiffsovereign.com/investing/central-banks-choose-between-gold-and-dollars-gold-is-winning-155579/?inf_contact_key=9263a1a48724d0d1b5c5fa3d6b27cf0ebb81b9ded3d8b3c1b80fc8cf5b3ba7c9

Ross: Iraq’s Oil is the Dinar’s Revaluation

Ross: Iraq’s Oil is the Dinar’s Revaluation

8-11-2026

Iraq running on a 51 year old oil & gas law is actually crazy and so is IQD being worth $.00076.

It is a no-brainer for Iraq to finally pass the HCL and increase the purchasing power of the dinar.

Inevitable if Iraq is to ever prosper.

Kurdistan 24 English:"WE NEED A MODERN OIL & GAS LAW": Prime Minister Masrour Barzani Highlights outdated 1975 Legislation In an exclusive interview with Al Jazeera, Kurdistan Region Prime Minister Masrour Barzani emphasized the urgent need for Iraq to enact a comprehensive federal Hydrocarbon Law, revealing that current energy sector regulations in Iraq still rely on legislation dating back to 1975.

Japan’s XRP depth + Iraq’s live digitization pressure creates a logical area of overlap that goes beyond traditional oil-and-construction diplomacy.

Japan sits at the institutional end of XRP and regulated stablecoin rails.

Iraq is simultaneously forced by liquidity stress to modernize payments and reduce reliance on physical IQD cash circulation.

A serious Japanese commercial presence that includes fintech, payments infrastructure, or digital identity/onboarding know-how would be additive to the digitization track already underway at the CBI.

The liquidity crises on both sides make the timing less coincidental than it might appear.

The market still prices Iraq as a high-risk single-outlet producer.

Every credible step that changes that perception — especially ones that bring Western capital and alternative Mediterranean access — moves the dial on what a sustainable dinar rate can look like once the political and legal scaffolding is finished.

Iraqi News:Iraq's Ministry of Oil unveiled plans Monday for a major new pipeline network with two export routes toward Faysh Khabur and the Syrian port of Baniyas, aiming to diversify crude exports beyond the southern Gulf terminals.

For the first time, the Iraqi government has begun preparing a program- and performance-based budget.

This is explicitly framed as a roadmap for Iraq’s economic future that links government spending directly to measurable goals and outcomes, rather than the traditional opaque line-item budgeting that has long enabled waste and leakage.

Key points from the statements:

• The shift is designed to improve the efficiency of public funds and create accountability.

• Electricity sector gets “exceptional attention.”

• No red lines on pursuing corruption cases.

• Broader state-building strategy: build a new economic Iraq, corruption-free government institutions, and constitutional security institutions.

• Major global companies are showing strong interest in investing; international financial institutions are ready to support the economy.

• Goal is to create a suitable environment for investment and revitalize economic sectors.

Performance-based budgeting is exactly what the IMF, World Bank, and serious FDI players look for.

External catalysts (HCL progress, banking sector overhaul, regional deals, oil policy) matter enormously, but internal fiscal credibility is what keeps IQD from immediately unraveling after any rate change and what attracts the long-term capital that actually supports a higher rate.

Zoom News: Iraqi PM Ali al-Zaidi hosted the Parliamentary Finance Committee, alongside the finance minister and central bank governor on Monday, to discuss fiscal and economic policies, saying the government has, for the first time, begun preparing a program- and performance-based budget serving as a roadmap for Iraq’s economic future by linking government spending to goals and outcomes - statement Al-Zaidi also says the government is working on a state-building strategy focused on building a new economic Iraq, corruption-free government institutions and constitutional security institutions, while major global companies are showing strong interest in investing in Iraq and international financial institutions are ready to support its economy.

Read full post here:  https://dinarchronicles.com/2026/08/11/ross-iraqs-oil-is-the-dinars-revaluation/

What The Digital Dinar Means For Dinar Investors

What The Digital Dinar Means For Dinar Investors

The Dinar Den: 8-10-2026

For years, the Iraqi dinar (IQD) has been a subject of intense interest and speculation among global currency investors. While online forums are often filled with sensational claims of overnight riches and imminent currency revaluations, seasoned investors take a more analytical approach.

In a recent video from the popular YouTube channel The Dinar Den, Stephen—an entrepreneur and long-time Iraqi dinar investor—provides a grounded, realistic perspective on the current state of Iraq’s economy. Instead of focusing on unverified rumors, Stephen highlights a far more critical development: Iraq’s rapid transition toward a digitized financial infrastructure.

For anyone tracking the progress of the Iraqi dinar, understanding this digital evolution is essential. Here is a comprehensive breakdown of Stephen’s insights, the current realities of the Iraqi exchange rate, and why modernization is the true catalyst for Iraq’s economic future.

To understand where the Iraqi dinar is going, investors must first acknowledge where it currently stands. Stephen begins his analysis by addressing the persistent rumors circulating within the investor community. He clarifies that, despite various online claims of secret rate changes or premature currency exchanges, the official exchange rate set by the Central Bank of Iraq (CBI) remains firmly at 1,310 Iraqi dinars per US dollar.

To illustrate the dangers of falling for unchecked hype, Stephen shares a cautionary tale about the risks of following unreliable “gurus” in the dinar community. Many of these sources routinely predict exact dates and rates for a revaluation (RV), leading to cycles of hope and disappointment for unsuspecting investors. Stephen emphasizes that relying on speculative claims rather than verifiable economic data can lead to poor financial decisions.

 In reality, currency adjustments are not dictated by forum rumors; they are the result of deliberate, structural economic reforms.

Rather than waiting for an overnight miracle, Stephen urges investors to look at the tangible progress happening on the ground in Baghdad. Chief among these developments is Iraq’s accelerating shift toward a digital currency system. For decades, Iraq has operated primarily as a cash-based society, with vast sums of currency held outside the formal banking system.

Stephen argues that establishing a robust digital financial infrastructure is a crucial prerequisite for any future currency adjustment or revaluation. A modern, digital economy provides the stability and transparency that international markets require before they can fully trust a national currency. By transitioning away from physical cash, Iraq is laying the groundwork for a more resilient and globally integrated economy.

This digital push does not exist in a vacuum. It is deeply interconnected with Iraq’s broader banking reforms and highly anticipated legislative changes, such as the national Hydrocarbon Law. The Hydrocarbon Law aims to establish a transparent framework for distributing the country’s vast oil revenues among its provinces.

For this revenue-sharing model to work efficiently and without corruption, a modern banking infrastructure is vital. The ongoing reforms within Iraqi commercial banks—such as adopting international accounting standards and partnering with global financial institutions—are designed to support this transition. Together, these legislative and technological advancements represent the true pillars of Iraq’s economic revival.

Ultimately, Stephen’s message is one of patience, education, and realism. He advises Iraqi dinar investors to look past the sensationalized headlines and instead focus on the tangible, verifiable milestones of Iraq’s financial modernization.

The transition to a digital economy, the restructuring of the banking sector, and the implementation of key economic legislation are the true indicators of progress.

https://www.youtube.com/watch?v=Irqtvr6OUrs

News, Rumors and Opinions Tuesday 8-11-2026

Ariel:  This Timeline Now Makes Perfect Sense

8-11-2026

People keep this in mind. Under Article 70 of the Iraqi Constitution, major financial reforms specifically altering the exchange rate require a seated government and parliamentary consensus.

The factional disputes between Shia blocs and Kurdish parties over cabinet positions weren’t just drama; they were a legal blockade.

The Sept 30 Convergence

This Timeline Now Makes Perfect Sense:

• August 17: EOs 14405/14406 force U.S. digital asset compliance

• September 15: Clarity Act vote (or Executive mandate enforcement)

• September 30: U.S. fiscal year end + troop withdrawal deadline + Iraqi government fully operational

Without a fully seated government, any RV attempt would face immediate constitutional challenge and potential reversal. Now this seems to be something that is about to be resolved quickly.

Do you all see where this is headed?

AnnMarieF:The Prime Minister announces the imminent completion of the government's formation. Sudani and Maliki present today.

Source(s):
• https://x.com/Prolotario1/status/2086953705174126621

https://dinarchronicles.com/2026/08/11/prolotario-this-timeline-now-makes-perfect-sense/

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

Jeff   The two currencies will coexist together, large notes and small notes for a period of time...Deleting three zeros is the phasing out of larger notes.  You got to phase out the larger 3-zero notes because Iraq has perfect inflation right now, 3%.  That allows them to phase out and remove the large 3-zero notes and bring smaller notes in to simplify everything. 

Militia Man[The CBI and GOI] are prepping people, putting a seed in their head that change is coming.  They're opening up the conversation about the digital dinar.  They're opening up the conversation about delete the zeros.  They've been doing this for this past week.  When we put all this together without exaggeration the picture to me is clear.  There is a real cash pressure inside the government enough for the finance minister to take the lead...Talk of removing of the zeros and issuing new notes is happening in official newspapers after years of waiting.  Careful explanations are helping manage what people expect...

Reset Intelligence  On Sunday, Iraq's Finance Minister sat down with the Central Bank Governor...The same day...state television kept repeating that the government is weighing removing the three zeros from the currency...The signals are converging. Apple, Google and Meta are being licensed into Iraq's payment system...A note swap changes the paper.  A revaluation changes what the paper is worth.  Baghdad has activated neither, but a government does not repeat the quiet option on television day after day by accident.  This is conditioning, a population being prepared for money that moves differently and carries a different  number, while Washington builds the rails that money would travel. The signals are louder than ever.

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Gold & Silver Breakout! Endgame Is Near | David Morgan

Liberty and Finance: 8-10-2026

David Morgan warns that the global financial system may be closer to a major breaking point than ever before. He argues that silver prices have been manipulated in the short term, pointing to spoofing, options expiration, and extreme leverage as evidence of market distortion.

 Morgan also challenges claims that COMEX silver is being drained, while warning that the freely available physical silver supply may be far tighter than headline inventory numbers suggest.

 He says the unwinding of the yen carry trade could have devastating consequences for international debt and credit markets.

Morgan says he now believes “we’re near the end game” and urges investors to focus on protecting purchasing power.

INTERVIEW TIMELINE:

0:00 Intro 1:00 Gold & silver breakout

5:00 Is the COMEX being drained?

11:45 Gold & silver manipulation

16:30 What's happening on the exchanges?

20:50 Wealth preservations

23:50 Silver: Critical Mineral

28:30 Shanghai Gold Exchange

30:10 Yen intervention

https://www.youtube.com/watch?v=2x8DppOdMtY

Iraq Economic News and Points To Ponder Late Monday Evening 8-10-26

Iraq Is Considering Removing Zeros From The Dinar... Could This Be The Solution To The Liquidity Crisis?

August 9, 2026Last updated: August 9, 2026  The Independent – The issue of restructuring the Iraqi currency has resurfaced in economic discussions, coinciding with the government's liquidity crisis and its impact on financing public expenditures and delaying payments. While some economic experts are proposing ideas such as removing zeros from the dinar or issuing new banknotes, specialists warn against treating these measures as direct solutions to the financial crisis.

Current discussions are focused on finding tools to modernize the monetary system and regulate the money supply, given the expanding volume of financial transactions and the growing need to develop the banking infrastructure.

However, the fundamental question remains: can changing the currency address the financial and economic imbalances plaguing Iraq?

Removing Zeros... A Reorganization That Doesn't Increase Purchasing Power

Financial expert Dr. Nabil Al-Abadi believes that changing the national currency should not be treated as a technical or monetary procedure separate from the rest of the economic issues, stressing that removing zeros, if adopted, primarily represents a reorganization of monetary units and a simplification of arithmetic and accounting operations.

According to this argument, removing zeros does not automatically mean an increase in the citizen’s purchasing power or an increase in the real value of the dinar, because purchasing power is linked to the performance of the economy, levels of inflation, production, income, and fiscal and monetary policies.

Al-Abadi warns against confusing addressing the symptoms of the economic problem with addressing its causes, considering that a strong currency is the result of a strong economy and institutions, and not merely the result of changing the appearance of banknotes.

Is It Possible To Prosecute Illicit Funds?

Among the reasons that prompt some experts to propose changing the currency is the possibility of exploiting the replacement process to uncover illicit funds and bring part of the cash mass outside the banking system into the formal financial system.

But this idea faces major challenges, as Al-Abadi points out that large sums of money resulting from corruption or illegal activities may not even exist in the form of Iraqi cash, but have been converted into real estate, assets, investments, or funds outside the country.

Therefore, simply changing banknotes will not be enough to recover those funds or uncover their sources, unless it is accompanied by an integrated system of banking and tax audits and tracking of the movement of funds and assets.

Issuing New Currency Denominations: Another Proposal

In contrast to the idea of removing zeros, economic researchers propose the option of issuing new currency denominations that correspond to the size of the money supply and the movement of transactions in the market.

Economic researcher Imad Al-Muhammadawi believes that issuing a new currency denomination or changing the currency can be theoretically useful for regulating cash transactions, but it will not be sufficient to address the liquidity crisis or reduce corruption unless it is accompanied by a strict system for verifying the sources of funds.

He points out that the main issue is not the form of the banknote, but rather the ability of financial and regulatory institutions to know the source of large sums of money when they are deposited or exchanged.

Risks Of The Transitional Phase

The transitional phase is one of the most sensitive aspects of any currency restructuring project, as announcing a currency change can lead to preemptive moves in the market, whether by citizens, traders, or speculators.

Experts warn that the transition period could be exploited to raise prices or create confusion in the market, especially if there are no clear instructions regarding prices, exchange mechanisms, and the time period specified for dealing with the old and new currencies.

Furthermore, implementing the project suddenly may impose significant costs on the state, banks, companies, and citizens, ranging from printing the new currency to updating accounting systems, ATMs, electronic payment systems, contracts, and prices.

Banking Supervision Is A Prerequisite

Al-Muhammadi emphasizes that the success of any currency change project requires simultaneous regulatory measures, including obligating those with large sums to deposit their money in banks, verifying its sources, and linking banking information to tax data.

A specific time period can also be granted for currency exchange, with clear rules applied for dealing with large sums, allowing the competent authorities to scrutinize the sources of funds instead of turning the exchange process into an automated procedure that benefits everyone without discrimination.

At the same time, experts warn that weak oversight could backfire, as corruption networks could exploit loopholes before the replacement process begins to distribute funds or convert them into assets that are difficult to trace.

Financial Reform Before Currency Change

The economic views presented agree on one key point: changing the currency cannot be a substitute for comprehensive economic reform.

Addressing chronic imbalances in the budget, strengthening the independence of monetary policy, developing the banking sector, diversifying revenue sources, increasing domestic production, and improving the investment environment remain the most influential factors in the strength of the dinar and the stability of the economy.

Reducing dependence on oil revenues is also a key challenge for Iraq, especially since the ability of public finances to spend is largely dependent on oil revenues, price fluctuations, production and exports.

Between Removing Zeros And The Liquidity Crisis

Here, an important distinction emerges between currency restructuring and addressing the liquidity crisis ; removing zeros may contribute to simplifying transactions and accounts, but it does not necessarily mean providing additional funds to the government or addressing the financial deficit.

Similarly, issuing a new currency denomination may make it easier to handle large sums, but it does not automatically address the causes of liquidity shortages or financial imbalances.

Therefore, any decision regarding the Iraqi dinar requires a broad study that includes monetary, financial and banking policy, in addition to its impact on prices, savings, contracts, salaries and commercial transactions.

Comprehensive Reform Or Cosmetic Change?

The current debate presents the Iraqi decision-maker with two options: to deal with the currency change as an independent project, or to include it within a broader economic and financial reform program.

If the removal of zeros or the issuance of new denominations is adopted within an integrated system that includes banking and tax supervision, the promotion of electronic payment, combating money laundering, and reforming public finances, the project may turn into an opportunity to regulate the money supply and modernize the financial system.

However, if it is treated as a standalone solution to the liquidity crisis or a direct means of raising the value of the dinar, its results may be limited, and it may even create additional costs and risks during the transitional phase.

While discussions about the future of the Iraqi currency continue, the core issue remains broader than the number of zeros on banknotes; the strength of the dinar is ultimately linked to the strength of the economy, the stability of public finances, the efficiency of institutions, and the state’s ability to build a productive and diversified economy that reduces the fragility of the financial system in the face of crises.

https://mustaqila.com/العراق-يدرس-حذف-أصفار-الدينار-هل-يكون/

Seeds of Wisdom RV and Economics Updates Tuesday Morning 8-11-26

Good Morning Dinar Recaps,

BRICS Payment Networks: Cross-Border Connectivity Takes Shape

BRICS nations are exploring interconnected payment and CBDC systems that could gradually reshape how cross-border transactions move through the global financial system.

 OVERVIEW

• BRICS members are discussing links between their fast-payment systems and central bank digital currencies (CBDCs) as a way to reduce the cost and friction of cross-border transactions.

• Reserve Bank of India Governor Sanjay Malhotra said multiple options remain under discussion, including CBDC connectivity and links between national fast-payment systems. The initiative is still at the discussion stage rather than an operational BRICS-wide network.

• The development points toward a more multipolar financial infrastructure, where countries can connect their own payment rails and digital currencies while continuing to use the existing global financial system.

KEY DEVELOPMENTS

1. BRICS Moves Toward Payment-System Connectivity

BRICS nations are examining ways to connect their domestic fast-payment systems to make cross-border transactions faster and less expensive.

RBI Governor Sanjay Malhotra said cross-border payments are an area of interest for BRICS because there is significant potential to reduce transaction costs.

2. CBDC Linkages Are Now Part of the Discussion

The discussions extend beyond conventional payment networks to include central bank digital currencies.

Malhotra said several options are being considered and that CBDC linkages remain at the discussion stage. This is important because interoperability between CBDCs could eventually allow participating countries to settle certain transactions through directly connected digital financial infrastructure.

3. India Is Continuing to Internationalize the Rupee

India is also continuing efforts to increase the international use of the rupee and promote local currencies in cross-border trade and payments.

That does not mean the dollar is being displaced. Instead, it indicates that major emerging economies are seeking additional settlement options that can operate alongside existing international payment channels.

  4. The Shift Is Toward Infrastructure, Not a New BRICS Currency

The current evidence does not establish that BRICS is launching a common currency or replacing the dollar.

The more significant development is the gradual construction of interoperable payment infrastructure that could give participating nations more flexibility in how cross-border transactions are settled.

5. A Broader Global Payment Architecture Is Emerging

The BRICS discussions are occurring alongside wider international efforts to modernize cross-border payments through tokenization, CBDCs and interconnected payment systems.

The Bank for International Settlements has separately demonstrated through Project Agorá that tokenized central-bank money and commercial-bank deposits can potentially support multi-currency cross-border settlement. Together, these developments suggest that the architecture supporting international finance is becoming increasingly digital and interconnected.

WHY IT MATTERS

The global financial system has historically depended heavily on large correspondent-banking networks, established payment infrastructures and the dollar-based settlement system.

The BRICS initiative does not immediately replace that structure. Its significance is that participating countries are exploring additional channels through which trade and payments can move, potentially reducing dependence on a single set of payment rails over time.

For global markets, the long-term issue is therefore financial infrastructure diversification. If payment systems become increasingly interoperable, countries could have more choices in settling trade, managing liquidity and conducting cross-border transactions.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Greater use of local currencies in cross-border transactions could gradually increase demand for currencies used in BRICS trade.

• Purchasing power: More efficient payment systems could reduce some transaction costs associated with international trade and currency conversion.

• Capital flows: As alternative payment channels develop, capital may move through a broader range of currencies and financial networks.

• Exchange-rate impact: Increased international use of currencies such as the rupee and other BRICS currencies could influence future currency demand, although the scale of any impact remains uncertain.

 IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Trade

Connecting national payment systems and exploring CBDC interoperability could make cross-border trade faster, cheaper and less dependent on traditional settlement channels.

If these systems eventually become operational across multiple countries, they could provide businesses and governments with additional ways to settle international transactions. The result would be a more diversified global trade-payment architecture rather than an immediate replacement of the existing system.

• Pillar 2: Technology

The most important structural development may be the movement toward interoperable digital financial infrastructure.

CBDCs, instant-payment systems and tokenized settlement platforms are moving from theoretical concepts toward real-world testing and policy development. Over time, the countries that successfully connect these systems could influence how international money moves in the next generation of global finance.

CONCLUSION

BRICS is not demonstrating the launch of a replacement currency or the immediate displacement of the U.S. dollar. What is developing is more gradual but potentially more consequential: alternative and interconnected payment infrastructure.

The discussion of linking fast-payment systems and CBDCs shows that major emerging economies are looking beyond individual national payment systems toward greater cross-border interoperability.

If these efforts progress from discussion to implementation, international trade could eventually operate across a wider network of payment channels and currencies.

The global financial system may not be replacing one network overnight—but the architecture of how money moves across borders is clearly being redesigned.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "BRICS nations discuss linking payment systems and CBDCs, RBI chief says"

• Money & Banking Magazine — "RBI President reveals BRICS discussions on cross-border payment and CBDC system connectivity"

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 🌱 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

~~~~~~~~~~

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Thank you Dinar Recaps

Tuesday Iraq News Posted by Tishwash at TNT 8-11-2026

TNT:

Tishwash: Iraqi Parliament to Hold Two Legislative Sessions to Debate Key Bills

The Iraqi Parliament is set to hold two sessions during its current legislative term to consider a series of bills, proposed amendments and parliamentary committee reports.

According to the agenda issued by the parliament's Media Department, seen by PUKMEDIA, the first session will include the first reading of the Bill on Supporting Doctors (No. 36 of 2016) and the Bill on Granting Employees Extended Leave. Lawmakers will also conduct the second reading of the Bill on the Third Amendment to the Iraqi Jurists Union Law (No. 173 of 1969) and the Bill Amending the Lawyers Law (No. 173 of 1965).

The second session will feature the first reading of the Bill on Recovering Proceeds from Corruption, alongside the second reading of the Bill on the First Amendment to the Notaries Public Law (No. 33 of 1998) and the Bill on the First Amendment to the Minors' Welfare Law (No. 78 of 1980). Members of Parliament will also discuss reports submitted by the relevant parliamentary committees.

The two sessions form part of the parliament's ongoing legislative agenda, aimed at advancing the review and approval of a number of bills and completing the parliamentary procedures required for their enactment.  link

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Tishwash:  Global Finance awards an Iraqi bank a global prize in recognition of its performance

The National Bank of Iraq announced on Monday that it had won the “Best Bank in Iraq for 2026” award, granted by the international magazine “Global Finance”, as part of its annual  Best Bank Awards 2026 , which honors the most distinguished banking institutions worldwide.

The bank said in a statement, "This win is a significant milestone in the bank's journey, as it was chosen for the first time as the best bank in Iraq, alongside a select group of the most prominent banking institutions in the Middle East and the world, in an achievement that reflects the growing status the bank has attained and the confidence of local markets and international bodies in its performance and strategy." 

He explained that "the awarding of this prize came in recognition of the development, institutional and digital transformation journey that the bank has pursued over the past years, and its continuous commitment to enhancing the quality of banking services and innovating advanced financial solutions that meet customer needs, in addition to its active contribution to supporting and developing the banking sector in Iraq." 

Commenting on this honor, the Managing Director of the National Bank of Iraq, Ayman Abu Dahim, said, “The bank’s receipt of this award reflects the progress it has made in recent years in developing banking services and enhancing the bank’s digital infrastructure, within a vision aimed at improving customer experience and providing advanced financial solutions that meet market demands.” 

Abu Dahim added, "This achievement is an incentive to continue working to consolidate its position as a leading banking institution in Iraq by expanding the scope of banking services and adopting the latest innovations in the financial sector, which contributes to supporting the development of the banking sector in Iraq and enhancing its role in supporting economic activity." link

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Tishwash:  Al-Zaydi hosts the parliamentary finance committee to discuss financial and economic plans and policies.

Al-Zaydi and the parliamentary finance committee are at the same table... a new budget and a war on corruption. 

Prime Minister Ali Faleh al-Zaidi hosted the chairman and members of the Parliamentary Finance Committee on Monday (August 10, 2026), in the presence of the Minister of Finance and the Governor of the Central Bank of Iraq, to ​​discuss financial and economic plans and policies, and to enhance coordination between the executive and legislative authorities on priority issues.

Al-Zaydi stressed, according to a statement from the Cabinet, a copy of which was received by 964 Network , the importance of the role of the House of Representatives and the Finance Committee in supporting the work of the government and its reform program, noting that the government inherited a “heavy legacy” of files and challenges, and is working to address them according to a clear vision.

He said that the government has begun, for the first time, to prepare a program and performance budget, which represents a roadmap for Iraq's economic future, by linking government spending to goals and results, and improving the efficiency of public money use.

The Prime Minister indicated that the electricity file will receive exceptional attention, calling on MPs to exercise their oversight role in supporting the government’s efforts to combat corruption and dry up its sources, stressing that “there are no red lines in pursuing the corrupt.”

Al-Zaydi explained that the government is working on preparing a state-building strategy based on building a “new economic Iraq,” corruption-free departments, and constitutional security institutions, noting that there is a great desire and interest from international companies to invest in Iraq, in addition to the readiness of international financial institutions to provide economic support.

He stressed the importance of providing a suitable environment to attract investments and revitalize various economic sectors, and directed the preparation of a schedule for hosting and holding periodic meetings with parliamentary committees, to enhance coordination and institutional communication between the government and the House of Representatives.

For his part, the head of the parliamentary finance committee affirmed his absolute support for the government, while members of the committee put forward a number of proposals related to enacting the necessary laws to activate non-oil economic activities, support economic reform and combat corruption.

The committee members also stressed the importance of proceeding with the implementation of oil projects, improving the investment environment and attracting reputable international companies, in order to contribute to driving development, encouraging industry and providing job opportunities.  link

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Tishwash: Changing the uniforms, ranks, and insignia of the Popular Mobilization Forces... Transfers and retirements by lottery and 5 decisions before Baghdad

Informed sources told Network 964 that Prime Minister Ali al-Zaidi's committee for weapons control is engaged in extensive discussions addressing five key issues: changing the Popular Mobilization Forces' uniform and providing them with new clothing, insignia, and ranks to give them a different "visual identity"

Retiring older members of the Popular Mobilization Forces and integrating army officers into their ranks; redefining the security tasks of the Popular Mobilization Forces and their deployment map; and redistributing fighters among brigades and governorates by entering personnel data into a system similar to an electronic lottery, transferring them between new brigades so that the old brigades do not remain in one human mass, and then a real link can be established with the leadership of the armed forces, not with the leadership of the formations that emerged during the war against ISIS.

According to the sources, the head of the Badr Organization, Hadi al-Amiri, who plays a major role in calming tensions between the government and the factions (and who commands more than 20 brigades in the Popular Mobilization Forces), held a meeting with a number of brigade commanders. During the meeting, they discussed developments related to the next phase and the nature of the changes that could affect the work of the formations.

A new visual identity

On another front, the meetings, according to sources, discussed the possibility of formulating a new visual identity for the Popular Mobilization Forces in the next phase, including uniforms, badges, general appearance, and naming, within a framework intended to move from the image of formations that emerged during the war to an official security institution with a clear structure and a single military reference.

Crowd algorithm

A security source said that “one of the most prominent proposals is to redistribute field fighters among brigades and formations, instead of keeping individuals within cohesive human groups that were formed during the years of the war on ISIS, and which still follow well-known political and religious leaders, with the aim of building more integrated formations that are less connected to the previous leadership, while keeping employees and administrators within their career paths according to the needs of the new institution.”

The sources say that “the idea under study is based on entering the data of field fighters into an electronic system, and then conducting a new distribution according to criteria determined by the institution, including the governorates, the numerical need, and the nature of the tasks, which allows for the restructuring of the brigades in a different way from the current map, and at the same time limits the fighters remaining within closed groups linked to one leader or one region.”

She adds that “the discussion is not only about the fighters, but extends to the form of leadership itself, as the inclusion of officers from the military establishment within the structure of the Popular Mobilization Forces was discussed intensively and clearly, and the expansion of the presence of military specialties in the command centers, which may gradually change the nature of brigade management and the mechanisms for issuing orders and deployment.”

According to the sources, “among the proposals is the preparation of a new structure for ranks and leadership positions, and the reassessment of the ages of affiliates, with those who have exceeded the age or the required conditions being referred to retirement according to legal mechanisms, in exchange for opening the way for new generations of officers and affiliates.”  link

Iraq Economic News and Points To Ponder Monday Evening 8-10-26

International Experts Join Iraq Effort To Trace Stolen Funds

2026-08-10 Shafaq News- Baghdad    US and other international experts specializing in tracing stolen or smuggled funds have arrived in Baghdad to support Iraqi efforts to recover public money, an informed source told Shafaq News on Monday, as the government presses ahead with its Dawn Crackdown anti-corruption campaign, launched on June 28.

The international committee, which has been in the capital for several days, began working with Iraq’s anti-corruption team to track funds, particularly dollars, drawing on the experts’ knowledge of financial flows to identify the parties involved and methods used to smuggle public money.

The source expected the coming period to bring arrests of figures he described as “corruption whales,” indicating that the campaign would reach beyond ministers, deputy ministers, and directors-general to other key suspects whose identities would be disclosed later.

Meanwhile, money recovered from some individuals convicted of stealing public funds is undergoing audits and technical procedures to establish its original source before being processed through the state treasury system.

Salam Al-Zubaidi, a senior member of the Al-Nasr (Victory) Coalition, told Shafaq News that Baghdad was cooperating with the team and other international bodies experienced in combating corruption and recovering assets. He added that Iraq was seeking Interpol cooperation to arrest senior suspects who previously held political or government positions, including former ministers.

“No one is exempt from the law, and there is no immunity for the corrupt."

Iraqi authorities detained at least 210 officials, lawmakers, employees, and business figures during the first six weeks of the Dawn Crackdown, according to a Shafaq News review of cases documented between June 28 and August 9.

https://www.shafaq.com/en/Iraq/International-experts-join-Iraq-effort-to-trace-stolen-funds

Global Finance Awards An Iraqi Bank A Global Prize In Recognition Of Its Performance 

Economy News — Baghdad  2026/08/10 -  The National Bank of Iraq announced on Monday that it had won the “Best Bank in Iraq for 2026” award, granted by the international magazine “Global Finance”, as part of its annual Best Bank Awards 2026, which honors the most distinguished banking institutions worldwide.

The bank said in a statement, "This win is a significant milestone in the bank's journey, as it was chosen for the first time as the best bank in Iraq, alongside a select group of the most prominent banking institutions in the Middle East and the world, in an achievement that reflects the growing status the bank has attained and the confidence of local markets and international bodies in its performance and strategy." 

He explained that "the awarding of this prize came in recognition of the development, institutional and digital transformation journey that the bank has pursued over the past years, and its continuous commitment to enhancing the quality of banking services and innovating advanced financial solutions that meet customer needs, in addition to its active contribution to supporting and developing the banking sector in Iraq." 

Commenting on this honor, the Managing Director of the National Bank of Iraq, Ayman Abu Dahim, said, “The bank’s receipt of this award reflects the progress it has made in recent years in developing banking services and enhancing the bank’s digital infrastructure, within a vision aimed at improving customer experience and providing advanced financial solutions that meet market demands.” 

Abu Dahim added, "This achievement is an incentive to continue working to consolidate its position as a leading banking institution in Iraq by expanding the scope of banking services and adopting the latest innovations in the financial sector, which contributes to supporting the development of the banking sector in Iraq and enhancing its role in supporting economic activity."    https://www.economy-news.net/content.php?id=72449

Japan Backs Deeper Investment Ties With Reforming Iraq

2026-08-10   Shafaq News- Baghdad   Japan linked Iraq’s economic growth and improving investment environment to greater security and economic stability, anti-corruption measures and policies aimed at attracting investment, Ambassador Akira Endo stated on Monday.

  Endo made the remarks during a meeting with Prime Minister Ali Al-Zaidi, where he conveyed an official invitation from Japanese Prime Minister Sanae Takaichi for Al-Zaidi to visit Tokyo and deepen bilateral economic and investment cooperation. Al-Zaidi urged Japanese companies to expand their presence in Iraq, particularly in energy, technology and development, while calling for sustainable economic partnerships.

 Iraqi Prime Minister Media Office

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  Prime Minister Ali Faleh Al-Zaidi Receives Official Invitation From Japanese Prime Minister To Visit Tokyo

Prime Minister Ali Faleh Al-Zaidi received today, Monday, an official invitation from Japanese Prime Minister Sanae Takaichi to visit the Japanese capital, Tokyo.

The invitation was conveyed during the Prime Minister’s meeting with the Japanese Ambassador to Iraq, Mr. Akira Endo, who delivered the invitation on behalf of the Japanese government and expressed his country’s commitment to strengthening relations of cooperation and partnership with Iraq.

The Prime Minister expressed his appreciation for the Japanese invitation, emphasizing the importance and depth of Iraqi-Japanese relations and Iraq’s commitment to developing them across various fields, particularly in the economic and investment fields.

The Prime Minister noted that Iraq attaches great importance to building sustainable economic partnerships and expanding joint cooperation in the fields of energy, technology, and development, in a manner that contributes to building a more effective economic model. He also called on Japanese companies to expand their presence and investments across various development sectors in Iraq.

For his part, the Japanese Ambassador expressed his pleasure at conveying his government’s invitation to the Prime Minister to visit Japan, noting that the visit represents an important step toward strengthening bilateral relations and will open broader prospects for cooperation between the two countries, particularly in the economic and investment fields.

The Ambassador noted that Iraq, under its new government, is witnessing economic growth and an improved investment environment, supported by security and economic stability, the government’s anti-corruption measures, and economic policies aimed at promoting development and attracting investment.

Media Office of the Prime Minister August 10, 2026    

Iraqi authorities detained at least 210 officials, lawmakers, employees and business figures during the first six weeks of the Dawn Crackdown anti-corruption campaign, according to a Shafaq News review of confirmed cases between June 28 and August 9. The campaign reached at least ten provinces and several ministries.  

Read more: Corruption arrests in Iraq pass 210 under PM Al-Zaidi  

https://www.shafaq.com/en/Iraq/Japan-backs-deeper-investment-ties-with-reforming-Iraq

Pm Al-Zaidi Discusses Fiscal Reforms With Finance Committee

Mohammed Jangadost2

At a Glance

• Inter-branch coordination prioritized to align executive strategies with parliamentary oversight.

• Performance-based budgeting introduced for the first time to streamline federal expenditure.

• Power sector prioritized alongside an uncompromising anti-corruption drive across state institutions.

• Economic strategy unveiled to build an administrative framework designed to attract global investment.

Prime Minister Ali Faleh al-Zaidi hosted the Chairman and members of the Parliamentary Finance Committee at the Prime Minister's Office, alongside the Minister of Finance and the Governor of the Central Bank of Iraq.

The high-level meeting focused on aligning fiscal policy, executing structural economic reforms, and strengthening institutional coordination between the executive and legislative branches to tackle Iraq's priority development challenges.

Key Statements and Focus Area

• Performance Budgeting: "For the first time, Iraq has initiated the transition toward program and performance budgeting, establishing a strategic roadmap that directly links public expenditure to concrete outcomes and economic efficiency."

• Anti-Corruption Commitment: "There are zero red lines in prosecuting corrupt individuals. Parliamentarians must exercise their constitutional oversight to support government measures aimed at drying up the sources of corruption."

• Economic Vision: "The administration is formulating a state-building strategy centered on creating a new economic model for Iraq, establishing corruption-free public agencies, and strengthening constitutional security institutions."

Executive-Legislative Framework and Fiscal Planning

During the consultation, Prime Minister Al-Zaidi emphasized the critical role of the Council of Representatives and its Finance Committee in advancing government reforms designed to address legacy systemic challenges. Central to the financial agenda is Iraq's historic pivot toward performance-based budgeting, a framework designed to replace traditional line-item spending with outcome-oriented resource allocation.

The Minister of Finance and the Central Bank Governor outlined complementary monetary and fiscal measures aimed at reinforcing market stability and safeguarding public funds.

Priority Sectors, Anti-Corruption, and Foreign Investment

The Prime Minister designated the electricity sector as an area requiring exceptional state focus, committing dedicated administrative resources to overcome infrastructure bottlenecks.

Al-Zaidi further highlighted growing international corporate interest in Iraqi markets, alongside readiness from global financial institutions to support the nation's economic trajectory.

To capitalize on this interest, the administration is actively refining regulatory frameworks to establish an attractive climate for foreign direct investment.

Legislative support and Institutional Coordination

To maintain continuous alignment, Prime Minister Al-Zaidi directed the establishment of a formal schedule for regular joint meetings between executive officials and parliamentary committees.

In response, the Chairman and members of the Parliamentary Finance Committee affirmed their full support for the government's direction.

Lawmakers presented specific legislative proposals to spur non-oil economic sectors, streamline energy projects, and foster job creation through industrial diversification and private sector growth.

FYI

Iraq's fiscal governance has long faced structural hurdles, including heavy reliance on volatile oil revenues and public sector wage burdens.

The implementation of program-based budgeting represents a significant shift toward modernizing public financial management, bringing Iraq closer to international fiscal standards.

Furthermore, institutionalized cooperation between the Prime Minister's office, the Central Bank, and the Finance Committee is vital for securing legislative backing on crucial fiscal bills, improving investment security, and sustaining public infrastructure development amid broader regional economic shifts.   https://channel8.com/english/news/63451

Seeds of Wisdom RV and Economics Updates Monday Evening 8-10-26

Good Evening Dinar Recaps,

Hormuz Reopened Under U.S. Navy Control: Global Energy and Trade Enter a New Phase

Trump’s declaration that the Strait of Hormuz is open under U.S. Navy control could ease global energy fears, but normal commercial traffic still depends on unresolved U.S.–Iran conditions.  

OVERVIEW

• President Donald Trump declared the Strait of Hormuz open under U.S. Navy control, saying American forces have cleared the strategic waterway of mines and achieved full control of the passage.

• The announcement could eventually reduce the energy and shipping risk premium that has pushed oil prices higher, but Iran continues to demand conditions before accepting a full reopening of the strait.

• The development shifts the global financial question from whether Hormuz can be secured to whether commercial shipping can return to normal, with consequences for oil prices, inflation, trade and monetary policy.

KEY DEVELOPMENTS

1. U.S. Navy Declares Control of the Strategic Waterway

President Trump said the U.S. Navy has achieved “100%” control of the Strait of Hormuz and has cleared the waterway of Iranian mines.

The announcement represents a major change in the security environment surrounding one of the world's most important energy chokepoints. The United States is now positioning its naval forces as the primary security authority for commercial traffic through the strait.

2. “Open” Does Not Yet Mean Normal Shipping

The most important distinction is between military control and unrestricted commercial access.

Trump's announcement indicates that approved commercial traffic can move under U.S. protection, but reporting from the region shows that Iran continues to attach conditions to a broader reopening. Iran has said the waterway will not fully reopen until its demands concerning the U.S. blockade, military forces and other issues are addressed.

That means markets still need evidence that major shipping companies, insurers and energy producers consider the route sufficiently safe for normal operations.

3. Energy Markets Could Receive Relief

A sustained reopening would remove a major geopolitical risk premium from global oil markets.

The Strait of Hormuz is a critical route for Gulf energy exports. Greater confidence in safe passage could eventually reduce oil prices and relieve some of the inflation pressure created by months of shipping uncertainty.

However, the market impact will depend on actual tanker traffic, not simply the political declaration.

4. U.S.–Iran Negotiations Enter a New Phase

The announcement comes as Washington and Tehran remain divided over the conditions required for a lasting settlement.

Iran has continued to demand changes to the U.S. military posture and sanctions regime, while the Trump administration is seeking secure and reliable passage through the waterway.

The result is a new negotiating dynamic: the United States has established physical control of the route, while Iran retains significant political leverage over whether commercial normalization becomes durable.

5. The Next Test Is Commercial Normalization

The most important indicators to watch are now practical rather than rhetorical.

• Tanker traffic through Hormuz

• Insurance and shipping costs

• Oil prices

• Statements from Iran and U.S. Central Command

• Whether commercial carriers resume regular schedules

If those indicators improve together, markets could begin treating the crisis as a genuine normalization rather than another temporary opening.

WHY IT MATTERS

The Strait of Hormuz is more than a regional military issue. It is a global financial transmission point.

Energy prices feed directly into inflation, transportation, manufacturing and consumer costs. A sustained reduction in the risk surrounding Hormuz could therefore give central banks greater flexibility and reduce pressure on households and businesses.

For markets, the potential reopening also changes the outlook for oil, bonds, currencies and equities. Lower energy risk could reduce inflation expectations, while renewed shipping activity could begin restoring disrupted global trade flows.

The larger question is whether the United States has moved from managing a geopolitical crisis to establishing a new security framework for one of the world's most important commercial waterways.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Lower energy costs could support currencies of energy-importing countries by reducing pressure on trade balances.

• Purchasing power: Falling fuel and transportation costs could provide relief to consumers if the reopening produces sustained lower energy prices.

• Capital flows: Reduced geopolitical risk could encourage capital to move back toward equities and other risk assets rather than remaining concentrated in traditional safe havens.

• Exchange-rate impact: A sustained decline in oil prices could alter the relative strength of energy-exporting and energy-importing currencies.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Energy

The Energy pillar is directly affected because Hormuz is a critical artery for global energy trade.

If U.S. naval protection produces sustained and reliable commercial passage, the global energy system could begin moving from scarcity and geopolitical risk toward greater predictability.

That would have consequences well beyond oil markets, affecting inflation, transportation costs and industrial production worldwide.

• Pillar 2: Trade

The Trade pillar is also directly affected because the reopening of Hormuz could restore a major component of global maritime commerce.

Reliable passage reduces shipping uncertainty and can lower the risk premiums embedded in freight, insurance and energy contracts.

If normalization continues, the Strait of Hormuz could become an early example of how secure digital and physical infrastructure are increasingly intertwined with the global financial system.

• Pillar 3: Debt

The Debt pillar is indirectly but significantly affected through inflation and interest rates.

Lower energy prices could reduce inflationary pressure, potentially giving central banks more room to lower borrowing costs. That would matter for governments facing elevated refinancing requirements and large debt burdens.

Conversely, renewed disruption could push energy prices higher again and keep monetary policy restrictive for longer.

 CONCLUSION

President Trump's declaration that the Strait of Hormuz is open under U.S. Navy control marks an important turning point in the conflict.

But the next phase will be measured by ships actually moving, insurance costs falling and energy markets stabilizing—not simply by political announcements.

If commercial traffic normalizes, one of the largest geopolitical risk premiums embedded in global markets could begin to unwind. If it does not, the world remains exposed to another round of energy, inflation and financial-market pressure.

The real breakthrough will not be declaring Hormuz open—it will be making the world's commerce believe it is safe to use it again.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Crypto Briefing — "Trump Declares Strait of Hormuz Open Under U.S. Navy Control"

• Reuters — "Hopes for Hormuz Deal Fade as Trump Demands Iranian Reparations"

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