Iraq Economic News and Points To Ponder Thursday Evening 6-11-26

Al-Zaydi Proposes Raising The Dollar Exchange Rate And Selling Government Institutions To Pay Off Debts

Baghdad - Al-Sa'a Network Leaks from a meeting held by the leaders of the Coordination Framework at the home of the leader of the Wisdom Movement, Ammar al-Hakim, in the Jadriya area of Baghdad, revealed a rare political consensus on a broad economic plan presented by Prime Minister Ali al-Zubaidi, aimed at addressing the financial crisis and reducing public debt, but at the same time it raised widespread concerns among economists and academic circles.

According to what was reported by Al-Mada newspaper, the plan, which was approved by the leaders of the framework, includes in its first stage raising the exchange rate of the dollar again as one of the options proposed to reduce the financial deficit and increase government revenues, a step that would directly affect commodity prices and the purchasing power of citizens.

The government's vision also includes addressing the public debt, estimated at about $83 billion, by transferring ownership of a number of struggling productive government institutions or restructuring them within a new economic program. This has raised warnings about the possibility that these measures could turn into selling state assets at prices lower than their real value, and the potential for corruption or mismanagement that may accompany this.

On another front, the plan links the security and economic files, as it speaks of launching a broad campaign to recover looted funds and prosecute senior figures accused of corruption, similar to the "Ritz-Carlton" experience, with the aim of recovering approximately $50 billion of public funds.

The plan also requires strengthening security stability, restricting weapons to the state, and addressing the issue of factions that reject integration and organization programs, considering this a fundamental step to create a suitable environment to attract American and Gulf investments estimated at about $50 billion.

Supporters of the project see it as a radical economic transformation aimed at moving Iraq towards a more open economy and reducing dependence on the state, while opponents warn that some of its provisions may lead to additional living burdens on citizens and open the door to the ill-considered privatization of state assets.

https://alssaa.com/post/show/54014-الزيدي-يطرح-رفع-الدولار-وبيع-مؤسسات-حكومية-لسداد-الديون

Prime Minister's Advisor: Growing International Interest In Iraq's Banking Reform Program

Localities   The Prime Minister's Advisor for Banking Affairs, Saleh Mahoud, affirmed on Wednesday that Iraq is making steady progress towards building a more efficient, open, and integrated financial sector within the global economy. He noted the growing international interest in the country's banking reform program.

In a statement received by Al-Eqtisad News, Mahoud said he participated over the past three days in a working visit to London as part of an Iraqi banking delegation that included representatives from the Central Bank of Iraq, the Association of Iraqi Private Banks, and several other banks and electronic payment companies.

The visit aimed to strengthen international cooperation and support the financial and banking reform process in Iraq.

He added that the visit, organized in coordination with the British Embassy in Iraq, provided a platform for dialogue between Iraqi and British financial and banking institutions, thereby enhancing economic and financial cooperation between the two countries.

He explained that on the first day, the delegation held meetings with Hogan Lovells, a firm specializing in legal consulting on financial and banking legislation, and also participated in a dialogue with Chatham House. He emphasized the government's full support for the banking reform projects led by the Central Bank of Iraq in cooperation with international consulting firms.

He noted that the meetings held at the British Parliament addressed the development of banking and economic cooperation, encouraging British investment in Iraq, and strengthening partnerships between financial institutions in both countries.

Mahoud explained that the visit reflected the level of international interest in Iraq's banking reform program, emphasizing that Iraq continues to implement plans to develop its financial sector in accordance with international standards and to enhance the investment climate and economic growth. https://www.economy-news.net/content.php?id=70085

Iraq Is Moving Towards Balancing Programs With US Support And In Coordination With The World Bank

Money and Business   Economy News – Baghdad     Finance Minister Faleh Sari discussed on Wednesday with the US Chargé d'Affaires to Iraq, Joshua Harris, prospects for economic cooperation between Baghdad and Washington and ways to strengthen the partnership with US financial institutions, while both sides affirmed their support for the path of economic and financial reforms.

The Ministry of Finance said in a statement received by "Al-Eqtisad News" that the minister stressed that the government has given the economic file high priority within its program, noting that the next stage will witness reforms aimed at addressing economic and financial challenges in a radical way, and in cooperation with international partners.

The minister revealed a government trend towards preparing a program budget and gradually moving away from the traditional budget system, with the aim of raising the efficiency of spending and linking financial allocations to goals and results, in line with the requirements of financial and administrative reform.

For his part, the US Chargé d'Affaires affirmed his country's support for the Iraqi government and its readiness to enhance economic and financial cooperation, in a way that contributes to supporting stability and achieving sustainable economic growth in Iraq.

This trend coincides with what the government spokesman, Haider al-Aboudi, announced, that the Council of Ministers approved a directive to proceed with drafting a "program budget" in coordination with the World Bank and the Parliamentary Finance Committee, within the framework of economic reform. https://www.economy-news.net/content.php?id=70077

Al-Marsoumi: The Economic Reform Program Includes Abolishing The Ration Card And Reducing Salaries.

Baghdad - Al-Sa'a Network   Economic expert Nabil Al-Marsoumi revealed that the economic reform program presented by Prime Minister Ali Al-Zidi includes measures such as abolishing government subsidies, the food ration card, and reducing allocations for the social protection network and salaries .

Al-Marsoumi said in a televised interview followed by Al-Sa’a Network, “Governments say that they have reduced inflation, but the market says something else. We live in Iraq and we know the level of commodity prices and how they have risen today, starting from consumer goods to cars and other things, and their rise has increased after the closure of the Strait of Hormuz.

As for talking about an inflation rate of 1% or 2%, it is a theoretical and inaccurate proposition, as the level of inflation has risen significantly, especially after the closure of the strait and the Iraqi citizen was affected by that .”

Al-Marsoumi warned that “reducing the exchange rate of the dinar against the dollar comes at an inappropriate time, in light of the economic recession that Iraq is experiencing, and the near-total shutdown of the private sector and other productive sectors.

Therefore, we should be cautious in taking such decisions, especially since they are not taken by the government alone, but rather in agreement with the political blocs .”

He pointed out that "the options have become limited, but there are difficult options, including selling state assets. Let us remember the Russian experience, as privatizing government assets in the context of corruption may mean wasting public money. In the early 1990s, the privatization of government projects led to significant losses, increased poverty rates, and a decline in living standards ."

He revealed “the existence of loopholes that, in the context of corruption, could lead to government assets being valued at less than their true value. Selling these assets will also face a problem related to the employees working in them, which could lead to an expansion of unemployment, undermine social stability, and create a state of popular discontent .”

He pointed out that "the financial situation will not improve much during the current year, in the absence of a sovereign wealth fund, which may lead to withdrawals from the cash reserve.

According to official figures, the foreign currency reserve decreased by 10 trillion dinars between February and mid-May, compared to an increase in the issuance of money to 113 trillion dinars, an increase of 8 trillion dinars, which makes the options more limited ."

He explained that “selling government assets worth trillions of dollars at symbolic prices is not in the interest of the state or the people, and requires careful study and the adoption of the principle of gradualism in dealing with this issue. Although these measures seem good in theory, they will face many obstacles on the ground .”

He explained that "the economic reform program presented by the Prime Minister includes the elimination of government subsidies on fuel, the liberalization of prices, and possibly the floating of the currency, in addition to reducing government spending and salaries.

It appears that the privatization of government projects is part of this reform package, as well as other measures that include the cancellation of the ration card and the reduction of the social safety net, and other issues that the government may move towards implementing if the current situation continues 

https://alssaa.com/post/show/54057-المرسومي-برنامج-الإصلاح-الاقتصادي-يتضمن-إلغاء-البطاقة-التموينية-وتخفيض-الرواتب

 Al-Mada: Al-Zaydi Insists On Opening Major Corruption Files And Returning Historic Sums To The Treasury For The First Time Since 2003

 Baghdad - One News   6/11/2026   Al-Mada revealed that the government is preparing to launch a broad campaign to combat corruption and recover public funds, expecting that these measures will contribute to returning sums it described as “historic” to Iraq for the first time since 2003. 

The newspaper said that a list is currently being prepared within the framework of the Supreme Council for Integrity and Oversight, which was formed during the tenure of Prime Minister Ali al-Zaidi, that includes figures suspected of involvement in major corruption cases.

 She added that the number of people under surveillance is estimated at about 50, including deputies, ministers, and former and current officials, some of whom reside outside Iraq, while others manage major investment and service projects in Baghdad and the provinces, including the housing, hospitals, entertainment, oil and infrastructure sectors.

The sources indicated that estimates circulating regarding the size of the looted funds range between $150 billion and $250 billion, while some estimates raise the figure to about $350 billion, noting that part of these funds is believed to have been used to finance armed groups. https://1news-iq.net/المدى-الزيدي-مُصر-على-فتح-ملفات-فساد-كب/

Seeds of Wisdom RV and Economics Updates Thursday Evening 6-11-26

Good Evening Dinar Recaps,

U.S. and Iran Move Closer to Deal as Negotiators Finalize Key Details

A potential agreement between Washington and Tehran could ease regional tensions, reopen critical trade routes, and reshape energy and financial markets worldwide.

 Overview

The United States and Iran appear to be closer than at any point in recent months to reaching a formal agreement aimed at reducing hostilities and stabilizing the Middle East. Reports indicate that negotiators have reached a broad political understanding, with discussions now focused on technical details involving sanctions relief, frozen Iranian assets, and security arrangements.

While President Donald Trump has suggested a deal could be signed soon, Iranian officials caution that no final agreement has been approved and several issues remain unresolved.

If completed, the agreement could become one of the most significant geopolitical developments of 2026, with implications for energy markets, trade routes, inflation, and the global financial system.

Key Developments

1. Negotiators Reportedly Reach Political Understanding

Sources familiar with the talks indicate that the United States and Iran have reached a broad political framework for an interim agreement.

Negotiators are now working through technical details involving sanctions, financial assets, and implementation timelines.

2. Frozen Iranian Funds Remain a Major Issue

One of the most important remaining obstacles involves the release of Iranian funds held abroad.

Iran is reportedly seeking immediate access to billions of dollars in frozen oil revenues, while U.S. officials favor a phased release tied to humanitarian and economic conditions.

3. Strait of Hormuz Could Reopen Fully

The proposed framework reportedly includes measures designed to improve shipping access through the Strait of Hormuz.

The waterway is one of the world's most important energy corridors, carrying a significant share of global oil and natural gas shipments.

4. Energy Markets Respond Positively

Oil prices declined after reports emerged that diplomatic progress was being made and planned military actions were postponed.

Markets interpreted the developments as reducing the immediate risk of a broader regional conflict that could disrupt global energy supplies.

5. Nuclear Issues Remain Unresolved

Although negotiators have reportedly made progress on ceasefire and economic issues, Iran's nuclear program remains a central point of disagreement.

Further negotiations are expected if a preliminary agreement is finalized.

Why It Matters

A successful agreement could reduce tensions in one of the world's most strategically important regions while helping stabilize energy markets that have faced months of uncertainty.

The talks also demonstrate how geopolitical conflicts increasingly intersect with economic issues such as sanctions, trade routes, inflation, and financial stability.

Why It Matters to Foreign Currency Holders

• Reduced energy market volatility could ease inflation pressures globally.

• Lower geopolitical risk often influences currency valuations and capital flows.

• Reopening trade routes may improve international commerce and shipping activity.

• Sanctions relief could alter regional trade patterns and financial relationships.

Implications for the Global Reset

• Pillar 1: Energy Security and Global Trade

The Strait of Hormuz remains a critical artery for global commerce. Any agreement that improves shipping security could have far-reaching effects on inflation, supply chains, and economic growth.

• Pillar 2: Financial Realignment Through Diplomacy

Potential sanctions relief and the release of frozen assets highlight how financial tools have become central components of modern geopolitical negotiations.

• Pillar 3: Multipolar Negotiations Continue Expanding

The agreement reflects the growing role of regional and international diplomacy in shaping economic outcomes, energy markets, and global financial stability.

Closing Insight

While significant obstacles remain, the latest developments suggest both Washington and Tehran recognize the economic costs of prolonged conflict. The outcome of these negotiations could influence energy prices, inflation trends, and geopolitical stability well beyond the Middle East.

This is not just a diplomatic negotiation—it is a potential turning point for energy security, international finance, and the evolving global economic order.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — "US, Iran Haggle Over Frozen Funds as They Inch Toward Interim Deal"

• Reuters — "Iran Says No Final Decision Made on Possible US Agreement"

~~~~~~~~~~

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Jon Dowling Breaks Down the Iran Crisis and the Clarity Act’s Global Impact With NVTV

Jon Dowling Breaks Down the Iran Crisis and the Clarity Act’s Global Impact With NVTV

6-10-2026

The landscape of global finance is often subject to speculation, but rarely does it involve such a comprehensive look at the intersection of geopolitics and currency reform as seen in the recent discussion between NickV and Jon Dowling.

In their latest deep dive, the pair explores the anticipated global currency reset, focusing on the strategic moves currently unfolding in the Middle East and beyond. Central to this discussion is the idea that we are witnessing a coordinated transition in the international monetary system, one that could redefine the economic standing of several nations.

A significant portion of the conversation centers on the evolving situations in Iran and Iraq. Jon Dowling suggests that the current instability observed in the Iranian regime may not be incidental but rather part of a structured transition aimed at regional stabilization. This shift is reportedly being mirrored in Iraq, where efforts toward the disarmament of armed proxies and the implementation of rigorous banking reforms are currently underway.

 The goal, according to the discussion, is to integrate Iraq more fully into the global financial system.

This integration is a critical precursor to what many observers believe will be a significant revaluation of the Iraqi dinar, potentially coinciding with symbolic dates such as U.S. Independence Day.

The dialogue extends further into Southeast Asia and Africa, highlighting Vietnam and Zimbabwe as key players in this shifting economic tide. Vietnam is currently experiencing a surge in foreign direct investment (FDI) and aggressive economic reforms, signaling its readiness to take a more prominent role in international markets.

Meanwhile, Zimbabwe is undergoing a political and constitutional transformation. With leaders reportedly backed by modern economic philosophies and a focus on the nation’s substantial gold reserves, there is a growing sense that the Zimbabwean currency is being positioned for a future grounded in tangible assets rather than speculative debt.

Perhaps the most technical aspect of the discussion involves the transition toward a new digital financial infrastructure, often referred to as a quantum financial system. Dowling emphasizes the importance of holding physical currency notes, such as the Iraqi dinar and Vietnamese dong, during this period of change.

The theory posits that as the world moves toward a more transparent, digital ledger-based system, traditional cash currently in circulation will need to be accounted for, creating a unique window of opportunity for those holding these specific currencies.

Ultimately, the takeaway from the conversation is one of patient preparation. Jon Dowling advises viewers to remain mentally resilient and focused, acknowledging that while these global shifts are massive in scale, they do not happen overnight.

 The reset is characterized as a complex, multi-layered process that requires a strategic outlook.

For those interested in the granular details of these geopolitical developments and the potential economic opportunities they present, the full insights provided by Jon Dowling are essential viewing.

https://www.youtube.com/watch?v=qK1MQHdcF0g

https://dinarchronicles.com/2026/06/11/jon-dowling-latest-intel-on-currency-revaluations-and-the-global-reset-june-2026/

Trump Will RESET The US Dollar

Trump Will RESET The US Dollar

Finance Bureau:  6-10-2026

A radical blueprint to reset the US dollar was written in 2024. Then its author took the keys to Trump’s economic playbook.

This video reveals how tariffs, bond restructuring, and a trillion-dollar gold revaluation could drag the dollar lower without warning, directly impacting your savings and prices.

See the specific timeline insiders are watching, the subtle toolkit already in use, and why July 2026 could change global markets.

You’ll never read another 'dollar collapse' headline the same way. Watch now for the details that affect your wallet.

TIMESTAMPS ~

0:00 – Why the White House Wants to Weaken the US Dollar

2:20 – Meet the Architect Behind the Radical Dollar Reset

4:37 – Treasury vs. Fed: The Stealth Plan to Devalue Your Savings

6:35 – The Trillion Dollar Secret: Revaluing US Gold Holdings

 8:51 – Central Banks Ditching US Treasuries for Gold

11:01 – July 4, 2026: A Gold-Backed Bond Countdown?

13:10 – Managing the Reset: Why a Strong Dollar is the Perfect Cover

15:04 – Protecting Your Purchasing Power as the Rules are Rewritten

https://www.youtube.com/watch?v=3clcjK0ZZLw

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 6-11-26

Good Afternoon Dinar Recaps,

Trump Pushes $350 Billion Defense Package as SAVE America Act Gains Momentum

The Trump administration is urging Congress to quickly approve a proposed $350 billion reconciliation package that combines major defense spending with the SAVE America Act, setting up a significant debate over national security, federal spending, and election policy.

 Overview

President Donald Trump has called on congressional Republicans to immediately advance a proposed $350 billion reconciliation package that includes both expanded defense funding and the SAVE America Act.

According to Trump, the legislation is designed to strengthen national security, modernize military capabilities, and secure America's future. Because reconciliation legislation can pass the Senate with a simple majority vote, the proposal could potentially avoid some of the procedural hurdles that often slow major legislation.

The package arrives as geopolitical tensions remain elevated worldwide and as policymakers continue debating the balance between national security investments and long-term fiscal responsibility.

Key Developments

1. Trump Calls for Immediate Passage

President Trump publicly urged Republicans to move the legislation forward without delay, describing the package as critical for national security and future generations. He specifically called for the inclusion of the SAVE America Act within the broader defense spending measure.

2. Defense Spending Receives Major Boost

The proposal includes approximately $350 billion in Pentagon funding, aimed at strengthening military readiness, defense modernization, and strategic capabilities amid growing international competition.

3. SAVE America Act Added to Package

The SAVE America Act has become one of the most closely watched components of the proposal. Supporters argue it strengthens election integrity and national security, while critics contend it could face significant legal and political challenges.

4. Reconciliation Strategy Could Accelerate Passage

Because the package is being structured through the reconciliation process, supporters believe it may require only a simple Senate majority rather than the traditional 60-vote threshold.

5. Fiscal Debate Intensifies

The size of the proposed spending package is likely to fuel ongoing discussions regarding federal deficits, government borrowing, and America's long-term fiscal outlook.

Why It Matters

The proposal highlights the growing connection between national security spending, economic policy, and federal debt management.

Large-scale government spending packages can influence Treasury issuance, interest rates, inflation expectations, and investor confidence. At the same time, increased defense expenditures reflect a broader global trend as nations invest heavily in military preparedness and strategic competition.

Why It Matters to Foreign Currency Holders

Foreign currency holders closely monitor major U.S. spending initiatives because they can affect the strength of the dollar, government borrowing needs, and global capital flows.

As federal debt continues to rise, some nations may accelerate efforts to diversify reserves, increase gold holdings, and expand alternative payment systems outside traditional dollar-based networks. While the U.S. dollar remains the world's primary reserve currency, fiscal sustainability remains an important long-term consideration for global investors.

Implications for the Global Reset

• Pillar 1: Government Spending Continues to Expand

Major powers are increasingly using fiscal policy to fund defense, infrastructure, technology, and strategic industries, accelerating changes within the global economic system.

• Pillar 2: Debt Sustainability Remains a Key Issue

Growing government expenditures continue to raise questions about sovereign debt levels, monetary policy, and future financial restructuring.

• Pillar 3: Geopolitical Competition Is Driving Economic Change

National security priorities are becoming increasingly intertwined with fiscal policy, trade strategy, technology investment, and financial system development.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• The Guardian — "Republicans Split on Following Trump's Demands for Restrictive Voting Bill"

• The Daily Beast — "Trump Urges Republicans to Pass $350 Billion Reconciliation Bill"

~~~~~~~~~~

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Social Security Is Officially Six Years Away From Running Out Of Money

Social Security Is Officially Six Years Away From Running Out Of Money

Notes From the Field By James Hickman (Simon Black / Sovereign Man  June 11, 2026

Every spring, the US government performs one of its rare acts of radical honesty: the Social Security Board of Trustees publishes an annual report stating, in plain language, exactly when the program will run out of money.

It arrives without a press conference and with barely any news coverage — just a few hundred pages of actuarial tables quietly uploaded to a government website.

The 2026 edition came out on Tuesday; it is the 86th annual report. And its headline finding is that Social Security's main retirement trust fund — formally Old-Age and Survivors Insurance, or OASI — is now projected to run out of money in 2032. That's one year earlier than last year's projection.

In other words, the fund that pays benefits to America's retirees is six years away from running dry.

Last year the program collected $1.449 trillion, mostly from payroll taxes, and spent $1.609 trillion.

That $160 billion shortfall was covered by draining the trust fund, whose reserves fell from $2.72 trillion to $2.56 trillion over the course of the year. The program's costs have exceeded its non-interest income every single year since 2010.

And when it runs dry in six years, they estimate that payroll taxes will cover 78% of scheduled benefits. So the tens of millions of retirees who depend on the program would face an automatic 22% benefit cut on day one.

And it deteriorates from there.

Here's the part that really boggles the mind: the solutions are already published. The report itself spells them out — raise the payroll tax from 12.40% to 16.65%, or cut everyone's benefits by 25.2%, or cut benefits 30.3% for future retirees only. Social Security's own actuaries even maintain an entire catalog of scored reform options, with the financial impact of each one calculated for Congress's convenience.

The Trustees practically beg lawmakers to act "sooner rather than later," because every year of delay makes the eventual fix more painful.

And yet there is no serious legislation pending, no emergency commission, not even a hearing on the calendar. The date just keeps creeping closer.

What actually happens when the fund hits zero? It affects far more than retirees.

Option A is that Congress does nothing and retirees absorb a 22% cut on day one. That would be political suicide, which makes it an unlikely outcome.

Option B is that the government borrows the difference — hundreds of billions of dollars per year, on top of roughly $2 trillion annual deficits and a national debt north of $50 trillion by then.

And they'd be borrowing at a time when foreign central banks have already been reducing their Treasury purchases. Coaxing the market into absorbing that much new debt means paying higher yields, and higher Treasury yields ripple into everything: mortgage rates, auto loans, business credit.

Option C is that the Federal Reserve steps in and effectively prints the money. We all saw how that works during the pandemic, when the Fed created roughly $5 trillion out of thin air and the result was 9% inflation.

Then there's the option that may be the most realistic of all: Congress waits until the fund is nearly dead and then rams through a major payroll tax increase. The report prices out procrastination, too — deferring action pushes the required payroll tax to 17.30%, nearly five percentage points above today's rate, carved out of every paycheck in America. And the longer they wait, the bigger that bite gets.

And it doesn’t really matter how young you are, or if you’re not depending on Social Security for retirement.

If retirees take the cut, that 22% reduction in purchasing power for 70 million Americans ripples through the economy.

Or if interest rates increase to coax more borrowing, everyone pays higher interest rates.

Or if the Fed prints, everyone pays through inflation.

Most likely it will be some combination of all three.

Which is exactly why it makes sense to have a Plan B — not a bunker in the woods, just rational steps to ensure your retirement doesn't depend on the US Congress finding its courage.

That can mean maximizing tax-advantaged retirement structures, so that you're building your own income stream instead of relying on a government IOU.

It can mean establishing legal residency in a country where the cost of living is a fraction of what it is in the US, and where even a reduced benefit check funds a comfortable retirement.

And because the most likely "solutions" all point toward higher rates and higher inflation, it means owning real assets — gold, productive businesses, energy — that hold their value when the government reaches for the printing press.

None of this requires predicting exactly which option Washington chooses, because a sensible Plan B works under all of them.

The point is to put it in place now, calmly and on your own terms — so that when 2032 arrives, you're not scrambling in a crisis like Congress.

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

https://www.schiffsovereign.com/trends/social-security-is-officially-six-years-away-from-running-out-of-money-155301/?inf_contact_key=8eef7301aa91fd0884bfbfa54641bbe22fff72da363b354f729db1788063859c

Complete Currency Collapse,’ Hyperinflation in 3 Years? Alasdair Macleod & Michelle Makori

Complete Currency Collapse,’ Hyperinflation in 3 Years? Alasdair Macleod & Michelle Makori

Miles Franklin Media:  6-10-2026

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, sits down with economist, monetary historian, and precious metals expert Alasdair Macleod to discuss what he believes could be the biggest threats facing the global financial system.

Macleod explains why he believes the world is approaching a critical turning point for fiat currencies, how years of debt accumulation and monetary expansion have weakened confidence in the global monetary system, and why the next few years could bring significant economic and social disruption.

The conversation also explores the implications of a potential Fort Knox audit, why China and Russia may be in a stronger position than many investors realize, the outlook for gold and silver, central bank gold accumulation, and the future of the U.S. dollar as the world’s reserve currency.

Alasdair warns that if confidence in government finances and fiat currencies continues to deteriorate, the consequences could extend far beyond financial markets, impacting living standards, food security, and geopolitical stability.

In this episode of The Real Story with Michelle MakorI:

• Fort Knox audit implications
  

• Gold reserves and transparency
  

• China and Russia’s gold strategy
  

• The future of the U.S. dollar
  

• Global debt and monetary instability
  

• Currency debasement
  

• Hyperinflation risks
  

• Central bank gold buying
  

• Silver supply dynamics
  

• The outlook for gold and silver
  

• What the next decade could look like
  

WATCH PART 1 OF THE INTERVIEW HERE:  https://www.youtube.com/watch?v=kEtKhzEFdwA&t=1s

https://www.youtube.com/watch?v=FUy7t4L0sRY

Jon Dowling: The Clarity Act Update, Future of Crypto Financials for Wealth Transfer with Zester, June 2026

Jon Dowling: The Clarity Act Update, Future of Crypto Financials for Wealth Transfer with Zester, June 2026

6-11-2026

In a recent episode of his insightful podcast, host Jon sat down with market expert Mr. Young Zester to unpack the complexities of the current financial landscape.

The discussion highlighed the intersection of cryptocurrency, traditional markets, and the shifting geopolitical tides that are currently shaping global economics.

 As the world grapples with inflation and fluctuating interest rates, the duo provided a timely analysis of how these macroeconomic factors—coupled with ongoing international tensions—are influencing investor sentiment and market volatility.

A significant portion of the conversation focused on the anticipated “Crypto Clarity Act” and its potential to reshape the regulatory environment.

 Mr. Zester offered a deep dive into the historical four-year Bitcoin market cycle, suggesting that while the market is currently navigating a “bust” phase, there is a strategic path toward a recovery peak projected for 2029. This perspective encourages a long-term view of digital assets, moving away from short-term speculation toward a more structured understanding of market rhythms.

The podcast also delved into the political maneuvers often seen during election cycles. With the midterms approaching, the speakers discussed potential short-term strategies aimed at stabilizing oil prices and the broader economy. Beyond domestic policy, they analyzed a significant shift in U.S. foreign policy, noting a transition toward hemispheric defense. This trend suggests a strategic pivot that could have lasting implications for global trade and military resource allocation.

Parallel to the discussion on digital assets was a cautionary analysis of the traditional stock and housing markets.

Jon and Mr. Zester observed that these sectors currently exhibit signs of fragility, suggesting that a major correction could be on the horizon.

Despite these warnings, the episode highlighted a silver lining: the sustained interest from institutional investors in both cryptocurrency and precious metals. This institutional backing hints at a foundational “reset” occurring within financial and constitutional arenas, signaling a move toward greater transparency and modernization.

Ultimately, the episode serves as a guide for retail investors to remain vigilant and informed. While the path ahead is filled with uncertainty, the experts emphasize that periods of transition often present the most significant opportunities for those who are prepared. To get the full breakdown of these market trends and hear the detailed analysis from Mr. Young Zester, be sure to watch the full video from Jon Dowling on YouTube.

https://www.youtube.com/watch?v=9G6NO3wOktE

https://dinarchronicles.com/2026/06/11/jon-dowling-the-clarity-act-update-future-of-crypto-financials-for-wealth-transfer-june-2026/

News, Rumors and Opinions Thursday 6-11-2026

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 Thurs. 11 June 2026

Compiled Thurs. 11 June 2026 12:01 am EST by Judy Byington

Wed. 10 June 2026 The moment we’ve been preparing for is almost here. Over the next 24 to 48 hours, the final activation steps are expected to move into position. Official notifications could appear at any time, signaling the beginning of the new financial era that has been quietly building behind the scenes. …Ten Days of Darkness on Telegram

Global Activation: The reset is now (allegedly) approaching its live phase. Central banks and financial authorities across multiple regions are aligning for a synchronized confirmation of the transition. Once the switch is acknowledged, the new quantum-secured monetary system will (allegedly) begin operating openly.

Wallet Access: Clear instructions will follow on how to access the QFS wallet. I’ll (allegedly) be among the first to log in and view the updated digital assets. The rollout may involve encrypted app updates or secure system alerts, but the process is expected to be simple due to the extensive preparation already completed.

Financial Reset: New currency values will (allegedly) appear directly inside the wallet interface. Adjustments to debts, balances, or legacy accounts may follow automatically. Every update will be logged through the quantum ledger, ensuring complete transparency and verifiable records of each transaction.

Smooth Transition: All prior trials have been successful. Recent test operations included a fully offline quantum-safe transfer that executed without errors. With the infrastructure stable and support teams positioned, the transition is expected to unfold cleanly and without significant disruption.

Everything is aligned. The framework is ready. Keep your notifications enabled, we are(allegedly)  only hours away from a historic shift in global finance.

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Global Currency Reset:

Wed. 10 June 2026 MarkZ: Received news from several Bond Holders that they are being paid. Evening News with MarkZ. 06/10/2026

Tues. 9 June 2026 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865:

Today Tues. 9 June 2026 two different sources said if we aren’t notified by Thurs, then we would be notified Saturday. A Redemption Center Leader said if it doesn’t go by Thurs 12 June, then it would go over the weekend between Fri to Monday. Redemption Center Leaders in Canada needed to get back to Canada by today Tues. 9 June 2026. One window was that the EBS would be between 24 June to 4 July where Nesara should be announced: debt forgiveness, credit cards wiped out, etc. Another window was that the EBS would start this weekend between Fri to Monday.

Judy Note:No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines indicate it to be by the end of this week. We have been told that Wells Fargo, which is (allegedly) controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will (allegedly) send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only(allegedly)  redeem Zim at a RC, the Dinar Contract Rate can only(allegedly)  be given at a RC and banks will (allegedly) offer you lower exchange rates than what you can obtain at a RC. You can only (allegedly) set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different role in the Global Financial System.

Red full post here:  https://dinarchronicles.com/2026/06/11/restored-republic-via-a-gcr-update-as-of-june-11-2026/

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

Reset Intelligence   A currency locked out of world banking moves on paperwork before it moves on price.  Correspondent banks give the dinar reach. Exports give it income. Clean books give it credibility. A seated cabinet gives it law.  Three of the four moved this week.

Frank26 The security and stability is going to be bringing forth the sitting of the government with all of it's stuffing, mainly the HCL and many other laws that are going to be so important...It's looking very very good. 

 Jeff   The last 8 or 9 cabinet positions, they're going to just put them in when they're magically ready.  You know when they're going to be ready?  Right before the rate changes. Why?  Because the full completion of the government is the lynch pin to the timing of the rate change...When you see them finish the cabinet and the government formation, you're very close to the timing of the rate change...When they're ready it'll be a slam dunk completion. 

Mnt Goat ...we may see the HCL (or also called the Oil and Gas Law)... on the near horizon as it will soon be taken up in parliament when the next session starts. It is of a high priority and we are told it will be one of the first pieces of legislature taken up...WOW!...the HCL and the Factions are the two biggies and we thought would take the longest...I keep telling you that things can change suddenly as we only get part of the news. The actual reality is normally much farther ahead of the news we get...Folks, we are almost there. WOW! 

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Iraqi Dinar Update: Iraqi PM to Visit America to Discuss the Future of Iraq

Edu Matrix:  6-10-2026

Iraqi Dinar Update: Iraqi PM to Visit America to Discuss Investments - al-Zaidi heading to Washington, D.C. to discuss investments, oil, militants, and the future of Iraq.

https://www.youtube.com/watch?v=3DyLqHTC2xQ

Iraq Economic News and Points To Ponder Thursday Morning 6-11-26

Iraq Tops The List Of Importers Of Amman's Industrial Exports During The Last 5 Months

Money and Business   Economy News – Baghdad   Iraq topped the list of Arab and foreign countries that received the most exports from the Amman Chamber of Industry during the first five months of this year, after the value of Jordanian exports to it increased by 6 percent to reach 404 million dinars, compared to 381 million dinars for the same period in 2025.

Data issued by the Amman Chamber of Industry showed that its total exports during the first five months of 2026 increased by 5.1 percent to reach 2.996 billion dinars, compared to 2.849 billion dinars during the same period last year, indicating the continued ability of Jordanian industry to adapt to regional challenges and expand its export markets.

According to the statistical report, Iraq was the top destination for Amman's industrial exports, ahead of India, whose exports remained stable at 394 million dinars, and the United States, whose exports declined by 28.5 percent to 362 million dinars, while exports to Saudi Arabia decreased by 3 percent to 342 million dinars.

Jordanian exports to Syria also recorded growth of 52.2 percent to reach 173 million dinars, and to Palestine by 29.5 percent to reach about 89 million dinars.

In terms of geographical distribution, Arab countries accounted for the largest share of Amman's industrial exports, with a value of 1.515 billion dinars, followed by non-Arab Asian countries with about 671 million dinars, and then North American countries with a value of 387 million dinars. https://www.economy-news.net/content.php?id=70117

Egypt Pays Off All Its Debts To Oil Companies For The First Time Since 2011

Money and Business   The Egyptian government announced that it has paid all outstanding dues to foreign oil companies, which peaked at more than $6 billion in the 2011-2012 fiscal year.

Resolving the issue of outstanding payments, which has been one of the most significant challenges facing the sector in recent years, opens a new phase for increasing production and attracting investments, according to Egyptian Petroleum Minister Karim Badawi.

The decision is expected to encourage oil companies operating in the country to enhance development activities and research and exploration work during the coming period, in support of the state’s plan to return to exporting natural gas by 2027, after it became a net importer during the recent period.

Since 2014, the government has implemented a phased plan to reduce these arrears, aiming to restore investor confidence and encourage international oil companies to increase investments and new exploration. Debt has gradually declined over the following years.

There are 57 companies operating in Egypt in the field of research, exploration and production, including 8 of the world’s largest companies, 6 specialized Egyptian companies, and more than 12 international companies operating in the field of petroleum and technological services.

The Egyptian Ministry of Petroleum, in cooperation with foreign partners, is seeking to accelerate the pace of connecting new wells in order to maintain the country’s production levels at 4 billion cubic feet per day, thus limiting the impact of the natural decline in field production, which is estimated at about 100 million cubic feet per month.

At the same time, Cairo aims to raise its domestic gas production to about 6.6 billion cubic feet per day by 2030, representing an increase of nearly 65% ​​over the current rate, in addition to drilling 14 exploratory wells in the Mediterranean Sea during the current year to assess reserves estimated at about 12 trillion cubic feet.

This coincides with an acceleration of exploration and production activities in Egypt by international energy companies, including Chevron, which has begun drilling new wells in the western Mediterranean.

The Egyptian government recently offered incentives to foreign companies, including allowing them to export a portion of their new production to use the proceeds to settle outstanding payments, as well as improving contract prices for newly produced gas.

The minister added that Egypt possesses exceptional assets that make it one of the most important investment destinations in the energy sector in the region, given its distinguished geographical location and advanced infrastructure. He pointed out that the past period witnessed a strong return of investment momentum, as partners resumed implementing drilling, exploration and development programs at an accelerated pace, which has already been reflected in increasing the volume of ongoing petroleum activities and raising investment rates in various concession areas. https://www.economy-news.net/content.php?id=70083

Iraq Begins Exporting Fish To Global Markets

Localities   Economy News – Baghdad   Agriculture Minister Abdul Rahim Al-Shammari announced on Thursday the launch of fish exports to global markets, for the first time in Iraq.

Al-Shammari said in a statement to "Economy News" that this step represents "an important achievement for the reputation of Iraq and Iraqi fish and products, which are known for their quality."

He pointed out that this step represents "the beginning of achievements and work that the ministry is currently undertaking in order to advance the agricultural sector, sustain the agricultural process, overcome obstacles, achieve appropriate economic feasibility for fish farmers, and support the national economy in the country."

https://www.economy-news.net/content.php?id=70116

Trade: Retail Markets Did Not Adhere To The Set Price Of A Tray Of Eggs Between 6000 And 6500 Dinars.

Localities    Economy News – Baghdad   The Ministry of Commerce confirmed that retail markets did not adhere to the price set for a tray of eggs between 6,000 and 6,500 dinars.

Riyadh Mahdi Al-Mousawi, Director General of Commercial and Financial Control at the Ministry, stated in a statement to the official newspaper that the field teams affiliated with the department are working to monitor local markets and track the reasons for the rise in prices of some basic materials, with the aim of addressing them and ensuring their stability.

Al-Moussawi explained that monitoring teams tracked table egg prices last month, based on instructions from the Ministerial Council for the Economy. They found that the price of a carton had reached 80,000 dinars, meaning that the price of a single tray ranged between 7,500 and 8,500 dinars.

He added that the official directive stipulates a price between 6,000 and 6,500 dinars only, noting that some wholesale markets complied with the price reduction, while retail markets did not.

He confirmed that the ministry launched the new campaign today in Baghdad and all governorates (except the Kurdistan Region), and it includes wholesale and retail markets and small and large shops, to monitor current prices and take the necessary measures to reduce them, considering any increase to be a clear violation of the instructions.

Al-Moussawi indicated that the ministry's role is to address any monopolies or deliberate price hikes in essential commodities, emphasizing that most prices are under control and there have been no significant increases for consumers.

He stressed that resolving this issue requires the intervention of relevant sectoral bodies and a decisive decision from the Ministerial Council for the Economy to set fixed prices for essential commodities, while monitoring teams continue to track market activity to achieve a balance between protecting domestic products and stabilizing prices for consumers.

https://www.economy-news.net/content.php?id=70114

13 Indian-Flagged Ships Are Stuck In The Strait Of Hormuz

Arabic and international    Economy News - Follow-up   The Indian Ministry of Ports and Shipping said that 13 Indian-flagged vessels are stuck in the Strait of Hormuz.

The ministry added on Thursday that there are more than 18,000 Indian sailors in the Gulf region.

The Indian Ministry of External Affairs stated that three Indian ships were attacked by the US Navy, adding: "Two of the ships are under sanctions and the third is among the non-compliant ships," according to Reuters.

Ship tracking data released by the London Stock Exchange Group and Kpler showed that three more liquefied natural gas tankers left the Strait of Hormuz with their transponders switched off and are currently heading to destinations in Asia, but the exact timing of their crossing of the waterway is unclear.

This comes as the United States and Iran exchanged airstrikes on Thursday for the second day in a row, with US President Donald Trump vowing to launch more strikes on Iran unless it agrees to a peace deal, and Washington announcing that it had fired on a ship carrying Iranian oil.

The data revealed that the two tankers, Libretha and Rasheeda, belonging to Qatar Energy, were last seen west of the strait on June 1 and April 30 respectively, carrying cargoes loaded at Ras Laffan, and then reappeared in ship tracking data on June 10.

The Libretha, which was loaded on May 22, is heading to Pakistan, while the Rasheeda, which has been carrying a cargo since February 27, is currently approaching Southeast Asia. A third LNG carrier, the Marigold, operated by Abu Dhabi National Oil Company (ADNOC), also appeared in ship tracking data on June 10.

The Marigold was last seen with a heavy cargo on board east of the strait on May 1st before reappearing after loading a cargo from Das Island on May 25th. Data indicates that it is heading to India.

Twelve liquefied natural gas tankers, including the three newest ones, have left the Strait of Hormuz since the war began on February 28. https://www.economy-news.net/content.php?id=70118

Iran: The Strait Of Hormuz Will Remain Closed Until Further Notice.

Arabic and international   Economy News - Follow-up   Iran’s “Strait of Hormuz Authority” announced the closure of the Strait of Hormuz until further notice.

Iran's Strait of Hormuz Authority urged ships with transit permits to be patient as the strait remains closed until further notice.

Iran's Revolutionary Guard had announced the closure of the strait to shipping traffic on Thursday, while the US Central Command denied that Tehran had closed the strait.

The United States warned ships against dealing with the Iranian entity and placed it on a sanctions list.

إيران: سيبقى مضيق هرمز مغلقاً حتى إشعار آخر

Seeds of Wisdom RV and Economics Updates Thursday Morning 6-11-26

Good Morning Dinar Recaps,

EU Targets Russian Banks as Moscow Signals Financial Resilience

Despite a new round of proposed European sanctions, Russia says its banking sector remains profitable and stable, highlighting the growing battle between Western financial pressure and emerging alternative economic systems.

Overview

The European Union has unveiled another package of proposed sanctions aimed at Russian banks and cryptocurrency-related financial networks as part of its ongoing effort to increase economic pressure on Moscow over the conflict in Ukraine.

The Kremlin responded dismissively to the announcement, arguing that Russia's financial institutions have adapted to years of sanctions and continue to generate substantial profits. Kremlin spokesman Dmitry Peskov stated that Russia's largest banks remain stable and that the country's financial authorities continue to monitor economic conditions closely.

The development underscores the continuing struggle between Western sanctions regimes and Russia's efforts to build alternative financial channels outside the traditional Western-dominated banking system.

Key Developments

1. European Union Expands Financial Pressure

The EU's latest sanctions proposal targets additional Russian banking institutions as well as cryptocurrency networks that European officials believe may help facilitate financial transactions outside traditional sanctions frameworks.

European leaders continue to argue that restricting financial access remains one of the most effective tools available to pressure Moscow economically.

2. Kremlin Rejects Concerns Over Banking Stability

Russian officials dismissed the impact of the proposed sanctions, emphasizing that the country's banking sector has operated under restrictions for several years.

According to Kremlin representatives, major Russian banks remain profitable and continue functioning despite ongoing limitations imposed by Western nations.

3. Russian Economy Shows Signs of Strain

While Moscow projects confidence, economic challenges remain visible.

Russia's approximately $3 trillion economy contracted by 0.3% during the first quarter, marking its first quarterly decline since early 2023. Analysts point to the combined effects of sanctions, elevated interest rates, labor shortages, and significant military-related spending.

4. Alternative Financial Networks Continue Expanding

The continued focus on Russian cryptocurrency networks reflects broader concerns among Western policymakers regarding alternative payment systems emerging outside traditional banking channels.

Russia has increasingly promoted trade settlements using local currencies, alternative payment mechanisms, and partnerships with countries seeking to reduce dependence on Western financial infrastructure.

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Why It Matters

The sanctions debate extends far beyond Russia and Europe.

Global financial systems are undergoing significant transformation as countries increasingly explore alternatives to traditional Western banking networks. Efforts to develop independent payment systems, local-currency trade arrangements, digital assets, and regional financial alliances have accelerated since sanctions against Russia intensified.

The effectiveness of sanctions will likely influence how other nations evaluate the risks of relying heavily on existing global financial infrastructure.

Why It Matters to Foreign Currency Holders

For those following global monetary developments, the continued sanctions battle highlights the growing fragmentation of international finance.

Many countries are exploring ways to reduce exposure to geopolitical risks by diversifying reserves, increasing local currency trade, and participating in alternative payment systems. These developments could gradually reshape portions of the international monetary landscape over the coming decade.

The trend does not necessarily signal the end of the current system but rather the emergence of competing financial frameworks operating alongside traditional institutions.

Implications for the Global Reset

• Pillar 1: Financial System Fragmentation

The continued sanctions campaign demonstrates how geopolitical conflicts are accelerating the development of parallel financial networks outside traditional Western banking structures.

As countries seek greater economic sovereignty, alternative payment mechanisms and settlement systems continue to gain attention.

• Pillar 2: Expansion of Non-Dollar Trade Channels

Russia and several of its trading partners have increasingly emphasized settlements using national currencies and alternative financial platforms.

While the U.S. dollar remains dominant globally, efforts to diversify international payment channels continue to expand, contributing to the broader evolution of the global financial system.

What Comes Next

The European Union is expected to continue tightening financial restrictions while monitoring enforcement efforts across banking and digital asset sectors.

Russia will likely accelerate efforts to strengthen domestic financial infrastructure and deepen economic relationships with non-Western partners.

The longer this financial standoff continues, the more attention will focus on whether alternative payment systems and regional financial alliances can meaningfully reduce dependence on traditional Western-controlled financial networks.

This is not simply a sanctions story—it is another chapter in the ongoing restructuring of the global financial landscape.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "Kremlin Dismisses New EU Sanctions on Russian Banks"

• Reuters — "EU Considers New Banking Sanctions as Russia Defends Financial Stability"

~~~~~~~~~~

🌱 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

Thursday AM Iraq News Posted by Tishwash at TNT 6-11-2026

TNT:

Tishwash:  An economist calls on Al-Zaidi to bring specialized ministers to Washington to prevent businessmen from taking "commissions".

Economic expert Hashim al-Haboubi criticized on Wednesday Prime Minister Ali al-Zaidi's intention to take groups of businessmen and investors with him on his upcoming visit to Washington, D.C., describing the move as "unfortunate" and a repetition of previous scenarios.

Al-Haboubi told the Information Agency, "Prime Minister Ali al-Zaidi's announcement of his intention to take businessmen and investors to Washington, similar to what al-Sudani did previously, is not at all in the public interest." He pointed out that "these individuals will not invest in America, but rather seek to act as intermediaries between the government and American companies to obtain commissions."

He added, "Preserving public funds requires taking ministers specializing in the financial and economic sectors, along with a very limited number of advisors. This is the correct approach to ensure that contracts and economic activities are concluded directly between the state and companies without any intermediaries, thus avoiding suspicions of corruption."  link

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Tishwash:  Prime Minister's Advisor: Growing International Interest in Iraq's Banking Reform Program

The Prime Minister's Advisor for Banking Affairs, Saleh Mahoud, affirmed on Wednesday that Iraq is making steady progress towards building a more efficient, open, and integrated financial sector within the global economy. He noted the growing international interest in the country's banking reform program.

In a statement received by Al-Eqtisad News, Mahoud said he participated over the past three days in a working visit to London as part of an Iraqi banking delegation that included representatives from the Central Bank of Iraq, the Association of Iraqi Private Banks, and several other banks and electronic payment companies. The visit aimed to strengthen international cooperation and support the financial and banking reform process in Iraq.

He added that the visit, organized in coordination with the British Embassy in Iraq, provided a platform for dialogue between Iraqi and British financial and banking institutions, thereby enhancing economic and financial cooperation between the two countries.

He explained that on the first day, the delegation held meetings with Hogan Lovells, a firm specializing in legal consulting on financial and banking legislation, and also participated in a dialogue with Chatham House. He emphasized the government's full support for the banking reform projects led by the Central Bank of Iraq in cooperation with international consulting firms.

He noted that the meetings held at the British Parliament addressed the development of banking and economic cooperation, encouraging British investment in Iraq, and strengthening partnerships between financial institutions in both countries.

Mahoud explained that the visit reflected the level of international interest in Iraq's banking reform program, emphasizing that Iraq continues to implement plans to develop its financial sector in accordance with international standards and to enhance the investment climate and economic growth.  link

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Tishwash:  Faihan and Al-Amiri agree to hold a parliamentary session to complete the government cabinet.

The Iraqi Deputy Speaker of Parliament, Adnan Faihan, and the Secretary-General of the Badr Organization, Hadi al-Amiri, agreed on the necessity of holding a parliamentary session soon to complete the vote on the cabinet of Prime Minister al-Zaidi's government.

A statement from the Deputy Speaker's media office, received by the Information Agency, indicated that "Faihan and al-Amiri emphasized the importance of Parliament's role in keeping pace with current changes and contributing to shaping national policies and priorities for the next phase."

The statement added that "the two sides agreed to expedite a session to complete the cabinet and vote on the remaining ministerial positions, thus ensuring the completion of the government formation and strengthening the performance of constitutional institutions."

It further explained that "both parties stressed that the current challenges necessitate enhanced coordination and consultation among national forces and a unified stance on critical issues, in order to safeguard Iraq's higher interests, bolster its political stability, and preserve its national achievements. They emphasized the importance of supporting the legislative and oversight role of Parliament to contribute to realizing the aspirations of citizens for a strong, stable state capable of confronting challenges."  link

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Tishwash:  The Prime Minister receives an invitation from Putin to participate in the eighth meeting of the Gas Exporting Countries Forum in Moscow.

Prime Minister Ali Faleh al-Zaidi received an invitation on Wednesday from Russian President Vladimir Putin to participate in the eighth meeting of the Gas Exporting Countries Forum (GECF) in Moscow.

The Prime Minister's Media Office stated in a press release received by the Iraqi News Agency (INA) that "Prime Minister Ali Faleh al-Zaidi received the Ambassador of the Russian Federation to Iraq, Albrus Kutrashev."

According to the statement, the Ambassador delivered two written congratulatory messages from Russian President Vladimir Putin and Russian Prime Minister Mikhail Mishustin during the meeting. In these messages, they emphasized the importance of bilateral relations, which are based on friendship and mutual respect, and expressed their aspiration to strengthen and develop joint cooperation in a way that serves the interests of both friendly nations and contributes to ensuring regional and international stability and security.

The statement added that "the Prime Minister received an invitation from the Russian President to participate in the eighth meeting of heads of state and government of the Gas Exporting Countries Forum, which will be held in Moscow on October 27."  link

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Tishwash:  Al-Marsoumi reveals the conditions set by foreign companies for resuming oil production in Kurdistan.

Economic expert Nabil al-Marsoumi explained on Wednesday that foreign companies operating in the oil sector have set a number of conditions before resuming production and exports in the Kurdistan Region.

Al-Marsoumi stated in a Facebook post that "these conditions include, firstly, the necessity of protecting oil fields and wells from drone and missile attacks to ensure the safety of facilities, workers, and foreign technical staff."

He added that "the second condition is the establishment of a clear and regular mechanism to guarantee the payment of current financial dues upon the resumption of exports, in accordance with the amendments to the federal budget law."

He pointed out that "the third condition pertains to the necessity of settling outstanding debts and previous dues owed by the companies, including those owed to the Norwegian oil company DNO, which previously announced the cessation of production and exports via pipelines in the region due to delayed payments estimated at approximately one billion dollars."

Al-Marsoumi emphasized that "resolving these issues is essential for the normal resumption of oil activity in the region."   link

Iraq Economic News and Points To Ponder Wednesday Afternoon 6-10-26

Government Advisor: Exchange Rate Stability Has Boosted Citizens' Purchasing Power

{Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed on Saturday that the government, headed by Ali Falih al-Zaidi, has taken measures to preserve the purchasing power of the dinar and curb inflation. 

Saleh said in a press statement followed by Al-Furat News: “The policy of stabilizing the official exchange rate is based on a fundamental goal, which is to protect the external value of the national currency and maintain the stability of the general price level,” noting that “the stability of the exchange rate has contributed to strengthening confidence in the Iraqi dinar and supporting the purchasing power of citizens.”

Saleh added that “the relationship between the stability of the exchange rate and the stability of prices of goods and services in the local market has remained close, given the limited impact of the parallel market on the pricing system and the effectiveness of monetary policy,” explaining that “financing imports through the official banking system and relying on the state’s foreign reserves has contributed to providing imported goods at stable and controlled prices.”

He added that “government policies to maintain stable prices for goods and public services, along with the expansion of modern commercial distribution patterns, particularly cooperative stores and advanced marketing formulas, have strengthened competition and contributed to reducing inflationary pressures and supporting price stability.”

Saleh explained that "among the most prominent factors that put pressure on the value of the national currency are the decline in official reserves, uncontrolled monetary expansion, and excessive reliance on oil revenues, which are currently subject to geopolitical restrictions imposed on the freedom of energy markets, as well as political and regional tensions and their effects on foreign exchange flows and economic confidence."

He stressed that “raising the value of the Iraqi dinar is not achieved through quick administrative decisions, but rather through a long-term reform process based on the stability of monetary and financial policies, diversification of national income sources, and strengthening confidence in the local currency,” noting that “the stability of the dinar remains a direct reflection of the stability of the macroeconomy and its ability to cope with local and international changes, which is what the government is working on through a package of measures to strengthen the value of the Iraqi dinar, including working to strengthen foreign reserves, diversifying the national economy and reducing dependence on oil, achieving stability in the balance of payments, as well as controlling the parallel market, reforming the banking system, expanding the use of electronic payment tools and promoting financial inclusion.”  https://alforatnews.iq/news/مستشار-حكومي-استقرار-سعر-الصرف-عزز-القوة-الشرائية-للمواطنين

International Monetary Fund: Iraq Among The Countries Most Vulnerable To Financial Pressures With Rising Debt In 2026

2026-06-06 Shafaq News – Baghdad   A report issued by the International Monetary Fund showed that Iraq faces increasing financial pressures during 2026, due to the rising cost of government energy subsidies, increasing public debt, and rising borrowing costs in international markets.

According to the report, which was reviewed by Shafaq News Agency, Iraq is estimated to be among the countries with high levels of energy subsidies, with the cost of subsidies reaching less than 6% of GDP, making the general budget more vulnerable to fluctuations in oil and gas prices, and increasing pressure on public finances if global energy prices continue to rise.

The IMF noted that Iraq is among a group of economies that have seen a significant increase in public debt compared to before the COVID-19 pandemic, as debt levels rose significantly in 2026 compared to 2019, within a regional trend that includes a number of countries with high fiscal deficits.

According to the report, this development coincides with rising sovereign borrowing costs in the region, increasing financing pressures on countries with large financial needs, including Iraq, in a global environment characterized by high interest rates and tighter financing conditions.

The Fund stressed that the continuation of these pressures poses challenges to fiscal policies in Iraq, especially with regard to the need to control spending, redirect subsidies, and enhance fiscal sustainability within medium-term frameworks, while maintaining the ability to finance basic services in light of the fragile regional economic environment. 

https://www.shafaq.com/ar/اقتصـاد/النقد-الدولي-العراق-ضمن-الدول-ال-كثر-تعرضا-لضغوط-مالية-مع-ارتفاع-الدين-في-2026

A Member Of Parliament Warns Of The "Erosion" Of Iraq's Cash Reserves Due To Operational Expenses.

{Economic: Al-Furat News} Kurdish MP Jamal Kojar warned on Tuesday of the "erosion" of Iraq's cash reserves due to the country's monthly operating expenses.

Kujer told Al-Furat News Agency, “The talk about concerns about the erosion of the cash reserve is due to the existence of facts that confirm the country’s need for at least 8 trillion dinars per month to cover operating expenses.”

He added, "The financial resources are less than this amount, so we will definitely need to borrow, whether internally or externally, and these concerns are realistic under the current circumstances."

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed in a press statement today that “about 40 million Iraqis depend directly or indirectly on government income,” stressing that any external borrowing should be “smart debt” for productive projects, not for consumption.

He added, "Corruption and kickbacks raise the cost of projects in Iraq by up to 45%."
https://alforatnews.iq/news/برلماني-يحذر-من-تآكل-الإحتياطي-النقدي-العراقي-بسبب-النفقات-التشغيلية

PM: Strengthening Coordination And Integration Between Iraq’s Fiscal And Monetary Policies

Iraqi News Agency (INA)   Wednesday,   10 June 2026   INA - BAGHDAD   6/10/202  Prime Minister Ali Faleh Al-Zaidi chaired on Wednesday the second meeting of the Financial Stability Council.  

The meeting discussed the general framework governing the Council’s work, mechanisms for implementing financial and monetary plans and strategies, and ways to stimulate various economic sectors and enhance their capacity to contribute to economic growth and job creation, according to a statement from the PM Media Office, received by the Iraqi News Agency - INA.
“The Council is important as which will serve as an effective institutional framework for strengthening coordination and integration between Iraq’s fiscal and monetary policies, thereby contributing to economic stability, supporting development efforts, and promoting sustainable economic growth,” said Al-Zaidi.

He noted that “the government is moving forward with the preparation of a comprehensive economic vision for Iraq through 2050, based on diversifying sources of income, promoting investment, and improving the efficiency of resource management.”

The meeting also stressed “the importance of unifying efforts among relevant institutions to ensure financial stability, address economic challenges, and formulate policies that safeguard the national economy and enhance its resilience in the face of domestic and international developments.”

 https://ina.iq/en/politics/49468-pm-strengthening-coordination-and-integration-between-iraqs-fiscal-and-monetary-policies.html