Iraq Economic News and Points To Ponder Late Saturday Evening 6-6-26

Government Spokesperson:   Iraq is a Fully Sovereign Country

Iraqi News Agency (INA)  Saturday,   INA - BAGHDAD    6/06/2026   Government spokesperson Haider al-Aboudi affirmed on Friday that Iraq is a fully sovereign country, and its supreme authority is not subject to internal or external dictates.

"The government of PM Ali Faleh al-Zaidi has presented a clear ministerial program, foremost among which is strengthening national sovereignty. Monopolizing weapons in the hands of the state and enforcing the law represent the government's starting point," al-Aboudi said in a televised statement to Al-Iraqiya News, reported by the Iraqi News Agency - INA.

He noted, “The national forces' response to the issue of weapons control has become evident to everyone. It is important to restrict weapons to the state to ensure that political agendas do not dictate their control. Iraq is a fully sovereign country, and its supreme authority is not subject to internal or external dictates."

"September 2026 will mark the end of the international coalition's presence in Iraq,” he highlighted.

Regarding the fuel station issue, Al-Aboudi confirmed that "the Prime Minister is personally overseeing the fuel station file, and stations are being supplied with gasoline."

On salaries and the evaluation of general managers, Al-Aboudi explained that "salaries are secured, and the Prime Minister differs from his predecessors because he comes from the business world and understands the intricacies of economic movements."

“The evaluation of general managers is one of the most important factors in institutional performance, and it will be conducted scientifically and meticulously," he underscored. 

https://ina.iq/en/politics/49325-government-spokesperson-iraq-is-a-fully-sovereign-country.html

Employees With Different Salaries And Similar Qualifications  An Economist Says The New Peace Agreement Will Cost The State "Trillions"

 Baghdad Today - Special Report:   In Baghdad, where the days are all the same in their noise and heavy routine, Ali would get up every morning to cross the gate of his government office as if crossing into another day of postponed duty. He would sign in, review papers, and get immersed in the details of work until the evening, then return burdened with a silent question: Is what he does really measured by what he earns at the end of the month?

On the other side of the city, Muhammad was taking almost the same route, but to a different government department, offices similar to Ali's, files piling up in the same way, and daily pressure that was not much different in appearance.

Yet, when payday came, an invisible gap was revealed between the two stories, a gap created not so much by the nature of the work as by the entanglements of laws and privileges.

Ali and Muhammad did not know each other, but they met every month at the same spot, a vague feeling that justice, despite its presence in speeches, was still searching for its way among the various state circles.

This story, which is repeated among thousands of employees in Iraq, has become a constant topic of discussion and controversy in recent years, amid increasing demands to reconsider the salary structure and end the disparities that have arisen due to accumulated laws and exceptions.

With the return of talk about a comprehensive reform of the salary scale, the issue stands out as one of the most sensitive challenges facing the government, as it seeks to achieve job fairness without burdening the general budget with potentially large financial burdens.

Economic expert Nasser Al-Tamimi explained today, Friday (June 5, 2026), that Iraq is facing an important obligation related to reconsidering the structure of salaries and wages in state institutions, in light of the large disparity that exists between employees of ministries, agencies and entities not affiliated with a ministry, which has accumulated over many years as a result of special legislation, exceptions and multiple privileges.

Al-Tamimi told Baghdad Today that “talking about a comprehensive reform of the salary scale is no longer just an administrative option, but has become a necessity to achieve a greater degree of functional and social justice.

The existence of employees with the same qualifications and experience who receive vastly different salaries due to the different entity in which they work represents one of the most prominent challenges facing the public administration in Iraq.”

He stressed that “adopting a unified salary scale can be a positive step towards addressing current imbalances, but its success depends on its design taking into account the nature of different jobs and specializations, levels of responsibility and competence.

Absolute unification of salaries may lead to new problems if it does not include professional and productive incentives that ensure attracting and retaining talent, especially in specialized and technical sectors.”

He added that "any broad reform of salaries will entail a large financial burden that may reach several trillion dinars annually if the principle of raising the lowest salaries to the levels of the highest-paid entities is adopted, which requires conducting accurate financial studies to determine the sources of funding and the mechanisms for phased implementation."

He added that "the main challenge facing the government is to achieve a balance between social justice and financial sustainability, as job disparities cannot be addressed at the expense of the state's financial stability or an increase in the general budget deficit. Successful reform should be gradual, well-considered, and linked to broader reforms in human resource management and government spending."

Al-Tamimi stressed that "there is a need to review the special privileges, allowances and exceptions that have accumulated over the past years, which have become one of the most prominent reasons for disparity among employees, and achieving justice requires subjecting all institutions to unified and transparent standards as much as possible."

He added that “any broad adjustment to salaries will have direct repercussions on the general budget and the Iraqi economy, as it may contribute to stimulating local demand and improving the living standards of employees, but on the other hand, it may increase financial and inflationary pressures if it is not accompanied by balanced economic and financial reforms.”

Al-Tamimi concluded by saying: “Reforming the salary system in Iraq should be viewed as part of a comprehensive public administration reform project aimed at promoting fairness, efficiency, and rationalizing government spending, in a way that serves the interests of both the employee and the state.”

Over the past decades, Iraq's salary system has undergone frequent modifications, resulting in significant disparities among employees in state institutions.

This is due to the adoption of special laws, allowances, and exceptions that have granted some entities financial privileges exceeding those received by employees in other institutions, despite similar qualifications and job responsibilities.

With the increasing number of employees and the rising annual payroll, reforming the salary scale has become one of the most sensitive issues, given its direct impact on the general budget and the standard of living of millions of Iraqi families, as well as its connection to demands for achieving job fairness and enhancing the efficiency of government administration.      https://baghdadtoday.news/300687-.html

Monte Carlo: Al-Zaidi Received US Pledges Of Broad  Economic Support In Exchange For Proceeding With The Plan To "Monopolize Weapons In The Hands Of The State"

 latest news  Saturday,   June 6, 2026   Baghdad - One News   Monte Carlo Radio revealed intensive meetings being held by Prime Minister Ali al-Zaidi with American diplomats, coinciding with the start of the plan to disarm Iranian-backed factions.

According to the radio station, the American message included a pledge of significant economic support for the al-Zaidi government to strengthen the plan and restore security coordination between Baghdad and Washington after its decline following the recent war.

In this context, the government announced the provision of thirty-five thousand jobs in the security and military institutions to integrate members of the factions that agree, most notably the Sadr Movement, Asaib Ahl al-Haq, and the Imam Ali Brigades, in exchange for pursuing those who reject this American vision. https://1news-iq.net/مونت-كارلو-الزيدي-تلقى-تعهدات-أمريكية/

Security Source To “Eram News”: Signs Of US Support For Al-Zaydi Against The Factions Are Escalating, Including Air Support

latest news   Saturday,   June 6, 2026   Baghdad - One News   An Iraqi security source told Eram News that the chances of Prime Minister Ali al-Zubaidi accepting the American offer to confront the factions refusing to hand over their weapons, which former Prime Minister Mohammed Shia al-Sudani had previously rejected, are increasing. 

The security source said the offer includes providing multiple forms of support, most notably full US air support from bases in Iraq. 

He explained that the military tools available to the government are ready to impose its authority and end the influence of the pro-Iranian arms that refuse to hand over weapons, foremost among them the blood relatives, Malik al-Ashtar, the Kaabi movement, and the Hamidawi Brigades.https://1news-iq.net/مصدر-أمني-لـإرم-نيوز-مؤشرات-الدعم-الأ/

Al-Khafaji reveals the course of procedures for "weapons control" and the legal and regulatory frameworks for completing the "integration of factions"

 latest news   Saturday,  June 6, 2026   Baghdad - One News   6/06/2026   The Ministry of Defense announced the receipt of large quantities of weapons, while confirming that there is no timetable for the process of restricting weapons to the state.

 The Director of Media and Moral Guidance at the Ministry, Major General Pilot Tahsin Al-Khafaji, said: “The transfer and integration process is complex and important, and requires legal and regulatory frameworks and the provision of job positions, given its connection to heavy weapons, equipment, personnel, salaries, and job entitlements.”

 He confirmed that “important steps have already begun through reliance on the laws, regulations, and approved mechanisms for receiving,” assuring that “work on this file is proceeding smoothly, and there is no time limit for completing this file.”https://1news-iq.net/الخفاجي-يكشف-عن-مسار-إجراءات-حصر-السلا/

Iraqi Pm To Visit Washington For Expanding Us Investment

2026-06-06 / 13:05   Shafaq News- Baghdad   Iraqi Prime Minister Ali al-Zaidi announced Saturday an upcoming official visit to Washington, accompanied by a delegation of Iraqi business leaders.   According to his office, the visit aims to expand opportunities for mutual and joint investment, without specifying a date. 

The Washington trip would be the first official foreign visit by the Iraqi prime minister since he was sworn in on May 1. 

Read more: Al-Zaidi sworn in as Iraq's prime minister with a program already failed

US President Donald Trump extended an official invitation to al-Zaidi in a phone call on April 30, expressing a desire to develop and strengthen bilateral relations across various fields.

https://shafaq.com/en/Iraq/Iraqi-PM-to-visit-Washington-for-expanding-US-investment

Seeds of Wisdom RV and Economics Updates Sunday Morning 6-7-26

Good Morning Dinar Recaps,

Stablecoin Battle Escalates as Central Banks Push Back Against Private Digital Money

Growing tensions between central banks and stablecoin issuers are accelerating the global race to define the future monetary system.

 Overview

A major debate is unfolding across the global financial system as central banks intensify warnings about the rapid growth of stablecoins and other forms of private digital money. Regulators in Europe and the United Kingdom are increasingly concerned that widespread adoption of dollar-backed stablecoins could weaken monetary policy, increase systemic financial risks, and reinforce U.S. dollar dominance in the emerging digital economy.

The developments come as governments, financial institutions, and technology firms continue investing heavily in blockchain-based payment systems, tokenized assets, and digital settlement infrastructure. The outcome could significantly influence the future structure of global finance and cross-border transactions.

Key Developments

1. Central Banks Warn of Growing Stablecoin Risks

Officials from the European Central Bank (ECB) warned that stablecoins could create risks similar to those seen during previous financial crises. Concerns include potential bank runs, liquidity shortages, and disruptions to monetary policy transmission. The ECB emphasized that stablecoins are no longer a niche crypto product but are becoming part of mainstream financial infrastructure.

2. Dollar Dominance Remains a Key Concern

European policymakers expressed concern that most major stablecoins remain tied to the U.S. dollar. As digital payments expand globally, widespread adoption of dollar-backed stablecoins could strengthen the dollar’s international role at the expense of other currencies, including the euro and pound sterling.

3. UK Lawmakers Call for More Flexible Stablecoin Rules

A cross-party committee in the United Kingdom urged the Bank of England to avoid regulations that could hinder the development of sterling-backed stablecoins. Officials argued that excessive restrictions may prevent Britain from competing in the rapidly evolving digital finance sector.

4. Digital Currency Infrastructure Expands

Rather than simply opposing stablecoins, central banks are accelerating efforts to develop their own digital settlement systems and tokenized payment networks. Projects under development are designed to integrate blockchain technology with central bank money while maintaining regulatory oversight and financial stability.

5. Global Competition for Financial Leadership Intensifies

Governments increasingly view digital finance as a strategic national priority. Nations that establish clear frameworks for tokenized assets, stablecoins, and digital currencies may gain advantages in attracting investment, innovation, and financial activity. The competition is evolving into a race to shape the rules of the next financial era.

Why It Matters

The debate over stablecoins represents a broader struggle over who will control the future of money. While private-sector innovation is moving rapidly, central banks remain determined to preserve their ability to manage monetary policy and maintain financial stability.

As digital assets become more integrated into everyday commerce and banking, the decisions being made today could shape global finance for decades.

Why It Matters to Foreign Currency Holders

• Stablecoins are increasingly being used for international payments and settlements.

• Digital currencies could alter traditional reserve currency dynamics.

• Central bank digital currency projects continue advancing globally.

• The future monetary system may combine traditional currencies with tokenized financial infrastructure.

Implications for the Global Reset

• Pillar 1: Digital Transformation of Money

The expansion of stablecoins, tokenized assets, and blockchain settlement networks signals a historic shift in how value may move across the global economy.

• Pillar 2: Monetary Sovereignty Under Pressure

Central banks are working to maintain control over financial systems as private digital currencies gain traction. The balance between innovation and regulation will help determine the architecture of the future monetary order.

Closing Insight

The financial system is entering a period where traditional banking, digital assets, and central bank initiatives are increasingly converging. The question is no longer whether digital money will become mainstream, but who will ultimately control the infrastructure that powers it.

As stablecoins expand and central banks respond, the foundations of tomorrow’s financial system are being built today.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Bank of England Faces Calls to Ease Stablecoin Plans"

• Cointelegraph — "ECB Says Stablecoin Risks Strengthen Digital Euro Case"

~~~~~~~~~~ 

 🌱 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

News, Rumors and Opinions Sunday 6-7-2026

KTFA:

Clare:  The Prime Minister receives members of the Board of Directors and Private Sector Development and chairmen of the boards of directors of private banks

6/6/2026

Prime Minister Ali Faleh al-Zaidi received on Saturday members of the Board of Directors and Development of the Private Sector, members of the Iraqi Economic Council, and a number of chairmen of the boards of directors of private banks in Iraq.

The Prime Minister's Media Office said in a statement that "Prime Minister Ali Faleh Al-Zaidi received members of the Board of Directors and Development of the Private Sector, members of the Iraqi Economic Council, and a number of chairmen of the boards of directors of private banks in Iraq."   LINK

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Clare:  Iraq secures international approval for $900 million in funding for road network development project

6/6/2026

Iraq Secures International Approval for $900 Million Road Network Development Project.

The World Bank announced on Friday its approval of a $900 million project to improve Iraq's road infrastructure.

In a statement, the Bank said the project will support Iraq's transport economic corridors through strategic investments in key road corridors that form a cornerstone for domestic transport, regional integration, and long-term economic growth. It will also enhance transport safety and reliability and open new opportunities for individuals and businesses across the country.

The statement added that road transport accounts for more than 90% of Iraq's total transport volume, yet most of the country's road networks suffer from poor infrastructure, deterioration due to climate stresses, and road safety hazards.

The project focuses on priority investments along two strategic axes: a north-south corridor connecting Baghdad to the Turkish border via the E2 highway, and an east-west corridor along the E1 highway linking Baghdad to both Syria and Jordan.

He pointed out that "the program, in its first phase, funds the rehabilitation of key sections of the E1 highway, helps improve the efficiency of specific roads in the Kurdistan Region of Iraq, and establishes the initial section of the E2 highway.

These investments combine to enhance the operational efficiency of Iraq's national road network and strengthen its resilience to climate change, while laying a solid foundation for future phases that will attract private sector capital and expand the scope of the transport corridor program."
The statement emphasized that "approximately 7.9 million citizens are expected to benefit from the project, the majority of whom live along newly constructed or upgraded roads, including about 3 million women and 1.5 million young people."

It further noted that "the project will benefit various regions of Iraq, from Baghdad to the Kurdistan Region and along the border corridors with Jordan, Syria, and Turkey."

The statement added that "the project will also support performance-based road maintenance contracts, create an enabling environment for sustainable partnerships with the private sector, and explore opportunities to generate income and revenue."
The statement concluded, “The Roads and Bridges Department of the Ministry of Construction, Housing, Municipalities and Public Works will implement the project with strategic supervision from a high-level steering committee that includes key national institutions and representatives from the Kurdistan Region of Iraq.”  LINK

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

Sandy Ingram  I'm a little excited...Breaking news and excellent news.  The World Bank approves $900 million for Iraq.  This is financing.  It's approved money.  This money is designed to...help Iraq become more connected internally and regionally...This $900 million will enable the Development Road Project to come off without a hitch. This is excellent  news...There's your interstate international transit hub.

Mnt Goat   Article: “PRIME MINISTER’S ADVISOR: IRAQ IS ON THE VERGE OF MAJOR ECONOMIC CHANGES UNDER THE GUIDANCE OF AL-ZAIDI“  Iraq is heading for a huge, radical Economic Transformation. I do not use this terminology lightly. If this holds to it promises this will lead us to what we want – the reinstatement of their dinar currency.

Frank26   I just want the government formed and everything else will follow like a little doggie...Let's hope we see the government in a couple of weeks and then the monetary reform through a new exchange rate...by the speed of Trump...Things are happening so fast...There's only one direction.  There's only one landing spot, a new exchange rate.

Reset Intelligence   Everyone is disarming in Iraq this week, and almost no one is asking why now. The answer: you cannot route Iraq's oil money onto clean rails while the militias are still skimming it at the wellhead. Remove the guns first, then the money has somewhere honest to land. 

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Is the US Financial System Headed for a Collapse? | Lyn Alden

WTFinance: 6-5-2026

On this episode of the WTFinance podcast I had the pleasure of welcoming back Lyn Alden. Lyn Alden is the founder of Lyn Alden Investment Strategy, the author of Broken Money, and one of the most rigorous and original macro voices in finance today.

 During our conversation we spoke about her overview of the economy, gradual printing, FED actions, Fiscal dominance and impact on US hegemon, Economic Statecraft, AI Capex, Stocks and more. I hope you enjoy!

0:00 - Introduction

1:59 - Overview of economy

6:38 - Gradual print

9:22 - Yield curve control

13:03 - FED cut rates?

16:24 - FED still needed?

17:49 - Fiscal Dominance & US Hegemony

19:25 - Economic Statecraft

21:56 - Chinese manufacturing inbalance

27:12 - Chokepoints

29:34 - West moving to Chinese led model?

32:34 - AI Capex

36:09 - Which sectors Lyn is watching?

39:49 - Central banks buying gold

42:39 - US dollar price setter

46:54 - One message to takeaway?

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

Rob Cunningham: The Optimistic KUWL Scenario

Rob Cunningham: The Optimistic KUWL Scenario

6-6-2026

The Optimistic KUWL Scenario:

Every asset can be represented digitally.
Ownership is instantly verifiable.
Settlement occurs in seconds.
Audits become continuous rather than periodic.
Fraud becomes dramatically harder.
Reconciliation becomes largely automated.
Capital becomes more productive because less of it sits idle.

The result is not merely faster finance.

The result is less waste.

Stablecoins Become Honest Digital Cash

In this vision, regulated stablecoins such as RLUSD function as digital representations of sovereign currency.

Every unit is:

fully backed
transparently reported
instantly transferable
globally accessible

Instead of waiting days for payment settlement:

workers get paid immediately
businesses receive funds immediately
suppliers reconcile instantly
consumers gain greater transparency

Money begins behaving more like data.

XRP Becomes a Neutral Liquidity Bridge

In the most optimistic XRP scenario, XRP is not replacing national currencies.

It functions more like a universal translation layer.

Just as the internet allows computers speaking different languages to exchange information, a bridge asset allows value to move between:

dollars
euros
yen
stablecoins
tokenized securities
tokenized commodities

without each participant maintaining enormous pools of dormant capital.

The benefit is not speculation.

The benefit is efficiency.

The XRPL Becomes Infrastructure

In this vision, the XRP Ledger becomes part of the world’s invisible plumbing.

Most people never think about it.

Just as few people think about TCP/IP when sending an email, most people never think about settlement rails.

They simply experience:

lower costs
faster transactions
greater transparency
fewer errors

Infrastructure succeeds when it becomes boring.

AI Becomes a Steward of Coordination

The optimistic AI future is not AI replacing humanity.

It is AI reducing complexity.

AI systems:

reconcile accounts
detect fraud
optimize logistics
manage inventories
forecast shortages
coordinate energy distribution

Human beings remain responsible for values, ethics, leadership, creativity, and meaning.

AI handles administrative burden.

Civilization gains leverage.

Law Provides Clarity

Legislation such as the proposed CLARITY Act and GENIUS Act succeeds when innovators, regulators, businesses, and consumers all know the rules of the road.

Capital generally flows toward certainty.

In the optimistic case:

innovation accelerates
compliance costs fall
institutional adoption increases
consumer protections improve
legal disputes decrease

The rulebook becomes understandable.

The Largest Benefit: Released Human Energy

The greatest benefit may not be financial at all.

It may be human.

When societies spend less energy on:

bureaucracy
reconciliation
paperwork
disputes
inefficiency
corruption

they gain more energy for:

families
education
invention
medicine
art
exploration
service

The ultimate dividend is time.

The Most Optimistic Civilizational Outcome

In the brightest possible scenario:

Truth becomes easier to verify.
Ownership becomes easier to prove.
Fraud becomes harder to conceal.
Commerce becomes easier to conduct.
Opportunity becomes more accessible.
Prosperity becomes more broadly distributed.
Nations retain sovereignty while remaining interoperable.
Technology serves humanity rather than controlling it.

The ideal endpoint is not a world ruled by technology.

It is a world where technology quietly removes friction so that human beings can spend more time pursuing purpose, creativity, stewardship, liberty, and peace.

Source(s):
• https://x.com/KuwlShow/status/2062883989942128949

https://dinarchronicles.com/2026/06/05/rob-cunningham-the-optimistic-kuwl-scenario/

Iraq Economic News and Points To Ponder Saturday Morning 6-6-26

Russia And Saudi Arabia Sign 30 Agreements At The St. Petersburg International Economic Forum

Money and Business     Russia and Saudi Arabia continue to strengthen their cooperation in trade, investment and economic sectors, signing 30 agreements today during the St. Petersburg International Economic Forum.

The signing took place during the St. Petersburg International Economic Forum, and was attended by Russian Deputy Prime Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman.

Novak said, following the signing ceremony, that Russia and the Kingdom continued to strengthen their bilateral cooperation and expand interaction in the areas of trade, investment and other economic sectors.

Novak said: "Today we can confidently say that we have achieved a true strategic partnership, which is embodied in the practical development of trade and investment between our two countries."

He added: “Around 30 agreements have been signed, and all of this is crucial for developing trade and economic cooperation between our two countries. The volume of trade is increasing, projects are being implemented on the ground, and there is continuous communication between our business communities.”

Novak revealed that the Saudi delegation was one of the largest delegations participating in the forum, comprising about 170 people, in addition to a large number of businessmen.

The Russian Deputy Prime Minister noted the convergence of views between the two countries on key international issues.

In closing, Novak said: "This year marks 100 years since the establishment of diplomatic relations between Russia and Saudi Arabia. Respect for each other's sovereign choices and respect for the cultures of our peoples has always been a solid foundation of bilateral relations."

For his part, Saudi Energy Minister Prince Abdulaziz bin Salman stressed the special importance the Kingdom attaches to Russia, saying: "It is wonderful that in Saudi Arabia we no longer need to explain how important and vital Russia is, both in our bilateral relations and for the world as a whole."

The Saudi energy minister also noted that the Kingdom's selection as this year's guest of honor prompted them to return the favor by demonstrating the importance of being here, saying: "We wanted to show how important and vital Russia is to us."

The St. Petersburg International Economic Forum kicked off Wednesday in St. Petersburg, with the participation of leading experts and decision-makers from around the world. The event will continue until Saturday. Saudi Arabia is the guest of honor at this year's forum, underscoring the strength of economic ties between Moscow and Riyadh.

https://www.economy-news.net/content.php?id=69889

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

Money and Business   Economy 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, 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.economy-news.net/content.php?id=69926

Iraq recorded a sharp decline in imports during 2025

Money and Business   Economy News – Baghdad    International trade data on import values ​​for 2025 showed a significant decline in the value of Iraq’s imports compared to the previous four years, after it had been among the top importing countries on the list.

According to the data, the value of Iraqi imports during 2025 reached approximately $51.1 billion, down from $87.4 billion in 2024, a difference of over $36 billion, representing one of the largest declines recorded compared to previous years. Observers attribute this to stricter financial compliance procedures through the Central Bank's electronic platform and the drop in oil prices.

Iraq had recorded a steady increase in the value of imports during the past years, as it rose from $60.9 billion in 2021 to $76.1 billion in 2022, then $85 billion in 2023, before peaking at $87.4 billion during 2024.

In the ranking of importing countries for 2025, Iraq came behind several countries including Colombia, Ukraine, Bangladesh, Pakistan and Kazakhstan, while it outperformed other countries such as Kuwait, Oman and Qatar.

The data is based on International Trade Centre calculations relying on United Nations Trade Statistics (COMTRADE) and International Trade Centre data. https://www.economy-news.net/content.php?id=69925

Iraq And Austria Discuss Ways To Expand Prospects For Joint Cooperation.

Money and Business     Economy News – Baghdad    The First Deputy Speaker of the House of Representatives, Adnan Faihan Al-Dulaimi, discussed on Saturday with the Austrian Ambassador to Iraq ways to expand the prospects of joint cooperation in various fields between the two countries.

The media office of the First Deputy Speaker stated in a statement received by "Al-Eqtisad News" that "the First Deputy Speaker of the House of Representatives, Adnan Faihan Al-Dulaimi, received in his guest house the Ambassador of the Republic of Austria to Iraq, Andrea Nasi."

He added that "during the meeting, all the latest developments on the local scene were reviewed, as well as an exchange of views on the most prominent regional and international developments and their implications for the region."

According to the statement, the First Deputy stressed "the need to raise the level of bilateral relations and expand areas of joint cooperation in a way that serves the mutual interests of the two friendly countries, especially in the economic and investment sectors, and the importance of resuming direct flights between Baghdad and Vienna as a supportive step to enhance trade exchange and revitalize tourism."

Faihan explained that “Iraq is proceeding with a policy of balanced openness and strengthening constructive partnerships with various countries of the world, based on a vision that is based on mutual respect and common interests, and in a way that contributes to supporting sustainable development efforts and achieving the country’s higher interests.”

The statement indicated that “the Ambassador of the Republic of Austria to Iraq, Andrea Nasi, expressed his country’s keenness to strengthen the partnership with Baghdad and develop areas of cooperation in various sectors, in a way that contributes to achieving the common interests of Iraq and Austria and serves the future of the two friendly peoples.”

https://www.economy-news.net/content.php?id=69922

Iraq Secures International Approval For $900 Million In Funding For Road Network Development Project

Money and Business   Iraq Secures International Approval for $900 Million Road Network Development Project.

The World Bank announced on Friday its approval of a $900 million project to improve Iraq's road infrastructure.
In a statement, the Bank said the project will support Iraq's transport economic corridors through strategic investments in key road corridors that form a cornerstone for domestic transport, regional integration, and long-term economic growth. It will also enhance transport safety and reliability and open new opportunities for individuals and businesses across the country.

The statement added that road transport accounts for more than 90% of Iraq's total transport volume, yet most of the country's road networks suffer from poor infrastructure, deterioration due to climate stresses, and road safety hazards.

The project focuses on priority investments along two strategic axes: a north-south corridor connecting Baghdad to the Turkish border via the E2 highway, and an east-west corridor along the E1 highway linking Baghdad to both Syria and Jordan.

He pointed out that "the program, in its first phase, funds the rehabilitation of key sections of the E1 highway, helps improve the efficiency of specific roads in the Kurdistan Region of Iraq, and establishes the initial section of the E2 highway.

These investments combine to enhance the operational efficiency of Iraq's national road network and strengthen its resilience to climate change, while laying a solid foundation for future phases that will attract private sector capital and expand the scope of the transport corridor program."

The statement emphasized that "approximately 7.9 million citizens are expected to benefit from the project, the majority of whom live along newly constructed or upgraded roads, including about 3 million women and 1.5 million young people."

 It further noted that "the project will benefit various regions of Iraq, from Baghdad to the Kurdistan Region and along the border corridors with Jordan, Syria, and Turkey."

The statement added that "the project will also support performance-based road maintenance contracts, create an enabling environment for sustainable partnerships with the private sector, and explore opportunities to generate income and revenue."

The statement concluded, “The Roads and Bridges Department of the Ministry of Construction, Housing, Municipalities and Public Works will implement the project with strategic supervision from a high-level steering committee that includes key national institutions and representatives from the Kurdistan Region of Iraq.” https://www.economy-news.net/content.php?id=69908

Al-Zaidi Travels To Washington With Businessmen And Promises To Inject $10 Billion Into The Private Sector.

Arabic and international   Iraqi Prime Minister Ali Faleh al-Zaidi announced on Saturday an upcoming official visit to the United States, accompanied by businessmen, to expand mutual and joint investment opportunities, noting at the same time that the development fund is for the private sector and will absorb a contribution from the Central Bank worth $10 billion.

This came during Al-Zaydi’s reception of a number of businessmen, members of the board of directors and development of the private sector, members of the Iraqi Economic Council and a number of heads of boards of directors of private banks, in the presence of the Minister of Finance, the head of the Board of Advisors, the director of the office of the Prime Minister, and the head of the Higher Authority for Coordination between Governorates.

According to a statement from the Prime Minister’s Media Office, Al-Zaydi affirmed that the government relies on cooperation with the private sector to ensure the success of its reform efforts in the economy and development, and that it will adopt an open-door policy regarding the proposals, requests, and problems submitted by businessmen that require intervention and resolution.

Al-Zaydi stressed the fight against corruption and extortion, and called on all businessmen or companies not to be drawn into offering any sums of money to facilitate their work and obtain their rights, and that his door is open to any case of obstruction practiced by any element within the body of the state.

Al-Zaydi said that the private sector is a partner of the government, and we support its pivotal role in developing the economy. Our criteria for preferring the private sector are: “tax accountability,” “the size of the workforce and their inclusion in social security,” and “the size of the social benefits contributed to.”

He added: We have a project for one million residential plots, and we call on the private sector to contribute to its infrastructure. There must be a share for everyone who does not own a property, plot of land, or housing unit. We will cooperate with the private sector in preparing residential lands according to economic models that preserve the rights of the state and the citizen.

The Iraqi Prime Minister revealed an upcoming visit to Washington, saying: “We have an official visit coming up to the United States, and we will bring with us a number of businessmen to expand mutual and joint investment opportunities.”

Al-Zaydi pointed out that the development fund is for the private sector, and will absorb a contribution from the Central Bank worth $10 billion, and we will open subscription to contributions for all citizens, at the official value of the Iraqi dinar.

He explained that the profits of the Development Fund will be exempt from taxes, and will finance the establishment of new factories with new products needed by the Iraqi market. We have prepared monthly payments of approximately (1 trillion dinars) for the purpose of paying the dues of businessmen, companies, and contractors, and the payments will increase with the resolution of the crude oil export crises.

He noted that he had issued directives to resolve obstacles related to tax accounting and to remove any conflict in instructions, and everything that hinders progress towards the goal of preserving public funds. He also directed that all laws and decisions that do not facilitate economic development and impede the expansion of partnership with the private sector be studied.

For their part, the businessmen offered to expand consultations with the government regarding service and development projects and priorities, diagnose market needs, and find solutions to economic challenges in order to help the government achieve its goals.     https://www.economy-news.net/content.php?id=69942

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 6-6-26

 Good Afternoon Dinar Recaps,

Global Battle Over Digital Money Intensifies as Central Banks Warn on Stablecoin Risks

As stablecoins expand rapidly across global markets, central banks are accelerating efforts to reshape the future of money, payments, and financial sovereignty.

 Overview

A growing conflict is emerging between governments, central banks, and private financial innovators over who will control the next generation of money. Recent warnings from the European Central Bank (ECB) and ongoing discussions among global regulators highlight increasing concerns that the rapid growth of dollar-backed stablecoins could alter monetary policy, financial stability, and the balance of power within the global financial system.

At the center of the debate is the rise of tokenized finance, where digital assets and blockchain technology are increasingly being integrated into traditional banking, payments, lending, and investment markets. Policymakers are now racing to establish regulatory frameworks while simultaneously developing their own digital currency infrastructure.

Key Developments

1. ECB Warns Stablecoins Could Threaten Financial Stability

European Central Bank officials warned that large-scale stablecoin adoption could create risks similar to those seen in money market funds during past financial crises.

Officials cited concerns over potential liquidity runs, disruptions to monetary policy transmission, and increased dependence on privately issued digital money.

2. Dollar Dominance Faces a New Evolution

Most major stablecoins remain pegged to the U.S. dollar, giving dollar-backed digital assets a growing presence in international transactions.

European policymakers expressed concern that widespread adoption of dollar-based stablecoins could further strengthen U.S. financial influence while reducing the role of other national currencies in global commerce.

3. Central Banks Accelerate Digital Currency Projects

Rather than attempting to block innovation, many central banks are responding by developing digital settlement systems and central bank digital currency infrastructure.

Projects focused on tokenized settlement, cross-border payments, and digital public money continue to gain momentum as governments seek to maintain monetary control in a rapidly evolving financial environment.

4. Tokenized Finance Continues Expanding

Financial institutions are increasingly exploring tokenized assets, blockchain-based settlement systems, and digital payment networks.

Supporters argue that tokenization can improve efficiency, reduce costs, and modernize financial markets. Critics warn that the speed of digital transactions could amplify financial stress during periods of market instability.

5. Global Regulatory Competition Intensifies

Countries are increasingly viewing digital finance regulation as a strategic issue. Governments that establish clear regulatory frameworks may attract investment, innovation, and financial activity, while those that lag behind risk losing influence within emerging digital markets.

The competition is becoming a race to shape the rules governing the next era of global finance.

  Why It Matters

The debate over stablecoins and digital currencies extends far beyond cryptocurrency markets. It involves fundamental questions about who controls money, payment systems, and financial infrastructure in the decades ahead.

As digital assets become more integrated into the global economy, governments and central banks face increasing pressure to modernize financial systems while preserving monetary stability.

Why It Matters to Foreign Currency Holders

• Stablecoins are increasingly being used for international transactions and cross-border payments.

• Digital currencies may influence future reserve currency dynamics.

• Tokenized financial systems could alter traditional banking and settlement processes.

• Regulatory decisions today may shape the future role of national currencies.

Implications for the Global Reset

• Pillar 1: Transformation of the Global Monetary System

The expansion of stablecoins, tokenized assets, and digital settlement networks represents one of the most significant changes to financial infrastructure in decades. The future monetary system may increasingly combine traditional currencies with blockchain-based technologies.

• Pillar 2: Competition for Financial Sovereignty

Governments and central banks are working to ensure they retain influence over monetary policy as private-sector digital assets gain adoption. The outcome of this struggle could shape global finance for years to come.

Closing Insight

The debate surrounding stablecoins is no longer simply a cryptocurrency issue. It has evolved into a broader discussion about monetary sovereignty, financial stability, and the future architecture of the global financial system.

This is not just a digital currency story—it is a battle over who will control the next generation of money.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Brazil to Announce First Panda Bond Issuance During China Visit"

• Cointelegraph — "ECB Says Stablecoin Risks Strengthen Digital Euro Case"

~~~~~~~~~~

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Iraqi Dinar Update: $900 Million World Bank Move: Iraq Economy Game Changer?

Iraqi Dinar Update: $900 Million World Bank Move: Iraq Economy Game Changer?

Edu Matrix:  6-6-2026

Iraqi Dinar Update: $900 Million World Bank Move: Iraq Economy Game Changer?

 The World Bank has approved $900 million in new financing for Iraq through the Iraq Transport Economic Corridors Project, also known as ITREC Iraq.

This major Iraq road connectivity project is designed to improve transportation, support job creation, strengthen Iraq’s road network, and help the country move closer to becoming a regional trade and logistics hub.

In this video, we discuss how the World Bank Iraq $900 million project could impact Iraq’s economy in 2026 and beyond.

The project focuses on major transportation corridors, including Iraq Expressway 1 and Iraq Expressway 2, connecting Baghdad toward Turkey, Syria, and Jordan.

These routes could improve Iraq trade corridors, reduce transportation costs, support agriculture, manufacturing, tourism, and create new opportunities for private sector growth.

This is not just an Iraq infrastructure development story. It is also an Iraq economy 2026 story, an Iraq job creation story, and a regional connectivity story.

Better roads can help businesses move goods faster, help farmers reach markets, improve access to services, and support Iraq’s long-term non-oil economy.

We also discuss what this means for the Iraqi dinar, IQD news, and Iraq’s broader economic future. A road project does not automatically increase the value of the Iraqi dinar, but stronger infrastructure can help build the foundation for long-term economic growth.

Watch the full video to understand why this Iraq Transport Economic Corridors Project could become one of the most important infrastructure developments in Iraq’s economic transformation.

https://www.youtube.com/watch?v=a_IJsolNM50

Saturday Iraq News Posted by Tishwash at TNT 6-6-2026

TNT:

Tishwash:  The Prime Minister's advisor: Al-Zidi's government has taken measures to preserve the purchasing power of the dinar and curb inflation.

The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, affirmed on Saturday that the government, headed by Ali Falih Al-Zaidi, has taken measures to preserve the purchasing power of the Iraqi dinar and curb inflation.

Salih told the Iraqi News Agency (INA) that "the policy of stabilizing the official exchange rate is based on a fundamental objective: protecting the external value of the national currency and maintaining the stability of the general price level." He pointed out that "the stability of the exchange rate has contributed to strengthening confidence in the Iraqi dinar and supporting the purchasing power of citizens."

Salih 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 strong, given the limited impact of the parallel market on the pricing system and the effectiveness of monetary policy." He explained 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 continued, stating that "government policies aimed at maintaining the stability of prices for public goods and services, along with the expansion of modern commercial distribution methods, particularly cooperative stores and advanced marketing models, have strengthened competition and contributed to reducing inflationary pressures and supporting price stability."

Saleh explained that "among the most prominent factors putting 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 constraints imposed on the freedom of energy markets, in addition to political and regional tensions and their impact on foreign currency flows and economic confidence."

He emphasized that "raising the value of the Iraqi dinar cannot be achieved through quick administrative decisions, but rather through a long-term reform process based on the stability of monetary and fiscal policies, diversification of national income sources, and strengthening confidence in the local currency."

He noted that "the stability of the dinar remains a direct reflection of the stability of the macroeconomy and its ability to withstand 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.

These measures include working to enhance foreign reserves, diversify the national economy and reduce 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 methods, and promoting financial inclusion."  link

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

Tishwash:  Iraqi Government: Companies in the Kurdistan Region Must Get Their Final Financial Reports Approved in Baghdad

Yad Nozad — 3 hours agoVarious currency exchange rates in Sulaymaniyah money market.

A new decision by Baghdad creates problems for the foreign transfer process of companies in the Kurdistan Region, forcing them to pay taxes twice and register in the center.

New Condition for Foreign TransfersStarting from June 1 of this year, the Iraqi government has imposed a new condition on companies in the Kurdistan Region. According to the decision, no company can carry out foreign transfers or send money through banks unless their final financial report (annual audit) is approved by the Iraqi Accountants and Auditors Association in Baghdad.

This step comes alongside the implementation of the ASYCUDA system at the borders of the Region.Two Taxes and Two Reports

This decision places a heavy financial burden on companies in the Region, as they will now have to prepare their final financial reports twice. This means they must pay taxes twice — once to the Kurdistan Regional Government and once to the federal government in Baghdad.

 This significantly increases their operating costs.Marginalizing Accountants in the RegionAnother challenge of this decision is that banks will no longer accept approvals from legal accountants in the Kurdistan Region.

Companies are now forced to register in Baghdad, and only Iraqi (federal) accountants can approve their reports. Otherwise, their auditing and money transfer processes in banks will be disrupted.

Kurdistan Delegation Visit to Baghdad To resolve this issue and discuss the implementation of the ASYCUDA system, a delegation from the Kurdistan Regional Government is scheduled to visit Baghdad in the coming days. The goal of the delegation is to address these new obstacles and find solutions to prevent further damage to companies and traders in the Kurdistan Region.  link 

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

Tishwash:  Miles Caggins: Oil companies want guarantees

23 minutes ago

 Miles Caggins, spokesman for the Kurdistan Regional Petroleum Industry Association (Epicur)

The former spokesman of the Kurdistan Regional Government (KRG) said that the main reason for the non-resumption of oil production companies in the Kurdistan Region was security threats and drone and missile attacks.

 Companies were at risk

Miles Caggins, in an exclusive interview with Channel 8, said that recently after the ceasefire between Iran and the United States and the calm of the war situation, companies resumed operations secretly, but again the companies were attacked, so they stopped working.

Guarantee operational security

He said the companies have clearly told the relevant authorities that they will not resume work until the security of their work is guaranteed.

 Debt is still debt and has not been repaid

Regarding the $1 billion debt of the companies, which was agreed between the Iraqi government and the Kurdistan Regional Government, the former spokesman of Epicor said: "So far, the debt has not been recovered, but the companies have not made this the main problem.

 Resumption of corporate operations

In a meeting between the Kurdistan Regional Government (KRG) delegation and Iraqi Prime Minister Ali Zaydi, he called on the oil companies to resume operations and promised to implement their demands.  llink

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Tishwash:   Parliamentary Defense Committee: Four important laws on the parliamentary agenda after the recess

The Parliamentary Security and Defense Committee confirmed on Thursday
that four important laws will be discussed and undergo their first and second readings after the end of the parliamentary recess.

Committee member MP Yasser Watout told Al-Maalomah, “Four important laws will be discussed and undergo their first and second readings, leading to a vote, after the end of the parliamentary recess, that is, after July 1st.”

He added that “the most prominent of these laws concerns amending the law governing the service of the Internal Security Forces, in addition to other equally important laws.” He pointed out that “the Security and Defense Committee is serious about finalizing these laws and expediting the necessary procedures and amendments in order to complete the first and second readings and proceed to a vote.”

Watout emphasized that “these laws are of great importance in guaranteeing the rights of members of the security and military forces,” explaining that “the proposed amendments will take into account all opinions, including those of security leaders, to ensure the enactment of more effective and efficient laws.”   link

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

Tishwash:  MP: The session to complete al-Zaydi's cabinet will be held soon, and the same names will not return. 

MP Mohammed Karim Al-Baldawi, a member of the Coordination Framework, confirmed on Thursday that there is an agreement to hold a session of the House of Representatives in order to complete the vote on the remaining ministerial lineup of Prime Minister Ali Falih Al-Zidi’s government.

Al-Baldawi told Al-Maalouma that "the political blocs are moving towards replacing the previous names nominated for the nine ministerial portfolios, and presenting new figures who are suitable for the requirements of the stage and to fill the vacant positions."

He added that "through this approach, the parties seek to give themselves and society a greater sense of reassurance by putting forward new names that enjoy wider acceptance."

Regarding the coordination framework, Al-Baldawi stressed that it is “strong and cohesive despite the existence of differing viewpoints on some contentious issues among its components,” indicating that “the framework represents the backbone of the political process, and whoever bets on influencing its unity is mistaken, and everyone must work to preserve it.”

He pointed out that “weakening the coordination framework means weakening the entire political system in the country.” 

Political circles are awaiting the scheduling of a session to complete the vote on the cabinet of Ali Faleh al-Zaidi's government, aiming to resolve the dispute that arose from the previous session. This dispute stemmed from political accusations leveled against Speaker of Parliament Haibat al-Halbousi, alleging he deliberately obstructed the approval of certain ministerial nominees and prevented them from being presented for a vote of confidence.   link

Iraq Economic News and Points To Ponder Late Friday Evening 6-5-26

The Real Problem Versus The Fake Problem!

Published on: June 5, 2026: 03:59 PM   There are socialists in Iraq, but there is no socialism, nor has there ever been. Socialism in Iraq is a word, a slogan, an old political myth, like freedom, transparency, fighting corruption, and social justice. What is absent and missing in this country becomes present only when the authorities so desire. 

I believe that mentioning socialism as a mindset and a problem lacks any real, philosophical, or intellectual justification, just as there are no demands of a socialist nature. It's no secret that Iraqi socialists themselves don't have a socialist program; they've lowered their expectations within our chaotic system, whose identity remains unclear.

No demonstrations have raised socialist slogans or demanded a socialist system; rather, demonstrations have taken place against rampant corruption—specifically, against the corruption that has turned the state into a cash cow.

This is the real problem that needs to be addressed and confronted with courageous will.

Anything else is simply an attempt to evade a real problem by creating a false one.    

So what happened to make the Iraqi Prime Minister call for moving beyond the “socialist mentality” in managing the economy? 

Is there truly a socialist mindset managing the economy? I believe Iraq lacks even a sound mind to manage its economy. Since 2003, the political administration has failed to utilize available and readily available professional expertise. Throughout these years, the disregard for professional competence has become the norm.

The political system has not invested in talent but rather in entrenched political factions, most of which lack merit and are solely concerned with their own narrow interests.

The prevailing rentier economy has been exposed since 2003 due to the cessation of any productive, cumulative activity in various economic sectors, with the exception of oil.

However, even oil revenues have been squandered by corruption and haphazard projects. Our economy is not managed by experts but by politicians who think only of their own pockets, served by commercial economic offices and banks run by currency traders, along with a group of accountants to distribute salaries and bonuses. 

Ironically, some of those who amassed wealth from the rentier state that controlled the Iraqi economy equated the public sector with socialism.

Among them were those who sought to circumvent the legal frameworks of state and public ownership, facilitating matters for corrupt individuals and the newly rich who profited from fraudulent and failed contracts and projects, and from plundering the state with impunity. I believe the intention behind expanding this analogy, which conflates and politicizes terminology, is to dismantle what remains of the public sector and offer it up to investors complicit with politicians.

The aim is for the market to prevail. But even a market needs an economic and ethical mind to monitor, hold accountable, and regulate, not one that permits looting, bribery, and forged credentials.

And here we are again, arriving at the real crux of the matter: corruption, the traditions of corruption, the lack of oversight, and political collusion with the corrupt—not a socialist mindset! 

No one before Mr. Ali al-Zaidi, in all the presidencies, ever uttered the word "socialism." It has no meaning in the Iraq of 2003, occupied by the Americans, not only because the Americans oppose socialism, but also because they dismantled the state—a state that monitors, records, and punishes—and opened the doors of an Iraq that produces nothing but oil.

It has become a garage for cars, restaurants, malls, and banquets for politicians who have divided the spoils of the state amongst themselves. The prevailing economy in Iraq is one of garages, restaurants, buildings, malls, exorbitant salaries, entertainment, and the importation of everything, even electricity and gas.

So where did the idea of abandoning the socialist mentality come from, in circumstances where no mentality governs Iraqi life other than that of corruption and the exploitation of a rentier state that produces nothing but oil and sells it?      

Most of the post-2003 wealthy acquired their riches and privileges from the rentier state and its spoils after the American occupation.

Many of them now criticize and attack the state instead of developing a program to rebuild it on productive democratic foundations, diversify its productive sectors in industry, agriculture, and tourism, regulate oversight and taxation, and improve people's living conditions.

Now, there is a growing awareness of a socialist mindset. What is this mindset doing? Is it hindering investment, or is it corruption that is destroying all investor confidence?

 Are there socialist laws in place? Profit-driven investment has even infiltrated education and healthcare, leaving public education and healthcare in a state of collapse.

Most of the revenue from this impoverished state is plundered by the forces that constitute the political system. And here we are, returning to the same wound that requires urgent treatment, instead of offering misguided, pseudo-cultural ideas.  

Before becoming a political force, Islamists were proponents of intellectual interpretations that countered socialism with an Islamic socialism, and capitalism with an Islamic concept of justice that respected private property but opposed usury. During the presidency of the Islamist Morsi, Egypt requested a loan from Germany.

Because the Islamists were new to the intricacies of governance, requiring a balance between principles and reality—between permissible and usurious funds—they emphasized, to an excessive degree, that the interest rate on this loan was minimal, not exceeding 3 or 4 percent—a reasonable interest acceptable to both reason and religion.

 In reality, the loan was approved based on an Islamic legal principle invoked during crises: necessity permits what is forbidden!

After seizing power, they sought to control the public sphere. In collaboration with Salafist groups, they began searching for demons in cinemas, nightclubs, the streets, among oud and violin makers, and among ancient ruins, museums, and the fabric of civil society. (I'm not saying this to be funny; it's true and was a rehearsal for what they call "enjoining good and forbidding evil" campaigns!) 

The slogans and phrases will change; they no longer speak of Islamic socialism, though they continue to equate democracy with the consultative system (Shura) as if they were identical, in an attempt to convince the West. They have come to realize that Gamal Abdel Nasser's old socialism was sold out during Sadat's era, and that the Egyptian regime is secular! 

Every Islamist term that finds its way into the political sphere is driven by a hidden agenda or is a reaction to a different reality that they are trying to control through manipulation. Political Islam is the biggest producer of empty rhetoric.

And despite all the evils of the system falsely labeled socialist, the poor only lost the basic necessities for a decent and lawful life after the fat cats seized control of the economy during the reign of the pious president.  

What is meant by the socialist mentality other than the remnants of the plundered public sector, demanding its privatization instead of its reform, while simultaneously replacing ideas of social justice with the terms of market and investment? 

Is this a psychological condition exhibited by bureaucratic employees who fear for their positions, leading them to obstruct, delay, and procrastinate? This is a specific case, not inherent to bureaucracy. But what about employees who obstruct citizens' transactions to extort bribes from them? This is truly prevalent in government departments!    

In Iraq, where corruption is systematic, Islamic jurisprudence is transformed into a cynical liberalism, where the forbidden is permissible, and it is the witness by which the absent is measured!  

This digression is not without purpose. Returning to the core issue of abandoning the socialist mindset necessarily involves navigating the trenches of politics, political Islam, economic failure, and the decline and corruption of power.

Indeed, labeling our rentier state, which relies on oil production and sales, as a socialist state is a fundamental error—an error rooted in the illusions of the previous political regime and those of so-called nationalist states like Syria, Nasserist Egypt, Gaddafi's Libya, and Algeria. These regimes raised the banner of socialism while clinging to state dominance over the economy, politics, and society.

Some achieved relatively good growth rates, but these were unsustainable due to the authoritarian tendencies of the political system. The problem with these regimes extends beyond state economic control to police state dominance and political despotism. Herein lies the dangerous flaw.

The issue transcends this or that intellectual concept or development plan; it concerns the relationship between the state and the people.

The social contract between the state and the people is broken and reduced to a brutal authority imposing its conditions—an authority, not a state, because the state has been subservient to the political system.

Let us consider this point carefully.

The urgent democratic demands in Iraq can be summarized as follows: rebuilding the state and freeing it from the clutches of corruption and the control of political forces.

These demands have been thwarted by the existing political system, and specifically by the forces that hold power.

The sectarian power-sharing system has squandered the accumulated capital of the rentier state, increased its debt, and undermined the credibility of its leaders, raising doubts about their competence in managing the economy, politics, and social affairs.   The problem lies here. The real issue is here, not in any intellectual or mental model!

https://almadapaper.net/437982/  

The Dollar Peg: How It Works and Why It's Done

The Dollar Peg: How It Works and Why It's Done

Why Countries Peg Their Currencies to the Dollar

By  Kimberly Amadeo  Updated on May 6, 2020

A dollar peg is when a country maintains its currency's value at a fixed exchange rate to the U.S. dollar. The country's central bank controls the value of its currency so that it rises and falls along with the dollar. The dollar's value fluctuates because it’s on a floating exchange rate. 

At least 66 countries either peg their currencies to the dollar or use the dollar as their legal tender. The dollar is so popular because it's the world's reserve currency. World leaders gave it that status at the 1944 Bretton Woods Agreement.

The runner-up is the euro. Twenty-five countries peg their currencies to it. The 19 eurozone members use it as their currency.

Key Takeaways

• The dollar peg is used to stabilize exchange rates between trading partners.

• A country that pegs its currency to the U.S. dollar seeks to keep its currency’s value low. A lower value currency vis-à-vis the dollar allows the country’s exports to be very competitively priced.

• Compared to the floating exchange rate, dollar-pegging promotes anti-competitiveness in trade with the United States.

• The yuan’s peg to the dollar allows the United States to buy cheap imports from China. But the price of such an advantage is the loss of U.S. manufacturing jobs.

How It Works

A dollar peg uses a fixed exchange rate. A country's central bank promises to give you a fixed amount of its currency in return for a U.S. dollar. The country must have lots of dollars on hand to maintain this peg. As a result, most of the countries that use a U.S. dollar peg have significant exports to the United States. Their companies receive lots of dollar payments. They exchange the dollars for local currency to pay their workers and domestic suppliers.

Central banks use the dollars to purchase U.S. Treasurys. They do this to receive interest on their dollar holdings. If they need to raise cash to pay their companies, they may sell Treasurys on the secondary market.

A country's central bank will monitor its currency exchange rate relative to the dollar's value. If the currency falls below the peg, it needs to raise its value and lower the dollar's value. It does this by selling Treasurys on the secondary market. That gives the bank cash to purchase local currency. By adding to the supply of Treasurys for sale in the market, their value drops, along with the value of the dollar. This adjustment reduces the supply of local currency, raising its value, and the peg is restored.  

Keeping the currencies equal is difficult since the dollar's value changes constantly. That's why some countries peg their currencies' value to a dollar range instead of an exact number.

Example of a Fixed Exchange Rate

China switched from a fixed exchange rate in July 2005. It is now more flexible but still managed with a close eye.4 It prefers to keep its currency low to make its exports more competitive.

China's currency power comes from its exports to America. The exports are mostly consumer electronics, clothing, and machinery. In addition, many U.S.-based companies send raw materials to Chinese factories for cheap assembly. The finished goods become imports when they are shipped back to the United States.

Chinese companies receive American dollars as payment for their exports, which they deposit into their banks in exchange for yuan to pay their workers. Local Chinese banks transfer dollars to China's central bank, which stockpiles them in its foreign currency reserves. The Chinese Central Bank holdings reduce the supply of dollars available for trade. That puts upward pressure on the dollar.

China's central bank also uses the dollars to purchase U.S. Treasurys. It needs to invest its dollar stockpile into something safe that also gives a return, and there's nothing safer than Treasurys. China knows this will further strengthen the dollar and lower the yuan's value.

Why Countries Peg Their Currencies to the Dollar

The U.S. dollar's status as the world's reserve currency makes many countries want to peg. One reason is that most financial transactions and international trade are made in U.S. dollars. Countries that are heavily reliant on their financial sector peg their currencies to the dollar. Examples of these trade-reliant countries are Hong Kong, Malaysia, and Singapore.

Other countries that export a lot to the United States peg their currencies to the dollar to maintain competitive pricing. They try to keep the value of their currencies lower than the dollar. The lower currency value gives them a comparative advantage by making their exports to America cheaper. 

Japan doesn't exactly peg the yen to the dollar. Its approach is similar to China. It tries to keep the yen low compared to the dollar because it exports so much to the United States. Like China, it receives a lot of dollars in return. As a result, the Bank of Japan is the largest purchaser of U.S. Treasurys.

Other countries—like the oil-exporting nations in the Gulf Cooperation Council—must peg their currencies to the dollar because oil is sold in dollars.6 As a result, they have large amounts of dollars in their sovereign wealth funds. These petrodollars are often invested in U.S. businesses to earn a greater return. For example, Abu Dhabi invested petrodollars in Citigroup to prevent its bankruptcy in 2008.78

Countries that do a lot of trading with China will also peg their currencies to the dollar. They want their exports to be competitive with the Chinese market. They want their export prices always to be aligned with the Chinese yuan. Pegging their currencies to the dollar accomplishes that.

https://www.thebalancemoney.com/what-is-a-peg-to-the-dollar-3305925

Seeds of Wisdom RV and Economics Updates Saturday Morning 6-6-26

Good Morning Dinar Recaps,

The Rise of the Digital State: AI Surveillance Expands as Governments Seek Greater Control

The rapid growth of artificial intelligence is transforming security, governance, and surveillance, raising new questions about privacy, freedom, and the future balance of power. 

Overview

Artificial intelligence is rapidly becoming one of the most powerful technologies shaping the modern world. While AI continues to revolutionize business, healthcare, finance, and communications, governments are increasingly deploying it for surveillance, security, and law enforcement purposes.

According to recent research, AI-powered surveillance technologies are now being used in dozens of countries across both democratic and authoritarian systems. As adoption accelerates, concerns are growing over privacy rights, government oversight, and the potential emergence of highly centralized digital governance structures.

Key Developments

1. AI Surveillance Expands Worldwide

AI surveillance systems, including facial recognition, predictive policing, and smart-city monitoring platforms, are now operating across a significant number of countries worldwide.

What began as limited security programs has evolved into sophisticated networks capable of tracking movements, analyzing behavior, and processing massive amounts of data in real time.

2. China Continues to Lead Global Surveillance Deployment

China remains the dominant exporter of AI surveillance technology through major firms such as Huawei and ZTE. The country's "Safe City" model combines facial recognition cameras, behavioral analytics, and centralized command centers to monitor public activity.

Chinese surveillance systems have been exported throughout Asia, Africa, the Middle East, and parts of Europe, extending Beijing's technological influence abroad.

3. Western Democracies Are Increasing AI Monitoring Capabilities

The article highlights that AI surveillance is not limited to authoritarian governments. The United States and several European nations have expanded AI-assisted security programs, border monitoring systems, and data collection initiatives.

Recent debates have emerged regarding government access to personal data, AI-powered monitoring tools, and the balance between national security and civil liberties.

4. Europe Struggles to Balance Security and Privacy

While the European Union has adopted regulatory frameworks such as the AI Act, several member states continue testing advanced surveillance technologies.

Critics argue that some programs involving facial recognition, automated border screening, and expanded digital monitoring may conflict with privacy protections and human rights standards.

5. Regulation Continues to Lag Behind Technology

One of the article's central themes is that technological innovation is advancing faster than government regulation. Policymakers worldwide are struggling to establish clear rules governing how AI can be deployed while protecting democratic institutions and individual freedoms.

The debate is increasingly focused on who ultimately controls the data, algorithms, and digital infrastructure that power modern societies.

Why It Matters

Artificial intelligence is rapidly becoming a foundational layer of modern governance. As governments gain access to more sophisticated monitoring tools, questions surrounding privacy, accountability, and civil liberties are becoming increasingly important.

The issue extends beyond technology and enters the realm of political power, national security, and the future structure of digital societies.

Why It Matters to Foreign Currency Holders

• AI-driven governance could influence future financial monitoring systems.

• Digital identity programs may become more integrated with banking and payment networks.

• Governments may gain greater visibility into cross-border financial transactions.

• The evolution of digital infrastructure could reshape how money moves globally.

Implications for the Global Reset

• Pillar 1: Digital Infrastructure Becomes Strategic Infrastructure

As governments expand AI capabilities, control over data, digital networks, and information systems is becoming as strategically important as control over traditional infrastructure.

• Pillar 2: The Emergence of the Digital State

AI surveillance, digital identity systems, and advanced data analytics are creating the framework for increasingly digitized governance models. How these technologies are regulated may help determine whether future systems prioritize freedom, efficiency, security, or centralized control.

Closing Insight

The growth of AI surveillance demonstrates that the future of technology is no longer solely about innovation—it is increasingly about governance. As governments and corporations build the digital systems that will shape future societies, the question is no longer whether AI will be used for surveillance, but how much oversight and accountability will accompany its deployment.

This is not simply a technology story—it is a glimpse into the emerging architecture of the digital state and the evolving relationship between power, data, and individual freedom.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "The Politics of AI Surveillance: Who Controls the Digital State?"

• Carnegie Endowment for International Peace — "The Global Expansion of AI Surveillance"

~~~~~~~~~~ 

 🌱 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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Follow the Gold/Silver Rate COMEX

Follow Fast Facts

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Rob Cunningham: Currency Exchange by Law

Rob Cunningham: Currency Exchange by Law

6-5-2026

Currency Exchange By Law

Natural law separates creative power from corruptive power.

Positive aligned with positive multiplies life, trust, order, value, peace, and truth.

Positive mixed with negative does not “balance” truth.
It contaminates it.
It converts soundness into compromise.
Clarity into confusion, and
Trust into transaction.

• What is true must not be traded for what is useful.
• What is sound must not be blended with what is corrupt.
• What is real must not be exchanged for imitation.

Because once the positive is subordinated to the negative, the negative rules the exchange.

Turns clarity into confusion, and
Trust into transaction.

This is why evil/lies rarely begin by destroying the good/true, openly. It first blends with it, redefines it, monetizes it, then exchanges it for power.

That is not religion or conspiracy.

That is arithmetic, morality, and natural law converging.

True Currency Exchanges require honestly weighed and measured value, otherwise power accrues to those corrupting the exchange process.

A Global Stablecoin Exchange System is a GENIUS Architectural upgrade that all but centralized fiat exchange racketeers hate.

From 1 World Reserve Currency to 195 World Verifiable Stablecoins flips the perverted moneychanger tables right side up.

Source(s):
• https://x.com/KuwlShow/status/2063055069168259109

https://dinarchronicles.com/2026/06/05/rob-cunningham-currency-exchange-by-law/

Jon Dowling: Gold and Silver Breakout, Impact of Fort Knox Audit

Jon Dowling: Gold and Silver Breakout, Impact of Fort Knox Audit

6-5-2026

In an era of rapid digital transformation and economic uncertainty, understanding the tools available to protect your wealth has never been more critical.

In a recent, highly insightful podcast episode, Micah Haince, Senior Sales Manager at Noble Gold Investments, joins host Jon Dowling to break down the evolving global financial landscape and the indispensable role that precious metals play in long-term wealth preservation.

One of the core takeaways from the conversation is the distinction between speculating and insuring. Micah emphasizes that gold and silver should be viewed primarily as a long-term foundation for financial security rather than a vehicle for quick, short-term profit.

He provides listeners with professional guidance on how to distinguish between numismatic collectible coins and standard bullion, while also sharing practical expertise on how to spot and avoid counterfeit precious metals. For anyone looking to enter the market, this focus on education and authenticity is a vital first step.

The discussion dives deep into the risks associated with the shift toward Central Bank Digital Currencies (CBDCs).

As financial systems become increasingly digital, Micah highlights the unique appeal of gold and silver: they are tangible, off-grid assets that remain outside the reach of digital tracking and potential demonetization. By holding physical assets, investors can secure a level of financial independence that is becoming harder to maintain in a strictly digital global economy.

Perhaps the most compelling part of the conversation centers on the possibility of a major financial reset.

Micah discusses the potential for renewed audits of the gold reserves at Fort Knox and the possibility of an official revaluation of gold prices by the U.S. government.

Drawing on analysis from the U.S. debt clock, the podcast explores how a significant revaluation of gold could theoretically impact the U.S. Treasury’s balance sheet. Whether or not these events align with major historical milestones, the message remains clear: the global financial paradigm is shifting, and tangible assets are becoming increasingly important.

While the prospect of financial change can be daunting, Noble Gold Investments stresses the importance of a measured, sensible approach. Micah advises investors to maintain personal liquidity for near-term needs while using precious metals as a form of “insurance” against systemic volatility. He warns that waiting too long could result in being priced out of the market as demand for tangible assets grows..

If you are interested in deepening your understanding of wealth preservation and the future of the monetary system, we encourage you to watch the full video from Jon Dowling. It is an essential watch for anyone looking to position themselves advantageously in the face of tomorrow’s economic challenges.

https://www.youtube.com/watch?v=NCHrHoEjKq8

https://dinarchronicles.com/2026/06/05/jon-dowling-gold-and-silver-breakout-impact-of-fort-knox-audit/